v3.25.1
Nature of Operations
 3 Months Ended
Mar. 31, 2025
Nature of operation [Abstract]  
Nature of operations
Note 1 – Nature of Operations
Popular,
 
Inc. (the
 
“Corporation” or
 
“Popular”) is
 
a diversified,
 
publicly-owned financial
 
holding company
 
subject to
 
the supervision
and
 
regulation
 
of
 
the
 
Board
 
of
 
Governors
 
of
 
the
 
Federal
 
Reserve
 
System.
 
The
 
Corporation
 
has
 
operations
 
in
 
Puerto
 
Rico,
 
the
mainland United
 
States (“U.S.”)
 
and U.S.
 
and British
 
Virgin Islands.
 
In Puerto
 
Rico, the
 
Corporation provides
 
retail, mortgage
 
and
commercial banking services and auto
 
and equipment leasing and financing
 
through its principal banking subsidiary,
 
Banco Popular
de Puerto
 
Rico (“BPPR”),
 
as well
 
as broker-dealer
 
and insurance
 
services through
 
specialized subsidiaries.
 
In the
 
U.S. mainland,
the
 
Corporation
 
provides
 
retail,
 
mortgage,
 
commercial
 
banking
 
services,
 
as
 
well
 
as
 
equipment
 
leasing
 
and
 
financing,
 
through
 
its
New
 
York-chartered
 
banking
 
subsidiary,
 
Popular
 
Bank
 
(“PB”
 
or
 
“Popular
 
U.S.”),
 
which
 
has
 
branches
 
located
 
in
 
New
 
York,
 
New
Jersey, and Florida.