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Popular Inc (NASDAQ: BPOP) boosts dividend, adds $1B buyback after Q2

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Popular, Inc. reported second quarter 2026 net income of $278 million, up 13% from the prior quarter and 32% from a year earlier, with diluted EPS of $4.35. Net interest income was $693 million and the net interest margin held at 3.66%, while non-interest income rose to $181 million. Return on average tangible common equity reached 17.02%, and the Common Equity Tier 1 capital ratio was 16.08%.

Total assets were $79.0 billion, loans held in portfolio $39.8 billion, and deposits $70.2 billion, including $22.7 billion of Puerto Rico public deposits. Credit metrics were mixed: the NPL ratio improved to 1.04%, but the NCO ratio increased to 1.05% due to a $71 million charge-off on a resolved commercial relationship; excluding this, the NCO ratio would have been 0.33%. The allowance for credit losses was $785 million, or 1.97% of loans.

Popular announced CEO Javier D. Ferrer will retire effective August 31, 2026, with CFO Jorge J. García becoming President and CEO on September 1, 2026 and new CFO and CRO appointments. The company also announced a planned 20% increase in the quarterly dividend to $0.90 per share, subject to board approval, and a new $1.0 billion share repurchase authorization after fully using its prior $500 million program. Full-year 2026 guidance was updated, including higher expected net interest income and non-interest income, a higher NCO range, slightly lower operating expense and tax-rate ranges, and loan growth at the low end of the prior target.

Positive

  • Net income rose to $278 million, 13% higher than Q1 2026 and 32% above Q2 2025, with ROTCE at 17.02% and net interest income up to $693 million as guidance for 2026 net interest and non-interest income was raised.
  • Popular announced a 20% increase in the quarterly common dividend to $0.90 per share (subject to board approval) and a new $1.0 billion common stock repurchase authorization after returning $378 million of capital to shareholders in the first half of 2026.
  • Regulatory capital remained strong, with a Common Equity Tier 1 ratio of 16.08% and Total risk-based capital of 17.85%, while tangible common book value per share increased to $87.94 and common equity per share to $100.38.

Negative

  • Credit costs increased, as the net charge-off ratio rose to 1.05% from 0.61% in Q1 2026, driven by a $71 million charge-off on a single commercial relationship, and full-year 2026 NCO guidance was raised to 65–80 bps annualized.
  • CEO Javier D. Ferrer will retire effective August 31, 2026, triggering a leadership transition with the CFO becoming CEO and new CFO and CRO appointments, which introduces management change at a key time despite current performance momentum.

Filing Explained

The filing is furnished rather than incorporated into other filings, and the identified commercial loan sale was completed July 2, 2026.

As a Form 8-K, this filing reports a specified material event: it furnishes Popular’s unaudited second-quarter results and conference-call presentation under Items 2.02 and 7.01; the exhibits are not treated as filed or incorporated by reference unless expressly stated.

The disclosed $155 million commercial relationship reached a completed state: $71 million was charged off, $84 million was transferred to loans held for sale, and the loan was sold on July 2, 2026.

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, and exhibit attachments filed with this report.
Net income $ 278,214 Net income for the quarter ended June 30, 2026 (dollars in thousands)
Diluted EPS $ 4.35 Diluted earnings per common share for Q2 2026
Net interest income $ 693,419 Net interest income for Q2 2026 (dollars in thousands)
Net interest margin 3.66 % Net interest margin (non-taxable equivalent basis) for Q2 2026
ROTCE 17.02 % Return on average tangible common equity for Q2 2026 (non-GAAP)
Common Equity Tier 1 capital ratio 16.08 % CET1 ratio at June 30, 2026
Total assets $ 78,972,300 Total assets as of June 30, 2026
Share repurchase authorization $ 1 billion New common stock repurchase authorization announced July 23, 2026
Net interest margin financial
"Net interest margin | 3.66 % | 3.66 % | 0 bps | 3.49 % | 17 bps"
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.
Return on average tangible common equity financial
"Return on average tangible common equity before adjusting for the impact of unrealized (gains) losses"
A profitability ratio that shows how much profit common shareholders earn from the bank’s tangible equity — the shareholder capital left after removing goodwill, intangible assets and preferred stock — averaged over a period. Investors use it like a yield on the company’s real, hard capital to judge how efficiently management turns those tangible resources into earnings and to compare returns across banks or over time.
Common Equity Tier 1 capital financial
"Common Equity Tier 1 capital | 16.08 % | 15.92 % | 16 bps | 15.91 % | 17 bps"
Core capital a bank holds consisting mainly of common shares and retained profits that can absorb losses without forcing the bank to sell assets or seek emergency help; items that can’t reliably cover losses are excluded. Think of it as the bank’s shock-absorbing cushion: a higher common equity tier 1 (CET1) level and ratio means regulators and investors view the bank as better able to survive bad loans or market shocks, so it signals lower risk to shareholders and creditors.
Allowance for credit losses financial
"ACL - loans held-in-portfolio | 784,832 | 823,729 | (38,897) | 769,485 | 15,347"
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.
Non-performing loans financial
"Non-Performing Loans Held-in-Portfolio ("NPLs") and Net Charge Offs ("NCOs") Total NPLs decreased $45 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.
Net income $278 million 13% higher than Q1 2026 and 32% higher than Q2 2025
Diluted EPS $4.35 $0.57 higher than both Q1 2026 and Q2 2025
Net interest income $693 million $23 million increase from Q1 2026
Net interest margin (taxable equivalent basis) 4.17 % Expanded 3 basis points from 4.14 % in Q1 2026
ROTCE (non-GAAP) 17.02 % Improved from 15.46 % in Q1 2026
Guidance

For full-year 2026, net interest income growth guidance was raised to 8–9%, quarterly non-interest income to $165–170 million, the NCO range increased to 65–80 bps annualized, operating expense growth refined to 2–3%, the effective tax rate lowered to 14–15%, and loan growth guided to the low end of the prior 3–4% range.

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FAQ

0000763901FALSE00007639012026-07-232026-07-230000763901us-gaap:CommonStockMember2026-07-232026-07-230000763901us-gaap:CumulativePreferredStockMember2026-07-232026-07-23
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): July 23, 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 July 23, 2026, Popular, Inc. (the “Corporation”) issued a press release announcing its unaudited financial results
for the quarter ended June 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 June 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 July 23, 2026 – Second Quarter 2026 Financial Results.
99.2
Popular, Inc. Conference Call Presentation – Second 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: July 23, 2026
By:
/s/ Denissa M. Rodríguez
Denissa M. Rodríguez
Senior Vice President and Corporate Comptroller
4
Exhibit 99.1
logo.jpg
SAN JUAN, Puerto Rico – (BUSINESS WIRE) – Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:
BPOP)
Popular, Inc. Announces Second Quarter 2026 Financial Results
FINANCIAL HIGHLIGHTS
($ in millions, except per share information)
Quarters ended
30-Jun-26
31-Mar-26
Δ vs 31-Mar-26
30-Jun-25
Δ vs 30-Jun-25
EARNINGS
Net Income
$278
$246
$32
$210
$68
PER SHARE DATA
Basic EPS
$4.35
$3.78
$0.57
$3.09
$1.26
Diluted EPS
$4.35
$3.78
$0.57
$3.09
$1.26
Tangible Book Value / Share (non-GAAP)
$87.94
$84.98
$2.96
$75.41
$12.53
FINANCIAL CONDITION
Total Assets
$78,972
$76,131
$2,841
$76,065
$2,907
Loans Held in Portfolio
$39,750
$39,290
$460
$38,185
$1,565
Deposits
$70,233
$67,611
$2,622
$67,217
$3,016
Borrowings
$1,463
$1,120
$343
$1,414
$48
CREDIT QUALITY
Non-Performing Loans
$413
$458
$(45)
$312
$102
NPL Ratio
1.04%
1.17%
-13 bps
0.82%
22 bps
NCO Ratio
1.05%
0.61%
44 bps
0.45%
60 bps
ACL / Total Loans
1.97%
2.10%
-13 bps
2.02%
-5 bps
ACL / NPLs
190%
180%
10%
247%
(57)%
CAPITAL & LIQUIDITY
Common Equity Tier 1
16.08%
15.92%
16 bps
15.91%
17 bps
Tier 1 Risk-Based Capital
16.13%
15.98%
15 bps
15.96%
17 bps
Total Risk-Based Capital
17.85%
17.71%
14 bps
17.70%
15 bps
Tier 1 Leverage
8.57%
8.60%
-3 bps
8.51%
6 bps
Capital Returned to Shareholders
$174
$204
$(30)
$160
$14
FINANCIAL RATIOS
Net Interest Margin
3.66%
3.66%
0 bps
3.49%
17 bps
NIM (FTE)
4.17%
4.14%
3 bps
3.85%
32 bps
Total Deposit Costs
1.57%
1.56%
1 bps
1.78%
-21 bps
ROTCE (non-GAAP)
17.02%
15.46%
156 bps
13.26%
376 bps
ROA
1.41%
1.29%
12 bps
1.11%
30 bps
The financial information in this earnings release includes non-GAAP financial measures. These measures are intended to supplement, and
should not be considered a substitute for, GAAP results. See the "Non-GAAP Financial Measures" section for additional information; and
Table R - Reconciliation to GAAP Financial Measures. All financial information in this release, including the accompanying tables, is
unaudited.
5
CEO COMMENTARY
Javier D. Ferrer, President and Chief Executive Officer, said:
"We are pleased to report another solid quarter. Net income reached $278 million, 13% higher than the first quarter of this
year and 32% higher than the same quarter a year ago. Our results reflect higher net interest income, solid fee generation,
continued balance sheet growth, and strong capital generation. Our ROTCE improved to 17% from 15.5% in the previous
quarter, as we remain focused on delivering sustainable, through-the-cycle shareholder returns."
"We continued to return capital to shareholders during the quarter, repurchasing $125 million of common stock, exhausting
our previous $500 million authorization, and paying our quarterly dividend of $0.75 per share. We also announced additional
capital actions, including a 20% increase in our quarterly dividend to $0.90 per share, subject to Board approval, and a new
$1.0 billion share repurchase authorization."
"At the same time, we continued to advance our strategic priorities – to be the number one bank for our customers, to be
simple and efficient, and to be a top-performing bank. It is most rewarding to see how the organization has embraced our
objectives. A growing number of initiatives are gaining traction simultaneously, and the pace of execution is accelerating."
"With the satisfaction of seeing Popular solid, united, and moving forward with a clear purpose and strategy, I'm announcing
my retirement, effective August 31, 2026. As I begin this next chapter, I look forward to focusing on my health and spending
meaningful time with my family and close friends."
"It has been an honor to serve Popular and work alongside a team so deeply committed to our clients, communities and
shareholders. I am especially grateful to our employees for their support, trust and dedication throughout my years at
Popular. I am proud of what we have accomplished together and the momentum it creates for Popular’s future. I also want to
thank Jorge for his partnership over the years. I know his leadership will guide Popular forward with strength, purpose and
care."
EARNINGS HIGHLIGHTS
Quarters ended
(Dollars in thousands)
30-Jun-26
31-Mar-26
Δ vs 31-Mar-26
30-Jun-25
Δ vs 30-Jun-25
Net interest income
$693,419
$670,180
$23,239
$631,549
$61,870
Provision for credit losses
65,873
75,886
(10,013)
48,941
16,932
Net interest income after provision for credit losses
627,546
594,294
33,252
582,608
44,938
Non-Interest Income
180,545
165,626
14,919
168,477
12,068
Operating expenses
484,130
467,310
16,820
492,761
(8,631)
Income before income tax
323,961
292,610
31,351
258,324
65,637
Income tax expense
45,747
46,936
(1,189)
47,884
(2,137)
Net income
$278,214
$245,674
$32,540
$210,440
$67,774
Net income per common share-basic
$4.35
$3.78
$0.57
$3.09
$1.26
Net income per common share-diluted
$4.35
$3.78
$0.57
$3.09
$1.26
Significant Events
Leadership Transition
Popular announced today that Javier D. Ferrer will retire as President and Chief Executive Officer of the Corporation
effective August 31, 2026. Jorge J. García, Executive Vice President and Chief Financial Officer of the Corporation, will
succeed Mr. Ferrer as President and Chief Executive Officer effective September 1, 2026. In connection with this
appointment, Lidio V. Soriano, Executive Vice President and Chief Risk Officer, has been named Executive Vice President
and Chief Financial Officer and Luis Sousa, Senior Vice President and head of the Credit Risk Management Division, has
been named Executive Vice President and Chief Risk Officer, effective September 1, 2026.
6
Capital Actions
On July 23, 2026, the Corporation announced the following capital actions:
•an increase in the Corporation’s quarterly common stock dividend from $0.75 to $0.90 per share, commencing with
the dividend payable in the fourth quarter of 2026, subject to the approval of the Corporation’s Board of Directors;
and
•a new common stock repurchase authorization of up to $1 billion.
The Corporation’s planned common stock repurchases may be executed in open market transactions, privately negotiated
transactions, block trades or any other manner determined by the Corporation. The Corporation has repurchased
approximately $280 million in common stock to date in 2026 and, as of June 30, 2026, had fully utilized the $500 million
common stock repurchase authorization approved in 2025. The timing, quantity and price of the Corporation's common
stock repurchases will be subject to various factors, including market conditions, the Corporation’s capital position, liquidity
and financial performance, the capital impact of strategic initiatives and tax and regulatory considerations, including
regulatory approvals for subsidiary dividends. The common stock repurchase authorization does not require the Corporation
to acquire a specific dollar amount or number of shares and may be modified, suspended or terminated at any time without
prior notice.
NET INTEREST INCOME (“NII”) AND NET INTEREST MARGIN (“NIM”)
(Dollars in thousands)
Quarters ended
Popular, Inc.
30-Jun-26
31-Mar-26
Δ vs 31-Mar-26
30-Jun-25
Δ vs 30-Jun-25
Net interest income
$693,419
$670,180
$23,239
$631,549
$61,870
Net interest margin
3.66%
3.66%
—
3.49%
17 bps
Net interest margin FTE [1]
4.17%
4.14%
3 bps
3.85%
32 bps
Total deposit costs
1.57%
1.56%
1 bps
1.78%
-21 bps
Core deposit costs (ex. P.R. public deposits)
1.10%
1.09%
1 bps
1.15%
-5 bps
Loan yield FTE [1]
7.53%
7.53%
—
7.50%
3 bps
Money market and investment securities yield FTE [1]
3.69%
3.54%
15 bps
3.50%
19 bps
Banco Popular de Puerto Rico ("BPPR") Segment
Net interest income
$589,922
$567,947
$21,975
$538,475
$51,447
Net interest margin
3.85%
3.85%
—
3.68%
17 bps
Total deposit costs
1.32%
1.31%
1 bps
1.52%
-20 bps
Popular Bank ("PB" or "Popular US") Segment
Net interest income
$113,076
$111,707
$1,369
$102,195
$10,881
Net interest margin
3.17%
3.15%
2 bps
2.93%
24 bps
Total deposit costs
2.73%
2.69%
4 bps
2.95%
-22 bps
[1] Refer to non-GAAP measures section in this earnings release.
Popular, Inc. – Net interest income of $693 million increased $23 million, or 3.5%, from Q1 2026. The increase was
primarily driven by higher income from investment securities, and by higher income on loans driven by commercial loan
growth, as well as one additional day in the quarter. These were partially offset by higher interest expense on deposits,
mainly due to higher average balances of P.R. public deposits, as well as commercial deposits at both banks. Average
earning assets increased by $1.8 billion, driven by U.S. Treasury securities, which increased QoQ by $1.4 billion. Average
interest-bearing deposits increased by $1.8 billion driven by P.R. public deposits which increased $1.1 billion when
compared to Q1 2026 while non-interest bearing demand deposits increased by $167 million.
Net interest margin was unchanged at 3.66%. Deposit costs increased by one basis point to 1.57%. The additional day in
the quarter represented $5 million in incremental income in Q2 2026.
NII fully taxable equivalent ("FTE") and NIM FTE (Non-GAAP)- NII FTE of $789 million increased $31 million, or 4.1%,
from Q1 2026. NIM on a taxable equivalent basis expanded three basis points to 4.17%. Money market and investment
securities yields FTE increased by 15 basis points, mainly driven by purchases and re-investment of maturities into higher
yielding U.S. Treasury securities.
Interest income on a taxable equivalent basis includes interest income on U.S. Treasury securities, certain GNMA securities
and certain loans in BPPR's portfolios, that are tax exempt in Puerto Rico.
Refer to tables D, E and F for more details on the components of NII and NIM on a taxable equivalent basis.
7
BPPR Segment – NII of $590 million increased $22 million, or 3.9%, from Q1 2026. Higher NII was driven by a $22 million
or 10 basis points increase in money market and investment securities income, resulting from higher average balances and
investment securities yields and a $9 million increase in loan income, mainly driven by higher average balances in the
commercial, construction and mortgage portfolios. Higher interest expense on deposits of $9 million, mainly due to a $1.1
billion increase in average Puerto Rico public deposit balances and higher commercial deposits. NIM was stable at 3.85%.
Deposit costs increased by one basis point to 1.32%, including the costs of public deposits of 2.61% or five basis points
lower than last quarter.
Popular Bank Segment – NII of $113 million increased $1 million, or 1.2%, from Q1 2026.  The increase was primarily
driven by higher commercial loan income by $4 million and higher yields by seven basis points, attributable to the re-pricing
of commercial loans and new originations carrying higher yields, as well as the impact of one additional day in the quarter,
partially offset by higher interest expense on deposits by $2 million or six basis points attributable to higher costs of
commercial deposits. NIM expanded by two basis points to 3.17%. Deposit costs increased by 4 basis points to 2.73%.
NON-INTEREST INCOME
Quarters ended
(Dollars in thousands)
30-Jun-26
31-Mar-26
Δ vs 31-Mar-26
30-Jun-25
Δ vs 30-Jun-25
Service charges on deposits
$39,037
$38,766
$271
$38,826
$211
Debit card fees
31,538
30,009
1,529
27,918
3,620
Credit card fees
34,783
32,000
2,783
32,502
2,281
Other fees
12,136
10,861
1,275
11,723
413
Banking fees
$117,494
$111,636
$5,858
$110,969
$6,525
Insurance fees
12,586
12,525
61
12,695
(109)
Brokerage and asset management fees
9,998
10,187
(189)
9,058
940
Trust fees
7,751
7,339
412
6,626
1,125
Asset management and insurance fees
$30,335
$30,051
$284
$28,379
$1,956
Mortgage banking activities
6,267
4,213
2,054
4,872
1,395
Other operating income
26,449
19,726
6,723
24,257
2,192
Non-interest income
$180,545
$165,626
$14,919
$168,477
$12,068
Non-interest income of $181 million increased $15 million or 8% from Q1 2026.
Key drivers: Banking fees increased $6 million to $117 million, driven by credit and debit card fees, which increased by $3
million and $2 million, respectively, supported by strong transaction activity and higher purchase volumes, including from
commercial credit cards. Other operating income increased by $7 million to $26 million, mainly driven by higher income from
investments accounted for under the equity method by $4 million, that benefited from an unrealized gain of $3 million in the
valuation of an investment.
Refer to Table B for further details.
OPERATING EXPENSES
Quarters ended
(Dollars in thousands)
30-Jun-26
31-Mar-26
Δ vs 31-Mar-26
30-Jun-25
Δ vs 30-Jun-25
Salaries
$134,448
$134,813
$(365)
$132,752
$1,696
Commissions and incentives
39,911
34,903
5,008
40,551
(640)
Profit sharing
10,000
(1,203)
11,203
13,000
(3,000)
Pension, postretirement and other
44,672
47,556
(2,884)
43,052
1,620
Total personnel costs
$229,031
$216,069
$12,962
$229,355
$(324)
Technology and software
90,971
89,139
1,832
84,696
6,275
Professional fees
24,484
25,553
(1,069)
28,108
(3,624)
Business promotion
27,900
22,860
5,040
26,385
1,515
Transactional services
37,266
39,087
(1,821)
37,861
(595)
Net occupancy
27,764
27,299
465
29,140
(1,376)
Other operating expenses
46,714
47,303
(589)
57,216
(10,502)
Operating Expenses
$484,130
$467,310
$16,820
$492,761
$(8,631)
Total operating expenses of $484 million increased $17 million, or 3%, from Q1 2026.
8
Key drivers: Total personnel costs increased by $13 million, or 6%, primarily reflecting higher performance-based
compensation, including approximately $10 million related to the employee profit-sharing plan and additional accruals for
short-term incentive compensation by $5 million, both of which are tied to the Corporation’s financial performance. Full-time
equivalent employees were 9,203 as of June 30, 2026, compared to 9,191 as of March 31, 2026.
Business promotion expenses increased $5 million driven by an increase in transaction activity in Q2 2026, tied to our credit
card business rewards program and a benefit in Q1 2026 from the expiration of unclaimed customer rewards points.
For a breakdown of operating expenses by category in the consolidated statement of operations refer to Table B.
INCOME TAXES
For the second quarter of 2026, the Corporation recorded an income tax expense of $46 million, compared to $47 million for
the previous quarter.
The Corporation's effective tax rate ("ETR") is impacted by the composition and source of its taxable income and tax credit
activities. The ETR for the second quarter of 2026 was 14.1%, compared to 16.0% for the previous quarter, mainly driven by
higher exempt income and the impact of other tax benefits, including the purchase of tax credits and income with preferential
tax rates.
CREDIT QUALITY
Credit Quality Metrics
(Dollars in thousands)
Quarters ended
Popular, Inc.
30-Jun-26
31-Mar-26
Δ vs 31-Mar-26
30-Jun-25
Δ vs 30-Jun-25
Provision for credit losses - loan portfolios
$65,154
$75,689
$(10,535)
$49,539
$15,615
Net charge-offs
104,053
60,023
44,030
42,202
61,851
ACL - loans held-in-portfolio
784,832
823,729
(38,897)
769,485
15,347
NCO Ratio
1.05%
0.61%
44 bps
0.45%
60 bps
NPL Ratio
1.04%
1.17%
-13 bps
0.82%
22 bps
Allowance / loans held-in-portfolio
1.97%
2.10%
-13 bps
2.02%
-5 bps
Non-performing assets
546,694
503,797
42,897
357,751
188,943
Non-performing loans held-in-portfolio
413,437
458,117
(44,680)
311,625
101,812
Non-performing loans held-for-sale
83,700
—
83,700
—
83,700
Other real estate owned (“OREO”)
49,557
45,680
3,877
46,126
3,431
Allowance / non-performing loans held-in-portfolio
190%
180%
10%
247%
(57)%
(Dollars in thousands)
Quarters ended
BPPR
30-Jun-26
31-Mar-26
Δ vs 31-Mar-26
30-Jun-25
Δ vs 30-Jun-25
Provision for credit losses - loan portfolios
$61,738
$73,298
$(11,560)
$43,150
$18,588
Net charge-offs
101,688
58,990
42,698
40,164
61,524
Total non-performing loans held-in-portfolio
367,824
420,273
(52,449)
257,648
110,176
ACL - loans held-in-portfolio
692,287
732,235
(39,948)
679,249
13,038
NCO Ratio
1.46%
0.85%
61 bps
0.61%
85 bps
Allowance / loans held-in-portfolio
2.47%
2.65%
-18 bps
2.53%
-6 bps
Allowance / non-performing loans held-in-portfolio
188%
174%
14%
264%
(75)%
(Dollars in thousands)
Quarters ended
Popular U.S.
30-Jun-26
31-Mar-26
Δ vs 31-Mar-26
30-Jun-25
Δ vs 30-Jun-25
Provision for credit losses (benefit) - loan portfolios
$3,416
$2,391
$1,025
$6,389
$(2,973)
Net charge-offs
2,365
1,033
1,332
2,038
327
Total non-performing loans held-in-portfolio
45,613
37,844
7,769
53,977
(8,364)
ACL - loans held-in-portfolio
92,545
91,494
1,051
90,236
2,309
NCO Ratio
0.08%
0.04%
4 bps
0.07%
1 bps
Allowance / loans held-in-portfolio
0.79%
0.79%
0 bps
0.79%
0 bps
Allowance / non-performing loans held-in-portfolio
203%
242%
(39)%
167%
36%
During the second quarter of 2026, the Corporation’s overall credit quality metrics remained stable. The quarter included the
resolution of a significant commercial non-performing relationship, which resulted in a $71 million charge-off and the transfer
9
of the remaining $84 million carrying amount to loans held-for-sale. Consumer credit performance continued to improve,
supported by lower losses in the auto portfolio. Commercial NPL inflows increased during the quarter, driven by borrower-
specific issues that management does not view as indicative of broader credit deterioration.
Non-Performing Loans Held-in-Portfolio ("NPLs") and Net Charge Offs ("NCOs")
Total NPLs decreased $45 million to $413 million during Q2 2026. Excluding consumer loans, inflows of NPLs held-in-
portfolio increased $137 million in the second quarter of 2026. The ratio of NPLs to total loans held in the portfolio was
1.04% for the second quarter of 2026, compared to 1.17% for the previous quarter. NCO Ratio of 1.05% increased 44 basis
points when compared to the previous quarter. Excluding the $71 million charge-off, the NCO Ratio was 0.33% for the
quarter.
BPPR segment- NPLs decreased $52 million, primarily driven by a $47 million reduction in commercial NPLs. The decline
reflects the resolution of a $155 million relationship, where our intent to sell resulted in a $71 million charge-off and the
transfer of the remaining $84 million to loans held for sale (“LHFS”). The loan was subsequently sold on July 2, 2026. The
decrease resulting from the reclassification of the loan previously mentioned was partially offset by the inflows to commercial
NPLs of two unrelated commercial and industrial relationships of $129 million in the aggregate. These inflows to commercial
NPLs stemmed from issues specific to the individual borrowers and are not indicative of a broader decline in portfolio credit
quality or the industries in which the borrowers operate. Excluding consumer loans, BPPR segment NPL inflows increased
$123 million compared to the prior quarter. 
NCOs increased $43 million, primarily reflecting the previously mentioned commercial credit resolution, partially offset by a
$10 million improvement in consumer NCOs, mostly due to lower losses in the auto portfolio. NCO Ratio of 1.46%,
increased 61 basis points driven by the $71 million charge off during the quarter.
PB segment- NPLs increased $8 million, primarily driven by commercial NPLs. Excluding consumer loans, inflows to NPLs
increased $14 million compared to the previous quarter. NCO Ratio of 0.08%, increased 4 basis points during the quarter.
Refer to table L for a breakdown of Non-Performing Assets.
Allowance for loan losses ("ACL")
The ACL as of June 30, 2026 amounted to $785 million, a decrease of $39 million when compared to the first quarter of
2026. The decline primarily reflects the resolution of the commercial non-performing credit moved to LHFS, improving
consumer credit performance, and favorable portfolio and macroeconomic developments.
BPPR segment- The ACL decreased by $40 million compared to the previous quarter, mostly driven by a $22 million
decrease in reserves for commercial loans. This decrease was primarily due to the transfer to LHFS of the $155 million NPL
and related charge-off, as well as favorable changes in the credit quality of the portfolio and the macroeconomic scenario,
partially offset by higher reserves associated with NPL inflows during the quarter and loan growth. Additionally, the ACL for
consumer loans decreased by $12 million, primarily in the auto and credit card portfolios, reflecting improvements in credit
quality.
PB segment- The ACL remained stable quarter-over-quarter at $93 million.
Provision for credit losses
Provision for loan losses of $65 million for the second quarter of 2026. The decrease of $10 million compared to the prior
quarter was primarily driven by a lower provision expense in the BPPR segment by $12 million, reflecting improved credit
quality in the consumer portfolio, higher recovery activity, and a more favorable macroeconomic outlook supporting the
mortgage portfolio. These favorable trends were partially offset by higher reserve requirements associated with commercial
NPL inflows during the quarter.
Including the provision for unfunded loan commitments and the provision related to the Corporation’s investment portfolio,
the provision for credit losses for the second quarter was $66 million.
10
BALANCE SHEET
Quarters ended
(In thousands)
30-Jun-26
31-Mar-26
Δ vs 31-Mar-26
30-Jun-25
Δ vs 30-June-25
Cash and money market investments
$4,920,502
$5,040,621
$(120,119)
$6,741,417
$(1,820,915)
Investment securities
31,264,698
28,943,544
2,321,154
28,283,970
2,980,728
Loans
39,749,862
39,289,702
460,160
38,185,178
1,564,684
Total assets
78,972,300
76,131,018
2,841,282
76,065,090
2,907,210
Deposits
70,233,115
67,611,316
2,621,799
67,217,491
3,015,624
Borrowings
1,462,831
1,119,557
343,274
1,414,494
48,337
Total liabilities
72,539,295
69,819,932
2,719,363
70,111,072
2,428,223
Stockholders’ equity
6,433,005
6,311,086
121,919
5,954,018
478,987
Total assets- Total assets increased $2.8 billion from the first quarter of 2026, primarily driven by an increase of $2.3 billion
in investment securities. Loans held-in-portfolio increased $460 million, mainly due to an increase of $300 million in the
BPPR segment across most portfolios and an increase of $160 million in the PB segment, primarily in commercial loans.
Loans held-for-sale ("LHFS") also increased $83 million, mainly due to the loan reclassified as LHFS during the quarter.
Total liabilities- Total liabilities increased $2.7 billion from the first quarter of 2026, mainly reflecting a $2.6 billion increase in
deposits, including growth in P.R. public deposits of $3.0 billion, coupled with a $325 million increase in short-term
borrowings due to higher FHLB advances at PB. This was partially offset by a $246 million decline in other liabilities,
primarily from lower unsettled U.S. Treasury purchases outstanding at period end.
Stockholders’ equity- Stockholders' equity increased $122 million when compared to the first quarter of 2026, driven by
$278 million of net income and $35 million of amortization of unrealized losses on securities previously reclassified to held-
to- maturity ("HTM"), net of tax, and a favorable variance in foreign currency translation adjustments of $22 million from our
investment in BHD. These increases were partially offset by $125 million of common share repurchases, $49 million in
common and preferred dividends declared, and a $50 million increase in unrealized losses on available-for-sale ("AFS")
securities.
LOANS AND DEPOSITS BY CATEGORY
Quarter ended 30-Jun-26
(Dollars in thousands)
BPPR
%
PB
%
POPULAR
%
Loans held-in-portfolio:
Commercial multi-family
$345,959
1%
$2,053,465
17%
$2,399,424
6%
Commercial real estate non-owner occupied
3,321,095
12%
2,299,780
20%
5,620,875
14%
Commercial real estate owner occupied
1,156,681
4%
2,100,021
18%
3,256,702
8%
Commercial and industrial
6,163,068
22%
2,611,016
22%
8,774,084
22%
Construction
425,850
2%
1,306,225
11%
1,732,075
4%
Mortgage
7,529,550
27%
1,250,784
11%
8,780,334
22%
Leasing
1,968,035
7%
—
—%
1,968,035
5%
Consumer:
Credit cards
1,238,010
4%
(13)
—%
1,237,997
3%
Home equity lines of credit
1,852
—%
83,505
1%
85,357
—%
Personal
1,896,019
7%
56,706
—%
1,952,725
5%
Auto
3,766,648
13%
—
—%
3,766,648
10%
Other
164,069
1%
11,537
—%
175,606
1%
Total loans held-in-portfolio
$27,976,836
100%
$11,773,026
100%
$39,749,862
100%
The Corporation maintained a diversified loan portfolio at June 30, 2026 with approximately 70% of loan balances in its main
market of Puerto Rico and 54% of our consolidated loan portfolio consisting of real estate-related loans, including residential
mortgage loans, construction loans, commercial multi-family, and commercial loans secured by commercial real estate.
11
Quarter ended 30-Jun-26
(Dollars in thousands)
BPPR
%
PB [2]
%
POPULAR
%
Non-public deposits:
    Demand deposits
$13,851,038
24%
$1,428,006
12%
$15,085,454
21%
    Savings, NOW and money market deposits (non- brokered)
17,368,199
30%
6,159,751
52%
23,376,410
33%
    Savings, NOW and money market deposits (brokered)
79,505
—%
—
—%
79,505
—%
    Time deposits (non-brokered)
4,666,304
8%
3,469,908
29%
8,113,712
12%
    Time deposits (brokered CDs)
—
—%
873,116
7%
873,116
1%
Total Non-public deposits:
35,965,046
61%
11,930,781
100%
47,528,197
P.R public deposits:
    Demand Deposits [1]
11,438,732
19%
—
—%
11,438,732
16%
    Savings, NOW and money market deposits (non-brokered)
10,347,936
18%
—
—%
10,347,936
15%
    Time deposits (non-brokered)
918,250
2%
—
—%
918,250
1%
Total P.R. public deposits
22,704,918
39%
—
—%
22,704,918
32%
Total deposits
$58,669,964
100%
$11,930,781
100%
$70,233,115
100%
[1] Includes interest bearing demand deposits.
[2] PB deposits include intercompany deposits, which are eliminated at the consolidated level.
Total deposits were $70.2 billion as of the end of Q2 2026, reflecting a diversified funding base across retail, commercial and
public sector.
P.R. public deposits stood at $22.7 billion representing 32% of total deposits. We expect P.R. public deposits to be in the
range of $20-22 billion for the rest of the year.
CAPITAL POSITION
Quarters ended
(In thousands)
30-Jun-26
31-Mar-26
Δ vs
31-Mar-26
30-Jun-25
Δ vs
30-Jun-25
Capital Position
Common equity per share
$100.38
$97.27
$3.11
$87.31
$13.07
Tangible common book value per common share (non-GAAP) [1]
$87.94
$84.98
$2.96
$75.41
$12.53
Tangible common book value to tangible assets (non-GAAP) [1]
7.18%
7.29%
-11 bps
6.81%
37 bps
Return on average tangible common equity before adjusting for
the impact of unrealized (gains) losses on AFS securities including
those transferred to HTM (non-GAAP) [1]
20.12%
18.18%
194 bps
14.38%
574 bps
ROTCE (non-GAAP) [1]
17.02%
15.46%
156 bps
13.26%
376 bps
Regulatory Capital
Common Equity Tier 1 capital
16.08%
15.92%
16 bps
15.91%
17 bps
Tier 1 capital
16.13%
15.98%
15 bps
15.96%
17 bps
Total capital
17.85%
17.71%
14 bps
17.70%
15 bps
Tier 1 leverage
8.57%
8.60%
-3 bps
8.51%
6 bps
    [1] Refer to Table R for the reconciliation to most comparable GAAP measures.
The Corporation's Common Equity Tier 1 capital ratio was 16.08% at June 30, 2026, higher by 16 basis points when
compared to Q1 2026, which was primarily driven by higher income. Tangible common book value per common share
increased to $87.94, driven by net income partially offset by capital return activity. Common equity per share increased to
$100.38.
Refer to Table A for capital ratios and Table R for a reconciliation of the non-GAAP financial measures presented above to
the most comparable GAAP financial measures.
Capital Actions – During the quarter and six months ended June 30, 2026, Popular repurchased 833,369 shares of
common stock for $125 million at an average price of $150.36 per share and 1,988,767 shares of common stock for $280
million at an average price of $141.04 per share, respectively. Common stock repurchases and dividends on preferred and
common stock combined, represented capital returned to shareholders of $174 million during the quarter and $378 million
for the six months ended June 30, 2026.
ROTCE (non-GAAP) – Return on average tangible common equity, adjusted to add-back unrealized (gains) losses on AFS
securities, including those transferred to HTM (as so adjusted, "ROTCE"), improved to 17.02% in Q2 2026, up from 15.46%
12
in Q1 2026. We believe that adding back the impact of unrealized (gains) losses on AFS securities including those
transferred to HTM to the denominator provides meaningful information about the Corporation’s return on capital.
2026 FULL YEAR OUTLOOK
Metric
Original FY 2026 Guidance
Updated Guidance
Commentary
Net Interest Income
5%-7% increase for the year
8% - 9% increase for the year
Driven by higher volume of P.R. deposits
Non-Interest Income
$160 million-$165 million per quarter
$165 million - $170 million per quarter
Driven by increase in credit and debit card
activity
NCOs
55 bps-70 bps annualized
65 bps - 80 bps annualized
Due to YTD commercial charge-offs and NPL
inflows
Operating Expenses
3% increase for the year
2% - 3% increase for the year
Guidance includes profit sharing expense
Effective Tax Rate
15%-17% for the year
14% - 15% for the year
Driven by higher exempt income
Loan Growth
3%-4% for the year
Low-end of the guidance range
Driven by consumer loan activity in P.R. and
C&I loan sold in Q3 2026
NON-GAAP FINANCIAL MEASURES
This press release contains financial information prepared under accounting principles generally accepted in the United
States (“U.S. GAAP”) and non-GAAP financial measures. Management uses non-GAAP financial measures when it
determines that these measures provide more meaningful information of the underlying performance of the ongoing
operations. Non-GAAP financial measures used by the Corporation may not be comparable to similarly named non-GAAP
financial measures used by other companies. Below are the non-GAAP measures used in this earnings release:
•NII on a fully taxable equivalent (“FTE”) basis – Management believes that this presentation provides
meaningful information since it facilitates the comparison of revenues arising from taxable and tax-exempt sources.
NII FTE is presented with its different components in Tables D and E for the quarter ended June 30, 2026 and F for
the year to date ended June 30, 2026.
•Tangible common equity – The tangible common equity ratio and tangible book value per common share are
commonly used by banks and analysts in conjunction with more traditional bank capital ratios to compare the
capital adequacy of banking organizations with significant amounts of goodwill or other intangible assets, typically
stemming from the use of the purchase accounting method for mergers and acquisitions. Return on average
tangible common equity is also a measure commonly used by banks and analysts to measure the return on that
tangible common equity. We present return on average tangible common equity with and without the impact of
unrealized (gains) losses on AFS securities including those transferred to HTM in the denominator because we
believe that adding back the impact of unrealized (gains) losses on AFS securities including those transferred to
HTM to the denominator provides meaningful information about the Corporation’s return on capital. Unless
otherwise indicated, references to “ROTCE” in this press release means return on average tangible common equity
as adjusted to add back unrealized (gains) losses on AFS securities, including those transferred to HTM. Neither
tangible common equity nor tangible assets or related measures should be used in isolation or as a substitute for
stockholders’ equity, total assets or any other measure calculated in accordance with GAAP.  Refer to Table R for a
reconciliation of total stockholders’ equity to tangible common equity and total assets to tangible assets.
•Adjusted Net Income – Management believes that the “Adjusted net income” provides meaningful information
about the underlying performance of the Corporation’s ongoing operations. There were no adjustments to net
income for the quarter ended June 30, 2026 or March 31 2026.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995, including without limitation those regarding Popular’s business, financial condition, results of operations, plans,
objectives, outlook and future performance. These statements are not guarantees of future performance, are based on
management’s current expectations and, by their nature, involve risks, uncertainties, estimates and assumptions. Potential
factors, some of which are beyond the Corporation’s control, could cause actual results to differ materially from those
expressed in, or implied by, such forward-looking statements. Risks and uncertainties include, without limitation, the effect of
13
competitive and economic factors, and our reaction to those factors, the adequacy of the allowance for loan losses,
delinquency trends, market risk and the impact of interest rate changes (including on our cost of deposits), our ability to
attract deposits and grow our loan portfolio, capital market conditions, capital adequacy and liquidity, the effect of legal and
regulatory proceedings, the receipt of necessary regulatory approvals, including for dividends by the Corporation’s
subsidiaries, and the timing of those regulatory approvals,  new regulatory requirements or accounting standards on the
Corporation’s financial condition and results of operations, the occurrence of unforeseen or catastrophic events, such as
extreme weather events, pandemics, man-made disasters or acts of violence or war, as well as actions taken by
governmental authorities in response thereto, and the direct and indirect impact of such events on Popular, our customers,
service providers and third parties. Other potential factors include Popular’s ability to successfully execute its transformation
initiative, including, but not limited to, achieving projected earnings, efficiencies and return on tangible common equity and
accurately anticipating costs and expenses associated therewith, our ability to execute capital actions, including with respect
to share repurchases and dividends, the imposition of additional or special FDIC assessments, or increases thereto, the
occurrence of any cyber-security event, changes to regulatory capital, liquidity and resolution-related requirements
applicable to financial institutions, the impact of bank failures or adverse developments at other banks and related negative
media coverage of the banking industry in general on investor and depositor sentiment regarding the stability and liquidity of
banks, and changes in and uncertainty regarding federal funding, tax and trade policies, and rulemaking, supervision,
examination and enforcement priorities of the federal administration. All statements contained herein that are not clearly
historical in nature, are forward-looking, and the words “anticipate,” “believe,” “continues,” “expect,” “estimate,” “intend,”
“project” and similar expressions, and future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,”
“may” or similar expressions, are generally intended to identify forward-looking statements.
More information on the risks and important factors that could affect the Corporation’s future results and financial condition is
included in our Form 10-K for the year ended December 31, 2025, our Form 10-Q for the quarter ended March 31, 2026 
and our Form 10-Q for the quarter ended June 30, 2026 to be filed with the Securities and Exchange Commission. Our
filings are available on the Corporation’s website (www.popular.com) and on the Securities and Exchange Commission
website (www.sec.gov). The Corporation assumes no obligation to update or revise any forward-looking statements or
information which speak as of their respective dates.
ABOUT POPULAR, INC.
Popular, Inc. (NASDAQ: BPOP) is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks
among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s
principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. and British
Virgin Islands, as well as auto and equipment leasing and financing in Puerto Rico. Popular also offers broker-dealer and
insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides retail,
mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has
branches located in New York, New Jersey and Florida.
CONFERENCE CALL
Popular will hold a conference call to discuss its financial results today, Wednesday, July 23, 2026 at 11:00 a.m. Eastern
Time. The call will be broadcast live over the Internet and can be accessed through the Investor Relations section of the
Corporation’s website: www.popular.com.
Following the live webcast, a replay will be archived in the investor relations section of Popular’s website.
14
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table A - Selected Ratios and Other Information
Table B - Consolidated Statement of Operations
Table C - Consolidated Statement of Financial Condition
Table D - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) - QUARTER
Table E - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) - QUARTER
Table F - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) - YEAR-TO-DATE
Table G - Mortgage Banking Activities and Other Service Fees
Table H - Consolidated Loans and Deposits
Table I - Loan Delinquency - BPPR Operations
Table J - Loan Delinquency - Popular U.S. Operations
Table K - Loan Delinquency - Consolidated
Table L - Non-Performing Assets
Table M - Activity in Non-Performing Loans
Table N - Allowance for Credit Losses, Net Charge-offs and Related Ratios
Table O - Allowance for Credit Losses ‘‘ACL’’ - Loan Portfolios - BPPR Operations
Table P - Allowance for Credit Losses ‘‘ACL’’ - Loan Portfolios - Popular U.S. Operations
Table Q - Allowance for Credit Losses ‘‘ACL’’ - Loan Portfolios - Consolidated
Table R - Reconciliation to GAAP Financial Measures
15
POPULAR, INC.
Financial Supplement to Second Quarter 2026 Earnings Release
Table A - Selected Ratios and Other Information
(Unaudited)
Quarters ended
Six months ended
30-Jun-26
31-Mar-26
30-Jun-25
30-Jun-26
30-Jun-25
Basic EPS
$4.35
$3.78
$3.09
$8.13
$5.64
Diluted EPS
$4.35
$3.78
$3.09
$8.13
$5.64
Average common shares outstanding
63,880,929
64,818,440
68,050,361
64,347,094
68,661,851
Average common shares outstanding - assuming dilution
63,915,634
64,877,543
68,079,649
64,381,799
68,687,659
Common shares outstanding at end of period
63,866,681
64,654,788
67,937,468
63,866,681
67,937,468
Market value per common share
$164.18
$134.17
$110.21
$164.18
$110.21
Market capitalization - (In millions)
$10,486
$8,675
$7,487
$10,486
$7,487
Return on average assets
1.41%
1.29%
1.11%
1.35%
1.04%
Return on average common equity
15.18%
13.76%
11.77%
14.48%
10.93%
Net interest margin (non-taxable equivalent basis)
3.66%
3.66%
3.49%
3.67%
3.45%
Net interest margin (taxable equivalent basis) -non-GAAP
4.17%
4.14%
3.85%
4.16%
3.80%
Common equity per share
$100.38
$97.27
$87.31
$100.38
$87.31
Tangible common book value per common share (non-GAAP) [1]
$87.94
$84.98
$75.41
$87.94
$75.41
Tangible common equity to tangible assets (non-GAAP) [1]
7.18%
7.29%
6.81%
7.18%
6.81%
Return on average tangible common equity [1]
17.02%
15.46%
13.26%
17.02%
12.32%
Tier 1 capital
16.13%
15.98%
15.96%
16.13%
15.96%
Total capital
17.85%
17.71%
17.70%
17.85%
17.70%
Tier 1 leverage
8.57%
8.60%
8.51%
8.57%
8.51%
Common Equity Tier 1 capital
16.08%
15.92%
15.91%
16.08%
15.91%
[1]Refer to Table R for reconciliation to GAAP financial measures.
16
POPULAR, INC.
Financial Supplement to Second Quarter 2026 Earnings Release
Table B - Consolidated Statement of Operations
(Unaudited)
Quarters ended
Variance Quarter ended
Variance
Six months ended
(In thousands, except per share information)
30-Jun-26
31-Mar-26
Δ vs         
31-Mar-26
30-Jun-25
Δ vs         
30-Jun-25
30-Jun-26
30-Jun-25
Interest income:
Loans
$714,266
$702,149
$12,117
$684,587
$29,679
$1,416,415
$1,351,260
Money market investments
47,021
44,240
2,781
69,532
(22,511)
91,261
139,698
Investment securities
220,352
200,827
19,525
189,753
30,599
421,179
369,912
Total interest income
981,639
947,216
34,423
943,872
37,767
1,928,855
1,860,870
Interest expense:
Deposits
271,254
259,418
11,836
295,058
(23,804)
530,672
592,921
Short-term borrowings
5,172
5,703
(531)
5,300
(128)
10,875
6,726
Long-term debt
11,794
11,915
(121)
11,965
(171)
23,709
24,077
Total interest expense
288,220
277,036
11,184
312,323
(24,103)
565,256
623,724
Net interest income
693,419
670,180
23,239
631,549
61,870
1,363,599
1,237,146
Provision for credit losses
65,873
75,886
(10,013)
48,941
16,932
141,759
113,022
Net interest income after provision for credit
losses
627,546
594,294
33,252
582,608
44,938
1,221,840
1,124,124
Service charges on deposit accounts
39,037
38,766
271
38,826
211
77,803
77,880
Other service fees
108,792
102,921
5,871
100,522
8,270
211,713
195,030
Mortgage banking activities
6,267
4,213
2,054
4,872
1,395
10,480
8,561
Net loss, including impairment, on debt
securities
(595)
—
(595)
—
(595)
(595)
—
Net gain, including impairment, on equity
securities
2,327
1,029
1,298
1,862
465
3,356
1,448
Net gain on trading account debt securities
214
261
(47)
538
(324)
475
1,058
Adjustments to indemnity reserves on loans
sold
394
35
359
120
274
429
293
Other operating income
24,109
18,401
5,708
21,737
2,372
42,510
36,268
Total non-interest income
180,545
165,626
14,919
168,477
12,068
346,171
320,538
Operating expenses:
Personnel costs
Salaries
134,448
134,813
(365)
132,752
1,696
269,261
263,702
Commissions, incentives and other
bonuses
39,911
34,903
5,008
40,551
(640)
74,814
78,537
Profit sharing
10,000
(1,203)
11,203
13,000
(3,000)
8,797
13,000
Pension, postretirement and medical
insurance
18,773
14,896
3,877
18,458
315
33,669
33,024
Other personnel costs, including payroll
taxes
25,899
32,660
(6,761)
24,594
1,305
58,559
53,805
Total personnel costs
229,031
216,069
12,962
229,355
(324)
445,100
442,068
Net occupancy expenses
27,764
27,299
465
29,140
(1,376)
55,063
56,358
Equipment expenses
5,879
5,229
650
5,789
90
11,108
11,091
Other taxes
17,707
17,677
30
18,632
(925)
35,384
37,357
Professional fees
24,484
25,553
(1,069)
28,108
(3,624)
50,037
54,933
Technology and software expenses
90,971
89,139
1,832
84,696
6,275
180,110
168,364
Processing and transactional services
Credit and debit cards
13,236
14,206
(970)
13,044
192
27,442
25,970
Other processing and transactional
services
24,030
24,881
(851)
24,817
(787)
48,911
49,672
Total processing and transactional
services
37,266
39,087
(1,821)
37,861
(595)
76,353
75,642
Communications
4,261
4,509
(248)
5,010
(749)
8,770
9,914
Business promotion
Rewards and customer loyalty programs
19,600
15,392
4,208
18,047
1,553
34,992
34,412
Other business promotion
8,300
7,468
832
8,338
(38)
15,768
15,648
Total business promotion
27,900
22,860
5,040
26,385
1,515
50,760
50,060
Deposit insurance
9,977
9,917
60
9,407
570
19,894
19,442
17
Other real estate owned (OREO) income
(3,238)
(4,618)
1,380
(4,124)
886
(7,856)
(7,454)
Other operating expenses
Operational losses
3,118
3,975
(857)
6,185
(3,067)
7,093
12,323
All other
8,626
10,230
(1,604)
15,932
(7,306)
18,856
32,693
Total other operating expenses
11,744
14,205
(2,461)
22,117
(10,373)
25,949
45,016
Amortization of intangibles
384
384
—
385
(1)
768
982
Total operating expenses
484,130
467,310
16,820
492,761
(8,631)
951,440
963,773
Income before income tax
323,961
292,610
31,351
258,324
65,637
616,571
480,889
Income tax expense
45,747
46,936
(1,189)
47,884
(2,137)
92,683
92,947
Net income
$278,214
$245,674
$32,540
$210,440
$67,774
$523,888
$387,942
Net income applicable to common stock
$277,861
$245,321
$32,540
$210,087
$67,774
$523,182
$387,236
Net income per common share - basic
$4.35
$3.78
$0.57
$3.09
$1.26
$8.13
$5.64
Net income per common share - diluted
$4.35
$3.78
$0.57
$3.09
$1.26
$8.13
$5.64
Dividends Declared per Common Share
$0.75
$0.75
$—
$0.70
$0.05
$1.50
$1.40
18
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table C - Consolidated Statement of Financial Condition
(Unaudited)
Quarters ended
Variance
(In thousands)
30-Jun-26
31-Mar-26
30-Jun-25
Δ vs 31-Mar-26
Assets:
Cash and due from banks
$365,013
$384,922
$400,631
$(19,909)
Money market investments
4,555,489
4,655,699
6,340,786
(100,210)
Trading account debt securities, at fair value
31,170
30,449
29,643
721
Debt securities available-for-sale, at fair value
24,792,834
21,733,269
20,490,212
3,059,565
Debt securities held-to-maturity, at amortized cost
6,204,020
6,962,659
7,541,724
(758,639)
Less: Allowance for credit losses
6,230
5,900
5,999
330
Debt securities held-to-maturity, net
6,197,790
6,956,759
7,535,725
(758,969)
Equity securities
236,674
217,167
222,391
19,507
Loans held-for-sale, at lower of cost or fair value
88,579
5,603
2,898
82,976
Loans held-in-portfolio
40,156,582
39,703,844
38,611,834
452,738
Less: Unearned income
406,720
414,142
426,656
(7,422)
Allowance for credit losses
784,832
823,729
769,485
(38,897)
Total loans held-in-portfolio, net
38,965,030
38,465,973
37,415,693
499,057
Premises and equipment, net
731,945
706,233
649,191
25,712
Other real estate
49,557
45,680
46,126
3,877
Accrued income receivable
307,251
308,617
274,867
(1,366)
Mortgage servicing rights, at fair value
94,485
94,232
103,077
253
Other assets
1,762,221
1,731,769
1,745,052
30,452
Goodwill
789,954
789,954
802,954
—
Other intangible assets
4,308
4,692
5,844
(384)
Total assets
$78,972,300
$76,131,018
$76,065,090
$2,841,282
Liabilities and Stockholders’ Equity:
Liabilities:
Deposits:
Non-interest bearing
$15,096,293
$15,785,788
$15,114,614
$(689,495)
Interest bearing
55,136,822
51,825,528
52,102,877
3,311,294
Total deposits
70,233,115
67,611,316
67,217,491
2,621,799
Assets sold under agreements to repurchase
77,521
34,576
56,043
42,945
Other short-term borrowings
675,000
350,000
550,000
325,000
Notes payable
710,310
734,981
808,451
(24,671)
Other liabilities
843,349
1,089,059
1,479,087
(245,710)
Total liabilities
72,539,295
69,819,932
70,111,072
2,719,363
Stockholders’ equity:
Preferred stock
22,143
22,143
22,143
—
Common stock
1,050
1,049
1,049
1
Surplus
4,937,091
4,928,636
4,919,950
8,455
Retained earnings
5,632,866
5,403,176
4,861,958
229,690
Treasury stock
(3,000,759)
(2,875,230)
(2,455,425)
(125,529)
Accumulated other comprehensive loss, net of tax
(1,159,386)
(1,168,688)
(1,395,657)
9,302
Total stockholders’ equity
6,433,005
6,311,086
5,954,018
121,919
Total liabilities and stockholders’ equity
$78,972,300
$76,131,018
$76,065,090
$2,841,282
19
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table D - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP)
For the quarters ended  June 30, 2026 and March 31, 2026
(audited)
Average Volume
Average Yields / Costs
Interest
Variance
Attributable to
30-Jun-26
31-Mar-26
Variance
30-Jun-26
31-Mar-26
Variance
30-Jun-26
31-Mar-26
Variance
Rate
Volume
(In millions)
(In thousands)
$5,095
$4,850
$245
3.70%
3.70%
—%
Money market
investments
$47,021
$44,240
$2,781
$521
$2,260
31,091
29,810
1,281
3.69
3.52
0.17
Investment securities [1]
286,115
258,897
27,218
14,156
13,062
32
34
(2)
5.76
5.56
0.20
Trading securities
454
463
(9)
21
(30)
36,218
34,694
1,524
3.69
3.54
0.15
Total money market,
investment and trading
securities
333,590
303,600
29,990
14,698
15,292
Loans:
19,932
19,723
209
6.73
6.71
0.02
Commercial
334,494
326,387
8,107
4,622
3,485
1,764
1,697
67
7.90
8.14
(0.24)
Construction
34,729
34,068
661
(674)
1,335
1,970
1,985
(15)
7.45
7.35
0.10
Leasing
36,680
36,459
221
499
(278)
8,732
8,664
68
6.15
6.08
0.07
Mortgage
134,236
131,679
2,557
1,510
1,047
3,310
3,309
1
13.74
13.86
(0.12)
Consumer
113,356
113,129
227
408
(181)
3,867
3,892
(25)
9.32
9.33
(0.01)
Auto
89,901
89,496
405
983
(578)
39,575
39,270
305
7.53
7.53
—
Total loans
743,396
731,218
12,178
7,348
4,830
$75,793
$73,964
$1,829
5.70%
5.66%
0.04%
Total earning assets
$1,076,986
$1,034,818
$42,168
$22,046
$20,122
Interest bearing deposits:
$8,819
$8,554
$265
1.69%
1.62%
0.07%
NOW and money
market
$37,237
$34,159
$3,078
$1,986
$1,092
14,817
14,633
184
0.78
0.77
0.01
Savings
28,640
27,714
926
766
160
8,907
8,714
193
2.95
2.99
(0.04)
Time deposits
65,411
64,243
1,168
(4)
1,172
21,502
20,362
1,140
2.61
2.66
(0.05)
P.R. public deposits
139,966
133,302
6,664
(926)
7,590
54,045
52,263
1,782
2.01
2.01
—
Total interest bearing
deposits
271,254
259,418
11,836
1,822
10,014
15,268
15,101
167
Non-interest bearing
demand deposits
69,313
67,364
1,949
1.57
1.56
0.01
Total deposits
271,254
259,418
11,836
1,822
10,014
539
597
(58)
3.85
3.88
(0.03)
Short-term borrowings
5,172
5,703
(531)
19
(550)
741
772
(31)
6.38
6.26
0.12
Other medium and long-
term debt
11,794
11,915
(121)
320
(441)
55,325
53,632
1,693
2.09
2.09
—
Total interest bearing
liabilities (excluding
demand deposits)
288,220
277,036
11,184
2,161
9,023
5,200
5,231
(31)
Other sources of funds
$75,793
$73,964
$1,829
1.53%
1.52%
0.01%
Total source of funds
$288,220
$277,036
$11,184
$2,161
$9,023
4.17%
4.14%
0.03%
Net interest margin/
income on a taxable
equivalent basis (Non-
GAAP)
$788,766
$757,782
$30,984
$19,885
$11,099
3.61%
3.57%
0.04%
Net interest spread
Taxable equivalent
adjustment
95,347
87,602
7,745
3.66%
3.66%
—%
Net interest margin/
income non-taxable
equivalent basis
(GAAP)
$693,419
$670,180
$23,239
Note: The changes that are not due solely to volume or rate are allocated to volume and rate based on the proportion of the change in each category.
[1]Average balances exclude unrealized gains or losses on debt securities available-for-sale and the unrealized loss related to certain securities transferred
from available-for-sale to held-to-maturity.
20
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table E - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP)
For the quarters ended June 30, 2026 and June 30, 2025
(Unaudited)
Average Volume
Average Yields / Costs
Interest
Variance
Attributable to
30-Jun-26
30-Jun-25
Variance
30-Jun-26
30-Jun-25
Variance
30-Jun-26
30-Jun-25
Variance
Rate
Volume
(In millions)
(In thousands)
$5,095
$6,251
$(1,156)
3.70%
4.46%
(0.76)%
Money market
investments
$47,021
$69,532
$(22,511)
$(10,800)
$(11,711)
31,091
28,809
2,282
3.69
3.29
0.40
Investment securities [1]
286,115
236,372
49,743
25,813
23,930
32
27
5
5.76
5.99
(0.23)
Trading securities
454
407
47
(16)
63
36,218
35,087
1,131
3.69
3.50
0.19
Total money market,
investment and trading
securities
333,590
306,311
27,279
14,997
12,282
Loans:
19,932
18,676
1,256
6.73
6.73
—
Commercial
334,494
313,493
21,001
(80)
21,081
1,764
1,459
305
7.90
8.19
(0.29)
Construction
34,729
29,806
4,923
(1,113)
6,036
1,970
1,963
7
7.45
7.18
0.27
Leasing
36,680
35,249
1,431
1,307
124
8,732
8,339
393
6.15
5.89
0.26
Mortgage
134,236
122,873
11,363
5,431
5,932
3,310
3,211
99
13.74
14.00
(0.26)
Consumer
113,356
112,083
1,273
(1,995)
3,268
3,867
3,937
(70)
9.32
9.14
0.18
Auto
89,901
89,706
195
1,809
(1,614)
39,575
37,585
1,990
7.53
7.50
0.03
Total loans
743,396
703,210
40,186
5,359
34,827
$75,793
$72,672
$3,121
5.70%
5.57%
0.13%
Total earning assets
$1,076,986
$1,009,521
$67,465
$20,356
$47,109
Interest bearing deposits:
$8,819
$8,062
$757
1.69%
1.71%
(0.02)%
NOW and money
market
$37,237
$34,288
$2,949
$(1,647)
$4,596
14,817
14,605
212
0.78
0.83
(0.05)
Savings
28,640
30,378
(1,738)
(1,134)
(604)
8,907
8,532
375
2.95
3.15
(0.20)
Time deposits
65,411
67,032
(1,621)
(4,675)
3,054
21,502
20,333
1,169
2.61
3.22
(0.61)
P.R. public deposits
139,966
163,360
(23,394)
(32,122)
8,728
54,045
51,532
2,513
2.01
2.29
(0.28)
Total interest bearing
deposits
271,254
295,058
(23,804)
(39,578)
15,774
15,268
14,825
443
Non-interest bearing
demand deposits
69,313
66,357
2,956
1.57
1.78
(0.21)
Total deposits
271,254
295,058
(23,804)
(39,578)
15,774
539
470
69
3.85
4.52
(0.67)
Short-term borrowings
5,172
5,300
(128)
(831)
703
741
832
(91)
6.38
5.79
0.59
Other medium and long-
term debt
11,794
11,965
(171)
1,253
(1,424)
55,325
52,834
2,491
2.09
2.36
(0.27)
Total interest bearing
liabilities (excluding
demand deposits)
288,220
312,323
(24,103)
(39,156)
15,053
5,200
5,013
187
Other sources of funds
$75,793
$72,672
$3,121
1.53%
1.72%
(0.19)%
Total source of funds
$288,220
$312,323
$(24,103)
$(39,156)
$15,053
4.17%
3.85%
0.32%
Net interest margin/
income on a taxable
equivalent basis (Non-
GAAP)
$788,766
$697,198
$91,568
$59,512
$32,056
3.61%
3.21%
0.40%
Net interest spread
Taxable equivalent
adjustment
95,347
65,649
29,698
3.66%
3.49%
0.17%
Net interest margin/
income non-taxable
equivalent basis
(GAAP)
$693,419
$631,549
$61,870
Note: The changes that are not due solely to volume or rate are allocated to volume and rate based on the proportion of the change in each category.
[1]Average balances exclude unrealized gains or losses on debt securities available-for-sale and the unrealized loss related to certain securities transferred
from available-for-sale to held-to-maturity.
21
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table F - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) - YEAR-TO-DATE
(Unaudited)
Average Volume
Average Yields / Costs
Interest
Variance
Attributable to
30-Jun-26
30-Jun-25
Variance
30-Jun-26
30-Jun-25
Variance
30-Jun-26
30-Jun-25
Variance
Rate
Volume
(In millions)
(In thousands)
$4,973
$6,314
$(1,341)
3.70%
4.46%
(0.76)%
Money market
investments
$91,261
$139,698
$(48,437)
$(21,575)
$(26,862)
30,454
28,613
1,841
3.61
3.22
0.39
Investment securities [1]
545,012
456,807
88,205
50,353
37,852
33
29
4
5.66
5.90
(0.24)
Trading securities
916
847
69
(36)
105
35,460
34,956
504
3.62
3.45
0.17
Total money market,
investment and trading
securities
637,189
597,352
39,837
28,742
11,095
Loans:
19,828
18,585
1,243
6.72
6.72
—
Commercial
660,881
619,461
41,420
(21)
41,441
1,731
1,385
346
8.02
8.15
(0.13)
Construction
68,796
55,995
12,801
(964)
13,765
1,977
1,951
26
7.40
7.14
0.26
Leasing
73,139
69,693
3,446
2,485
961
8,698
8,254
444
6.11
5.86
0.25
Mortgage
265,915
241,789
24,126
10,791
13,335
3,310
3,207
103
13.80
14.02
(0.22)
Consumer
226,486
222,989
3,497
(3,386)
6,883
3,880
3,929
(49)
9.32
9.11
0.21
Auto
179,398
177,511
1,887
4,154
(2,267)
39,424
37,311
2,113
7.53
7.49
0.04
Total loans
1,474,615
1,387,438
87,177
13,059
74,118
$74,884
$72,267
$2,617
5.68%
5.54%
0.14%
Total earning assets
$2,111,804
$1,984,790
$127,014
$41,801
$85,213
Interest bearing
deposits:
$8,687
$8,022
$665
1.66%
1.72%
(0.06)%
NOW and money
market
$71,397
$68,290
$3,107
$(5,927)
$9,034
14,725
14,556
169
0.77
0.85
(0.08)
Savings
56,353
61,658
(5,305)
(3,967)
(1,338)
8,812
8,466
346
2.97
3.18
(0.21)
Time deposits
129,654
133,713
(4,059)
(9,545)
5,486
20,935
20,310
625
2.63
3.27
(0.64)
P.R public deposits
273,268
329,260
(55,992)
(65,601)
9,609
53,159
51,354
1,805
2.01
2.33
(0.32)
Total interest bearing
deposits
530,672
592,921
(62,249)
(85,040)
22,791
15,185
14,758
427
Non-interest bearing
demand deposits
68,344
66,112
2,232
1.57
1.81
(0.24)
Total deposits
530,672
592,921
(62,249)
(85,040)
22,791
568
297
271
3.86
4.57
(0.71)
Short-term borrowings
10,875
6,726
4,149
(1,116)
5,265
757
847
(90)
6.32
5.72
0.60
Other medium and long-
term debt
23,709
24,077
(368)
2,474
(2,842)
54,484
52,498
1,986
2.09
2.40
(0.31)
Total interest bearing
liabilities (excluding
demand deposits)
565,256
623,724
(58,468)
(83,682)
25,214
5,215
5,011
204
Other sources of funds
$74,884
$72,267
$2,617
1.52%
1.74%
(0.22)%
Total source of funds
$565,256
$623,724
$(58,468)
$(83,682)
$25,214
4.16%
3.80%
0.36%
Net interest margin/
income on a taxable
equivalent basis (Non-
GAAP)
$1,546,548
$1,361,066
$185,482
$125,483
$59,999
3.59%
3.14%
0.45%
Net interest spread
Taxable equivalent
adjustment
182,949
123,920
59,029
3.67%
3.45%
0.22%
Net interest margin/
income non-taxable
equivalent basis
(GAAP)
$1,363,599
$1,237,146
$126,453
Note: The changes that are not due solely to volume or rate are allocated to volume and rate based on the proportion of the change in each category.
[1]Average balances exclude unrealized gains or losses on debt securities available-for-sale and the unrealized loss related to certain securities transferred
from available-for-sale to held-to-maturity.
22
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table G - Mortgage Banking Activities and Other Service Fees
(Unaudited)
Mortgage Banking Activities
Quarters ended
Variance
Six month ended
(In thousands)
30-Jun-26
31-Mar-26
30-Jun-25
Δ vs 31-
Mar-26
Δ vs 30-
Jun-25
30-Jun-26
30-Jun-25
Δ vs 30-
Jun-25
Mortgage servicing fees, net of fair value
adjustments:
Mortgage servicing fees
$6,416
$6,483
$6,912
$(67)
$(496)
$12,899
$14,080
$(1,181)
Mortgage servicing rights fair value
adjustments
(232)
(2,639)
(1,954)
2,407
1,722
(2,871)
(5,524)
2,653
Total mortgage servicing fees, net of fair value
adjustments
6,184
3,844
4,958
2,340
1,226
10,028
8,556
1,472
Net (loss) gain on sale of loans, including
valuation on loans held-for-sale
159
317
(37)
(158)
196
477
156
321
Trading account (loss) profit:
Unrealized (losses) gains on outstanding
derivative positions
(52)
75
(8)
(127)
(44)
23
(95)
118
Realized (losses) gains on closed derivative
positions
13
(18)
(10)
31
23
(5)
(9)
4
Total trading account (loss) profit
(39)
57
(18)
(96)
(21)
17
(104)
121
Losses on repurchased loans, including interest
advances
(37)
(4)
(31)
(33)
(6)
(42)
(47)
5
Total mortgage banking activities
$6,267
$4,214
$4,872
$2,053
$1,395
$10,480
$8,561
$1,919
Other Service Fees
Quarters ended
Variance
Six month ended
(In thousands)
30-Jun-26
31-Mar-26
30-Jun-25
Δ vs 31-
Mar-26
Δ vs 30-
Jun-25
30-Jun-26
30-Jun-25
Δ vs 30-
Jun-25
Other service fees:
Debit card fees
$31,538
$30,009
$27,918
$1,529
$3,620
$61,546
$54,350
$7,196
Insurance fees
12,586
12,525
12,695
61
(109)
25,111
24,004
1,107
Credit card fees
34,783
32,000
32,502
2,783
2,281
66,784
62,632
4,152
Sale and administration of
investment products
9,998
10,187
9,058
(189)
940
20,185
18,031
2,154
Trust fees
7,751
7,339
6,626
412
1,125
15,090
12,926
2,164
Other fees
12,136
10,861
11,723
1,275
413
22,997
23,087
(90)
Total other service fees
$108,792
$102,921
$100,522
$5,871
$8,270
$211,713
$195,030
$16,683
23
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table H - Consolidated Loans and Deposits
(Unaudited)
Loans - Ending Balances
Quarters ended
Variance
(Dollars in thousands)
30-Jun-26
31-Mar-26
30-Jun-25
Δ vs 31-
Mar-26
% of
Change
Δ vs 30-
Jun-25
% of
Change
Loans held-in-portfolio:
Commercial
Commercial multi-family
$2,399,424
$2,427,295
$2,520,789
$(27,871)
(1.15%)
$(121,365)
(4.81%)
Commercial real estate non-
owner occupied
5,620,875
5,543,451
5,521,374
77,424
1.40%
99,501
1.80%
Commercial real estate owner
occupied
3,256,702
3,212,356
3,003,855
44,346
1.38%
252,847
8.42%
Commercial and industrial
8,774,084
8,565,559
8,043,752
208,525
2.43%
730,332
9.08%
Total Commercial
20,051,085
19,748,661
19,089,770
302,424
1.53%
961,315
5.04%
Construction
1,732,075
1,674,193
1,468,201
57,882
3.46%
263,874
17.97%
Mortgage
8,780,334
8,712,361
8,444,427
67,973
0.78%
335,907
3.98%
Leasing
1,968,035
1,986,165
1,983,068
(18,130)
(0.91%)
(15,033)
(0.76%)
Consumer
Credit cards
1,237,997
1,214,199
1,215,293
23,798
1.96%
22,704
1.87%
Home equity lines of credit
85,357
79,764
77,479
5,593
7.01%
7,878
10.17%
Personal
1,952,725
1,913,281
1,876,463
39,444
2.06%
76,262
4.06%
Auto
3,766,648
3,783,904
3,861,702
(17,256)
(0.46%)
(95,054)
(2.46%)
Other
175,606
177,174
168,775
(1,568)
(0.89%)
6,831
4.05%
Total Consumer
7,218,333
7,168,322
7,199,712
50,011
0.70%
18,621
0.26%
Total loans held-in-portfolio
$39,749,862
$39,289,702
$38,185,178
$460,160
1.17%
$1,564,684
4.10%
Loans held-for-sale:
Commercial
$83,700
$—
$—
$83,700
—%
$83,700
—%
Mortgage
$4,879
$5,603
$2,898
$(724)
(12.92%)
$1,981
68.36%
Total loans held-for-sale
$88,579
$5,603
$2,898
$82,976
1480.92%
$85,681
2956.56%
Total loans
$39,838,441
$39,295,305
$38,188,076
$543,136
1.38%
$1,650,365
4.32%
Deposits - Ending Balances
Quarters ended
Variance
(In thousands)
30-Jun-26
31-Mar-26
30-Jun-25 [2]
Δ vs 31-
Mar-26
% of
Change
Δ vs 30-
Jun-25
% of
Change
Deposits excluding P.R. public deposits:
Demand deposits
$15,085,454
$15,778,435
$15,114,614
$(692,981)
(4.39%)
$(29,160)
(0.19%)
Savings, NOW and money market
deposits (non-brokered)
23,376,410
23,208,340
22,292,892
168,070
0.72%
1,083,518
4.86%
Savings, NOW and money market
deposits (brokered)
79,505
82,417
91,220
(2,912)
(3.53%)
(11,715)
(12.84%)
Time deposits (non-brokered)
8,113,712
7,958,260
8,071,836
155,452
1.95%
41,876
0.52%
Time deposits (brokered CDs)
873,116
914,526
728,969
(41,410)
(4.53%)
144,147
19.77%
Sub-total deposits excluding P.R. public
deposits
47,528,197
47,941,978
46,299,531
(413,781)
(0.86%)
1,228,666
2.65%
P.R. public deposits:
Demand deposits [1]
11,438,732
11,967,888
12,376,316
(529,156)
(4.42%)
(937,584)
(7.58%)
Savings, NOW and money market
deposits (non-brokered)
10,347,936
6,828,306
7,743,663
3,519,630
51.54%
2,604,273
33.63%
Time deposits (non-brokered)
918,250
873,144
797,981
45,106
5.17%
120,269
15.07%
Sub-total P.R. public deposits
22,704,918
19,669,338
20,917,960
3,035,580
15.43%
1,786,958
8.54%
Total deposits
$70,233,115
$67,611,316
$67,217,491
$2,621,799
3.88%
$3,015,624
4.49%
[1] Includes interest bearing demand deposits.
[2] Savings, NOW and money market deposits include reciprocal deposits of $841 million as of June 30, 2026  (March 31, 2026 - $821 million; June 30, 2025 -
$738 million) that were categorized as brokered deposits during 2025 and re-characterized as non-brokered in 2026. Similarly, Time deposits include reciprocal
deposits of $75 million  as of June 30, 2026 (March 31, 2026 - $87 million; June 30, 2025 - $133 million) that were categorized as brokered deposits during
2025 and re-characterized as non-brokered in 2026. The presentation for June 30, 2025  has been adjusted to conform to the presentation for June 30, 2026.
24
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table I - Loan Delinquency - BPPR Operations
(Unaudited)
30-Jun-26
BPPR
Past due
Past due 90 days or more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$10,723
$—
$—
$10,723
$335,236
$345,959
$—
$—
Commercial real estate:
Non-owner
occupied
2,750
160
26,016
28,926
3,292,169
3,321,095
26,016
—
Owner occupied
2,053
—
15,374
17,427
1,139,254
1,156,681
15,374
—
Commercial and industrial
5,063
2,084
142,947
150,094
6,012,974
6,163,068
138,389
4,558
Construction
—
—
—
—
425,850
425,850
—
—
Mortgage
228,082
108,220
320,739
657,041
6,872,509
7,529,550
129,240
191,499
Leasing
22,358
5,549
7,182
35,089
1,932,946
1,968,035
7,182
—
Consumer:
Credit cards
12,058
8,488
23,367
43,913
1,194,097
1,238,010
—
23,367
Home equity lines
of credit
—
—
—
—
1,852
1,852
—
—
Personal
17,784
10,789
16,605
45,178
1,850,841
1,896,019
16,605
—
Auto
99,765
19,552
31,474
150,791
3,615,857
3,766,648
31,474
—
Other
327
796
3,869
4,992
159,077
164,069
3,544
325
Total
$400,963
$155,638
$587,573
$1,144,174
$26,832,662
$27,976,836
$367,824
$219,749
31-Mar-26
BPPR
Past due
Past due 90 days or more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$2,717
$7,927
$—
$10,644
$332,447
$343,091
$—
$—
Commercial real estate:
Non-owner
occupied
3,123
—
26,457
29,580
3,362,611
3,392,191
26,457
—
Owner occupied
2,114
664
14,192
16,970
1,131,241
1,148,211
14,192
—
Commercial and industrial
5,792
2,240
190,205
198,237
5,742,028
5,940,265
185,993
4,212
Construction
13,635
—
—
13,635
399,144
412,779
—
—
Mortgage
218,044
102,818
325,321
646,183
6,789,562
7,435,745
129,367
195,954
Leasing
21,261
3,938
8,892
34,091
1,952,074
1,986,165
8,892
—
Consumer:
Credit cards
12,351
8,721
25,395
46,467
1,167,725
1,214,192
—
25,395
Home equity lines
of credit
—
120
—
120
1,778
1,898
—
—
Personal
18,601
11,212
15,976
45,789
1,805,275
1,851,064
15,755
221
Auto
81,112
13,038
35,390
129,540
3,654,364
3,783,904
35,390
—
Other
574
135
4,663
5,372
162,036
167,408
4,227
436
Total
$379,324
$150,813
$646,491
$1,176,628
$26,500,285
$27,676,913
$420,273
$226,218
25
Variance
Past due
Past due 90 days or more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$8,006
$(7,927)
$—
$79
$2,789
$2,868
$—
$—
Commercial real estate:
Non-owner occupied
(373)
160
(441)
(654)
(70,442)
(71,096)
(441)
—
Owner occupied
(61)
(664)
1,182
457
8,013
8,470
1,182
—
Commercial and industrial
(729)
(156)
(47,258)
(48,143)
270,946
222,803
(47,604)
346
Construction
(13,635)
—
—
(13,635)
26,706
13,071
—
—
Mortgage
10,038
5,402
(4,582)
10,858
82,947
93,805
(127)
(4,455)
Leasing
1,097
1,611
(1,710)
998
(19,128)
(18,130)
(1,710)
—
Consumer:
Credit cards
(293)
(233)
(2,028)
(2,554)
26,372
23,818
—
(2,028)
Home equity lines of credit
—
(120)
—
(120)
74
(46)
—
—
Personal
(817)
(423)
629
(611)
45,566
44,955
850
(221)
Auto
18,653
6,514
(3,916)
21,251
(38,507)
(17,256)
(3,916)
—
Other
(247)
661
(794)
(380)
(2,959)
(3,339)
(683)
(111)
Total
$21,639
$4,825
$(58,918)
$(32,454)
$332,377
$299,923
$(52,449)
$(6,469)
26
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table J - Loan Delinquency - Popular U.S. Operations
(Unaudited)
30-Jun-26
Popular U.S.
Past due
Past due 90 days or
more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$5,166
$—
$8,931
$14,097
$2,039,368
$2,053,465
$8,931
$—
Commercial real estate:
—
Non-owner occupied
1,600
3,391
6,950
11,941
2,287,839
2,299,780
6,950
—
Owner occupied
994
1,438
8,865
11,297
2,088,724
2,100,021
8,865
—
Commercial and industrial
5,672
58
6,737
12,467
2,598,549
2,611,016
6,563
174
Construction
—
12,491
—
12,491
1,293,734
1,306,225
—
—
Mortgage
898
2,773
10,233
13,904
1,236,880
1,250,784
10,233
—
Consumer:
—
Credit cards
—
—
—
—
(13)
(13)
—
—
Home equity lines of credit
912
119
3,320
4,351
79,154
83,505
3,320
—
Personal
513
656
751
1,920
54,786
56,706
751
—
Other
441
—
—
441
11,096
11,537
—
—
Total
$16,196
$20,926
$45,787
$82,909
$11,690,117
$11,773,026
$45,613
$174
31-Mar-26
Popular U.S.
Past due
Past due 90 days or
more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$5,733
$—
$10,962
$16,695
$2,067,509
$2,084,204
$10,962
$—
Commercial real estate:
—
Non-owner occupied
10,282
1,930
6,987
19,199
2,132,061
2,151,260
6,987
—
Owner occupied
21,202
1,610
—
22,812
2,041,333
2,064,145
—
—
Commercial and industrial
11,660
4,404
6,693
22,757
2,602,537
2,625,294
6,524
169
Construction
6,903
—
—
6,903
1,254,511
1,261,414
—
—
Mortgage
25,877
1,552
9,700
37,129
1,239,487
1,276,616
9,700
—
Consumer:
—
Credit cards
—
—
—
—
7
7
—
—
Home equity lines of credit
660
252
2,766
3,678
74,188
77,866
2,766
—
Personal
1,062
523
905
2,490
59,727
62,217
905
—
Other
2
—
—
2
9,764
9,766
—
—
Total
$83,381
$10,271
$38,013
$131,665
$11,481,124
$11,612,789
$37,844
$169
27
Variance
Past due
Past due 90 days or
more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$(567)
$—
$(2,031)
$(2,598)
$(28,141)
$(30,739)
$(2,031)
$—
Commercial real estate:
Non-owner occupied
(8,682)
1,461
(37)
(7,258)
155,778
148,520
(37)
—
Owner occupied
(20,208)
(172)
8,865
(11,515)
47,391
35,876
8,865
—
Commercial and industrial
(5,988)
(4,346)
44
(10,290)
(3,988)
(14,278)
39
5
Construction
(6,903)
12,491
—
5,588
39,223
44,811
—
—
Mortgage
(24,979)
1,221
533
(23,225)
(2,607)
(25,832)
533
—
Consumer:
—
—
—
—
—
—
—
—
Credit cards
—
—
—
—
(20)
(20)
—
—
Home equity lines of credit
252
(133)
554
673
4,966
5,639
554
—
Personal
(549)
133
(154)
(570)
(4,941)
(5,511)
(154)
—
Other
439
—
—
439
1,332
1,771
—
—
Total
$(67,185)
$10,655
$7,774
$(48,756)
$208,993
$160,237
$7,769
$5
28
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table K - Loan Delinquency - Consolidated
(Unaudited)
30-Jun-26
Popular, Inc.
Past due
Past due 90 days or more
(In thousands)
30-59 days
60-89 days
90 days or
more
Total past
due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$15,889
$—
$8,931
$24,820
$2,374,604
$2,399,424
$8,931
$—
$—
Commercial real estate:
Non-owner occupied
4,350
3,551
32,966
40,867
5,580,008
5,620,875
32,966
—
Owner occupied
3,047
1,438
24,239
28,724
3,227,978
3,256,702
24,239
—
Commercial and industrial
10,735
2,142
149,684
162,561
8,611,523
8,774,084
144,952
4,732
Construction
—
12,491
—
12,491
1,719,584
1,732,075
—
—
Mortgage
228,980
110,993
330,972
670,945
8,109,389
8,780,334
139,473
191,499
Leasing
22,358
5,549
7,182
35,089
1,932,946
1,968,035
7,182
—
Consumer:
Credit cards
12,058
8,488
23,367
43,913
1,194,084
1,237,997
—
23,367
Home equity lines of credit
912
119
3,320
4,351
81,006
85,357
3,320
—
Personal
18,297
11,445
17,356
47,098
1,905,627
1,952,725
17,356
—
Auto
99,765
19,552
31,474
150,791
3,615,857
3,766,648
31,474
—
Other
768
796
3,869
5,433
170,173
175,606
3,544
325
Total
$417,159
$176,564
$633,360
$1,227,083
$38,522,779
$39,749,862
$413,437
$219,923
31-Mar-26
Popular, Inc.
Past due
Past due 90 days or more
(In thousands)
30-59 days
60-89 days
90 days or
more
Total past
due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$8,450
$7,927
$10,962
$27,339
$2,399,956
$2,427,295
$10,962
$—
Commercial real estate:
Non-owner occupied
13,405
1,930
33,444
48,779
5,494,672
5,543,451
33,444
—
Owner occupied
23,316
2,274
14,192
39,782
3,172,574
3,212,356
14,192
—
Commercial and industrial
17,452
6,644
196,898
220,994
8,344,565
8,565,559
192,517
4,381
Construction
20,538
—
—
20,538
1,653,655
1,674,193
—
—
Mortgage
243,921
104,370
335,021
683,312
8,029,049
8,712,361
139,067
195,954
Leasing
21,261
3,938
8,892
34,091
1,952,074
1,986,165
8,892
—
Consumer:
Credit cards
12,351
8,721
25,395
46,467
1,167,732
1,214,199
—
25,395
Home equity lines of credit
660
372
2,766
3,798
75,966
79,764
2,766
—
Personal
19,663
11,735
16,881
48,279
1,865,002
1,913,281
16,660
221
Auto
81,112
13,038
35,390
129,540
3,654,364
3,783,904
35,390
—
Other
576
135
4,663
5,374
171,800
177,174
4,227
436
Total
$462,705
$161,084
$684,504
$1,308,293
$37,981,409
$39,289,702
$458,117
$226,387
29
Variance
Past due
Past due 90 days or more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$7,439
$(7,927)
$(2,031)
$(2,519)
$(25,352)
$(27,871)
$(2,031)
$—
$—
Commercial real estate:
Non-owner occupied
(9,055)
1,621
(478)
(7,912)
85,336
77,424
(478)
—
Owner occupied
(20,269)
(836)
10,047
(11,058)
55,404
44,346
10,047
—
Commercial and industrial
(6,717)
(4,502)
(47,214)
(58,433)
266,958
208,525
(47,565)
351
Construction
(20,538)
12,491
—
(8,047)
65,929
57,882
—
—
Mortgage
(14,941)
6,623
(4,049)
(12,367)
80,340
67,973
406
(4,455)
Leasing
1,097
1,611
(1,710)
998
(19,128)
(18,130)
(1,710)
—
Consumer:
Credit cards
(293)
(233)
(2,028)
(2,554)
26,352
23,798
—
—
(2,028)
Home equity lines of credit
252
(253)
554
553
5,040
5,593
554
—
Personal
(1,366)
(290)
475
(1,181)
40,625
39,444
696
(221)
Auto
18,653
6,514
(3,916)
21,251
(38,507)
(17,256)
(3,916)
—
Other
192
661
(794)
59
(1,627)
(1,568)
(683)
(111)
Total
$(45,546)
$15,480
$(51,144)
$(81,210)
$541,370
$460,160
$(44,680)
$(6,464)
30
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table L - Non-Performing Assets
(Unaudited)
Variance
(Dollars in thousands)
30-Jun-26
As a % of
loans HIP
by
category
31-Mar-26
As a % of
loans HIP
by
category
30-Jun-25
As a % of
loans HIP
by
category
Q2 2026
vs. Q1
2026
Q2 2026
vs. Q2
2025
Non-accrual loans:
Commercial
Commercial multi-family
$8,931
0.4%
$10,962
0.5%
$10,925
0.4%
$(2,031)
$(1,994)
Commercial real estate non-owner
occupied
32,966
0.6
33,444
0.6
13,977
0.3
(478)
18,989
Commercial real estate owner occupied
24,239
0.7
14,192
0.4
27,551
0.9
10,047
(3,312)
Commercial and industrial
144,952
1.7
192,517
2.2
11,424
0.1
(47,565)
133,528
Total Commercial
211,088
1.1
251,115
1.3
63,877
0.3
(40,027)
147,211
Mortgage
139,473
1.6
139,067
1.6
175,516
2.1
406
(36,043)
Leasing
7,182
0.4
8,892
0.4
7,976
0.4
(1,710)
(794)
Consumer
Home equity lines of credit
3,320
3.9
2,766
3.5
3,120
4.0
554
200
Personal
17,356
0.9
16,660
0.9
18,593
1.0
696
(1,237)
Auto
31,474
0.8
35,390
0.9
40,595
1.1
(3,916)
(9,121)
Other
3,544
2.0
4,227
2.4
1,948
1.2
(683)
1,596
Total Consumer
55,694
0.8
59,043
0.8
64,256
0.9
(3,349)
(8,562)
Total non-performing loans held-in-
portfolio
413,437
1.0%
458,117
1.2%
311,625
0.8%
(44,680)
101,812
Non-performing loans held-for-sale
83,700
—
—
83,700
83,700
Other real estate owned (“OREO”)
49,557
45,680
46,126
3,877
3,431
Total non-performing assets
546,694
503,797
357,751
42,897
188,943
Accruing loans past due 90 days or more
[1]
219,923
226,387
206,394
(6,464)
13,529
Ratios:
Non-performing assets to total assets
0.69%
0.66%
0.47%
Non-performing loans held-in-portfolio to
loans held-in-portfolio
1.04
1.17
0.82
Allowance for credit losses to loans held-
in-portfolio
1.97
2.10
2.02
Allowance for credit losses to non-
performing loans, excluding loans held-for-
sale
189.83
179.81
246.93
[1] It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or guaranteed by the VA as accruing loans past due 90 days or
more as opposed to non-performing since the principal repayment is insured.  These balances include $40 million of residential mortgage loans insured by FHA
or guaranteed by the VA that are no longer accruing interest as of June 2026 (March 2026 - $43 million ; June 2025 - $52 million). Furthermore, the Corporation
has approximately $25 million  reverse mortgage loans which are guaranteed by FHA, as of June 2026 . Due to the guaranteed nature of the loans, it is the
Corporation’s policy to exclude these balances from non-performing assets (March 2026 - $26 million ;  June 2025 - $29 million ).
31
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table M - Activity in Non-Performing Loans
(Unaudited)
Commercial loans held-in-portfolio:
Quarter ended
Quarter ended
30-Jun-26
31-Mar-26
(In thousands)
BPPR
Popular U.S.
Popular, Inc.
BPPR
Popular U.S.
Popular, Inc.
Beginning balance NPLs
$226,642
$24,473
$251,115
$244,285
$22,154
$266,439
Plus:
New non-performing loans
136,095
16,382
152,477
5,004
3,205
8,209
Advances on existing non-performing loans
—
62
62
—
170
170
Less:
Non-performing loans transferred to OREO
(301)
—
(301)
(650)
—
(650)
Non-performing loans charged-off
(73,035)
(1,571)
(74,606)
(11,661)
(3)
(11,664)
Loans returned to accrual status / loan collections
(25,922)
(8,037)
(33,959)
(10,336)
(1,053)
(11,389)
        Loans transferred to held-for-sale
(83,700)
—
(83,700)
—
—
—
Ending balance NPLs
$179,779
$31,309
$211,088
$226,642
$24,473
$251,115
Mortgage loans held-in-portfolio:
Quarter ended
Quarter ended
30-Jun-26
31-Mar-26
(In thousands)
BPPR
Popular U.S.
Popular, Inc.
BPPR
Popular U.S.
Popular, Inc.
Beginning balance NPLs
$129,367
$9,700
$139,067
$132,373
$13,422
$145,795
Plus:
New non-performing loans
30,664
3,251
33,915
38,457
2,528
40,985
Advances on existing non-performing loans
—
4
4
—
11
11
Less:
Non-performing loans transferred to OREO
(1,985)
—
(1,985)
(2,461)
—
(2,461)
Non-performing loans charged-off
119
(9)
110
(540)
(21)
(561)
Loans returned to accrual status / loan collections
(28,925)
(2,713)
(31,638)
(38,462)
(6,240)
(44,702)
Ending balance NPLs
$129,240
$10,233
$139,473
$129,367
$9,700
$139,067
Total non-performing loans held-in-portfolio (excluding consumer):
Quarter ended
Quarter ended
30-Jun-26
31-Mar-26
(In thousands)
BPPR
Popular U.S.
Popular, Inc.
BPPR
Popular U.S.
Popular, Inc.
Beginning balance NPLs
$356,009
$34,173
$390,182
$376,658
$35,576
$412,234
Plus:
New non-performing loans
166,759
19,633
186,392
43,461
5,733
49,194
Advances on existing non-performing loans
—
66
66
—
181
181
Less:
Non-performing loans transferred to OREO
(2,286)
—
(2,286)
(3,111)
—
(3,111)
Non-performing loans charged-off
(72,916)
(1,580)
(74,496)
(12,201)
(24)
(12,225)
Loans returned to accrual status / loan collections
(54,847)
(10,750)
(65,597)
(48,798)
(7,293)
(56,091)
        Loans transferred to held-for-sale
(83,700)
—
(83,700)
—
—
—
Ending balance NPLs
$309,019
$41,542
$350,561
$356,009
$34,173
$390,182
32
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table N - Allowance for Credit Losses, Net Charge-offs and Related Ratios
(Unaudited)
Quarters ended
(In thousands)
30-Jun-26
31-Mar-26
30-Jun-25
Balance at beginning of period - loans held-in-portfolio
$823,729
$808,056
$762,148
Provision for credit losses
65,154
75,689
49,539
Initial allowance for credit losses - PCD Loans
2
7
—
888,885
883,752
811,687
Net loans charge-off (recovered)- BPPR
Commercial:
Commercial multi-family
—
(2)
(6)
Commercial real estate non-owner occupied
(4,102)
11,115
(451)
Commercial real estate owner occupied
(2,063)
(355)
(1,005)
Commercial and industrial
73,406
731
1,436
Total Commercial
67,241
11,489
(26)
Construction
—
(11)
—
Mortgage
(4,922)
(2,316)
(2,429)
Leasing
1,840
2,569
2,736
Consumer:
Credit cards
14,300
16,053
17,311
Home equity lines of credit
(44)
(91)
(307)
Personal
16,143
17,949
15,776
Auto
5,808
12,826
6,557
Other Consumer
1,322
522
546
Total Consumer
37,529
47,259
39,883
Total net charged-off BPPR
$101,688
$58,990
$40,164
Net loans charge-off (recovered) - Popular U.S.
Commercial:
Commercial multi-family
1,312
—
563
Commercial real estate owner occupied
(139)
(115)
(26)
Commercial and industrial
87
(15)
(205)
Total Commercial
1,260
(130)
332
Construction
—
—
—
Mortgage
(31)
(28)
(32)
Consumer:
Credit cards
1
—
—
—
—
Home equity lines of credit
(106)
(234)
(579)
Personal
1,233
1,422
2,305
Other Consumer
8
3
12
Total Consumer
1,136
1,191
1,738
Total net charged-off Popular U.S.
$2,365
$1,033
$2,038
Total loans net charged-off - Popular, Inc.
$104,053
$60,023
$42,202
Balance at end of period - loans held-in-portfolio
$784,832
$823,729
$769,485
Balance at beginning of period - unfunded commitments
$14,547
$14,438
$14,169
Provision for credit losses (benefit)
389
109
(1,116)
Balance at end of period - unfunded commitments [1]
$14,936
$14,547
$13,053
POPULAR, INC.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio
1.05%
0.61%
0.45%
Provision for credit losses (benefit) - loan portfolios to net charge-offs
62.62%
126.10%
117.39%
BPPR
Annualized net charge-offs (recoveries) to average loans held-in-portfolio
1.46%
0.85%
0.61%
Provision for credit losses (benefit) - loan portfolios to net charge-offs
60.71%
124.25%
107.43%
Popular U.S.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio
0.08%
0.04%
0.07%
Provision for credit losses (benefit) - loan portfolios to net charge-offs
144.44%
231.46%
313.49%
[1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.
33
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table O - Allowance for Credit Losses “ACL”- Loan Portfolios - BPPR Operations
(Unaudited)
30-Jun-26
BPPR
(Dollars in thousands)
Total ACL
Total loans held-in-
portfolio
ACL to loans held-
in-portfolio
Commercial:
          Commercial multi-family
$4,069
$345,959
1.18%
Commercial real estate - non-owner occupied
40,179
3,321,095
1.21%
Commercial real estate - owner occupied
35,549
1,156,681
3.07%
Commercial and industrial
166,787
6,163,068
2.71%
Total commercial
$246,584
$10,986,803
2.24%
Construction
4,803
425,850
1.13%
Mortgage
70,498
7,529,550
0.94%
Leasing
17,627
1,968,035
0.90%
Consumer:
Credit cards
84,817
1,238,010
6.85%
Home equity lines of credit
52
1,852
2.81%
Personal
96,014
1,896,019
5.06%
Auto
164,543
3,766,648
4.37%
Other
7,349
164,069
4.48%
Total consumer
$352,775
$7,066,598
4.99%
Total
$692,287
$27,976,836
2.47%
31-Mar-26
BPPR
(Dollars in thousands)
Total ACL
Total loans held-in-
portfolio
ACL to loans held-
in-portfolio
Commercial:
          Commercial multi-family 
$4,704
$343,091
1.37%
Commercial real estate - non-owner occupied
48,881
3,392,191
1.44%
Commercial real estate - owner occupied
35,403
1,148,211
3.08%
Commercial and industrial
179,980
5,940,265
3.03%
Total commercial
$268,968
$10,823,758
2.48%
Construction
5,767
412,779
1.40%
Mortgage
73,761
7,435,745
0.99%
Leasing
18,588
1,986,165
0.94%
Consumer:
Credit cards
89,376
1,214,192
7.36%
Home equity lines of credit
67
1,898
3.53%
Personal
97,457
1,851,064
5.26%
Auto
170,544
3,783,904
4.51%
Other
7,707
167,408
4.60%
Total consumer
$365,151
$7,018,466
5.20%
Total
$732,235
$27,676,913
2.65%
34
Variance
(Dollars in thousands)
Total ACL
Total loans held-in-
portfolio
ACL to loans held-
in-portfolio
Commercial:
Commercial multi-family
$(635)
$2,868
(0.19%)
Commercial real estate - non-owner occupied
(8,702)
(71,096)
(0.23%)
Commercial real estate - owner occupied
146
8,470
(0.01%)
Commercial and industrial
(13,193)
222,803
(0.32)%
Total commercial
$(22,384)
$163,045
(0.24)%
Construction
(964)
13,071
(0.27%)
Mortgage
(3,263)
93,805
(0.05)%
Leasing
(961)
(18,130)
(0.04)%
Consumer:
Credit cards
(4,559)
23,818
(0.51)%
Home equity lines of credit
(15)
(46)
(0.72%)
Personal
(1,443)
44,955
(0.20%)
Auto
(6,001)
(17,256)
(0.14%)
Other
(358)
(3,339)
(0.12%)
Total consumer
$(12,376)
$48,132
(0.21%)
Total
$(39,948)
$299,923
(0.18)%
35
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table P - Allowance for Credit Losses “ACL”- Loan Portfolios - POPULAR U.S. Operations
(Unaudited)
30-Jun-26
Popular U.S.
(Dollars in thousands)
Total ACL
Total loans held-in-
portfolio
ACL to loans held-
in-portfolio
Commercial:
Commercial multi-family
$14,850
$2,053,465
0.72%
Commercial real estate - non-owner occupied
15,631
2,299,780
0.68%
Commercial real estate - owner occupied
17,090
2,100,021
0.81%
Commercial and industrial
18,609
2,611,016
0.71%
Total commercial
$66,180
$9,064,282
0.73%
Construction
9,557
1,306,225
0.73%
Mortgage
9,024
1,250,784
0.72%
Consumer:
Credit cards
—
(13)
-%
Home equity lines of credit
1,371
83,505
1.64%
Personal
6,408
56,706
11.30%
Other
5
11,537
0.04%
Total consumer
$7,784
$151,735
5.13%
Total
$92,545
$11,773,026
0.79%
31-Mar-26
Popular U.S.
(Dollars in thousands)
Total ACL
Total loans held-in-
portfolio
ACL to loans held-
in-portfolio
Commercial:
Commercial multi-family
$15,365
$2,084,204
0.74%
Commercial real estate - non-owner occupied
15,265
2,151,260
0.71%
Commercial real estate - owner occupied
15,713
2,064,145
0.76%
Commercial and industrial
17,496
2,625,294
0.67%
Total commercial
$63,839
$8,924,903
0.72%
Construction
9,393
1,261,414
0.74%
Mortgage
9,863
1,276,616
0.77%
Consumer:
Credit cards
—
7
—%
Home equity lines of credit
1,111
77,866
1.43%
Personal
7,282
62,217
11.70%
Other
6
9,766
0.06%
Total consumer
$8,399
$149,856
5.60%
Total
$91,494
$11,612,789
0.79%
36
Variance
(Dollars in thousands)
Total ACL
Total loans held-in-
portfolio
ACL to loans held-
in-portfolio
Commercial:
Commercial multi-family
$(515)
$(30,739)
(0.01%)
Commercial real estate - non-owner occupied
366
148,520
(0.03%)
Commercial real estate - owner occupied
1,377
35,876
0.05%
Commercial and industrial
1,113
(14,278)
0.05%
Total commercial
$2,341
$139,379
0.01%
Construction
164
44,811
(0.01%)
Mortgage
(839)
(25,832)
(0.05%)
Consumer:
Credit cards
—
(20)
—%
Home equity lines of credit
260
5,639
0.22%
Personal
(874)
(5,511)
(0.40%)
Other
(1)
1,771
(0.02%)
Total consumer
$(615)
$1,879
(0.47)%
Total
$1,051
$160,237
—%
37
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table Q - Allowance for Credit Losses “ACL”- Loan Portfolios - Consolidated
(Unaudited)
30-Jun-26
Pop Inc.
(Dollars in thousands)
Total ACL
Total loans held-in-
portfolio
ACL to loans held-
in-portfolio
Commercial:
Commercial multi-family
$18,919
$2,399,424
0.79%
Commercial real estate - non-owner occupied
55,810
5,620,875
0.99%
Commercial real estate - owner occupied
52,639
3,256,702
1.62%
Commercial and industrial
185,396
8,774,084
2.11%
Total commercial
$312,764
$20,051,085
1.56%
Construction
14,360
1,732,075
0.83%
Mortgage
79,522
8,780,334
0.91%
Leasing
17,627
1,968,035
0.90%
Consumer:
Credit cards
84,817
1,237,997
6.85%
Home equity lines of credit
1,423
85,357
1.67%
Personal
102,422
1,952,725
5.25%
Auto
164,543
3,766,648
4.37%
Other
7,354
175,606
4.19%
Total consumer
$360,559
$7,218,333
5.00%
Total
$784,832
$39,749,862
1.97%
31-Mar-26
Pop Inc.
(Dollars in thousands)
Total ACL
Total loans held-in-
portfolio
ACL to loans held-
in-portfolio
Commercial:
Commercial multi-family
$20,069
$2,427,295
0.83%
Commercial real estate - non-owner occupied
64,146
5,543,451
1.16%
Commercial real estate - owner occupied
51,116
3,212,356
1.59%
Commercial and industrial
197,476
8,565,559
2.31%
Total commercial
$332,807
$19,748,661
1.69%
Construction
15,160
1,674,193
0.91%
Mortgage
83,624
8,712,361
0.96%
Leasing
18,588
1,986,165
0.94%
Consumer:
Credit cards
89,376
1,214,199
7.36%
Home equity lines of credit
1,178
79,764
1.48%
Personal
104,739
1,913,281
5.47%
Auto
170,544
3,783,904
4.51%
Other
7,713
177,174
4.35%
Total consumer
$373,550
$7,168,322
5.21%
Total
$823,729
$39,289,702
2.10%
38
Variance
(Dollars in thousands)
Total ACL
Total loans held-in-
portfolio
ACL to loans held-
in-portfolio
Commercial:
Commercial multi-family
$(1,150)
$(27,871)
(0.04%)
Commercial real estate - non-owner occupied
(8,336)
77,424
(0.16%)
Commercial real estate - owner occupied
1,523
44,346
0.03%
Commercial and industrial
(12,080)
208,525
(0.19)%
Total commercial
$(20,043)
$302,424
(0.13)%
Construction
(800)
57,882
(0.08%)
Mortgage
(4,102)
67,973
(0.05)%
Leasing
(961)
(18,130)
(0.04)%
Consumer:
Credit cards
(4,559)
23,798
(0.51)%
Home equity lines of credit
245
5,593
0.19%
Personal
(2,317)
39,444
(0.23%)
Auto
(6,001)
(17,256)
(0.14%)
Other
(359)
(1,568)
(0.17%)
Total consumer
$(12,991)
$50,011
(0.22%)
Total
$(38,897)
$460,160
(0.12)%
39
Popular, Inc.
Financial Supplement to Second Quarter 2026 Earnings Release
Table R - Reconciliation to GAAP Financial Measures
(Unaudited)
Quarters ended
(In thousands, except share or per share information)
30-Jun-26
31-Mar-26
30-Jun-25
Total stockholders’ equity
$6,433,005
$6,311,086
$5,954,018
Less: Preferred stock
(22,143)
(22,143)
(22,143)
Less: Goodwill
(789,954)
(789,954)
(802,954)
Less: Other intangibles
(4,308)
(4,692)
(5,844)
Total tangible common equity
$5,616,600
$5,494,297
$5,123,077
Total assets
$78,972,300
$76,131,018
$76,065,090
Less: Goodwill
(789,954)
(789,954)
(802,954)
Less: Other intangibles
(4,308)
(4,692)
(5,844)
Total tangible assets
$78,178,038
$75,336,372
$75,256,292
Tangible common equity to tangible assets
7.18%
7.29%
6.81%
Common shares outstanding at end of period
63,866,681
64,654,788
67,937,468
Tangible book value per common share
$87.94
$84.98
$75.41
Quarterly average
30-Jun-26
31-Mar-26
30-Jun-25
Total stockholders’ equity
$6,354,694
$6,289,337
$6,755,783
[1]
Less: Preferred Stock
(22,143)
(22,143)
(22,143)
Less: Goodwill
(789,954)
(789,954)
(802,953)
Less: Other intangibles
(4,559)
(4,944)
(6,096)
Total tangible common equity before adjusting for the impact of unrealized (gains) losses on
AFS securities including those transferred to HTM
$5,538,038
$5,472,296
$5,924,591
Return on average tangible common equity before adjusting for the impact of unrealized
(gains) losses on AFS securities including those transferred to HTM
20.12%
18.18%
14.38%
Add: Average unrealized (gains) losses on AFS securities
824,631
743,809
94,006
Add: Average unrealized (gains) losses on AFS securities transferred to HTM
184,136
221,114
334,183
Total tangible common equity after adding back of impact of unrealized (gains) losses on
AFS securities, including those transferred to HTM
$6,546,805
$6,437,219
$6,352,780
ROTCE
17.02%
15.46%
13.26%
        [1]  Average balances exclude certain unrealized gains or losses on debt securities available-for-sale.
40
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 Second 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 quarter ended March 31, 2026, and our Form 10-Q for the quarter ended June 30, 2026, to be filed with the Securities and Exchange Commission. Our filings are available on 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 sustainable, profitable growth and sustainable long-term value to our shareholders 3

 

4 Q2 2026 Highlights See Slide 15 for footnotes Differences due to rounding Income Statement Q2 2026 Q1 2026 Change Q2 2025 Highlights: Net Income 278$ 246$ 32$ 210$ Net Interest Margin (NIM) 3.66% 3.66% - 3.49% Net Interest Margin FTE1 4.17% 4.14% 3 bps 3.85% Total Deposit Costs 1.57% 1.56% 1 bps 1.78% EPS 4.35$ 3.78$ 0.57$ 3.09$ Financial Ratios ROA 1.41% 1.29% 12 bps 1.11% ROTCE2 17.02% 15.46% 156 bps 13.26% Ending Balances Loans Held-in-Portfolio 39,750$ 39,290$ 460$ 38,185$ Total Assets 78,972 76,131 2,841 76,065 Total Deposits 70,233 67,611 2,622 67,217 Borrowings 1,463 1,120 343 1,414 Credit Quality Capital Actions: Non-Performing Loans (NPLs) 413$ 458$ (45)$ 312$ NPL Ratio 1.04% 1.17% -13 bps 0.82% NCO Ratio 1.05% 0.61% 44 bps 0.45% ACL-NPL Ratio 190% 180% 10% 247% Capital Common Equity Tier 1 16.08% 15.92% 16 bps 15.91% Tangible Book Value Per Share 87.94$ 84.98$ $ 2.96 75.41$ Capital Returned to Shareholders3 174 204 (30) 160 Financial Highlights Quarter Highlights ($ in millions, except per share information) • ROTCE of 17.02% vs. 15.46% in Q1 • Net interest income increased $23 million to $693 million driven by higher income from U.S. Treasury securities • NIM 3.66% unchanged; FTE NIM expanded 3 bps to 4.17% • Loans held-in-portfolio increased $460 million driven by commercial, construction and mortgage loans • Total deposits increased $2.6 billion or 3.9%; excluding P.R. public deposits, customer deposits decreased $414 million or 1% • NPLs decreased $45 million to $413 million, driven by the transfer of a $155 million NPL to loans held-for-sale ("LHFS"); NPL ratio at 1.04% vs. 1.17% in Q1 • NCO Ratio of 1.05% vs. 0.61% in Q1; excluding the $71 million charge-off related to the NPL transferred to LHFS, NCO Ratio of 0.33% • Tangible book value per share increased $2.96 or 3.5% to $87.94 • Repurchased $125 million in common stock at an average price of $150.36 during the quarter and paid quarterly common stock dividend of $0.75 per share • Capital returned to shareholders YTD of $378 million, including $280 million in common stock repurchases YTD at an average price of $141.04 per share • We announced the following capital actions: ‐ an increase in our quarterly common stock dividend of 20% from $0.75 to $0.90, effective in Q4 2026, subject to Board approval ‐ a new common stock repurchase authorization of up to $1 billion

 

5 Q2 2026 Business Highlights Differences due to rounding ($ in millions) Q2 2026 Q1 2026 Change Q2 2025 ($ in millions) Q2 2026 Q1 2026 Change Q2 2025 Net Income 233$ 204$ 29$ 185$ Net Income 37$ 37$ - 23$ Net Interest Margin 3.85% 3.85% - 3.68% Net Interest Margin 3.17% 3.15% 2 bps 2.93% Loans Held-in-Portfolio 27,976 27,676 300 26,774 Loans Held-in-Portfolio 11,773 11,613 160 11,380 P.R. Public Deposits 22,705 19,669 3,036 20,918 Total Deposits 11,931 12,231 (300) 11,946 Total Deposits 58,670 55,887 2,783 55,882 Total Deposit Costs 2.73% 2.69% 4 bps 2.95% Total Deposit Costs 1.32% 1.31% 1 bps 1.52% Borrowings 810 467 343 754 Borrowings 57 57 - 67 Highlights: Highlights: BPPR Popular U.S. • Loans held-in-portfolio increased $300 million: ‐ commercial and construction loans increased $176 million ‐ mortgage loans increased $93 million ‐ personal loans increased $45 million ‐ credit cards increased $24 million ‐ auto loans and leases decreased $35 million • NIM unchanged at 3.85%: ‐ investment securities yields increased 11 bps to 2.79% ‐ loan yields increased 1 bp to 7.71% ‐ total deposit costs increased 1 bp to 1.32% ‐ P.R. public deposit costs decreased 5 bps to 2.61% ‐ excluding P.R. public deposits, total deposit costs increased 2 bps • Loans held-in-portfolio increased $160 million: ‐ commercial and construction loans increased $184 million ‐ mortgage loans decreased $26 million; mortgage loan originations in Popular U.S. were discontinued at the end of Q3 2025 • NIM increased 2 bps to 3.17%: ‐ loan yields increased 2 bps to 6.10% ‐ total deposit costs increased 4 bps to 2.73% • Borrowings increased $343 million due to higher short-term FHLB advances

 

6 Financial Summary ($ in thousands, except EPS) Q2 2026 Q1 2026 Variance Net interest income 693,419$ 670,180$ 23,239$ Provision for credit losses 65,873 75,886 (10,013) Net interest income after provision for credit losses 627,546$ 594,294$ 33,252$ Banking fees 117,494 111,636 5,858 Asset management and insurance fees 30,335 30,051 284 Mortgage banking activities 6,267 4,213 2,054 Other operating income 26,449 19,726 6,723 Total non-interest income 180,545$ 165,626$ 14,919$ Total personnel costs 229,031 216,069 12,962 Technology and software expenses 90,971 89,139 1,832 Professional fees 24,484 25,553 (1,069) Business promotions 27,900 22,860 5,040 Transactional services 37,266 39,087 (1,821) Net occupancy 27,764 27,299 465 Other operating expenses 46,714 47,303 (589) Total operating expenses 484,130$ 467,310$ 16,820$ Income before income tax 323,961 292,610 31,351 Income tax expense 45,747 46,936 (1,189) Net income 278,214$ 245,674$ 32,540$ EPS 4.35$ 3.78$ 0.57$ ROTCE 17.02% 15.46% 156 bps Quarterly Results (unaudited) Differences due to rounding

 

7 Net Interest Income and NIM Dynamics Quarter Highlights: • Net interest income increased $23 million to $693 million • Net interest margin unchanged at 3.66% • Net interest margin (FTE) expanded 3 bps to 4.17% ‐ Money market and investment securities yields (FTE) increased 15 bps to 3.69% • Money market and investment securities increased $2.2 billion to $35.8 billion, representing 47% of earning assets • Total deposits increased $2.6 billion. Average total deposits increased $1.9 billion. Excluding P.R. public deposits, average customer deposits increased $807 million $632 $647 $658 $670 $693 3.85% 3.90% 4.03% 4.14% 4.17% 5.57% 5.63% 5.65% 5.66% 5.70% 1.72% 1.73% 1.62% 1.52% 1.53% - 0.01 0.02 0.03 0.04 0.05 0.06 0.07 - 100 200 300 400 500 600 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net Interest Income and NIM ($ in millions) Net interest income NIM (FTE) Earning assets yields (FTE) Cost of funds $34.6 $33.1 $32.8 $33.6 $35.8 $38.2 $38.7 $39.3 $39.3 $39.8 $72.8 $71.8 $72.1 $72.9 $75.7 7.50% 7.49% 7.51% 7.53% 7.53% 3.50% 3.59% 3.51% 3.54% 3.69% 0 0.0 2 0.0 4 0.0 6 0.0 8 0.1 0.1 2 0.1 4 - 10.0 0 20.0 0 30.0 0 40.0 0 50.0 0 60.0 0 70.0 0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Earning Assets (ending balances, $ in billions) Loan balances Money market and investment securities Loan yields (FTE) Money market and investment securities yields (FTE) $46.3 $46.4 $46.8 $47.9 $47.5 $20.9 $20.1 $19.4 $19.7 $22.7 $68.6 $67.8 $67.6 $68.7 $71.7 3.22% 3.19% 2.97% 2.66% 2.61% 1.15% 1.17% 1.14% 1.09% 1.10% - 0.01 00 0.02 00 0.03 00 0.04 00 0.05 00 0.06 00 - 10.0 0 20.0 0 30.0 0 40.0 0 50.0 0 60.0 0 70.0 0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Sources of Funds (ending balances, $ in billions) Deposits, excl P.R. public deposits P.R. public deposits Borrowings P.R. public deposit costs Deposit Costs, excl P.R. public deposit costs Differences due to rounding

 

8 Non-Interest Income Quarter Highlights: • Non-interest income increased $15 million to $181 million • Non-interest income increased 7% YoY ‐ Debit card fees increased $2 million or 5% when compared to Q1 driven by higher number of transactions ‐ Credit card fees increased $3 million or 9% driven by higher purchase volumes ‐ Other operating income increased $7 million or 34% when compared to Q1 driven by higher income on equity method investments Differences due to rounding ($ in millions) Q2 2026 Q1 2026 Variance Q2 2025 Q1 2026 Q2 2025 Service charges on deposits $ 39.0 $ 38.8 $ 0.3 $ 38.8 1% 1% Debit card fees 31.5 30.0 1.5 27.9 5% 13% Credit card fees 34.8 32.0 2.8 32.5 9% 7% Other fees 12.1 10.9 1.3 11.7 12% 4% Banking fees $ 117.5 $ 111.6 $ 5.9 $ 111.0 5% 6% Insurance fees 12.6 12.5 0.1 12.7 - (1%) Brokerage and asset management fees 10.0 10.2 (0.2) 9.1 (2%) 10% Trust fees 7.8 7.3 0.4 6.6 6% 17% Asset management and insurance fees $ 30.3 $ 30.1 $ 0.3 $ 28.4 1% 7% Mortgage banking activities 6.3 4.2 2.1 4.9 49% 29% Other operating income 26.4 19.7 6.7 24.2 34% 9% Non-interest income $ 180.5 $ 165.6 $ 14.9 $ 168.5 9% 7% Change vs. $168 $171 $166 $166 $181 - 20.0 0 40.0 0 60.0 0 80.0 0 100 .00 120 .00 140 .00 160 .00 180 .00 200 .00 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Non-Interest Income ($ in millions) Asset management and insurance fees Other operating income Mortgage banking activities

 

9 Operating Expenses Quarter Highlights: • Operating expenses increased $17 million to $484 million: ‐ Personnel costs increased $13 million driven by a $10 million accrual related to our profit-sharing plan and an increase of $5 million driven by performance- based incentives ‐ Business promotion expense increased $5 million, driven by higher credit card loyalty programs and the benefit of the expiration of unclaimed rewards points in Q1 $493 $495 $473 $467 $484 - 100 .00 200 .00 300 .00 400 .00 500 .00 - 100 .00 200 .00 300 .00 400 .00 500 .00 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Operating Expenses ($ in millions) Personnel costs Technology and professional fees Net occupancy and other expenses Business promotion and transactional services ($ in millions) Q2 2026 Q1 2026 Variance Q2 2025 Q1 2026 Q2 2025 Salaries $ 134.4 $ 134.8 $ (0.4) $ 132.8 - 1% Commissions and incentives 39.9 34.9 5.0 40.6 14% (2%) Profit Sharing 10.0 (1.2) 11.2 13.0 NM1 (23%) Pension, postretirement and other 44.7 47.6 (2.9) 43.1 (6%) 4% Total personnel costs $ 229.0 $ 216.1 $ 13.0 $ 229.4 6% - Technology and software 91.0 89.1 1.8 84.7 2% 7% Professional fees 24.5 25.6 (1.1) 28.1 (4%) (13%) Business promotion 27.9 22.9 5.0 26.4 22% 6% Transactional services 37.3 39.1 (1.8) 37.9 (5%) (2%) Net occupancy 27.8 27.3 0.5 29.1 2% (5%) Other operating expenses 46.7 47.3 (0.6) 57.2 (1%) (18%) Operating expenses $ 484.1 $ 467.3 $ 16.8 $ 492.7 4% (2%) Change vs. See Slide 15 for footnotes Differences due to rounding

 

10 Capital Quarter Highlights: • Repurchased $125 million in common stock at an average price of $150.36 in the quarter and paid quarterly common stock dividend of $0.75 per share • Since resuming common stock repurchases in 2024, we have repurchased $1 billion in common stock, including $280 million in common stock repurchases YTD at an average price of $141.04 per share • We announced the following capital actions: ‐ an increase in the Corporation’s quarterly common stock dividend of 20% from $0.75 to $0.90 per share, commencing with the dividend payable in the fourth quarter of 2026, subject to the approval of the Corporation’s Board of Directors; and ‐ a new common stock repurchase authorization of up to $1 billion 16.30% 5.06% (2.56%) (1.48%) 16.08% (1.24%) Q4-23 Net income Dividends Repurchases RWA and other Q2-26 Common Equity Tier 1 15.91 15.96 17.70 8.51 6.81 15.92 15.98 17.71 8.60 7.29 16.08 16.13 17.85 8.57 7.19 0.0 0 2.0 0 4.0 0 6.0 0 8.0 0 10. 00 12. 00 14. 00 16. 00 18. 00 20. 00 Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Popular, Inc. (numbers in percentage) Q2 2025 Q1 2026 Q2 2026 15.97 15.97 17.24 7.43 5.22 15.75 15.75 17.01 7.39 5.62 16.40 16.40 17.66 7.53 5.73 0 2 4 6 8 10 12 14 16 18 20 Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE BPPR (numbers in percentage) Q2 2025 Q1 2026 Q2 2026 Differences due to rounding

 

$67 $60 $61 $45 $41 $247 $59 $49 $186 0 100 200 300 400 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 NPL Inflows ($ in millions) Popular U.S. BPPR Total 11 Non-Performing Assets Quarter Highlights: • NPLs and NPAs in BPPR during the quarter were impacted by the resolution of a $155 million commercial non-performing relationship: ‐ resulted in a $71 million charge-off; and ‐ the transfer of the remaining $84 million to LHFS. The loan was subsequently sold on July 2, 2026 • Commercial NPL inflows in BPPR increased due to two loans totaling $129 million, each with borrower-specific issues that are not indicative of broader credit deterioration $342 $361 $351 $314 $312 $502 $498 $458 $413 0.96% 1.00% 0.95% 0.85% 0.82% 1.30% 1.27% 1.17% 1.04% 0 0.005 0.01 0.015 0.02 0.025 0.03 0.035 0.04 0 100 200 300 400 500 600 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Non-Performing Loans ($ in millions) Commercial and Construction Mortgage Other NPLs/Loans Differences due to rounding $412 $424 $408 $366 $358 $545 $541 $504 $547 0.57% 0.60% 0.56% 0.50% 0.47% 0.73% 0.72% 0.66% 0.69% 0.000000000 0.005000000 0.010000000 0.015000000 0.020000000 0.025000000 0.030000000 0.035000000 0.040000000 0 100 200 300 400 500 600 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Non-Performing Assets ($ in millions) NPLs NPL HFS OREO NPAs/Total Assets

 

12 NCOs and Allowance for Credit Losses Quarter Highlights: • NCOs increased $44 million, driven by a $71 million charge-off associated with the sale of a $155 million non-performing loan, partially offset by lower consumer NCOs, mainly related to the auto portfolio. NCO Ratio increased 44 bps to 1.05%; excluding the $71 million charge-off, NCO Ratio of 0.33% • ACL decreased $39 million to $785 million, mainly driven by lower reserves for commercial loans and consumer loans. ACL-to-Loans Ratio at 1.97% vs. 2.10% in Q1 Allowance for Credit Losses ($ in millions) Balance Reserve Build Balance Reserve Build Balance ACL/Loan Q2 2025 (Release) Q1 2026 (Release) Q2 2026 Q2 2026 Commercial 277$ 71$ 348$ (21)$ 327$ 1.50% Mortgage 85 (2) 84 (4) 80 0.91% Leases 20 (1) 19 (1) 18 0.90% Consumer: 387 (14) 374 (13) 361 5.00% Credit Cards 92 (3) 89 (5) 85 6.85% Personal Loans 105 1 106 (2) 104 5.10% Auto 182 (12) 171 (6) 165 4.36% Other 8 (0) 8 (0) 7 4.39% Total ACL 769$ 54$ 824$ (39)$ 785$ 1.97% Portfolios $54 $59 $67 $49 $42 $58 $50 $60 $104 0.61% 0.65% 0.74% 0.53% 0.45% 0.60% 0.51% 0.61% 1.05% -1.00% 0.0 0% 1.0 0% 2.0 0% 3.0 0% 4.0 0% (3 0) (1 0) 10 30 50 70 90 110 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 NCOs and NCO-to-Loans Ratio ($ in millions) Commercial and Construction Mortgage Leases Consumer NCO% $49 $58 $63 $51 $42 $44 $46 $48 $39 2.80% 3.26% 3.56% 2.85% 2.33% 2.46% 2.56% 2.69% 2.15% 0.0 0% 1.0 0% 2.0 0% 3.0 0% 4.0 0% 5.0 0% (20) (10) - 10 20 30 40 50 60 70 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Consumer NCOs by Loan Portfolio ($ in millions) Credit Card Personal Auto Other NCO% $824 $(104) $46 $14 $5 $785 Q1 2026 ACL NCOs Commercial Changes Consumer Changes Economic Scenarios and … Q2 2026 ACL 650 670 690 710 730 750 770 790 810 830 ACL Movement ($ in millions) Q1 2026 ACL NCOs Economic scenario and qualitative Commercial portfolio Retail Loan portfolios Q2 26 ACL

 

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 • Continued to advance our three strategic objectives. A growing number of initiatives are gaining traction simultaneously, and the pace of execution is accelerating. Recent examples include: ‐ Enhancing physical and digital channels to deliver a seamless customer experience through the ongoing modernization of our branch network, and investments in technology, digital capabilities, and self-service solutions ‐ Strengthening retail customer engagement through innovative digital solutions such as personalized credit management tools and an integrated marketplace within our digital banking platform that connects our retail and business customers ‐ Expanding commercial capabilities and broadening reach, including a modernized cash management platform, enhanced corporate credit card solutions and targeted programs for key professional sectors Capital Actions • Repurchased $125 million in common stock at an average price of $150.36 in the quarter and paid quarterly common stock dividend of $0.75 per share • Capital returned to shareholders YTD of $378 million, including $280 million in common stock repurchases YTD at an average price of $141.04 per share • We announced an increase in our quarterly common stock dividend of 20% from $0.75 to $0.90 effective in Q4 2026, subject to the Board approval, and a new common stock repurchase authorization of up to $1 billion Corporate Sustainability • Our sustainability strategy is guided by three pillars: Provide Opportunity, Protect the Environment, and Promote Trust. More details on our strategy are included in our 2025 Corporate Sustainability Report published this June • We continue creating social and economic value in our communities through targeted investments and partnerships. ‐ In 2025, we deployed over $1.1 billion to support small businesses and entrepreneurs and launched Mi Crédito to strengthen customers’ financial well-being

 

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

 

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 Q2 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 Slide 9: 1- NM = Not meaningful. Percentage change is omitted when the prior-period base is negative or immaterial.

 

Investor Presentation Second Quarter 2026 Appendix

 

17 Corporate Structure Summary Corporate Structure Banco Popular de Puerto Rico Popular Securities LLC Popular’s Insurance Subsidiaries Popular North America, Inc. Popular Bank Holding Co. (including equity investments) Earnings 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 $79 billion (among top 50 BHCs in the U.S.) Loans $40 billion Deposits $70 billion Banking branches 151 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 June 30, 2026) $10.5 billion Assets = $79 billion Assets = $64 billion Assets = $15 billion Puerto Rico Operations United States Operations Earnings

 

18 Q2 2026 vs. Q1 2026 Business Segments Financial Results (Unaudited) ($ in millions) Q2 2026 Q1 2026 Variance Q2 2026 Q1 2026 Variance Net interest income 590$ 568$ 22$ 113$ 112$ 1$ Provision for credit losses 63 74 (11) 3 3 - Net interest income after provision for credit losses 527 494 33 110 109 1 Non-interest income 156 145 11 7 8 (1) Operating expenses 418$ 402$ 16$ 67$ 65$ 2$ Income before income tax 265 237 28 50 52 (2) Income tax expense 32 33 (1) 14 15 (1) Net income 233$ 204$ 29$ 36$ 37$ (1)$ Balance Sheet Highlights (Unaudited) ($ in millions) Q2 2026 Q1 2026 Variance Q2 2026 Q1 2026 Variance Total assets 63,517$ 60,786$ 2,731$ 15,033$ 14,953$ 80$ Total loans held-in-portfolio (HIP) 27,976 27,676 300 11,773 11,613 160 Total deposits 58,670 55,887 2,783 11,931 12,231 (300) Asset Quality Q2 2026 Q1 2026 Variance Q2 2026 Q1 2026 Variance Non-performing loans HIP / Total loans HIP 1.32% 1.52% -20 bps 0.39% 0.33% 6 bps Non-performing assets / Total assets 0.66% 0.77% -11 bps 0.31% 0.26% 5 bps Allowance for credit losses / Total loans HIP 2.47% 2.65% -18 bps 0.79% 0.79% - BPPR Popular U.S. BPPR Popular U.S. BPPR Popular U.S.

 

19 Loan Composition and Yields Highlights: • Loans held-in-portfolio increased by $460 million driven by growth across most portfolios in BPPR and commercial loans in PB • Average loan yields (FTE) unchanged at 7.53% (ending balances, $ in millions) Q2 2026 Q1 2026 Variance Q2 2026 Yields (FTE) Commercial $ 20,051 $ 19,749 $ 302 $ 19,932 6.73% Construction 1,732 1,674 58 1,764 7.90% Mortgage 8,780 8,712 68 8,732 6.15% Auto loans and leases 5,744 5,779 (35) 5,837 8.69% Consumer 3,442 3,376 67 3,310 13.74% Total Loans $ 39,750 $ 39,290 $ 460 $ 39,575 7.53% Loans Held-in-Portfolio Average $15.7 $17.7 $18.7 $19.8 $19.7 $20.1 $0.8 $1.0 $1.3 $1.7 $1.7 $1.7 $5.1 $5.4 $5.8 $5.8 $5.8 $5.7 $7.4 $7.7 $8.1 $8.6 $8.7 $8.8 $3.1 $3.3 $3.3 $3.4 $3.4 $3.4 $32.1 $35.1 $37.1 $39.3 $39.3 $39.7 - 5.00 10.0 0 15.0 0 20.0 0 25.0 0 30.0 0 35.0 0 40.0 0 45.0 0 2022 2023 2024 2025 Q1 2026 Q2 2026 Loan Composition (ending balances, $ in billions) Commercial Construction Auto loans and Leases Mortgage Consumer

 

20 Funding Profile and Deposit Composition Highlights: • Deposits at $70.2 billion in Q2, with P.R. public deposits at $22.7 billion, representing 32% of total deposits • Total deposit costs, excluding P.R. public deposits, demonstrate the stability of core deposits, low cost and low betas • Total cost of deposits increased 1 bps to 1.57% in Q2 • Borrowings at $1.5 billion, composed of long-term notes and short term FHLB advances in PB • Deposits represent 98% of funding sources $15.1 $8.9 $14.5 $9.0 $22.7 $1.5 Funding Sources (ending balances, $ in billions) Non-interest bearing NOW & money market Savings Time deposits P.R. public deposits Borrowings $71.7 0.39% 1.68% 2.07% 1.78% 1.79% 1.68% 1.56% 1.57% 0.29% 0.91% 1.23% 1.15% 1.17% 1.14% 1.09% 1.10% 0.67% 3.69% 4.06% 3.22% 3.19% 2.97% 2.66% 2.61% 0.00000000 0.00500000 0.01000000 0.01500000 0.02000000 0.02500000 0.03000000 0.03500000 0.04000000 0.04500000 2022 2023 2024 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Deposit Costs Trends Total deposit costs Total deposit costs excl P.R. public deposit costs P.R. public deposit costs $16.0 $15.4 $15.1 $15.3 $15.8 $15.1 $8.5 $7.7 $7.7 $8.4 $8.7 $8.9 $14.7 $14.6 $14.2 $14.4 $14.6 $14.5 $6.8 $7.9 $8.4 $8.7 $8.9 $9.0 $15.2 $18.1 $19.5 $19.4 $19.7 $22.7 $61.2 $63.6 $64.9 $66.2 $67.6 $70.2 - 10.0 0 20.0 0 30.0 0 40.0 0 50.0 0 60.0 0 70.0 0 80.0 0 2022 2023 2024 2025 Q1 2026 Q2 2026 Deposit Composition (ending balances, $ in billions) Non-interest bearing NOW and Money market Savings Time deposits P.R. public deposits

 

21 Deposit Beta • BPPR's retail and commercial accounts are low beta products and will react more slowly to changes in short-term interest rates • High beta P.R. public deposits represent 32% of the total deposits • 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 have led to lower declining rate beta during the current cycle Deposits by Type Retail Int Bearing Deposits Deposit Mix (by Type) Deposit Mix Retail Commercial Public Wholesale Non Int Bearing 7% 14% 0% 0% Int Bearing 30% 10% 34% 5% Commercial Int Bearing Deposits Public Int Bearing Deposits 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Ju n -1 7 D ec -1 7 Ju n -1 8 D ec -1 8 Ju n -1 9 D ec -1 9 Ju n -2 0 D ec -2 0 Ju n -2 1 D ec -2 1 Ju n -2 2 D ec -2 2 Ju n -2 3 D ec -2 3 Ju n -2 4 D ec -2 4 Ju n -2 5 D ec -2 5 Ju n -2 6 Retail - Int Bearing Fed Funds Target 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Ju n -1 7 D e c- 1 7 Ju n -1 8 D e c- 1 8 Ju n -1 9 D e c- 1 9 Ju n -2 0 D e c- 2 0 Ju n -2 1 D e c- 2 1 Ju n -2 2 D e c- 2 2 Ju n -2 3 D ec -2 3 Ju n -2 4 D e c- 2 4 Ju n -2 5 D e c- 2 5 Ju n -2 6 Public - Int Bearing Fed Funds Target 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Ju n -1 7 D ec -1 7 Ju n -1 8 D ec -1 8 Ju n -1 9 D ec -1 9 Ju n -2 0 D ec -2 0 Ju n -2 1 D ec -2 1 Ju n -2 2 D ec -2 2 Ju n -2 3 D ec -2 3 Ju n -2 4 D ec -2 4 Ju n -2 5 D ec -2 5 Ju n -2 6 Commercial - Int Bearing Fed Funds Target 23% 77% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Ju n -1 7 D ec -1 7 Ju n -1 8 D ec -1 8 Ju n -1 9 D ec -1 9 Ju n -2 0 D ec -2 0 Ju n -2 1 D ec -2 1 Ju n -2 2 D ec -2 2 Ju n -2 3 D ec -2 3 Ju n -2 4 D ec -2 4 Ju n -2 5 D ec -2 5 Ju n -2 6 Non-Int Bearing Int Bearing

 

22 Investment Portfolio Quarter 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 $50 million • Market value of U.S. Treasuries held to maturity stood at $6.1 billion, in line with the book value • Invested approximately $1.1 billion in U.S. Treasury notes with an average duration of 2.8 years and a yield of approximately 3.86% 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 $202 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 2026 we expect the amortization to be approximately $74 million, $97 million for 2027 and the remaining amount in 2028 and 2029. Differences due to rounding Yield UST Legacy UST New 1.24% 3.79% - 200 400 600 800 1,000 1,200 1,400 1,600 Sep-26 Dec-26 Mar-27 Jun-27 Sep-27 Dec-27 Mar-28 Jun-28 Sep-28 Dec-28 Mar-29 Jun-29 Sep-29 $ M ill io n s Maturities: US Treasury Notes (AFS & HTM) UST Legacy UST New (Program Restarted in 2024) 32% 0% 0% 0% 33% 0% 0% 0% 20% 0% 0% 0% 2% 3% 0% 9% 0% 0% 0% 0% 0% 5% 10% 15% 20% 25% 30% 35% 0 - 3 yrs 4 - 5 yrs 6 - 7 yrs 8 - 10 yrs Maturity Profile U.S. T-bills U.S. Treasuries - AFS U.S. Treasuries - HTM Agency MBS/CMO $ in millions Q2 2026 Variance to Q1 2026 Q1 2026 Description Amortized Cost % of Portfolio Book Value Gain / (Loss) Yield Maturity / WAL1 Amortized Cost Gain / (Loss) Money Markets (Cash at Federal Reserve) $4,546 12.8% $4,546 $0 3.7% - ($100) $0 U.S. T-bills 10,042 28.2% 10,042 0 3.5% 0.2 3,045 (0) U.S. Treasuries 10,301 28.8% 10,229 (72) 3.7% 1.5 234 (46) Agency MBS/CMO 5,410 12.7% 4,522 (889) 1.8% 6.6 (163) (10) Total AFS 25,753 69.7% 24,792 (961) 3.3% 1.9 3,116 (56) U.S. Treasuries2 6,363 17.3% 6,155 (202) 1.2% 1.3 (800) 44 Other 54 0.2% 54 - 1.4% 15.1 (0) - Total HTM 6,417 17.5% 6,208 (202) 1.2% 1.4 (801) 44 Total Trading 32 0.1% 32 0 4.9% 7.3 1 (0) Total Portfolio $36,747 100.0% $35,578 ($1,162) 3.0% 1.6 $2,215 ($12) AFS HTM

 

23 Allowance for Credit Losses – Q2 2026 ACL Movement: • Moody’s baseline forecast shows a reduction in 2026 U.S. economic growth influenced by geopolitical conflicts • NCOs for the quarter were impacted by a $71 million charge-off for a single commercial relationship • Commercial portfolio driven by higher reserves for NPLs • Retail loan portfolio driven by loss history for the unsecured personal loans and credit cards portfolios Economic Scenarios: • Baseline scenario assigned the highest probability, followed by the S3 (pessimistic) scenario • The probability assigned to the S3 (pessimistic) scenario remains at elevated levels due to current uncertainty in the markets • 2026 annualized GDP growth (baseline): ‐ P.R. decreased to 0.70% from 1.02% ‐ U.S. decreased to 2.17% from 2.93% • 2026 forecasted average unemployment rate (baseline): ‐ P.R. remains near historically low levels at 5.80% ‐ U.S. is lower than previous period at 4.42% $824 $(104) $46 $14 $5 $785 Q1 2026 ACL NCOs Commercial Changes Consumer Changes Economic Scenarios and … Q2 2026 ACL 650 670 690 710 730 750 770 790 810 830 ACL Movement ($ in millions) Q1 2026 ACL NCOs Economic scenario and qualitative Commercial portfolio Retail Loan portfolios Q2 2026 ACL

 

24 Commercial and Industrial Portfolio Highlights: • The Commercial and Industrial (“C&I”) 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 $145 million, a $48 million decrease due to resolution of a $155 million relationship which was classified as NPL in Q3 2025. The decrease was partially offset by inflows to NPLs of $129 million that stemmed from issues specific to the individual borrowers and that are not indicative of a broader decline in portfolio credit quality • Q2 NCOs impacted by a $71 million charge-off from the previously mentioned $155 million relationship. The carrying amount of $84 million was transferred to LHFS • Allowance for credit losses (“ACL”) to loans held-in- portfolio at 2.1% $5,588 $5,744 $5,961 $5,929 $6,163 $2,449 $2,494 $2,637 $2,625 $2,611 $8,037 $8,238 $8,598 $8,555 $8,774 0.14% 2.12% 2.21% 2.25% 1.65%1.76% 2.06% 2.10% 2.31% 2.11% 0.0% 3.1% 6.2% 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Commercial and Industrial Portfolio ($ in millions) BPPR Popular U.S. NPL/Loans ACL/Loans Other Services 23% Public Administration 13% Retail Trade 11%Finance and Insurance 10% Wholesale Trade 6% Real estate and Rental Leasing 6% Accommodation and Food Services 6% Manufacturing 5% Health Care and Social Assistance 4% Transportation and Warehousing 2% Information 2% Other 12% Commercial & Industrial Portfolio Balance by industry type Metric Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 30-89 DPD/Loans 0.27% 0.26% 0.25% 0.28% 0.15% NPL/Loans 0.14% 2.12% 2.21% 2.25% 1.65% NCO Ratio 0.06% 0.07% 0.27% 0.03% 3.39% ACL/Loans 1.76% 2.06% 2.10% 2.31% 2.11% ACL/NPL 1237.57% 97.03% 95.02% 102.58% 127.90% Classified Loans/Loans 4.33% 6.22% 6.25% 6.23% 4.29% Credit Metrics

 

25 Non-Owner Occupied CRE Portfolio Highlights: • Non-Owner Occupied CRE (CRE NOO) exposure mainly in retail, hotels and office space • Office exposure limited to 1.7% of total loan portfolio and 12% of CRE NOO ‐ Office space mainly in mid-rise properties with diversified tenants across both regions ‐ Average loan size at approximately $3 million • Strong credit risk profile ‐ NPLs at 0.59%, stable from Q1 2026 ‐ Allowance for credit losses to loans held-in-portfolio at 0.99% $3,330 $3,303 $3,395 $3,392 $3,321 $2,191 $2,160 $2,148 $2,151 $2,300 $5,521 $5,463 $5,543 $5,543 $5,621 0.30% 0.81% 0.77% 0.60% 0.60% 1.06% 1.08% 1.06% 1.16% 0.99% 0.0%0 1,000 2,000 3,000 4,000 5,000 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Non-Owner Occupied CRE ($ in millions) BPPR Popular U.S. NPL/Loans ACL/Loans Metric Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 30-89 DPD/Loans 0.27% 0.26% 0.25% 0.28% 0.14% NPL/Loans 0.14% 2.12% 2.21% 2.25% 0.59% NCO Ratio 0.06% 0.07% 0.27% 0.03% 0.00% ACL/Loans 1.76% 2.06% 2.10% 2.31% 0.99% ACL/NPL 1237.57% 97.03% 95.02% 102.58% 169.29% Classified Loans/Loans 4.33% 6.22% 6.25% 6.23% 3.25% Credit Metrics Retail 32% Hotels 19% Office Space 12% Shelters 11% Industrial 8% Mixed use 6% Health Facility 5% Other 7% Non-Owner Occupied CRE Balance by property type

 

26 Multifamily Loan Portfolio 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 multi-family 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 $306 $302 $303 $343 $346 $2,214 $2,187 $2,152 $2,084 $2,053 $2,521 $2,521 $2,456 $2,427 $2,399 0.43% 0.35% 0.36% 0.45% 0.37% 0.60% 0.67% 0.79% 0.83% 0.79% 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% 0 500 1,000 1,500 2,000 2,500 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Multifamily Loans ($ in millions) BPPR Popular U.S. NPL/Loans ACL/Loans NY 56% FL 27% PR 10% NJ 4% Other 3% Multifamily Loans Balance by state Metric Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 30-89 DPD/Loans 0.44% 0.16% 0.66% 0.67% 0.51% NPL/Loans 0.43% 0.35% 0.36% 0.45% 0.37% NCO Ratio 0.00% 0.00% -0.01% 0.00% 0.22% ACL/Loans 0.67% 0.67% 0.79% 0.83% 0.79% ACL/NPL 153.60% 191.90% 221.13% 183.08% 211.82% Classified Loans/Loans 1.27% 1.20% 1.09% 1.34% 1.16% Credit Metrics

 

27 P.R. Mortgage Loan Portfolio Highlights: • 45% of the P.R. mortgage loan portfolio is comprised of U.S. government guaranteed loans • Over the last five years, origination average FICO scores above 750 and LTV approximately 70% • Delinquency and NCOs levels for the period remained below the historical average benchmark 48% 51% 50% 73% 66% 65% 69% 67% 67% 34% 32% 38% 21% 29% 29% 26% 27% 27% 18% 17% 12% 6% 5% 6% 5% 6% 6% 736 734 741 759 751 750 756 754 755 2018 2019 2020 2021 2022 2023 2024 2025 2026 FICO Mix of Originations (Non-Conforming) (% of approved amount) 740+ 680-739 620-679 <620 WA FICO 78% 77% 74% 70% 67% 73% 73% 72% Original LTV $4,192 $4,193 $4,180 $4,181 $4,202 $4,195 $4,180 $4,153 $4,121 $2,399 $2,502 $2,630 $2,765 $2,902 $3,038 $3,168 $3,283 $3,408 $6,591 $6,695 $6,810 $6,946 $7,104 $7,233 $7,348 $7,436 $7,530 (0.88) (0.87) (0.87) (0.86) (0.86) (0.85) (0.85) (0.84) (0.84) (0.83) (0.83) (0.82) (0.82) (0.81) (0.81) (0.80) (0.80) (0.79) (0.79) (0.78) (0.78) (0.77) (0.77) (0.76) (0.76) (0.75) (0.75) (0.74) (0.74) (0.73) (0.73) (0.72) (0.72) (0.71) (0.71) (0.70) (0.70) (0.69) (0.69) (0.68) (0.68) (0.67) (0.67) (0.66) (0.66) (0.65) (0.65) (0.64) (0.64) (0.63) (0.63) (0.62) (0.62) (0.61) (0.61) (0.60) (0.60) (0.59) (0.59) (0.58) (0.58) (0.57) (0.57) (0.56) (0.56) (0.55) (0.55) (0.54) (0.54) (0.53) (0.53) (0.52) (0.52) (0.51) (0.51) (0.50) (0.50) (0.49) (0.49) (0.48) (0.48) (0.47) (0.47) (0.46) (0.46) (0.45) (0.45) (0.44) (0.44) (0.43) (0.43) (0.42) (0.42) (0.41) (0.41) (0.40) (0.40) (0.39) (0.39) (0.38) (0.38) (0.37) (0.37) (0.36) (0.36) (0.35) (0.35) (0.34) (0.34) (0.33) (0.33) (0.32) (0.32) (0.31) (0.31) (0.30) (0.30) (0.29) (0.29) (0.28) (0.28) (0.27) (0.27) (0.26) (0.26) (0.25) (0.25) (0.24) (0.24) (0.23) (0.23) (0.22) (0.22) (0.21) (0.21) (0.20) (0.20) (0.19) (0.19) (0.18) (0.18) (0.17) (0.17) (0.16) (0.16) (0.15) (0.15) (0.14) (0.14) (0.13) (0.13) (0.12) (0.12) (0.11) (0.11) (0.10) (0.10) (0.09) (0.09) (0.08) (0.08) (0.07) (0.07) (0.06) (0.06) (0.05) (0.05) (0.04) (0.04) (0.03) (0.03) (0.02) (0.02) (0.01) (0.01) - 0.01 0.01 0.02 0.02 0.03 0.03 0.04 0.04 0.05 0.05 0.06 0.06 0.07 0.07 0.08 0.08 0.09 0.09 0.10 0.10 0.11 0.11 0.12 0.12 0.13 0.13 0.14 0.14 0.15 0.15 0.16 0.16 0.17 0.17 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.22 0.22 0.23 0.23 - 1,00 0 2,00 0 3,00 0 4,00 0 5,00 0 6,00 0 7,00 0 8,00 0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Portfolio: Guaranteed vs. Non-Guaranteed ($ in millions) Non-Guaranteed Government Guaranteed $169 $158 $161 $154 $153 $146 $162 $121 $125 $164 $158 $158 $149 $147 $140 $132 $129 $129 $333 $316 $320 $303 $301 $286 $294 $251 $254 7.9% 7.5% 7.6% 7.2% 7.2% 6.8% 7.0% 6.0% 6.2% - 0.01 0.01 0.02 0.02 0.03 0.03 0.04 0.04 0.05 0.05 0.06 0.06 0.07 0.07 0.08 0.08 0.09 0.09 0.10 0.10 0.11 0.11 0.12 0.12 0.13 0.13 0.14 0.14 0.15 0.15 0.16 0.16 0.17 0.17 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.22 0.22 0.23 0.23 0.24 0.24 0.25 0.25 0.26 0.26 0.27 0.27 0.28 0.28 0.29 0.29 0.30 0.30 0.31 0.31 0.32 0.32 0.33 0.33 0.34 0.34 0.35 0.35 0.36 0.36 0.37 0.37 0.38 0.38 0 50 100 150 200 250 300 350 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Delinquency Non-Guaranteed Loans ($ in millions) 30-89 DPD NPLs 30+ DPD/Loans $223 $210 $218 $201 $219 $224 $233 $199 $212 $210 $202 $207 $185 $177 $174 $197 $196 $191 $433 $413 $425 $386 $396 $398 $430 $395 $403 18.1% 16.5% 16.2% 13.9% 13.6% 13.1% 13.6% 12.0% 11.8% - 0.005 0.010 0.015 0.020 0.025 0.030 0.035 0.040 0.045 0.050 0.055 0.060 0.065 0.070 0.075 0.080 0.085 0.090 0.095 0.100 0.105 0.110 0.115 0.120 0.125 0.130 0.135 0.140 0.145 0.150 0.155 0.160 0.165 0.170 0.175 0.180 0.185 0.190 0.195 0.200 0.205 0.210 0.215 0.220 0.225 0.230 0.235 0.240 0.245 0.250 0.255 0.260 0.265 0.270 0.275 0.280 0.285 0.290 0.295 0.300 0.305 0.310 0.315 0.320 0.325 0.330 0.335 0.340 0.345 0.350 0.355 0.360 0.365 0.370 0.375 0.380 0 50 100 150 200 250 300 350 400 450 500 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Delinquency Government Guaranteed Loans ($ in millions) 30-89 DPD 90+ DPD and Still Accruing 30+ DPD/Loans 74%

 

28 Auto Loan Portfolio Highlights: • Auto balances have remained stable, with recent quarter- over-quarter declining trend • Delinquency and NCO levels for the period remained below the historical average benchmark. NCOs declined to 61 bps, reflecting strong credit performance • Weighted-average FICO scores of approximately 736 • Q2 originations were approximately a 67%/33% split between new/used auto loans $135 $168 $178 $191 $136 $166 $179 $187 $130 $151 $2,918 $3,773 $3,819 $3,821 $3,820 $3,862 $3,851 $3,820 $3,784 $3,767 4.64% 4.46% 4.67% 5.00% 3.57% 4.29% 4.65% 4.89% 3.42% 4.00% 0 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0 500 1000 1500 2000 2500 3000 3500 4000 4500 Q4 2019 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Delinquency ($ in millions) 30+ DPD Portfolio 30+ DPD/Portfolio Avg. 2011-2019 06/30/2026 6.17% 4.00% $18 $10 $17 $19 $13 $7 $12 $13 $13 $6 2.44% 0.61% 0 0.005 0.01 0.015 0.02 0.025 0 2 4 6 8 10 12 14 16 18 20 Q4 2019 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 NCOs and NCO-to-Loan Ratio ($ in millions) Auto NCOs NCOs % Avg. 2011-2019 YTD 1.88% 0.98% 60% 58% 61% 65% 66% 66% 67% 71% 70% 27% 26% 26% 26% 24% 24% 23% 23% 24% 7% 9% 7% 4% 3% 4% 2% 2% 2%6% 7% 6% 5% 7% 6% 8% 4% 4% 723 720 721 729 732 731 737 739 736 0 100 200 300 400 500 600 700 0% 20% 40% 60% 80% 100% 2018 2019 2020 2021 2022 2023 2024 2025 2026 FICO Mix of Originations (% of approved amount) 700+ 625-699 <625 No FICO WA FICO

 

29 Auto Lease Portfolio Highlights: • Auto lease balances have grown steadily, but have declined in the most recent quarter • Delinquency and NCO levels for the period below the historical average benchmark • Weighted-average FICO scores of approximately 741 $19 $33 $32 $40 $33 $37 $37 $38 $34 $35 $1,060 $1,828 $1,887 $1,925 $1,950 $1,983 $1,999 $2,001 $1,986 $1,968 1.77% 1.79% 1.69% 2.06% 1.71% 1.85% 1.83% 1.88% 1.72% 1.78% 0 0.01 0.02 0.03 0.04 0.05 0.06 0 500 1000 1500 2000 2500 Q4 2019 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Delinquency ($ in millions) 30+ DPD Portfolio 30+ DPD/Loans Avg. 2011-2019 06/30/2026 2.06% 1.78% Avg. 2011-2019 YTD 0.65% 0.44% 75% 70% 70% 71% 74% 78% 79% 79% 77% 22% 26% 26% 26% 24% 19% 18% 18% 19% 3% 4% 4% 3% 2% 3% 3% 3% 4% 736 730 730 731 735 741 743 744 741 0 100 200 300 400 500 600 700 0% 20% 40% 60% 80% 100% 2018 2019 2020 2021 2022 2023 2024 2025 2026 FICO Mix of Originations (% of approved amount) 700+ 625-699 <625 No FICO WA FICO $3 $3 $2 $4 $3 $3 $2 $3 $3 $2 1.07% 0.52% 0 0.002 0.004 0.006 0.008 0.01 0.012 0.014 0.016 0 0.5 1 1.5 2 2.5 3 3.5 4 Q4 2019 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 NCOs and NCO-to-Loan Ratio ($ in millions) Leases NCOs NCO %

 

43% 44% 49% 43% 40% 41% 49% 49% 51% 49% 51% 46% 53% 56% 56% 49% 49% 47% 5% 3% 3% 3% 3% 3% 2% 2% 2% 3% 2% 2% 1% 1% 0% 0% 0% 0% 736 741 746 740 738 738 748 748 750 0 100 200 300 400 500 600 700 0% 20% 40% 60% 80% 100% 2018 2019 2020 2021 2022 2023 2024 2025 2026 FICO Mix of Originations (% of approved amount) 750+ 650-749 <650 No FICO WA FICO 30 P.R. Personal Loan Portfolio Highlights: • Portfolio balances stable but growing at a slower pace since 2024 due to credit tightening measures • Delinquency 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 $43 $54 $56 $53 $49 $48 $50 $51 $46 $45 $1,368 $1,745 $1,754 $1,754 $1,756 $1,792 $1,823 $1,836 $1,851 $1,896 3.15% 3.09% 3.19% 3.01% 2.77% 2.70% 2.72% 2.75% 2.47% 2.38% 0 0.01 0.02 0.03 0.04 0.05 0 500 100 0 150 0 200 0 250 0 Q4 2019 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Delinquency ($ in millions) 30+ DPD Portfolio 30+ DPD/Loans Avg. 2011-2019 06/30/2026 3.61% 2.38% Avg. 2011-2019 YTD 2.53% 3.65% $14 $21 $22 $23 $18 $16 $16 $18 $18 $16 4.19% 3.43% 0 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0 5 10 15 20 25 Q4 2019 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 NCOs and NCO- to Loan Ratio ($ in millions) Personal loan NCOs NCO %

 

31 Credit Cards Portfolio Highlights: • Overall balances have generally trended upward • Delinquency has followed an overall improving trend, declining below historical benchmark in Q2 • NCOs above historical benchmarks, with an overall declining trend since 2025 • Weighted-average FICO scores of approximately 773 $39 $48 $55 $59 $54 $49 $49 $52 $46 $44 $1,124 $1,163 $1,187 $1,218 $1,188 $1,215 $1,226 $1,257 $1,214 $1,238 3.45% 4.16% 4.62% 4.85% 4.58% 4.01% 4.01% 4.13% 3.83% 3.55% 0 0.005 0.01 0.015 0.02 0.025 0.03 0.035 0.04 0.045 0.05 0.055 0.06 0 200 400 600 800 1000 1200 1400 Q4 2019 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Delinquency ($ in millions) 30+ DPD Portfolio 30+ DPD/Loans Avg. 2011-2019 06/30/2026 3.74% 3.55% $8 $14 $15 $17 $16 $17 $15 $14 $16 $14 3.21% 4.67% 0 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0 2 4 6 8 10 12 14 16 18 20 Q4 2019 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 NCOs and NCO-to-Loan Ratio ($ in millions) Credit Card NCOs NCOs % Avg. 2011-2019 YTD 3.67% 5.20% 49% 51% 55% 53% 49% 50% 65% 67% 68% 44% 43% 42% 45% 45% 45% 32% 30% 29% 2% 2% 1% 2% 3% 3% 1% 1% 1% 5% 4% 2% 0% 3% 2% 2% 2% 2% 748 750 754 753 749 750 768 772 773 0 100 200 300 400 500 600 700 0% 20% 40% 60% 80% 100% 2018 2019 2020 2021 2022 2023 2024 2025 2026 FICO Mix of Originations (% of approved amount) 750+ 650-749 <650 No FICO WA FICO

 

32 P.R. Public Sector Exposure • Substantially all the Corporation’s direct exposure outstanding in Q2 were obligations from various Puerto Rico municipalities. As of June 30, 2026, our direct exposure outstanding to P.R. municipalities amounted to $415 million, increasing by $74 million from the prior quarter, mainly due to new loans to the municipality of San Juan • Our direct exposure to P.R. government entities at June 30, 2026 includes an exposure associated with Automated Clearing House (“ACH”) transaction settlements capped at $47 million, none of which was outstanding Includes loans or securities that are payable by non-governmental entities, but which carry a government guarantee to cover any shortfall in collateral in the event of borrower default. Majority are single-family mortgage related Indirect Exposure Obligations of municipalities are backed by real and personal property taxes, municipal excise taxes, and/or a percentage of the sales and use tax Municipalities Obligations of the Commonwealth of Puerto Rico, its agencies and instrumentalities (excluding municipalities) P.R. Government Entities ($ in millions) Loans Securities Total Municipalities 408$ 7$ 415$ P.R. Government Entities -$ -$ -$ Indirect exposure 165$ 35$ 200$ Outstanding P.R. Sector Exposure

 

33 2026 January S&P upgrades outlook to Positive Senior Unsecured Ratings Fitch BBB- Stable Outlook S&P BB+ Positive Outlook Moody’s Ba1 Positive Outlook 2019 April Moody's upgrades to B1 from B2 S&P revised outlook to Positive May Fitch upgrades to BB from BB- 2020 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 Unsec red Ratings March S&P lowers outlook to Stable 2025 September Moody’s upgrades outlook to Positive 2022 Popular’s Credit Ratings July Fitch upgrades IDR to BBB from BBB-

 

Investor Presentation Second Quarter 2026

 

Source: View Original Filing on SEC EDGAR

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