Popular, Inc. Announces First Quarter 2026 Financial Results

• Net income of $245.7 million in Q1 2026, compared to net income of $233.9 million in Q4 2025.
  • Compared to adjusted net income in Q4 2025 of $224.2 million, which excluded a $9.7 million, net of tax, partial reversal of the FDIC special assessment reserve, net income increased by $21.5 million when compared to Q4 2025.
  • Earnings per share (“EPS”) of $3.78 in Q1 2026 vs. $3.53 in Q4 2025.
• Net interest income of $670.2 million in Q1 2026, an increase of $12.6 million compared to Q4 2025:
  • Net interest margin of 3.66% in Q1 2026, compared to 3.61% in Q4 2025; net interest margin on a taxable equivalent basis of 4.14% in Q1 2026, compared to 4.03% in Q4 2025.
• Non-interest income of $165.6 million in Q1 2026, a decrease of $0.7 million when compared to $166.3 million in Q4 2025.
• Operating expenses of $467.3 million, a decrease of $5.9 million when compared to $473.2 million in Q4 2025.
• Excluding the partial reversal of the FDIC special assessment reserve of $15.3 million in Q4 2025, operating expenses decreased by $21.2 million when compared to Q4 2025.

• Credit quality metrics:
  • Non-performing loans held-in-portfolio (“NPLs”) decreased by $40.2 million from Q4 2025; NPLs to loans ratio decreased to 1.17% from 1.27% in Q4 2025.
  • Net charge-offs (“NCOs”) increased by $10.4 million from Q4 2025 to $60.0 million, mainly due to a single $11.1 million commercial loan charge-off, previously placed in non-accrual in Q3 2025. Annualized NCOs to average loans held-in-portfolio at 0.61% vs. 0.51% in Q4 2025.
  • Allowance for credit losses (“ACL”) to loans held-in-portfolio at 2.10% vs. 2.05% in Q4 2025; and
  • ACL to NPLs at 179.8% vs. 162.2% in Q4 2025.

• Loans held-in-portfolio, excluding loans held-for-sale, amounted to $39.3 billion, a decrease of $37.8 million from Q4 2025; average quarterly loan balances, excluding loans held-for-sale, higher by $434.9 million.
• Money market and investment securities increased by $803.7 million from Q4 2025 to $33.6 billion; average quarterly balances increased by $959.4 million.
• Deposits at $67.6 billion, increasing by $1.4 billion from Q4 2025.
  • This includes an increase of $250.1 million in P.R. public deposits; excluding P.R. public deposits, total deposits increased by $1.2 billion; average quarterly deposits increased by $1.1 billion, including an increase of $711.0 million in P.R. public deposits.
• Common Equity Tier 1 ratio of 15.92%, Common Equity per share of $97.27 and Tangible Book Value per share of $84.98 ($2.33 above Q4 2025).
• Capital actions for the first quarter of 2026 included the repurchase of 1,155,398 shares of common stock for $155.2 million, at an average price of $134.31 per share, and the payment and declaration of a quarterly common stock dividend of $0.75 per share. As of March 31, 2026, a total of $126.0 million remained available for stock repurchases under our currently active authorization.
• Return on average tangible common equity (“ROTCE”) of 15.46% in Q1 2026 vs. 14.39% in Q4 2025.

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $245.7 million for the quarter ended March 31, 2026, compared to net income of $233.9 million for the quarter ended December 31, 2025.

“We delivered a strong start to 2026, with net income of $246 million and earnings per share of $3.78, up 38% and 48%, respectively, year-over-year, reflecting disciplined execution across our businesses and continued momentum throughout the franchise,” said Javier D. Ferrer, President and Chief Executive Officer of Popular, Inc. “Our results quarter-over-quarter were driven by higher net interest income, an expanding net interest margin and, importantly, lower operating expenses. We also returned $204 million to our shareholders through buybacks and dividends.”

“We continue to invest in our businesses and expand our operational capabilities in support of our strategic objectives. We know that when we deliver for our customers, our businesses thrive and our shareholders are rewarded.”

“The Puerto Rico and United States economies remained resilient, with healthy business performance and consumer activity. We remain attentive to the evolving geopolitical and macroeconomic landscape, focused on maintaining our disciplined approach and being a source of strength for those who depend on us.”

“Our diversified business model, combined with robust capital and liquidity levels, positions us well to support our customers and create long-term value for our shareholders.”

“We are pleased to have delivered a ROTCE of 15.5% this quarter, up from 14.4% in the fourth quarter of 2025 and from 11.4% in the same quarter a year ago. This is a meaningful step forward in our journey toward a sustainable, through-the-cycle, 14% objective.”

“I want to express my sincere gratitude to our employees — it is their daily commitment to our customers, our communities, and each other that makes these results possible.”

Earnings Highlights
(Unaudited)	Quarters ended
(Dollars in thousands, except per share information)	31-Mar-26	31-Dec-25	31-Mar-25
Net interest income	$670,180	$657,552	$605,597
Provision for credit losses	75,886	72,016	64,081
Net interest income after provision for credit losses	594,294	585,536	541,516
Other non-interest income	165,626	166,286	152,061
Operating expenses	467,310	473,206	471,012
Income before income tax	292,610	278,616	222,565
Income tax expense	46,936	44,716	45,063
Net income	$245,674	$233,900	$177,502
Net income applicable to common stock	$245,321	$233,547	$177,149
Net income per common share - basic	$3.78	$3.53	$2.56
Net income per common share - diluted	$3.78	$3.53	$2.56

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.

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 and E for the quarter ended March 31, 2026. 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 table presents the reconciliation of the net income to the adjusted net income (non-GAAP) for the quarter ended December 31, 2025. There were no adjustments to net income for the quarter ended March 31, 2026.

Adjusted Net Income for the Quarter Ended December 31, 2025 (Non-GAAP)
(Unaudited)
(In thousands)	Income before income tax		Income tax expense(benefit)	Impact on net Income
U.S. GAAP Net income	$278,616		$44,716	$233,900
Non-GAAP Adjustments:
FDIC Special Assessment [1]	(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 in 2023. Refer to the Operating Expenses section of this press release for additional information.

Net Interest Income and Net Interest Margin

Net interest income (“NII”) for the first quarter of 2026 was $670.2 million, an increase of $12.6 million when compared to the previous quarter. This increase was driven by lower interest expense on deposits by $22.1 million, primarily due to the lower cost of P.R. public deposits by $13.7 million, or 31 basis points, and lower cost of deposits in Popular Bank by $7.4 million, or 18 basis points, due to repricing across most deposit products. Higher income from U.S. Treasury securities by $5.9 million also contributed to higher NII, driven by higher average deposit balances by $1.1 billion during the quarter due to a combination of higher retail, commercial and P.R. public deposits, which supported the re-investment of maturities and purchases of U.S. treasuries. This increase in NII was partially offset by lower income from loans by $7.7 million, primarily attributable to the impact of two fewer days in the period, partially offset by higher average loan balances in the commercial and construction portfolios in both banks and in the mortgage loan portfolio in BPPR, as well as higher loan yields in the auto loan and credit card portfolios. In addition, lower income from money market investments by $4.0 million, or 28 basis points, negatively impacted NII during the quarter, reflecting the full quarter impact of short-term market rate cuts by the Federal Open Market Committee in the fourth quarter of 2025. The overall impact in NII of the two fewer days in the quarter was lower NII by $10.3 million.

Net interest margin (“NIM”) of 3.66% in the first quarter of 2026 increased five basis points, compared to 3.61% in the previous quarter, primarily due to the reduction in costs of P.R. public deposits and high-cost deposits in Popular Bank described above.

Excluding P.R. public deposits, average deposits increased by $383.5 million. Total deposit costs decreased by 12 basis points quarter-over-quarter to 1.56%. Excluding P.R. public deposits, total deposit costs decreased by five basis points to 1.09% compared to the previous quarter.

Net Interest Income and Net Interest Margin Taxable Equivalent (Non-GAAP)

Net interest income on a taxable equivalent basis for the first quarter of 2026 was $757.8 million, an increase of $24.0 million when compared to the previous quarter. Net interest margin on a taxable equivalent basis for the first quarter of 2026 was 4.14%, an increase of 11 basis points, driven by higher average balance and yields of U.S. Treasuries and higher average balance of mortgage and commercial loans during the period. Interest income on a taxable equivalent basis includes interest income on U.S. Treasuries and income from certain loans in BPPR portfolios, which are both tax exempt in Puerto Rico.

Net Interest Income and Net Interest Margin (Banco Popular de Puerto Rico Segment)

For the BPPR segment, net interest income for the first quarter of 2026 was $567.9 million, an increase of $13.4 million over the previous quarter. Net interest margin increased by seven basis points to 3.85%. Total deposit costs decreased by 11 basis points to 1.31%.

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

• lower interest expense on deposits by $14.7 million, or 15 basis points, mainly driven by lower cost of P.R. public deposits (linked to short-term market rates), which decreased by $13.7 million, or 31 basis points, reflecting the full quarter effect of the decline in short-term market rates during the fourth quarter of 2025; and
• higher income from investment securities by $5.9 million, or four basis points, due to higher average balances in U.S. Treasury securities attributable to higher purchase and reinvestment activity in higher yielding U.S. Treasuries driven by higher deposit average balances by $1.3 billion;

partially offset by:

• lower income from money market investments by $3.4 million primarily due to a lower yield by 28 basis points when compared to the fourth quarter to 2025 as a result of the decline in short term market rates; and
• lower interest income from loans by $3.2 million, primarily attributable to the impact of two fewer days in the period, partially offset by average loan balance growth of $369.5 million in the commercial and mortgage loan portfolios.

Net Interest Income and Net Interest Margin (Popular Bank Segment)

Net interest income for the Popular Bank segment in Q1 2026 was $111.7 million, higher by $0.1 million when compared to the previous quarter. Net interest margin increased by four basis points to 3.15%. Total deposit costs decreased by 16 basis points during the quarter to 2.69%.

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

• lower interest expense on interest-bearing deposits by $7.4 million, or 18 basis points, attributable to repricing across most deposit products but mainly from high-cost online savings and time deposits;

partially offset by:

• lower interest income from loans by $4.5 million, or six basis points, driven by fewer days when compared to the previous quarter along with a lower yield in the commercial loan portfolio primarily attributable to a single loan payoff that occurred in Q4 2025 and lower prepayment penalty fees; and
• higher interest expense on short term borrowings by $1.2 million due to higher short-term FHLB advances.

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 $165.6 million for the quarter ended March 31, 2026, a decrease of $0.7 million when compared to $166.3 million for the previous quarter. The main variances in non-interest income include:

• lower other service fees by $3.6 million, mainly driven by lower debit and credit card fees by $1.2 million, lower purchase volume when compared to the seasonal increase in the fourth quarter of 2025, and lower insurance fees by $1.9 million mainly due to contingent insurance commissions, which are typically recognized during the fourth quarter;

partially offset by:

• higher income from equity securities of $2.8 million mainly due to a favorable quarter-over-quarter variance of $3.5 million in the valuation of securities held for deferred benefit plans, which have an offsetting effect in personnel costs, which during Q1 2026 had a $1.2 million positive market adjustment as compared to a decrease of $2.3 million in Q4.

Refer to Table B for further details.

Operating expenses

Operating expenses for the first quarter of 2026 totaled $467.3 million, a decrease of $5.9 million when compared to the fourth quarter of 2025. Excluding the partial reversal of the FDIC special assessment reserve of $15.3 million in Q4 2025, operating expenses decreased by $21.2 million when compared to Q4 2025.

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

• lower personnel costs by $14.1 million, primarily due to a profit-sharing accrual of $12.8 million during the fourth quarter of 2025 and lower salaries from fewer days in the quarter;
• lower business promotion expenses by $7.1 million mainly due to lower customer rewards programs expenses in our credit card business, as well as lower advertising, sponsorship and corporate communication expenses that are seasonally higher in the fourth quarter of the year; and
• lower professional fees by $3.8 million mainly due to fees related to corporate initiatives and IT projects such as the ERP implementation project and lower cost associated with regulatory compliance activities;

partially offset by:

• higher deposit insurance by $15.9 million due to the $15.3 million FDIC special assessment partial reversal recorded in the fourth quarter of 2025; and
• higher technology and software expenses by $3.0 million mainly due to continuing investments in technology and transformation initiatives.

Full-time equivalent employees were 9,191 as of March 31, 2026, compared to 9,238 as of December 31, 2025.

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

Income taxes

For the first quarter of 2026, the Corporation recorded an income tax expense of $46.9 million, compared to an income tax expense of $44.7 million for the previous quarter. The increase in income tax expense of $2.2 million is mainly driven by higher income before tax, partially offset by higher exempt income.

The effective tax rate (“ETR”) of the Corporation is impacted by the composition source of its taxable income and tax credit activities. The ETR for the first quarter of 2026 was 16.0%, in line with the previous quarter.

Credit Quality

During the first quarter of 2026, the Corporation’s credit quality metrics remained stable. The Corporation continues to closely monitor the economic landscape and borrower performance, as macro-economic uncertainty and increased volatility remain key considerations. 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 first quarter of 2026:

Non-Performing Loans and Net Charge Offs

Total NPLs decreased by $40.2 million to $458.1 million compared to the previous quarter. Excluding consumer loans, inflows of NPLs held-in-portfolio decreased by $7.0 million in the first quarter of 2026. The ratio of NPLs to total loans held in the portfolio was 1.17% for the first quarter of 2026, compared to 1.27% for the previous quarter. NPLs variances per reporting segment include:

• In the BPPR segment, NPLs decreased by $38.4 million, primarily driven by reductions in commercial, consumer and mortgage NPLs of $17.6 million, $17.5 million and $3.0 million, respectively. The decrease in commercial NPLs was mainly driven by an $11.1 million charge-off related to a commercial real estate facility classified as NPL in the third quarter of 2025. The improvement in consumer NPLs was primarily due to a $16.8 million reduction in auto NPLs driven by increased payment activity. Excluding consumer loans, inflows to NPLs in the BPPR segment decreased by $2.4 million compared to the previous quarter.
• In the PB segment, NPLs remained stable quarter-over-quarter, decreasing by $1.8 million. Excluding consumer loans, inflows to NPLs decreased by $4.6 million compared to the previous quarter.

Including other real estate owned (“OREO”) assets of $45.7 million, non-performing assets (“NPAs”) for the Corporation amounted to $503.8 million, a decrease of $37.0 million when compared to the previous quarter.

Total NCOs of $60.0 million increased by $10.4 million when compared to the fourth quarter of 2025. NCOs during the fourth quarter included $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 first quarter was 0.61%, compared to 0.51% in the fourth quarter of 2025.

NCOs variances per reporting segment include:

• In the BPPR segment, NCOs increased by $9.8 million, mostly due to the above referenced $11.1 million commercial NCO.
• In the PB segment, NCOs increased by $0.6 million.

Allowance for Credit Losses and Provision for Credit Losses

The ACL as of March 31, 2026 amounted to $823.7 million, an increase of $15.6 million when compared to the fourth quarter of 2025. The increase in the ACL was primarily in the BPPR segment.

• In the BPPR segment, the ACL increased by $14.3 million when compared to the previous quarter, mostly due to a $22.3 million increase in reserves for commercial loans driven by higher specific reserves for a single-borrower exposure in non-accrual and other loan modifications. The ACL for mortgage loans increased by $3.1 million, mostly due to changes in the macroeconomic scenarios. These increases were partially offset by a $12.4 million decrease in the ACL for consumer loans, mainly in the auto portfolio, reflecting improvements in credit quality.
• In the PB segment, the ACL remained stable, increasing by $1.4 million from the previous quarter.

The Corporation’s ratio of the ACL to loans held-in-portfolio was 2.10% in the first quarter of 2026, compared to 2.05% in the previous quarter. The ratio of the ACL to NPLs held-in-portfolio increased to 179.8%, from 162.2% in the previous quarter.

The provision for loan losses for the loan and lease portfolios for the first quarter of 2026 was $75.7 million, an increase of $4.3 million when compared to $71.4 million in the previous quarter. The provision for loan losses for the BPPR segment amounted to $73.3 million, compared to $71.7 million in the previous quarter. This increase was primarily driven by higher provision expenses for commercial loans of $14.5 million, mainly due to specific reserves for two unrelated commercial exposures in BPPR. The provision for mortgage loans increased by $10.6 million; during the previous quarter, changes in credit quality generated a release of $10.2 million in the mortgage loan portfolio. These increases were partially offset by a lower provision for the consumer loan portfolio of $24.2 million, mainly in the auto loan and unsecured loan portfolios, as a result of changes in credit quality and lower reserve build-up requirements due to slower origination activity. The provision for loan losses for the PB segment amounted to $2.4 million, compared to a release of $0.3 million in the prior 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 first quarter was $75.9 million.

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.

Non-Performing Assets
(Unaudited)
(In thousands)	31-Mar-26		31-Dec-25		31-Mar-25
Non-performing loans held-in-portfolio	$458,117		$498,343		$314,069
Other real estate owned	45,680		42,433		52,114
Total non-performing assets	$503,797		$540,776		$366,183
Net charge-offs for the quarter	$60,023		$49,592		$49,103
Ratios:
Loans held-in-portfolio	$39,289,702		$39,327,518		$37,254,032
Non-performing loans held-in-portfolio to loans held-in-portfolio	1.17	%	1.27	%	0.84	%
Allowance for credit losses to loans held-in-portfolio	2.10		2.05		2.05
Allowance for credit losses to non-performing loans, excluding loans held-for-sale	179.81		162.15		242.67
Refer to Table L for additional information.

Provision for Credit Losses (Benefit)- Loan Portfolios
(Unaudited)	Quarters ended
(In thousands)	31-Mar-26	31-Dec-25		31-Mar-25
Provision for credit losses (benefit) - loan portfolios:
BPPR	$73,298	$71,734		$52,690
Popular U.S.	2,391	(308	)	12,528
Total provision for credit losses (benefit) - loan portfolios	$75,689	$71,426		$65,218

Credit Quality by Segment
(Unaudited)
(Dollars in thousands)	Quarters ended
BPPR		31-Mar-26		31-Dec-25		31-Mar-25
Provision for credit losses - loan portfolios		$73,298		$71,734		$52,690
Net charge-offs		58,990		49,171		47,102
Total non-performing loans held-in-portfolio		420,273		458,709		262,006
Annualized net charge-offs to average loans held-in-portfolio		0.85	%	0.72	%	0.72	%
Allowance / loans held-in-portfolio		2.65	%	2.60	%	2.59	%
Allowance / non-performing loans held-in-portfolio		174.23	%	156.51	%	258.11	%
	Quarters ended
Popular U.S.		31-Mar-26		31-Dec-25		31-Mar-25
Provision for credit losses (benefit) - loan portfolios		$2,391		$(308	)	$12,528
Net charge-offs		1,033		421		2,001
Total non-performing loans held-in-portfolio		37,844		39,634		52,063
Annualized net charge-offs to average loans held-in-portfolio		0.04	%	0.01	%	0.07	%
Allowance / loans held-in-portfolio		0.79	%	0.77	%	0.77	%
Allowance / non-performing loans held-in-portfolio		241.77	%	227.42	%	164.96	%

Financial Condition Highlights
(Unaudited)
(In thousands)	31-Mar-26	31-Dec-25	31-Mar-25
Cash and money market investments	$5,040,621	$5,029,261	$6,575,193
Investment securities	28,943,544	28,168,918	27,375,396
Loans	39,289,702	39,327,518	37,254,032
Total assets	76,131,018	75,348,267	74,038,606
Deposits	67,611,316	66,190,093	65,819,255
Borrowings	1,119,557	1,448,578	1,090,417
Total liabilities	69,819,932	69,099,188	68,238,911
Stockholders’ equity	6,311,086	6,249,079	5,799,695

Total assets amounted to $76.1 billion at March 31, 2026, an increase of $782.8 million from the fourth quarter of 2025, driven by:

• an increase in available-for-sale (“AFS”) securities of $1.2 billion, driven by reinvestment in U.S. Treasury securities, partially offset by maturities and principal paydowns, mainly in mortgage-backed securities (“MBS”);

partially offset by:

• a decrease in held-to-maturity (“HTM”) securities of $365.0 million, driven by maturities and principal paydowns, partially offset by the amortization of $46.9 million of the discount related to U.S. Treasury securities previously reclassified from AFS to HTM.

Total liabilities increased by $720.7 million from the fourth quarter of 2025, driven by:

• an increase of $1.4 billion in deposits, primarily driven by an increase at BPPR of $1.2 billion, including higher balances across both retail and commercial accounts, driven by growth in total retail deposit accounts and increased balances from commercial deposits, and an increase in P.R. public deposits of approximately $250.1 million, reflecting an inflow of federal funds and funds from tax collections, partially offset by seasonal disbursements related to tax refunds. At quarter end, P.R. public deposits totaled $19.7 billion;

partially offset by:

• a decrease in other liabilities of $375.9 million, mainly due to lower unsettled U.S. Treasury security purchases by $298.3 million; and
• a decrease in other short-term borrowings of $300.0 million due to lower FHLB advances in PB.

Stockholders' equity increased by $62.0 million when compared to the fourth quarter of 2025 mainly due to the quarter’s net income of $245.7 million and the amortization of unrealized losses from securities previously reclassified to HTM of $37.5 million, net of tax, partially offset by an increase in Treasury Stock of $152.4 million, mainly due to common stock repurchases during the quarter, the common and preferred dividends declared during the quarter of $48.9 million, and an increase in net unrealized losses in the portfolio of AFS securities of $25.3 million.

During the quarter ended March 31, 2026, Popular repurchased 1,155,398 shares of common stock for $155.2 million at an average price of $134.31 per share. As of March 31, 2026, $126.0 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 15.92%, $97.27 and $84.98, respectively, at March 31, 2026, compared to 15.72%, $94.75 and $82.65, respectively, at December 31, 2025.

Refer to Table A for capital ratios.

Cautionary Note Regarding Forward-Looking Statements

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, the occurrence of any cyber-security event, 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, 2025 and our Form 10-Q for the quarters ended March 31, 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 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, Thursday, April 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 First 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 [Left Blank]

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 First Quarter 2026 Earnings Release
Table A - Selected Ratios and Other Information
(Unaudited)
	Quarters ended
	31-Mar-26		31-Dec-25		31-Mar-25
Basic EPS	$3.78		$3.53		$2.56
Diluted EPS	$3.78		$3.53		$2.56
Average common shares outstanding	64,818,440		65,997,636		69,280,137
Average common shares outstanding - assuming dilution	64,877,543		66,030,817		69,307,681
Common shares outstanding at end of period	64,654,788		65,719,385		68,984,148
Market value per common share	$134.17		$124.52		$92.37
Market capitalization - (In millions)	$8,675		$8,183		$6,372
Return on average assets	1.29	%	1.23	%	0.96	%
Return on average common equity	13.76	%	12.81	%	10.07	%
Net interest margin (non-taxable equivalent basis)	3.66	%	3.61	%	3.40	%
Net interest margin (taxable equivalent basis) -non-GAAP	4.14	%	4.03	%	3.73	%
Common equity per share	$97.27		$94.75		$83.75
Tangible common book value per common share (non-GAAP) [1]	$84.98		$82.65		$72.02
Tangible common equity to tangible assets (non-GAAP) [1]	7.29	%	7.29	%	6.78	%
Return on average tangible common equity [1]	15.46	%	14.39	%	11.36	%
Tier 1 capital	15.98	%	15.77	%	16.16	%
Total capital	17.71	%	17.50	%	17.91	%
Tier 1 leverage	8.60	%	8.65	%	8.50	%
Common Equity Tier 1 capital	15.92	%	15.72	%	16.11	%
[1] Refer to Table R for reconciliation to GAAP financial measures.

POPULAR, INC.
Financial Supplement to First Quarter 2026 Earnings Release
Table B - Consolidated Statement of Operations
(Unaudited)
		Quarters ended				Variance		Quarter ended		Variance
						Q1 2026				Q1 2026
(In thousands, except per share information)		31-Mar-26		31-Dec-25		vs. Q4 2025		31-Mar-25		vs. Q1 2025
Interest income:
	Loans	$702,149		$709,819		$(7,670	)	$666,673		$35,476
	Money market investments	44,240		48,221		(3,981	)	70,166		(25,926	)
	Investment securities	200,827		197,450		3,377		180,159		20,668
	Total interest income	947,216		955,490		(8,274	)	916,998		30,218
Interest expense:
	Deposits	259,418		281,543		(22,125	)	297,863		(38,445	)
	Short-term borrowings	5,703		4,476		1,227		1,426		4,277
	Long-term debt	11,915		11,919		(4	)	12,112		(197	)
	Total interest expense	277,036		297,938		(20,902	)	311,401		(34,365	)
Net interest income		670,180		657,552		12,628		605,597		64,583
Provision for credit losses		75,886		72,016		3,870		64,081		11,805
Net interest income after provision for credit losses		594,294		585,536		8,758		541,516		52,778
Service charges on deposit accounts		38,766		38,911		(145	)	39,054		(288	)
Other service fees		102,921		106,505		(3,584	)	94,508		8,413
Mortgage banking activities		4,213		3,624		589		3,689		524
Net gain (loss), including impairment, on equity securities		1,029		(2,049	)	3,078		(414	)	1,443
Net gain on trading account debt securities		261		452		(191	)	520		(259	)
Adjustments to indemnity reserves on loans sold		35		(503	)	538		173		(138	)
Other operating income		18,401		19,346		(945	)	14,531		3,870
	Total non-interest income	165,626		166,286		(660	)	152,061		13,565
Operating expenses:
Personnel costs
	Salaries	134,813		139,665		(4,852	)	130,950		3,863
	Commissions, incentives and other bonuses	34,903		36,394		(1,491	)	37,986		(3,083	)
	Profit sharing	(1,203	)	12,801		(14,004	)	-		(1,203	)
	Pension, postretirement and medical insurance	14,896		17,556		(2,660	)	14,566		330
	Other personnel costs, including payroll taxes	32,660		23,742		8,918		29,211		3,449
	Total personnel costs	216,069		230,158		(14,089	)	212,713		3,356
Net occupancy expenses		27,299		27,772		(473	)	27,218		81
Equipment expenses		5,229		5,706		(477	)	5,302		(73	)
Other taxes		17,677		17,615		62		18,725		(1,048	)
Professional fees		25,553		29,357		(3,804	)	26,825		(1,272	)
Technology and software expenses		89,139		86,124		3,015		83,668		5,471
Processing and transactional services
	Credit and debit cards	14,206		15,470		(1,264	)	12,926		1,280
	Other processing and transactional services	24,881		22,866		2,015		24,855		26
	Total processing and transactional services	39,087		38,336		751		37,781		1,306
Communications		4,509		4,520		(11	)	4,904		(395	)
Business promotion
	Rewards and customer loyalty programs	15,392		17,741		(2,349	)	16,365		(973	)
	Other business promotion	7,468		12,178		(4,710	)	7,310		158
	Total business promotion	22,860		29,919		(7,059	)	23,675		(815	)
Deposit insurance		9,917		(5,946	)	15,863		10,035		(118	)
Other real estate owned (OREO) expense (income)		(4,618	)	(2,531	)	(2,087	)	(3,330	)	(1,288	)
Other operating expenses
	Operational losses	3,975		2,624		1,351		6,138		(2,163	)
	All other	10,230		9,168		1,062		16,761		(6,531	)
	Total other operating expenses	14,205		11,792		2,413		22,899		(8,694	)
Amortization of intangibles		384		384		-		597		(213	)
	Total operating expenses	467,310		473,206		(5,896	)	471,012		(3,702	)
Income before income tax		292,610		278,616		13,994		222,565		70,045
Income tax expense		46,936		44,716		2,220		45,063		1,873
Net income		$245,674		$233,900		$11,774		$177,502		$68,172
Net income applicable to common stock		$245,321		$233,547		$11,774		$177,149		$68,172
Net income per common share - basic		$3.78		$3.53		$0.25		$2.56		$1.22
Net income per common share - diluted		$3.78		$3.53		$0.25		$2.56		$1.22
Dividends Declared per Common Share		$0.75		$0.75		$-		$0.70		$0.05

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table C - Consolidated Statement of Financial Condition
(Unaudited)
									Variance
									Q1 2026 vs.
(In thousands)			31-Mar-26		31-Dec-25		31-Mar-25		Q4 2025
Assets:
Cash and due from banks			$384,922		$402,755		$380,165		$(17,833	)
Money market investments			4,655,699		4,626,506		6,195,028		29,193
Trading account debt securities, at fair value			30,449		36,569		28,477		(6,120	)
Debt securities available-for-sale, at fair value			21,733,269		20,574,972		19,493,180		1,158,297
Debt securities held-to-maturity, at amortized cost			6,962,659		7,327,529		7,648,718		(364,870	)
		Less: Allowance for credit losses	5,900		5,812		5,481		88
		Debt securities held-to-maturity, net	6,956,759		7,321,717		7,643,237		(364,958	)
Equity securities			217,167		229,848		205,021		(12,681	)
Loans held-for-sale, at lower of cost or fair value			5,603		9,998		5,077		(4,395	)
Loans held-in-portfolio			39,703,844		39,749,142		37,675,070		(45,298	)
		Less: Unearned income	414,142		421,624		421,038		(7,482	)
		Allowance for credit losses	823,729		808,056		762,148		15,673
		Total loans held-in-portfolio, net	38,465,973		38,519,462		36,491,884		(53,489	)
Premises and equipment, net			706,233		685,820		625,237		20,413
Other real estate			45,680		42,433		52,114		3,247
Accrued income receivable			308,617		300,824		262,720		7,793
Mortgage servicing rights, at fair value			94,232		96,356		104,743		(2,124	)
Other assets			1,731,769		1,705,977		1,742,540		25,792
Goodwill			789,954		789,954		802,954		-
Other intangible assets			4,692		5,076		6,229		(384	)
Total assets			$76,131,018		$75,348,267		$74,038,606		$782,751
Liabilities and Stockholders’ Equity:
Liabilities:
	Deposits:
		Non-interest bearing	$15,785,788		$15,304,209		$15,160,801		$481,579
		Interest bearing	51,825,528		50,885,884		50,658,454		939,644
		Total deposits	67,611,316		66,190,093		65,819,255		1,421,223
Assets sold under agreements to repurchase			34,576		39,001		57,268		(4,425	)
Other short-term borrowings			350,000		650,000		200,000		(300,000	)
Notes payable			734,981		759,577		833,149		(24,596	)
Other liabilities			1,089,059		1,460,517		1,329,239		(371,458	)
Total liabilities			69,819,932		69,099,188		68,238,911		720,744
Stockholders’ equity:
Preferred stock			22,143		22,143		22,143		-
Common stock			1,049		1,049		1,049		-
Surplus			4,928,636		4,924,296		4,912,886		4,340
Retained earnings			5,403,176		5,206,497		4,699,697		196,679
Treasury stock			(2,875,230	)	(2,722,819	)	(2,346,093	)	(152,411	)
Accumulated other comprehensive loss, net of tax			(1,168,688	)	(1,182,087	)	(1,489,987	)	13,399
		Total stockholders’ equity	6,311,086		6,249,079		5,799,695		62,007
Total liabilities and stockholders’ equity			$76,131,018		$75,348,267		$74,038,606		$782,751

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table D - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP)
For the quarters ended March 31, 2026 and December 31, 2025
(Unaudited)
																							Variance
	Average Volume						Average Yields / Costs								Interest								Attributable to
	31-Mar-26		31-Dec-25	Variance			31-Mar-26		31-Dec-25		Variance					31-Mar-26		31-Dec-25		Variance			Rate			Volume
	(In millions)															(In thousands)
$	4,850	$	4,810	$	40		3.70	%	3.98	%	(0.28	)%	Money market investments		$	44,240	$	48,221	$	(3,981	)	$	(4,385	)	$	404
	29,810		28,892		918		3.52		3.43		0.09		Investment securities [1]			258,897		249,672		9,225			30			9,195
	34		32		2		5.56		5.26		0.30		Trading securities			463		430		33			15			18
													Total money market,
														investment and trading
	34,694		33,734		960		3.54		3.51		0.03			securities		303,600		298,323		5,277			(4,340	)		9,617
													Loans:
	19,723		19,395		328		6.71		6.75		(0.04	)		Commercial		326,387		330,093		(3,706	)		(9,231	)		5,525
	1,697		1,639		58		8.14		8.20		(0.06	)		Construction		34,068		33,871		197			(969	)		1,166
	1,985		1,991		(6	)	7.35		7.27		0.08			Leasing		36,459		36,178		281			391			(110	)
	8,664		8,591		73		6.08		6.02		0.06			Mortgage		131,679		129,278		2,401			1,307			1,094
	3,309		3,294		15		13.86		13.59		0.27			Consumer		113,129		112,828		301			(268	)		569
	3,892		3,933		(41	)	9.33		9.20		0.13			Auto		89,496		91,216		(1,720	)		(778	)		(942	)
	39,270		38,843		427		7.53		7.51		0.02		Total loans			731,218		733,464		(2,246	)		(9,548	)		7,302
$	73,964	$	72,577	$	1,387		5.66	%	5.65	%	0.01	%	Total earning assets		$	1,034,818	$	1,031,787	$	3,031		$	(13,888	)	$	16,919
													Interest bearing deposits:
$	8,554	$	8,354	$	200		1.62	%	1.74	%	(0.12	)%		NOW and money market	$	34,159	$	36,632	$	(2,473	)	$	(3,502	)	$	1,029
	14,633		14,532		101		0.77		0.79		(0.02	)		Savings		27,714		29,095		(1,381	)		(1,177	)		(204	)
	8,714		8,859		(145	)	2.99		3.08		(0.09	)		Time deposits		64,243		68,777		(4,534	)		(3,244	)		(1,290	)
	20,362		19,651		711		2.66		2.97		(0.31	)		P.R. public deposits		133,302		147,039		(13,737	)		(18,689	)		4,952
	52,263		51,396		867		2.01		2.17		(0.16	)	Total interest bearing deposits			259,418		281,543		(22,125	)		(26,612	)		4,487
	15,101		14,874		227									Non-interest bearing demand deposits
	67,364		66,270		1,094		1.56		1.68		(0.12	)	Total deposits			259,418		281,543		(22,125	)		(26,612	)		4,487
	597		425		172		3.88		4.18		(0.30	)	Short-term borrowings			5,703		4,476		1,227			(443	)		1,670
													Other medium and
	772		792		(20	)	6.26		6.04		0.22			long-term debt		11,915		11,919		(4	)		344			(348	)
													Total interest bearing
	53,632		52,613		1,019		2.09		2.24		(0.15	)		liabilities (excluding demand deposits)		277,036		297,938		(20,902	)		(26,711	)		5,809
	5,231		5,090		141								Other sources of funds
$	73,964	$	72,577	$	1,387		1.52	%	1.62	%	(0.10	)%	Total source of funds			277,036		297,938		(20,902	)		(26,711	)		5,809
													Net interest margin/
							4.14	%	4.03	%	0.11	%		income on a taxable equivalent basis (Non-GAAP)		757,782		733,849		23,933		$	12,823		$	11,110
							3.57	%	3.41	%	0.16	%	Net interest spread
													Taxable equivalent adjustment			87,602		76,297		11,305
													Net interest margin/ income
							3.66	%	3.61	%	0.05	%		non-taxable equivalent basis (GAAP)	$	670,180	$	657,552	$	12,628
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 First Quarter 2026 Earnings Release
Table E - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP)
For the quarters ended March 31, 2026 and March 31, 2025
(Unaudited)
																							Variance
	Average Volume						Average Yields / Costs								Interest								Attributable to
	31-Mar-26		31-Mar-25	Variance			31-Mar-26		31-Mar-25		Variance					31-Mar-26		31-Mar-25		Variance			Rate			Volume
	(In millions)															(In thousands)
$	4,850	$	6,379	$	(1,529	)	3.70	%	4.46	%	(0.76	)%	Money market investments		$	44,240	$	70,166	$	(25,926	)	$	(10,784	)	$	(15,142	)
	29,810		28,415		1,395		3.52		3.14		0.38		Investment securities [1]			258,897		220,435		38,462			24,348			14,114
	34		31		3		5.56		5.82		(0.26	)	Trading securities			463		440		23			(20	)		43
													Total money market,
														investment and trading
	34,694		34,825		(131	)	3.54		3.38		0.16			securities		303,600		291,041		12,559			13,544			(985	)
													Loans:
	19,723		18,489		1,234		6.71		6.71		-			Commercial		326,387		305,968		20,419			3			20,416
	1,697		1,309		388		8.14		8.11		0.03			Construction		34,068		26,190		7,878			102			7,776
	1,985		1,930		55		7.35		7.14		0.21			Leasing		36,459		34,444		2,015			1,015			1,000
	8,664		8,168		496		6.08		5.82		0.26			Mortgage		131,679		118,917		12,762			5,360			7,402
	3,309		3,203		106		13.86		14.04		(0.18	)		Consumer		113,129		110,859		2,270			(1,351	)		3,621
	3,892		3,907		(15	)	9.33		9.12		0.21			Auto		89,496		87,850		1,646			1,980			(334	)
	39,270		37,006		2,264		7.53		7.48		0.05		Total loans			731,218		684,228		46,990			7,109			39,881
$	73,964	$	71,831	$	2,133		5.66	%	5.49	%	0.17	%	Total earning assets		$	1,034,818	$	975,269	$	59,549		$	20,653		$	38,896
													Interest bearing deposits:
$	8,554	$	7,983	$	571		1.62	%	1.73	%	(0.11	)%		NOW and money market	$	34,159	$	34,002	$	157		$	(4,227	)	$	4,384
	14,633		14,507		126		0.77		0.87		(0.10	)		Savings		27,714		31,280		(3,566	)		(2,118	)		(1,448	)
	8,714		8,400		314		2.99		3.22		(0.23	)		Time deposits		64,243		66,681		(2,438	)		(4,969	)		2,531
	20,362		20,286		76		2.66		3.32		(0.66	)		P.R. public deposits		133,302		165,900		(32,598	)		(33,046	)		448
	52,263		51,176		1,087		2.01		2.36		(0.35	)	Total interest bearing deposits			259,418		297,863		(38,445	)		(44,360	)		5,915
	15,101		14,682		419									Non-interest bearing demand deposits
	67,364		65,858		1,506		1.56		1.83		(0.27	)	Total deposits			259,418		297,863		(38,445	)		(44,360	)		5,915
	597		121		476		3.88		4.77		(0.89	)	Short-term borrowings			5,703		1,426		4,277			(284	)		4,561
													Other medium and
	772		862		(90	)	6.26		5.66		0.60			long-term debt		11,915		12,112		(197	)		1,223			(1,420	)
													Total interest bearing
	53,632		52,159		1,473		2.09		2.42		(0.33	)	liabilities (excluding demand deposits)			277,036		311,401		(34,365	)		(43,421	)		9,056
	5,231		4,990		241								Other sources of funds
$	73,964	$	71,831	$	2,133		1.52	%	1.76	%	(0.24	)%	Total source of funds			277,036		311,401		(34,365	)		(43,421	)		9,056
													Net interest margin/
							4.14	%	3.73	%	0.41	%		income on a taxable equivalent basis (Non-GAAP)		757,782		663,868		93,914		$	64,074		$	29,840
							3.57	%	3.07	%	0.50	%	Net interest spread
													Taxable equivalent adjustment			87,602		58,271		29,331
													Net interest margin/ income
							3.66	%	3.40	%	0.26	%		non-taxable equivalent basis (GAAP)	$	670,180	$	605,597	$	64,583
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 First Quarter 2026 Earnings Release

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

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table G - Mortgage Banking Activities and Other Service Fees
(Unaudited)
Mortgage Banking Activities
		Quarters ended						Variance
(In thousands)		31-Mar-26		31-Dec-25		31-Mar-25		Q1 2026 vs.Q4 2025
Mortgage servicing fees, net of fair value adjustments:
	Mortgage servicing fees	$6,483		$6,805		$7,168		$(322	)
	Mortgage servicing rights fair value adjustments	(2,639	)	(3,521	)	(3,570	)	882
Total mortgage servicing fees, net of fair value adjustments		3,844		3,284		3,598		560
Net gain (loss) on sale of loans, including valuation on loans held-for-sale		317		505		193		(188	)
Trading account (loss) profit:
	Unrealized (losses) gains on outstanding derivative positions	75		(45	)	(87	)	120
	Realized (losses) gains on closed derivative positions	(18	)	(53	)	1		35
Total trading account (loss) profit		57		(98	)	(86	)	155
Losses on repurchased loans, including interest advances		(4	)	(67	)	(16	)	63
Total mortgage banking activities		$4,214		$3,624		$3,689		$590

Other Service Fees
		Quarters ended			Variance
(In thousands)		31-Mar-26	31-Dec-25	31-Mar-25	Q1 2026 vs.Q4 2025
Other service fees:
	Debit card fees	$30,009	$30,399	$26,432	$(390	)
	Insurance fees	12,525	14,465	11,309	(1,940	)
	Credit card fees	32,000	32,772	30,130	(772	)
	Sale and administration of investment products	10,187	10,203	8,973	(16	)
	Trust fees	7,339	7,276	6,300	63
	Other fees	10,861	11,390	11,364	(529	)
Total other service fees		$102,921	$106,505	$94,508	$(3,584	)

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table H - Consolidated Loans and Deposits
(Unaudited)
Loans - Ending Balances
				Variance
(Dollars in thousands)	31-Mar-26	31-Dec-25	31-Mar-25	Q1 2026 vs.Q4 2025		% of Change		Q1 2026 vs.Q1 2025		% of Change
Loans held-in-portfolio:
Commercial
Commercial multi-family	$2,427,295	$2,455,790	$2,374,915	$(28,495	)	(1.16	%)	$52,380		2.21	%
Commercial real estate non-owner occupied	5,543,451	5,543,284	5,540,603	167		0.00	%	2,848		0.05	%
Commercial real estate owner occupied	3,212,356	3,153,080	2,956,559	59,276		1.88	%	255,797		8.65	%
Commercial and industrial	8,565,559	8,607,412	7,693,523	(41,853	)	(0.49	%)	872,036		11.33	%
Total Commercial	19,748,661	19,759,566	18,565,600	(10,905	)	(0.06	%)	1,183,061		6.37	%
Construction	1,674,193	1,674,899	1,358,979	(706	)	(0.04	%)	315,214		23.19	%
Mortgage	8,712,361	8,649,440	8,273,753	62,921		0.73	%	438,608		5.30	%
Leasing	1,986,165	2,001,365	1,949,705	(15,200	)	(0.76	%)	36,460		1.87	%
Consumer
Credit cards	1,214,199	1,256,717	1,187,777	(42,518	)	(3.38	%)	26,422		2.22	%
Home equity lines of credit	79,764	78,692	77,109	1,072		1.36	%	2,655		3.44	%
Personal	1,913,281	1,906,228	1,850,023	7,053		0.37	%	63,258		3.42	%
Auto	3,783,904	3,819,812	3,820,242	(35,908	)	(0.94	%)	(36,338	)	(0.95	%)
Other	177,174	180,799	170,844	(3,625	)	(2.00	%)	6,330		3.71	%
Total Consumer	7,168,322	7,242,248	7,105,995	(73,926	)	(1.02	%)	62,327		0.88	%
Total loans held-in-portfolio	$39,289,702	$39,327,518	$37,254,032	$(37,816	)	(0.10	%)	$2,035,670		5.46	%
Loans held-for-sale:
Mortgage	$5,603	$9,998	$5,077	$(4,395	)	(43.96	%)	$526		10.36	%
Total loans held-for-sale	$5,603	$9,998	$5,077	$(4,395	)	(43.96	%)	$526		10.36	%
Total loans	$39,295,305	$39,337,516	$37,259,109	$(42,211	)	(0.11	%)	$2,036,196		5.46	%

Deposits - Ending Balances
				Variance
(In thousands)	31-Mar-26	31-Dec-25	31-Mar-25 [2]	Q1 2026 vs. Q4 2025		% of Change		Q1 2026 vs.Q1 2025		% of Change
Deposits excluding P.R. public deposits:
Demand deposits	$15,778,435	$15,298,712	$15,160,801	$479,723		3.14	%	$617,634		4.07	%
Savings, NOW and money market deposits (non-brokered)	23,208,340	22,655,936	22,581,355	552,404		2.44	%	626,985		2.78	%
Savings, NOW and money market deposits (brokered)	82,417	87,566	95,861	(5,149	)	(5.88	%)	(13,444	)	(14.02	%)
Time deposits (non-brokered)	7,958,260	7,861,848	7,689,656	96,412		1.23	%	268,604		3.49	%
Time deposits (brokered CDs)	914,526	866,772	668,922	47,754		5.51	%	245,604		36.72	%
Sub-total deposits excluding P.R. public deposits	47,941,978	46,770,834	46,196,595	1,171,144		2.50	%	1,745,383		3.78	%
P.R. public deposits:
Demand deposits [1]	11,967,888	11,534,301	11,157,254	433,587		3.76	%	810,634		7.27	%
Savings, NOW and money market deposits (non-brokered)	6,828,306	7,134,217	7,655,847	(305,911	)	(4.29	%)	(827,541	)	(10.81	%)
Time deposits (non-brokered)	873,144	750,741	809,559	122,403		16.30	%	63,585		7.85	%
Sub-total P.R. public deposits	19,669,338	19,419,259	19,622,660	250,079		1.29	%	46,678		0.24	%
Total deposits	$67,611,316	$66,190,093	$65,819,255	$1,421,223		2.15	%	$1,792,061		2.72	%
[1] Includes interest bearing demand deposits.
[2] Savings, NOW and money market deposits include reciprocal deposits of $821 million as of March 31, 2026 (December 31, 2025 - $780 million; March 31, 2025 - $726 million) that were categorized as brokered deposits during 2025 and recharacterized as non-brokered on 2026. Similarly, Time deposits include reciprocal deposits of $86.9 million as of March 31, 2026 (December 31, 2025 - $92.6 million; March 31, 2025 - $144 million) that were categorized as brokered deposits during 2025 and recharacterized as non-brokered on 2026. The presentation for March 31, 2025 and December 31, 2025 has been adjusted to conform to the presentation for March 31, 2026.

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table I - Loan Delinquency -BPPR Operations
(Unaudited)
31-Mar-26
BPPR
			Past due																	Past due 90 days or more
		30-59			60-89			90 days			Total									Non-accrual				Accruing
(In thousands)		days			days			or more			past due			Current			Loans HIP			loans			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
31-Dec-25
BPPR
			Past due																	Past due 90 days or more
		30-59			60-89			90 days			Total									Non-accrual				Accruing
(In thousands)		days			days			or more			past due			Current			Loans HIP			loans			loans
Commercial multi-family		$	6,579		$	155		$	112		$	6,846		$	296,502		$	303,348		$	112		$	-
Commercial real estate:
	Non-owner occupied		2,457			299			35,692			38,448			3,356,682			3,395,130			35,692			-
	Owner occupied		2,760			681			24,567			28,008			1,168,585			1,196,593			24,567			-
Commercial and industrial			8,864			3,760			187,222			199,846			5,770,227			5,970,073			183,914			3,308
Construction			17,283			-			-			17,283			340,258			357,541			-			-
Mortgage			261,145			133,124			329,613			723,882			6,624,085			7,347,967			132,373			197,240
Leasing			23,748			4,640			9,179			37,567			1,963,798			2,001,365			9,179			-
Consumer:
	Credit cards		13,700			10,617			27,529			51,846			1,204,885			1,256,731			-			27,529
	Home equity lines of credit		-			-			-			-			1,908			1,908			-			-
	Personal		19,608			11,894			19,082			50,584			1,785,818			1,836,402			18,863			219
	Auto		109,103			25,495			52,200			186,798			3,633,014			3,819,812			52,200			-
	Other		927			2,688			2,285			5,900			165,858			171,758			1,809			476
Total		$	466,174		$	193,353		$	687,481		$	1,347,008		$	26,311,620		$	27,658,628		$	458,709		$	228,772
Variance
			Past due																	Past due 90 days or more
		30-59			60-89			90 days			Total									Non-accrual				Accruing
(In thousands)		days			days			or more			past due			Current			Loans HIP			loans			loans
Commercial multi-family		$	(3,862	)	$	7,772		$	(112	)	$	3,798		$	35,945		$	39,743		$	(112	)	$	-
Commercial real estate:
	Non-owner occupied		666			(299	)		(9,235	)		(8,868	)		5,929			(2,939	)		(9,235	)		-
	Owner occupied		(646	)		(17	)		(10,375	)		(11,038	)		(37,344	)		(48,382	)		(10,375	)		-
Commercial and industrial			(3,072	)		(1,520	)		2,983			(1,609	)		(28,199	)		(29,808	)		2,079			904
Construction			(3,648	)		-			-			(3,648	)		58,886			55,238			-			-
Mortgage			(43,101	)		(30,306	)		(4,292	)		(77,699	)		165,477			87,778			(3,006	)		(1,286	)
Leasing			(2,487	)		(702	)		(287	)		(3,476	)		(11,724	)		(15,200	)		(287	)		-
Consumer:
	Credit cards		(1,349	)		(1,896	)		(2,134	)		(5,379	)		(37,160	)		(42,539	)		-			(2,134	)
	Home equity lines of credit		-			120			-			120			(130	)		(10	)		-			-
	Personal		(1,007	)		(682	)		(3,106	)		(4,795	)		19,457			14,662			(3,108	)		2
	Auto		(27,991	)		(12,457	)		(16,810	)		(57,258	)		21,350			(35,908	)		(16,810	)		-
	Other		(353	)		(2,553	)		2,378			(528	)		(3,822	)		(4,350	)		2,418			(40	)
Total		$	(86,850	)	$	(42,540	)	$	(40,990	)	$	(170,380	)	$	188,665		$	18,285		$	(38,436	)	$	(2,554	)

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table J - Loan Delinquency - Popular U.S. Operations
(Unaudited)
31-Mar-26
Popular U.S.
			Past due													Past due 90 days or more
		30-59		60-89		90 days		Total								Non-accrual			Accruing
(In thousands)		days		days		or more		past due		Current			Loans HIP			loans		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		-		-		-		-		7			7			-		-
	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		2		-		-		2		9,764			9,766			-		-
Total		$	83,381	$	10,271	$	38,013	$	131,665	$	11,481,124		$	11,612,789		$	37,844	$	169
31-Dec-25
Popular U.S.
			Past due													Past due 90 days or more
		30-59		60-89		90 days		Total								Non-accrual			Accruing
(In thousands)		days		days		or more		past due		Current			Loans HIP			loans		loans
Commercial multi-family		$	9,500	$	-	$	8,636	$	18,136	$	2,134,306		$	2,152,442		$	8,636	$	-
Commercial real estate:
	Non-owner occupied		-		1,600		7,020		8,620		2,139,534			2,148,154			7,020		-
	Owner occupied		-		-		-		-		1,956,487			1,956,487			-		-
Commercial and industrial			7,608		928		6,686		15,222		2,622,117			2,637,339			6,498		188
Construction			-		-		-		-		1,317,358			1,317,358			-		-
Mortgage			15,596		6,400		13,422		35,418		1,266,055			1,301,473			13,422		-
Consumer:
	Credit cards		-		-		-		-		(14	)		(14	)		-		-
	Home equity lines of credit		1,282		82		2,796		4,160		72,624			76,784			2,796		-
	Personal		983		832		1,233		3,048		66,778			69,826			1,233		-
	Other		-		-		29		29		9,012			9,041			29		-
Total		$	34,969	$	9,842	$	39,822	$	84,633	$	11,584,257		$	11,668,890		$	39,634	$	188
Variance
			Past due													Past due 90 days or more
		30-59		60-89		90 days		Total								Non-accrual			Accruing
(In thousands)		days		days		or more		past due		Current			Loans HIP			loans		loans
Commercial multi-family		$	(3,767)	$	-	$	2,326	$	(1,441)	$	(66,797)		$	(68,238)		$	2,326	$	-
Commercial real estate:
	Non-owner occupied		10,282		330		(33)		10,579		(7,473)			3,106			(33)		-
	Owner occupied		21,202		1,610		-		22,812		84,846			107,658			-		-
Commercial and industrial			4,052		3,476		7		7,535		(19,580)			(12,045)			26		(19)
Construction			6,903		-		-		6,903		(62,847)			(55,944)			-		-
Mortgage			10,281		(4,848)		(3,722)		1,711		(26,568)			(24,857)			(3,722)		-
Consumer:
	Credit cards		-		-		-		-		21			21			-		-
	Home equity lines of credit		(622)		170		(30)		(482)		1,564			1,082			(30)		-
	Personal		79		(309)		(328)		(558)		(7,051)			(7,609)			(328)		-
	Other		2		-		(29)		(27)		752			725			(29)		-
Total		$	48,412	$	429	$	(1,809)	$	47,032	$	(103,133)		$	(56,101)		$	(1,790)	$	(19)

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table K - Loan Delinquency - Consolidated
(Unaudited)
31-Mar-26
Popular, Inc.
			Past due											Past due 90 days or more
		30-59		60-89		90 days		Total						Non-accrual			Accruing
(In thousands)		days		days		or more		past due		Current		Loans HIP		loans		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
31-Dec-25
Popular, Inc.
			Past due											Past due 90 days or more
		30-59		60-89		90 days		Total						Non-accrual			Accruing
(In thousands)		days		days		or more		past due		Current		Loans HIP		loans		loans
Commercial multi-family		$	16,079	$	155	$	8,748	$	24,982	$	2,430,808	$	2,455,790	$	8,748	$	-
Commercial real estate:
	Non-owner occupied		2,457		1,899		42,712		47,068		5,496,216		5,543,284		42,712		-
	Owner occupied		2,760		681		24,567		28,008		3,125,072		3,153,080		24,567		-
Commercial and industrial			16,472		4,688		193,908		215,068		8,392,344		8,607,412		190,412		3,496
Construction			17,283		-		-		17,283		1,657,616		1,674,899		-		-
Mortgage			276,741		139,524		343,035		759,300		7,890,140		8,649,440		145,795		197,240
Leasing			23,748		4,640		9,179		37,567		1,963,798		2,001,365		9,179		-
Consumer:
	Credit cards		13,700		10,617		27,529		51,846		1,204,871		1,256,717		-		27,529
	Home equity lines of credit		1,282		82		2,796		4,160		74,532		78,692		2,796		-
	Personal		20,591		12,726		20,315		53,632		1,852,596		1,906,228		20,096		219
	Auto		109,103		25,495		52,200		186,798		3,633,014		3,819,812		52,200		-
	Other		927		2,688		2,314		5,929		174,870		180,799		1,838		476
Total		$	501,143	$	203,195	$	727,303	$	1,431,641	$	37,895,877	$	39,327,518	$	498,343	$	228,960
Variance
			Past due											Past due 90 days or more
		30-59		60-89		90 days		Total						Non-accrual			Accruing
(In thousands)		days		days		or more		past due		Current		Loans HIP		loans		loans
Commercial multi-family		$	(7,629)	$	7,772	$	2,214	$	2,357	$	(30,852)	$	(28,495)	$	2,214	$	-
Commercial real estate:
	Non-owner occupied		10,948		31		(9,268)		1,711		(1,544)		167		(9,268)		-
	Owner occupied		20,556		1,593		(10,375)		11,774		47,502		59,276		(10,375)		-
Commercial and industrial			980		1,956		2,990		5,926		(47,779)		(41,853)		2,105		885
Construction			3,255		-		-		3,255		(3,961)		(706)		-		-
Mortgage			(32,820)		(35,154)		(8,014)		(75,988)		138,909		62,921		(6,728)		(1,286)
Leasing			(2,487)		(702)		(287)		(3,476)		(11,724)		(15,200)		(287)		-
Consumer:
	Credit cards		(1,349)		(1,896)		(2,134)		(5,379)		(37,139)		(42,518)		-		(2,134)
	Home equity lines of credit		(622)		290		(30)		(362)		1,434		1,072		(30)		-
	Personal		(928)		(991)		(3,434)		(5,353)		12,406		7,053		(3,436)		2
	Auto		(27,991)		(12,457)		(16,810)		(57,258)		21,350		(35,908)		(16,810)		-
	Other		(351)		(2,553)		2,349		(555)		(3,070)		(3,625)		2,389		(40)
Total		$	(38,438)	$	(42,111)	$	(42,799)	$	(123,348)	$	85,532	$	(37,816)	$	(40,226)	$	(2,573)

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table L - Non-Performing Assets
(Unaudited)
										Variance
(Dollars in thousands)	31-Mar-26	As a % of loans HIP by category		31-Dec-25	As a % of loans HIP by category		31-Mar-25	As a % of loans HIP by category		Q1 2026 vs. Q4 2025		Q1 2026 vs. Q1 2025
Non-accrual loans:
Commercial
Commercial multi-family	$10,962	0.5	%	$8,748	0.4	%	$8,773	0.4	%	$2,214		$2,189
Commercial real estate non-owner occupied	33,444	0.6		42,712	0.8		14,192	0.3		(9,268	)	19,252
Commercial real estate owner occupied	14,192	0.4		24,567	0.8		27,122	0.9		(10,375	)	(12,930	)
Commercial and industrial	192,517	2.2		190,412	2.2		10,017	0.1		2,105		182,500
Total Commercial	251,115	1.3		266,439	1.3		60,104	0.3		(15,324	)	191,011
Mortgage	139,067	1.6		145,795	1.7		177,593	2.1		(6,728	)	(38,526	)
Leasing	8,892	0.4		9,179	0.5		8,895	0.5		(287	)	(3	)
Consumer
Home equity lines of credit	2,766	3.5		2,796	3.6		3,430	4.4		(30	)	(664	)
Personal	16,660	0.9		20,096	1.1		20,285	1.1		(3,436	)	(3,625	)
Auto	35,390	0.9		52,200	1.4		41,784	1.1		(16,810	)	(6,394	)
Other	4,227	2.4		1,838	1.0		1,978	1.2		2,389		2,249
Total Consumer	59,043	0.8		76,930	1.1		67,477	0.9		(17,887	)	(8,434	)
Total non-performing loans held-in-portfolio	458,117	1.2	%	498,343	1.3	%	314,069	0.8	%	(40,226	)	144,048
Other real estate owned (“OREO”)	45,680			42,433			52,114			3,247		(6,434	)
Total non-performing assets [1]	503,797			540,776			366,183			(36,979	)	137,614
Accruing loans past due 90 days or more [2]	$226,387			$228,960			$219,860			$(2,573	)	$6,527
Ratios:
Non-performing assets to total assets	0.66	%		0.72	%		0.49	%
Non-performing loans held-in-portfolio to loans held-in-portfolio	1.17			1.27			0.84
Allowance for credit losses to loans held-in-portfolio	2.10			2.05			2.05
Allowance for credit losses to non-performing loans, excluding loans held-for-sale	179.81			162.15			242.67
[1] There were no non-performing loans held-for-sale as of March 31, 2026, December 31, 2025 and March 31, 2025.
[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 March 31, 2026, related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below (December 31, 2025 - $8 million; March 31, 2025 - $7 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 $43 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of March 31, 2026 (December 31, 2025 - $47 million; March 31, 2025 - $57 million). Furthermore, the Corporation has approximately $26 million reverse mortgage loans which are guaranteed by FHA, as of March 31, 2026. Due to the guaranteed nature of the loans, it is the Corporation's policy to exclude these balances from non-performing assets (December 31, 2025 - $27 million; March 31, 2025 - $30 million).

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table M - Activity in Non-Performing Loans
(Unaudited)
Commercial loans held-in-portfolio:
		Quarter ended						Quarter ended
		31-Mar-26						31-Dec-25
(In thousands)		BPPR		Popular U.S.		Popular, Inc.		BPPR		Popular U.S.		Popular, Inc.
Beginning balance NPLs		$244,285		$22,154		$266,439		$236,081		$16,796		$252,877
Plus:
	New non-performing loans	5,004		3,205		8,209		15,528		6,272		21,800
	Advances on existing non-performing loans	-		170		170		(2,312	)	31		(2,281	)
Less:
	Non-performing loans transferred to OREO	(650	)	-		(650	)	-		-		-
	Non-performing loans charged-off	(11,661	)	(3	)	(11,664	)	(3,027	)	(17	)	(3,044	)
	Loans returned to accrual status / loan collections	(10,336	)	(1,053	)	(11,389	)	(1,985	)	(928	)	(2,913	)
Ending balance NPLs		$226,642		$24,473		$251,115		$244,285		$22,154		$266,439
Mortgage loans held-in-portfolio:
		Quarter ended						Quarter ended
		31-Mar-26						31-Dec-25
(In thousands)		BPPR		Popular U.S.		Popular, Inc.		BPPR		Popular U.S.		Popular, Inc.
Beginning balance NPLs		$132,373		$13,422		$145,795		$139,958		$27,809		$167,767
Plus:
	New non-performing loans	38,457		2,528		40,985		32,689		4,193		36,882
	Advances on existing non-performing loans	-		11		11		-		-		-
Less:
	Non-performing loans transferred to OREO	(2,461	)	-		(2,461	)	(5,794	)	-		(5,794	)
	Non-performing loans charged-off	(540	)	(21	)	(561	)	273		-		273
	Loans returned to accrual status / loan collections	(38,462	)	(6,240	)	(44,702	)	(34,753	)	(18,580	)	(53,333	)
Ending balance NPLs		$129,367		$9,700		$139,067		$132,373		$13,422		$145,795
Total non-performing loans held-in-portfolio (excluding consumer):
		Quarter ended						Quarter ended
		31-Mar-26						31-Dec-25
(In thousands)		BPPR		Popular U.S.		Popular, Inc.		BPPR		Popular U.S.		Popular, Inc.
Beginning balance NPLs		$376,658		$35,576		$412,234		$376,039		$44,605		$420,644
Plus:
	New non-performing loans	43,461		5,733		49,194		48,217		10,465		58,682
	Advances on existing non-performing loans	-		181		181		(2,312	)	31		(2,281	)
Less:
	Non-performing loans transferred to OREO	(3,111	)	-		(3,111	)	(5,794	)	-		(5,794	)
	Non-performing loans charged-off	(12,201	)	(24	)	(12,225	)	(2,754	)	(17	)	(2,771	)
	Loans returned to accrual status / loan collections	(48,798	)	(7,293	)	(56,091	)	(36,738	)	(19,508	)	(56,246	)
Ending balance NPLs		$356,009		$34,173		$390,182		$376,658		$35,576		$412,234

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table N - Allowance for Credit Losses, Net Charge-offs and Related Ratios
(Unaudited)
	Quarters ended
(In thousands)	31-Mar-26		31-Dec-25		31-Mar-25
Balance at beginning of period - loans held-in-portfolio	$808,056		$786,220		$746,024
Provision for credit losses	75,689		71,426		65,218
Initial allowance for credit losses - PCD Loans	7		2		9
	883,752		857,648		811,251
Net loans charge-off (recovered)- BPPR
Commercial:
Commercial multi-family	(2	)	(2	)	(2	)
Commercial real estate non-owner occupied	11,115		5		(595	)
Commercial real estate owner occupied	(355	)	(683	)	(406	)
Commercial and industrial	731		4,893		(1,528	)
Total Commercial	11,489		4,213		(2,531	)
Construction	(11	)	(31	)	-
Mortgage	(2,316	)	(3,000	)	3,272
Leasing	2,569		2,724		(2,497	)
Consumer:
Credit cards	16,053		13,558		16,429
Home equity lines of credit	(91	)	(145	)	(114	)
Personal	17,949		18,279		18,338
Auto	12,826		12,914		13,487
Other Consumer	522		659		718
Total Consumer	47,259		45,265		48,858
Total net charged-off BPPR	$58,990		$49,171		$47,102
Net loans charge-off (recovered) - Popular U.S.
Commercial:
Commercial multi-family	-		(38	)	(1	)
Commercial real estate owner occupied	(115	)	(78	)	(511	)
Commercial and industrial	(15	)	(218	)	925
Total Commercial	(130	)	(334	)	413
Construction	-		(125	)	-
Mortgage	(28	)	(35	)	(185	)
Consumer:
Home equity lines of credit	(234	)	(26	)	(237	)
Personal	1,422		154		1,989
Other Consumer	3		787		21
Total Consumer	1,191		915		1,773
Total net charged-off Popular U.S.	$1,033		$421		$2,001
Total loans net charged-off - Popular, Inc.	$60,023		$49,592		$49,103
Balance at end of period - loans held-in-portfolio	$823,729		$808,056		$762,148
Balance at beginning of period - unfunded commitments	$14,438		$13,823		$15,470
Provision for credit losses (benefit)	109		615		(1,301	)
Balance at end of period - unfunded commitments [1]	$14,547		$14,438		$14,169
POPULAR, INC.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio	0.61	%	0.51	%	0.53	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs	126.10	%	144.03	%	132.82	%
BPPR
Annualized net charge-offs (recoveries) to average loans held-in-portfolio	0.85	%	0.72	%	0.72	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs	124.25	%	145.89	%	111.86	%
Popular U.S.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio	0.04	%	0.01	%	0.07	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs	231.46	%	(73.16	)%	626.09	%
[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 First Quarter 2026 Earnings Release
Table O - Allowance for Credit Losses "ACL"- Loan Portfolios - BPPR Operations
(Unaudited)
31-Mar-26
BPPR
(Dollars in thousands)		Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
	Commercial multi-family	$4,704		$343,091		1.37	%
	Commercial real estate - non-owner occupied	48,881		3,392,191		1.44	%
	Commercial real estate - owner occupied	35,403		1,148,211		3.08	%
	Commercial and industrial	179,980		5,940,265		3.03	%
Total commercial		$268,968		$10,823,758		2.48	%
Construction		5,767		412,779		1.40	%
Mortgage		73,761		7,435,745		0.99	%
Leasing		18,588		1,986,165		0.94	%
Consumer:
	Credit cards	89,376		1,214,192		7.36	%
	Home equity lines of credit	67		1,898		3.53	%
	Personal	97,457		1,851,064		5.26	%
	Auto	170,544		3,783,904		4.51	%
	Other	7,707		167,408		4.60	%
Total consumer		$365,151		$7,018,466		5.20	%
Total		$732,235		$27,676,913		2.65	%
31-Dec-25
BPPR
(Dollars in thousands)		Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
	Commercial multi-family	$3,871		$303,348		1.28	%
	Commercial real estate - non-owner occupied	44,149		3,395,130		1.30	%
	Commercial real estate - owner occupied	34,722		1,196,593		2.90	%
	Commercial and industrial	163,877		5,970,073		2.74	%
Total commercial		$246,619		$10,865,144		2.27	%
Construction		4,488		357,541		1.26	%
Mortgage		70,674		7,347,967		0.96	%
Leasing		18,620		2,001,365		0.93	%
Consumer:
	Credit cards	91,124		1,256,731		7.25	%
	Home equity lines of credit	58		1,908		3.04	%
	Personal	97,804		1,836,402		5.33	%
	Auto	180,364		3,819,812		4.72	%
	Other	8,169		171,758		4.76	%
Total consumer		$377,519		$7,086,611		5.33	%
Total		$717,920		$27,658,628		2.60	%
Variance
(Dollars in thousands)		Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
	Commercial multi-family	$833		$39,743		0.09	%
	Commercial real estate - non-owner occupied	4,732		(2,939	)	0.14	%
	Commercial real estate - owner occupied	681		(48,382	)	0.18	%
	Commercial and industrial	16,103		(29,808	)	0.29	%
Total commercial		$22,349		$(41,386	)	0.21	%
Construction		1,279		55,238		0.14	%
Mortgage		3,087		87,778		0.03	%
Leasing		(32	)	(15,200	)	0.01	%
Consumer:
	Credit cards	(1,748	)	(42,539	)	0.11	%
	Home equity lines of credit	9		(10	)	0.49	%
	Personal	(347	)	14,662		(0.07	)%
	Auto	(9,820	)	(35,908	)	(0.21	)%
	Other	(462	)	(4,350	)	(0.16	)%
Total consumer		$(12,368	)	$(68,145	)	(0.13	)%
Total		$14,315		$18,285		0.05	%

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table P - Allowance for Credit Losses "ACL"- Loan Portfolios - POPULAR U.S. Operations
(Unaudited)
31-Mar-26
Popular U.S.
(Dollars in thousands)		Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
	Commercial multi-family	$15,365		$2,084,204		0.74	%
	Commercial real estate - non-owner occupied	15,265		2,151,260		0.71	%
	Commercial real estate - owner occupied	15,713		2,064,145		0.76	%
	Commercial and industrial	17,496		2,625,294		0.67	%
Total commercial		$63,839		$8,924,903		0.72	%
Construction		9,393		1,261,414		0.74	%
Mortgage		9,863		1,276,616		0.77	%
Consumer:
	Credit cards	-		7		-	%
	Home equity lines of credit	1,111		77,866		1.43	%
	Personal	7,282		62,217		11.70	%
	Other	6		9,766		0.06	%
Total consumer		$8,399		$149,856		5.60	%
Total		$91,494		$11,612,789		0.79	%
31-Dec-25
Popular U.S.
(Dollars in thousands)		Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
	Commercial multi-family	$15,474		$2,152,442		0.72	%
	Commercial real estate - non-owner occupied	14,568		2,148,154		0.68	%
	Commercial real estate - owner occupied	13,729		1,956,487		0.70	%
	Commercial and industrial	17,057		2,637,339		0.65	%
Total commercial		$60,828		$8,894,422		0.68	%
Construction		9,338		1,317,358		0.71	%
Mortgage		9,880		1,301,473		0.76	%
Consumer:
	Credit cards	-		(14	)	-	%
	Home equity lines of credit	1,277		76,784		1.66	%
	Personal	8,808		69,826		12.61	%
	Other	5		9,041		0.06	%
Total consumer		$10,090		$155,637		6.48	%
Total		$90,136		$11,668,890		0.77	%
Variance
(Dollars in thousands)		Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
	Commercial multi-family	$(109	)	$(68,238	)	0.02	%
	Commercial real estate - non-owner occupied	697		3,106		0.03	%
	Commercial real estate - owner occupied	1,984		107,658		0.06	%
	Commercial and industrial	439		(12,045	)	0.02	%
Total commercial		$3,011		$30,481		0.04	%
Construction		55		(55,944	)	0.03	%
Mortgage		(17	)	(24,857	)	0.01	%
Consumer:
	Credit cards	-		21		-	%
	Home equity lines of credit	(166	)	1,082		(0.23	)%
	Personal	(1,526	)	(7,609	)	(0.91	)%
	Other	1		725		-	%
Total consumer		$(1,691	)	$(5,781	)	(0.88	)%
Total		$1,358		$(56,101	)	0.02	%

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table Q - Allowance for Credit Losses "ACL"- Loan Portfolios - Consolidated
(Unaudited)
31-Mar-26
(Dollars in thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$20,069		$2,427,295		0.83	%
Commercial real estate - non-owner occupied	64,146		5,543,451		1.16	%
Commercial real estate - owner occupied	51,116		3,212,356		1.59	%
Commercial and industrial	197,476		8,565,559		2.31	%
Total commercial	$332,807		$19,748,661		1.69	%
Construction	15,160		1,674,193		0.91	%
Mortgage	83,624		8,712,361		0.96	%
Leasing	18,588		1,986,165		0.94	%
Consumer:
Credit cards	89,376		1,214,199		7.36	%
Home equity lines of credit	1,178		79,764		1.48	%
Personal	104,739		1,913,281		5.47	%
Auto	170,544		3,783,904		4.51	%
Other	7,713		177,174		4.35	%
Total consumer	$373,550		$7,168,322		5.21	%
Total	$823,729		$39,289,702		2.10	%
31-Dec-25
(Dollars in thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$19,345		$2,455,790		0.79	%
Commercial real estate - non-owner occupied	58,717		5,543,284		1.06	%
Commercial real estate - owner occupied	48,451		3,153,080		1.54	%
Commercial and industrial	180,934		8,607,412		2.10	%
Total commercial	$307,447		$19,759,566		1.56	%
Construction	13,826		1,674,899		0.83	%
Mortgage	80,554		8,649,440		0.93	%
Leasing	18,620		2,001,365		0.93	%
Consumer:
Credit cards	91,124		1,256,717		7.25	%
Home equity lines of credit	1,335		78,692		1.70	%
Personal	106,612		1,906,228		5.59	%
Auto	180,364		3,819,812		4.72	%
Other	8,174		180,799		4.52	%
Total consumer	$387,609		$7,242,248		5.35	%
Total	$808,056		$39,327,518		2.05	%
Variance
(Dollars in thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$724		$(28,495	)	0.04	%
Commercial real estate - non-owner occupied	5,429		167		0.10	%
Commercial real estate - owner occupied	2,665		59,276		0.05	%
Commercial and industrial	16,542		(41,853	)	0.21	%
Total commercial	$25,360		$(10,905	)	0.13	%
Construction	1,334		(706	)	0.08	%
Mortgage	3,070		62,921		0.03	%
Leasing	(32	)	(15,200	)	0.01	%
Consumer:
Credit cards	(1,748	)	(42,518	)	0.11	%
Home equity lines of credit	(157	)	1,072		(0.22	)%
Personal	(1,873	)	7,053		(0.12	)%
Auto	(9,820	)	(35,908	)	(0.21	)%
Other	(461	)	(3,625	)	(0.17	)%
Total consumer	$(14,059	)	$(73,926	)	(0.14	)%
Total	$15,673		$(37,816	)	0.05	%

Popular, Inc.
Financial Supplement to First Quarter 2026 Earnings Release
Table R - Reconciliation to GAAP Financial Measures
(Unaudited)
(In thousands, except share or per share information)	31-Mar-26		31-Dec-25		31-Mar-25
Total stockholders’ equity	$6,311,086		$6,249,079		$5,799,695
Less: Preferred stock	(22,143	)	(22,143	)	(22,143	)
Less: Goodwill	(789,954	)	(789,954	)	(802,954	)
Less: Other intangibles	(4,692	)	(5,076	)	(6,229	)
Total tangible common equity	$5,494,297		$5,431,906		$4,968,369
Total assets	$76,131,018		$75,348,267		$74,038,606
Less: Goodwill	(789,954	)	(789,954	)	(802,954	)
Less: Other intangibles	(4,692	)	(5,076	)	(6,229	)
Total tangible assets	$75,336,372		$74,553,237		$73,229,423
Tangible common equity to tangible assets	7.29	%	7.29	%	6.78	%
Common shares outstanding at end of period	64,654,788		65,719,385		68,984,148
Tangible book value per common share	$84.98		$82.65		$72.02
	Quarterly average
Total stockholders’ equity	$6,289,337		$6,938,571	[1]	$6,670,706	[1]
Less: Preferred Stock	(22,143	)	(22,143	)	(22,143	)
Less: Goodwill	(789,954	)	(789,954	)	(802,953	)
Less: Other intangibles	(4,944	)	(5,328	)	(6,585	)
Total tangible equity before adjusting for the impact of unrealized losses on AFS securities including those transferred to HTM	$5,472,296		$6,121,146		$5,839,025
Return on average tangible common equity before adjusting for the impact of unrealized losses on AFS securities including those transferred to HTM	18.18	%	15.14	%	12.30	%
Add: Average unrealized losses on AFS securities	743,809		56,761		116,987
Add: Average unrealized losses on AFS securities transferred to HTM	221,114		259,058		370,695
Total tangible equity after add back of impact of unrealized losses on AFS securities, including those transferred to HTM	$6,437,219		$6,436,965		$6,326,707
Return on average tangible common equity after add back of impact of unrealized losses on AFS securities including those transferred to HTM (''ROTCE'')	15.46	%	14.39	%	11.36	%
[1] Average balances exclude certain unrealized gains or losses on debt securities available-for-sale.