What does popular bank — number of branches closed mean?

The number of physical bank branches the company shut down during the year.

How do you interpret popular bank — number of branches closed?

Context-dependent; closures can signal improved efficiency and digital adoption, or a contraction in market presence.

How does popular bank — number of branches closed compare across companies?

Widely used by retail banking analysts to track the physical-to-digital transition of branch networks.

Popular BPOP Popular Bank — Number Of Branches Closed

Discontinued — last reported Q4 '20

Similar metrics at other companies

ONBMinnesota — Number of banking centers to be closed

4—

ONBMichigan — Number of banking centers to be closed

5—

WTFCCommunity Banking — Number Of Locations

11—

ONBIN — Number Of Locations To Be Closed

10—

KEYConsumer Bank — Number of state branch footprint

1,500%—

ONBWisconsin and Indiana — Number of banking centers to be closed

2.5—

Other financials

Income statement

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Revenue$835.8M+10.3%

Net income$245.7M+38.4%

EPS (diluted)$3.78+47.7%

Balance sheet

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Cash & equivalents$394.7M+1.1%

Total debt$1.6B+13.3%

Total equity$6.3B+8.8%

Total assets$76.1B+2.8%

Cash flow

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Operating cash flow$191.6M+11.4%

CapEx$36.7M-28.8%

Free cash flow$154.9M+28.5%

Valuation

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Market cap$10.28B+36.1%

Enterprise value$11.49B+33.6%

P/E11.4×+0.4×

P/S3.1×+0.6×

Profitability

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Net margin27.5%+4.4pp

FCF margin21.8%+5.9pp

Returns & leverage

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Return on equity14.9%+2.3pp

Debt / equity0.3×0.0×

Where this comes from

Reported directly by Popular in its filing.

Tagged under the XBRL concept bpop:NumberOfBranchesClosed.

The official record: Popular’s 10-K, filed March 1, 2022, on SEC EDGAR. View the filing →

Questions, answered.

What does popular bank — number of branches closed mean?: The number of physical bank branches the company shut down during the year.
How do you interpret popular bank — number of branches closed?: Context-dependent; closures can signal improved efficiency and digital adoption, or a contraction in market presence.
How does popular bank — number of branches closed compare across companies?: Widely used by retail banking analysts to track the physical-to-digital transition of branch networks.