Company: BPOPM
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001193125-25-043848
Chunk: 31

Company: POPULAR, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1A
Chunk 31
---
Item 1A 
Risk Factors 
23 
ITEM 1A. RISK FACTORS 
We, like
other financial institutions,
face risks
inherent to
our business,
financial condition, liquidity,
results of
operations 
and
capital
position.
These
risks
could
cause
our
actual
results
to
differ
materially
from
our
historical
results
or
the
results 
contemplated by the forward-looking statements contained
in this report. 
The risks described in
this report are not the
only risks we face. Additional
risks and uncertainties not currently
known by 
us
or
that
we
currently
deem
to
be
immaterial,
or
that
are
generally
applicable
to
all
financial
institutions,
may
also
materially 
adversely affect our business, financial condition, liquidity, results of operations or capital
position. 

  24 
ECONOMIC AND MARKET RISKS 
Weakness in
the economy,
particularly in
Puerto Rico,
where a
significant portion
of our
business is
concentrated, has
adversely impacted us in the past and may adversely
impact us in the future. 
We have been, and will continue to be, impacted by global and local
economic and market conditions, including weakness 
in
the
economy,
disruptions
and
volatility
in
the
financial
markets,
inflation,
monetary,
trade
and
fiscal
policies,
public
policy, 
geopolitical conflicts, business and consumer sentiment
and unemployment. A significant portion of
our business is concentrated in 
Puerto Rico, which
accounted for approximately 77% of
our assets and 80%
of our deposits
as of December 31,
2024 and 79%
of 
our
revenues
for
the
year
ended
December
31,
2024.
As
a
result,
our
financial
condition
and
results
of
operations
are
highly 
dependent
on
the
general
trends
of
the
Puerto
Rico
economy
and
other
conditions
affecting
Puerto
Rico
consumers
and 
businesses. The
concentration of
our operations
in Puerto
Rico exposes
us to