Earnings release
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1 Exhibit 99.1 SAN JUAN, Puerto Rico – (BUSINESS WIRE) – Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ: BPOP) Popular, Inc. Announces Third Quarter 2026 Financial Results FINANCIAL HIGHLIGHTS ($ in millions, except per share information) Quarters ended 30-Sep-26 30-Jun-26 Δ vs 30-Jun-26 30-Sep-25 Δ vs 30-Sep-25 EARNINGS Net Income $ 266 $ 278 $ (12) $ 211 $ 55 PER SHARE DATA Basic EPS $ 4.21 $ 4.35 $ (0.14) $ 3.15 $ 1.06 Diluted EPS $ 4.21 $ 4.35 $ (0.14) $ 3.14 $ 1.07 Tangible Book Value / Share (non-GAAP) $ 86.30 $ 87.94 $ (1.64) $ 79.12 $ 7.18 FINANCIAL CONDITION Total Assets $ 77,759 $ 78,972 $ (1,213) $ 75,066 $ 2,693 Loans Held in Portfolio $ 40,043 $ 39,750 $ 293 $ 38,687 $ 1,356 Deposits $ 68,705 $ 70,233 $ (1,528) $ 66,513 $ 2,192 Borrowings $ 1,325 $ 1,463 $ (138) $ 1,247 $ 78 CREDIT QUALITY Non-Performing Loans $ 466 $ 413 $ 53 $ 502 $ (36) NPL Ratio 1.16% 1.04% 12 bps 1.30% -14 bps NCO Ratio 0.73% 1.05% -32 bps 0.60% 13 bps ACL / Total Loans 1.92% 1.97% -5 bps 2.03% -11 bps ACL / NPLs 165% 190% (25)% 157% 8% CAPITAL & LIQUIDITY Common Equity Tier 1 16.06% 16.08% -2 bps 15.79% 27 bps Tier 1 Risk-Based Capital 16.12% 16.13% -1 bps 15.84% 28 bps Total Risk-Based Capital 17.84% 17.85% -1 bps 17.58% 26 bps Tier 1 Leverage 8.52% 8.57% -5 bps 8.48% 4 bps Capital Returned to Shareholders $ 236 $ 174 $ 62 $ 170 $ 66 FINANCIAL RATIOS Net Interest Margin ("NIM") 3.63% 3.66% -3 bps 3.51% 12 bps NIM (FTE) (non-GAAP) 4.16% 4.17% -1 bps 3.90% 26 bps Total Deposit Costs 1.64% 1.57% 7 bps 1.79% -15 bps ROTCE (non-GAAP) 15.80% 17.02% -122 bps 13.06% 274 bps ROA 1.32% 1.41% -9 bps 1.09% 23 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.
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2 CEO COMMENTARY Jorge J. García, President and Chief Executive Officer, said: "We are pleased with our third quarter results. Our financial performance was solid, and we continued to advance our three strategic objectives: being the number one bank for our customers, being simple and efficient, and being a top-performing bank." "We reported earnings per share of $4.21, 3% lower than the second quarter and 34% higher than the third quarter of 2025, and a ROTCE of 15.80%. These results reflected higher net interest income, stable underlying credit trends and continued capital return, partially offset by higher operating expenses and lower non-interest income. During the quarter, we repurchased $179 million of common stock and declared a 20% increase in our quarterly common stock dividend to $0.90 per share." "Business activity in Puerto Rico remains healthy, supported by a strong labor market. Credit metrics continue to be stable while we remain attentive to economic conditions, given the potential impact of prolonged inflation and higher cost of fuel and energy." "It is a privilege to step into this role with a strong capital position, a solid banking franchise, a talented team and meaningful momentum. Our responsibility is to build on those strengths and continue creating long-term value for our customers, shareholders, colleagues, and communities." "I am grateful to our team for their commitment and the results they deliver every day." EARNINGS HIGHLIGHTS Quarters ended (Dollars in thousands) 30-Sep-26 30-Jun-26 Δ vs 30-Jun-26 30-Sep-25 Δ vs 30-Sep-25 Net interest income $ 698,930 $ 693,419 $ 5,511 $ 646,505 $ 52,425 Provision for credit losses 58,593 65,873 (7,280) 75,125 (16,532) Net interest income after provision for credit losses 640,337 627,546 12,791 571,380 68,957 Non-Interest Income 175,658 180,545 (4,887) 171,195 4,463 Operating expenses 505,590 484,130 21,460 495,287 10,303 Income before income tax 310,405 323,961 (13,556) 247,288 63,117 Income tax expense 44,071 45,747 (1,676) 35,971 8,100 Net income $ 266,334 $ 278,214 $ (11,880) $ 211,317 $ 55,017 Net income per common share-basic $ 4.21 $ 4.35 $ (0.14) $ 3.15 $ 1.06 Net income per common share-diluted $ 4.21 $ 4.35 $ (0.14) $ 3.14 $ 1.07
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3 NET INTEREST INCOME (“NII”) AND NET INTEREST MARGIN (“NIM”) (Dollars in thousands) Quarters ended Popular, Inc. 30-Sep-26 30-Jun-26 Δ vs 30-Jun-26 30-Sep-25 Δ vs 30-Sep-25 Net interest income $ 698,930 $ 693,419 $ 5,511 $ 646,505 $ 52,425 Net interest margin 3.63% 3.66% -3 bps 3.51% 12 bps Net interest margin FTE [1] 4.16% 4.17% -1 bps 3.90% 26 bps Total deposit costs 1.64% 1.57% 7 bps 1.79% -15 bps Core deposit costs (ex. P.R. public deposits) 1.13% 1.10% 3 bps 1.17% -4 bps Loan yields FTE [1] 7.56% 7.53% 3 bps 7.49% 7 bps Money market and investment securities yield FTE [1] 3.82% 3.69% 13 bps 3.59% 23 bps Banco Popular de Puerto Rico ("BPPR") Segment Net interest income $ 592,006 $ 589,922 $ 2,084 $ 550,716 $ 41,290 Net interest margin 3.81% 3.85% -4 bps 3.71% 10 bps Total deposit costs 1.41% 1.32% 9 bps 1.53% -12 bps Popular Bank ("PB" or "Popular US") Segment Net interest income $ 116,659 $ 113,076 $ 3,583 $ 105,203 $ 11,456 Net interest margin 3.20% 3.17% 3 bps 2.94% 26 bps Total deposit costs 2.74% 2.73% 1 bps 2.96% -22 bps [1] Refer to non-GAAP measures section in this earnings release. Popular, Inc. – Net interest income ("NII") of $699 million increased $6 million from Q2 2026, driven by higher income from investment securities and commercial loans, as well as the impact of one additional day in the quarter. The increase was partially offset by higher interest expense on deposits, primarily reflecting higher average balances of public deposits and higher rates on such deposits. Average earning assets increased $677 million, primarily attributable to higher U.S. Treasury securities balances due to re-investment of maturities at higher yields, coupled with higher average commercial loans. Total average deposits increased by $502 million, driven by an average increase of $1.1 billion in Puerto Rico public deposits, partially offset by average decreases of $280 million in savings accounts, mainly retail deposits, and $362 million in non- interest-bearing demand deposits. Excluding P.R. public deposits, total average deposits decreased by $619 million. Net interest margin ("NIM") decreased three basis points to 3.63%. Loan yields increased by one basis point to 7.24%. Deposit costs increased by seven basis points to 1.64%. Excluding P.R. public deposits, deposit costs increased three basis points to 1.13%. The additional day in the quarter contributed $6 million to net interest income in Q3 2026. NII fully taxable equivalent ("FTE") and NIM FTE (Non-GAAP) – NII FTE of $802 million increased $13 million from Q2 2026, while NIM FTE decreased 1 basis point to 4.16%. Money market and investment securities yields FTE increased by 13 basis points, mainly driven by purchases and re-investment of maturities into higher yielding U.S. Treasury securities. Loan yields FTE increased by three basis points to 7.56%. Interest income on a taxable equivalent basis is presented to show the effect of tax-exempt interest income from U.S. Treasury securities, certain GNMA securities and certain loans in BPPR's portfolios that are exempt from Puerto Rico income taxes. Refer to tables D, E and F for more details on the components of NII and NIM on a taxable equivalent basis. Banco Popular de Puerto Rico ("BPPR") Segment – NII of $592 million increased $2 million from Q2 2026. The increase was primarily due to an increase in income from money market and investment securities by $14 million or 10 basis points as a result of higher average balances and higher yields of U.S. Treasury securities and higher income from loans by $5 million, driven by higher average balances, mainly in the mortgage and personal loans portfolios and by one additional day in the quarter. Higher interest expense on deposits of $17 million was primarily due to higher average balances on the market-linked P.R. public deposits by $1.1 billion and an 11 basis points increase in the rates of those deposits. NIM declined four basis points during Q3 2026 to 3.81%. Deposit costs increased by nine basis points to 1.41%, including the costs of P.R. public deposits which increased 11 basis points to 2.72% for the period. Excluding P.R. public deposits, deposit costs increased by two basis points. Popular Bank ("PB") Segment – NII of $117 million increased $4 million, or 3%, from Q2 2026. The increase was mainly due to higher income from loans by $6 million, mainly due to commercial loans with higher income by $8 million and higher yields by 11 basis points, driven by new originations carrying higher yields, partially offset by higher interest expense by $1 million attributable to higher average balances on time deposits. NIM expanded three basis points to 3.20%. Deposit costs increased by one basis point to 2.74%.
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4 NON-INTEREST INCOME Quarters ended (Dollars in thousands) 30-Sep-26 30-Jun-26 Δ vs 30-Jun-26 30-Sep-25 Δ vs 30-Sep-25 Service charges on deposits $ 37,106 $ 39,037 $ (1,931) $ 39,077 $ (1,971) Debit card fees 30,841 31,538 (697) 28,084 2,757 Credit card fees 35,270 34,783 487 32,668 2,602 Other fees 12,662 12,136 526 11,172 1,490 Banking fees $ 115,879 $ 117,494 $ (1,615) $ 111,001 $ 4,878 Insurance fees 12,893 12,586 307 12,995 (102) Brokerage and asset management fees 11,007 9,998 1,009 9,459 1,548 Trust fees 7,911 7,751 160 6,998 913 Asset management and insurance fees $ 31,811 $ 30,335 $ 1,476 $ 29,452 $ 2,359 Mortgage banking activities 4,852 6,267 (1,415) 2,771 2,081 Other operating income 23,116 26,449 (3,333) 27,971 (4,855) Non-interest income $ 175,658 $ 180,545 $ (4,887) $ 171,195 $ 4,463 Non-interest income of $176 million decreased $5 million, or 3%, from Q2 2026. Key drivers: Banking fees decreased $2 million to $116 million, mainly due to a decrease in service charges on deposits driven by a new deposit product launched during the month of August, which offers $0 service fees to clients that meet certain criteria. Other operating income decreased $3 million to $23 million, driven by a $3 million unrealized investment gain recognized in Q2, a $2 million impairment charge on certain equity investments, and a $2 million lower favorable valuation adjustment of securities held for deferred benefit plans, which have an offsetting effect in personnel costs. These were partially offset by a $5 million benefit recognized in other income in connection with the refinancing of a commercial loan during the quarter. Refer to Table B for further details. OPERATING EXPENSES Quarters ended (Dollars in thousands) 30-Sep-26 30-Jun-26 Δ vs 30-Jun-26 30-Sep-25 Δ vs 30-Sep-25 Salaries $ 141,357 $ 134,448 $ 6,909 $ 139,350 $ 2,007 Commissions and incentives 42,709 39,911 2,798 35,309 7,400 Profit sharing 15,097 10,000 5,097 13,000 2,097 Pension, postretirement and other 45,907 44,672 1,235 45,329 578 Total personnel costs $ 245,070 $ 229,031 $ 16,039 $ 232,988 $ 12,082 Technology and software 90,068 90,971 (903) 87,117 2,951 Professional fees 25,587 24,484 1,103 25,808 (221) Business promotion 28,428 27,900 528 27,304 1,124 Transactional services 39,670 37,266 2,404 38,408 1,262 Net occupancy 29,157 27,764 1,393 26,083 3,074 Other operating expenses 47,610 46,714 896 57,579 (9,969) Operating Expenses $ 505,590 $ 484,130 $ 21,460 $ 495,287 $ 10,303 Total operating expenses of $506 million increased $21 million, or 4%, from Q2 2026. Key drivers: Personnel costs increased by $16 million, or 7%, driven by higher salaries by $7 million due to annual salary and merit increases effective in Q3 combined with one additional day in the quarter and higher incentives by $8 million, including $5 million related to profit-sharing and $3 million related to short-term incentives, both of which are tied to the Corporation's financial performance. Full-time equivalent employees were 9,112 as of September 30, 2026, compared to 9,203 as of June 30, 2026. Transactional services increased $2 million, driven by a retroactive credit of $1.6 million recorded in Q2 and higher card supplies expenses. Net occupancy expenses increased $1 million, primarily due to repair projects across the Corporation. Professional fees increased $1 million, mainly due to costs associated with corporate initiatives. For a breakdown of operating expenses by category in the consolidated statement of operations refer to Table B.
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5 INCOME TAXES For the third quarter of 2026, the Corporation recorded an income tax expense of $44 million, a decrease of $2 million when compared to $46 million in the previous quarter. The effective tax rate ("ETR") of the Corporation is impacted by the composition and source of its taxable income and tax credit activities. The ETR for the third quarter of 2026 was 14.2%, consistent with the previous quarter's ETR of 14.1%, primarily driven by the recognition of tax-exempt income and other tax benefits, such as the purchase of tax credits. CREDIT QUALITY Credit Quality Metrics (Dollars in thousands) Quarters ended Popular, Inc. 30-Sep-26 30-Jun-26 Δ vs 30-Jun-26 30-Sep-25 Δ vs 30-Sep-25 Provision for credit losses - loan portfolios $ 58,788 $ 65,154 $ (6,366) $ 74,517 $ (15,729) Net charge-offs 72,936 104,053 (31,117) 57,788 15,148 ACL - loans held-in-portfolio 770,687 784,832 (14,145) 786,220 (15,533) Annualized net charge-offs to average loans held-in-portfolio 0.73% 1.05% (32) bps 0.60% 13 bps NPL Ratio 1.16% 1.04% 12 bps 1.30% (14) bps Allowance / loans held-in-portfolio 1.92% 1.97% (5) bps 2.03% (11) bps Non-performing assets 510,084 546,694 (36,610) 545,152 (35,068) Non-performing loans held-in-portfolio 465,785 413,437 52,348 502,202 (36,417) Non-performing loans held-for-sale — 83,700 (83,700) — — Other real estate owned ("OREO") 44,299 49,557 (5,258) 42,950 1,349 Allowance / non-performing loans held-in-portfolio 165% 190% (25)% 157% 8% (Dollars in thousands) Quarters ended BPPR 30-Sep-26 30-Jun-26 Δ vs 30-Jun-26 30-Sep-25 Δ vs 30-Sep-25 Provision for credit losses - loan portfolios $ 61,329 $ 61,738 $ (409) $ 72,639 $ (11,310) Net charge-offs 72,077 101,688 (29,611) 56,539 15,538 Total non-performing loans held-in-portfolio 421,954 367,824 54,130 453,369 (31,415) ACL - loans held-in-portfolio 681,542 692,287 (10,745) 695,355 (13,813) Annualized net charge-offs to average loans held-in-portfolio 1.03% 1.46% (43) bps 0.84% 19 bps Allowance / loans held-in-portfolio 2.41% 2.47% (6) bps 2.56% (15) bps Allowance / non-performing loans held-in-portfolio 162% 188% (26)% 153% 9% (Dollars in thousands) Quarters ended Popular U.S. 30-Sep-26 30-Jun-26 Δ vs 30-Jun-26 30-Sep-25 Δ vs 30-Sep-25 Provision for credit losses (benefit) - loan portfolios $ (2,541) $ 3,416 $ (5,957) $ 1,878 $ (4,419) Net charge-offs 859 2,365 (1,506) 1,249 (390) Total non-performing loans held-in-portfolio 43,831 45,613 (1,782) 48,833 (5,002) ACL - loans held-in-portfolio 89,145 92,545 (3,400) 90,865 (1,720) Annualized net charge-offs to average loans held-in-portfolio 0.03% 0.08% (5) bps 0.04% (1) bps Allowance / loans held-in-portfolio 0.76% 0.79% (3) bps 0.79% (3) bps Allowance / non-performing loans held-in-portfolio 203% 203% —% 186% 17% During the third quarter of 2026, the Corporation’s overall credit quality remained stable. Consumer and mortgage portfolio performance remained favorable, with historically low net charge-offs (despite a slight seasonal increase in the auto portfolio), historically low delinquency levels, and net recoveries in the mortgage portfolio. Changes in commercial credit metrics during the quarter were driven by borrower-specific developments; core commercial portfolios continue to show stable credit trends. Non-Performing Loans ("NPLs") and Net Charge Offs ("NCOs") Total NPLs held-in-portfolio increased $52 million to $466 million during Q3 2026. Excluding consumer loans, inflows of NPLs held-in-portfolio decreased $56 million in the third quarter of 2026. The ratio of NPLs to total loans held in the portfolio was 1.16% for the third quarter of 2026, compared to 1.04% for the previous quarter. NPLs held-for-sale decreased $84 million driven by the sale during Q3 of an NPL held-for-sale. NCO Ratio of 0.73% decreased 32 basis points when compared to the previous quarter. Total NCOs decreased by $31 million quarter-over-quarter, reflecting lower commercial charge-offs.
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6 BPPR segment - NPLs held-in-portfolio increased $54 million, primarily driven by a $52 million increase in commercial NPLs. The increase includes the inflow to NPL of a $74 million commercial and industrial ("C&I") loan, partially offset by a $34 million partial charge-off related to a commercial NPL that had entered non-performing status in the prior quarter. These events are considered borrower-specific and are not indicative of broader deterioration in the commercial portfolio. Excluding consumer loans, BPPR segment NPL inflows decreased $45 million compared to the prior quarter. NCOs decreased $30 million, primarily reflecting lower commercial charge-offs by $38 million. This variance resulted from the prior quarter, which included the resolution of a commercial relationship that resulted in a $71 million charge-off, partially offset by the previously mentioned commercial charge-off of $34 million in Q3 2026. NCO Ratio of 1.03% decreased 43 basis points quarter-over-quarter. PB segment - NPLs held-in-portfolio decreased by $2 million, while inflows to NPLs, excluding consumer loans, decreased $11 million compared to the previous quarter. NCO Ratio of 0.03%, decreased five 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 September 30, 2026 amounted to $771 million, a decrease of $14 million when compared to the second quarter of 2026. The decline was driven primarily by improved consumer credit performance, in part offset by higher reserves for specific commercial exposures. BPPR segment - The ACL decreased by $11 million compared to the previous quarter, mostly driven by a $17 million decrease in reserves for consumer loans due to favorable changes in the credit composition of the auto and personal loans portfolios. These decreases were partially offset by higher reserves for commercial loans, mostly associated with C&I NPL inflows during the last two quarters, changes in macroeconomic scenarios and reserve build-up due to loan growth. PB segment - The ACL amounted to $89 million, a decrease of $3 million quarter-over-quarter, reflecting lower reserves for construction loans by $2 million, mostly due to lower loan volumes. Provision for credit losses Provision for loan losses of $59 million for the third quarter of 2026 decreased by $6 million when compared to the prior quarter, primarily driven by lower reserve requirements in the PB segment and favorable changes in the macroeconomic scenarios. Including the provision for unfunded loan commitments and the provision related to the Corporation’s investment portfolio, the provision for credit losses for the third quarter was $59 million. Refer to tables N, O, P and Q for more details on the Allowance for Credit Losses. BALANCE SHEET Quarters ended (In thousands) 30-Sep-26 30-Jun-26 Δ vs 30-Jun-26 30-Sep-25 Δ vs 30-Sep-25 Cash and due from banks $ 373,329 $ 365,013 $ 8,316 $ 377,079 $ (3,750) Money market and investment securities 34,287,567 35,820,187 (1,532,620) 33,126,064 1,161,503 Loans 40,042,656 39,749,862 292,794 38,687,158 1,355,498 Total assets 77,758,872 78,972,300 (1,213,428) 75,065,798 2,693,074 Deposits 68,704,991 70,233,115 (1,528,124) 66,513,404 2,191,587 Borrowings 1,325,246 1,462,831 (137,585) 1,246,807 78,439 Total liabilities 71,520,028 72,539,295 (1,019,267) 68,950,126 2,569,902 Stockholders’ equity 6,238,844 6,433,005 (194,161) 6,115,672 123,172 Total assets - Total assets of $77.8 billion decreased $1.2 billion from the second quarter of 2026, primarily due to a $1.5 billion decrease in money market and investment securities. The decrease resulted mainly from lower reinvestment of maturing U.S. Treasury securities in Q3 to fund scheduled P.R. public deposit outflows towards the end of the quarter. Loans held-in-portfolio increased $293 million, mainly due to an increase of $268 million in the BPPR segment across most portfolios and an increase of $25 million in the PB segment, primarily in commercial loans. Total liabilities - Total liabilities decreased $1.0 billion from the second quarter of 2026, mainly reflecting a $1.5 billion decrease in deposits, including $1.2 billion in P.R. public deposits as a result of operational needs and scheduled payment commitments, coupled with a $188 million decrease in short-term borrowings due to lower FHLB advances at PB. This was partially offset by a $646 million increase in other liabilities, primarily from U.S. Treasury purchases pending to be settled at period end.
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7 Stockholders’ equity - Stockholders' equity decreased $194 million when compared to the second quarter of 2026, mainly driven by $255 million in unrealized losses on debt securities available-for-sale ("AFS"), $179 million of common stock repurchases, and $57 million of common and preferred dividends declared. This was offset by $266 million of net income and $31 million of amortization of unrealized losses on securities previously reclassified to held-to-maturity ("HTM"), net of tax. LOANS AND DEPOSITS BY CATEGORY Quarters ended 30-Sep-26 (Dollars in thousands) BPPR % PB % POPULAR % Loans held-in-portfolio: Commercial multi-family $ 344,761 1%$ 2,052,220 17%$ 2,396,981 6% Commercial real estate non-owner occupied 3,407,255 12% 2,435,485 21% 5,842,740 15% Commercial real estate owner occupied 1,205,279 4% 2,206,921 19% 3,412,200 9% Commercial and industrial 6,090,151 22% 2,618,907 23% 8,709,058 22% Construction 469,687 2% 1,116,186 9% 1,585,873 4% Mortgage 7,645,377 27% 1,214,808 10% 8,860,185 22% Leasing 1,952,125 7% — —% 1,952,125 5% Consumer: Credit cards 1,260,047 4% 6 —% 1,260,053 3% Home equity lines of credit 1,818 —% 86,788 1% 88,606 —% Personal 1,942,250 7% 52,010 —% 1,994,260 5% Auto 3,756,459 13% — —% 3,756,459 9% Other 169,489 1% 14,627 —% 184,116 —% Total loans held-in-portfolio $ 28,244,698 100%$ 11,797,958 100%$ 40,042,656 100% The Corporation maintained a diversified loan portfolio at September 30, 2026, with approximately 71% of loan balances in its main market of Puerto Rico and with 56% of its 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. Quarters ended 30-Sep-26 (Dollars in thousands) BPPR % PB [2] % POPULAR % Non-public deposits: Demand deposits $ 13,681,494 24%$ 1,483,396 12%$ 15,005,068 22% Savings, NOW and money market deposits (non- brokered) 17,038,109 30% 6,194,032 51% 23,037,725 34% Savings, NOW and money market deposits (brokered) 75,278 —% — —% 75,278 —% Time deposits (non-brokered) 4,646,473 8% 3,583,416 30% 8,227,389 12% Time deposits (brokered CDs) — —% 893,371 7% 893,371 1% Total Non-public deposits: 35,441,354 62% 12,154,215 100% 47,238,831 69% P.R public deposits: Demand Deposits [1] 11,033,195 19% — —% 11,033,195 16% Savings, NOW and money market deposits (non-brokered) 9,515,457 17% — —% 9,515,457 14% Time deposits (non-brokered) 917,508 2% — —% 917,508 1% Total P.R. public deposits 21,466,160 38% — —% 21,466,160 31% Total deposits $ 56,907,514 100%$ 12,154,215 100%$ 68,704,991 100% [1] Includes interest bearing demand deposits. [2] PB deposits include intercompany deposits, which are eliminated at the consolidated level. Total deposits were $68.7 billion as of the end of Q3 2026, reflecting a diversified funding base across retail, commercial and public sector. P.R. public deposits stood at $21.5 billion, representing 31% of total deposits. We expect P.R. public deposits to be in the range of $20-22 billion for the rest of the year.
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8 CAPITAL POSITION Quarters ended (In thousands) 30-Sep-26 30-Jun-26 Δ vs 30-Jun-26 30-Sep-25 Δ vs 30-Sep-25 Capital Position Common equity per share $ 98.94 $ 100.38 $ (1.44) $ 91.00 $ 7.94 Tangible common book value per common share (non-GAAP) [1] $ 86.30 $ 87.94 $ (1.64) $ 79.12 $ 7.18 Tangible common book value to tangible assets (non-GAAP) [1] 7.05% 7.18% -13 bps 7.13% -8 bps Return on average tangible common equity before adjusting for the impact of unrealized (gains) losses on AFS securities including those transferred to HTM (non-GAAP) [1] 18.76% 20.12% -136 bps 13.83% 493 bps ROTCE (non-GAAP) [1] 15.80% 17.02% -122 bps 13.06% 274 bps Regulatory Capital Common Equity Tier 1 capital 16.06% 16.08% -2 bps 15.79% 27 bps Tier 1 capital 16.12% 16.13% -1 bps 15.84% 28 bps Total capital 17.84% 17.85% -1 bps 17.58% 26 bps Tier 1 leverage 8.52% 8.57% -5 bps 8.48% 4 bps [1] Refer to Table R for the reconciliation to most comparable GAAP measures. The Corporation's Common Equity Tier 1 capital ratio was 16.06% at September 30, 2026, decreasing by two basis points when compared to Q2 2026, primarily driven by common stock repurchases, dividends, and change in risk weighted assets, partially offset by net income. Tangible common book value per common share decreased to $86.30, driven by higher unrealized losses on investment securities AFS, common stock repurchases and dividends, partially offset by net income for Q3. Common equity per share decreased to $98.94. 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 nine months ended September 30, 2026, Popular repurchased 1,060,241 shares of common stock for $179 million at an average price of $168.40 per share and 3,049,008 shares of common stock for $459 million at an average price of $150.55 per share, respectively. Common stock repurchases and dividends on preferred and common stock combined represented capital returned to shareholders of $236 million during the quarter and $614 million for the nine months ended September 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"), decreased to 15.80% in Q3 2026, down from 17.02% in Q2 2026. The Corporation has established a ROTCE annual target of 14% to 17%. 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 Original FY 2026 Guidance Updated Guidance Commentary Net Interest Income 5%-7% increase for the year ~8.5% increase for the year Unchanged Non-Interest Income $160 million-$165 million per quarter ~ $170 million in Q4 Upper end of our Q2 guidance NCOs 55 bps-70 bps annualized 80 bps-90 bps annualized Due to YTD charge-offs and NPL inflows in the commercial portfolio Operating Expenses 3% increase for the year 2% increase for the year Guidance includes max profit sharing contribution Effective Tax Rate 15%-17% for the year 14% for the year Lower end of our Q2 guidance Loan Growth 3%-4% increase for the year 2% increase for the year Driven by a decline in auto and lease financing activity
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9 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. Below are the non-GAAP measures used in this earnings release: • NII, NIM and loan yields on an FTE basis – Management believes that this presentation provides meaningful information since it facilitates the comparison of revenues, margin and yields arising from taxable and tax-exempt sources. NII FTE, NIM FTE and loan yields FTE are presented, together with their different components, as applicable, in Tables D and E for the quarter ended September 30, 2026 and F for the year to date ended September 30, 2026. • Tangible common equity – 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. Return on average tangible common equity is also a measure commonly used by banks and analysts to measure the return on that tangible common equity. We present return on average tangible common equity with and without the impact of unrealized (gains) losses on AFS securities including those transferred to HTM in the denominator because 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. Unless otherwise indicated, references to “ROTCE” in this press release means return on average tangible common equity as adjusted to add back unrealized (gains) losses on AFS securities, including those transferred to HTM. 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 – Management believes that the “Adjusted net income” provides meaningful information about the underlying performance of the Corporation’s ongoing operations. There were no adjustments to net income for the quarter ended September 30, 2026 or June 30, 2026. 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, 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.
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10 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, our Form 10-Q for the quarter ended June 30, 2026 and our Form 10-Q for the quarter ended September 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 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, October 22, 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.
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11 Popular, Inc. Financial Supplement to Third 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
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12 POPULAR, INC. Financial Supplement to Third Quarter 2026 Earnings Release Table A - Selected Ratios and Other Information(Unaudited) Quarters ended Nine months ended 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-25 Basic EPS $ 4.21 $ 4.35 $ 3.15 $ 12.34 $ 8.78 Diluted EPS $ 4.21 $ 4.35 $ 3.14 $ 12.34 $ 8.78 Average common shares outstanding 63,109,582 63,880,929 67,058,260 63,930,220 68,121,447 Average common shares outstanding - assuming dilution 63,137,983 63,915,634 67,095,421 63,958,522 68,143,888 Common shares outstanding at end of period 62,834,136 63,866,681 66,959,866 62,834,136 66,959,866 Market value per common share $ 155.45 $ 164.18 $ 129.10 $ 155.45 $ 129.10 Market capitalization - (In millions) $ 9,768 $ 10,486 $ 8,645 $ 9,768 $ 8,645 Return on average assets 1.32% 1.41% 1.09% 1.34% 1.06% Return on average common equity 14.12% 15.18% 11.60% 14.36% 11.15% Net interest margin (non-taxable equivalent basis) 3.63% 3.66% 3.51% 3.65% 3.46% Net interest margin (taxable equivalent basis) - non-GAAP 4.16% 4.17% 3.90% 4.16% 3.83% Common equity per share $ 98.94 $ 100.38 $ 91.00 $ 98.94 $ 91.00 Tangible common book value per common share (non-GAAP) [1] $ 86.30 $ 87.94 $ 79.12 $ 86.30 $ 79.12 Tangible common equity to tangible assets (non-GAAP) [1] 7.05% 7.18% 7.13% 7.05% 7.13% Return on average tangible common equity [1] 15.80% 17.02% 13.06% 16.10% 12.57% Tier 1 capital 16.12% 16.13% 15.84% 16.12% 15.84% Total capital 17.84% 17.85% 17.58% 17.84% 17.58% Tier 1 leverage 8.52% 8.57% 8.48% 8.52% 8.48% Common Equity Tier 1 capital 16.06% 16.08% 15.79% 16.06% 15.79% [1] Refer to Table R for reconciliation to GAAP financial measures.
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13 POPULAR, INC. Financial Supplement to Third Quarter 2026 Earnings Release Table B - Consolidated Statement of Operations (Unaudited) Quarters ended Variance Quarter ended Variance Nine months ended (In thousands, except per share information) 30-Sep-26 30-Jun-26 Δ vs 30-Jun-26 30-Sep-25 Δ vs 30-Sep-25 30-Sep-26 30-Sep-25 Interest income: Loans $ 725,035 $ 714,266 $ 10,769 $ 702,039 $ 22,996 $ 2,141,450 $ 2,053,299 Money market investments 45,868 47,021 (1,153) 66,867 (20,999) 137,129 206,565 Investment securities 235,870 220,352 15,518 197,743 38,127 657,049 567,655 Total interest income 1,006,773 981,639 25,134 966,649 40,124 2,935,628 2,827,519 Interest expense: Deposits 289,185 271,254 17,931 303,432 (14,247) 819,857 896,353 Short-term borrowings 6,881 5,172 1,709 4,616 2,265 17,756 11,342 Long-term debt 11,777 11,794 (17) 12,096 (319) 35,486 36,173 Total interest expense 307,843 288,220 19,623 320,144 (12,301) 873,099 943,868 Net interest income 698,930 693,419 5,511 646,505 52,425 2,062,529 1,883,651 Provision for credit losses 58,593 65,873 (7,280) 75,125 (16,532) 200,352 188,147 Net interest income after provision for credit losses 640,337 627,546 12,791 571,380 68,957 1,862,177 1,695,504 Service charges on deposit accounts 37,106 39,037 (1,931) 39,077 (1,971) 114,909 116,957 Other service fees 110,584 108,792 1,792 101,376 9,208 322,297 296,406 Mortgage banking activities 4,852 6,267 (1,415) 2,771 2,081 15,332 11,332 Net loss, including impairment, on debt securities — (595) 595 — — (595) — Net (loss) gain, including impairment, on equity securities (1,746) 2,327 (4,073) 2,197 (3,943) 1,610 3,645 Net (loss) gain on trading account debt securities (792) 214 (1,006) 398 (1,190) (317) 1,456 Adjustments to indemnity reserves on loans sold 158 394 (236) 36 122 587 329 Other operating income 25,496 24,109 1,387 25,340 156 68,006 61,608 Total non-interest income 175,658 180,545 (4,887) 171,195 4,463 521,829 491,733 Operating expenses: Personnel costs Salaries 141,357 134,448 6,909 139,350 2,007 410,618 403,052 Commissions, incentives and other bonuses 42,709 39,911 2,798 35,309 7,400 117,523 113,846 Profit sharing 15,097 10,000 5,097 13,000 2,097 23,894 26,000 Pension, postretirement and medical insurance 18,446 18,773 (327) 18,749 (303) 52,115 51,773 Other personnel costs, including payroll taxes 27,461 25,899 1,562 26,580 881 86,020 80,385 Total personnel costs 245,070 229,031 16,039 232,988 12,082 690,170 675,056 Net occupancy expenses 29,157 27,764 1,393 26,083 3,074 84,220 82,441 Equipment expenses 6,324 5,879 445 5,313 1,011 17,432 16,404 Other taxes 17,665 17,707 (42) 17,967 (302) 53,049 55,324 Professional fees 25,587 24,484 1,103 25,808 (221) 75,624 80,741 Technology and software expenses 90,068 90,971 (903) 87,117 2,951 270,178 255,481 Processing and transactional services Credit and debit cards 15,498 13,236 2,262 14,728 770 42,940 40,698 Other processing and transactional services 24,172 24,030 142 23,680 492 73,083 73,352 Total processing and transactional services 39,670 37,266 2,404 38,408 1,262 116,023 114,050 Communications 4,562 4,261 301 4,836 (274) 13,332 14,750 Business promotion Rewards and customer loyalty programs 19,045 19,600 (555) 17,656 1,389 54,037 52,068 Other business promotion 9,383 8,300 1,083 9,648 (265) 25,151 25,296 Total business promotion 28,428 27,900 528 27,304 1,124 79,188 77,364 Deposit insurance 9,692 9,977 (285) 10,873 (1,181) 29,586 30,315
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14 Other real estate owned (OREO) income (3,733) (3,238) (495) (3,408) (325) (11,589) (10,862) Other operating expenses Operational losses 1,895 3,118 (1,223) 1,634 261 8,988 13,957 All other 10,821 8,626 2,195 6,980 3,841 29,677 39,673 Total other operating expenses 12,716 11,744 972 8,614 4,102 38,665 53,630 Amortization of intangibles 384 384 — 384 — 1,152 1,366 Goodwill impairment — — — 13,000 (13,000) — 13,000 Total operating expenses 505,590 484,130 21,460 495,287 10,303 1,457,030 1,459,060 Income before income tax 310,405 323,961 (13,556) 247,288 63,117 926,976 728,177 Income tax expense 44,071 45,747 (1,676) 35,971 8,100 136,754 128,918 Net income $ 266,334 $ 278,214 $ (11,880) $ 211,317 $ 55,017 $ 790,222 $ 599,259 Net income applicable to common stock $ 265,981 $ 277,861 $ (11,880) $ 210,964 $ 55,017 $ 789,163 $ 598,200 Net income per common share - basic $ 4.21 $ 4.35 $ (0.14) $ 3.15 $ 1.06 $ 12.34 $ 8.78 Net income per common share - diluted $ 4.21 $ 4.35 $ (0.14) $ 3.14 $ 1.07 $ 12.34 $ 8.78 Dividends Declared per Common Share $ 0.90 $ 0.75 $ 0.15 $ 0.75 $ 0.15 $ 2.40 $ 2.15
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15 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table C - Consolidated Statement of Financial Condition (Unaudited) Quarters ended Variance (In thousands) 30-Sep-26 30-Jun-26 30-Sep-25 Δ vs 30-Jun-26 Assets: Cash and due from banks $ 373,329 $ 365,013 $ 377,079 $ 8,316 Money market investments 5,112,689 4,555,489 4,754,391 557,200 Trading account debt securities, at fair value 30,704 31,170 33,122 (466) Debt securities available-for-sale, at fair value 23,427,860 24,792,834 20,686,423 (1,364,974) Debt securities held-to-maturity, at amortized cost 5,489,378 6,204,020 7,433,135 (714,642) Less: Allowance for credit losses 6,057 6,230 5,837 (173) Debt securities held-to-maturity, net 5,483,321 6,197,790 7,427,298 (714,469) Equity securities 226,936 236,674 218,993 (9,738) Loans held-for-sale, at lower of cost or fair value 3,214 88,579 7,783 (85,365) Loans held-in-portfolio 40,441,556 40,156,582 39,111,956 284,974 Less: Unearned income 398,900 406,720 424,798 (7,820) Allowance for credit losses 770,687 784,832 786,220 (14,145) Total loans held-in-portfolio, net 39,271,969 38,965,030 37,900,938 306,939 Premises and equipment, net 746,190 731,945 679,651 14,245 Other real estate 44,299 49,557 42,950 (5,258) Accrued income receivable 319,724 307,251 297,347 12,473 Mortgage servicing rights, at fair value 93,373 94,485 99,523 (1,112) Other assets 1,831,386 1,762,221 1,744,886 69,165 Goodwill 789,954 789,954 789,954 — Other intangible assets 3,924 4,308 5,460 (384) Total assets $ 77,758,872 $ 78,972,300 $ 75,065,798 $ (1,213,428) Liabilities and Stockholders’ Equity: Liabilities: Deposits: Non-interest bearing $ 15,010,570 $ 15,096,293 $ 14,874,026 $ (85,723) Interest bearing 53,694,421 55,136,822 51,639,378 (1,442,401) Total deposits 68,704,991 70,233,115 66,513,404 (1,528,124) Assets sold under agreements to repurchase 152,321 77,521 56,853 74,800 Other short-term borrowings 486,697 675,000 400,000 (188,303) Notes payable 686,228 710,310 789,954 (24,082) Other liabilities 1,489,791 843,349 1,189,915 646,442 Total liabilities 71,520,028 72,539,295 68,950,126 (1,019,267) Stockholders’ equity: Preferred stock 22,143 22,143 22,143 — Common stock 1,050 1,050 1,049 — Surplus 4,940,043 4,937,091 4,920,767 2,952 Retained earnings 5,841,950 5,632,866 5,022,546 209,084 Treasury stock (3,181,178) (3,000,759) (2,574,573) (180,419) Accumulated other comprehensive loss, net of tax (1,385,164) (1,159,386) (1,276,260) (225,778) Total stockholders’ equity 6,238,844 6,433,005 6,115,672 (194,161) Total liabilities and stockholders’ equity $ 77,758,872 $ 78,972,300 $ 75,065,798 $ (1,213,428)
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16 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table D - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP)For the quarters ended September 30, 2026 and June 30, 2026 (Unaudited) Average Volume Average Yields / Costs Interest Variance Attributable to 30-Sep-26 30-Jun-26 Variance 30-Sep-26 30-Jun-26 Variance 30-Sep-26 30-Jun-26 Variance Rate Volume (In millions) (In thousands) $ 4,854 $ 5,095 $ (241) 3.75% 3.70% 0.05% Money market investments $ 45,868 $ 47,021 $(1,153) $ 1,109 $(2,262) 31,761 31,091 670 3.82 3.69 0.13 Investment securities [1] 305,829 286,115 19,714 8,707 11,007 35 32 3 5.43 5.76 (0.33) Trading securities 478 454 24 (22) 46 36,650 36,218 432 3.82 3.69 0.13 Total money market, investment and trading securities 352,175 333,590 18,585 9,794 8,791 Loans: 20,154 19,932 222 6.82 6.73 0.09 Commercial 346,528 334,494 12,034 8,289 3,745 1,680 1,764 (84) 7.80 7.90 (0.10) Construction 33,029 34,729 (1,700) (45) (1,655) 1,949 1,970 (21) 7.41 7.45 (0.04) Leasing 36,113 36,680 (567) (176) (391) 8,809 8,732 77 6.17 6.15 0.02 Mortgage 135,960 134,236 1,724 536 1,188 3,382 3,310 72 13.54 13.74 (0.20) Consumer 115,388 113,356 2,032 (398) 2,430 3,846 3,867 (21) 9.31 9.32 (0.01) Auto 90,287 89,901 386 884 (498) 39,820 39,575 245 7.56 7.53 0.03 Total loans 757,305 743,396 13,909 9,090 4,819 $ 76,470 $ 75,793 $ 677 5.76% 5.70% 0.06% Total earning assets $1,109,480 $1,076,986 $32,494 $18,884 $13,610 Interest bearing deposits: $ 8,790 $ 8,819 $ (29) 1.68% 1.69% (0.01)% NOW and money market $ 37,141 $ 37,237 $ (96) $ 589 $ (685) 14,537 14,817 (280) 0.79 0.78 0.01 Savings 28,909 28,640 269 755 (486) 8,959 8,907 52 3.01 2.95 0.06 Time deposits 67,988 65,411 2,577 2,126 451 22,623 21,502 1,121 2.72 2.61 0.11 P.R. public deposits 155,147 139,966 15,181 7,271 7,910 54,909 54,045 864 2.09 2.01 0.08 Total interest bearing deposits 289,185 271,254 17,931 10,741 7,190 14,906 15,268 (362) Non-interest bearing demand deposits 69,815 69,313 502 1.64 1.57 0.07 Total deposits 289,185 271,254 17,931 10,741 7,190 693 539 154 3.94 3.85 0.09 Short-term borrowings 6,881 5,172 1,709 196 1,513 718 741 (23) 6.51 6.38 0.13 Other medium and long-term debt 11,777 11,794 (17) 358 (375) 56,320 55,325 995 2.17 2.09 0.08 Total interest bearing liabilities (excluding demand deposits) 307,843 288,220 19,623 11,295 8,328 5,244 5,200 44 Other sources of funds $ 76,470 $ 75,793 $ 677 1.60% 1.53% 0.07% Total source of funds $ 307,843 $ 288,220 $19,623 $11,295 $ 8,328 4.16% 4.17% (0.01)% Net interest margin/ income on a taxable equivalent basis (Non-GAAP) $ 801,637 $ 788,766 $12,871 $ 7,589 $ 5,282 3.59% 3.61% (0.02)% Net interest spread Taxable equivalent adjustment 102,707 95,347 7,360 3.63% 3.66% (0.03)% Net interest margin/ income non-taxable equivalent basis (GAAP) $ 698,930 $ 693,419 $ 5,511 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.
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17 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table E - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP)For the quarters ended September 30, 2026 and September 30, 2025 (Unaudited) Average Volume Average Yields / Costs Interest Variance Attributable to 30-Sep-26 30-Sep-25 Variance 30-Sep-26 30-Sep-25 Variance 30-Sep-26 30-Sep-25 Variance Rate Volume (In millions) (In thousands) $ 4,854 $ 5,990 $(1,136) 3.75% 4.43% (0.68)% Money market investments $ 45,868 $ 66,867 $(20,999) $(9,397) $(11,602) 31,761 28,957 2,804 3.82 3.42 0.40 Investment securities [1] 305,829 249,071 56,758 22,570 34,188 35 28 7 5.43 5.43 — Trading securities 478 391 87 — 87 36,650 34,975 1,675 3.82 3.59 0.23 Total money market, investment and trading securities 352,175 316,329 35,846 13,173 22,673 Loans: 20,154 19,229 925 6.82 6.72 0.10 Commercial 346,528 325,869 20,659 4,809 15,850 1,680 1,549 131 7.80 8.24 (0.44) Construction 33,029 32,184 845 (1,793) 2,638 1,949 1,981 (32) 7.41 7.26 0.15 Leasing 36,113 35,957 156 751 (595) 8,809 8,484 325 6.17 5.96 0.21 Mortgage 135,960 126,352 9,608 4,670 4,938 3,382 3,257 125 13.54 13.80 (0.26) Consumer 115,388 113,280 2,108 (1,965) 4,073 3,846 3,945 (99) 9.31 9.15 0.16 Auto 90,287 91,006 (719) 1,581 (2,300) 39,820 38,445 1,375 7.56 7.49 0.07 Total loans 757,305 724,648 32,657 8,053 24,604 $ 76,470 $ 73,420 $ 3,050 5.76% 5.63% 0.13% Total earning assets $1,109,480 $1,040,977 $68,503 $21,226 $47,277 Interest bearing deposits: $ 8,790 $ 8,184 $ 606 1.68% 1.77% (0.09)% NOW and money market $ 37,141 $ 36,421 $ 720 $(2,252) $ 2,972 14,537 14,529 8 0.79 0.81 (0.02) Savings 28,909 29,772 (863) (100) (763) 8,959 8,825 134 3.01 3.16 (0.15) Time deposits 67,988 70,196 (2,208) (2,947) 739 22,623 20,766 1,857 2.72 3.19 (0.47) P.R. public deposits 155,147 167,043 (11,896) (25,359) 13,463 54,909 52,304 2,605 2.09 2.30 (0.21) Total interest bearing deposits 289,185 303,432 (14,247) (30,658) 16,411 14,906 14,846 60 Non-interest bearing demand deposits 69,815 67,150 2,665 1.64 1.79 (0.15) Total deposits 289,185 303,432 (14,247) (30,658) 16,411 693 405 288 3.94 4.52 (0.58) Short-term borrowings 6,881 4,616 2,265 (653) 2,918 718 812 (94) 6.51 5.98 0.53 Other medium and long-term debt 11,777 12,096 (319) 1,194 (1,513) 56,320 53,521 2,799 2.17 2.37 (0.20) Total interest bearing liabilities (excluding demand deposits) 307,843 320,144 (12,301) (30,117) 17,816 5,244 5,053 191 Other sources of funds $ 76,470 $ 73,420 $ 3,050 1.60% 1.73% (0.13)% Total source of funds $ 307,843 $ 320,144 $(12,301) $(30,117) $17,816 4.16% 3.90% 0.26% Net interest margin/ income on a taxable equivalent basis (Non-GAAP) $ 801,637 $ 720,833 $80,804 $51,343 $29,461 3.59% 3.26% 0.33% Net interest spread Taxable equivalent adjustment 102,707 74,328 28,379 3.63% 3.51% 0.12% Net interest margin/ income non-taxable equivalent basis (GAAP) $ 698,930 $ 646,505 $52,425 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.
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18 Popular, Inc. Financial Supplement to Third 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-Sep-26 30-Sep-25 Variance 30-Sep-26 30-Sep-25 Variance 30-Sep-26 30-Sep-25 Variance Rate Volume (In millions) (In thousands) $ 4,933 $ 6,205 $(1,272) 3.72% 4.45% (0.73)% Money market investments $ 137,129 $ 206,565 $(69,436) $ (30,967) $(38,469) 30,894 28,729 2,165 3.68 3.28 0.40 Investment securities [1] 850,841 705,879 144,962 87,165 57,797 33 29 4 5.58 5.74 (0.16) Trading securities 1,394 1,237 157 (37) 194 35,860 34,963 897 3.69 3.49 0.20 Total money market, investment and trading securities 989,364 913,681 75,683 56,161 19,522 Loans: 19,938 18,802 1,136 6.76 6.72 0.04 Commercial 1,007,409 945,330 62,079 4,699 57,380 1,714 1,440 274 7.94 8.19 (0.25) Construction 101,825 88,179 13,646 (2,676) 16,322 1,968 1,961 7 7.40 7.18 0.22 Leasing 109,252 105,650 3,602 3,239 363 8,736 8,331 405 6.13 5.89 0.24 Mortgage 401,875 368,141 33,734 15,467 18,267 3,334 3,224 110 13.71 14.10 (0.39) Consumer 341,874 339,880 1,994 (9,009) 11,003 3,868 3,935 (67) 9.32 9.00 0.32 Auto 269,685 264,905 4,780 9,292 (4,512) 39,558 37,693 1,865 7.54 7.49 0.05 Total loans 2,231,920 2,112,085 119,835 21,012 98,823 $ 75,418 $ 72,656 $ 2,762 5.71% 5.57% 0.14% Total earning assets $3,221,284 $3,025,766 $195,518 $ 77,173 $118,345 Interest bearing deposits: $ 8,722 $ 8,077 $ 645 1.66% 1.73% (0.07)% NOW and money market $ 108,537 $ 104,711 $ 3,826 $ (8,150) $11,976 14,662 14,547 115 0.78 0.84 (0.06) Savings 85,262 91,430 (6,168) (3,378) (2,790) 8,861 8,587 274 2.98 3.17 (0.19) Time deposits 197,643 203,909 (6,266) (12,640) 6,374 21,504 20,464 1,040 2.66 3.24 (0.58) P.R public deposits 428,415 496,303 (67,888) (90,826) 22,938 53,749 51,675 2,074 2.04 2.32 (0.28) Total interest bearing deposits 819,857 896,353 (76,496) (114,994) 38,498 15,091 14,778 313 Non-interest bearing demand deposits 68,840 66,453 2,387 1.59 1.80 (0.21) Total deposits 819,857 896,353 (76,496) (114,994) 38,498 610 333 277 3.89 4.55 (0.66) Short-term borrowings 17,756 11,342 6,414 (1,830) 8,244 743 835 (92) 6.38 5.79 0.59 Other medium and long-term debt 35,486 36,173 (687) 3,668 (4,355) 55,102 52,843 2,259 2.12 2.39 (0.27) Total interest bearing liabilities (excluding demand deposits) 873,099 943,868 (70,769) (113,156) 42,387 5,225 5,035 190 Other sources of funds $ 75,418 $ 72,656 $ 2,762 1.55% 1.74% (0.19)% Total source of funds $ 873,099 $ 943,868 $(70,769) $(113,156) $42,387 4.16% 3.83% 0.33% Net interest margin/ income on a taxable equivalent basis (Non-GAAP) $2,348,185 $2,081,898 $266,287 $190,329 $75,958 3.59% 3.18% 0.41% Net interest spread Taxable equivalent adjustment 285,656 198,247 87,409 3.65% 3.46% 0.19% Net interest margin/ income non-taxable equivalent basis (GAAP) $2,062,529 $1,883,651 $178,878 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.
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19 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table G - Mortgage Banking Activities and Other Service Fees (Unaudited) Mortgage Banking Activities Quarters ended Variance Nine months ended (In thousands) 30-Sep-26 30-Jun-26 30-Sep-25 Δ vs 30 - Jun-26 Δ vs 30- Sep-25 30-Sep-26 30-Sep-25 Δ vs 30- Sep -25 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 6,173 $ 6,416 $ 6,744 $ (243) $ (571) $ 19,072 $ 20,824 $ (1,752) Mortgage servicing rights fair value adjustments (1,497) (232) (3,835) (1,265) 2,338 (4,368) (9,359) 4,991 Total mortgage servicing fees, net of fair value adjustments 4,676 6,184 2,909 (1,508) 1,767 14,704 11,465 3,239 Net (loss) gain on sale of loans, including valuation on loans held-for-sale (17) 159 (53) (176) 36 460 103 357 Trading account (loss) profit: Unrealized (losses) gains on outstanding derivative positions 124 (52) 51 176 73 147 (44) 191 Realized (losses) gains on closed derivative positions 69 13 (122) 56 191 63 (131) 194 Total trading account (loss) profit 193 (39) (71) 232 264 210 (175) 385 Losses on repurchased loans, including interest advances — (37) (14) 37 14 (42) (61) 19 Total mortgage banking activities $ 4,852 $ 6,267 $ 2,771 $ (1,415) $ 2,081 $ 15,332 $ 11,332 $ 4,000 Other Service Fees Quarters ended Variance Nine months ended (In thousands) 30-Sep-26 30-Jun-26 30-Sep-25 Δ vs 30- Jun-26 Δ vs 30- Sept-25 30-Sep-26 30-Sep-25 Δ vs 30- Sep-25 Other service fees: Debit card fees $ 30,841 $ 31,538 $ 28,084 $ (697) $ 2,757 $ 92,388 $ 82,434 $ 9,954 Insurance fees 12,893 12,586 12,995 307 (102) 38,004 36,999 1,005 Credit card fees 35,270 34,783 32,668 487 2,602 102,054 95,300 6,754 Sale and administration of investment products 11,007 9,998 9,459 1,009 1,548 31,192 27,490 3,702 Trust fees 7,911 7,751 6,998 160 913 23,001 19,924 3,077 Other fees 12,662 12,136 11,172 526 1,490 35,658 34,259 1,399 Total other service fees $ 110,584 $ 108,792 $ 101,376 $ 1,792 $ 9,208 $ 322,297 $ 296,406 $ 25,891
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20 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table H - Consolidated Loans and Deposits (Unaudited) Loans - Ending Balances Quarters ended Variance (Dollars in thousands) 30-Sep-26 30-Jun-26 30-Sep-25 Δ vs 30-Jun-26 % of Change Δ vs 30- Sep-25 % of Change Loans held-in-portfolio: Commercial Commercial multi-family $ 2,396,981 $ 2,399,424 $ 2,489,589 $ (2,443) (0.10%) $ (92,608) (3.72%) Commercial real estate non-owner occupied 5,842,740 5,620,875 5,462,580 221,865 3.95% 380,160 6.96% Commercial real estate owner occupied 3,412,200 3,256,702 3,090,724 155,498 4.77% 321,476 10.40% Commercial and industrial 8,709,058 8,774,084 8,245,639 (65,026) (0.74%) 463,419 5.62% Total Commercial 20,360,979 20,051,085 19,288,532 309,894 1.55% 1,072,447 5.56% Construction 1,585,873 1,732,075 1,604,612 (146,202) (8.44%) (18,739) (1.17%) Mortgage 8,860,185 8,780,334 8,558,408 79,851 0.91% 301,777 3.53% Leasing 1,952,125 1,968,035 1,998,651 (15,910) (0.81%) (46,526) (2.33%) Consumer Credit cards 1,260,053 1,237,997 1,225,567 22,056 1.78% 34,486 2.81% Home equity lines of credit 88,606 85,357 78,890 3,249 3.81% 9,716 12.32% Personal 1,994,260 1,952,725 1,900,325 41,535 2.13% 93,935 4.94% Auto 3,756,459 3,766,648 3,850,953 (10,189) (0.27%) (94,494) (2.45%) Other 184,116 175,606 181,220 8,510 4.85% 2,896 1.60% Total Consumer 7,283,494 7,218,333 7,236,955 65,161 0.90% 46,539 0.64% Total loans held-in-portfolio $ 40,042,656 $ 39,749,862 $ 38,687,158 $ 292,794 0.74% $ 1,355,498 3.50% Loans held-for-sale: Commercial $ — $ 83,700 $ — $ (83,700) —% $ — —% Mortgage $ 3,214 $ 4,879 $ 7,783 $ (1,665) (34.13%) $ (4,569) (58.70%) Total loans held-for-sale $ 3,214 $ 88,579 $ 7,783 $ (85,365) (96.37%) $ (4,569) (58.70%) Total loans $ 40,045,870 $ 39,838,441 $ 38,694,941 $ 207,429 0.52% $ 1,350,929 3.49% Deposits - Ending Balances Quarters ended Variance (In thousands) 30-Sep-26 30-Jun-26 30-Sep-25 [2] Δ vs 30- Jun-26 % of Change Δ vs 30- Sep-25 % of Change Deposits excluding P.R. public deposits: Demand deposits $ 15,005,068 $ 15,085,454 $ 14,874,026 $ (80,386) (0.53%) $ 131,042 0.88% Savings, NOW and money market deposits (non-brokered) 23,037,725 23,376,410 22,538,837 (338,685) (1.45%) 498,888 2.21% Savings, NOW and money market deposits (brokered) 75,278 79,505 84,592 (4,227) (5.32%) (9,314) (11.01%) Time deposits (non-brokered) 8,227,389 8,113,712 8,113,659 113,677 1.40% 113,730 1.40% Time deposits (brokered CDs) 893,371 873,116 826,182 20,255 2.32% 67,189 8.13% Sub-total deposits excluding P.R. public deposits 47,238,831 47,528,197 46,437,296 (289,366) (0.61%) 801,535 1.73% P.R. public deposits: Demand deposits [1] 11,033,195 11,438,732 12,487,246 (405,537) (3.55%) (1,454,051) (11.64%) Savings, NOW and money market deposits (non-brokered) 9,515,457 10,347,936 6,907,309 (832,479) (8.04%) 2,608,148 37.76% Time deposits (non-brokered) 917,508 918,250 681,553 (742) (0.08%) 235,955 34.62% Sub-total P.R. public deposits 21,466,160 22,704,918 20,076,108 (1,238,758) (5.46%) 1,390,052 6.92% Total deposits $ 68,704,991 $ 70,233,115 $ 66,513,404 $(1,528,124) (2.18%) $ 2,191,587 3.29% [1] Includes interest bearing demand deposits. [2] Savings, NOW and money market deposits include reciprocal deposits of $844 million as of September 30, 2026 (June 30, 2026 - $841 million; September 30, 2025 - $799 million) that were categorized as brokered deposits during 2025 and re-characterized as non-brokered in 2026. Similarly, Time deposits include reciprocal deposits of $88 million as of September 30, 2026 (June 30, 2026 - $75 million; September 30, 2025 - $100 million) that were categorized as brokered deposits during 2025 and re-characterized as non-brokered in 2026. The presentation for September 30, 2025 has been adjusted to conform to the presentation for September 30, 2026.
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21 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table I - Loan Delinquency - BPPR Operations (Unaudited) 30-Sep-26 BPPR Past due Past due 90 days or more (In thousands) 30-59days 60-89days 90 daysor more Totalpast due Current Loans HIP Non-accrualloans Accruingloans Commercial multi-family $ 4,608 $ 2,472 $ 3,222 $ 10,302 $ 334,459 $ 344,761 $ 3,222 $ — Commercial real estate: Non-owner occupied 4,925 138 25,930 30,993 3,376,262 3,407,255 25,930 — Owner occupied 5,892 1,238 18,601 25,731 1,179,548 1,205,279 18,601 — Commercial and industrial 5,920 2,721 188,053 196,694 5,893,457 6,090,151 183,940 4,113 Construction 11,944 — — 11,944 457,743 469,687 — — Mortgage 245,242 115,758 320,383 681,383 6,963,994 7,645,377 130,982 189,401 Leasing 22,785 5,283 7,713 35,781 1,916,344 1,952,125 7,713 — Consumer: Credit cards 14,018 9,957 24,279 48,254 1,211,793 1,260,047 — 24,279 Home equity lines of credit — — — — 1,818 1,818 — — Personal 21,317 12,624 16,349 50,290 1,891,960 1,942,250 16,349 — Auto 111,097 20,747 32,223 164,067 3,592,392 3,756,459 32,223 — Other 340 121 3,491 3,952 165,537 169,489 2,994 497 Total $ 448,088 $ 171,059 $ 640,244 $ 1,259,391 $ 26,985,307 $ 28,244,698 $ 421,954 $ 218,290 30-Jun-26 BPPR Past due Past due 90 days or more (In thousands) 30-59days 60-89days 90 daysor more Totalpast due Current Loans HIP Non-accrualloans Accruingloans 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 — — — — 425,850 425,850 — — 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 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
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22 Variance Past due Past due 90 days or more (In thousands) 30-59days 60-89days 90 daysor more Totalpast due Current Loans HIP Non-accrualloans Accruingloans Commercial multi-family $ (6,115) $ 2,472 $ 3,222 $ (421) $ (777) $ (1,198) $ 3,222 $ — Commercial real estate: Non-owner occupied 2,175 (22) (86) 2,067 84,093 86,160 (86) — Owner occupied 3,839 1,238 3,227 8,304 40,294 48,598 3,227 — Commercial and industrial 857 637 45,106 46,600 (119,517) (72,917) 45,551 (445) Construction 11,944 — — 11,944 31,893 43,837 — — Mortgage 17,160 7,538 (356) 24,342 91,485 115,827 1,742 (2,098) Leasing 427 (266) 531 692 (16,602) (15,910) 531 — Consumer: Credit cards 1,960 1,469 912 4,341 17,696 22,037 — 912 Home equity lines of credit — — — — (34) (34) — — Personal 3,533 1,835 (256) 5,112 41,119 46,231 (256) — Auto 11,332 1,195 749 13,276 (23,465) (10,189) 749 — Other 13 (675) (378) (1,040) 6,460 5,420 (550) 172 Total $ 47,125 $ 15,421 $ 52,671 $ 115,217 $ 152,645 $ 267,862 $ 54,130 $ (1,459)
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23 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table J - Loan Delinquency - Popular U.S. Operations (Unaudited) 30-Sep-26 Popular U.S. Past due Past due 90 days ormore (In thousands) 30-59days 60-89days 90 daysor more Totalpast due Current Loans HIP Non-accrualloans Accruingloans Commercial multi-family $ 4,985 $ 2,132 $ 7,151 $ 14,268 $ 2,037,952 $ 2,052,220 $ 7,151 $ — Commercial real estate: — Non-owner occupied 27,718 2,059 6,329 36,106 2,399,379 2,435,485 6,329 — Owner occupied 5,048 — 8,865 13,913 2,193,008 2,206,921 8,865 — Commercial and industrial 8,696 7,792 8,632 25,120 2,593,787 2,618,907 8,469 163 Construction — 12,491 — 12,491 1,103,695 1,116,186 — — Mortgage 1,276 3,977 9,256 14,509 1,200,299 1,214,808 9,256 — Consumer: — Credit cards — — — — 6 6 — — Home equity lines of credit 735 1,046 2,876 4,657 82,131 86,788 2,876 — Personal 614 399 837 1,850 50,160 52,010 837 — Other — — 48 48 14,579 14,627 48 — Total $ 49,072 $ 29,896 $ 43,994 $ 122,962 $ 11,674,996 $ 11,797,958 $ 43,831 $ 163 30-Jun-26 Popular U.S. Past due Past due 90 days ormore (In thousands) 30-59days 60-89days 90 daysor more Totalpast due Current Loans HIP Non-accrualloans Accruingloans 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 58 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
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24 Variance Past due Past due 90 days ormore (In thousands) 30-59days 60-89days 90 daysor more Totalpast due Current Loans HIP Non-accrualloans Accruingloans Commercial multi-family $ (181) $ 2,132 $ (1,780) $ 171 $ (1,416) $ (1,245) $ (1,780) $ — Commercial real estate: Non-owner occupied 26,118 (1,332) (621) 24,165 111,540 135,705 (621) — Owner occupied 4,054 (1,438) — 2,616 104,284 106,900 — — Commercial and industrial 3,024 7,734 1,895 12,653 (4,762) 7,891 1,906 (11) Construction — — — — (190,039) (190,039) — — Mortgage 378 1,204 (977) 605 (36,581) (35,976) (977) — Consumer: Credit cards — — — — 19 19 — — Home equity lines of credit (177) 927 (444) 306 2,977 3,283 (444) — Personal 101 (257) 86 (70) (4,626) (4,696) 86 — Other (441) — 48 (393) 3,483 3,090 48 — Total $ 32,876 $ 8,970 $ (1,793) $ 40,053 $ (15,121) $ 24,932 $ (1,782) $ (11)
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25 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table K - Loan Delinquency - Consolidated (Unaudited) 30-Sep-26 Popular, Inc. Past due Past due 90 days or more (In thousands) 30-59 days 60-89 days 90 days ormore Total pastdue Current Loans HIP Non-accrualloans Accruingloans Commercial multi-family $ 9,593 $ 4,604 $ 10,373 $ 24,570 $ 2,372,411 $ 2,396,981 $ 10,373 $ — Commercial real estate: Non-owner occupied 32,643 2,197 32,259 67,099 5,775,641 5,842,740 32,259 — Owner occupied 10,940 1,238 27,466 39,644 3,372,556 3,412,200 27,466 — Commercial and industrial 14,616 10,513 196,685 221,814 8,487,244 8,709,058 192,409 4,276 Construction 11,944 12,491 — 24,435 1,561,438 1,585,873 — — Mortgage 246,518 119,735 329,639 695,892 8,164,293 8,860,185 140,238 189,401 Leasing 22,785 5,283 7,713 35,781 1,916,344 1,952,125 7,713 — Consumer: Credit cards 14,018 9,957 24,279 48,254 1,211,799 1,260,053 — 24,279 Home equity lines of credit 735 1,046 2,876 4,657 83,949 88,606 2,876 — Personal 21,931 13,023 17,186 52,140 1,942,120 1,994,260 17,186 — Auto 111,097 20,747 32,223 164,067 3,592,392 3,756,459 32,223 — Other 340 121 3,539 4,000 180,116 184,116 3,042 497 Total $ 497,160 $ 200,955 $ 684,238 $ 1,382,353 $ 38,660,303 $ 40,042,656 $ 465,785 $ 218,453 30-Jun-26 Popular, Inc. Past due Past due 90 days or more (In thousands) 30-59 days 60-89 days 90 days ormore Total pastdue Current Loans HIP Non-accrualloans Accruingloans 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
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26 Variance Past due Past due 90 days or more (In thousands) 30-59days 60-89days 90 daysor more Totalpast due Current Loans HIP Non-accrualloans Accruingloans Commercial multi-family $ (6,296) $ 4,604 $ 1,442 $ (250) $ (2,193) $ (2,443) $ 1,442 $ — Commercial real estate: Non-owner occupied 28,293 (1,354) (707) 26,232 195,633 221,865 (707) — Owner occupied 7,893 (200) 3,227 10,920 144,578 155,498 3,227 — Commercial and industrial 3,881 8,371 47,001 59,253 (124,279) (65,026) 47,457 (456) Construction 11,944 — — 11,944 (158,146) (146,202) — — Mortgage 17,538 8,742 (1,333) 24,947 54,904 79,851 765 (2,098) Leasing 427 (266) 531 692 (16,602) (15,910) 531 — Consumer: Credit cards 1,960 1,469 912 4,341 17,715 22,056 — 912 Home equity lines of credit (177) 927 (444) 306 2,943 3,249 (444) — Personal 3,634 1,578 (170) 5,042 36,493 41,535 (170) — Auto 11,332 1,195 749 13,276 (23,465) (10,189) 749 — Other (428) (675) (330) (1,433) 9,943 8,510 (502) 172 Total $ 80,001 $ 24,391 $ 50,878 $ 155,270 $ 137,524 $ 292,794 $ 52,348 $ (1,470)
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27 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table L - Non-Performing Assets (Unaudited) Variance (Dollars in thousands) 30-Sep-26 As a % ofloans HIPbycategory 30-Jun-26 As a % ofloans HIPbycategory 30-Sep-25 As a % ofloans HIPbycategory Q3 2026 vs. Q2 2026 Q3 2026 vs Q3 2025 Non-accrual loans: Commercial Commercial multi-family $ 10,373 0.4% $ 8,931 0.4% $ 8,641 0.3% $ 1,442 $ 1,732 Commercial real estate non-owner occupied 32,259 0.6 32,966 0.6 44,126 0.8 (707) (11,867) Commercial real estate owner occupied 27,466 0.8 24,239 0.7 25,619 0.8 3,227 1,847 Commercial and industrial 192,409 2.2 144,952 1.7 174,491 2.1 47,457 17,918 Total Commercial 262,507 1.3 211,088 1.1 252,877 1.3 51,419 9,630 Mortgage 140,238 1.6 139,473 1.6 167,767 2.0 765 (27,529) Leasing 7,713 0.4 7,182 0.4 7,747 0.4 531 (34) Consumer Home equity lines of credit 2,876 3.2 3,320 3.9 3,257 4.1 (444) (381) Personal 17,186 0.9 17,356 0.9 19,316 1.0 (170) (2,130) Auto 32,223 0.9 31,474 0.8 49,432 1.3 749 (17,209) Other 3,042 1.7 3,544 2.0 1,806 1.0 (502) 1,236 Total Consumer 55,327 0.8 55,694 0.8 73,811 1.0 (367) (18,484) Total non-performing loans held-in-portfolio 465,785 1.2% 413,437 1.0% 502,202 1.3% 52,348 (36,417) Non-performing loans held-for-sale — 83,700 — (83,700) — Other real estate owned (“OREO”) 44,299 49,557 42,950 (5,258) 1,349 Total non-performing assets 510,084 546,694 545,152 (36,610) (35,068) Accruing loans past due 90 days or more [1] 218,453 219,923 205,356 $ (1,470) $ 13,097 Ratios: Non-performing assets to total assets 0.66% 0.69% 0.73% Non-performing loans held-in-portfolio to loans held-in-portfolio 1.16 1.04 1.30 Allowance for credit losses to loans held-in-portfolio 1.92 1.97 2.03 Allowance for credit losses to non-performing loans, excluding loans held-for-sale 165.46 189.83 156.55 [1] 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. These balances include $35 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of September 2026 (June 2026 - $40 million ; September 2025 - $49 million). Furthermore, the Corporation has approximately $23 million reverse mortgage loans which are guaranteed by FHA, as of September 2026 . Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets (June 2026 - $25 million ; September 2025 - $29 million ).
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28 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table M - Activity in Non-Performing Loans (Unaudited) Commercial loans held-in-portfolio: Quarter ended Quarter ended 30-Sep-26 30-Jun-26 (In thousands) BPPR Popular U.S. Popular, Inc. BPPR Popular U.S. Popular, Inc. Beginning balance NPLs $ 179,779 $ 31,309 $ 211,088 $ 226,642 $ 24,473 $ 251,115 Plus: New non-performing loans 91,131 5,924 97,055 136,095 16,382 152,477 Advances on existing non-performing loans — 210 210 — 62 62 Less: Non-performing loans transferred to OREO — — — (301) — (301) Non-performing loans charged-off (34,809) (585) (35,394) (73,035) (1,571) (74,606) Loans returned to accrual status / loan collections (4,408) (6,044) (10,452) (25,922) (8,037) (33,959) Loans transferred to held-for-sale — — — (83,700) — (83,700) Ending balance NPLs $ 231,693 $ 30,814 $ 262,507 $ 179,779 $ 31,309 $ 211,088 Mortgage loans held-in-portfolio: Quarter ended Quarter ended 30-Sep-26 30-Jun-26 (In thousands) BPPR Popular U.S. Popular, Inc. BPPR Popular U.S. Popular, Inc. Beginning balance NPLs $ 129,240 $ 10,233 $ 139,473 $ 129,367 $ 9,700 $ 139,067 Plus: New non-performing loans 30,624 2,804 33,428 30,664 3,251 33,915 Advances on existing non-performing loans — — — — 4 4 Less: Non-performing loans transferred to OREO (1,497) — (1,497) (1,985) — (1,985) Non-performing loans charged-off 44 (4) 40 119 (9) 110 Loans returned to accrual status / loan collections (27,429) (3,777) (31,206) (28,925) (2,713) (31,638) Ending balance NPLs $ 130,982 $ 9,256 $ 140,238 $ 129,240 $ 10,233 $ 139,473 Total non-performing loans held-in-portfolio (excluding consumer): Quarter ended Quarter ended 30-Sep-26 30-Jun-26 (In thousands) BPPR Popular U.S. Popular, Inc. BPPR Popular U.S. Popular, Inc. Beginning balance NPLs $ 309,019 $ 41,542 $ 350,561 $ 356,009 $ 34,173 $ 390,182 Plus: New non-performing loans 121,755 8,728 130,483 166,759 19,633 186,392 Advances on existing non-performing loans — 210 210 — 66 66 Less: Non-performing loans transferred to OREO (1,497) — (1,497) (2,286) — (2,286) Non-performing loans charged-off (34,765) (589) (35,354) (72,916) (1,580) (74,496) Loans returned to accrual status / loan collections (31,837) (9,821) (41,658) (54,847) (10,750) (65,597) Loans transferred to held-for-sale — — — (83,700) — (83,700) Ending balance NPLs $ 362,675 $ 40,070 $ 402,745 $ 309,019 $ 41,542 $ 350,561
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29 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table N - Allowance for Credit Losses, Net Charge-offs and Related Ratios(Unaudited) Quarters ended (In thousands) 30-Sep-26 30-Jun-26 30-Sep-25 Balance at beginning of period - loans held-in-portfolio $ 784,832 $ 823,729 $ 769,485 Provision for credit losses 58,788 65,154 74,517 Initial allowance for credit losses - PCD Loans 3 2 6 843,623 888,885 844,008 Net loans charge-off (recovered)- BPPR Commercial: Commercial multi-family (2) — (2) Commercial real estate non-owner occupied (676) (4,102) 12,614 Commercial real estate owner occupied (4,211) (2,063) (947) Commercial and industrial 34,085 73,406 1,467 Total Commercial 29,196 67,241 13,132 Construction (80) — — Mortgage (3,324) (4,922) (2,216) Leasing 1,605 1,840 2,054 Consumer: Credit cards 13,739 14,300 15,310 Home equity lines of credit (107) (44) (89) Personal 17,212 16,143 15,685 Auto 13,067 5,808 12,036 Other Consumer 769 1,322 627 Total Consumer 44,680 37,529 43,569 Total net charged-off BPPR $ 72,077 $ 101,688 $ 56,539 Net loans charge-off (recovered) - Popular U.S. Commercial: Commercial multi-family — 1,312 (60) Commercial real estate owner occupied 626 (139) (16) Commercial and industrial (127) 87 660 Total Commercial 499 1,260 584 Construction — — — Mortgage (32) (31) (36) Consumer: Credit cards — 1 — Home equity lines of credit (428) (106) (423) Personal 804 1,233 1,109 Other Consumer 16 8 15 Total Consumer 392 1,136 701 Total net charged-off Popular U.S. $ 859 $ 2,365 $ 1,249 Total loans net charged-off - Popular, Inc. $ 72,936 $ 104,053 $ 57,788 Balance at end of period - loans held-in-portfolio $ 770,687 $ 784,832 $ 786,220 Balance at beginning of period - unfunded commitments $ 14,936 $ 14,547 $ 13,053 Provision for credit losses (benefit) (22) 389 770 Balance at end of period - unfunded commitments [1] $ 14,914 $ 14,936 $ 13,823 POPULAR, INC. Annualized net charge-offs (recoveries) to average loans held-in-portfolio 0.73% 1.05% 0.60% Provision for credit losses (benefit) - loan portfolios to net charge-offs 80.60% 62.62% 128.95% BPPR Annualized net charge-offs (recoveries) to average loans held-in-portfolio 1.03% 1.46% 0.84% Provision for credit losses (benefit) - loan portfolios to net charge-offs 85.09% 60.71% 128.48% Popular U.S. Annualized net charge-offs (recoveries) to average loans held-in-portfolio 0.03% 0.08% 0.04% Provision for credit losses (benefit) - loan portfolios to net charge-offs (295.81%) 144.44% 150.36% [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.
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30 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table O - Allowance for Credit Losses “ACL”- Loan Portfolios - BPPR Operations(Unaudited) 30-Sep-26 BPPR (Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio Commercial: Commercial multi-family $ 3,420 $ 344,761 0.99% Commercial real estate - non-owner occupied 38,230 3,407,255 1.12% Commercial real estate - owner occupied 38,653 1,205,279 3.21% Commercial and industrial 175,264 6,090,151 2.88% Total commercial $ 255,567 $ 11,047,446 2.31% Construction 4,193 469,687 0.89% Mortgage 69,390 7,645,377 0.91% Leasing 16,870 1,952,125 0.86% Consumer: Credit cards 84,992 1,260,047 6.75% Home equity lines of credit 47 1,818 2.59% Personal 89,962 1,942,250 4.63% Auto 152,931 3,756,459 4.07% Other 7,590 169,489 4.48% Total consumer $ 335,522 $ 7,130,063 4.71% Total $ 681,542 $ 28,244,698 2.41% 30-Jun-26 BPPR (Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio Commercial: Commercial multi-family $ 4,069 $ 345,959 1.18% Commercial real estate - non-owner occupied 40,179 3,321,095 1.21% Commercial real estate - owner occupied 35,549 1,156,681 3.07% Commercial and industrial 166,787 6,163,068 2.71% Total commercial $ 246,584 $ 10,986,803 2.24% Construction 4,803 425,850 1.13% Mortgage 70,498 7,529,550 0.94% Leasing 17,627 1,968,035 0.90% Consumer: Credit cards 84,817 1,238,010 6.85% Home equity lines of credit 52 1,852 2.81% Personal 96,014 1,896,019 5.06% Auto 164,543 3,766,648 4.37% Other 7,349 164,069 4.48% Total consumer $ 352,775 $ 7,066,598 4.99% Total $ 692,287 $ 27,976,836 2.47%
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31 Variance (Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio Commercial: Commercial multi-family $ (649) $ (1,198) (0.18%) Commercial real estate - non-owner occupied (1,949) 86,160 (0.09%) Commercial real estate - owner occupied 3,104 48,598 0.13% Commercial and industrial 8,477 (72,917) 0.17% Total commercial $ 8,983 $ 60,643 0.07% Construction (610) 43,837 (0.24%) Mortgage (1,108) 115,827 (0.03)% Leasing (757) (15,910) (0.03)% Consumer: Credit cards 175 22,037 (0.11)% Home equity lines of credit (5) (34) (0.22%) Personal (6,052) 46,231 (0.43%) Auto (11,612) (10,189) (0.30%) Other 241 5,420 —% Total consumer $ (17,253) $ 63,465 (0.29%) Total $ (10,745) $ 267,862 (0.06)%
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32 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table P - Allowance for Credit Losses “ACL”- Loan Portfolios - POPULAR U.S. Operations (Unaudited) 30-Sep-26 Popular U.S. (Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio Commercial: Commercial multi-family $ 12,391 $ 2,052,220 0.60% Commercial real estate - non-owner occupied 14,418 2,435,485 0.59% Commercial real estate - owner occupied 19,180 2,206,921 0.87% Commercial and industrial 21,415 2,618,907 0.82% Total commercial $ 67,404 $ 9,313,533 0.72% Construction 7,161 1,116,186 0.64% Mortgage 8,258 1,214,808 0.68% Consumer: Credit cards — 6 -% Home equity lines of credit 1,679 86,788 1.93% Personal 4,639 52,010 8.92% Other 4 14,627 0.03% Total consumer $ 6,322 $ 153,431 4.12% Total $ 89,145 $ 11,797,958 0.76% 30-Jun-26 Popular U.S. (Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio Commercial: Commercial multi-family $ 14,850 $ 2,053,465 0.72% Commercial real estate - non-owner occupied 15,631 2,299,780 0.68% Commercial real estate - owner occupied 17,090 2,100,021 0.81% Commercial and industrial 18,609 2,611,016 0.71% Total commercial $ 66,180 $ 9,064,282 0.73% Construction 9,557 1,306,225 0.73% Mortgage 9,024 1,250,784 0.72% Consumer: Credit cards — (13) —% Home equity lines of credit 1,371 83,505 1.64% Personal 6,408 56,706 11.30% Other 5 11,537 0.04% Total consumer $ 7,784 $ 151,735 5.13% Total $ 92,545 $ 11,773,026 0.79%
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33 Variance (Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio Commercial: Commercial multi-family $ (2,459) $ (1,245) (0.12%) Commercial real estate - non-owner occupied (1,213) 135,705 (0.09%) Commercial real estate - owner occupied 2,090 106,900 0.06% Commercial and industrial 2,806 7,891 0.10% Total commercial $ 1,224 $ 249,251 (0.01%) Construction (2,396) (190,039) (0.09%) Mortgage (766) (35,976) (0.04%) Consumer: Credit cards — 19 —% Home equity lines of credit 308 3,283 0.29% Personal (1,769) (4,696) (2.38%) Other (1) 3,090 (0.02%) Total consumer $ (1,462) $ 1,696 (1.01)% Total $ (3,400) $ 24,932 (0.03%)
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34 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table Q - Allowance for Credit Losses “ACL”- Loan Portfolios - Consolidated (Unaudited) 30-Sep-26 Pop Inc. (Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio Commercial: Commercial multi-family $ 15,811 $ 2,396,981 0.66% Commercial real estate - non-owner occupied 52,648 5,842,740 0.90% Commercial real estate - owner occupied 57,833 3,412,200 1.69% Commercial and industrial 196,679 8,709,058 2.26% Total commercial $ 322,971 $ 20,360,979 1.59% Construction 11,354 1,585,873 0.72% Mortgage 77,648 8,860,185 0.88% Leasing 16,870 1,952,125 0.86% Consumer: Credit cards 84,992 1,260,053 6.75% Home equity lines of credit 1,726 88,606 1.95% Personal 94,601 1,994,260 4.74% Auto 152,931 3,756,459 4.07% Other 7,594 184,116 4.12% Total consumer $ 341,844 $ 7,283,494 4.69% Total $ 770,687 $ 40,042,656 1.92% 30-Jun-26 Pop Inc. (Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio Commercial: Commercial multi-family $ 18,919 $ 2,399,424 0.79% Commercial real estate - non-owner occupied 55,810 5,620,875 0.99% Commercial real estate - owner occupied 52,639 3,256,702 1.62% Commercial and industrial 185,396 8,774,084 2.11% Total commercial $ 312,764 $ 20,051,085 1.56% Construction 14,360 1,732,075 0.83% Mortgage 79,522 8,780,334 0.91% Leasing 17,627 1,968,035 0.90% Consumer: Credit cards 84,817 1,237,997 6.85% Home equity lines of credit 1,423 85,357 1.67% Personal 102,422 1,952,725 5.25% Auto 164,543 3,766,648 4.37% Other 7,354 175,606 4.19% Total consumer $ 360,559 $ 7,218,333 5.00% Total $ 784,832 $ 39,749,862 1.97%
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35 Variance (Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio Commercial: Commercial multi-family $ (3,108) $ (2,443) (0.13%) Commercial real estate - non-owner occupied (3,162) 221,865 (0.09%) Commercial real estate - owner occupied 5,194 155,498 0.08% Commercial and industrial 11,283 (65,026) 0.15% Total commercial $ 10,207 $ 309,894 0.03% Construction (3,006) (146,202) (0.11%) Mortgage (1,874) 79,851 (0.03)% Leasing (757) (15,910) (0.03)% Consumer: Credit cards 175 22,056 (0.11)% Home equity lines of credit 303 3,249 0.28% Personal (7,821) 41,535 (0.50%) Auto (11,612) (10,189) (0.30%) Other 240 8,510 (0.06%) Total consumer $ (18,715) $ 65,161 (0.30%) Total $ (14,145) $ 292,794 (0.05)%
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36 Popular, Inc. Financial Supplement to Third Quarter 2026 Earnings Release Table R - Reconciliation to GAAP Financial Measures (Unaudited) Quarters ended (In thousands, except share or per share information) 30-Sep-26 30-Jun-26 30-Sep-25 Total stockholders’ equity $ 6,238,844 $ 6,433,005 $ 6,115,672 Less: Preferred stock (22,143) (22,143) (22,143) Less: Goodwill (789,954) (789,954) (789,954) Less: Other intangibles (3,924) (4,308) (5,460) Total tangible common equity $ 5,422,823 $ 5,616,600 $ 5,298,115 Total assets $ 77,758,872 $ 78,972,300 $ 75,065,798 Less: Goodwill (789,954) (789,954) (789,954) Less: Other intangibles (3,924) (4,308) (5,460) Total tangible assets $ 76,964,994 $ 78,178,038 $ 74,270,384 Tangible common equity to tangible assets 7.05% 7.18% 7.13% Common shares outstanding at end of period 62,834,136 63,866,681 66,959,866 Tangible book value per common share $ 86.30 $ 87.94 $ 79.12 Quarterly average 30-Sep-26 30-Jun-26 30-Sep-25 Total stockholders’ equity $ 6,439,803 $ 6,354,694 $ 6,882,514 [1] Less: Preferred Stock (22,143) (22,143) (22,143) Less: Goodwill (789,954) (789,954) (802,812) Less: Other intangibles (4,177) (4,559) (5,714) Total tangible common equity before adjusting for the impact of unrealized (gains) losses on AFS securities including those transferred to HTM $ 5,623,529 $ 5,538,038 $ 6,051,845 Return on average tangible common equity before adjusting for the impact of unrealized (gains) losses on AFS securities including those transferred to HTM 18.76% 20.12% 13.83% Add: Average unrealized (gains) losses on AFS securities 903,931 824,631 61,027 Add: Average unrealized (gains) losses on AFS securities transferred to HTM 150,274 184,136 296,934 Total tangible common equity after adding back of impact of unrealized (gains) losses on AFS securities, including those transferred to HTM $ 6,677,734 $ 6,546,805 $ 6,409,806 ROTCE 15.80% 17.02% 13.06% [1] Average balances exclude certain unrealized gains or losses on debt securities available-for-sale.
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37 CONTACTS: Popular, Inc. Investor Relations: Paul J. Cardillo, 212-417-6721 Senior Vice President and Investor Relations Officer pcardillo@popular.com or Media Relations: MC González Noguera, 917-804-5253 Executive Vice President and Chief Communications & Public Affairs Officer mc.gonzalez@popular.com