Popular, Inc. Announces Third Quarter 2026 Financial Results

Share repurchases and a higher dividend accompanied sequentially lower earnings and a rise in the non-performing loan ratio.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Positive)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

earnings

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

10/22/2026 - 07:00 AM EDT

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
($ in millions, except per share information)	30-Sep-26			30-Jun-26			Δ vs 30-Jun-26			30-Sep-25			Δ vs 30-Sep-25
EARNINGS
Net Income	$	266		$	278		$	(12	)	$	211		$	55
PER SHARE DATA
Basic EPS	$	4.21		$	4.35		$	(0.14	)	$	3.15		$	1.06
Diluted EPS	$	4.21		$	4.35		$	(0.14	)	$	3.14		$	1.07
Tangible Book Value / Share (non-GAAP)	$	86.30		$	87.94		$	(1.64	)	$	79.12		$	7.18
FINANCIAL CONDITION
Total Assets	$	77,759		$	78,972		$	(1,213	)	$	75,066		$	2,693
Loans Held in Portfolio	$	40,043		$	39,750		$	293		$	38,687		$	1,356
Deposits	$	68,705		$	70,233		$	(1,528	)	$	66,513		$	2,192
Borrowings	$	1,325		$	1,463		$	(138	)	$	1,247		$	78
CREDIT QUALITY
Non-Performing Loans	$	466		$	413		$	53		$	502		$	(36	)
NPL Ratio		1.16	%		1.04	%	12 bps				1.30	%	-14 bps
NCO Ratio		0.73	%		1.05	%	-32 bps				0.60	%	13 bps
ACL / Total Loans		1.92	%		1.97	%	-5 bps				2.03	%	-11 bps
ACL / NPLs		165	%		190	%		(25	)%		157	%		8	%
CAPITAL & LIQUIDITY
Common Equity Tier 1		16.06	%		16.08	%	-2 bps				15.79	%	27 bps
Tier 1 Risk-Based Capital		16.12	%		16.13	%	-1 bps				15.84	%	28 bps
Total Risk-Based Capital		17.84	%		17.85	%	-1 bps				17.58	%	26 bps
Tier 1 Leverage		8.52	%		8.57	%	-5 bps				8.48	%	4 bps
Capital Returned to Shareholders	$	236		$	174		$	62		$	170		$	66
FINANCIAL RATIOS
Net Interest Margin ("NIM")		3.63	%		3.66	%	-3 bps				3.51	%	12 bps
NIM (FTE) (non-GAAP)		4.16	%		4.17	%	-1 bps				3.90	%	26 bps
Total Deposit Costs		1.64	%		1.57	%	7 bps				1.79	%	-15 bps
ROTCE (non-GAAP)		15.80	%		17.02	%	-122 bps				13.06	%	274 bps
ROA		1.32	%		1.41	%	-9 bps				1.09	%	23 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

Jorge J. García, President and Chief Executive Officer, said:

"We are pleased with our third quarter results. Our financial performance was solid, and we continued to advance our three strategic objectives: being the number one bank for our customers, being simple and efficient, and being a top-performing bank."

"We reported earnings per share of $4.21, 3% lower than the second quarter and 34% higher than the third quarter of 2025, and a ROTCE of 15.80%. These results reflected higher net interest income, stable underlying credit trends and continued capital return, partially offset by higher operating expenses and lower non-interest income. During the quarter, we repurchased $179 million of common stock and declared a 20% increase in our quarterly common stock dividend to $0.90 per share."

"Business activity in Puerto Rico remains healthy, supported by a strong labor market. Credit metrics continue to be stable while we remain attentive to economic conditions, given the potential impact of prolonged inflation and higher cost of fuel and energy."

"It is a privilege to step into this role with a strong capital position, a solid banking franchise, a talented team and meaningful momentum. Our responsibility is to build on those strengths and continue creating long-term value for our customers, shareholders, colleagues, and communities."

"I am grateful to our team for their commitment and the results they deliver every day."

EARNINGS HIGHLIGHTS

	Quarters ended
(Dollars in thousands)	30-Sep-26		30-Jun-26		Δ vs 30-Jun-26			30-Sep-25		Δ vs 30-Sep-25
Net interest income	$	698,930	$	693,419	$	5,511		$	646,505	$	52,425
Provision for credit losses		58,593		65,873		(7,280	)		75,125		(16,532	)
Net interest income after provision for credit losses		640,337		627,546		12,791			571,380		68,957
Non-Interest Income		175,658		180,545		(4,887	)		171,195		4,463
Operating expenses		505,590		484,130		21,460			495,287		10,303
Income before income tax		310,405		323,961		(13,556	)		247,288		63,117
Income tax expense		44,071		45,747		(1,676	)		35,971		8,100
Net income	$	266,334	$	278,214	$	(11,880	)	$	211,317	$	55,017
Net income per common share-basic	$	4.21	$	4.35	$	(0.14	)	$	3.15	$	1.06
Net income per common share-diluted	$	4.21	$	4.35	$	(0.14	)	$	3.14	$	1.07

NET INTEREST INCOME (“NII”) AND NET INTEREST MARGIN (“NIM”)

(Dollars in thousands)	Quarters ended
Popular, Inc.	30-Sep-26			30-Jun-26			Δ vs 30-Jun-26		30-Sep-25			Δ vs 30-Sep-25
Net interest income	$	698,930		$	693,419		$	5,511	$	646,505		$	52,425
Net interest margin		3.63	%		3.66	%	-3 bps			3.51	%	12 bps
Net interest margin FTE [1]		4.16	%		4.17	%	-1 bps			3.90	%	26 bps
Total deposit costs		1.64	%		1.57	%	7 bps			1.79	%	-15 bps
Core deposit costs (ex. P.R. public deposits)		1.13	%		1.10	%	3 bps			1.17	%	-4 bps
Loan yields FTE [1]		7.56	%		7.53	%	3 bps			7.49	%	7 bps
Money market and investment securities yield FTE [1]		3.82	%		3.69	%	13 bps			3.59	%	23 bps
Banco Popular de Puerto Rico ("BPPR") Segment
Net interest income	$	592,006		$	589,922		$	2,084	$	550,716		$	41,290
Net interest margin		3.81	%		3.85	%	-4 bps			3.71	%	10 bps
Total deposit costs		1.41	%		1.32	%	9 bps			1.53	%	-12 bps
Popular Bank ("PB" or "Popular US") Segment
Net interest income	$	116,659		$	113,076		$	3,583	$	105,203		$	11,456
Net interest margin		3.20	%		3.17	%	3 bps			2.94	%	26 bps
Total deposit costs		2.74	%		2.73	%	1 bps			2.96	%	-22 bps
[1] Refer to non-GAAP measures section in this earnings release.

Popular, Inc. – Net interest income ("NII") of $699 million increased $6 million from Q2 2026, driven by higher income from investment securities and commercial loans, as well as the impact of one additional day in the quarter. The increase was partially offset by higher interest expense on deposits, primarily reflecting higher average balances of public deposits and higher rates on such deposits. Average earning assets increased $677 million, primarily attributable to higher U.S. Treasury securities balances due to re-investment of maturities at higher yields, coupled with higher average commercial loans. Total average deposits increased by $502 million, driven by an average increase of $1.1 billion in Puerto Rico public deposits, partially offset by average decreases of $280 million in savings accounts, mainly retail deposits, and $362 million in non-interest-bearing demand deposits. Excluding P.R. public deposits, total average deposits decreased by $619 million.

Net interest margin ("NIM") decreased three basis points to 3.63%. Loan yields increased by one basis point to 7.24%. Deposit costs increased by seven basis points to 1.64%. Excluding P.R. public deposits, deposit costs increased three basis points to 1.13%. The additional day in the quarter contributed $6 million to net interest income in Q3 2026.

NII fully taxable equivalent ("FTE") and NIM FTE (Non-GAAP) – NII FTE of $802 million increased $13 million from Q2 2026, while NIM FTE decreased 1 basis point to 4.16%. Money market and investment securities yields FTE increased by 13 basis points, mainly driven by purchases and re-investment of maturities into higher yielding U.S. Treasury securities. Loan yields FTE increased by three basis points to 7.56%.

Interest income on a taxable equivalent basis is presented to show the effect of tax-exempt interest income from U.S. Treasury securities, certain GNMA securities and certain loans in BPPR's portfolios that are exempt from Puerto Rico income taxes.

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

Banco Popular de Puerto Rico ("BPPR") Segment – NII of $592 million increased $2 million from Q2 2026. The increase was primarily due to an increase in income from money market and investment securities by $14 million or 10 basis points as a result of higher average balances and higher yields of U.S. Treasury securities and higher income from loans by $5 million, driven by higher average balances, mainly in the mortgage and personal loans portfolios and by one additional day in the quarter. Higher interest expense on deposits of $17 million was primarily due to higher average balances on the market-linked P.R. public deposits by $1.1 billion and an 11 basis points increase in the rates of those deposits. NIM declined four basis points during Q3 2026 to 3.81%. Deposit costs increased by nine basis points to 1.41%, including the costs of P.R. public deposits which increased 11 basis points to 2.72% for the period. Excluding P.R. public deposits, deposit costs increased by two basis points.

Popular Bank ("PB") Segment – NII of $117 million increased $4 million, or 3%, from Q2 2026. The increase was mainly due to higher income from loans by $6 million, mainly due to commercial loans with higher income by $8 million and higher yields by 11 basis points, driven by new originations carrying higher yields, partially offset by higher interest expense by $1 million attributable to higher average balances on time deposits. NIM expanded three basis points to 3.20%. Deposit costs increased by one basis point to 2.74%.

NON-INTEREST INCOME

	Quarters ended
(Dollars in thousands)	30-Sep-26		30-Jun-26		Δ vs 30-Jun-26			30-Sep-25		Δ vs 30-Sep-25
Service charges on deposits	$	37,106	$	39,037	$	(1,931	)	$	39,077	$	(1,971	)
Debit card fees		30,841		31,538		(697	)		28,084		2,757
Credit card fees		35,270		34,783		487			32,668		2,602
Other fees		12,662		12,136		526			11,172		1,490
Banking fees	$	115,879	$	117,494	$	(1,615	)	$	111,001	$	4,878
Insurance fees		12,893		12,586		307			12,995		(102	)
Brokerage and asset management fees		11,007		9,998		1,009			9,459		1,548
Trust fees		7,911		7,751		160			6,998		913
Asset management and insurance fees	$	31,811	$	30,335	$	1,476		$	29,452	$	2,359
Mortgage banking activities		4,852		6,267		(1,415	)		2,771		2,081
Other operating income		23,116		26,449		(3,333	)		27,971		(4,855	)
Non-interest income	$	175,658	$	180,545	$	(4,887	)	$	171,195	$	4,463

Non-interest income of $176 million decreased $5 million, or 3%, from Q2 2026.

Key drivers:

Banking fees decreased $2 million to $116 million, mainly due to a decrease in service charges on deposits driven by a new deposit product launched during the month of August, which offers $0 service fees to clients that meet certain criteria.

Other operating income decreased $3 million to $23 million, driven by a $3 million unrealized investment gain recognized in Q2, a $2 million impairment charge on certain equity investments, and a $2 million lower favorable valuation adjustment of securities held for deferred benefit plans, which have an offsetting effect in personnel costs. These were partially offset by a $5 million benefit recognized in other income in connection with the refinancing of a commercial loan during the quarter.

Refer to Table B for further details.

OPERATING EXPENSES

	Quarters ended
(Dollars in thousands)	30-Sep-26		30-Jun-26		Δ vs 30-Jun-26			30-Sep-25		Δ vs 30-Sep-25
Salaries	$	141,357	$	134,448	$	6,909		$	139,350	$	2,007
Commissions and incentives		42,709		39,911		2,798			35,309		7,400
Profit sharing		15,097		10,000		5,097			13,000		2,097
Pension, postretirement and other		45,907		44,672		1,235			45,329		578
Total personnel costs	$	245,070	$	229,031	$	16,039		$	232,988	$	12,082
Technology and software		90,068		90,971		(903	)		87,117		2,951
Professional fees		25,587		24,484		1,103			25,808		(221	)
Business promotion		28,428		27,900		528			27,304		1,124
Transactional services		39,670		37,266		2,404			38,408		1,262
Net occupancy		29,157		27,764		1,393			26,083		3,074
Other operating expenses		47,610		46,714		896			57,579		(9,969	)
Operating Expenses	$	505,590	$	484,130	$	21,460		$	495,287	$	10,303

Total operating expenses of $506 million increased $21 million, or 4%, from Q2 2026.

Key drivers: Personnel costs increased by $16 million, or 7%, driven by higher salaries by $7 million due to annual salary and merit increases effective in Q3 combined with one additional day in the quarter and higher incentives by $8 million, including $5 million related to profit-sharing and $3 million related to short-term incentives, both of which are tied to the Corporation's financial performance.

Full-time equivalent employees were 9,112 as of September 30, 2026, compared to 9,203 as of June 30, 2026.

Transactional services increased $2 million, driven by a retroactive credit of $1.6 million recorded in Q2 and higher card supplies expenses. Net occupancy expenses increased $1 million, primarily due to repair projects across the Corporation. Professional fees increased $1 million, mainly due to costs associated with corporate initiatives.

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

INCOME TAXES

For the third quarter of 2026, the Corporation recorded an income tax expense of $44 million, a decrease of $2 million when compared to $46 million in the previous quarter.

The effective tax rate ("ETR") of the Corporation is impacted by the composition and source of its taxable income and tax credit activities. The ETR for the third quarter of 2026 was 14.2%, consistent with the previous quarter's ETR of 14.1%, primarily driven by the recognition of tax-exempt income and other tax benefits, such as the purchase of tax credits.

CREDIT QUALITY
Credit Quality Metrics

(Dollars in thousands)	Quarters ended
Popular, Inc.	30-Sep-26			30-Jun-26			Δ vs 30-Jun-26			30-Sep-25			Δ vs 30-Sep-25
Provision for credit losses - loan portfolios	$	58,788		$	65,154		$	(6,366	)	$	74,517		$	(15,729	)
Net charge-offs		72,936			104,053			(31,117	)		57,788			15,148
ACL - loans held-in-portfolio		770,687			784,832			(14,145	)		786,220			(15,533	)
Annualized net charge-offs to average loans held-in-portfolio		0.73	%		1.05	%	(32) bps				0.60	%	13 bps
NPL Ratio		1.16	%		1.04	%	12 bps				1.30	%	(14) bps
Allowance / loans held-in-portfolio		1.92	%		1.97	%	(5) bps				2.03	%	(11) bps
Non-performing assets		510,084			546,694			(36,610	)		545,152			(35,068	)
Non-performing loans held-in-portfolio		465,785			413,437			52,348			502,202			(36,417	)
Non-performing loans held-for-sale		—			83,700			(83,700	)		—			—
Other real estate owned ("OREO")		44,299			49,557			(5,258	)		42,950			1,349
Allowance / non-performing loans held-in-portfolio		165	%		190	%		(25	)%		157	%		8	%

(Dollars in thousands)	Quarters ended
BPPR	30-Sep-26			30-Jun-26			Δ vs 30-Jun-26			30-Sep-25			Δ vs 30-Sep-25
Provision for credit losses - loan portfolios	$	61,329		$	61,738		$	(409	)	$	72,639		$	(11,310	)
Net charge-offs		72,077			101,688			(29,611	)		56,539			15,538
Total non-performing loans held-in-portfolio		421,954			367,824			54,130			453,369			(31,415	)
ACL - loans held-in-portfolio		681,542			692,287			(10,745	)		695,355			(13,813	)
Annualized net charge-offs to average loans held-in-portfolio		1.03	%		1.46	%	(43) bps				0.84	%	19 bps
Allowance / loans held-in-portfolio		2.41	%		2.47	%	(6) bps				2.56	%	(15) bps
Allowance / non-performing loans held-in-portfolio		162	%		188	%		(26	)%		153	%		9	%

(Dollars in thousands)	Quarters ended
Popular U.S.	30-Sep-26			30-Jun-26			Δ vs 30-Jun-26			30-Sep-25			Δ vs 30-Sep-25
Provision for credit losses (benefit) - loan portfolios	$	(2,541	)	$	3,416		$	(5,957	)	$	1,878		$	(4,419	)
Net charge-offs		859			2,365			(1,506	)		1,249			(390	)
Total non-performing loans held-in-portfolio		43,831			45,613			(1,782	)		48,833			(5,002	)
ACL - loans held-in-portfolio		89,145			92,545			(3,400	)		90,865			(1,720	)
Annualized net charge-offs to average loans held-in-portfolio		0.03	%		0.08	%	(5) bps				0.04	%	(1) bps
Allowance / loans held-in-portfolio		0.76	%		0.79	%	(3) bps				0.79	%	(3) bps
Allowance / non-performing loans held-in-portfolio		203	%		203	%		—	%		186	%		17	%

During the third quarter of 2026, the Corporation’s overall credit quality remained stable. Consumer and mortgage portfolio performance remained favorable, with historically low net charge-offs (despite a slight seasonal increase in the auto portfolio), historically low delinquency levels, and net recoveries in the mortgage portfolio. Changes in commercial credit metrics during the quarter were driven by borrower-specific developments; core commercial portfolios continue to show stable credit trends.

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

Total NPLs held-in-portfolio increased $52 million to $466 million during Q3 2026. Excluding consumer loans, inflows of NPLs held-in-portfolio decreased $56 million in the third quarter of 2026. The ratio of NPLs to total loans held in the portfolio was 1.16% for the third quarter of 2026, compared to 1.04% for the previous quarter. NPLs held-for-sale decreased $84 million driven by the sale during Q3 of an NPL held-for-sale.

NCO Ratio of 0.73% decreased 32 basis points when compared to the previous quarter. Total NCOs decreased by $31 million quarter-over-quarter, reflecting lower commercial charge-offs.

BPPR segment - NPLs held-in-portfolio increased $54 million, primarily driven by a $52 million increase in commercial NPLs. The increase includes the inflow to NPL of a $74 million commercial and industrial ("C&I") loan, partially offset by a $34 million partial charge-off related to a commercial NPL that had entered non-performing status in the prior quarter. These events are considered borrower-specific and are not indicative of broader deterioration in the commercial portfolio. Excluding consumer loans, BPPR segment NPL inflows decreased $45 million compared to the prior quarter.

NCOs decreased $30 million, primarily reflecting lower commercial charge-offs by $38 million. This variance resulted from the prior quarter, which included the resolution of a commercial relationship that resulted in a $71 million charge-off, partially offset by the previously mentioned commercial charge-off of $34 million in Q3 2026. NCO Ratio of 1.03% decreased 43 basis points quarter-over-quarter.

PB segment - NPLs held-in-portfolio decreased by $2 million, while inflows to NPLs, excluding consumer loans, decreased $11 million compared to the previous quarter. NCO Ratio of 0.03%, decreased five 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 September 30, 2026 amounted to $771 million, a decrease of $14 million when compared to the second quarter of 2026. The decline was driven primarily by improved consumer credit performance, in part offset by higher reserves for specific commercial exposures.

BPPR segment - The ACL decreased by $11 million compared to the previous quarter, mostly driven by a $17 million decrease in reserves for consumer loans due to favorable changes in the credit composition of the auto and personal loans portfolios. These decreases were partially offset by higher reserves for commercial loans, mostly associated with C&I NPL inflows during the last two quarters, changes in macroeconomic scenarios and reserve build-up due to loan growth.

PB segment - The ACL amounted to $89 million, a decrease of $3 million quarter-over-quarter, reflecting lower reserves for construction loans by $2 million, mostly due to lower loan volumes.

Provision for credit losses

Provision for loan losses of $59 million for the third quarter of 2026 decreased by $6 million when compared to the prior quarter, primarily driven by lower reserve requirements in the PB segment and favorable changes in the macroeconomic scenarios. Including the provision for unfunded loan commitments and the provision related to the Corporation’s investment portfolio, the provision for credit losses for the third quarter was $59 million.

Refer to tables N, O, P and Q for more details on the Allowance for Credit Losses.

BALANCE SHEET

	Quarters ended
(In thousands)	30-Sep-26		30-Jun-26		Δ vs 30-Jun-26			30-Sep-25		Δ vs 30-Sep-25
Cash and due from banks	$	373,329	$	365,013	$	8,316		$	377,079	$	(3,750	)
Money market and investment securities		34,287,567		35,820,187		(1,532,620	)		33,126,064		1,161,503
Loans		40,042,656		39,749,862		292,794			38,687,158		1,355,498
Total assets		77,758,872		78,972,300		(1,213,428	)		75,065,798		2,693,074
Deposits		68,704,991		70,233,115		(1,528,124	)		66,513,404		2,191,587
Borrowings		1,325,246		1,462,831		(137,585	)		1,246,807		78,439
Total liabilities		71,520,028		72,539,295		(1,019,267	)		68,950,126		2,569,902
Stockholders’ equity		6,238,844		6,433,005		(194,161	)		6,115,672		123,172

Total assets - Total assets of $77.8 billion decreased $1.2 billion from the second quarter of 2026, primarily due to a $1.5 billion decrease in money market and investment securities. The decrease resulted mainly from lower reinvestment of maturing U.S. Treasury securities in Q3 to fund scheduled P.R. public deposit outflows towards the end of the quarter. Loans held-in-portfolio increased $293 million, mainly due to an increase of $268 million in the BPPR segment across most portfolios and an increase of $25 million in the PB segment, primarily in commercial loans.

Total liabilities - Total liabilities decreased $1.0 billion from the second quarter of 2026, mainly reflecting a $1.5 billion decrease in deposits, including $1.2 billion in P.R. public deposits as a result of operational needs and scheduled payment commitments, coupled with a $188 million decrease in short-term borrowings due to lower FHLB advances at PB. This was partially offset by a $646 million increase in other liabilities, primarily from U.S. Treasury purchases pending to be settled at period end.

Stockholders’ equity - Stockholders' equity decreased $194 million when compared to the second quarter of 2026, mainly driven by $255 million in unrealized losses on debt securities available-for-sale ("AFS"), $179 million of common stock repurchases, and $57 million of common and preferred dividends declared. This was offset by $266 million of net income and $31 million of amortization of unrealized losses on securities previously reclassified to held-to-maturity ("HTM"), net of tax.

LOANS AND DEPOSITS BY CATEGORY

	Quarters ended 30-Sep-26
(Dollars in thousands)	BPPR		%		PB		%		POPULAR		%
Loans held-in-portfolio:
Commercial multi-family	$	344,761	1	%	$	2,052,220	17	%	$	2,396,981	6	%
Commercial real estate non-owner occupied		3,407,255	12	%		2,435,485	21	%		5,842,740	15	%
Commercial real estate owner occupied		1,205,279	4	%		2,206,921	19	%		3,412,200	9	%
Commercial and industrial		6,090,151	22	%		2,618,907	23	%		8,709,058	22	%
Construction		469,687	2	%		1,116,186	9	%		1,585,873	4	%
Mortgage		7,645,377	27	%		1,214,808	10	%		8,860,185	22	%
Leasing		1,952,125	7	%		—	—	%		1,952,125	5	%
Consumer:
Credit cards		1,260,047	4	%		6	—	%		1,260,053	3	%
Home equity lines of credit		1,818	—	%		86,788	1	%		88,606	—	%
Personal		1,942,250	7	%		52,010	—	%		1,994,260	5	%
Auto		3,756,459	13	%		—	—	%		3,756,459	9	%
Other		169,489	1	%		14,627	—	%		184,116	—	%
Total loans held-in-portfolio	$	28,244,698	100	%	$	11,797,958	100	%	$	40,042,656	100	%

The Corporation maintained a diversified loan portfolio at September 30, 2026, with approximately 71% of loan balances in its main market of Puerto Rico and with 56% of its 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.

	Quarters ended 30-Sep-26
(Dollars in thousands)	BPPR		%		PB [2]		%		POPULAR		%
Non-public deposits:
Demand deposits	$	13,681,494	24	%	$	1,483,396	12	%	$	15,005,068	22	%
Savings, NOW and money market deposits (non-brokered)		17,038,109	30	%		6,194,032	51	%		23,037,725	34	%
Savings, NOW and money market deposits (brokered)		75,278	—	%		—	—	%		75,278	—	%
Time deposits (non-brokered)		4,646,473	8	%		3,583,416	30	%		8,227,389	12	%
Time deposits (brokered CDs)		—	—	%		893,371	7	%		893,371	1	%
Total Non-public deposits:		35,441,354	62	%		12,154,215	100	%		47,238,831	69	%
P.R public deposits:
Demand Deposits [1]		11,033,195	19	%		—	—	%		11,033,195	16	%
Savings, NOW and money market deposits (non-brokered)		9,515,457	17	%		—	—	%		9,515,457	14	%
Time deposits (non-brokered)		917,508	2	%		—	—	%		917,508	1	%
Total P.R. public deposits		21,466,160	38	%		—	—	%		21,466,160	31	%
Total deposits	$	56,907,514	100	%	$	12,154,215	100	%	$	68,704,991	100	%
[1] Includes interest bearing demand deposits.
[2] PB deposits include intercompany deposits, which are eliminated at the consolidated level.

Total deposits were $68.7 billion as of the end of Q3 2026, reflecting a diversified funding base across retail, commercial and public sector.

P.R. public deposits stood at $21.5 billion, representing 31% 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-Sep-26			30-Jun-26			Δ vs 30-Jun-26			30-Sep-25			Δ vs 30-Sep-25
Capital Position
Common equity per share	$	98.94		$	100.38		$	(1.44	)	$	91.00		$	7.94
Tangible common book value per common share (non-GAAP) [1]	$	86.30		$	87.94		$	(1.64	)	$	79.12		$	7.18
Tangible common book value to tangible assets (non-GAAP) [1]		7.05	%		7.18	%	-13 bps				7.13	%	-8 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]		18.76	%		20.12	%	-136 bps				13.83	%	493 bps
ROTCE (non-GAAP) [1]		15.80	%		17.02	%	-122 bps				13.06	%	274 bps
Regulatory Capital
Common Equity Tier 1 capital		16.06	%		16.08	%	-2 bps				15.79	%	27 bps
Tier 1 capital		16.12	%		16.13	%	-1 bps				15.84	%	28 bps
Total capital		17.84	%		17.85	%	-1 bps				17.58	%	26 bps
Tier 1 leverage		8.52	%		8.57	%	-5 bps				8.48	%	4 bps
[1] Refer to Table R for the reconciliation to most comparable GAAP measures.

The Corporation's Common Equity Tier 1 capital ratio was 16.06% at September 30, 2026, decreasing by two basis points when compared to Q2 2026, primarily driven by common stock repurchases, dividends, and change in risk weighted assets, partially offset by net income. Tangible common book value per common share decreased to $86.30, driven by higher unrealized losses on investment securities AFS, common stock repurchases and dividends, partially offset by net income for Q3. Common equity per share decreased to $98.94.

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 nine months ended September 30, 2026, Popular repurchased 1,060,241 shares of common stock for $179 million at an average price of $168.40 per share and 3,049,008 shares of common stock for $459 million at an average price of $150.55 per share, respectively. Common stock repurchases and dividends on preferred and common stock combined represented capital returned to shareholders of $236 million during the quarter and $614 million for the nine months ended September 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"), decreased to 15.80% in Q3 2026, down from 17.02% in Q2 2026. The Corporation has established a ROTCE annual target of 14% to 17%. 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	Original FY 2026 Guidance	Updated Guidance	Commentary
Net Interest Income	5%-7% increase for the year	~8.5% increase for the year	Unchanged
Non-Interest Income	$160 million-$165 million per quarter	~ $170 million in Q4	Upper end of our Q2 guidance
NCOs	55 bps-70 bps annualized	80 bps-90 bps annualized	Due to YTD charge-offs and NPL inflows in the commercial portfolio
Operating Expenses	3% increase for the year	2% increase for the year	Guidance includes max profit sharing contribution
Effective Tax Rate	15%-17% for the year	14% for the year	Lower end of our Q2 guidance
Loan Growth	3%-4% increase for the year	2% increase for the year	Driven by a decline in auto and lease financing activity

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, NIM and loan yields on an FTE basis – Management believes that this presentation provides meaningful information since it facilitates the comparison of revenues, margin and yields arising from taxable and tax-exempt sources. NII FTE, NIM FTE and loan yields FTE are presented, together with their different components, as applicable, in Tables D and E for the quarter ended September 30, 2026 and F for the year to date ended September 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 September 30, 2026 or June 30, 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, our Form 10-Q for the quarter ended June 30, 2026 and our Form 10-Q for the quarter ended September 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 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, Thursday, October 22, 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 Third 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 Third Quarter 2026 Earnings Release Table A - Selected Ratios and Other Information (Unaudited)

	Quarters ended									Nine months ended
	30-Sep-26			30-Jun-26			30-Sep-25			30-Sep-26			30-Sep-25
Basic EPS	$	4.21		$	4.35		$	3.15		$	12.34		$	8.78
Diluted EPS	$	4.21		$	4.35		$	3.14		$	12.34		$	8.78
Average common shares outstanding		63,109,582			63,880,929			67,058,260			63,930,220			68,121,447
Average common shares outstanding - assuming dilution		63,137,983			63,915,634			67,095,421			63,958,522			68,143,888
Common shares outstanding at end of period		62,834,136			63,866,681			66,959,866			62,834,136			66,959,866
Market value per common share	$	155.45		$	164.18		$	129.10		$	155.45		$	129.10
Market capitalization - (In millions)	$	9,768		$	10,486		$	8,645		$	9,768		$	8,645
Return on average assets		1.32	%		1.41	%		1.09	%		1.34	%		1.06	%
Return on average common equity		14.12	%		15.18	%		11.60	%		14.36	%		11.15	%
Net interest margin (non-taxable equivalent basis)		3.63	%		3.66	%		3.51	%		3.65	%		3.46	%
Net interest margin (taxable equivalent basis) - non-GAAP		4.16	%		4.17	%		3.90	%		4.16	%		3.83	%
Common equity per share	$	98.94		$	100.38		$	91.00		$	98.94		$	91.00
Tangible common book value per common share (non-GAAP) [1]	$	86.30		$	87.94		$	79.12		$	86.30		$	79.12
Tangible common equity to tangible assets (non-GAAP) [1]		7.05	%		7.18	%		7.13	%		7.05	%		7.13	%
Return on average tangible common equity [1]		15.80	%		17.02	%		13.06	%		16.10	%		12.57	%
Tier 1 capital		16.12	%		16.13	%		15.84	%		16.12	%		15.84	%
Total capital		17.84	%		17.85	%		17.58	%		17.84	%		17.58	%
Tier 1 leverage		8.52	%		8.57	%		8.48	%		8.52	%		8.48	%
Common Equity Tier 1 capital		16.06	%		16.08	%		15.79	%		16.06	%		15.79	%

[1] Refer to Table R for reconciliation to GAAP financial measures.

POPULAR, INC. Financial Supplement to Third Quarter 2026 Earnings Release Table B - Consolidated Statement of Operations (Unaudited)

	Quarters ended						Variance			Quarter ended			Variance			Nine months ended
(In thousands, except per share information)	30-Sep-26			30-Jun-26			Δ vs 30-Jun-26			30-Sep-25			Δ vs 30-Sep-25			30-Sep-26			30-Sep-25
Interest income:
Loans	$	725,035		$	714,266		$	10,769		$	702,039		$	22,996		$	2,141,450		$	2,053,299
Money market investments		45,868			47,021			(1,153	)		66,867			(20,999	)		137,129			206,565
Investment securities		235,870			220,352			15,518			197,743			38,127			657,049			567,655
Total interest income		1,006,773			981,639			25,134			966,649			40,124			2,935,628			2,827,519
Interest expense:
Deposits		289,185			271,254			17,931			303,432			(14,247	)		819,857			896,353
Short-term borrowings		6,881			5,172			1,709			4,616			2,265			17,756			11,342
Long-term debt		11,777			11,794			(17	)		12,096			(319	)		35,486			36,173
Total interest expense		307,843			288,220			19,623			320,144			(12,301	)		873,099			943,868
Net interest income		698,930			693,419			5,511			646,505			52,425			2,062,529			1,883,651
Provision for credit losses		58,593			65,873			(7,280	)		75,125			(16,532	)		200,352			188,147
Net interest income after provision for credit losses		640,337			627,546			12,791			571,380			68,957			1,862,177			1,695,504
Service charges on deposit accounts		37,106			39,037			(1,931	)		39,077			(1,971	)		114,909			116,957
Other service fees		110,584			108,792			1,792			101,376			9,208			322,297			296,406
Mortgage banking activities		4,852			6,267			(1,415	)		2,771			2,081			15,332			11,332
Net loss, including impairment, on debt securities		—			(595	)		595			—			—			(595	)		—
Net (loss) gain, including impairment, on equity securities		(1,746	)		2,327			(4,073	)		2,197			(3,943	)		1,610			3,645
Net (loss) gain on trading account debt securities		(792	)		214			(1,006	)		398			(1,190	)		(317	)		1,456
Adjustments to indemnity reserves on loans sold		158			394			(236	)		36			122			587			329
Other operating income		25,496			24,109			1,387			25,340			156			68,006			61,608
Total non-interest income		175,658			180,545			(4,887	)		171,195			4,463			521,829			491,733
Operating expenses:
Personnel costs
Salaries		141,357			134,448			6,909			139,350			2,007			410,618			403,052
Commissions, incentives and other bonuses		42,709			39,911			2,798			35,309			7,400			117,523			113,846
Profit sharing		15,097			10,000			5,097			13,000			2,097			23,894			26,000
Pension, postretirement and medical insurance		18,446			18,773			(327	)		18,749			(303	)		52,115			51,773
Other personnel costs, including payroll taxes		27,461			25,899			1,562			26,580			881			86,020			80,385
Total personnel costs		245,070			229,031			16,039			232,988			12,082			690,170			675,056
Net occupancy expenses		29,157			27,764			1,393			26,083			3,074			84,220			82,441
Equipment expenses		6,324			5,879			445			5,313			1,011			17,432			16,404
Other taxes		17,665			17,707			(42	)		17,967			(302	)		53,049			55,324
Professional fees		25,587			24,484			1,103			25,808			(221	)		75,624			80,741
Technology and software expenses		90,068			90,971			(903	)		87,117			2,951			270,178			255,481
Processing and transactional services
Credit and debit cards		15,498			13,236			2,262			14,728			770			42,940			40,698
Other processing and transactional services		24,172			24,030			142			23,680			492			73,083			73,352
Total processing and transactional services		39,670			37,266			2,404			38,408			1,262			116,023			114,050
Communications		4,562			4,261			301			4,836			(274	)		13,332			14,750
Business promotion
Rewards and customer loyalty programs		19,045			19,600			(555	)		17,656			1,389			54,037			52,068
Other business promotion		9,383			8,300			1,083			9,648			(265	)		25,151			25,296
Total business promotion		28,428			27,900			528			27,304			1,124			79,188			77,364
Deposit insurance		9,692			9,977			(285	)		10,873			(1,181	)		29,586			30,315
Other real estate owned (OREO) income		(3,733	)		(3,238	)		(495	)		(3,408	)		(325	)		(11,589	)		(10,862	)
Other operating expenses
Operational losses		1,895			3,118			(1,223	)		1,634			261			8,988			13,957
All other		10,821			8,626			2,195			6,980			3,841			29,677			39,673
Total other operating expenses		12,716			11,744			972			8,614			4,102			38,665			53,630
Amortization of intangibles		384			384			—			384			—			1,152			1,366
Goodwill impairment		—			—			—			13,000			(13,000	)		—			13,000
Total operating expenses		505,590			484,130			21,460			495,287			10,303			1,457,030			1,459,060
Income before income tax		310,405			323,961			(13,556	)		247,288			63,117			926,976			728,177
Income tax expense		44,071			45,747			(1,676	)		35,971			8,100			136,754			128,918
Net income	$	266,334		$	278,214		$	(11,880	)	$	211,317		$	55,017		$	790,222		$	599,259
Net income applicable to common stock	$	265,981		$	277,861		$	(11,880	)	$	210,964		$	55,017		$	789,163		$	598,200
Net income per common share - basic	$	4.21		$	4.35		$	(0.14	)	$	3.15		$	1.06		$	12.34		$	8.78
Net income per common share - diluted	$	4.21		$	4.35		$	(0.14	)	$	3.14		$	1.07		$	12.34		$	8.78
Dividends Declared per Common Share	$	0.90		$	0.75		$	0.15		$	0.75		$	0.15		$	2.40		$	2.15

Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table C - Consolidated Statement of Financial Condition (Unaudited)

	Quarters ended									Variance
(In thousands)	30-Sep-26			30-Jun-26			30-Sep-25			Δ vs 30-Jun-26
Assets:
Cash and due from banks	$	373,329		$	365,013		$	377,079		$	8,316
Money market investments		5,112,689			4,555,489			4,754,391			557,200
Trading account debt securities, at fair value		30,704			31,170			33,122			(466	)
Debt securities available-for-sale, at fair value		23,427,860			24,792,834			20,686,423			(1,364,974	)
Debt securities held-to-maturity, at amortized cost		5,489,378			6,204,020			7,433,135			(714,642	)
Less: Allowance for credit losses		6,057			6,230			5,837			(173	)
Debt securities held-to-maturity, net		5,483,321			6,197,790			7,427,298			(714,469	)
Equity securities		226,936			236,674			218,993			(9,738	)
Loans held-for-sale, at lower of cost or fair value		3,214			88,579			7,783			(85,365	)
Loans held-in-portfolio		40,441,556			40,156,582			39,111,956			284,974
Less: Unearned income		398,900			406,720			424,798			(7,820	)
Allowance for credit losses		770,687			784,832			786,220			(14,145	)
Total loans held-in-portfolio, net		39,271,969			38,965,030			37,900,938			306,939
Premises and equipment, net		746,190			731,945			679,651			14,245
Other real estate		44,299			49,557			42,950			(5,258	)
Accrued income receivable		319,724			307,251			297,347			12,473
Mortgage servicing rights, at fair value		93,373			94,485			99,523			(1,112	)
Other assets		1,831,386			1,762,221			1,744,886			69,165
Goodwill		789,954			789,954			789,954			—
Other intangible assets		3,924			4,308			5,460			(384	)
Total assets	$	77,758,872		$	78,972,300		$	75,065,798		$	(1,213,428	)
Liabilities and Stockholders’ Equity:
Liabilities:
Deposits:
Non-interest bearing	$	15,010,570		$	15,096,293		$	14,874,026		$	(85,723	)
Interest bearing		53,694,421			55,136,822			51,639,378			(1,442,401	)
Total deposits		68,704,991			70,233,115			66,513,404			(1,528,124	)
Assets sold under agreements to repurchase		152,321			77,521			56,853			74,800
Other short-term borrowings		486,697			675,000			400,000			(188,303	)
Notes payable		686,228			710,310			789,954			(24,082	)
Other liabilities		1,489,791			843,349			1,189,915			646,442
Total liabilities		71,520,028			72,539,295			68,950,126			(1,019,267	)
Stockholders’ equity:
Preferred stock		22,143			22,143			22,143			—
Common stock		1,050			1,050			1,049			—
Surplus		4,940,043			4,937,091			4,920,767			2,952
Retained earnings		5,841,950			5,632,866			5,022,546			209,084
Treasury stock		(3,181,178	)		(3,000,759	)		(2,574,573	)		(180,419	)
Accumulated other comprehensive loss, net of tax		(1,385,164	)		(1,159,386	)		(1,276,260	)		(225,778	)
Total stockholders’ equity		6,238,844			6,433,005			6,115,672			(194,161	)
Total liabilities and stockholders’ equity	$	77,758,872		$	78,972,300		$	75,065,798		$	(1,213,428	)

Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table D - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) For the quarters ended September 30, 2026 and June 30, 2026 (Unaudited)

Average Volume							Average Yields / Costs							Interest							Variance Attributable to
30-Sep-26		30-Jun-26		Variance			30-Sep-26		30-Jun-26		Variance			30-Sep-26		30-Jun-26		Variance			Rate			Volume
(In millions)														(In thousands)
$	4,854	$	5,095	$	(241	)	3.75	%	3.70	%	0.05	%	Money market investments	$	45,868	$	47,021	$	(1,153	)	$	1,109		$	(2,262	)
	31,761		31,091		670		3.82		3.69		0.13		Investment securities [1]		305,829		286,115		19,714			8,707			11,007
	35		32		3		5.43		5.76		(0.33	)	Trading securities		478		454		24			(22	)		46
	36,650		36,218		432		3.82		3.69		0.13		Total money market, investment and trading securities		352,175		333,590		18,585			9,794			8,791
													Loans:
	20,154		19,932		222		6.82		6.73		0.09		Commercial		346,528		334,494		12,034			8,289			3,745
	1,680		1,764		(84	)	7.80		7.90		(0.10	)	Construction		33,029		34,729		(1,700	)		(45	)		(1,655	)
	1,949		1,970		(21	)	7.41		7.45		(0.04	)	Leasing		36,113		36,680		(567	)		(176	)		(391	)
	8,809		8,732		77		6.17		6.15		0.02		Mortgage		135,960		134,236		1,724			536			1,188
	3,382		3,310		72		13.54		13.74		(0.20	)	Consumer		115,388		113,356		2,032			(398	)		2,430
	3,846		3,867		(21	)	9.31		9.32		(0.01	)	Auto		90,287		89,901		386			884			(498	)
	39,820		39,575		245		7.56		7.53		0.03		Total loans		757,305		743,396		13,909			9,090			4,819
$	76,470	$	75,793	$	677		5.76	%	5.70	%	0.06	%	Total earning assets	$	1,109,480	$	1,076,986	$	32,494		$	18,884		$	13,610
													Interest bearing deposits:
$	8,790	$	8,819	$	(29	)	1.68	%	1.69	%	(0.01	)%	NOW and money market	$	37,141	$	37,237	$	(96	)	$	589		$	(685	)
	14,537		14,817		(280	)	0.79		0.78		0.01		Savings		28,909		28,640		269			755			(486	)
	8,959		8,907		52		3.01		2.95		0.06		Time deposits		67,988		65,411		2,577			2,126			451
	22,623		21,502		1,121		2.72		2.61		0.11		P.R. public deposits		155,147		139,966		15,181			7,271			7,910
	54,909		54,045		864		2.09		2.01		0.08		Total interest bearing deposits		289,185		271,254		17,931			10,741			7,190
	14,906		15,268		(362	)							Non-interest bearing demand deposits
	69,815		69,313		502		1.64		1.57		0.07		Total deposits		289,185		271,254		17,931			10,741			7,190
	693		539		154		3.94		3.85		0.09		Short-term borrowings		6,881		5,172		1,709			196			1,513
	718		741		(23	)	6.51		6.38		0.13		Other medium and long-term debt		11,777		11,794		(17	)		358			(375	)
	56,320		55,325		995		2.17		2.09		0.08		Total interest bearing liabilities (excluding demand deposits)		307,843		288,220		19,623			11,295			8,328
	5,244		5,200		44								Other sources of funds
$	76,470	$	75,793	$	677		1.60	%	1.53	%	0.07	%	Total source of funds	$	307,843	$	288,220	$	19,623		$	11,295		$	8,328
							4.16	%	4.17	%	(0.01	)%	Net interest margin/ income on a taxable equivalent basis (Non-GAAP)	$	801,637	$	788,766	$	12,871		$	7,589		$	5,282
							3.59	%	3.61	%	(0.02	)%	Net interest spread
													Taxable equivalent adjustment		102,707		95,347		7,360
							3.63	%	3.66	%	(0.03	)%	Net interest margin/ income non-taxable equivalent basis (GAAP)	$	698,930	$	693,419	$	5,511

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 Third Quarter 2026 Earnings Release Table E - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) For the quarters ended September 30, 2026 and September 30, 2025 (Unaudited)

Average Volume							Average Yields / Costs							Interest							Variance Attributable to
30-Sep-26		30-Sep-25		Variance			30-Sep-26		30-Sep-25		Variance			30-Sep-26		30-Sep-25		Variance			Rate			Volume
(In millions)														(In thousands)
$	4,854	$	5,990	$	(1,136	)	3.75	%	4.43	%	(0.68	)%	Money market investments	$	45,868	$	66,867	$	(20,999	)	$	(9,397	)	$	(11,602	)
	31,761		28,957		2,804		3.82		3.42		0.40		Investment securities [1]		305,829		249,071		56,758			22,570			34,188
	35		28		7		5.43		5.43		—		Trading securities		478		391		87			—			87
	36,650		34,975		1,675		3.82		3.59		0.23		Total money market, investment and trading securities		352,175		316,329		35,846			13,173			22,673
													Loans:
	20,154		19,229		925		6.82		6.72		0.10		Commercial		346,528		325,869		20,659			4,809			15,850
	1,680		1,549		131		7.80		8.24		(0.44	)	Construction		33,029		32,184		845			(1,793	)		2,638
	1,949		1,981		(32	)	7.41		7.26		0.15		Leasing		36,113		35,957		156			751			(595	)
	8,809		8,484		325		6.17		5.96		0.21		Mortgage		135,960		126,352		9,608			4,670			4,938
	3,382		3,257		125		13.54		13.80		(0.26	)	Consumer		115,388		113,280		2,108			(1,965	)		4,073
	3,846		3,945		(99	)	9.31		9.15		0.16		Auto		90,287		91,006		(719	)		1,581			(2,300	)
	39,820		38,445		1,375		7.56		7.49		0.07		Total loans		757,305		724,648		32,657			8,053			24,604
$	76,470	$	73,420	$	3,050		5.76	%	5.63	%	0.13	%	Total earning assets	$	1,109,480	$	1,040,977	$	68,503		$	21,226		$	47,277
													Interest bearing deposits:
$	8,790	$	8,184	$	606		1.68	%	1.77	%	(0.09	)%	NOW and money market	$	37,141	$	36,421	$	720		$	(2,252	)	$	2,972
	14,537		14,529		8		0.79		0.81		(0.02	)	Savings		28,909		29,772		(863	)		(100	)		(763	)
	8,959		8,825		134		3.01		3.16		(0.15	)	Time deposits		67,988		70,196		(2,208	)		(2,947	)		739
	22,623		20,766		1,857		2.72		3.19		(0.47	)	P.R. public deposits		155,147		167,043		(11,896	)		(25,359	)		13,463
	54,909		52,304		2,605		2.09		2.30		(0.21	)	Total interest bearing deposits		289,185		303,432		(14,247	)		(30,658	)		16,411
	14,906		14,846		60								Non-interest bearing demand deposits
	69,815		67,150		2,665		1.64		1.79		(0.15	)	Total deposits		289,185		303,432		(14,247	)		(30,658	)		16,411
	693		405		288		3.94		4.52		(0.58	)	Short-term borrowings		6,881		4,616		2,265			(653	)		2,918
	718		812		(94	)	6.51		5.98		0.53		Other medium and long-term debt		11,777		12,096		(319	)		1,194			(1,513	)
	56,320		53,521		2,799		2.17		2.37		(0.20	)	Total interest bearing liabilities (excluding demand deposits)		307,843		320,144		(12,301	)		(30,117	)		17,816
	5,244		5,053		191								Other sources of funds
$	76,470	$	73,420	$	3,050		1.60	%	1.73	%	(0.13	)%	Total source of funds	$	307,843	$	320,144	$	(12,301	)	$	(30,117	)	$	17,816
							4.16	%	3.90	%	0.26	%	Net interest margin/ income on a taxable equivalent basis (Non-GAAP)	$	801,637	$	720,833	$	80,804		$	51,343		$	29,461
							3.59	%	3.26	%	0.33	%	Net interest spread
													Taxable equivalent adjustment		102,707		74,328		28,379
							3.63	%	3.51	%	0.12	%	Net interest margin/ income non-taxable equivalent basis (GAAP)	$	698,930	$	646,505	$	52,425

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 Third 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-Sep-26		30-Sep-25		Variance			30-Sep-26		30-Sep-25		Variance			30-Sep-26		30-Sep-25		Variance			Rate			Volume
(In millions)														(In thousands)
$	4,933	$	6,205	$	(1,272	)	3.72	%	4.45	%	(0.73	)%	Money market investments	$	137,129	$	206,565	$	(69,436	)	$	(30,967	)	$	(38,469	)
	30,894		28,729		2,165		3.68		3.28		0.40		Investment securities [1]		850,841		705,879		144,962			87,165			57,797
	33		29		4		5.58		5.74		(0.16	)	Trading securities		1,394		1,237		157			(37	)		194
	35,860		34,963		897		3.69		3.49		0.20		Total money market, investment and trading securities		989,364		913,681		75,683			56,161			19,522
													Loans:
	19,938		18,802		1,136		6.76		6.72		0.04		Commercial		1,007,409		945,330		62,079			4,699			57,380
	1,714		1,440		274		7.94		8.19		(0.25	)	Construction		101,825		88,179		13,646			(2,676	)		16,322
	1,968		1,961		7		7.40		7.18		0.22		Leasing		109,252		105,650		3,602			3,239			363
	8,736		8,331		405		6.13		5.89		0.24		Mortgage		401,875		368,141		33,734			15,467			18,267
	3,334		3,224		110		13.71		14.10		(0.39	)	Consumer		341,874		339,880		1,994			(9,009	)		11,003
	3,868		3,935		(67	)	9.32		9.00		0.32		Auto		269,685		264,905		4,780			9,292			(4,512	)
	39,558		37,693		1,865		7.54		7.49		0.05		Total loans		2,231,920		2,112,085		119,835			21,012			98,823
$	75,418	$	72,656	$	2,762		5.71	%	5.57	%	0.14	%	Total earning assets	$	3,221,284	$	3,025,766	$	195,518		$	77,173		$	118,345
													Interest bearing deposits:
$	8,722	$	8,077	$	645		1.66	%	1.73	%	(0.07	)%	NOW and money market	$	108,537	$	104,711	$	3,826		$	(8,150	)	$	11,976
	14,662		14,547		115		0.78		0.84		(0.06	)	Savings		85,262		91,430		(6,168	)		(3,378	)		(2,790	)
	8,861		8,587		274		2.98		3.17		(0.19	)	Time deposits		197,643		203,909		(6,266	)		(12,640	)		6,374
	21,504		20,464		1,040		2.66		3.24		(0.58	)	P.R public deposits		428,415		496,303		(67,888	)		(90,826	)		22,938
	53,749		51,675		2,074		2.04		2.32		(0.28	)	Total interest bearing deposits		819,857		896,353		(76,496	)		(114,994	)		38,498
	15,091		14,778		313								Non-interest bearing demand deposits
	68,840		66,453		2,387		1.59		1.80		(0.21	)	Total deposits		819,857		896,353		(76,496	)		(114,994	)		38,498
	610		333		277		3.89		4.55		(0.66	)	Short-term borrowings		17,756		11,342		6,414			(1,830	)		8,244
	743		835		(92	)	6.38		5.79		0.59		Other medium and long-term debt		35,486		36,173		(687	)		3,668			(4,355	)
	55,102		52,843		2,259		2.12		2.39		(0.27	)	Total interest bearing liabilities (excluding demand deposits)		873,099		943,868		(70,769	)		(113,156	)		42,387
	5,225		5,035		190								Other sources of funds
$	75,418	$	72,656	$	2,762		1.55	%	1.74	%	(0.19	)%	Total source of funds	$	873,099	$	943,868	$	(70,769	)	$	(113,156	)	$	42,387
							4.16	%	3.83	%	0.33	%	Net interest margin/ income on a taxable equivalent basis (Non-GAAP)	$	2,348,185	$	2,081,898	$	266,287		$	190,329		$	75,958
							3.59	%	3.18	%	0.41	%	Net interest spread
													Taxable equivalent adjustment		285,656		198,247		87,409
							3.65	%	3.46	%	0.19	%	Net interest margin/ income non-taxable equivalent basis (GAAP)	$	2,062,529	$	1,883,651	$	178,878

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 Third Quarter 2026 Earnings Release Table G - Mortgage Banking Activities and Other Service Fees (Unaudited) Mortgage Banking Activities

	Quarters ended									Variance						Nine months ended
(In thousands)	30-Sep-26			30-Jun-26			30-Sep-25			Δ vs 30- Jun-26			Δ vs 30- Sep-25			30-Sep-26			30-Sep-25			Δ vs 30- Sep -25
Mortgage servicing fees, net of fair value adjustments:
Mortgage servicing fees	$	6,173		$	6,416		$	6,744		$	(243	)	$	(571	)	$	19,072		$	20,824		$	(1,752	)
Mortgage servicing rights fair value adjustments		(1,497	)		(232	)		(3,835	)		(1,265	)		2,338			(4,368	)		(9,359	)		4,991
Total mortgage servicing fees, net of fair value adjustments		4,676			6,184			2,909			(1,508	)		1,767			14,704			11,465			3,239
Net (loss) gain on sale of loans, including valuation on loans held-for-sale		(17	)		159			(53	)		(176	)		36			460			103			357
Trading account (loss) profit:
Unrealized (losses) gains on outstanding derivative positions		124			(52	)		51			176			73			147			(44	)		191
Realized (losses) gains on closed derivative positions		69			13			(122	)		56			191			63			(131	)		194
Total trading account (loss) profit		193			(39	)		(71	)		232			264			210			(175	)		385
Losses on repurchased loans, including interest advances		—			(37	)		(14	)		37			14			(42	)		(61	)		19
Total mortgage banking activities	$	4,852		$	6,267		$	2,771		$	(1,415	)	$	2,081		$	15,332		$	11,332		$	4,000

Other Service Fees

	Quarters ended						Variance						Nine months ended
(In thousands)	30-Sep-26		30-Jun-26		30-Sep-25		Δ vs 30- Jun-26			Δ vs 30- Sept-25			30-Sep-26		30-Sep-25		Δ vs 30- Sep-25
Other service fees:
Debit card fees	$	30,841	$	31,538	$	28,084	$	(697	)	$	2,757		$	92,388	$	82,434	$	9,954
Insurance fees		12,893		12,586		12,995		307			(102	)		38,004		36,999		1,005
Credit card fees		35,270		34,783		32,668		487			2,602			102,054		95,300		6,754
Sale and administration of investment products		11,007		9,998		9,459		1,009			1,548			31,192		27,490		3,702
Trust fees		7,911		7,751		6,998		160			913			23,001		19,924		3,077
Other fees		12,662		12,136		11,172		526			1,490			35,658		34,259		1,399
Total other service fees	$	110,584	$	108,792	$	101,376	$	1,792		$	9,208		$	322,297	$	296,406	$	25,891

Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table H - Consolidated Loans and Deposits (Unaudited) Loans - Ending Balances

	Quarters ended						Variance
(Dollars in thousands)	30-Sep-26		30-Jun-26		30-Sep-25		Δ vs 30-Jun-26			% of Change		Δ vs 30-Sep-25			% of Change
Loans held-in-portfolio:
Commercial
Commercial multi-family	$	2,396,981	$	2,399,424	$	2,489,589	$	(2,443	)	(0.10	%)	$	(92,608	)	(3.72	%)
Commercial real estate non-owner occupied		5,842,740		5,620,875		5,462,580		221,865		3.95	%		380,160		6.96	%
Commercial real estate owner occupied		3,412,200		3,256,702		3,090,724		155,498		4.77	%		321,476		10.40	%
Commercial and industrial		8,709,058		8,774,084		8,245,639		(65,026	)	(0.74	%)		463,419		5.62	%
Total Commercial		20,360,979		20,051,085		19,288,532		309,894		1.55	%		1,072,447		5.56	%
Construction		1,585,873		1,732,075		1,604,612		(146,202	)	(8.44	%)		(18,739	)	(1.17	%)
Mortgage		8,860,185		8,780,334		8,558,408		79,851		0.91	%		301,777		3.53	%
Leasing		1,952,125		1,968,035		1,998,651		(15,910	)	(0.81	%)		(46,526	)	(2.33	%)
Consumer
Credit cards		1,260,053		1,237,997		1,225,567		22,056		1.78	%		34,486		2.81	%
Home equity lines of credit		88,606		85,357		78,890		3,249		3.81	%		9,716		12.32	%
Personal		1,994,260		1,952,725		1,900,325		41,535		2.13	%		93,935		4.94	%
Auto		3,756,459		3,766,648		3,850,953		(10,189	)	(0.27	%)		(94,494	)	(2.45	%)
Other		184,116		175,606		181,220		8,510		4.85	%		2,896		1.60	%
Total Consumer		7,283,494		7,218,333		7,236,955		65,161		0.90	%		46,539		0.64	%
Total loans held-in-portfolio	$	40,042,656	$	39,749,862	$	38,687,158	$	292,794		0.74	%	$	1,355,498		3.50	%
Loans held-for-sale:
Commercial	$	—	$	83,700	$	—	$	(83,700	)	—	%	$	—		—	%
Mortgage	$	3,214	$	4,879	$	7,783	$	(1,665	)	(34.13	%)	$	(4,569	)	(58.70	%)
Total loans held-for-sale	$	3,214	$	88,579	$	7,783	$	(85,365	)	(96.37	%)	$	(4,569	)	(58.70	%)
Total loans	$	40,045,870	$	39,838,441	$	38,694,941	$	207,429		0.52	%	$	1,350,929		3.49	%

Deposits - Ending Balances

	Quarters ended						Variance
(In thousands)	30-Sep-26		30-Jun-26		30-Sep-25 [2]		Δ vs 30-Jun-26			% of Change		Δ vs 30-Sep-25			% of Change
Deposits excluding P.R. public deposits:
Demand deposits	$	15,005,068	$	15,085,454	$	14,874,026	$	(80,386	)	(0.53	%)	$	131,042		0.88	%
Savings, NOW and money market deposits (non-brokered)		23,037,725		23,376,410		22,538,837		(338,685	)	(1.45	%)		498,888		2.21	%
Savings, NOW and money market deposits (brokered)		75,278		79,505		84,592		(4,227	)	(5.32	%)		(9,314	)	(11.01	%)
Time deposits (non-brokered)		8,227,389		8,113,712		8,113,659		113,677		1.40	%		113,730		1.40	%
Time deposits (brokered CDs)		893,371		873,116		826,182		20,255		2.32	%		67,189		8.13	%
Sub-total deposits excluding P.R. public deposits		47,238,831		47,528,197		46,437,296		(289,366	)	(0.61	%)		801,535		1.73	%
P.R. public deposits:
Demand deposits [1]		11,033,195		11,438,732		12,487,246		(405,537	)	(3.55	%)		(1,454,051	)	(11.64	%)
Savings, NOW and money market deposits (non-brokered)		9,515,457		10,347,936		6,907,309		(832,479	)	(8.04	%)		2,608,148		37.76	%
Time deposits (non-brokered)		917,508		918,250		681,553		(742	)	(0.08	%)		235,955		34.62	%
Sub-total P.R. public deposits		21,466,160		22,704,918		20,076,108		(1,238,758	)	(5.46	%)		1,390,052		6.92	%
Total deposits	$	68,704,991	$	70,233,115	$	66,513,404	$	(1,528,124	)	(2.18	%)	$	2,191,587		3.29	%

[1] Includes interest bearing demand deposits. [2] Savings, NOW and money market deposits include reciprocal deposits of $844 million as of September 30, 2026 (June 30, 2026 - $841 million; September 30, 2025 - $799 million) that were categorized as brokered deposits during 2025 and re-characterized as non-brokered in 2026. Similarly, Time deposits include reciprocal deposits of $88 million as of September 30, 2026 (June 30, 2026 - $75 million; September 30, 2025 - $100 million) that were categorized as brokered deposits during 2025 and re-characterized as non-brokered in 2026. The presentation for September 30, 2025 has been adjusted to conform to the presentation for September 30, 2026.

Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table I - Loan Delinquency - BPPR Operations (Unaudited)

30-Sep-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	$	4,608	$	2,472	$	3,222	$	10,302	$	334,459	$	344,761	$	3,222	$	—
Commercial real estate:
Non-owner occupied		4,925		138		25,930		30,993		3,376,262		3,407,255		25,930		—
Owner occupied		5,892		1,238		18,601		25,731		1,179,548		1,205,279		18,601		—
Commercial and industrial		5,920		2,721		188,053		196,694		5,893,457		6,090,151		183,940		4,113
Construction		11,944		—		—		11,944		457,743		469,687		—		—
Mortgage		245,242		115,758		320,383		681,383		6,963,994		7,645,377		130,982		189,401
Leasing		22,785		5,283		7,713		35,781		1,916,344		1,952,125		7,713		—
Consumer:
Credit cards		14,018		9,957		24,279		48,254		1,211,793		1,260,047		—		24,279
Home equity lines of credit		—		—		—		—		1,818		1,818		—		—
Personal		21,317		12,624		16,349		50,290		1,891,960		1,942,250		16,349		—
Auto		111,097		20,747		32,223		164,067		3,592,392		3,756,459		32,223		—
Other		340		121		3,491		3,952		165,537		169,489		2,994		497
Total	$	448,088	$	171,059	$	640,244	$	1,259,391	$	26,985,307	$	28,244,698	$	421,954	$	218,290

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

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	$	(6,115	)	$	2,472		$	3,222		$	(421	)	$	(777	)	$	(1,198	)	$	3,222		$	—
Commercial real estate:
Non-owner occupied		2,175			(22	)		(86	)		2,067			84,093			86,160			(86	)		—
Owner occupied		3,839			1,238			3,227			8,304			40,294			48,598			3,227			—
Commercial and industrial		857			637			45,106			46,600			(119,517	)		(72,917	)		45,551			(445	)
Construction		11,944			—			—			11,944			31,893			43,837			—			—
Mortgage		17,160			7,538			(356	)		24,342			91,485			115,827			1,742			(2,098	)
Leasing		427			(266	)		531			692			(16,602	)		(15,910	)		531			—
Consumer:
Credit cards		1,960			1,469			912			4,341			17,696			22,037			—			912
Home equity lines of credit		—			—			—			—			(34	)		(34	)		—			—
Personal		3,533			1,835			(256	)		5,112			41,119			46,231			(256	)		—
Auto		11,332			1,195			749			13,276			(23,465	)		(10,189	)		749			—
Other		13			(675	)		(378	)		(1,040	)		6,460			5,420			(550	)		172
Total	$	47,125		$	15,421		$	52,671		$	115,217		$	152,645		$	267,862		$	54,130		$	(1,459	)

Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table J - Loan Delinquency - Popular U.S. Operations (Unaudited)

30-Sep-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	$	4,985	$	2,132	$	7,151	$	14,268	$	2,037,952	$	2,052,220	$	7,151	$	—
Commercial real estate:																—
Non-owner occupied		27,718		2,059		6,329		36,106		2,399,379		2,435,485		6,329		—
Owner occupied		5,048		—		8,865		13,913		2,193,008		2,206,921		8,865		—
Commercial and industrial		8,696		7,792		8,632		25,120		2,593,787		2,618,907		8,469		163
Construction		—		12,491		—		12,491		1,103,695		1,116,186		—		—
Mortgage		1,276		3,977		9,256		14,509		1,200,299		1,214,808		9,256		—
Consumer:																—
Credit cards		—		—		—		—		6		6		—		—
Home equity lines of credit		735		1,046		2,876		4,657		82,131		86,788		2,876		—
Personal		614		399		837		1,850		50,160		52,010		837		—
Other		—		—		48		48		14,579		14,627		48		—
Total	$	49,072	$	29,896	$	43,994	$	122,962	$	11,674,996	$	11,797,958	$	43,831	$	163

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

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	$	(181	)	$	2,132		$	(1,780	)	$	171		$	(1,416	)	$	(1,245	)	$	(1,780	)	$	—
Commercial real estate:
Non-owner occupied		26,118			(1,332	)		(621	)		24,165			111,540			135,705			(621	)		—
Owner occupied		4,054			(1,438	)		—			2,616			104,284			106,900			—			—
Commercial and industrial		3,024			7,734			1,895			12,653			(4,762	)		7,891			1,906			(11	)
Construction		—			—			—			—			(190,039	)		(190,039	)		—			—
Mortgage		378			1,204			(977	)		605			(36,581	)		(35,976	)		(977	)		—
Consumer:
Credit cards		—			—			—			—			19			19			—			—
Home equity lines of credit		(177	)		927			(444	)		306			2,977			3,283			(444	)		—
Personal		101			(257	)		86			(70	)		(4,626	)		(4,696	)		86			—
Other		(441	)		—			48			(393	)		3,483			3,090			48			—
Total	$	32,876		$	8,970		$	(1,793	)	$	40,053		$	(15,121	)	$	24,932		$	(1,782	)	$	(11	)

Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table K - Loan Delinquency - Consolidated (Unaudited)

30-Sep-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	$	9,593	$	4,604	$	10,373	$	24,570	$	2,372,411	$	2,396,981	$	10,373	$	—
Commercial real estate:
Non-owner occupied		32,643		2,197		32,259		67,099		5,775,641		5,842,740		32,259		—
Owner occupied		10,940		1,238		27,466		39,644		3,372,556		3,412,200		27,466		—
Commercial and industrial		14,616		10,513		196,685		221,814		8,487,244		8,709,058		192,409		4,276
Construction		11,944		12,491		—		24,435		1,561,438		1,585,873		—		—
Mortgage		246,518		119,735		329,639		695,892		8,164,293		8,860,185		140,238		189,401
Leasing		22,785		5,283		7,713		35,781		1,916,344		1,952,125		7,713		—
Consumer:
Credit cards		14,018		9,957		24,279		48,254		1,211,799		1,260,053		—		24,279
Home equity lines of credit		735		1,046		2,876		4,657		83,949		88,606		2,876		—
Personal		21,931		13,023		17,186		52,140		1,942,120		1,994,260		17,186		—
Auto		111,097		20,747		32,223		164,067		3,592,392		3,756,459		32,223		—
Other		340		121		3,539		4,000		180,116		184,116		3,042		497
Total	$	497,160	$	200,955	$	684,238	$	1,382,353	$	38,660,303	$	40,042,656	$	465,785	$	218,453

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

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	$	(6,296	)	$	4,604		$	1,442		$	(250	)	$	(2,193	)	$	(2,443	)	$	1,442		$	—
Commercial real estate:
Non-owner occupied		28,293			(1,354	)		(707	)		26,232			195,633			221,865			(707	)		—
Owner occupied		7,893			(200	)		3,227			10,920			144,578			155,498			3,227			—
Commercial and industrial		3,881			8,371			47,001			59,253			(124,279	)		(65,026	)		47,457			(456	)
Construction		11,944			—			—			11,944			(158,146	)		(146,202	)		—			—
Mortgage		17,538			8,742			(1,333	)		24,947			54,904			79,851			765			(2,098	)
Leasing		427			(266	)		531			692			(16,602	)		(15,910	)		531			—
Consumer:
Credit cards		1,960			1,469			912			4,341			17,715			22,056			—			912
Home equity lines of credit		(177	)		927			(444	)		306			2,943			3,249			(444	)		—
Personal		3,634			1,578			(170	)		5,042			36,493			41,535			(170	)		—
Auto		11,332			1,195			749			13,276			(23,465	)		(10,189	)		749			—
Other		(428	)		(675	)		(330	)		(1,433	)		9,943			8,510			(502	)		172
Total	$	80,001		$	24,391		$	50,878		$	155,270		$	137,524		$	292,794		$	52,348		$	(1,470	)

Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table L - Non-Performing Assets (Unaudited)

																Variance
(Dollars in thousands)	30-Sep-26			As a % of loans HIP by category		30-Jun-26			As a % of loans HIP by category		30-Sep-25			As a % of loans HIP by category		Q3 2026 vs. Q2 2026			Q3 2026 vs Q3 2025
Non-accrual loans:
Commercial
Commercial multi-family	$	10,373		0.4	%	$	8,931		0.4	%	$	8,641		0.3	%	$	1,442		$	1,732
Commercial real estate non-owner occupied		32,259		0.6			32,966		0.6			44,126		0.8			(707	)		(11,867	)
Commercial real estate owner occupied		27,466		0.8			24,239		0.7			25,619		0.8			3,227			1,847
Commercial and industrial		192,409		2.2			144,952		1.7			174,491		2.1			47,457			17,918
Total Commercial		262,507		1.3			211,088		1.1			252,877		1.3			51,419			9,630
Mortgage		140,238		1.6			139,473		1.6			167,767		2.0			765			(27,529	)
Leasing		7,713		0.4			7,182		0.4			7,747		0.4			531			(34	)
Consumer
Home equity lines of credit		2,876		3.2			3,320		3.9			3,257		4.1			(444	)		(381	)
Personal		17,186		0.9			17,356		0.9			19,316		1.0			(170	)		(2,130	)
Auto		32,223		0.9			31,474		0.8			49,432		1.3			749			(17,209	)
Other		3,042		1.7			3,544		2.0			1,806		1.0			(502	)		1,236
Total Consumer		55,327		0.8			55,694		0.8			73,811		1.0			(367	)		(18,484	)
Total non-performing loans held-in-portfolio		465,785		1.2	%		413,437		1.0	%		502,202		1.3	%		52,348			(36,417	)
Non-performing loans held-for-sale		—					83,700					—					(83,700	)		—
Other real estate owned (“OREO”)		44,299					49,557					42,950					(5,258	)		1,349
Total non-performing assets		510,084					546,694					545,152					(36,610	)		(35,068	)
Accruing loans past due 90 days or more [1]		218,453					219,923					205,356				$	(1,470	)	$	13,097
Ratios:
Non-performing assets to total assets		0.66	%				0.69	%				0.73	%
Non-performing loans held-in-portfolio to loans held-in-portfolio		1.16					1.04					1.30
Allowance for credit losses to loans held-in-portfolio		1.92					1.97					2.03
Allowance for credit losses to non-performing loans, excluding loans held-for-sale		165.46					189.83					156.55

[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 $35 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of September 2026 (June 2026 - $40 million ; September 2025 - $49 million). Furthermore, the Corporation has approximately $23 million reverse mortgage loans which are guaranteed by FHA, as of September 2026 . Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets (June 2026 - $25 million ; September 2025 - $29 million ).

Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table M - Activity in Non-Performing Loans (Unaudited) Commercial loans held-in-portfolio:

	Quarter ended									Quarter ended
	30-Sep-26									30-Jun-26
(In thousands)	BPPR			Popular U.S.			Popular, Inc.			BPPR			Popular U.S.			Popular, Inc.
Beginning balance NPLs	$	179,779		$	31,309		$	211,088		$	226,642		$	24,473		$	251,115
Plus:
New non-performing loans		91,131			5,924			97,055			136,095			16,382			152,477
Advances on existing non-performing loans		—			210			210			—			62			62
Less:
Non-performing loans transferred to OREO		—			—			—			(301	)		—			(301	)
Non-performing loans charged-off		(34,809	)		(585	)		(35,394	)		(73,035	)		(1,571	)		(74,606	)
Loans returned to accrual status / loan collections		(4,408	)		(6,044	)		(10,452	)		(25,922	)		(8,037	)		(33,959	)
Loans transferred to held-for-sale		—			—			—			(83,700	)		—			(83,700	)
Ending balance NPLs	$	231,693		$	30,814		$	262,507		$	179,779		$	31,309		$	211,088

Mortgage loans held-in-portfolio:

	Quarter ended									Quarter ended
	30-Sep-26									30-Jun-26
(In thousands)	BPPR			Popular U.S.			Popular, Inc.			BPPR			Popular U.S.			Popular, Inc.
Beginning balance NPLs	$	129,240		$	10,233		$	139,473		$	129,367		$	9,700		$	139,067
Plus:
New non-performing loans		30,624			2,804			33,428			30,664			3,251			33,915
Advances on existing non-performing loans		—			—			—			—			4			4
Less:
Non-performing loans transferred to OREO		(1,497	)		—			(1,497	)		(1,985	)		—			(1,985	)
Non-performing loans charged-off		44			(4	)		40			119			(9	)		110
Loans returned to accrual status / loan collections		(27,429	)		(3,777	)		(31,206	)		(28,925	)		(2,713	)		(31,638	)
Ending balance NPLs	$	130,982		$	9,256		$	140,238		$	129,240		$	10,233		$	139,473

Total non-performing loans held-in-portfolio (excluding consumer):

	Quarter ended									Quarter ended
	30-Sep-26									30-Jun-26
(In thousands)	BPPR			Popular U.S.			Popular, Inc.			BPPR			Popular U.S.			Popular, Inc.
Beginning balance NPLs	$	309,019		$	41,542		$	350,561		$	356,009		$	34,173		$	390,182
Plus:
New non-performing loans		121,755			8,728			130,483			166,759			19,633			186,392
Advances on existing non-performing loans		—			210			210			—			66			66
Less:
Non-performing loans transferred to OREO		(1,497	)		—			(1,497	)		(2,286	)		—			(2,286	)
Non-performing loans charged-off		(34,765	)		(589	)		(35,354	)		(72,916	)		(1,580	)		(74,496	)
Loans returned to accrual status / loan collections		(31,837	)		(9,821	)		(41,658	)		(54,847	)		(10,750	)		(65,597	)
Loans transferred to held-for-sale		—			—			—			(83,700	)		—			(83,700	)
Ending balance NPLs	$	362,675		$	40,070		$	402,745		$	309,019		$	41,542		$	350,561

Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table N - Allowance for Credit Losses, Net Charge-offs and Related Ratios (Unaudited)

	Quarters ended
(In thousands)	30-Sep-26			30-Jun-26			30-Sep-25
Balance at beginning of period - loans held-in-portfolio	$	784,832		$	823,729		$	769,485
Provision for credit losses		58,788			65,154			74,517
Initial allowance for credit losses - PCD Loans		3			2			6
		843,623			888,885			844,008
Net loans charge-off (recovered)- BPPR
Commercial:
Commercial multi-family		(2	)		—			(2	)
Commercial real estate non-owner occupied		(676	)		(4,102	)		12,614
Commercial real estate owner occupied		(4,211	)		(2,063	)		(947	)
Commercial and industrial		34,085			73,406			1,467
Total Commercial		29,196			67,241			13,132
Construction		(80	)		—			—
Mortgage		(3,324	)		(4,922	)		(2,216	)
Leasing		1,605			1,840			2,054
Consumer:
Credit cards		13,739			14,300			15,310
Home equity lines of credit		(107	)		(44	)		(89	)
Personal		17,212			16,143			15,685
Auto		13,067			5,808			12,036
Other Consumer		769			1,322			627
Total Consumer		44,680			37,529			43,569
Total net charged-off BPPR	$	72,077		$	101,688		$	56,539
Net loans charge-off (recovered) - Popular U.S.
Commercial:
Commercial multi-family		—			1,312			(60	)
Commercial real estate owner occupied		626			(139	)		(16	)
Commercial and industrial		(127	)		87			660
Total Commercial		499			1,260			584
Construction		—			—			—
Mortgage		(32	)		(31	)		(36	)
Consumer:
Credit cards		—			1			—
Home equity lines of credit		(428	)		(106	)		(423	)
Personal		804			1,233			1,109
Other Consumer		16			8			15
Total Consumer		392			1,136			701
Total net charged-off Popular U.S.	$	859		$	2,365		$	1,249
Total loans net charged-off - Popular, Inc.	$	72,936		$	104,053		$	57,788
Balance at end of period - loans held-in-portfolio	$	770,687		$	784,832		$	786,220
Balance at beginning of period - unfunded commitments	$	14,936		$	14,547		$	13,053
Provision for credit losses (benefit)		(22	)		389			770
Balance at end of period - unfunded commitments [1]	$	14,914		$	14,936		$	13,823
POPULAR, INC.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio		0.73	%		1.05	%		0.60	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs		80.60	%		62.62	%		128.95	%
BPPR
Annualized net charge-offs (recoveries) to average loans held-in-portfolio		1.03	%		1.46	%		0.84	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs		85.09	%		60.71	%		128.48	%
Popular U.S.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio		0.03	%		0.08	%		0.04	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs		(295.81	%)		144.44	%		150.36	%

[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 Third Quarter 2026 Earnings Release Table O - Allowance for Credit Losses “ACL”- Loan Portfolios - BPPR Operations (Unaudited)

30-Sep-26
BPPR
(Dollars in thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	3,420	$	344,761	0.99	%
Commercial real estate - non-owner occupied		38,230		3,407,255	1.12	%
Commercial real estate - owner occupied		38,653		1,205,279	3.21	%
Commercial and industrial		175,264		6,090,151	2.88	%
Total commercial	$	255,567	$	11,047,446	2.31	%
Construction		4,193		469,687	0.89	%
Mortgage		69,390		7,645,377	0.91	%
Leasing		16,870		1,952,125	0.86	%
Consumer:
Credit cards		84,992		1,260,047	6.75	%
Home equity lines of credit		47		1,818	2.59	%
Personal		89,962		1,942,250	4.63	%
Auto		152,931		3,756,459	4.07	%
Other		7,590		169,489	4.48	%
Total consumer	$	335,522	$	7,130,063	4.71	%
Total	$	681,542	$	28,244,698	2.41	%

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	%

Variance
(Dollars in thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	(649	)	$	(1,198	)	(0.18	%)
Commercial real estate - non-owner occupied		(1,949	)		86,160		(0.09	%)
Commercial real estate - owner occupied		3,104			48,598		0.13	%
Commercial and industrial		8,477			(72,917	)	0.17	%
Total commercial	$	8,983		$	60,643		0.07	%
Construction		(610	)		43,837		(0.24	%)
Mortgage		(1,108	)		115,827		(0.03	)%
Leasing		(757	)		(15,910	)	(0.03	)%
Consumer:
Credit cards		175			22,037		(0.11	)%
Home equity lines of credit		(5	)		(34	)	(0.22	%)
Personal		(6,052	)		46,231		(0.43	%)
Auto		(11,612	)		(10,189	)	(0.30	%)
Other		241			5,420		—	%
Total consumer	$	(17,253	)	$	63,465		(0.29	%)
Total	$	(10,745	)	$	267,862		(0.06	)%

Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table P - Allowance for Credit Losses “ACL”- Loan Portfolios - POPULAR U.S. Operations (Unaudited)

30-Sep-26
Popular U.S.
(Dollars in thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	12,391	$	2,052,220	0.60	%
Commercial real estate - non-owner occupied		14,418		2,435,485	0.59	%
Commercial real estate - owner occupied		19,180		2,206,921	0.87	%
Commercial and industrial		21,415		2,618,907	0.82	%
Total commercial	$	67,404	$	9,313,533	0.72	%
Construction		7,161		1,116,186	0.64	%
Mortgage		8,258		1,214,808	0.68	%
Consumer:
Credit cards		—		6	—	%
Home equity lines of credit		1,679		86,788	1.93	%
Personal		4,639		52,010	8.92	%
Other		4		14,627	0.03	%
Total consumer	$	6,322	$	153,431	4.12	%
Total	$	89,145	$	11,797,958	0.76	%

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	%

Variance
(Dollars in thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	(2,459	)	$	(1,245	)	(0.12	%)
Commercial real estate - non-owner occupied		(1,213	)		135,705		(0.09	%)
Commercial real estate - owner occupied		2,090			106,900		0.06	%
Commercial and industrial		2,806			7,891		0.10	%
Total commercial	$	1,224		$	249,251		(0.01	%)
Construction		(2,396	)		(190,039	)	(0.09	%)
Mortgage		(766	)		(35,976	)	(0.04	%)
Consumer:
Credit cards		—			19		—	%
Home equity lines of credit		308			3,283		0.29	%
Personal		(1,769	)		(4,696	)	(2.38	%)
Other		(1	)		3,090		(0.02	%)
Total consumer	$	(1,462	)	$	1,696		(1.01	)%
Total	$	(3,400	)	$	24,932		(0.03	%)

Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table Q - Allowance for Credit Losses “ACL”- Loan Portfolios - Consolidated (Unaudited)

30-Sep-26
Pop Inc.
(Dollars in thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	15,811	$	2,396,981	0.66	%
Commercial real estate - non-owner occupied		52,648		5,842,740	0.90	%
Commercial real estate - owner occupied		57,833		3,412,200	1.69	%
Commercial and industrial		196,679		8,709,058	2.26	%
Total commercial	$	322,971	$	20,360,979	1.59	%
Construction		11,354		1,585,873	0.72	%
Mortgage		77,648		8,860,185	0.88	%
Leasing		16,870		1,952,125	0.86	%
Consumer:
Credit cards		84,992		1,260,053	6.75	%
Home equity lines of credit		1,726		88,606	1.95	%
Personal		94,601		1,994,260	4.74	%
Auto		152,931		3,756,459	4.07	%
Other		7,594		184,116	4.12	%
Total consumer	$	341,844	$	7,283,494	4.69	%
Total	$	770,687	$	40,042,656	1.92	%

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	%

Variance
(Dollars in thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	(3,108	)	$	(2,443	)	(0.13	%)
Commercial real estate - non-owner occupied		(3,162	)		221,865		(0.09	%)
Commercial real estate - owner occupied		5,194			155,498		0.08	%
Commercial and industrial		11,283			(65,026	)	0.15	%
Total commercial	$	10,207		$	309,894		0.03	%
Construction		(3,006	)		(146,202	)	(0.11	%)
Mortgage		(1,874	)		79,851		(0.03	)%
Leasing		(757	)		(15,910	)	(0.03	)%
Consumer:
Credit cards		175			22,056		(0.11	)%
Home equity lines of credit		303			3,249		0.28	%
Personal		(7,821	)		41,535		(0.50	%)
Auto		(11,612	)		(10,189	)	(0.30	%)
Other		240			8,510		(0.06	%)
Total consumer	$	(18,715	)	$	65,161		(0.30	%)
Total	$	(14,145	)	$	292,794		(0.05	)%

Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table R - Reconciliation to GAAP Financial Measures (Unaudited)

	Quarters ended
(In thousands, except share or per share information)	30-Sep-26			30-Jun-26			30-Sep-25
Total stockholders’ equity	$	6,238,844		$	6,433,005		$	6,115,672
Less: Preferred stock		(22,143	)		(22,143	)		(22,143	)
Less: Goodwill		(789,954	)		(789,954	)		(789,954	)
Less: Other intangibles		(3,924	)		(4,308	)		(5,460	)
Total tangible common equity	$	5,422,823		$	5,616,600		$	5,298,115
Total assets	$	77,758,872		$	78,972,300		$	75,065,798
Less: Goodwill		(789,954	)		(789,954	)		(789,954	)
Less: Other intangibles		(3,924	)		(4,308	)		(5,460	)
Total tangible assets	$	76,964,994		$	78,178,038		$	74,270,384
Tangible common equity to tangible assets		7.05	%		7.18	%		7.13	%
Common shares outstanding at end of period		62,834,136			63,866,681			66,959,866
Tangible book value per common share	$	86.30		$	87.94		$	79.12

	Quarterly average
	30-Sep-26			30-Jun-26			30-Sep-25
Total stockholders’ equity	$	6,439,803		$	6,354,694		$	6,882,514		[1]
Less: Preferred Stock		(22,143	)		(22,143	)		(22,143	)
Less: Goodwill		(789,954	)		(789,954	)		(802,812	)
Less: Other intangibles		(4,177	)		(4,559	)		(5,714	)
Total tangible common equity before adjusting for the impact of unrealized (gains) losses on AFS securities including those transferred to HTM	$	5,623,529		$	5,538,038		$	6,051,845
Return on average tangible common equity before adjusting for the impact of unrealized (gains) losses on AFS securities including those transferred to HTM		18.76	%		20.12	%		13.83	%
Add: Average unrealized (gains) losses on AFS securities		903,931			824,631			61,027
Add: Average unrealized (gains) losses on AFS securities transferred to HTM		150,274			184,136			296,934
Total tangible common equity after adding back of impact of unrealized (gains) losses on AFS securities, including those transferred to HTM	$	6,677,734		$	6,546,805		$	6,409,806
ROTCE		15.80	%		17.02	%		13.06	%

[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/20261022462462/en/

Popular, Inc.
Investor Relations:
Paul J. Cardillo, 212-417-6721
Senior Vice President and Investor Relations Officer
pcardillo@popular.com
or
Media Relations:
MC González Noguera, 917-804-5253
Executive Vice President and Chief Communications & Public Affairs Officer
mc.gonzalez@popular.com

Source: Popular, Inc.

Key Terms

non-gaap financial

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

nim financial

NIM (net interest margin) measures the gap between the interest a bank earns on loans and other interest‑producing assets and the interest it pays to depositors and creditors, shown as a percentage of the bank’s earning assets. Think of it like a store’s markup: a wider NIM means the bank keeps more money from its core lending activity, boosting profit potential. Investors watch NIM because shifts reveal how profitable a bank’s lending is, and how sensitive that profit is to interest‑rate changes and shifts in the mix of loans versus other assets.

fte financial

A full-time equivalent (FTE) is a way to count labor by converting part-time and variable hours into the number of full-time workers they equal; for example, two half-time employees equal one FTE. Investors use FTEs to compare staffing levels, payroll exposure, and productivity across periods or companies, similar to comparing vehicle fleet size rather than counting drivers who work varying shifts. It helps standardize workforce cost and capacity measures.

npl financial

Non-performing loan (NPL) is a loan where the borrower has stopped making scheduled interest or principal payments for a prolonged period, typically 90 days or more. Investors watch NPL levels because they act like warning lights on a lender’s balance sheet: rising NPLs signal more lost income and potential write-downs, reducing future profits and the value of a bank or lender much like unpaid rent hurts a landlord’s cash flow and property value.

nco financial

NCO stands for net charge-offs, the amount of loan principal a lender writes off as uncollectible during a reporting period after subtracting any recoveries on loans previously charged off. It is a flow measure showing realized credit losses (charges off less recoveries) and is reported in a bank or finance company's results separately from provisions for credit losses, which are accruals meant to cover expected future losses.

Popular, Inc. Announces Third Quarter 2026 Financial Results

Key Terms

Keep reading

More on BPOP

Trending in the feed

Popular, Inc. Announces Third Quarter 2026 Financial Results

Key Terms

Keep reading

More on BPOP

Trending in the feed

Related articles