• Net income of $233.9 million in Q4 2025, compared to net income of $211.3 million in Q3 2025.
  • Excluding the partial reversal of the FDIC special assessment reserve of $9.7 million, net of tax, adjusted net income for the fourth quarter of 2025 was $224.2 million.
  • Earnings per share (“EPS”) of $3.53 in Q4 2025 vs. $3.15 in Q3 2025.
• Net income of $833.2 million for the year 2025, compared to net income of $614.2 million for the year 2024. 
  • Excluding the partial reversal of the FDIC special assessment reserve, adjusted net income for 2025 was $823.5 million, compared to adjusted net income of $646.1 million in 2024, which excluded expenses incurred in connection to the FDIC special assessment and prior period tax withholdings of $9.1 million and $22.9 million, net of tax, respectively.
• Net interest income of $657.6 million in Q4 2025, an increase of $11.0 million compared to Q3 2025:
  • Net interest margin of 3.61% in Q4 2025, compared to 3.51% in Q3 2025; net interest margin on a taxable equivalent basis of 4.03% in Q4 2025, compared to 3.90% in Q3 2025.
• Non-interest income of $166.3 million in Q4 2025, compared to $171.2 million in Q3 2025.
• Operating expenses amounted to $473.2 million, compared to $495.3 million in Q3 2025. Excluding the partial reversal of the FDIC special assessment reserve described above, operating expenses amounted to $488.5 million in Q4 2025.
• Credit quality metrics:
  • Non-performing loans held-in-portfolio (“NPLs”) decreased by $3.9 million from Q3 2025; NPLs to loans ratio decreased to 1.27% from 1.30% in Q3 2025.
  • Net charge-offs (“NCOs”) decreased by $8.2 million from Q3 2025 to $49.6 million, including $5.3 million in recoveries from the sale of fully charged off loans in Q4 2025; annualized NCOs to average loans held-in-portfolio at 0.51% vs. 0.60% in Q3 2025.
  • Allowance for credit losses (“ACL”) to loans held-in-portfolio at 2.05% vs. 2.03% in Q3 2025; and
  • ACL to NPLs at 162.2% vs. 156.6% in Q3 2025.
• Loans held-in-portfolio, excluding loans held-for-sale, amounted to $39.3 billion, an increase of $640.4 million from Q3 2025; average quarterly loan balances, excluding loans held-for-sale, higher by $397.2 million.
• Money market and investment securities decreased by $330.6 million from Q3 2025 to $32.8 billion; average quarterly balances decreased by $1.2 billion.
• Deposits at $66.2 billion, decreased by $323.3 million from Q3 2025. This includes a decrease of $662.3 million in P.R. public deposits; excluding these, total deposits increased by $339.0 million; average quarterly deposits lower by $879.8 million, including a decrease of $1.1 billion in P.R. public deposits.
• Common Equity Tier 1 ratio of 15.72%, Common Equity per share of $94.75 and Tangible Book Value per share of $82.65 ($3.53 above Q3 2025).
• Capital actions for the fourth quarter of 2025 included the repurchase of 1,252,303 shares of common stock for $147.8 million, at an average price of $118.04 per share, and the payment and declaration of a quarterly common stock dividend of $0.75 per share. For the year 2025, the Corporation repurchased a total of 4,660,124 shares of common stock for $501.5 million at an average price of $107.61 per share under the announced repurchase authorizations. As of December 31, 2025, a total of $281.2 million remained available for stock repurchases under the active authorization.

Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ: BPOP) reported net income of $233.9 million for the quarter ended December 31, 2025, compared to net income of $211.3 million for the quarter ended September 30, 2025.

“We closed out a strong fourth quarter and an excellent year for Popular, reflecting the discipline and focus of our team across the organization,” said Javier D. Ferrer, President and Chief Executive Officer of Popular, Inc. “In 2025, we delivered 36% growth in net income, achieved strong loan growth, maintained stable credit quality, and continued returning capital to our shareholders. Fourth quarter performance was driven by higher net interest income and continued expense discipline. We demonstrated significant progress in our efforts to improve our sustainable returns towards our 14% objective. We are very pleased to have exceeded a 14% ROTCE for the fourth quarter and a 13% ROTCE for the full year.”

“We are moving full speed ahead with the execution of our new strategic framework, determined to be the #1 bank for our customers by strengthening relationships and delivering exceptional service. We are also focused on providing solutions faster, improving productivity, and reducing costs. Ultimately, our goal is to be a top-performing bank that attracts and retains top talent and generates profitable growth and long-term shareholder value.”

“I want to thank our employees for their continued commitment, dedication, and performance. We look forward to building on the positive momentum generated last year and are optimistic about what we can achieve in 2026.”

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. Refer below for adjusted net income for the fourth quarter of 2025.

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 and year ended December 31, 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.

Adjusted net income

In addition to analyzing the Corporation’s results on a reported basis, management monitors the “Adjusted net income” of the Corporation and excludes the impact of certain transactions on the results of its operations. Management believes that the “Adjusted net income” provides meaningful information about the underlying performance of the Corporation’s ongoing operations. The “Adjusted net income” is a non-GAAP financial measure. Non-GAAP financial measures used by the Corporation may not be comparable to similarly named non-GAAP financial measures used by other companies.

The following tables present the reconciliation of the net income to the adjusted net income (non-GAAP) for the quarter ended December 31, 2025 and for the years ended December 31, 2025 and December 31, 2024. There were no adjustments to net income for the quarter ended September 30, 2025.

Net Interest Income and Net Interest Margin

Net interest income (“NII”) for the fourth quarter of 2025 was $657.6 million, an increase of $11.0 million when compared to the previous quarter. During the period, NII expansion was driven by lower interest expense on deposits by $21.9 million, primarily due to lower average by $1.1 billion and lower costs by 22 basis points in P.R. public deposits. Higher income from loans by $7.8 million also contributed to NII growth. This resulted from a combination of loan growth of $398.0 million on average balances, primarily in the commercial, construction and mortgage portfolios, and higher yields in the commercial portfolio by three basis points, mainly in Popular U.S. The increase in NII was offset in part by lower income from money market securities by $18.6 million, in part due to outflows related to P.R. public deposits, and the reinvestment of U.S. Treasury Notes. Recent short-term market rate cuts by the Federal Open Market Committee also contributed to a reduction of 45 bps in yield from the investment portfolio, compared to the previous quarter. Net interest margin (“NIM”) of 3.61% in the fourth quarter of 2025 increased ten basis points, compared to 3.51% in the third quarter of 2025, due in part to the reduction in costs and average balances of P.R. public deposits.

Lower cost of deposits was mainly the result of the re-pricing of P.R. public market-linked deposits. Furthermore, low-cost deposits increased quarter-over-quarter and experienced favorable re-pricing across most products with NOW and money market deposit costs decreasing by three basis points, savings by two basis points and time deposits by eight basis points. Excluding P.R. public deposits, average deposits increased by $235.7 million. Total deposit costs of 1.68% went down by 11 basis points quarter-over-quarter. Excluding P.R. public deposits, total deposit costs decreased three basis points to 1.14% when compared to the third quarter.

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

Net interest income on a taxable equivalent basis for the fourth quarter of 2025 was $733.8 million, an increase of $13.0 million compared to the previous quarter. Net interest margin on a taxable equivalent basis for the fourth quarter of 2025 was 4.03%, an increase of 13 basis points. Lower interest expense and average balances of P.R. public deposits and higher interest income on loans, drove quarter-over-quarter results as explained above. Interest income on a taxable equivalent basis includes interest income on U.S. Treasuries, which are tax-exempt in Puerto Rico, and income from loans in certain BPPR portfolios, which are also tax exempt in Puerto Rico.

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

For the BPPR segment, net interest income for the fourth quarter of 2025 was $554.5 million, an increase of $3.8 million over the previous quarter. Net interest margin increased by seven basis points to 3.78%. Total deposit costs in BPPR decreased by 11 basis points to 1.42%.

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

• lower interest expense on deposits by $19.1 million or 13 basis points, mainly as a result of P.R. public deposits repricing by 22 basis points due to recent decreases in the short term market rates to which these deposits are linked and lower P.R. public deposits average balances by $1.1 billion as a result of expected outflows of deposits during the fourth quarter of 2025 to fulfill scheduled obligations and operational needs of the government of P.R.; and
• higher interest income from loans by $2.9 million, primarily attributable to loan growth in the mortgage, commercial and construction portfolio, which increased income quarter over quarter by $5.6 million, partially offset by lower yields by five basis points driven by short-term market rates decline during the period;

partially offset by:

• lower income from money market investments by $12.3 million when compared to the third quarter, mainly due to lower average balances by $714.7 million, mainly used to cover outflows of P.R. public deposits, combined with lower yields by 46 basis points due to lower short-term market rates; and
• lower income from investment securities by $6.1 million, or four basis points, driven by lower yields in U.S. Treasury securities by five basis points and lower average balances in part due to slower reinvestment activities in maturing U.S. Treasury bills.

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

Net interest income for the Popular Bank segment was $111.6 million, an increase of $6.4 million when compared to the previous quarter. The net interest margin increased by 17 basis points to 3.11%. Total cost of deposits decreased by 11 basis points during the quarter to 2.85%.

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

• higher income from investment securities by $5.0 million or 27 basis points, mainly due to the full quarter impact of the purchase of approximately $500.0 million in U.S. Treasury Notes during the third quarter of 2025, reallocating funds previously invested in overnight Fed funds, resulting in a quarter-over-quarter increase of $463.4 million;
• higher interest income from loans by $4.8 million or 12 basis points when compared to the previous quarter, mainly driven by commercial loan yields, which increased by 15 basis points, in part due to a single loan payoff which generated additional income and higher prepayment penalty fees during the period;
• lower interest expense on interest-bearing deposits by $3.2 million, primarily attributable to online savings deposit costs decreasing by 27 basis points and time deposits repricing resulting in lower costs by ten basis points;

partially offset by:

• lower income from money market investments by $6.7 million or 45 basis points, mainly due to lower average balances reflecting the full quarter impact of the approximately $500 million purchases of U.S. Treasury Notes mentioned above, coupled with a lower yield due to the decline in short-term rates.

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 $166.3 million for the quarter ended December 31, 2025, a decrease of $4.9 million when compared to $171.2 million for the previous quarter. The main variances in non-interest income include:

• lower other operating income by $6.0 million, mainly due to a $5.3 million retroactive energy charge billed to a tenant in the third quarter of 2025 and lower income from investments accounted under the equity method by $1.5 million; and
• an unfavorable variance in the income from equity securities of $4.2 million mainly due to the $4.1 million decrease in the valuation of securities held for deferred benefit plans, which have an offsetting effect in personnel costs;

partially offset by:

• higher other service fees by $5.1 million, mainly driven by higher debit card fees by $2.3 million, due to a seasonal increase in purchase volume, higher insurance fees by $1.5 million, mainly due to contingent insurance commissions which are typically received during the fourth quarter, and higher investment management fees by $0.7 million.

Refer to Table B for further details.

Operating expenses

Operating expenses for the fourth quarter of 2025 totaled $473.2 million, a decrease of $22.1 million when compared to the third quarter of 2025. During the fourth quarter of 2025, the Corporation recorded a partial reversal of $15.3 million from the reserve related to the FDIC special assessment imposed on banks to recover losses in connection with the receivership of two failed banks during 2023. Management revised its reserve based on the FDIC’s interim final rule, which became effective December 19, 2025 and amended, among other things, the collection rate of the special assessment. Excluding the effect of this partial reversal of the FDIC special assessment, total operating expenses for the fourth quarter of 2025 were $488.5 million, compared to $495.3 million in the previous quarter.

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

• a non-cash goodwill impairment of $13.0 million in our U.S. based equipment leasing subsidiary recorded during the third quarter of 2025; and
• lower personnel costs by $2.8 million mainly due to a $2.8 million decrease in other personnel costs, mostly related to the $4.1 million unfavorable valuation of equity securities held for deferred compensation plans, which is reflected in equity securities income with an offsetting effect in personnel costs;

partially offset by:

• higher professional fees by $3.5 million due to consulting fees related to corporate initiatives and IT projects and higher costs associated with regulatory compliance activities;
• an unfavorable variance in other operating expenses by $3.2 million driven by a $4.8 million claim reversal recorded during the third quarter of 2025 and higher operational and legal case reserves;
• higher business promotion expenses by $2.6 million mainly due to an increase in seasonal advertising campaigns and related activities, which are typically higher in the fourth quarter; and
• an unfavorable variance in net occupancy expenses by $1.7 million driven by the net impact of adjustments to several lease agreements in the third quarter, an unfavorable variance in real property taxes due to the ongoing reassessments of certain properties resulting in higher reversals in the third quarter when compared to the fourth quarter, and higher repairs and maintenance expenses.

Full-time equivalent employees were 9,238 as of December 31, 2025, compared to 9,263 as of September 30, 2025.

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

Income taxes

For the fourth quarter of 2025, the Corporation recorded an income tax expense of $44.7 million, compared to an income tax expense of $36.0 million for the previous quarter. The increase in income tax expense of $8.7 million is mainly driven by higher income before tax, partially offset by higher exempt income and the benefit of the disregarded entity election discussed below.

Following an amendment to the Puerto Rico Internal Revenue Code, the Corporation elected to treat certain single members LLCs as disregarded entities on its 2024 corporate income tax return, which was filed during the fourth quarter of 2025. This election resulted in an income tax benefit of $7.7 million during the fourth quarter of 2025, essentially reversing the income tax expense that had been provisioned related to these entities during 2025.

The effective tax rate (“ETR”) for the fourth quarter of 2025 was 16.0%, compared to 14.5% for the previous quarter. Excluding the partial reversal of the FDIC special assessment and the adjustment related to the election to treat LLCs as disregarded entities, the ETR for the fourth quarter of 2025 was 17.8%.

The ETR for the year ended December 31, 2025 was 17.3%, compared to 22.9% for the previous year. The ETR for the Adjusted Net Income for the year 2025 was 17.0% compared to 20.9% for the year 2024. The ETR of the Corporation is impacted by the composition source of its taxable income and tax credit activities.

Credit Quality

During the fourth quarter of 2025, the Corporation’s credit quality metrics remained 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 fourth quarter of 2025:

Non-Performing Loans and Net Charge Offs

Total NPLs decreased by $3.9 million to $498.3 million compared to the previous quarter. Excluding consumer loans, inflows of NPLs held-in-portfolio decreased by $190.2 million in the fourth quarter of 2025. The ratio of NPLs to total loans held in the portfolio was 1.27% for the fourth quarter of 2025, compared to 1.30% for the previous quarter. NPLs variances per reporting segment include:

• In the BPPR segment, NPLs increased by $5.3 million, primarily due to higher commercial and consumer NPLs by $8.2 million and $3.3 million, respectively, offset in part by lower mortgage NPLs by $7.6 million. Excluding consumer loans, inflows to NPLs in the BPPR segment decreased by $195.8 million compared to the previous quarter, as the prior quarter included the impact of two unrelated commercial exposures totaling $188.4 million which entered NPL status. These classifications were attributable to borrower specific circumstances and management believes they are not indicative of the broader credit quality within the portfolio.
• In the PB segment, NPLs decreased by $9.2 million driven by lower mortgage NPLs by $14.4 million due to the return to accrual of a single $16.5 million loan after a period of sustained performance, in part offset by higher commercial NPLs by $5.4 million. Inflows to NPLs, excluding consumer loans, increased by $5.7 million quarter-over-quarter, largely driven by commercial loans.

Including other real estate owned (“OREO”) assets of $42.4 million, non-performing assets (“NPAs”) for the Corporation amounted to $540.8 million, a decrease of $4.4 million compared to the previous quarter.

Total NCOs of $49.6 million decreased by $8.2 million when compared to the third quarter of 2025. NCOs during the quarter include $5.3 million in recoveries from the sale of previously charged-off auto and credit card loans. The Corporation’s ratio of annualized NCOs to average loans held-in-portfolio for the fourth quarter was 0.51%, compared to 0.60% in the third quarter of 2025.

NCOs variances per reporting segment include:

• In the BPPR segment, NCOs decreased by $7.4 million, mostly due to an $8.9 million reduction in commercial NCOs, as the prior quarter included a $13.5 million charge-off related to a single borrower, for specific circumstances which were determined by management not to be representative of the broader credit quality of the portfolio. This was partially offset by a $1.7 million increase in consumer NCOs. NCOs include $5.3 million in recoveries from the sale of previously charged off auto and credit cards loans, as referenced above.
• In the PB segment, NCOs decreased by $0.8 million, mostly due to lower commercial NCOs.

Allowance for Credit Losses and Provision for Credit Losses

The ACL as of December 31, 2025 amounted to $808.1 million, an increase of $21.8 million when compared to the third quarter of 2025. The increase in ACL was primarily in the BPPR segment, as further described below.

• In the BPPR segment, the ACL increased by $22.6 million when compared to the previous quarter, mostly due to a $15.1 million increase in the reserves for commercial loans driven by higher loan balances, specific reserves for collateral dependent loans, and loan modifications. The ACL for consumer loans increased by $13.9 million, mainly in unsecured personal loans and credit cards due to higher loan balances within lower FICO categories. These increases were partially offset by a $6.9 million reduction in the reserves for mortgage loans reflecting improvements in credit quality.
• In the Popular Bank segment, the ACL remained stable, decreasing by $0.7 million from the previous quarter.

The Corporation’s ratio of the ACL to loans held-in-portfolio was 2.05% in the fourth quarter of 2025, compared to 2.03% in the previous quarter. The ratio of the ACL to NPLs held-in-portfolio increased to 162.2%, from 156.6% in the previous quarter.

The provision for loan losses for the loan and lease portfolios for the fourth quarter of 2025 was $71.4 million, a decrease of $3.1 million when compared to $74.5 million in the previous quarter. The provision for loan losses for the BPPR segment amounted to $71.7 million, compared to $72.6 million in the previous quarter. This decrease was primarily driven by lower provision expenses for commercial loans by $19.4 million, as the third quarter was impacted by two large unrelated exposures. The provision for the mortgage loans also decreased by $10.2 million due to improvements in credit quality. These were partially offset by a higher provision for the consumer loan portfolio by $27.2 million due to above-mentioned changes in FICO scores and macroeconomic scenarios. The provision for losses for the PB segment amounted to a release of $0.3 million, compared to an expense of $1.9 million in the prior quarter.

The provision for credit losses for the fourth quarter of $72.0 million includes the provision for loan and lease losses, along with a $0.6 million reserve related to unfunded loan commitments and a $0.02 million reserve release for the Corporation’s investment portfolio.

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

Total assets amounted to $75.3 billion at December 31, 2025, an increase of $282.5 million from the third quarter of 2025, driven by:

• an increase in loans held-in-portfolio by $640.4 million, resulting from an increase of $496.8 million in the BPPR segment across most portfolios, particularly commercial and mortgage loans, coupled with an increase of $143.6 million in the PB segment, mainly due to commercial loans;

partially offset by:

• a decrease in money market investments of $127.9 million, mainly driven by loan origination activity and lower deposit balances, mainly related to P.R. public deposits;
• a decrease in available-for-sale (“AFS”) securities of $111.5 million, driven by maturities and principal paydowns, mainly in mortgage-backed securities (“MBS”), partially offset by reinvestments in U.S. Treasury securities and a decrease in the unrealized losses of $66.8 million; and
• a decrease in held-to-maturity (“HTM”) securities of $105.6 million, driven by maturities and principal paydowns, partially offset by the amortization of $47.6 million of the discount related to U.S. Treasury securities previously reclassified from AFS to HTM.

Total liabilities increased by $149.1 million from the third quarter of 2025, driven by:

• an increase in other liabilities of $270.6 million, mainly due to higher unsettled U.S. Treasury securities purchases by $289.1 million; and
• an increase in other short-term borrowings of $250.0 million due to higher FHLB advances in PB;

partially offset by:

• a decrease of $323.3 million in deposits, primarily driven by a decrease in P.R. public deposits of approximately $662.3 million, as a result of expected outflows of deposits during the fourth quarter of 2025 to fulfill scheduled obligations and operational needs of the government of P.R., and a decrease in high-cost time deposits of $211.2 million, mainly at PB, partially offset by higher demand deposits by $430.2 million, mainly due to commercial deposits in BPPR, and by an increase in savings, NOW and money market deposits of $120.1 million, primarily at PB; and
• a decrease in notes payable of $30.4 million, mainly due to maturities of long-term FHLB advances at PB.

Stockholders' equity increased by $133.4 million when compared to the third quarter of 2025 mainly due to the quarter’s net income of $233.9 million, a decrease in net unrealized losses in the portfolio of AFS securities of $57.0 million, and the amortization of unrealized losses from securities previously reclassified to HTM of $38.1 million, net of tax, partially offset by an increase in Treasury Stock of $148.2 million, mainly due to common stock repurchases during the quarter and the common and preferred dividends declared during the quarter of $49.9 million.

During the quarter and twelve months ended December 31, 2025, Popular repurchased 1,252,303 shares of common stock for $147.8 million at an average price of $118.04 per share, and 4,660,124 shares of common stock for $501.5 million at an average price of $107.61 per share, respectively, as part of the 2024 and 2025 common stock repurchase programs previously announced. As of December 31, 2025, $281.2 million remained available for stock repurchase under the active repurchase authorization.

Common Equity Tier 1 ratio (“CET1”), common equity per share and tangible book value per share were 15.72%, $94.75 and $82.65, respectively, at December 31, 2025, compared to 15.79%, $91.00 and $79.12, respectively, at September 30, 2025.

Refer to Table A for capital ratios.

Refer to Table C for the Statements of Financial Condition.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including without limitation those regarding Popular’s business, financial condition, results of operations, plans, objectives and future performance. These statements are not guarantees of future performance, are based on management’s current expectations and, by their nature, involve risks, uncertainties, estimates and assumptions. Potential factors, some of which are beyond the Corporation’s control, could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. Risks and uncertainties include, without limitation, the effect of competitive and economic factors, and our reaction to those factors, the adequacy of the allowance for loan losses, delinquency trends, market risk and the impact of interest rate changes (including on our cost of deposits), our ability to attract deposits and grow our loan portfolio, capital market conditions, capital adequacy and liquidity, the effect of legal and regulatory proceedings, new regulatory requirements or accounting standards on the Corporation’s financial condition and results of operations, the occurrence of unforeseen or catastrophic events, such as extreme weather events, pandemics, man-made disasters or acts of violence or war, as well as actions taken by governmental authorities in response thereto, and the direct and indirect impact of such events on Popular, our customers, service providers and third parties. Other potential factors include Popular’s ability to successfully execute its transformation initiative, including, but not limited to, achieving projected earnings, efficiencies and return on tangible common equity and accurately anticipating costs and expenses associated therewith, our ability to execute capital actions, including with respect to share repurchases and dividends, the imposition of additional or special FDIC assessments, or increases thereto, changes to regulatory capital, liquidity and resolution-related requirements applicable to financial institutions in response to recent developments affecting the banking sector, the impact of bank failures or adverse developments at other banks and related negative media coverage of the banking industry in general on investor and depositor sentiment regarding the stability and liquidity of banks, the impact of any future U.S. government shutdown and changes in and uncertainty regarding federal funding, tax and trade policies, and rulemaking, supervision, examination and enforcement priorities of the federal administration. All statements contained herein that are not clearly historical in nature, are forward-looking, and the words “anticipate,” “believe,” “continues,” “expect,” “estimate,” “intend,” “project” and similar expressions, and future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” “may” or similar expressions, are generally intended to identify forward-looking statements.

More information on the risks and important factors that could affect the Corporation’s future results and financial condition is included in our Form 10-K for the year ended December 31, 2024, our Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025, and September 30, 2024 and in our Form 10-K for the year ended December 31, 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 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, Tuesday, January 27, 2026 at 10:00 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 507088.

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 Thursday, February 26, 2026, 11:59 p.m. Eastern Time. The replay dial in is: 1-866-813-9403 or 1-929-458-6194. The replay passcode is 142825.

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