Banco Popular de Puerto Rico

Headquarters

209 Avenida Luis Munoz Rivera
San Juan, PR 00918
See all branch locations →

Phone 787 724 3650

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.35% 1.01% →
2-Year CD 0.55% 0.95% →
5-Year CD 0.90% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Banco Popular de Puerto Rico is an FDIC insured institution located in San Juan, PR. It was founded in 1999 and has approximately $42.27 billion in assets. Customers can open an account at one of its 199 branches.

FDIC Insured Yes
FDIC Certificate # 34968
Date Established 1999
Assets $ 42.27 billion
Loans $ 19.26 billion
Deposits $ 37.46 billion
Capital $ 3.92 billion
 

For a more detailed analysis of Banco Popular de Puerto Rico's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
30 Mo CD
0.55% $10,000 $14,999 Learn More
30 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Popular Prestige Checking 0.00% $2,000 $12.00 Learn MoreShow Less
Popular Everyday Checking 0.00% $1,000 $10.00 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Banco Popular de Puerto Rico

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Banco Popular de Puerto Rico
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Banco Popular de Puerto Rico branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Banco Popular de Puerto Rico Locations


Financial Details

Banco Popular de Puerto Rico Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Banco Popular de Puerto Rico. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Banco Popular de Puerto Rico U.S. Bank Average
28.9% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Banco Popular de Puerto Rico had $1,206,000,000 in non-current loans and $146,000,000 in owned real estate. To cover these potential losses it had $3,922,000,000 in equity and $757,000,000 in loans loss reserves. That gives it a Texas Ratio of 28.9%.

Return on Equity
Banco Popular de Puerto Rico U.S. Bank Average
7.85% 7.80%

Banco Popular de Puerto Rico has a Return on Equity of 7.85% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Banco Popular de Puerto Rico U.S. Bank Average
9.28% 12.68%

Banco Popular de Puerto Rico has a Capitalization of 9.28% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Banco Popular de Puerto Rico Balance Sheet Analysis

As of March 31, 2020, Banco Popular de Puerto Rico had assets of $42,267,000,000, loans of $19,264,000,000, and deposits of $37,458,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 5.90 billion
Interest-bearing balances $ 5.57 billion
Total securities $ 14.69 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 19.26 billion
Loan loss allowance $ 757.00 million
Trading account assets $ 26.00 million
Bank premises and fixed assets N.A.
Other real estate owned $ 146.00 million
Goodwill and other intangibles $ 474.00 million
All other assets $ 1,194.00 million
     Total Assets $ 38.35 billion
LIABILITIES
Total deposits $ 37.46 billion
      Interest-bearing deposits $ 28.96 billion
      Deposits held in domestic offices $ 37.10 billion
      % insured (estimated) 47.80%
Federal funds purchased and repurchase agreements $ 63.00 million
Trading liabilities $ 2.00 million
Other borrowed funds $ 222.00 million
Subordinated debt N.A.
All other liabilities $ 600.00 million
      Total Liabilities $ 38.35 billion
      Shareholders’ Equity $ 3.92 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 449.00 million
Total Interest Expense $ 41.00 million
Net interest income $ 408.00 million
Provision for loan and lease losses $ 114.00 million
Total non interest income $ 107.00 million
Total non interest expense $ 306.00 million
Pre-tax Net Operating Income $ 95.00 million

Bank Loan Profile?

The top three loan types in Banco Popular de Puerto Rico’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Consumer Auto Loans.

Compared to other banks in , Banco Popular de Puerto Rico has a significantly higher percent of Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 32.01
Multifamily
Mortgages
0.80
Credit Card Loans 5.53
Consumer Auto Loans 15.33
Small Business Loans 3.08
Construction and Development Loans 0.94
Commercial Real Estate 18.43
Commercial and Industrial Loans 12.93
Farm Loans 0.04

Frequently Asked Questions About Banco Popular De Puerto Rico

Branches and Savings

Is Banco Popular De Puerto Rico FDIC insured?

Yes. It is covered under FDIC Certificate #34968.

Why does Banco Popular De Puerto Rico pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Banco Popular De Puerto Rico CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Banco Popular De Puerto Rico a commercial bank?

Yes

Where are Banco Popular De Puerto Rico locations?

See branch locations nearby.

Is Banco Popular De Puerto Rico open on Saturdays?

Is Banco Popular De Puerto Rico open on Sundays?

What time does Banco Popular De Puerto Rico open?

What time does Banco Popular De Puerto Rico close?

Are Banco Popular De Puerto Rico ATMs Open 24/7?

Do Banco Popular De Puerto Rico ATMs accept cash deposits?

Can Banco Popular De Puerto Rico customers use other ATMs?

Do Banco Popular De Puerto Rico branches have notaries?

Will Banco Popular De Puerto Rico notarize my document?

What address for Banco Popular De Puerto Rico should I put for incoming ACH transfers?

Will the Banco Popular De Puerto Rico branch print checks?

Do Banco Popular De Puerto Rico checks expire?

Does Banco Popular De Puerto Rico require US citizenship to open account?

Can Banco Popular De Puerto Rico close my account?

Does Banco Popular De Puerto Rico Report to credit bureaus?

Does Banco Popular De Puerto Rico Use Equifax?

What is Banco Popular De Puerto Rico's ACH Routing Number?

What is Banco Popular De Puerto Rico's SWIFT code?

Products

Does Banco Popular De Puerto Rico offer mortgages?

Compare mortgage rates here.

Does Banco Popular De Puerto Rico offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Banco Popular De Puerto Rico offer personal loans?

Compare personal loan rates here.

Does Banco Popular De Puerto Rico offer student loans?

Will Banco Popular De Puerto Rico cash a check?

Will Banco Popular De Puerto Rico redeem a savings bond?

Does Banco Popular De Puerto Rico cash savings bonds?

Will Banco Popular De Puerto Rico cash money orders?

Can Banco Popular De Puerto Rico issue a money order?

Does Banco Popular De Puerto Rico do currency exchange?

Background on The Bank

Who owns Banco Popular De Puerto Rico?

How long has Banco Popular De Puerto Rico been around?

Can Banco Popular De Puerto Rico transfer to other banks?

Does Banco Popular De Puerto Rico have quick pay?

Does Banco Popular De Puerto Rico accept rolled coins?

Will Banco Popular De Puerto Rico accept loose change?

Where is Banco Popular De Puerto Rico headquarters?

Customer Reviews for Banco Popular de Puerto Rico


  • April 21, 2015

    I'm looking to refinance my mortgage. Please call me in New York while I'm visiting with my sick daughter. I can be reached at (845) 464-2124. The refinance is regarding my residence at 25 Blvd. Media Luna, Carolina PR 00987. Thank you for your assistance. I look forward to hearing from you soon. Erie Lausell Lopez

Add Your Review

Rate it here →