Popular Management
Management criteria checks 4/4
Popular's CEO is Ignacio Alvarez, appointed in Oct 2014, has a tenure of 9.58 years. total yearly compensation is $5.77M, comprised of 19.6% salary and 80.4% bonuses, including company stock and options. directly owns 0.38% of the company’s shares, worth $23.45M. The average tenure of the management team and the board of directors is 8.6 years and 11.2 years respectively.
Key information
Ignacio Alvarez
Chief executive officer
US$5.8m
Total compensation
| CEO salary percentage | 19.6% |
| CEO tenure | 9.6yrs |
| CEO ownership | 0.4% |
| Management average tenure | 8.6yrs |
| Board average tenure | 11.2yrs |
Recent management updates
Recent updates
Popular: Downgrading To Hold, Top-Line Growth To Boost Earnings
Feb 28If EPS Growth Is Important To You, Popular (NASDAQ:BPOP) Presents An Opportunity
Oct 20
Popular (NASDAQ:BPOP) Has Announced A Dividend Of $0.55
Aug 24Popular (NASDAQ:BPOP) Has Affirmed Its Dividend Of $0.55
May 15Here's Why Popular (NASDAQ:BPOP) Has Caught The Eye Of Investors
Feb 16Do Popular's (NASDAQ:BPOP) Earnings Warrant Your Attention?
Sep 30Popular enters into $231M accelerated share repurchase agreement
Aug 25Popular declares $0.55 dividend
Aug 17Evertec stock dips on secondary stock offering priced at $32.00
Aug 11Popular: Attractively Valued But Earnings Likely To Dip
Aug 04Popular Q2 2022 Earnings Preview
Jul 27Popular declares $0.1328 dividend on preferred stock
Jul 01Does Popular (NASDAQ:BPOP) Deserve A Spot On Your Watchlist?
Jun 17Popular Inc. Is Attractively Valued And Situated In A Steadily Improving Local Environment
May 14Popular (NASDAQ:BPOP) Is Increasing Its Dividend To US$0.55
Feb 26Popular: Revising Up The Earnings Estimate Because Of Rosier Outlook On The Margin
Feb 23Do Popular's (NASDAQ:BPOP) Earnings Warrant Your Attention?
Jan 22Popular: Earnings Likely To Dip After An Extraordinary Year
Dec 08Do Popular's (NASDAQ:BPOP) Earnings Warrant Your Attention?
Oct 09Popular Inc.: Provisions Reversals To Drive Earnings Before Loan Growth Picks Up
Aug 11CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$484m |
| Dec 31 2023 | US$6m | US$1m | US$540m |
| Sep 30 2023 | n/a | n/a | US$702m |
| Jun 30 2023 | n/a | n/a | US$988m |
| Mar 31 2023 | n/a | n/a | US$1b |
| Dec 31 2022 | US$6m | US$1m | US$1b |
| Sep 30 2022 | n/a | n/a | US$1b |
| Jun 30 2022 | n/a | n/a | US$876m |
| Mar 31 2022 | n/a | n/a | US$883m |
| Dec 31 2021 | US$5m | US$1m | US$933m |
| Sep 30 2021 | n/a | n/a | US$904m |
| Jun 30 2021 | n/a | n/a | US$824m |
| Mar 31 2021 | n/a | n/a | US$734m |
| Dec 31 2020 | US$5m | US$1m | US$505m |
| Sep 30 2020 | n/a | n/a | US$495m |
| Jun 30 2020 | n/a | n/a | US$491m |
| Mar 31 2020 | n/a | n/a | US$534m |
| Dec 31 2019 | US$5m | US$1m | US$667m |
| Sep 30 2019 | n/a | n/a | US$607m |
| Jun 30 2019 | n/a | n/a | US$582m |
| Mar 31 2019 | n/a | n/a | US$691m |
| Dec 31 2018 | US$4m | US$1m | US$614m |
| Sep 30 2018 | n/a | n/a | US$406m |
| Jun 30 2018 | n/a | n/a | US$286m |
| Mar 31 2018 | n/a | n/a | US$102m |
| Dec 31 2017 | US$3m | US$808k | US$104m |
Compensation vs Market: Ignacio's total compensation ($USD5.77M) is below average for companies of similar size in the US market ($USD8.39M).
Compensation vs Earnings: Ignacio's compensation has been consistent with company performance over the past year.
CEO
Ignacio Alvarez (65 yo)
9.6yrs
Tenure
US$5,768,444
Compensation
Mr. Ignacio Alvarez, Esq., has been the President of Popular, Inc., since October 1, 2014 and as its Chief Executive Officer and Director since July 1, 2017. Mr. Alvarez has been the President and Chief Ex...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.6yrs | US$5.77m | 0.38% $ 23.4m | |
| Executive VP | 9.6yrs | US$2.59m | 0.11% $ 6.7m | |
| Executive VP & Chief Risk Officer of Corporate Risk Management Group | 12.8yrs | US$1.55m | 0.13% $ 8.1m | |
| Executive VP & COO of Popular Bank | 8.3yrs | US$1.46m | 0.049% $ 3.0m | |
| Executive VP & CFO | less than a year | no data | 0.018% $ 1.1m | |
| Corporate Comptroller & Chief Accounting Officer | less than a year | no data | 0.0075% $ 458.3k | |
| Executive VP and Chief Information & Digital Strategy Officer of Innovation | 8.8yrs | no data | 0.049% $ 3.0m | |
| Executive VP & Chief Administration Officer - Administration Group | 13.4yrs | US$401.13k | 0.058% $ 3.6m | |
| Investor Relations Officer | 5.5yrs | no data | no data | |
| Executive VP | 2.3yrs | no data | 0.019% $ 1.1m | |
| Executive VP and Chief Communications & Public Affairs Officer | 3.1yrs | no data | 0.014% $ 853.9k | |
| Executive Vice President of Commercial Credit Group of Banco Popular de Puerto Rico | 14.4yrs | US$1.33m | 0.056% $ 3.5m |
8.6yrs
Average Tenure
57yo
Average Age
Experienced Management: BPOP's management team is seasoned and experienced (8.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.8yrs | US$5.77m | 0.38% $ 23.4m | |
| Non-Executive Chairman of the Board | 33.3yrs | US$373.37k | 0.30% $ 18.5m | |
| Independent Director | 13.1yrs | US$254.17k | 0.058% $ 3.6m | |
| Independent Lead Director | 11.3yrs | US$302.15k | 0.035% $ 2.1m | |
| Independent Director | 20.1yrs | US$244.17k | 0.049% $ 3.0m | |
| Independent Director | 2.9yrs | US$209.75k | no data | |
| Independent Director | 14.3yrs | US$244.17k | 0.082% $ 5.1m | |
| Independent Director | 14.3yrs | US$238.59k | 0.18% $ 11.3m | |
| Independent Director | 5.3yrs | US$238.59k | 0.0083% $ 506.8k | |
| Independent Director | 11.1yrs | US$224.17k | 0.045% $ 2.8m | |
| Independent Director | 5.8yrs | US$234.82k | 0.0044% $ 272.8k | |
| Independent Director | 2.9yrs | US$215.43k | no data |
11.2yrs
Average Tenure
63yo
Average Age
Experienced Board: BPOP's board of directors are seasoned and experienced ( 11.2 years average tenure).