Banco Popular de Puerto Rico
Headquarters
209 Avenida Luis Munoz Rivera
San Juan, PR 00918
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Phone 787 724 3650
2024 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 $56.88 billion in assets. Customers can open an account at one of its 199 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 34968 |
| Date Established | 1999 |
| Assets | $ 56.88 billion |
| Loans | $ 23.70 billion |
| Deposits | $ 53.19 billion |
| Capital | $ 3.00 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 - April 25, 2024
Your Current Location: Ohio, OH 43085
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Popular Prestige Checking | 0.00% | $2,000 | $12.00 | Learn More |
| Popular Everyday Checking | 0.00% | $1,000 | $10.00 | Learn More |
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 2059741 |
7.018% |
6.875% 0.88 points $4,672 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.476% |
7.375% 1.00 points $3,200 fees |
$2,211 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More | ||
NMLS ID: 1907 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Banco Popular de Puerto Rico
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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:
Columbus,Ohio
Climate Policy and Initiatives
Banco Popular de Puerto Rico is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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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 |
|---|---|
| 18.65% | 3.96% |
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 December 31, 2024, Banco Popular de Puerto Rico had $598,000,000 in non-current loans and $81,000,000 in owned real estate. To cover these potential losses it had $3,001,000,000 in equity and $640,000,000 in loans loss reserves. That gives it a Texas Ratio of 18.65%.
Return on Equity
| Banco Popular de Puerto Rico | U.S. Bank Average |
|---|---|
| 17.98% | 12.20% |
Banco Popular de Puerto Rico has a Return on Equity of 17.98% versus the BestCashCow average of 12.20%. 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 |
|---|---|
| 5.28% | 10.76% |
Banco Popular de Puerto Rico has a Capitalization of 5.28% versus the BestCashCow average of 10.76. 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 December 31, 2023, Banco Popular de Puerto Rico had assets of $56,876,000,000, loans of $23,698,000,000, and deposits of $53,192,000,000. 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
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 6.24 billion |
| Interest-bearing balances | $ 5.87 billion |
| Total securities | $ 24.11 billion |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 23.70 billion |
| Loan loss allowance | $ 640.00 million |
| Trading account assets | $ 8.00 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 81.00 million |
| Goodwill and other intangibles | $ 551.00 million |
| All other assets | $ 1,267.00 million |
| Total Assets | $ 53.88 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 53.19 billion |
| Interest-bearing deposits | $ 38.99 billion |
| Deposits held in domestic offices | $ 52.77 billion |
| % insured (estimated) | 43.37% |
| Federal funds purchased and repurchase agreements | $ 25.00 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 109.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 601.00 million |
| Total Liabilities | $ 53.88 billion |
| Shareholders’ Equity | $ 3.00 billion |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 2.63 billion |
| Total Interest Expense | $ 820.00 million |
| Net interest income | $ 1,808.00 million |
| Provision for loan and lease losses | $ 194.00 million |
| Total non interest income | $ 524.00 million |
| Total non interest expense | $ 1,576.00 million |
| Pre-tax Net Operating Income | $ 445.00 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 | 25.66 | ✓ | ||
| Multifamily Mortgages |
1.00 | ✓ | ||
| Credit Card Loans | 4.08 | ✓ | ||
| Consumer Auto Loans | 14.73 | ✓ | ||
| Small Business Loans | 1.68 | ✓ | ||
| Construction and Development Loans | 1.33 | ✓ | ||
| Commercial Real Estate | 16.16 | ✓ | ||
| Commercial and Industrial Loans | 11.39 | ✓ | ||
| Farm Loans | 0.03 | ✓ | ||
Customer Reviews for Banco Popular de Puerto Rico
Erie Lausell Lopez
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
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