Popular, Inc. (NASDAQ: BPOP) boosts Q1 2026 profit, NIM and shareholder returns

Rhea-AI Filing Summary

Popular, Inc. reported strong first quarter 2026 results, with net income of $245.7 million and diluted EPS of $3.78, up from $233.9 million and $3.53 in the prior quarter and 48% higher EPS year-over-year.

Net interest income rose to $670.2 million, helped by lower deposit costs and higher U.S. Treasury income, lifting the net interest margin to 3.66%. Operating expenses declined to $467.3 million, while the provision for credit losses increased to $75.9 million as reserves were strengthened.

Asset quality remained solid: non‑performing loans fell to $458.1 million, or 1.17% of loans, although net charge‑offs rose to $60.0 million. Popular returned $204 million to shareholders through buybacks and dividends, repurchasing about 1.16 million shares, and delivered a 15.5% return on tangible common equity.

Positive

• Earnings and profitability improved materially, with net income of $245.7 million, EPS of $3.78 up 48% year-over-year, and return on tangible common equity rising to 15.46% for Q1 2026.
• Balance sheet and capital remained strong while returning capital, as CET1 reached 15.92%, tangible book value per share increased to $84.98, and $204 million was returned to shareholders through dividends and buybacks.

Negative

• Credit costs and charge‑offs increased, with the provision for credit losses rising to $75.9 million and net charge‑offs to $60.0 million, and the net charge‑off ratio moving up to 0.61% annualized.

Insights

Bank equity analyst

Popular posts strong, higher‑quality earnings with solid credit and capital.

Popular delivered Q1 2026 net income of $245.7 million and EPS of $3.78, up sharply year-over-year, driven by wider net interest margin, lower deposit costs and disciplined expense control. ROTCE reached 15.5%, above management’s 14% through‑the‑cycle objective.

Credit quality remains manageable. Non-performing loans declined to $458.1 million, or 1.17% of loans, while the allowance for credit losses increased to $823.7 million, lifting coverage to 2.10% of loans and 179.8% of non‑performing loans. Net charge‑offs rose to $60.0 million, but coverage strengthened.

Capital and shareholder returns are notable. CET1 stood at 15.92% and tangible book value per share at $84.98. The company returned $204 million via dividends and repurchased 1,155,398 shares for $155.2 million. Future filings will clarify how NIM, credit costs and buybacks evolve across 2026.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

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.

Key Figures

Net income: $245.7M Diluted EPS: $3.78 Net interest income: $670.2M +5 more

8 metrics

Net income $245.7M Quarter ended March 31, 2026

Diluted EPS $3.78 Quarter ended March 31, 2026

Net interest income $670.2M Q1 2026, non-taxable equivalent basis

Net interest margin 3.66% Q1 2026, GAAP basis

Provision for credit losses $75.9M Q1 2026 total provision for credit losses

Non-performing loans $458.1M As of March 31, 2026, 1.17% of loans

Allowance for credit losses $823.7M As of March 31, 2026, 2.10% of loans

CET1 capital ratio 15.92% As of March 31, 2026

Key Terms

net interest margin, return on tangible common equity, non-performing loans, allowance for credit losses, +2 more

6 terms

net interest margin financial

"Net interest margin (“NIM”) of 3.66% in the first quarter of 2026 increased five basis points"

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 tangible common equity financial

"We are pleased to have delivered a ROTCE of 15.5% this quarter"

Return on tangible common equity measures how much profit a company generates from the real, spendable capital that belongs to common shareholders, shown as a percentage. It strips out intangible items like goodwill to focus on the “hard” equity and tells investors how efficiently the firm uses that tangible capital to create earnings—think of it as the return on the cash you actually have rather than on paper values or goodwill.

non-performing loans financial

"Total NPLs decreased by $40.2 million to $458.1 million compared to the previous quarter"

Loans on a bank’s books where the borrower has stopped making scheduled payments for a prolonged period (commonly about 90 days), so the lender no longer expects full repayment on time. Think of them as overdue IOUs that may never be paid back; a rising level of such loans weakens a lender’s earnings and balance sheet, signals greater credit risk in the economy, and can hurt investors through lower dividends, loan losses, or declines in the lender’s stock value.

allowance for credit losses financial

"The ACL as of March 31, 2026 amounted to $823.7 million, an increase of $15.6 million"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

Common Equity Tier 1 ratio financial

"Common Equity Tier 1 ratio (“CET1”), common equity per share and tangible book value per share were 15.92%"

The common equity tier 1 ratio is a measure of a bank's financial strength, showing how much high-quality core capital it has compared to its total risk-weighted assets. Think of it as a safety buffer or cushion that helps ensure the bank can withstand economic shocks. For investors, a higher ratio indicates a stronger, more resilient bank, making it a key indicator of its financial health.

tangible book value per common share financial

"tangible book value per common share were 15.92%, $97.27 and $84.98, respectively"

A per-share measure of the company’s tangible net asset value available to common shareholders after removing intangible items (like goodwill, brand value, and patents) and any preferred shareholder claims. Think of it as the amount each common share would get if the company sold only its physical and financial assets and settled priority claims. Investors use it as a conservative baseline to judge whether a stock is cheaply priced relative to the company’s hard-asset backing.

Earnings Snapshot

Net income: $245.7M

Q1 2026

Net income $245.7M +38% YoY

Diluted EPS $3.78 +48% YoY

Net interest income $670.2M + $12.6M QoQ

Net interest margin 3.66% +0.05 pp QoQ

Return on tangible common equity 15.46% +4.10 pp YoY

Understanding 8-K Material Events →

false 0000763901 0000763901 2026-04-23 2026-04-23 0000763901 us-gaap:CommonStockMember 2026-04-23 2026-04-23 0000763901 us-gaap:CumulativePreferredStockMember 2026-04-23 2026-04-23

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): April 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. ☐

Item 2.02. Results of Operations and Financial Condition.

On April 23, 2026, Popular, Inc. (the “Corporation”) issued a press release announcing its unaudited financial results for the quarter ended March 31, 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 March 31, 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 April 23, 2026 – First Quarter 2026 Financial Results.
99.2		Popular, Inc. Conference Call Presentation – First 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).

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: April 23, 2026				By:		/s/ Denissa M. Rodríguez
						Denissa M. Rodríguez
						Senior Vice President and Corporate Comptroller

Exhibit 99.1

    

Popular, Inc. Announces First Quarter 2026 Financial Results

• Net income of $245.7 million in Q1 2026, compared to net income of $233.9 million in Q4 2025.

• Compared to adjusted net income in Q4 2025 of $224.2 million, which excluded a $9.7 million, net of tax, partial reversal of the FDIC special assessment reserve, net income increased by $21.5 million when compared to Q4 2025.

• Earnings per share (“EPS”) of $3.78 in Q1 2026 vs. $3.53 in Q4 2025.

• Net interest income of $670.2 million in Q1 2026, an increase of $12.6 million compared to Q4 2025:

• Net interest margin of 3.66% in Q1 2026, compared to 3.61% in Q4 2025; net interest margin on a taxable equivalent basis of 4.14% in Q1 2026, compared to 4.03% in Q4 2025.

• Non-interest income of $165.6 million in Q1 2026, a decrease of $0.7 million when compared to $166.3 million in Q4 2025.

• Operating expenses of $467.3 million, a decrease of $5.9 million when compared to $473.2 million in Q4 2025.

• Excluding the partial reversal of the FDIC special assessment reserve of $15.3 million in Q4 2025, operating expenses decreased by $21.2 million when compared to Q4 2025.

• Credit quality metrics:

• Non-performing loans held-in-portfolio (“NPLs”) decreased by $40.2 million from Q4 2025; NPLs to loans ratio decreased to 1.17% from 1.27% in Q4 2025.

• Net charge-offs (“NCOs”) increased by $10.4 million from Q4 2025 to $60.0 million, mainly due to a single $11.1 million commercial loan charge-off, previously placed in non-accrual in Q3 2025. Annualized NCOs to average loans held-in-portfolio at 0.61% vs. 0.51% in Q4 2025.

• Allowance for credit losses (“ACL”) to loans held-in-portfolio at 2.10% vs. 2.05% in Q4 2025; and

• ACL to NPLs at 179.8% vs. 162.2% in Q4 2025.

• Loans held-in-portfolio, excluding loans held-for-sale, amounted to $39.3 billion, a decrease of $37.8 million from Q4 2025; average quarterly loan balances, excluding loans held-for-sale, higher by $434.9 million.

• Money market and investment securities increased by $803.7 million from Q4 2025 to $33.6 billion; average quarterly balances increased by $959.4 million.

• Deposits at $67.6 billion, increasing by $1.4 billion from Q4 2025.

• This includes an increase of $250.1 million in P.R. public deposits; excluding P.R. public deposits, total deposits increased by $1.2 billion; average quarterly deposits increased by $1.1 billion, including an increase of $711.0 million in P.R. public deposits.

• Common Equity Tier 1 ratio of 15.92%, Common Equity per share of $97.27 and Tangible Book Value per share of $84.98 ($2.33 above Q4 2025).

• Capital actions for the first quarter of 2026 included the repurchase of 1,155,398 shares of common stock for $155.2 million, at an average price of $134.31 per share, and the payment and declaration of a quarterly common stock dividend of $0.75 per share. As of March 31, 2026, a total of $126.0 million remained available for stock repurchases under our currently active authorization.

• Return on average tangible common equity (“ROTCE”) of 15.46% in Q1 2026 vs. 14.39% in Q4 2025.

SAN JUAN, Puerto Rico – (BUSINESS WIRE) – Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $245.7 million for the quarter ended March 31, 2026, compared to net income of $233.9 million for the quarter ended December 31, 2025.

“We delivered a strong start to 2026, with net income of $246 million and earnings per share of $3.78, up 38% and 48%, respectively, year-over-year, reflecting disciplined execution across our businesses and continued momentum throughout the franchise,” said Javier D. Ferrer, President and Chief Executive Officer of Popular, Inc. “Our results quarter-over-quarter were driven by higher net interest income, an expanding net interest margin and, importantly, lower operating expenses. We also returned $204 million to our shareholders through buybacks and dividends.”

“We continue to invest in our businesses and expand our operational capabilities in support of our strategic objectives. We know that when we deliver for our customers, our businesses thrive and our shareholders are rewarded.”

“The Puerto Rico and United States economies remained resilient, with healthy business performance and consumer activity. We remain attentive to the evolving geopolitical and macroeconomic landscape, focused on maintaining our disciplined approach and being a source of strength for those who depend on us.”

“Our diversified business model, combined with robust capital and liquidity levels, positions us well to support our customers and create long-term value for our shareholders.”

“We are pleased to have delivered a ROTCE of 15.5% this quarter, up from 14.4% in the fourth quarter of 2025 and from 11.4% in the same quarter a year ago. This is a meaningful step forward in our journey toward a sustainable, through-the-cycle, 14% objective.”

“I want to express my sincere gratitude to our employees — it is their daily commitment to our customers, our communities, and each other that makes these results possible.”

Earnings Highlights

(Unaudited)		Quarters ended
(Dollars in thousands, except per share information)		31-Mar-26				31-Dec-25				31-Mar-25
Net interest income		$	670,180			$	657,552			$	605,597
Provision for credit losses			75,886				72,016				64,081
Net interest income after provision for credit losses			594,294				585,536				541,516
Other non-interest income			165,626				166,286				152,061
Operating expenses			467,310				473,206				471,012
Income before income tax			292,610				278,616				222,565
Income tax expense			46,936				44,716				45,063
Net income		$	245,674			$	233,900			$	177,502
Net income applicable to common stock		$	245,321			$	233,547			$	177,149
Net income per common share - basic		$	3.78			$	3.53			$	2.56
Net income per common share - diluted		$	3.78			$	3.53			$	2.56

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.

Net interest income on a taxable equivalent basis

Net interest income, on a taxable equivalent basis, is presented with its different components in Tables D and E for the quarter ended March 31, 2026. Net interest income, on a taxable equivalent basis, is a non-GAAP financial measure. Management believes that this presentation provides meaningful information since it facilitates the comparison of revenues arising from taxable and tax-exempt sources.

Tangible Common Equity

Tangible common equity, the tangible common equity ratio, tangible assets and tangible book value per common share are non-GAAP financial measures. 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. 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

In addition to analyzing the Corporation’s results on a reported basis, management monitors the “Adjusted net income” of the Corporation and excludes the impact of certain transactions on the results of its operations. Management believes that the “Adjusted net income” provides meaningful information about the underlying performance of the Corporation’s ongoing operations. The “Adjusted net income” is a non-GAAP financial measure. Non-GAAP financial measures used by the Corporation may not be comparable to similarly named non-GAAP financial measures used by other companies.

The following table presents the reconciliation of the net income to the adjusted net income (non-GAAP) for the quarter ended December 31, 2025. There were no adjustments to net income for the quarter ended March 31, 2026.

Adjusted Net Income for the Quarter Ended December 31, 2025 (Non-GAAP)

(Unaudited)
(In thousands)		Income before income tax				Income tax expense(benefit)				Impact on net Income
U.S. GAAP Net income		$	278,616			$	44,716			$	233,900
Non-GAAP Adjustments:
FDIC Special Assessment [1]			(15,323	)			5,622				(9,701	)
Adjusted net income (Non-GAAP)		$	263,293			$	39,094			$	224,199

[1] Partial reversal of the FDIC special assessment reserve imposed in connection with the receivership of several failed banks in 2023. Refer to the Operating Expenses section of this press release for additional information.

Net Interest Income and Net Interest Margin

Net interest income (“NII”) for the first quarter of 2026 was $670.2 million, an increase of $12.6 million when compared to the previous quarter. This increase was driven by lower interest expense on deposits by $22.1 million, primarily due to the lower cost of P.R. public deposits by $13.7 million, or 31 basis points, and lower cost of deposits in Popular Bank by $7.4 million, or 18 basis points, due to repricing across most deposit products. Higher income from U.S. Treasury securities by $5.9 million also contributed to higher NII, driven by higher average deposit balances by $1.1 billion during the quarter due to a combination of higher retail, commercial and P.R. public deposits, which supported the re-investment of maturities and purchases of U.S. treasuries. This increase in NII was partially offset by lower income from loans by $7.7 million, primarily attributable to the impact of two fewer days in the period, partially offset by higher average loan balances in the commercial and construction portfolios in both banks and in the mortgage loan portfolio in BPPR, as well as higher loan yields in the auto loan and credit card portfolios. In addition, lower income from money market investments by $4.0 million, or 28 basis points, negatively impacted NII during the quarter, reflecting the full quarter impact of short-term market rate cuts by the Federal Open Market Committee in the fourth quarter of 2025. The overall impact in NII of the two fewer days in the quarter was lower NII by $10.3 million.

Net interest margin (“NIM”) of 3.66% in the first quarter of 2026 increased five basis points, compared to 3.61% in the previous quarter, primarily due to the reduction in costs of P.R. public deposits and high-cost deposits in Popular Bank described above.

Excluding P.R. public deposits, average deposits increased by $383.5 million. Total deposit costs decreased by 12 basis points quarter-over-quarter to 1.56%. Excluding P.R. public deposits, total deposit costs decreased by five basis points to 1.09% compared to the previous quarter.

Net Interest Income and Net Interest Margin Taxable Equivalent (Non-GAAP)

Net interest income on a taxable equivalent basis for the first quarter of 2026 was $757.8 million, an increase of $24.0 million when compared to the previous quarter. Net interest margin on a taxable equivalent basis for the first quarter of 2026 was 4.14%, an increase of 11 basis points, driven by higher average balance and yields of U.S. Treasuries and higher average balance of mortgage and commercial loans during the period. Interest income on a taxable equivalent basis includes interest income on U.S. Treasuries and income from certain loans in BPPR portfolios, which are both tax exempt in Puerto Rico.

Net Interest Income and Net Interest Margin (Banco Popular de Puerto Rico Segment)

For the BPPR segment, net interest income for the first quarter of 2026 was $567.9 million, an increase of $13.4 million over the previous quarter. Net interest margin increased by seven basis points to 3.85%. Total deposit costs decreased by 11 basis points to 1.31%.

The main drivers of higher net interest income for the BPPR segment include:

• lower interest expense on deposits by $14.7 million, or 15 basis points, mainly driven by lower cost of P.R. public deposits (linked to short-term market rates), which decreased by $13.7 million, or 31 basis points, reflecting the full quarter effect of the decline in short-term market rates during the fourth quarter of 2025; and

• higher income from investment securities by $5.9 million, or four basis points, due to higher average balances in U.S. Treasury securities attributable to higher purchase and reinvestment activity in higher yielding U.S. Treasuries driven by higher deposit average balances by $1.3 billion;

partially offset by:

• lower income from money market investments by $3.4 million primarily due to a lower yield by 28 basis points when compared to the fourth quarter to 2025 as a result of the decline in short term market rates; and

• lower interest income from loans by $3.2 million, primarily attributable to the impact of two fewer days in the period, partially offset by average loan balance growth of $369.5 million in the commercial and mortgage loan portfolios.

Net Interest Income and Net Interest Margin (Popular Bank Segment)

Net interest income for the Popular Bank segment in Q1 2026 was $111.7 million, higher by $0.1 million when compared to the previous quarter. Net interest margin increased by four basis points to 3.15%. Total deposit costs decreased by 16 basis points during the quarter to 2.69%.

The main drivers for the net interest income for the Popular Bank segment include:

• lower interest expense on interest-bearing deposits by $7.4 million, or 18 basis points, attributable to repricing across most deposit products but mainly from high-cost online savings and time deposits;

partially offset by:

• lower interest income from loans by $4.5 million, or six basis points, driven by fewer days when compared to the previous quarter along with a lower yield in the commercial loan portfolio primarily attributable to a single loan payoff that occurred in Q4 2025 and lower prepayment penalty fees; and

• higher interest expense on short term borrowings by $1.2 million due to higher short-term FHLB advances.

Refer to tables D and E for more details on the components of net interest income and net interest margin on a taxable equivalent basis.

Non-interest income

Non-interest income amounted to $165.6 million for the quarter ended March 31, 2026, a decrease of $0.7 million when compared to $166.3 million for the previous quarter. The main variances in non-interest income include:

• lower other service fees by $3.6 million, mainly driven by lower debit and credit card fees by $1.2 million, lower purchase volume when compared to the seasonal increase in the fourth quarter of 2025, and lower insurance fees by $1.9 million mainly due to contingent insurance commissions, which are typically recognized during the fourth quarter;

partially offset by:

• higher income from equity securities of $2.8 million mainly due to a favorable quarter-over-quarter variance of $3.5 million in the valuation of securities held for deferred benefit plans, which have an offsetting effect in personnel costs, which during Q1 2026 had a $1.2 million positive market adjustment as compared to a decrease of $2.3 million in Q4.

Refer to Table B for further details.

Operating expenses

Operating expenses for the first quarter of 2026 totaled $467.3 million, a decrease of $5.9 million when compared to the fourth quarter of 2025. Excluding the partial reversal of the FDIC special assessment reserve of $15.3 million in Q4 2025, operating expenses decreased by $21.2 million when compared to Q4 2025.

The other factors that contributed to lower total operating expenses were:

• lower personnel costs by $14.1 million, primarily due to a profit-sharing accrual of $12.8 million during the fourth quarter of 2025 and lower salaries from fewer days in the quarter;

• lower business promotion expenses by $7.1 million mainly due to lower customer rewards programs expenses in our credit card business, as well as lower advertising, sponsorship and corporate communication expenses that are seasonally higher in the fourth quarter of the year; and

• lower professional fees by $3.8 million mainly due to fees related to corporate initiatives and IT projects such as the ERP implementation project and lower cost associated with regulatory compliance activities;

partially offset by:

• higher deposit insurance by $15.9 million due to the $15.3 million FDIC special assessment partial reversal recorded in the fourth quarter of 2025; and

• higher technology and software expenses by $3.0 million mainly due to continuing investments in technology and transformation initiatives.

Full-time equivalent employees were 9,191 as of March 31, 2026, compared to 9,238 as of December 31, 2025.

For a breakdown of operating expenses by category refer to Table B.

Income taxes

For the first quarter of 2026, the Corporation recorded an income tax expense of $46.9 million, compared to an income tax expense of $44.7 million for the previous quarter. The increase in income tax expense of $2.2 million is mainly driven by higher income before tax, partially offset by higher exempt income.

The effective tax rate (“ETR”) of the Corporation is impacted by the composition source of its taxable income and tax credit activities. The ETR for the first quarter of 2026 was 16.0%, in line with the previous quarter.

Credit Quality

During the first quarter of 2026, the Corporation’s credit quality metrics remained stable. The Corporation continues to closely monitor the economic landscape and borrower performance, as macro-economic uncertainty and increased volatility remain key considerations. Management believes that the improvements in risk management practices over recent years and the overall credit risk profile of the loan portfolio position the Corporation to continue to operate successfully in the current environment.

The following presents credit quality results for the first quarter of 2026:

Non-Performing Loans and Net Charge Offs

Total NPLs decreased by $40.2 million to $458.1 million compared to the previous quarter. Excluding consumer loans, inflows of NPLs held-in-portfolio decreased by $7.0 million in the first quarter of 2026. The ratio of NPLs to total loans held in the portfolio was 1.17% for the first quarter of 2026, compared to 1.27% for the previous quarter. NPLs variances per reporting segment include:

• In the BPPR segment, NPLs decreased by $38.4 million, primarily driven by reductions in commercial, consumer and mortgage NPLs of $17.6 million, $17.5 million and $3.0 million, respectively. The decrease in commercial NPLs was mainly driven by an $11.1 million charge-off related to a commercial real estate facility classified as NPL in the third quarter of 2025. The improvement in consumer NPLs was primarily due to a $16.8 million reduction in auto NPLs driven by increased payment activity. Excluding consumer loans, inflows to NPLs in the BPPR segment decreased by $2.4 million compared to the previous quarter.

• In the PB segment, NPLs remained stable quarter-over-quarter, decreasing by $1.8 million. Excluding consumer loans, inflows to NPLs decreased by $4.6 million compared to the previous quarter.

Including other real estate owned (“OREO”) assets of $45.7 million, non-performing assets (“NPAs”) for the Corporation amounted to $503.8 million, a decrease of $37.0 million when compared to the previous quarter.

Total NCOs of $60.0 million increased by $10.4 million when compared to the fourth quarter of 2025. NCOs during the fourth quarter included $5.3 million in recoveries from the sale of previously charged off auto and credit card loans. The Corporation’s ratio of annualized NCOs to average loans held-in-portfolio for the first quarter was 0.61%, compared to 0.51% in the fourth quarter of 2025.

NCOs variances per reporting segment include:

• In the BPPR segment, NCOs increased by $9.8 million, mostly due to the above referenced $11.1 million commercial NCO.

• In the PB segment, NCOs increased by $0.6 million.

Allowance for Credit Losses and Provision for Credit Losses

The ACL as of March 31, 2026 amounted to $823.7 million, an increase of $15.6 million when compared to the fourth quarter of 2025. The increase in the ACL was primarily in the BPPR segment.

• In the BPPR segment, the ACL increased by $14.3 million when compared to the previous quarter, mostly due to a $22.3 million increase in reserves for commercial loans driven by higher specific reserves for a single-borrower exposure in non-accrual and other loan modifications. The ACL for mortgage loans increased by $3.1 million, mostly due to changes in the macroeconomic scenarios. These increases were partially offset by a $12.4 million decrease in the ACL for consumer loans, mainly in the auto portfolio, reflecting improvements in credit quality.

• In the PB segment, the ACL remained stable, increasing by $1.4 million from the previous quarter.

The Corporation’s ratio of the ACL to loans held-in-portfolio was 2.10% in the first quarter of 2026, compared to 2.05% in the previous quarter. The ratio of the ACL to NPLs held-in-portfolio increased to 179.8%, from 162.2% in the previous quarter.

The provision for loan losses for the loan and lease portfolios for the first quarter of 2026 was $75.7 million, an increase of $4.3 million when compared to $71.4 million in the previous quarter. The provision for loan losses for the BPPR segment amounted to $73.3 million, compared to $71.7 million in the previous quarter. This increase was primarily driven by higher provision expenses for commercial loans of $14.5 million, mainly due to specific reserves for two unrelated commercial exposures in BPPR. The provision for mortgage loans increased by $10.6 million; during the previous quarter, changes in credit quality generated a release of $10.2 million in the mortgage loan portfolio. These increases were partially offset by a lower provision for the consumer loan portfolio of $24.2 million, mainly in the auto loan and unsecured loan portfolios, as a result of changes in credit quality and lower reserve build-up requirements due to slower origination activity. The provision for loan losses for the PB segment amounted to $2.4 million, compared to a release of $0.3 million in the prior 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 first quarter was $75.9 million.

Refer to Table L for breakdown of non-performing assets and related ratios and to Table N for allowance for credit losses, net charge-offs and related ratios.

Non-Performing Assets

(Unaudited)
(In thousands)		31-Mar-26				31-Dec-25				31-Mar-25
Non-performing loans held-in-portfolio		$	458,117			$	498,343			$	314,069
Other real estate owned			45,680				42,433				52,114
Total non-performing assets		$	503,797			$	540,776			$	366,183
Net charge-offs for the quarter		$	60,023			$	49,592			$	49,103
Ratios:
Loans held-in-portfolio		$	39,289,702			$	39,327,518			$	37,254,032
Non-performing loans held-in-portfolio to loans held-in-portfolio			1.17	%			1.27	%			0.84	%
Allowance for credit losses to loans held-in-portfolio			2.10				2.05				2.05
Allowance for credit losses to non-performing loans, excluding loans held-for-sale			179.81				162.15				242.67

Refer to Table L for additional information.

Provision for Credit Losses (Benefit) - Loan Portfolios

(Unaudited)		Quarters ended
(In thousands)		31-Mar-26				31-Dec-25				31-Mar-25
Provision for credit losses (benefit) - loan portfolios:
BPPR		$	73,298			$	71,734			$	52,690
Popular U.S.			2,391				(308	)			12,528
Total provision for credit losses (benefit) - loan portfolios		$	75,689			$	71,426			$	65,218

Credit Quality by Segment

(Unaudited)
(Dollars in thousands)		Quarters ended
BPPR		31-Mar-26				31-Dec-25				31-Mar-25
Provision for credit losses - loan portfolios		$	73,298			$	71,734			$	52,690
Net charge-offs			58,990				49,171				47,102
Total non-performing loans held-in-portfolio			420,273				458,709				262,006
Annualized net charge-offs to average loans held-in-portfolio			0.85	%			0.72	%			0.72	%
Allowance / loans held-in-portfolio			2.65	%			2.60	%			2.59	%
Allowance / non-performing loans held-in-portfolio			174.23	%			156.51	%			258.11	%
		Quarters ended
Popular U.S.		31-Mar-26				31-Dec-25				31-Mar-25
Provision for credit losses (benefit) - loan portfolios		$	2,391			$	(308	)		$	12,528
Net charge-offs			1,033				421				2,001
Total non-performing loans held-in-portfolio			37,844				39,634				52,063
Annualized net charge-offs to average loans held-in-portfolio			0.04	%			0.01	%			0.07	%
Allowance / loans held-in-portfolio			0.79	%			0.77	%			0.77	%
Allowance / non-performing loans held-in-portfolio			241.77	%			227.42	%			164.96	%

Financial Condition Highlights 

(Unaudited)
(In thousands)		31-Mar-26				31-Dec-25				31-Mar-25
Cash and money market investments		$	5,040,621			$	5,029,261			$	6,575,193
Investment securities			28,943,544				28,168,918				27,375,396
Loans			39,289,702				39,327,518				37,254,032
Total assets			76,131,018				75,348,267				74,038,606
Deposits			67,611,316				66,190,093				65,819,255
Borrowings			1,119,557				1,448,578				1,090,417
Total liabilities			69,819,932				69,099,188				68,238,911
Stockholders’ equity			6,311,086				6,249,079				5,799,695

Total assets amounted to $76.1 billion at March 31, 2026, an increase of $782.8 million from the fourth quarter of 2025, driven by:

• an increase in available-for-sale (“AFS”) securities of $1.2 billion, driven by reinvestment in U.S. Treasury securities, partially offset by maturities and principal paydowns, mainly in mortgage-backed securities (“MBS”);

partially offset by:

• a decrease in held-to-maturity (“HTM”) securities of $365.0 million, driven by maturities and principal paydowns, partially offset by the amortization of $46.9 million of the discount related to U.S. Treasury securities previously reclassified from AFS to HTM.

Total liabilities increased by $720.7 million from the fourth quarter of 2025, driven by:

• an increase of $1.4 billion in deposits, primarily driven by an increase at BPPR of $1.2 billion, including higher balances across both retail and commercial accounts, driven by growth in total retail deposit accounts and increased balances from commercial deposits, and an increase in P.R. public deposits of approximately $250.1 million, reflecting an inflow of federal funds and funds from tax collections, partially offset by seasonal disbursements related to tax refunds. At quarter end, P.R. public deposits totaled $19.7 billion;

partially offset by:

• a decrease in other liabilities of $375.9 million, mainly due to lower unsettled U.S. Treasury security purchases by $298.3 million; and

• a decrease in other short-term borrowings of $300.0 million due to lower FHLB advances in PB.

Stockholders’ equity increased by $62.0 million when compared to the fourth quarter of 2025 mainly due to the quarter’s net income of $245.7 million and the amortization of unrealized losses from securities previously reclassified to HTM of $37.5 million, net of tax, partially offset by an increase in Treasury Stock of $152.4 million, mainly due to common stock repurchases during the quarter, the common and preferred dividends declared during the quarter of $48.9 million, and an increase in net unrealized losses in the portfolio of AFS securities of $25.3 million.

During the quarter ended March 31, 2026, Popular repurchased 1,155,398 shares of common stock for $155.2 million at an average price of $134.31 per share. As of March 31, 2026, $126.0 million remained available for stock repurchase under the active repurchase authorization.

Common Equity Tier 1 ratio (“CET1”), common equity per share and tangible book value per share were 15.92%, $97.27 and $84.98, respectively, at March 31, 2026, compared to 15.72%, $94.75 and $82.65, respectively, at December 31, 2025.

Refer to Table A for capital ratios.

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 and future performance. These statements are not guarantees of future performance, are based on management’s current expectations and, by their nature, involve risks, uncertainties, estimates and assumptions. Potential factors, some of which are beyond the Corporation’s control, could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. Risks and uncertainties include,

without limitation, the effect of competitive and economic factors, and our reaction to those factors, the adequacy of the allowance for loan losses, delinquency trends, market risk and the impact of interest rate changes (including on our cost of deposits), our ability to attract deposits and grow our loan portfolio, capital market conditions, capital adequacy and liquidity, the effect of legal and regulatory proceedings, 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 in response to recent developments affecting the banking sector, 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, the impact of any future U.S. government shutdown 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 and our Form 10-Q for the quarters ended March 31, 2026 to be filed with the Securities and Exchange Commission. Our filings are available on the Corporation’s website (www.popular.com) and on the Securities and Exchange Commission website (www.sec.gov). The Corporation assumes no obligation to update or revise any forward-looking statements or information which speak as of their respective dates.

About Popular, Inc.

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

Conference Call

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

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

Popular, Inc.

Financial Supplement to First 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 [Left Blank]

Table G - Mortgage Banking Activities and Other Service Fees

Table H - Consolidated Loans and Deposits

Table I - Loan Delinquency - BPPR Operations

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

Table K - Loan Delinquency - Consolidated

Table L - Non-Performing Assets

Table M - Activity in Non-Performing Loans

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

Table O - Allowance for Credit Losses “ACL” - Loan Portfolios - BPPR Operations

Table P - Allowance for Credit Losses “ACL” - Loan Portfolios - POPULAR U.S. Operations

Table Q - Allowance for Credit Losses “ACL” - Loan Portfolios - Consolidated

Table R - Reconciliation to GAAP Financial Measures

POPULAR, INC.

Financial Supplement to First Quarter 2026 Earnings Release

Table A - Selected Ratios and Other Information

(Unaudited)

		Quarters ended
		31-Mar-26				31-Dec-25				31-Mar-25
Basic EPS		$	3.78			$	3.53			$	2.56
Diluted EPS		$	3.78			$	3.53			$	2.56
Average common shares outstanding			64,818,440				65,997,636				69,280,137
Average common shares outstanding - assuming dilution			64,877,543				66,030,817				69,307,681
Common shares outstanding at end of period			64,654,788				65,719,385				68,984,148
Market value per common share		$	134.17			$	124.52			$	92.37
Market capitalization - (In millions)		$	8,675			$	8,183			$	6,372
Return on average assets			1.29	%			1.23	%			0.96	%
Return on average common equity			13.76	%			12.81	%			10.07	%
Net interest margin (non-taxable equivalent basis)			3.66	%			3.61	%			3.40	%
Net interest margin (taxable equivalent basis) -non-GAAP			4.14	%			4.03	%			3.73	%
Common equity per share		$	97.27			$	94.75			$	83.75
Tangible common book value per common share (non-GAAP) [1]		$	84.98			$	82.65			$	72.02
Tangible common equity to tangible assets (non-GAAP) [1]			7.29	%			7.29	%			6.78	%
Return on average tangible common equity [1]			15.46	%			14.39	%			11.36	%
Tier 1 capital			15.98	%			15.77	%			16.16	%
Total capital			17.71	%			17.50	%			17.91	%
Tier 1 leverage			8.60	%			8.65	%			8.50	%
Common Equity Tier 1 capital			15.92	%			15.72	%			16.11	%

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

POPULAR, INC.

Financial Supplement to First Quarter 2026 Earnings Release

Table B - Consolidated Statement of Operations

(Unaudited)

		Quarters ended								Variance				Quarter ended				Variance
										Q1 2026								Q1 2026
(In thousands, except per share information)		31-Mar-26				31-Dec-25				vs. Q4 2025				31-Mar-25				vs. Q1 2025
Interest income:
Loans		$	702,149			$	709,819			$	(7,670	)		$	666,673			$	35,476
Money market investments			44,240				48,221				(3,981	)			70,166				(25,926	)
Investment securities			200,827				197,450				3,377				180,159				20,668
Total interest income			947,216				955,490				(8,274	)			916,998				30,218
Interest expense:
Deposits			259,418				281,543				(22,125	)			297,863				(38,445	)
Short-term borrowings			5,703				4,476				1,227				1,426				4,277
Long-term debt			11,915				11,919				(4	)			12,112				(197	)
Total interest expense			277,036				297,938				(20,902	)			311,401				(34,365	)
Net interest income			670,180				657,552				12,628				605,597				64,583
Provision for credit losses			75,886				72,016				3,870				64,081				11,805
Net interest income after provision for credit losses			594,294				585,536				8,758				541,516				52,778
Service charges on deposit accounts			38,766				38,911				(145	)			39,054				(288	)
Other service fees			102,921				106,505				(3,584	)			94,508				8,413
Mortgage banking activities			4,213				3,624				589				3,689				524
Net gain (loss), including impairment, on equity securities			1,029				(2,049	)			3,078				(414	)			1,443
Net gain on trading account debt securities			261				452				(191	)			520				(259	)
Adjustments to indemnity reserves on loans sold			35				(503	)			538				173				(138	)
Other operating income			18,401				19,346				(945	)			14,531				3,870
Total non-interest income			165,626				166,286				(660	)			152,061				13,565
Operating expenses:
Personnel costs
Salaries			134,813				139,665				(4,852	)			130,950				3,863
Commissions, incentives and other bonuses			34,903				36,394				(1,491	)			37,986				(3,083	)
Profit sharing			(1,203	)			12,801				(14,004	)			—				(1,203	)
Pension, postretirement and medical insurance			14,896				17,556				(2,660	)			14,566				330
Other personnel costs, including payroll taxes			32,660				23,742				8,918				29,211				3,449
Total personnel costs			216,069				230,158				(14,089	)			212,713				3,356
Net occupancy expenses			27,299				27,772				(473	)			27,218				81
Equipment expenses			5,229				5,706				(477	)			5,302				(73	)
Other taxes			17,677				17,615				62				18,725				(1,048	)
Professional fees			25,553				29,357				(3,804	)			26,825				(1,272	)
Technology and software expenses			89,139				86,124				3,015				83,668				5,471
Processing and transactional services
Credit and debit cards			14,206				15,470				(1,264	)			12,926				1,280
Other processing and transactional services			24,881				22,866				2,015				24,855				26
Total processing and transactional services			39,087				38,336				751				37,781				1,306
Communications			4,509				4,520				(11	)			4,904				(395	)
Business promotion
Rewards and customer loyalty programs			15,392				17,741				(2,349	)			16,365				(973	)
Other business promotion			7,468				12,178				(4,710	)			7,310				158
Total business promotion			22,860				29,919				(7,059	)			23,675				(815	)
Deposit insurance			9,917				(5,946	)			15,863				10,035				(118	)
Other real estate owned (OREO) expense (income)			(4,618	)			(2,531	)			(2,087	)			(3,330	)			(1,288	)
Other operating expenses
Operational losses			3,975				2,624				1,351				6,138				(2,163	)
All other			10,230				9,168				1,062				16,761				(6,531	)
Total other operating expenses			14,205				11,792				2,413				22,899				(8,694	)
Amortization of intangibles			384				384				—				597				(213	)
Total operating expenses			467,310				473,206				(5,896	)			471,012				(3,702	)
Income before income tax			292,610				278,616				13,994				222,565				70,045
Income tax expense			46,936				44,716				2,220				45,063				1,873
Net income		$	245,674			$	233,900			$	11,774			$	177,502			$	68,172
Net income applicable to common stock		$	245,321			$	233,547			$	11,774			$	177,149			$	68,172
Net income per common share - basic		$	3.78			$	3.53			$	0.25			$	2.56			$	1.22
Net income per common share - diluted		$	3.78			$	3.53			$	0.25			$	2.56			$	1.22
Dividends Declared per Common Share		$	0.75			$	0.75			$	—			$	0.70			$	0.05

Popular, Inc.

Financial Supplement to First Quarter 2026 Earnings Release

Table C - Consolidated Statement of Financial Condition

(Unaudited)

														Variance
														Q1 2026 vs.
(In thousands)		31-Mar-26				31-Dec-25				31-Mar-25				Q4 2025
Assets:
Cash and due from banks		$	384,922			$	402,755			$	380,165			$	(17,833	)
Money market investments			4,655,699				4,626,506				6,195,028				29,193
Trading account debt securities, at fair value			30,449				36,569				28,477				(6,120	)
Debt securities available-for-sale, at fair value			21,733,269				20,574,972				19,493,180				1,158,297
Debt securities held-to-maturity, at amortized cost			6,962,659				7,327,529				7,648,718				(364,870	)
Less: Allowance for credit losses			5,900				5,812				5,481				88
Debt securities held-to-maturity, net			6,956,759				7,321,717				7,643,237				(364,958	)
Equity securities			217,167				229,848				205,021				(12,681	)
Loans held-for-sale, at lower of cost or fair value			5,603				9,998				5,077				(4,395	)
Loans held-in-portfolio			39,703,844				39,749,142				37,675,070				(45,298	)
Less: Unearned income			414,142				421,624				421,038				(7,482	)
Allowance for credit losses			823,729				808,056				762,148				15,673
Total loans held-in-portfolio, net			38,465,973				38,519,462				36,491,884				(53,489	)
Premises and equipment, net			706,233				685,820				625,237				20,413
Other real estate			45,680				42,433				52,114				3,247
Accrued income receivable			308,617				300,824				262,720				7,793
Mortgage servicing rights, at fair value			94,232				96,356				104,743				(2,124	)
Other assets			1,731,769				1,705,977				1,742,540				25,792
Goodwill			789,954				789,954				802,954				—
Other intangible assets			4,692				5,076				6,229				(384	)
Total assets		$	76,131,018			$	75,348,267			$	74,038,606			$	782,751
Liabilities and Stockholders’ Equity:
Liabilities:
Deposits:
Non-interest bearing		$	15,785,788			$	15,304,209			$	15,160,801			$	481,579
Interest bearing			51,825,528				50,885,884				50,658,454				939,644
Total deposits			67,611,316				66,190,093				65,819,255				1,421,223
Assets sold under agreements to repurchase			34,576				39,001				57,268				(4,425	)
Other short-term borrowings			350,000				650,000				200,000				(300,000	)
Notes payable			734,981				759,577				833,149				(24,596	)
Other liabilities			1,089,059				1,460,517				1,329,239				(371,458	)
Total liabilities			69,819,932				69,099,188				68,238,911				720,744
Stockholders’ equity:
Preferred stock			22,143				22,143				22,143				—
Common stock			1,049				1,049				1,049				—
Surplus			4,928,636				4,924,296				4,912,886				4,340
Retained earnings			5,403,176				5,206,497				4,699,697				196,679
Treasury stock			(2,875,230	)			(2,722,819	)			(2,346,093	)			(152,411	)
Accumulated other comprehensive loss, net of tax			(1,168,688	)			(1,182,087	)			(1,489,987	)			13,399
Total stockholders’ equity			6,311,086				6,249,079				5,799,695				62,007
Total liabilities and stockholders’ equity		$	76,131,018			$	75,348,267			$	74,038,606			$	782,751

Popular, Inc.

Financial Supplement to First Quarter 2026 Earnings Release

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

For the quarters ended March 31, 2026 and December 31, 2025

(Unaudited)

Average Volume												Average Yields / Costs														Interest												Variance Attributable to
31-Mar-26				31-Dec-25				Variance				31-Mar-26				31-Dec-25				Variance						31-Mar-26				31-Dec-25				Variance				Rate				Volume
(In millions)																										(In thousands)
$	4,850			$	4,810			$	40				3.70	%			3.98	%			(0.28	)%		Money market investments		$	44,240			$	48,221			$	(3,981	)		$	(4,385	)		$	404
	29,810				28,892				918				3.52				3.43				0.09			Investment securities [1]			258,897				249,672				9,225				30				9,195
	34				32				2				5.56				5.26				0.30			Trading securities			463				430				33				15				18
	34,694				33,734				960				3.54				3.51				0.03			Total money market, investment and trading securities			303,600				298,323				5,277				(4,340	)			9,617
																								Loans:
	19,723				19,395				328				6.71				6.75				(0.04	)		Commercial			326,387				330,093				(3,706	)			(9,231	)			5,525
	1,697				1,639				58				8.14				8.20				(0.06	)		Construction			34,068				33,871				197				(969	)			1,166
	1,985				1,991				(6	)			7.35				7.27				0.08			Leasing			36,459				36,178				281				391				(110	)
	8,664				8,591				73				6.08				6.02				0.06			Mortgage			131,679				129,278				2,401				1,307				1,094
	3,309				3,294				15				13.86				13.59				0.27			Consumer			113,129				112,828				301				(268	)			569
	3,892				3,933				(41	)			9.33				9.20				0.13			Auto			89,496				91,216				(1,720	)			(778	)			(942	)
	39,270				38,843				427				7.53				7.51				0.02			Total loans			731,218				733,464				(2,246	)			(9,548	)			7,302
$	73,964			$	72,577			$	1,387				5.66	%			5.65	%			0.01	%		Total earning assets		$	1,034,818			$	1,031,787			$	3,031			$	(13,888	)		$	16,919
																								Interest bearing deposits:
$	8,554			$	8,354			$	200				1.62	%			1.74	%			(0.12	)%		NOW and money market		$	34,159			$	36,632			$	(2,473	)		$	(3,502	)		$	1,029
	14,633				14,532				101				0.77				0.79				(0.02	)		Savings			27,714				29,095				(1,381	)			(1,177	)			(204	)
	8,714				8,859				(145	)			2.99				3.08				(0.09	)		Time deposits			64,243				68,777				(4,534	)			(3,244	)			(1,290	)
	20,362				19,651				711				2.66				2.97				(0.31	)		P.R. public deposits			133,302				147,039				(13,737	)			(18,689	)			4,952
	52,263				51,396				867				2.01				2.17				(0.16	)		Total interest bearing deposits			259,418				281,543				(22,125	)			(26,612	)			4,487
	15,101				14,874				227															Non-interest bearing demand deposits
	67,364				66,270				1,094				1.56				1.68				(0.12	)		Total deposits			259,418				281,543				(22,125	)			(26,612	)			4,487
	597				425				172				3.88				4.18				(0.30	)		Short-term borrowings			5,703				4,476				1,227				(443	)			1,670
	772				792				(20	)			6.26				6.04				0.22			Other medium and long-term debt			11,915				11,919				(4	)			344				(348	)
	53,632				52,613				1,019				2.09				2.24				(0.15	)		Total interest bearing liabilities (excluding demand deposits)			277,036				297,938				(20,902	)			(26,711	)			5,809
	5,231				5,090				141															Other sources of funds
$	73,964			$	72,577			$	1,387				1.52	%			1.62	%			(0.10	)%		Total source of funds			277,036				297,938				(20,902	)			(26,711	)			5,809
													4.14	%			4.03	%			0.11	%		Net interest margin/ income on a taxable equivalent basis (Non-GAAP)			757,782				733,849				23,933			$	12,823			$	11,110
													3.57	%			3.41	%			0.16	%		Net interest spread
																								Taxable equivalent adjustment			87,602				76,297				11,305
													3.66	%			3.61	%			0.05	%		Net interest margin/ income non-taxable equivalent basis (GAAP)		$	670,180			$	657,552			$	12,628

Note: The changes that are not due solely to volume or rate are allocated to volume and rate based on the proportion of the change in each category.

[1] Average balances exclude unrealized gains or losses on debt securities available-for-sale and the unrealized loss related to certain securities transferred from available-for-sale to held-to-maturity.

Popular, Inc.

Financial Supplement to First Quarter 2026 Earnings Release

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

For the quarters ended March 31, 2026 and March 31, 2025

(Unaudited)

Average Volume												Average Yields / Costs														Interest												Variance Attributable to
31-Mar-26				31-Mar-25				Variance				31-Mar-26				31-Mar-25				Variance						31-Mar-26				31-Mar-25				Variance				Rate				Volume
(In millions)																										(In thousands)
$	4,850			$	6,379			$	(1,529	)			3.70	%			4.46	%			(0.76	)%		Money market investments		$	44,240			$	70,166			$	(25,926	)		$	(10,784	)		$	(15,142	)
	29,810				28,415				1,395				3.52				3.14				0.38			Investment securities [1]			258,897				220,435				38,462				24,348				14,114
	34				31				3				5.56				5.82				(0.26	)		Trading securities			463				440				23				(20	)			43
	34,694				34,825				(131	)			3.54				3.38				0.16			Total money market, investment and trading securities			303,600				291,041				12,559				13,544				(985	)
																								Loans:
	19,723				18,489				1,234				6.71				6.71				—			Commercial			326,387				305,968				20,419				3				20,416
	1,697				1,309				388				8.14				8.11				0.03			Construction			34,068				26,190				7,878				102				7,776
	1,985				1,930				55				7.35				7.14				0.21			Leasing			36,459				34,444				2,015				1,015				1,000
	8,664				8,168				496				6.08				5.82				0.26			Mortgage			131,679				118,917				12,762				5,360				7,402
	3,309				3,203				106				13.86				14.04				(0.18	)		Consumer			113,129				110,859				2,270				(1,351	)			3,621
	3,892				3,907				(15	)			9.33				9.12				0.21			Auto			89,496				87,850				1,646				1,980				(334	)
	39,270				37,006				2,264				7.53				7.48				0.05			Total loans			731,218				684,228				46,990				7,109				39,881
$	73,964			$	71,831			$	2,133				5.66	%			5.49	%			0.17	%		Total earning assets		$	1,034,818			$	975,269			$	59,549			$	20,653			$	38,896
																								Interest bearing deposits:
$	8,554			$	7,983			$	571				1.62	%			1.73	%			(0.11	)%		NOW and money market		$	34,159			$	34,002			$	157			$	(4,227	)		$	4,384
	14,633				14,507				126				0.77				0.87				(0.10	)		Savings			27,714				31,280				(3,566	)			(2,118	)			(1,448	)
	8,714				8,400				314				2.99				3.22				(0.23	)		Time deposits			64,243				66,681				(2,438	)			(4,969	)			2,531
	20,362				20,286				76				2.66				3.32				(0.66	)		P.R. public deposits			133,302				165,900				(32,598	)			(33,046	)			448
	52,263				51,176				1,087				2.01				2.36				(0.35	)		Total interest bearing deposits			259,418				297,863				(38,445	)			(44,360	)			5,915
	15,101				14,682				419															Non-interest bearing demand deposits
	67,364				65,858				1,506				1.56				1.83				(0.27	)		Total deposits			259,418				297,863				(38,445	)			(44,360	)			5,915
	597				121				476				3.88				4.77				(0.89	)		Short-term borrowings			5,703				1,426				4,277				(284	)			4,561
	772				862				(90	)			6.26				5.66				0.60			Other medium and long-term debt			11,915				12,112				(197	)			1,223				(1,420	)
	53,632				52,159				1,473				2.09				2.42				(0.33	)		Total interest bearing liabilities (excluding demand deposits)			277,036				311,401				(34,365	)			(43,421	)			9,056
	5,231				4,990				241															Other sources of funds
$	73,964			$	71,831			$	2,133				1.52	%			1.76	%			(0.24	)%		Total source of funds			277,036				311,401				(34,365	)			(43,421	)			9,056
													4.14	%			3.73	%			0.41	%		Net interest margin/ income on a taxable equivalent basis (Non-GAAP)			757,782				663,868				93,914			$	64,074			$	29,840
													3.57	%			3.07	%			0.50	%		Net interest spread
																								Taxable equivalent adjustment			87,602				58,271				29,331
													3.66	%			3.40	%			0.26	%		Net interest margin/ income non-taxable equivalent basis (GAAP)		$	670,180			$	605,597			$	64,583

Note: The changes that are not due solely to volume or rate are allocated to volume and rate based on the proportion of the change in each category.

[1] Average balances exclude unrealized gains or losses on debt securities available-for-sale and the unrealized loss related to certain securities transferred from available-for-sale to held-to-maturity.

Popular, Inc.

Financial Supplement to First Quarter 2026 Earnings Release

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

[THIS PAGE INTENTIONALLY LEFT BLANK]

Popular, Inc. 

Financial Supplement to First Quarter 2026 Earnings Release

Table G - Mortgage Banking Activities and Other Service Fees

(Unaudited) 

Mortgage Banking Activities 

		Quarters ended												Variance
(In thousands)		31-Mar-26				31-Dec-25				31-Mar-25				Q1 2026 vs.Q4 2025
Mortgage servicing fees, net of fair value adjustments:
Mortgage servicing fees		$	6,483			$	6,805			$	7,168			$	(322	)
Mortgage servicing rights fair value adjustments			(2,639	)			(3,521	)			(3,570	)			882
Total mortgage servicing fees, net of fair value adjustments			3,844				3,284				3,598				560
Net gain (loss) on sale of loans, including valuation on loans held-for-sale			317				505				193				(188	)
Trading account (loss) profit:
Unrealized (losses) gains on outstanding derivative positions			75				(45	)			(87	)			120
Realized (losses) gains on closed derivative positions			(18	)			(53	)			1				35
Total trading account (loss) profit			57				(98	)			(86	)			155
Losses on repurchased loans, including interest advances			(4	)			(67	)			(16	)			63
Total mortgage banking activities		$	4,214			$	3,624			$	3,689			$	590

Other Service Fees 

		Quarters ended												Variance
(In thousands)		31-Mar-26				31-Dec-25				31-Mar-25				Q1 2026 vs.Q4 2025
Other service fees:
Debit card fees		$	30,009			$	30,399			$	26,432			$	(390	)
Insurance fees			12,525				14,465				11,309				(1,940	)
Credit card fees			32,000				32,772				30,130				(772	)
Sale and administration of investment products			10,187				10,203				8,973				(16	)
Trust fees			7,339				7,276				6,300				63
Other fees			10,861				11,390				11,364				(529	)
Total other service fees		$	102,921			$	106,505			$	94,508			$	(3,584	)

Popular, Inc. 

Financial Supplement to First Quarter 2026 Earnings Release 

Table H - Consolidated Loans and Deposits 

(Unaudited) 

Loans - Ending Balances 

														Variance
(Dollars in thousands)		31-Mar-26				31-Dec-25				31-Mar-25				Q1 2026 vs.Q4 2025				% of Change				Q1 2026 vs.Q1 2025				% of Change
Loans held-in-portfolio:
Commercial
Commercial multi-family		$	2,427,295			$	2,455,790			$	2,374,915			$	(28,495	)			(1.16	%)		$	52,380				2.21	%
Commercial real estate non-owner occupied			5,543,451				5,543,284				5,540,603				167				0.00	%			2,848				0.05	%
Commercial real estate owner occupied			3,212,356				3,153,080				2,956,559				59,276				1.88	%			255,797				8.65	%
Commercial and industrial			8,565,559				8,607,412				7,693,523				(41,853	)			(0.49	%)			872,036				11.33	%
Total Commercial			19,748,661				19,759,566				18,565,600				(10,905	)			(0.06	%)			1,183,061				6.37	%
Construction			1,674,193				1,674,899				1,358,979				(706	)			(0.04	%)			315,214				23.19	%
Mortgage			8,712,361				8,649,440				8,273,753				62,921				0.73	%			438,608				5.30	%
Leasing			1,986,165				2,001,365				1,949,705				(15,200	)			(0.76	%)			36,460				1.87	%
Consumer
Credit cards			1,214,199				1,256,717				1,187,777				(42,518	)			(3.38	%)			26,422				2.22	%
Home equity lines of credit			79,764				78,692				77,109				1,072				1.36	%			2,655				3.44	%
Personal			1,913,281				1,906,228				1,850,023				7,053				0.37	%			63,258				3.42	%
Auto			3,783,904				3,819,812				3,820,242				(35,908	)			(0.94	%)			(36,338	)			(0.95	%)
Other			177,174				180,799				170,844				(3,625	)			(2.00	%)			6,330				3.71	%
Total Consumer			7,168,322				7,242,248				7,105,995				(73,926	)			(1.02	%)			62,327				0.88	%
Total loans held-in-portfolio		$	39,289,702			$	39,327,518			$	37,254,032			$	(37,816	)			(0.10	%)		$	2,035,670				5.46	%
Loans held-for-sale:
Mortgage		$	5,603			$	9,998			$	5,077			$	(4,395	)			(43.96	%)		$	526				10.36	%
Total loans held-for-sale		$	5,603			$	9,998			$	5,077			$	(4,395	)			(43.96	%)		$	526				10.36	%
Total loans		$	39,295,305			$	39,337,516			$	37,259,109			$	(42,211	)			(0.11	%)		$	2,036,196				5.46	%

Deposits - Ending Balances 

														Variance
(In thousands)		31-Mar-26				31-Dec-25				31-Mar-25 [2]				Q1 2026 vs. Q4 2025				% of Change				Q1 2026 vs.Q1 2025				% of Change
Deposits excluding P.R. public deposits:
Demand deposits		$	15,778,435			$	15,298,712			$	15,160,801			$	479,723				3.14	%		$	617,634				4.07	%
Savings, NOW and money market deposits (non-brokered)			23,208,340				22,655,936				22,581,355				552,404				2.44	%			626,985				2.78	%
Savings, NOW and money market deposits (brokered)			82,417				87,566				95,861				(5,149	)			(5.88	%)			(13,444	)			(14.02	%)
Time deposits (non-brokered)			7,958,260				7,861,848				7,689,656				96,412				1.23	%			268,604				3.49	%
Time deposits (brokered CDs)			914,526				866,772				668,922				47,754				5.51	%			245,604				36.72	%
Sub-total deposits excluding P.R. public deposits			47,941,978				46,770,834				46,196,595				1,171,144				2.50	%			1,745,383				3.78	%
P.R. public deposits:
Demand deposits [1]			11,967,888				11,534,301				11,157,254				433,587				3.76	%			810,634				7.27	%
Savings, NOW and money market deposits (non-brokered)			6,828,306				7,134,217				7,655,847				(305,911	)			(4.29	%)			(827,541	)			(10.81	%)
Time deposits (non-brokered)			873,144				750,741				809,559				122,403				16.30	%			63,585				7.85	%
Sub-total P.R. public deposits			19,669,338				19,419,259				19,622,660				250,079				1.29	%			46,678				0.24	%
Total deposits		$	67,611,316			$	66,190,093			$	65,819,255			$	1,421,223				2.15	%		$	1,792,061				2.72	%

[1] Includes interest bearing demand deposits. 

[2] Savings, NOW and money market deposits include reciprocal deposits of $821 million as of March 31, 2026 (December 31, 2025 - $780 million; March 31, 2025 - $726 million) that were categorized as brokered deposits during 2025 and recharacterized as non-brokered on 2026. Similarly, Time deposits include reciprocal deposits of $86.9 million as of March 31, 2026 (December 31, 2025 - $92.6 million; March 31, 2025 - $144 million) that were categorized as brokered deposits during 2025 and recharacterized as non-brokered on 2026. The presentation for March 31, 2025 and December 31, 2025 has been adjusted to conform to the presentation for March 31, 2026.

Popular, Inc. 

Financial Supplement to First Quarter 2026 Earnings Release 

Table I - Loan Delinquency -BPPR Operations 

(Unaudited) 

31-Mar-26
BPPR
		Past due																								Past due 90 days or more
		30-59				60-89				90 days				Total												Non-accrual				Accruing
(In thousands)		days				days				or more				past due				Current				Loans HIP				loans				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

31-Dec-25
BPPR
		Past due																								Past due 90 days or more
		30-59				60-89				90 days				Total												Non-accrual				Accruing
(In thousands)		days				days				or more				past due				Current				Loans HIP				loans				loans
Commercial multi-family		$	6,579			$	155			$	112			$	6,846			$	296,502			$	303,348			$	112			$	—
Commercial real estate:
Non-owner occupied			2,457				299				35,692				38,448				3,356,682				3,395,130				35,692				—
Owner occupied			2,760				681				24,567				28,008				1,168,585				1,196,593				24,567				—
Commercial and industrial			8,864				3,760				187,222				199,846				5,770,227				5,970,073				183,914				3,308
Construction			17,283				—				—				17,283				340,258				357,541				—				—
Mortgage			261,145				133,124				329,613				723,882				6,624,085				7,347,967				132,373				197,240
Leasing			23,748				4,640				9,179				37,567				1,963,798				2,001,365				9,179				—
Consumer:
Credit cards			13,700				10,617				27,529				51,846				1,204,885				1,256,731				—				27,529
Home equity lines of credit			—				—				—				—				1,908				1,908				—				—
Personal			19,608				11,894				19,082				50,584				1,785,818				1,836,402				18,863				219
Auto			109,103				25,495				52,200				186,798				3,633,014				3,819,812				52,200				—
Other			927				2,688				2,285				5,900				165,858				171,758				1,809				476
Total		$	466,174			$	193,353			$	687,481			$	1,347,008			$	26,311,620			$	27,658,628			$	458,709			$	228,772

Variance
		Past due																								Past due 90 days or more
		30-59				60-89				90 days				Total												Non-accrual				Accruing
(In thousands)		days				days				or more				past due				Current				Loans HIP				loans				loans
Commercial multi-family		$	(3,862	)		$	7,772			$	(112	)		$	3,798			$	35,945			$	39,743			$	(112	)		$	—
Commercial real estate:
Non-owner occupied			666				(299	)			(9,235	)			(8,868	)			5,929				(2,939	)			(9,235	)			—
Owner occupied			(646	)			(17	)			(10,375	)			(11,038	)			(37,344	)			(48,382	)			(10,375	)			—
Commercial and industrial			(3,072	)			(1,520	)			2,983				(1,609	)			(28,199	)			(29,808	)			2,079				904
Construction			(3,648	)			—				—				(3,648	)			58,886				55,238				—				—
Mortgage			(43,101	)			(30,306	)			(4,292	)			(77,699	)			165,477				87,778				(3,006	)			(1,286	)
Leasing			(2,487	)			(702	)			(287	)			(3,476	)			(11,724	)			(15,200	)			(287	)			—
Consumer:
Credit cards			(1,349	)			(1,896	)			(2,134	)			(5,379	)			(37,160	)			(42,539	)			—				(2,134	)
Home equity lines of credit			—				120				—				120				(130	)			(10	)			—				—
Personal			(1,007	)			(682	)			(3,106	)			(4,795	)			19,457				14,662				(3,108	)			2
Auto			(27,991	)			(12,457	)			(16,810	)			(57,258	)			21,350				(35,908	)			(16,810	)			—
Other			(353	)			(2,553	)			2,378				(528	)			(3,822	)			(4,350	)			2,418				(40	)
Total		$	(86,850	)		$	(42,540	)		$	(40,990	)		$	(170,380	)		$	188,665			$	18,285			$	(38,436	)		$	(2,554	)

Popular, Inc. 

Financial Supplement to First Quarter 2026 Earnings Release 

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

(Unaudited) 

31-Mar-26
Popular U.S.
		Past due																								Past due 90 days or more
		30-59				60-89				90 days				Total												Non-accrual				Accruing
(In thousands)		days				days				or more				past due				Current				Loans HIP				loans				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
31-Dec-25
Popular U.S.
		Past due																								Past due 90 days or more
		30-59				60-89				90 days				Total												Non-accrual				Accruing
(In thousands)		days				days				or more				past due				Current				Loans HIP				loans				loans
Commercial multi-family		$	9,500			$	—			$	8,636			$	18,136			$	2,134,306			$	2,152,442			$	8,636			$	—
Commercial real estate:
Non-owner occupied			—				1,600				7,020				8,620				2,139,534				2,148,154				7,020				—
Owner occupied			—				—				—				—				1,956,487				1,956,487				—				—
Commercial and industrial			7,608				928				6,686				15,222				2,622,117				2,637,339				6,498				188
Construction			—				—				—				—				1,317,358				1,317,358				—				—
Mortgage			15,596				6,400				13,422				35,418				1,266,055				1,301,473				13,422				—
Consumer:
Credit cards			—				—				—				—				(14	)			(14	)			—				—
Home equity lines of credit			1,282				82				2,796				4,160				72,624				76,784				2,796				—
Personal			983				832				1,233				3,048				66,778				69,826				1,233				—
Other			—				—				29				29				9,012				9,041				29				—
Total		$	34,969			$	9,842			$	39,822			$	84,633			$	11,584,257			$	11,668,890			$	39,634			$	188

Variance
		Past due																								Past due 90 days or more
		30-59				60-89				90 days				Total												Non-accrual				Accruing
(In thousands)		days				days				or more				past due				Current				Loans HIP				loans				loans
Commercial multi-family		$	(3,767	)		$	—			$	2,326			$	(1,441	)		$	(66,797	)		$	(68,238	)		$	2,326			$	—
Commercial real estate:
Non-owner occupied			10,282				330				(33	)			10,579				(7,473	)			3,106				(33	)			—
Owner occupied			21,202				1,610				—				22,812				84,846				107,658				—				—
Commercial and industrial			4,052				3,476				7				7,535				(19,580	)			(12,045	)			26				(19	)
Construction			6,903				—				—				6,903				(62,847	)			(55,944	)			—				—
Mortgage			10,281				(4,848	)			(3,722	)			1,711				(26,568	)			(24,857	)			(3,722	)			—
Consumer:
Credit cards			—				—				—				—				21				21				—				—
Home equity lines of credit			(622	)			170				(30	)			(482	)			1,564				1,082				(30	)			—
Personal			79				(309	)			(328	)			(558	)			(7,051	)			(7,609	)			(328	)			—
Other			2				—				(29	)			(27	)			752				725				(29	)			—
Total		$	48,412			$	429			$	(1,809	)		$	47,032			$	(103,133	)		$	(56,101	)		$	(1,790	)		$	(19	)

Popular, Inc. 

Financial Supplement to First Quarter 2026 Earnings Release 

Table K - Loan Delinquency - Consolidated 

(Unaudited) 

31-Mar-26
Popular, Inc.
		Past due																								Past due 90 days or more
		30-59				60-89				90 days				Total												Non-accrual				Accruing
(In thousands)		days				days				or more				past due				Current				Loans HIP				loans				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
31-Dec-25
Popular, Inc.
		Past due																								Past due 90 days or more
		30-59				60-89				90 days				Total												Non-accrual				Accruing
(In thousands)		days				days				or more				past due				Current				Loans HIP				loans				loans
Commercial multi-family		$	16,079			$	155			$	8,748			$	24,982			$	2,430,808			$	2,455,790			$	8,748			$	—
Commercial real estate:
Non-owner occupied			2,457				1,899				42,712				47,068				5,496,216				5,543,284				42,712				—
Owner occupied			2,760				681				24,567				28,008				3,125,072				3,153,080				24,567				—
Commercial and industrial			16,472				4,688				193,908				215,068				8,392,344				8,607,412				190,412				3,496
Construction			17,283				—				—				17,283				1,657,616				1,674,899				—				—
Mortgage			276,741				139,524				343,035				759,300				7,890,140				8,649,440				145,795				197,240
Leasing			23,748				4,640				9,179				37,567				1,963,798				2,001,365				9,179				—
Consumer:
Credit cards			13,700				10,617				27,529				51,846				1,204,871				1,256,717				—				27,529
Home equity lines of credit			1,282				82				2,796				4,160				74,532				78,692				2,796				—
Personal			20,591				12,726				20,315				53,632				1,852,596				1,906,228				20,096				219
Auto			109,103				25,495				52,200				186,798				3,633,014				3,819,812				52,200				—
Other			927				2,688				2,314				5,929				174,870				180,799				1,838				476
Total		$	501,143			$	203,195			$	727,303			$	1,431,641			$	37,895,877			$	39,327,518			$	498,343			$	228,960

Variance
		Past due																								Past due 90 days or more
		30-59				60-89				90 days				Total												Non-accrual				Accruing
(In thousands)		days				days				or more				past due				Current				Loans HIP				loans				loans
Commercial multi-family		$	(7,629	)		$	7,772			$	2,214			$	2,357			$	(30,852	)		$	(28,495	)		$	2,214			$	—
Commercial real estate:
Non-owner occupied			10,948				31				(9,268	)			1,711				(1,544	)			167				(9,268	)			—
Owner occupied			20,556				1,593				(10,375	)			11,774				47,502				59,276				(10,375	)			—
Commercial and industrial			980				1,956				2,990				5,926				(47,779	)			(41,853	)			2,105				885
Construction			3,255				—				—				3,255				(3,961	)			(706	)			—				—
Mortgage			(32,820	)			(35,154	)			(8,014	)			(75,988	)			138,909				62,921				(6,728	)			(1,286	)
Leasing			(2,487	)			(702	)			(287	)			(3,476	)			(11,724	)			(15,200	)			(287	)			—
Consumer:
Credit cards			(1,349	)			(1,896	)			(2,134	)			(5,379	)			(37,139	)			(42,518	)			—				(2,134	)
Home equity lines of credit			(622	)			290				(30	)			(362	)			1,434				1,072				(30	)			—
Personal			(928	)			(991	)			(3,434	)			(5,353	)			12,406				7,053				(3,436	)			2
Auto			(27,991	)			(12,457	)			(16,810	)			(57,258	)			21,350				(35,908	)			(16,810	)			—
Other			(351	)			(2,553	)			2,349				(555	)			(3,070	)			(3,625	)			2,389				(40	)
Total		$	(38,438	)		$	(42,111	)		$	(42,799	)		$	(123,348	)		$	85,532			$	(37,816	)		$	(40,226	)		$	(2,573	)

Popular, Inc.

Financial Supplement to First Quarter 2026 Earnings Release

Table L - Non-Performing Assets

(Unaudited)

																										Variance
(Dollars in thousands)		31-Mar-26				As a % of loans HIP by category				31-Dec-25				As a % of loans HIP by category				31-Mar-25				As a % of loans HIP by category				Q1 2026 vs. Q4 2025				Q1 2026 vs. Q1 2025
Non-accrual loans:
Commercial
Commercial multi-family		$	10,962				0.5	%		$	8,748				0.4	%		$	8,773				0.4	%		$	2,214			$	2,189
Commercial real estate non-owner occupied			33,444				0.6				42,712				0.8				14,192				0.3				(9,268	)			19,252
Commercial real estate owner occupied			14,192				0.4				24,567				0.8				27,122				0.9				(10,375	)			(12,930	)
Commercial and industrial			192,517				2.2				190,412				2.2				10,017				0.1				2,105				182,500
Total Commercial			251,115				1.3				266,439				1.3				60,104				0.3				(15,324	)			191,011
Mortgage			139,067				1.6				145,795				1.7				177,593				2.1				(6,728	)			(38,526	)
Leasing			8,892				0.4				9,179				0.5				8,895				0.5				(287	)			(3	)
Consumer
Home equity lines of credit			2,766				3.5				2,796				3.6				3,430				4.4				(30	)			(664	)
Personal			16,660				0.9				20,096				1.1				20,285				1.1				(3,436	)			(3,625	)
Auto			35,390				0.9				52,200				1.4				41,784				1.1				(16,810	)			(6,394	)
Other			4,227				2.4				1,838				1.0				1,978				1.2				2,389				2,249
Total Consumer			59,043				0.8				76,930				1.1				67,477				0.9				(17,887	)			(8,434	)
Total non-performing loans held-in-portfolio			458,117				1.2	%			498,343				1.3	%			314,069				0.8	%			(40,226	)			144,048
Other real estate owned (“OREO”)			45,680								42,433								52,114								3,247				(6,434	)
Total non-performing assets [1]			503,797								540,776								366,183								(36,979	)			137,614
Accruing loans past due 90 days or more [2]		$	226,387							$	228,960							$	219,860							$	(2,573	)		$	6,527
Ratios:
Non-performing assets to total assets			0.66	%							0.72	%							0.49	%
Non-performing loans held-in-portfolio to loans held-in-portfolio			1.17								1.27								0.84
Allowance for credit losses to loans held-in-portfolio			2.10								2.05								2.05
Allowance for credit losses to non-performing loans, excluding loans held-for-sale			179.81								162.15								242.67

[1] There were no non-performing loans held-for-sale as of March 31, 2026, December 31, 2025 and March 31, 2025.

[2] 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. The balance of these loans includes $8 million at March 31, 2026, related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below (December 31, 2025 - $8 million; March 31, 2025 - $7 million). Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to the repurchase option are required to be reflected (rebooked) on the financial statements of BPPR with an offsetting liability. These balances include $43 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of March 31, 2026 (December 31, 2025 - $47 million; March 31, 2025 - $57 million). Furthermore, the Corporation has approximately $26 million reverse mortgage loans which are guaranteed by FHA, as of March 31, 2026. Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets (December 31, 2025 - $27 million; March 31, 2025 - $30 million).

Popular, Inc.

Financial Supplement to First Quarter 2026 Earnings Release

Table M - Activity in Non-Performing Loans

(Unaudited)

Commercial loans held-in-portfolio:
		Quarter ended												Quarter ended
		31-Mar-26												31-Dec-25
(In thousands)		BPPR				Popular U.S.				Popular, Inc.				BPPR				Popular U.S.				Popular, Inc.
Beginning balance NPLs		$	244,285			$	22,154			$	266,439			$	236,081			$	16,796			$	252,877
Plus:
New non-performing loans			5,004				3,205				8,209				15,528				6,272				21,800
Advances on existing non-performing loans			—				170				170				(2,312	)			31				(2,281	)
Less:
Non-performing loans transferred to OREO			(650	)			—				(650	)			—				—				—
Non-performing loans charged-off			(11,661	)			(3	)			(11,664	)			(3,027	)			(17	)			(3,044	)
Loans returned to accrual status / loan collections			(10,336	)			(1,053	)			(11,389	)			(1,985	)			(928	)			(2,913	)
Ending balance NPLs		$	226,642			$	24,473			$	251,115			$	244,285			$	22,154			$	266,439
Mortgage loans held-in-portfolio:
		Quarter ended												Quarter ended
		31-Mar-26												31-Dec-25
(In thousands)		BPPR				Popular U.S.				Popular, Inc.				BPPR				Popular U.S.				Popular, Inc.
Beginning balance NPLs		$	132,373			$	13,422			$	145,795			$	139,958			$	27,809			$	167,767
Plus:
New non-performing loans			38,457				2,528				40,985				32,689				4,193				36,882
Advances on existing non-performing loans			—				11				11				—				—				—
Less:
Non-performing loans transferred to OREO			(2,461	)			—				(2,461	)			(5,794	)			—				(5,794	)
Non-performing loans charged-off			(540	)			(21	)			(561	)			273				—				273
Loans returned to accrual status / loan collections			(38,462	)			(6,240	)			(44,702	)			(34,753	)			(18,580	)			(53,333	)
Ending balance NPLs		$	129,367			$	9,700			$	139,067			$	132,373			$	13,422			$	145,795
Total non-performing loans held-in-portfolio (excluding consumer):
		Quarter ended												Quarter ended
		31-Mar-26												31-Dec-25
(In thousands)		BPPR				Popular U.S.				Popular, Inc.				BPPR				Popular U.S.				Popular, Inc.
Beginning balance NPLs		$	376,658			$	35,576			$	412,234			$	376,039			$	44,605			$	420,644
Plus:
New non-performing loans			43,461				5,733				49,194				48,217				10,465				58,682
Advances on existing non-performing loans			—				181				181				(2,312	)			31				(2,281	)
Less:
Non-performing loans transferred to OREO			(3,111	)			—				(3,111	)			(5,794	)			—				(5,794	)
Non-performing loans charged-off			(12,201	)			(24	)			(12,225	)			(2,754	)			(17	)			(2,771	)
Loans returned to accrual status / loan collections			(48,798	)			(7,293	)			(56,091	)			(36,738	)			(19,508	)			(56,246	)
Ending balance NPLs		$	356,009			$	34,173			$	390,182			$	376,658			$	35,576			$	412,234

Popular, Inc.

Financial Supplement to First Quarter 2026 Earnings Release

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

(Unaudited)

		Quarters ended
(In thousands)		31-Mar-26				31-Dec-25				31-Mar-25
Balance at beginning of period - loans held-in-portfolio		$	808,056			$	786,220			$	746,024
Provision for credit losses			75,689				71,426				65,218
Initial allowance for credit losses - PCD Loans			7				2				9
			883,752				857,648				811,251
Net loans charge-off (recovered)- BPPR
Commercial:
Commercial multi-family			(2	)			(2	)			(2	)
Commercial real estate non-owner occupied			11,115				5				(595	)
Commercial real estate owner occupied			(355	)			(683	)			(406	)
Commercial and industrial			731				4,893				(1,528	)
Total Commercial			11,489				4,213				(2,531	)
Construction			(11	)			(31	)			—
Mortgage			(2,316	)			(3,000	)			3,272
Leasing			2,569				2,724				(2,497	)
Consumer:
Credit cards			16,053				13,558				16,429
Home equity lines of credit			(91	)			(145	)			(114	)
Personal			17,949				18,279				18,338
Auto			12,826				12,914				13,487
Other Consumer			522				659				718
Total Consumer			47,259				45,265				48,858
Total net charged-off BPPR		$	58,990			$	49,171			$	47,102
Net loans charge-off (recovered) - Popular U.S.
Commercial:
Commercial multi-family			—				(38	)			(1	)
Commercial real estate owner occupied			(115	)			(78	)			(511	)
Commercial and industrial			(15	)			(218	)			925
Total Commercial			(130	)			(334	)			413
Construction			—				(125	)			—
Mortgage			(28	)			(35	)			(185	)
Consumer:
Home equity lines of credit			(234	)			(26	)			(237	)
Personal			1,422				154				1,989
Other Consumer			3				787				21
Total Consumer			1,191				915				1,773
Total net charged-off Popular U.S.		$	1,033			$	421			$	2,001
Total loans net charged-off - Popular, Inc.		$	60,023			$	49,592			$	49,103
Balance at end of period - loans held-in-portfolio		$	823,729			$	808,056			$	762,148
Balance at beginning of period - unfunded commitments		$	14,438			$	13,823			$	15,470
Provision for credit losses (benefit)			109				615				(1,301	)
Balance at end of period - unfunded commitments [1]		$	14,547			$	14,438			$	14,169
POPULAR, INC.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio			0.61	%			0.51	%			0.53	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs			126.10	%			144.03	%			132.82	%
BPPR
Annualized net charge-offs (recoveries) to average loans held-in-portfolio			0.85	%			0.72	%			0.72	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs			124.25	%			145.89	%			111.86	%
Popular U.S.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio			0.04	%			0.01	%			0.07	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs			231.46	%			(73.16	)%			626.09	%

[1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

Popular, Inc. 

Financial Supplement to First Quarter 2026 Earnings Release 

Table O - Allowance for Credit Losses “ACL”- Loan Portfolios - BPPR Operations 

(Unaudited) 

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	%
31-Dec-25
BPPR
(Dollars in thousands)		Total ACL				Total loans held-in-portfolio				ACL to loans held-in-portfolio
Commercial:
Commercial multi-family		$	3,871			$	303,348				1.28	%
Commercial real estate - non-owner occupied			44,149				3,395,130				1.30	%
Commercial real estate - owner occupied			34,722				1,196,593				2.90	%
Commercial and industrial			163,877				5,970,073				2.74	%
Total commercial		$	246,619			$	10,865,144				2.27	%
Construction			4,488				357,541				1.26	%
Mortgage			70,674				7,347,967				0.96	%
Leasing			18,620				2,001,365				0.93	%
Consumer:
Credit cards			91,124				1,256,731				7.25	%
Home equity lines of credit			58				1,908				3.04	%
Personal			97,804				1,836,402				5.33	%
Auto			180,364				3,819,812				4.72	%
Other			8,169				171,758				4.76	%
Total consumer		$	377,519			$	7,086,611				5.33	%
Total		$	717,920			$	27,658,628				2.60	%

Variance
(Dollars in thousands)		Total ACL				Total loans held-in-portfolio				ACL to loans held-in-portfolio
Commercial:
Commercial multi-family		$	833			$	39,743				0.09	%
Commercial real estate - non-owner occupied			4,732				(2,939	)			0.14	%
Commercial real estate - owner occupied			681				(48,382	)			0.18	%
Commercial and industrial			16,103				(29,808	)			0.29	%
Total commercial		$	22,349			$	(41,386	)			0.21	%
Construction			1,279				55,238				0.14	%
Mortgage			3,087				87,778				0.03	%
Leasing			(32	)			(15,200	)			0.01	%
Consumer:
Credit cards			(1,748	)			(42,539	)			0.11	%
Home equity lines of credit			9				(10	)			0.49	%
Personal			(347	)			14,662				(0.07	)%
Auto			(9,820	)			(35,908	)			(0.21	)%
Other			(462	)			(4,350	)			(0.16	)%
Total consumer		$	(12,368	)		$	(68,145	)			(0.13	)%
Total		$	14,315			$	18,285				0.05	%

Popular, Inc. 

Financial Supplement to First Quarter 2026 Earnings Release 

Table P - Allowance for Credit Losses “ACL”- Loan Portfolios - POPULAR U.S. Operations 

(Unaudited) 

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	%

31-Dec-25
Popular U.S.
(Dollars in thousands)		Total ACL				Total loans held-in-portfolio				ACL to loans held-in-portfolio
Commercial:
Commercial multi-family		$	15,474			$	2,152,442				0.72	%
Commercial real estate - non-owner occupied			14,568				2,148,154				0.68	%
Commercial real estate - owner occupied			13,729				1,956,487				0.70	%
Commercial and industrial			17,057				2,637,339				0.65	%
Total commercial		$	60,828			$	8,894,422				0.68	%
Construction			9,338				1,317,358				0.71	%
Mortgage			9,880				1,301,473				0.76	%
Consumer:
Credit cards			—				(14	)			-	%
Home equity lines of credit			1,277				76,784				1.66	%
Personal			8,808				69,826				12.61	%
Other			5				9,041				0.06	%
Total consumer		$	10,090			$	155,637				6.48	%
Total		$	90,136			$	11,668,890				0.77	%

Variance
(Dollars in thousands)		Total ACL				Total loans held-in-portfolio				ACL to loans held-in-portfolio
Commercial:
Commercial multi-family		$	(109	)		$	(68,238	)			0.02	%
Commercial real estate - non-owner occupied			697				3,106				0.03	%
Commercial real estate - owner occupied			1,984				107,658				0.06	%
Commercial and industrial			439				(12,045	)			0.02	%
Total commercial		$	3,011			$	30,481				0.04	%
Construction			55				(55,944	)			0.03	%
Mortgage			(17	)			(24,857	)			0.01	%
Consumer:
Credit cards			—				21				-	%
Home equity lines of credit			(166	)			1,082				(0.23	)%
Personal			(1,526	)			(7,609	)			(0.91	)%
Other			1				725				-	%
Total consumer		$	(1,691	)		$	(5,781	)			(0.88	)%
Total		$	1,358			$	(56,101	)			0.02	%

Popular, Inc.

Financial Supplement to First Quarter 2026 Earnings Release

Table Q - Allowance for Credit Losses “ACL”- Loan Portfolios - Consolidated

(Unaudited)

31-Mar-26
(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	%

31-Dec-25
(Dollars in thousands)		Total ACL				Total loans held-in-portfolio				ACL to loans held-in-portfolio
Commercial:
Commercial multi-family		$	19,345			$	2,455,790				0.79	%
Commercial real estate - non-owner occupied			58,717				5,543,284				1.06	%
Commercial real estate - owner occupied			48,451				3,153,080				1.54	%
Commercial and industrial			180,934				8,607,412				2.10	%
Total commercial		$	307,447			$	19,759,566				1.56	%
Construction			13,826				1,674,899				0.83	%
Mortgage			80,554				8,649,440				0.93	%
Leasing			18,620				2,001,365				0.93	%
Consumer:
Credit cards			91,124				1,256,717				7.25	%
Home equity lines of credit			1,335				78,692				1.70	%
Personal			106,612				1,906,228				5.59	%
Auto			180,364				3,819,812				4.72	%
Other			8,174				180,799				4.52	%
Total consumer		$	387,609			$	7,242,248				5.35	%
Total		$	808,056			$	39,327,518				2.05	%

Variance
(Dollars in thousands)		Total ACL				Total loans held-in-portfolio				ACL to loans held-in-portfolio
Commercial:
Commercial multi-family		$	724			$	(28,495	)			0.04	%
Commercial real estate - non-owner occupied			5,429				167				0.10	%
Commercial real estate - owner occupied			2,665				59,276				0.05	%
Commercial and industrial			16,542				(41,853	)			0.21	%
Total commercial		$	25,360			$	(10,905	)			0.13	%
Construction			1,334				(706	)			0.08	%
Mortgage			3,070				62,921				0.03	%
Leasing			(32	)			(15,200	)			0.01	%
Consumer:
Credit cards			(1,748	)			(42,518	)			0.11	%
Home equity lines of credit			(157	)			1,072				(0.22	)%
Personal			(1,873	)			7,053				(0.12	)%
Auto			(9,820	)			(35,908	)			(0.21	)%
Other			(461	)			(3,625	)			(0.17	)%
Total consumer		$	(14,059	)		$	(73,926	)			(0.14	)%
Total		$	15,673			$	(37,816	)			0.05	%

Popular, Inc. 

Financial Supplement to First Quarter 2026 Earnings Release

Table R - Reconciliation to GAAP Financial Measures

(Unaudited) 

(In thousands, except share or per share information)		31-Mar-26				31-Dec-25				31-Mar-25
Total stockholders’ equity		$	6,311,086			$	6,249,079			$	5,799,695
Less: Preferred stock			(22,143	)			(22,143	)			(22,143	)
Less: Goodwill			(789,954	)			(789,954	)			(802,954	)
Less: Other intangibles			(4,692	)			(5,076	)			(6,229	)
Total tangible common equity		$	5,494,297			$	5,431,906			$	4,968,369
Total assets		$	76,131,018			$	75,348,267			$	74,038,606
Less: Goodwill			(789,954	)			(789,954	)			(802,954	)
Less: Other intangibles			(4,692	)			(5,076	)			(6,229	)
Total tangible assets		$	75,336,372			$	74,553,237			$	73,229,423
Tangible common equity to tangible assets			7.29	%			7.29	%			6.78	%
Common shares outstanding at end of period			64,654,788				65,719,385				68,984,148
Tangible book value per common share		$	84.98			$	82.65			$	72.02
		Quarterly average
Total stockholders’ equity		$	6,289,337			$	6,938,571	[1]		$	6,670,706	[1]
Less: Preferred Stock			(22,143	)			(22,143	)			(22,143	)
Less: Goodwill			(789,954	)			(789,954	)			(802,953	)
Less: Other intangibles			(4,944	)			(5,328	)			(6,585	)
Total tangible equity before adjusting for the impact of unrealized losses on AFS securities including those transferred to HTM		$	5,472,296			$	6,121,146			$	5,839,025
Return on average tangible common equity before adjusting for the impact of unrealized losses on AFS securities including those transferred to HTM			18.18	%			15.14	%			12.30	%
Add: Average unrealized losses on AFS securities			743,809				56,761				116,987
Add: Average unrealized losses on AFS securities transferred to HTM			221,114				259,058				370,695
Total tangible equity after add back of impact of unrealized losses on AFS securities, including those transferred to HTM		$	6,437,219			$	6,436,965			$	6,326,707
Return on average tangible common equity after add back of impact of unrealized losses on AFS securities including those transferred to HTM (‘‘ROTCE’’)			15.46	%			14.39	%			11.36	%

[1] Average balances exclude certain unrealized gains or losses on debt securities available-for-sale.

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

Exhibit 99.2 Investor Presentation First 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, 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 and our Form 10-Q for the quarter ended March 31, 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 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 SIMPLE AND EFFICIENT Deliver solutions faster, improve productivity, and reduce costs 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

Q1 2026 Highlights Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q1 2026 Q4 2025 Change Q1 2025 Highlights: Net Income $ 246 $ 234 $ 12 $ 178• Net income increased $12 million to $246 million 1 • Net interest income increased $13 million to $670 million driven by Adjusted Net Income 246 224 22 178 Net Interest Margin (NIM) 3.66% 3.61% 0.05% 3.40% lower deposit costs, mainly P.R. public deposits 2 • NIM of 3.66% increased 5 bps; FTE NIM expanded 11 bps to 4.14% Net Interest Margin FTE 4.14% 4.03% 0.11% 3.73% • Loans held in portfolio decreased by $38 million driven by Popular Total Deposit Costs 1.56% 1.68% (0.12%) 1.83% U.S. EPS $ 3.78 $ 3 .53 $ 0.25 $ 2.56 • Total deposits increased $1.4 billion or 2.2% driven by retail and Financial Ratios commercial deposits in BPPR; excluding P.R. public deposits, customer deposits increased by $1.2 billion or 1.8% ROA 1.29% 1.23% 0.06% 0.96% 3 • Total deposit costs decreased 12 bps driven by P.R. public deposits ROTCE 15.46% 14.39% 1.07% 11.36% costs • NPLs decreased $40 million to $458 million; NPL ratio at 1.17% vs. Ending Balances 1.27% in Q4 Loans Held in Portfolio $ 39,290 $ 39,328 $ (38) $ 3 7,254 • NCO Ratio of 0.61% vs. 0.51% in Q4 Total Assets 76,131 75,348 783 74,039 • Tangible book value per share increased $2.33 or 2.8% to $84.98 Total Deposits 67,611 66,190 1,421 65,819 • Common Equity Tier 1 increased 20 bps to 15.92% Borrowings 1,120 1,449 (329) 1,090 • ROTCE of 15.46% vs. 14.39% in Q4 Credit Quality Capital Actions: Non-Performing Loans (NPLs) $ 458 $ 498 $ ( 40) $ 314 • Repurchased $155 million in common stock at an average price of NPL Ratio 1.17% 1.27% (0.10%) 0.84% $134.31 per share and paid quarterly common stock dividend of NCO Ratio 0.61% 0.51% 0.10% 0.53% $0.75 per share ACL-NPL Ratio 180% 162% 18% 243% - $126 million remained under our active common stock repurchase authorization as of March 31, 2026 Capital Common Equity Tier 1 15.92% 15.72% 0.20% 16.11% Tangible Book Value Per Share $ 84.98 $ 82.65 $ 2.33 $ 72.02 See Slide 15 for footnotes 4 Differences due to rounding

Q1 2026 Business Highlights BPPR Popular U.S. ($ in millions) Q1 2026 Q4 2025 Change Q1 2025 ($ in millions) Q1 2026 Q4 2025 Change Q1 2025 Net Income $ 204 $ 190 $ 14 $ 166 Net Income $ 37 $ 33 $ 4 $ 15 Net Interest Margin 3.85% 3.78% 0.07% 3.63% Net Interest Margin 3.15% 3.11% 0.04% 2.74% Loans Held in Portfolio 27,647 27,628 19 26,093 Loans Held in Portfolio 11,613 11,669 (56) 11,129 P.R. Public Deposits 19,669 19,419 250 19,622 Total Deposits 12,231 12,034 197 11,953 Total Deposits 55,887 54,741 1 ,146 54,647 Total Deposit Costs 2.69% 2.85% (0.16%) 3.09% Total Deposit Costs 1.31% 1.42% (0.11%) 1.55% Borrowings 467 792 ( 325) 431 Borrowings 57 62 (5) 66 Highlights: Highlights: • Loans held in portfolio decreased $56 million: • Loans held in portfolio increased $19 million: ‐ commercial and construction loans decreased $26 million ‐ mortgage loans increased $87 million ‐ mortgage loans decreased $24 million ‐ commercial and construction loans increased $15 million ‐ personal loans increased $14 million • NIM increased 4 bps to 3.15%: ‐ auto loans and leases decreased $51 million ‐ loan yields decreased 6 bps to 6.08% ‐ credit cards decreased $43 million ‐ total deposit costs decreased 16 bps to 2.69% • NIM increased 7 bps to 3.85%: • Borrowings decreased $325 million due to lower FHLB advances ‐ investment securities yields increased 4 bps to 2.68% ‐ loan yields decreased 2 bps to 7.72% ‐ total deposit costs decreased 11 bps to 1.31% ‐ P.R. public deposit costs decreased 31 bps to 2.66% ‐ excluding P.R. public deposits, total deposit costs decreased 1 bp Differences due to rounding 5

Financial Summary Quarterly Results (unaudited) ($ in thousands, except EPS) Q1 2026 Q4 2025 Variance Net interest income $ 6 70,180 $ 657,552 $ 12,628 Provision for credit losses 75,886 72,016 3,870 Net interest income after provision for credit losses $ 594,294 $ 585,536 $ 8 ,758 Banking fees 1 11,636 113,472 ( 1,836) Asset management and insurance fees 30,051 31,944 ( 1,893) Mortgage banking activities 4,213 3,624 589 Other operating income 19,726 17,246 2 ,480 Total non-interest income $ 165,626 $ 166,286 $ ( 660) Total personnel costs 2 16,069 230,158 (14,089) Technology and software expenses 89,139 86,124 3 ,015 Professional fees 25,553 29,357 (3,804) Business promotions 22,860 29,919 ( 7,059) Transactional services 39,087 38,336 751 Net occupancy 27,299 27,772 ( 473) Other operating expenses 47,303 31,540 1 5,763 Total operating expenses $ 4 67,310 $ 473,206 $ (5,896) Income before income tax 2 92,610 278,616 1 3,994 Income tax expense 46,936 4 4,716 2 ,220 Net income $ 245,674 $ 233,900 $ 11,774 EPS $ 3.78 $ 3.53 $ 0.25 1 ROTCE 15.46% 14.39% 1.07% See Slide 15 for footnotes 6 Differences due to rounding

Net Interest Income and NIM Dynamics Quarter Highlights: Earning Assets 1 (ending balances, $ in billions) • Net interest income increased by $13 million to $670 million $72.8 $72.9 $72.1 $71.8 $70.8 0.1 4 • Net interest margin increased 5 bps to 3.66% 70.0 0 $39.3 $38.2 $38.7 $39.3 $37.3 0.1 2 ‐ Primarily driven by lower cost of P.R. public deposits by 31 bps 60.0 0 0.1 • Net interest margin FTE of 4.14% increased 11 bps 50.0 0 7.48% 7.50% 7.49% 7.51% 7.53% 0.0 8 40.0 0 ‐ Money market and investment securities yields (FTE) increased 0.0 6 3 bps to 3.54% 30.0 0 $34.6 $33.6 $33.6 $33.1 $32.8 0.0 4 20.0 0 • Money market and investment securities increased $804 million to 0.0 2 $33.6 billion, representing 46% of earning assets 10.0 0 3.50% 3.59% 3.51% 3.54% 3.38% - 0 • Total deposits increased by $1.4 billion. Average total deposits Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 increased $1.1 billion. Excluding P.R. public deposits, average Loan balances customer deposits increased $384 million Money market and investment securities Loan yields (FTE) Money market and investment securities yields (FTE) Net Interest Income and NIM Sources of Funds ($ in millions) 1 (ending balances, $ in billions) $68.7 $68.6 $670 $67.8 $67.6 $658 $66.9 $647 $632 0.06 00 0.0 7 $606 $20.9 $19.7 600 60.0 0 $20.1 $19.4 $19.6 0.0 6 0.05 00 500 50.0 0 0.0 5 5.63% 5.65% 5.66% 5.57% 0.04 00 5.49% 3.32% 3.22% 3.19% 400 40.0 0 2.97% 0.0 4 2.66% 0.03 00 4.14% 4.03% 300 3.90% 30.0 0 3.85% 0.0 3 3.73% 0.02 00 $47.9 $46.2 $46.3 $46.4 $46.8 200 20.0 0 0.0 2 0.01 00 100 0.0 1 10.0 0 1.76% 1.72% 1.73% 1.62% 1.52% 1.17% 1.17% 1.15% 1.14% 1.09% - 0 - - Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Net interest income NIM (FTE) Earning assets yields (FTE) Cost of funds Deposits, excl P.R. public deposits P.R. public deposits Borrowings P.R. public deposit costs Deposit Costs, excl P.R. public deposit costs See Slide 15 for footnotes 7 Differences due to rounding

Non-Interest Income Quarter Highlights: Change vs. • Non-interest income of $166 million Q4 Q1 ($ in millions) Q1 2026 Q4 2025 Variance Q1 2025 remained flat when compared to Q4 2025 2025 • Non-interest income increased 9% YoY Service charges on deposits $ 38.8 $ 38.9 $ (0.1) $ 39.1 (0%) (1%) Debit card fees 30.0 30.4 (0.4) 26.4 (1%) 14% ‐ Debit card fees increased 14% to Credit card fees 32.0 32.8 (0.8) 30.1 (2%) 6% $30 million and credit card fees Other fees 10.9 11.4 (0.5) 11.4 (5%) (4%) increased 6% to 32 million Banking fees $ 111.6 $ 113.5 $ (1.8) $ 107.0 (2%) 4% ‐ Asset management and insurance Insurance fees 12.5 14.5 (1.9) 11.3 (13%) 11% fees increased 13% to $30 million Brokerage and asset management fees 10.2 10.2 (0.0) 9.0 (0%) 14% Trust fees 7.3 7.3 0.1 6.3 1% 16% Asset management and insurance fees $ 30.1 $ 31.9 $ (1.9) $ 26.6 (6%) 13% Mortgage banking activities 4.2 3.6 0.6 3.7 16% 14% Other operating income 19.7 17.2 2.5 14.8 14% 33% Non-interest income $ 165.6 $ 166.3 $ (0.7) $ 152.1 (0%) 9% Non-Interest Income ($ in millions) $171 $168 180 .00 180 .00 $166 $166 $152 160 .00 160 .00 140 .00 140 .00 120 .00 120 .00 100 .00 100 .00 80.0 0 80.0 0 60.0 0 60.0 0 40.0 0 40.0 0 20.0 0 20.0 0 - - Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Banking fees Asset management and insurance 8 Other operating income Mortgage banking activities Differences due to rounding

Operating Expenses Quarter Highlights: Change vs. • Operating expenses of $467 million Q4 Q1 decreased by $6 million compared to Q4 ($ in millions) Q1 2026 Q4 2025 Variance Q1 2025 2025 2025 ‐ Lower personnel cost due to Q4 profit Salaries 134.8 139.7 $ $ $ (4.9) $ 130.9 (3%) 3% sharing of $12.8 million and lower Commissions and incentives 33.7 49.2 (15.5) 38.0 (31%) (11%) salaries due to fewer days in Q1; and Pension, postretirement and other 47.6 41.3 6.3 43.8 15% 9% ‐ lower operational expenses across $ $ $ $ Total personnel costs 216.1 230.2 (14.1) 212.7 (6%) 2% most categories, partially offset by the Technology and software 3.0 83.7 89.1 86.1 4% 7% $15.3 million FDIC special assessment Professional fees (3.8) 26.8 (13%) (5%) 25.6 29.4 reversal in Q4 Business promotion (24%) (3%) 22.9 29.9 (7.1) 23.7 • Operating expenses decreased 1% YoY Transactional services 2% 3% 39.1 38.3 0.8 37.8 Net occupancy (2%) 0% 27.3 27.8 (0.5) 27.2 Other operating expenses 47.3 31.5 15.8 59.2 50% (20%) Operating expenses $ 467.3 $ 473.2 $ (5.9) $ 471.0 (1%) (1%) Operating Expenses ($ in millions) $495 $493 $471 $473 $467 500 .00 500 .00 400 .00 400 .00 300 .00 300 .00 200 .00 200 .00 100 .00 100 .00 - - Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Personnel costs Technology and professional fees Net occupancy and other expenses Business promotion and transactional services 9 Differences due to rounding

Capital Quarter Highlights: • Repurchased $155 million in common stock at an average price of $134.31 per share and paid quarterly common stock dividend of $0.75 per share - Since January 1, 2024, we have repurchased $874 million in common stock - $126 million remained under our active common stock repurchase authorization as of March 31, 2026 1 • Popular, Inc. TCE of 7.29% flat compared to Q4 Regulatory Capital Stack as of Q1 2026 Common Equity Tier 1 4.38% 1.73% 17.71% 15.92% 0.05% (1.12%) (2.25%) 16.30% 15.92% (1.39%) Q4-23 Net income Dividends Repurchases RWA and other Q1-26 CET1 Additional Tier 1 Tier 2 Total Capital Popular, Inc. BPPR Q1 2025 Q4 2025 Q1 2026 Q1 2025 Q4 2025 Q1 2026 17.01% 16.96% 16.85% 0.1 8 17.91% 15.70% 15.75% 15.70% 15.75% 17.71% 15.59% 15.59% 17.50% 0.1 6 0.1 8 16.11% 16.16% 15.98% 15.72% 15.92% 15.77% 0.1 6 0.1 4 0.1 4 0.1 2 0.1 2 0.1 0.1 8.50% 8.69% 8.60% 7.52% 7.39% 7.20% 0.0 8 7.29% 7.29% 6.78% 0.0 8 5.64% 5.62% 4.91% 0.0 6 0.0 6 0.0 4 0.0 4 0.0 2 0.0 2 0 0 Common Equity Tier 1 Risk-Based Total Risk-Based Tier 1 Leverage TCE Common Equity Tier 1 Risk-Based Total Risk-Based Tier 1 Leverage TCE Tier 1 Capital Capital Capital Tier 1 Capital Capital Capital See Slide 15 for footnotes 10 Differences due to rounding

Non-Performing Assets Quarter Highlights: Non-Performing Assets • Non-Performing Assets (NPAs) and Non-Performing Loans ($ in millions) (NPLs) decreased by $37 million and $40 million, respectively 600 0.040000000 $545 $541 $504 • NPL inflows decreased by $9 million, driven by lower 0.035000000 500 $435 $424 $412 commercial inflows by $13 million, partially offset by higher $408 0.030000000 $366 $358 400 mortgage inflows by $4 million 0.025000000 • BPPR NPLs decreased by $39 million to $420 million, mainly 300 0.020000000 driven by lower commercial and consumer NPLs by $18 million 0.015000000 200 each 0.7% 0.7% 0.7% 0.010000000 0.6% 0.6% 0.6% 0.6% 0.5% 0.5% 100 • Popular U.S. NPLs decreased by $2 million to $38 million 0.005000000 0.000000000 0 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 NPLs OREO NPAs/Total Assets Non-Performing Loans NPL Inflows ($ in millions) ($ in millions) 600 0.04 400 $502 $498 0.035 500 $458 300 0.03 $247 $361 $354 $351 400 $342 0.025 $314 $312 200 300 0.02 1.3% 1.3% 1.2% 0.015 1.0% 200 1.0% 1.0% 0.9% 0.8% 0.8% $69 $67 100 0.01 $60 $61 $59 $50 $45 $41 100 0.005 0 0 0 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Popular U.S. BPPR Total Commercial and Construction Mortgage Other NPLs/Loans 11 Differences due to rounding

NCOs and Allowance for Credit Losses Quarter Highlights: • NCOs increased $10 million to $60 million, mainly driven by a BPPR commercial real estate loan classified as NPL in the third quarter of 2025. NCO Ratio increased 10 bps to 0.61%. NCOs in Q4 included $5 million in recoveries from the sale of previously charged-off auto loans and credit cards. Excluding these recoveries, NCO Ratio was 0.57% in Q4 • ACL increased $16 million to $824 million, mainly driven by higher reserves for commercial loans, partially offset by a decrease in the reserve for auto loans. ACL-to-Loans Ratio at 2.10% vs. 2.05% in Q4 Allowance for Credit Losses ACL Movement ($ in millions) ($ in millions) Reserve Reserve 830 $8 $824 $34 Balance Build Balance Build Balance ACL/Loan $808 810 Portfolios Q1 2025 (Release) Q4 2025 (Release) Q1 2026 Q1 2026 790 $34 Commercial $ 279 $ 42 $ 321 $ 27 $ 348 1.62% 770 Mortgage 84 (3) 81 3 84 0.96% 750 Leases 20 (2) 19 (0) 19 0.94% $(60) 730 Consumer: 379 9 388 (14) 374 5.21% 710 Credit Cards 97 (5) 91 (2) 89 7.36% 690 Personal Loans 103 5 108 (2) 106 5.31% 670 Auto 172 8 180 (10) 171 4.51% 650 Other 7 1 8 (0) 8 4.35% NCOs Consumer Changes Q1 2026 ACL Consumer Commercial Economic NCOs Q1 2026 Q4 2025 Q4 2025 ACL Commercial Changes Economic Scenarios and… Total ACL $ 762 $ 46 $ 808 $ 16 $ 824 2.10% portfolio scenario and portfolio ACL ACL qualitative NCOs and NCO-to-Loans Ratio Consumer NCOs by Loan Portfolio ($ in millions) ($ in millions) $62 75 $67 70 4.0 0% $63 5.0 0% $60 $59 $58 $58 65 60 $55 $54 $50 $51 $49 $49 55 $48 3.0 0% $46 50 $44 4.0 0% $42 3.56% $42 45 3.26% 3.16% 40 2.0 0% 2.85% 2.80% 35 2.69% 3.0 0% 2.56% 30 2.46% 2.33% 25 0.74% 0.71% 0.65% 0.61% 0.60% 0.61% 0.53% 1.0 0% 20 0.51% 0.45% 15 2.0 0% 10 5 0.0 0% - 1.0 0% (5 ) (10) (1 5) -1.00% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 0.0 0% (20) Commercial and Construction Mortgage Leases Consumer NCO% Credit Card Personal Auto Other NCO% 12

Driving Value 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 Franchise 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 • Continued to advance our strategic objectives • A growing number of initiatives are gaining traction simultaneously, and the pace of execution is accelerating. Recent examples include: Our Strategy ‐ Integrated marketplace in our digital banking platform connecting our retail and business customers ‐ Two new corporate credit cards designed to facilitate payments and optimize cash flow to our clients ‐ Targeted program for doctors, dentists and veterinarians • Repurchased $155 million in common stock at an average price of $134.31 per share and paid quarterly common stock dividend of $0.75 per share Capital Actions - $126 million remained under our active common stock repurchase authorization as of March 31, 2026 13

Guidance 2026 Guidance 2026 Guidance (GAAP Basis) Q1 2026 Update Commentary Net Interest Income 5%-7% increase for the year High-end of the guidance range Driven by higher volume of P.R. deposits Non-Interest Income $160 million - $165 million per quarter Unchanged NCOs 55 bps-70 bps annualized Unchanged Operating Expenses 3% increase for the year 2%-3% increase for the year Effective Tax Rate 15%-17% for the year Low-end of the guidance range Driven by higher exempt income Loan Growth 3%-4% for the year Low-end of the guidance range Driven by consumer loan demand in P.R. 14

Footnotes Slide 4: 1- Adjusted net income 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- 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 3- Return on average tangible common equity (“ROTCE”) represents a non-GAAP financial measure. See table R in the Corporation’s Q1 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 Slide 6: 1- Return on average tangible common equity (“ROTCE”) represents a non-GAAP financial measure. See table R in the Corporation’s Q1 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 Slide 7: 1- Balances are as of end of period Slide 10: 1- TCE ratio is defined as the ratio of tangible common equity to tangible assets. See table R in the Corporation’s Q1 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 15

Investor Presentation First Quarter 2026 Appendix

Corporate Structure Summary Corporate Structure Franchise Industry Financial Services Headquarters San Juan, Puerto Rico Assets = $76 billion Assets $76 billion (among top 50 Popular Holding Co. BHCs in the U.S.) Banco Popular Popular’s North (including Popular de Securities Insurance America, equity Puerto Rico LLC Subsidiaries Inc. investments) Loans $39 billion Popular Deposits $68 billion Bank Earnings Earnings Banking branches 153 in Puerto Rico, 36 in the U.S. (24 in New York and New Jersey and 12 in Puerto Rico Operations United States Operations Florida) and 9 in the U.S. Assets = $61 billion Assets = $15 billion and British Virgin Islands NASDAQ ticker symbol BPOP Selected equity investments: Banco BHD León under Corporate segment Market Cap $8.7 billion • Dominican Republic bank • 15.63% stake • 2025 net income of $306 million 17

Q1 2026 vs. Q4 2025 Business Segments Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q1 2026 Q4 2025 Variance Q1 2026 Q4 2025 Variance Net interest income $ 568 $ 555 $ 13 $ 112 $ 111 $ 1 Provision for credit losses 74 72 2 3 - 3 Net interest income after provision for credit losses 494 483 11 109 111 ( 2) Non-interest income 145 151 (6) 8 6 2 Operating expenses $ 402 $ 408 $ (6) $ 65 $ 66 $ (1) Income before income tax 237 226 11 52 51 1 Income tax expense 33 36 (3) 15 18 (3) Net income $ 204 $ 190 $ 14 $ 37 $ 33 $ 4 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q1 2026 Q4 2025 Variance Q1 2026 Q4 2025 Variance Total assets $ 60,786 $ 59,934 $ 852 $ 1 4,953 $ 15,062 $ ( 109) Total loans (HIP) 27,647 27,628 19 1 1,613 11,669 (56) Total deposits 55,887 54,741 1,146 12,231 12,034 197 Asset Quality BPPR Popular U.S. Q1 2026 Q4 2025 Variance Q1 2026 Q4 2025 Variance Non-performing loans held-in-portfolio / Total loans held- in-portfolio 1.52% 1.66% (0.14%) 0.33% 0.34% (0.01%) Non-performing assets / Total assets 0.77% 0.84% (0.07%) 0.26% 0.27% (0.01%) Allowance for credit losses / Total loans held-in-portfolio 2.65% 2.60% 0.05% 0.79% 0.77% 0.02% 18

Loan Composition and Yields Highlights: Loans Held-in-Portfolio Average • Loans held in portfolio decreased by $38 Yields (ending balances, million driven by Popular U.S. $ in millions) Q1 2026 Q4 2025 Variance Q1 2026 (FTE) • Average loan yields FTE at 7.53% increased Commercial $ 19,749 $ 19,760 $ (11) $ 19,723 6.77% by 2 bps 1,674 1,675 Construction (1) 1,697 8.14% 8,712 8,649 63 6.08% Mortgage 8,664 Auto loans and leases 5,779 5,830 (51) 5,877 8.66% Consumer 3,376 3,414 (38) 3,309 13.86% Total Loans $ 39,290 $ 39,328 $ (38) $ 39,270 7.53% Loan Composition (ending balances, $ in billions) 45.0 0 $39.3 $39.3 40.0 0 $37.1 $35.1 $3.4 $3.4 35.0 0 $32.1 $3.3 $3.3 $8.6 $8.7 30.0 0 $3.1 $8.1 $7.7 25.0 0 $7.4 $5.8 $5.8 $5.8 $5.4 20.0 0 $1.7 $1.7 $1.3 $5.1 $1.0 $0.8 15.0 0 10.0 0 $19.8 $19.7 $18.7 $17.7 $15.7 5.00 - 2022 2023 2024 2025 Q1 2026 Commercial Construction Auto loans and Leases Mortgage Consumer 19

Funding Profile and Deposit Composition Highlights: Funding Sources • Deposits at $67.6 billion in Q1, with P.R. public deposits at 19.7 (ending balances, $ in billions) billion, representing 30% of total deposits $1.1 • Total deposit costs, excluding P.R. public deposits, demonstrate the stability of core deposits, low cost and low betas $15.8 $19.7 • Total cost of deposits at 1.56% in Q1, decreased 12 bps, primarily from P.R. public deposits in BPPR and high-cost $67.6 deposits at Popular U.S. $8.7 • Borrowings at $1.1 billion, composed of long-term notes and $8.9 $14.6 FLHB advances • Deposits represent 98% of funding sources Non-interest bearing NOW & Money Market Savings Time deposits P.R. public deposits Borrowings Deposit Costs Trends Deposit Composition (ending balances, $ in billions) 0.04500000 3.69% 4.06% 0.04000000 80.0 0 3.32% 3.22% 0.03500000 3.19% $67.6 $66.2 $64.9 2.97% $63.6 70.0 0 $61.2 0.03000000 2.66% 60.0 0 $19.7 $19.4 0.02500000 $18.1 $19.5 $15.2 2.07% 50.0 0 1.68% 1.83% 1.78% 1.79% 0.02000000 1.68% $8.9 $6.8 $8.7 1.56% 40.0 0 $7.9 $8.4 0.01500000 30.0 0 $14.7 $14.6 $14.4 $14.6 $14.2 0.67% 0.01000000 20.0 0 $8.5 $8.7 $7.7 $7.7 $8.4 1.23% 1.17% 1.17% 1.15% 1.14% 1.09% 0.39% 0.00500000 0.91% 10.0 0 $16.0 $15.4 $15.1 $15.3 $15.8 0.29% 0.00000000 - 2022 2023 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 2022 2023 2024 2025 Q1 2026 Total deposit costs Total deposit costs excl P.R. public deposit costs P.R. public deposit costs Non-interest bearing NOW and Money market Savings Time deposits P.R. public deposits 20

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 30% of total deposits - P.R. public deposits are linked to market rates but respond with a lag to changes in three-month Treasury Bill yields • We expect that higher beta products in Popular U.S. will show similar elasticity to declining rates throughout the cycle Deposits by Type 6.00% Retail Int Bearing Deposits 90% 77% 5.00% 80% 70% 4.00% 60% 50% 3.00% 40% 23% 2.00% 30% 20% 1.00% 10% 0% 0.00% Retail - Int Bearing Fed Funds Target Non-Int Bearing Int Bearing Deposit Mix (by Type) Deposit Mix Retail Commercial Public Wholesale Non Int Bearing 8% 15% 0% 0% Int Bearing 31% 10% 30% 5% 6.00% Commercial Int Bearing Deposits Public Int Bearing Deposits 6.00% 5.00% 5.00% 4.00% 4.00% 3.00% 3.00% 2.00% 2.00% 1.00% 1.00% 0.00% 0.00% 21 Commercial - Int Bearing Fed Funds Target Public - Int Bearing Fed Funds Target Mar-17 Mar-17 Sep-17 Sep-17 Mar-18 Mar-18 Sep-18 Sep-18 Mar-19 Mar-19 Sep-19 Sep-19 Mar-20 Mar-20 Sep-20 Sep-20 Mar-21 Mar-21 Sep-21 Sep-21 Mar-22 Mar-22 Sep-22 Sep-22 Mar-23 Mar-23 Sep-23 Sep-23 Mar-24 Mar-24 Sep-24 Sep-24 Mar-25 Mar-25 Sep-25 Sep-25 Mar-26 Mar-26 Mar-17 Mar-17 Sep-17 Sep-17 Mar-18 Mar-18 Sep-18 Sep-18 Mar-19 Mar-19 Sep-19 Sep-19 Mar-20 Mar-20 Sep-20 Sep-20 Mar-21 Mar-21 Sep-21 Sep-21 Mar-22 Mar-22 Sep-22 Sep-22 Mar-23 Mar-23 Sep-23 Sep-23 Mar-24 Mar-24 Sep-24 Sep-24 Mar-25 Mar-25 Sep-25 Sep-25 Mar-26 Mar-26

Investment Portfolio Quarter Highlights: $ in millions Q1 2026 Variance to Q4 2025 Q4 2025 • Conservative investment portfolio, with the majority Maturity / Amortized % of Book Gain / Amortized Gain / invested in short to intermediate U.S. Treasuries, 1 Description Cost Portfolio Value (Loss) Yield WAL Cost (Loss) which are tax exempt in Puerto Rico Money Markets (Cash at Federal Reserve) $4,646 13.9% $4,646 $0 3.7% - $30 $0 • Investment portfolio duration 1.8 years; including U.S. T-bills 6,997 21.0% 6,997 0 3.4% 0.1 421 (0) cash, 1.6 years AFS U.S. Treasuries 10,067 30.1% 10,041 (26) 3.7% 1.5 933 (39) Agency MBS/CMO 5,574 14.1% 4,694 (879) 1.8% 6.5 (157) 1 • Market value of U.S. Treasuries held to maturity stood Total AFS 22,637 65.1% 2 1,733 (905) 3.2% 2.1 1,196 (38) at $6.9 billion, in line with their book value 2 U.S. Treasuries 7,164 20.7% 6,913 (246) 1.2% 1.4 (399) 47 HTM • Invested approximately $1.9 billion in U.S. Treasury Other 54 0.2% 54 - 1.4% 15.3 (5) - Total HTM 7,218 20.9% 6,967 (246) 1.2% 1.5 (404) 47 notes with an average duration of 2.6 years and a yield of approximately 3.69% Total Trading 31 0.1% 31 0 4.8% 6.4 (6) 0 Total Portfolio $34,532 100.0% $33,377 ($1,150) 2.9% 1.7 $815 $9 Maturities: US Treasury Notes (AFS & HTM) Maturity Profile 2,000 40% 1,800 35% Yield 35% 1,600 UST Legacy UST New 1.25% 3.79% 30% 1,400 24% 1,200 24% 25% 1,000 20% 800 15% 600 10% 10% 400 5% 4% 200 2% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% - 0% Jun-26 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 0 - 3 yrs 4 - 5 yrs 6 - 7 yrs 8 - 10 yrs U.S. T-bills U.S. Treasuries - AFS U.S. Treasuries - HTM Agency MBS/CMO UST Legacy UST New (Program Restarted in 2024) 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 $246 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 $118 million, $97 million for 2027 and the remaining amounts in 2028 and 2029. 22 Differences due to rounding $ Millions

Allowance for Credit Losses – Q1 2026 ACL Movement: ACL Movement • Moody’s baseline forecast shows strong 2026 U.S. ($ in millions) economic growth 830 $8 $824 $34 $808 810 • Increased reserves due to changes in employment 790 $34 variables, and incremental qualitative reserves for the 770 U.S. CRE segment 750 $(60) 730 • Commercial portfolio driven by higher reserves for NPLs 710 and loans modified with financial difficulties 690 • Consumer driven by loss history for the unsecured 670 650 personal loans and credit cards portfolios NCOs Consumer Changes Q1 2026 ACL Consumer Economic NCOs Commercial Q1 2026 Q4 2025 Q4 2025 ACL Commercial Changes Economic Scenarios and… Economic Scenarios: portfolio portfolio scenario and ACL ACL qualitative • Baseline scenario assigned the highest probability, followed by the S3 (pessimistic) scenario Economic Activity Unemployment Rates • The probability assigned to the S3 (pessimistic) scenario Projections Projections U.S. 2025 2026 2027 U.S. 2025 2026 2027 remains at elevated levels due to current uncertainty in 4Q25 Baseline 1.93% 2.05% 1.86% 4Q25 Baseline 4.22% 4.64% 4.67% the markets S1 - Stronger Growth 3.29% 2.58% S1 - Stronger Growth 3.83% 3.86% S3 - Recession (1.17%) 0.16% S3 - Recession 7.40% 8.07% • 2026 annualized GDP growth (baseline): 1Q26 Baseline 2.26% 2.93% 1.79% 1Q26 Baseline 4.28% 4.50% 4.42% ‐ P.R. increased to 1.02% from 0.58% S1 - Stronger Growth 3.60% 2.93% S1 - Stronger Growth 3.93% 3.53% S3 - Recession 0.76% (0.78%) S3 - Recession 6.47% 8.29% ‐ U.S. increased to 2.93% from 2.05% P.R. P.R. 4Q25 Baseline 0.57% 0.58% 0.33% 4Q25 Baseline 5.55% 6.06% 6.18% • 2026 forecasted average unemployment rate (baseline): S1 - Stronger Growth 1.06% 0.43% S1 - Stronger Growth 5.67% 5.77% S3 - Recession (0.73%) (0.03%) S3 - Recession 7.28% 7.67% ‐ P.R. remains near historically low levels at 5.94% 1Q26 Baseline 0.81% 1.02% 0.24% 1Q26 Baseline 5.56% 5.94% 6.01% S1 - Stronger Growth 1.28% 0.51% S1 - Stronger Growth 5.66% 5.54% ‐ U.S. is lower than previous period at 4.50% S3 - Recession 0.12% (0.47%) S3 - Recession 6.81% 7.67% 23

Commercial and Industrial Portfolio Highlights: Commercial and Industrial Portfolio ($ in millions) • Commercial and Industrial (“C&I”) credit quality $8,598 $8,555 $8,238 $8,037 remained stable 6.2% $7,689 8,000 $2,637 $2,625 $2,449 $2,494 ‐ NPLs at $192 million, impacted by a $155 million single 7,000 $2,445 2.31% 2.10% 2.06% relationship classified as NPL in Q3 2025 6,000 $5,961 5,000 $5,929 $5,744 $5,588 ‐ Low historical losses $5,244 3.1% 4,000 2.21% 2.12% 2.25% 1.92% 1.76% ‐ Allowance for credit losses (“ACL”) to loans held-in- 3,000 portfolio at 2.31% 2,000 1,000 0.13% 0.14% • Strong loan growth in 2025 following prudent lending 0 0.0% standards Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 • The portfolio is mainly concentrated on the following BPPR Popular U.S. NPL/Loans ACL/Loans industries: other services (mostly U.S. community association loans), finance and insurance, retail trade, public administration, and finance and insurance Commercial & Industrial Portfolio Balance by industry type Other 12% Information Credit Metrics 4% Other Services 24% Health Care and Metric Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Social Assistance 30-89 DPD/Loans 0.21% 0.27% 0.26% 0.25% 0.28% 4% Transportation and NPL/Loans 0.13% 0.14% 2.12% 2.21% 2.25% Warehousing NCO Ratio -0.03% 0.06% 0.07% 0.27% 0.03% 4% Accommodation ACL/Loans 1.92% 1.76% 2.06% 2.10% 2.31% and Food Services Finance and ACL/NPL 1475.92% 1237.57% 97.03% 95.02% 102.58% 4% Insurance Manufacturing 11% Classified Loans/Loans 4.67% 4.33% 6.22% 6.25% 6.23% 5% Wholesale Trade 6% Retail Trade Real Estate and 10% Public Rental and Leasing Administration 7% 9% 24

Non-Owner Occupied CRE Portfolio Highlights: Non-Owner Occupied CRE ($ in millions) • Non-Owner Occupied CRE (CRE NOO) exposure mainly in $5,541 $5,543 $5,521 $5,543 $5,463 retail, hotels and office space 5,000 $2,227 $2,191 $2,148 $2,151 • Office exposure limited to 1.7% of total loan portfolio and $2,160 1.16% 12% of CRE NOO: 1.08% 1.06% 1.06% 4,000 1.05% ‐ Office space mainly in mid-rise properties with 0.81% 0.77% 3,000 diversified tenants across both regions $3,392 $3,395 $3,303 $3,314 $3,330 2,000 ‐ Average loan size at approximately $3 million 0.30% 0.30% 0.60% 1,000 • Strong credit risk profile 0 0.0% ‐ NPLs at 0.60%, decreasing by $9 million, driven by an Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 $11 million charge-off related to a hotel property in Florida classified as NPL in Q3 2025 BPPR Popular U.S. NPL/Loans ACL/Loans ‐ Allowance for credit losses to loans held-in-portfolio at 1.16% Non-Owner Occupied CRE Balance by property type Other Health Facility 7% Credit Metrics 4% Retail Mixed use Metric Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 33% 6% 30-89 DPD/Loans 0.07% 0.06% 0.33% 0.08% 0.28% NPL/Loans 0.26% 0.25% 0.81% 0.77% 0.60% Industrial NCO Ratio -0.05% -0.03% 0.92% 0.00% 0.80% 8% ACL/Loans 1.05% 1.07% 1.08% 1.06% 1.16% ACL/NPL 410.78% 422.98% 133.36% 137.47% 191.80% Shelters Classified Loans/Loans 3.23% 4.08% 3.98% 3.43% 3.25% 11% Office Space 12% Hotels 19% 25

Multifamily Loan Portfolio Highlights: Multifamily Loans • 86% of the portfolio concentrated in Popular U.S. ($ in millions) $2,521 $2,521 $2,456 $2,427 $2,375 • Strong credit risk profile with low levels of delinquency, 2,500 1.6% NCOs and classified loans $2,214 $2,187 $2,152 $2,084 $2,067 1.4% 2,000 ‐ New York multifamily loan portfolio: 0.79% 1.2% 0.60% 0.67% 0.57% ‐ Represents $1.4 billion or 3.5% of our total loan 0.83% 1,500 1.0% portfolio 0.8% 1,000 ‐ Underwritten based on rental income at loan 0.45% 0.6% 0.43% 0.37% 0.36% 0.35% origination 0.4% 500 ‐ No exposure to rent controlled buildings 0.2% $343 $308 $306 $302 $303 0 0.0% ‐ Rent stabilized units represent less than 40% of the Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 total units in the loan portfolio with the majority originated after 2019 BPPR Popular U.S. NPL/Loans ACL/Loans Multifamily Loans Balance by state Other NJ 3% 4% PR 10% Credit Metrics Metric Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 30-89 DPD/Loans 0.23% 0.44% 0.16% 0.66% 0.67% NPL/Loans 0.37% 0.43% 0.35% 0.36% 0.45% NCO Ratio 0.00% 0.00% 0.00% -0.01% 0.00% NY FL 56% 27% ACL/Loans 0.57% 0.67% 0.67% 0.79% 0.83% ACL/NPL 153.90% 153.60% 191.90% 221.13% 183.08% Classified Loans/Loans 0.97% 1.27% 1.20% 1.09% 1.34% 26

P.R. Mortgage Loan Portfolio Highlights: • 44% 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 of approximately 70% • Delinquency and NCO levels for the period remained below the historical average benchmark. Delinquencies reflected significant improvements FICO Mix of Originations (Non-Conforming) Portfolio: Guaranteed vs. Non-Guaranteed (% of approved amount) ($ in millions) 78% 77% 74% 70% 67% 73% 73% 72% 76% $7,436 $7,348 8,00 0 0 0. .2 23 3 $7,233 0 0. .2 22 2 0 0. .2 21 1 $7,104 0 0. .2 20 0 759 761 0 0. .1 19 9 751 750 756 754 $6,946 0 0. .1 18 8 0 0. .1 17 7 736 741 $6,810 0 0. .1 16 6 734 $6,695 0 0. .1 15 5 0 0. .1 14 4 $6,591 0 0. .1 13 3 $6,484 0 0. .1 12 2 0 0. .1 11 1 0 0. .1 10 0 7,00 0 0 0. .0 09 9 0 0. .0 08 8 0 0. .0 07 7 0 0. .0 06 6 0 0. .0 05 5 $3,283 0 0. .0 04 4 0 0. .0 03 3 2% $3,168 0 0. .0 02 2 $3,038 0 0. .0 01 1 6% 5% 6% 5% 6% - (0.01) $2,902 ( (0 0. .0 01 2) ) ( (0 0. .0 02 3) ) 12% $2,765 ( (0 0. .0 04 3) ) ( (0 0. .0 05 4) ) 6,00 0 $2,630 ( (0 0. .0 05 6) ) 17% ( (0 0. .0 06 7) ) 18% $2,502 ( (0 0. .0 07 8) ) $2,399 ( (0 0. .0 08 9) ) ( (0 0. .1 00 9) ) $2,314 ( (0 0. .1 10 1) ) (0.11) ( (0 0. .1 12 2) ) ( (0 0. .1 13 3) ) 21% ( (0 0. .1 14 4) ) 31% ( (0 0. .1 15 5) ) 26% ( (0 0. .1 16 6) ) 29% 27% ( (0 0. .1 17 7) ) 29% ( (0 0. .1 18 8) ) 5,00 0 ( (0 0. .1 19 9) ) ( (0 0. .2 20 0) ) ( (0 0. .2 21 1) ) ( (0 0. .2 22 2) ) ( (0 0. .2 23 3) ) ( (0 0. .2 24 4) ) ( (0 0. .2 25 5) ) ( (0 0. .2 26 6) ) ( (0 0. .2 27 7) ) ( (0 0. .2 28 8) ) 38% ( (0 0. .2 29 9) ) ( (0 0. .3 30 0) ) 32% ( (0 0. .3 31 1) ) 4,00 0 ( (0 0. .3 32 2) ) 34% ( (0 0. .3 33 3) ) ( (0 0. .3 34 4) ) ( (0 0. .3 35 5) ) ( (0 0. .3 36 6) ) ( (0 0. .3 37 7) ) ( (0 0. .3 38 8) ) ( (0 0. .3 39 9) ) ( (0 0. .4 40 0) ) $4,202 $4,195 ( (0 0. .4 41 1) ) $4,170 $4,192 $4,193 $4,180 $4,181 $4,180 $4,153 ( (0 0. .4 42 2) ) ( (0 0. .4 43 3) ) ( (0 0. .4 44 4) ) ( (0 0. .4 45 5) ) 3,00 0 ( (0 0. .4 46 6) ) ( (0 0. .4 47 7) ) ( (0 0. .4 48 8) ) ( (0 0. .4 49 9) ) ( (0 0. .5 50 0) ) ( (0 0. .5 51 1) ) ( (0 0. .5 52 2) ) ( (0 0. .5 53 3) ) ( (0 0. .5 54 4) ) ( (0 0. .5 55 5) ) ( (0 0. .5 56 6) ) ( (0 0. .5 57 7) ) ( (0 0. .5 58 8) ) ( (0 0. .5 59 9) ) 2,00 0 ( (0 0. .6 60 0) ) ( (0 0. .6 61 1) ) 73% ( (0 0. .6 62 2) ) ( (0 0. .6 63 3) ) 69% ( (0 0. .6 64 4) ) 66% 67% 67% (0.65) 65% ( (0 0. .6 66 5) ) ( (0 0. .6 66 7) ) ( (0 0. .6 67 8) ) ( (0 0. .6 68 9) ) ( (0 0. .7 60 9) ) ( (0 0. .7 71 0) ) ( (0 0. .7 72 1) ) 51% 50% ( (0 0. .7 72 3) ) 48% 1,00 0 ( (0 0. .7 74 3) ) ( (0 0. .7 75 4) ) ( (0 0. .7 76 5) ) ( (0 0. .7 77 6) ) ( (0 0. .7 77 8) ) ( (0 0. .7 78 9) ) ( (0 0. .7 89 0) ) ( (0 0. .8 81 0) ) ( (0 0. .8 82 1) ) ( (0 0. .8 83 2) ) ( (0 0. .8 83 4) ) ( (0 0. .8 84 5) ) ( (0 0. .8 85 6) ) ( (0 0. .8 86 7) ) - ( (0 0. .8 87 8) ) Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 2018 2019 2020 2021 2022 2023 2024 2025 2026 Non-Guaranteed Government Guaranteed 740+ 680-739 620-679 <620 WA FICO Original LTV Delinquency Government Guaranteed Loans Delinquency Non-Guaranteed Loans ($ in millions) ($ in millions) 400 0.38 500 0.380 0.38 0.375 0.37 0.370 0.37 $433 0.365 0.36 $430 0.360 0.36 $425 0.355 $335 $333 0.35 $411 $413 0.350 0.35 0.345 0.34 450 0.340 $320 $398 350 $316 0.34 $396 $395 0.335 0.33 0.330 0.33 $386 0.325 $303 $301 0.32 0.320 $294 0.32 0.315 $286 0.31 0.310 0.31 400 0.305 0.30 0.300 0.30 0.295 0.29 0.290 300 0.29 $210 0.285 $197 0.28 $207 0.280 $166 0.28 0.275 $164 $251 $202 0.27 $219 0.270 0.27 350 0.265 $158 0.26 $174 0.260 $158 $177 $196 0.26 0.255 0.25 $185 0.250 $149 0.25 0.245 $147 250 0.24 0.240 $132 0.24 0.235 $140 0.23 300 0.230 0.23 0.225 0.22 0.220 0.22 17.8% 18.1% 0.215 0.21 0.210 0.21 0.205 0.20 16.5% 0.200 $129 0.20 16.2% 0.195 200 0.19 250 0.190 0.19 0.185 0.18 0.180 0.18 13.9% 0.175 0.17 13.6% 13.6% 0.170 0.17 13.1% 0.165 0.16 0.160 0.16 12.0% 0.155 0.15 200 0.150 150 0.15 0.145 0.14 0.140 0.14 0.135 0.13 0.130 0.13 0.125 0.12 0.120 8.0% 7.9% 0.12 150 0.115 7.5% 7.6% 0.11 0.110 7.2% 7.2% 6.8% 7.0% 0.11 0.105 0.10 0.100 100 6.0% 0.10 0.095 0.09 0.090 0.09 0.085 0.08 0.080 0.08 100 0.075 0.07 0.070 0.07 0.065 0.06 0.060 0.06 0.055 0.05 0.050 50 0.05 0.045 0.04 50 0.040 0.04 0.035 0.03 0.030 $168 $169 $158 $161 $154 $153 $146 $162 $121 0.03 $193 $223 $210 $218 $201 $219 $224 $233 $199 0.025 0.02 0.020 0.02 0.015 0.01 0.010 0.01 0.005 0 - 0 - Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 30-89 DPD NPLs 30+ DPD/Loans 30-89 DPD 90+ DPD and Still Accruing 30+ DPD/Loans 27

Auto Loan Portfolio Highlights: Delinquency Avg. 2011-2019 03/31/2026 ($in millions) • Improvements in credit quality of originations 6.17% 3.42% • Auto balances have remained stable, with recent quarter- 4500 0.07 $3,862 $3,851 over-quarter declining trend $3,819 $3,821 $3,820 $3,820 $3,773 $3,784 $3,707 4000 0.06 3500 • Delinquency and NCO levels for the period remained $2,918 0.05 below the historical average benchmark. Delinquencies 3000 5.00% 4.89% 0.04 reflected significant improvements QoQ 2500 4.67% 4.65% 4.46% 4.64% 4.29% 2000 3.86% 0.03 • FICO mix of originations have remained robust, with 3.57% 3.42% 1500 weighted-average FICO scores of approximately 737 0.02 1000 0.01 • Q1 originations were approximately a 65%/35% split 500 $135 $143 $168 $178 $191 $136 $166 $179 $187 $130 between new/used auto loans 0 0 Q4 2019 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 30+ DPD Portfolio 30+ DPD/Portfolio FICO Mix of Originations NCOs and NCO-to-Loan Ratio (% of approved amount) ($ in millions) 739 737 737 729 732 731 723 720 721 Avg. 2011-2019 YTD 700 1.88% 1.35% 100% 5% 4% 4% 6% 6% 6% 7% 7% 8% 2% 2% 4% 4% 20 0.03 3% 7% 7% 2% 600 9% 23% 18 80% 24% 23% 26% 24% 24% 0.025 500 26% 27% 16 26% 14 2.44% 60% 0.02 400 12 10 0.015 300 40% 8 71% 70% 66% 66% 67% 65% 1.35% 200 0.01 60% 61% 58% 6 20% 4 100 0.005 2 $18 $14 $10 $17 $19 $13 $7 $12 $13 $13 0% 0 0 0 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q4 2019 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 700+ 625-699 <625 No FICO WA FICO Auto NCOs NCOs % 28

Auto Lease Portfolio Highlights: Delinquency Avg. 2011-2019 03/31/2026 • Auto lease balances have grown steadily, but experienced ($in millions) 2.06% 1.72% 2500 0.06 a decline in the most recent quarter $1,999 $2,001 $1,986 $1,983 • Delinquency and NCO levels for the period remained $1,950 $1,925 0.05 $1,887 2000 $1,828 $1,765 below the historical average benchmark 0.04 • FICO mix of originations have remained robust, with 1500 weighted-average FICO scores of approximately 739 0.03 $1,060 2.06% 1000 1.88% 1.85% 1.83% 1.81% 1.79% 1.77% 1.71% 1.72% 1.69% 0.02 500 0.01 $19 $32 $33 $32 $40 $33 $37 $37 $38 $34 0 0 Q4 2019 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 30+ DPD Portfolio 30+ DPD/Loans FICO Mix of Originations (% of approved amount) NCOs and NCO-to-Loan Ratio 744 741 743 739 736 735 730 730 731 ($ in millions) Avg. 2011-2019 YTD 700 0.65% 0.52% 100% 3% 3% 2% 3% 3% 3% 4% 4% 4% 600 18% 18% 19% 22% 24% 20% 4 0.016 26% 26% 26% 80% 500 3.5 0.014 3 0.012 60% 400 2.5 0.01 1.07% 300 2 0.008 40% 79% 79% 78% 76% 75% 74% 70% 70% 71% 1.5 0.006 200 1 0.004 20% 0.52% 100 0.5 0.002 $3 $4 $3 $2 $4 $3 $3 $2 $3 $3 0% 0 0 0 Q4 2019 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 2018 2019 2020 2021 2022 2023 2024 2025 2026 700+ 625-699 <625 No FICO WA FICO 29 Leases NCOs NCO %

P.R. Personal Loan Portfolio Highlights: Delinquency Avg. 2011-2019 03/31/2026 • Portfolio balances have remained stable but growing at a ($ in millions) 3.61% 2.47% slower pace since 2024 due to tightening measures 200 0 $1,851 $1,836 $1,823 $1,792 • Delinquency remained below the historical average $1,756 $1,746 $1,745 $1,754 $1,754 0.05 180 0 benchmark 160 0 $1,368 0.04 • NCO levels for the period remained above the historical 140 0 average benchmark, with significant improvements in 120 0 0.03 most recent vintages 100 0 3.19% 3.15% 3.09% 3.01% 2.92% 800 2.77% 2.75% 2.72% 2.70% 0.02 • FICO mix of originations have remained robust, with 2.47% 600 weighted-average FICO scores of 750 in recent vintages 400 0.01 200 $43 $51 $54 $56 $53 $49 $48 $50 $51 $46 0 0 Q4 2019 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 30+ DPD Portfolio 30+ DPD/Loans FICO Mix of Originations NCOs and NCO- to Loan Ratio (% of approved amount) ($ in millions) Avg. 2011-2019 YTD 746 748 748 750 741 736 740 738 738 2.53% 3.90% 0% 0% 0% 0% 1% 1% 2% 2% 3% 700 100% 25 0.08 3% 2% 2% 2% 3% 3% 3% 3% 5% 600 0.07 80% 20 0.06 500 47% 49% 49% 46% 51% 53% 56% 56% 49% 0.05 60% 15 400 0.04 300 40% 10 4.19% 3.90% 0.03 200 0.02 51% 49% 49% 49% 20% 43% 44% 43% 5 40% 41% 100 0.01 $14 $22 $21 $22 $23 $18 $16 $16 $18 $18 0% 0 0 0 Q4 2019 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 2018 2019 2020 2021 2022 2023 2024 2025 2026 Personal loan NCOs NCO % 750+ 650-749 <650 No FICO WA FICO 30

Credit Cards Portfolio Highlights: Delinquency Avg. 2011-2019 03/31/2026 ($in millions) • Overall balances have grown steadily, but experienced a 3.74% 3.83% decline in the most recent quarter 1400 0.06 • Delinquency and NCOs remain above historical $1,257 $1,226 $1,218 $1,215 $1,214 $1,187 $1,188 $1,163 0.055 $1,142 $1,124 benchmarks, with an overall improving trend since 2025 1200 0.05 0.045 1000 • FICO mix of originations have remained robust, with 4.85% 0.04 4.62% 4.58% weighted-average FICO scores of approximately 774 0.035 800 4.16% 4.13% 4.06% 4.01% 4.01% 3.83% 0.03 3.45% 600 0.025 0.02 400 0.015 0.01 200 0.005 $39 $46 $48 $55 $59 $54 $49 $49 $52 $46 0 0 Q4 2019 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 30+ DPD Portfolio 30+ DPD/Loans FICO Mix of Originations NCOs and NCO-to-Loan Ratio (% of approved amount) ($in millions) 772 774 768 Avg. 2011-2019 YTD 750 754 753 750 748 749 0% 3.67% 5.20% 2% 2% 2% 2% 2% 3% 4% 100% 5% 700 2% 1% 1% 1% 1% 3% 2% 3% 2% 20 0.08 600 28% 18 80% 30% 32% 0.07 42% 45% 16 43% 45% 500 44% 45% 0.06 14 60% 400 0.05 12 5.20% 10 0.04 300 40% 8 0.03 69% 67% 65% 200 6 55% 53% 51% 50% 49% 49% 3.21% 0.02 20% 4 100 0.01 2 $8 $14 $14 $15 $17 $16 $17 $15 $14 $16 0% 0 0 0 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q4 2019 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Credit Card NCOs NCOs % 31 750+ 650-749 <650 No FICO WA FICO

P.R. Public Sector Exposure • Substantially all the Corporation’s direct exposure outstanding in Q1 were obligations from various Puerto Rico municipalities. As of March 31, 2026, our direct exposure outstanding to P.R. municipalities amounted to $340 million, flat when compared to the prior quarter • Our direct exposure to P.R. government entities at March 31, 2026 includes an exposure associated with Automated Clearing House (“ACH”) transaction settlements capped at $47 million, none of which was outstanding Municipalities Outstanding P.R. Sector Exposure Obligations of municipalities are backed by real and personal property ($ in millions) Loans Securities Total taxes, municipal excise taxes, and/or a percentage of the sales and use tax Municipalities $ 333 $ 7 $ 340 P.R. Government Entities P.R. Government Entities $ - $ - $ - Obligations of the Commonwealth of Puerto Rico, its agencies and instrumentalities (excluding municipalities) Indirect exposure $ 166 $ 35 $ 201 Indirect Exposure 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 32

Popular’s Credit Ratings Seni Sen or Uns ior Uns ecur ecured ed Rat R ing atings s Fitch BBB- Stable Outlook S&P BB+ Positive Outlook Moody’s Ba1 Positive Outlook 2026 2019 2020 2021 2022 2025 April April June Moody’s Moody's Fitch upgrades upgrades to upgrades to B1 to BBB- from April September Ba3 from B1 September from B2 May March BB, revised S&P upgrades to Moody’s upgrades Moody’s January Fitch Moody’s Fitch and S&P S&P revised outlook to BB+ from BB-, to Ba1 from Ba3, upgrades S&P upgrades upgrades to revised outlook revised outlook outlook to Stable revised outlook revised outlook to outlook to outlook to BB from BB- to Positive to Positive Positive to Stable Stable Positive Positive March S&P lowers outlook to Stable 33

Investor Presentation First Quarter 2026

FAQ

How did Popular (BPOP) perform financially in Q1 2026?

Popular reported net income of $245.7 million for Q1 2026 and diluted EPS of $3.78. This compares to net income of $233.9 million and EPS of $3.53 in Q4 2025, reflecting stronger profitability and margin performance.

How did Popular’s net interest income and margin change in Q1 2026?

Net interest income rose to $670.2 million in Q1 2026, up $12.6 million from Q4 2025. The net interest margin improved to 3.66% from 3.61%, mainly due to lower deposit costs and higher income from U.S. Treasury securities and loan growth in select portfolios.

What were Popular (BPOP)’s credit quality trends in Q1 2026?

Non-performing loans declined to $458.1 million, or 1.17% of loans, from 1.27% in Q4 2025. Net charge‑offs increased to $60.0 million, lifting the annualized net charge‑off ratio to 0.61%, while allowance coverage strengthened to 2.10% of loans and 179.8% of NPLs.

How much capital did Popular return to shareholders in Q1 2026?

Popular returned a total of $204 million to shareholders during Q1 2026 through buybacks and dividends. It repurchased 1,155,398 common shares for $155.2 million at an average price of $134.31 and paid common and preferred dividends totaling $48.9 million.

What are Popular’s key capital and valuation metrics after Q1 2026?

At March 31, 2026, Popular reported a CET1 ratio of 15.92%, common equity per share of $97.27, and tangible book value per share of $84.98. Market value per common share was $134.17, implying a market capitalization of about $8.68 billion.

How did Popular’s operating expenses change in Q1 2026?

Operating expenses decreased to $467.3 million in Q1 2026 from $473.2 million in Q4 2025. Adjusting for a prior FDIC special assessment reversal in Q4, underlying operating expenses declined more significantly, reflecting lower personnel, promotion and several other cost categories.

Filing Exhibits & Attachments

6 documents

Press Releases

• EX-99.1 EX-99.1 1.2 MB
• EX-99.2 EX-99.2 59.0 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 4.1 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 13.0 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 13.8 KB