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8-K

Popular, Inc. (BPOP)

8-K 2025-10-23 For: 2025-10-23
View Original
Added on April 08, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 23, 2025

POPULAR, INC.

(Exact name of registrant as specified in its charter)

Puerto Rico 001-34084 66-0667416
(State or other jurisdiction of<br> <br>incorporation or organization) (Commission<br> <br>File Number) (IRS Employer<br>Identification Number)
209 Muñoz Rivera Avenue
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Hato Rey, Puerto Rico 00918
(Address of principal executive offices) (Zip code)

(787) 765-9800

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading<br>Symbol(s) Name of each exchange<br>on which registered
Common Stock ($0.01 par value) BPOP The NASDAQ Stock Market
6.125% Cumulative Monthly Income Trust Preferred Securities BPOPM The NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On October 23, 2025, Popular, Inc. (the “Corporation”) issued a press release announcing its unaudited financial results for the quarter ended September 30, 2025, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

The information furnished pursuant to this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any of the Corporation’s filings under the Securities Act of 1933, as amended, unless otherwise expressly stated in such filing.

Item 7.01. Regulation FD Disclosure.

The Corporation is furnishing information regarding its conference call to discuss its financial results for the quarter ended September 30, 2025. A copy of the presentation to be used by the Corporation on the conference call is attached hereto as Exhibit 99.2.

The information furnished pursuant to this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2, shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any of the Corporation’s filings under the Securities Act of 1933, as amended, unless otherwise expressly stated in such filing.

Item 9.01. Financial Statements and Exhibits.

Exhibits 99.1 and 99.2 shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended.

99.1 Press Release dated October 23, 2025 – Third Quarter 2025 Financial Results.
99.2 Popular, Inc. Conference Call Presentation – Third Quarter 2025 Financial Results.
101 Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language).
104 Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

POPULAR, INC.<br> <br>(Registrant)
Date: October 23, 2025 By: /s/ Denissa M. Rodríguez
Denissa M. Rodríguez
Senior Vice President and Corporate Comptroller

EX-99.1

Exhibit 99.1

LOGO

Popular, Inc. Announces Third Quarter 2025 Financial Results

• Net income of $211.3 million in Q3 2025, compared to net income of $210.4 million in Q2 2025.<br>
• Earnings per share (“EPS”) of $3.15 in Q3 2025 vs. $3.09 in Q2 2025.
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• Net interest income of $646.5 million in Q3 2025, an increase of $15.0 million compared to Q2 2025:<br>
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• Net interest margin of 3.51% in Q3 2025, compared to 3.49% in Q2 2025; net interest margin on a taxable<br>equivalent basis of 3.90% in Q3 2025, compared to 3.85% in Q2 2025.
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• Non-interest income of $171.2 million in Q3 2025, compared to<br>$168.5 million in Q2 2025.
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• Operating expenses amounted to $495.3 million, compared to $492.8 million in Q2 2025.<br>
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• Credit quality metrics:
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• Non-performing loans held-in-portfolio (“NPLs”) increased by $190.6 million from Q2 2025, primarily due to two unrelated large commercial loans with book values of $158.3 million and $30.1 million; the<br>NPLs to loans ratio increased to 1.30% from 0.82% in Q2 2025.
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• Net charge-offs (“NCOs”) increased by $15.6 million from Q2 2025, mainly due to a<br>$13.5 million commercial loan charge-off on the $30.1 million commercial NPL inflow; annualized NCOs to average loans<br>held-in-portfolio at 0.60% vs. 0.45% in Q2 2025.
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• Allowance for credit losses (“ACL”) to loans held-in-portfolio at 2.03% vs. 2.02% in Q2 2025; and
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• ACL to NPLs at 156.6% vs. 246.9% in Q2 2025.
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• Loans held-in-portfolio,<br>excluding loans held-for-sale, amounted to $38.7 billion, an increase of $502.0 million from Q2 2025; average quarterly loan balances higher by<br>$859.2 million.
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• Money market and investment securities decreased by $1.5 billion from Q2 2025; average quarterly balances<br>decreased by $111.6 million.
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• Deposits at $66.5 billion, decreased $704.1 million from Q2 2025, including a decrease of<br>$841.9 million in P.R. public deposits; average quarterly deposits higher by $793.2 million, including an increase of $433.2 million in P.R. public deposits.
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• Common Equity Tier 1 ratio of 15.79%, Common Equity per share of $91.00 and Tangible Book Value per share<br>increased $3.71 to $79.12.
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• Capital actions for the third quarter of 2025 included the repurchase of 1,000,862 shares of common stock for<br>$119.4 million, at an average price of $119.33 per share and the declaration of a common stock dividend of $0.75 per share, an increase from $0.70 per share. As of September 30, 2025, a total of $429.0 million remained available for<br>stock repurchases under the active repurchase authorization.
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1

SAN JUAN, Puerto Rico – (BUSINESS WIRE) – Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $211.3 million for the quarter ended September 30, 2025, compared to net income of $210.4 million for the quarter ended June 30, 2025.

“We are very pleased with our strong results in the third quarter, which were driven by higher revenues, continued expansion of our net interest margin, and discipline in expense management,” said Javier D. Ferrer, President and Chief Executive Officer of Popular, Inc. “We are also encouraged by strong loan growth in both markets, stable customer deposit balances, and solid performance across most fee-generating segments, including robust transaction activity supported by continued customer growth.

We are focused on executing on our new strategic framework, which has three objectives: be the #1 bank for our customers, be simple and efficient, and be a top-performing bank with first-rate talent and which delivers sustainable returns to our shareholders. This framework guides our Transformation, which continues to show steady and notable progress.

Our team is clear about our priorities and energized about the opportunities that lie ahead. I want to thank all our colleagues for their dedication and outstanding work—their commitment continues to drive our success.”

2

Earnings Highlights

(Unaudited) Quarters ended Nine months ended
(Dollars in thousands, except per share information) 30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24
Net interest income $ 646,505 $ 631,549 $ 572,473 $ 1,883,651 $ 1,691,529
Provision for credit losses 75,125 48,941 71,448 188,147 190,840
Net interest income after provision for credit losses 571,380 582,608 501,025 1,695,504 1,500,689
Other non-interest income 171,195 168,477 164,082 491,733 494,206
Operating expenses 495,287 492,761 467,321 1,459,060 1,420,010
Income before income tax 247,288 258,324 197,786 728,177 574,885
Income tax expense 35,971 47,884 42,463 128,918 138,490
Net income $ 211,317 $ 210,440 $ 155,323 $ 599,259 $ 436,395
Net income applicable to common stock $ 210,964 $ 210,087 $ 154,970 $ 598,200 $ 435,336
Net income per common share-basic $ 3.15 $ 3.09 $ 2.16 $ 8.78 $ 6.06
Net income per common share-diluted $ 3.14 $ 3.09 $ 2.16 $ 8.78 $ 6.05

3

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, E and F for the quarter ended September 30, 2025. Net interest income, on a taxable equivalent basis, is a non-GAAP financial measure. Management believes that this presentation provides meaningful information since it facilitates the comparison of revenues arising from taxable and tax-exempt sources.

Tangible Common Equity

Tangible common equity, the tangible common equity ratio, tangible assets and tangible book value per common share are non-GAAP financial measures. The tangible common equity ratio and tangible book value per common share are commonly used by banks and analysts in conjunction with more traditional bank capital ratios to compare the capital adequacy of banking organizations with significant amounts of goodwill or other intangible assets, typically stemming from the use of the purchase accounting method for mergers and acquisitions. Neither tangible common equity nor tangible assets or related measures should be used in isolation or as a substitute for stockholders’ equity, total assets or any other measure calculated in accordance with GAAP.

Refer to Table R for a reconciliation of total stockholders’ equity to tangible common equity and total assets to tangible assets.

Net Interest Income and Net Interest Margin

Net interest income (“NII”) for the third quarter of 2025 of $646.5 million, an increase of $15.0 million when compared to the previous quarter. These results continue to reflect the favorable impact of asset repricing, and the Corporation’s focus on deposit retention. During the period, the investments in U.S. Treasury securities with higher yields contributed positively to the period’s net interest income, supported by an increase of $793.2 million in average deposits compared to the second quarter of 2025, primarily in P.R. public deposits and high-cost deposits in our U.S. operations, offset in part by a reduction in overnight Fed funds balances. Conversely, total interest expense on deposits increased by $8.4 million when compared with the second quarter of 2025, driven by higher average deposits during the quarter. The additional day in the quarter, when compared to the previous quarter, resulted in higher NII by $5.1 million.

Net interest margin (“NIM”) for the quarter was 3.51%, compared to 3.49% in the second quarter of 2025, an increase of two basis points. NIM expansion for the period was driven by earning assets mix, including higher yielding U.S. Treasury securities by approximately 10 basis points, partially offset by changes in the loan portfolios composition, which resulted in lower loan yields by four basis points. Total deposit costs of 1.79% increased by one basis point when compared to the second quarter of 2025. P.R. public deposit costs, which are market-linked, decreased by three basis points to 3.19%. Excluding P.R. public deposits, average deposits increased by $359.9 million and total deposit costs increased two basis points to 1.17% when compared to the second quarter of 2025.

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

Net interest income on a taxable equivalent basis for the third quarter of 2025 was $720.8 million, an increase of $23.6 million. Net interest margin on a taxable equivalent basis for the third quarter of 2025 was 3.90%, an increase of five basis points.

4

The main drivers of net interest income on a taxable equivalent basis were:

• higher income from investment securities by $12.7 million or 13 basis points, due to higher investments in<br>U.S. Treasury securities, which are tax-exempt in Puerto Rico, by $290.4 million and higher yields by 17 basis points. During the quarter we purchased approximately $2.5 billion of U.S. Treasury<br>notes with an average duration of 1.4 years and a yield of approximately 3.65%, through a combination of approximately $1.0 billion in maturing U.S. Treasuries and a reduction of approximately $1.5 billion in overnight Fed funds. This<br>further supports a reduction in the portfolio’s sensitivity to future rate decreases; and
• higher interest income from loans by $21.4 million, primarily as a result of higher average loan balances by<br>$859.7 million due to growth in the loan portfolios, most notably in the commercial and mortgage loan portfolios which in Banco Popular de Puerto Rico (“BPPR”) include certain loans that are<br>tax- exempt;
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partially offset by:

• higher interest expense on deposits by $8.4 million or one basis point, primarily as result of higher<br>average balance of P.R. public deposits, which increased by $433.2 million, and high-cost deposits in Popular Bank (“PB” or “Popular U.S.”), partially offset by the lower repricing of market linked P.R. public deposits;<br>and
• lower income from money market investments by $2.7 million mainly due to the use of funds to support loan<br>growth and U.S. Treasury securities purchases, as previously noted.
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Net Interest Income and Net Interest Margin (Banco Popular dePuerto Rico Segment)

For the BPPR segment, net interest income for the third quarter of 2025 was $550.7 million, an increase of $12.2 million over the previous quarter. Net interest margin increased by three basis points to 3.71%. Total deposits cost in BPPR increased by one basis point to 1.53%.

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

• higher income from investment securities by $8.0 million, or an eight basis points increase, driven by<br>higher yields by 10 basis points and higher average balances of U.S. Treasury securities by $255.0 million, driven by higher average deposits and a reduction in overnight Fed funds; and
• higher income from loans by $11.8 million primarily attributable to growth in all portfolios, mainly in the<br>commercial and mortgage portfolios which on average grew balances by $382.4 million and $144.8 million, respectively, partially offset by lower yields in commercial loan portfolio by 15 basis points, driven by the impact of certain large<br>commercial loan originations at lower yields that have occurred during the second and third quarter of 2025 and the impact of 6 basis points due to the reversal of accrued interest income receivable on a large commercial loan classified as non-accrual during the period;
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partially offset by:

• higher average deposits by $389.2 million, driven by higher P.R. public deposits by $433.2 million,<br>resulting in higher interest expense by $3.7 million; and
• lower income from money market investments by $3.3 million mainly due to the use of funds to support loan<br>growth and U.S. Treasury securities purchases.
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5

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

In the Popular Bank segment, net interest income was $105.2 million, $3.0 million higher when compared to the previous quarter. Net interest margin in the PB segment increased by one basis point to 2.94%. Total cost of deposits increased by one basis point during the quarter to 2.96%.

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

• an increase in interest income on loan portfolios by $5.7 million, or two basis points, compared to the<br>previous quarter, driven by growth in the commercial and construction loan portfolios; and

partially offset by:

• higher interest expense on deposits by $3.2 million, or one basis point, attributed to higher average<br>deposits, mainly in high-cost deposits including online deposits and time deposits.

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-interestincome

Non-interest income amounted to $171.2 million for the quarter ended September 30, 2025, an increase of $2.7 million when compared to $168.5 million for the previous quarter. Our diverse fee-generating segments, together with robust customer transaction activity, have contributed to solid performance in the third quarter of 2025.

The main variances in non-interest income include:

• higher other operating income by $3.6 million mainly due to income of $5.3 million related to a<br>retroactive charge billed to a tenant for energy supplied in prior years and higher income from investments accounted under the equity method by $2.7 million, partially offset by the impact of $3.5 million related to certain transactions<br>recognized during the second quarter of 2025 which included income on a tax-related reimbursement and a cash distribution from a legacy equity investment;

partially offset by:

• lower income from mortgage banking activities by $2.1, million mainly due to an unfavorable variance in the fair<br>value adjustment of Mortgage Servicing Rights (“MSRs”) driven by a reduction in market rates that impacted interest earned on escrowed accounts and net portfolio runoff.

Refer to Table B for further details.

6

Operating expenses

Operating expenses for the third quarter of 2025 totaled $495.3 million, an increase of $2.5 million when compared to the second quarter of 2025. The variance in operating expenses was driven primarily by:

• a non-cash goodwill impairment of $13.0 million in our U.S. based<br>equipment leasing subsidiary due to lower projected earnings for the forecasted period, driven by lower lending activity;
• higher personnel costs by $3.6 million mainly as a result of higher salary expense by $6.6 million due<br>in part to annual salary and merit increases effective in the third quarter of 2025, and the impact of an additional day in the quarter, and higher other personnel costs by $2.0 million, driven by employee termination benefits resulting from<br>ongoing efforts to improve our profitability, including the decision to exit the U.S. Residential Mortgage origination business and close four underperforming branches in the New York metro area at Popular U.S.; partially offset by lower incentive<br>expenses by $6.5 million related to restricted stock grants and performance shares awarded in the second quarter of 2025;
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• higher technology and software expenses by $2.4 million, including software cost amortization, related to<br>investments in the Corporation’s cloud infrastructure, among other continuing investments in technology and transformation initiatives, partially offset by a decrease in network management services expenses; and
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• higher FDIC deposit insurance expense by $1.5 million, mainly driven by Popular U.S., due to changes in the<br>assessment impacted by its wholesale funding composition and an increase in construction loans;
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partially offset by:

• lower other operating expenses by $13.5 million, driven by a reversal in the third quarter of a<br>$4.8 million claim reserve established during the second quarter of 2025 and the release of several sundry loss reserves by $4.6 million mainly related to the mortgage servicing business;
• lower net occupancy expenses by $3.1 million, driven by a favorable reassessment of the real property tax<br>estimate for certain properties in Puerto Rico by $3.0 million; and
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• lower professional fees by $2.3 million, mainly due to lower costs associated with regulatory compliance<br>activities.
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Full-time equivalent employees were 9,263 as of September 30, 2025, compared to 9,303 as of June 30, 2025.

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

Income taxes

For the third quarter of 2025, the Corporation recorded an income tax expense of $36.0 million, compared to an income tax expense of $47.9 million for the previous quarter. The lower income tax expense of $11.9 million is mainly driven by lower income before tax and higher income that is exempt or subject to a preferential tax rate.

The effective tax rate (“ETR”) for the third quarter of 2025 was 14.5%, compared to 18.5% for the previous quarter. The ETR of the Corporation is impacted by the composition source of its taxable income and tax credit activities.

Upon an amendment to the Puerto Rico internal revenue code during the third quarter of 2025, the Corporation elected to treat certain single members LLCs as disregarded entities, as allowed by this amendment, on its 2024 corporate income tax return filed subsequent to the quarter end in October. It is expected that this election will lower our income tax expense by approximately $7.7 million during the fourth quarter of 2025, essentially reversing the year’s income tax expense related to this matter. We expect the ETR for the fourth quarter of 2025 to be within a range of 14% - 16% and within a range from 16% - 18% for the year 2025.

7

Credit Quality

During the third quarter of 2025, the Corporation’s credit quality metrics were affected by two significant unrelated commercial exposures, resulting in a $188.4 million increase in NPLs and $13.5 million in NCOs tied to these borrowers. These impacts stemmed from issues specific to the individual borrowers and are not indicative of a broader decline in portfolio credit quality.

The first loan classified as NPL is a $158.3 million commercial and industrial facility issued to a telecommunications company in Puerto Rico experiencing reduced revenue due to operational challenges following a business acquisition and client attrition. The second loan classified as NPL is a $30.1 million commercial real estate facility, following a $13.5 million charge-off during the quarter, and is secured by a hotel property in Florida.

Excluding these cases, credit quality metrics were stable. The Corporation continues to closely monitor the economic landscape and borrower performance, as economic uncertainty remains a key consideration. Management believes that the improvements in risk management practices over recent years and the overall credit risk profile of the loan portfolio position the Corporation to continue to operate successfully in the current environment.

The following presents credit quality results for the third quarter of 2025:

Non-Performing Loans and Net Charge Offs

Total NPLs increased by $190.6 million to $502.2 million compared to the previous quarter. Excluding consumer loans, inflows of NPLs held-in-portfolio increased by $205.4 million in the third quarter of 2025. The ratio of NPLs to total loans held in the portfolio was 1.30% for the third quarter of 2025, compared to 0.82% for the previous quarter. NPLs variances per reporting segment include:

• In the BPPR segment, NPLs increased by $195.7 million, primarily due to the classification of two<br>significant commercial exposures with book values of $158.3 million and $30.1 million as NPLs. These classifications are attributable to borrower specific circumstances and management believes they are not a reflection of the broader<br>credit quality within the portfolio. Excluding consumer loans, inflows to NPLs in the BPPR segment increased by $209.5 million compared to the previous quarter, largely driven by the previously mentioned commercial exposures.<br>
• In the PB segment, NPLs decreased by $5.1 million driven by lower commercial NPLs by $4.9 million.<br>Inflows to NPLs, excluding consumer loans, decreased by $4.1 million quarter-over-quarter, mainly related to commercial loans.
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Total NCOs of $57.8 million increased by $15.6 million when compared to the second quarter of 2025. The Corporation’s ratio of annualized NCOs to average loans held-in-portfolio for the third quarter was 0.60%, compared to 0.45% in the second quarter of 2025.

NCOs variances per reporting segment include:

• In the BPPR segment, NCOs increased by $16.4 million, mostly due to a $13.5 million charge-off related to the $30.1 million commercial NPL inflow referenced above. Consumer NCOs increased by $3.7 million, mostly due to higher auto loans NCOs by $5.5 million, while the credit cards<br>NCOs decreased by $2.0 million.
• In the PB segment, NCOs decreased by $0.8 million, mostly due to lower consumer NCOs.
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Including other real estate owned (“OREO”) assets of $43.0 million, non-performing assets (“NPAs”) for the Corporation amounted to $545.2 million, an increase of $187.4 million during the period, driven by the increase in NPLs, as previously discussed, partially offset by a net reduction of $3.2 million in OREO assets, mainly due to the sale of residential properties at the BPPR segment, at a net gain.

8

Allowance for Credit Losses and Provision for Credit Losses

The ACL as of September 30, 2025 amounted to $786.2 million, an increase of $16.7 million when compared to the second quarter of 2025. The increase in ACL was primarily due to a specific reserve recognized for the $158.3 million commercial NPL inflow, partially offset by improvements in the credit quality of the consumer portfolio, as further described below.

In the BPPR segment, the ACL increased by $16.1 million when compared to the previous quarter, mostly due to a $25.6 million increase in the reserves for commercial loans driven by the aforementioned NPL inflow, higher loan balances, and changes in macroeconomic scenarios. The ACL for mortgage loans increased by $2.6 million mostly due to changes in the macroeconomic scenarios. These increases were partially offset by a $11.6 million reduction in the reserves for consumer loans, mainly in the auto loans and credit card portfolios, reflecting improvements in credit quality. In the Popular U.S. segment, the ACL remained stable, increasing by $0.6 million from the previous quarter.

The Corporation’s ratio of the ACL to loans held-in-portfolio was 2.03% in the third quarter of 2025, compared to 2.02% in the previous quarter. The ratio of the ACL to NPLs held-in-portfolio decreased to 156.6%, from 246.9% in the previous quarter, mainly due to the impact of the two commercial exposures previously mentioned.

The provision for loan losses for the loan and lease portfolios for the third quarter of 2025 was $74.5 million, an increase of $25.0 million when compared to $49.5 million in the previous quarter. The provision for loan losses for the BPPR segment amounted to $72.6 million, compared to $43.2 million in the previous quarter. This increase was mainly driven by higher provision expenses for commercial loans, due to the impact of the above-mentioned large commercial exposures entering NPL status, partially offset by a lower provision for the consumer loan portfolio. The provision for loan losses for the PB segment amounted to $1.9 million, compared to $6.4 million in the prior quarter. The reduction in provision expense occurred mainly within the commercial loan portfolio.

The provision for credit losses for the third quarter of $75.1 million includes the provision for loan and lease losses, along with the $0.8 million reserve related to unfunded loan commitments and the $0.2 million reserve release for the Corporation’s investment portfolio.

Refer toTable 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.

9

Non-Performing Assets

(Unaudited)
(In thousands) 30-Sep-25 30-Jun-25 30-Sep-24
Non-performing loans held-in-portfolio $ 502,202 $ 311,625 $ 361,398
Other real estate owned 42,950 46,126 63,028
Total non-performing assets $ 545,152 $ 357,751 $ 424,426
Net charge-offs for the quarter $ 57,788 $ 42,202 $ 58,529
Ratios:
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Loans<br>held-in-portfolio $ 38,687,158 $ 38,185,178 $ 36,194,967
Non-performing loans held-in-portfolio to loans held-in-portfolio 1.30 % 0.82 % 1.00 %
Allowance for credit losses to loans held-in-portfolio 2.03 2.02 2.06
Allowance for credit losses to non-performing loans,<br>excluding loans held-for-sale 156.55 246.93 205.96

Refer to Table L for additional information.

Provision for Credit Losses (Benefit)- Loan Portfolios

(Unaudited) Quarters ended Nine months ended
(In thousands) 30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24
Provision for credit losses (benefit) - loan portfolios:
BPPR $ 72,639 $ 43,150 $ 77,147 $ 168,479 $ 186,740
Popular U.S. 1,878 6,389 (4,378 ) 20,795 2,572
Total provision for credit losses (benefit) - loan portfolios $ 74,517 $ 49,539 $ 72,769 $ 189,274 $ 189,312

Credit Quality by Segment

(Unaudited)
(Dollars in thousands) Quarters ended
BPPR 30-Sep-25 30-Jun-25 30-Sep-24
Provision for credit losses - loan portfolios $ 72,639 $ 43,150 $ 77,147
Net charge-offs 56,539 40,164 54,581
Total non-performing loans<br>held-in-portfolio 453,369 257,648 288,815
Annualized net charge-offs to average loans held-in-portfolio 0.84 % 0.61 % 0.86 %
Allowance / loans<br>held-in-portfolio 2.56 % 2.53 % 2.59 %
Allowance / non-performing loans held-in-portfolio 153.38 % 263.63 % 230.66 %
Quarters ended
Popular U.S. 30-Sep-25 30-Jun-25 30-Sep-24
Provision for credit losses (benefit) - loan portfolios $ 1,878 $ 6,389 $ (4,378 )
Net charge-offs 1,249 2,038 3,948
Total non-performing loans<br>held-in-portfolio 48,833 53,977 72,583
Annualized net charge-offs to average loans held-in-portfolio 0.04 % 0.07 % 0.15 %
Allowance / loans<br>held-in-portfolio 0.79 % 0.79 % 0.75 %
Allowance / non-performing loans held-in-portfolio 186.07 % 167.17 % 107.66 %

10

Financial Condition Highlights

(Unaudited)
(In thousands) 30-Sep-25 30-Jun-25 30-Sep-24
Cash and money market investments $ 5,131,470 $ 6,741,417 $ 6,958,382
Investment securities 28,371,673 28,283,970 25,280,451
Loans 38,687,158 38,185,178 36,194,967
Total assets 75,065,798 76,065,090 71,323,074
Deposits 66,513,404 67,217,491 63,668,501
Borrowings 1,246,807 1,414,494 973,736
Total liabilities 68,950,126 70,111,072 65,532,560
Stockholders’ equity 6,115,672 5,954,018 5,790,514

11

Total assets amounted to $75.1 billion at September 30, 2025, a decrease of $1.0 billion from the second quarter of 2025, driven by:

• a decrease in money market investments of $1.6 billion, mainly driven by lower deposits, loan origination<br>activity and the purchase of investments in U.S. Treasury securities; and
• a decrease in securities<br>held-to-maturity (“HTM”) of $108.6 million, driven by maturities and principal paydowns, partially offset by the amortization of $47.2 million of<br>the discount related to U.S. Treasury securities previously reclassified from available-for-sale (“AFS”) to HTM;
--- ---

partially offset by:

• an increase in loans<br>held-in-portfolio by $502.0 million, driven by an increase of $356.8 million in the BPPR segment across most portfolios, particularly commercial, and mortgage<br>loans, coupled with an increase of $145.2 million in the PB segment, mainly due to commercial and construction loans; and
• an increase in AFS securities of $196.2 million, driven by an increase in investments in U.S. Treasury<br>securities and a decrease in the unrealized losses of $105.9 million, partially offset by maturities and principal paydowns, mainly in mortgage-backed securities.
--- ---

Total liabilities decreased by $1.2 billion from the second quarter of 2025, driven by:

• a decrease of $704.1 million in deposits, primarily driven by a decrease in P.R. public deposits of<br>approximately $841.9 million, mainly due to annual contributions to the government’s pension reserve and debt service payments, and lower demand deposits by $240.6 million, mainly commercial deposits, partially offset by an increase<br>in retail deposits of $185.4 million, primarily at BPPR, and an increase in high-cost deposits of $193.0 million, mainly at PB; P.R. public deposits totaled $20.1 billion and represented 30% of the Corporation’s total deposit<br>portfolio at September 30, 2025;
• a decrease in other liabilities of $289.2 million, mainly due to lower unsettled U.S. Treasury securities<br>purchases; and
--- ---
• a decrease in other short-term borrowings of $150.0 million due to lower FHLB advances in PB.<br>
--- ---

Stockholders’ equity increased by $161.7 million when compared to the second quarter of 2025 mainly due to the quarter’s net income of $211.3 million, a decrease in net unrealized losses in the portfolio of AFS securities of $94.7 million and the amortization of unrealized losses from securities previously reclassified to HTM of $37.8 million, net of tax, partially offset by an increase in Treasury Stock of $119.1 million, mainly due to common stock repurchases during the quarter, common and preferred dividends declared during the quarter of $50.7 million, and an unfavorable variance in foreign currency translation adjustments of $14.5 million from investments accounted for under the equity method.

During the quarter and nine months ended September 30, 2025, Popular repurchased 1,000,862 shares of common stock for $119.4 million at an average price of $119.33, per share, and 3,407,821 shares of common stock for $353.7 million at an average price of $103.78, per share, respectively, as part of the 2024 and 2025 common stock repurchase programs previously announced. As of September 30, 2025, $429.0 million remained available for stock repurchase under the active repurchase authorization.

The Corporation is in the process of completing its annual goodwill impairment test, using July 31, 2025, as the evaluation date. During the third quarter of 2025, an impairment charge of $13.0 million related to our U.S. based equipment leasing subsidiary was recognized. The Corporation expects to finalize its goodwill evaluation prior to the filing of its Form 10-Q for the quarter ended September 30, 2025, with the Securities and Exchange Commission. Any further impairment of goodwill would result in a non-cash expense, net of tax impact. A charge to earnings related to goodwill impairment would not materially impact regulatory capital and tangible capital calculations.

12

Common Equity Tier 1 ratio (“CET1”), common equity per share and tangible book value per share were 15.79%, $91.00 and $79.12, respectively, at September 30, 2025, compared to 15.91%, $87.31 and $75.41, respectively, at June 30, 2025.

Refer to Table A for capital ratios.

Cautionary NoteRegarding 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, imposition of additional or special FDIC assessments, or increases thereto, changes to regulatory capital, liquidity and resolution-related requirements applicable to financial institutions in response to recent developments affecting the banking sector, the impact of bank failures or adverse developments at other banks and related negative media coverage of the banking industry in general on investor and depositor sentiment regarding the stability and liquidity of banks, the impact of the current or any future U.S. government shutdown and changes in and uncertainty regarding federal funding, tax and trade policies, and rulemaking, supervision, examination and enforcement priorities of the federal administration. All statements contained herein that are not clearly historical in nature, are forward-looking, and the words “anticipate,” “believe,” “continues,” “expect,” “estimate,” “intend,” “project” and similar expressions, and future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” “may” or similar expressions, are generally intended to identify forward-looking statements.

More information on the risks and important factors that could affect the Corporation’s future results and financial condition is included in our Form 10-K for the year ended December 31, 2024, our Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025, and our Form 10-Q for the quarter ended September 30, 2025 to be filed with the Securities and Exchange Commission. Our filings are available on the Corporation’s website (www.popular.com) and on the Securities and Exchange Commission website (www.sec.gov). The Corporation assumes no obligation to update or revise any forward-looking statements or information which speak as of their respective dates.

About Popular, Inc.

Popular, Inc. (NASDAQ: BPOP) is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. and British Virgin Islands, as well as auto and equipment leasing and financing in Puerto Rico. Popular also offers broker-dealer and insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.

13

Conference Call

Popular will hold a conference call to discuss its financial results today, Thursday, October 23, 2025 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.

Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number 1-833-470-1428 (Toll Free) or 1-646-844-6383 (Local). The dial-in access code is 828640.

A replay of the webcast will be archived in Popular’s website. A telephone replay will be available one hour after the end of the conference call through Saturday, November 22, 2025, 11:59 p.m. Eastern Time. The replay dial in is: 1-866-813-9403 or 1-929-458-6194. The replay passcode is 785813.

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

14

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

Table A - Selected Ratios and Other Information

Table B - Consolidated Statement of Operations

Table C - Consolidated Statement of Financial Condition

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

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

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

Table G - Mortgage Banking Activities and Other Service Fees

Table H - Consolidated Loans and Deposits

Table I - Loan Delinquency - BPPR Operations

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

Table K - Loan Delinquency - Consolidated

Table L - Non-Performing Assets

Table M - Activity in Non-Performing Loans

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

Table O - Allowance for Credit Losses “ACL” - Loan Portfolios - BPPR Operations

Table P - Allowance for Credit Losses “ACL” - Loan Portfolios - Popular U.S. Operations

Table Q - Allowance for Credit Losses “ACL” - Loan Portfolios - Consolidated

Table R - Reconciliation to GAAP Financial Measures

15

POPULAR, INC.

Financial Supplement to Third Quarter 2025 Earnings Release

Table A - Selected Ratios and Other Information

(Unaudited)

Quarters ended Nine months ended
30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24
Basic EPS $ 3.15 $ 3.09 $ 2.16 $ 8.78 $ 6.06
Diluted EPS $ 3.14 $ 3.09 $ 2.16 $ 8.78 $ 6.05
Average common shares outstanding 67,058,260 68,050,361 71,807,136 68,121,447 71,882,273
Average common shares outstanding - assuming dilution 67,095,421 68,079,649 71,828,402 68,143,888 71,912,153
Common shares outstanding at end of period 66,959,866 67,937,468 71,787,349 66,959,866 71,787,349
Market value per common share $ 129.10 $ 110.21 $ 100.27 $ 129.10 $ 100.27
Market capitalization - (In millions) $ 8,645 $ 7,487 $ 7,198 $ 8,645 $ 7,198
Return on average assets 1.09 % 1.11 % 0.84 % 1.06 % 0.79 %
Return on average common equity 11.60 % 11.77 % 8.82 % 11.15 % 8.43 %
Net interest margin (non-taxable equivalent<br>basis) 3.51 % 3.49 % 3.24 % 3.46 % 3.20 %
Net interest margin (taxable equivalent basis) -non-GAAP 3.90 % 3.85 % 3.47 % 3.83 % 3.44 %
Common equity per share $ 91.00 $ 87.31 $ 80.35 $ 91.00 $ 80.35
Tangible common book value per common share (non-GAAP)<br>[1] $ 79.12 $ 75.41 $ 69.04 $ 79.12 $ 69.04
Tangible common equity to tangible assets (non-GAAP)<br>[1] 7.13 % 6.81 % 7.03 % 7.13 % 7.03 %
Return on average tangible common equity [1] 13.06 % 13.26 % 9.98 % 12.57 % 9.56 %
Tier 1 capital 15.84 % 15.96 % 16.48 % 15.84 % 16.48 %
Total capital 17.58 % 17.70 % 18.24 % 17.58 % 18.24 %
Tier 1 leverage 8.48 % 8.51 % 8.67 % 8.48 % 8.67 %
Common Equity Tier 1 capital 15.79 % 15.91 % 16.42 % 15.79 % 16.42 %
[1] Refer to Table R for reconciliation to GAAP financial measures.
--- ---

16

POPULAR, INC.

Financial Supplement to Third Quarter 2025 Earnings Release

Table B - Consolidated Statement of Operations

(Unaudited)

Quarters ended Variance Quarter ended Variance Nine months ended
Q3 2025 Q3 2025
(In thousands, except per share information) 30-Sep-25 30-Jun-25 vs. Q2 2025 30-Sep-24 vs. Q3 2024 30-Sep-25 30-Sep-24
Interest income:
Loans $ 702,039 $ 684,587 $ 17,452 $ 664,731 $ 37,308 $ 2,053,299 $ 1,952,200
Money market investments 66,867 69,532 (2,665 ) 96,061 (29,194 ) 206,565 272,893
Investment securities 197,743 189,753 7,990 176,656 21,087 567,655 528,403
Total interest income 966,649 943,872 22,777 937,448 29,201 2,827,519 2,753,496
Interest expense:
Deposits 303,432 295,058 8,374 350,985 (47,553 ) 896,353 1,020,420
Short-term borrowings 4,616 5,300 (684 ) 1,430 3,186 11,342 3,748
Long-term debt 12,096 11,965 131 12,560 (464 ) 36,173 37,799
Total interest expense 320,144 312,323 7,821 364,975 (44,831 ) 943,868 1,061,967
Net interest income 646,505 631,549 14,956 572,473 74,032 1,883,651 1,691,529
Provision for credit losses 75,125 48,941 26,184 71,448 3,677 188,147 190,840
Net interest income after provision for credit losses 571,380 582,608 (11,228 ) 501,025 70,355 1,695,504 1,500,689
Service charges on deposit accounts 39,077 38,826 251 38,315 762 116,957 113,283
Other service fees 101,376 100,522 854 98,748 2,628 296,406 289,883
Mortgage banking activities 2,771 4,872 (2,101 ) 2,670 101 11,332 12,753
Net gain (loss), including impairment, on equity securities 2,197 1,862 335 (546 ) 2,743 3,645 876
Net gain on trading account debt securities 398 538 (140 ) 817 (419 ) 1,456 1,455
Adjustments to indemnity reserves on loans sold 36 120 (84 ) 808 (772 ) 329 783
Other operating income 25,340 21,737 3,603 23,270 2,070 61,608 75,173
Total non-interest income 171,195 168,477 2,718 164,082 7,113 491,733 494,206
Operating expenses:
Personnel costs
Salaries 139,350 132,752 6,598 135,983 3,367 403,052 394,001
Commissions, incentives and other bonuses 35,309 40,551 (5,242 ) 26,350 8,959 113,846 95,587
Profit sharing 13,000 13,000 — — 13,000 26,000 —
Pension, postretirement and medical insurance 18,749 18,458 291 16,387 2,362 51,773 50,391
Other personnel costs, including payroll taxes 26,580 24,594 1,986 23,136 3,444 80,385 74,678
Total personnel costs 232,988 229,355 3,633 201,856 31,132 675,056 614,657
Net occupancy expenses 26,083 29,140 (3,057 ) 28,031 (1,948 ) 82,441 83,764
Equipment expenses 5,313 5,789 (476 ) 9,349 (4,036 ) 16,404 28,578
Other taxes 17,967 18,632 (665 ) 17,757 210 55,324 47,465
Professional fees 25,808 28,108 (2,300 ) 26,708 (900 ) 80,741 93,370
Technology and software expenses 87,117 84,696 2,421 88,452 (1,335 ) 255,481 247,666
Processing and transactional services
Credit and debit cards 14,728 13,044 1,684 11,761 2,967 40,698 37,644
Other processing and transactional services 23,680 24,817 (1,137 ) 22,559 1,121 73,352 69,966
Total processing and transactional services 38,408 37,861 547 34,320 4,088 114,050 107,610
Communications 4,836 5,010 (174 ) 5,229 (393 ) 14,750 14,143
Business promotion
Rewards and customer loyalty programs 17,656 18,047 (391 ) 16,533 1,123 52,068 46,995
Other business promotion 9,648 8,338 1,310 9,104 544 25,296 25,080
Total business promotion 27,304 26,385 919 25,637 1,667 77,364 72,075
Deposit insurance 10,873 9,407 1,466 10,433 440 30,315 44,901
Other real estate owned (OREO) expense (income) (3,408 ) (4,124 ) 716 (2,674 ) (734 ) (10,862 ) (13,745 )
Other operating expenses
Operational losses 1,634 6,185 (4,551 ) 5,769 (4,135 ) 13,957 21,153
All other 6,980 15,932 (8,952 ) 15,750 (8,770 ) 39,673 56,140
Total other operating expenses 8,614 22,117 (13,503 ) 21,519 (12,905 ) 53,630 77,293
Amortization of intangibles 384 385 (1 ) 704 (320 ) 1,366 2,233
Goodwill impairment 13,000 — 13,000 — 13,000 13,000 —
Total operating expenses 495,287 492,761 2,526 467,321 27,966 1,459,060 1,420,010
Income before income tax 247,288 258,324 (11,036 ) 197,786 49,502 728,177 574,885
Income tax expense 35,971 47,884 (11,913 ) 42,463 (6,492 ) 128,918 138,490
Net income $ 211,317 $ 210,440 $ 877 $ 155,323 $ 55,994 $ 599,259 $ 436,395
Net income applicable to common stock $ 210,964 $ 210,087 $ 877 $ 154,970 $ 55,994 $ 598,200 $ 435,336
Net income per common share - basic $ 3.15 $ 3.09 $ 0.06 $ 2.16 $ 0.99 $ 8.78 $ 6.06
Net income per common share - diluted $ 3.14 $ 3.09 $ 0.05 $ 2.16 $ 0.98 $ 8.78 $ 6.05
Dividends Declared per Common Share $ 0.75 $ 0.70 $ 0.05 $ 0.62 $ 0.13 $ 2.15 $ 1.86

17

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

Table C - Consolidated Statement of Financial Condition

(Unaudited)

Variance
Q3 2025 vs.
(In thousands) 30-Sep-25 30-Jun-25 30-Sep-24 Q2 2025
Assets:
Cash and due from banks $ 377,079 $ 400,631 $ 427,594 $ (23,552 )
Money market investments 4,754,391 6,340,786 6,530,788 (1,586,395 )
Trading account debt securities, at fair value 33,122 29,643 30,843 3,479
Debt securities<br>available-for-sale, at fair value 20,686,423 20,490,212 17,186,123 196,211
Debt securities<br>held-to-maturity, at amortized cost 7,433,135 7,541,724 7,865,294 (108,589 )
Less: Allowance for credit losses 5,837 5,999 5,430 (162 )
Debt securities<br>held-to-maturity, net 7,427,298 7,535,725 7,859,864 (108,427 )
Equity securities 218,993 222,391 198,191 (3,398 )
Loans<br>held-for-sale, at lower of cost or fair value 7,783 2,898 5,509 4,885
Loans<br>held-in-portfolio 39,111,956 38,611,834 36,599,612 500,122
Less: Unearned income 424,798 426,656 404,645 (1,858 )
Allowance for credit losses 786,220 769,485 744,320 16,735
Total loans<br>held-in-portfolio, net 37,900,938 37,415,693 35,450,647 485,245
Premises and equipment, net 679,651 649,191 624,376 30,460
Other real estate 42,950 46,126 63,028 (3,176 )
Accrued income receivable 297,347 274,867 257,406 22,480
Mortgage servicing rights, at fair value 99,523 103,077 108,827 (3,554 )
Other assets 1,744,886 1,745,052 1,767,919 (166 )
Goodwill 789,954 802,954 804,428 (13,000 )
Other intangible assets 5,460 5,844 7,531 (384 )
Total assets $ 75,065,798 $ 76,065,090 $ 71,323,074 $ (999,292 )
Liabilities and Stockholders’ Equity:
Liabilities:
Deposits:
Non-interest bearing $ 14,874,026 $ 15,114,614 $ 15,276,071 $ (240,588 )
Interest bearing 51,639,378 52,102,877 48,392,430 (463,499 )
Total deposits 66,513,404 67,217,491 63,668,501 (704,087 )
Assets sold under agreements to repurchase 56,853 56,043 55,360 810
Other short-term borrowings 400,000 550,000 — (150,000 )
Notes payable 789,954 808,451 918,376 (18,497 )
Other liabilities 1,189,915 1,479,087 890,323 (289,172 )
Total liabilities 68,950,126 70,111,072 65,532,560 (1,160,946 )
Stockholders’ equity:
Preferred stock 22,143 22,143 22,143 —
Common stock 1,049 1,049 1,048 —
Surplus 4,920,767 4,919,950 4,853,869 817
Retained earnings 5,022,546 4,861,958 4,495,878 160,588
Treasury stock (2,574,573 ) (2,455,425 ) (2,069,430 ) (119,148 )
Accumulated other comprehensive loss, net of tax (1,276,260 ) (1,395,657 ) (1,512,994 ) 119,397
Total stockholders’ equity 6,115,672 5,954,018 5,790,514 161,654
Total liabilities and stockholders’ equity $ 75,065,798 $ 76,065,090 $ 71,323,074 $ (999,292 )

18

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

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

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

(Unaudited)

Variance
Average Volume Average Yields / Costs Interest Attributable to
30-Sep-25 30-Jun-25 Variance 30-Sep-25 30-Jun-25 Variance 30-Sep-25 30-Jun-25 Variance Rate Volume
(In millions) (In thousands)
$ 5,990 $ 6,251 $ (261 ) 4.43 % 4.46 % (0.03 )% Money market investments $ 66,867 $ 69,532 $ (2,665 ) $ 246 $ (2,911 )
28,957 28,809 148 3.42 3.29 0.13 Investment securities [1] 249,071 236,372 12,699 10,895 1,804
28 27 1 5.43 5.99 (0.56 ) Trading securities 391 407 (16 ) (35 ) 19
34,975 35,087 (112 ) 3.59 3.50 0.09 Total money market, investment and trading securities 316,329 306,311 10,018 11,106 (1,088 )
Loans:
19,229 18,676 553 6.72 6.73 (0.01 ) Commercial 325,869 313,493 12,376 3,031 9,345
1,549 1,459 90 8.24 8.19 0.05 Construction 32,184 29,806 2,378 526 1,852
1,981 1,963 18 7.26 7.18 0.08 Leasing 35,957 35,249 708 378 330
8,484 8,339 145 5.96 5.89 0.07 Mortgage 126,352 122,873 3,479 1,324 2,155
3,257 3,211 46 13.80 14.00 (0.20 ) Consumer 113,280 112,083 1,197 (476 ) 1,673
3,945 3,937 8 9.15 9.14 0.01 Auto 91,006 89,706 1,300 1,138 162
38,445 37,585 860 7.49 7.50 (0.01 ) Total loans 724,648 703,210 21,438 5,921 15,517
$ 73,420 $ 72,672 $ 748 5.63 % 5.57 % 0.06 % Total earning assets $ 1,040,977 $ 1,009,521 $ 31,456 $ 17,027 $ 14,429
Interest bearing deposits:
$ 8,184 $ 8,062 $ 122 1.77 % 1.71 % 0.06 % NOW and money market $ 36,421 $ 34,288 $ 2,133 $ 967 $ 1,166
14,529 14,605 (76 ) 0.81 0.83 (0.02 ) Savings 29,772 30,378 (606 ) (351 ) (255 )
8,825 8,532 293 3.16 3.15 0.01 Time deposits 70,196 67,032 3,164 728 2,436
20,766 20,333 433 3.19 3.22 (0.03 ) P.R. public deposits 167,043 163,360 3,683 139 3,544
52,304 51,532 772 2.30 2.29 0.01 Total interest bearing deposits 303,432 295,058 8,374 1,483 6,891
14,846 14,825 21 Non-interest bearing demand deposits
67,150 66,357 793 1.79 1.78 0.01 Total deposits 303,432 295,058 8,374 1,483 6,891
405 470 (65 ) 4.52 4.52 — Short-term borrowings 4,616 5,300 (684 ) 62 (746 )
812 832 (20 ) 5.98 5.79 0.19 Other medium and long-term debt 12,096 11,965 131 198 (67 )
53,521 52,834 687 2.37 2.36 0.01 Total interest bearing liabilities (excluding demand deposits) 320,144 312,323 7,821 1,743 6,078
5,053 5,013 40 Other sources of funds
$ 73,420 $ 72,672 $ 748 1.73 % 1.72 % 0.01 % Total source of funds 320,144 312,323 7,821 1,743 6,078
3.90 % 3.85 % 0.05 % Net interest margin/income on a taxable equivalent basis<br>(Non-GAAP) 720,833 697,198 23,635 $ 15,284 $ 8,351
3.26 % 3.21 % 0.05 % Net interest spread
Taxable equivalent adjustment 74,328 65,649 8,679
3.51 % 3.49 % 0.02 % Net interest margin/income non-taxable equivalent basis<br>(GAAP) $ 646,505 $ 631,549 $ 14,956

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.

19

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

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

For the quarters ended September 30, 2025 and September 30, 2024

(Unaudited)

Variance
Average Volume Average Yields / Costs Interest Attributable to
30-Sep-25 30-Sep-24 Variance 30-Sep-25 30-Sep-24 Variance 30-Sep-25 30-Sep-24 Variance Rate Volume
(In millions) (In thousands)
$ 5,990 $ 7,033 $ (1,043 ) 4.43 % 5.43 % (1.00 )% Money market investments $ 66,867 $ 96,061 $ (29,194 ) $ (16,107 ) $ (13,087 )
28,957 27,569 1,388 3.42 2.92 0.50 Investment securities [1] 249,071 202,317 46,754 32,970 13,784
28 30 (2 ) 5.43 5.87 (0.44 ) Trading securities 391 436 (45 ) (31 ) (14 )
34,975 34,632 343 3.59 3.43 0.16 Total money market, investment and trading securities 316,329 298,814 17,515 16,832 683
Loans:
19,229 17,798 1,431 6.72 6.90 (0.18 ) Commercial 325,869 308,734 17,135 (7,239 ) 24,374
1,549 1,129 420 8.24 8.85 (0.61 ) Construction 32,184 25,102 7,082 (1,732 ) 8,814
1,981 1,851 130 7.26 6.97 0.29 Leasing 35,957 32,241 3,716 1,378 2,338
8,484 7,911 573 5.96 5.73 0.23 Mortgage 126,352 113,409 12,943 4,523 8,420
3,257 3,211 46 13.80 14.08 (0.28 ) Consumer 113,280 112,423 857 (787 ) 1,644
3,945 3,879 66 9.15 8.94 0.21 Auto 91,006 87,189 3,817 2,338 1,479
38,445 35,779 2,666 7.49 7.56 (0.07 ) Total loans 724,648 679,098 45,550 (1,519 ) 47,069
$ 73,420 $ 70,411 $ 3,009 5.63 % 5.53 % 0.10 % Total earning assets $ 1,040,977 $ 977,912 $ 63,065 $ 15,313 $ 47,752
Interest bearing deposits:
$ 8,184 $ 7,387 $ 797 1.77 % 2.04 % (0.27 )% NOW and money market $ 36,421 $ 37,857 $ (1,436 ) $ (4,891 ) $ 3,455
14,529 14,318 211 0.81 0.92 (0.11 ) Savings 29,772 33,134 (3,362 ) (3,981 ) 619
8,825 8,366 459 3.16 3.45 (0.29 ) Time deposits 70,196 72,503 (2,307 ) (6,096 ) 3,789
20,766 19,468 1,298 3.19 4.24 (1.05 ) P.R. public deposits 167,043 207,491 (40,448 ) (52,899 ) 12,451
52,304 49,539 2,765 2.30 2.82 (0.52 ) Total interest bearing deposits 303,432 350,985 (47,553 ) (67,867 ) 20,314
14,846 14,968 (122 ) Non-interest bearing demand deposits
67,150 64,507 2,643 1.79 2.16 (0.37 ) Total deposits 303,432 350,985 (47,553 ) (67,867 ) 20,314
405 101 304 4.52 5.62 (1.10 ) Short-term borrowings 4,616 1,431 3,185 (267 ) 3,452
812 950 (138 ) 5.98 5.32 0.66 Other medium and long-term debt 12,096 12,560 (464 ) 226 (690 )
53,521 50,590 2,931 2.37 2.87 (0.50 ) Total interest bearing liabilities (excluding demand deposits) 320,144 364,976 (44,832 ) (67,908 ) 23,076
5,053 4,853 200 Other sources of funds
$ 73,420 $ 70,411 $ 3,009 1.73 % 2.06 % (0.33 )% Total source of funds 320,144 364,976 (44,832 ) (67,908 ) 23,076
3.90 % 3.47 % 0.43 % Net interest margin/income on a taxable equivalent basis<br>(Non-GAAP) 720,833 612,936 107,897 $ 83,221 $ 24,676
3.26 % 2.66 % 0.60 % Net interest spread
Taxable equivalent adjustment 74,328 40,464 33,864
3.51 % 3.24 % 0.27 % Net interest margin/income non-taxable equivalent basis<br>(GAAP) $ 646,505 $ 572,472 $ 74,033

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.

20

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

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

(Unaudited)

Variance
Average Volume Average Yields / Costs Interest Attributable to
30-Sep-25 30-Sep-24 Variance 30-Sep-25 30-Sep-24 Variance 30-Sep-25 30-Sep-24 Variance Rate Volume
(In millions) (In thousands)
$ 6,205 $ 6,664 $ (459 ) 4.45 % 5.47 % (1.02 )% Money market investments $ 206,565 $ 272,893 $ (66,328 ) $ (48,483 ) $ (17,845 )
28,729 28,271 458 3.28 2.88 0.40 Investment securities [1] 705,879 610,342 95,537 79,280 16,257
29 30 (1 ) 5.74 5.02 0.72 Trading securities 1,237 1,114 123 155 (32 )
34,963 34,965 (2 ) 3.49 3.38 0.11 Total money market, investment and trading securities 913,681 884,349 29,332 30,952 (1,620 )
Loans:
18,802 17,707 1,095 6.72 6.87 (0.15 ) Commercial 945,330 910,241 35,089 (20,306 ) 55,395
1,440 1,064 376 8.19 8.97 (0.78 ) Construction 88,179 71,426 16,753 (6,722 ) 23,475
1,961 1,794 167 7.18 6.86 0.32 Leasing 105,650 92,292 13,358 4,501 8,857
8,331 7,818 513 5.89 5.67 0.22 Mortgage 368,141 332,626 35,515 13,125 22,390
3,224 3,209 15 14.10 13.94 0.16 Consumer 339,880 334,818 5,062 3,058 2,004
3,935 3,820 115 9.00 8.86 0.14 Auto 264,905 253,511 11,394 3,760 7,634
37,693 35,412 2,281 7.49 7.52 (0.03 ) Total loans 2,112,085 1,994,914 117,171 (2,584 ) 119,755
$ 72,656 $ 70,377 $ 2,279 5.57 % 5.46 % 0.11 % Total earning assets $ 3,025,766 $ 2,879,263 $ 146,503 $ 28,368 $ 118,135
Interest bearing deposits:
$ 8,077 $ 7,558 $ 519 1.73 % 2.00 % (0.27 )% NOW and money market $ 104,711 $ 113,405 $ (8,694 ) $ (14,883 ) $ 6,189
14,547 14,579 (32 ) 0.84 0.93 (0.09 ) Savings 91,430 101,008 (9,578 ) (9,213 ) (365 )
8,587 8,142 445 3.17 3.35 (0.18 ) Time deposits 203,909 204,014 (105 ) (11,631 ) 11,526
20,464 19,168 1,296 3.24 4.20 (0.96 ) P.R public deposits 496,303 601,993 (105,690 ) (144,853 ) 39,163
51,675 49,447 2,228 2.32 2.76 (0.44 ) Total interest bearing deposits 896,353 1,020,420 (124,067 ) (180,580 ) 56,513
14,778 15,075 (297 ) Non-interest bearing demand deposits
66,453 64,522 1,931 1.80 2.11 (0.31 ) Total deposits 896,353 1,020,420 (124,067 ) (180,580 ) 56,513
333 89 244 4.55 5.65 (1.10 ) Short-term borrowings 11,342 3,749 7,593 (669 ) 8,262
835 975 (140 ) 5.79 5.18 0.61 Other medium and long-term debt 36,173 37,799 (1,626 ) 3,875 (5,501 )
52,843 50,511 2,332 2.39 2.81 (0.42 ) Total interest bearing liabilities (excluding demand deposits) 943,868 1,061,968 (118,100 ) (177,374 ) 59,274
5,035 4,791 244 Other sources of funds
$ 72,656 $ 70,377 $ 2,279 1.74 % 2.02 % (0.28 )% Total source of funds 943,868 1,061,968 (118,100 ) (177,374 ) 59,274
3.83 % 3.44 % 0.39 % Net interest margin/income on a taxable equivalent basis<br>(Non-GAAP) 2,081,898 1,817,295 264,603 $ 205,742 $ 58,861
3.18 % 2.65 % 0.53 % Net interest spread
Taxable equivalent adjustment 198,247 125,766 72,481
3.46 % 3.20 % 0.26 % Net interest margin/income non-taxable equivalent basis<br>(GAAP) $ 1,883,651 $ 1,691,529 $ 192,122

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.

21

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

Table G - Mortgage Banking Activities and Other Service Fees

(Unaudited)

Mortgage Banking Activities

Quarters ended Variance Nine months ended Variance
(In thousands) 30-Sep-25 30-Jun-25 30-Sep-24 Q3 2025<br>vs.Q2 2025 Q3 2025<br>vs.Q3 2024 30-Sep-25 30-Sep-24 2025 vs.<br>2024
Mortgage servicing fees, net of fair value adjustments:
Mortgage servicing fees $ 6,744 $ 6,912 $ 7,559 $ (168 ) $ (815 ) $ 20,824 $ 22,912 $ (2,088 )
Mortgage servicing rights fair value adjustments (3,835 ) (1,954 ) (4,896 ) (1,881 ) 1,061 (9,359 ) (10,280 ) 921
Total mortgage servicing fees, net of fair value adjustments 2,909 4,958 2,663 (2,049 ) 246 11,465 12,632 (1,167 )
Net (loss) gain on sale of loans, including valuation on loans held-for-sale (53 ) (37 ) 320 (16 ) (373 ) 103 396 (293 )
Trading account loss:
Unrealized gains (losses) on outstanding derivative positions 51 (8 ) (44 ) 59 95 (44 ) 113 (157 )
Realized losses on closed derivative positions (122 ) (10 ) (261 ) (112 ) 139 (131 ) (249 ) 118
Total trading account loss (71 ) (18 ) (305 ) (53 ) 234 (175 ) (136 ) (39 )
Losses on repurchased loans, including interest advances (14 ) (31 ) (8 ) 17 (6 ) (61 ) (139 ) 78
Total mortgage banking activities $ 2,771 $ 4,872 $ 2,670 $ (2,101 ) $ 101 $ 11,332 $ 12,753 $ (1,421 )

Other Service Fees

Quarters ended Variance Nine months ended Variance
(In thousands) 30-Sep-25 30-Jun-25 30-Sep-24 Q3 2025<br>vs.Q2 2025 Q3 2025<br>vs.Q3 2024 30-Sep-25 30-Sep-24 2025 vs.<br>2024
Other service fees:
Debit card fees $ 28,084 $ 27,918 $ 26,197 $ 166 $ 1,887 $ 82,434 $ 78,907 $ 3,527
Insurance fees 12,995 12,695 15,422 300 (2,427 ) 36,999 43,479 (6,480 )
Credit card fees 32,668 32,502 31,262 166 1,406 95,300 91,577 3,723
Sale and administration of investment products 9,459 9,058 8,387 401 1,072 27,490 23,664 3,826
Trust fees 6,998 6,626 6,715 372 283 19,924 20,044 (120 )
Other fees 11,172 11,723 10,765 (551 ) 407 34,259 32,212 2,047
Total other service fees $ 101,376 $ 100,522 $ 98,748 $ 854 $ 2,628 $ 296,406 $ 289,883 $ 6,523

22

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

Table H - Consolidated Loans and Deposits

(Unaudited)

Loans - Ending Balances

Variance
(Dollars in thousands) 30-Sep-25 30-Jun-25 30-Sep-24 Q3 2025 vs.Q2<br>2025 % of Change Q3 2025 vs.Q3<br>2024 % of Change
Loans<br>held-in-portfolio:
Commercial
Commercial multi-family $ 2,489,589 $ 2,520,789 $ 2,405,302 $ (31,200 ) (1.24 %) $ 84,287 3.50 %
Commercial real estate non-owner occupied 5,462,580 5,521,374 5,185,381 (58,794 ) (1.06 %) 277,199 5.35 %
Commercial real estate owner occupied 3,090,724 3,003,855 3,092,393 86,869 2.89 % (1,669 ) (0.05 %)
Commercial and industrial 8,245,639 8,043,752 7,400,553 201,887 2.51 % 845,086 11.42 %
Total Commercial 19,288,532 19,089,770 18,083,629 198,762 1.04 % 1,204,903 6.66 %
Construction 1,604,612 1,468,201 1,113,307 136,411 9.29 % 491,305 44.13 %
Mortgage 8,558,408 8,444,427 7,993,348 113,981 1.35 % 565,060 7.07 %
Leasing 1,998,651 1,983,068 1,887,052 15,583 0.79 % 111,599 5.91 %
Consumer
Credit cards 1,225,567 1,215,293 1,186,893 10,274 0.85 % 38,674 3.26 %
Home equity lines of credit 78,890 77,479 69,691 1,411 1.82 % 9,199 13.20 %
Personal 1,900,325 1,876,463 1,873,175 23,862 1.27 % 27,150 1.45 %
Auto 3,850,953 3,861,702 3,818,607 (10,749 ) (0.28 %) 32,346 0.85 %
Other 181,220 168,775 169,265 12,445 7.37 % 11,955 7.06 %
Total Consumer 7,236,955 7,199,712 7,117,631 37,243 0.52 % 119,324 1.68 %
Total loans<br>held-in-portfolio $ 38,687,158 $ 38,185,178 $ 36,194,967 $ 501,980 1.31 % $ 2,492,191 6.89 %
Loans<br>held-for-sale:
Mortgage $ 7,783 $ 2,898 $ 5,509 $ 4,885 168.56 % $ 2,274 41.28 %
Total loans<br>held-for-sale $ 7,783 $ 2,898 $ 5,509 $ 4,885 168.56 % $ 2,274 41.28 %
Total loans $ 38,694,941 $ 38,188,076 $ 36,200,476 $ 506,865 1.33 % $ 2,494,465 6.89 %

Deposits - Ending Balances

Variance
(In thousands) 30-Sep-25 30-Jun-25 30-Sep-24 Q3 2025 vs. Q2<br>2025 % of Change Q3 2025 vs.Q3<br>2024 % of Change
Deposits excluding P.R. public deposits:
Demand deposits $ 14,874,026 $ 15,114,614 $ 15,276,071 $ (240,588 ) (1.59 %) $ (402,045 ) (2.63 %)
Savings, NOW and money market deposits<br>(non-brokered) 21,739,958 21,554,606 20,584,328 185,352 0.86 % 1,155,630 5.61 %
Savings, NOW and money market deposits (brokered) 883,471 829,506 735,231 53,965 6.51 % 148,240 20.16 %
Time deposits (non-brokered) 8,014,080 7,938,858 7,363,477 75,222 0.95 % 650,603 8.84 %
Time deposits (brokered CDs) 925,761 861,947 993,522 63,814 7.40 % (67,761 ) (6.82 %)
Sub-total deposits excluding P.R. public deposits 46,437,296 46,299,531 44,952,629 137,765 0.30 % 1,484,667 3.30 %
P.R. public deposits:
Demand deposits [1] 12,487,246 12,376,316 11,088,511 110,930 0.90 % 1,398,735 12.61 %
Savings, NOW and money market deposits<br>(non-brokered) 6,907,309 7,743,663 6,903,370 (836,354 ) (10.80 %) 3,939 0.06 %
Time deposits (non-brokered) 681,553 797,981 723,991 (116,428 ) (14.59 %) (42,438 ) (5.86 %)
Sub-total P.R. public deposits 20,076,108 20,917,960 18,715,872 (841,852 ) (4.02 %) 1,360,236 7.27 %
Total deposits $ 66,513,404 $ 67,217,491 $ 63,668,501 $ (704,087 ) (1.05 %) $ 2,844,903 4.47 %
[1] Includes interest bearing demand deposits.
--- ---

23

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

Table I - Loan Delinquency -BPPR Operations

(Unaudited)

30-Sep-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 $ 1,357 $ 1 $ 174 $ 1,532 $ 300,834 $ 302,366 $ 174 $ —
Commercial real estate:
Non-owner occupied 17,422 292 37,043 54,757 3,247,988 3,302,745 37,043 —
Owner occupied 2,004 152 25,619 27,775 1,167,509 1,195,284 25,619 —
Commercial and industrial 4,237 2,032 178,224 184,493 5,567,505 5,751,998 173,245 4,979
Construction 2,898 1,691 — 4,589 299,364 303,953 — —
Mortgage 252,650 118,092 314,103 684,845 6,548,261 7,233,106 139,958 174,145
Leasing 23,537 5,372 7,747 36,656 1,961,995 1,998,651 7,747 —
Consumer:
Credit cards 13,556 9,917 25,625 49,098 1,176,469 1,225,567 — 25,625
Home equity lines of credit — — — — 1,693 1,693 — —
Personal 19,826 11,353 18,375 49,554 1,773,594 1,823,148 18,375 —
Auto 107,907 21,874 49,432 179,213 3,671,740 3,850,953 49,432 —
Other 2,907 245 2,195 5,347 166,980 172,327 1,776 419
Total $ 448,301 $ 171,021 $ 658,537 $ 1,277,859 $ 25,883,932 $ 27,161,791 $ 453,369 $ 205,168
30-Jun-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 $ 6,337 $ — $ 174 $ 6,511 $ 299,852 $ 306,363 $ 174 $ —
Commercial real estate:
Non-owner occupied 113 1,679 6,084 7,876 3,322,108 3,329,984 6,084 —
Owner occupied 1,087 2,098 27,320 30,505 1,171,601 1,202,106 27,320 —
Commercial and industrial 4,657 2,449 12,652 19,758 5,574,966 5,594,724 8,588 4,064
Construction 3,720 — — 3,720 249,579 253,299 — —
Mortgage 262,525 109,530 324,140 696,195 6,407,811 7,104,006 147,464 176,676
Leasing 23,109 5,629 7,976 36,714 1,946,354 1,983,068 7,976 —
Consumer:
Credit cards 14,184 9,360 25,201 48,745 1,166,545 1,215,290 — 25,201
Home equity lines of credit — — — — 1,809 1,809 — —
Personal 19,022 11,917 17,499 48,438 1,743,772 1,792,210 17,499 —
Auto 102,643 22,404 40,595 165,642 3,696,060 3,861,702 40,595 —
Other 2,500 160 2,212 4,872 155,550 160,422 1,948 264
Total $ 439,897 $ 165,226 $ 463,853 $ 1,068,976 $ 25,736,007 $ 26,804,983 $ 257,648 $ 206,205

24

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 $ (4,980 ) $ 1 $ — $ (4,979 ) $ 982 $ (3,997 ) $ — $ —
Commercial real estate:
Non-owner occupied 17,309 (1,387 ) 30,959 46,881 (74,120 ) (27,239 ) 30,959 —
Owner occupied 917 (1,946 ) (1,701 ) (2,730 ) (4,092 ) (6,822 ) (1,701 ) —
Commercial and industrial (420 ) (417 ) 165,572 164,735 (7,461 ) 157,274 164,657 915
Construction (822 ) 1,691 — 869 49,785 50,654 — —
Mortgage (9,875 ) 8,562 (10,037 ) (11,350 ) 140,450 129,100 (7,506 ) (2,531 )
Leasing 428 (257 ) (229 ) (58 ) 15,641 15,583 (229 ) —
Consumer:
Credit cards (628 ) 557 424 353 9,924 10,277 — 424
Home equity lines of credit — — — — (116 ) (116 ) — —
Personal 804 (564 ) 876 1,116 29,822 30,938 876 —
Auto 5,264 (530 ) 8,837 13,571 (24,320 ) (10,749 ) 8,837 —
Other 407 85 (17 ) 475 11,430 11,905 (172 ) 155
Total $ 8,404 $ 5,795 $ 194,684 $ 208,883 $ 147,925 $ 356,808 $ 195,721 $ (1,037 )

25

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

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

(Unaudited)

30-Sep-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 $ — $ 2,638 $ 8,467 $ 11,105 $ 2,176,118 $ 2,187,223 $ 8,467 $ —
Commercial real estate:
Non-owner occupied 84 — 7,083 7,167 2,152,668 2,159,835 7,083 —
Owner occupied 15,171 217 — 15,388 1,880,052 1,895,440 — —
Commercial and industrial 14,949 — 1,434 16,383 2,477,258 2,493,641 1,246 188
Construction — — — — 1,300,659 1,300,659 — —
Mortgage 1,298 4,988 27,809 34,095 1,291,207 1,325,302 27,809 —
Consumer:
Home equity lines of credit 395 335 3,257 3,987 73,210 77,197 3,257 —
Personal 1,006 990 941 2,937 74,240 77,177 941 —
Other — — 30 30 8,863 8,893 30 —
Total $ 32,903 $ 9,168 $ 49,021 $ 91,092 $ 11,434,275 $ 11,525,367 $ 48,833 $ 188
30-Jun-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 $ — $ 4,675 $ 10,751 $ 15,426 $ 2,199,000 $ 2,214,426 $ 10,751 $ —
Commercial real estate:
Non-owner occupied 1,503 — 7,893 9,396 2,181,994 2,191,390 7,893 —
Owner occupied 10,677 — 231 10,908 1,790,841 1,801,749 231 —
Commercial and industrial 9,235 5,195 3,025 17,455 2,431,573 2,449,028 2,836 189
Construction — — — — 1,214,902 1,214,902 — —
Mortgage 677 3,329 28,052 32,058 1,308,363 1,340,421 28,052 —
Consumer:
Credit cards — — — — 3 3 — —
Home equity lines of credit 845 717 3,120 4,682 70,988 75,670 3,120 —
Personal 1,045 532 1,094 2,671 81,582 84,253 1,094 —
Other 694 1 — 695 7,658 8,353 — —
Total $ 24,676 $ 14,449 $ 54,166 $ 93,291 $ 11,286,904 $ 11,380,195 $ 53,977 $ 189

26

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 $ — $ (2,037 ) $ (2,284 ) $ (4,321 ) $ (22,882 ) $ (27,203 ) $ (2,284 ) $ —
Commercial real estate:
Non-owner occupied (1,419 ) — (810 ) (2,229 ) (29,326 ) (31,555 ) (810 ) —
Owner occupied 4,494 217 (231 ) 4,480 89,211 93,691 (231 ) —
Commercial and industrial 5,714 (5,195 ) (1,591 ) (1,072 ) 45,685 44,613 (1,590 ) (1 )
Construction — — — — 85,757 85,757 — —
Mortgage 621 1,659 (243 ) 2,037 (17,156 ) (15,119 ) (243 ) —
Consumer:
Credit cards — — — — (3 ) (3 ) — —
Home equity lines of credit (450 ) (382 ) 137 (695 ) 2,222 1,527 137 —
Personal (39 ) 458 (153 ) 266 (7,342 ) (7,076 ) (153 ) —
Other (694 ) (1 ) 30 (665 ) 1,205 540 30 —
Total $ 8,227 $ (5,281 ) $ (5,145 ) $ (2,199 ) $ 147,371 $ 145,172 $ (5,144 ) $ (1 )

27

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

Table K - Loan Delinquency - Consolidated

(Unaudited)

30-Sep-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 $ 1,357 $ 2,639 $ 8,641 $ 12,637 $ 2,476,952 $ 2,489,589 $ 8,641 $ —
Commercial real estate:
Non-owner occupied 17,506 292 44,126 61,924 5,400,656 5,462,580 44,126 —
Owner occupied 17,175 369 25,619 43,163 3,047,561 3,090,724 25,619 —
Commercial and industrial 19,186 2,032 179,658 200,876 8,044,763 8,245,639 174,491 5,167
Construction 2,898 1,691 — 4,589 1,600,023 1,604,612 — —
Mortgage 253,948 123,080 341,912 718,940 7,839,468 8,558,408 167,767 174,145
Leasing 23,537 5,372 7,747 36,656 1,961,995 1,998,651 7,747 —
Consumer:
Credit cards 13,556 9,917 25,625 49,098 1,176,469 1,225,567 — 25,625
Home equity lines of credit 395 335 3,257 3,987 74,903 78,890 3,257 —
Personal 20,832 12,343 19,316 52,491 1,847,834 1,900,325 19,316 —
Auto 107,907 21,874 49,432 179,213 3,671,740 3,850,953 49,432 —
Other 2,907 245 2,225 5,377 175,843 181,220 1,806 419
Total $ 481,204 $ 180,189 $ 707,558 $ 1,368,951 $ 37,318,207 $ 38,687,158 $ 502,202 $ 205,356
30-Jun-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 $ 6,337 $ 4,675 $ 10,925 $ 21,937 $ 2,498,852 $ 2,520,789 $ 10,925 $ —
Commercial real estate:
Non-owner occupied 1,616 1,679 13,977 17,272 5,504,102 5,521,374 13,977 —
Owner occupied 11,764 2,098 27,551 41,413 2,962,442 3,003,855 27,551 —
Commercial and industrial 13,892 7,644 15,677 37,213 8,006,539 8,043,752 11,424 4,253
Construction 3,720 — — 3,720 1,464,481 1,468,201 — —
Mortgage 263,202 112,859 352,192 728,253 7,716,174 8,444,427 175,516 176,676
Leasing 23,109 5,629 7,976 36,714 1,946,354 1,983,068 7,976 —
Consumer:
Credit cards 14,184 9,360 25,201 48,745 1,166,548 1,215,293 — 25,201
Home equity lines of credit 845 717 3,120 4,682 72,797 77,479 3,120 —
Personal 20,067 12,449 18,593 51,109 1,825,354 1,876,463 18,593 —
Auto 102,643 22,404 40,595 165,642 3,696,060 3,861,702 40,595 —
Other 3,194 161 2,212 5,567 163,208 168,775 1,948 264
Total $ 464,573 $ 179,675 $ 518,019 $ 1,162,267 $ 37,022,911 $ 38,185,178 $ 311,625 $ 206,394

28

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 $ (4,980 ) $ (2,036 ) $ (2,284 ) $ (9,300 ) $ (21,900 ) $ (31,200 ) $ (2,284 ) $ —
Commercial real estate:
Non-owner occupied 15,890 (1,387 ) 30,149 44,652 (103,446 ) (58,794 ) 30,149 —
Owner occupied 5,411 (1,729 ) (1,932 ) 1,750 85,119 86,869 (1,932 ) —
Commercial and industrial 5,294 (5,612 ) 163,981 163,663 38,224 201,887 163,067 914
Construction (822 ) 1,691 — 869 135,542 136,411 — —
Mortgage (9,254 ) 10,221 (10,280 ) (9,313 ) 123,294 113,981 (7,749 ) (2,531 )
Leasing 428 (257 ) (229 ) (58 ) 15,641 15,583 (229 ) —
Consumer:
Credit cards (628 ) 557 424 353 9,921 10,274 — 424
Home equity lines of credit (450 ) (382 ) 137 (695 ) 2,106 1,411 137 —
Personal 765 (106 ) 723 1,382 22,480 23,862 723 —
Auto 5,264 (530 ) 8,837 13,571 (24,320 ) (10,749 ) 8,837 —
Other (287 ) 84 13 (190 ) 12,635 12,445 (142 ) 155
Total $ 16,631 $ 514 $ 189,539 $ 206,684 $ 295,296 $ 501,980 $ 190,577 $ (1,038 )

29

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

Table L - Non-Performing Assets

(Unaudited)

Variance
(Dollars in thousands) 30-Sep-25 As a % of<br>loans HIP by<br>category 30-Jun-25 As a % of<br>loans HIP by<br>category 30-Sep-24 As a % of<br>loans HIP by<br>category Q3 2025 vs.<br>Q2 2025 Q3 2025 vs.<br>Q3 2024
Non-accrual loans:
Commercial
Commercial multi-family $ 8,641 0.3 % $ 10,925 0.4 % $ 8,787 0.4 % $ (2,284 ) $ (146 )
Commercial real estate non-owner occupied 44,126 0.8 13,977 0.3 9,775 0.2 30,149 34,351
Commercial real estate owner occupied 25,619 0.8 27,551 0.9 48,848 1.6 (1,932 ) (23,229 )
Commercial and industrial 174,491 2.1 11,424 0.1 24,885 0.3 163,067 149,606
Total Commercial 252,877 1.3 63,877 0.3 92,295 0.5 189,000 160,582
Mortgage 167,767 2.0 175,516 2.1 186,354 2.3 (7,749 ) (18,587 )
Leasing 7,747 0.4 7,976 0.4 7,367 0.4 (229 ) 380
Consumer
Home equity lines of credit 3,257 4.1 3,120 4.0 3,834 5.5 137 (577 )
Personal 19,316 1.0 18,593 1.0 22,829 1.2 723 (3,513 )
Auto 49,432 1.3 40,595 1.1 47,828 1.3 8,837 1,604
Other 1,806 1.0 1,948 1.2 891 0.5 (142 ) 915
Total Consumer 73,811 1.0 64,256 0.9 75,382 1.1 9,555 (1,571 )
Total non-performing loans<br>held-in-portfolio 502,202 1.3 % 311,625 0.8 % 361,398 1.0 % 190,577 140,804
Other real estate owned (“OREO”) 42,950 46,126 63,028 (3,176 ) (20,078 )
Total non-performing assets [1] 545,152 357,751 424,426 187,401 120,726
Accruing loans past due 90 days or more [2] $ 205,356 $ 206,394 $ 233,971 $ (1,038 ) $ (28,615 )
Ratios:
Non-performing assets to total assets 0.73 % 0.47 % 0.60 %
Non-performing loans held-in-portfolio to loans held-in-portfolio 1.30 0.82 1.00
Allowance for credit losses to loans held-in-portfolio 2.03 2.02 2.06
Allowance for credit losses to non-performing loans,<br>excluding loans held-for-sale 156.55 246.93 205.96
[1] There were no non-performing loans held-for-sale as of September 30, 2025, June 30, 2025 and September 30, 2024.
--- ---
[2] It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or<br>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 $9 million at September 30,<br>2025, related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below (June 30, 2025 - $8 million; September 30,<br>2024 - $9 million). Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to the repurchase option are required to be<br>reflected (rebooked) on the financial statements of BPPR with an offsetting liability. These balances include $49 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of<br>September 30, 2025 (June 30, 2025 - $52 million; September 30, 2024 - $70 million). Furthermore, the Corporation has approximately $29 million reverse mortgage loans which are guaranteed by FHA, as of September 30, 2025. Due<br>to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets (June 30, 2025 - $29 million; September 30, 2024 - $32 million).<br>
--- ---

30

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

Table M - Activity in Non-Performing Loans

(Unaudited)

Commercial loans held-in-portfolio:
Quarter ended Quarter ended
30-Sep-25 30-Jun-25
(In thousands) BPPR Popular U.S. Popular, Inc. BPPR Popular U.S. Popular, Inc.
Beginning balance NPLs $ 42,166 $ 21,711 $ 63,877 $ 42,597 $ 17,507 $ 60,104
Plus:
New non-performing loans 211,193 1,775 212,968 1,768 5,632 7,400
Advances on existing non-performing loans — 48 48 — 20 20
Less:
Non-performing loans transferred to OREO — — — (140 ) — (140 )
Non-performing loans<br>charged-off (13,779 ) — (13,779 ) (403 ) (583 ) (986 )
Loans returned to accrual status / loan collections (3,499 ) (6,738 ) (10,237 ) (1,656 ) (865 ) (2,521 )
Ending balance NPLs $ 236,081 $ 16,796 $ 252,877 $ 42,166 $ 21,711 $ 63,877
Mortgage loans held-in-portfolio:
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Quarter ended Quarter ended
30-Sep-25 30-Jun-25
(In thousands) BPPR Popular U.S. Popular, Inc. BPPR Popular U.S. Popular, Inc.
Beginning balance NPLs $ 147,464 $ 28,052 $ 175,516 $ 148,506 $ 29,087 $ 177,593
Plus:
New non-performing loans 30,552 3,011 33,563 30,437 3,277 33,714
Less:
Non-performing loans transferred to OREO (2,333 ) — (2,333 ) (2,245 ) (433 ) (2,678 )
Non-performing loans<br>charged-off (75 ) — (75 ) (387 ) — (387 )
Loans returned to accrual status / loan collections (35,650 ) (3,254 ) (38,904 ) (28,847 ) (3,879 ) (32,726 )
Ending balance NPLs $ 139,958 $ 27,809 $ 167,767 $ 147,464 $ 28,052 $ 175,516
Total non-performing loans held-in-portfolio (excluding consumer):
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Quarter ended Quarter ended
30-Sep-25 30-Jun-25
(In thousands) BPPR Popular U.S. Popular, Inc. BPPR Popular U.S. Popular, Inc.
Beginning balance NPLs $ 189,630 $ 49,763 $ 239,393 $ 191,103 $ 46,594 $ 237,697
Plus:
New non-performing loans 241,745 4,786 246,531 32,205 8,909 41,114
Advances on existing non-performing loans — 48 48 — 20 20
Less:
Non-performing loans transferred to OREO (2,333 ) — (2,333 ) (2,385 ) (433 ) (2,818 )
Non-performing loans<br>charged-off (13,854 ) — (13,854 ) (790 ) (583 ) (1,373 )
Loans returned to accrual status / loan collections (39,149 ) (9,992 ) (49,141 ) (30,503 ) (4,744 ) (35,247 )
Ending balance NPLs $ 376,039 $ 44,605 $ 420,644 $ 189,630 $ 49,763 $ 239,393

31

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

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

(Unaudited)

Quarters ended
(In thousands) 30-Sep-25 30-Jun-25 30-Sep-24
Balance at beginning of period - loans held-in-portfolio $ 769,485 $ 762,148 $ 730,077
Provision for credit losses 74,517 49,539 72,769
Initial allowance for credit losses - PCD Loans 6 — 3
844,008 811,687 802,849
Net loans charge-off (recovered)- BPPR
Commercial:
Commercial multi-family (2 ) (6 ) —
Commercial real estate non-owner occupied 12,614 (451 ) 10
Commercial real estate owner occupied (947 ) (1,005 ) (1,554 )
Commercial and industrial 1,467 1,436 4,729
Total Commercial 13,132 (26 ) 3,185
Construction — — (1,036 )
Mortgage (2,216 ) (2,429 ) (3,894 )
Leasing 2,054 2,736 2,256
Consumer:
Credit cards 15,310 17,311 14,857
Home equity lines of credit (89 ) (307 ) (76 )
Personal 15,685 15,776 22,186
Auto 12,036 6,557 16,901
Other Consumer 627 546 202
Total Consumer 43,569 39,883 54,070
Total net charged-off BPPR $ 56,539 $ 40,164 $ 54,581
Net loans charge-off (recovered) - PopularU.S.
Commercial:
Commercial multi-family (60 ) 563 (5 )
Commercial real estate non-owner occupied — — (8 )
Commercial real estate owner occupied (16 ) (26 ) (19 )
Commercial and industrial 660 (205 ) 372
Total Commercial 584 332 340
Mortgage (36 ) (32 ) (46 )
Consumer:
Home equity lines of credit (423 ) (579 ) (120 )
Personal 1,109 2,305 3,751
Other Consumer 15 12 23
Total Consumer 701 1,738 3,654
Total net charged-off Popular U.S. $ 1,249 $ 2,038 $ 3,948
Total loans net charged-off - Popular, Inc. $ 57,788 $ 42,202 $ 58,529
Balance at end of period - loans<br>held-in-portfolio $ 786,220 $ 769,485 $ 744,320
Balance at beginning of period - unfunded commitments $ 13,053 $ 14,169 $ 18,884
Provision for credit losses (benefit) 770 (1,116 ) (500 )
Balance at end of period - unfunded commitments [1] $ 13,823 $ 13,053 $ 18,384
POPULAR, INC.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio 0.60 % 0.45 % 0.65 %
Provision for credit losses (benefit) - loan portfolios to net charge-offs 128.95 % 117.39 % 124.33 %
BPPR
Annualized net charge-offs (recoveries) to average loans held-in-portfolio 0.84 % 0.61 % 0.86 %
Provision for credit losses (benefit) - loan portfolios to net charge-offs 128.48 % 107.43 % 141.34 %
Popular U.S.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio 0.04 % 0.07 % 0.15 %
Provision for credit losses (benefit) - loan portfolios to net charge-offs 150.36 % 313.49 % (110.89 )%
[1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the<br>Consolidated Statements of Financial Condition.
--- ---

32

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

Table O - Allowance for Credit Losses “ACL”- Loan Portfolios - BPPR Operations

(Unaudited)

30-Sep-25
BPPR
(Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio
Commercial:
Commercial multi-family $ 3,521 $ 302,366 1.16 %
Commercial real estate - non-owner occupied 41,456 3,302,745 1.26 %
Commercial real estate - owner occupied 34,584 1,195,284 2.89 %
Commercial and industrial 151,955 5,751,998 2.64 %
Total commercial $ 231,516 $ 10,552,393 2.19 %
Construction 3,445 303,953 1.13 %
Mortgage 77,525 7,233,106 1.07 %
Leasing 19,220 1,998,651 0.96 %
Consumer:
Credit cards 87,208 1,225,567 7.12 %
Home equity lines of credit 48 1,693 2.84 %
Personal 90,401 1,823,148 4.96 %
Auto 177,819 3,850,953 4.62 %
Other 8,173 172,327 4.74 %
Total consumer $ 363,649 $ 7,073,688 5.14 %
Total $ 695,355 $ 27,161,791 2.56 %
30-Jun-25
BPPR
(Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio
Commercial:
Commercial multi-family $ 3,696 $ 306,363 1.21 %
Commercial real estate - non-owner occupied 43,139 3,329,984 1.30 %
Commercial real estate - owner occupied 35,848 1,202,106 2.98 %
Commercial and industrial 123,202 5,594,724 2.20 %
Total commercial $ 205,885 $ 10,433,177 1.97 %
Construction 3,075 253,299 1.21 %
Mortgage 74,966 7,104,006 1.06 %
Leasing 20,040 1,983,068 1.01 %
Consumer:
Credit cards 92,306 1,215,290 7.60 %
Home equity lines of credit 54 1,809 2.99 %
Personal 92,891 1,792,210 5.18 %
Auto 182,274 3,861,702 4.72 %
Other 7,758 160,422 4.84 %
Total consumer $ 375,283 $ 7,031,433 5.34 %
Total $ 679,249 $ 26,804,983 2.53 %

33

Variance
(Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio
Commercial:
Commercial multi-family $ (175 ) $ (3,997 ) (0.05 )%
Commercial real estate - non-owner occupied (1,683 ) (27,239 ) (0.04 )%
Commercial real estate - owner occupied (1,264 ) (6,822 ) (0.09 )%
Commercial and industrial 28,753 157,274 0.44 %
Total commercial $ 25,631 $ 119,216 0.22 %
Construction 370 50,654 (0.08 )%
Mortgage 2,559 129,100 0.01 %
Leasing (820 ) 15,583 (0.05 )%
Consumer:
Credit cards (5,098 ) 10,277 (0.48 )%
Home equity lines of credit (6 ) (116 ) (0.15 )%
Personal (2,490 ) 30,938 (0.22 )%
Auto (4,455 ) (10,749 ) (0.10 )%
Other 415 11,905 (0.10 )%
Total consumer $ (11,634 ) $ 42,255 (0.20 )%
Total $ 16,106 $ 356,808 0.03 %

34

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

Table P - Allowance for Credit Losses “ACL”- Loan Portfolios - POPULAR U.S. Operations

(Unaudited)

30-Sep-25
Popular U.S.
(Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio
Commercial:
Commercial multi-family $ 13,061 $ 2,187,223 0.60 %
Commercial real estate - non-owner occupied 17,389 2,159,835 0.81 %
Commercial real estate - owner occupied 14,607 1,895,440 0.77 %
Commercial and industrial 17,352 2,493,641 0.70 %
Total commercial $ 62,409 $ 8,736,139 0.71 %
Construction 7,659 1,300,659 0.59 %
Mortgage 9,456 1,325,302 0.71 %
Consumer:
Home equity lines of credit 1,500 77,197 1.94 %
Personal 9,837 77,177 12.75 %
Other 4 8,893 0.04 %
Total consumer $ 11,341 $ 163,267 6.95 %
Total $ 90,865 $ 11,525,367 0.79 %
30-Jun-25
--- --- --- --- --- --- --- ---
Popular U.S.
(Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio
Commercial:
Commercial multi-family $ 13,085 $ 2,214,426 0.59 %
Commercial real estate - non-owner occupied 15,978 2,191,390 0.73 %
Commercial real estate - owner occupied 13,203 1,801,749 0.73 %
Commercial and industrial 18,160 2,449,028 0.74 %
Total commercial $ 60,426 $ 8,656,593 0.70 %
Construction 7,504 1,214,902 0.62 %
Mortgage 10,209 1,340,421 0.76 %
Consumer:
Credit cards — 3 - %
Home equity lines of credit 1,330 75,670 1.76 %
Personal 10,763 84,253 12.77 %
Other 4 8,353 0.05 %
Total consumer $ 12,097 $ 168,279 7.19 %
Total $ 90,236 $ 11,380,195 0.79 %

35

Variance
(Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio
Commercial:
Commercial multi-family $ (24 ) $ (27,203 ) 0.01 %
Commercial real estate - non-owner occupied 1,411 (31,555 ) 0.08 %
Commercial real estate - owner occupied 1,404 93,691 0.04 %
Commercial and industrial (808 ) 44,613 (0.04 )%
Total commercial $ 1,983 $ 79,546 0.01 %
Construction 155 85,757 (0.03 )%
Mortgage (753 ) (15,119 ) (0.05 )%
Consumer:
Credit cards — (3 ) - %
Home equity lines of credit 170 1,527 0.18 %
Personal (926 ) (7,076 ) (0.02 )%
Other — 540 (0.01 )%
Total consumer $ (756 ) $ (5,012 ) (0.24 )%
Total $ 629 $ 145,172 - %

36

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

Table Q - Allowance for Credit Losses “ACL”- Loan Portfolios - Consolidated

(Unaudited)

30-Sep-25
(Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio
Commercial:
Commercial multi-family $ 16,582 $ 2,489,589 0.67 %
Commercial real estate - non-owner occupied 58,845 5,462,580 1.08 %
Commercial real estate - owner occupied 49,191 3,090,724 1.59 %
Commercial and industrial 169,307 8,245,639 2.05 %
Total commercial $ 293,925 $ 19,288,532 1.52 %
Construction 11,104 1,604,612 0.69 %
Mortgage 86,981 8,558,408 1.02 %
Leasing 19,220 1,998,651 0.96 %
Consumer:
Credit cards 87,208 1,225,567 7.12 %
Home equity lines of credit 1,548 78,890 1.96 %
Personal 100,238 1,900,325 5.27 %
Auto 177,819 3,850,953 4.62 %
Other 8,177 181,220 4.51 %
Total consumer $ 374,990 $ 7,236,955 5.18 %
Total $ 786,220 $ 38,687,158 2.03 %
30-Jun-25
--- --- --- --- --- --- --- ---
(Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio
Commercial:
Commercial multi-family $ 16,781 $ 2,520,789 0.67 %
Commercial real estate - non-owner occupied 59,117 5,521,374 1.07 %
Commercial real estate - owner occupied 49,051 3,003,855 1.63 %
Commercial and industrial 141,362 8,043,752 1.76 %
Total commercial $ 266,311 $ 19,089,770 1.40 %
Construction 10,579 1,468,201 0.72 %
Mortgage 85,175 8,444,427 1.01 %
Leasing 20,040 1,983,068 1.01 %
Consumer:
Credit cards 92,306 1,215,293 7.60 %
Home equity lines of credit 1,384 77,479 1.79 %
Personal 103,654 1,876,463 5.52 %
Auto 182,274 3,861,702 4.72 %
Other 7,762 168,775 4.60 %
Total consumer $ 387,380 $ 7,199,712 5.38 %
Total $ 769,485 $ 38,185,178 2.02 %

37

Variance
(Dollars in thousands) Total ACL Total loans held-in-portfolio ACL to loans held-in-portfolio
Commercial:
Commercial multi-family $ (199 ) $ (31,200 ) - %
Commercial real estate - non-owner occupied (272 ) (58,794 ) 0.01 %
Commercial real estate - owner occupied 140 86,869 (0.04 )%
Commercial and industrial 27,945 201,887 0.29 %
Total commercial $ 27,614 $ 198,762 0.12 %
Construction 525 136,411 (0.03 )%
Mortgage 1,806 113,981 0.01 %
Leasing (820 ) 15,583 (0.05 )%
Consumer:
Credit cards (5,098 ) 10,274 (0.48 )%
Home equity lines of credit 164 1,411 0.17 %
Personal (3,416 ) 23,862 (0.25 )%
Auto (4,455 ) (10,749 ) (0.10 )%
Other 415 12,445 (0.09 )%
Total consumer $ (12,390 ) $ 37,243 (0.20 )%
Total $ 16,735 $ 501,980 0.01 %

38

Popular, Inc.

Financial Supplement to Third Quarter 2025 Earnings Release

Table R - Reconciliation to GAAP Financial Measures

(Unaudited)

(In thousands, except share or per share information) 30-Sep-25 30-Jun-25 30-Sep-24
Total stockholders’ equity $ 6,115,672 $ 5,954,018 $ 5,790,514
Less: Preferred stock (22,143 ) (22,143 ) (22,143 )
Less: Goodwill (789,954 ) (802,954 ) (804,428 )
Less: Other intangibles (5,460 ) (5,844 ) (7,531 )
Total tangible common equity $ 5,298,115 $ 5,123,077 $ 4,956,412
Total assets $ 75,065,798 $ 76,065,090 $ 71,323,074
Less: Goodwill (789,954 ) (802,954 ) (804,428 )
Less: Other intangibles (5,460 ) (5,844 ) (7,531 )
Total tangible assets $ 74,270,384 $ 75,256,292 $ 70,511,115
Tangible common equity to tangible assets 7.13 % 6.81 % 7.03 %
Common shares outstanding at end of period 66,959,866 67,937,468 71,787,349
Tangible book value per common share $ 79.12 $ 75.41 $ 69.04
Quarterly average
--- --- --- --- --- --- --- --- --- ---
Total stockholders’ equity [1] $ 6,943,541 $ 6,849,789 $ 6,460,517
Average unrealized (gains) losses on AFS securities transferred to HTM 296,934 334,183 550,971
Adjusted total stockholder’s equity 7,240,475 7,183,972 7,011,488
Less: Preferred Stock (22,143 ) (22,143 ) (22,143 )
Less: Goodwill (802,812 ) (802,953 ) (804,427 )
Less: Other intangibles (5,714 ) (6,096 ) (7,995 )
Total tangible equity $ 6,409,806 $ 6,352,780 $ 6,176,923
Return on average tangible common equity 13.06 % 13.26 % 9.98 %
[1] Average balances exclude unrealized gains or losses on debt securities available-for-sale.
--- ---

39

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

40

EX-99.2

Exhibit 99.2 Investor Presentation Third Quarter 2025

Cautionary Note Regarding Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including without limitation those regarding Popular’s business, financial condition, results of operations and objectives, performance, earnings and expenses. These statements are not guarantees of future performance, are based on the current expectations of Popular, Inc.’s management and, by their nature, involve risks, uncertainties, estimates and assumptions. Potential factors, some of which are beyond our control, could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. More information on the risks and important factors that could affect our future results and financial condition is included in our Form 10-K for the year ended December 31, 2024, our Form 10-Q for the quarter ended June 30, 2025 and our Form 10-Q for the quarter ended September 30, 2025, to be filed with the Securities and Exchange Commission. Our filings are available on our website (www.popular.com) and on the Securities and Exchange Commission website (www.sec.gov). We assume no obligation to update or revise any forward-looking statements which speak as of their respective dates. 2

Q3 2025 Highlights Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2025 Q2 2025 Change Q3 2024 Highlights: Net Income $ 211 $ 210 $ 1 $ 155 • Net interest income increased $15 million to $647 million Net Interest Margin (NIM) 3.51% 3.49% 0.02% 3.24% • NIM of 3.51% increased 2 bps; FTE NIM expanded 5 bps to 3.90% 1 Net Interest Margin FTE 3.90% 3.85% 0.05% 3.47%• Loans held in portfolio grew $502 million or 1.3%, driven by Total Deposit Costs 1.79% 1.78% 0.01% 2.16% commercial and construction loans at both banks EPS $ 3 .15 $ 3.09 $ 0 .06 $ 2.16 • Total deposits decreased $704 million or 1.1%; excluding P.R. public deposits, customer deposits increased $138 million Financial Ratios • Total deposit costs increased 1 bp due to higher average balance of ROA 1.09% 1.11% (0.02%) 0.84% P.R. public deposits in BPPR and time deposits at both banks 2 ROTCE 13.06% 13.26% (0.20%) 9.98% • Credit quality impacted by two large unrelated commercial loans in BPPR with a combined book value of $188 million: Ending Balances ‐ NPLs increased $190 million to $502 million; NPL ratio at Loans Held in Portfolio $ 3 8,687 $ 38,185 $ 502 $ 3 6,195 1.30% vs. 0.82% in Q2 Total Assets 75,066 76,065 ( 999) 7 1,323 ‐ NCO Ratio of 0.60% vs. 0.45% in Q2 Total Deposits 6 6,513 6 7,217 (704) 63,669 ‐ ACL-NPL Ratio of 157% vs. 247% in Q2 Borrowings 1,247 1,414 (167) 974 • Tangible book value per share increased $3.71 to $79.12 • Common Equity Tier 1 decreased 12 bps to 15.79% Credit Quality Non-Performing Loans (NPLs) $ 502 $ 312 $ 190 $ 361 NPL Ratio 1.30% 0.82% 0.48% 1.00% NCO Ratio 0.60% 0.45% 0.15% 0.65% Capital Actions ACL-NPL Ratio 157% 247% (90%) 206% • Repurchased $119 million in common stock at an average price of $119.33 per share and declared common stock dividend per share Capital of $0.75, an increase from $0.70 Common Equity Tier 1 15.79% 15.91% (0.12%) 16.42% ₋ $429 million remained under the active repurchase Tangible Book Value Per Share $ 7 9.12 $ 75.41 $ 3.71 $ 69.04 authorization as of September 30, 2025 3 See Slide 15 for footnotes Differences due to rounding

Business Highlights BPPR Popular U.S. ($ in millions) Q3 2025 Q2 2025 Change Q3 2024 ($ in millions) Q3 2025 Q2 2025 Change Q3 2024 Loans Held in Portfolio $ 27,131 $ 26,774 $ 357 $ 25,694 Loans Held in Portfolio $ 11,525 $ 11,380 $ 145 $ 10,469 P.R. Public Deposits 20,076 20,918 (842) 18,716 Total Deposits 12,162 11,946 216 11,891 Total Deposits 54,878 55,882 (1,004) 52,701 Borrowings 582 754 (172) 276 Borrowings 70 67 3 105 Net Interest Margin 2.94% 2.93% 0.01% 2.73% Net Interest Margin 3.71% 3.68% 0.03% 3.41% Total Deposit Costs 2.96% 2.95% 0.01% 3.35% Total Deposit Costs 1.53% 1.52% 0.01% 1.89% Highlights: Highlights: • Loans held in portfolio increased $145 million: • Loans held in portfolio increased $357 million: ‐ commercial and construction loans increased $165 million ‐ commercial and construction loans increased $170 million ‐ mortgage loans decreased $15 million ‐ mortgage loans increased $129 million ‐ mortgage loan originations in Popular U.S. were discontinued at the ‐ personal loans increased $32 million end of Q3 2025 • NIM increased 3 bps to 3.71%: • NIM increased 1 bp to 2.94%: ‐ investment securities yield increased 8 bps to 2.68% ‐ loan yield increased 2 bps to 6.02% ‐ loan yield decreased 7 bps to 7.79% ‐ total deposit costs increased 1 bp to 2.96% ‐ total deposit costs increased 1 bp to 1.53% ‐ interest-bearing deposit costs remained flat at 2.02% ‐ P.R. public deposit costs decreased 3 bps to 3.19% • Broker dealer assets under management increased $905 million to $11.7 billion or 8% from Q4 2024 4 Differences due to rounding

New Strategic Framework BE THE #1 BANK FOR OUR CUSTOMERS Meet customers where they are. We are their first choice, always one step ahead, fostering loyalty and deepening relationships at every stage of their lives, to drive growth BE SIMPLE AND EFFICIENT Deliver solutions faster, improve productivity, and reduce costs BE A TOP PERFORMING BANK Become a performance-driven organization with top talent, delivering sustainable, profitable growth and long-term value to our shareholders 5

Financial Summary Quarterly Results (unaudited) ($ in thousands, except EPS) Q3 2025 Q2 2025 Variance Net interest income $ 646,505 $ 6 31,549 $ 1 4,956 Provision for credit losses 7 5,125 48,941 2 6,184 Net interest income after provision for credit losses $ 571,380 $ 582,608 $ (11,228) Banking fees 1 11,001 110,969 32 Asset management and insurance fees 29,452 2 8,379 1 ,073 Mortgage banking activities 2 ,771 4 ,872 (2,101) Other operating income 2 7,971 24,257 3,714 Total non-interest income $ 171,195 $ 168,477 $ 2,718 Total personnel costs 2 32,988 229,355 3 ,633 Net occupancy 2 6,083 29,140 (3,057) Technology and software expenses 87,117 84,696 2 ,421 Transactional services 38,408 37,861 547 Professional fees 25,808 2 8,108 (2,300) Business promotions 2 7,304 26,385 919 Goodwill impairment 13,000 - 1 3,000 Other operating expenses 4 4,579 57,216 (12,637) Total operating expenses $ 495,287 $ 492,761 $ 2,526 Income before income tax 247,288 2 58,324 (11,036) Income tax expense 35,971 47,884 (11,913) Net income $ 211,317 $ 210,440 $ 877 EPS $ 3 .15 $ 3.09 $ 0 .06 ROTCE 13.06% 13.26% (0.20%) 6 Differences due to rounding

Net Interest Income and NIM Dynamics Quarter Highlights: Earning Assets 1 (ending balances, $ in billions) • Net interest income increased by $15 million to $647 million $72.8 $71.8 $70.8 $69.7 $68.0 • Net interest margin increased 2 bps to 3.51% 0.1 4 70.0 0 $38.2 $38.7 $37.3 ₋ Primarily driven by improved earning asset mix 0.1 2 $37.1 $36.2 60.0 0 0.1 • Net interest margin FTE of 3.90% increased 5 bps driven by fixed 50.0 0 7.56% 7.51% 7.50% 7.49% 7.48% rate asset repricing 0.0 8 40.0 0 ‐ Money market and investment securities yield increased 9 bps 0.0 6 30.0 0 $34.6 $33.6 $33.1 $32.6 $31.8 0.0 4 • Money market and investment securities decreased $1.5 billion; 20.0 0 represent 46% of earning assets 10.0 0 0.0 2 3.59% 3.50% 3.43% 3.38% 3.29% • Average deposits increased $793 million. Excluding P.R. public - 0 deposits, average customer deposits increased $360 million Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Money market and investment securities Loan balances Loan yield (FTE) Money market and investment securities yield Net Interest Income and NIM Sources of Funds ($ in millions) 1 (ending balances, $ in billions) $647 $68.6 $67.8 $632 $66.9 $66.1 $64.7 $606 0.06 00 $591 0.0 7 $572 600 $20.9 60.0 0 $20.1 $19.6 $19.5 0.0 6 $18.7 0.05 00 500 50.0 0 0.0 5 5.63% 5.57% 0.04 00 5.53% 5.49% 5.49% 400 4.24% 40.0 0 0.0 4 3.70% 0.03 00 300 3.90% 30.0 0 3.32% 3.85% 0.0 3 3.22% 3.19% 3.73% 3.62% 3.47% 0.02 00 $46.2 $46.3 $46.4 $45.0 $45.4 200 20.0 0 0.0 2 2.06% 0.01 00 100 1.87% 0.0 1 10.0 0 1.76% 1.72% 1.73% 1.27% 1.21% 1.17% 1.17% 1.15% - 0 - - Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Net interest income NIM (FTE) Earning assets yield (FTE) Cost of funds Deposits, excl P.R. public deposits P.R. public deposits Borrowings P.R. public deposit costs Deposit Costs, excl P.R. public deposit costs See Slide 15 for footnotes 7 Differences due to rounding

Non-Interest Income Change Q3 Quarter Highlights: 2025 vs • Strong performance and high levels of Q2 Q3 ($ in millions) Q3 2025 Q2 2025 Variance Q3 2024 customer transaction activity from our 2025 2024 diversified fee generating segments Service charges on deposits $ 39.1 $ 38.8 $ 0.3 $ 38.3 1% 2% • Non-interest income of $171 million Debit card fees 28.1 27.9 0.2 26.2 1% 7% increased $2.7 million from Q2, driven Credit card fees 32.7 32.5 0.2 31.3 1% 4% by a $5.3 million retroactive charge to a Other fees 11.2 11.7 (0.6) 10.8 (5%) 4% tenant under an amended lease Banking fees $ 111.0 $ 111.0 $ 0.0 $ 106.5 0% 4% contract Insurance fees 13.0 12.7 0.3 15.4 2% (16%) Brokerage and asset management fees 9.5 9.1 0.4 8.4 4% 13% Trust fees 7.0 6.6 0.4 6.7 6% 4% Asset management and insurance fees $ 29.5 $ 28.4 $ 1.1 $ 30.5 4% (4%) Mortgage banking activities 2.8 4.9 (2.1) 2.7 (43%) 4% Other operating income 28.0 24.3 3.7 24.3 15% 15% Non-interest income $ 171.2 $ 168.5 $ 2.7 $ 164.1 2% 4% Non-Interest Income ($ in millions) $171 $168 $168 180 .00 180 .00 $164 $152 160 .00 160 .00 140 .00 140 .00 120 .00 120 .00 100 .00 100 .00 80.0 0 80.0 0 60.0 0 60.0 0 40.0 0 40.0 0 20.0 0 20.0 0 - - Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Banking fees Asset management and insurance Other operating income Mortgage banking activities Daily car rental income (sold in Q4 2024) 8 Differences due to rounding

Operating Expenses Change Q3 Quarter Highlights: 2025 vs • Operating expenses increased by $2.6 Q2 Q3 $ in millions Q3 2025 Q2 2025 Variance Q3 2024 million to $495 million 2025 2024 Salaries 139.3 132.8 $ $ $ 6.6 $ 136.0 5% 2% • Personnel costs increased by $3.6 million Commissions and incentives 35.3 40.6 (5.2) 26.3 (13%) 34% primarily due to annual merit increases 1 Pension, postretirement and other 45.3 43.1 2.3 39.5 5% 15% effective July 2025, and other Profit sharing 13.0 13.0 0.0 0.0 - - employment termination benefits related Total personnel costs $ 233.0 $ 229.4 $ 3.6 $ 201.9 2% 15% to cost efficiency initiatives at Popular U.S. Technology and software 87.1 84.7 2.4 88.5 3% (2%) • $13 million goodwill impairment in Transactional services 38.4 37.9 0.5 34.3 1% 12% Popular U.S. equipment leasing subsidiary Professional fees 25.8 28.1 (2.3) 26.7 (8%) (3%) Net occupancy (10%) (7%) 26.1 29.1 (3.1) 28.0 • Lower other operating expenses driven by Business promotion 27.3 26.4 0.9 25.6 3% 6% a reversal in Q3 of a $4.8 million claim Goodwill impairment 0% 0% 13.0 - 13.0 - reserve established in Q2, and lower Other operating expenses 44.6 57.2 (12.6) 62.3 (22%) (28%) reserves for operational losses by $4.6 Operating expenses $ 495.3 $ 492.7 $ 2.6 $ 467.3 1% 6% million in Q3 Operating Expenses ($ in millions) 600 .00 600 .00 $495 $493 $471 $467 $468 500 .00 500 .00 400 .00 400 .00 300 .00 300 .00 200 .00 200 .00 100 .00 100 .00 - - Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Personnel costs Technology and professional fees Net occupancy and other expenses Business promotion and transactional services See Slide 15 for footnotes 9 Differences due to rounding

Capital Popular, Inc. Quarter Highlights: Q3 2025 Q2 2025 • Common Equity Tier 1 Ratio of 15.79% decreased 12 bps mainly driven by common stock repurchases and changes in risk weighted assets due 0.2 to loan growth 0.1 8 0.1 6 17.58% 17.70% 1 0.1 4 • TCE Ratio of 7.13% vs. 6.81% in Q2 2025 15.91% 15.96% 15.79% 15.84% 0.1 2 0.1 • Tangible book value per share increased $3.71 to $79.12 0.0 8 0.0 6 8.48% 8.51% 7.13% 6.81% 0.0 4 • ROTCE of 13.06% 0.0 2 0 • Repurchased $119 million in common stock at an average price of Common Equity Tier 1 Risk- Total Risk-Based Tier 1 Leverage TCE $119.33 per share and declared common stock dividend per share of Tier 1 Capital Based Capital Capital $0.75, an increase from $0.70 BPPR ₋ $429 million remained under the active repurchase authorization as 0.2 of September 30, 2025 0.1 8 0.1 6 17.16% 17.24% 0.1 4 15.90% 15.97% 15.90% 15.97% 0.1 2 0.1 0.0 8 0.0 6 7.42% 7.43% 0.0 4 5.58% 5.22% 0.0 2 Common Equity Tier 1 0 Common Equity Tier 1 Risk- Total Risk-Based Tier 1 Leverage TCE Tier 1 Capital Based Capital Capital 0.53% (0.13%) Popular U.S. 15.91% (0.30%) 15.79% 0.1 6 (0.22%) 0.1 4 14.49% 14.49% 0.1 2 13.67% 13.65% 13.67% 13.65% 0.1 11.66% 11.49% 11.01% 10.96% 0.0 8 0.0 6 0.0 4 0.0 2 0 Q2-25 Net income Dividends Repurchases RWA and other Q3-25 Common Equity Tier 1 Risk- Total Risk-Based Tier 1 Leverage TCE 10 See Slide 15 for footnotes Tier 1 Capital Based Capital Capital Note: Current period ratios are estimated

Non-Performing Assets Quarter Highlights: Non-Performing Assets • Non-Performing Assets increased $187 million ($ in millions) • Non-Performing Loans increased $190 million 600 0.04 $545 ₋ BPPR NPLs increased $196 million to $453 million 0.035 500 $444 $438 $435 $424 $412 $408 0.03 ₋ Popular U.S. NPLs decreased $5 million to $49 million $366 $358 400 0.025 • NPL inflows increased $205 million 300 0.02 ‐ BPPR increased $210 million, driven by two large unrelated 0.015 commercial loans with a combined book value of $188 200 0.7% 0.01 0.6% 0.6% 0.6% 0.6% million 0.6% 0.6% 0.5% 0.5% 100 0.005 ‐ Popular U.S. decreased $5 million, mainly related to 0 0 commercial loans Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 NPLs OREO NPAs/Total Assets Non-Performing Loans NPL Inflows ($ in millions) ($ in millions) 600 0.04 $502 0.035 300 500 $242 0.03 $362 $361 $358 $354 $351 400 $342 0.025 $314 $312 200 300 0.02 1.3% 0.015 1.1% 1.0% 1.0% 1.0% 200 1.0% 0.9% 0.8% 100 0.8% $41 $34 0.01 $48 $52 $37 $37 $37 $32 100 0.005 0 0 0 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Popular U.S. BPPR Commercial and Construction Mortgage Other NPLs/Loans 11 Differences due to rounding

NCOs and Allowance for Credit Losses Quarterly Highlights: • NCOs increased $16 million to $58 million, mainly in BPPR, driven by a $14 million charge-off related the $30 million commercial NPL inflow in Q3 2025. NCO Ratio increased 15 bps to 0.60% • ACL increased $17 million to $786 million, primarily due to a specific reserve recognized for the $158 million commercial NPL inflow in Q3 2025, partially offset by improvements in the credit quality of the consumer portfolio; ACL-to-Loans Ratio at 2.03% vs. 2.02% in Q2 2025 ACL Movement Allowance for Credit Losses ($ in millions) ($ in millions) $5 $786 $34 Reserve Reserve $769 Balance Build Balance Build Balance ACL/Loan $36 Portfolios Q4 2024 (Release) Q2 2025 (Release) Q3 2025 Q3 2025 Commercial $ 271 $ 6 $ 277 $ 28 $ 305 1.46% Mortgage 82 3 85 2 87 1.02% $(58) Leases 16 4 20 (1) 19 0.96% Consumer: 376 11 387 (12) 375 5.18% Credit Cards 99 (7) 92 (5) 87 7.12% Personal Loans 104 1 105 (3) 102 5.14% Auto 166 16 182 (4) 178 4.62% NCOs Consumer Changes Q3 2025 ACL Consumer Economic NCOs Commercial Q3 2025 Q2 Q2 2025 ACL Commercial Changes Economic Scenarios and… Other 7 1 8 0 8 4.51% portfolio portfolio scenario and ACL 2025 qualitative ACL Total ACL $ 746 $ 23 $ 769 $ 17 $ 786 2.03% NCOs and NCO-to-Loans Ratio Consumer NCOs by Loan Portfolio ($ in millions) ($ in millions) 75 $67 70 4.0 0% $63 $62 5.0 0% $59 65 $58 $58 $57 60 $55 $54 $52 $51 $49 $49 55 3.0 0% 50 $44 4.0 0% $42 3.56% $42 $33 $41 45 3.26% 3.16% 40 3.01% 2.0 0% 2.85% 2.80% 35 3.0 0% 30 2.46% 2.41% 2.33% 25 0.71% 0.74% 0.66% 0.65% 0.61% 0.60% 0.53% 20 1.0 0% 0.45% 0.39% 15 2.0 0% 10 5 0.0 0% - 1.0 0% (5 ) (10) (1 5) -1.00% Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 0.0 0% (20) Commercial and Construction Mortgage Leases Consumer NCO% Credit Card Personal Auto Other NCO% 12 Differences due to rounding

Driving Value Market leader in Puerto Rico • Substantial capital and liquidity with diversified deposit base • Well-positioned to take advantage of market opportunities • Focused on customer service supported by broad branch network • Differentiated omnichannel experience • Diversified fee income Franchise • Strong risk-adjusted loan margins driven by a well-diversified portfolio Mainland U.S. banking operation provides geographic diversification • Commercial led strategy directed at small and medium sized businesses • Niche banking segments focused on homeowners’ associations, healthcare and non-profit organizations • Branch footprint in South Florida and New York Metro Our new strategic framework centers on three objectives and guides our Transformation, which continues to show steady and notable progress. Our objectives are: Strategic • Be the #1 bank for our customers Framework • Be simple and efficient • Be a top-performing bank Repurchased $119 million in common stock at an average price of $119.33 per share and declared common stock dividend per share of $0.75, an increase from $0.70 Capital Actions • $429 million remained under the active repurchase authorization as of September 30, 2025 13

Guidance 2025 Guidance Q2 2025 Q3 Update Q3 2025 Commentary 10%-11% YoY growth driven by fixed asset Net Interest Income Unchanged Reaffirm Q2 guidance repricing, loan growth and deposit balances Higher end of guidance for the year based on Now expect $160 million-$165 million in Q4 and Non-Interest Income Updated YTD results and seasonal activity in Q4 $650 million- $655 million for the year 45bps-65 bps annualized due to credit Now expect 50bps-65 bps annualized due to YTD NCOs performance YTD and stable outlook for Updated credit performance and NPLs inflows in Q3 remainder of the year 4%-5% for the year due to profit sharing and Operating Expenses Unchanged Reaffirm Q2 guidance performance-based incentives Now expect 14%-16% in Q4 and 16-18% for the Effective Tax Rate 18%-20% due to higher tax exempt income Updated year, due to higher proportion of exempt income, and impact of changes to the P.R. tax code Reaffirm original guidance range of 3%-5% Now expect 4%-5% based on YTD growth and Loan Growth based on YTD growth and expected Updated expected repayments in Popular U.S. repayments in Popular U.S. 14

Footnotes Slide 3: 1- Fully taxable equivalent (“FTE”) net interest margin represents a non-GAAP financial measure. See the Corporation's earnings press release, Form 10-Q and Form 10-K filed with the U.S. Securities and Exchange Commission for the applicable periods for the GAAP to non- GAAP reconciliation. 2- Return on average tangible common equity (“ROTCE”) represents a non-GAAP financial measure. See table R in the Corporation's earnings press release for the reconciliation of GAAP to non-GAAP financial measures. Slide 7: 1- Balances are as of end of period. Slide 9: 1- Pension, postretirement and other combines “pension, postretirement and medical insurance” and “other personnel costs, including payroll taxes” as presented in the Consolidated Statement of Operations. Slide 10: 1- TCE ratio is defined as the ratio of tangible common equity to tangible assets. 15

Investor Presentation Third Quarter 2025 Appendix

Corporate Structure Summary Corporate Structure Franchise Industry Financial Services Headquarters San Juan, Puerto Rico Assets = $75 billion Assets $75 billion (among top 50 Popular Holding Co. BHCs in the U.S.) Banco Popular Popular’s North (including Popular de Securities Insurance America, equity Puerto Rico LLC Subsidiaries Inc. investments) Loans $39 billion Popular Deposits $67 billion Bank Earnings Earnings Banking branches 153 in Puerto Rico, 39 in the U.S. (27 in New York and New Jersey and 12 in Puerto Rico Operations United States Operations Florida) and 9 in the U.S. Assets = $60 billion Assets = $15 billion and British Virgin Islands NASDAQ ticker symbol BPOP Selected equity investments: Banco BHD León under Corporate segment Market Cap $8.5 billion • Dominican Republic bank • 15.63% stake • 2024 net income of $272 million 17

Q3 2025 vs. Q2 2025 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2025 Q2 2025 Variance Q3 2025 Q2 2025 Variance Net interest income $ 551 $ 538 $ 13 $ 105 $ 102 $ 3 Provision for credit losses 74 42 32 2 6 (4) Net interest income after provision for credit losses 477 496 ( 19) 103 96 7 Non-interest income 151 146 5 7 7 - Operating expenses $ 413 $ 422 $ ( 9) $ 83 $ 71 $ 12 Income before income tax 215 220 (5) 27 32 (5) Income tax expense 26 35 (9) 9 9 - Net income $ 189 $ 185 $ 4 $ 18 $ 23 $ (5) Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2025 Q2 2025 Variance Q3 2025 Q2 2025 Variance Total assets $ 59,771 $ 60,929 $ (1,158) $ 14,941 $ 14,865 $ 76 Total loans (HIP) 27,131 26,774 357 1 1,525 11,380 145 Total deposits 54,878 55,882 (1,004) 1 2,162 11,946 216 Asset Quality BPPR Popular U.S. Q3 2025 Q2 2025 Variance Q3 2025 Q2 2025 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.67% 0.96% 0.71% 0.42% 0.47% (0.05%) Non-performing assets / Total assets 0.83% 0.50% 0.33% 0.33% 0.37% (0.04%) Allowance for credit losses / Total loans (HIP) 2.56% 2.53% 0.03% 0.79% 0.79% 0.00% 18 Differences due to rounding

Loan Composition and Yields Highlights: Loans Held-in-Portfolio Average Yield • Loans held in portfolio increased $502 (ending balances, million or 1.3%, compared to Q2 2025 $ in millions) Q3 2025 Q2 2025 Variance Q3 2025 (FTE) $ $ $ $ Commercial 19,289 19,090 199 19,229 6.72% ‐ The increase was primarily driven by the commercial and construction Construction 1,605 1,468 136 1,549 8.24% portfolios in BPPR and in Popular U.S., 8,558 8,444 114 5.96% Mortgage 8,484 and by the mortgage portfolio in BPPR 5,859 5,854 5 8.52% Auto loans and leases 5,926 • Average loan yield FTE at 7.49% Consumer 3,377 3,329 48 3,258 13.80% Total Loans $ 38,687 $ 38,185 $ 502 $ 38,445 7.49% Loan Composition (ending balances, $ in billions) 45.0 0 $38.7 $38.2 40.0 0 $37.3 $37.1 $37.1 $35.1 $3.4 $3.3 35.0 0 $3.3 $3.3 $3.3 $32.1 $3.3 $29.3 $8.6 30.0 0 $3.1 $8.4 $8.1 $8.1 $8.3 $2.6 $7.7 25.0 0 $7.4 $5.9 $5.9 $7.5 $5.8 $5.8 $5.8 $5.4 20.0 0 $1.6 $1.5 $1.3 $1.3 $1.4 $5.1 $1.0 $4.8 $0.8 15.0 0 $0.7 10.0 0 $19.1 $19.3 $18.7 $18.7 $18.6 $17.7 $15.7 $13.7 5.00 - 2021 2022 2023 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Commercial Construction Auto loans and Leases Mortgage Consumer 19 Differences due to rounding

Deposit Composition and Costs Highlights: • Deposits at $66.5 billion in Q3 2025, with P.R. public deposits representing 30% of total deposits • Total deposit costs, excluding P.R. public deposits, demonstrate the stability of core deposits, low cost and low betas • Total cost of deposits at 1.79%, increased 1 bp due to higher average deposits, mainly P.R. public deposits in BPPR and high-cost deposits at Popular U.S. Deposit Composition (ending balances, $ in billions) 80.0 0 $67.0 $67.2 $66.5 $65.8 $64.9 $63.6 $63.7 70.0 0 $61.2 60.0 0 $20.4 $19.6 $20.9 $20.1 $19.5 $18.1 $18.7 $15.2 50.0 0 $6.7 $6.8 40.0 0 $7.9 $8.4 $8.8 $8.9 $8.4 $8.4 30.0 0 $15.9 $14.7 $14.6 $14.2 $14.6 $14.3 $14.4 $14.1 20.0 0 $8.3 $8.5 $7.7 $7.2 $7.7 $8.0 $8.0 $8.2 10.0 0 $15.7 $16.0 $15.4 $15.3 $15.1 $15.2 $15.1 $14.9 - 2021 2022 2023 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Non-interest bearing NOW and Money market Savings Time deposits P.R. public deposits Deposit Costs Trends 4.24% 0.045 3.69% 3.70% 0.04 3.32% 3.22% 3.19% 0.035 0.03 2.16% 0.025 1.96% 1.83% 1.78% 1.79% 1.68% 0.02 0.015 0.67% 0.01 0.18% 0.39% 1.27% 0.005 1.21% 1.17% 1.15% 1.17% 0.91% 0.05% 0 0.29% 0.23% 2021 2022 2023 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Total deposit costs Total deposit costs excl P.R. public deposit costs P.R. public deposit costs 20 Differences due to rounding

Deposit Beta Highlights: • BPPR's retail and commercial accounts are low beta products and will react more slowly to changes in short-term interest rates • High beta P.R. public deposits represent 30% of the total deposits • P.R. public deposits are linked to market rates but respond with a lag to changes in spot rates • We expect that higher beta products in Popular U.S. will show similar elasticity to declining rates throughout the cycle Deposits by Type Retail Int Bearing Deposits 6.00% 90% 78% 80% 5.00% 70% 4.00% 60% 50% 3.00% 40% 2.00% 22% 30% 20% 1.00% 10% 0.00% 0% Non-Int Bearing Int Bearing Retail - Int Bearing Fed Funds Target Deposit Mix (by Type) Deposit Mix Retail Commercial Public Wholesale Non Int Bearing 7% 15% 0% 0% Int Bearing 32% 10% 31% 5% 6.00% Commercial Int Bearing Deposits Public Int Bearing Deposits 6.00% 5.00% 5.00% 4.00% 4.00% 3.00% 3.00% 2.00% 2.00% 1.00% 1.00% 0.00% 0.00% Commercial - Int Bearing Fed Funds Target Public - Int Bearing Fed Funds Target 21 Sep-16 Sep-16 Mar-17 Mar-17 Sep-17 Sep-17 Mar-18 Mar-18 Sep-18 Sep-18 Mar-19 Mar-19 Sep-19 Sep-19 Mar-20 Mar-20 Sep-20 Sep-20 Mar-21 Mar-21 Sep-21 Sep-21 Mar-22 Mar-22 Sep-22 Sep-22 Mar-23 Mar-23 Sep-23 Sep-23 Mar-24 Mar-24 Sep-24 Sep-24 Mar-25 Mar-25 Sep-25 Sep-25 Sep-16 Sep-16 Mar-17 Mar-17 Sep-17 Sep-17 Mar-18 Mar-18 Sep-18 Sep-18 Mar-19 Mar-19 Sep-19 Sep-19 Mar-20 Mar-20 Sep-20 Sep-20 Mar-21 Mar-21 Sep-21 Sep-21 Mar-22 Mar-22 Sep-22 Sep-22 Mar-23 Mar-23 Sep-23 Sep-23 Mar-24 Mar-24 Sep-24 Sep-24 Mar-25 Mar-25 Sep-25 Sep-25

Investment Portfolio Quarter Highlights: $ in millions Q3 2025 Variance to Q2 2025 Maturity • Conservative investment portfolio, with the majority Amortized % of Book Gain / Amortized Gain / 1 Description Cost Portfolio Value (Loss) Yield / WAL Cost (Loss) invested in short to intermediate U.S. Treasuries Money Markets (Cash at Federal Reserve) $4,744 14.4% $4,744 $0 4.2% - ($1,586) $0 • Investment portfolio duration 2.0 years; including cash, 1.7 years U.S. T-bills 6,423 19.5% 6,423 - 4.0% 0.1 ( 1,486) - AFS U.S. Treasuries 9,290 28.2% 9,284 (6) 3.5% 1.3 1,759 21 • Unrealized loss in the AFS portfolio decreased by $106 Agency MBS/CMO 5,906 15.1% 4,979 ( 927) 1.8% 6.7 (182) 84 Total AFS 21,619 62.9% 20,686 (933) 3.2% 2.2 91 105 million 2 U.S. Treasuries 7,714 22.4% 7,374 ( 340) 1.3% 1.8 (153) 47 • Market value of the U.S. Treasuries held to maturity HTM Other 60 0.2% 60 - 1.8% 13.5 (3) - stood at $7.4 billion, approximately $30 million higher Total HTM 7,774 22.6% 7,434 ( 340) 1.3% 1.9 (156) 47 than book value Total Trading 33 0.1% 33 - 4.7% 5.4 3 - • Invested approximately $2.5 billion in U.S. Treasury Total Portfolio $34,170 100.0% $32,897 ($1,273) 2.9% 1.8 ($1,648) $152 notes with an average duration of 1.4 years and a yield of approximately 3.65% 2,000 Maturities: US Treasury Notes (AFS & HTM) Maturity Profile 1,800 35% Yield 32% 1,600 Legacy New 1.33% 3.89% 30% 1,400 26% 25% 1,200 23% 1,000 20% 800 15% 600 11% 10% 400 4% 5% 200 3% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% - 0% Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Dec-26 Mar-27 Jun-27 Sep-27 Dec-27 Mar-28 Jun-28 Sep-28 Dec-28 Mar-29 Jun-29 Sep-29 0 - 3 yrs 4 - 5 yrs 6 - 7 yrs 8 - 10 yrs U.S. T-bills U.S. Treasuries - AFS U.S. Treasuries - HTM Agency MBS/CMO UST Legacy (Program restarted in 2024) UST New (2024 Program) 1 Maturity expressed in years; In the case of mortgage-backed securities and CMO’s, it represents the weighted average life of the bonds assuming market consensus prepayment speeds 2 The Book value includes $340 million of unrealized loss in AOCI related to the securities transferred from available-for-sale securities portfolio to the held-to-maturity with an unrealized loss of $873 million at the time of transfer, which will be amortized (back into capital) throughout their remaining life at a rate of approximately 5% per quarter through 2026. 22 Differences due to rounding $ Millions

Allowance for Credit Losses – Q3 2025 ACL Movement: • Moody’s baseline forecast continues to assume a slowdown in economic activity for the U.S. in 2025 and 2026 • Changes in the forecast of certain employment variables contributed to higher reserves • Higher reserves related to the commercial portfolio due to Q3 commercial NPL inflows, mainly of two large unrelated commercial loans with a combined book value of $188 million and higher loan balances. Economic Scenarios: • Baseline scenario assigned the highest probability, followed by the S3 (pessimistic) scenario • The probability assigned to the S3 (pessimistic) scenario remains at elevated levels due to current uncertainty in the markets • 2025 annualized GDP growth (baseline): ‐ P.R consistent with previous period at 0.34% ‐ U.S. increased to 1.64% from 1.28% • 2025 forecasted average unemployment rate (baseline): ‐ P.R. remains near historically low levels at 5.59% ‐ U.S. consistent with previous period at 4.24% 23

Non-Owner Occupied CRE Portfolio Highlights: Non-Owner Occupied CRE • Non-Owner Occupied CRE (CRE NOO) credit quality ($ in millions) metrics include the impact of a $30.1 million increase in $5,521 $5,463 $5,541 $5,363 $5,185 non-performing loans (NPLs) and a $13.5 million in net 5,000 $2,227 $2,191 $2,160 $2,117 charge-offs (NCOs) related to commercial real estate $2,037 facility secured by a hotel property in Florida 4,000 1.30% 1.08% 1.05% 1.06% 1.02% • Non-Owner Occupied CRE (CRE NOO) exposure mainly in 3,000 $3,303 $3,314 $3,330 retail, hotels and office space $3,148 $3,247 2,000 0.81% • Office exposure limited to 1.8% of total loan portfolio and 0.30% 0.30% 0.27% 0.20% 1,000 13% of CRE NOO: 0 0.0% ‐ Office space mainly in mid-rise properties with Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 diversified tenants across both regions BPPR Popular U.S. NPL/Loans ACL/Loans ‐ Average loan size at $2.5 million • Non-Performing loans increased to 0.81% of loans, while NCOs increased to 0.92%, primarily due to the Non-Owner Occupied CRE abovementioned commercial loan Balance by property type • Allowance for credit losses to loans held-in-portfolio at Other Health Facility 7% 1.08% 4% Mixed use Retail 5% 33% Industrial 8% Credit Metrics Metric Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 30-89 DPD/Loans 0.26% 0.20% 0.07% 0.06% 0.33% Shelters NPL/Loans 0.19% 0.27% 0.26% 0.25% 0.81% 11% NCO Ratio 0.00% -0.06% -0.05% -0.03% 0.92% ACL/Loans 1.30% 1.02% 1.05% 1.07% 1.08% Office Space ACL/NPL 691.89% 377.29% 410.78% 422.98% 133.36% 13% Hotels Classified Loans/Loans 1.34% 3.01% 3.23% 4.08% 3.98% 19% 24

Multifamily Loan Portfolio Highlights: Multifamily Loans • 88% of the portfolio concentrated in Popular U.S. ($ in millions) $2,521 $2,521 • Strong credit risk profile with low levels of delinquency, $2,406 $2,400 $2,375 2,500 NCOs and classified loans: 1.4% $2,214 $2,187 $2,100 $2,092 $2,067 2,000 1.2% ‐ 30-89 DPD/Loans at 0.16% 0.60% 0.67% 0.57% 1.0% ‐ Classified loans at 1.20% 0.40% 1,500 0.38% 0.8% ‐ NCO Ratio 0.00% 1,000 0.6% 0.43% 0.40% 0.37% 0.37% 0.35% • Allowance for credit losses (“ACL”) to loans held-in- 0.4% 500 portfolio at 0.67% 0.2% $306 $308 $308 $306 • New York portfolio: $302 0 0.0% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ‐ $1.5 billion or 3.9% of our total loan portfolio BPPR Popular U.S. NPL/Loans ACL/Loans ‐ Underwritten based on current rental income at origination ‐ No exposure to rent controlled buildings Multifamily Loans ‐ Rent stabilized units represent less than 40% of the Balance by state total units in the loan portfolio with the majority Other originated after 2019 NJ 1% 3% PR 8% Credit Metrics Metric Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 30-89 DPD/Loans 0.12% 0.29% 0.23% 0.44% 0.16% FL NPL/Loans 0.37% 0.37% 0.37% 0.43% 0.35% 27% NCO Ratio 0.00% 0.00% 0.00% 0.00% 0.00% NY ACL/Loans 0.40% 0.38% 0.57% 0.67% 0.67% 61% ACL/NPL 109.72% 105.20% 153.90% 153.60% 191.90% Classified Loans/Loans 1.30% 1.10% 0.97% 1.27% 1.20% 25

Auto Loan Portfolio Highlights: Delinquency Avg. 2011-2019 9/30/2025 ($in millions) • Improvements in credit quality of originations 6.17% 4.65% • Auto balances have steadily increased since the pandemic 4500 0.06 $3,862 $3,851 $3,819 $3,821 $3,820 $3,773 $3,707 4000 $3,661 $3,633 • Delinquency and NCO levels for the period remained 0.05 3500 below the pre-pandemic average benchmark $2,918 5.00% 4.73% 3000 4.67% 4.65% 0.04 4.46% 4.29% • FICO mix of originations have remained robust, with 4.20% 4.64% 2500 3.86% 0.03 3.57% weighted-average FICO scores of approximately 739 2000 1500 0.02 • Q3 2025 originations were split approximately 66%/34% 1000 between new/used auto loans 0.01 500 $135 $153 $173 $143 $168 $178 $191 $136 $166 $179 0 0 Q4 2019 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 30+ DPD Portfolio 30+ DPD/Portfolio FICO Mix of Originations (% of approved amount) NCOs and NCO-to-Loan Ratio 739 737 729 732 731 723 720 721 719 ($ in millions) Avg. 2011-2019 YTD 700 100% 1.88% 1.11% 4% 5% 5% 6% 6% 6% 7% 7% 8% 2% 6% 4% 4% 3% 2% 600 7% 7% 9% 20 0.03 80% 23% 23% 18 26% 24% 24% 500 30% 27% 26% 0.025 26% 16 60% 14 2.44% 400 0.02 12 300 10 0.015 40% 8 70% 67% 65% 66% 66% 200 61% 60% 60% 1.25% 0.01 58% 6 20% 4 100 0.005 2 $18 $10 $16 $14 $10 $17 $19 $13 $7 $12 0% 0 0 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q4 2019 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 700+ 625-699 <625 No FICO WA FICO Auto NCOs NCOs % 26

Auto Lease Portfolio Highlights: Delinquency Avg. 2011-2019 9/30/2025 ($in millions) • Auto lease balances have grown steadily since the 2.06% 1.83% 2500 0.06 pandemic $1,999 $1,983 $1,950 $1,925 0.05 $1,887 • Delinquency and NCO levels for the period remained 2000 $1,828 $1,765 $1,732 $1,698 below the pre-pandemic average benchmark 0.04 1500 • NCOs have continued to improve during 2025 0.03 $1,060 • FICO mix of originations have remained robust, with 2.06% 2.05% 1000 1.85% 1.81% 1.79% 1.83% 1.77% 1.73% 1.71% 1.69% weighted-average FICO scores of approximately 744 0.02 500 0.01 $19 $29 $35 $32 $33 $32 $40 $33 $37 $37 0 0 Q4 2019 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 30+ DPD Portfolio 30+ DPD/Loans FICO Mix of Originations (% of approved amount) NCOs and NCO-to-Loan Ratio 743 744 741 736 735 732 730 730 731 ($ in millions) Avg. 2011-2019 YTD 700 100% 0.65% 0.55% 2% 3% 3% 3% 3% 3% 4% 4% 4% 600 17% 19% 18% 4 0.012 22% 24% 23% 26% 26% 26% 80% 3.5 500 0.01 3 60% 400 0.008 2.5 1.07% 300 2 0.006 40% 80% 78% 79% 75% 74% 73% 71% 70% 70% 1.5 200 0.004 1 0.41% 20% 0.002 100 0.5 $3 $1 $4 $3 $2 $4 $3 $3 $2 $4 0 0 0% 0 Q4 2019 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 2017 2018 2019 2020 2021 2022 2023 2024 2025 700+ 625-699 <625 No FICO WA FICO Leases NCOs NCO % 27

Credit Card Portfolio Highlights: Delinquency Avg. 2011-2019 9/30/2025 ($in millions) • Improvements in credit quality of originations 3.74% 4.01% • Balances continue to increase due to higher originations 1400 0.06 and increased usage post pandemic $1,226 $1,218 $1,215 $1,187 $1,188 $1,163 0.055 $1,142 $1,136 $1,124 1200 $1,077 0.05 • Delinquency and NCOs continue above the pre-pandemic 0.045 1000 4.85% benchmark, with NCOs showing improvements over the 0.04 4.62% 4.58% 0.035 800 4.16% prior quarter 4.09% 4.06% 4.01% 4.01% 0.03 3.45% 3.44% 600 0.025 • FICO mix of originations have remained robust, with 0.02 weighted-average FICO scores of approximately 772 400 0.015 0.01 200 0.005 $39 $37 $46 $46 $48 $55 $59 $54 $49 $49 0 0 Q4 2019 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 30+ DPD Portfolio 30+ DPD/Loans FICO Mix of Originations NCOs and NCO-to-Loan Ratio (% of approved amount) 772 768 ($in millions) 754 753 Avg. 2011-2019 YTD 748 748 750 749 750 0% 2% 2% 2% 2% 3.67% 5.40% 3% 3% 4% 100% 5% 700 2% 1% 1% 1% 3% 2% 2% 3% 2% 20 0.07 600 18 80% 30% 32% 0.06 42% 45% 44% 500 16 43% 45% 45% 44% 0.05 14 60% 400 5.03% 12 0.04 10 300 40% 0.03 8 67% 65% 200 6 3.21% 55% 53% 0.02 51% 51% 50% 49% 49% 20% 4 100 0.01 2 $8 $9 $11 $14 $14 $15 $17 $16 $17 $15 0% 0 0 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q4 2019 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Credit Card NCOs NCOs % 750+ 650-749 <650 No FICO WA FICO 28

P.R. Personal Loan Portfolio Highlights: Delinquency Avg. 2011-2019 9/30/2025 ($ in millions) • Credit quality of originations remains strong 3.61% 2.72% 200 0 0.06 • Portfolio balances have increased since the pandemic, but $1,823 $1,792 $1,776 $1,763 $1,754 $1,754 $1,756 $1,746 $1,745 180 0 at a slower pace since 2024 due to tightening measures 0.05 160 0 $1,368 • Delinquency remained below the pre-pandemic average 140 0 0.04 benchmark 120 0 100 0 0.03 • NCO levels for the period remained above the pre- 3.19% 3.15% 3.09% 800 3.01% 2.97% pandemic average benchmark. NCO Ratio of 3.47% in Q3 2.92% 2.87% 2.77% 2.72% 2.70% 0.02 600 2025 showed improvements over the prior quarter 400 0.01 • FICO mix of originations have remained robust, with 200 $43 $51 $53 $51 $54 $56 $53 $49 $48 $50 weighted-average FICO scores of 747 in recent vintages 0 0 Q4 2019 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 30+ DPD Portfolio 30+ DPD/Loans FICO Mix of Originations NCOs and NCO- to Loan Ratio (% of approved amount) ($ in millions) Avg. 2011-2019 YTD 748 746 747 738 741 740 738 738 736 2.53% 3.73% 0% 0% 0% 1% 1% 2% 2% 700 3% 3% 100% 25 0.07 2% 2% 3% 3% 3% 3% 3% 4% 5% 600 0.06 80% 20 500 49% 49% 0.05 46% 51% 53% 56% 50% 56% 49% 60% 15 400 0.04 4.19% 300 0.03 40% 3.47% 10 200 0.02 49% 49% 49% 20% 44% 43% 43% 43% 5 41% 40% 100 0.01 $14 $17 $20 $22 $21 $22 $23 $18 $16 $16 0% 0 0 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q4 2019 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 750+ 650-749 <650 No FICO WA FICO Personal loan NCOs NCO % 29

P.R. Public Sector Exposure • Substantially all the Corporation’s direct exposure outstanding in Q3 were obligations from various Puerto Rico municipalities. As of September 30, 2025, our direct exposure outstanding to P.R. municipalities amounted to $342 million, decreasing by $20 million when compared to the prior quarter • Our direct exposure to P.R. government entities at September 30, 2025 was up to $47 million in Automated Clearing House (“ACH”) transaction settlement exposure, none of which was outstanding Outstanding P.R. Sector Exposure Municipalities ($ in millions) Loans Securities Total Obligations of municipalities are backed by real and personal property taxes, municipal excise taxes, and/or a percentage of the sales and use tax Municipalities $ 333 $ 9 $ 342 PR government entities P.R. Government Entities $ - $ - $ - Obligations of the Commonwealth of Puerto Rico, its agencies and instrumentalities (excluding municipalities) Indirect exposure $ 165 $ 43 $ 208 Indirect exposure Includes loans or securities that are payable by non-governmental entities, but which carry a government guarantee to cover any shortfall in collateral in the event of borrower default. Majority are single-family mortgage related 30

Popular’s Credit Ratings Senior Uns Senior Unsec ecur ured ed Ratings Ratings Fitch BBB- Stable Outlook S&P BB+ Stable Outlook Moody’s Ba1 Positive Outlook 2018 2019 2020 2021 2022 2025 April April June Moody’s Moody's Fitch upgrades upgrades to upgrades to B1 to BBB- from April September Ba3 from B1 September from B2 May March BB, revised S&P upgrades to Moody’s upgrades Moody’s Fitch Moody’s Fitch and S&P May S&P revised outlook to BB+ from BB-, to Ba1 from Ba3, upgrades upgrades to revised outlook revised outlook Fitch revised outlook to Stable revised outlook revised outlook to outlook to BB from BB- to Positive to Positive outlook to Positive Positive to Stable Stable Positive March S&P lowers outlook to Stable 31

Investor Presentation Third Quarter 2025

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