Popular, Inc. Announces Second Quarter 2026 Financial Results

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SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ: BPOP)

FINANCIAL HIGHLIGHTS
($ in millions, except per share information)	Quarters ended
	30-Jun-26			31-Mar-26			Δ vs 31-Mar-26			30-Jun-25			Δ vs 30-Jun-25
EARNINGS
Net Income	$	278		$	246		$	32		$	210		$	68
PER SHARE DATA
Basic EPS	$	4.35		$	3.78		$	0.57		$	3.09		$	1.26
Diluted EPS	$	4.35		$	3.78		$	0.57		$	3.09		$	1.26
Tangible Book Value / Share (non-GAAP)	$	87.94		$	84.98		$	2.96		$	75.41		$	12.53
FINANCIAL CONDITION
Total Assets	$	78,972		$	76,131		$	2,841		$	76,065		$	2,907
Loans Held in Portfolio	$	39,750		$	39,290		$	460		$	38,185		$	1,565
Deposits	$	70,233		$	67,611		$	2,622		$	67,217		$	3,016
Borrowings	$	1,463		$	1,120		$	343		$	1,414		$	48
CREDIT QUALITY
Non-Performing Loans	$	413		$	458		$	(45	)	$	312		$	102
NPL Ratio		1.04	%		1.17	%	-13 bps				0.82	%	22 bps
NCO Ratio		1.05	%		0.61	%	44 bps				0.45	%	60 bps
ACL / Total Loans		1.97	%		2.10	%	-13 bps				2.02	%	-5 bps
ACL / NPLs		190	%		180	%		10	%		247	%		(57	)%
CAPITAL & LIQUIDITY
Common Equity Tier 1		16.08	%		15.92	%	16 bps				15.91	%	17 bps
Tier 1 Risk-Based Capital		16.13	%		15.98	%	15 bps				15.96	%	17 bps
Total Risk-Based Capital		17.85	%		17.71	%	14 bps				17.70	%	15 bps
Tier 1 Leverage		8.57	%		8.60	%	-3 bps				8.51	%	6 bps
Capital Returned to Shareholders	$	174		$	204		$	(30	)	$	160		$	14
FINANCIAL RATIOS
Net Interest Margin		3.66	%		3.66	%	0 bps				3.49	%	17 bps
NIM (FTE)		4.17	%		4.14	%	3 bps				3.85	%	32 bps
Total Deposit Costs		1.57	%		1.56	%	1 bps				1.78	%	-21 bps
ROTCE (non-GAAP)		17.02	%		15.46	%	156 bps				13.26	%	376 bps
ROA		1.41	%		1.29	%	12 bps				1.11	%	30 bps

The financial information in this earnings release includes non-GAAP financial measures. These measures are intended to supplement, and should not be considered a substitute for, GAAP results. See the "Non-GAAP Financial Measures" section for additional information; and Table R - Reconciliation to GAAP Financial Measures. All financial information in this release, including the accompanying tables, is unaudited.

CEO COMMENTARY

Javier D. Ferrer, President and Chief Executive Officer, said:

"We are pleased to report another solid quarter. Net income reached $278 million, 13% higher than the first quarter of this year and 32% higher than the same quarter a year ago. Our results reflect higher net interest income, solid fee generation, continued balance sheet growth, and strong capital generation. Our ROTCE improved to 17% from 15.5% in the previous quarter, as we remain focused on delivering sustainable, through-the-cycle shareholder returns."

"We continued to return capital to shareholders during the quarter, repurchasing $125 million of common stock, exhausting our previous $500 million authorization, and paying our quarterly dividend of $0.75 per share. We also announced additional capital actions, including a 20% increase in our quarterly dividend to $0.90 per share, subject to Board approval, and a new $1.0 billion share repurchase authorization."

"At the same time, we continued to advance our strategic priorities – to be the number one bank for our customers, to be simple and efficient, and to be a top-performing bank. It is most rewarding to see how the organization has embraced our objectives. A growing number of initiatives are gaining traction simultaneously, and the pace of execution is accelerating."

"With the satisfaction of seeing Popular solid, united, and moving forward with a clear purpose and strategy, I'm announcing my retirement, effective August 31, 2026. As I begin this next chapter, I look forward to focusing on my health and spending meaningful time with my family and close friends."

"It has been an honor to serve Popular and work alongside a team so deeply committed to our clients, communities and shareholders. I am especially grateful to our employees for their support, trust and dedication throughout my years at Popular. I am proud of what we have accomplished together and the momentum it creates for Popular’s future. I also want to thank Jorge for his partnership over the years. I know his leadership will guide Popular forward with strength, purpose and care."

EARNINGS HIGHLIGHTS
	Quarters ended
(Dollars in thousands)	30-Jun-26		31-Mar-26		Δ vs 31-Mar-26			30-Jun-25		Δ vs 30-Jun-25
Net interest income	$	693,419	$	670,180	$	23,239		$	631,549	$	61,870
Provision for credit losses		65,873		75,886		(10,013	)		48,941		16,932
Net interest income after provision for credit losses		627,546		594,294		33,252			582,608		44,938
Non-Interest Income		180,545		165,626		14,919			168,477		12,068
Operating expenses		484,130		467,310		16,820			492,761		(8,631	)
Income before income tax		323,961		292,610		31,351			258,324		65,637
Income tax expense		45,747		46,936		(1,189	)		47,884		(2,137	)
Net income	$	278,214	$	245,674	$	32,540		$	210,440	$	67,774
Net income per common share-basic	$	4.35	$	3.78	$	0.57		$	3.09	$	1.26
Net income per common share-diluted	$	4.35	$	3.78	$	0.57		$	3.09	$	1.26

Significant Events

Capital Actions

On July 23, 2026, the Corporation announced the following capital actions:

• an increase in the Corporation’s quarterly common stock dividend from $0.75 to $0.90 per share, commencing with the dividend payable in the fourth quarter of 2026, subject to the approval of the Corporation’s Board of Directors; and
• a new common stock repurchase authorization of up to $1 billion.

The Corporation’s planned common stock repurchases may be executed in open market transactions, privately negotiated transactions, block trades or any other manner determined by the Corporation. The Corporation has repurchased approximately $280 million in common stock to date in 2026 and, as of June 30, 2026, had fully utilized the $500 million common stock repurchase authorization approved in 2025. The timing, quantity and price of the Corporation's common stock repurchases will be subject to various factors, including market conditions, the Corporation’s capital position, liquidity and financial performance, the capital impact of strategic initiatives and tax and regulatory considerations, including regulatory approvals for subsidiary dividends. The common stock repurchase authorization does not require the Corporation to acquire a specific dollar amount or number of shares and may be modified, suspended or terminated at any time without prior notice.

NET INTEREST INCOME (“NII”) AND NET INTEREST MARGIN (“NIM”)
(Dollars in thousands)	Quarters ended
Popular, Inc.	30-Jun-26			31-Mar-26			Δ vs 31-Mar-26		30-Jun-25			Δ vs 30-Jun-25
Net interest income	$	693,419		$	670,180		$	23,239	$	631,549		$	61,870
Net interest margin		3.66	%		3.66	%		—		3.49	%	17 bps
Net interest margin FTE [1]		4.17	%		4.14	%	3 bps			3.85	%	32 bps
Total deposit costs		1.57	%		1.56	%	1 bps			1.78	%	-21 bps
Core deposit costs (ex. P.R. public deposits)		1.10	%		1.09	%	1 bps			1.15	%	-5 bps
Loan yield FTE [1]		7.53	%		7.53	%		—		7.50	%	3 bps
Money market and investment securities yield FTE [1]		3.69	%		3.54	%	15 bps			3.50	%	19 bps
Banco Popular de Puerto Rico ("BPPR") Segment
Net interest income	$	589,922		$	567,947		$	21,975	$	538,475		$	51,447
Net interest margin		3.85	%		3.85	%		—		3.68	%	17 bps
Total deposit costs		1.32	%		1.31	%	1 bps			1.52	%	-20 bps
Popular Bank ("PB" or "Popular US") Segment
Net interest income	$	113,076		$	111,707		$	1,369	$	102,195		$	10,881
Net interest margin		3.17	%		3.15	%	2 bps			2.93	%	24 bps
Total deposit costs		2.73	%		2.69	%	4 bps			2.95	%	-22 bps
[1] Refer to non-GAAP measures section in this earnings release.

Popular, Inc. – Net interest income of $693 million increased $23 million, or 3.5%, from Q1 2026. The increase was primarily driven by higher income from investment securities, and by higher income on loans driven by commercial loan growth, as well as one additional day in the quarter. These were partially offset by higher interest expense on deposits, mainly due to higher average balances of P.R. public deposits, as well as commercial deposits at both banks. Average earning assets increased by $1.8 billion, driven by U.S. Treasury securities, which increased QoQ by $1.4 billion. Average interest-bearing deposits increased by $1.8 billion driven by P.R. public deposits which increased $1.1 billion when compared to Q1 2026 while non-interest bearing demand deposits increased by $167 million.

Net interest margin was unchanged at 3.66%. Deposit costs increased by one basis point to 1.57%. The additional day in the quarter represented $5 million in incremental income in Q2 2026.

NII fully taxable equivalent ("FTE") and NIM FTE (Non-GAAP)- NII FTE of $789 million increased $31 million, or 4.1%, from Q1 2026. NIM on a taxable equivalent basis expanded three basis points to 4.17%. Money market and investment securities yields FTE increased by 15 basis points, mainly driven by purchases and re-investment of maturities into higher yielding U.S. Treasury securities.

Interest income on a taxable equivalent basis includes interest income on U.S. Treasury securities, certain GNMA securities and certain loans in BPPR's portfolios, that are tax exempt in Puerto Rico.

Refer to tables D, E and F for more details on the components of NII and NIM on a taxable equivalent basis.

BPPR Segment – NII of $590 million increased $22 million, or 3.9%, from Q1 2026. Higher NII was driven by a $22 million or 10 basis points increase in money market and investment securities income, resulting from higher average balances and investment securities yields and a $9 million increase in loan income, mainly driven by higher average balances in the commercial, construction and mortgage portfolios. Higher interest expense on deposits of $9 million, mainly due to a $1.1 billion increase in average Puerto Rico public deposit balances and higher commercial deposits. NIM was stable at 3.85%. Deposit costs increased by one basis point to 1.32%, including the costs of public deposits of 2.61% or five basis points lower than last quarter.

Popular Bank Segment – NII of $113 million increased $1 million, or 1.2%, from Q1 2026. The increase was primarily driven by higher commercial loan income by $4 million and higher yields by seven basis points, attributable to the re-pricing of commercial loans and new originations carrying higher yields, as well as the impact of one additional day in the quarter, partially offset by higher interest expense on deposits by $2 million or six basis points attributable to higher costs of commercial deposits. NIM expanded by two basis points to 3.17%. Deposit costs increased by 4 basis points to 2.73%.

NON-INTEREST INCOME
	Quarters ended
(Dollars in thousands)	30-Jun-26		31-Mar-26		Δ vs 31-Mar-26			30-Jun-25		Δ vs 30-Jun-25
Service charges on deposits	$	39,037	$	38,766	$	271		$	38,826	$	211
Debit card fees		31,538		30,009		1,529			27,918		3,620
Credit card fees		34,783		32,000		2,783			32,502		2,281
Other fees		12,136		10,861		1,275			11,723		413
Banking fees	$	117,494	$	111,636	$	5,858		$	110,969	$	6,525
Insurance fees		12,586		12,525		61			12,695		(109	)
Brokerage and asset management fees		9,998		10,187		(189	)		9,058		940
Trust fees		7,751		7,339		412			6,626		1,125
Asset management and insurance fees	$	30,335	$	30,051	$	284		$	28,379	$	1,956
Mortgage banking activities		6,267		4,213		2,054			4,872		1,395
Other operating income		26,449		19,726		6,723			24,257		2,192
Non-interest income	$	180,545	$	165,626	$	14,919		$	168,477	$	12,068

Non-interest income of $181 million increased $15 million or 8% from Q1 2026.

Key drivers: Banking fees increased $6 million to $117 million, driven by credit and debit card fees, which increased by $3 million and $2 million, respectively, supported by strong transaction activity and higher purchase volumes, including from commercial credit cards. Other operating income increased by $7 million to $26 million, mainly driven by higher income from investments accounted for under the equity method by $4 million, that benefited from an unrealized gain of $3 million in the valuation of an investment.

Refer to Table B for further details.

OPERATING EXPENSES
	Quarters ended
(Dollars in thousands)	30-Jun-26		31-Mar-26			Δ vs 31-Mar-26			30-Jun-25		Δ vs 30-Jun-25
Salaries	$	134,448	$	134,813		$	(365	)	$	132,752	$	1,696
Commissions and incentives		39,911		34,903			5,008			40,551		(640	)
Profit sharing		10,000		(1,203	)		11,203			13,000		(3,000	)
Pension, postretirement and other		44,672		47,556			(2,884	)		43,052		1,620
Total personnel costs	$	229,031	$	216,069		$	12,962		$	229,355	$	(324	)
Technology and software		90,971		89,139			1,832			84,696		6,275
Professional fees		24,484		25,553			(1,069	)		28,108		(3,624	)
Business promotion		27,900		22,860			5,040			26,385		1,515
Transactional services		37,266		39,087			(1,821	)		37,861		(595	)
Net occupancy		27,764		27,299			465			29,140		(1,376	)
Other operating expenses		46,714		47,303			(589	)		57,216		(10,502	)
Operating Expenses	$	484,130	$	467,310		$	16,820		$	492,761	$	(8,631	)

Total operating expenses of $484 million increased $17 million, or 3%, from Q1 2026.

Key drivers: Total personnel costs increased by $13 million, or 6%, primarily reflecting higher performance-based compensation, including approximately $10 million related to the employee profit-sharing plan and additional accruals for short-term incentive compensation by $5 million, both of which are tied to the Corporation’s financial performance. Full-time equivalent employees were 9,203 as of June 30, 2026, compared to 9,191 as of March 31, 2026.

Business promotion expenses increased $5 million driven by an increase in transaction activity in Q2 2026, tied to our credit card business rewards program and a benefit in Q1 2026 from the expiration of unclaimed customer rewards points.

For a breakdown of operating expenses by category in the consolidated statement of operations refer to Table B.

INCOME TAXES

For the second quarter of 2026, the Corporation recorded an income tax expense of $46 million, compared to $47 million for the previous quarter.

The Corporation's effective tax rate ("ETR") is impacted by the composition and source of its taxable income and tax credit activities. The ETR for the second quarter of 2026 was 14.1%, compared to 16.0% for the previous quarter, mainly driven by higher exempt income and the impact of other tax benefits, including the purchase of tax credits and income with preferential tax rates.

CREDIT QUALITY
Credit Quality Metrics
(Dollars in thousands)	Quarters ended
Popular, Inc.	30-Jun-26			31-Mar-26			Δ vs 31-Mar-26			30-Jun-25			Δ vs 30-Jun-25
Provision for credit losses - loan portfolios	$	65,154		$	75,689		$	(10,535	)	$	49,539		$	15,615
Net charge-offs		104,053			60,023			44,030			42,202			61,851
ACL - loans held-in-portfolio		784,832			823,729			(38,897	)		769,485			15,347
NCO Ratio		1.05	%		0.61	%	44 bps				0.45	%	60 bps
NPL Ratio		1.04	%		1.17	%	-13 bps				0.82	%	22 bps
Allowance / loans held-in-portfolio		1.97	%		2.10	%	-13 bps				2.02	%	-5 bps
Non-performing assets		546,694			503,797			42,897			357,751			188,943
Non-performing loans held-in-portfolio		413,437			458,117			(44,680	)		311,625			101,812
Non-performing loans held-for-sale		83,700			—			83,700			—			83,700
Other real estate owned (“OREO”)		49,557			45,680			3,877			46,126			3,431
Allowance / non-performing loans held-in-portfolio		190	%		180	%		10	%		247	%		(57	)%
(Dollars in thousands)	Quarters ended
BPPR	30-Jun-26			31-Mar-26			Δ vs 31-Mar-26			30-Jun-25			Δ vs 30-Jun-25
Provision for credit losses - loan portfolios	$	61,738		$	73,298		$	(11,560	)	$	43,150		$	18,588
Net charge-offs		101,688			58,990			42,698			40,164			61,524
Total non-performing loans held-in-portfolio		367,824			420,273			(52,449	)		257,648			110,176
ACL - loans held-in-portfolio		692,287			732,235			(39,948	)		679,249			13,038
NCO Ratio		1.46	%		0.85	%	61 bps				0.61	%	85 bps
Allowance / loans held-in-portfolio		2.47	%		2.65	%	-18 bps				2.53	%	-6 bps
Allowance / non-performing loans held-in-portfolio		188	%		174	%		14	%		264	%		(75	)%
(Dollars in thousands)	Quarters ended
Popular U.S.	30-Jun-26			31-Mar-26			Δ vs 31-Mar-26			30-Jun-25			Δ vs 30-Jun-25
Provision for credit losses (benefit) - loan portfolios	$	3,416		$	2,391		$	1,025		$	6,389		$	(2,973	)
Net charge-offs		2,365			1,033			1,332			2,038			327
Total non-performing loans held-in-portfolio		45,613			37,844			7,769			53,977			(8,364	)
ACL - loans held-in-portfolio		92,545			91,494			1,051			90,236			2,309
NCO Ratio		0.08	%		0.04	%	4 bps				0.07	%	1 bps
Allowance / loans held-in-portfolio		0.79	%		0.79	%	0 bps				0.79	%	0 bps
Allowance / non-performing loans held-in-portfolio		203	%		242	%		(39	)%		167	%		36	%

During the second quarter of 2026, the Corporation’s overall credit quality metrics remained stable. The quarter included the resolution of a significant commercial non-performing relationship, which resulted in a $71 million charge-off and the transfer of the remaining $84 million carrying amount to loans held-for-sale. Consumer credit performance continued to improve, supported by lower losses in the auto portfolio. Commercial NPL inflows increased during the quarter, driven by borrower-specific issues that management does not view as indicative of broader credit deterioration.

Non-Performing Loans Held-in-Portfolio ("NPLs") and Net Charge Offs ("NCOs")

Total NPLs decreased $45 million to $413 million during Q2 2026. Excluding consumer loans, inflows of NPLs held-in-portfolio increased $137 million in the second quarter of 2026. The ratio of NPLs to total loans held in the portfolio was 1.04% for the second quarter of 2026, compared to 1.17% for the previous quarter. NCO Ratio of 1.05% increased 44 basis points when compared to the previous quarter. Excluding the $71 million charge-off, the NCO Ratio was 0.33% for the quarter.

BPPR segment- NPLs decreased $52 million, primarily driven by a $47 million reduction in commercial NPLs. The decline reflects the resolution of a $155 million relationship, where our intent to sell resulted in a $71 million charge-off and the transfer of the remaining $84 million to loans held for sale (“LHFS”). The loan was subsequently sold on July 2, 2026. The decrease resulting from the reclassification of the loan previously mentioned was partially offset by the inflows to commercial NPLs of two unrelated commercial and industrial relationships of $129 million in the aggregate. These inflows to commercial NPLs stemmed from issues specific to the individual borrowers and are not indicative of a broader decline in portfolio credit quality or the industries in which the borrowers operate. Excluding consumer loans, BPPR segment NPL inflows increased $123 million compared to the prior quarter.

NCOs increased $43 million, primarily reflecting the previously mentioned commercial credit resolution, partially offset by a $10 million improvement in consumer NCOs, mostly due to lower losses in the auto portfolio. NCO Ratio of 1.46%, increased 61 basis points driven by the $71 million charge off during the quarter.

PB segment- NPLs increased $8 million, primarily driven by commercial NPLs. Excluding consumer loans, inflows to NPLs increased $14 million compared to the previous quarter. NCO Ratio of 0.08%, increased 4 basis points during the quarter.

Refer to table L for a breakdown of Non-Performing Assets.

Allowance for loan losses ("ACL")

The ACL as of June 30, 2026 amounted to $785 million, a decrease of $39 million when compared to the first quarter of 2026. The decline primarily reflects the resolution of the commercial non-performing credit moved to LHFS, improving consumer credit performance, and favorable portfolio and macroeconomic developments.

BPPR segment- The ACL decreased by $40 million compared to the previous quarter, mostly driven by a $22 million decrease in reserves for commercial loans. This decrease was primarily due to the transfer to LHFS of the $155 million NPL and related charge-off, as well as favorable changes in the credit quality of the portfolio and the macroeconomic scenario, partially offset by higher reserves associated with NPL inflows during the quarter and loan growth. Additionally, the ACL for consumer loans decreased by $12 million, primarily in the auto and credit card portfolios, reflecting improvements in credit quality.

PB segment- The ACL remained stable quarter-over-quarter at $93 million.

Provision for credit losses

Provision for loan losses of $65 million for the second quarter of 2026. The decrease of $10 million compared to the prior quarter was primarily driven by a lower provision expense in the BPPR segment by $12 million, reflecting improved credit quality in the consumer portfolio, higher recovery activity, and a more favorable macroeconomic outlook supporting the mortgage portfolio. These favorable trends were partially offset by higher reserve requirements associated with commercial NPL inflows during the quarter.

Including the provision for unfunded loan commitments and the provision related to the Corporation’s investment portfolio, the provision for credit losses for the second quarter was $66 million.

BALANCE SHEET
	Quarters ended
(In thousands)	30-Jun-26		31-Mar-26		Δ vs 31-Mar-26			30-Jun-25		Δ vs 30-June-25
Cash and money market investments	$	4,920,502	$	5,040,621	$	(120,119	)	$	6,741,417	$	(1,820,915	)
Investment securities		31,264,698		28,943,544		2,321,154			28,283,970		2,980,728
Loans		39,749,862		39,289,702		460,160			38,185,178		1,564,684
Total assets		78,972,300		76,131,018		2,841,282			76,065,090		2,907,210
Deposits		70,233,115		67,611,316		2,621,799			67,217,491		3,015,624
Borrowings		1,462,831		1,119,557		343,274			1,414,494		48,337
Total liabilities		72,539,295		69,819,932		2,719,363			70,111,072		2,428,223
Stockholders’ equity		6,433,005		6,311,086		121,919			5,954,018		478,987

Total assets- Total assets increased $2.8 billion from the first quarter of 2026, primarily driven by an increase of $2.3 billion in investment securities. Loans held-in-portfolio increased $460 million, mainly due to an increase of $300 million in the BPPR segment across most portfolios and an increase of $160 million in the PB segment, primarily in commercial loans. Loans held-for-sale ("LHFS") also increased $83 million, mainly due to the loan reclassified as LHFS during the quarter.

Total liabilities- Total liabilities increased $2.7 billion from the first quarter of 2026, mainly reflecting a $2.6 billion increase in deposits, including growth in P.R. public deposits of $3.0 billion, coupled with a $325 million increase in short-term borrowings due to higher FHLB advances at PB. This was partially offset by a $246 million decline in other liabilities, primarily from lower unsettled U.S. Treasury purchases outstanding at period end.

Stockholders’ equity- Stockholders' equity increased $122 million when compared to the first quarter of 2026, driven by $278 million of net income and $35 million of amortization of unrealized losses on securities previously reclassified to held-to- maturity ("HTM"), net of tax, and a favorable variance in foreign currency translation adjustments of $22 million from our investment in BHD. These increases were partially offset by $125 million of common share repurchases, $49 million in common and preferred dividends declared, and a $50 million increase in unrealized losses on available-for-sale ("AFS") securities.

LOANS AND DEPOSITS BY CATEGORY
	Quarter ended 30-Jun-26
(Dollars in thousands)	BPPR		%		PB			%		POPULAR		%
Loans held-in-portfolio:
Commercial multi-family	$	345,959	1	%	$	2,053,465		17	%	$	2,399,424	6	%
Commercial real estate non-owner occupied		3,321,095	12	%		2,299,780		20	%		5,620,875	14	%
Commercial real estate owner occupied		1,156,681	4	%		2,100,021		18	%		3,256,702	8	%
Commercial and industrial		6,163,068	22	%		2,611,016		22	%		8,774,084	22	%
Construction		425,850	2	%		1,306,225		11	%		1,732,075	4	%
Mortgage		7,529,550	27	%		1,250,784		11	%		8,780,334	22	%
Leasing		1,968,035	7	%		—		—	%		1,968,035	5	%
Consumer:
Credit cards		1,238,010	4	%		(13	)	—	%		1,237,997	3	%
Home equity lines of credit		1,852	—	%		83,505		1	%		85,357	—	%
Personal		1,896,019	7	%		56,706		—	%		1,952,725	5	%
Auto		3,766,648	13	%		—		—	%		3,766,648	10	%
Other		164,069	1	%		11,537		—	%		175,606	1	%
Total loans held-in-portfolio	$	27,976,836	100	%	$	11,773,026		100	%	$	39,749,862	100	%

The Corporation maintained a diversified loan portfolio at June 30, 2026 with approximately 70% of loan balances in its main market of Puerto Rico and 54% of our consolidated loan portfolio consisting of real estate-related loans, including residential mortgage loans, construction loans, commercial multi-family, and commercial loans secured by commercial real estate.

	Quarter ended 30-Jun-26
(Dollars in thousands)	BPPR		%		PB [2]		%		POPULAR		%
Non-public deposits:
Demand deposits	$	13,851,038	24	%	$	1,428,006	12	%	$	15,085,454	21	%
Savings, NOW and money market deposits (non- brokered)		17,368,199	30	%		6,159,751	52	%		23,376,410	33	%
Savings, NOW and money market deposits (brokered)		79,505	—	%		—	—	%		79,505	—	%
Time deposits (non-brokered)		4,666,304	8	%		3,469,908	29	%		8,113,712	12	%
Time deposits (brokered CDs)		—	—	%		873,116	7	%		873,116	1	%
Total Non-public deposits:		35,965,046	61	%		11,930,781	100	%		47,528,197
P.R public deposits:
Demand Deposits [1]		11,438,732	19	%		—	—	%		11,438,732	16	%
Savings, NOW and money market deposits (non-brokered)		10,347,936	18	%		—	—	%		10,347,936	15	%
Time deposits (non-brokered)		918,250	2	%		—	—	%		918,250	1	%
Total P.R. public deposits		22,704,918	39	%		—	—	%		22,704,918	32	%
Total deposits	$	58,669,964	100	%	$	11,930,781	100	%	$	70,233,115	100	%
[1] Includes interest bearing demand deposits.
[2] PB deposits include intercompany deposits, which are eliminated at the consolidated level.

Total deposits were $70.2 billion as of the end of Q2 2026, reflecting a diversified funding base across retail, commercial and public sector.

P.R. public deposits stood at $22.7 billion representing 32% of total deposits. We expect P.R. public deposits to be in the range of $20-22 billion for the rest of the year.

CAPITAL POSITION
	Quarters ended
(In thousands)	30-Jun-26			31-Mar-26			Δ vs 31-Mar-26		30-Jun-25			Δ vs 30-Jun-25
Capital Position
Common equity per share	$	100.38		$	97.27		$	3.11	$	87.31		$	13.07
Tangible common book value per common share (non-GAAP) [1]	$	87.94		$	84.98		$	2.96	$	75.41		$	12.53
Tangible common book value to tangible assets (non-GAAP) [1]		7.18	%		7.29	%	-11 bps			6.81	%	37 bps
Return on average tangible common equity before adjusting for the impact of unrealized (gains) losses on AFS securities including those transferred to HTM (non-GAAP) [1]		20.12	%		18.18	%	194 bps			14.38	%	574 bps
ROTCE (non-GAAP) [1]		17.02	%		15.46	%	156 bps			13.26	%	376 bps
Regulatory Capital
Common Equity Tier 1 capital		16.08	%		15.92	%	16 bps			15.91	%	17 bps
Tier 1 capital		16.13	%		15.98	%	15 bps			15.96	%	17 bps
Total capital		17.85	%		17.71	%	14 bps			17.70	%	15 bps
Tier 1 leverage		8.57	%		8.60	%	-3 bps			8.51	%	6 bps
[1] Refer to Table R for the reconciliation to most comparable GAAP measures.

The Corporation's Common Equity Tier 1 capital ratio was 16.08% at June 30, 2026, higher by 16 basis points when compared to Q1 2026, which was primarily driven by higher income. Tangible common book value per common share increased to $87.94, driven by net income partially offset by capital return activity. Common equity per share increased to $100.38.

Refer to Table A for capital ratios and Table R for a reconciliation of the non-GAAP financial measures presented above to the most comparable GAAP financial measures.

Capital Actions – During the quarter and six months ended June 30, 2026, Popular repurchased 833,369 shares of common stock for $125 million at an average price of $150.36 per share and 1,988,767 shares of common stock for $280 million at an average price of $141.04 per share, respectively. Common stock repurchases and dividends on preferred and common stock combined, represented capital returned to shareholders of $174 million during the quarter and $378 million for the six months ended June 30, 2026.

ROTCE (non-GAAP) – Return on average tangible common equity, adjusted to add-back unrealized (gains) losses on AFS securities, including those transferred to HTM (as so adjusted, "ROTCE"), improved to 17.02% in Q2 2026, up from 15.46% in Q1 2026. We believe that adding back the impact of unrealized (gains) losses on AFS securities including those transferred to HTM to the denominator provides meaningful information about the Corporation’s return on capital.

2026 FULL YEAR OUTLOOK
Metric	2026 Guidance (GAAP Basis)		Updated Guidance	Commentary
Net Interest Income	5%-7% increase for the year		8% - 9% increase for the year	Driven by higher volume of P.R. deposits
Non-Interest Income	$160 million-$165 million per quarter		$165 million - $170 million per quarter	Driven by increase in credit and debit card activity
NCOs	55 bps-70 bps annualized		65 bps - 80 bps annualized	Due to YTD commercial charge-offs and NPL inflows
Operating Expenses	3% increase for the year		2% - 3% increase for the year	Guidance includes profit sharing expense
Effective Tax Rate	15%-17% for the year		14% - 15% for the year	Driven by higher exempt income
Loan Growth	3%-4% for the year		Low-end of the guidance range	Driven by consumer loan activity in P.R. and C&I loan sold in Q3 2026

NON-GAAP FINANCIAL MEASURES

This press release contains financial information prepared under accounting principles generally accepted in the United States (“U.S. GAAP”) and non-GAAP financial measures. Management uses non-GAAP financial measures when it determines that these measures provide more meaningful information of the underlying performance of the ongoing operations. Non-GAAP financial measures used by the Corporation may not be comparable to similarly named non-GAAP financial measures used by other companies. Below are the non-GAAP measures used in this earnings release:

• NII on a fully taxable equivalent (“FTE”) basis – Management believes that this presentation provides meaningful information since it facilitates the comparison of revenues arising from taxable and tax-exempt sources. NII FTE is presented with its different components in Tables D and E for the quarter ended June 30, 2026 and F for the year to date ended June 30, 2026.

• Tangible common equity – The tangible common equity ratio and tangible book value per common share are commonly used by banks and analysts in conjunction with more traditional bank capital ratios to compare the capital adequacy of banking organizations with significant amounts of goodwill or other intangible assets, typically stemming from the use of the purchase accounting method for mergers and acquisitions. Return on average tangible common equity is also a measure commonly used by banks and analysts to measure the return on that tangible common equity. We present return on average tangible common equity with and without the impact of unrealized (gains) losses on AFS securities including those transferred to HTM in the denominator because we believe that adding back the impact of unrealized (gains) losses on AFS securities including those transferred to HTM to the denominator provides meaningful information about the Corporation’s return on capital. Unless otherwise indicated, references to “ROTCE” in this press release means return on average tangible common equity as adjusted to add back unrealized (gains) losses on AFS securities, including those transferred to HTM. Neither tangible common equity nor tangible assets or related measures should be used in isolation or as a substitute for stockholders’ equity, total assets or any other measure calculated in accordance with GAAP. Refer to Table R for a reconciliation of total stockholders’ equity to tangible common equity and total assets to tangible assets.

• Adjusted Net Income – Management believes that the “Adjusted net income” provides meaningful information about the underlying performance of the Corporation’s ongoing operations. There were no adjustments to net income for the quarter ended June 30, 2026 or March 31 2026.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including without limitation those regarding Popular’s business, financial condition, results of operations, plans, objectives, outlook and future performance. These statements are not guarantees of future performance, are based on management’s current expectations and, by their nature, involve risks, uncertainties, estimates and assumptions. Potential factors, some of which are beyond the Corporation’s control, could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. Risks and uncertainties include, without limitation, the effect of competitive and economic factors, and our reaction to those factors, the adequacy of the allowance for loan losses, delinquency trends, market risk and the impact of interest rate changes (including on our cost of deposits), our ability to attract deposits and grow our loan portfolio, capital market conditions, capital adequacy and liquidity, the effect of legal and regulatory proceedings, the receipt of necessary regulatory approvals, including for dividends by the Corporation’s subsidiaries, and the timing of those regulatory approvals, new regulatory requirements or accounting standards on the Corporation’s financial condition and results of operations, the occurrence of unforeseen or catastrophic events, such as extreme weather events, pandemics, man-made disasters or acts of violence or war, as well as actions taken by governmental authorities in response thereto, and the direct and indirect impact of such events on Popular, our customers, service providers and third parties. Other potential factors include Popular’s ability to successfully execute its transformation initiative, including, but not limited to, achieving projected earnings, efficiencies and return on tangible common equity and accurately anticipating costs and expenses associated therewith, our ability to execute capital actions, including with respect to share repurchases and dividends, the imposition of additional or special FDIC assessments, or increases thereto, the occurrence of any cyber-security event, changes to regulatory capital, liquidity and resolution-related requirements applicable to financial institutions, the impact of bank failures or adverse developments at other banks and related negative media coverage of the banking industry in general on investor and depositor sentiment regarding the stability and liquidity of banks, and changes in and uncertainty regarding federal funding, tax and trade policies, and rulemaking, supervision, examination and enforcement priorities of the federal administration. All statements contained herein that are not clearly historical in nature, are forward-looking, and the words “anticipate,” “believe,” “continues,” “expect,” “estimate,” “intend,” “project” and similar expressions, and future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” “may” or similar expressions, are generally intended to identify forward-looking statements.

More information on the risks and important factors that could affect the Corporation’s future results and financial condition is included in our Form 10-K for the year ended December 31, 2025, our Form 10-Q for the quarter ended March 31, 2026 and our Form 10-Q for the quarter ended June 30, 2026 to be filed with the Securities and Exchange Commission. Our filings are available on the Corporation’s website (www.popular.com) and on the Securities and Exchange Commission website (www.sec.gov). The Corporation assumes no obligation to update or revise any forward-looking statements or information which speak as of their respective dates.

ABOUT POPULAR, INC.

Popular, Inc. (NASDAQ: BPOP) is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. and British Virgin Islands, as well as auto and equipment leasing and financing in Puerto Rico. Popular also offers broker-dealer and insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.

CONFERENCE CALL

Popular will hold a conference call to discuss its financial results today, Wednesday, July 23, 2026 at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the Investor Relations section of the Corporation’s website: www.popular.com.

Following the live webcast, a replay will be archived in the investor relations section of Popular’s website.

Popular, Inc.

Financial Supplement to Second Quarter 2026 Earnings Release

Table A - Selected Ratios and Other Information

Table B - Consolidated Statement of Operations

Table C - Consolidated Statement of Financial Condition

Table D - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) - QUARTER

Table E - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) - QUARTER

Table F - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) - YEAR-TO-DATE

Table G - Mortgage Banking Activities and Other Service Fees

Table H - Consolidated Loans and Deposits

Table I - Loan Delinquency - BPPR Operations

Table J - Loan Delinquency - Popular U.S. Operations

Table K - Loan Delinquency - Consolidated

Table L - Non-Performing Assets

Table M - Activity in Non-Performing Loans

Table N - Allowance for Credit Losses, Net Charge-offs and Related Ratios

Table O - Allowance for Credit Losses ‘‘ACL’’ - Loan Portfolios - BPPR Operations

Table P - Allowance for Credit Losses ‘‘ACL’’ - Loan Portfolios - Popular U.S. Operations

Table Q - Allowance for Credit Losses ‘‘ACL’’ - Loan Portfolios - Consolidated

Table R - Reconciliation to GAAP Financial Measures

POPULAR, INC.
Financial Supplement to Second Quarter 2026 Earnings Release
Table A - Selected Ratios and Other Information
(Unaudited)
	Quarters ended									Six months ended
	30-Jun-26			31-Mar-26			30-Jun-25			30-Jun-26			30-Jun-25
Basic EPS	$	4.35		$	3.78		$	3.09		$	8.13		$	5.64
Diluted EPS	$	4.35		$	3.78		$	3.09		$	8.13		$	5.64
Average common shares outstanding		63,880,929			64,818,440			68,050,361			64,347,094			68,661,851
Average common shares outstanding - assuming dilution		63,915,634			64,877,543			68,079,649			64,381,799			68,687,659
Common shares outstanding at end of period		63,866,681			64,654,788			67,937,468			63,866,681			67,937,468
Market value per common share	$	164.18		$	134.17		$	110.21		$	164.18		$	110.21
Market capitalization - (In millions)	$	10,486		$	8,675		$	7,487		$	10,486		$	7,487
Return on average assets		1.41	%		1.29	%		1.11	%		1.35	%		1.04	%
Return on average common equity		15.18	%		13.76	%		11.77	%		14.48	%		10.93	%
Net interest margin (non-taxable equivalent basis)		3.66	%		3.66	%		3.49	%		3.67	%		3.45	%
Net interest margin (taxable equivalent basis) -non-GAAP		4.17	%		4.14	%		3.85	%		4.16	%		3.80	%
Common equity per share	$	100.38		$	97.27		$	87.31		$	100.38		$	87.31
Tangible common book value per common share (non-GAAP) [1]	$	87.94		$	84.98		$	75.41		$	87.94		$	75.41
Tangible common equity to tangible assets (non-GAAP) [1]		7.18	%		7.29	%		6.81	%		7.18	%		6.81	%
Return on average tangible common equity [1]		17.02	%		15.46	%		13.26	%		17.02	%		12.32	%
Tier 1 capital		16.13	%		15.98	%		15.96	%		16.13	%		15.96	%
Total capital		17.85	%		17.71	%		17.70	%		17.85	%		17.70	%
Tier 1 leverage		8.57	%		8.60	%		8.51	%		8.57	%		8.51	%
Common Equity Tier 1 capital		16.08	%		15.92	%		15.91	%		16.08	%		15.91	%
[1] Refer to Table R for reconciliation to GAAP financial measures.

POPULAR, INC.
Financial Supplement to Second Quarter 2026 Earnings Release
Table B - Consolidated Statement of Operations
(Unaudited)
	Quarters ended								Variance Quarter ended								Variance				Six months ended
(In thousands, except per share information)	30-Jun-26				31-Mar-26				Δ vs 31-Mar-26				30-Jun-25				Δ vs 30-Jun-25				30-Jun-26				30-Jun-25
Interest income:
Loans	$	714,266			$	702,149			$	12,117			$	684,587			$	29,679			$	1,416,415			$	1,351,260
Money market investments		47,021				44,240				2,781				69,532				(22,511	)			91,261				139,698
Investment securities		220,352				200,827				19,525				189,753				30,599				421,179				369,912
Total interest income		981,639				947,216				34,423				943,872				37,767				1,928,855				1,860,870
Interest expense:
Deposits		271,254				259,418				11,836				295,058				(23,804	)			530,672				592,921
Short-term borrowings		5,172				5,703				(531	)			5,300				(128	)			10,875				6,726
Long-term debt		11,794				11,915				(121	)			11,965				(171	)			23,709				24,077
Total interest expense		288,220				277,036				11,184				312,323				(24,103	)			565,256				623,724
Net interest income		693,419				670,180				23,239				631,549				61,870				1,363,599				1,237,146
Provision for credit losses		65,873				75,886				(10,013	)			48,941				16,932				141,759				113,022
Net interest income after provision for credit losses		627,546				594,294				33,252				582,608				44,938				1,221,840				1,124,124
Service charges on deposit accounts		39,037				38,766				271				38,826				211				77,803				77,880
Other service fees		108,792				102,921				5,871				100,522				8,270				211,713				195,030
Mortgage banking activities		6,267				4,213				2,054				4,872				1,395				10,480				8,561
Net loss, including impairment, on debt securities		(595	)			—				(595	)			—				(595	)			(595	)			—
Net gain, including impairment, on equity securities		2,327				1,029				1,298				1,862				465				3,356				1,448
Net gain on trading account debt securities		214				261				(47	)			538				(324	)			475				1,058
Adjustments to indemnity reserves on loans sold		394				35				359				120				274				429				293
Other operating income		24,109				18,401				5,708				21,737				2,372				42,510				36,268
Total non-interest income		180,545				165,626				14,919				168,477				12,068				346,171				320,538
Operating expenses:
Personnel costs
Salaries		134,448				134,813				(365	)			132,752				1,696				269,261				263,702
Commissions, incentives and other bonuses		39,911				34,903				5,008				40,551				(640	)			74,814				78,537
Profit sharing		10,000				(1,203	)			11,203				13,000				(3,000	)			8,797				13,000
Pension, postretirement and medical insurance		18,773				14,896				3,877				18,458				315				33,669				33,024
Other personnel costs, including payroll taxes		25,899				32,660				(6,761	)			24,594				1,305				58,559				53,805
Total personnel costs		229,031				216,069				12,962				229,355				(324	)			445,100				442,068
Net occupancy expenses		27,764				27,299				465				29,140				(1,376	)			55,063				56,358
Equipment expenses		5,879				5,229				650				5,789				90				11,108				11,091
Other taxes		17,707				17,677				30				18,632				(925	)			35,384				37,357
Professional fees		24,484				25,553				(1,069	)			28,108				(3,624	)			50,037				54,933
Technology and software expenses		90,971				89,139				1,832				84,696				6,275				180,110				168,364
Processing and transactional services
Credit and debit cards		13,236				14,206				(970	)			13,044				192				27,442				25,970
Other processing and transactional services		24,030				24,881				(851	)			24,817				(787	)			48,911				49,672
Total processing and transactional services		37,266				39,087				(1,821	)			37,861				(595	)			76,353				75,642
Communications		4,261				4,509				(248	)			5,010				(749	)			8,770				9,914
Business promotion
Rewards and customer loyalty programs		19,600				15,392				4,208				18,047				1,553				34,992				34,412
Other business promotion		8,300				7,468				832				8,338				(38	)			15,768				15,648
Total business promotion		27,900				22,860				5,040				26,385				1,515				50,760				50,060
Deposit insurance		9,977				9,917				60				9,407				570				19,894				19,442
Other real estate owned (OREO) income		(3,238	)			(4,618	)			1,380				(4,124	)			886				(7,856	)			(7,454	)
Other operating expenses
Operational losses		3,118				3,975				(857	)			6,185				(3,067	)			7,093				12,323
All other		8,626				10,230				(1,604	)			15,932				(7,306	)			18,856				32,693
Total other operating expenses		11,744				14,205				(2,461	)			22,117				(10,373	)			25,949				45,016
Amortization of intangibles		384				384				—				385				(1	)			768				982
Total operating expenses		484,130				467,310				16,820				492,761				(8,631	)			951,440				963,773
Income before income tax		323,961				292,610				31,351				258,324				65,637				616,571				480,889
Income tax expense		45,747				46,936				(1,189	)			47,884				(2,137	)			92,683				92,947
Net income	$	278,214			$	245,674			$	32,540			$	210,440			$	67,774			$	523,888			$	387,942
Net income applicable to common stock	$	277,861			$	245,321			$	32,540			$	210,087			$	67,774			$	523,182			$	387,236
Net income per common share - basic	$	4.35			$	3.78			$	0.57			$	3.09			$	1.26			$	8.13			$	5.64
Net income per common share - diluted	$	4.35			$	3.78			$	0.57			$	3.09			$	1.26			$	8.13			$	5.64
Dividends Declared per Common Share	$	0.75			$	0.75			$	—			$	0.70			$	0.05			$	1.50			$	1.40

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table C - Consolidated Statement of Financial Condition
(Unaudited)
					Quarters ended								Variance
(In thousands)	30-Jun-26				31-Mar-26				30-Jun-25				Δ vs 31-Mar-26
Assets:
Cash and due from banks	$	365,013			$	384,922			$	400,631			$	(19,909	)
Money market investments		4,555,489				4,655,699				6,340,786				(100,210	)
Trading account debt securities, at fair value		31,170				30,449				29,643				721
Debt securities available-for-sale, at fair value		24,792,834				21,733,269				20,490,212				3,059,565
Debt securities held-to-maturity, at amortized cost		6,204,020				6,962,659				7,541,724				(758,639	)
Less: Allowance for credit losses		6,230				5,900				5,999				330
Debt securities held-to-maturity, net		6,197,790				6,956,759				7,535,725				(758,969	)
Equity securities		236,674				217,167				222,391				19,507
Loans held-for-sale, at lower of cost or fair value		88,579				5,603				2,898				82,976
Loans held-in-portfolio		40,156,582				39,703,844				38,611,834				452,738
Less: Unearned income		406,720				414,142				426,656				(7,422	)
Allowance for credit losses		784,832				823,729				769,485				(38,897	)
Total loans held-in-portfolio, net		38,965,030				38,465,973				37,415,693				499,057
Premises and equipment, net		731,945				706,233				649,191				25,712
Other real estate		49,557				45,680				46,126				3,877
Accrued income receivable		307,251				308,617				274,867				(1,366	)
Mortgage servicing rights, at fair value		94,485				94,232				103,077				253
Other assets		1,762,221				1,731,769				1,745,052				30,452
Goodwill		789,954				789,954				802,954				—
Other intangible assets		4,308				4,692				5,844				(384	)
Total assets	$	78,972,300			$	76,131,018			$	76,065,090			$	2,841,282
Liabilities and Stockholders’ Equity:
Liabilities:
Deposits:
Non-interest bearing	$	15,096,293			$	15,785,788			$	15,114,614			$	(689,495	)
Interest bearing		55,136,822				51,825,528				52,102,877				3,311,294
Total deposits		70,233,115				67,611,316				67,217,491				2,621,799
Assets sold under agreements to repurchase		77,521				34,576				56,043				42,945
Other short-term borrowings		675,000				350,000				550,000				325,000
Notes payable		710,310				734,981				808,451				(24,671	)
Other liabilities		843,349				1,089,059				1,479,087				(245,710	)
Total liabilities		72,539,295				69,819,932				70,111,072				2,719,363
Stockholders’ equity:
Preferred stock		22,143				22,143				22,143				—
Common stock		1,050				1,049				1,049				1
Surplus		4,937,091				4,928,636				4,919,950				8,455
Retained earnings		5,632,866				5,403,176				4,861,958				229,690
Treasury stock		(3,000,759	)			(2,875,230	)			(2,455,425	)			(125,529	)
Accumulated other comprehensive loss, net of tax		(1,159,386	)			(1,168,688	)			(1,395,657	)			9,302
Total stockholders’ equity		6,433,005				6,311,086				5,954,018				121,919
Total liabilities and stockholders’ equity	$	78,972,300			$	76,131,018			$	76,065,090			$	2,841,282

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table D - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP)
For the quarters ended June 30, 2026 and March 31, 2026
(audited)
Average Volume										Average Yields / Costs										Interest										Variance Attributable to
30-Jun-26			31-Mar-26			Variance				30-Jun-26			31-Mar-26			Variance				30-Jun-26			31-Mar-26			Variance				Rate				Volume
(In millions)																				(In thousands)
$	5,095		$	4,850		$	245			3.70	%		3.70	%		—	%		Money market investments	$	47,021		$	44,240		$	2,781			$	521			$	2,260
	31,091			29,810			1,281			3.69			3.52			0.17			Investment securities [1]		286,115			258,897			27,218				14,156				13,062
	32			34			(2	)		5.76			5.56			0.20			Trading securities		454			463			(9	)			21				(30	)
	36,218			34,694			1,524			3.69			3.54			0.15			Total money market, investment and trading securities		333,590			303,600			29,990				14,698				15,292
																			Loans:
	19,932			19,723			209			6.73			6.71			0.02			Commercial		334,494			326,387			8,107				4,622				3,485
	1,764			1,697			67			7.90			8.14			(0.24	)		Construction		34,729			34,068			661				(674	)			1,335
	1,970			1,985			(15	)		7.45			7.35			0.10			Leasing		36,680			36,459			221				499				(278	)
	8,732			8,664			68			6.15			6.08			0.07			Mortgage		134,236			131,679			2,557				1,510				1,047
	3,310			3,309			1			13.74			13.86			(0.12	)		Consumer		113,356			113,129			227				408				(181	)
	3,867			3,892			(25	)		9.32			9.33			(0.01	)		Auto		89,901			89,496			405				983				(578	)
	39,575			39,270			305			7.53			7.53			—			Total loans		743,396			731,218			12,178				7,348				4,830
$	75,793		$	73,964		$	1,829			5.70	%		5.66	%		0.04	%		Total earning assets	$	1,076,986		$	1,034,818		$	42,168			$	22,046			$	20,122
																			Interest bearing deposits:
$	8,819		$	8,554		$	265			1.69	%		1.62	%		0.07	%		NOW and money market	$	37,237		$	34,159		$	3,078			$	1,986			$	1,092
	14,817			14,633			184			0.78			0.77			0.01			Savings		28,640			27,714			926				766				160
	8,907			8,714			193			2.95			2.99			(0.04	)		Time deposits		65,411			64,243			1,168				(4	)			1,172
	21,502			20,362			1,140			2.61			2.66			(0.05	)		P.R. public deposits		139,966			133,302			6,664				(926	)			7,590
	54,045			52,263			1,782			2.01			2.01			—			Total interest bearing deposits		271,254			259,418			11,836				1,822				10,014
	15,268			15,101			167												Non-interest bearing demand deposits
	69,313			67,364			1,949			1.57			1.56			0.01			Total deposits		271,254			259,418			11,836				1,822				10,014
	539			597			(58	)		3.85			3.88			(0.03	)		Short-term borrowings		5,172			5,703			(531	)			19				(550	)
	741			772			(31	)		6.38			6.26			0.12			Other medium and long-term debt		11,794			11,915			(121	)			320				(441	)
	55,325			53,632			1,693			2.09			2.09			—			Total interest bearing liabilities (excluding demand deposits)		288,220			277,036			11,184				2,161				9,023
	5,200			5,231			(31	)											Other sources of funds
$	75,793		$	73,964		$	1,829			1.53	%		1.52	%		0.01	%		Total source of funds	$	288,220		$	277,036		$	11,184			$	2,161			$	9,023
										4.17	%		4.14	%		0.03	%		Net interest margin/ income on a taxable equivalent basis (Non-GAAP)	$	788,766		$	757,782		$	30,984			$	19,885			$	11,099
										3.61	%		3.57	%		0.04	%		Net interest spread
																			Taxable equivalent adjustment		95,347			87,602			7,745
										3.66	%		3.66	%		—	%		Net interest margin/ income non-taxable equivalent basis (GAAP)	$	693,419		$	670,180		$	23,239
Note: The changes that are not due solely to volume or rate are allocated to volume and rate based on the proportion of the change in each category.
[1] Average balances exclude unrealized gains or losses on debt securities available-for-sale and the unrealized loss related to certain securities transferred from available-for-sale to held-to-maturity.

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table E - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP)
For the quarters ended June 30, 2026 and June 30, 2025
(Unaudited)
Average Volume										Average Yields / Costs										Interest										Variance Attributable to
30-Jun-26			30-Jun-25			Variance				30-Jun-26			30-Jun-25			Variance				30-Jun-26			30-Jun-25			Variance				Rate				Volume
(In millions)																				(In thousands)
$	5,095		$	6,251		$	(1,156	)		3.70	%		4.46	%		(0.76	)%		Money market investments	$	47,021		$	69,532		$	(22,511	)		$	(10,800	)		$	(11,711	)
	31,091			28,809			2,282			3.69			3.29			0.40			Investment securities [1]		286,115			236,372			49,743				25,813				23,930
	32			27			5			5.76			5.99			(0.23	)		Trading securities		454			407			47				(16	)			63
	36,218			35,087			1,131			3.69			3.50			0.19			Total money market, investment and trading securities		333,590			306,311			27,279				14,997				12,282
																			Loans:
	19,932			18,676			1,256			6.73			6.73			—			Commercial		334,494			313,493			21,001				(80	)			21,081
	1,764			1,459			305			7.90			8.19			(0.29	)		Construction		34,729			29,806			4,923				(1,113	)			6,036
	1,970			1,963			7			7.45			7.18			0.27			Leasing		36,680			35,249			1,431				1,307				124
	8,732			8,339			393			6.15			5.89			0.26			Mortgage		134,236			122,873			11,363				5,431				5,932
	3,310			3,211			99			13.74			14.00			(0.26	)		Consumer		113,356			112,083			1,273				(1,995	)			3,268
	3,867			3,937			(70	)		9.32			9.14			0.18			Auto		89,901			89,706			195				1,809				(1,614	)
	39,575			37,585			1,990			7.53			7.50			0.03			Total loans		743,396			703,210			40,186				5,359				34,827
$	75,793		$	72,672		$	3,121			5.70	%		5.57	%		0.13	%		Total earning assets	$	1,076,986		$	1,009,521		$	67,465			$	20,356			$	47,109
																			Interest bearing deposits:
$	8,819		$	8,062		$	757			1.69	%		1.71	%		(0.02	)%		NOW and money market	$	37,237		$	34,288		$	2,949			$	(1,647	)		$	4,596
	14,817			14,605			212			0.78			0.83			(0.05	)		Savings		28,640			30,378			(1,738	)			(1,134	)			(604	)
	8,907			8,532			375			2.95			3.15			(0.20	)		Time deposits		65,411			67,032			(1,621	)			(4,675	)			3,054
	21,502			20,333			1,169			2.61			3.22			(0.61	)		P.R. public deposits		139,966			163,360			(23,394	)			(32,122	)			8,728
	54,045			51,532			2,513			2.01			2.29			(0.28	)		Total interest bearing deposits		271,254			295,058			(23,804	)			(39,578	)			15,774
	15,268			14,825			443												Non-interest bearing demand deposits
	69,313			66,357			2,956			1.57			1.78			(0.21	)		Total deposits		271,254			295,058			(23,804	)			(39,578	)			15,774
	539			470			69			3.85			4.52			(0.67	)		Short-term borrowings		5,172			5,300			(128	)			(831	)			703
	741			832			(91	)		6.38			5.79			0.59			Other medium and long-term debt		11,794			11,965			(171	)			1,253				(1,424	)
	55,325			52,834			2,491			2.09			2.36			(0.27	)		Total interest bearing liabilities (excluding demand deposits)		288,220			312,323			(24,103	)			(39,156	)			15,053
	5,200			5,013			187												Other sources of funds
$	75,793		$	72,672		$	3,121			1.53	%		1.72	%		(0.19	)%		Total source of funds	$	288,220		$	312,323		$	(24,103	)		$	(39,156	)		$	15,053
										4.17	%		3.85	%		0.32	%		Net interest margin/ income on a taxable equivalent basis (Non-GAAP)	$	788,766		$	697,198		$	91,568			$	59,512			$	32,056
										3.61	%		3.21	%		0.40	%		Net interest spread
																			Taxable equivalent adjustment		95,347			65,649			29,698
										3.66	%		3.49	%		0.17	%		Net interest margin/ income non-taxable equivalent basis (GAAP)	$	693,419		$	631,549		$	61,870
Note: The changes that are not due solely to volume or rate are allocated to volume and rate based on the proportion of the change in each category.
[1] Average balances exclude unrealized gains or losses on debt securities available-for-sale and the unrealized loss related to certain securities transferred from available-for-sale to held-to-maturity.

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table F - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) - YEAR-TO-DATE
(Unaudited)
Average Volume										Average Yields / Costs										Interest										Variance Attributable to
30-Jun-26			30-Jun-25			Variance				30-Jun-26			30-Jun-25			Variance				30-Jun-26			30-Jun-25			Variance				Rate				Volume
(In millions)																				(In thousands)
$	4,973		$	6,314		$	(1,341	)		3.70	%		4.46	%		(0.76	)%		Money market investments	$	91,261		$	139,698		$	(48,437	)		$	(21,575	)		$	(26,862	)
	30,454			28,613			1,841			3.61			3.22			0.39			Investment securities [1]		545,012			456,807			88,205				50,353				37,852
	33			29			4			5.66			5.90			(0.24	)		Trading securities		916			847			69				(36	)			105
	35,460			34,956			504			3.62			3.45			0.17			Total money market, investment and trading securities		637,189			597,352			39,837				28,742				11,095
																			Loans:
	19,828			18,585			1,243			6.72			6.72			—			Commercial		660,881			619,461			41,420				(21	)			41,441
	1,731			1,385			346			8.02			8.15			(0.13	)		Construction		68,796			55,995			12,801				(964	)			13,765
	1,977			1,951			26			7.40			7.14			0.26			Leasing		73,139			69,693			3,446				2,485				961
	8,698			8,254			444			6.11			5.86			0.25			Mortgage		265,915			241,789			24,126				10,791				13,335
	3,310			3,207			103			13.80			14.02			(0.22	)		Consumer		226,486			222,989			3,497				(3,386	)			6,883
	3,880			3,929			(49	)		9.32			9.11			0.21			Auto		179,398			177,511			1,887				4,154				(2,267	)
	39,424			37,311			2,113			7.53			7.49			0.04			Total loans		1,474,615			1,387,438			87,177				13,059				74,118
$	74,884		$	72,267		$	2,617			5.68	%		5.54	%		0.14	%		Total earning assets	$	2,111,804		$	1,984,790		$	127,014			$	41,801			$	85,213
																			Interest bearing deposits:
$	8,687		$	8,022		$	665			1.66	%		1.72	%		(0.06	)%		NOW and money market	$	71,397		$	68,290		$	3,107			$	(5,927	)		$	9,034
	14,725			14,556			169			0.77			0.85			(0.08	)		Savings		56,353			61,658			(5,305	)			(3,967	)			(1,338	)
	8,812			8,466			346			2.97			3.18			(0.21	)		Time deposits		129,654			133,713			(4,059	)			(9,545	)			5,486
	20,935			20,310			625			2.63			3.27			(0.64	)		P.R public deposits		273,268			329,260			(55,992	)			(65,601	)			9,609
	53,159			51,354			1,805			2.01			2.33			(0.32	)		Total interest bearing deposits		530,672			592,921			(62,249	)			(85,040	)			22,791
	15,185			14,758			427												Non-interest bearing demand deposits
	68,344			66,112			2,232			1.57			1.81			(0.24	)		Total deposits		530,672			592,921			(62,249	)			(85,040	)			22,791
	568			297			271			3.86			4.57			(0.71	)		Short-term borrowings		10,875			6,726			4,149				(1,116	)			5,265
	757			847			(90	)		6.32			5.72			0.60			Other medium and long-term debt		23,709			24,077			(368	)			2,474				(2,842	)
	54,484			52,498			1,986			2.09			2.40			(0.31	)		Total interest bearing liabilities (excluding demand deposits)		565,256			623,724			(58,468	)			(83,682	)			25,214
	5,215			5,011			204												Other sources of funds
$	74,884		$	72,267		$	2,617			1.52	%		1.74	%		(0.22	)%		Total source of funds	$	565,256		$	623,724		$	(58,468	)		$	(83,682	)		$	25,214
										4.16	%		3.80	%		0.36	%		Net interest margin/ income on a taxable equivalent basis (Non-GAAP)	$	1,546,548		$	1,361,066		$	185,482			$	125,483			$	59,999
										3.59	%		3.14	%		0.45	%		Net interest spread
																			Taxable equivalent adjustment		182,949			123,920			59,029
										3.67	%		3.45	%		0.22	%		Net interest margin/ income non-taxable equivalent basis (GAAP)	$	1,363,599		$	1,237,146		$	126,453
Note: The changes that are not due solely to volume or rate are allocated to volume and rate based on the proportion of the change in each category.
[1] Average balances exclude unrealized gains or losses on debt securities available-for-sale and the unrealized loss related to certain securities transferred from available-for-sale to held-to-maturity.

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table G - Mortgage Banking Activities and Other Service Fees
(Unaudited)
Mortgage Banking Activities
	Quarters ended									Variance						Six month ended
(In thousands)	30-Jun-26			31-Mar-26			30-Jun-25			Δ vs 31-Mar-26			Δ vs 30-Jun-25			30-Jun-26			30-Jun-25			Δ vs 30-Jun-25
Mortgage servicing fees, net of fair value adjustments:
Mortgage servicing fees	$	6,416		$	6,483		$	6,912		$	(67	)	$	(496	)	$	12,899		$	14,080		$	(1,181	)
Mortgage servicing rights fair value adjustments		(232	)		(2,639	)		(1,954	)		2,407			1,722			(2,871	)		(5,524	)		2,653
Total mortgage servicing fees, net of fair value adjustments		6,184			3,844			4,958			2,340			1,226			10,028			8,556			1,472
Net (loss) gain on sale of loans, including valuation on loans held-for-sale		159			317			(37	)		(158	)		196			477			156			321
Trading account (loss) profit:
Unrealized (losses) gains on outstanding derivative positions		(52	)		75			(8	)		(127	)		(44	)		23			(95	)		118
Realized (losses) gains on closed derivative positions		13			(18	)		(10	)		31			23			(5	)		(9	)		4
Total trading account (loss) profit		(39	)		57			(18	)		(96	)		(21	)		17			(104	)		121
Losses on repurchased loans, including interest advances		(37	)		(4	)		(31	)		(33	)		(6	)		(42	)		(47	)		5
Total mortgage banking activities	$	6,267		$	4,214		$	4,872		$	2,053		$	1,395		$	10,480		$	8,561		$	1,919

Other Service Fees
	Quarters ended									Variance								Six month ended
(In thousands)	30-Jun-26			31-Mar-26			30-Jun-25			Δ vs 31-Mar-26				Δ vs 30-Jun-25				30-Jun-26			30-Jun-25			Δ vs 30-Jun-25
Other service fees:
Debit card fees	$	31,538		$	30,009		$	27,918		$	1,529			$	3,620			$	61,546		$	54,350		$	7,196
Insurance fees		12,586			12,525			12,695			61				(109	)			25,111			24,004			1,107
Credit card fees		34,783			32,000			32,502			2,783				2,281				66,784			62,632			4,152
Sale and administration of investment products		9,998			10,187			9,058			(189	)			940				20,185			18,031			2,154
Trust fees		7,751			7,339			6,626			412				1,125				15,090			12,926			2,164
Other fees		12,136			10,861			11,723			1,275				413				22,997			23,087			(90	)
Total other service fees	$	108,792		$	102,921		$	100,522		$	5,871			$	8,270			$	211,713		$	195,030		$	16,683

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table H - Consolidated Loans and Deposits
(Unaudited)
Loans - Ending Balances
	Quarters ended									Variance
(Dollars in thousands)	30-Jun-26			31-Mar-26			30-Jun-25			Δ vs 31-Mar-26				% of Change			Δ vs 30-Jun-25				% of Change
Loans held-in-portfolio:
Commercial
Commercial multi-family	$	2,399,424		$	2,427,295		$	2,520,789		$	(27,871	)		(1.15	%)		$	(121,365	)		(4.81	%)
Commercial real estate non-owner occupied		5,620,875			5,543,451			5,521,374			77,424			1.40	%			99,501			1.80	%
Commercial real estate owner occupied		3,256,702			3,212,356			3,003,855			44,346			1.38	%			252,847			8.42	%
Commercial and industrial		8,774,084			8,565,559			8,043,752			208,525			2.43	%			730,332			9.08	%
Total Commercial		20,051,085			19,748,661			19,089,770			302,424			1.53	%			961,315			5.04	%
Construction		1,732,075			1,674,193			1,468,201			57,882			3.46	%			263,874			17.97	%
Mortgage		8,780,334			8,712,361			8,444,427			67,973			0.78	%			335,907			3.98	%
Leasing		1,968,035			1,986,165			1,983,068			(18,130	)		(0.91	%)			(15,033	)		(0.76	%)
Consumer
Credit cards		1,237,997			1,214,199			1,215,293			23,798			1.96	%			22,704			1.87	%
Home equity lines of credit		85,357			79,764			77,479			5,593			7.01	%			7,878			10.17	%
Personal		1,952,725			1,913,281			1,876,463			39,444			2.06	%			76,262			4.06	%
Auto		3,766,648			3,783,904			3,861,702			(17,256	)		(0.46	%)			(95,054	)		(2.46	%)
Other		175,606			177,174			168,775			(1,568	)		(0.89	%)			6,831			4.05	%
Total Consumer		7,218,333			7,168,322			7,199,712			50,011			0.70	%			18,621			0.26	%
Total loans held-in-portfolio	$	39,749,862		$	39,289,702		$	38,185,178		$	460,160			1.17	%		$	1,564,684			4.10	%
Loans held-for-sale:
Commercial	$	83,700		$	—		$	—		$	83,700			—	%		$	83,700			—	%
Mortgage	$	4,879		$	5,603		$	2,898		$	(724	)		(12.92	%)		$	1,981			68.36	%
Total loans held-for-sale	$	88,579		$	5,603		$	2,898		$	82,976			1480.92	%		$	85,681			2956.56	%
Total loans	$	39,838,441		$	39,295,305		$	38,188,076		$	543,136			1.38	%		$	1,650,365			4.32	%

Deposits - Ending Balances
	Quarters ended									Variance
(In thousands)	30-Jun-26			31-Mar-26			30-Jun-25 [2]			Δ vs 31-Mar-26				% of Change			Δ vs 30-Jun-25				% of Change
Deposits excluding P.R. public deposits:
Demand deposits	$	15,085,454		$	15,778,435		$	15,114,614		$	(692,981	)		(4.39	%)		$	(29,160	)		(0.19	%)
Savings, NOW and money market deposits (non-brokered)		23,376,410			23,208,340			22,292,892			168,070			0.72	%			1,083,518			4.86	%
Savings, NOW and money market deposits (brokered)		79,505			82,417			91,220			(2,912	)		(3.53	%)			(11,715	)		(12.84	%)
Time deposits (non-brokered)		8,113,712			7,958,260			8,071,836			155,452			1.95	%			41,876			0.52	%
Time deposits (brokered CDs)		873,116			914,526			728,969			(41,410	)		(4.53	%)			144,147			19.77	%
Sub-total deposits excluding P.R. public deposits		47,528,197			47,941,978			46,299,531			(413,781	)		(0.86	%)			1,228,666			2.65	%
P.R. public deposits:
Demand deposits [1]		11,438,732			11,967,888			12,376,316			(529,156	)		(4.42	%)			(937,584	)		(7.58	%)
Savings, NOW and money market deposits (non-brokered)		10,347,936			6,828,306			7,743,663			3,519,630			51.54	%			2,604,273			33.63	%
Time deposits (non-brokered)		918,250			873,144			797,981			45,106			5.17	%			120,269			15.07	%
Sub-total P.R. public deposits		22,704,918			19,669,338			20,917,960			3,035,580			15.43	%			1,786,958			8.54	%
Total deposits	$	70,233,115		$	67,611,316		$	67,217,491		$	2,621,799			3.88	%		$	3,015,624			4.49	%
[1] Includes interest bearing demand deposits.
[2] Savings, NOW and money market deposits include reciprocal deposits of $841 million as of June 30, 2026 (March 31, 2026 - $821 million; June 30, 2025 - $738 million) that were categorized as brokered deposits during 2025 and re-characterized as non-brokered in 2026. Similarly, Time deposits include reciprocal deposits of $75 million as of June 30, 2026 (March 31, 2026 - $87 million; June 30, 2025 - $133 million) that were categorized as brokered deposits during 2025 and re-characterized as non-brokered in 2026. The presentation for June 30, 2025 has been adjusted to conform to the presentation for June 30, 2026.

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table I - Loan Delinquency - BPPR Operations
(Unaudited)
30-Jun-26
BPPR
	Past due																		Past due 90 days or more
(In thousands)	30-59 days			60-89 days			90 days or more			Total past due			Current			Loans HIP			Non-accrual loans			Accruing loans
Commercial multi-family	$	10,723		$	—		$	—		$	10,723		$	335,236		$	345,959		$	—		$	—
Commercial real estate:
Non-owner occupied		2,750			160			26,016			28,926			3,292,169			3,321,095			26,016			—
Owner occupied		2,053			—			15,374			17,427			1,139,254			1,156,681			15,374			—
Commercial and industrial		5,063			2,084			142,947			150,094			6,012,974			6,163,068			138,389			4,558
Construction		—			—			—			—			425,850			425,850			—			—
Mortgage		228,082			108,220			320,739			657,041			6,872,509			7,529,550			129,240			191,499
Leasing		22,358			5,549			7,182			35,089			1,932,946			1,968,035			7,182			—
Consumer:
Credit cards		12,058			8,488			23,367			43,913			1,194,097			1,238,010			—			23,367
Home equity lines of credit		—			—			—			—			1,852			1,852			—			—
Personal		17,784			10,789			16,605			45,178			1,850,841			1,896,019			16,605			—
Auto		99,765			19,552			31,474			150,791			3,615,857			3,766,648			31,474			—
Other		327			796			3,869			4,992			159,077			164,069			3,544			325
Total	$	400,963		$	155,638		$	587,573		$	1,144,174		$	26,832,662		$	27,976,836		$	367,824		$	219,749

31-Mar-26
BPPR
	Past due																		Past due 90 days or more
(In thousands)	30-59 days			60-89 days			90 days or more			Total past due			Current			Loans HIP			Non-accrual loans			Accruing loans
Commercial multi-family	$	2,717		$	7,927		$	—		$	10,644		$	332,447		$	343,091		$	—		$	—
Commercial real estate:
Non-owner occupied		3,123			—			26,457			29,580			3,362,611			3,392,191			26,457			—
Owner occupied		2,114			664			14,192			16,970			1,131,241			1,148,211			14,192			—
Commercial and industrial		5,792			2,240			190,205			198,237			5,742,028			5,940,265			185,993			4,212
Construction		13,635			—			—			13,635			399,144			412,779			—			—
Mortgage		218,044			102,818			325,321			646,183			6,789,562			7,435,745			129,367			195,954
Leasing		21,261			3,938			8,892			34,091			1,952,074			1,986,165			8,892			—
Consumer:
Credit cards		12,351			8,721			25,395			46,467			1,167,725			1,214,192			—			25,395
Home equity lines of credit		—			120			—			120			1,778			1,898			—			—
Personal		18,601			11,212			15,976			45,789			1,805,275			1,851,064			15,755			221
Auto		81,112			13,038			35,390			129,540			3,654,364			3,783,904			35,390			—
Other		574			135			4,663			5,372			162,036			167,408			4,227			436
Total	$	379,324		$	150,813		$	646,491		$	1,176,628		$	26,500,285		$	27,676,913		$	420,273		$	226,218

Variance
	Past due																								Past due 90 days or more
(In thousands)	30-59 days				60-89 days				90 days or more				Total past due				Current				Loans HIP				Non-accrual loans				Accruing loans
Commercial multi-family	$	8,006			$	(7,927	)		$	—			$	79			$	2,789			$	2,868			$	—			$	—
Commercial real estate:
Non-owner occupied		(373	)			160				(441	)			(654	)			(70,442	)			(71,096	)			(441	)			—
Owner occupied		(61	)			(664	)			1,182				457				8,013				8,470				1,182				—
Commercial and industrial		(729	)			(156	)			(47,258	)			(48,143	)			270,946				222,803				(47,604	)			346
Construction		(13,635	)			—				—				(13,635	)			26,706				13,071				—				—
Mortgage		10,038				5,402				(4,582	)			10,858				82,947				93,805				(127	)			(4,455	)
Leasing		1,097				1,611				(1,710	)			998				(19,128	)			(18,130	)			(1,710	)			—
Consumer:
Credit cards		(293	)			(233	)			(2,028	)			(2,554	)			26,372				23,818				—				(2,028	)
Home equity lines of credit		—				(120	)			—				(120	)			74				(46	)			—				—
Personal		(817	)			(423	)			629				(611	)			45,566				44,955				850				(221	)
Auto		18,653				6,514				(3,916	)			21,251				(38,507	)			(17,256	)			(3,916	)			—
Other		(247	)			661				(794	)			(380	)			(2,959	)			(3,339	)			(683	)			(111	)
Total	$	21,639			$	4,825			$	(58,918	)		$	(32,454	)		$	332,377			$	299,923			$	(52,449	)		$	(6,469	)

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table J - Loan Delinquency - Popular U.S. Operations
(Unaudited)
30-Jun-26
Popular U.S.
	Past due																				Past due 90 days or more
(In thousands)	30-59 days			60-89 days			90 days or more			Total past due			Current				Loans HIP				Non-accrual loans			Accruing loans
Commercial multi-family	$	5,166		$	—		$	8,931		$	14,097		$	2,039,368			$	2,053,465			$	8,931		$	—
Commercial real estate:																									—
Non-owner occupied		1,600			3,391			6,950			11,941			2,287,839				2,299,780				6,950			—
Owner occupied		994			1,438			8,865			11,297			2,088,724				2,100,021				8,865			—
Commercial and industrial		5,672			58			6,737			12,467			2,598,549				2,611,016				6,563			174
Construction		—			12,491			—			12,491			1,293,734				1,306,225				—			—
Mortgage		898			2,773			10,233			13,904			1,236,880				1,250,784				10,233			—
Consumer:																									—
Credit cards		—			—			—			—			(13	)			(13	)			—			—
Home equity lines of credit		912			119			3,320			4,351			79,154				83,505				3,320			—
Personal		513			656			751			1,920			54,786				56,706				751			—
Other		441			—			—			441			11,096				11,537				—			—
Total	$	16,196		$	20,926		$	45,787		$	82,909		$	11,690,117			$	11,773,026			$	45,613		$	174

31-Mar-26
Popular U.S.
	Past due																		Past due 90 days or more
(In thousands)	30-59 days			60-89 days			90 days or more			Total past due			Current			Loans HIP			Non-accrual loans			Accruing loans
Commercial multi-family	$	5,733		$	—		$	10,962		$	16,695		$	2,067,509		$	2,084,204		$	10,962		$	—
Commercial real estate:																							—
Non-owner occupied		10,282			1,930			6,987			19,199			2,132,061			2,151,260			6,987			—
Owner occupied		21,202			1,610			—			22,812			2,041,333			2,064,145			—			—
Commercial and industrial		11,660			4,404			6,693			22,757			2,602,537			2,625,294			6,524			169
Construction		6,903			—			—			6,903			1,254,511			1,261,414			—			—
Mortgage		25,877			1,552			9,700			37,129			1,239,487			1,276,616			9,700			—
Consumer:																							—
Credit cards		—			—			—			—			7			7			—			—
Home equity lines of credit		660			252			2,766			3,678			74,188			77,866			2,766			—
Personal		1,062			523			905			2,490			59,727			62,217			905			—
Other		2			—			—			2			9,764			9,766			—			—
Total	$	83,381		$	10,271		$	38,013		$	131,665		$	11,481,124		$	11,612,789		$	37,844		$	169

Variance
	Past due																								Past due 90 days or more
(In thousands)	30-59 days				60-89 days				90 days or more				Total past due				Current				Loans HIP				Non-accrual loans				Accruing loans
Commercial multi-family	$	(567	)		$	—			$	(2,031	)		$	(2,598	)		$	(28,141	)		$	(30,739	)		$	(2,031	)		$	—
Commercial real estate:
Non-owner occupied		(8,682	)			1,461				(37	)			(7,258	)			155,778				148,520				(37	)			—
Owner occupied		(20,208	)			(172	)			8,865				(11,515	)			47,391				35,876				8,865				—
Commercial and industrial		(5,988	)			(4,346	)			44				(10,290	)			(3,988	)			(14,278	)			39				5
Construction		(6,903	)			12,491				—				5,588				39,223				44,811				—				—
Mortgage		(24,979	)			1,221				533				(23,225	)			(2,607	)			(25,832	)			533				—
Consumer:		—				—				—				—				—				—				—				—
Credit cards		—				—				—				—				(20	)			(20	)			—				—
Home equity lines of credit		252				(133	)			554				673				4,966				5,639				554				—
Personal		(549	)			133				(154	)			(570	)			(4,941	)			(5,511	)			(154	)			—
Other		439				—				—				439				1,332				1,771				—				—
Total	$	(67,185	)		$	10,655			$	7,774			$	(48,756	)		$	208,993			$	160,237			$	7,769			$	5

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table K - Loan Delinquency - Consolidated
(Unaudited)
30-Jun-26
Popular, Inc.
	Past due																		Past due 90 days or more
(In thousands)	30-59 days			60-89 days			90 days or more			Total past due			Current			Loans HIP			Non-accrual loans			Accruing loans
Commercial multi-family	$	15,889		$	—		$	8,931		$	24,820		$	2,374,604		$	2,399,424		$	8,931		$	—
Commercial real estate:
Non-owner occupied		4,350			3,551			32,966			40,867			5,580,008			5,620,875			32,966			—
Owner occupied		3,047			1,438			24,239			28,724			3,227,978			3,256,702			24,239			—
Commercial and industrial		10,735			2,142			149,684			162,561			8,611,523			8,774,084			144,952			4,732
Construction		—			12,491			—			12,491			1,719,584			1,732,075			—			—
Mortgage		228,980			110,993			330,972			670,945			8,109,389			8,780,334			139,473			191,499
Leasing		22,358			5,549			7,182			35,089			1,932,946			1,968,035			7,182			—
Consumer:
Credit cards		12,058			8,488			23,367			43,913			1,194,084			1,237,997			—			23,367
Home equity lines of credit		912			119			3,320			4,351			81,006			85,357			3,320			—
Personal		18,297			11,445			17,356			47,098			1,905,627			1,952,725			17,356			—
Auto		99,765			19,552			31,474			150,791			3,615,857			3,766,648			31,474			—
Other		768			796			3,869			5,433			170,173			175,606			3,544			325
Total	$	417,159		$	176,564		$	633,360		$	1,227,083		$	38,522,779		$	39,749,862		$	413,437		$	219,923

31-Mar-26
Popular, Inc.
	Past due																		Past due 90 days or more
(In thousands)	30-59 days			60-89 days			90 days or more			Total past due			Current			Loans HIP			Non-accrual loans			Accruing loans
Commercial multi-family	$	8,450		$	7,927		$	10,962		$	27,339		$	2,399,956		$	2,427,295		$	10,962		$	—
Commercial real estate:
Non-owner occupied		13,405			1,930			33,444			48,779			5,494,672			5,543,451			33,444			—
Owner occupied		23,316			2,274			14,192			39,782			3,172,574			3,212,356			14,192			—
Commercial and industrial		17,452			6,644			196,898			220,994			8,344,565			8,565,559			192,517			4,381
Construction		20,538			—			—			20,538			1,653,655			1,674,193			—			—
Mortgage		243,921			104,370			335,021			683,312			8,029,049			8,712,361			139,067			195,954
Leasing		21,261			3,938			8,892			34,091			1,952,074			1,986,165			8,892			—
Consumer:
Credit cards		12,351			8,721			25,395			46,467			1,167,732			1,214,199			—			25,395
Home equity lines of credit		660			372			2,766			3,798			75,966			79,764			2,766			—
Personal		19,663			11,735			16,881			48,279			1,865,002			1,913,281			16,660			221
Auto		81,112			13,038			35,390			129,540			3,654,364			3,783,904			35,390			—
Other		576			135			4,663			5,374			171,800			177,174			4,227			436
Total	$	462,705		$	161,084		$	684,504		$	1,308,293		$	37,981,409		$	39,289,702		$	458,117		$	226,387

Variance
	Past due																								Past due 90 days or more
(In thousands)	30-59 days				60-89 days				90 days or more				Total past due				Current				Loans HIP				Non-accrual loans				Accruing loans
Commercial multi-family	$	7,439			$	(7,927	)		$	(2,031	)		$	(2,519	)		$	(25,352	)		$	(27,871	)		$	(2,031	)		$	—
Commercial real estate:
Non-owner occupied		(9,055	)			1,621				(478	)			(7,912	)			85,336				77,424				(478	)			—
Owner occupied		(20,269	)			(836	)			10,047				(11,058	)			55,404				44,346				10,047				—
Commercial and industrial		(6,717	)			(4,502	)			(47,214	)			(58,433	)			266,958				208,525				(47,565	)			351
Construction		(20,538	)			12,491				—				(8,047	)			65,929				57,882				—				—
Mortgage		(14,941	)			6,623				(4,049	)			(12,367	)			80,340				67,973				406				(4,455	)
Leasing		1,097				1,611				(1,710	)			998				(19,128	)			(18,130	)			(1,710	)			—
Consumer:
Credit cards		(293	)			(233	)			(2,028	)			(2,554	)			26,352				23,798				—				(2,028	)
Home equity lines of credit		252				(253	)			554				553				5,040				5,593				554				—
Personal		(1,366	)			(290	)			475				(1,181	)			40,625				39,444				696				(221	)
Auto		18,653				6,514				(3,916	)			21,251				(38,507	)			(17,256	)			(3,916	)			—
Other		192				661				(794	)			59				(1,627	)			(1,568	)			(683	)			(111	)
Total	$	(45,546	)		$	15,480			$	(51,144	)		$	(81,210	)		$	541,370			$	460,160			$	(44,680	)		$	(6,464	)

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table L - Non-Performing Assets
(Unaudited)
																							Variance
(Dollars in thousands)		30-Jun-26				As a % of loans HIP by category			31-Mar-26				As a % of loans HIP by category			30-Jun-25				As a % of loans HIP by category			Q2 2026 vs. Q1 2026				Q2 2026 vs. Q2 2025
Non-accrual loans:
Commercial
Commercial multi-family		$	8,931			0.4	%		$	10,962			0.5	%		$	10,925			0.4	%		$	(2,031	)		$	(1,994	)
Commercial real estate non-owner occupied			32,966			0.6				33,444			0.6				13,977			0.3				(478	)			18,989
Commercial real estate owner occupied			24,239			0.7				14,192			0.4				27,551			0.9				10,047				(3,312	)
Commercial and industrial			144,952			1.7				192,517			2.2				11,424			0.1				(47,565	)			133,528
Total Commercial			211,088			1.1				251,115			1.3				63,877			0.3				(40,027	)			147,211
Mortgage			139,473			1.6				139,067			1.6				175,516			2.1				406				(36,043	)
Leasing			7,182			0.4				8,892			0.4				7,976			0.4				(1,710	)			(794	)
Consumer
Home equity lines of credit			3,320			3.9				2,766			3.5				3,120			4.0				554				200
Personal			17,356			0.9				16,660			0.9				18,593			1.0				696				(1,237	)
Auto			31,474			0.8				35,390			0.9				40,595			1.1				(3,916	)			(9,121	)
Other			3,544			2.0				4,227			2.4				1,948			1.2				(683	)			1,596
Total Consumer			55,694			0.8				59,043			0.8				64,256			0.9				(3,349	)			(8,562	)
Total non-performing loans held-in-portfolio			413,437			1.0	%			458,117			1.2	%			311,625			0.8	%			(44,680	)			101,812
Non-performing loans held-for-sale			83,700							—							—							83,700				83,700
Other real estate owned (“OREO”)			49,557							45,680							46,126							3,877				3,431
Total non-performing assets			546,694							503,797							357,751							42,897				188,943
Accruing loans past due 90 days or more [1]			219,923							226,387							206,394							(6,464	)			13,529
Ratios:
Non-performing assets to total assets			0.69	%						0.66	%						0.47	%
Non-performing loans held-in-portfolio to loans held-in-portfolio			1.04							1.17							0.82
Allowance for credit losses to loans held-in-portfolio			1.97							2.10							2.02
Allowance for credit losses to non-performing loans, excluding loans held-for-sale			189.83							179.81							246.93
[1] It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or guaranteed by the VA as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured. These balances include $40 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of June 2026 (March 2026 - $43 million ; June 2025 - $52 million). Furthermore, the Corporation has approximately $25 million reverse mortgage loans which are guaranteed by FHA, as of June 2026 . Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets (March 2026 - $26 million ; June 2025 - $29 million ).

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table M - Activity in Non-Performing Loans
(Unaudited)
Commercial loans held-in-portfolio:
	Quarter ended												Quarter ended
	30-Jun-26												31-Mar-26
(In thousands)	BPPR				Popular U.S.				Popular, Inc.				BPPR				Popular U.S.				Popular, Inc.
Beginning balance NPLs	$	226,642			$	24,473			$	251,115			$	244,285			$	22,154			$	266,439
Plus:
New non-performing loans		136,095				16,382				152,477				5,004				3,205				8,209
Advances on existing non-performing loans		—				62				62				—				170				170
Less:
Non-performing loans transferred to OREO		(301	)			—				(301	)			(650	)			—				(650	)
Non-performing loans charged-off		(73,035	)			(1,571	)			(74,606	)			(11,661	)			(3	)			(11,664	)
Loans returned to accrual status / loan collections		(25,922	)			(8,037	)			(33,959	)			(10,336	)			(1,053	)			(11,389	)
Loans transferred to held-for-sale		(83,700	)			—				(83,700	)			—				—				—
Ending balance NPLs	$	179,779			$	31,309			$	211,088			$	226,642			$	24,473			$	251,115

Mortgage loans held-in-portfolio:
	Quarter ended												Quarter ended
	30-Jun-26												31-Mar-26
(In thousands)	BPPR				Popular U.S.				Popular, Inc.				BPPR				Popular U.S.				Popular, Inc.
Beginning balance NPLs	$	129,367			$	9,700			$	139,067			$	132,373			$	13,422			$	145,795
Plus:
New non-performing loans		30,664				3,251				33,915				38,457				2,528				40,985
Advances on existing non-performing loans		—				4				4				—				11				11
Less:
Non-performing loans transferred to OREO		(1,985	)			—				(1,985	)			(2,461	)			—				(2,461	)
Non-performing loans charged-off		119				(9	)			110				(540	)			(21	)			(561	)
Loans returned to accrual status / loan collections		(28,925	)			(2,713	)			(31,638	)			(38,462	)			(6,240	)			(44,702	)
Ending balance NPLs	$	129,240			$	10,233			$	139,473			$	129,367			$	9,700			$	139,067

Total non-performing loans held-in-portfolio (excluding consumer):
	Quarter ended												Quarter ended
	30-Jun-26												31-Mar-26
(In thousands)	BPPR				Popular U.S.				Popular, Inc.				BPPR				Popular U.S.				Popular, Inc.
Beginning balance NPLs	$	356,009			$	34,173			$	390,182			$	376,658			$	35,576			$	412,234
Plus:
New non-performing loans		166,759				19,633				186,392				43,461				5,733				49,194
Advances on existing non-performing loans		—				66				66				—				181				181
Less:
Non-performing loans transferred to OREO		(2,286	)			—				(2,286	)			(3,111	)			—				(3,111	)
Non-performing loans charged-off		(72,916	)			(1,580	)			(74,496	)			(12,201	)			(24	)			(12,225	)
Loans returned to accrual status / loan collections		(54,847	)			(10,750	)			(65,597	)			(48,798	)			(7,293	)			(56,091	)
Loans transferred to held-for-sale		(83,700	)			—				(83,700	)			—				—				—
Ending balance NPLs	$	309,019			$	41,542			$	350,561			$	356,009			$	34,173			$	390,182

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table N - Allowance for Credit Losses, Net Charge-offs and Related Ratios
(Unaudited)
	Quarters ended
(In thousands)	30-Jun-26				31-Mar-26				30-Jun-25
Balance at beginning of period - loans held-in-portfolio	$	823,729			$	808,056			$	762,148
Provision for credit losses		65,154				75,689				49,539
Initial allowance for credit losses - PCD Loans		2				7				—
		888,885				883,752				811,687
Net loans charge-off (recovered)- BPPR
Commercial:
Commercial multi-family		—				(2	)			(6	)
Commercial real estate non-owner occupied		(4,102	)			11,115				(451	)
Commercial real estate owner occupied		(2,063	)			(355	)			(1,005	)
Commercial and industrial		73,406				731				1,436
Total Commercial		67,241				11,489				(26	)
Construction		—				(11	)			—
Mortgage		(4,922	)			(2,316	)			(2,429	)
Leasing		1,840				2,569				2,736
Consumer:
Credit cards		14,300				16,053				17,311
Home equity lines of credit		(44	)			(91	)			(307	)
Personal		16,143				17,949				15,776
Auto		5,808				12,826				6,557
Other Consumer		1,322				522				546
Total Consumer		37,529				47,259				39,883
Total net charged-off BPPR	$	101,688			$	58,990			$	40,164
Net loans charge-off (recovered) - Popular U.S.
Commercial:
Commercial multi-family		1,312				—				563
Commercial real estate owner occupied		(139	)			(115	)			(26	)
Commercial and industrial		87				(15	)			(205	)
Total Commercial		1,260				(130	)			332
Construction		—				—				—
Mortgage		(31	)			(28	)			(32	)
Consumer:
Credit cards		1				—				—
Home equity lines of credit		(106	)			(234	)			(579	)
Personal		1,233				1,422				2,305
Other Consumer		8				3				12
Total Consumer		1,136				1,191				1,738
Total net charged-off Popular U.S.	$	2,365			$	1,033			$	2,038
Total loans net charged-off - Popular, Inc.	$	104,053			$	60,023			$	42,202
Balance at end of period - loans held-in-portfolio	$	784,832			$	823,729			$	769,485
Balance at beginning of period - unfunded commitments	$	14,547			$	14,438			$	14,169
Provision for credit losses (benefit)		389				109				(1,116	)
Balance at end of period - unfunded commitments [1]	$	14,936			$	14,547			$	13,053
POPULAR, INC.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio		1.05	%			0.61	%			0.45	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs		62.62	%			126.10	%			117.39	%
BPPR
Annualized net charge-offs (recoveries) to average loans held-in-portfolio		1.46	%			0.85	%			0.61	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs		60.71	%			124.25	%			107.43	%
Popular U.S.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio		0.08	%			0.04	%			0.07	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs		144.44	%			231.46	%			313.49	%
[1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table O - Allowance for Credit Losses “ACL”- Loan Portfolios - BPPR Operations
(Unaudited)
30-Jun-26
BPPR
(Dollars in thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	4,069		$	345,959		1.18	%
Commercial real estate - non-owner occupied		40,179			3,321,095		1.21	%
Commercial real estate - owner occupied		35,549			1,156,681		3.07	%
Commercial and industrial		166,787			6,163,068		2.71	%
Total commercial	$	246,584		$	10,986,803		2.24	%
Construction		4,803			425,850		1.13	%
Mortgage		70,498			7,529,550		0.94	%
Leasing		17,627			1,968,035		0.90	%
Consumer:
Credit cards		84,817			1,238,010		6.85	%
Home equity lines of credit		52			1,852		2.81	%
Personal		96,014			1,896,019		5.06	%
Auto		164,543			3,766,648		4.37	%
Other		7,349			164,069		4.48	%
Total consumer	$	352,775		$	7,066,598		4.99	%
Total	$	692,287		$	27,976,836		2.47	%

31-Mar-26
BPPR
(Dollars in thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	4,704		$	343,091		1.37	%
Commercial real estate - non-owner occupied		48,881			3,392,191		1.44	%
Commercial real estate - owner occupied		35,403			1,148,211		3.08	%
Commercial and industrial		179,980			5,940,265		3.03	%
Total commercial	$	268,968		$	10,823,758		2.48	%
Construction		5,767			412,779		1.40	%
Mortgage		73,761			7,435,745		0.99	%
Leasing		18,588			1,986,165		0.94	%
Consumer:
Credit cards		89,376			1,214,192		7.36	%
Home equity lines of credit		67			1,898		3.53	%
Personal		97,457			1,851,064		5.26	%
Auto		170,544			3,783,904		4.51	%
Other		7,707			167,408		4.60	%
Total consumer	$	365,151		$	7,018,466		5.20	%
Total	$	732,235		$	27,676,913		2.65	%

Variance
(Dollars in thousands)	Total ACL				Total loans held-in-portfolio				ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	(635	)		$	2,868			(0.19	%)
Commercial real estate - non-owner occupied		(8,702	)			(71,096	)		(0.23	%)
Commercial real estate - owner occupied		146				8,470			(0.01	%)
Commercial and industrial		(13,193	)			222,803			(0.32	)%
Total commercial	$	(22,384	)		$	163,045			(0.24	)%
Construction		(964	)			13,071			(0.27	%)
Mortgage		(3,263	)			93,805			(0.05	)%
Leasing		(961	)			(18,130	)		(0.04	)%
Consumer:
Credit cards		(4,559	)			23,818			(0.51	)%
Home equity lines of credit		(15	)			(46	)		(0.72	%)
Personal		(1,443	)			44,955			(0.20	%)
Auto		(6,001	)			(17,256	)		(0.14	%)
Other		(358	)			(3,339	)		(0.12	%)
Total consumer	$	(12,376	)		$	48,132			(0.21	%)
Total	$	(39,948	)		$	299,923			(0.18	)%

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table P - Allowance for Credit Losses “ACL”- Loan Portfolios - POPULAR U.S. Operations
(Unaudited)
30-Jun-26
Popular U.S.
(Dollars in thousands)	Total ACL			Total loans held-in-portfolio				ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	14,850		$	2,053,465			0.72	%
Commercial real estate - non-owner occupied		15,631			2,299,780			0.68	%
Commercial real estate - owner occupied		17,090			2,100,021			0.81	%
Commercial and industrial		18,609			2,611,016			0.71	%
Total commercial	$	66,180		$	9,064,282			0.73	%
Construction		9,557			1,306,225			0.73	%
Mortgage		9,024			1,250,784			0.72	%
Consumer:
Credit cards		—			(13	)		-	%
Home equity lines of credit		1,371			83,505			1.64	%
Personal		6,408			56,706			11.30	%
Other		5			11,537			0.04	%
Total consumer	$	7,784		$	151,735			5.13	%
Total	$	92,545		$	11,773,026			0.79	%

31-Mar-26
Popular U.S.
(Dollars in thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	15,365		$	2,084,204		0.74	%
Commercial real estate - non-owner occupied		15,265			2,151,260		0.71	%
Commercial real estate - owner occupied		15,713			2,064,145		0.76	%
Commercial and industrial		17,496			2,625,294		0.67	%
Total commercial	$	63,839		$	8,924,903		0.72	%
Construction		9,393			1,261,414		0.74	%
Mortgage		9,863			1,276,616		0.77	%
Consumer:
Credit cards		—			7		—	%
Home equity lines of credit		1,111			77,866		1.43	%
Personal		7,282			62,217		11.70	%
Other		6			9,766		0.06	%
Total consumer	$	8,399		$	149,856		5.60	%
Total	$	91,494		$	11,612,789		0.79	%

Variance
(Dollars in thousands)	Total ACL				Total loans held-in-portfolio				ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	(515	)		$	(30,739	)		(0.01	%)
Commercial real estate - non-owner occupied		366				148,520			(0.03	%)
Commercial real estate - owner occupied		1,377				35,876			0.05	%
Commercial and industrial		1,113				(14,278	)		0.05	%
Total commercial	$	2,341			$	139,379			0.01	%
Construction		164				44,811			(0.01	%)
Mortgage		(839	)			(25,832	)		(0.05	%)
Consumer:
Credit cards		—				(20	)		—	%
Home equity lines of credit		260				5,639			0.22	%
Personal		(874	)			(5,511	)		(0.40	%)
Other		(1	)			1,771			(0.02	%)
Total consumer	$	(615	)		$	1,879			(0.47	)%
Total	$	1,051			$	160,237			—	%

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table Q - Allowance for Credit Losses “ACL”- Loan Portfolios - Consolidated
(Unaudited)
30-Jun-26
Pop Inc.
(Dollars in thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	18,919		$	2,399,424		0.79	%
Commercial real estate - non-owner occupied		55,810			5,620,875		0.99	%
Commercial real estate - owner occupied		52,639			3,256,702		1.62	%
Commercial and industrial		185,396			8,774,084		2.11	%
Total commercial	$	312,764		$	20,051,085		1.56	%
Construction		14,360			1,732,075		0.83	%
Mortgage		79,522			8,780,334		0.91	%
Leasing		17,627			1,968,035		0.90	%
Consumer:
Credit cards		84,817			1,237,997		6.85	%
Home equity lines of credit		1,423			85,357		1.67	%
Personal		102,422			1,952,725		5.25	%
Auto		164,543			3,766,648		4.37	%
Other		7,354			175,606		4.19	%
Total consumer	$	360,559		$	7,218,333		5.00	%
Total	$	784,832		$	39,749,862		1.97	%

31-Mar-26
Pop Inc.
(Dollars in thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	20,069		$	2,427,295		0.83	%
Commercial real estate - non-owner occupied		64,146			5,543,451		1.16	%
Commercial real estate - owner occupied		51,116			3,212,356		1.59	%
Commercial and industrial		197,476			8,565,559		2.31	%
Total commercial	$	332,807		$	19,748,661		1.69	%
Construction		15,160			1,674,193		0.91	%
Mortgage		83,624			8,712,361		0.96	%
Leasing		18,588			1,986,165		0.94	%
Consumer:
Credit cards		89,376			1,214,199		7.36	%
Home equity lines of credit		1,178			79,764		1.48	%
Personal		104,739			1,913,281		5.47	%
Auto		170,544			3,783,904		4.51	%
Other		7,713			177,174		4.35	%
Total consumer	$	373,550		$	7,168,322		5.21	%
Total	$	823,729		$	39,289,702		2.10	%

Variance
(Dollars in thousands)	Total ACL				Total loans held-in-portfolio				ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	(1,150	)		$	(27,871	)		(0.04	%)
Commercial real estate - non-owner occupied		(8,336	)			77,424			(0.16	%)
Commercial real estate - owner occupied		1,523				44,346			0.03	%
Commercial and industrial		(12,080	)			208,525			(0.19	)%
Total commercial	$	(20,043	)		$	302,424			(0.13	)%
Construction		(800	)			57,882			(0.08	%)
Mortgage		(4,102	)			67,973			(0.05	)%
Leasing		(961	)			(18,130	)		(0.04	)%
Consumer:
Credit cards		(4,559	)			23,798			(0.51	)%
Home equity lines of credit		245				5,593			0.19	%
Personal		(2,317	)			39,444			(0.23	%)
Auto		(6,001	)			(17,256	)		(0.14	%)
Other		(359	)			(1,568	)		(0.17	%)
Total consumer	$	(12,991	)		$	50,011			(0.22	%)
Total	$	(38,897	)		$	460,160			(0.12	)%

Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table R - Reconciliation to GAAP Financial Measures
(Unaudited)
	Quarters ended
(In thousands, except share or per share information)	30-Jun-26			31-Mar-26			30-Jun-25
Total stockholders’ equity	$	6,433,005		$	6,311,086		$	5,954,018
Less: Preferred stock		(22,143	)		(22,143	)		(22,143	)
Less: Goodwill		(789,954	)		(789,954	)		(802,954	)
Less: Other intangibles		(4,308	)		(4,692	)		(5,844	)
Total tangible common equity	$	5,616,600		$	5,494,297		$	5,123,077
Total assets	$	78,972,300		$	76,131,018		$	76,065,090
Less: Goodwill		(789,954	)		(789,954	)		(802,954	)
Less: Other intangibles		(4,308	)		(4,692	)		(5,844	)
Total tangible assets	$	78,178,038		$	75,336,372		$	75,256,292
Tangible common equity to tangible assets		7.18	%		7.29	%		6.81	%
Common shares outstanding at end of period		63,866,681			64,654,788			67,937,468
Tangible book value per common share	$	87.94		$	84.98		$	75.41

	Quarterly average
	30-Jun-26			31-Mar-26			30-Jun-25
Total stockholders’ equity	$	6,354,694		$	6,289,337		$	6,755,783		[1]
Less: Preferred Stock		(22,143	)		(22,143	)		(22,143	)
Less: Goodwill		(789,954	)		(789,954	)		(802,953	)
Less: Other intangibles		(4,559	)		(4,944	)		(6,096	)
Total tangible common equity before adjusting for the impact of unrealized (gains) losses on AFS securities including those transferred to HTM	$	5,538,038		$	5,472,296		$	5,924,591
Return on average tangible common equity before adjusting for the impact of unrealized (gains) losses on AFS securities including those transferred to HTM		20.12	%		18.18	%		14.38	%
Add: Average unrealized (gains) losses on AFS securities		824,631			743,809			94,006
Add: Average unrealized (gains) losses on AFS securities transferred to HTM		184,136			221,114			334,183
Total tangible common equity after adding back of impact of unrealized (gains) losses on AFS securities, including those transferred to HTM	$	6,546,805		$	6,437,219		$	6,352,780
ROTCE		17.02	%		15.46	%		13.26	%
[1] Average balances exclude certain unrealized gains or losses on debt securities available-for-sale.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260723586408/en/

Popular, Inc.
Investor Relations:
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Senior Vice President and Investor Relations Officer
pcardillo@popular.com
or
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Source: Popular, Inc.