Exhibit 99.1

Popular, Inc. Announces Second Quarter 2025 Financial Results

• Net income of $210.4 million in Q2 2025, compared to net income of $177.5 million in Q1 2025.

• Earnings per share (“EPS”) of $3.09 in Q2 2025 vs. $2.56 in Q1 2025.

• Net interest income of $631.5 million in Q2 2025, an increase of $25.9 million when compared to Q1 2025.

• Net interest margin of 3.49% in Q2 2025, compared to 3.40% in Q1 2025; net interest margin on a taxable equivalent basis of 3.85% in Q2 2025, compared to 3.73% in Q1 2025.

• Non-interest income of $168.5 million in Q2 2025, compared to $152.1 million in Q1 2025.

• Operating expenses amounted to $492.8 million, compared to $471.0 million in Q1 2025.

• Credit quality metrics improved:

• Non-performing loans held-in-portfolio (“NPLs”) decreased by $2.4 million from Q1 2025; NPLs to loans ratio decreased two basis points to 0.82%;

• Net charge-offs (“NCOs”) decreased by $6.9 million from Q1 2025; annualized NCOs to average loans held-in-portfolio at 0.45% vs. 0.53% in Q1 2025.

• Allowance for credit losses (“ACL”) to loans held-in-portfolio at 2.02% vs. 2.05% in Q1 2025; and

• ACL to NPLs at 246.9% vs. 242.7% in Q1 2025.

• Money market and investment securities increased by $1.1 billion from Q1 2025; average quarterly balances increased by $261.9 million.

• Loans held in portfolio, excluding loans held-for-sale, amounted to $38.2 billion, up $931.1 million from Q1 2025; average quarterly loan balances higher by $579.0 million.

• Deposit balances amounted to $67.2 billion, an increase of $1.4 billion from Q1 2025; average quarterly deposits higher by $498.6 million.

• Common Equity Tier 1 ratio of 15.91%, Common Equity per share of $87.31 and Tangible Book Value per share increase of $3.39 to $75.41 at June 30, 2025.

• Capital actions during the quarter ended June 30, 2025 included the repurchase of 1,136,390 shares of common stock for $112.0 million at an average price of $98.54 per share. As of June 30, 2025, a total of $451.5 million had been repurchased under a common stock repurchase authorization of up to $500 million announced in Q3 2024.

SAN JUAN, Puerto Rico – (BUSINESS WIRE) – Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $210.4 million for the quarter ended June 30, 2025, compared to net income of $177.5 million for the quarter ended March 31, 2025.

“We delivered strong performance in the second quarter, highlighted by higher net interest income, an expanding net interest margin, healthy loan and deposit growth, and improved credit quality,” said Javier D. Ferrer, President and Chief Executive Officer of Popular, Inc. “I would like to recognize our colleagues, whose hard work made these achievements possible. I assume the role of CEO with a deep sense of responsibility and genuinely honored by the privilege of leading such a talented and dedicated team.

We recently announced an increase in our quarterly common stock dividend, from $0.70 to $0.75 per share, and a new common stock repurchase program of up to $500 million — actions that reflect the strength of our capital position and our continued commitment to delivering value to shareholders.

Our focus continues to be on executing our Transformation, ensuring we are the #1 bank for our customers while simplifying our operations to improve efficiency. With the progress we are making, we are optimistic about our future and confident in our ability to drive sustained performance.”

4

Significant Events

Capital actions

On July 16, 2025, the Corporation announced the following capital actions:

• an increase in the Corporation’s quarterly common stock dividend from $0.70 to $0.75 per share, commencing with the dividend payable in the fourth quarter of 2025, subject to the approval by the Corporation’s Board of Directors; and

• a new common stock repurchase program of up to $500 million.

This new common stock repurchase program is in addition to the $500 million common stock repurchase program announced by the Corporation on July 24, 2024 (the “2024 Repurchase Program”). As of July 15, 2025, approximately $32.8 million remained available for common stock repurchases under the 2024 Repurchase Program.

The Corporation’s planned common stock repurchases may be executed in open market transactions, privately negotiated transactions, block trades or any other manner determined by the Corporation. The timing, quantity and price of such repurchases will be subject to various factors, including market conditions, the Corporation’s capital position and financial performance, the capital impact of strategic initiatives and regulatory and tax considerations. The common stock repurchase program does not require the Corporation to acquire a specific dollar amount or number of shares and may be modified, suspended or terminated at any time without prior notice.

Earnings Highlights

(Unaudited)	Quarters ended						Six months ended
(Dollars in thousands, except per share information)	30-Jun-25		31-Mar-25		30-Jun-24		30-Jun-25		30-Jun-24
Net interest income	$	631,549	$	605,597	$	568,312	$	1,237,146	$	1,119,056
Provision for credit losses		48,941		64,081		46,794		113,022		119,392
Net interest income after provision for credit losses		582,608		541,516		521,518		1,124,124		999,664
Other non-interest income		168,477		152,061		166,306		320,538		330,124
Operating expenses		492,761		471,012		469,576		963,773		952,689
Income before income tax		258,324		222,565		218,248		480,889		377,099
Income tax expense		47,884		45,063		40,459		92,947		96,027
Net income	$	210,440	$	177,502	$	177,789	$	387,942	$	281,072
Net income applicable to common stock	$	210,087	$	177,149	$	177,436	$	387,236	$	280,366
Net income per common share-basic	$	3.09	$	2.56	$	2.47	$	5.64	$	3.90
Net income per common share-diluted	$	3.09	$	2.56	$	2.46	$	5.64	$	3.90

5

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 has determined that these measures provide more meaningful information about the underlying performance of the Corporation’s 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 June 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.

6

Net Interest Income and Net Interest Margin

The Corporation’s net interest income for the second quarter of 2025 was $631.5 million, an increase of $25.9 million compared to $605.6 million in the previous quarter. The net interest margin (“NIM”) for the quarter was 3.49%, compared to 3.40% in the first quarter of 2025, an increase of nine basis points. Net interest income was positively impacted by one additional day when compared to the previous quarter, resulting in higher net interest income by $4.9 million.

During the period, average deposits increased by $498.6 million, including $143.2 million in average non-interest bearing deposits, compared to the first quarter of 2025, which enabled NIM expansion as a result of the increase in U.S. Treasuries at higher rates. NIM expansion was also driven by loan growth in the commercial, construction, mortgage and auto portfolios, as well as a favorable repricing of P.R. public deposits in Banco Popular de Puerto Rico (“BPPR”) and Popular Bank (“PB”, or “Popular U.S.”) deposits.

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

Net interest income on a taxable equivalent basis for the second quarter of 2025 was $697.2 million, an increase of $33.3 million. Net interest margin on a taxable equivalent basis for the second quarter of 2025 was 3.85%, an increase of 12 basis points.

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

• higher income from investment securities by $15.9 million or 15 basis points due to investment activity of U.S. Treasuries at higher yields, largely attributed to higher average deposits as described above;

• higher interest income from loans by $19.0 million, or two basis points, attributable to higher average loan balances and robust growth across most portfolios. Higher yields were noted across the majority of the loan portfolios which contributed to the increase during the period when compared to the first quarter of 2025, most notably in commercial by two basis points, in mortgage by seven basis points and in auto by two basis points; and

• lower interest expense on interest-bearing deposits by $2.8 million, or seven basis points, driven primarily by a reduction in the cost of market-linked P.R. public deposits by 10 basis points and the cost of deposits in PB by 14 basis points, partially offset by an increase in the cost of interest-bearing deposits, excluding P.R. public deposits in BPPR. Total deposit costs decreased by five basis points to 1.78% quarter-over-quarter; excluding P.R. public deposits, total deposit costs were lower by two basis points to 1.15%;

partially offset by:

• higher interest expense in other short-term borrowings by $3.8 million driven by FHLB advances in Popular Bank.

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

For the BPPR segment, net interest income for the second quarter of 2025 was $538.5 million, representing an increase of $16.6 million over the previous quarter. Net interest margin increased by five basis points to 3.68%. Higher interest income was primarily attributed to:

• $9.5 million, or eight basis points increase in investment securities, mainly U.S. Treasuries, driven by higher average deposits, which increased by $485.3 million, including $93.4 million in average non-interest bearing deposits; and

7

• $8.5 million increase in income from loans due to higher average balances, mainly in the mortgage portfolio with an increase in average portfolio balance of $154.6 million, higher yields in the auto portfolio, and one additional day in the period compared to the previous quarter.

While the cost of P.R public deposits went down by 10 basis points, total deposit costs in BPPR decreased by three basis points to 1.52% quarter-over-quarter. The cost of new or renewed retail time deposits and commercial interest-bearing deposits at BPPR partially offset the positive impact from the repricing of P.R. public deposits.

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

In the PB segment, net interest income was $102.2 million, $9.3 million higher when compared to the previous quarter. Net interest margin in the PB segment expanded by 19 basis points to 2.93%.

• During the period, interest income from loan portfolios increased by $9.4 million, or 14 basis points, compared to the previous quarter, primarily due to higher average balances and higher yields in the commercial and construction loan portfolios.

• The total cost of deposits decreased by $3.7 million, or 13 basis points, largely as a result of repricing across all deposit products and lower average balances, except for the higher average balances of time deposits captured through PB’s online channel. The average balance of short-term borrowings at Popular Bank increased by $339.2 million during the period, resulting in an increase in interest expense of $3.8 million and partially offsetting the benefit of reduced deposit costs on total interest expense. Nevertheless, PB’s NIM benefited from a seven-basis point reduction in the total cost of funds, driven by the decrease in deposit costs.

Refer to tables D and E for more details on the components of net interest income and net interest margin on a taxable equivalent basis.

Non-interest income

Non-interest income amounted to $168.5 million for the quarter ended June 30, 2025, an increase of $16.4 million when compared to $152.1 million for the previous quarter. Non-interest income for the period was positively impacted by market-driven adjustments and certain other transactions including tax-related reimbursements and distributions from legacy investments. The service fee income for the quarter also reflects increased seasonal activity.

Refer below to a detailed breakdown of the main variances affecting non-interest income.

• higher other operating income by $7.2 million, mainly due to higher income from investments accounted under the equity investment method by $2.6 million, a positive variance of $2.3 million for the reimbursement of interest paid in excess to the U.S. Internal Revenue Service for late payment penalties related to tax withholdings on intercompany distributions for the years 2014-2024 previously disclosed in 2024, and a $1.2 million cash distribution from the exit of a legacy equity investment;

• higher other service fees by $6.0 million mainly due to higher credit card and debit card fees by $2.4 million and $1.5 million, respectively, due to an increase in purchase volume, and higher insurance fees by $1.4 million; and

• favorable fair value adjustments for an aggregate of $3.9 million, including $2.3 million for the valuation of equity securities held for deferred benefit plans, which have an offsetting effect in personnel costs, and a variance of $1.6 million in the fair value adjustment of mortgage servicing rights (“MSRs”).

Refer to Table B for further details.

8

Operating expenses

Operating expenses for the second quarter of 2025 totaled $492.8 million, an increase of $21.7 million when compared to the first quarter of 2025. Total operating expenses are driven by personnel costs, professional fees and investment in technology and compliance.

The variance in operating expenses was driven primarily by:

• higher personnel costs by $16.6 million mainly due to higher incentives, including $13.0 million related to the profit-sharing plan which is tied to the Corporation’s financial performance and $4.7 million in other performance-based incentives, an increase in health insurance costs by $4.1 million, and a $2.3 million increase in the expense related to the valuation of equity securities held for deferred compensation plans, which have an offsetting effect in equity securities income; partially offset by lower other compensation by $3.7 million, and lower savings plan and payroll tax expense by $2.3 million and $1.9 million, respectively, both which are generally higher during the first quarter of the year;

• higher business promotion expenses by $2.7 million, mainly due to higher volume of transactions tied to a customer reward program in our credit card business; and

• higher net occupancy expenses by $1.9 million mainly due to lower rental income driven by reduced lease space, higher cleaning expenses and higher depreciation from new office remodeling.

Full-time equivalent employees were 9,303 as of June 30, 2025, compared to 9,274 as of March 31, 2025.

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

Income taxes

For the second quarter of 2025, the Corporation recorded an income tax expense of $47.9 million, compared to an income tax expense of $45.1 million for the previous quarter. Higher income tax expense of $2.8 million is mainly driven by higher income before tax, offset in part by higher exempt income.

The effective tax rate (“ETR”) for the second quarter of 2025 was 18.5%, compared to 20.2% for the previous quarter. The ETR of the Corporation is impacted by the composition and source of its taxable income.

9

Credit Quality

The Corporation’s credit quality metrics demonstrated favorable trends in the second quarter of 2025 compared to the previous quarter, with improvements in NPLs and NCOs. 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 second quarter of 2025:

Non-Performing Loans and Net Charge Offs

Total NPLs decreased by $2.4 million to $311.6 million compared to the previous quarter. Excluding consumer loans, inflows of NPLs held-in-the-portfolio decreased by $4.1 million in the second quarter of 2025. The ratio of NPLs to total loans held in the portfolio was 0.82% for the second quarter of 2025, compared to 0.84% for the previous quarter. NPLs variances per reporting segment include:

• In the BPPR segment, NPLs decreased by $4.4 million, reflected across all loan segments. Excluding consumer loans, inflows to NPLs in the BPPR segment decreased by $4.8 million compared to the previous quarter, mostly related to lower commercial NPLs inflows.

• In the PB segment, NPLs increased by $1.9 million driven by higher commercial NPLs by $4.2 million. Inflows to NPLs, excluding consumer loans, remained flat quarter-over-quarter.

Total NCOs of $42.2 million decreased by $6.9 million when compared to the first quarter of 2025. The Corporation’s ratio of annualized NCOs to average loans held-in-portfolio for the second quarter was 0.45%, compared to 0.53% in the first quarter of 2025.

NCOs variances per reporting segment include:

• In the BPPR segment, NCOs decreased by $6.9 million, mainly driven by lower auto and personal loans NCOs by $6.9 million and $2.6 million, respectively, partially offset by higher commercial NCOs by $2.5 million, mainly driven by a $3.8 million recovery recognized in the previous quarter.

• In the PB segment, NCOs remained flat quarter-over-quarter at $2 million.

Including OREO assets of $46.1 million, Non-performing Assets (“NPAs”) for the Corporation amounted to $357.8 million, a decrease of $8.4 million during the period driven by the sale of residential OREO properties, at a net gain, in the BPPR segment.

Refer to Table N for further information on NCOs and related ratios.

Refer to Table L for additional information on NPAs and related ratios.

Allowance for Credit Losses and Provision for Credit Losses

The ACL as of June 30, 2025 amounted to $769.5 million, an increase of $7.3 million when compared to the first quarter of 2025. The increase in ACL was driven by reserve build up associated with portfolio growth and unfavorable changes in the economic assumptions used in the ACL model. This increase was offset in part by the update to probability weights assigned to the economic scenarios, as further described below, and the net effect of changes in credit quality, and NCOs during the quarter.

10

The Corporation uses multiple economic scenarios to estimate its ACL. In the first quarter of 2025, management assigned equal probability weights to the baseline and pessimistic scenarios in response to economic uncertainty. In the second quarter of 2025, the probability weight for the pessimistic scenario was moderately decreased based on changes in the economic outlook and a reassessment of uncertainty compared to the previous quarter. This change resulted in a $4.5 million reduction in ACL reserve levels. The probability weight for the pessimistic scenario remains above the levels observed in 2024, given the ongoing economic uncertainty. 

In the BPPR segment, the ACL increased by $3.0 million when compared to the previous quarter. This higher ACL was driven by an increase in the reserves for auto loans due to migrations between FICO score categories and changes in the economic scenarios. This increase was partially offset by lower reserves for commercial loans due to improvements in credit quality and changes in the probability weights, partially offset by ACL reserve build up due to portfolio growth.

In the PB segment, the ACL increased by $4.4 million from the previous quarter. This increase was influenced by changes in the forecast of the U.S. unemployment rate as well as higher qualitative reserves for the Commercial Real Estate (“CRE”) portfolio.

The Corporation’s ratio of the ACL to loans held-in-portfolio was 2.02% in the second quarter of 2025, compared to 2.05% in the previous quarter. The ratio of the ACL to NPLs held-in-portfolio was 246.9%, compared to 242.7% in the previous quarter.

The provision for loan losses for the loan and lease portfolios for the second quarter of 2025 was $49.5 million, a decrease of $15.7 million when compared to $65.2 million in the previous quarter. The provision for loan losses for the BPPR segment amounted to $43.2 million, compared to $52.7 million in the previous quarter. This reduction was mainly driven by lower provision expense for commercial loans and leases. The provision for loan losses for the PB segment amounted to $6.4 million, compared to $12.5 million in the prior quarter. The reduction in provision expense occurred mainly within the commercial loan portfolio.

The provision for credit losses for the second quarter of $48.9 million, includes the provision for loan and lease losses, along with the $1.1 million reserve release related to unfunded loan commitments and the $0.5 million provision for the Corporation’s investment portfolio.

Refer to Table L for break-out of non-performing assets and related ratios and to Table N for allowance for credit losses, net charge-offs and related ratios.

11

Non-Performing Assets

(Unaudited)
(In thousands)	30-Jun-25			31-Mar-25			30-Jun-24
Non-performing loans held-in-portfolio	$	311,625		$	314,069		$	341,835
Other real estate owned		46,126			52,114			70,225
Total non-performing assets	$	357,751		$	366,183		$	412,060
Net charge-offs for the quarter	$	42,202		$	49,103		$	53,630
Ratios:
Loans held-in-portfolio	$	38,185,178		$	37,254,032		$	35,591,620
Non-performing loans held-in-portfolio to loans held-in-portfolio		0.82	%		0.84	%		0.96	%
Allowance for credit losses to loans held-in-portfolio		2.02			2.05			2.05
Allowance for credit losses to non-performing loans, excluding loans held-for-sale		246.93			242.67			213.58

Refer to Table L for additional information.

Provision for Credit Losses (Benefit)- Loan Portfolios

(Unaudited)	Quarters ended							Six months ended
(In thousands)	30-Jun-25		31-Mar-25		30-Jun-24			30-Jun-25		30-Jun-24
Provision for credit losses (benefit) - loan portfolios:
BPPR	$	43,150	$	52,690	$	48,585		$	95,840	$	109,593
Popular U.S.		6,389		12,528		(4,428	)		18,917		6,950
Total provision for credit losses (benefit) - loan portfolios	$	49,539	$	65,218	$	44,157		$	114,757	$	116,543

Credit Quality by Segment

(Unaudited)
(Dollars in thousands)	Quarters ended
BPPR	30-Jun-25			31-Mar-25			30-Jun-24
Provision for credit losses - loan portfolios	$	43,150		$	52,690		$	48,585
Net charge-offs		40,164			47,102			49,308
Total non-performing loans held-in-portfolio		257,648			262,006			286,887
Annualized net charge-offs to average loans held-in-portfolio		0.61	%		0.72	%		0.79	%
Allowance / loans held-in-portfolio		2.53	%		2.59	%		2.56	%
Allowance / non-performing loans held-in-portfolio		263.63	%		258.11	%		224.34	%
	Quarters ended
Popular U.S.	30-Jun-25			31-Mar-25			30-Jun-24
Provision for credit losses (benefit) - loan portfolios	$	6,389		$	12,528		$	(4,428	)
Net charge-offs		2,038			2,001			4,322
Total non-performing loans held-in-portfolio		53,977			52,063			54,948
Annualized net charge-offs to average loans held-in-portfolio		0.07	%		0.07	%		0.16	%
Allowance / loans held-in-portfolio		0.79	%		0.77	%		0.83	%
Allowance / non-performing loans held-in-portfolio		167.17	%		164.96	%		157.37	%

12

Financial Condition Highlights

(Unaudited)
(In thousands)	30-Jun-25		31-Mar-25		30-Jun-24
Cash and money market investments	$	6,741,417	$	6,575,193	$	7,211,367
Investment securities		28,283,970		27,375,396		26,742,639
Loans		38,185,178		37,254,032		35,591,620
Total assets		76,065,090		74,038,606		72,845,072
Deposits		67,217,491		65,819,255		65,530,862
Borrowings		1,414,494		1,090,417		1,047,264
Total liabilities		70,111,072		68,238,911		67,472,394
Stockholders’ equity		5,954,018		5,799,695		5,372,678

13

Total assets amounted to $76.1 billion at June 30, 2025, an increase of $2.0 billion from the first quarter of 2025, driven by:

• an increase in securities available-for-sale (“AFS”) of $997.0 million, mainly due to an increase in investments in U.S. Treasury securities and a decrease in the unrealized losses of AFS securities of $63.7 million, partially offset by maturities and principal paydowns;

• an increase in loans held-in-portfolio by $931.1 million, driven by an increase of $680.4 million in the BPPR segment across most portfolios, particularly commercial, including the origination of a $265.0 million commercial loan which represents the Corporation’s portion of a $425.0 million issuance in which BPPR acted as the lead bank and administrative agent, and mortgage loans, coupled with an increase of $250.7 million in the PB segment, particularly commercial and construction loans; and

• an increase in money market investments of $145.8 million, mainly driven by higher deposits, partially offset by the purchase of investments in U.S. Treasury securities and loan originations;

partially offset by:

• a decrease in securities held-to-maturity (“HTM”) of $107.0 million driven by maturities and principal paydowns, partially offset by the amortization of $46.2 million of the discount related to U.S. Treasury securities previously reclassified from AFS to HTM.

Total liabilities increased by $1.9 billion from the first quarter of 2025, driven by:

• an increase of $1.4 billion in deposits, primarily driven by an increase in P.R. public deposits of approximately $1.3 billion, mainly due to tax collections, net of reimbursements. At quarter-end, P.R. public deposits totaled $20.9 billion and represented 31% of the Corporation’s total deposit portfolio; and

• an increase in other short-term borrowings of $350 million due to FHLB advances in PB.

Stockholders’ equity increased by $154.3 million from the first quarter of 2025 mainly due to the quarter’s net income of $210.4 million, a decrease in net unrealized losses in the portfolio of AFS securities of $48.4 million and the amortization of unrealized losses from securities previously reclassified to HTM of $37.0 million, net of tax, and other changes, mainly in accumulated other comprehensive income, for $16.0 million, partially offset by an increase in Treasury Stock of $109.3 million mainly due to common stock repurchases during the quarter and common and preferred dividends declared during the quarter of $48.2 million.

During the quarter and six months ended June 30, 2025, Popular repurchased 1,136,390 shares of common stock for $112.0 million at an average price of $98.54 per share and 2,406,959 shares of common stock for $234.2 million at an average price of $97.32 per share, respectively. As of June 30, 2025, Popular had repurchased a total of approximately 4.7 million shares of common stock for $451.5 million as part of the common stock repurchase authorization of up to $500 million announced in Q3 2024.

Common Equity Tier 1 ratio (“CET1”), common equity per share and tangible book value per share were 15.91%, $87.31 and $75.41 respectively, at June 30, 2025, compared to 16.11%, $83.75 and $72.02, respectively, at March 31, 2025.

Refer to Table A for capital ratios.

14

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including without limitation those regarding Popular’s business, financial condition, results of operations, plans, objectives and future performance. These statements are not guarantees of future performance, are based on management’s current expectations and, by their nature, involve risks, uncertainties, estimates and assumptions. Potential factors, some of which are beyond the Corporation’s control, could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. Risks and uncertainties include, without limitation, the effect of competitive and economic factors, and our reaction to those factors, the adequacy of the allowance for loan losses, delinquency trends, market risk and the impact of interest rate changes (including on our cost of deposits), our ability to attract deposits and grow our loan portfolio, capital market conditions, capital adequacy and liquidity, the effect of legal and regulatory proceedings, new regulatory requirements or accounting standards on the Corporation’s financial condition and results of operations, the occurrence of unforeseen or catastrophic events, such as extreme weather events, pandemics, man-made disasters or acts of violence or war, as well as actions taken by governmental authorities in response thereto, and the direct and indirect impact of such events on Popular, our customers, service providers and third parties. Other potential factors include Popular’s ability to successfully execute its transformation initiative, including, but not limited to, achieving projected earnings, efficiencies and return on tangible common equity and accurately anticipating costs and expenses associated therewith, 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, 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 quarter ended March 31, 2025, and the Form 10-Q for the quarter ended June 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.

Conference Call

Popular will hold a conference call to discuss its financial results today, Wednesday, July 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 1-404-975-4839 (Local). The dial-in access code is 297124.

15

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 Friday, August 22, 2025. The replay dial in is: 1-866-813-9403 or 1-929-458-6194. The replay passcode is 734694.

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

16

Popular, Inc.

Financial Supplement to Second 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

17

POPULAR, INC.

Financial Supplement to Second Quarter 2025 Earnings Release

Table A - Selected Ratios and Other Information

(Unaudited)

	Quarters ended									Six months ended
	30-Jun-25			31-Mar-25			30-Jun-24			30-Jun-25			30-Jun-24
Basic EPS	$	3.09		$	2.56		$	2.47		$	5.64		$	3.90
Diluted EPS	$	3.09		$	2.56		$	2.46		$	5.64		$	3.90
Average common shares outstanding		68,050,361			69,280,137			71,970,773			68,661,851			71,920,254
Average common shares outstanding - assuming dilution		68,079,649			69,307,681			71,991,911			68,687,659			71,937,434
Common shares outstanding at end of period		67,937,468			68,984,148			72,365,926			67,937,468			72,365,926
Market value per common share	$	110.21		$	92.37		$	88.43		$	110.21		$	88.43
Market capitalization - (In millions)	$	7,487		$	6,372		$	6,399		$	7,487		$	6,399
Return on average assets		1.11	%		0.96	%		0.97	%		1.04	%		0.77	%
Return on average common equity		11.77	%		10.07	%		10.38	%		10.93	%		8.24	%
Net interest margin (non-taxable equivalent basis)		3.49	%		3.40	%		3.22	%		3.45	%		3.20	%
Net interest margin (taxable equivalent basis) -non-GAAP		3.85	%		3.73	%		3.48	%		3.80	%		3.44	%
Common equity per share	$	87.31		$	83.75		$	73.94		$	87.31		$	73.94
Tangible common book value per common share (non-GAAP) [1]	$	75.41		$	72.02		$	62.71		$	75.41		$	62.71
Tangible common equity to tangible assets (non-GAAP) [1]		6.81	%		6.78	%		6.30	%		6.81	%		6.30	%
Return on average tangible common equity [1]		13.26	%		11.36	%		11.77	%		12.32	%		9.35	%
Tier 1 capital		15.96	%		16.17	%		16.54	%		15.96	%		16.54	%
Total capital		17.70	%		17.92	%		18.30	%		17.70	%		18.30	%
Tier 1 leverage		8.51	%		8.50	%		8.53	%		8.51	%		8.53	%
Common Equity Tier 1 capital		15.91	%		16.11	%		16.48	%		15.91	%		16.48	%

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

18

POPULAR, INC.

Financial Supplement to Second Quarter 2025 Earnings Release

Table B - Consolidated Statement of Operations

(Unaudited)

	Quarters ended						Variance Quarter ended						Variance			Six months ended
							Q2 2025						Q2 2025
(In thousands, except per share information)	30-Jun-25			31-Mar-25			vs. Q1 2025			30-Jun-24			vs. Q2 2024			30-Jun-25			30-Jun-24
Interest income:
Loans	$	684,587		$	666,673		$	17,914		$	648,739		$	35,848		$	1,351,260		$	1,287,469
Money market investments		69,532			70,166			(634	)		88,316			(18,784	)		139,698			176,832
Investment securities		189,753			180,159			9,594			184,852			4,901			369,912			351,747
Total interest income		943,872			916,998			26,874			921,907			21,965			1,860,870			1,816,048
Interest expense:
Deposits		295,058			297,863			(2,805	)		339,939			(44,881	)		592,921			669,435
Short-term borrowings		5,300			1,426			3,874			1,126			4,174			6,726			2,318
Long-term debt		11,965			12,112			(147	)		12,530			(565	)		24,077			25,239
Total interest expense		312,323			311,401			922			353,595			(41,272	)		623,724			696,992
Net interest income		631,549			605,597			25,952			568,312			63,237			1,237,146			1,119,056
Provision for credit losses		48,941			64,081			(15,140	)		46,794			2,147			113,022			119,392
Net interest income after provision for credit losses		582,608			541,516			41,092			521,518			61,090			1,124,124			999,664
Service charges on deposit accounts		38,826			39,054			(228	)		37,526			1,300			77,880			74,968
Other service fees		100,522			94,508			6,014			96,863			3,659			195,030			191,135
Mortgage banking activities		4,872			3,689			1,183			5,723			(851	)		8,561			10,083
Net gain (loss), including impairment, on equity securities		1,862			(414	)		2,276			319			1,543			1,448			1,422
Net gain on trading account debt securities		538			520			18			277			261			1,058			638
Adjustments to indemnity reserves on loans sold		120			173			(53	)		212			(92	)		293			(25	)
Other operating income		21,737			14,531			7,206			25,386			(3,649	)		36,268			51,903
Total non-interest income		168,477			152,061			16,416			166,306			2,171			320,538			330,124
Operating expenses:
Personnel costs
Salaries		132,752			130,950			1,802			128,634			4,118			263,702			258,018
Commissions, incentives and other bonuses		40,551			37,986			2,565			30,626			9,925			78,537			69,237
Profit sharing		13,000			—			13,000			—			13,000			13,000			—
Pension, postretirement and medical insurance		18,458			14,566			3,892			16,619			1,839			33,024			34,004
Other personnel costs, including payroll taxes		24,594			29,211			(4,617	)		21,545			3,049			53,805			51,542
Total personnel costs		229,355			212,713			16,642			197,424			31,931			442,068			412,801
Net occupancy expenses		29,140			27,218			1,922			27,692			1,448			56,358			55,733
Equipment expenses		5,789			5,302			487			9,662			(3,873	)		11,091			19,229
Other taxes		18,632			18,725			(93	)		15,333			3,299			37,357			29,708
Professional fees		28,108			26,825			1,283			37,744			(9,636	)		54,933			66,662
Technology and software expenses		84,696			83,668			1,028			79,752			4,944			168,364			159,214
Processing and transactional services
Credit and debit cards		13,044			12,926			118			13,739			(695	)		25,970			25,883
Other processing and transactional services		24,817			24,855			(38	)		25,357			(540	)		49,672			47,407
Total processing and transactional services		37,861			37,781			80			39,096			(1,235	)		75,642			73,290
Communications		5,010			4,904			106			4,357			653			9,914			8,914
Business promotion
Rewards and customer loyalty programs		18,047			16,365			1,682			16,406			1,641			34,412			30,462
Other business promotion		8,338			7,310			1,028			9,043			(705	)		15,648			15,976
Total business promotion		26,385			23,675			2,710			25,449			936			50,060			46,438
Deposit insurance		9,407			10,035			(628	)		10,581			(1,174	)		19,442			34,468
Other real estate owned (OREO) expense (income)		(4,124	)		(3,330	)		(794	)		(5,750	)		1,626			(7,454	)		(11,071	)
Other operating expenses
Operational losses		6,185			6,138			47			11,823			(5,638	)		12,323			15,384
All other		15,932			16,761			(829	)		15,679			253			32,693			40,390
Total other operating expenses		22,117			22,899			(782	)		27,502			(5,385	)		45,016			55,774
Amortization of intangibles		385			597			(212	)		734			(349	)		982			1,529
Total operating expenses		492,761			471,012			21,749			469,576			23,185			963,773			952,689
Income before income tax		258,324			222,565			35,759			218,248			40,076			480,889			377,099
Income tax expense		47,884			45,063			2,821			40,459			7,425			92,947			96,027
Net income	$	210,440		$	177,502		$	32,938		$	177,789		$	32,651		$	387,942		$	281,072
Net income applicable to common stock	$	210,087		$	177,149		$	32,938		$	177,436		$	32,651		$	387,236		$	280,366
Net income per common share - basic	$	3.09		$	2.56		$	0.53		$	2.47		$	0.62		$	5.64		$	3.90
Net income per common share - diluted	$	3.09		$	2.56		$	0.53		$	2.46		$	0.63		$	5.64		$	3.90
Dividends Declared per Common Share	$	0.70		$	0.70		$	—		$	0.62		$	0.08		$	1.40		$	1.24

19

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

Table C - Consolidated Statement of Financial Condition

(Unaudited)

										Variance
										Q2 2025 vs.
(In thousands)	30-Jun-25			31-Mar-25			30-Jun-24			Q1 2025
Assets:
Cash and due from banks	$	400,631		$	380,165		$	359,973		$	20,466
Money market investments		6,340,786			6,195,028			6,851,394			145,758
Trading account debt securities, at fair value		29,643			28,477			28,045			1,166
Debt securities available-for-sale, at fair value		20,490,212			19,493,180			18,543,279			997,032
Less: Allowance for credit losses		—			—			500			—
Debt securities available-for-sale, net		20,490,212			19,493,180			18,542,779			997,032
Debt securities held-to-maturity, at amortized cost		7,541,724			7,648,718			7,975,524			(106,994	)
Less: Allowance for credit losses		5,999			5,481			6,251			518
Debt securities held-to-maturity, net		7,535,725			7,643,237			7,969,273			(107,512	)
Equity securities		222,391			205,021			195,791			17,370
Loans held-for-sale, at lower of cost or fair value		2,898			5,077			8,225			(2,179	)
Loans held-in-portfolio		38,611,834			37,675,070			35,978,602			936,764
Less: Unearned income		426,656			421,038			386,982			5,618
Allowance for credit losses		769,485			762,148			730,077			7,337
Total loans held-in-portfolio, net		37,415,693			36,491,884			34,861,543			923,809
Premises and equipment, net		649,191			625,237			599,058			23,954
Other real estate		46,126			52,114			70,225			(5,988	)
Accrued income receivable		274,867			262,720			260,162			12,147
Mortgage servicing rights, at fair value		103,077			104,743			113,386			(1,666	)
Other assets		1,745,052			1,742,540			2,172,555			2,512
Goodwill		802,954			802,954			804,428			—
Other intangible assets		5,844			6,229			8,235			(385	)
Total assets	$	76,065,090		$	74,038,606		$	72,845,072		$	2,026,484
Liabilities and Stockholders’ Equity:
Liabilities:
Deposits:
Non-interest bearing	$	15,114,614		$	15,160,801		$	15,470,082		$	(46,187	)
Interest bearing		52,102,877			50,658,454			50,060,780			1,444,423
Total deposits		67,217,491			65,819,255			65,530,862			1,398,236
Assets sold under agreements to repurchase		56,043			57,268			105,684			(1,225	)
Other short-term borrowings		550,000			200,000			—			350,000
Notes payable		808,451			833,149			941,580			(24,698	)
Other liabilities		1,479,087			1,329,239			894,268			149,848
Total liabilities		70,111,072			68,238,911			67,472,394			1,872,161
Stockholders’ equity:
Preferred stock		22,143			22,143			22,143			—
Common stock		1,049			1,049			1,048			—
Surplus		4,919,950			4,912,886			4,852,747			7,064
Retained earnings		4,861,958			4,699,697			4,385,522			162,261
Treasury stock		(2,455,425	)		(2,346,093	)		(2,010,500	)		(109,332	)
Accumulated other comprehensive loss, net of tax		(1,395,657	)		(1,489,987	)		(1,878,282	)		94,330
Total stockholders’ equity		5,954,018			5,799,695			5,372,678			154,323
Total liabilities and stockholders’ equity	$	76,065,090		$	74,038,606		$	72,845,072		$	2,026,484

20

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

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

For the quarters ended June 30, 2025 and March 31, 2025

(Unaudited)

																								Variance
Average Volume							Average Yields / Costs										Interest							Attributable to
30-Jun-25		31-Mar-25		Variance			30-Jun-25			31-Mar-25			Variance				30-Jun-25		31-Mar-25		Variance			Rate			Volume
(In millions)																	(In thousands)
	$  6,251	$	6,379	$	(128	)		4.46	%		4.46	%		-	%	Money market investments	$	69,532	$	70,166	$	(634	)	$	789		$	(1,423	)
	28,809		28,415		394			3.29			3.14			0.15		Investment securities [1]		236,372		220,435		15,937			12,117			3,820
	27		31		(4	)		5.99			5.82			0.17		Trading securities		407		440		(33	)		17			(50	)
	35,087		34,825		262			3.50			3.38			0.12		Total money market, investment and trading securities		306,311		291,041		15,270			12,923			2,347
																Loans:
	18,676		18,489		187			6.73			6.71			0.02		Commercial		313,493		305,968		7,525			4,414			3,111
	1,459		1,309		150			8.19			8.11			0.08		Construction		29,806		26,190		3,616			567			3,049
	1,963		1,930		33			7.18			7.14			0.04		Leasing		35,249		34,444		805			208			597
	8,339		8,168		171			5.89			5.82			0.07		Mortgage		122,873		118,917		3,956			1,452			2,504
	3,211		3,203		8			14.00			14.04			(0.04	)	Consumer		112,083		110,859		1,224			1,034			190
	3,937		3,907		30			9.14			9.12			0.02		Auto		89,706		87,850		1,856			1,170			686
	37,585		37,006		579			7.50			7.48			0.02		Total loans		703,210		684,228		18,982			8,845			10,137
	$  72,672	$	71,831	$	841			5.57	%		5.49	%		0.08	%	Total earning assets	$	1,009,521	$	975,269	$	34,252		$	21,768		$	12,484
																Interest bearing deposits:
	$8,062	$	7,964	$	98			1.71	%		1.72	%		(0.01	)%	NOW and money market	$	34,288	$	33,784	$	504		$	(567	)	$	1,071
	14,605		14,507		98			0.83			0.87			(0.04	)	Savings		30,378		31,280		(902	)		(889	)		(13	)
	8,532		8,400		132			3.15			3.22			(0.07	)	Time deposits		67,032		66,681		351			(393	)		744
	20,333		20,305		28			3.22			3.32			(0.10	)	P.R. public deposits		163,360		166,118		(2,758	)		(2,866	)		108
	51,532		51,176		356			2.29			2.36			(0.07	)	Total interest bearing deposits		295,058		297,863		(2,805	)		(4,715	)		1,910
	14,825		14,682		143											Non-interest bearing demand deposits
	66,357		65,858		499			1.78			1.83			(0.05	)	Total deposits		295,058		297,863		(2,805	)		(4,715	)		1,910
	470		121		349			4.52			4.77			(0.25	)	Short-term borrowings		5,300		1,426		3,874			(54	)		3,928
	832		862		(30	)		5.79			5.66			0.13		Other medium and long-term debt		11,965		12,112		(147	)		(6	)		(141	)
	52,834		52,159		675			2.36			2.42			(0.06	)	Total interest bearing liabilities (excluding demand deposits)		312,323		311,401		922			(4,775	)		5,697
	5,013		4,990		23											Other sources of funds
	$ 72,672	$	71,831	$	841			1.72	%		1.76	%		(0.04	)%	Total source of funds		312,323		311,401		922			(4,775	)		5,697
								3.85	%		3.73	%		0.12	%	Net interest margin/ income on a taxable equivalent basis (Non-GAAP)		697,198		663,868		33,330		$	26,543		$	6,787
								3.21	%		3.07	%		0.14	%	Net interest spread Taxable equivalent adjustment		65,649		58,271		7,378
								3.49	%		3.40	%		0.09	%	Net interest margin/ income non-taxable equivalent basis (GAAP)	$	631,549	$	605,597	$	25,952

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 Second Quarter 2025 Earnings Release

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

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

(Unaudited)

																								Variance
Average Volume							Average Yields / Costs										Interest							Attributable to
30-Jun-25		30-Jun-24		Variance			30-Jun-25			30-Jun-24			Variance				30-Jun-25		30-Jun-24		Variance			Rate			Volume
(In millions)																	(In thousands)
$	6,251	$	6,471	$	(220	)		4.46	%		5.49	%		(1.03	)%	Money market investments	$	69,532	$	88,316	$	(18,784	)	$	(15,866	)	$	(2,918	)
	28,809		28,943		(134	)		3.29			3.01			0.28		Investment securities [1]		236,372		216,922		19,450			18,673			777
	27		26		1			5.99			5.69			0.30		Trading securities		407		367		40			21			19
	35,087		35,440		(353	)		3.50			3.47			0.03		Total money market, investment and trading securities		306,311		305,605		706			2,828			(2,122	)
																Loans:
	18,676		17,707		969			6.73			6.86			(0.13	)	Commercial		313,493		302,003		11,490			(4,831	)		16,321
	1,459		1,070		389			8.19			9.11			(0.92	)	Construction		29,806		24,224		5,582			(2,558	)		8,140
	1,963		1,789		174			7.18			6.86			0.32		Leasing		35,249		30,697		4,552			1,467			3,085
	8,339		7,817		522			5.89			5.66			0.23		Mortgage		122,873		110,673		12,200			4,632			7,568
	3,211		3,192		19			14.00			13.97			0.03		Consumer		112,083		110,906		1,177			374			803
	3,937		3,819		118			9.14			8.88			0.26		Auto		89,706		84,268		5,438			2,780			2,658
	37,585		35,394		2,191			7.50			7.52			(0.02	)	Total loans		703,210		662,771		40,439			1,864			38,575
	$  72,672	$	70,834	$	1,838			5.57	%		5.49	%		0.08	%	Total earning assets	$	1,009,521	$	968,376	$	41,145		$	4,692		$	36,453
																Interest bearing deposits:
	$8,062	$	7,522	$	540			1.71	%		1.97	%		(0.26	)%	NOW and money market	$	34,288	$	36,783	$	(2,495	)	$	(4,611	)	$	2,116
	14,605		14,728		(123	)		0.83			0.92			(0.09	)	Savings		30,378		33,749		(3,371	)		(2,862	)		(509	)
	8,532		8,237		295			3.15			3.39			(0.24	)	Time deposits		67,032		69,494		(2,462	)		(4,857	)		2,395
	20,333		19,364		969			3.22			4.15			(0.93	)	P.R. public deposits		163,360		199,913		(36,553	)		(45,918	)		9,365
	51,532		49,851		1,681			2.29			2.74			(0.45	)	Total interest bearing deposits		295,058		339,939		(44,881	)		(58,248	)		13,367
	14,825		15,176		(351	)										Non-interest bearing demand deposits
	66,357		65,027		1,330			1.78			2.10			(0.32	)	Total deposits		295,058		339,939		(44,881	)		(58,248	)		13,367
	470		80		390			4.52			5.64			(1.12	)	Short-term borrowings		5,300		1,126		4,174			(213	)		4,387
	832		978		(146	)		5.79			5.16			0.63		Other medium and long-term debt		11,965		12,530		(565	)		181			(746	)
	52,834		50,909		1,925			2.36			2.79			(0.43	)	Total interest bearing liabilities (excluding demand deposits)		312,323		353,595		(41,272	)		(58,280	)		17,008
	5,013		4,749		264											Other sources of funds
	$  72,672	$	70,834	$	1,838			1.72	%		2.01	%		(0.29	)%	Total source of funds		312,323		353,595		(41,272	)		(58,280	)		17,008
								3.85	%		3.48	%		0.37	%	Net interest margin/ income on a taxable equivalent basis (Non-GAAP)		697,198		614,781		82,417		$	62,972		$	19,445
								3.21	%		2.70	%		0.51	%	Net interest spread
																Taxable equivalent adjustment		65,649		46,469		19,180
								3.49	%		3.22	%		0.27	%	Net interest margin/ income non-taxable equivalent basis (GAAP)	$	631,549	$	568,312	$	63,237

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.

22

Popular, Inc.

Financial Supplement to Second 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-Jun-25		30-Jun-24		Variance			30-Jun-25			30-Jun-24			Variance				30-Jun-25		30-Jun-24		Variance			Rate			Volume
(In millions)																	(In thousands)
$	6,314	$	6,477	$	(163	)		4.46	%		5.49	%		(1.03	)%	Money market investments	$	139,698	$	176,832	$	(37,134	)	$	(32,791	)	$	(4,343	)
	28,613		28,626		(13	)		3.22			2.86			0.36		Investment securities [1]		456,807		408,024		48,783			45,804			2,979
	29		30		(1	)		5.90			4.60			1.30		Trading securities		847		678		169			186			(17	)
	34,956		35,133		(177	)		3.45			3.35			0.10		Total money market, investment and trading securities		597,352		585,534		11,818			13,199			(1,381	)
																Loans:
	18,585		17,660		925			6.72			6.85			(0.13	)	Commercial		619,461		601,507		17,954			(13,059	)		31,013
	1,385		1,031		354			8.15			9.04			(0.89	)	Construction		55,995		46,324		9,671			(4,994	)		14,665
	1,951		1,766		185			7.14			6.80			0.34		Leasing		69,693		60,051		9,642			3,129			6,513
	8,254		7,770		484			5.86			5.64			0.22		Mortgage		241,789		219,216		22,573			8,609			13,964
	3,207		3,208		(1	)		14.02			13.94			0.08		Consumer		222,989		222,396		593			230			363
	3,929		3,791		138			9.11			8.82			0.29		Auto		177,511		166,322		11,189			5,010			6,179
	37,311		35,226		2,085			7.49			7.50			(0.01	)	Total loans		1,387,438		1,315,816		71,622			(1,075	)		72,697
	$  72,267	$	70,359	$	1,908			5.54	%		5.43	%		0.11	%	Total earning assets	$	1,984,790	$	1,901,350	$	83,440		$	12,124		$	71,316
																Interest bearing deposits:
	$8,022	$	7,643	$	379			1.72	%		1.99	%		(0.27	)%	NOW and money market	$	68,290	$	75,548	$	(7,258	)	$	(9,978	)	$	2,720
	14,556		14,711		(155	)		0.85			0.93			(0.08	)	Savings		61,658		67,873		(6,215	)		(5,274	)		(941	)
	8,466		8,029		437			3.18			3.29			(0.11	)	Time deposits		133,713		131,511		2,202			(5,555	)		7,757
	20,310		19,017		1,293			3.27			4.17			(0.90	)	P.R public deposits		329,260		394,503		(65,243	)		(90,446	)		25,203
	51,354		49,400		1,954			2.33			2.73			(0.40	)	Total interest bearing deposits		592,921		669,435		(76,514	)		(111,253	)		34,739
	14,758		15,129		(371	)										Non-interest bearing demand deposits
	66,112		64,529		1,583			1.81			2.09			(0.28	)	Total deposits		592,921		669,435		(76,514	)		(111,253	)		34,739
	297		82		215			4.57			5.67			(1.10	)	Short-term borrowings		6,726		2,318		4,408			(404	)		4,812
	847		988		(141	)		5.72			5.13			0.59		Other medium and long-term debt		24,077		25,239		(1,162	)		250			(1,412	)
	52,498		50,470		2,028			2.40			2.78			(0.38	)	Total interest bearing liabilities (excluding demand deposits)		623,724		696,992		(73,268	)		(111,407	)		38,139
	5,011		4,760		251											Other sources of funds
	$  72,267	$	70,359	$	1,908			1.74	%		1.99	%		(0.25	)%	Total source of funds		623,724		696,992		(73,268	)		(111,407	)		38,139
								3.80	%		3.44	%		0.36	%	Net interest margin/ income on a taxable equivalent basis (Non-GAAP)		1,361,066		1,204,358		156,708			123,531		$	33,177
								3.14	%		2.65	%		0.49	%	Net interest spread
																Taxable equivalent adjustment		123,920		85,302		38,618
								3.45	%		3.20	%		0.25	%	Net interest margin/ income non-taxable equivalent basis (GAAP)	$	1,237,146	$	1,119,056	$	118,090

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.

23

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

Table G - Mortgage Banking Activities and Other Service Fees

(Unaudited)

Mortgage Banking Activities

	Quarters ended									Variance						Six months ended						Variance
(In thousands)	30-Jun-25			31-Mar-25			30-Jun-24			Q2 2025 vs.Q1 2025			Q2 2025 vs.Q2 2024			30-Jun-25			30-Jun-24			2025 vs. 2024
Mortgage servicing fees, net of fair value adjustments:
Mortgage servicing fees	$	6,912		$	7,168		$	7,602		$	(256	)	$	(690	)	$	14,080		$	15,353		$	(1,273	)
Mortgage servicing rights fair value adjustments		(1,954	)		(3,570	)		(1,945	)		1,616			(9	)		(5,524	)		(5,384	)		(140	)
Total mortgage servicing fees, net of fair value adjustments		4,958			3,598			5,657			1,360			(699	)		8,556			9,969			(1,413	)
Net (loss) gain on sale of loans, including valuation on loans held-for-sale		(37	)		193			2			(230	)		(39	)		156			76			80
Trading account (loss) profit:
Unrealized (losses) gains on outstanding derivative positions		(8	)		(87	)		56			79			(64	)		(95	)		157			(252	)
Realized (losses) gains on closed derivative positions		(10	)		1			9			(11	)		(19	)		(9	)		12			(21	)
Total trading account (loss) profit		(18	)		(86	)		65			68			(83	)		(104	)		169			(273	)
Losses on repurchased loans, including interest advances		(31	)		(16	)		(1	)		(15	)		(30	)		(47	)		(131	)		84
Total mortgage banking activities	$	4,872		$	3,689		$	5,723		$	1,183		$	(851	)	$	8,561		$	10,083		$	(1,522	)

Other Service Fees

	Quarters ended						Variance					Six months ended				Variance
(In thousands)	30-Jun-25		31-Mar-25		30-Jun-24		Q2 2025 vs.Q1 2025		Q2 2025 vs.Q2 2024			30-Jun-25		30-Jun-24		2025 vs. 2024
Other service fees:
Debit card fees [1]	$	27,918	$	26,432	$	27,176	$	1,486	$	742		$	54,350	$	52,710	$	1,640
Insurance fees		12,695		11,309		13,368		1,386		(673	)		24,004		28,057		(4,053	)
Credit card fees [1]		32,502		30,130		30,748		2,372		1,754			62,632		60,315		2,317
Sale and administration of investment products		9,058		8,973		7,850		85		1,208			18,031		15,277		2,754
Trust fees		6,626		6,300		6,622		326		4			12,926		13,329		(403	)
Other fees		11,723		11,364		11,099		359		624			23,087		21,447		1,640
Total other service fees	$	100,522	$	94,508	$	96,863	$	6,014	$	3,659		$	195,030	$	191,135	$	3,895

[1] Effective in the third quarter of 2024, the Corporation is reclassifying certain interchange fees, which were previously included jointly with credit card fees from common network activity, as debit card fees. For the quarter and six-month period ended June 30, 2024, interchange fees of approximately $10.9 million and $22.2 million were reclassified.

24

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

Table H - Consolidated Loans and Deposits

(Unaudited)

Loans - Ending Balances

							Variance
(Dollars in thousands)	30-Jun-25		31-Mar-25		30-Jun-24		Q2 2025 vs.Q1 2025			% of Change			Q2 2025 vs.Q2 2024			% of Change
Loans held-in-portfolio:
Commercial
Commercial multi-family	$	2,520,789	$	2,374,915	$	2,384,480	$	145,874			6.14	%	$	136,309			5.72	%
Commercial real estate non-owner occupied		5,521,374		5,540,603		5,004,472		(19,229	)		(0.35	%)		516,902			10.33	%
Commercial real estate owner occupied		3,003,855		2,956,559		3,143,817		47,296			1.60	%		(139,962	)		(4.45	%)
Commercial and industrial		8,043,752		7,693,523		7,195,357		350,229			4.55	%		848,395			11.79	%
Total Commercial		19,089,770		18,565,600		17,728,126		524,170			2.82	%		1,361,644			7.68	%
Construction		1,468,201		1,358,979		1,105,759		109,222			8.04	%		362,442			32.78	%
Leasing		1,983,068		1,949,705		1,828,048		33,363			1.71	%		155,020			8.48	%
Mortgage		8,444,427		8,273,753		7,883,726		170,674			2.06	%		560,701			7.11	%
Consumer
Credit cards		1,215,293		1,187,777		1,162,557		27,516			2.32	%		52,736			4.54	%
Home equity lines of credit		77,479		77,109		68,992		370			0.48	%		8,487			12.30	%
Personal		1,876,463		1,850,023		1,879,619		26,440			1.43	%		(3,156	)		(0.17	%)
Auto		3,861,702		3,820,242		3,773,292		41,460			1.09	%		88,410			2.34	%
Other		168,775		170,844		161,501		(2,069	)		(1.21	%)		7,274			4.50	%
Total Consumer		7,199,712		7,105,995		7,045,961		93,717			1.32	%		153,751			2.18	%
Total loans held-in-portfolio	$	38,185,178	$	37,254,032	$	35,591,620	$	931,146			2.50	%	$	2,593,558			7.29	%
Loans held-for-sale:
Mortgage	$	2,898	$	5,077	$	8,225	$	(2,179	)		(42.92	%)	$	(5,327	)		(64.77	%)
Total loans held-for-sale	$	2,898	$	5,077	$	8,225	$	(2,179	)		(42.92	%)	$	(5,327	)		(64.77	%)
Total loans	$	38,188,076	$	37,259,109	$	35,599,845	$	928,967			2.49	%	$	2,588,231			7.27	%

Deposits - Ending Balances

							Variance
(In thousands)	30-Jun-25		31-Mar-25		30-Jun-24		Q2 2025 vs. Q1 2025			% of Change			Q2 2025 vs.Q2 2024			% of Change
Deposits excluding P.R. public deposits:
Demand deposits	$	15,114,614	$	15,160,801	$	15,470,082	$	(46,187	)		(0.30	%)	$	(355,468	)		(2.30	%)
Savings, NOW and money market deposits (non-brokered)		21,554,606		21,855,151		21,210,000		(300,545	)		(1.38	%)		344,606			1.62	%
Savings, NOW and money market deposits (brokered)		829,506		822,065		729,326		7,441			0.91	%		100,180			13.74	%
Time deposits (non-brokered)		7,938,858		7,545,252		7,427,613		393,606			5.22	%		511,245			6.88	%
Time deposits (brokered CDs)		861,947		813,326		971,907		48,621			5.98	%		(109,960	)		(11.31	%)
Sub-total deposits excluding P.R. public deposits		46,299,531		46,196,595		45,808,928		102,936			0.22	%		490,603			1.07	%
P.R. public deposits:
Demand deposits [1]		12,376,316		11,157,254		10,409,323		1,219,062			10.93	%		1,966,993			18.90	%
Savings, NOW and money market deposits (non-brokered)		7,743,663		7,655,847		8,514,473		87,816			1.15	%		(770,810	)		(9.05	%)
Time deposits (non-brokered)		797,981		809,559		798,138		(11,578	)		(1.43	%)		(157	)		(0.02	%)
Sub-total P.R. public deposits		20,917,960		19,622,660		19,721,934		1,295,300			6.60	%		1,196,026			6.06	%
Total deposits	$	67,217,491	$	65,819,255	$	65,530,862	$	1,398,236			2.12	%	$	1,686,629			2.57	%

[1] Includes interest bearing demand deposits.

25

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

Table I - Loan Delinquency -BPPR Operations

(Unaudited)

30-Jun-25
BPPR
	Past due												Past due 90 days or more
(In thousands)	30-59 days		60-89 days		90 days or more		Total past due		Current		Loans HIP		Non-accrual loans		Accruing loans
Commercial multi-family	$	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

31-Mar-25
BPPR
	Past due												Past due 90 days or more
(In thousands)	30-59 days		60-89 days		90 days or more		Total past due		Current		Loans HIP		Non-accrual loans		Accruing loans
Commercial multi-family	$	3,387	$	112	$	73	$	3,572	$	304,739	$	308,311	$	73	$	—
Commercial real estate:
Non-owner occupied		3,045		74		6,306		9,425		3,304,377		3,313,802		6,306		—
Owner occupied		7,512		141		26,891		34,544		1,168,868		1,203,412		26,891		—
Commercial and industrial		4,637		2,871		13,089		20,597		5,227,961		5,248,558		9,327		3,762
Construction		6,498		—		—		6,498		223,705		230,203		—		—
Mortgage		249,712		105,166		333,557		688,435		6,257,507		6,945,942		148,506		185,051
Leasing		19,178		5,192		8,895		33,265		1,916,440		1,949,705		8,895		—
Consumer:
Credit cards		13,365		10,555		30,506		54,426		1,133,352		1,187,778		—		30,506
Home equity lines of credit		—		—		18		18		2,039		2,057		—		18
Personal		19,246		11,174		18,251		48,671		1,707,204		1,755,875		18,251		—
Auto		78,743		15,893		41,784		136,420		3,683,822		3,820,242		41,784		—
Other		2,686		144		2,307		5,137		153,586		158,723		1,973		334
Total	$	408,009	$	151,322	$	481,677	$	1,041,008	$	25,083,600	$	26,124,608	$	262,006	$	219,671

26

Variance
	Past due																		Past due 90 days or more
(In thousands)	30-59 days			60-89 days			90 days or more			Total past due			Current			Loans HIP			Non-accrual loans			Accruing loans
Commercial multi-family	$	2,950		$	(112	)	$	101		$	2,939		$	(4,887	)	$	(1,948	)	$	101		$	—
Commercial real estate:
Non-owner occupied		(2,932	)		1,605			(222	)		(1,549	)		17,731			16,182			(222	)		—
Owner occupied		(6,425	)		1,957			429			(4,039	)		2,733			(1,306	)		429			—
Commercial and industrial		20			(422	)		(437	)		(839	)		347,005			346,166			(739	)		302
Construction		(2,778	)		—			—			(2,778	)		25,874			23,096			—			—
Mortgage		12,813			4,364			(9,417	)		7,760			150,304			158,064			(1,042	)		(8,375	)
Leasing		3,931			437			(919	)		3,449			29,914			33,363			(919	)		—
Consumer:
Credit cards		819			(1,195	)		(5,305	)		(5,681	)		33,193			27,512			—			(5,305	)
Home equity lines of credit		—			—			(18	)		(18	)		(230	)		(248	)		—			(18	)
Personal		(224	)		743			(752	)		(233	)		36,568			36,335			(752	)		—
Auto		23,900			6,511			(1,189	)		29,222			12,238			41,460			(1,189	)		—
Other		(186	)		16			(95	)		(265	)		1,964			1,699			(25	)		(70	)
Total	$	31,888		$	13,904		$	(17,824	)	$	27,968		$	652,407		$	680,375		$	(4,358	)	$	(13,466	)

27

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

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

(Unaudited)

30-Jun-25
Popular U.S.
	Past due														Past due 90 days or more
(In thousands)	30-59 days		60-89 days		90 days or more		Total past due		Current			Loans HIP			Non-accrual loans		Accruing loans
Commercial multi-family	$	—	$	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
31-Mar-25
Popular U.S.
	Past due														Past due 90 days or more
(In thousands)	30-59 days		60-89 days		90 days or more		Total past due		Current			Loans HIP			Non-accrual loans		Accruing loans
Commercial multi-family	$	1,858	$	—	$	8,700	$	10,558	$	2,056,046		$	2,066,604		$	8,700	$	—
Commercial real estate:
Non-owner occupied		768		—		7,886		8,654		2,218,147			2,226,801			7,886		—
Owner occupied		—		—		231		231		1,752,916			1,753,147			231		—
Commercial and industrial		7,724		733		879		9,336		2,435,629			2,444,965			690		189
Construction		—		—		—		—		1,128,776			1,128,776			—		—
Mortgage		29,944		1,604		29,087		60,635		1,267,176			1,327,811			29,087		—
Consumer:
Credit cards		—		—		—		—		(1	)		(1	)		—		—
Home equity lines of credit		1,851		973		3,430		6,254		68,798			75,052			3,430		—
Personal		1,381		781		2,034		4,196		89,952			94,148			2,034		—
Other		1		—		5		6		12,115			12,121			5		—
Total	$	43,527	$	4,091	$	52,252	$	99,870	$	11,029,554		$	11,129,424		$	52,063	$	189

28

Variance
	Past due																		Past due 90 days or more
(In thousands)	30-59 days			60-89 days			90 days or more			Total past due			Current			Loans HIP			Non-accrual loans			Accruing loans
Commercial multi-family	$	(1,858	)	$	4,675		$	2,051		$	4,868		$	142,954		$	147,822		$	2,051		$	—
Commercial real estate:
Non-owner occupied		735			—			7			742			(36,153	)		(35,411	)		7			—
Owner occupied		10,677			—			—			10,677			37,925			48,602			—			—
Commercial and industrial		1,511			4,462			2,146			8,119			(4,056	)		4,063			2,146			—
Construction		—			—			—			—			86,126			86,126			—			—
Mortgage		(29,267	)		1,725			(1,035	)		(28,577	)		41,187			12,610			(1,035	)		—
Consumer:
Credit cards		—			—			—			—			4			4			—			—
Home equity lines of credit		(1,006	)		(256	)		(310	)		(1,572	)		2,190			618			(310	)		—
Personal		(336	)		(249	)		(940	)		(1,525	)		(8,370	)		(9,895	)		(940	)		—
Other		693			1			(5	)		689			(4,457	)		(3,768	)		(5	)		—
Total	$	(18,851	)	$	10,358		$	1,914		$	(6,579	)	$	257,350		$	250,771		$	1,914		$	—

29

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

Table K - Loan Delinquency - Consolidated

(Unaudited)

30-Jun-25
Popular, Inc.
	Past due												Past due 90 days or more
(In thousands)	30-59 days		60-89 days		90 days or more		Total past due		Current		Loans HIP		Non-accrual loans		Accruing loans
Commercial multi-family	$	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
31-Mar-25
Popular, Inc.
	Past due												Past due 90 days or more
(In thousands)	30-59 days		60-89 days		90 days or more		Total past due		Current		Loans HIP		Non-accrual loans		Accruing loans
Commercial multi-family	$	5,245	$	112	$	8,773	$	14,130	$	2,360,785	$	2,374,915	$	8,773	$	—
Commercial real estate:
Non-owner occupied		3,813		74		14,192		18,079		5,522,524		5,540,603		14,192		—
Owner occupied		7,512		141		27,122		34,775		2,921,784		2,956,559		27,122		—
Commercial and industrial		12,361		3,604		13,968		29,933		7,663,590		7,693,523		10,017		3,951
Construction		6,498		—		—		6,498		1,352,481		1,358,979		—		—
Mortgage		279,656		106,770		362,644		749,070		7,524,683		8,273,753		177,593		185,051
Leasing		19,178		5,192		8,895		33,265		1,916,440		1,949,705		8,895		—
Consumer:
Credit cards		13,365		10,555		30,506		54,426		1,133,351		1,187,777		—		30,506
Home equity lines of credit		1,851		973		3,448		6,272		70,837		77,109		3,430		18
Personal		20,627		11,955		20,285		52,867		1,797,156		1,850,023		20,285		—
Auto		78,743		15,893		41,784		136,420		3,683,822		3,820,242		41,784		—
Other		2,687		144		2,312		5,143		165,701		170,844		1,978		334
Total	$	451,536	$	155,413	$	533,929	$	1,140,878	$	36,113,154	$	37,254,032	$	314,069	$	219,860

30

Variance
	Past due																		Past due 90 days or more
(In thousands)	30-59 days			60-89 days			90 days or more			Total past due			Current			Loans HIP			Non-accrual loans			Accruing loans
Commercial multi-family	$	1,092		$	4,563		$	2,152		$	7,807		$	138,067		$	145,874		$	2,152		$	—
Commercial real estate:
Non-owner occupied		(2,197	)		1,605			(215	)		(807	)		(18,422	)		(19,229	)		(215	)		—
Owner occupied		4,252			1,957			429			6,638			40,658			47,296			429			—
Commercial and industrial		1,531			4,040			1,709			7,280			342,949			350,229			1,407			302
Construction		(2,778	)		—			—			(2,778	)		112,000			109,222			—			—
Mortgage		(16,454	)		6,089			(10,452	)		(20,817	)		191,491			170,674			(2,077	)		(8,375	)
Leasing		3,931			437			(919	)		3,449			29,914			33,363			(919	)		—
Consumer:
Credit cards		819			(1,195	)		(5,305	)		(5,681	)		33,197			27,516			—			(5,305	)
Home equity lines of credit		(1,006	)		(256	)		(328	)		(1,590	)		1,960			370			(310	)		(18	)
Personal		(560	)		494			(1,692	)		(1,758	)		28,198			26,440			(1,692	)		—
Auto		23,900			6,511			(1,189	)		29,222			12,238			41,460			(1,189	)		—
Other		507			17			(100	)		424			(2,493	)		(2,069	)		(30	)		(70	)
Total	$	13,037		$	24,262		$	(15,910	)	$	21,389		$	909,757		$	931,146		$	(2,444	)	$	(13,466	)

31

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

Table L - Non-Performing Assets

(Unaudited)

																			Variance
(Dollars in thousands)	30-Jun-25			As a % of loans HIP by category			31-Mar-25			As a % of loans HIP by category			30-Jun-24			As a % of loans HIP by category			Q2 2025 vs. Q1 2025			Q2 2025 vs. Q2 2024
Non-accrual loans:
Commercial
Commercial multi-family	$	10,925			0.4	%	$	8,773			0.4	%	$	9,143			0.4	%	$	2,152		$	1,782
Commercial real estate non-owner occupied		13,977			0.3			14,192			0.3			8,509			0.2			(215	)		5,468
Commercial real estate owner occupied		27,551			0.9			27,122			0.9			47,541			1.5			429			(19,990	)
Commercial and industrial		11,424			0.1			10,017			0.1			28,740			0.4			1,407			(17,316	)
Total Commercial		63,877			0.3			60,104			0.3			93,933			0.5			3,773			(30,056	)
Leasing		7,976			0.4			8,895			0.5			7,059			0.4			(919	)		917
Mortgage		175,516			2.1			177,593			2.1			175,344			2.2			(2,077	)		172
Consumer
Home equity lines of credit		3,120			4.0			3,430			4.4			3,780			5.5			(310	)		(660	)
Personal		18,593			1.0			20,285			1.1			21,501			1.1			(1,692	)		(2,908	)
Auto		40,595			1.1			41,784			1.1			39,333			1.0			(1,189	)		1,262
Other		1,948			1.2			1,978			1.2			885			0.5			(30	)		1,063
Total Consumer		64,256			0.9			67,477			0.9			65,499			0.9			(3,221	)		(1,243	)
Total non-performing loans held-in-portfolio		311,625			0.8	%		314,069			0.8	%		341,835			1.0	%		(2,444	)		(30,210	)
Other real estate owned (“OREO”)		46,126						52,114						70,225						(5,988	)		(24,099	)
Total non-performing assets [1]		357,751						366,183						412,060						(8,432	)		(54,309	)
Accruing loans past due 90 days or more [2]	$	206,394					$	219,860					$	237,581					$	(13,466	)	$	(31,187	)
Ratios:
Non-performing assets to total assets		0.47	%					0.49	%					0.57	%
Non-performing loans held-in-portfolio to loans held-in-portfolio		0.82						0.84						0.96
Allowance for credit losses to loans held-in-portfolio		2.02						2.05						2.05
Allowance for credit losses to non-performing loans, excluding loans held-for-sale		246.93						242.67						213.58

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

[2] It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or guaranteed by the VA as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured. The balance of these loans includes $8 million at June 30, 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 (March 31, 2025 - $7 million; June 30, 2024 - $10 million). Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to the repurchase option are required to be reflected (rebooked) on the financial statements of BPPR with an offsetting liability. These balances include $52 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of June 30, 2025 (March 31, 2025 - $57 million; June 30, 2024 - $81 million). Furthermore, the Corporation has approximately $29 million reverse mortgage loans which are guaranteed by FHA, as of June 30, 2025. Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets (March 31, 2025 - $30 million; June 30, 2024 - $34 million).

32

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

Table M - Activity in Non-Performing Loans

(Unaudited)

Commercial loans held-in-portfolio:

	Quarter ended									Quarter ended
	30-Jun-25									31-Mar-25
(In thousands)	BPPR			Popular U.S.			Popular, Inc.			BPPR			Popular U.S.			Popular, Inc.
Beginning balance NPLs	$	42,597		$	17,507		$	60,104		$	51,101		$	23,654		$	74,755
Plus:
New non-performing loans		1,768			5,632			7,400			5,781			5,413			11,194
Advances on existing non-performing loans		—			20			20			—			17			17
Less:
Non-performing loans transferred to OREO		(140	)		—			(140	)		(120	)		—			(120	)
Non-performing loans charged-off		(403	)		(583	)		(986	)		(739	)		(1,130	)		(1,869	)
Loans returned to accrual status / loan collections		(1,656	)		(865	)		(2,521	)		(13,426	)		(10,447	)		(23,873	)
Ending balance NPLs	$	42,166		$	21,711		$	63,877		$	42,597		$	17,507		$	60,104
Mortgage loans held-in-portfolio:
	Quarter ended									Quarter ended
	30-Jun-25									31-Mar-25
(In thousands)	BPPR			Popular U.S.			Popular, Inc.			BPPR			Popular U.S.			Popular, Inc.
Beginning balance NPLs	$	148,506		$	29,087		$	177,593		$	158,442		$	29,890		$	188,332
Plus:
New non-performing loans		30,437			3,277			33,714			31,242			2,745			33,987
Advances on existing non-performing loans		—			—			—			—			1			1
Less:
Non-performing loans transferred to OREO		(2,245	)		(433	)		(2,678	)		(2,435	)		—			(2,435	)
Non-performing loans charged-off		(387	)		—			(387	)		(188	)		—			(188	)
Loans returned to accrual status / loan collections		(28,847	)		(3,879	)		(32,726	)		(38,555	)		(3,549	)		(42,104	)
Ending balance NPLs	$	147,464		$	28,052		$	175,516		$	148,506		$	29,087		$	177,593
Total non-performing loans held-in-portfolio (excluding consumer):
	Quarter ended									Quarter ended
	30-Jun-25									31-Mar-25
(In thousands)	BPPR			Popular U.S.			Popular, Inc.			BPPR			Popular U.S.			Popular, Inc.
Beginning balance NPLs	$	191,103		$	46,594		$	237,697		$	209,543		$	53,544		$	263,087
Plus:
New non-performing loans		32,205			8,909			41,114			37,023			8,158			45,181
Advances on existing non-performing loans		—			20			20			—			18			18
Less:
Non-performing loans transferred to OREO		(2,385	)		(433	)		(2,818	)		(2,555	)		—			(2,555	)
Non-performing loans charged-off		(790	)		(583	)		(1,373	)		(927	)		(1,130	)		(2,057	)
Loans returned to accrual status / loan collections		(30,503	)		(4,744	)		(35,247	)		(51,981	)		(13,996	)		(65,977	)
Ending balance NPLs	$	189,630		$	49,763		$	239,393		$	191,103		$	46,594		$	237,697

33

Popular, Inc.    

Financial Supplement to Second Quarter 2025 Earnings Release    

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

(Unaudited)

	Quarters ended
(In thousands)		30-Jun-25			31-Mar-25			30-Jun-24
Balance at beginning of period - loans held-in-portfolio	$	762,148		$	746,024		$	739,544
Provision for credit losses		49,539			65,218			44,157
Initial allowance for credit losses - PCD Loans		—			9			6
		811,687			811,251			783,707
Net loans charge-off (recovered)- BPPR
Commercial:
Commercial multi-family		(6	)		(2	)		—
Commercial real estate non-owner occupied		(451	)		(595	)		(44	)
Commercial real estate owner occupied		(1,005	)		(406	)		(1,134	)
Commercial and industrial		1,436			(1,528	)		6,021
Total Commercial		(26	)		(2,531	)		4,843
Leasing		2,736			3,272			2,700
Mortgage		(2,429	)		(2,497	)		(3,749	)
Consumer:
Credit cards		17,311			16,429			13,712
Home equity lines of credit		(307	)		(114	)		41
Personal		15,776			18,338			20,975
Auto		6,557			13,487			10,257
Other Consumer		546			718			529
Total Consumer		39,883			48,858			45,514
Total net charged-off BPPR	$	40,164		$	47,102		$	49,308
Net loans charge-off (recovered) - Popular U.S.
Commercial:
Commercial multi-family		563			(1	)		(4	)
Commercial real estate non-owner occupied		—			—			(42	)
Commercial real estate owner occupied		(26	)		(511	)		(59	)
Commercial and industrial		(205	)		925			988
Total Commercial		332			413			883
Construction		—			—			(100	)
Mortgage		(32	)		(185	)		(17	)
Consumer:
Home equity lines of credit		(579	)		(237	)		(383	)
Personal		2,305			1,989			3,941
Other Consumer		12			21			(2	)
Total Consumer		1,738			1,773			3,556
Total net charged-off Popular U.S.	$	2,038		$	2,001		$	4,322
Total loans net charged-off - Popular, Inc.	$	42,202		$	49,103		$	53,630
Balance at end of period - loans held-in-portfolio	$	769,485		$	762,148		$	730,077
Balance at beginning of period - unfunded commitments	$	14,169		$	15,470		$	16,767
Provision for credit losses (benefit)		(1,116	)		(1,301	)		2,117
Balance at end of period - unfunded commitments [1]	$	13,053		$	14,169		$	18,884
POPULAR, INC.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio		0.45	%		0.53	%		0.61	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs		117.39	%		132.82	%		82.34	%
BPPR
Annualized net charge-offs (recoveries) to average loans held-in-portfolio		0.61	%		0.72	%		0.79	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs		107.43	%		111.86	%		98.53	%
Popular U.S.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio		0.07	%		0.07	%		0.16	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs		313.49	%		626.09	%		(102.45	)%
[1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

34

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

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

(Unaudited)

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	%
31-Mar-25
BPPR
(Dollars in thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	3,420	$	308,311		1.11	%
Commercial real estate - non-owner occupied		42,848		3,313,802		1.29	%
Commercial real estate - owner occupied		36,019		1,203,412		2.99	%
Commercial and industrial		131,407		5,248,558		2.50	%
Total commercial	$	213,694	$	10,074,083		2.12	%
Construction		2,719		230,203		1.18	%
Mortgage		74,289		6,945,942		1.07	%
Leasing		20,206		1,949,705		1.04	%
Consumer:
Credit cards		96,523		1,187,778		8.13	%
Home equity lines of credit		60		2,057		2.92	%
Personal		89,786		1,755,875		5.11	%
Auto		171,979		3,820,242		4.50	%
Other		7,007		158,723		4.41	%
Total consumer	$	365,355	$	6,924,675		5.28	%
Total	$	676,263	$	26,124,608		2.59	%

35

Variance
(Dollars in thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	276		$	(1,948	)		0.10	%
Commercial real estate - non-owner occupied		291			16,182			0.01	%
Commercial real estate - owner occupied		(171	)		(1,306	)		(0.01	)%
Commercial and industrial		(8,205	)		346,166			(0.30	)%
Total commercial	$	(7,809	)	$	359,094			(0.15	)%
Construction		356			23,096			0.03	%
Mortgage		677			158,064			(0.01	)%
Leasing		(166	)		33,363			(0.03	)%
Consumer:
Credit cards		(4,217	)		27,512			(0.53	)%
Home equity lines of credit		(6	)		(248	)		0.07	%
Personal		3,105			36,335			0.07	%
Auto		10,295			41,460			0.22	%
Other		751			1,699			0.43	%
Total consumer	$	9,928		$	106,758			0.06	%
Total	$	2,986		$	680,375			(0.06	)%

36

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

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

(Unaudited)

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	%
31-Mar-25
Popular U.S.
(Dollars in thousands)	Total ACL		Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	10,081	$	2,066,604			0.49	%
Commercial real estate - non-owner occupied		15,453		2,226,801			0.69	%
Commercial real estate - owner occupied		14,193		1,753,147			0.81	%
Commercial and industrial		16,422		2,444,965			0.67	%
Total commercial	$	56,149	$	8,491,517			0.66	%
Construction		6,793		1,128,776			0.60	%
Mortgage		9,740		1,327,811			0.73	%
Consumer:
Credit cards		—		(1	)		—	%
Home equity lines of credit		1,550		75,052			2.07	%
Personal		11,651		94,148			12.38	%
Other		2		12,121			0.02	%
Total consumer	$	13,203	$	181,320			7.28	%
Total	$	85,885	$	11,129,424			0.77	%

37

Variance
(Dollars in thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	3,004		$	147,822			0.10	%
Commercial real estate - non-owner occupied		525			(35,411	)		0.04	%
Commercial real estate - owner occupied		(990	)		48,602			(0.08	)%
Commercial and industrial		1,738			4,063			0.07	%
Total commercial	$	4,277		$	165,076			0.04	%
Construction		711			86,126			0.02	%
Mortgage		469			12,610			0.03	%
Consumer:
Credit cards		—			4			—	%
Home equity lines of credit		(220	)		618			(0.31	)%
Personal		(888	)		(9,895	)		0.39	%
Other		2			(3,768	)		0.03	%
Total consumer	$	(1,106	)	$	(13,041	)		(0.09	)%
Total	$	4,351		$	250,771			0.02	%

38

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

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

(Unaudited)

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	%
31-Mar-25
(Dollars in thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	13,501	$	2,374,915		0.57	%
Commercial real estate - non-owner occupied		58,301		5,540,603		1.05	%
Commercial real estate - owner occupied		50,212		2,956,559		1.70	%
Commercial and industrial		147,829		7,693,523		1.92	%
Total commercial	$	269,843	$	18,565,600		1.45	%
Construction		9,512		1,358,979		0.70	%
Mortgage		84,029		8,273,753		1.02	%
Leasing		20,206		1,949,705		1.04	%
Consumer:
Credit cards		96,523		1,187,777		8.13	%
Home equity lines of credit		1,610		77,109		2.09	%
Personal		101,437		1,850,023		5.48	%
Auto		171,979		3,820,242		4.50	%
Other		7,009		170,844		4.10	%
Total consumer	$	378,558	$	7,105,995		5.33	%
Total	$	762,148	$	37,254,032		2.05	%

39

Variance
(Dollars in thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	3,280		$	145,874			0.10	%
Commercial real estate - non-owner occupied		816			(19,229	)		0.02	%
Commercial real estate - owner occupied		(1,161	)		47,296			(0.07	)%
Commercial and industrial		(6,467	)		350,229			(0.16	)%
Total commercial	$	(3,532	)	$	524,170			(0.05	)%
Construction		1,067			109,222			0.02	%
Mortgage		1,146			170,674			(0.01	)%
Leasing		(166	)		33,363			(0.03	)%
Consumer:
Credit cards		(4,217	)		27,516			(0.53	)%
Home equity lines of credit		(226	)		370			(0.30	)%
Personal		2,217			26,440			0.04	%
Auto		10,295			41,460			0.22	%
Other		753			(2,069	)		0.50	%
Total consumer	$	8,822		$	93,717			0.05	%
Total	$	7,337		$	931,146			(0.03	)%

40

Popular, Inc.

Financial Supplement to Second Quarter 2025 Earnings Release

Table R - Reconciliation to GAAP Financial Measures

(Unaudited)

(In thousands, except share or per share information)	30-Jun-25			31-Mar-25			30-Jun-24
Total stockholders’ equity	$	5,954,018		$	5,799,695		$	5,372,678
Less: Preferred stock		(22,143	)		(22,143	)		(22,143	)
Less: Goodwill		(802,954	)		(802,954	)		(804,428	)
Less: Other intangibles		(5,844	)		(6,229	)		(8,235	)
Total tangible common equity	$	5,123,077		$	4,968,369		$	4,537,872
Total assets	$	76,065,090		$	74,038,606		$	72,845,072
Less: Goodwill		(802,954	)		(802,954	)		(804,428	)
Less: Other intangibles		(5,844	)		(6,229	)		(8,235	)
Total tangible assets	$	75,256,292		$	73,229,423		$	72,032,409
Tangible common equity to tangible assets		6.81	%		6.78	%		6.30	%
Common shares outstanding at end of period		67,937,468			68,984,148			72,365,926
Tangible book value per common share	$	75.41		$	72.02		$	62.71
	Quarterly average
Total stockholders’ equity [1]	$	6,849,789		$	6,785,208		$	6,303,672
Average unrealized (gains) losses on AFS securities transferred to HTM		334,183			370,695			595,362
Adjusted total stockholder’s equity		7,183,972			7,155,903			6,899,034
Less: Preferred Stock		(22,143	)		(22,143	)		(22,143	)
Less: Goodwill		(802,953	)		(802,953	)		(804,427	)
Less: Other intangibles		(6,096	)		(6,585	)		(8,706	)
Total tangible equity	$	6,352,780		$	6,324,222		$	6,063,758
Return on average tangible common equity		13.26	%		11.36	%		11.77	%

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

CONTACTS:

Popular, Inc.

Investor Relations:

Paul J. Cardillo, 212-417-6721

Senior Vice President and Investor Relations Officer

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

41