# EDGAR Filing Document

**Accession Number:** 0000763901
**File Stem:** 0001193125-26-023312
**Filing Date:** 2026-1
**Character Count:** 191359
**Document Hash:** e0e93f8ca33b8c22249d03feac49fb6b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-023312.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001193125-26-023312

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 54

**CONFORMED PERIOD OF REPORT**: 20260127

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** POPULAR, INC.
- **CENTRAL INDEX KEY:** 0000763901
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 660667416
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34084
- **FILM NUMBER:** 26562027

**BUSINESS ADDRESS:**
- **STREET 1:** 209 MUNOZ RIVERA AVE
- **STREET 2:** POPULAR CENTER BUILDING
- **CITY:** HATO REY
- **STATE:** PR
- **ZIP:** 00918
- **BUSINESS PHONE:** 7877659800

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 362708
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00936-2708

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** POPULAR INC
- **DATE OF NAME CHANGE:** 19970428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANPONCE CORP
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? 8-K

### 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): January 27, 2026

## POPULAR, INC.

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Puerto Rico** | **001-34084** | **66-0667416** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **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**<br> **Symbol(s)** | **Name of each exchange**<br> **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 January 27, 2026, Popular, Inc. (the "Corporation") issued a press release announcing its unaudited financial results for the quarter ended December 31, 2025, 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 December 31, 2025. 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 January 27, 2026 – Fourth Quarter 2025 Financial Results.](d51010dex991.htm) |
| 99.2 | [Popular, Inc. Conference Call Presentation – Fourth Quarter 2025 Financial Results.](d51010dex992.htm) |
| 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.

---

| | | |
|:---|:---|:---|
|  | **<u>POPULAR, INC.</u>**<br> (Registrant) | **<u>POPULAR, INC.</u>**<br> (Registrant) |
| Date: January 27, 2026 | By: | **/s/ Denissa M. Rodríguez** |
|  |  | Denissa M. Rodríguez |
|  |  | Senior Vice President and Corporate Comptroller |

---

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g51010g0124095551385.jpg)

**Popular, Inc. Announces Fourth Quarter 2025 Financial Results** 

**•** **Net income of $233.9 million in Q4 2025, compared to net income of $211.3 million in Q3 2025.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Excluding the partial reversal of the FDIC special assessment reserve of $9.7 million, net of tax, adjusted net income for the fourth quarter of 2025 was $224.2 million.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Earnings per share ("EPS") of $3.53 in Q4 2025 vs. $3.15 in Q3 2025.** 

**•** **Net income of $833.2 million for the year 2025, compared to net income of $614.2 million for the year 2024.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Excluding the partial reversal of the FDIC special assessment reserve, adjusted net income for 2025 was $823.5 million, compared to adjusted net income of $646.1 million in 2024, which excluded expenses incurred in connection to the FDIC special assessment and prior period tax withholdings of $9.1 million and $22.9 million, net of tax, respectively.** 

**•** **Net interest income of $657.6 million in Q4 2025, an increase of $11.0 million compared to Q3 2025:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Net interest margin of 3.61% in Q4 2025, compared to 3.51% in Q3 2025; net interest margin on a taxable equivalent basis of 4.03% in Q4 2025, compared to 3.90% in Q3 2025.** 

**•** **Non-interest income of $166.3 million in Q4 2025, compared to $171.2 million in Q3 2025.** 

**•** **Operating expenses amounted to $473.2 million, compared to $495.3 million in Q3 2025. Excluding the partial reversal of the FDIC special assessment reserve described above, operating expenses amounted to $488.5 million in Q4 2025.** 

**•** **Credit quality metrics:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Non-performing loans held-in-portfolio ("NPLs") decreased by $3.9 million from Q3 2025; NPLs to loans ratio decreased to 1.27% from 1.30% in Q3 2025.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Net charge-offs ("NCOs") decreased by $8.2 million from Q3 2025 to $49.6 million, including $5.3 million in recoveries from the sale of fully charged off loans in Q4 2025; annualized NCOs to average loans held-in-portfolio at 0.51% vs. 0.60% in Q3 2025.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Allowance for credit losses ("ACL") to loans held-in-portfolio at 2.05% vs. 2.03% in Q3 2025; and** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **ACL to NPLs at 162.2% vs. 156.6% in Q3 2025.** 

**•** **Loans held-in-portfolio, excluding loans held-for-sale, amounted to $39.3 billion, an increase of $640.4 million from Q3 2025; average quarterly loan balances, excluding loans held-for-sale, higher by $397.2 million.** 

**•** **Money market and investment securities decreased by $330.6 million from Q3 2025 to $32.8 billion; average quarterly balances decreased by $1.2 billion.** 

**•** **Deposits at $66.2 billion, decreased by $323.3 million from Q3 2025. This includes a decrease of $662.3 million in P.R. public deposits; excluding these, total deposits increased by $339.0 million; average quarterly deposits lower by $879.8 million, including a decrease of $1.1 billion in P.R. public deposits.** 

------

**•** **Common Equity Tier 1 ratio of 15.72%, Common Equity per share of $94.75 and Tangible Book Value per share of $82.65 ($3.53 above Q3 2025).** 

**•** **Capital actions for the fourth quarter of 2025 included the repurchase of 1,252,303 shares of common stock for $147.8 million, at an average price of $118.04 per share, and the payment and declaration of a quarterly common stock dividend of $0.75 per share. For the year 2025, the Corporation repurchased a total of 4,660,124 shares of common stock for $501.5 million at an average price of $107.61 per share under the announced repurchase authorizations. As of December 31, 2025, a total of $281.2 million remained available for stock repurchases under the active authorization.** 

SAN JUAN, Puerto Rico – (BUSINESS WIRE) – Popular, Inc. (the "Corporation," "Popular," "we," "us," "our") (NASDAQ:BPOP) reported net income of $233.9 million for the quarter ended December 31, 2025, compared to net income of $211.3 million for the quarter ended September 30, 2025.

"We closed out a strong fourth quarter and an excellent year for Popular, reflecting the discipline and focus of our team across the organization," said Javier D. Ferrer, President and Chief Executive Officer of Popular, Inc. "In 2025, we delivered 36% growth in net income, achieved strong loan growth, maintained stable credit quality, and continued returning capital to our shareholders. Fourth quarter performance was driven by higher net interest income and continued expense discipline. We demonstrated significant progress in our efforts to improve our sustainable returns towards our 14% objective. We are very pleased to have exceeded a 14% ROTCE for the fourth quarter and a 13% ROTCE for the full year."

"We are moving full speed ahead with the execution of our new strategic framework, determined to be the #1 bank for our customers by strengthening relationships and delivering exceptional service. We are also focused on providing solutions faster, improving productivity, and reducing costs. Ultimately, our goal is to be a top-performing bank that attracts and retains top talent and generates profitable growth and long-term shareholder value."

"I want to thank our employees for their continued commitment, dedication, and performance. We look forward to building on the positive momentum generated last year and are optimistic about what we can achieve in 2026."

------

**Earnings Highlights** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Unaudited) | Quarters ended | Quarters ended | Quarters ended | Years ended | Years ended |
| (Dollars in thousands, except per share information) | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 | 31-Dec-25 | 31-Dec-24 |
|  Net interest income | $657552 | $646505 | $590759 | $2541203 | $2282288 |
|  Provision for credit losses | 72016 | 75125 | 66102 | 260163 | 256942 |
|  Net interest income after provision for credit losses | 585536 | 571380 | 524657 | 2281040 | 2025346 |
|  Other non-interest income | 166286 | 171195 | 164703 | 658019 | 658909 |
|  Operating expenses | 473206 | 495287 | 467627 | 1932266 | 1887637 |
|  Income before income tax | 278616 | 247288 | 221733 | 1006793 | 796618 |
|  Income tax expense | 44716 | 35971 | 43916 | 173634 | 182406 |
|  Net income | $233900 | $211317 | $177817 | $833159 | $614212 |
|  Net income applicable to common stock | $233547 | $210964 | $177464 | $831747 | $612800 |
|  Net income per common share-basic | $3.53 | $3.15 | $2.51 | $12.31 | $8.56 |
|  Net income per common share-diluted | $3.53 | $3.14 | $2.51 | $12.30 | $8.56 |

---

------

**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. Refer below for adjusted net income for the fourth quarter of 2025.

***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, E and F for the quarter and year ended December 31, 2025. 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 tables present the reconciliation of the net income to the adjusted net income (non-GAAP) for the quarter ended December 31, 2025 and for the years ended December 31, 2025 and December 31, 2024. There were no adjustments to net income for the quarter ended September 30, 2025.

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

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| | | | |
|:---|:---|:---|:---|
| (<u>Unaudited</u>)<br> (In thousands) | Income before<br>income tax | Income tax<br>expense (benefit) | Net Income |
|  **U.S. GAAP Net Income** | $278616 | $44716 | $233900 |
|  Non-GAAP Adjustments: |  |  |  |
|  FDIC Special Assessment [1] | (15323) | 5622 | (9701) |
|  **Adjusted net income (Non-GAAP)** | $263293 | $39094 | $224199 |

---

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

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

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| | | | |
|:---|:---|:---|:---|
| (<u>Unaudited</u>)<br> (In thousands) | Income before<br>income tax | Income tax<br>expense (benefit) | Net Income |
|  **U.S. GAAP Net Income** | $1006793 | $173634 | $833159 |
|  Non-GAAP Adjustments: |  |  |  |
|  FDIC Special Assessment [1] | (15323) | 5622 | (9701) |
|  **Adjusted net income (Non-GAAP)** | $991470 | $168012 | $823458 |

---

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

**Adjusted Net Income for the Year Ended December 31, 2024 (Non-GAAP)** 

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| | | | |
|:---|:---|:---|:---|
| (<u>Unaudited</u>)<br> (In thousands) | Income before<br>income tax | Income tax<br>expense (benefit) | Net Income |
|  **U.S. GAAP Net Income** | $796618 | $182406 | $614212 |
|  Non-GAAP Adjustments: |  |  |  |
|  FDIC Special Assessment [1] | 14287 | (5234) | 9053 |
|  Adjustments related to tax withholdings on prior period distributions from U.S. subsidiaries [2] | 6400 | 16483 | 22883 |
|  **Adjusted net income (Non-GAAP)** | $817305 | $171157 | $646148 |

---

[1] Expense recorded in the first quarter of 2024 related to the special assessment imposed by the FDIC to recover the losses in connection with the receivership of several failed banks.

[2] Expense recorded in the first quarter of 2024 related to tax withholdings on prior period distributions from U.S. subsidiaries

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***Net Interest Income and Net Interest Margin***

Net interest income ("NII") for the fourth quarter of 2025 was $657.6 million, an increase of $11.0 million when compared to the previous quarter. During the period, NII expansion was driven by lower interest expense on deposits by $21.9 million, primarily due to lower average by $1.1 billion and lower costs by 22 basis points in P.R. public deposits. Higher income from loans by $7.8 million also contributed to NII growth. This resulted from a combination of loan growth of $398.0 million on average balances, primarily in the commercial, construction and mortgage portfolios, and higher yields in the commercial portfolio by three basis points, mainly in Popular U.S. The increase in NII was offset in part by lower income from money market securities by $18.6 million, in part due to outflows related to P.R. public deposits, and the reinvestment of U.S. Treasury Notes. Recent short-term market rate cuts by the Federal Open Market Committee also contributed to a reduction of 45 bps in yield from the investment portfolio, compared to the previous quarter. Net interest margin ("NIM") of 3.61% in the fourth quarter of 2025 increased ten basis points, compared to 3.51% in the third quarter of 2025, due in part to the reduction in costs and average balances of P.R. public deposits.

Lower cost of deposits was mainly the result of the re-pricing of P.R. public market-linked deposits. Furthermore, low-cost deposits increased quarter-over-quarter and experienced favorable re-pricing across most products with NOW and money market deposit costs decreasing by three basis points, savings by two basis points and time deposits by eight basis points. Excluding P.R. public deposits, average deposits increased by $235.7 million. Total deposit costs of 1.68% went down by 11 basis points quarter-over-quarter. Excluding P.R. public deposits, total deposit costs decreased three basis points to 1.14% when compared to the third quarter.

*<u>Net Interest Income and Net Interest Margin Taxable Equivalent (Non-GAAP)</u>*

Net interest income on a taxable equivalent basis for the fourth quarter of 2025 was $733.8 million, an increase of $13.0 million compared to the previous quarter. Net interest margin on a taxable equivalent basis for the fourth quarter of 2025 was 4.03%, an increase of 13 basis points. Lower interest expense and average balances of P.R. public deposits and higher interest income on loans, drove quarter-over-quarter results as explained above. Interest income on a taxable equivalent basis includes interest income on U.S. Treasuries, which are tax-exempt in Puerto Rico, and income from loans in certain BPPR portfolios, which are also tax exempt in Puerto Rico.

*<u>Net Interest Income and Net Interest Margin (Banco Popular de Puerto Rico Segment)</u>*

For the BPPR segment, net interest income for the fourth quarter of 2025 was $554.5 million, an increase of $3.8 million over the previous quarter. Net interest margin increased by seven basis points to 3.78%. Total deposit costs in BPPR decreased by 11 basis points to 1.42%.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• lower interest expense on deposits by $19.1 million or 13 basis points, mainly as a result of P.R. public
deposits repricing by 22 basis points due to recent decreases in the short term market rates to which these deposits are linked and lower P.R. public deposits average balances by $1.1 billion as a result of expected outflows of deposits during
the fourth quarter of 2025 to fulfill scheduled obligations and operational needs of the government of P.R.; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• higher interest income from loans by $2.9 million, primarily attributable to loan growth in the mortgage,
commercial and construction portfolio, which increased income quarter over quarter by $5.6 million, partially offset by lower yields by five basis points driven by short-term market rates decline during the period;

------

partially offset by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• lower income from money market investments by $12.3 million when compared to the third quarter, mainly due
to lower average balances by $714.7 million, mainly used to cover outflows of P.R. public deposits, combined with lower yields by 46 basis points due to lower short-term market rates; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• lower income from investment securities by $6.1 million, or four basis points, driven by lower yields in
U.S. Treasury securities by five basis points and lower average balances in part due to slower reinvestment activities in maturing U.S. Treasury bills.

*<u>Net Interest Income and Net Interest Margin (Popular Bank Segment)</u>*

Net interest income for the Popular Bank segment was $111.6 million, an increase of $6.4 million when compared to the previous quarter. The net interest margin increased by 17 basis points to 3.11%. Total cost of deposits decreased by 11 basis points during the quarter to 2.85%.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• higher income from investment securities by $5.0 million or 27 basis points, mainly due to the full quarter
impact of the purchase of approximately $500.0 million in U.S. Treasury Notes during the third quarter of 2025, reallocating funds previously invested in overnight Fed funds, resulting in a quarter-over-quarter increase of $463.4 million;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• higher interest income from loans by $4.8 million or 12 basis points when compared to the previous quarter,
mainly driven by commercial loan yields, which increased by 15 basis points, in part due to a single loan payoff which generated additional income and higher prepayment penalty fees during the period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• lower interest expense on interest-bearing deposits by $3.2 million, primarily attributable to online
savings deposit costs decreasing by 27 basis points and time deposits repricing resulting in lower costs by ten basis points;

partially offset by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• lower income from money market investments by $6.7 million or 45 basis points, mainly due to lower average
balances reflecting the full quarter impact of the approximately $500 million purchases of U.S. Treasury Notes mentioned above, coupled with a lower yield due to the decline in short-term rates.

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 $166.3 million for the quarter ended December 31, 2025, a decrease of $4.9 million when compared to $171.2 million for the previous quarter. The main variances in non-interest income include:

• lower other operating income by $6.0 million, mainly due to a $5.3 million retroactive energy charge
billed to a tenant in the third quarter of 2025 and lower income from investments accounted under the equity method by $1.5 million; and

• an unfavorable variance in the income from equity securities of $4.2 million mainly due to the
$4.1 million decrease in the valuation of securities held for deferred benefit plans, which have an offsetting effect in personnel costs;

partially offset by:

• higher other service fees by $5.1 million, mainly driven by higher debit card fees by $2.3 million, due
to a seasonal increase in purchase volume, higher insurance fees by $1.5 million, mainly due to contingent insurance commissions which are typically received during the fourth quarter, and higher investment management fees by $0.7 million.

*Refer to Table B for further details.* 

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***Operating expenses***

Operating expenses for the fourth quarter of 2025 totaled $473.2 million, a decrease of $22.1 million when compared to the third quarter of 2025. During the fourth quarter of 2025, the Corporation recorded a partial reversal of $15.3 million from the reserve related to the FDIC special assessment imposed on banks to recover losses in connection with the receivership of two failed banks during 2023. Management revised its reserve based on the FDIC's interim final rule, which became effective December 19, 2025 and amended, among other things, the collection rate of the special assessment. Excluding the effect of this partial reversal of the FDIC special assessment, total operating expenses for the fourth quarter of 2025 were $488.5 million, compared to $495.3 million in the previous quarter.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a non-cash goodwill impairment of $13.0 million in our U.S. based
equipment leasing subsidiary recorded during the third quarter of 2025; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• lower personnel costs by $2.8 million mainly due to a $2.8 million decrease in other personnel
costs, mostly related to the $4.1 million unfavorable valuation of equity securities held for deferred compensation plans, which is reflected in equity securities income with an offsetting effect in personnel costs;

partially offset by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• higher professional fees by $3.5 million due to consulting fees related to corporate initiatives and IT
projects and higher costs associated with regulatory compliance activities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an unfavorable variance in other operating expenses by $3.2 million driven by a $4.8 million claim
reversal recorded during the third quarter of 2025 and higher operational and legal case reserves;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• higher business promotion expenses by $2.6 million mainly due to an increase in seasonal advertising
campaigns and related activities, which are typically higher in the fourth quarter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an unfavorable variance in net occupancy expenses by $1.7 million driven by the net impact of adjustments to
several lease agreements in the third quarter, an unfavorable variance in real property taxes due to the ongoing reassessments of certain properties resulting in higher reversals in the third quarter when compared to the fourth quarter, and higher
repairs and maintenance expenses.

Full-time equivalent employees were 9,238 as of December 31, 2025, compared to 9,263 as of September 30, 2025.

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

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***Income taxes***

For the fourth quarter of 2025, the Corporation recorded an income tax expense of $44.7 million, compared to an income tax expense of $36.0 million for the previous quarter. The increase in income tax expense of $8.7 million is mainly driven by higher income before tax, partially offset by higher exempt income and the benefit of the disregarded entity election discussed below.

Following an amendment to the Puerto Rico Internal Revenue Code, the Corporation elected to treat certain single members LLCs as disregarded entities on its 2024 corporate income tax return, which was filed during the fourth quarter of 2025. This election resulted in an income tax benefit of $7.7 million during the fourth quarter of 2025, essentially reversing the income tax expense that had been provisioned related to these entities during 2025.

The effective tax rate ("ETR") for the fourth quarter of 2025 was 16.0%, compared to 14.5% for the previous quarter. Excluding the partial reversal of the FDIC special assessment and the adjustment related to the election to treat LLCs as disregarded entities, the ETR for the fourth quarter of 2025 was 17.8%.

The ETR for the year ended December 31, 2025 was 17.3%, compared to 22.9% for the previous year. The ETR for the Adjusted Net Income for the year 2025 was 17.0% compared to 20.9% for the year 2024. The ETR of the Corporation is impacted by the composition source of its taxable income and tax credit activities.

***Credit Quality***

During the fourth quarter of 2025, the Corporation's credit quality metrics remained stable. The Corporation continues to closely monitor the economic landscape and borrower performance, as economic uncertainty remains a key consideration. 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 fourth quarter of 2025:

*<u>Non-Performing Loans and Net Charge Offs</u>*

Total NPLs decreased by $3.9 million to $498.3 million compared to the previous quarter. Excluding consumer loans, inflows of NPLs held-in-portfolio decreased by $190.2 million in the fourth quarter of 2025. The ratio of NPLs to total loans held in the portfolio was 1.27% for the fourth quarter of 2025, compared to 1.30% for the previous quarter. NPLs variances per reporting segment include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In the BPPR segment, NPLs increased by $5.3 million, primarily due to higher commercial and consumer NPLs by
$8.2 million and $3.3 million, respectively, offset in part by lower mortgage NPLs by $7.6 million. Excluding consumer loans, inflows to NPLs in the BPPR segment decreased by $195.8 million compared to the previous quarter, as
the prior quarter included the impact of two unrelated commercial exposures totaling $188.4 million which entered NPL status. These classifications were attributable to borrower specific circumstances and management believes they are not
indicative of the broader credit quality within the portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In the PB segment, NPLs decreased by $9.2 million driven by lower mortgage NPLs by $14.4 million due to
the return to accrual of a single $16.5 million loan after a period of sustained performance, in part offset by higher commercial NPLs by $5.4 million. Inflows to NPLs, excluding consumer loans, increased by $5.7 million
quarter-over-quarter, largely driven by commercial loans.

Including other real estate owned ("OREO") assets of $42.4 million, non-performing assets ("NPAs") for the Corporation amounted to $540.8 million, a decrease of $4.4 million compared to the previous quarter.

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Total NCOs of $49.6 million decreased by $8.2 million when compared to the third quarter of 2025. NCOs during the quarter include $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 fourth quarter was 0.51%, compared to 0.60% in the third quarter of 2025.

NCOs variances per reporting segment include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In the BPPR segment, NCOs decreased by $7.4 million, mostly due to an $8.9 million reduction in
commercial NCOs, as the prior quarter included a $13.5 million charge-off related to a single borrower, for specific circumstances which were determined by management not to be representative of the
broader credit quality of the portfolio. This was partially offset by a $1.7 million increase in consumer NCOs. NCOs include $5.3 million in recoveries from the sale of previously charged off auto and credit cards loans, as referenced
above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In the PB segment, NCOs decreased by $0.8 million, mostly due to lower commercial NCOs.

*<u>Allowance for Credit Losses and Provision for Credit Losses</u>*

The ACL as of December 31, 2025 amounted to $808.1 million, an increase of $21.8 million when compared to the third quarter of 2025. The increase in ACL was primarily in the BPPR segment, as further described below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In the BPPR segment, the ACL increased by $22.6 million when compared to the previous quarter, mostly due to
a $15.1 million increase in the reserves for commercial loans driven by higher loan balances, specific reserves for collateral dependent loans, and loan modifications. The ACL for consumer loans increased by $13.9 million, mainly in
unsecured personal loans and credit cards due to higher loan balances within lower FICO categories. These increases were partially offset by a $6.9 million reduction in the reserves for mortgage loans reflecting improvements in credit quality.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In the Popular Bank segment, the ACL remained stable, decreasing by $0.7 million from the previous quarter.

The Corporation's ratio of the ACL to loans held-in-portfolio was 2.05% in the fourth quarter of 2025, compared to 2.03% in the previous quarter. The ratio of the ACL to NPLs held-in-portfolio increased to 162.2%, from 156.6% in the previous quarter.

The provision for loan losses for the loan and lease portfolios for the fourth quarter of 2025 was $71.4 million, a decrease of $3.1 million when compared to $74.5 million in the previous quarter. The provision for loan losses for the BPPR segment amounted to $71.7 million, compared to $72.6 million in the previous quarter. This decrease was primarily driven by lower provision expenses for commercial loans by $19.4 million, as the third quarter was impacted by two large unrelated exposures. The provision for the mortgage loans also decreased by $10.2 million due to improvements in credit quality. These were partially offset by a higher provision for the consumer loan portfolio by $27.2 million due to above-mentioned changes in FICO scores and macroeconomic scenarios. The provision for losses for the PB segment amounted to a release of $0.3 million, compared to an expense of $1.9 million in the prior quarter.

The provision for credit losses for the fourth quarter of $72.0 million includes the provision for loan and lease losses, along with a $0.6 million reserve related to unfunded loan commitments and a $0.02 million reserve release for the Corporation's investment portfolio.

*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.* 

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**Non-Performing Assets** 

---

| | | | |
|:---|:---|:---|:---|
| (Unaudited) |  |  |  |
| (In thousands) | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 |
|  Non-performing loans held-in-portfolio | $498343 | $502202 | $350780 |
|  Other real estate owned | 42433 | 42950 | 57268 |
|  Total non-performing assets  | $540776 | $545152 | $408048 |
|  Net charge-offs for the quarter | $49592 | $57788 | $67433 |
| Ratios: |  |  |  |
|  Loans held-in-portfolio | $39327518 | $38687158 | $37107652 |
|  Non-performing loans held-in-portfolio to loans held-in-portfolio | 1.27% | 1.30% | 0.95% |
|  Allowance for credit losses to loans held-in-portfolio | 2.05 | 2.03 | 2.01 |
|  Allowance for credit losses to non-performing loans, excluding loans held-for-sale | 162.15 | 156.55 | 212.68 |

---

*Refer to Table L for additional information.* 

**Provision for Credit Losses (Benefit)- Loan Portfolios** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Unaudited) | Quarters ended | Quarters ended | Quarters ended | Years ended | Years ended |
| (In thousands) | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 | 31-Dec-25 | 31-Dec-24 |
|  Provision for credit losses (benefit) - loan portfolios: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BPPR | $71734 | $72639 | $67088 | $240213 | $253828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Popular U.S. | (308) | 1878 | 2041 | 20487 | 4613 |
|  Total provision for credit losses (benefit) - loan portfolios | $71426 | $74517 | $69129 | $260700 | $258441 |

---

**Credit Quality by Segment** 

---

| | | | |
|:---|:---|:---|:---|
| (Unaudited) |  |  |  |
| (Dollars in thousands) | Quarters ended | Quarters ended | Quarters ended |
| **BPPR** | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 |
|  Provision for credit losses - loan portfolios | $71734 | $72639 | $67088 |
|  Net charge-offs | 49171 | 56539 | 62604 |
|  Total non-performing loans held-in-portfolio | 458709 | 453369 | 292091 |
|  Annualized net charge-offs to average loans held-in-portfolio | 0.72% | 0.84% | 0.97% |
|  Allowance / loans held-in-portfolio | 2.60% | 2.56% | 2.56% |
|  Allowance / non-performing loans held-in-portfolio | 156.51% | 153.38% | 229.61% |
|  | Quarters ended | Quarters ended | Quarters ended |
| **Popular U.S.** | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 |
|  Provision for credit losses (benefit) - loan portfolios | $(308) | $1878 | $2041 |
|  Net charge-offs | 421 | 1249 | 4829 |
|  Total non-performing loans held-in-portfolio | 39634 | 48833 | 58689 |
|  Annualized net charge-offs to average loans held-in-portfolio | 0.01% | 0.04% | 0.18% |
|  Allowance / loans held-in-portfolio | 0.77% | 0.79% | 0.69% |
|  Allowance / non-performing loans held-in-portfolio | 227.42% | 186.07% | 128.40% |

---

------

**Financial Condition Highlights** 

---

| | | | |
|:---|:---|:---|:---|
| (Unaudited) |  |  |  |
| (In thousands) | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 |
|  Cash and money market investments | $5029261 | $5131470 | $6800586 |
|  Investment securities | 28168918 | 28371673 | 26244977 |
|  Loans | 39327518 | 38687158 | 37107652 |
|  Total assets | 75348267 | 75065798 | 73045383 |
|  Deposits | 66190093 | 66513404 | 64884345 |
|  Borrowings | 1448578 | 1246807 | 1176126 |
|  Total liabilities | 69099188 | 68950126 | 67432317 |
|  Stockholders' equity | 6249079 | 6115672 | 5613066 |

---

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Total assets amounted to $75.3 billion at December 31, 2025, an increase of $282.5 million from the third quarter of 2025, driven by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an increase in loans held-in-portfolio by $640.4 million, resulting from an increase of $496.8 million in the BPPR segment across most portfolios, particularly commercial and
mortgage loans, coupled with an increase of $143.6 million in the PB segment, mainly due to commercial loans;

partially offset by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a decrease in money market investments of $127.9 million, mainly driven by loan origination activity and
lower deposit balances, mainly related to P.R. public deposits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a decrease in available-for-sale ("AFS") securities of $111.5 million, driven by maturities and principal paydowns, mainly in mortgage-backed securities ("MBS"), partially offset by reinvestments in U.S. Treasury securities and a decrease in the
unrealized losses of $66.8 million; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a decrease in held-to-maturity ("HTM") securities of $105.6 million, driven by maturities and principal paydowns, partially offset by the amortization of $47.6 million of the discount related to U.S. Treasury securities previously reclassified from AFS to
HTM.

Total liabilities increased by $149.1 million from the third quarter of 2025, driven by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an increase in other liabilities of $270.6 million, mainly due to higher unsettled U.S. Treasury securities
purchases by $289.1 million; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an increase in other short-term borrowings of $250.0 million due to higher FHLB advances in PB;

partially offset by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a decrease of $323.3 million in deposits, primarily driven by a decrease in P.R. public deposits of
approximately $662.3 million, as a result of expected outflows of deposits during the fourth quarter of 2025 to fulfill scheduled obligations and operational needs of the government of P.R., and a decrease in high-cost time deposits of
$211.2 million, mainly at PB, partially offset by higher demand deposits by $430.2 million, mainly due to commercial deposits in BPPR, and by an increase in savings, NOW and money market deposits of $120.1 million, primarily at PB;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a decrease in notes payable of $30.4 million, mainly due to maturities of long-term FHLB advances at PB.

Stockholders' equity increased by $133.4 million when compared to the third quarter of 2025 mainly due to the quarter's net income of $233.9 million, a decrease in net unrealized losses in the portfolio of AFS securities of $57.0 million, and the amortization of unrealized losses from securities previously reclassified to HTM of $38.1 million, net of tax, partially offset by an increase in Treasury Stock of $148.2 million, mainly due to common stock repurchases during the quarter and the common and preferred dividends declared during the quarter of $49.9 million.

During the quarter and twelve months ended December 31, 2025, Popular repurchased 1,252,303 shares of common stock for $147.8 million at an average price of $118.04 per share, and 4,660,124 shares of common stock for $501.5 million at an average price of $107.61 per share, respectively, as part of the 2024 and 2025 common stock repurchase programs previously announced. As of December 31, 2025, $281.2 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 15.72%, $94.75 and $82.65, respectively, at December 31, 2025, compared to 15.79%, $91.00 and $79.12, respectively, at September 30, 2025.

Refer to Table A for capital ratios.

*Refer to Table C for the Statements of Financial Condition.* 

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**<u>Cautionary Note Regarding Forward-Looking Statements</u>**

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, 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, 2024, our Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025, and September 30, 2024 and in our Form 10-K for the year ended December 31, 2025 to be filed with the Securities and Exchange Commission. Our filings are available on the Corporation's website (<u>www.popular.com</u>) and on the Securities and Exchange Commission website (<u>www.sec.gov</u>). The Corporation assumes no obligation to update or revise any forward-looking statements or information which speak as of their respective dates.

**<u>About Popular, Inc.</u>**

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.

**<u>Conference Call</u>**

Popular will hold a conference call to discuss its financial results today, Tuesday, January 27, 2026 at 10:00 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.

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Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number 1-833-470-1428 (Toll Free) or 1-646-844-6383 (Local). The dial-in access code is 507088.

A replay of the webcast will be archived in Popular's website. A telephone replay will be available one hour after the end of the conference call through Thursday, February 26, 2026, 11:59 p.m. Eastern Time. The replay dial in is: 1-866-813-9403 or 1-929-458-6194. The replay passcode is 142825.

An electronic version of this press release can be found at the Corporation's website: www.popular.com.

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**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 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

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

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**POPULAR, INC.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

**Table A - Selected Ratios and Other Information** 

**(Unaudited)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Quarters ended | Quarters ended | Quarters ended | Years ended | Years ended |
|  | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 | 31-Dec-25 | 31-Dec-24 |
|  Basic EPS | $3.53 | $3.15 | $2.51 | $12.31 | $8.56 |
|  Diluted EPS | $3.53 | $3.14 | $2.51 | $12.30 | $8.56 |
|  Average common shares outstanding | 65997636 | 67058260 | 70722548 | 67586130 | 71590757 |
|  Average common shares outstanding - assuming dilution | 66030817 | 67093814 | 70740958 | 67612847 | 71623702 |
|  Common shares outstanding at end of period | 65719385 | 66959866 | 70141291 | 65719385 | 70141291 |
|  Market value per common share | $124.52 | $129.10 | $94.06 | $124.52 | $94.06 |
|  Market capitalization - (In millions) | $8183 | $8645 | $6597 | $8183 | $6597 |
|  Return on average assets | 1.23% | 1.09% | 0.97% | 1.10% | 0.84% |
|  Return on average common equity | 12.81% | 11.60% | 9.94% | 11.58% | 8.72% |
|  Net interest margin (non-taxable equivalent basis) | 3.61% | 3.51% | 3.35% | 3.49% | 3.24% |
|  Net interest margin (taxable equivalent basis) - non-GAAP | 4.03% | 3.90% | 3.62% | 3.88% | 3.49% |
|  Common equity per share | $94.75 | $91.00 | $79.71 | $94.75 | $79.71 |
|  Tangible common book value per common share (non-GAAP) [1] | $82.65 | $79.12 | $68.16 | $82.65 | $68.16 |
|  Tangible common equity to tangible assets (non-GAAP) [1] | 7.29% | 7.13% | 6.62% | 7.29% | 6.62% |
|  Return on average tangible common equity [1] | 14.39% | 13.06% | 11.22% | 13.04% | 9.85% |
|  Tier 1 capital | 15.77% | 15.84% | 16.08% | 15.77% | 16.08% |
|  Total capital | 17.50% | 17.58% | 17.83% | 17.50% | 17.83% |
|  Tier 1 leverage | 8.65% | 8.48% | 8.66% | 8.65% | 8.66% |
|  Common Equity Tier 1 capital | 15.72% | 15.79% | 16.03% | 15.72% | 16.03% |

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

------

**POPULAR, INC.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

**Table B - Consolidated Statement of Operations** 

**(Unaudited)** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Quarters ended | Quarters ended | Variance | Quarter ended | Variance | Years ended | Years ended |
|  | | | Q4 2025 | | Q4 2025 | | |
| (In thousands, except per share information) | 31-Dec-25 | 30-Sep-25 | vs. Q3 2025 | 31-Dec-24 | vs. Q4 2024 | 31-Dec-25 | 31-Dec-24 |
|  Interest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans | $709819 | $702039 | $7780 | $673858 | $35961 | $2763118 | $2626058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money market investments | 48221 | 66867 | (18646) | 79302 | (31081) | 254786 | 352195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment securities | 197450 | 197743 | (293) | 166607 | 30843 | 765105 | 695010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total interest income | 955490 | 966649 | (11159) | 919767 | 35723 | 3783009 | 3673263 |
|  Interest expense: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits | 281543 | 303432 | (21889) | 315701 | (34158) | 1177896 | 1336121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term borrowings | 4476 | 4616 | (140) | 928 | 3548 | 15818 | 4676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-term debt | 11919 | 12096 | (177) | 12379 | (460) | 48092 | 50178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total interest expense | 297938 | 320144 | (22206) | 329008 | (31070) | 1241806 | 1390975 |
|  Net interest income | 657552 | 646505 | 11047 | 590759 | 66793 | 2541203 | 2282288 |
|  Provision for credit losses | 72016 | 75125 | (3109) | 66102 | 5914 | 260163 | 256942 |
|  Net interest income after provision for credit losses | 585536 | 571380 | 14156 | 524657 | 60879 | 2281040 | 2025346 |
|  Service charges on deposit accounts | 38911 | 39077 | (166) | 38060 | 851 | 155868 | 151343 |
|  Other service fees | 106505 | 101376 | 5129 | 99350 | 7155 | 402911 | 389233 |
|  Mortgage banking activities | 3624 | 2771 | 853 | 6306 | (2682) | 14956 | 19059 |
|  Net (loss) gain, including impairment, on equity securities | (2049) | 2197 | (4246) | (2459) | 410 | 1596 | (1583) |
|  Net gain (loss) on trading account debt securities | 452 | 398 | 54 | (10) | 462 | 1908 | 1445 |
|  Net gain on sale of loans, including valuation adjustments on loans held-for-sale |  |  |  | 440 | (440) |  | 440 |
|  Adjustments to indemnity reserves on loans sold | (503) | 36 | (539) | 483 | (986) | (174) | 1266 |
|  Other operating income | 19346 | 25340 | (5994) | 22533 | (3187) | 80954 | 97706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total non-interest income | 166286 | 171195 | (4909) | 164703 | 1583 | 658019 | 658909 |
|  Operating expenses: |  |  |  |  |  |  |  |
|  Personnel costs |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salaries | 139665 | 139350 | 315 | 135793 | 3872 | 542717 | 529794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commissions, incentives and other bonuses | 36394 | 35309 | 1085 | 30494 | 5900 | 150240 | 126081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit sharing | 12801 | 13000 | (199) |  | 12801 | 38801 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pension, postretirement and medical insurance | 17556 | 18749 | (1193) | 17794 | (238) | 69329 | 68185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other personnel costs, including payroll taxes | 23742 | 26580 | (2838) | 21713 | 2029 | 104127 | 96391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total personnel costs | 230158 | 232988 | (2830) | 205794 | 24364 | 905214 | 820451 |
|  Net occupancy expenses | 27772 | 26083 | 1689 | 27666 | 106 | 110213 | 111430 |
|  Equipment expenses | 5706 | 5313 | 393 | 4846 | 860 | 22110 | 33424 |
|  Other taxes | 17615 | 17967 | (352) | 18581 | (966) | 72939 | 66046 |
|  Professional fees | 29357 | 25808 | 3549 | 32452 | (3095) | 110098 | 125822 |
|  Technology and software expenses | 86124 | 87117 | (993) | 81395 | 4729 | 341605 | 329061 |
|  Processing and transactional services |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit and debit cards | 15470 | 14728 | 742 | 11657 | 3813 | 56168 | 49301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other processing and transactional services | 22866 | 23680 | (814) | 23410 | (544) | 96218 | 93376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total processing and transactional services | 38336 | 38408 | (72) | 35067 | 3269 | 152386 | 142677 |
|  Communications | 4520 | 4836 | (316) | 4756 | (236) | 19270 | 18899 |
|  Business promotion |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rewards and customer loyalty programs | 17741 | 17656 | 85 | 16778 | 963 | 69809 | 63773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other business promotion | 12178 | 9648 | 2530 | 13077 | (899) | 37474 | 38157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total business promotion | 29919 | 27304 | 2615 | 29855 | 64 | 107283 | 101930 |
|  Deposit insurance | (5946) | 10873 | (16819) | 9725 | (15671) | 24369 | 54626 |
|  Other real estate owned (OREO) income | (2531) | (3408) | 877 | (4379) | 1848 | (13393) | (18124) |
|  Other operating expenses |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operational losses | 2624 | 1634 | 990 | 6047 | (3423) | 16581 | 27200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All other | 9168 | 6980 | 2188 | 15117 | (5949) | 48841 | 71257 |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other operating expenses | 11792 | 8614 | 3178 | 21164 | (9372) | 65422.0 | 98457 |
|  Amortization of intangibles | 384 | 384.0 |  | 705 | (321) | 1750.0 | 2938 |
|  Goodwill impairment |  | 13000.0 | (13000) |  |  | 13000.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total operating expenses | 473206 | 495287.0 | (22081) | 467627 | 5579 | 1932266.0 | 1887637 |
|  Income before income tax | 278616 | 247288.0 | 31328 | 221733 | 56883 | 1006793.0 | 796618 |
|  Income tax expense | 44716 | 35971.0 | 8745 | 43916 | 800 | 173634.0 | 182406 |
|  **Net income** | $233900 | $211317.0 | $22583 | $177817 | $56083 | $833159.0 | $614212 |
|  **Net income applicable to common stock** | $233547 | $210964.0 | $22583 | $177464 | $56083 | $831747.0 | $612800 |
|  **Net income per common share - basic** | $3.53 | $3.15 | $0.38 | $2.51 | $1.02 | $12.31 | $8.56 |
|  **Net income per common share - diluted** | $3.53 | $3.14 | $0.39 | $2.51 | $1.02 | $12.3 | $8.56 |
|  **Dividends Declared per Common Share** | $0.75 | $0.75 | $— | $0.70 | $0.05 | $2.9 | $2.56 |

---

------

**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

**Table C - Consolidated Statement of Financial Condition** 

**(Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | | | Variance |
|  | | | | Q4 2025 vs. |
| (In thousands) | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 | Q3 2025 |
|  Assets: |  |  |  |  |
|  Cash and due from banks | $402755 | $377079 | $419638 | $25676 |
|  Money market investments | 4626506 | 4754391 | 6380948 | (127885) |
|  Trading account debt securities, at fair value | 36569 | 33122 | 32831 | 3447 |
|  Debt securities available-for-sale, at fair value | 20574972 | 20686423 | 18245903 | (111451) |
|  Debt securities held-to-maturity, at amortized cost | 7327529 | 7433135 | 7758077 | (105606) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Allowance for credit losses | 5812 | 5837 | 5317 | (25) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities held-to-maturity, net | 7321717 | 7427298 | 7752760 | (105581) |
|  Equity securities | 229848 | 218993 | 208166 | 10855 |
|  Loans held-for-sale, at lower of cost or fair value | 9998 | 7783 | 5423 | 2215 |
|  Loans held-in-portfolio | 39749142 | 39111956 | 37522995 | 637186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Unearned income | 421624 | 424798 | 415343 | (3174) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses | 808056 | 786220 | 746024 | 21836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans held-in-portfolio, net | 38519462 | 37900938 | 36361628 | 618524 |
|  Premises and equipment, net | 685820 | 679651 | 601787 | 6169 |
|  Other real estate | 42433 | 42950 | 57268 | (517) |
|  Accrued income receivable | 300824 | 297347 | 263389 | 3477 |
|  Mortgage servicing rights, at fair value | 96356 | 99523 | 108103 | (3167) |
|  Other assets | 1705977 | 1744886 | 1797759 | (38909) |
|  Goodwill | 789954 | 789954 | 802954 |  |
|  Other intangible assets | 5076 | 5460 | 6826 | (384) |
|  Total assets | $75348267 | $75065798 | $73045383 | $282469 |
|  Liabilities and Stockholders' Equity: |  |  |  |  |
|  Liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest bearing | $15304209 | $14874026 | $15139555 | $430183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest bearing | 50885884 | 51639378 | 49744790 | (753494) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total deposits | 66190093 | 66513404 | 64884345 | (323311) |
|  Assets sold under agreements to repurchase | 39001 | 56853 | 54833 | (17852) |
|  Other short-term borrowings | 650000 | 400000 | 225000 | 250000 |
|  Notes payable | 759577 | 789954 | 896293 | (30377) |
|  Other liabilities | 1460517 | 1189915 | 1371846 | 270602 |
|  Total liabilities | 69099188 | 68950126 | 67432317 | 149062 |
|  Stockholders' equity: |  |  |  |  |
|  Preferred stock | 22143 | 22143 | 22143 |  |
|  Common stock | 1049 | 1049 | 1048 |  |
|  Surplus | 4924296 | 4920767 | 4908693 | 3529 |
|  Retained earnings | 5206497 | 5022546 | 4570957 | 183951 |
|  Treasury stock | (2722819) | (2574573) | (2228535) | (148246) |
|  Accumulated other comprehensive loss, net of tax | (1182087) | (1276260) | (1661240) | 94173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total stockholders' equity | 6249079 | 6115672 | 5613066 | 133407 |
|  Total liabilities and stockholders' equity | $75348267 | $75065798 | $73045383 | $282469 |

---

------

**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

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

**For the quarters ended December 31, 2025 and September 30, 2025** 

**(Unaudited)** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Average Volume | Average Volume | Average Volume | Average Yields / Costs | Average Yields / Costs | Average Yields / Costs |  | Interest | Interest | Interest | Variance<br>Attributable to | Variance<br>Attributable to |
| 31-Dec-25 | 30-Sep-25 | Variance | 31-Dec-25 | 30-Sep-25 | Variance |  | 31-Dec-25 | 30-Sep-25 | Variance | Rate | Volume |
| (In millions) | (In millions) | (In millions) |  |  |  |  | (In thousands) | (In thousands) | (In thousands) | (In thousands) | (In thousands) |
| $4810 | $5990 | $(1180) | 3.98% | 4.43% | (0.45)% | Money market investments | $48221 | $66867 | $(18646) | $(6355) | $(12291) |
| 28892 | 28957 | (65) | 3.43 | 3.42 | 0.01 | Investment securities [1] | 249672 | 249071 | 601 | 488 | 113 |
| 32 | 28 | 4 | 5.26 | 5.43 | (0.17) | Trading securities | 430 | 391 | 39 | (12) | 51 |
| 33734 | 34975 | (1241) | 3.51 | 3.59 | (0.08) | Total money market, investment and trading securities | 298323 | 316329 | (18006) | (5879) | (12127) |
|  |  |  |  |  |  | Loans: |  |  |  |  |  |
| 19395 | 19229 | 166 | 6.75 | 6.72 | 0.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial | 330093 | 325869 | 4224 | 1401 | 2823 |
| 1639 | 1549 | 90 | 8.20 | 8.24 | (0.04) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction | 33871 | 32184 | 1687 | (189) | 1876 |
| 1991 | 1981 | 10 | 7.27 | 7.26 | 0.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Leasing | 36178 | 35957 | 221 | 44 | 177 |
| 8591 | 8484 | 107 | 6.02 | 5.96 | 0.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage | 129278 | 126352 | 2926 | 1315 | 1611 |
| 3294 | 3257 | 37 | 13.59 | 13.80 | (0.21) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer | 112828 | 113280 | (452) | (1667) | 1215 |
| 3933 | 3945 | (12) | 9.20 | 9.15 | 0.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 91216 | 91006 | 210 | 475 | (265) |
| 38843 | 38445 | 398 | 7.51 | 7.49 | 0.02 | Total loans | 733464 | 724648 | 8816 | 1379 | 7437 |
| $72577 | $73420 | $(843) | 5.65% | 5.63% | 0.02% | Total earning assets | $1031787 | $1040977 | $(9190) | $(4500) | $(4690) |
|  |  |  |  |  |  | Interest bearing deposits: |  |  |  |  |  |
| $8354 | $8184 | $170 | 1.74% | 1.77% | (0.03)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NOW and money market | $36632 | $36421 | $211 | $(1245) | $1456 |
| 14532 | 14529 | 3 | 0.79 | 0.81 | (0.02) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savings | 29095 | 29772 | (677) | (615) | (62) |
| 8859 | 8825 | 34 | 3.08 | 3.16 | (0.08) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 68777 | 70196 | (1419) | (2038) | 619 |
| 19651 | 20766 | (1115) | 2.97 | 3.19 | (0.22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; P.R. public deposits | 147039 | 167043 | (20004) | (11121) | (8883) |
| 51396 | 52304 | (908) | 2.17 | 2.30 | (0.13) | Total interest bearing deposits | 281543 | 303432 | (21889) | (15019) | (6870) |
| 14874 | 14846 | 28 |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest bearing demand deposits |  |  |  |  |  |
| 66270 | 67150 | (880) | 1.68 | 1.79 | (0.11) | Total deposits | 281543 | 303432 | (21889) | (15019) | (6870) |
| 425 | 405 | 20 | 4.18 | 4.52 | (0.34) | Short-term borrowings | 4476 | 4616 | (140) | (357) | 217 |
| 792 | 812 | (20) | 6.04 | 5.98 | 0.06 | Other medium and long-term debt | 11919 | 12096 | (177) | (130) | (47) |
| 52613 | 53521 | (908) | 2.24 | 2.37 | (0.13) | Total interest bearing liabilities (excluding demand deposits) | 297938 | 320144 | (22206) | (15506) | (6700) |
| 5090 | 5053 | 37 |  |  |  | Other sources of funds |  |  |  |  |  |
| $72577 | $73420 | $(843) | 1.62% | 1.73% | (0.11)% | Total source of funds | 297938 | 320144 | (22206) | (15506) | (6700) |
|  |  |  | 4.03% | 3.90% | 0.13% | Net interest margin/income on a taxable equivalent basis (Non-GAAP) | 733849 | 720833 | 13016 | $11006 | $2010 |
|  |  |  | 3.41% | 3.26% | 0.15% | Net interest spread |  |  |  |  |  |
|  |  |  |  |  |  | Taxable equivalent adjustment | 76297 | 74328 | 1969 |  |  |
|  |  |  | 3.61% | 3.51% | 0.10% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net interest margin/income non-taxable equivalent basis (GAAP) | $657552 | $646505 | $11047 |  |  |

---

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 Fourth Quarter 2025 Earnings Release** 

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

**For the quarters ended December 31, 2025 and December 31, 2024** 

**(Unaudited)** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Average Volume | Average Volume | Average Volume | Average Yields / Costs | Average Yields / Costs | Average Yields / Costs |  | Interest | Interest | Interest | Variance<br>Attributable to | Variance<br>Attributable to |
| 31-Dec-25 | 31-Dec-24 | Variance | 31-Dec-25 | 31-Dec-24 | Variance |  | 31-Dec-25 | 31-Dec-24 | Variance | Rate | Volume |
| (In millions) | (In millions) | (In millions) |  |  |  |  | (In thousands) | (In thousands) | (In thousands) | (In thousands) | (In thousands) |
| $4810 | $6571 | $(1761) | 3.98% | 4.80% | (0.82)% | Money market investments | $48221 | $79301 | $(31080) | $(12030) | $(19050) |
| 28892 | 27015 | 1877 | 3.43 | 2.92 | 0.51 | Investment securities [1] | 249672 | 198116 | 51556 | 33697 | 17859 |
| 32 | 32 |  | 5.26 | 5.82 | (0.56) | Trading securities | 430 | 470 | (40) | (44) | 4 |
| 33734 | 33618 | 116 | 3.51 | 3.29 | 0.22 | Total money market, investment and trading securities | 298323 | 277887 | 20436 | 21623 | (1187) |
|  |  |  |  |  |  | Loans: |  |  |  |  |  |
| 19395 | 18297 | 1098 | 6.75 | 6.84 | (0.09) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial | 330093 | 314615 | 15478 | (3244) | 18722 |
| 1639 | 1204 | 435 | 8.20 | 8.38 | (0.18) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction | 33871 | 25352 | 8519 | (493) | 9012 |
| 1991 | 1898 | 93 | 7.27 | 7.03 | 0.24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Leasing | 36178 | 33361 | 2817 | 1145 | 1672 |
| 8591 | 8039 | 552 | 6.02 | 5.78 | 0.24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage | 129278 | 116254 | 13024 | 4827 | 8197 |
| 3294 | 3218 | 76 | 13.59 | 13.79 | (0.20) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer | 112828 | 111538 | 1290 | (1254) | 2544 |
| 3933 | 3908 | 25 | 9.20 | 9.02 | 0.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 91216 | 88564 | 2652 | 2080 | 572 |
| 38843 | 36564 | 2279 | 7.51 | 7.51 |  | Total loans | 733464 | 689684 | 43780 | 3061 | 40719 |
| $72577 | $70182 | $2395 | 5.65% | 5.49% | 0.16% | Total earning assets | $1031787 | $967571 | $64216 | $24684 | $39532 |
|  |  |  |  |  |  | Interest bearing deposits: |  |  |  |  |  |
| $8354 | $7322 | $1032 | 1.74% | 1.93% | (0.19)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NOW and money market | $36632 | $35596 | $1036 | $(3509) | $4545 |
| 14532 | 14243 | 289 | 0.79 | 0.87 | (0.08) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savings | 29095 | 31314 | (2219) | (2988) | 769 |
| 8859 | 8308 | 551 | 3.08 | 3.34 | (0.26) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 68777 | 69800 | (1023) | (5620) | 4597 |
| 19651 | 19305 | 346 | 2.97 | 3.69 | (0.72) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; P.R. public deposits | 147039 | 178991 | (31952) | (34985) | 3033 |
| 51396 | 49178 | 2218 | 2.17 | 2.55 | (0.38) | Total interest bearing deposits | 281543 | 315701 | (34158) | (47102) | 12944 |
| 14874 | 15034 | (160) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest bearing demand deposits |  |  |  |  |  |
| 66270 | 64212 | 2058 | 1.68 | 1.96 | (0.28) | Total deposits | 281543 | 315701 | (34158) | (47102) | 12944 |
| 425 | 73 | 352 | 4.18 | 5.09 | (0.91) | Short-term borrowings | 4476 | 928 | 3548 | (136) | 3684 |
| 792 | 923 | (131) | 6.04 | 5.39 | 0.65 | Other medium and long-term debt | 11919 | 12379 | (460) | 175 | (635) |
| 52613 | 50174 | 2439 | 2.24 | 2.61 | (0.37) | Total interest bearing liabilities (excluding demand deposits) | 297938 | 329008 | (31070) | (47063) | 15993 |
| 5090 | 4974 | 116 |  |  |  | Other sources of funds |  |  |  |  |  |
| $72577 | $70182 | $2395 | 1.62% | 1.87% | (0.25)% | Total source of funds | 297938 | 329008 | (31070) | (47063) | 15993 |
|  |  |  | 4.03% | 3.62% | 0.41% | Net interest margin/income on a taxable equivalent basis (Non-GAAP) | 733849 | 638563 | 95286 | $71747 | $23539 |
|  |  |  | 3.41% | 2.88% | 0.53% | Net interest spread |  |  |  |  |  |
|  |  |  |  |  |  | Taxable equivalent adjustment | 76297 | 47804 | 28493 |  |  |
|  |  |  | 3.61% | 3.35% | 0.26% | Net interest margin/income non-taxable equivalent basis (GAAP) | $657552 | $590759 | $66793 |  |  |

---

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 Fourth Quarter 2025 Earnings Release** 

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

**(Unaudited)** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Average Volume | Average Volume | Average Volume | Average Yields / Costs | Average Yields / Costs | Average Yields / Costs |  | Interest | Interest | Interest | Variance<br>Attributable to | Variance<br>Attributable to |
| 31-Dec-25 | 31-Dec-24 | Variance | 31-Dec-25 | 31-Dec-24 | Variance |  | 31-Dec-25 | 31-Dec-24 | Variance | Rate | Volume |
| (In millions) | (In millions) | (In millions) |  |  |  |  | (In thousands) | (In thousands) | (In thousands) | (In thousands) | (In thousands) |
| $5853 | $6641 | $(788) | 4.35% | 5.30% | (0.95)% | Money market investments | $254786 | $352194 | $(97408) | $(58638) | $(38770) |
| 28770 | 27955 | 815 | 3.32 | 2.89 | 0.43 | Investment securities [1] | 955548 | 808458 | 147090 | 113349 | 33741 |
| 30 | 30 |  | 5.61 | 5.23 | 0.38 | Trading securities | 1667 | 1583 | 84 | 112 | (28) |
| 34653 | 34626 | 27 | 3.50 | 3.36 | 0.14 | Total money market, investment and trading securities | 1212001 | 1162235 | 49766 | 54823 | (5057) |
|  |  |  |  |  |  | Loans: |  |  |  |  |  |
| 18951 | 17855 | 1096 | 6.73 | 6.86 | (0.13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial | 1275422 | 1224856 | 50566 | (23568) | 74134 |
| 1490 | 1099 | 391 | 8.19 | 8.81 | (0.62) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction | 122051 | 96778 | 25273 | (7168) | 32441 |
| 1969 | 1820 | 149 | 7.20 | 6.90 | 0.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Leasing | 141828 | 125652 | 16176 | 5637 | 10539 |
| 8397 | 7873 | 524 | 5.92 | 5.70 | 0.22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage | 497419 | 448880 | 48539 | 17945 | 30594 |
| 3241 | 3211 | 30 | 13.85 | 13.90 | (0.05) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer | 448958 | 446357 | 2601 | (1950) | 4551 |
| 3935 | 3843 | 92 | 9.15 | 8.90 | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 359870 | 342075 | 17795 | 9537 | 8258 |
| 37983 | 35701 | 2282 | 7.49 | 7.52 | (0.03) | Total loans | 2845548 | 2684598 | 160950 | 433 | 160517 |
| $72636 | $70327 | $2309 | 5.59% | 5.47% | 0.12% | Total earning assets | $4057549 | $3846833 | $210716 | $55256 | $155460 |
|  |  |  |  |  |  | Interest bearing deposits: |  |  |  |  |  |
| $8147 | $7498 | $649 | 1.73% | 1.99% | (0.26)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NOW and money market | $141344 | $149438 | $(8094) | $(18950) | $10856 |
| 14543 | 14495 | 48 | 0.83 | 0.91 | (0.08) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savings | 120525 | 132321 | (11796) | (12160) | 364 |
| 8656 | 8183 | 473 | 3.15 | 3.35 | (0.20) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 272686 | 273814 | (1128) | (17272) | 16144 |
| 20259 | 19203 | 1056 | 3.18 | 4.06 | (0.88) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; P.R public deposits | 643341 | 780548 | (137207) | (178506) | 41299 |
| 51605 | 49379 | 2226 | 2.28 | 2.71 | (0.43) | Total interest bearing deposits | 1177896 | 1336121 | (158225) | (226888) | 68663 |
| 14798 | 15065 | (267) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest bearing demand deposits |  |  |  |  |  |
| 66403 | 64444 | 1959 | 1.77 | 2.07 | (0.30) | Total deposits | 1177896 | 1336121 | (158225) | (226888) | 68663 |
| 356 | 84 | 272 | 4.44 | 5.53 | (1.09) | Short-term borrowings | 15818 | 4676 | 11142 | (801) | 11943 |
| 824 | 962 | (138) | 5.83 | 5.22 | 0.61 | Other medium and long-term debt | 48092 | 50178 | (2086) | 5241 | (7327) |
| 52785 | 50425 | 2360 | 2.35 | 2.76 | (0.41) | Total interest bearing liabilities (excluding demand deposits) | 1241806 | 1390975 | (149169) | (222448) | 73279 |
| 5053 | 4837 | 216 |  |  |  | Other sources of funds |  |  |  |  |  |
| $72636 | $70327 | $2309 | 1.71% | 1.98% | (0.27)% | Total source of funds | 1241806 | 1390975 | (149169) | (222448) | 73279 |
|  |  |  | 3.88% | 3.49% | 0.39% | Net interest margin/income on a taxable equivalent basis (Non-GAAP) | 2815743 | 2455858 | 359885 | $277704 | $82181 |
|  |  |  | 3.24% | 2.71% | 0.53% | Net interest spread |  |  |  |  |  |
|  |  |  |  |  |  | Taxable equivalent adjustment | 274540 | 173570 | 100970 |  |  |
|  |  |  | 3.49% | 3.24% | 0.25% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net interest margin/income non-taxable equivalent basis (GAAP) | $2541203 | $2282288 | $258915 |  |  |

---

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 Fourth Quarter 2025 Earnings Release** 

**Table G - Mortgage Banking Activities and Other Service Fees** 

**(Unaudited)** 

**Mortgage Banking Activities** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Quarters ended | Quarters ended | Quarters ended | Variance | Variance | Years ended | Years ended | Variance |
| (In thousands) | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 | Q4 2025<br>vs.Q3 2025 | Q4 2025<br>vs.Q4 2024 | 31-Dec-25 | 31-Dec-24 | 2025 vs.<br>2024 |
|  Mortgage servicing fees, net of fair value adjustments: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage servicing fees | $6805 | $6744 | $7315 | $61 | $(510) | $27629 | $30227 | $(2598) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage servicing rights fair value adjustments | (3521) | (3835) | (1090) | 314 | (2431) | (12880) | (11370) | (1510) |
|  Total mortgage servicing fees, net of fair value adjustments | 3284 | 2909 | 6225 | 375 | (2941) | 14749 | 18857 | (4108) |
|  Net gain (loss) on sale of loans, including valuation on loans held-for-sale | 505 | (53) | (79) | 558 | 584 | 608 | 317 | 291 |
|  Trading account (loss) profit: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized (losses) gains on outstanding derivative positions | (45) | 51 | 72 | (96) | (117) | (89) | 185 | (274) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized (losses) gains on closed derivative positions | (53) | (122) | 99 | 69 | (152) | (184) | (150) | (34) |
|  Total trading account (loss) profit | (98) | (71) | 171 | (27) | (269) | (273) | 35 | (308) |
|  Losses on repurchased loans, including interest advances | (67) | (14) | (11) | (53) | (56) | (128) | (150) | 22 |
|  Total mortgage banking activities | $3624 | $2771 | $6306 | $853 | $(2682) | $14956 | $19059 | $(4103) |

---

**Other Service Fees** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Quarters ended | Quarters ended | Quarters ended | Variance | Variance | Years ended | Years ended | Variance |
| (In thousands) | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 | Q4 2025<br>vs.Q3 2025 | Q4 2025<br>vs.Q4 2024 | 31-Dec-25 | 31-Dec-24 | 2025 vs.<br>2024 |
|  Other service fees: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debit card fees | $30399 | $28084 | $26903 | $2315 | $3496 | $112833 | $105810 | $7023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance fees | 14465 | 12995 | 14619 | 1470 | (154) | 51464 | 58098 | (6634) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit card fees | 32772 | 32668 | 30803 | 104 | 1969 | 128072 | 122380 | 5692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sale and administration of investment products | 10203 | 9459 | 9549 | 744 | 654 | 37693 | 33213 | 4480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trust fees | 7276 | 6998 | 6635 | 278 | 641 | 27200 | 26679 | 521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other fees | 11390 | 11172 | 10841 | 218 | 549 | 45649 | 43053 | 2596 |
|  Total other service fees | $106505 | $101376 | $99350 | $5129 | $7155 | $402911 | $389233 | $13678 |

---

------

**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

**Table H - Consolidated Loans and Deposits** 

**(Unaudited)** 

**Loans - Ending Balances** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | | Variance | Variance | Variance | Variance |
| (Dollars in thousands) | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 | Q4 2025 vs.Q3<br>2025 | % of<br>Change | Q4 2025 vs.Q4<br>2024 | % of<br>Change |
|  Loans held-in-portfolio: | Loans held-in-portfolio: |  |  |  |  |  |  |
|  Commercial |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | $2455790 | $2489589 | $2399620 | $(33799) | (1.36%) | $56170 | 2.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate non-owner occupied | 5543284 | 5462580 | 5363235 | 80704 | 1.48% | 180049 | 3.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate owner occupied | 3153080 | 3090724 | 3157746 | 62356 | 2.02% | (4666) | (0.15%) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 8607412 | 8245639 | 7741562 | 361773 | 4.39% | 865850 | 11.18% |
|  Total Commercial | 19759566 | 19288532 | 18662163 | 471034 | 2.44% | 1097403 | 5.88% |
|  Construction | 1674899 | 1604612 | 1263792 | 70287 | 4.38% | 411107 | 32.53% |
|  Mortgage | 8649440 | 8558408 | 8114183 | 91032 | 1.06% | 535257 | 6.60% |
|  Leasing | 2001365 | 1998651 | 1925405 | 2714 | 0.14% | 75960 | 3.95% |
|  Consumer |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 1256717 | 1225567 | 1218079 | 31150 | 2.54% | 38638 | 3.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 78692 | 78890 | 73571 | (198) | (0.25%) | 5121 | 6.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 1906228 | 1900325 | 1855244 | 5903 | 0.31% | 50984 | 2.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 3819812 | 3850953 | 3823437 | (31141) | (0.81%) | (3625) | (0.09%) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 180799 | 181220 | 171778 | (421) | (0.23%) | 9021 | 5.25% |
|  Total Consumer | 7242248 | 7236955 | 7142109 | 5293 | 0.07% | 100139 | 1.40% |
|  Total loans held-in-portfolio | $39327518 | $38687158 | $37107652 | $640360 | 1.66% | $2219866 | 5.98% |
|  Loans held-for-sale: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage | $9998 | $7783 | $5423 | $2215 | 28.46% | $4575 | 84.36% |
|  Total loans held-for-sale | $9998 | $7783 | $5423 | $2215 | 28.46% | $4575 | 84.36% |
|  Total loans | $39337516 | $38694941 | $37113075 | $642575 | 1.66% | $2224441 | 5.99% |

---

**Deposits - Ending Balances** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | | Variance | Variance | Variance | Variance |
| (In thousands) | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 | Q4 2025 vs.<br>Q3 2025 | % of<br>Change | Q4 2025<br>vs.Q4 2024 | % of<br>Change |
|  Deposits excluding P.R. public deposits: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Demand deposits | $15304209 | $14874026 | $15139555 | $430183 | 2.89% | $164654 | 1.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savings, NOW and money market deposits (non-brokered) | 21876088 | 21739958 | 21177506 | 136130 | 0.63% | 698582 | 3.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savings, NOW and money market deposits (brokered) | 867414 | 883471 | 736225 | (16057) | (1.82%) | 131189 | 17.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time deposits (non-brokered) | 7769226 | 8014080 | 7476924 | (244854) | (3.06%) | 292302 | 3.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time deposits (brokered CDs) | 959394 | 925761 | 890704 | 33633 | 3.63% | 68690 | 7.71% |
|  Sub-total deposits excluding P.R. public deposits | 46776331 | 46437296 | 45420914 | 339035 | 0.73% | 1355417 | 2.98% |
|  P.R. public deposits: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Demand deposits [1] | 11528804 | 12487246 | 11730273 | (958442) | (7.68%) | (201469) | (1.72%) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savings, NOW and money market deposits (non-brokered) | 7134217 | 6907309 | 7087904 | 226908 | 3.29% | 46313 | 0.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time deposits (non-brokered) | 750741 | 681553 | 645254 | 69188 | 10.15% | 105487 | 16.35% |
|  Sub-total P.R. public deposits | 19413762 | 20076108 | 19463431 | (662346) | (3.30%) | (49669) | (0.26%) |
|  Total deposits | $66190093 | $66513404 | $64884345 | $(323311) | (0.49%) | $1305748 | 2.01% |

---

[1] Includes interest bearing demand deposits.

------

**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

**Table I - Loan Delinquency -BPPR Operations** 

**(Unaudited)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 |
| BPPR | BPPR | BPPR | BPPR | BPPR | BPPR | BPPR | BPPR | BPPR |
|  | Past due | Past due | Past due | Past due |  |  | Past due 90 days or more | Past due 90 days or more |
| (In thousands) | 30-59<br>days | 60-89<br>days | 90 days<br>or more | Total<br>past due | Current | Loans HIP | Non-accrual<br>loans | Accruing<br>loans |
|  Commercial multi-family | $6579 | $155 | $112 | $6846 | $296502 | $303348 | $112 | $— |
|  Commercial real estate: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-owner occupied | 2457 | 299 | 35692 | 38448 | 3356682 | 3395130 | 35692 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owner occupied | 2760 | 681 | 24567 | 28008 | 1168585 | 1196593 | 24567 |  |
|  Commercial and industrial | 8864 | 3760 | 187222 | 199846 | 5770227 | 5970073 | 183914 | 3308 |
|  Construction | 17283 |  |  | 17283 | 340258 | 357541 |  |  |
|  Mortgage | 261145 | 133124 | 329613 | 723882 | 6624085 | 7347967 | 132373 | 197240 |
|  Leasing | 23748 | 4640 | 9179 | 37567 | 1963798 | 2001365 | 9179 |  |
|  Consumer: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 13700 | 10617 | 27529 | 51846 | 1204885 | 1256731 |  | 27529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit |  |  |  |  | 1908 | 1908 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 19608 | 11894 | 19082 | 50584 | 1785818 | 1836402 | 18863 | 219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 109103 | 25495 | 52200 | 186798 | 3633014 | 3819812 | 52200 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 927 | 2688 | 2285 | 5900 | 165858 | 171758 | 1809 | 476 |
|  Total | $466174 | $193353 | $687481 | $1347008 | $26311620 | $27658628 | $458709 | $228772 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 |
| BPPR | BPPR | BPPR | BPPR | BPPR | BPPR | BPPR | BPPR | BPPR |
|  | Past due | Past due | Past due | Past due |  |  | Past due 90 days or more | Past due 90 days or more |
| (In thousands) | 30-59<br>days | 60-89<br>days | 90 days<br>or more | Total<br>past due | Current | Loans HIP | Non-accrual<br>loans | Accruing<br>loans |
|  Commercial multi-family | $1357 | $1 | $174 | $1532 | $300834 | $302366 | $174 | $— |
|  Commercial real estate: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-owner occupied | 17422 | 292 | 37043 | 54757 | 3247988 | 3302745 | 37043 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owner occupied | 2004 | 152 | 25619 | 27775 | 1167509 | 1195284 | 25619 |  |
|  Commercial and industrial | 4237 | 2032 | 178224 | 184493 | 5567505 | 5751998 | 173245 | 4979 |
|  Construction | 2898 | 1691 |  | 4589 | 299364 | 303953 |  |  |
|  Mortgage | 252650 | 118092 | 314103 | 684845 | 6548261 | 7233106 | 139958 | 174145 |
|  Leasing | 23537 | 5372 | 7747 | 36656 | 1961995 | 1998651 | 7747 |  |
|  Consumer: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 13556 | 9917 | 25625 | 49098 | 1176469 | 1225567 |  | 25625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit |  |  |  |  | 1693 | 1693 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 19826 | 11353 | 18375 | 49554 | 1773594 | 1823148 | 18375 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 107907 | 21874 | 49432 | 179213 | 3671740 | 3850953 | 49432 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 2907 | 245 | 2195 | 5347 | 166980 | 172327 | 1776 | 419 |
|  Total | $448301 | $171021 | $658537 | $1277859 | $25883932 | $27161791 | $453369 | $205168 |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Variance | Variance | Variance | Variance | Variance | Variance | Variance | Variance | Variance |
|  | Past due | Past due | Past due | Past due |  |  | Past due 90 days or more | Past due 90 days or more |
| (In thousands) | 30-59<br>days | 60-89<br>days | 90 days<br>or more | Total<br>past due | Current | Loans HIP | Non-accrual<br>loans | Accruing<br>loans |
|  Commercial multi-family | $5222 | $154 | $(62) | $5314 | $(4332) | $982 | $(62) | $— |
|  Commercial real estate: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-owner occupied | (14965) | 7 | (1351) | (16309) | 108694 | 92385 | (1351) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owner occupied | 756 | 529 | (1052) | 233 | 1076 | 1309 | (1052) |  |
|  Commercial and industrial | 4627 | 1728 | 8998 | 15353 | 202722 | 218075 | 10669 | (1671) |
|  Construction | 14385 | (1691) |  | 12694 | 40894 | 53588 |  |  |
|  Mortgage | 8495 | 15032 | 15510 | 39037 | 75824 | 114861 | (7585) | 23095 |
|  Leasing | 211 | (732) | 1432 | 911 | 1803 | 2714 | 1432 |  |
|  Consumer: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 144 | 700 | 1904 | 2748 | 28416 | 31164 |  | 1904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit |  |  |  |  | 215 | 215 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | (218) | 541 | 707 | 1030 | 12224 | 13254 | 488 | 219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 1196 | 3621 | 2768 | 7585 | (38726) | (31141) | 2768 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | (1980) | 2443 | 90 | 553 | (1122) | (569) | 33 | 57 |
|  Total | $17873 | $22332 | $28944 | $69149 | $427688 | $496837 | $5340 | $23604 |

---

------

**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

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

**(Unaudited)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 |
| Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. |
|  | Past due | Past due | Past due | Past due |  |  | Past due 90 days or<br>more | Past due 90 days or<br>more |
| (In thousands) | 30-59<br>days | 60-89<br>days | 90 days<br>or more | Total<br>past due | Current | Loans HIP | Non-accrual<br>loans | Accruing<br>loans |
|  Commercial multi-family | $9500 | $— | $8636 | $18136 | $2134306 | $2152442 | $8636 | $— |
|  Commercial real estate: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-owner occupied |  | 1600 | 7020 | 8620 | 2139534 | 2148154 | 7020 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owner occupied |  |  |  |  | 1956487 | 1956487 |  |  |
|  Commercial and industrial | 7608 | 928 | 6686 | 15222 | 2622117 | 2637339 | 6498 | 188 |
|  Construction |  |  |  |  | 1317358 | 1317358 |  |  |
|  Mortgage | 15596 | 6400 | 13422 | 35418 | 1266055 | 1301473 | 13422 |  |
|  Consumer: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards |  |  |  |  | (14) | (14) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 1282 | 82 | 2796 | 4160 | 72624 | 76784 | 2796 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 983 | 832 | 1233 | 3048 | 66778 | 69826 | 1233 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  |  | 29 | 29 | 9012 | 9041 | 29 |  |
|  Total | $34969 | $9842 | $39822 | $84633 | $11584257 | $11668890 | $39634 | $188 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 |
| Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. |
|  | Past due | Past due | Past due | Past due |  |  | Past due 90 days or<br>more | Past due 90 days or<br>more |
| (In thousands) | 30-59<br>days | 60-89<br>days | 90 days<br>or more | Total<br>past due | Current | Loans HIP | Non-accrual<br>loans | Accruing<br>loans |
|  Commercial multi-family | $— | $2638 | $8467 | $11105 | $2176118 | $2187223 | $8467 | $— |
|  Commercial real estate: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-owner occupied | 84 |  | 7083 | 7167 | 2152668 | 2159835 | 7083 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owner occupied | 15171 | 217 |  | 15388 | 1880052 | 1895440 |  |  |
|  Commercial and industrial | 14949 |  | 1434 | 16383 | 2477258 | 2493641 | 1246 | 188 |
|  Construction |  |  |  |  | 1300659 | 1300659 |  |  |
|  Mortgage | 1298 | 4988 | 27809 | 34095 | 1291207 | 1325302 | 27809 |  |
|  Consumer: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 395 | 335 | 3257 | 3987 | 73210 | 77197 | 3257 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 1006 | 990 | 941 | 2937 | 74240 | 77177 | 941 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  |  | 30 | 30 | 8863 | 8893 | 30 |  |
|  Total | $32903 | $9168 | $49021 | $91092 | $11434275 | $11525367 | $48833 | $188 |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Variance | Variance | Variance | Variance | Variance | Variance | Variance | Variance | Variance |
|  | Past due | Past due | Past due | Past due |  |  | Past due 90 days or more | Past due 90 days or more |
| (In thousands) | 30-59 days | 60-89<br>days | 90 days or<br>more | Total<br>past due | Current | Loans HIP | Non-accrual<br>loans | Accruing<br>loans |
|  Commercial multi-family | $9500 | $(2638) | $169 | $7031 | $(41812) | $(34781) | $169 | $— |
|  Commercial real estate: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-owner occupied | (84) | 1600 | (63) | 1453 | (13134) | (11681) | (63) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owner occupied | (15171) | (217) |  | (15388) | 76435 | 61047 |  |  |
|  Commercial and industrial | (7341) | 928 | 5252 | (1161) | 144859 | 143698 | 5252 |  |
|  Construction |  |  |  |  | 16699 | 16699 |  |  |
|  Mortgage | 14298 | 1412 | (14387) | 1323 | (25152) | (23829) | (14387) |  |
|  Consumer: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards |  |  |  |  | (14) | (14) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 887 | (253) | (461) | 173 | (586) | (413) | (461) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | (23) | (158) | 292 | 111 | (7462) | (7351) | 292 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  |  | (1) | (1) | 149 | 148 | (1) |  |
|  Total | $2066 | $674 | $(9199) | $(6459) | $149982 | $143523 | $(9199) | $— |

---

------

**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

**Table K - Loan Delinquency - Consolidated** 

**(Unaudited)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 |
| Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. |
|  | Past due | Past due | Past due | Past due |  |  | Past due 90 days or more | Past due 90 days or more |
| (In thousands) | 30-59<br>days | 60-89<br>days | 90 days<br>or more | Total past<br>due | Current | Loans HIP | Non-accrual<br>loans | Accruing<br>loans |
|  Commercial multi-family | $16079 | $155 | $8748 | $24982 | $2430808 | $2455790 | $8748 | $— |
|  Commercial real estate: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-owner occupied | 2457 | 1899 | 42712 | 47068 | 5496216 | 5543284 | 42712 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owner occupied | 2760 | 681 | 24567 | 28008 | 3125072 | 3153080 | 24567 |  |
|  Commercial and industrial | 16472 | 4688 | 193908 | 215068 | 8392344 | 8607412 | 190412 | 3496 |
|  Construction | 17283 |  |  | 17283 | 1657616 | 1674899 |  |  |
|  Mortgage | 276741 | 139524 | 343035 | 759300 | 7890140 | 8649440 | 145795 | 197240 |
|  Leasing | 23748 | 4640 | 9179 | 37567 | 1963798 | 2001365 | 9179 |  |
|  Consumer: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 13700 | 10617 | 27529 | 51846 | 1204871 | 1256717 |  | 27529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 1282 | 82 | 2796 | 4160 | 74532 | 78692 | 2796 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 20591 | 12726 | 20315 | 53632 | 1852596 | 1906228 | 20096 | 219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 109103 | 25495 | 52200 | 186798 | 3633014 | 3819812 | 52200 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 927 | 2688 | 2314 | 5929 | 174870 | 180799 | 1838 | 476 |
|  Total | $501143 | $203195 | $727303 | $1431641 | $37895877 | $39327518 | $498343 | $228960 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 |
| Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. |
|  | Past due | Past due | Past due | Past due |  |  | Past due 90 days or more | Past due 90 days or more |
| (In thousands) | 30-59<br>days | 60-89<br>days | 90 days<br>or more | Total past<br>due | Current | Loans HIP | Non-accrual<br>loans | Accruing<br>loans |
|  Commercial multi-family | $1357 | $2639 | $8641 | $12637 | $2476952 | $2489589 | $8641 | $— |
|  Commercial real estate: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-owner occupied | 17506 | 292 | 44126 | 61924 | 5400656 | 5462580 | 44126 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owner occupied | 17175 | 369 | 25619 | 43163 | 3047561 | 3090724 | 25619 |  |
|  Commercial and industrial | 19186 | 2032 | 179658 | 200876 | 8044763 | 8245639 | 174491 | 5167 |
|  Construction | 2898 | 1691 |  | 4589 | 1600023 | 1604612 |  |  |
|  Mortgage | 253948 | 123080 | 341912 | 718940 | 7839468 | 8558408 | 167767 | 174145 |
|  Leasing | 23537 | 5372 | 7747 | 36656 | 1961995 | 1998651 | 7747 |  |
|  Consumer: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 13556 | 9917 | 25625 | 49098 | 1176469 | 1225567 |  | 25625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 395 | 335 | 3257 | 3987 | 74903 | 78890 | 3257 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 20832 | 12343 | 19316 | 52491 | 1847834 | 1900325 | 19316 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 107907 | 21874 | 49432 | 179213 | 3671740 | 3850953 | 49432 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 2907 | 245 | 2225 | 5377 | 175843 | 181220 | 1806 | 419 |
|  Total | $481204 | $180189 | $707558 | $1368951 | $37318207 | $38687158 | $502202 | $205356 |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Variance | Variance | Variance | Variance | Variance | Variance | Variance | Variance | Variance |
|  | Past due | Past due | Past due | Past due |  |  | Past due 90 days or more | Past due 90 days or more |
| (In thousands) | 30-59<br>days | 60-89<br>days | 90 days<br>or more | Total past<br>due | Current | Loans HIP | Non-accrual<br>loans | Accruing<br>loans |
|  Commercial multi-family | $14722 | $(2484) | $107 | $12345 | $(46144) | $(33799) | $107 | $— |
|  Commercial real estate: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-owner occupied | (15049) | 1607 | (1414) | (14856) | 95560 | 80704 | (1414) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owner occupied | (14415) | 312 | (1052) | (15155) | 77511 | 62356 | (1052) |  |
|  Commercial and industrial | (2714) | 2656 | 14250 | 14192 | 347581 | 361773 | 15921 | (1671) |
|  Construction | 14385 | (1691) |  | 12694 | 57593 | 70287 |  |  |
|  Mortgage | 22793 | 16444 | 1123 | 40360 | 50672 | 91032 | (21972) | 23095 |
|  Leasing | 211 | (732) | 1432 | 911 | 1803 | 2714 | 1432 |  |
|  Consumer: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 144 | 700 | 1904 | 2748 | 28402 | 31150 |  | 1904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 887 | (253) | (461) | 173 | (371) | (198) | (461) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | (241) | 383 | 999 | 1141 | 4762 | 5903 | 780 | 219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 1196 | 3621 | 2768 | 7585 | (38726) | (31141) | 2768 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | (1980) | 2443 | 89 | 552 | (973) | (421) | 32 | 57 |
|  Total | $19939 | $23006 | $19745 | $62690 | $577670 | $640360 | $(3859) | $23604 |

---

------

**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

**Table L - Non-Performing Assets** 

**(Unaudited)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | | | | | Variance | Variance |
| (Dollars in thousands) | 31-Dec-25 | As a % of<br>loans HIP by<br>category | 30-Sep-25 | As a % of<br>loans HIP by<br>category | 31-Dec-24 | As a % of<br>loans HIP by<br>category | Q4 2025 vs.<br>Q3 2025 | Q4 2025 vs.<br>Q4 2024 |
|  Non-accrual loans: |  |  |  |  |  |  |  |  |
|  Commercial |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | $8748 | 0.4% | $8641 | 0.3% | $8779 | 0.4% | $107 | $(31) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate non-owner occupied | 42712 | 0.8 | 44126 | 0.8 | 14444 | 0.3 | (1414) | 28268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate owner occupied | 24567 | 0.8 | 25619 | 0.8 | 30449 | 1 | (1052) | (5882) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 190412 | 2.2 | 174491 | 2.1 | 21083 | 0.3 | 15921 | 169329 |
|  Total Commercial | 266439 | 1.3 | 252877 | 1.3 | 74755 | 0.4 | 13562 | 191684 |
|  Mortgage | 145795 | 1.7 | 167767 | 2 | 188332 | 2.3 | (21972) | (42537) |
|  Leasing | 9179 | 0.5 | 7747 | 0.4 | 9588 | 0.5 | 1432 | (409) |
|  Consumer |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 2796 | 3.6 | 3257 | 4.1 | 3393 | 4.6 | (461) | (597) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 20096 | 1.1 | 19316 | 1 | 22010 | 1.2 | 780 | (1914) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 52200 | 1.4 | 49432 | 1.3 | 51792 | 1.4 | 2768 | 408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 1838 | 1 | 1806 | 1 | 910 | 0.5 | 32 | 928 |
|  Total Consumer | 76930 | 1.1 | 73811 | 1 | 78105 | 1.1 | 3119 | (1175) |
|  Total non-performing loans held-in-portfolio | 498343 | 1.3% | 502202 | 1.3% | 350780 | 0.9% | (3859) | 147563 |
|  Other real estate owned ("OREO") | 42433 |  | 42950 |  | 57268 |  | (517) | (14835) |
|  Total non-performing assets [1] | 540776 |  | 545152 |  | 408048 |  | (4376) | 132728 |
|  Accruing loans past due 90 days or more [2] | $228960 |  | $205356 |  | $242440 |  | $23604 | $(13480) |
|  **Ratios:** |  |  |  |  |  |  |  |  |
|  Non-performing assets to total assets | 0.72% |  | 0.73% |  | 0.56% |  |  |  |
|  Non-performing loans held-in-portfolio to loans held-in-portfolio | 1.27 |  | 1.30 |  | 0.95 |  |  |  |
|  Allowance for credit losses to loans held-in-portfolio | 2.05 |  | 2.03 |  | 2.01 |  |  |  |
|  Allowance for credit losses to non-performing loans, excluding loans held-for-sale | 162.15 |  | 156.55 |  | 212.68 |  |  |  |

---

[1] There were no non-performing loans held-for-sale as of December 31, 2025, September 30, 2025 and December 31, 2024.

---

| | |
|:---|:---|
| [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 December 31, 2025, related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below (September 30, 2025 - $9 million; December 31, 2024 - $9 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 $47 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of December 31, 2025 (September 30, 2025 - $49 million; December 31, 2024 - $65 million). Furthermore, the Corporation has approximately $27 million reverse mortgage loans which are guaranteed by FHA, as of December 31, 2025. Due to the guaranteed nature of the loans, it is the Corporation's policy to exclude these balances from non-performing assets (September 30, 2025 - $29 million; December 31, 2024 - $31 million).  |

---

------

**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

**Table M - Activity in Non-Performing Loans** 

**(Unaudited)** 

**<u>Commercial loans held-in-portfolio:</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Quarter ended<br>31-Dec-25 | Quarter ended<br>31-Dec-25 | Quarter ended<br>31-Dec-25 | Quarter ended<br>30-Sep-25 | Quarter ended<br>30-Sep-25 | Quarter ended<br>30-Sep-25 |
| (In thousands) | BPPR | Popular U.S. | Popular, Inc. | BPPR | Popular U.S. | Popular, Inc. |
|  Beginning balance NPLs | $236081 | $16796 | $252877 | $42166 | $21711 | $63877 |
|  Plus: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New non-performing loans | 15528 | 6272 | 21800 | 211193 | 1775 | 212968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advances on existing non-performing loans | (2312) | 31 | (2281) |  | 48 | 48 |
|  Less: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-performing loans charged-off | (3027) | (17) | (3044) | (13779) |  | (13779) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans returned to accrual status / loan collections | (1985) | (928) | (2913) | (3499) | (6738) | (10237) |
|  Ending balance NPLs | $244285 | $22154 | $266439 | $236081 | $16796 | $252877 |

---

**<u>Mortgage loans held-in-portfolio:</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Quarter ended<br>31-Dec-25 | Quarter ended<br>31-Dec-25 | Quarter ended<br>31-Dec-25 | Quarter ended<br>30-Sep-25 | Quarter ended<br>30-Sep-25 | Quarter ended<br>30-Sep-25 |
| (In thousands) | BPPR | Popular U.S. | Popular, Inc. | BPPR | Popular U.S. | Popular, Inc. |
|  Beginning balance NPLs | $139958 | $27809 | $167767 | $147464 | $28052 | $175516 |
|  Plus: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New non-performing loans | 32689 | 4193 | 36882 | 30552 | 3011 | 33563 |
|  Less: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-performing loans transferred to OREO | (5794) |  | (5794) | (2333) |  | (2333) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-performing loans charged-off | 273 |  | 273 | (75) |  | (75) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans returned to accrual status / loan collections | (34753) | (18580) | (53333) | (35650) | (3254) | (38904) |
|  Ending balance NPLs | $132373 | $13422 | $145795 | $139958 | $27809 | $167767 |

---

**<u>Total non-performing loans held-in-portfolio (excluding consumer):</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Quarter ended<br>31-Dec-25 | Quarter ended<br>31-Dec-25 | Quarter ended<br>31-Dec-25 | Quarter ended<br>30-Sep-25 | Quarter ended<br>30-Sep-25 | Quarter ended<br>30-Sep-25 |
| (In thousands) | BPPR | Popular U.S. | Popular, Inc. | BPPR | Popular U.S. | Popular, Inc. |
|  Beginning balance NPLs | $376039 | $44605 | $420644 | $189630 | $49763 | $239393 |
|  Plus: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New non-performing loans | 48217 | 10465 | 58682 | 241745 | 4786 | 246531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advances on existing non-performing loans | (2312) | 31 | (2281) |  | 48 | 48 |
|  Less: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-performing loans transferred to OREO | (5794) |  | (5794) | (2333) |  | (2333) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-performing loans charged-off | (2754) | (17) | (2771) | (13854) |  | (13854) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans returned to accrual status / loan collections | (36738) | (19508) | (56246) | (39149) | (9992) | (49141) |
|  Ending balance NPLs | $376658 | $35576 | $412234 | $376039 | $44605 | $420644 |

---

------

**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

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

**(Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | Quarters ended | Quarters ended | Quarters ended |
| (In thousands) | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 |
|  Balance at beginning of period - loans held-in-portfolio | $786220 | $769485 | $744320 |
|  Provision for credit losses | 71426 | 74517 | 69129 |
|  Initial allowance for credit losses - PCD Loans | 2 | 6 | 8 |
|  | 857648 | 844008 | 813457 |
|  **Net loans charge-off (recovered)- BPPR** |  |  |  |
|  Commercial: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | (2) | (2) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate non-owner occupied | 5 | 12614 | (369) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate owner occupied | (683) | (947) | (473) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 4893 | 1467 | 2000 |
|  Total Commercial | 4213 | 13132 | 1156 |
|  Construction | (31) |  |  |
|  Mortgage | (3000) | (2216) | (1938) |
|  Leasing | 2724 | 2054 | 3615 |
|  Consumer: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 13558 | 15310 | 16854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | (145) | (89) | (65) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 18279 | 15685 | 23358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 12914 | 12036 | 19028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Consumer | 659 | 627 | 596 |
|  Total Consumer | 45265 | 43569 | 59771 |
|  Total net charged-off BPPR | $49171 | $56539 | $62604 |
|  **Net loans charge-off (recovered)—Popular U.S.** |  |  |  |
|  Commercial: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | (38) | (60) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate non-owner occupied |  |  | (362) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate owner occupied | (78) | (16) | 135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | (218) | 660 | 1445 |
|  Total Commercial | (334) | 584 | 1217 |
|  Construction | (125) |  |  |
|  Mortgage | (35) | (36) | (27) |
|  Consumer: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | (26) | (423) | (104) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 154 | 1109 | 3728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Consumer | 787 | 15 | 15 |
|  Total Consumer | 915 | 701 | 3639 |
|  Total net charged-off Popular U.S. | $421 | $1249 | $4829 |
|  Total loans net charged-off - Popular, Inc. | $49592 | $57788 | $67433 |
|  Balance at end of period - loans held-in-portfolio | $808056 | $786220 | $746024 |
|  Balance at beginning of period—unfunded commitments | $13823 | $13053 | $18384 |
|  Provision for credit losses (benefit) | 615 | 770 | (2914) |
|  Balance at end of period - unfunded commitments [1] | $14438 | $13823 | $15470 |
|  POPULAR, INC. |  |  |  |
|  Annualized net charge-offs (recoveries) to average loans held-in-portfolio | 0.51% | 0.60% | 0.74% |
|  Provision for credit losses (benefit) - loan portfolios to net charge-offs | 144.03% | 128.95% | 102.52% |
|  BPPR |  |  |  |
|  Annualized net charge-offs (recoveries) to average loans held-in-portfolio | 0.72% | 0.84% | 0.97% |
|  Provision for credit losses (benefit) - loan portfolios to net charge-offs | 145.89% | 128.48% | 107.16% |
|  Popular U.S. |  |  |  |
|  Annualized net charge-offs (recoveries) to average loans held-in-portfolio | 0.01% | 0.04% | 0.18% |
|  Provision for credit losses (benefit) - loan portfolios to net charge-offs | (73.16)% | 150.36% | 42.27% |

---

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

------

---

| | | |
|:---|:---|:---|
|  | Year ended | Year ended |
|  | 31-Dec-25 | 31-Dec-24 |
| <u>(Dollars in thousands)</u> | Total | Total |
|  Balance at beginning of period—loans held-in-portfolio | $746024 | $729341 |
|  Provision for credit losses (benefit) | 260700 | 258441 |
|  Initial allowance for credit losses—PCD Loans | 17 | 34 |
|  | 1006741 | 987816 |
|  **Net loans charge-off (recovered)- BPPR** |  |  |
|  Commercial: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | (12) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate non-owner occupied | 11573 | (728) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate owner occupied | (3041) | (914) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 6268 | 17859 |
|  Total Commercial | 14788 | 16214 |
|  Construction | (31) | (1036) |
|  Mortgage | (10142) | (14007) |
|  Leasing | 10786 | 12256 |
|  Consumer: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 62608 | 59381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | (655) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 68078 | 88459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 44994 | 60032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Consumer | 2550 | 1751 |
|  Total Consumer | 177575 | 209627 |
|  Total net charged-off BPPR | 192976 | 223054 |
|  Net loans charge-off (recovered) - Popular U.S. |  |  |
|  Commercial: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | 464 | 430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate non-owner occupied |  | (476) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate owner occupied | (631) | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 1162 | 3213 |
|  Total Commercial | 995 | 3200 |
|  Construction | (125) | (100) |
|  Mortgage | (288) | (115) |
|  Consumer: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | (1265) | (755) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 5557 | 16447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Consumer | 835 | 61 |
|  Total Consumer | 5127 | 15753 |
|  Total net charged-off Popular U.S. | 5709 | 18738 |
|  Total loans charged-off - Popular, Inc. | 198685 | 241792 |
|  Balance at end of period - loans held-in-portfolio | $808056 | $746024 |
|  Balance at beginning of period - unfunded commitments | $15470 | $17006 |
|  Provision for credit losses (benefit) | (1032) | (1536) |
|  Balance at end of period - unfunded commitments [1] | $14438 | $15470 |
|  POPULAR, INC. |  |  |
|  Annualized net charge-offs to average loans held-in-portfolio | 0.52% | 0.68% |
|  Provision for credit losses (benefit) - loan portfolios to net charge-offs | 131.21% | 106.89% |
|  BPPR |  |  |
|  Annualized net charge-offs to average loans held-in-portfolio | 0.72% | 0.89% |
|  Provision for credit losses (benefit) - loan portfolios to net charge-offs | 124.48% | 113.80% |
|  Popular U.S. |  |  |
|  Annualized net charge-offs to average loans held-in-portfolio | 0.05% | 0.18% |
|  Provision for credit losses (benefit) - loan portfolios to net charge-offs | 358.85% | 24.62% |

---

[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 Fourth Quarter 2025 Earnings Release** 

**Table O - Allowance for Credit Losses "ACL"- Loan Portfolios - BPPR Operations** 

**(Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
| 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 |
| BPPR | BPPR | BPPR | BPPR |
| (Dollars in thousands) | Total ACL | Total loans<br>held-in-portfolio | ACL to loans<br>held-in-portfolio |
|  Commercial: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | $3871 | $303348 | 1.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - non-owner occupied | 44149 | 3395130 | 1.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - owner occupied | 34722 | 1196593 | 2.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 163877 | 5970073 | 2.74% |
|  Total commercial | $246619 | $10865144 | 2.27% |
|  Construction | 4488 | 357541 | 1.26% |
|  Mortgage | 70674 | 7347967 | 0.96% |
|  Leasing | 18620 | 2001365 | 0.93% |
|  Consumer: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 91124 | 1256731 | 7.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 58 | 1908 | 3.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 97804 | 1836402 | 5.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 180364 | 3819812 | 4.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 8169 | 171758 | 4.76% |
|  Total consumer | $377519 | $7086611 | 5.33% |
|  Total | $717920 | $27658628 | 2.60% |

---

---

| | | | |
|:---|:---|:---|:---|
| 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 |
| BPPR | BPPR | BPPR | BPPR |
| (Dollars in thousands) | Total ACL | Total loans<br>held-in-portfolio | ACL to loans<br>held-in-portfolio |
|  Commercial: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | $3521 | $302366 | 1.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - non-owner occupied | 41456 | 3302745 | 1.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - owner occupied | 34584 | 1195284 | 2.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 151955 | 5751998 | 2.64% |
|  Total commercial | $231516 | $10552393 | 2.19% |
|  Construction | 3445 | 303953 | 1.13% |
|  Mortgage | 77525 | 7233106 | 1.07% |
|  Leasing | 19220 | 1998651 | 0.96% |
|  Consumer: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 87208 | 1225567 | 7.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 48 | 1693 | 2.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 90401 | 1823148 | 4.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 177819 | 3850953 | 4.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 8173 | 172327 | 4.74% |
|  Total consumer | $363649 | $7073688 | 5.14% |
|  Total | $695355 | $27161791 | 2.56% |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Variance | Variance | Variance | Variance |
| (Dollars in thousands) | Total ACL | Total loans<br>held-in-portfolio | ACL to loans<br>held-in-portfolio |
|  Commercial: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | $350 | $982 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - non-owner occupied | 2693 | 92385 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - owner occupied | 138 | 1309 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 11922 | 218075 | 0.10% |
|  Total commercial | $15103 | $312751 | 0.08% |
|  Construction | 1043 | 53588 | 0.13% |
|  Mortgage | (6851) | 114861 | (0.11)% |
|  Leasing | (600) | 2714 | (0.03)% |
|  Consumer: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 3916 | 31164 | 0.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 10 | 215 | 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 7403 | 13254 | 0.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 2545 | (31141) | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | (4) | (569) | 0.02% |
|  Total consumer | $13870 | $12923 | 0.19% |
|  Total | $22565 | $496837 | 0.04% |

---

------

**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

**Table P - Allowance for Credit Losses "ACL"- Loan Portfolios - POPULAR U.S. Operations** 

**(Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
| 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 |
| Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. |
| (Dollars in thousands) | Total ACL | Total loans<br>held-in-portfolio | ACL to loans<br>held-in-portfolio |
|  Commercial: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | $15474 | $2152442 | 0.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - non-owner occupied | 14568 | 2148154 | 0.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - owner occupied | 13729 | 1956487 | 0.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 17057 | 2637339 | 0.65% |
|  Total commercial | $60828 | $8894422 | 0.68% |
|  Construction | 9338 | 1317358 | 0.71% |
|  Mortgage | 9880 | 1301473 | 0.76% |
|  Consumer: |  |  |  |
|  Credit cards |  | (14) | -% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 1277 | 76784 | 1.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 8808 | 69826 | 12.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 5 | 9041 | 0.06% |
|  Total consumer | $10090 | $155637 | 6.48% |
|  Total | $90136 | $11668890 | 0.77% |

---

---

| | | | |
|:---|:---|:---|:---|
| 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 |
| Popular U.S. | Popular U.S. | Popular U.S. | Popular U.S. |
| (Dollars in thousands) | Total ACL | Total loans<br>held-in-portfolio | ACL to loans<br>held-in-portfolio |
|  Commercial: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | $13061 | $2187223 | 0.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - non-owner occupied | 17389 | 2159835 | 0.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - owner occupied | 14607 | 1895440 | 0.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 17352 | 2493641 | 0.70% |
|  Total commercial | $62409 | $8736139 | 0.71% |
|  Construction | 7659 | 1300659 | 0.59% |
|  Mortgage | 9456 | 1325302 | 0.71% |
|  Consumer: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 1500 | 77197 | 1.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 9837 | 77177 | 12.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 4 | 8893 | 0.04% |
|  Total consumer | $11341 | $163267 | 6.95% |
|  Total | $90865 | $11525367 | 0.79% |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Variance | Variance | Variance | Variance |
| (Dollars in thousands) | Total ACL | Total loans<br>held-in-portfolio | ACL to loans<br>held-in-portfolio |
|  Commercial: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | $2413 | $(34781) | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - non-owner occupied | (2821) | (11681) | (0.13)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - owner occupied | (878) | 61047 | (0.07)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | (295) | 143698 | (0.05)% |
|  Total commercial | $(1581) | $158283 | (0.03)% |
|  Construction | 1679 | 16699 | 0.12% |
|  Mortgage | 424 | (23829) | 0.05% |
|  Consumer: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards |  | (14) | -% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | (223) | (413) | (0.28)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | (1029) | (7351) | (0.14)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 1 | 148 | 0.02% |
|  Total consumer | $(1251) | $(7630) | (0.47)% |
|  Total | $(729) | $143523 | (0.02)% |

---

------

**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

**Table Q - Allowance for Credit Losses "ACL"- Loan Portfolios - Consolidated** 

**(Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
| 31-Dec-25 | 31-Dec-25 | 31-Dec-25 | 31-Dec-25 |
| (Dollars in thousands) | Total ACL | Total loans<br>held-in-portfolio | ACL to loans<br>held-in-portfolio |
|  Commercial: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | $19345 | $2455790 | 0.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - non-owner occupied | 58717 | 5543284 | 1.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - owner occupied | 48451 | 3153080 | 1.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 180934 | 8607412 | 2.10% |
|  Total commercial | $307447 | $19759566 | 1.56% |
|  Construction | 13826 | 1674899 | 0.83% |
|  Mortgage | 80554 | 8649440 | 0.93% |
|  Leasing | 18620 | 2001365 | 0.93% |
|  Consumer: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 91124 | 1256717 | 7.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 1335 | 78692 | 1.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 106612 | 1906228 | 5.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 180364 | 3819812 | 4.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 8174 | 180799 | 4.52% |
|  Total consumer | $387609 | $7242248 | 5.35% |
|  Total | $808056 | $39327518 | 2.05% |

---

---

| | | | |
|:---|:---|:---|:---|
| 30-Sep-25 | 30-Sep-25 | 30-Sep-25 | 30-Sep-25 |
| (Dollars in thousands) | Total ACL | Total loans<br>held-in-portfolio | ACL to loans<br>held-in-portfolio |
|  Commercial: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | $16582 | $2489589 | 0.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - non-owner occupied | 58845 | 5462580 | 1.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - owner occupied | 49191 | 3090724 | 1.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 169307 | 8245639 | 2.05% |
|  Total commercial | $293925 | $19288532 | 1.52% |
|  Construction | 11104 | 1604612 | 0.69% |
|  Mortgage | 86981 | 8558408 | 1.02% |
|  Leasing | 19220 | 1998651 | 0.96% |
|  Consumer: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 87208 | 1225567 | 7.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | 1548 | 78890 | 1.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 100238 | 1900325 | 5.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 177819 | 3850953 | 4.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 8177 | 181220 | 4.51% |
|  Total consumer | $374990 | $7236955 | 5.18% |
|  Total | $786220 | $38687158 | 2.03% |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Variance | Variance | Variance | Variance |
| (Dollars in thousands) | Total ACL | Total loans<br>held-in-portfolio | ACL to loans<br>held-in-portfolio |
|  Commercial: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial multi-family | $2763 | $(33799) | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - non-owner occupied | (128) | 80704 | (0.02)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate - owner occupied | (740) | 62356 | (0.05)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 11627 | 361773 | 0.05% |
|  Total commercial | $13522 | $471034 | 0.04% |
|  Construction | 2722 | 70287 | 0.14% |
|  Mortgage | (6427) | 91032 | (0.09)% |
|  Leasing | (600) | 2714 | (0.03)% |
|  Consumer: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 3916 | 31150 | 0.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home equity lines of credit | (213) | (198) | (0.26)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal | 6374 | 5903 | 0.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auto | 2545 | (31141) | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | (3) | (421) | 0.01% |
|  Total consumer | $12619 | $5293 | 0.17% |
|  Total | $21836 | $640360 | 0.02% |

---

------

**Popular, Inc.** 

**Financial Supplement to Fourth Quarter 2025 Earnings Release** 

**Table R - Reconciliation to GAAP Financial Measures** 

**(Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
| (In thousands, except share or per share information) | 31-Dec-25 | 30-Sep-25 | 31-Dec-24 |
|  Total stockholders' equity | $6249079 | $6115672 | $5613066 |
|  Less: Preferred stock | (22143) | (22143) | (22143) |
|  Less: Goodwill | (789954) | (789954) | (802954) |
|  Less: Other intangibles | (5076) | (5460) | (6826) |
|  Total tangible common equity | $5431906 | $5298115 | $4781143 |
|  Total assets | $75348267 | $75065798 | $73045383 |
|  Less: Goodwill | (789954) | (789954) | (802954) |
|  Less: Other intangibles | (5076) | (5460) | (6826) |
|  Total tangible assets | $74553237 | $74270384 | $72235603 |
|  Tangible common equity to tangible assets | 7.29% | 7.13% | 6.62% |
|  Common shares outstanding at end of period | 65719385 | 66959866 | 70141291 |
|  Tangible book value per common share | $82.65 | $79.12 | $68.16 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Quarterly average | Quarterly average | Quarterly average |
|  Total stockholders' equity [1] | $6995332 | $6943541 | $6620766 |
|  Average unrealized (gains) losses on AFS securities transferred to HTM | 259058 | 296934 | 505791 |
|  Adjusted total stockholder's equity | 7254390 | 7240475 | 7126557 |
|  Less: Preferred Stock | (22143) | (22143) | (22143) |
|  Less: Goodwill | (789954) | (802812) | (804411) |
|  Less: Other intangibles | (5328) | (5714) | (7288) |
|  Total tangible equity | $6436965 | $6409806 | $6292715 |
|  Return on average tangible common equity | 14.39% | 13.06% | 11.22% |

---

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

---

| | | |
|:---|:---|:---|
|  | Year-to-date average | Year-to-date average |
|  Total stockholders' equity [1] | $6892821 | $6480598 |
|  Average unrealized (gains) losses on AFS securities transferred to HTM | 314861 | 572595 |
|  Adjusted total stockholder's equity | 7207682 | 7053193 |
|  Less: Preferred Stock | (22143) | (22143) |
|  Less: Goodwill | (799641) | (804423) |
|  Less: Other intangibles | (5927) | (8366) |
|  Total tangible equity | $6379971 | $6218261 |
|  Return on average tangible common equity | 13.04% | 9.85% |

---

[1] Average balances exclude 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

<u>pcardillo@popular.com</u>

**or** 

**Media Relations:** 

MC González Noguera, 917-804-5253

Executive Vice President and Chief Communications & Public Affairs Officer

<u>mc.gonzalez@popular.com</u>

## Exhibit 99.2

![](g51010ex99_2p1g1.jpg)

Exhibit 99.2 Investor Presentation Fourth Quarter 2025

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![](g51010ex99_2p2g1.jpg)

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, 2024, our Form 10-Q for the quarters ended March 31, 2025, June 30, 2025, and September 30, 2025, and in our Annual Report on Form 10-K for the year ended December 31, 2025 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

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![](g51010ex99_2p3g1.jpg)

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 long-term value to our shareholders 3

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![](g51010ex99_2p4g1.jpg)

2025 Highlights Financial Highlights Annual Highlights ($ in millions, except per share information) Income Statement 2025 2024 Change Highlights: Net Income $833 $614 $219 • Net income of $833 million increased $219 million YoY driven by higher net interest 1 Adjusted Net Income 823 646 177 income Net Interest Margin (NIM) 3.49% 3.24% 0.25% • Adjusted net income of $823 million excludes the impact of a partial release of the 2 Net Interest Margin FTE 3.88% 3.49% 0.39% FDIC special assessment reserve Total Deposit Costs 1.77% 2.07% (0.30%) • NIM of 3.49% increased 25 bps; FTE NIM expanded 39 bps to 3.88% EPS $12.31 $8 .56 $3 .75 • Loans held in portfolio grew $2.2 billion or 6.0%, driven by commercial and construction loans at both banks and mortgage loans in BPPR Financial Ratios • Total deposits increased $1.3 billion or 2.0%; excluding P.R. public deposits, ROA 1.10% 0.84% 0.26% customer deposits increased $1.4 billion or 3.0% 3 ROTCE 13.04% 9.85% 3.19% • Total deposit costs decreased 30 bps to 1.77% driven by an 88 bps reduction in P.R. public deposit costs Ending Balances • NCO Ratio of 0.52% vs. 0.68% in 2024 Loans Held in Portfolio $39,328 $3 7,108 $2 ,220 • NPLs increased $147 million to $498 million driven, in part, by two unrelated Total Assets 7 5,348 73,045 2,303 commercial loans in BPPR with a combined book value of $188 million; NPL Ratio at Total Deposits 66,190 6 4,884 1 ,306 1.27% vs. 0.95% in 2024 Borrowings 1,449 1 ,176 273 • Tangible book value per share increased $14.49 or 21.3% to $82.65 • ROTCE increased to 13.04% Credit Quality • Common Equity Tier 1 decreased 31 bps to 15.72% Non-Performing Loans (NPLs) $498 $351 $147 NPL Ratio 1.27% 0.95% 0.32% Capital Actions NCO Ratio 0.52% 0.68% (0.16%)• Announced a new $500 million common stock repurchase authorization in Q3 2025: ACL-NPL Ratio 162% 213% (51%) ⁻ Through the end of 2025, repurchased $502 million in common stock at an average price of $107.61 per share; as of December 31, 2025, $281 million Capital remained available for common stock repurchase under the active Common Equity Tier 1 15.72% 16.03% (0.31%) authorization Tangible Book Value Per Share $82.65 $6 8.16 $14.49 • Increased our quarterly common stock dividend from $0.70 to $0.75 per share 4 See Slide 16 for footnotes Differences due to rounding

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Q4 2025 Highlights Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q4 2025 Q3 2025 Change Q4 2024 Highlights: Net Income $234 $211 $23 $178 • Net income increased $23 million to $234 million 1 Adjusted Net Income 224 211 13 178• Adjusted net income of $224 million excludes the impact of a partial Net Interest Margin (NIM) 3.61% 3.51% 0.10% 3.35% release of the FDIC special assessment reserve 2 Net Interest Margin FTE 4.03% 3.90% 0.13% 3.62% • Net interest income increased $11 million to $658 million Total Deposit Costs 1.68% 1.79% (0.11%) 1.96% • NIM of 3.61% increased 10 bps; FTE NIM expanded 13 bps to 4.03% EPS $3.53 $3.15 $0.38 $2 .51 • Loans held in portfolio grew $641 million or 1.7%, driven by commercial and construction loans at both banks and mortgage loans Financial Ratios in BPPR ROA 1.23% 1.09% 0.14% 0.97% • Total deposits decreased $323 million or 1.0%; excluding P.R. public 3 ROTCE 14.39% 13.06% 1.33% 11.22% deposits, customer deposits increased $339 million or 0.7% • Total deposit costs decreased 11 bps driven by a 22 bps reduction in Ending Balances P.R. public deposit costs Loans Held in Portfolio $3 9,328 $3 8,687 $641 $37,108 • NPLs decreased $4 million to $498 million; NPL ratio at 1.27% vs. Total Assets 75,348 75,066 282 73,045 1.30% in Q3 Total Deposits 66,190 66,513 (323) 64,884 • NCO Ratio of 0.51% vs. 0.60% in Q3 Borrowings 1,449 1,247 202 1,176 • Tangible book value per share increased $3.53 or 4.5% to $82.65 • ROTCE increased to 14.39% Credit Quality • Common Equity Tier 1 decreased 7 bps to 15.72% Non-Performing Loans (NPLs) $498 $502 $(4) $351 NPL Ratio 1.27% 1.30% (0.03%) 0.95% NCO Ratio 0.51% 0.60% (0.09%) 0.74% Capital Actions ACL-NPL Ratio 162% 157% 5% 213% • Repurchased $148 million in common stock at an average price of $118.34 per share and increased quarterly common stock dividend Capital per share to $0.75, an increase from $0.70 Common Equity Tier 1 15.72% 15.79% (0.07%) 16.03% ⁻ $281 million remained under the active common stock Tangible Book Value Per Share $82.65 $7 9.12 $3.53 $68.16 repurchase authorization as of December 31, 2025 5 See Slide 16 for footnotes Differences due to rounding

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Q4 Business Highlights BPPR Popular U.S. ($ in millions) Q4 2025 Q3 2025 Change Q4 2024 ($ in millions) Q4 2025 Q3 2025 Change Q4 2024 Loans Held in Portfolio $27,628 $27,131 $497 $26,147 Loans Held in Portfolio $1 1,669 $11,525 $144 $10,929 P.R. Public Deposits 19,414 20,076 (662) 19,463 Total Deposits 12,034 12,162 (128) 11,704 Total Deposits 54,741 54,878 (137) 54,054 Borrowings 792 582 210 480 Borrowings 62 70 (8) 103 Net Interest Margin 3.11% 2.94% 0.17% 2.71% Net Interest Margin 3.78% 3.71% 0.07% 3.56% Total Deposit Costs 2.85% 2.96% (0.11%) 3.20% Total Deposit Costs 1.42% 1.53% (0.11%) 1.67% Highlights: Highlights: • Loans held in portfolio increased $144 million: • Loans held in portfolio increased $497 million: - commercial and construction loans increased $175 million - commercial and construction loans increased $366 million - mortgage loans decreased $24 million - mortgage loans increased $115 million - mortgage loan originations in Popular U.S. were discontinued at the - credit cards increased $31 million end of Q3 2025 - auto loans and leases decreased $28 million • NIM increased 17 bps to 3.11%: • NIM increased 7 bps to 3.78%: - loan yields increased 12 bps to 6.14% - investment securities yields decreased 4 bps to 2.64% - total deposit costs decreased 11 bps to 2.85% - loan yields decreased 5 bps to 7.74% - total deposit costs decreased 11 bps to 1.42% • Borrowings increased $210 million due to $250 million in short-term FHLB - P.R. public deposit costs decreased 22 bps to 2.97% advances - excluding P.R. public deposits, total deposit costs decreased 1 bp 6 Differences due to rounding

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Financial Summary Quarterly Results (unaudited) ($ in thousands, except EPS) Q4 2025 Q3 2025 Variance Net interest income $6 57,552 $646,505 $11,047 Provision for credit losses 72,016 75,125 (3,109) Net interest income after provision for credit losses $585,536 $571,380 $14,156 Other fees 11,723 1 1,723 - Banking fees 1 13,472 111,001 2,471 Asset management and insurance fees 31,944 29,452 2 ,492 Mortgage banking activities 3,624 2 ,771 853 Other operating income 17,246 27,971 (10,725) Total non-interest income $1 66,286 $171,195 $(4,909) Total personnel costs 230,158 232,988 (2,830) Net occupancy 27,772 2 6,083 1,689 Technology and software expenses 86,124 8 7,117 (993) Transactional services 38,336 38,408 (72) Professional fees 29,357 25,808 3,549 Business promotions 29,919 2 7,304 2,615 Goodwill impairment - 1 3,000 (13,000) Other operating expenses 31,540 44,579 (13,039) Total operating expenses $473,206 $495,287 $(22,081) Income before income tax 2 78,616 247,288 3 1,328 Income tax expense 44,716 35,971 8 ,745 Net income $2 33,900 $211,317 $22,583 EPS $3.53 $3.15 $0.38 1 ROTCE 14.39% 13.06% 1.33% 7 See Slide 16 for footnotes Differences due to rounding

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Net Interest Income and NIM Dynamics Quarter Highlights: Earning Assets 1 (ending balances, $ in billions) • Net interest income increased by $11 million to $658 million $72.8 $71.8 $72.1 $70.8 $69.7 • Net interest margin increased 10 bps to 3.61% 0.1 4 70.0 0 $38.2 $39.3 $38.7 $37.3 ₋ Primarily driven by lower cost of P.R. public deposits by 22 bps; 0.1 2 $37.1 60.0 0 P.R. public deposit costs decreased 88 bps in 2025 0.1 50.0 0 7.51% 7.50% 7.49% 7.51% 7.48% • Net interest margin FTE of 4.03% increased 13 bps 0.0 8 40.0 0 - Money market and investment securities yields decreased 8 bps 0.0 6 30.0 0 $34.6 $33.6 $33.1 $32.8 $32.6 0.0 4 • Money market and investment securities decreased $331 million; 20.0 0 represent 45% of earning assets 10.0 0 0.0 2 3.59% 3.50% 3.51% 3.38% 3.29% • Average total deposits decreased $880 million. Excluding P.R. public - 0 deposits, average customer deposits increased $236 million Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Loan balances Money market and investment securities Loan yields (FTE) Money market and investment securities yields (FTE) Net Interest Income and NIM Sources of Funds ($ in millions) 1 (ending balances, $ in billions) $658 $68.6 $647 $67.8 $67.6 $66.9 $632 $66.1 0.06 00 $606 $591 0.0 7 600 $20.9 60.0 0 $20.1 $19.4 $19.6 0.0 6 $19.5 0.05 00 500 50.0 0 0.0 5 3.70% 5.63% 5.65% 5.57% 0.04 00 5.49% 5.49% 3.32% 3.22% 3.19% 400 40.0 0 2.97% 0.0 4 0.03 00 300 4.03% 3.90% 30.0 0 3.85% 0.0 3 3.73% 3.62% 0.02 00 $46.2 $46.3 $46.4 $46.8 $45.4 200 20.0 0 0.0 2 0.01 00 100 1.87% 0.0 1 10.0 0 1.76% 1.72% 1.73% 1.62% 1.21% 1.17% 1.17% 1.15% 1.14% - 0 - - Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 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 16 for footnotes 8 Differences due to rounding

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Non-Interest Income Quarter Highlights: Change vs. • Non-interest income of $166 million Q3 Q4 decreased $4 million ($ in millions) Q4 2025 Q3 2025 Variance Q4 2024 2025 2024 ⁻ Mainly in other operating income Service charges on deposits $38.9 $39.1 $(0.2) $38.1 (0%) 2% due to a $5 million retroactive Debit card fees 30.4 28.1 2.3 26.9 8% 13% charge to a tenant in Q3 and an Credit card fees 32.8 32.7 0.1 30.8 0% 6% unfavorable variance of $4 million Other fees 11.4 11.2 0.2 10.8 2% 5% related to securities held for Banking fees $113.5 $111.0 $2.5 $106.6 2% 6% deferred benefit plans in Q4 which Insurance fees 14.5 13.0 1.5 14.6 11% (1%) has an offsetting effect on personnel costs Brokerage and asset management fees 10.2 9.5 0.7 9.5 8% 7% Trust fees 7.3 7.0 0.3 6.6 4% 10% Asset management and insurance fees $31.9 $29.5 $2.5 $30.8 8% 4% Mortgage banking activities 3.6 2.8 0.9 6.3 31% (43%) Other operating income 17.2 28.0 (10.7) 21.0 (38%) (18%) Non-interest income $166.3 $171.2 $(4.9) $164.7 (3%) 1% Non-Interest Income ($ in millions) $171 $168 $168 $166 180 .00 180 .00 $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 - - Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Banking fees Asset management and insurance Other operating income Mortgage banking activities Daily car rental income (sold in Q4 2024) 9 Differences due to rounding

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Operating Expenses Quarter Highlights: Change vs. • Operating expenses decreased by $22 Q3 Q4 $ in millions Q4 2025 Q3 2025 Variance Q4 2024 million to $473 million 2025 2024 Salaries $139.7 $139.3 $0.3 $135.8 0% 3% ⁻ Driven by a $15 million partial release Commissions and incentives 36.4 35.3 1.1 30.5 3% 19% of the FDIC special assessment reserve 1 41.3 45.3 (4.0) 39.5 (9%) 5% Pension, postretirement and other and a $13 million goodwill impairment Profit sharing 12.8 13.0 (0.2) 0.0 - - charge in Popular U.S. equipment Total personnel costs $230.2 $233.0 $(2.8) $205.8 (1%) 12% leasing subsidiary during Q3 Technology and software (1.0) 81.4 86.1 87.1 (1%) 6% Transactional services 38.3 38.4 (0.1) 35.1 (0%) 9% Professional fees 3.5 32.5 14% (10%) 29.4 25.8 Net occupancy 27.8 26.1 1.7 27.7 6% 0% Business promotion 10% 0% 29.9 27.3 2.6 29.9 Goodwill impairment - 13.0 (13.0) - (100%) 0% Other operating expenses 31.5 44.6 (13.0) 55.4 (29%) (43%) Operating expenses $473.2 $495.3 $(22.1) $467.6 (4%) 1% Operating Expenses ($ in millions) 600 .00 600 .00 $495 $493 $471 $473 $468 500 .00 500 .00 400 .00 400 .00 300 .00 300 .00 200 .00 200 .00 100 .00 100 .00 - - Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Personnel costs Technology and professional fees Net occupancy and other expenses Business promotion and transactional services See Slide 16 for footnotes 10 Differences due to rounding

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Capital Quarter Highlights: • Repurchased $719 million in common stock since resumption of share repurchase program in Q3 2024 1 • Popular, Inc. TCE increased 67 bps to 7.29% compared to Q4 2024 • Tier 1 Capital represents 5 bps of Total Capital as of Q4 2025 Common Equity Tier 1 Regulatory Capital Stack as of Q4 2025 1.73% 17.50% 3.79% 15.72% 0.05% (1.00%) (1.87%) 16.30% 15.72% (1.49%) Q4-23 Net income Dividends Repurchases RWA and other Q4-25 CET1 Additional Tier 1 Tier 2 Total Capital Popular, Inc. BPPR Q4 2024 Q3 2025 Q4 2025 Q4 2024 Q3 2025 Q4 2025 17.16% 17.05% 0.1 8 16.85% 15.90% 15.90% 17.83% 15.78% 15.78% 17.58% 17.50% 15.59% 15.59% 0.1 6 0.1 8 16.03% 16.08% 15.79% 15.72% 15.84% 15.77% 0.1 6 0.1 4 0.1 4 0.1 2 0.1 2 0.1 0.1 8.66% 8.48% 8.65% 7.48% 7.48% 7.42% 0.0 8 7.13% 7.29% 0.0 8 6.62% 5.58% 5.64% 0.0 6 4.73% 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 11 See Slide 16 for footnotes Note: Current period ratios are estimated

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Non-Performing Assets Quarter Highlights: Non-Performing Assets ($ in millions) • Non-Performing Assets (NPAs) and Non-Performing Loans (NPLs) decreased $4 million each 0.040000000 600 $545 $541 • NPL inflows decreased $194 million as the previous quarter's 0.035000000 500 $438 $435 $424 inflows included two unrelated commercial exposures with a $412 $408 0.030000000 $366 $358 400 combined book value of $188 million in BPPR 0.025000000 • BPPR NPLs increased $5 million to $459 million, driven by $8 0.020000000 300 million higher commercial NPLs and $3 million higher 0.015000000 200 consumer NPLs, partially offset by $8 million lower mortgage 0.7% 0.7% 0.010000000 0.6% 0.6% 0.6% 0.6% 0.6% 0.5% 0.5% NPLs 100 0.005000000 • Popular U.S. NPLs decreased $9 million to $40 million, mainly 0 0.000000000 driven a single $17 million mortgage loan returned to accrual Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 status offset, in part, by commercial NPLs of $5 million NPLs OREO NPAs/Total Assets Non-Performing Loans NPL Inflows ($ in millions) ($ in millions) 600 0.04 $502 $498 400 0.035 500 0.03 $358 $361 $354 300 $351 400 $342 0.025 $314 $312 300 0.02 200 $242 1.3% 1.3% 0.015 1.0% 1.0% 1.0% 200 1.0% 0.9% 0.8% 0.8% 0.01 100 100 0.005 $34 $41 $37 $48 $52 $48 $37 $32 0 0 0 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Popular U.S. BPPR Commercial and Construction Mortgage Other NPLs/Loans 12 Differences due to rounding

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NCOs and Allowance for Credit Losses Quarterly Highlights: • NCOs decreased $8 million to $50 million, mainly driven by lower commercial NCOs in BPPR. NCO Ratio decreased 9 bps to 0.51%. NCOs in Q4 include $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 $22 million to $808 million, mainly driven by higher reserves for commercial and consumer loans, partially offset by a decrease in the reserve for mortgage loans; ACL-to-Loans Ratio at 2.05% vs. 2.03% in Q3 2025 Allowance for Credit Losses ACL Movement ($ in millions) ($ in millions) 830 Reserve Reserve $12 $808 810 $41 Build Balance Balance Build Balance ACL/Loan 790 $786 Portfolios Q4 2024 (Release) Q3 2025 (Release) Q4 2025 Q4 2025 770 $19 Commercial $271 $34 $305 $16 $321 1.50% 750 Mortgage 82 5 87 (6) 81 0.93% 730 $(50) Leases 16 3 19 (1) 19 0.93% 710 Consumer: 376 (1) 375 13 388 5.35% 690 Credit Cards 99 (12) 87 4 91 7.25% 670 Personal Loans 104 (2) 102 6 108 5.44% 650 Auto 166 12 178 2 180 4.72% NCOs Consumer Changes Q4 2025 ACL Consumer Economic NCOs Commercial Q4 2025 Q3 2025 Q3 2025 ACL Commercial Changes Economic Scenarios and… Other 7 1 8 0 8 4.52% portfolio portfolio scenario and ACL ACL Total ACL $746 $40 $786 $22 $808 2.05% qualitative NCOs and NCO-to-Loans Ratio Consumer NCOs by Loan Portfolio ($ in millions) ($ in millions) 75 $67 70 $63 4.0 0% $57 $62 5.0 0% $59 $58 65 $58 60 $55 $54 $52 $51 $50 $49 $49 55 3.0 0% $46 50 $44 4.0 0% 3.56% $42 $42 45 3.26% 3.16% 40 3.01% 2.85% 2.0 0% 2.80% 35 3.0 0% 2.56% 30 2.46% 2.33% 25 0.71% 0.74% 0.66% 0.65% 0.61% 0.60% 20 0.53% 1.0 0% 0.51% 0.45% 15 2.0 0% 10 5 0.0 0% - 1.0 0% (5) (10) (1 5) -1.00% Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 0.0 0% (20) Credit Card Personal Auto Other NCO% Commercial and Construction Mortgage Leases Consumer NCO% 13 Differences due to rounding

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Driving Value Market leader in Puerto Rico • Substantial capital and liquidity with diversified deposit base • Well-positioned to take advantage of market opportunities • Focused on customer service supported by broad branch network • Differentiated omnichannel experience • Diversified fee income Franchise • Strong risk-adjusted loan margins driven by a well-diversified portfolio Mainland U.S. banking operation provides geographic diversification • Commercial led strategy directed at small and medium sized businesses • Niche banking segments focused on homeowners' associations, healthcare and non-profit organizations • Branch footprint in South Florida and New York Metro • Strengthen customer primacy and deliver exceptional service and products to be the #1 bank for our customers • Increase productivity while reducing costs by simplifying processes and making it easier for our customers and Our Strategy employees • Be a top performing bank that attracts and retains top talent and achieves long-term shareholder value • Announced a new $500 million common stock repurchase authorization in Q3 2025: ⁻ Through the end of 2025 repurchased $502 million in common stock at an average price of $107.61 per share Capital Actions including $148 million in Q4; as of December 31, 2025, $281 million remained available for common stock repurchase under the active authorization • Increased our quarterly common stock dividend from $0.70 to $0.75 per share during Q4 2025 th • Banco Popular de Puerto Rico was named Bank of the Year Puerto Rico" for the 13 time by The Banker a publication Milestones by The Financial Times 14

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Guidance 2026 Guidance 2026 Guidance (GAAP Basis) Commentary Net Interest Income 5%-7% increase for the year Driven by lower cost of P.R. public deposits and loan growth Non-Interest Income $160 million - $165 million per quarter Consistent with recent trends NCOs 55 bps-70 bps annualized Given recent trends and economic outlook YoY increase (GAAP basis); as we expect continued investment in personnel Operating Expenses 3% increase for the year and technology expenses Effective Tax Rate 15%-17% for the year Loan Growth 3%-4% for the year Led by commercial loans 15

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Footnotes Slide 4 and 5: 1-Refer to Non-GAAP Reconciliation on appendix section 2- Fully taxable equivalent ("FTE") net interest margin 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 Q4 2025 earnings press release for the reconciliation of GAAP to non-GAAP financial measures Slide 7: 1- Return on average tangible common equity ("ROTCE") represents a non-GAAP financial measure. See table R in the Corporation's Q4 2025 earnings press release for the reconciliation of GAAP to non-GAAP financial measures Slide 8: 1- Balances are as of end of period Slide 10: 1- Pension, postretirement and other combines "pension, postretirement and medical insurance" and "other personnel costs, including payroll taxes" as presented in the Consolidated Statement of Operations Slide 11: 1- TCE ratio is defined as the ratio of tangible common equity to tangible assets 16

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Investor Presentation Fourth Quarter 2025 Appendix

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Corporate Structure Summary Corporate Structure Franchise Industry Financial Services Headquarters San Juan, Puerto Rico Assets = $75 billion Assets $75 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 $66 billion Bank Earnings Earnings Banking branches 153 in Puerto Rico, 39 in the U.S. (27 in New York and New Jersey and 12 in Puerto Rico Operations United States Operations Florida) and 9 in the U.S. Assets = $60 billion Assets = $15 billion and British Virgin Islands NASDAQ ticker symbol BPOP Selected equity investments: Banco BHD León under Corporate segment Market Cap $8 billion • Dominican Republic bank • 15.63% stake • 2024 net income of $272 million 18

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Financial Summary 2025 Annual Results (unaudited) ($ in thousands, except EPS) 2025 2024 Variance Net interest income $2,541,203 $2,282,288 $258,915 Provision for credit losses 260,163 256,942 3 ,221 $2,281,040 $2,025,346 $255,694 Net interest income after provision for credit losses Banking fees 4 42,423 4 22,586 19,837 Asset management and insurance fees 1 16,357 1 17,990 (1,634) Mortgage banking activities 14,956 19,059 (4,103) Other operating income 84,284 99,274 (14,990) Total non-interest income $6 58,019 $6 58,909 $(890) Total personnel costs 905,214 820,452 84,763 Net occupancy 110,213 111,430 (1,217) Technology and software expenses 341,605 329,061 12,544 Transactional services 152,386 142,677 9,710 Professional fees 1 10,098 125,822 (15,724) Business promotions 1 07,283 101,930 5,353 Goodwill impairment 13,000 - 13,000 Other operating expenses 1 92,466 256,266 (63,799) Total operating expenses $1,932,266 $1,887,637 $44,629 Income before income tax 1,006,793 796,618 210,174 Income tax expense 173,634 182,406 (8,772) Net income $8 33,159 $6 14,212 $218,946 EPS $1 2.31 $8.56 $3 .75 1 ROTCE 13.04% 9.85% 3.19% 1-Return on average tangible common equity ("ROTCE") represents a non-GAAP financial measure. See table R in the Corporation's Q4 2025 earnings press release for the reconciliation of GAAP to non-GAAP financial measures 19 Differences due to rounding

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Q4 2025 vs. Q3 2025 Business Segments Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q4 2025 Q3 2025 Variance Q4 2025 Q3 2025 Variance Net interest income $555 $551 $4 $111 $105 $6 Provision for credit losses 72 74 (2) - 2 (2) Net interest income after provision for credit losses 483 477 6 111 103 8 Non-interest income 151 151 - 6 7 (1) Operating expenses $408 $413 $(5) $66 $83 $(17) Income before income tax 226 215 11 51 27 24 Income tax expense 36 26 10 18 9 9 Net income $190 $189 $1 $33 $18 $15 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q4 2025 Q3 2025 Variance Q4 2025 Q3 2025 Variance Total assets $59,934 $59,771 $163 $1 5,062 $14,941 $121 Total loans (HIP) 27,628 27,131 497 11,669 11,525 144 Total deposits 54,741 54,878 (137) 1 2,034 12,162 (128) Asset Quality BPPR Popular U.S. Q4 2025 Q3 2025 Variance Q4 2025 Q3 2025 Variance Non-performing loans held-in-portfolio / Total loans held-in-portfolio 1.66% 1.67% (0.01%) 0.34% 0.42% (0.08%) Non-performing assets / Total assets 0.84% 0.83% 0.01% 0.27% 0.33% (0.06%) Allowance for credit losses / Total loans held-in-portfolio 2.60% 2.56% 0.04% 0.77% 0.79% (0.02%) 20 Differences due to rounding

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2025 vs. 2024 Business Segments Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) 2025 2024 Variance 2025 2024 Variance Net interest income $2,166 $1,957 $209 $412 $356 $56 Provision for credit losses 241 255 (14) 19 1 18 Net interest income after provision for credit losses 1,925 1,702 223 393 355 38 Non-interest income 584 596 (12) 27 26 1 Operating expenses $1,647 $1,614 $33 $288 $270 $18 Income before income tax 862 684 178 132 111 21 Income tax expense 133 128 5 44 33 11 Net income $729 $556 $173 $88 $78 $10 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) 2025 2024 Variance 2025 2024 Variance Total assets $59,934 $58,602 $1,332 $15,062 $1 4,333 $729 Total loans (HIP) 27,628 26,147 1 ,481 11,669 1 0,929 740 Total deposits 54,741 54,054 687 1 2,034 1 1,704 330 Asset Quality BPPR Popular U.S. 2025 2024 Variance 2025 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.66% 1.12% 0.54% 0.34% 0.54% (0.20%) Non-performing assets / Total assets 0.84% 0.60% 0.24% 0.27% 0.41% (0.14%) Allowance for credit losses / Total loans (HIP) 2.60% 2.56% 0.04% 0.77% 0.69% 0.08% 21 Differences due to rounding

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Loan Composition and Yields Highlights: Loans Held-in-Portfolio Average Yields • Loans held in portfolio increased in Q4 to (ending balances, $641 million or 1.7% compared to Q3 $ in millions) Q4 2025 Q3 2025 Variance Q4 2025 (FTE) 2025 $$$$ Commercial 19,760 19,289 471 19,395 6.75% - The increase was primarily driven by Construction 1,675 1,605 70 1,639 8.20% the commercial and construction 8,649 8,558 91 6.02% Mortgage 8,591 portfolios in BPPR and in Popular U.S., 5,830 5,859 (28) 8.55% Auto loans and leases 5,924 and by the mortgage portfolio in BPPR Consumer 3,414 3,377 37 3,293 13.59% • Average loan yields FTE at 7.51% Total Loans $39,328 $38,687 $641 $38,843 7.51% Loan Composition (ending balances, $ in billions) 45.0 0 $39.4 $38.7 $38.2 40.0 0 $37.3 $37.1 $35.1 $3.4 $3.4 $3.3 35.0 0 $3.3 $3.3 $32.1 $3.3 $29.3 $8.7 $8.6 30.0 0 $3.1 $8.4 $8.1 $8.3 $2.6 $7.7 25.0 0 $7.4 $5.8 $5.9 $5.9 $7.5 $5.8 $5.8 $5.4 20.0 0 $1.7 $1.6 $1.5 $1.3 $1.4 $5.1 $1.0 $4.8 $0.8 15.0 0 $0.7 10.0 0 $19.9 $19.1 $19.3 $18.7 $18.6 $17.7 $15.7 $13.7 5.00 - 2021 2022 2023 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Commercial Construction Auto loans and Leases Mortgage Consumer 22 Differences due to rounding

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Funding Profile and Deposit Composition Highlights: Funding Sources • Deposits at $66.2 billion in Q4 2025, with P.R. public deposits (ending balances, $ in billions) representing 29% of total deposits $1.4 • Total deposit costs, excluding P.R. public deposits, demonstrate the stability of core deposits, low cost and low betas $15.3 $19.4 • Total cost of deposits at 1.68% in Q4, decreased 11 bps primarily from P.R. public deposits in BPPR and high-cost deposits at $67.6 Popular U.S. $8.4 • Borrowings at $1.4 billion composed of long-term notes and $8.7 $14.4 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) 0.045 3.69% 3.70% 0.04 80.0 0 3.32% 3.22% 0.035 3.19% $67.2 $67.0 $66.5 $65.8 $66.2 $64.9 $63.6 2.97% 70.0 0 $61.2 0.03 60.0 0 $20.4 $20.9 $20.1 $19.4 $19.6 0.025 $18.1 $19.5 $15.2 50.0 0 1.96% 1.83% 1.78% 1.79% 0.02 1.68% 1.68% $6.7 $6.8 $8.7 40.0 0 $7.9 $8.4 $8.8 $8.9 $8.4 0.015 0.67% 30.0 0 $15.9 $14.7 $14.4 $14.6 $14.2 $14.6 $14.3 $14.4 0.01 20.0 0 0.18% 0.39% $8.3 $8.5 $7.7 $7.7 $8.0 $8.0 $8.2 $8.4 1.21% 1.17% 1.15% 1.17% 1.14% 0.005 10.0 0 0.91% $15.7 $16.0 $15.4 $15.1 $15.2 $15.1 $14.9 $15.3 0.05% - 0 0.23% 0.29% 2021 2022 2023 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2021 2022 2023 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 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 23 Differences due to rounding

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![](g51010ex99_2p24g1.jpg)

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 29% of the 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 Retail Int Bearing Deposits 6.00% 90% 78% 5.00% 80% 70% 4.00% 60% 50% 3.00% 40% 2.00% 22% 30% 20% 1.00% 10% 0.00% 0% 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 32% 10% 31% 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% Commercial - Int Bearing Fed Funds Target Public - Int Bearing Fed Funds Target 24 Dec-16 Dec-16 Jun-17 Jun-17 Dec-17 Dec-17 Jun-18 Jun-18 Dec-18 Dec-18 Jun-19 Jun-19 Dec-19 Dec-19 Jun-20 Jun-20 Dec-20 Dec-20 Jun-21 Jun-21 Dec-21 Dec-21 Jun-22 Jun-22 Dec-22 Dec-22 Jun-23 Jun-23 Dec-23 Dec-23 Jun-24 Jun-24 Dec-24 Dec-24 Jun-25 Jun-25 Dec-25 Dec-25 Dec-16 Dec-16 Jun-17 Jun-17 Dec-17 Dec-17 Jun-18 Jun-18 Dec-18 Dec-18 Jun-19 Jun-19 Dec-19 Dec-19 Jun-20 Jun-20 Dec-20 Dec-20 Jun-21 Jun-21 Dec-21 Dec-21 Jun-22 Jun-22 Dec-22 Dec-22 Jun-23 Jun-23 Dec-23 Dec-23 Jun-24 Jun-24 Dec-24 Dec-24 Jun-25 Jun-25 Dec-25 Dec-25

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Investment Portfolio Quarter Highlights: • Conservative investment portfolio, with the majority invested in short to intermediate U.S. Treasuries, which are tax exempt in Puerto Rico • Investment portfolio duration 1.9 years; including cash, 1.6 years • Unrealized loss in the AFS portfolio decreased by $66 million • Market value of U.S. Treasuries held to maturity stood at $7.3 billion, approximately $40 million higher than book value • Invested approximately in Q4 $900 million in U.S. Treasury notes with an average duration of 2.1 years and a yield of approximately 3.56% Maturities: US Treasury Notes (AFS & HTM) 2,000 Maturity Profile 1,800 35% 32% Yield 1,600 Legacy New 30% 1.29% 3.84% 1,400 26% 25% 24% 1,200 1,000 20% 800 15% 600 11% 10% 400 5% 4% 200 2% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% - 0% Dec-25 Mar-26 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 UST Legacy UST New (Program restarted in 2024) U.S. T-bills U.S. Treasuries - AFS U.S. Treasuries - HTM Agency MBS/CMO 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 $293 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 at a rate of approximately 5% per quarter through 2026. 25 Differences due to rounding $ Millions

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Allowance for Credit Losses – Q4 2025 ACL Movement: ACL Movement ($ in millions) • Moody's baseline forecast shows stronger 2026 U.S. 830 economic growth $12 $808 810 $41 790 $786 • Changes in the economic forecast and qualitative 770 reserves impacted mainly the P.R. consumer and $19 750 mortgage portfolios 730 $(50) • Commercial portfolio increased due to NPL inflows, loan 710 modifications and higher loan balances 690 670 Economic Scenarios: 650 • Baseline scenario assigned the highest probability, NCOs Consumer Changes Q4 2025 ACL Consumer Economic NCOs Commercial Q4 2025 Q3 2025 Q3 2025 ACL Commercial Changes Economic Scenarios and… portfolio portfolio scenario and followed by the S3 (pessimistic) scenario ACL ACL qualitative • The probability assigned to the S3 (pessimistic) scenario remains at elevated levels due to current uncertainty in the markets • 2026 annualized GDP growth (baseline): - P.R. increased to 0.58% from 0.19% - U.S. increased to 2.05% from 1.38% • 2026 forecasted average unemployment rate (baseline): - P.R. remains near historically low levels at 6.06% - U.S. consistent with previous period at 4.64% 26

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![](g51010ex99_2p27g1.jpg)

Commercial and Industrial Portfolio Highlights: Commercial and Industrial Portfolio ($ in millions) • Commercial and Industrial ("C&I") credit quality metrics were $8,598 $8,238 $8,037 impacted by a $158 million relationship in Q3 2025. Excluding this 6.2% $7,742 $7,689 8,000 $2,637 relationship, metrics were stable $2,494 $2,449 $2,395 $2,445 7,000 2.10% 2.06% ⁻ NPLs increased by $165 million year-over-year, primarily driven by 6,000 the previously mentioned commercial relationship $5,961 5,000 $5,744 $5,588 $5,347 $5,244 3.1% 4,000 2.12% 2.21% ⁻ allowance for credit losses ("ACL") to loans held-in-portfolio at 1.89% 1.92% 1.76% 3,000 2.10% vs. 2.06% in Q3 2025 2,000 0.27% • Strong loan growth following prudent lending standards 1,000 0.13% 0.14% 0 0.0% • The portfolio is mainly concentrated on the following industries: Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 other services (mostly U.S. community association loans), retail BPPR Popular U.S. NPL/Loans ACL/Loans trade, public administration and, finance and insurance Commercial & Industrial Portfolio Credit Metrics Balance by industry type Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Other 30-89 DPD/Loans 0.31% 0.21% 0.27% 0.26% 0.25% 12% Information NPL/Loans 0.27% 0.13% 0.14% 2.12% 2.21% 4% Other Services 24% Transportation and NCO Ratio 0.19% -0.03% 0.06% 0.07% 0.27% Warehousing ACL/Loans 1.89% 1.92% 1.76% 2.06% 2.10% 4% Health Care and ACL/NPL 692.56% 1475.92% 1237.57% 97.03% 95.02% Social Assistance Classified Loans/Loans 3.21% 4.67% 4.33% 6.22% 6.25% 4% Accommodation and Food Services Finance and 4% Insurance Manufacturing 11% 5% Real Estate and Rental and Leasing 6% Retail Trade 11% Wholesale Trade Public 6% Administration 9% 27

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![](g51010ex99_2p28g1.jpg)

Non-Owner Occupied CRE Portfolio Highlights: Non-Owner Occupied CRE • Non-Owner Occupied CRE (CRE NOO) Q3 2025 credit ($ in millions) quality metrics include the impact of a $30 million $5,541 $5,543 $5,521 $5,363 $5,463 increase in non-performing loans (NPLs) and a $14 million 5,000 $2,227 $2,148 $2,191 in net charge-offs (NCOs) related to commercial real $2,160 $2,117 estate facility secured by a hotel property in Florida 1.08% 1.06% 1.06% 1.05% 4,000 1.02% • Non-Owner Occupied CRE (CRE NOO) exposure mainly in 0.81% 0.77% 3,000 retail, hotels and office space $3,395 $3,330 $3,303 $3,247 $3,314 2,000 • Office exposure limited to 1.7% of total loan portfolio and 0.30% 0.30% 0.27% 12% of CRE NOO: 1,000 - Office space mainly in mid-rise properties with 0 0.0% diversified tenants across both regions Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 - Average loan size at $3 million BPPR Popular U.S. NPL/Loans ACL/Loans • Non-Performing loans increased to 0.77% of loans, while NCOs were minimal during the quarter • Allowance for credit losses to loans held-in-portfolio at Non-Owner Occupied CRE 1.08% Balance by property type Other Health Facility 7% 4% Mixed use Retail 5% 34% Industrial 8% Credit Metrics Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 30-89 DPD/Loans 0.20% 0.07% 0.06% 0.33% 0.08% Shelters NPL/Loans 0.27% 0.26% 0.25% 0.81% 0.77% 11% NCO Ratio -0.06% -0.05% -0.03% 0.92% 0.00% ACL/Loans 1.02% 1.05% 1.07% 1.08% 1.06% Office Space 12% ACL/NPL 377.29% 410.78% 422.98% 133.36% 137.47% Hotels 19% Classified Loans/Loans 3.01% 3.23% 4.08% 3.98% 3.43% 28

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![](g51010ex99_2p29g1.jpg)

Multifamily Loan Portfolio Highlights: Multifamily Loans • 88% of the portfolio concentrated in Popular U.S. ($ in millions) $2,521 $2,521 • Strong credit risk profile with low levels of delinquency, $2,456 $2,400 $2,375 2,500 NCOs and classified loans: 1.6% $2,214 $2,187 $2,152 $2,092 $2,067 - 30-89 DPD/Loans at 0.66% 1.4% 2,000 0.79% 1.2% 0.60% - Classified loans at 1.09% 0.67% 0.57% 1,500 1.0% - NCO Ratio (0.01%) 0.38% 0.8% 1,000 • Allowance for credit losses ("ACL") to loans held-in 0.6% 0.43% 0.37% 0.37% 0.36% 0.35% portfolio at 0.79% 0.4% 500 • New York multifamily loan portfolio: 0.2% $308 $308 $306 $302 $303 0 0.0% - $1.0 billion or 3.6% of our total loan portfolio Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 - Underwritten based on current rental income at origination BPPR Popular U.S. NPL/Loans ACL/Loans - No exposure to rent controlled buildings - Rent stabilized units represent less than 40% of the total units in the loan portfolio with the majority Multifamily Loans originated after 2019 Balance by state Other NJ 3% 4% PR 8% Credit Metrics Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 30-89 DPD/Loans 0.29% 0.23% 0.44% 0.16% 0.66% NPL/Loans 0.37% 0.37% 0.43% 0.35% 0.36% FL 27% NY NCO Ratio 0.00% 0.00% 0.00% 0.00% -0.01% 58% ACL/Loans 0.38% 0.57% 0.67% 0.67% 0.79% ACL/NPL 105.20% 153.90% 153.60% 191.90% 221.13% Classified Loans/Loans 1.10% 0.97% 1.27% 1.20% 1.09% 29

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![](g51010ex99_2p30g1.jpg)

P.R. Mortgage Loan Portfolio Highlights: • 43% of the P.R. mortgage loan portfolio is comprised of U.S. government guaranteed loans • Over the last five years originations with average FICO scores above 750 and LTV of approximately 70% • Delinquency trends better than historical levels FICO Mix of Originations (Non-Conforming) Portfolio: Guaranteed vs. Non-Guaranteed (% of approved amount) ($ in millions) 70% 67% 73% 72% 84% 78% 77% 74% 73% 8,00 0 $7,348 0.23 0 0. .2 23 2 $7,233 0 0. .2 22 1 $7,104 0 0. .2 20 1 0 0. .2 10 9 759 756 0 0. .1 18 9 753 751 750 754 $6,946 0 0. .1 17 8 741 0 0. .1 17 6 736 734 $6,810 0 0. .1 15 6 $6,695 0 0. .1 14 5 0.14 $6,591 0 0. .1 13 3 $6,484 0 0. .1 12 2 $6,392 0 0. .1 11 1 7,00 0 0 0. .1 10 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 0 0. .0 04 4 $3,168 0 0. .0 03 3 0 0. .0 02 2 $3,038 0 0. .0 01 1 6% 5% 6% 5% 6% - (0.01) $2,902 ((0 0. .0 02 1)) 9% ((0 0. .0 02 3)) 12% $2,765 ((0 0. .0 04 3)) 6,00 0 ((0 0. .0 05 4)) $2,630 ((0 0. .0 05 6)) 18% 17% $2,502 ((0 0. .0 07 6)) ((0 0. .0 07 8)) $2,399 ((0 0. .0 08 9)) $2,314 ((0 0. .1 00 9)) ((0 0. .1 11 0)) $2,239 ((0 0. .1 12 1)) ((0 0. .1 12 3)) ((0 0. .1 14 3)) 21% ((0 0. .1 14 5)) 26% ((0 0. .1 15 6)) ((0 0. .1 16 7)) 29% 27% ((0 0. .1 18 7)) 29% 5,00 0 ((0 0. .1 19 8)) 26% ((0 0. .2 19 0)) ((0 0. .2 21 0)) ((0 0. .2 21 2)) ((0 0. .2 22 3)) ((0 0. .2 24 3)) ((0 0. .2 24 5)) ((0 0. .2 26 5)) ((0 0. .2 27 6)) ((0 0. .2 28 7)) 38% ((0 0. .2 29 8)) ((0 0. .3 20 9)) ((0 0. .3 30 1)) 32% ((0 0. .3 31 2)) 4,00 0 ((0 0. .3 32 3)) 34% ((0 0. .3 33 4)) ((0 0. .3 34 5)) ((0 0. .3 36 5)) ((0 0. .3 36 7)) ((0 0. .3 38 7)) ((0 0. .3 39 8)) ((0 0. .4 39 0)) ((0 0. .4 41 0)) $4,192 $4,193 $4,180 $4,181 $4,202 $4,195 $4,180 (0.41) $4,152 $4,170 ((0 0. .4 42 2)) ((0 0. .4 43 3)) ((0 0. .4 44 4)) ((0 0. .4 45 5)) 3,00 0 ((0 0. .4 46 6)) ((0 0. .4 47 7)) ((0 0. .4 48 8)) ((0 0. .4 49 9)) ((0 0. .5 50 0)) ((0 0. .5 51 1)) ((0 0. .5 52 2)) ((0 0. .5 53 3)) ((0 0. .5 54 4)) ((0 0. .5 55 5)) ((0 0. .5 56 6)) ((0 0. .5 57 7)) ((0 0. .5 58 8)) ((0 0. .5 59 9)) 2,00 0 ((0 0. .6 60 0)) 73% ((0 0. .6 61 1)) ((0 0. .6 62 2)) 69% ((0 0. .6 63 3)) 67% ((0 0. .6 64 4)) 65% 66% 65% ((0 0. .6 65 5)) ((0 0. .6 66 6)) ((0 0. .6 67 7)) ((0 0. .6 68 8)) ((0 0. .6 69 9)) ((0 0. .7 70 0)) ((0 0. .7 71 1)) 51% ((0 0. .7 72 2)) 50% ((0 0. .7 73 3)) 48% 1,00 0 ((0 0. .7 74 4)) ((0 0. .7 75 5)) ((0 0. .7 76 6)) ((0 0. .7 77 7)) ((0 0. .7 78 8)) ((0 0. .7 79 9)) ((0 0. .8 80 0)) ((0 0. .8 81 1)) ((0 0. .8 82 2)) ((0 0. .8 83 3)) ((0 0. .8 84 4)) ((0 0. .8 85 5)) ((0 0. .8 86 6)) ((0 0. .8 87 7)) - (0.88) Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2017 2018 2019 2020 2021 2022 2023 2024 2025 Non-Guaranteed Government Guaranteed 740+ 680-739 620-679 <620 WA FICO Original LTV Delinquency Government Guaranteed Loans Delinquency Non-Guaranteed Loans ($ in millions) ($ in millions) 400 0.38 500 $455 0.380 0.38 0.375 0.37 0.370 0.37 0.365 $433 $430 0.36 $425 0.360 $336 0.36 0.355 $335 $333 0.35 0.350 $411 $413 0.35 0.345 0.34 450 0.340 $316 $320 0.34 $396 $398 0.335 350 0.33 $386 0.330 0.33 0.325 $303 $300 0.32 0.320 $294 0.32 0.315 0.31 0.310 $286 0.31 400 $241 0.305 0.30 0.300 0.30 0.295 0.29 0.290 300 0.29 $210 0.285 $197 $175 0.28 $207 0.280 $166 $164 0.28 0.275 0.27 $219 $202 0.270 350 0.27 0.265 $158 0.26 $174 0.260 $158 0.26 $177 0.255 0.25 $185 0.250 $149 0.25 0.245 $147 0.24 0.240 250 20.3% $132 0.24 0.235 0.23 0.230 $140 300 0.23 0.225 0.22 0.220 0.22 18.1% 0.215 17.8% 0.21 0.210 0.21 0.205 0.20 0.200 16.5% 16.2% 0.20 0.195 200 0.19 250 0.190 0.19 0.185 0.18 0.180 0.18 0.175 13.9% 13.6% 0.17 13.6% 0.170 0.17 13.1% 0.165 0.16 0.160 0.16 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 8.1% 8.0% 7.9% 0.12 150 0.115 7.5% 7.6% 0.11 0.110 7.2% 7.2% 7.0% 0.11 0.105 6.8% 0.10 0.100 100 0.10 0.095 0.09 0.090 0.09 0.085 0.08 0.080 100 0.08 0.075 0.07 0.070 0.07 0.065 0.06 0.060 0.06 0.055 50 0.05 0.050 0.05 0.045 0.04 0.040 50 0.04 0.035 0.03 0.030 $161 $168 $169 $158 $161 $154 $153 $146 $162 0.03 $214 $193 $223 $210 $218 $201 $219 $224 $233 0.025 0.02 0.020 0.02 0.015 0.01 0.010 0.01 0.005 0 - 0 - Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 30-89 DPD NPLs 30+ DPD/Loans 30-89 DPD 90+ DPD and Still Accruing 30+ DPD/Loans 30

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Auto Loan Portfolio Highlights: Delinquency Avg. 2011-2019 12/31/2025 ($in millions) • Improvements in credit quality of originations 6.17% 4.89% • Auto balances have remained stable 4500 0.06 $3,862 $3,851 $3,819 $3,821 $3,820 $3,820 $3,773 $3,707 4000 $3,661 • Delinquency and NCO levels for the period remained 0.05 3500 below the historical average benchmark $2,918 5.00% 4.89% 4.73% 3000 4.67% 4.65% 0.04 4.46% 4.29% • FICO mix of originations have remained robust, with 4.64% 2500 3.86% 0.03 3.57% weighted-average FICO scores of approximately 739 2000 1500 0.02 • Q4 2025 originations were approximately a 67%/33% split 1000 between new/used auto loans 0.01 500 $135 $173 $143 $168 $178 $191 $136 $166 $179 $187 0 0 Q4 2019 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 30+ DPD Portfolio 30+ DPD/Portfolio FICO Mix of Originations (% of approved amount) NCOs and NCO-to-Loan Ratio 739 737 729 732 731 723 720 721 719 ($ in millions) Avg. 2011-2019 YTD 700 100% 1.88% 1.17% 4% 5% 4% 6% 6% 6% 7% 7% 8% 2% 6% 4% 4% 3% 2% 600 7% 7% 9% 20 0.03 23% 80% 23% 18 26% 24% 24% 500 30% 27% 26% 0.025 26% 16 60% 14 2.44% 400 0.02 12 300 10 0.015 40% 71% 8 67% 65% 66% 66% 200 61% 1.35% 60% 60% 0.01 58% 6 20% 4 100 0.005 2 $18 $16 $14 $10 $17 $19 $13 $7 $12 $13 0% 0 0 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q4 2019 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 700+ 625-699 <625 No FICO WA FICO Auto NCOs NCOs % 31

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![](g51010ex99_2p32g1.jpg)

Auto Lease Portfolio Highlights: Delinquency Avg. 2011-2019 12/31/2025 ($in millions) • Auto lease balances have grown steadily 2.06% 1.88% 2500 0.06 • Delinquency and NCO levels for the period remained $1,999 $2,001 $1,983 $1,950 $1,925 0.05 $1,887 below the historical average benchmark 2000 $1,828 $1,765 $1,732 0.04 • FICO mix of originations have remained robust, with 1500 weighted-average FICO scores of approximately 744 0.03 $1,060 2.06% 2.05% 1000 1.85% 1.88% 1.81% 1.79% 1.83% 1.77% 1.71% 1.69% 0.02 500 0.01 $19 $35 $32 $33 $32 $40 $33 $37 $37 $38 0 0 Q4 2019 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 30+ DPD Portfolio 30+ DPD/Loans FICO Mix of Originations (% of approved amount) NCOs and NCO-to-Loan Ratio 743 744 741 736 735 732 730 730 731 ($ in millions) Avg. 2011-2019 YTD 700 100% 0.65% 0.55% 2% 3% 3% 3% 3% 3% 4% 4% 4% 600 19% 18% 18% 4 0.012 22% 24% 23% 26% 26% 26% 80% 3.5 500 0.01 3 60% 400 0.008 2.5 1.07% 300 2 0.006 40% 78% 79% 79% 75% 74% 73% 71% 70% 70% 1.5 200 0.55% 0.004 1 20% 0.002 100 0.5 $3 $4 $3 $2 $4 $3 $3 $2 $3 $4 0 0 0% 0 Q4 2019 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2017 2018 2019 2020 2021 2022 2023 2024 2025 700+ 625-699 <625 No FICO WA FICO Leases NCOs NCO % 32

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![](g51010ex99_2p33g1.jpg)

P.R. Personal Loan Portfolio Highlights: Delinquency Avg. 2011-2019 12/31/2025 ($ in millions) • Portfolio balances have remained stable but growing at a 3.61% 2.75% slower pace since 2024 due to tightening measures 200 0 0.06 $1,836 $1,823 $1,792 $1,776 $1,754 $1,754 $1,756 $1,746 $1,745 180 0 • Delinquency remained below the historical average 0.05 160 0 benchmark $1,368 140 0 0.04 • NCO levels for the period remained above the historical 120 0 average benchmark, with an overall improvement in 2025 100 0 0.03 when compared to 2024 3.19% 3.15% 3.09% 800 3.01% 2.97% 2.92% 2.77% 2.75% 2.72% 2.70% 0.02 600 • FICO mix of originations have remained robust, with 400 weighted-average FICO scores of 748 in recent vintages 0.01 200 $43 $53 $51 $54 $56 $53 $49 $48 $50 $51 0 0 Q4 2019 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 30+ DPD Portfolio 30+ DPD/Loans FICO Mix of Originations NCOs and NCO- to Loan Ratio (% of approved amount) ($ in millions) Avg. 2011-2019 YTD 748 748 746 738 741 740 738 738 736 2.53% 3.80% 0% 0% 0% 1% 1% 2% 2% 700 3% 3% 100% 25 0.07 2% 2% 3% 3% 3% 3% 3% 4% 5% 600 0.06 80% 20 500 49% 49% 0.05 46% 51% 53% 56% 50% 56% 49% 60% 15 400 0.04 3.99% 4.19% 300 0.03 40% 10 200 0.02 49% 49% 49% 20% 44% 43% 43% 43% 5 41% 40% 100 0.01 $14 $20 $22 $21 $22 $23 $18 $16 $16 $18 0% 0 0 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q4 2019 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 750+ 650-749 <650 No FICO WA FICO Personal loan NCOs NCO % 33

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Credit Card Portfolio Delinquency Avg. 2011-2019 12/31/2025 ($in millions) Highlights: 3.74% 4.13% • Balances continue to increase due to higher originations 1400 0.06 $1,257 and increased usage $1,226 $1,218 $1,215 $1,187 $1,188 $1,163 0.055 $1,142 $1,136 $1,124 1200 0.05 • Delinquency and NCOs continue above the historical 0.045 1000 benchmark, with NCOs showing improvements in 2025 4.85% 0.04 4.62% 4.58% 0.035 800 4.16% 4.13% 4.09% 4.06% 4.01% 4.01% • FICO mix of originations have remained robust, with 0.03 3.45% 600 weighted-average FICO scores of approximately 772 0.025 0.02 400 0.015 0.01 200 0.005 $39 $46 $46 $48 $55 $59 $54 $49 $49 $52 0 0 Q4 2019 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 30+ DPD Portfolio 30+ DPD/Loans FICO Mix of Originations NCOs and NCO-to-Loan Ratio (% of approved amount) 772 768 ($in millions) 754 753 Avg. 2011-2019 YTD 748 748 750 749 750 0% 2% 2% 2% 2% 3.67% 5.13% 3% 3% 4% 100% 5% 700 2% 1% 1% 1% 3% 2% 2% 3% 2% 20 0.07 600 18 80% 30% 32% 0.06 42% 45% 44% 500 16 43% 45% 45% 44% 0.05 14 60% 400 12 0.04 4.40% 10 300 40% 0.03 8 67% 65% 200 6 3.21% 55% 53% 0.02 51% 51% 50% 49% 49% 20% 4 100 0.01 2 $8 $11 $14 $14 $15 $17 $16 $17 $15 $14 0% 0 0 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q4 2019 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Credit Card NCOs NCOs % 750+ 650-749 <650 No FICO WA FICO 34

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P.R. Public Sector Exposure • Substantially all the Corporation's direct exposure outstanding in Q4 were obligations from various Puerto Rico municipalities. As of December 31, 2025, our direct exposure outstanding to P.R. municipalities amounted to $342 million, flat when compared to the prior quarter • Our direct exposure to P.R. government entities at December 31, 2025 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 $9 $342 PR government entities P.R. Government Entities $- $- $- Obligations of the Commonwealth of Puerto Rico, its agencies and instrumentalities (excluding municipalities) Indirect exposure $167 $42 $209 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 35

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Popular's Credit Ratings Senior Uns Senior Unsec ecur ured ed Ratings Ratings 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 36

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Non-GAAP Reconciliation The following table presents the reconciliation of the net income to the Adjusted net income (Non-GAAP) for the quarter ended December 31, 2025, and for the years ended December 2025 and December 31, 2024. There were no adjustments to net income for the quarter ended September 30, 2025. Adjusted Net Income for the Quarter ended December 31, 2025 (Non-GAAP) (Unaudited) Income Income tax Impact on before expense Net Income (In thousands) income tax (benefit) U.S. GAAP Net income $278,616 $44,716 $233,900 Non-GAAP Adjustments: [1] FDIC Special Assessment (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. Refer to the Operating Expenses section of this press release for additional information. Adjusted Net Income for the Year ended December 31, 2025 (Non-GAAP) (Unaudited) Income Income tax Impact on before expense Net Income (In thousands) income tax (benefit) U.S. GAAP Net income $1,006,793 $173,634 $833,159 Non-GAAP Adjustments: [1] FDIC Special Assessment (15,323) 5,622 (9,701) Adjusted net income (Non-GAAP) $991,470 $168,012 $823,458 [1] Partial reversal of the FDIC Special Assessment reserve imposed in connection with the receivership of several failed banks. Adjusted Net Income for the Year ended December 31, 2024 (Non-GAAP) (Unaudited) Income Income tax Impact on before expense Net Income (In thousands) income tax (benefit) U.S. GAAP Net income $796,618 $182,406 $614,212 Non-GAAP Adjustments: [1] FDIC Special Assessment 14,287 (5,234) 9,053 [2] Adjustments related to tax withholdings on prior period distributions from U.S. subsidiaries 6,400 16,483 22,883 Adjusted net income (Non-GAAP) $817,305 $171,157 $646,148 [1] Expense recorded in the first quarter of 2024 related to the Special Assessment imposed by the FDIC to recover the losses in connection with the receivership of several failed banks 37 [2] Expense recorded in the first quarter of 2024 related to tax withholdings on prior period distributions from U.S. subsidiaries

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Investor Presentation Fourth Quarter 2025