Popular - M&A Summary and Business Overview

Financial ServicesCompany

Popular M&A Summary

Popular has acquired 2 companies. It has also divested 3 assets.

Popular’s largest acquisition to date was in 2018, when it acquired Wells Fargo - Auto Finance Business for $1.7B. It’s largest disclosed sale occurred in 2008, when it sold Equity One - Popular to AIG American General Finance for $1.5B. Popular has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include financial services (100%).

Popular Business Overview

Where is Popular headquartered?

Popular is headquartered in Hato Rey, Puerto Rico.

What is Popular’s revenue?

Popular disclosed revenue of 2,324M USD for 2020 and 2,424M USD for 2019.

How many employees does Popular have?

Popular has 8,522 employees.

What sector is Popular in?

Popular is a financial services company.

When was Popular founded?

Popular was founded in 1893.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity2
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4

Popular

Popular, Inc.

209 Munoz Rivera Avenue,
Hato Rey, 00918
Puerto Rico,
(787) 765-9800
www.popular.com/home

Popular is a banking institution by both assets and deposits in Puerto Rico and in the United States ranks among the 50 largest banks and thrifts by total assets. In the United States, Popular has established a community banking franchise providing a broad range of financial services and products with branches in Florida, New Jersey and New York. Popular was founded in 1893 and is based in Hato Rey, Puerto Rico.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $1.7B $1.7B
Sell (0.0/yr) # 3 - - - - - 3
vol $1.5B $1.5B
  5

Most Recent M&A

Company Date Value Type
Wells Fargo & Co. - Auto Finance Business 2018-02-14 1.7B USD Divestiture
San Juan, Puerto Rico
Banco Popular de Puerto Rico 10 Branches 2015-02-27 - Divestiture
, United States
Popular, Inc - Illinois 12 Branches 2014-08-08 - Divestiture
, Illinois
Equity One - Popular 2008-01-23 1.5B USD Divestiture
, United States
Quaker City Bancorp Inc. 2005-01-05 - Add-on Acquisition
Whittier,, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (100%) 1.7B (100%) 2 (67%) -
Real Estate - - 1 (33%) 1.5B (100%)
Total 2 $1.7B 3 $1.5B

By Geo

State/Country Buy Value Sell Value
United States 1 - 3 1.5B
  California 1 - - -
  Illinois - - 1 -
Puerto Rico 1 1.7B - -
Domestic 1 (50%) 1.7B (100%) - -
Cross-border 1 (50%) - 3 (100%) 1.5B (100%)
Total 2 $1.7B 3 $1.5B

Deal Values

buy # Total
> $1B 1 $1.7B
TOTAL $1.7B
Largest Wells Fargo & Co. - Auto Finance Business
$1.7B (2018-02-14)
sell # Total
> $1B 1 $1.5B
TOTAL $1.5B
Largest Equity One - Popular
$1.5B (2008-01-23)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)
Divested to
Strategic(s)
100%
3 (100%)

Company Summary

SECTOR

Financial Services

Revenue

2,324   5% 2020
2,424   3% 2019
2,359   23% 2018
1,921   2017
(millions of USD) Show More Show Less

Employees

8,522

Established

1893

Public

NASDAQ: BPOP

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Financial Services Companies , Puerto Rico Companies

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