Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 102

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 102
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 Board of Directors of Popular, Inc. In San Juan, Puerto Rico, March 25, 2025.

| Richard L. Carrión                     
 Chairman of the Board of Popular, Inc. |     | José R. Coleman Tió 
 Corporate Secretary |

You may request a copy, free of charge, of Popular’s Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC (without exhibits), through our website, www.popular.com, or by calling (787) 765-9800 or writing to Comptroller, Popular, Inc., P.O. Box 362708, San Juan, PR 00936-2708.

94 | 2025 POPULAR, INC. PROXY STATEMENT

TABLE OF CONTENTS Appendix A

TABLE OF CONTENTS

APPENDIX A Popular, Inc., Reconciliation of Non-GAAP Measures Adjusted Net Income for The Year Ended December 31, 2024 (Non-GAAP)

| (Unaudited)                                |     |          |     |            |     |               |
| (In thousands)                             |     |  Pre-tax |     | Income tax 
     effect |     | Impact on net 
        income |
| U.S. GAAP net income                       |     | $796,618 |     |   $182,406 |     |      $614,212 |
| Non-GAAP Adjustments:                      |     |          |     |            |     |               |
| FDIC Special Assessment[1]                 |     |   14,287 |     |     -5,234 |     |         9,053 |
| Adjusted net income for incentive purposes |     | $810,905 |     |   $187,640 |     |      $623,265 |

| [1] | Expense recorded in the first quarter of 2024 related to the Special Assessment imposed by the Federal Deposit Insurance Corporation (“FDIC”) to recover the loses in connection with the receivership of several failed banks. |

Adjusted Net Income for The Year Ended December 31, 2023 (Non-GAAP)

| (Unaudited)                                |     |          |     |            |     |               |
| (In thousands)                             |     |  Pre-tax |     | Income tax 
     effect |     | Impact on net 
        income |
| U.S. GAAP net income                       |     | $675,539 |     |