Company: BPOPM
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001193125-25-043848
Chunk: 33

Company: POPULAR, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1A
Chunk 33
---
in policies
of
other governments
in response,
could also
adversely impact
the Puerto
Rico economy.
A 
weakening of
the Puerto
Rico
economy
or
other
adverse economic
conditions affecting
Puerto
Rico consumers
and
businesses 
could
result
in
decreased
demand
for
our
products
or
services,
deterioration
in
the
credit
quality
of
our
customers,
higher 
delinquencies, charge-offs or increased losses,
all of which could adversely affect
our business, financial condition, liquidity,
results 
of operations or capital position. 
We are
also exposed
to risks
related to
the state
of the
local economies
of the
other markets
in which
we do
business, 
such as
New York
and Florida, as
well as to
the state of
the global and
U.S. economy and
financial markets. Evolving
geopolitical 
tensions, the introduction
or escalation of tariffs,
inflationary pressures and other
political or economic shifts
may lead to
increased 
market volatility
and disruption.
These factors
could, in
turn, adversely
impact our
business, financial condition,
liquidity,
results of 
operations or capital position. 
Changes
in
interest
rates
and
credit
spreads
can
adversely
impact
our
financial
condition,
including
our
investment 
portfolio,
since
a
significant
portion
of
our
business involves
borrowing
and
lending
money,
and
investing in
financial 
instruments. 
Our business
and financial
performance are
impacted by
market interest
rates and
movements in
those rates.
Since a 
high percentage of our assets and liabilities are interest bearing or otherwise sensitive in value to changes in interest rates, changes 
in interest rates, in the shape of the yield curve or in spreads between different types of rates, have had and could in the future have 
a material impact on our results
of operations and the values of our
assets and liabilities, including our investment portfolio.
Interest 
rates are
highly sensitive
to many
factors over
which we
have no
control and
which we
may not
be able
to anticipate
adequately, 
including general
economic conditions
and the