Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 104

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 104
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     | 6,218,261 |     |            |
| Adjusted ROATCE                      |     |    15.47% |     |    10.19% |     |    10.00% |     | 11.88%     |

Reconciliation of Tangible Common Equity (non-GAAP)

| (In thousands)                        |     |       2022 |     |       2023 |     |       2024 |
| Average Total Shareholders’ Equity[1] |     | $6,009,225 |     | $6,600,603 |     | $7,053,193 |
| Less: Preferred Stock                 |     |    -22,143 |     |    -22,143 |     |    -22,143 |
| Less: Goodwill                        |     |   -757,133 |     |   -821,567 |     |   -804,423 |
| Less: Other Intangibles               |     |    -17,113 |     |    -11,473 |     |     -8,366 |
| Average Tangible Common Equity        |     |  5,212,836 |     |  5,745,420 |     |  6,218,261 |

| [1] | Average balances exclude unrealized gains or losses on debt securities available-for-sale and unrealized losses on debt securities transferred to held-to-maturities. |

APPENDIX A | 97

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