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  4. [8-K] POPULAR, INC. Reports Material Event

Popular Q3 EPS rises 34%; loan-growth outlook cut to 2%

Popular's revised 2026 outlook raises net interest income growth expectations while increasing charge-off guidance and lowering loan-growth expectations.

Filing Impact
(High)
Filing Sentiment

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Form Type
8-K

Rhea-AI Filing Summary

Popular, Inc. (BPOP) reported third-quarter 2026 net income of $266.3 million and diluted EPS of $4.21; EPS was 34% above the third quarter of 2025 but 3% below the second quarter of 2026. Net interest income was $698.9 million, compared with $646.5 million a year earlier; non-interest income was $175.7 million and operating expenses were $505.6 million.

Popular repurchased 1,060,241 common shares for $179 million at an average price of $168.40 per share and declared a quarterly common dividend of $0.90 per share, a 20% increase. The non-performing loan ratio rose to 1.16% from 1.04% in Q2, while the net charge-off ratio declined to 0.73% from 1.05%.

Updated 2026 guidance calls for approximately 8.5% net interest income growth, annualized net charge-offs of 80–90 basis points, 2% loan growth, 2% operating expense growth and a 14% effective tax rate; Popular expects approximately $170 million of non-interest income in Q4. The company attributed the higher charge-off outlook to year-to-date charge-offs and commercial-portfolio non-performing loan inflows, and cited lower auto and lease-financing activity for the reduced loan-growth outlook.

3 points · 0 major

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0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

  • Moderate pointNet income increased $55 million year over year to $266.3 million.
  • Moderate pointNet interest income increased $52.4 million year over year.
  • Moderate pointQuarterly common dividend increased 20% to $0.90 per share.

Negative

  • Moderate point. Forward-looking: it has not happened yet and may not happen.2026 annualized net charge-off guidance increased to 80–90 basis points.
  • Moderate point. Forward-looking: it has not happened yet and may not happen.2026 loan-growth guidance was reduced to 2%.

Filing Explained

Puerto Rico public deposits were 31% of total deposits at September 30, with Popular expecting $20–22 billion for the rest of 2026.

This Popular, Inc. Form 8-K furnishes unaudited results for the quarter ended September 30, 2026. Deposits stood at $68.7 billion at quarter-end, down $1.5 billion from June 30, 2026; $1.2 billion of the decline came from Puerto Rico public deposits. Those public deposits were 31% of total deposits, and Popular expected them to range from $20 billion to $22 billion for the rest of 2026.

Stockholders’ equity fell $194 million from June 30, largely reflecting $255 million in unrealized losses on available-for-sale debt securities, $179 million in common-stock repurchases and $57 million in dividends, partly offset by $266 million in net income. The Common Equity Tier 1 ratio was 16.06%, down 2 basis points from the prior quarter.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Net income $266.3 million Third quarter 2026; $211.3 million in the third quarter of 2025
Diluted EPS $4.21 Third quarter 2026; 34% higher than the third quarter of 2025
Net interest income $698.9 million Third quarter 2026; $646.5 million in the third quarter of 2025
Quarterly common dividend $0.90 per share Declared for the quarter; a 20% increase from $0.75 per share
Common stock repurchases 1,060,241 shares; $179 million Third quarter 2026; average price of $168.40 per share
Non-performing loan ratio 1.16% Third quarter 2026, compared with 1.04% in the second quarter
Annualized net charge-off guidance 80–90 basis points Updated full-year 2026 guidance; previously 55–70 basis points
Loan growth guidance 2% increase for the year Updated full-year 2026 guidance; previously 3%–4% growth
Net interest margin financial
"Net interest margin ("NIM") decreased three basis points to 3.63%."
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
Non-performing loans financial
"Total NPLs held-in-portfolio increased $52 million to $466 million"
Loans on a bank’s books where the borrower has stopped making scheduled payments for a prolonged period (commonly about 90 days), so the lender no longer expects full repayment on time. Think of them as overdue IOUs that may never be paid back; a rising level of such loans weakens a lender’s earnings and balance sheet, signals greater credit risk in the economy, and can hurt investors through lower dividends, loan losses, or declines in the lender’s stock value.
Allowance for credit losses financial
"The ACL as of September 30, 2026 amounted to $771 million"
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
Common Equity Tier 1 financial
"The Corporation's Common Equity Tier 1 capital ratio was 16.06%"
Common Equity Tier 1 is the highest-quality capital a bank holds—mainly common shares and retained profits—that acts as the primary cushion against losses. Investors use the CET1 level and ratio to judge a bank’s financial strength and regulatory standing: a bigger cushion means the bank is better able to absorb shocks, sustain payouts and borrow cheaply, much like an emergency fund for a household.
fully taxable equivalent financial
"Net interest income fully taxable equivalent ("FTE")"
A fully taxable equivalent converts a tax-free yield into the pretax yield you would need from a taxable investment to get the same after-tax return, using an investor’s marginal tax rate. Think of it like inflating a discounted price to the full sticker price so you can compare items side‑by‑side; investors use it to fairly compare tax-exempt securities with taxable alternatives and choose the better after-tax income.
Net income $266.3 million Up $55 million year over year
Diluted EPS $4.21 Up $1.07 year over year; down 3% from Q2 2026
Net interest income $698.9 million Up $52.4 million year over year
Non-performing loan ratio 1.16% Up 12 basis points from Q2 2026
Net charge-off ratio 0.73% Down 32 basis points from Q2 2026
Common dividend declared per share $0.90 Up 20% from $0.75
Guidance

Updated FY 2026 guidance: net interest income approximately 8.5% increase for the year; non-interest income approximately $170 million in Q4; annualized net charge-offs 80–90 basis points; operating expenses 2% increase for the year; effective tax rate 14%; loan growth 2% increase for the year.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were BPOP's third-quarter 2026 earnings?
Popular reported net income of $266.3 million and diluted EPS of $4.21 for the quarter ended September 30, 2026. Diluted EPS was 34% higher than a year earlier and 3% lower than in the second quarter of 2026.

What changed in BPOP's 2026 guidance?
Popular's updated full-year 2026 outlook calls for approximately 8.5% net interest income growth, annualized net charge-offs of 80–90 basis points, loan growth of 2%, operating expense growth of 2%, and a 14% effective tax rate. It also projects approximately $170 million of non-interest income in Q4.

How many shares did BPOP repurchase in the third quarter of 2026?
Popular repurchased 1,060,241 common shares for $179 million at an average price of $168.40 per share. Common and preferred dividends together with common stock repurchases represented $236 million of capital returned to shareholders during the quarter.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR
0000763901FALSE00007639012026-10-222026-10-220000763901us-gaap:CommonStockMember2026-10-222026-10-220000763901bpop:CumulativePreferredStockSixPointOneTwoFivePercentMember2026-10-222026-10-22
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________
Form 8-K
__________________________
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 22, 2026
__________________________
POPULAR, INC.
(Exact name of registrant as specified in its charter)
__________________________
Puerto Rico
001-34084
66-0667416
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(IRS Employer
Identification Number)
209 Muñoz Rivera Avenue
Hato Rey, Puerto Rico
00918
(Address of principal executive offices)
(Zip code)
(787) 765-9800
(Registrant’s telephone number, including area code)
NOT APPLICABLE
(Former name, former address and former fiscal year, if changed since last report)
__________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock ($0.01 par value)
BPOP
The NASDAQ Stock Market
6.125% Cumulative Monthly Income
Trust Preferred Securities
BPOPM
The NASDAQ Stock Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act
of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the
Exchange Act. ☐
2
Item 2.02.          Results of Operations and Financial Condition.
On October 22, 2026, Popular, Inc. (the “Corporation”) issued a press release announcing its unaudited financial
results for the quarter ended September 30, 2026, a copy of which is attached as Exhibit 99.1 to this Current Report on
Form 8-K.
The information furnished pursuant to this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1,
shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated
by reference into any of the Corporation’s filings under the Securities Act of 1933, as amended, unless otherwise expressly
stated in such filing.
Item 7.01.          Regulation FD Disclosure.
The Corporation is furnishing information regarding its conference call to discuss its financial results for the quarter
ended September 30, 2026. A copy of the presentation to be used by the Corporation on the conference call is attached
hereto as Exhibit 99.2.
The information furnished pursuant to this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2,
shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated
by reference into any of the Corporation’s filings under the Securities Act of 1933, as amended, unless otherwise expressly
stated in such filing.
Item 9.01.          Financial Statements and Exhibits.
Exhibits 99.1 and 99.2 shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended.
99.1
Press Release dated October 22, 2026 – Third Quarter 2026 Financial Results.
99.2
Popular, Inc. Conference Call Presentation – Third Quarter 2026 Financial Results.
101
Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business
Reporting Language).
104
Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).
3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly authorized.
POPULAR, INC.
(Registrant)
Date: October 22, 2026
By:
/s/ Denissa M. Rodríguez
Denissa M. Rodríguez
Senior Vice President and Corporate Comptroller
1
Exhibit 99.1
logo.jpg
SAN JUAN, Puerto Rico – (BUSINESS WIRE) – Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:
BPOP)
Popular, Inc. Announces Third Quarter 2026 Financial Results
FINANCIAL HIGHLIGHTS
($ in millions, except per share information)
Quarters ended
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.
2
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
3
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%.
4
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.
5
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.
6
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.
7
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.
8
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
9
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.
10
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.
11
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
12
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.
13
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
14
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
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)
16
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.
17
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.
18
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.
19
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
20
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.
21
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
22
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)
23
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
24
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)
25
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
26
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)
27
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 ).
28
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
29
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.
30
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%
31
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)%
32
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%
33
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%)
34
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%
35
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)%
36
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.
37
CONTACTS:
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
Investor Presentation Third Quarter 2026

 

Cautionary Note Regarding Forward-Looking Statements This presentation 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 and objectives, outlook, performance, earnings and expenses. These statements are not guarantees of future performance, are based on the current expectations of Popular, Inc.’s management and, by their nature, involve risks, uncertainties, estimates and assumptions. Potential factors, some of which are beyond our control, could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. More information on the risks and important factors that could affect our 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 quarters ended March 31, 2026 and 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 our website (www.popular.com) and on the Securities and Exchange Commission website (www.sec.gov). We assume no obligation to update or revise any forward-looking statements which speak as of their respective dates. 2

 

Strategic Framework BE SIMPLE AND EFFICIENT Deliver solutions faster, improve productivity and reduce costs BE THE #1 BANK FOR OUR CUSTOMERS Meet customers where they are. We are their first choice, always one step ahead, fostering loyalty and deepening relationships at every stage of their lives, to drive growth BE A TOP PERFORMING BANK Become a performance-driven organization with top talent delivering profitable growth and sustainable long-term value to our shareholders 3

 

Q3 2026 Highlights See Slide 15 for footnotes Differences due to rounding ($ in millions, except per share information) Income Statement Q3 2026 Q2 2026 Change Q3 2025 Net Income $ 266 $ 278 $ (12) $ 211 Net Interest Margin (NIM) 3.63% 3.66% -3 bps 3.51% Net Interest Margin FTE1 4.16% 4.17% -1 bps 3.90% Total Deposit Costs 1.64% 1.57% 7 bps 1.79% EPS $ 4.21 $ 4.35 $ (0.14) $ 3.15 Financial Ratios ROA 1.32% 1.41% -9 bps 1.09% ROTCE2 15.80% 17.02% -122 bps 13.06% Ending Balances Loans Held-in-Portfolio $ 40,043 $ 39,750 $ 293 $ 38,687 Total Assets 77,759 78,972 (1,213) 75,066 Total Deposits 68,705 70,233 (1,528) 66,513 Borrowings 1,325 1,463 (138) 1,247 Credit Quality Non-Performing Loans (NPLs) $ 466 $ 413 $ 53 $ 502 NPL Ratio 1.16% 1.04% 12 bps 1.30% NCO Ratio 0.73% 1.05% -32 bps 0.60% ACL-NPL Ratio 165% 190% (25%) 157% Capital Common Equity Tier 1 16.06% 16.08% -2 bps 15.79% Tangible Book Value Per Share $ 86.30 $ 87.94 $ (1.64) $ 79.12 Capital Returned to Shareholders3 236 174 62 170 Financial Highlights Quarter Highlights Highlights: • ROTCE of 15.80% vs. 17.02% in Q2 • Net interest income increased $6 million to $699 million driven by higher income from U.S. Treasury securities and loans • NIM decreased 3 bps to 3.63%; FTE NIM decreased 1 bp to 4.16% • Loans held-in-portfolio increased $293 million driven by commercial, mortgage and consumer loans • Total deposits decreased $1.5 billion or 2%; excluding P.R. public deposits, customer deposits decreased $289 million or 1% • NPLs increased $53 million to $466 million, driven by a $74 million commercial relationship; NPL ratio at 1.16% vs. 1.04% • NCO Ratio of 0.73% vs. 1.05% in Q2; NCOs included a $34 million partial charge-off related to a commercial loan relationship classified as NPL in Q2 • Tangible book value per share decreased $1.64 or 2% to $86.30, impacted by higher unrealized losses on AFS investment securities Capital Actions: • During the quarter repurchased $179 million in common stock at an average price of $168.40 and paid quarterly common stock dividend of $0.75 per share - in Q3 declared an increase of our quarterly common stock dividend from $0.75 to $0.90 per share, paid on October 1st • YTD capital returned to shareholders of $614 million, including $459 million in common stock repurchases at an average price of $150.55 per share 4

 

Q3 2026 Business Highlights Differences due to rounding ($ in millions) Q3 2026 Q2 2026 Change Q3 2025 Net Income $ 222 $ 233 $ (11) $ 189 Net Interest Margin 3.81% 3.85% -4 bps 3.71% Loans Held-in-Portfolio 28,245 27,976 269 27,131 P.R. Public Deposits 21,466 22,705 (1,239) 20,076 Total Deposits 56,908 58,670 (1,762) 54,878 Total Deposit Costs 1.41% 1.32% 9 bps 1.53% Borrowings 53 57 (4) 70 Highlights: • Loans held-in-portfolio increased $269 million: - mortgage loans increased $116 million - commercial and construction loans increased $105 million - personal loans increased $47 million - credit cards increased $22 million - auto loans and leases decreased $26 million • NIM decreased 4 bps to 3.81%: - investment securities yields increased 12 bps to 2.91% - loan yields decreased 2 bps to 7.69% - total deposit costs increased 9 bps to 1.41% ‐ P.R. public deposit costs increased 11 bps to 2.72% ‐ excluding P.R. public deposits, total deposit costs increased 2 bps Highlights: • Loans held-in-portfolio increased $25 million: - commercial and construction loans increased $59 million - mortgage loans decreased $36 million due to continued run-off of the portfolio • NIM increased 3 bps to 3.20%: - loan yields increased 7 bps to 6.17% - total deposit costs increased 1 bp to 2.74% • Borrowings decreased $134 million due to lower short-term FHLB advances BPPR Popular U.S. ($ in millions) Q3 2026 Q2 2026 Change Q3 2025 Net Income $ 42 $ 36 $ 6 $ 18 Net Interest Margin 3.20% 3.17% 3 bps 2.94% Loans Held-in-Portfolio 11,798 11,773 25 11,525 Total Deposits 12,154 11,931 223 12,162 Total Deposit Costs 2.74% 2.73% 1 bps 2.96% Borrowings 676 810 (134) 582 5

 

Financial Summary Differences due to rounding Quarterly Results (unaudited) ($ in thousands, except EPS) Q3 2026 Q2 2026 Variance Net interest income $ 698,930 $ 693,419 $ 5,511 Provision for credit losses 58,593 65,873 (7,280) Net interest income after provision for credit losses $ 640,337 $ 627,546 $ 12,791 Banking fees 115,879 117,494 (1,615) Asset management and insurance fees 31,811 30,335 1,476 Mortgage banking activities 4,852 6,267 (1,415) Other operating income 23,116 26,449 (3,333) Total non-interest income $ 175,658 $ 180,545 $ (4,887) Total personnel costs 245,070 229,031 16,039 Technology and software expenses 90,068 90,971 (903) Professional fees 25,587 24,484 1,103 Business promotion 28,428 27,900 528 Transactional services 39,670 37,266 2,404 Net occupancy 29,157 27,764 1,393 Other operating expenses 47,610 46,714 896 Total operating expenses $ 505,590 $ 484,130 $ 21,460 Income before income tax 310,405 323,961 (13,556) Income tax expense 44,071 45,747 (1,676) Net income $ 266,334 $ 278,214 $ (11,880) EPS $ 4.21 $ 4.35 $ (0.14) ROTCE 15.80% 17.02% -122 bps 6

 

Net Interest Income and NIM Dynamics Q3 2026 Highlights: • Net interest income increased $6 million to $699 million • Net interest margin decreased 3 bps to 3.63% • Net interest margin (FTE) decreased 1 bp to 4.16% ‐ Money market and investment securities yields (FTE) increased 13 bps to 3.82% • Money market and investment securities decreased $1.5 billion to $34.3 billion, driven by anticipated P.R. public deposits outflows towards the end of the quarter • Total deposits decreased $1.5 billion. Average total deposits increased $502 million. Excluding P.R. public deposits, average customer deposits decreased $619 million Differences due to rounding 7

 

Non-Interest Income Q3 2026 Highlights: • Non-interest income decreased $5 million QoQ to $176 million - Banking fees decreased $2 million driven by lower deposit service charges related to a new product launched in August - Other operating income includes a $5 million benefit related to a commercial loan refinancing • Non-interest income increased 3% YoY - Debit and credit card fees increased YoY 10% and 8%, respectively, driven by higher transaction activities and purchase volumes - Asset management fees increased 16% YoY due to higher Assets under Management (AuM) Differences due to rounding Change vs. ($ in millions) Q3 2026 Q2 2026 Variance Q3 2025 Q2 2026 Q3 2025 Service charges on deposits $ 37.1 $ 39.0 $ (1.9) $ 39.1 (5%) (5%) Debit card fees 30.8 31.5 (0.7) 28.1 (2%) 10% Credit card fees 35.3 34.8 0.5 32.7 1% 8% Other fees 12.7 12.1 0.5 11.2 4% 13% Banking fees $ 115.9 $ 117.5 $ (1.6) $ 111.0 (1%) 4% Insurance fees 12.9 12.6 0.3 13.0 2% (1%) Brokerage and asset management fees 11.0 10.0 1.0 9.5 10% 16% Trust fees 7.9 7.8 0.2 7.0 3% 13% Asset management and insurance fees $ 31.8 $ 30.3 $ 1.5 $ 29.5 5% 8% Mortgage banking activities 4.9 6.3 (1.4) 2.8 (22%) 75% Other operating income 23.1 26.4 (3.3) 28.0 (13%) (18%) Non-interest income $ 175.7 $ 180.5 $ (4.9) $ 171.2 (3%) 3% 8

 

Operating Expenses Differences due to rounding Q3 2026 Highlights: • Operating expenses increased $21 million QoQ to $506 million: - Personnel costs increased $16 million, driven by $7 million in higher salaries following merit increase effective in Q3 and one additional day in the quarter, $5 million related to the profit-sharing plan, and $3 million in performance-based incentives Change vs. ($ in millions) Q3 2026 Q2 2026 Variance Q3 2025 Q2 2026 Q3 2025 Salaries $ 141.4 $ 134.4 $ 6.9 $ 139.4 5% 1% Commissions and incentives 42.7 39.9 2.8 35.3 7% 21% Profit Sharing 15.1 10.0 5.1 13.0 51% 16% Pension, postretirement and other 45.9 44.7 1.2 45.3 3% 1% Total personnel costs $ 245.1 $ 229.0 $ 16.0 $ 233.0 7% 5% Technology and software 90.1 91.0 (0.9) 87.1 (1%) 3% Professional fees 25.6 24.5 1.1 25.8 4% (1%) Business promotion 28.4 27.9 0.5 27.3 2% 4% Transactional services 39.7 37.3 2.4 38.4 6% 3% Net occupancy 29.2 27.8 1.4 26.1 5% 12% Other operating expenses 47.6 46.7 0.9 57.6 2% (17%) Operating expenses $ 505.6 $ 484.1 $ 21.5 $ 495.3 4% 2% 9

 

Non-Performing Assets Q3 2026 Highlights: • Total NPAs decreased by $37 million, driven by the sale of an $84 million NPL held-for-sale • Total BPPR NPLs increased $52 million, primarily driven by a $74 million commercial relationship offset by a $34 million partial charge-off related to a commercial loan classified as NPL in Q2 • Excluding consumer loans, NPL inflows decreased by $56 million, mainly in BPPR Differences due to rounding 10

 

NCOs and Allowance for Credit Losses Q3 2026 Highlights: • NCOs decreased $30 million, driven by lower commercial charge-offs by $38 million due to the resolution of a commercial relationship in Q2 that resulted in a $71 million charge-off, offset in part by a $34 million partial charge-off of a commercial loan in Q3. • NCO Ratio of 0.73% decreased 32 basis points • ACL decreased $14 million to $771 million, driven primarily by improved consumer credit composition, offset in part by reserve increases in specific commercial exposures. ACL-to-Loans Ratio at 1.92% vs. 1.97% in Q2 Allowance for Credit Losses ($ in millions) 11 Portfolios ACL Q3 2026 ACL Q2 2026 Variance ACL/Loan Q3 2026 Commercial $ 334 $ 327 $ 7 1.52% Mortgage 78 80 (2) 0.88% Leases 17 18 (1) 0.86% Consumer: Credit Cards 85 85 0 6.75% Personal Loans 96 104 (8) 4.62% Auto 153 165 (12) 4.07% Other 8 7 0 4.12% Total Consumer 342 361 (19) 4.69% Total ACL $ 771 $ 785 $ (14) 1.92%

 

Capital Q3 2026 Highlights: • Tangible common book value per common share decreased $1.64 to $86.30, driven by higher unrealized losses of AFS investment securities • During the quarter repurchased $179 million in common stock at an average price of $168.40 and paid quarterly common stock dividend of $0.75 per share ‐ in Q3 declared an increase of our quarterly common stock dividend from $0.75 to $0.90 per share, paid on October 1st • YTD capital returned to shareholders of $614 million, including $459 million in common stock repurchases at an average price of $150.55 per share • Since resuming common stock repurchases in 2024, we have repurchased $1.2 billion in common stock 121- numbers in percentage Differences due to rounding

 

13 Driving Value Franchise Market leader in Puerto Rico • Extensive customer base with 2.1 million customers • Solid deposit franchise and a well diversified loan portfolio • Distinct multichannel experience with top digital solutions and an unmatched branch network • Diversified business model, strong capital and ample liquidity to support our clients Mainland U.S. banking operation provides geographic diversification • Commercial led strategy directed at small and medium sized businesses • National banking segments focused on homeowners’ associations and healthcare • Other key niche segments include non-profit organizations and construction in the NY Metro • Branch footprint in South Florida and New York Metro Our Strategy • Advanced our three strategic objectives through initiatives that strengthen customer engagement and enhance our capabilities. Recent examples include: ‐ Strengthening our deposit franchise and deepening customer relationships through enhanced products, greater channel flexibility, and new offerings that support acquisition and long-term customer loyalty and engagement ‐ Executing our segment-led strategy through tailored offerings for attractive customer segments, including healthcare professionals and university students ‐ Enhancing commercial capabilities through our modernized cash management platform, providing greater flexibility, mobile access and money-movement functionality Capital Actions • During the quarter repurchased $179 million in common stock at an average price of $168.40 and paid quarterly common stock dividend of $0.75 per share ‐ in Q3 declared an increase of our quarterly common stock dividend from $0.75 to $0.90 per share, paid on October 1st • YTD capital returned to shareholders of $614 million, including $459 million in common stock repurchases at an average price of $150.55 per share Milestones • Approximately 800 colleagues volunteered through the Embracing Our Communities day of service initiative. Throughout that day 29 community organizations and projects were supported across our regions • Celebrated Popular’s 133rd anniversary reinforcing the theme of serving our customers and growing together

 

14 Guidance 2026 Guidance Original PY 2026 Guidance Updated Guidance Commentary Net Interest Income 5%-7% increase for the year ~8.5% for the year Unchanged Non-Interest Income $160 million - $165 million per quarter ~$170 million in Q4 Upper end of Q2 guidance NCOs 55 bps-70 bps annualized 80 bps-90 bps annualized Based on 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 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 Annual ROTCE target of 14%-17%

 

15 Footnotes Slide 4: 1- Fully taxable equivalent (“FTE”) net interest margin (“NIM”) represents a non-GAAP financial measure. See the Corporation's earnings press release, Form 10-Q and Form 10-K filed, or to be filed, with the U.S. Securities and Exchange Commission for the applicable periods’ GAAP to non-GAAP reconciliation 2- Return on average tangible common equity (“ROTCE”) represents a non-GAAP financial measure. Unless otherwise indicated, references to “ROTCE” in this presentation mean return on tangible common equity as adjusted to add back unrealized (gains) losses on AFS securities, including those transferred to HTM. See Table R in the Corporation’s Q3 2026 earnings press release for the reconciliation of GAAP to non-GAAP financial measures to be filed with the U.S. Securities and Exchange Commission 3- Capital returned to shareholders includes common stock repurchases and dividends paid on preferred and common stock

 

Investor Presentation Third Quarter 2026 Appendix

 

Earnings Earnings 17 Corporate Structure Summary Corporate Structure Banco Popular de Puerto Rico Franchise Selected equity investments: Banco BHD León under Corporate segment • Dominican Republic bank • 15.63% stake • 2025 net income of $306 million Industry Financial Services Headquarters San Juan, Puerto Rico Assets $77.8 billion (among top 50 BHCs in the U.S.) Loans $40.0 billion Deposits $68.7 billion Banking branches 150 in Puerto Rico, 36 in the U.S. (24 in New York and New Jersey and 12 in Florida) and 9 in the U.S. and British Virgin Islands NASDAQ ticker symbol BPOP Market Cap (as of September 30, 2026) $9.8 billion Assets = $77.8 billion Assets = $62.2 billion Assets = $15.1 billion Puerto Rico Operations United States Operations Popular Securities LLC Popular’s Insurance Subsidiaries Popular North America,Inc. Holding Co. (including equity investments) Popular Bank

 

18 Q3 2026 vs. Q2 2026 Business Segments Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2026 Q2 2026 Variance Q3 2026 Q2 2026 Variance Net interest income $ 592 $ 590 $ 2 $ 117 $ 113 $ 4 Provision for credit losses 61 63 (2) (3) 3 (6) Net interest income after provision for credit losses 531 527 4 119 110 9 Non-interest income 156 156 — 8 7 1 Operating expenses $ 438 $ 418 $ 20 $ 68 $ 67 $ 1 Income before income tax 249 265 (16) 59 50 9 Income tax expense 27 32 (5) 17 14 3 Net income $ 222 $ 233 $ (11) $ 42 $ 36 $ 6 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2026 Q2 2026 Variance Q3 2026 Q2 2026 Variance Total assets $ 62,174 $ 63,517 $ (1,343) $ 15,144 $ 15,033 $ 111 Total loans held-in-portfolio (HIP) 28,245 27,976 269 11,798 11,773 25 Total deposits 56,908 58,670 (1,762) 12,154 11,931 223 Asset Quality BPPR Popular U.S. Q3 2026 Q2 2026 Variance Q3 2026 Q2 2026 Variance Non-performing loans HIP / Total loans HIP 1.49% 1.32% 17 bps 0.37% 0.39% -2 bps Non-performing assets / Total assets 0.74% 0.66% 8 bps 0.27% 0.31% -4 bps Allowance for credit losses / Total loans HIP 2.41% 2.47% -6 bps 0.76% 0.79% -3 bps

 

19 Loan Composition and Yields Q3 2026 Highlights: • Loans held-in-portfolio increased $293 million driven by commercial, mortgage and consumer loans • Average loan yields (FTE) increased 3 bps to 7.56% Loans Held-in-Portfolio Average (ending balances, $ in millions) Q3 2026 Q2 2026 Variance Q3 2026 Yields (FTE) Commercial $ 20,361 $ 20,051 $ 310 $ 20,154 6.82% Construction 1,586 1,732 (146) 1,680 7.80% Mortgage 8,860 8,780 80 8,809 6.17% Auto loans and leases 5,717 5,744 (27) 5,795 8.67% Consumer 3,519 3,443 76 3,382 13.54% Total Loans $ 40,043 $ 39,750 $ 293 $ 39,820 7.56%

 

20 Funding Profile and Deposit Composition Q3 2026 Highlights: • Deposits at $68.7 billion, with P.R. public deposits at $21.5 billion, representing 31% of total deposits • Total cost of deposits increased 7 bps to 1.64% • Borrowings at $1.3 billion, composed of long-term notes and short term FHLB advances in PB • Deposits represent 98% of funding sources $70.0

 

21 Deposit Beta • BPPR's retail and commercial accounts are low beta products and typically respond more slowly to changes in short-term interest rates. However, given the higher starting point of this cycle and the competitive environment, betas may rise above levels seen in the prior rising rate cycle • P.R. public deposits are linked to market rates but respond with a lag to changes in three-month Treasury Bill yields • Competitive dynamics in our U.S. markets means our betas in Popular Bank should resemble the U.S. banking industry

 

22 Investment Portfolio Q3 2026 Highlights: • Conservative investment portfolio, with the majority invested in short to intermediate U.S. Treasuries, which are tax exempt in Puerto Rico • Investment portfolio duration 1.6 years; including cash, 1.4 years • Unrealized loss in the AFS portfolio increased by $302 million • Market value of U.S. Treasuries held to maturity stood at $5.4 billion, slightly lower than book value • Invested approximately $1.4 billion in U.S. Treasury notes with an average duration of 2.7 years and a yield of approximately 4.34% ¹ Maturity expressed in years; In the case of mortgage-backed securities and CMO’s, it represents the weighted average life of the bonds assuming market consensus prepayment speeds ² The Book value includes $162 million of unrealized loss in AOCI related to the securities transferred from available -for-sale securities portfolio to the held-to-maturity with an unrealized loss of $873 million at the time of transfer, which will be amortized (back into capital) throughout their remaining life. For the remainder of 20 26 we expect the amortization to be approximately $35 million, $97 million for 2027 and the remaining amount in 2028 and 2029. Differences due to rounding

 

23 Allowance for Credit Losses – Q3 2026 Q3 2026 ACL Movement: • Moody’s 2026 baseline shows GDP growth consistent with the previous forecast • NCOs impacted by a $34 million partial charge-off of a commercial relationship • Commercial portfolio ACL movement driven by higher reserves for NPLs • Retail loan portfolios ACL movement driven by loss history for the unsecured personal loans and credit cards portfolios • Lower qualitative reserves for Retail and U.S. CRE loan portfolios contributed to the ACL reduction for Q3 Economic Scenarios: • Baseline scenario assigned the highest probability, followed by the S3 (pessimistic) scenario • S3 probability remains elevated due to market uncertainty • 2026 annualized GDP growth (baseline): ‐ P.R. remained stable at 0.71% ‐ U.S. increased slightly to 2.20% • 2026 forecasted average unemployment rate (baseline): ‐ P.R. decreased to 5.74% from 5.80% ‐ U.S. decreased to 4.27% from 4.42%

 

24 Commercial and Industrial Portfolio Q3 2026 Highlights: • The Commercial and Industrial portfolio is mainly concentrated in the following industries: other services (mostly U.S. community association loans), public administration, retail trade, and finance and insurance • NPLs at $192 million, a $47 million increase due to the inflow of one commercial relationship of $74 million, partially offset by a $34 million partial charge-off • Allowance for credit losses to loans held-in-portfolio at 2.3%​ Metric Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 30-89 DPD/Loans 0.26% 0.25% 0.28% 0.15% 0.29% NPL/Loans 2.12% 2.21% 2.25% 1.65% 2.21% NCO Ratio 0.07% 0.27% 0.03% 3.39% 1.57% ACL/Loans 2.06% 2.10% 2.31% 2.11% 2.26% ACL/NPL 97.03% 95.02% 102.58% 127.90% 102.22% Classified Loans/Loans 6.22% 6.25% 6.23% 4.29% 4.07%

 

25 Non-Owner Occupied CRE Portfolio Q3 2026 Highlights: • Non-Owner Occupied CRE (CRE NOO) exposure mainly in retail, hotels and office space • Office exposure limited to 1.8% of total loan portfolio and 12% of the CRE NOO portfolio ‐ Office space mainly in mid-rise properties with diversified tenants across both regions ‐ Average loan size at approximately $3 million • Strong credit risk profile ‐ NPL Ratio of 0.55%, down from 0.59% in Q2 ‐ Allowance for credit losses to loans held-in-portfolio at 0.90% Metric Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 30-89 DPD/Loans 0.33% 0.08% 0.10% 0.14% 0.60% NPL/Loans 0.81% 0.77% 0.60% 0.59% 0.55% NCO Ratio 0.92% 0.00% 0.80% 0.00% 0.00% ACL/Loans 1.08% 1.06% 1.16% 0.99% 0.90% ACL/NPL 133.36% 137.47% 191.80% 169.29% 163.20% Classified Loans /Loans 3.98% 3.43% 3.25% 3.25% 1.72%

 

26 Multifamily Loan Portfolio Q3 2026 Highlights: • 86% of the portfolio concentrated in Popular U.S. • Strong credit risk profile with low levels of delinquency, NCOs and classified loans • New York Multifamily loan portfolio: ‐ Represents $1.3 billion or 3.4% of our total loan portfolio ‐ Underwritten based on rental income at loan origination ‐ No exposure to rent controlled buildings ‐ Rent stabilized units represent less than 40% of the total units in the loan portfolio with the majority originated after 2019 Metric Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 30-89 DPD/Loans 0.16% 0.66% 0.67% 0.51% 0.59% NPL/Loans 0.35% 0.36% 0.45% 0.37% 0.43% NCO Ratio 0.00% (0.01%) 0.00% 0.22% 0.00% ACL/Loans 0.67% 0.79% 0.83% 0.79% 0.66% ACL/NPL 191.90% 221.13% 183.08% 211.82% 152.44% Classified Loans/Loans 1.20% 1.09% 1.34% 1.16% 1.25%

 

27 P.R. Mortgage Loan Portfolio Q3 2026 Highlights: • 46% of the P.R. mortgage loan portfolio is comprised of U.S. government guaranteed loans • Origination average FICO scores above 750 and LTV approximately 75% 78% Original LTV 75%72%73%73%67%70%74%77%

 

28 Auto Loan Portfolio Q3 2026 Highlights: • Delinquency and NCO levels for the period remained below the historical average benchmark • Increase in early delinquency from Q2 due to seasonal factors • Weighted-average FICO scores of approximately 735 • Q3 auto loan originations were approximately 68% new and 32% used Avg. 2011-2019 9/30/2026 6.17% 4.37% Avg. 2011-2019 YTD 1.88% 1.12%

 

29 Auto Lease Portfolio Q3 2026 Highlights: • Delinquency and NCO levels for the period are below the historical average benchmark • Weighted-average FICO scores of approximately 742 Avg. 2011-2019 9/30/2026 2.06% 1.83% Avg. 2011-2019 YTD 0.65% 0.61%

 

30 P.R. Personal Loan Portfolio Q3 2026 Highlights: • Delinquency remained below the historical average benchmark • NCO levels for the period above the historical average benchmark, with significant improvements in most recent vintages • Weighted-average FICO scores of approximately 750 in recent vintages Avg. 2011-2019 9/30/2026 3.61% 2.59% Avg. 2011-2019 YTD 2.53% 3.62%

 

31 Credit Cards Portfolio Q3 2026 Highlights: • Delinquency has followed an overall improving trend, with recent quarter-over-quarter increase • NCOs above historical benchmarks, with an overall declining trend since 2025 • Weighted-average FICO scores of approximately 773 Avg. 2011-2019 9/30/2026 3.74% 3.83% Avg. 2011-2019 YTD 3.67% 4.74%

 

32 P.R. Public Sector Exposure • As of September 30, 2026, our direct exposure outstanding to P.R. municipalities amounted to $374 million, decreasing by $41 million from the prior quarter • Our direct exposure to P.R. government entities at September 30, 2026 includes an exposure associated with Automated Clearing House (“ACH”) transaction settlements capped at $47 million, none of which was outstanding in Q3 Includes loans or securities that are payable by non-governmental entities, but which carry a government guarantee to cover any shortfall in collateral in the event of borrower default. Majority are single-family mortgage related Indirect Exposure Obligations of municipalities are backed by real and personal property taxes, municipal excise taxes, and/or a percentage of the sales and use tax Municipalities Obligations of the Commonwealth of Puerto Rico, its agencies and instrumentalities (excluding municipalities) P.R. Government Entities

 

33 2026 January S&P upgrades outlook to Positive Senior Unsecured Ratings Fitch BBB- Stable Outlook S&P BB+ Positive Outlook Moody’s Baa3 Stable Outlook 2021 March Moody’s revised outlook to Positive April Moody’s upgrades to Ba3 from B1 Fitch and S&P revised outlook to Positive June Fitch upgrades to BBB- from BB, revised outlook to Stable April S&P upgrades to BB+ from BB- , revised outlook to Stable September Moody’s upgrades to Ba1 from Ba3, revised outlook to Stable Senior Uns Ratings 2025 September Moody’s upgrades outlook to Positive 2022 Popular’s Credit Ratings July Fitch upgrades IDR to BBB from BBB- August Moody’s upgrades to Baa3 from Ba1, revised outlook to Stable

 

Investor Presentation Third Quarter 2026

 

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