Popular, Inc. Announces Second Quarter 2026 Financial Results

Popular, Inc. Announces Second Quarter 2026 Financial Results SAN JUAN, Puerto Rico--( BUSINESS WIRE)--Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ: BPOP)

($ in millions, except per share information)

Quarters ended

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

EARNINGS

Net Income

278

246

210

PER SHARE DATA

Basic EPS

4.35

3.78

0.57

3.09

1.26

Diluted EPS

4.35

3.78

0.57

3.09

1.26

Tangible Book Value / Share (non-GAAP)

87.94

84.98

2.96

75.41

12.53

FINANCIAL CONDITION

Total Assets

78,972

76,131

2,841

76,065

2,907

Loans Held in Portfolio

39,750

39,290

460

38,185

1,565

Deposits

70,233

67,611

2,622

67,217

3,016

Borrowings

1,463

1,120

343

1,414

CREDIT QUALITY

Non-Performing Loans

413

458

(45

)

312

102

NPL Ratio

1.04

1.17

-13 bps

0.82

22 bps

NCO Ratio

1.05

0.61

44 bps

0.45

60 bps

ACL / Total Loans

1.97

2.10

-13 bps

2.02

-5 bps

ACL / NPLs

190

180

247

(57

CAPITAL & LIQUIDITY

Common Equity Tier 1

16.08

15.92

16 bps

15.91

17 bps

Tier 1 Risk-Based Capital

16.13

15.98

15 bps

15.96

17 bps

Total Risk-Based Capital

17.85

17.71

14 bps

17.70

15 bps

Tier 1 Leverage

8.57

8.60

-3 bps

8.51

6 bps

Capital Returned to Shareholders

174

204

(30

)

160

FINANCIAL RATIOS

Net Interest Margin

3.66

0 bps

3.49

17 bps

NIM (FTE)

4.17

4.14

3 bps

3.85

32 bps

Total Deposit Costs

1.57

1.56

1 bps

1.78

-21 bps

ROTCE (non-GAAP)

17.02

15.46

156 bps

13.26

376 bps

ROA

1.41

1.29

12 bps

1.11

30 bps

The financial information in this earnings release includes non-GAAP financial measures. These measures are intended to supplement, and should not be considered a substitute for, GAAP results. See the "Non-GAAP Financial Measures" section for additional information; and Table R - Reconciliation to GAAP Financial Measures. All financial information in this release, including the accompanying tables, is unaudited.

CEO COMMENTARY

Javier D. Ferrer, President and Chief Executive Officer, said:

"We are pleased to report another solid quarter. Net income reached $278 million, 13% higher than the first quarter of this year and 32% higher than the same quarter a year ago. Our results reflect higher net interest income, solid fee generation, continued balance sheet growth, and strong capital generation. Our ROTCE improved to 17% from 15.5% in the previous quarter, as we remain focused on delivering sustainable, through-the-cycle shareholder returns."

"We continued to return capital to shareholders during the quarter, repurchasing $125 million of common stock, exhausting our previous $500 million authorization, and paying our quarterly dividend of $0.75 per share. We also announced additional capital actions, including a 20% increase in our quarterly dividend to $0.90 per share, subject to Board approval, and a new $1.0 billion share repurchase authorization."

"At the same time, we continued to advance our strategic priorities – to be the number one bank for our customers, to be simple and efficient, and to be a top-performing bank. It is most rewarding to see how the organization has embraced our objectives. A growing number of initiatives are gaining traction simultaneously, and the pace of execution is accelerating."

"With the satisfaction of seeing Popular solid, united, and moving forward with a clear purpose and strategy, I'm announcing my retirement, effective August 31, 2026. As I begin this next chapter, I look forward to focusing on my health and spending meaningful time with my family and close friends."

"It has been an honor to serve Popular and work alongside a team so deeply committed to our clients, communities and shareholders. I am especially grateful to our employees for their support, trust and dedication throughout my years at Popular. I am proud of what we have accomplished together and the momentum it creates for Popular’s future. I also want to thank Jorge for his partnership over the years. I know his leadership will guide Popular forward with strength, purpose and care."

Quarters ended

(Dollars in thousands)

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Net interest income

693,419

670,180

23,239

631,549

61,870

Provision for credit losses

65,873

75,886

(10,013

)

48,941

16,932

Net interest income after provision for credit losses

627,546

594,294

33,252

582,608

44,938

Non-Interest Income

180,545

165,626

14,919

168,477

12,068

Operating expenses

484,130

467,310

16,820

492,761

(8,631

)

Income before income tax

323,961

292,610

31,351

258,324

65,637

Income tax expense

45,747

46,936

(1,189

)

47,884

(2,137

)

Net income

278,214

245,674

32,540

210,440

67,774

Net income per common share-basic

4.35

3.78

0.57

3.09

1.26

Net income per common share-diluted

4.35

3.78

0.57

3.09

1.26

Significant Events

Capital Actions

On July 23, 2026, the Corporation announced the following capital actions:

The Corporation’s planned common stock repurchases may be executed in open market transactions, privately negotiated transactions, block trades or any other manner determined by the Corporation. The Corporation has repurchased approximately $280 million in common stock to date in 2026 and, as of June 30, 2026, had fully utilized the $500 million common stock repurchase authorization approved in 2025. The timing, quantity and price of the Corporation's common stock repurchases will be subject to various factors, including market conditions, the Corporation’s capital position, liquidity and financial performance, the capital impact of strategic initiatives and tax and regulatory considerations, including regulatory approvals for subsidiary dividends. The common stock repurchase authorization does not require the Corporation to acquire a specific dollar amount or number of shares and may be modified, suspended or terminated at any time without prior notice.

(Dollars in thousands)

Quarters ended

Popular, Inc.

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Net interest income

693,419

670,180

23,239

631,549

61,870

Net interest margin

3.66

—

3.49

17 bps

Net interest margin FTE [1]

4.17

4.14

3 bps

3.85

32 bps

Total deposit costs

1.57

1.56

1 bps

1.78

-21 bps

Core deposit costs (ex. P.R. public deposits)

1.10

1.09

1 bps

1.15

-5 bps

Loan yield FTE [1]

7.53

—

7.50

3 bps

Money market and investment securities yield FTE [1]

3.69

3.54

15 bps

3.50

19 bps

Banco Popular de Puerto Rico ("BPPR") Segment

Net interest income

589,922

567,947

21,975

538,475

51,447

Net interest margin

3.85

—

3.68

17 bps

Total deposit costs

1.32

1.31

1 bps

1.52

-20 bps

Popular Bank ("PB" or "Popular US") Segment

Net interest income

113,076

111,707

1,369

102,195

10,881

Net interest margin

3.17

3.15

2 bps

2.93

24 bps

Total deposit costs

2.73

2.69

4 bps

2.95

-22 bps

[1] Refer to non-GAAP measures section in this earnings release.

Popular, Inc. – Net interest income of $693 million increased $23 million, or 3.5%, from Q1 2026. The increase was primarily driven by higher income from investment securities, and by higher income on loans driven by commercial loan growth, as well as one additional day in the quarter. These were partially offset by higher interest expense on deposits, mainly due to higher average balances of P.R. public deposits, as well as commercial deposits at both banks. Average earning assets increased by $1.8 billion, driven by U.S. Treasury securities, which increased QoQ by $1.4 billion. Average interest-bearing deposits increased by $1.8 billion driven by P.R. public deposits which increased $1.1 billion when compared to Q1 2026 while non-interest bearing demand deposits increased by $167 million.

Net interest margin was unchanged at 3.66%. Deposit costs increased by one basis point to 1.57%. The additional day in the quarter represented $5 million in incremental income in Q2 2026.

NII fully taxable equivalent ("FTE") and NIM FTE (Non-GAAP)- NII FTE of $789 million increased $31 million, or 4.1%, from Q1 2026. NIM on a taxable equivalent basis expanded three basis points to 4.17%. Money market and investment securities yields FTE increased by 15 basis points, mainly driven by purchases and re-investment of maturities into higher yielding U.S. Treasury securities.

Interest income on a taxable equivalent basis includes interest income on U.S. Treasury securities, certain GNMA securities and certain loans in BPPR's portfolios, that are tax exempt in Puerto Rico.

Refer to tables D, E and F for more details on the components of NII and NIM on a taxable equivalent basis.

BPPR Segment – NII of $590 million increased $22 million, or 3.9%, from Q1 2026. Higher NII was driven by a $22 million or 10 basis points increase in money market and investment securities income, resulting from higher average balances and investment securities yields and a $9 million increase in loan income, mainly driven by higher average balances in the commercial, construction and mortgage portfolios. Higher interest expense on deposits of $9 million, mainly due to a $1.1 billion increase in average Puerto Rico public deposit balances and higher commercial deposits. NIM was stable at 3.85%. Deposit costs increased by one basis point to 1.32%, including the costs of public deposits of 2.61% or five basis points lower than last quarter.

Popular Bank Segment – NII of $113 million increased $1 million, or 1.2%, from Q1 2026. The increase was primarily driven by higher commercial loan income by $4 million and higher yields by seven basis points, attributable to the re-pricing of commercial loans and new originations carrying higher yields, as well as the impact of one additional day in the quarter, partially offset by higher interest expense on deposits by $2 million or six basis points attributable to higher costs of commercial deposits. NIM expanded by two basis points to 3.17%. Deposit costs increased by 4 basis points to 2.73%.

Quarters ended

(Dollars in thousands)

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Service charges on deposits

39,037

38,766

271

38,826

211

Debit card fees

31,538

30,009

1,529

27,918

3,620

Credit card fees

34,783

32,000

2,783

32,502

2,281

Other fees

12,136

10,861

1,275

11,723

413

Banking fees

117,494

111,636

5,858

110,969

6,525

Insurance fees

12,586

12,525

12,695

(109

)

Brokerage and asset management fees

9,998

10,187

(189

)

9,058

940

Trust fees

7,751

7,339

412

6,626

1,125

Asset management and insurance fees

30,335

30,051

284

28,379

1,956

Mortgage banking activities

6,267

4,213

2,054

4,872

1,395

Other operating income

26,449

19,726

6,723

24,257

2,192

Non-interest income

180,545

165,626

14,919

168,477

12,068

Non-interest income of $181 million increased $15 million or 8% from Q1 2026.

Key drivers: Banking fees increased $6 million to $117 million, driven by credit and debit card fees, which increased by $3 million and $2 million, respectively, supported by strong transaction activity and higher purchase volumes, including from commercial credit cards. Other operating income increased by $7 million to $26 million, mainly driven by higher income from investments accounted for under the equity method by $4 million, that benefited from an unrealized gain of $3 million in the valuation of an investment.

Refer to Table B for further details.

Quarters ended

(Dollars in thousands)

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Salaries

134,448

134,813

(365

)

132,752

1,696

Commissions and incentives

39,911

34,903

5,008

40,551

(640

)

Profit sharing

10,000

(1,203

)

11,203

13,000

(3,000

)

Pension, postretirement and other

44,672

47,556

(2,884

)

43,052

1,620

Total personnel costs

229,031

216,069

12,962

229,355

(324

)

Technology and software

90,971

89,139

1,832

84,696

6,275

Professional fees

24,484

25,553

(1,069

)

28,108

(3,624

)

Business promotion

27,900

22,860

5,040

26,385

1,515

Transactional services

37,266

39,087

(1,821

)

37,861

(595

)

Net occupancy

27,764

27,299

465

29,140

(1,376

)

Other operating expenses

46,714

47,303

(589

)

57,216

(10,502

)

Operating Expenses

484,130

467,310

16,820

492,761

(8,631

)

Total operating expenses of $484 million increased $17 million, or 3%, from Q1 2026.

Key drivers: Total personnel costs increased by $13 million, or 6%, primarily reflecting higher performance-based compensation, including approximately $10 million related to the employee profit-sharing plan and additional accruals for short-term incentive compensation by $5 million, both of which are tied to the Corporation’s financial performance. Full-time equivalent employees were 9,203 as of June 30, 2026, compared to 9,191 as of March 31, 2026.

Business promotion expenses increased $5 million driven by an increase in transaction activity in Q2 2026, tied to our credit card business rewards program and a benefit in Q1 2026 from the expiration of unclaimed customer rewards points.

For a breakdown of operating expenses by category in the consolidated statement of operations refer to Table B.

INCOME TAXES

For the second quarter of 2026, the Corporation recorded an income tax expense of $46 million, compared to $47 million for the previous quarter.

The Corporation's effective tax rate ("ETR") is impacted by the composition and source of its taxable income and tax credit activities. The ETR for the second quarter of 2026 was 14.1%, compared to 16.0% for the previous quarter, mainly driven by higher exempt income and the impact of other tax benefits, including the purchase of tax credits and income with preferential tax rates.

CREDIT QUALITY

Credit Quality Metrics

(Dollars in thousands)

Quarters ended

Popular, Inc.

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Provision for credit losses - loan portfolios

65,154

75,689

(10,535

)

49,539

15,615

Net charge-offs

104,053

60,023

44,030

42,202

61,851

ACL - loans held-in-portfolio

784,832

823,729

(38,897

)

769,485

15,347

NCO Ratio

1.05

0.61

44 bps

0.45

60 bps

NPL Ratio

1.04

1.17

-13 bps

0.82

22 bps

Allowance / loans held-in-portfolio

1.97

2.10

-13 bps

2.02

-5 bps

Non-performing assets

546,694

503,797

42,897

357,751

188,943

Non-performing loans held-in-portfolio

413,437

458,117

(44,680

)

311,625

101,812

Non-performing loans held-for-sale

83,700

—

83,700

—

83,700

Other real estate owned (“OREO”)

49,557

45,680

3,877

46,126

3,431

Allowance / non-performing loans held-in-portfolio

190

180

247

(57

(Dollars in thousands)

Quarters ended

BPPR

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Provision for credit losses - loan portfolios

61,738

73,298

(11,560

)

43,150

18,588

Net charge-offs

101,688

58,990

42,698

40,164

61,524

Total non-performing loans held-in-portfolio

367,824

420,273

(52,449

)

257,648

110,176

ACL - loans held-in-portfolio

692,287

732,235

(39,948

)

679,249

13,038

NCO Ratio

1.46

0.85

61 bps

0.61

85 bps

Allowance / loans held-in-portfolio

2.47

2.65

-18 bps

2.53

-6 bps

Allowance / non-performing loans held-in-portfolio

188

174

264

(75

(Dollars in thousands)

Quarters ended

Popular U.S.

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Provision for credit losses (benefit) - loan portfolios

3,416

2,391

1,025

6,389

(2,973

)

Net charge-offs

2,365

1,033

1,332

2,038

327

Total non-performing loans held-in-portfolio

45,613

37,844

7,769

53,977

(8,364

)

ACL - loans held-in-portfolio

92,545

91,494

1,051

90,236

2,309

NCO Ratio

0.08

0.04

4 bps

0.07

1 bps

Allowance / loans held-in-portfolio

0.79

0 bps

0.79

0 bps

Allowance / non-performing loans held-in-portfolio

203

242

(39

167

During the second quarter of 2026, the Corporation’s overall credit quality metrics remained stable. The quarter included the resolution of a significant commercial non-performing relationship, which resulted in a $71 million charge-off and the transfer of the remaining $84 million carrying amount to loans held-for-sale. Consumer credit performance continued to improve, supported by lower losses in the auto portfolio. Commercial NPL inflows increased during the quarter, driven by borrower-specific issues that management does not view as indicative of broader credit deterioration.

Non-Performing Loans Held-in-Portfolio ("NPLs") and Net Charge Offs ("NCOs")

Total NPLs decreased $45 million to $413 million during Q2 2026. Excluding consumer loans, inflows of NPLs held-in-portfolio increased $137 million in the second quarter of 2026. The ratio of NPLs to total loans held in the portfolio was 1.04% for the second quarter of 2026, compared to 1.17% for the previous quarter. NCO Ratio of 1.05% increased 44 basis points when compared to the previous quarter. Excluding the $71 million charge-off, the NCO Ratio was 0.33% for the quarter.

BPPR segment- NPLs decreased $52 million, primarily driven by a $47 million reduction in commercial NPLs. The decline reflects the resolution of a $155 million relationship, where our intent to sell resulted in a $71 million charge-off and the transfer of the remaining $84 million to loans held for sale (“LHFS”). The loan was subsequently sold on July 2, 2026. The decrease resulting from the reclassification of the loan previously mentioned was partially offset by the inflows to commercial NPLs of two unrelated commercial and industrial relationships of $129 million in the aggregate. These inflows to commercial NPLs stemmed from issues specific to the individual borrowers and are not indicative of a broader decline in portfolio credit quality or the industries in which the borrowers operate. Excluding consumer loans, BPPR segment NPL inflows increased $123 million compared to the prior quarter.

NCOs increased $43 million, primarily reflecting the previously mentioned commercial credit resolution, partially offset by a $10 million improvement in consumer NCOs, mostly due to lower losses in the auto portfolio. NCO Ratio of 1.46%, increased 61 basis points driven by the $71 million charge off during the quarter.

PB segment- NPLs increased $8 million, primarily driven by commercial NPLs. Excluding consumer loans, inflows to NPLs increased $14 million compared to the previous quarter. NCO Ratio of 0.08%, increased 4 basis points during the quarter.

Refer to table L for a breakdown of Non-Performing Assets.

Allowance for loan losses ("ACL")

The ACL as of June 30, 2026 amounted to $785 million, a decrease of $39 million when compared to the first quarter of 2026. The decline primarily reflects the resolution of the commercial non-performing credit moved to LHFS, improving consumer credit performance, and favorable portfolio and macroeconomic developments.

BPPR segment- The ACL decreased by $40 million compared to the previous quarter, mostly driven by a $22 million decrease in reserves for commercial loans. This decrease was primarily due to the transfer to LHFS of the $155 million NPL and related charge-off, as well as favorable changes in the credit quality of the portfolio and the macroeconomic scenario, partially offset by higher reserves associated with NPL inflows during the quarter and loan growth. Additionally, the ACL for consumer loans decreased by $12 million, primarily in the auto and credit card portfolios, reflecting improvements in credit quality.

PB segment- The ACL remained stable quarter-over-quarter at $93 million.

Provision for credit losses

Provision for loan losses of $65 million for the second quarter of 2026. The decrease of $10 million compared to the prior quarter was primarily driven by a lower provision expense in the BPPR segment by $12 million, reflecting improved credit quality in the consumer portfolio, higher recovery activity, and a more favorable macroeconomic outlook supporting the mortgage portfolio. These favorable trends were partially offset by higher reserve requirements associated with commercial NPL inflows during the quarter.

Including the provision for unfunded loan commitments and the provision related to the Corporation’s investment portfolio, the provision for credit losses for the second quarter was $66 million.

Quarters ended

(In thousands)

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-June-25

Cash and money market investments

4,920,502

5,040,621

(120,119

)

6,741,417

(1,820,915

)

Investment securities

31,264,698

28,943,544

2,321,154

28,283,970

2,980,728

Loans

39,749,862

39,289,702

460,160

38,185,178

1,564,684

Total assets

78,972,300

76,131,018

2,841,282

76,065,090

2,907,210

Deposits

70,233,115

67,611,316

2,621,799

67,217,491

3,015,624

Borrowings

1,462,831

1,119,557

343,274

1,414,494

48,337

Total liabilities

72,539,295

69,819,932

2,719,363

70,111,072

2,428,223

Stockholders’ equity

6,433,005

6,311,086

121,919

5,954,018

478,987

Total assets- Total assets increased $2.8 billion from the first quarter of 2026, primarily driven by an increase of $2.3 billion in investment securities. Loans held-in-portfolio increased $460 million, mainly due to an increase of $300 million in the BPPR segment across most portfolios and an increase of $160 million in the PB segment, primarily in commercial loans. Loans held-for-sale ("LHFS") also increased $83 million, mainly due to the loan reclassified as LHFS during the quarter.

Total liabilities- Total liabilities increased $2.7 billion from the first quarter of 2026, mainly reflecting a $2.6 billion increase in deposits, including growth in P.R. public deposits of $3.0 billion, coupled with a $325 million increase in short-term borrowings due to higher FHLB advances at PB. This was partially offset by a $246 million decline in other liabilities, primarily from lower unsettled U.S. Treasury purchases outstanding at period end.

Stockholders’ equity- Stockholders' equity increased $122 million when compared to the first quarter of 2026, driven by $278 million of net income and $35 million of amortization of unrealized losses on securities previously reclassified to held-to- maturity ("HTM"), net of tax, and a favorable variance in foreign currency translation adjustments of $22 million from our investment in BHD. These increases were partially offset by $125 million of common share repurchases, $49 million in common and preferred dividends declared, and a $50 million increase in unrealized losses on available-for-sale ("AFS") securities.

Quarter ended 30-Jun-26

(Dollars in thousands)

BPPR

POPULAR

Loans held-in-portfolio:

Commercial multi-family

345,959

2,053,465

2,399,424

Commercial real estate non-owner occupied

3,321,095

2,299,780

5,620,875

Commercial real estate owner occupied

1,156,681

2,100,021

3,256,702

Commercial and industrial

6,163,068

2,611,016

8,774,084

Construction

425,850

1,306,225

1,732,075

Mortgage

7,529,550

1,250,784

8,780,334

Leasing

1,968,035

—

1,968,035

Consumer:

Credit cards

1,238,010

(13

)

—

1,237,997

Home equity lines of credit

1,852

—

83,505

85,357

—

Personal

1,896,019

56,706

—

1,952,725

Auto

3,766,648

—

3,766,648

Other

164,069

11,537

—

175,606

Total loans held-in-portfolio

27,976,836

100

11,773,026

100

39,749,862

100

The Corporation maintained a diversified loan portfolio at June 30, 2026 with approximately 70% of loan balances in its main market of Puerto Rico and 54% of our consolidated loan portfolio consisting of real estate-related loans, including residential mortgage loans, construction loans, commercial multi-family, and commercial loans secured by commercial real estate.

Quarter ended 30-Jun-26

(Dollars in thousands)

BPPR

PB [2]

POPULAR

Non-public deposits:

Demand deposits

13,851,038

1,428,006

15,085,454

Savings, NOW and money market deposits (non- brokered)

17,368,199

6,159,751

23,376,410

Savings, NOW and money market deposits (brokered)

79,505

—

79,505

—

Time deposits (non-brokered)

4,666,304

3,469,908

8,113,712

Time deposits (brokered CDs)

—

873,116

Total Non-public deposits:

35,965,046

11,930,781

100

47,528,197

P.R public deposits:

Demand Deposits [1]

11,438,732

—

11,438,732

Savings, NOW and money market deposits (non-brokered)

10,347,936

—

10,347,936

Time deposits (non-brokered)

918,250

—

918,250

Total P.R. public deposits

22,704,918

—

22,704,918

Total deposits

58,669,964

100

11,930,781

100

70,233,115

100

[1] Includes interest bearing demand deposits.

[2] PB deposits include intercompany deposits, which are eliminated at the consolidated level.

Total deposits were $70.2 billion as of the end of Q2 2026, reflecting a diversified funding base across retail, commercial and public sector.

P.R. public deposits stood at $22.7 billion representing 32% of total deposits. We expect P.R. public deposits to be in the range of $20-22 billion for the rest of the year.

Quarters ended

(In thousands)

30-Jun-26

31-Mar-26

Δ vs

31-Mar-26

30-Jun-25

Δ vs

30-Jun-25

Capital Position

Common equity per share

100.38

97.27

3.11

87.31

13.07

Tangible common book value per common share (non-GAAP) [1]

87.94

84.98

2.96

75.41

12.53

Tangible common book value to tangible assets (non-GAAP) [1]

7.18

7.29

-11 bps

6.81

37 bps

20.12

18.18

194 bps

14.38

574 bps

17.02

15.46

156 bps

13.26

376 bps

Regulatory Capital

Common Equity Tier 1 capital

16.08

15.92

16 bps

15.91

17 bps

Tier 1 capital

16.13

15.98

15 bps

15.96

17 bps

Total capital

17.85

17.71

14 bps

17.70

15 bps

Tier 1 leverage

8.57

8.60

-3 bps

8.51

6 bps

[1] Refer to Table R for the reconciliation to most comparable GAAP measures.

The Corporation's Common Equity Tier 1 capital ratio was 16.08% at June 30, 2026, higher by 16 basis points when compared to Q1 2026, which was primarily driven by higher income. Tangible common book value per common share increased to $87.94, driven by net income partially offset by capital return activity. Common equity per share increased to $100.38.

Refer to Table A for capital ratios and Table R for a reconciliation of the non-GAAP financial measures presented above to the most comparable GAAP financial measures.

Capital Actions – During the quarter and six months ended June 30, 2026, Popular repurchased 833,369 shares of common stock for $125 million at an average price of $150.36 per share and 1,988,767 shares of common stock for $280 million at an average price of $141.04 per share, respectively. Common stock repurchases and dividends on preferred and common stock combined, represented capital returned to shareholders of $174 million during the quarter and $378 million for the six months ended June 30, 2026.

ROTCE (non-GAAP) – Return on average tangible common equity, adjusted to add-back unrealized (gains) losses on AFS securities, including those transferred to HTM (as so adjusted, "ROTCE"), improved to 17.02% in Q2 2026, up from 15.46% in Q1 2026. We believe that adding back the impact of unrealized (gains) losses on AFS securities including those transferred to HTM to the denominator provides meaningful information about the Corporation’s return on capital.

2026 FULL YEAR OUTLOOK

Metric

2026 Guidance (GAAP Basis)

Updated Guidance

Commentary

Net Interest Income

5%-7% increase for the year

8% - 9% increase for the year

Driven by higher volume of P.R. deposits

Non-Interest Income

$160 million-$165 million per quarter

$165 million - $170 million per quarter

Driven by increase in credit and debit card activity

NCOs

55 bps-70 bps annualized

65 bps - 80 bps annualized

Due to YTD commercial charge-offs and NPL inflows

Operating Expenses

3% increase for the year

2% - 3% increase for the year

Guidance includes profit sharing expense

Effective Tax Rate

15%-17% for the year

14% - 15% for the year

Driven by higher exempt income

Loan Growth

3%-4% for the year

Low-end of the guidance range

Driven by consumer loan activity in P.R. and C&I loan sold in Q3 2026

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. Below are the non-GAAP measures used in this earnings release:

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, outlook 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, the receipt of necessary regulatory approvals, including for dividends by the Corporation’s subsidiaries, and the timing of those regulatory approvals, 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, the occurrence of any cyber-security event, changes to regulatory capital, liquidity and resolution-related requirements applicable to financial institutions, 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, 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, 2025, our Form 10-Q for the quarter ended March 31, 2026 and our Form 10-Q for the quarter ended June 30, 2026 to be filed with the Securities and Exchange Commission. Our filings are available on the Corporation’s website ( www.popular.com) and on the Securities and Exchange Commission website ( www.sec.gov). The Corporation assumes no obligation to update or revise any forward-looking statements or information which speak as of their respective dates.

ABOUT POPULAR, INC.

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, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.

CONFERENCE CALL

Popular will hold a conference call to discuss its financial results today, Wednesday, July 23, 2026 at 11:00 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.

Following the live webcast, a replay will be archived in the investor relations section of Popular’s website.

Popular, Inc.

Financial Supplement to Second Quarter 2026 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

POPULAR, INC.

Financial Supplement to Second Quarter 2026 Earnings Release

Table A - Selected Ratios and Other Information

(Unaudited)

Quarters ended

Six months ended

30-Jun-26

31-Mar-26

30-Jun-25

30-Jun-26

30-Jun-25

Basic EPS

4.35

3.78

3.09

8.13

5.64

Diluted EPS

4.35

3.78

3.09

8.13

5.64

Average common shares outstanding

63,880,929

64,818,440

68,050,361

64,347,094

68,661,851

Average common shares outstanding - assuming dilution

63,915,634

64,877,543

68,079,649

64,381,799

68,687,659

Common shares outstanding at end of period

63,866,681

64,654,788

67,937,468

63,866,681

67,937,468

Market value per common share

164.18

134.17

110.21

164.18

110.21

Market capitalization - (In millions)

10,486

8,675

7,487

10,486

7,487

Return on average assets

1.41

1.29

1.11

1.35

1.04

Return on average common equity

15.18

13.76

11.77

14.48

10.93

Net interest margin (non-taxable equivalent basis)

3.66

3.49

3.67

3.45

Net interest margin (taxable equivalent basis) -non-GAAP

4.17

4.14

3.85

4.16

3.80

Common equity per share

100.38

97.27

87.31

100.38

87.31

Tangible common book value per common share (non-GAAP) [1]

87.94

84.98

75.41

87.94

75.41

Tangible common equity to tangible assets (non-GAAP) [1]

7.18

7.29

6.81

7.18

6.81

Return on average tangible common equity [1]

17.02

15.46

13.26

17.02

12.32

Tier 1 capital

16.13

15.98

15.96

16.13

15.96

Total capital

17.85

17.71

17.70

17.85

17.70

Tier 1 leverage

8.57

8.60

8.51

8.57

8.51

Common Equity Tier 1 capital

16.08

15.92

15.91

16.08

15.91

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

POPULAR, INC.

Financial Supplement to Second Quarter 2026 Earnings Release

Table B - Consolidated Statement of Operations

(Unaudited)

Quarters ended

Variance Quarter ended

Variance

Six months ended

(In thousands, except per share information)

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

30-Jun-26

30-Jun-25

Interest income:

Loans

714,266

702,149

12,117

684,587

29,679

1,416,415

1,351,260

Money market investments

47,021

44,240

2,781

69,532

(22,511

)

91,261

139,698

Investment securities

220,352

200,827

19,525

189,753

30,599

421,179

369,912

Total interest income

981,639

947,216

34,423

943,872

37,767

1,928,855

1,860,870

Interest expense:

Deposits

271,254

259,418

11,836

295,058

(23,804

)

530,672

592,921

Short-term borrowings

5,172

5,703

(531

)

5,300

(128

)

10,875

6,726

Long-term debt

11,794

11,915

(121

)

11,965

(171

)

23,709

24,077

Total interest expense

288,220

277,036

11,184

312,323

(24,103

)

565,256

623,724

Net interest income

693,419

670,180

23,239

631,549

61,870

1,363,599

1,237,146

Provision for credit losses

65,873

75,886

(10,013

)

48,941

16,932

141,759

113,022

Net interest income after provision for credit losses

627,546

594,294

33,252

582,608

44,938

1,221,840

1,124,124

Service charges on deposit accounts

39,037

38,766

271

38,826

211

77,803

77,880

Other service fees

108,792

102,921

5,871

100,522

8,270

211,713

195,030

Mortgage banking activities

6,267

4,213

2,054

4,872

1,395

10,480

8,561

Net loss, including impairment, on debt securities

(595

)

—

(595

)

—

(595

)

(595

)

—

Net gain, including impairment, on equity securities

2,327

1,029

1,298

1,862

465

3,356

1,448

Net gain on trading account debt securities

214

261

(47

)

538

(324

)

475

1,058

Adjustments to indemnity reserves on loans sold

394

359

120

274

429

293

Other operating income

24,109

18,401

5,708

21,737

2,372

42,510

36,268

Total non-interest income

180,545

165,626

14,919

168,477

12,068

346,171

320,538

Operating expenses:

Personnel costs

Salaries

134,448

134,813

(365

)

132,752

1,696

269,261

263,702

Commissions, incentives and other bonuses

39,911

34,903

5,008

40,551

(640

)

74,814

78,537

Profit sharing

10,000

(1,203

)

11,203

13,000

(3,000

)

8,797

13,000

Pension, postretirement and medical insurance

18,773

14,896

3,877

18,458

315

33,669

33,024

Other personnel costs, including payroll taxes

25,899

32,660

(6,761

)

24,594

1,305

58,559

53,805

Total personnel costs

229,031

216,069

12,962

229,355

(324

)

445,100

442,068

Net occupancy expenses

27,764

27,299

465

29,140

(1,376

)

55,063

56,358

Equipment expenses

5,879

5,229

650

5,789

11,108

11,091

Other taxes

17,707

17,677

18,632

(925

)

35,384

37,357

Professional fees

24,484

25,553

(1,069

)

28,108

(3,624

)

50,037

54,933

Technology and software expenses

90,971

89,139

1,832

84,696

6,275

180,110

168,364

Processing and transactional services

Credit and debit cards

13,236

14,206

(970

)

13,044

192

27,442

25,970

Other processing and transactional services

24,030

24,881

(851

)

24,817

(787

)

48,911

49,672

Total processing and transactional services

37,266

39,087

(1,821

)

37,861

(595

)

76,353

75,642

Communications

4,261

4,509

(248

)

5,010

(749

)

8,770

9,914

Business promotion

Rewards and customer loyalty programs

19,600

15,392

4,208

18,047

1,553

34,992

34,412

Other business promotion

8,300

7,468

832

8,338

(38

)

15,768

15,648

Total business promotion

27,900

22,860

5,040

26,385

1,515

50,760

50,060

Deposit insurance

9,977

9,917

9,407

570

19,894

19,442

Other real estate owned (OREO) income

(3,238

)

(4,618

)

1,380

(4,124

)

886

(7,856

)

(7,454

)

Other operating expenses

Operational losses

3,118

3,975

(857

)

6,185

(3,067

)

7,093

12,323

All other

8,626

10,230

(1,604

)

15,932

(7,306

)

18,856

32,693

Total other operating expenses

11,744

14,205

(2,461

)

22,117

(10,373

)

25,949

45,016

Amortization of intangibles

384

—

385

)

768

982

Total operating expenses

484,130

467,310

16,820

492,761

(8,631

)

951,440

963,773

Income before income tax

323,961

292,610

31,351

258,324

65,637

616,571

480,889

Income tax expense

45,747

46,936

(1,189

)

47,884

(2,137

)

92,683

92,947

Net income

278,214

245,674

32,540

210,440

67,774

523,888

387,942

Net income applicable to common stock

277,861

245,321

32,540

210,087

67,774

523,182

387,236

Net income per common share - basic

4.35

3.78

0.57

3.09

1.26

8.13

5.64

Net income per common share - diluted

4.35

3.78

0.57

3.09

1.26

8.13

5.64

Dividends Declared per Common Share

0.75

—

0.70

0.05

1.50

1.40

Popular, Inc.

Financial Supplement to Second Quarter 2026 Earnings Release

Table C - Consolidated Statement of Financial Condition

(Unaudited)

Quarters ended

Variance

(In thousands)

30-Jun-26

31-Mar-26

30-Jun-25

Δ vs 31-Mar-26

Assets:

Cash and due from banks

365,013

384,922

400,631

(19,909

)

Money market investments

4,555,489

4,655,699

6,340,786

(100,210

)

Trading account debt securities, at fair value

31,170

30,449

29,643

721

Debt securities available-for-sale, at fair value

24,792,834

21,733,269

20,490,212

3,059,565

Debt securities held-to-maturity, at amortized cost

6,204,020

6,962,659

7,541,724

(758,639

)

Less: Allowance for credit losses

6,230

5,900

5,999

330

Debt securities held-to-maturity, net

6,197,790

6,956,759

7,535,725

(758,969

)

Equity securities

236,674

217,167

222,391

19,507

Loans held-for-sale, at lower of cost or fair value

88,579

5,603

2,898

82,976

Loans held-in-portfolio

40,156,582

39,703,844

38,611,834

452,738

Less: Unearned income

406,720

414,142

426,656

(7,422

)

Allowance for credit losses

784,832

823,729

769,485

(38,897

)

Total loans held-in-portfolio, net

38,965,030

38,465,973

37,415,693

499,057

Premises and equipment, net

731,945

706,233

649,191

25,712

Other real estate

49,557

45,680

46,126

3,877

Accrued income receivable

307,251

308,617

274,867

(1,366

)

Mortgage servicing rights, at fair value

94,485

94,232

103,077

253

Other assets

1,762,221

1,731,769

1,745,052

30,452

Goodwill

789,954

802,954

—

Other intangible assets

4,308

4,692

5,844

(384

)

Total assets

78,972,300

76,131,018

76,065,090

2,841,282

Liabilities and Stockholders’ Equity:

Liabilities:

Deposits:

Non-interest bearing

15,096,293

15,785,788

15,114,614

(689,495

)

Interest bearing

55,136,822

51,825,528

52,102,877

3,311,294

Total deposits

70,233,115

67,611,316

67,217,491

2,621,799

Assets sold under agreements to repurchase

77,521

34,576

56,043

42,945

Other short-term borrowings

675,000

350,000

550,000

325,000

Notes payable

710,310

734,981

808,451

(24,671

)

Other liabilities

843,349

1,089,059

1,479,087

(245,710

)

Total liabilities

72,539,295

69,819,932

70,111,072

2,719,363

Stockholders’ equity:

Preferred stock

22,143

—

Common stock

1,050

1,049

Surplus

4,937,091

4,928,636

4,919,950

8,455

Retained earnings

5,632,866

5,403,176

4,861,958

229,690

Treasury stock

(3,000,759

)

(2,875,230

)

(2,455,425

)

(125,529

)

Accumulated other comprehensive loss, net of tax

(1,159,386

)

(1,168,688

)

(1,395,657

)

9,302

Total stockholders’ equity

6,433,005

6,311,086

5,954,018

121,919

Total liabilities and stockholders’ equity

78,972,300

76,131,018

76,065,090

2,841,282

Popular, Inc.

Financial Supplement to Second Quarter 2026 Earnings Release

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

For the quarters ended June 30, 2026 and March 31, 2026

(audited)

Average Volume

Average Yields / Costs

Interest

Variance

Attributable to

30-Jun-26

31-Mar-26

Variance

30-Jun-26

31-Mar-26

Variance

30-Jun-26

31-Mar-26

Variance

Rate

Volume

(In millions)

(In thousands)

5,095

4,850

245

3.70

—

Money market investments

47,021

44,240

2,781

521

2,260

31,091

29,810

1,281

3.69

3.52

0.17

Investment securities [1]

286,115

258,897

27,218

14,156

13,062

)

5.76

5.56

0.20

Trading securities

454

463

)

(30

)

36,218

34,694

1,524

3.69

3.54

0.15

Total money market, investment and trading securities

333,590

303,600

29,990

14,698

15,292

Loans:

19,932

19,723

209

6.73

6.71

0.02

Commercial

334,494

326,387

8,107

4,622

3,485

1,764

1,697

7.90

8.14

(0.24

)

Construction

34,729

34,068

661

(674

)

1,335

1,970

1,985

(15

)

7.45

7.35

0.10

Leasing

36,680

36,459

221

499

(278

)

8,732

8,664

6.15

6.08

0.07

Mortgage

134,236

131,679

2,557

1,510

1,047

3,310

3,309

13.74

13.86

(0.12

)

Consumer

113,356

113,129

227

408

(181

)

3,867

3,892

(25

)

9.32

9.33

(0.01

)

Auto

89,901

89,496

405

983

(578

)

39,575

39,270

305

7.53

—

Total loans

743,396

731,218

12,178

7,348

4,830

75,793

73,964

1,829

5.70

5.66

0.04

Total earning assets

1,076,986

1,034,818

42,168

22,046

20,122

Interest bearing deposits:

8,819

8,554

265

1.69

1.62

0.07

NOW and money market

37,237

34,159

3,078

1,986

1,092

14,817

14,633

184

0.78

0.77

0.01

Savings

28,640

27,714

926

766

160

8,907

8,714

193

2.95

2.99

(0.04

)

Time deposits

65,411

64,243

1,168

)

1,172

21,502

20,362

1,140

2.61

2.66

(0.05

)

P.R. public deposits

139,966

133,302

6,664

(926

)

7,590

54,045

52,263

1,782

2.01

—

Total interest bearing deposits

271,254

259,418

11,836

1,822

10,014

15,268

15,101

167

Non-interest bearing demand deposits

69,313

67,364

1,949

1.57

1.56

0.01

Total deposits

271,254

259,418

11,836

1,822

10,014

539

597

(58

)

3.85

3.88

(0.03

)

Short-term borrowings

5,172

5,703

(531

)

(550

)

741

772

(31

)

6.38

6.26

0.12

Other medium and long-term debt

11,794

11,915

(121

)

320

(441

)

55,325

53,632

1,693

2.09

—

Total interest bearing liabilities (excluding demand deposits)

288,220

277,036

11,184

2,161

9,023

5,200

5,231

(31

)

Other sources of funds

75,793

73,964

1,829

1.53

1.52

0.01

Total source of funds

288,220

277,036

11,184

2,161

9,023

4.17

4.14

0.03

Net interest margin/ income on a taxable equivalent basis (Non-GAAP)

788,766

757,782

30,984

19,885

11,099

3.61

3.57

0.04

Net interest spread

Taxable equivalent adjustment

95,347

87,602

7,745

3.66

—

Net interest margin/ income non-taxable equivalent basis (GAAP)

693,419

670,180

23,239

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 Second Quarter 2026 Earnings Release

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

For the quarters ended June 30, 2026 and June 30, 2025

(Unaudited)

Average Volume

Average Yields / Costs

Interest

Variance

Attributable to

30-Jun-26

30-Jun-25

Variance

30-Jun-26

30-Jun-25

Variance

30-Jun-26

30-Jun-25

Variance

Rate

Volume

(In millions)

(In thousands)

5,095

6,251

(1,156

)

3.70

4.46

(0.76

Money market investments

47,021

69,532

(22,511

)

(10,800

)

(11,711

)

31,091

28,809

2,282

3.69

3.29

0.40

Investment securities [1]

286,115

236,372

49,743

25,813

23,930

5.76

5.99

(0.23

)

Trading securities

454

407

(16

)

36,218

35,087

1,131

3.69

3.50

0.19

Total money market, investment and trading securities

333,590

306,311

27,279

14,997

12,282

Loans:

19,932

18,676

1,256

6.73

—

Commercial

334,494

313,493

21,001

(80

)

21,081

1,764

1,459

305

7.90

8.19

(0.29

)

Construction

34,729

29,806

4,923

(1,113

)

6,036

1,970

1,963

7.45

7.18

0.27

Leasing

36,680

35,249

1,431

1,307

124

8,732

8,339

393

6.15

5.89

0.26

Mortgage

134,236

122,873

11,363

5,431

5,932

3,310

3,211

13.74

14.00

(0.26

)

Consumer

113,356

112,083

1,273

(1,995

)

3,268

3,867

3,937

(70

)

9.32

9.14

0.18

Auto

89,901

89,706

195

1,809

(1,614

)

39,575

37,585

1,990

7.53

7.50

0.03

Total loans

743,396

703,210

40,186

5,359

34,827

75,793

72,672

3,121

5.70

5.57

0.13

Total earning assets

1,076,986

1,009,521

67,465

20,356

47,109

Interest bearing deposits:

8,819

8,062

757

1.69

1.71

(0.02

NOW and money market

37,237

34,288

2,949

(1,647

)

4,596

14,817

14,605

212

0.78

0.83

(0.05

)

Savings

28,640

30,378

(1,738

)

(1,134

)

(604

)

8,907

8,532

375

2.95

3.15

(0.20

)

Time deposits

65,411

67,032

(1,621

)

(4,675

)

3,054

21,502

20,333

1,169

2.61

3.22

(0.61

)

P.R. public deposits

139,966

163,360

(23,394

)

(32,122

)

8,728

54,045

51,532

2,513

2.01

2.29

(0.28

)

Total interest bearing deposits

271,254

295,058

(23,804

)

(39,578

)

15,774

15,268

14,825

443

Non-interest bearing demand deposits

69,313

66,357

2,956

1.57

1.78

(0.21

)

Total deposits

271,254

295,058

(23,804

)

(39,578

)

15,774

539

470

3.85

4.52

(0.67

)

Short-term borrowings

5,172

5,300

(128

)

(831

)

703

741

832

(91

)

6.38

5.79

0.59

Other medium and long-term debt

11,794

11,965

(171

)

1,253

(1,424

)

55,325

52,834

2,491

2.09

2.36

(0.27

)

Total interest bearing liabilities (excluding demand deposits)

288,220

312,323

(24,103

)

(39,156

)

15,053

5,200

5,013

187

Other sources of funds

75,793

72,672

3,121

1.53

1.72

(0.19

Total source of funds

288,220

312,323

(24,103

)

(39,156

)

15,053

4.17

3.85

0.32

Net interest margin/ income on a taxable equivalent basis (Non-GAAP)

788,766

697,198

91,568

59,512

32,056

3.61

3.21

0.40

Net interest spread

Taxable equivalent adjustment

95,347

65,649

29,698

3.66

3.49

0.17

Net interest margin/ income non-taxable equivalent basis (GAAP)

693,419

631,549

61,870

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.

Popular, Inc.

Financial Supplement to Second Quarter 2026 Earnings Release

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

(Unaudited)

Average Volume

Average Yields / Costs

Interest

Variance

Attributable to

30-Jun-26

30-Jun-25

Variance

30-Jun-26

30-Jun-25

Variance

30-Jun-26

30-Jun-25

Variance

Rate

Volume

(In millions)

(In thousands)

4,973

6,314

(1,341

)

3.70

4.46

(0.76

Money market investments

91,261

139,698

(48,437

)

(21,575

)

(26,862

)

30,454

28,613

1,841

3.61

3.22

0.39

Investment securities [1]

545,012

456,807

88,205

50,353

37,852

5.66

5.90

(0.24

)

Trading securities

916

847

(36

)

105

35,460

34,956

504

3.62

3.45

0.17

Total money market, investment and trading securities

637,189

597,352

39,837

28,742

11,095

Loans:

19,828

18,585

1,243

6.72

—

Commercial

660,881

619,461

41,420

(21

)

41,441

1,731

1,385

346

8.02

8.15

(0.13

)

Construction

68,796

55,995

12,801

(964

)

13,765

1,977

1,951

7.40

7.14

0.26

Leasing

73,139

69,693

3,446

2,485

961

8,698

8,254

444

6.11

5.86

0.25

Mortgage

265,915

241,789

24,126

10,791

13,335

3,310

3,207

103

13.80

14.02

(0.22

)

Consumer

226,486

222,989

3,497

(3,386

)

6,883

3,880

3,929

(49

)

9.32

9.11

0.21

Auto

179,398

177,511

1,887

4,154

(2,267

)

39,424

37,311

2,113

7.53

7.49

0.04

Total loans

1,474,615

1,387,438

87,177

13,059

74,118

74,884

72,267

2,617

5.68

5.54

0.14

Total earning assets

2,111,804

1,984,790

127,014

41,801

85,213

Interest bearing deposits:

8,687

8,022

665

1.66

1.72

(0.06

NOW and money market

71,397

68,290

3,107

(5,927

)

9,034

14,725

14,556

169

0.77

0.85

(0.08

)

Savings

56,353

61,658

(5,305

)

(3,967

)

(1,338

)

8,812

8,466

346

2.97

3.18

(0.21

)

Time deposits

129,654

133,713

(4,059

)

(9,545

)

5,486

20,935

20,310

625

2.63

3.27

(0.64

)

P.R public deposits

273,268

329,260

(55,992

)

(65,601

)

9,609

53,159

51,354

1,805

2.01

2.33

(0.32

)

Total interest bearing deposits

530,672

592,921

(62,249

)

(85,040

)

22,791

15,185

14,758

427

Non-interest bearing demand deposits

68,344

66,112

2,232

1.57

1.81

(0.24

)

Total deposits

530,672

592,921

(62,249

)

(85,040

)

22,791

568

297

271

3.86

4.57

(0.71

)

Short-term borrowings

10,875

6,726

4,149

(1,116

)

5,265

757

847

(90

)

6.32

5.72

0.60

Other medium and long-term debt

23,709

24,077

(368

)

2,474

(2,842

)

54,484

52,498

1,986

2.09

2.40

(0.31

)

Total interest bearing liabilities (excluding demand deposits)

565,256

623,724

(58,468

)

(83,682

)

25,214

5,215

5,011

204

Other sources of funds

74,884

72,267

2,617

1.52

1.74

(0.22

Total source of funds

565,256

623,724

(58,468

)

(83,682

)

25,214

4.16

3.80

0.36

Net interest margin/ income on a taxable equivalent basis (Non-GAAP)

1,546,548

1,361,066

185,482

125,483

59,999

3.59

3.14

0.45

Net interest spread

Taxable equivalent adjustment

182,949

123,920

59,029

3.67

3.45

0.22

Net interest margin/ income non-taxable equivalent basis (GAAP)

1,363,599

1,237,146

126,453

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.

Popular, Inc.

Financial Supplement to Second Quarter 2026 Earnings Release

Table G - Mortgage Banking Activities and Other Service Fees

(Unaudited)

Mortgage Banking Activities

Quarters ended

Variance

Six month ended

(In thousands)

30-Jun-26

31-Mar-26

30-Jun-25

Δ vs 31-Mar-26

Δ vs 30-Jun-25

30-Jun-26

30-Jun-25

Δ vs 30-Jun-25

Mortgage servicing fees, net of fair value adjustments:

Mortgage servicing fees

6,416

6,483

6,912

(67

)

(496

)

12,899

14,080

(1,181

)

Mortgage servicing rights fair value adjustments

(232

)

(2,639

)

(1,954

)

2,407

1,722

(2,871

)

(5,524

)

2,653

Total mortgage servicing fees, net of fair value adjustments

6,184

3,844

4,958

2,340

1,226

10,028

8,556

1,472

Net (loss) gain on sale of loans, including valuation on loans held-for-sale

159

317

(37

)

(158

)

196

477

156

321

Trading account (loss) profit:

Unrealized (losses) gains on outstanding derivative positions

(52

)

(127

)

(44

)

(95

)

118

Realized (losses) gains on closed derivative positions

(18

)

(10

)

Total trading account (loss) profit

(39

)

(18

)

(96

)

(21

)

(104

)

121

Losses on repurchased loans, including interest advances

(37

)

(31

)

(33

)

(42

)

(47

)

Total mortgage banking activities

6,267

4,214

4,872

2,053

1,395

10,480

8,561

1,919

Other Service Fees

Quarters ended

Variance

Six month ended

(In thousands)

30-Jun-26

31-Mar-26

30-Jun-25

Δ vs 31-Mar-26

Δ vs 30-Jun-25

30-Jun-26

30-Jun-25

Δ vs 30-Jun-25

Other service fees:

Debit card fees

31,538

30,009

27,918

1,529

3,620

61,546

54,350

7,196

Insurance fees

12,586

12,525

12,695

(109

)

25,111

24,004

1,107

Credit card fees

34,783

32,000

32,502

2,783

2,281

66,784

62,632

4,152

Sale and administration of investment products

9,998

10,187

9,058

(189

)

940

20,185

18,031

2,154

Trust fees

7,751

7,339

6,626

412

1,125

15,090

12,926

2,164

Other fees

12,136

10,861

11,723

1,275

413

22,997

23,087

(90

)

Total other service fees

108,792

102,921

100,522

5,871

8,270

211,713

195,030

16,683

Popular, Inc.

Financial Supplement to Second Quarter 2026 Earnings Release

Table H - Consolidated Loans and Deposits

(Unaudited)

Loans - Ending Balances

Quarters ended

Variance

(Dollars in thousands)

30-Jun-26

31-Mar-26

30-Jun-25

Δ vs 31-Mar-26

% of Change

Δ vs 30-Jun-25

% of Change

Loans held-in-portfolio:

Commercial

Commercial multi-family

2,399,424

2,427,295

2,520,789

(27,871

)

(1.15

(121,365

)

(4.81

Commercial real estate non-owner occupied

5,620,875

5,543,451

5,521,374

77,424

1.40

99,501

1.80

Commercial real estate owner occupied

3,256,702

3,212,356

3,003,855

44,346

1.38

252,847

8.42

Commercial and industrial

8,774,084

8,565,559

8,043,752

208,525

2.43

730,332

9.08

Total Commercial

20,051,085

19,748,661

19,089,770

302,424

1.53

961,315

5.04

Construction

1,732,075

1,674,193

1,468,201

57,882

3.46

263,874

17.97

Mortgage

8,780,334

8,712,361

8,444,427

67,973

0.78

335,907

3.98

Leasing

1,968,035

1,986,165

1,983,068

(18,130

)

(0.91

(15,033

)

(0.76

Consumer

Credit cards

1,237,997

1,214,199

1,215,293

23,798

1.96

22,704

1.87

Home equity lines of credit

85,357

79,764

77,479

5,593

7.01

7,878

10.17

Personal

1,952,725

1,913,281

1,876,463

39,444

2.06

76,262

4.06

Auto

3,766,648

3,783,904

3,861,702

(17,256

)

(0.46

(95,054

)

(2.46

Other

175,606

177,174

168,775

(1,568

)

(0.89

6,831

4.05

Total Consumer

7,218,333

7,168,322

7,199,712

50,011

0.70

18,621

0.26

Total loans held-in-portfolio

39,749,862

39,289,702

38,185,178

460,160

1.17

1,564,684

4.10

Loans held-for-sale:

Commercial

83,700

—

83,700

—

83,700

—

Mortgage

4,879

5,603

2,898

(724

)

(12.92

1,981

68.36

Total loans held-for-sale

88,579

5,603

2,898

82,976

1480.92

85,681

2956.56

Total loans

39,838,441

39,295,305

38,188,076

543,136

1.38

1,650,365

4.32

Deposits - Ending Balances

Quarters ended

Variance

(In thousands)

30-Jun-26

31-Mar-26

30-Jun-25 [2]

Δ vs 31-Mar-26

% of Change

Δ vs 30-Jun-25

% of Change

Deposits excluding P.R. public deposits:

Demand deposits

15,085,454

15,778,435

15,114,614

(692,981

)

(4.39

(29,160

)

(0.19

Savings, NOW and money market deposits (non-brokered)

23,376,410

23,208,340

22,292,892

168,070

0.72

1,083,518

4.86

Savings, NOW and money market deposits (brokered)

79,505

82,417

91,220

(2,912

)

(3.53

(11,715

)

(12.84

Time deposits (non-brokered)

8,113,712

7,958,260

8,071,836

155,452

1.95

41,876

0.52

Time deposits (brokered CDs)

873,116

914,526

728,969

(41,410

)

(4.53

144,147

19.77

Sub-total deposits excluding P.R. public deposits

47,528,197

47,941,978

46,299,531

(413,781

)

(0.86

1,228,666

2.65

P.R. public deposits:

Demand deposits [1]

11,438,732

11,967,888

12,376,316

(529,156

)

(4.42

(937,584

)

(7.58

Savings, NOW and money market deposits (non-brokered)

10,347,936

6,828,306

7,743,663

3,519,630

51.54

2,604,273

33.63

Time deposits (non-brokered)

918,250

873,144

797,981

45,106

5.17

120,269

15.07

Sub-total P.R. public deposits

22,704,918

19,669,338

20,917,960

3,035,580

15.43

1,786,958

8.54

Total deposits

70,233,115

67,611,316

67,217,491

2,621,799

3.88

3,015,624

4.49

[1] Includes interest bearing demand deposits.

[2] Savings, NOW and money market deposits include reciprocal deposits of $841 million as of June 30, 2026 (March 31, 2026 - $821 million; June 30, 2025 - $738 million) that were categorized as brokered deposits during 2025 and re-characterized as non-brokered in 2026. Similarly, Time deposits include reciprocal deposits of $75 million as of June 30, 2026 (March 31, 2026 - $87 million; June 30, 2025 - $133 million) that were categorized as brokered deposits during 2025 and re-characterized as non-brokered in 2026. The presentation for June 30, 2025 has been adjusted to conform to the presentation for June 30, 2026.

Popular, Inc.

Financial Supplement to Second Quarter 2026 Earnings Release

Table I - Loan Delinquency - BPPR Operations

(Unaudited)

30-Jun-26

BPPR

Past due

Past due 90 days or more

(In thousands)

30-59

days

60-89

days

90 days

or more

Total

past due

Current

Loans HIP

Non-accrual

loans

Accruing

loans

Commercial multi-family

10,723

—

10,723

335,236

345,959

—

Commercial real estate:

Non-owner occupied

2,750

160

26,016

28,926

3,292,169

3,321,095

26,016

—

Owner occupied

2,053

—

15,374

17,427

1,139,254

1,156,681

15,374

—

Commercial and industrial

5,063

2,084

142,947

150,094

6,012,974

6,163,068

138,389

4,558

Construction

—

425,850

—

Mortgage

228,082

108,220

320,739

657,041

6,872,509

7,529,550

129,240

191,499

Leasing

22,358

5,549

7,182

35,089

1,932,946

1,968,035

7,182

—

Consumer:

Credit cards

12,058

8,488

23,367

43,913

1,194,097

1,238,010

—

23,367

Home equity lines of credit

—

1,852

—

Personal

17,784

10,789

16,605

45,178

1,850,841

1,896,019

16,605

—

Auto

99,765

19,552

31,474

150,791

3,615,857

3,766,648

31,474

—

Other

327

796

3,869

4,992

159,077

164,069

3,544

325

Total

400,963

155,638

587,573

1,144,174

26,832,662

27,976,836

367,824

219,749

31-Mar-26

BPPR

Past due

Past due 90 days or more

(In thousands)

30-59

days

60-89

days

90 days

or more

Total

past due

Current

Loans HIP

Non-accrual

loans

Accruing

loans

Commercial multi-family

2,717

7,927

—

10,644

332,447

343,091

—

Commercial real estate:

Non-owner occupied

3,123

—

26,457

29,580

3,362,611

3,392,191

26,457

—

Owner occupied

2,114

664

14,192

16,970

1,131,241

1,148,211

14,192

—

Commercial and industrial

5,792

2,240

190,205

198,237

5,742,028

5,940,265

185,993

4,212

Construction

13,635

—

13,635

399,144

412,779

—

Mortgage

218,044

102,818

325,321

646,183

6,789,562

7,435,745

129,367

195,954

Leasing

21,261

3,938

8,892

34,091

1,952,074

1,986,165

8,892

—

Consumer:

Credit cards

12,351

8,721

25,395

46,467

1,167,725

1,214,192

—

25,395

Home equity lines of credit

—

120

—

120

1,778

1,898

—

Personal

18,601

11,212

15,976

45,789

1,805,275

1,851,064

15,755

221

Auto

81,112

13,038

35,390

129,540

3,654,364

3,783,904

35,390

—

Other

574

135

4,663

5,372

162,036

167,408

4,227

436

Total

379,324

150,813

646,491

1,176,628

26,500,285

27,676,913

420,273

226,218

Variance

Past due

Past due 90 days or more

(In thousands)

30-59

days

60-89

days

90 days

or more

Total

past due

Current

Loans HIP

Non-accrual

loans

Accruing

loans

Commercial multi-family

8,006

(7,927

)

—

2,789

2,868

—

Commercial real estate:

Non-owner occupied

(373

)

160

(441

)

(654

)

(70,442

)

(71,096

)

(441

)

—

Owner occupied

(61

)

(664

)

1,182

457

8,013

8,470

1,182

—

Commercial and industrial

(729

)

(156

)

(47,258

)

(48,143

)

270,946

222,803

(47,604

)

346

Construction

(13,635

)

—

(13,635

)

26,706

13,071

—

Mortgage

10,038

5,402

(4,582

)

10,858

82,947

93,805

(127

)

(4,455

)

Leasing

1,097

1,611

(1,710

)

998

(19,128

)

(18,130

)

(1,710

)

—

Consumer:

Credit cards

(293

)

(233

)

(2,028

)

(2,554

)

26,372

23,818

—

(2,028

)

Home equity lines of credit

—

(120

)

—

(120

)

(46

)

—

Personal

(817

)

(423

)

629

(611

)

45,566

44,955

850

(221

)

Auto

18,653

6,514

(3,916

)

21,251

(38,507

)

(17,256

)

(3,916

)

—

Other

(247

)

661

(794

)

(380

)

(2,959

)

(3,339

)

(683

)

(111

)

Total

21,639

4,825

(58,918

)

(32,454

)

332,377

299,923

(52,449

)

(6,469

)

Popular, Inc.

Financial Supplement to Second Quarter 2026 Earnings Release

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

(Unaudited)

30-Jun-26

Popular U.S.

Past due

Past due 90 days or

(In thousands)

30-59

days

60-89

days

90 days

or more

Total

past due

Current

Loans HIP

Non-accrual

loans

Accruing

loans

Commercial multi-family

5,166

—

8,931

14,097

2,039,368

2,053,465

8,931

—

Commercial real estate:

—

Non-owner occupied

1,600

3,391

6,950

11,941

2,287,839

2,299,780

6,950

—

Owner occupied

994

1,438

8,865

11,297

2,088,724

2,100,021

8,865

—

Commercial and industrial

5,672

6,737

12,467

2,598,549

2,611,016

6,563

174

Construction

—

12,491

—

12,491

1,293,734

1,306,225

—

Mortgage

898

2,773

10,233

13,904

1,236,880

1,250,784

10,233

—

Consumer:

—

Credit cards

—

(13

)

(13

)

—

Home equity lines of credit

912

119

3,320

4,351

79,154

83,505

3,320

—

Personal

513

656

751

1,920

54,786

56,706

751

—

Other

441

—

441

11,096

11,537

—

Total

16,196

20,926

45,787

82,909

11,690,117

11,773,026

45,613

174

31-Mar-26

Popular U.S.

Past due

Past due 90 days or

(In thousands)

30-59

days

60-89

days

90 days

or more

Total

past due

Current

Loans HIP

Non-accrual

loans

Accruing

loans

Commercial multi-family

5,733

—

10,962

16,695

2,067,509

2,084,204

10,962

—

Commercial real estate:

—

Non-owner occupied

10,282

1,930

6,987

19,199

2,132,061

2,151,260

6,987

—

Owner occupied

21,202

1,610

—

22,812

2,041,333

2,064,145

—

Commercial and industrial

11,660

4,404

6,693

22,757

2,602,537

2,625,294

6,524

169

Construction

6,903

—

6,903

1,254,511

1,261,414

—

Mortgage

25,877

1,552

9,700

37,129

1,239,487

1,276,616

9,700

—

Consumer:

—

Credit cards

—

Home equity lines of credit

660

252

2,766

3,678

74,188

77,866

2,766

—

Personal

1,062

523

905

2,490

59,727

62,217

905

—

Other

—

9,764

9,766

—

Total

83,381

10,271

38,013

131,665

11,481,124

11,612,789

37,844

169

Variance

Past due

Past due 90 days or

(In thousands)

30-59

days

60-89

days

90 days

or more

Total

past due

Current

Loans HIP

Non-accrual

loans

Accruing

loans

Commercial multi-family

(567

)

—

(2,031

)

(2,598

)

(28,141

)

(30,739

)

(2,031

)

—

Commercial real estate:

Non-owner occupied

(8,682

)

1,461

(37

)

(7,258

)

155,778

148,520

(37

)

—

Owner occupied

(20,208

)

(172

)

8,865

(11,515

)

47,391

35,876

8,865

—

Commercial and industrial

(5,988

)

(4,346

)

(10,290

)

(3,988

)

(14,278

)

Construction

(6,903

)

12,491

—

5,588

39,223

44,811

—

Mortgage

(24,979

)

1,221

533

(23,225

)

(2,607

)

(25,832

)

533

—

Consumer:

—

Credit cards

—

(20

)

(20

)

—

Home equity lines of credit

252

(133

)

554

673

4,966

5,639

554

—

Personal

(549

)

133

(154

)

(570

)

(4,941

)

(5,511

)

(154

)

—

Other

439

—

439

1,332

1,771

—

Total

(67,185

)

10,655

7,774

(48,756

)

208,993

160,237

7,769

Popular, Inc.

Financial Supplement to Second Quarter 2026 Earnings Release

Table K - Loan Delinquency - Consolidated

(Unaudited)

30-Jun-26

Popular, Inc.

Past due

Past due 90 days or more

(In thousands)

30-59 days

60-89 days

90 days or

Total past

due

Current

Loans HIP

Non-accrual

loans

Accruing

loans

Commercial multi-family

15,889

—

8,931

24,820

2,374,604

2,399,424

8,931

—

Commercial real estate:

Non-owner occupied

4,350

3,551

32,966

40,867

5,580,008

5,620,875

32,966

—

Owner occupied

3,047

1,438

24,239

28,724

3,227,978

3,256,702

24,239

—

Commercial and industrial

10,735

2,142

149,684

162,561

8,611,523

8,774,084

144,952

4,732

Construction

—

12,491

—

12,491

1,719,584

1,732,075

—

Mortgage

228,980

110,993

330,972

670,945

8,109,389

8,780,334

139,473

191,499

Leasing

22,358

5,549

7,182

35,089

1,932,946

1,968,035

7,182

—

Consumer:

Credit cards

12,058

8,488

23,367

43,913

1,194,084

1,237,997

—

23,367

Home equity lines of credit

912

119

3,320

4,351

81,006

85,357

3,320

—

Personal

18,297

11,445

17,356

47,098

1,905,627

1,952,725

17,356

—

Auto

99,765

19,552

31,474

150,791

3,615,857

3,766,648

31,474

—

Other

768

796

3,869

5,433

170,173

175,606

3,544

325

Total

417,159

176,564

633,360

1,227,083

38,522,779

39,749,862

413,437

219,923

31-Mar-26

Popular, Inc.

Past due

Past due 90 days or more

(In thousands)

30-59 days

60-89 days

90 days or

Total past

due

Current

Loans HIP

Non-accrual

loans

Accruing

loans

Commercial multi-family

8,450

7,927

10,962

27,339

2,399,956

2,427,295

10,962

—

Commercial real estate:

Non-owner occupied

13,405

1,930

33,444

48,779

5,494,672

5,543,451

33,444

—

Owner occupied

23,316

2,274

14,192

39,782

3,172,574

3,212,356

14,192

—

Commercial and industrial

17,452

6,644

196,898

220,994

8,344,565

8,565,559

192,517

4,381

Construction

20,538

—

20,538

1,653,655

1,674,193

—

Mortgage

243,921

104,370

335,021

683,312

8,029,049

8,712,361

139,067

195,954

Leasing

21,261

3,938

8,892

34,091

1,952,074

1,986,165

8,892

—

Consumer:

Credit cards

12,351

8,721

25,395

46,467

1,167,732

1,214,199

—

25,395

Home equity lines of credit

660

372

2,766

3,798

75,966

79,764

2,766

—

Personal

19,663

11,735

16,881

48,279

1,865,002

1,913,281

16,660

221

Auto

81,112

13,038

35,390

129,540

3,654,364

3,783,904

35,390

—

Other

576

135

4,663

5,374

171,800

177,174

4,227

436

Total

462,705

161,084

684,504

1,308,293

37,981,409

39,289,702

458,117

226,387

Variance

Past due

Past due 90 days or more

(In thousands)

30-59

days

60-89

days

90 days

or more

Total

past due

Current

Loans HIP

Non-accrual

loans

Accruing

loans

Commercial multi-family

7,439

(7,927

)

(2,031

)

(2,519

)

(25,352

)

(27,871

)

(2,031

)

—

Commercial real estate:

Non-owner occupied

(9,055

)

1,621

(478

)

(7,912

)

85,336

77,424

(478

)

—

Owner occupied

(20,269

)

(836

)

10,047

(11,058

)

55,404

44,346

10,047

—

Commercial and industrial

(6,717

)

(4,502

)

(47,214

)

(58,433

)

266,958

208,525

(47,565

)

351

Construction

(20,538

)

12,491

—

(8,047

)

65,929

57,882

—

Mortgage

(14,941

)

6,623

(4,049

)

(12,367

)

80,340

67,973

406

(4,455

)

Leasing

1,097

1,611

(1,710

)

998

(19,128

)

(18,130

)

(1,710

)

—

Consumer:

Credit cards

(293

)

(233

)

(2,028

)

(2,554

)

26,352

23,798

—

(2,028

)

Home equity lines of credit

252

(253

)

554

553

5,040

5,593

554

—

Personal

(1,366

)

(290

)

475

(1,181

)

40,625

39,444

696

(221

)

Auto

18,653

6,514

(3,916

)

21,251

(38,507

)

(17,256

)

(3,916

)

—

Other

192

661

(794

)

(1,627

)

(1,568

)

(683

)

(111

)

Total

(45,546

)

15,480

(51,144

)

(81,210

)

541,370

460,160

(44,680

)

(6,464

)

Popular, Inc.

Financial Supplement to Second Quarter 2026 Earnings Release

Table L - Non-Performing Assets

(Unaudited)

Variance

(Dollars in thousands)

30-Jun-26

As a % of

loans HIP