Allowance for credit losses - loans held-in-portfolio (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Allowance for credit losses on financing receivables | The following March 31, 2026 and 2025. For the quarter ended March 31, 2026 BPPR Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial $ 3,871 $ 831 $ - $ - $ 2 $ 4,704 44,149 15,847 - (11,131) 16 48,881 34,722 326 - (91) 446 35,403 163,877 16,834 - (2,618) 1,887 179,980 246,619 33,838 - (13,840) 2,351 268,968 Construction 4,488 1,268 - - 11 5,767 Mortgage 70,674 764 7 (483) 2,799 73,761 Leasing 18,620 2,537 - (4,085) 1,516 18,588 Consumer 91,124 14,305 - (19,235) 3,182 89,376 58 (82) - - 91 67 97,804 17,602 - (20,744) 2,795 97,457 180,364 3,006 - (21,150) 8,324 170,544 8,169 60 - (747) 225 7,707 377,519 34,891 - (61,876) 14,617 365,151 Total - Loans $ 717,920 $ 73,298 $ 7 $ (80,284) $ 21,294 $ 732,235 Allowance for credit losses - unfunded commitments: Commercial $ 5,993 $ (603) $ - $ - $ - $ 5,390 Construction 2,570 721 - - - 3,291 Ending balance - unfunded commitments [1] $ 8,563 $ 118 $ - $ - $ - $ 8,681 [1] Allowance for credit losses of unfunded commitments For the quarter ended March 31, 2026 Popular U.S. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 15,474 $ (109) $ - $ - $ 15,365 Commercial real estate non-owner occupied 14,568 697 - - 15,265 Commercial real estate owner occupied 13,729 1,869 - 115 15,713 Commercial and industrial 17,057 424 (29) 44 17,496 Total Commercial 60,828 2,881 (29) 159 63,839 Construction 9,338 55 - - 9,393 Mortgage 9,880 (45) (19) 47 9,863 Consumer Home equity lines of credit 1,277 (400) - 234 1,111 Personal 8,808 (104) (1,818) 396 7,282 Other 5 4 (13) 10 6 Total Consumer 10,090 (500) (1,831) 640 8,399 Total - Loans $ 90,136 $ 2,391 $ (1,879) $ 846 $ 91,494 Allowance for credit losses - unfunded commitments: Commercial $ 1,570 $ 232 $ - $ - $ 1,802 Construction 4,161 (222) - - 3,939 Consumer 144 (19) - - 125 Ending balance - unfunded commitments [1] $ 5,875 $ (9) $ - $ - $ 5,866 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2026 Popular Inc. Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 19,345 $ 722 $ - $ - $ 2 $ 20,069 Commercial real estate non-owner occupied 58,717 16,544 - (11,131) 16 64,146 Commercial real estate owner occupied 48,451 2,195 - (91) 561 51,116 Commercial and industrial 180,934 17,258 - (2,647) 1,931 197,476 Total Commercial 307,447 36,719 - (13,869) 2,510 332,807 Construction 13,826 1,323 - - 11 15,160 Mortgage 80,554 719 7 (502) 2,846 83,624 Leasing 18,620 2,537 - (4,085) 1,516 18,588 Consumer Credit cards 91,124 14,305 - (19,235) 3,182 89,376 Home equity lines of credit 1,335 (482) - - 325 1,178 Personal 106,612 17,498 - (22,562) 3,191 104,739 Auto 180,364 3,006 - (21,150) 8,324 170,544 Other 8,174 64 - (760) 235 7,713 Total Consumer 387,609 34,391 - (63,707) 15,257 373,550 Total - Loans $ 808,056 $ 75,689 $ 7 $ (82,163) $ 22,140 $ 823,729 Allowance for credit losses - unfunded commitments: Commercial $ 7,563 $ (371) $ - $ - $ - $ 7,192 Construction 6,731 499 - - - 7,230 Consumer 144 (19) - - - 125 Ending balance - unfunded commitments [1] $ 14,438 $ 109 $ - $ - $ - $ 14,547 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2025 BPPR Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 2,783 $ 635 $ - $ - $ 2 $ 3,420 Commercial real estate non-owner occupied 44,852 (2,599) - (65) 660 42,848 Commercial real estate owner occupied 37,355 (1,742) - (89) 495 36,019 Commercial and industrial 130,136 (257) - (3,312) 4,840 131,407 Total Commercial 215,126 (3,963) - (3,466) 5,997 213,694 Construction 2,743 (24) - - - 2,719 Mortgage 72,901 (1,118) 9 (435) 2,932 74,289 Leasing 16,419 7,059 - (4,544) 1,272 20,206 Consumer Credit cards 99,130 13,822 - (18,865) 2,436 96,523 Home equity lines of credit 54 (108) - (25) 139 60 Personal 91,296 16,828 - (21,953) 3,615 89,786 Auto 165,995 19,471 - (21,056) 7,569 171,979 Other 7,002 723 - (880) 162 7,007 Total Consumer 363,477 50,736 - (62,779) 13,921 365,355 Total - Loans $ 670,666 $ 52,690 $ 9 $ (71,224) $ 24,122 $ 676,263 Allowance for credit losses - unfunded commitments: Commercial $ 6,725 $ 720 $ - $ - $ - $ 7,445 Construction 1,663 (103) - - - 1,560 Ending balance - unfunded commitments [1] $ 8,388 $ 617 $ - $ - $ - $ 9,005 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2025 Popular U.S. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 6,453 $ 3,627 $ - $ 1 $ 10,081 Commercial real estate non-owner occupied 9,642 5,811 - - 15,453 Commercial real estate owner occupied 12,473 1,209 (12) 523 14,193 Commercial and industrial 15,870 1,477 (1,147) 222 16,422 Total Commercial 44,438 12,124 (1,159) 746 56,149 Construction 8,521 (1,728) - - 6,793 Mortgage 9,508 47 - 185 9,740 Consumer Home equity lines of credit 1,449 (136) (30) 267 1,550 Personal 11,440 2,200 (2,626) 637 11,651 Other 2 21 (29) 8 2 Total Consumer 12,891 2,085 (2,685) 912 13,203 Total - Loans $ 75,358 $ 12,528 $ (3,844) $ 1,843 $ 85,885 Allowance for credit losses - unfunded commitments: Commercial $ 1,662 $ (32) $ - $ - $ 1,630 Construction 5,409 (1,917) - - 3,492 Consumer 11 31 - - 42 Ending balance - unfunded commitments [1] $ 7,082 $ (1,918) $ - $ - $ 5,164 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2025 Popular Inc. Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 9,236 $ 4,262 $ - $ - $ 3 $ 13,501 Commercial real estate non-owner occupied 54,494 3,212 - (65) 660 58,301 Commercial real estate owner occupied 49,828 (533) - (101) 1,018 50,212 Commercial and industrial 146,006 1,220 - (4,459) 5,062 147,829 Total Commercial 259,564 8,161 - (4,625) 6,743 269,843 Construction 11,264 (1,752) - - - 9,512 Mortgage 82,409 (1,071) 9 (435) 3,117 84,029 Leasing 16,419 7,059 - (4,544) 1,272 20,206 Consumer Credit cards 99,130 13,822 - (18,865) 2,436 96,523 Home equity lines of credit 1,503 (244) - (55) 406 1,610 Personal 102,736 19,028 - (24,579) 4,252 101,437 Auto 165,995 19,471 - (21,056) 7,569 171,979 Other 7,004 744 - (909) 170 7,009 Total Consumer 376,368 52,821 - (65,464) 14,833 378,558 Total - Loans $ 746,024 $ 65,218 $ 9 $ (75,068) $ 25,965 $ 762,148 Allowance for credit losses - unfunded commitments: Commercial $ 8,387 $ 688 $ - $ - $ - $ 9,075 Construction 7,072 (2,020) - - - 5,052 Consumer 11 31 - - - 42 Ending balance - unfunded commitments [1] $ 15,470 $ (1,301) $ - $ - $ - $ 14,169 [1] Allowance for credit losses of unfunded commitments is |
| Financing receivable modified for debtors experiencing financial difficulty | Loan Modifications Made to Borrowers Experiencing Financial Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Commercial and industrial $ 743 0.01 % $ - - % $ 743 0.01 % Mortgage 74 - % - - % 74 - % Consumer: 79 0.01 % - - % 79 0.01 % 517 0.03 % - - % 517 0.03 % Total $ 1,413 0.01 % $ - - % $ 1,413 - % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable CRE non-owner occupied $ 1,856 0.05 % $ - - % $ 1,856 0.03 % CRE owner occupied 1,321 0.12 % - - % 1,321 0.04 % Commercial and industrial 56,240 0.95 % - - % 56,240 0.66 % Mortgage 6,309 0.08 % - - % 6,309 0.07 % Consumer: - 104 0.01 % 11 0.02 % 115 0.01 % 51 - % - - % 51 - % Total $ 65,881 0.24 % $ 11 - % $ 65,892 0.17 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable CRE owner occupied $ 17,425 1.52 % $ - - % $ 17,425 0.54 % Commercial and industrial 155,817 2.62 % - - % 155,817 1.82 % Total $ 173,242 0.63 % $ - - % $ 173,242 0.44 % Combination - Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Commercial and industrial $ 109 - % $ - - % $ 109 - % Mortgage 2,195 0.03 % - - % 2,195 0.03 % Consumer: 2,838 0.15 % - - % 2,838 0.15 % 96 - % - - % 96 - % Total $ 5,238 0.02 % $ - - % $ 5,238 0.01 % Combination - BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2026 % of total class of Financing Receivable Commercial and industrial $ 188 - % $ - - % $ 188 - % Consumer: 2,447 0.20 % - - % 2,447 0.20 % Total $ 2,635 0.01 % $ - - % $ 2,635 0.01 % Loan Modifications Made to Borrowers Experiencing Financial Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Commercial and industrial $ 1,272 0.02 % $ - - % $ 1,272 0.02 % Consumer: 235 0.02 % - - % 235 0.02 % 1,215 0.07 % - - % 1,215 0.07 % 5 - % - - % 5 - % Total $ 2,727 0.01 % $ - - % $ 2,727 0.01 % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable CRE non-owner occupied $ 1,005 0.03 % $ - - % $ 1,005 0.02 % CRE owner occupied 512 0.04 % - - % 512 0.02 % Commercial and industrial 9,372 0.18 % - - % 9,372 0.12 % Mortgage 9,971 0.14 % - - % 9,971 0.12 % Consumer: 239 0.01 % 2 - % 241 0.01 % 40 - % - - % 40 - % Total $ 21,139 0.08 % $ 2 - % $ 21,141 0.06 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable CRE non-owner occupied $ 4,454 0.13 % $ - - % $ 4,454 0.08 % CRE owner occupied 24,686 2.05 % - - % 24,686 0.83 % Commercial and industrial 96,529 1.84 % - - % 96,529 1.25 % Total $ 125,669 0.48 % $ - - % $ 125,669 0.34 % Combination - Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Mortgage $ 3,132 0.05 % $ - - % $ 3,132 0.04 % Consumer: 3,209 0.18 % 43 0.05 % 3,252 0.18 % Total $ 6,341 0.02 % $ 43 0.05 % $ 6,384 0.02 % Combination - BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Amortized Cost Basis at March 31, 2025 % of total class of Financing Receivable Commercial and industrial $ 567 0.01 % $ - - % $ 567 0.01 % Consumer: 2,751 0.23 % - - % 2,751 0.23 % Total $ 3,318 0.01 % $ - - % $ 3,318 0.01 % The following tables describe the financial effect of the For the quarter ended March 31, 2026 Interest rate reduction Loan Type Financial Effect Commercial and industrial Reduced weighted-average contractual interest rate from 22.6 % to 9.9 %. Mortgage Reduced weighted-average contractual interest rate from 7.3 % to 5.4 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 21.2 % to 8.8 %. Personal Reduced weighted-average contractual interest rate from 19.9 % to 12.1 %. Auto Reduced weighted-average contractual interest rate from 8.9 % to 8.7 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 16 CRE Owner occupied Added a weighted-average of 4 Commercial and industrial Added a weighted-average of 5 Mortgage Added a weighted-average of 13 Consumer: Personal Added a weighted-average of 4 Auto Added a weighted-average of 19 Other than insignificant payment delays Loan Type Financial Effect CRE Owner occupied Added a weighted-average of 10 Commercial and industrial Added a weighted-average of 10 Consumer: Credit cards Added a weighted-average of 17 For the quarter ended March 31, 2025 Interest rate reduction Loan Type Financial Effect Commercial and industrial Reduced weighted-average contractual interest rate from 25.4 % to 9.6 %. Mortgage Reduced weighted-average contractual interest rate from 6.5 % to 5.6 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 21.3 % to 8.2 %. Personal Reduced weighted-average contractual interest rate from 21.6 % to 11.7 %. Other Reduced weighted-average contractual interest rate from 18 .0% to 0 .0%. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 6 CRE Owner occupied Added a weighted-average of 3 Commercial and industrial Added a weighted-average of 1 Mortgage Added a weighted-average of 15 Consumer: Personal Added a weighted-average of 5 Auto Added a weighted-average of 3 Other than insignificant payment delay Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 10 CRE Owner occupied Added a weighted-average of 9 Commercial and industrial Added a weighted-average of 13 Consumer: Credit cards Added a weighted-average of 19 BPPR Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE non-owner occupied $ - $ - $ 2,115 $ 2,115 $ 1,726 $ 3,841 $ - $ 2,115 CRE owner occupied 485 - 2,741 3,226 58,227 61,453 - 2,741 Commercial and industrial 809 76 4,369 5,254 304,683 309,937 341 4,028 Mortgage 4,082 1,615 20,668 26,365 24,524 50,889 7,338 13,330 Consumer: 751 454 1,139 2,344 6,755 9,099 869 270 695 197 1,328 2,220 12,195 14,415 60 1,268 - - - - 458 458 - Total $ 6,822 $ 2,342 $ 32,360 $ 41,524 $ 408,568 $ 450,092 $ 8,608 $ 23,752 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. Payment default charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that Popular U.S. Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE non-owner occupied $ - $ - $ - $ - $ 58,652 $ 58,652 $ - $ - Commercial and industrial - - - - 914 914 - - Mortgage - - - - 1,120 1,120 - - Consumer: - - 33 33 75 108 33 - Total $ - $ - $ 33 $ 33 $ 60,761 $ 60,794 $ 33 $ - [1] Loans that were in non-accrual status at the time to make the restructured loan payments. Payment default charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that Popular Inc. Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE non-owner occupied $ - $ - $ 2,115 $ 2,115 $ 60,378 $ 62,493 $ - $ 2,115 CRE owner occupied 485 - 2,741 3,226 58,227 61,453 - 2,741 Commercial and industrial 809 76 4,369 5,254 305,597 310,851 341 4,028 Mortgage 4,082 1,615 20,668 26,365 25,644 52,009 7,338 13,330 Consumer: 751 454 1,139 2,344 6,755 9,099 869 270 695 197 1,361 2,253 12,270 14,523 93 1,268 - - - - 458 458 - - Total $ 6,822 $ 2,342 $ 32,393 $ 41,557 $ 469,329 $ 510,886 $ 8,641 $ 23,752 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that The following tables present, by class, the performance of loans that have been modified during the twelve months preceding March 31, 2025. BPPR Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE non-owner occupied $ - $ - $ 451 $ 451 $ 8,571 $ 9,022 $ - $ 451 CRE owner occupied 85 113 2,137 2,335 45,631 47,966 257 1,880 Commercial and industrial 290 177 4,856 5,323 167,950 173,273 273 4,583 Mortgage 5,072 2,767 17,345 25,184 37,456 62,640 3,256 14,089 Consumer: 699 536 845 2,080 4,690 6,770 503 342 391 129 1,887 2,407 12,584 14,991 136 1,751 - - - - 119 119 - - - - - - 27 27 - - Total $ 6,537 $ 3,722 $ 27,521 $ 37,780 $ 277,028 $ 314,808 $ 4,425 $ 23,096 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. Payment default charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that Popular U.S. Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default Commercial multi-family $ - $ - $ - $ - $ 5,804 $ 5,804 $ - $ - CRE owner occupied - - - - 5,953 5,953 - - Commercial and industrial - - - - 684 684 - - Mortgage - - 699 699 796 1,495 645 54 Consumer: 14 - - 14 221 235 - - Total $ 14 $ - $ 699 $ 713 $ 13,458 $ 14,171 $ 645 $ 54 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. Payment default charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that Popular Inc. Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default Commercial multi-family $ - $ - $ - $ - $ 5,804 $ 5,804 $ - $ - CRE non-owner occupied - - 451 451 8,571 9,022 - 451 CRE owner occupied 85 113 2,137 2,335 51,584 53,919 257 1,880 Commercial and industrial 290 177 4,856 5,323 168,634 173,957 273 4,583 Mortgage 5,072 2,767 18,044 25,883 38,252 64,135 3,901 14,143 Consumer: 699 536 845 2,080 4,690 6,770 503 342 405 129 1,887 2,421 12,805 15,226 136 1,751 - - - - 119 119 - - - - - - 27 27 - - Total $ 6,551 $ 3,722 $ 28,220 $ 38,493 $ 290,486 $ 328,979 $ 5,070 $ 23,150 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that |
| Loans Subsequent Default | The difficulties that were subject to payment default and that Amortized Cost Basis of Modified Financing Receivables That (In thousands) Interest Rate Reduction Term Extension Other-Than- Insignificant Payment Delays Combination - Term Extension and Interest Rate Reduction Combination - Other- Than-Insignificant Payment Delays and Interest Rate Reduction Total Commercial and industrial $ 152 $ 40 $ 14 $ 96 $ 140 $ 442 Mortgage - 7,741 109 736 - 8,586 Consumer: 69 - - - 1,133 1,202 50 - - 288 - 338 Total $ 271 $ 7,781 $ 123 $ 1,120 $ 1,273 $ 10,568 Amortized Cost Basis of Modified Financing Receivables That (In thousands) Interest Rate Reduction Term Extension Other-Than- Insignificant Payment Delays Combination - Term Extension and Interest Rate Reduction Combination - Other- Than-Insignificant Payment Delays and Interest Rate Reduction Total CRE owner occupied $ - $ 89 $ 257 $ - $ - $ 346 Commercial and industrial 81 64 84 - 132 361 Mortgage - 4,820 - 415 - 5,235 Consumer: 178 - - - 454 632 85 11 - 67 - 163 Total $ 344 $ 4,984 $ 341 $ 482 $ 586 $ 6,737 |
| Financing Receivable Credit Quality Indicators | The following tables present the amortized cost basis, net of unearned income, of assignment of vintage year. For Statements included in the 2025 Form 10-K: March 31, 2026 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2026 2025 2024 2023 2022 Prior Years Total BPPR Commercial: Commercial multi-family Pass $ 42,608 $ 11,093 $ 32,748 $ 36,284 $ 130,510 $ 65,455 $ 303 $ - $ 319,001 Watch - - 15,710 - 518 3,654 - - 19,882 Special Mention - 220 - - - 193 - - 413 Substandard - - - - - 3,795 - - 3,795 Total commercial multi-family $ 42,608 $ 11,313 $ 48,458 $ 36,284 $ 131,028 $ 73,097 $ 303 $ - $ 343,091 Commercial real estate non-owner occupied Pass $ 82,203 $ 441,363 $ 401,447 $ 263,210 $ 782,917 $ 1,136,854 $ 5,267 $ - $ 3,113,261 Watch - 22,316 11,821 42,798 4,973 97,718 598 - 180,224 Special Mention - 1,814 - 868 141 41,114 - - 43,937 Substandard - - 723 8,367 17,435 28,244 - - 54,769 Total commercial real estate non- owner occupied $ 82,203 $ 465,493 $ 413,991 $ 315,243 $ 805,466 $ 1,303,930 $ 5,865 $ - $ 3,392,191 Year-to-Date gross write-offs $ - $ - $ - $ - $ 11,131 $ - $ - $ - $ 11,131 Commercial real estate owner occupied Pass $ 17,596 $ 153,564 $ 111,506 $ 48,190 $ 69,723 $ 422,574 $ 22,830 $ - $ 845,983 Watch - 6,194 26,562 6,166 34,427 93,078 1,049 - 167,476 Special Mention 190 - - 1,484 2,935 17,345 1,500 - 23,454 Substandard 987 9,312 1,894 1,804 18,232 76,798 1,827 - 110,854 Doubtful - 73 - - 220 151 - - 444 Total commercial real estate owner occupied $ 18,773 $ 169,143 $ 139,962 $ 57,644 $ 125,537 $ 609,946 $ 27,206 $ - $ 1,148,211 Year-to-Date gross write-offs $ 1 $ - $ - $ - $ - $ 90 $ - $ - $ 91 Commercial and industrial Pass $ 68,303 $ 1,310,651 $ 599,285 $ 642,805 $ 424,285 $ 518,898 $ 1,366,545 $ - $ 4,930,772 Watch 7,479 34,152 93,292 18,274 32,820 17,092 204,257 - 407,366 Special Mention 1,342 20,675 25,617 9,852 1,791 4,476 22,278 - 86,031 Substandard 8,539 36,138 14,964 46,521 94,276 170,270 145,363 - 516,071 Loss - - - - - - 25 - 25 Total commercial and industrial $ 85,663 $ 1,401,616 $ 733,158 $ 717,452 $ 553,172 $ 710,736 $ 1,738,468 $ - $ 5,940,265 Year-to-Date gross write-offs $ 322 $ 257 $ 161 $ 60 $ 14 $ 14 $ 1,790 $ - $ 2,618 Construction Pass $ 8,389 $ 34,849 $ 114,149 $ 77,267 $ - $ 11,792 $ 71,895 $ - $ 318,341 Watch - - 45,773 43,224 5,688 - (247) - 94,438 Total construction $ 8,389 $ 34,849 $ 159,922 $ 120,491 $ 5,688 $ 11,792 $ 71,648 $ - $ 412,779 Mortgage Pass $ 191,448 $ 1,006,090 $ 855,964 $ 668,642 $ 382,160 $ 4,262,955 $ - $ - $ 7,367,259 Substandard - 183 727 2,872 1,922 62,782 - - 68,486 Total mortgage $ 191,448 $ 1,006,273 $ 856,691 $ 671,514 $ 384,082 $ 4,325,737 $ - $ - $ 7,435,745 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 483 $ - $ - $ 483 March 31, 2026 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2026 2025 2024 2023 2022 Prior Years Total BPPR Leasing Pass $ 202,295 $ 598,503 $ 498,463 $ 324,408 $ 225,282 $ 128,323 $ - $ - $ 1,977,274 Substandard 1 653 1,825 2,632 2,242 1,538 - - 8,891 Total leasing $ 202,296 $ 599,156 $ 500,288 $ 327,040 $ 227,524 $ 129,861 $ - $ - $ 1,986,165 Year-to-Date gross write-offs $ 21 $ 1,064 $ 1,026 $ 1,082 $ 693 $ 199 $ - $ - $ 4,085 Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,188,797 $ - $ 1,188,797 Substandard - - - - - - 25,392 - 25,392 Loss - - - - - - 3 - 3 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,214,192 $ - $ 1,214,192 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 19,235 $ - $ 19,235 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 1,898 $ - $ 1,898 Total HELOCs $ - $ - $ - $ - $ - $ - $ 1,898 $ - $ 1,898 Personal Pass $ 238,029 $ 755,971 $ 361,303 $ 223,153 $ 111,867 $ 113,321 $ - $ 31,028 $ 1,834,672 Substandard - 1,644 2,772 2,475 1,246 6,432 - 1,800 16,369 Loss - - 9 1 - 13 - - 23 Total Personal $ 238,029 $ 757,615 $ 364,084 $ 225,629 $ 113,113 $ 119,766 $ - $ 32,828 $ 1,851,064 Year-to-Date gross write-offs $ - $ 2,534 $ 3,780 $ 4,636 $ 1,937 $ 7,205 $ - $ 652 $ 20,744 Auto Pass $ 286,874 $ 1,082,045 $ 930,739 $ 647,257 $ 420,503 $ 372,300 $ - $ - $ 3,739,718 Substandard 20 4,671 12,133 10,915 8,074 8,326 - - 44,139 Loss - 29 16 - - 2 - - 47 Total Auto $ 286,894 $ 1,086,745 $ 942,888 $ 658,172 $ 428,577 $ 380,628 $ - $ - $ 3,783,904 Year-to-Date gross write-offs $ 82 $ 5,175 $ 7,130 $ 5,400 $ 2,516 $ 847 $ - $ - $ 21,150 Other consumer Pass $ 5,899 $ 32,313 $ 23,730 $ 15,510 $ 14,353 $ 7,189 $ 63,737 $ - $ 162,731 Substandard - - 10 2,242 128 45 436 - 2,861 Loss - - - - 1,025 791 - - 1,816 Total Other consumer $ 5,899 $ 32,313 $ 23,740 $ 17,752 $ 15,506 $ 8,025 $ 64,173 $ - $ 167,408 Year-to-Date gross write-offs $ - $ 94 $ 34 $ 57 $ 94 $ 468 $ - $ - $ 747 Total BPPR $ 1,162,202 $ 5,564,516 $ 4,183,182 $ 3,147,221 $ 2,789,693 $ 7,673,518 $ 3,123,753 $ 32,828 $ 27,676,913 March 31, 2026 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2026 2025 2024 2023 2022 Prior Years Total Popular U.S. Commercial: Commercial multi-family Pass $ 87,872 $ 350,606 $ 136,836 $ 118,464 $ 380,415 $ 736,267 $ 8,422 $ - $ 1,818,882 Watch - - 2,460 20,354 71,147 137,773 - - 231,734 Special Mention - - - 2,702 - 2,053 - - 4,755 Substandard - - - 1,769 2,720 24,344 - - 28,833 Total commercial multi-family $ 87,872 $ 350,606 $ 139,296 $ 143,289 $ 454,282 $ 900,437 $ 8,422 $ - $ 2,084,204 Commercial real estate non-owner occupied Pass $ 23,820 $ 216,348 $ 163,271 $ 321,723 $ 460,793 $ 722,441 $ 7,065 $ - $ 1,915,461 Watch - 10,300 9,757 11,387 15,032 59,839 - - 106,315 Special Mention - - 2,067 - - 1,888 - - 3,955 Substandard - - - - 6,854 118,675 - - 125,529 Total commercial real estate non- owner occupied $ 23,820 $ 226,648 $ 175,095 $ 333,110 $ 482,679 $ 902,843 $ 7,065 $ - $ 2,151,260 Commercial real estate owner occupied Pass $ 257,819 $ 562,643 $ 219,711 $ 155,809 $ 192,366 $ 399,096 $ 10,052 $ - $ 1,797,496 Watch - - 35,238 55,274 25,253 32,158 1,600 - 149,523 Special Mention - - 17,890 - - 10,816 - - 28,706 Substandard - - 2,700 - 1,922 83,798 - - 88,420 Total commercial real estate owner occupied $ 257,819 $ 562,643 $ 275,539 $ 211,083 $ 219,541 $ 525,868 $ 11,652 $ - $ 2,064,145 Commercial and industrial Pass $ 7,653 $ 296,812 $ 363,946 $ 225,175 $ 273,167 $ 764,098 $ 338,795 $ - $ 2,269,646 Watch - 33,073 7,034 42,309 62,586 177,179 11,200 - 333,381 Special Mention - - - 4,649 - 411 738 - 5,798 Substandard - - 5,441 1,070 3,906 1,506 4,546 - 16,469 Total commercial and industrial $ 7,653 $ 329,885 $ 376,421 $ 273,203 $ 339,659 $ 943,194 $ 355,279 $ - $ 2,625,294 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 2 $ 27 $ - $ 29 Construction Pass $ 70,527 $ 356,131 $ 404,477 $ 214,892 $ 60,026 $ - $ 12,491 $ - $ 1,118,544 Watch - 12,983 10,814 60,772 28,524 6,903 - - 119,996 Special Mention - - - 3,833 - - - - 3,833 Substandard - - 7,526 2,912 8,603 - - - 19,041 Total construction $ 70,527 $ 369,114 $ 422,817 $ 282,409 $ 97,153 $ 6,903 $ 12,491 $ - $ 1,261,414 Mortgage Pass $ 2,484 $ 96,739 $ 72,630 $ 77,522 $ 204,371 $ 813,170 $ - $ - $ 1,266,916 Substandard - - - 644 - 9,056 - - 9,700 Total mortgage $ 2,484 $ 96,739 $ 72,630 $ 78,166 $ 204,371 $ 822,226 $ - $ - $ 1,276,616 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 19 $ - $ - $ 19 March 31, 2026 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2026 2025 2024 2023 2022 Prior Years Total Popular U.S. Consumer: Pass $ - $ - $ - $ - $ - $ - $ 7 $ - $ 7 Total credit cards $ - $ - $ - $ - $ - $ - $ 7 $ - $ 7 HELOCs Pass $ - $ - $ - $ - $ - $ 4,994 $ 61,077 $ 9,029 $ 75,100 Substandard - - - - - 1,219 11 880 2,110 Loss - - - - - 39 - 617 656 Total HELOCs $ - $ - $ - $ - $ - $ 6,252 $ 61,088 $ 10,526 $ 77,866 Personal Pass $ 3,471 $ 16,383 $ 15,929 $ 10,265 $ 12,048 $ 3,216 $ - $ - $ 61,312 Substandard - 77 149 182 165 273 - - 846 Loss - - 11 - - 48 - - 59 Total Personal $ 3,471 $ 16,460 $ 16,089 $ 10,447 $ 12,213 $ 3,537 $ - $ - $ 62,217 Year-to-Date gross write-offs $ 30 $ 276 $ 554 $ 454 $ 300 $ 204 $ - $ - $ 1,818 Other consumer Pass $ - $ - $ - $ - $ - $ - $ 9,766 $ - $ 9,766 Total Other consumer $ - $ - $ - $ - $ - $ - $ 9,766 $ - $ 9,766 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 13 $ - $ 13 Total Popular U.S. $ 453,646 $ 1,952,095 $ 1,477,887 $ 1,331,707 $ 1,809,898 $ 4,111,260 $ 465,770 $ 10,526 $ 11,612,789 March 31, 2026 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2026 2025 2024 2023 2022 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Pass $ 130,480 $ 361,699 $ 169,584 $ 154,748 $ 510,925 $ 801,722 $ 8,725 $ - $ 2,137,883 Watch - - 18,170 20,354 71,665 141,427 - - 251,616 Special Mention - 220 - 2,702 - 2,246 - - 5,168 Substandard - - - 1,769 2,720 28,139 - - 32,628 Total commercial multi-family $ 130,480 $ 361,919 $ 187,754 $ 179,573 $ 585,310 $ 973,534 $ 8,725 $ - $ 2,427,295 Commercial real estate non-owner occupied Pass $ 106,023 $ 657,711 $ 564,718 $ 584,933 $ 1,243,710 $ 1,859,295 $ 12,332 $ - $ 5,028,722 Watch - 32,616 21,578 54,185 20,005 157,557 598 - 286,539 Special Mention - 1,814 2,067 868 141 43,002 - - 47,892 Substandard - - 723 8,367 24,289 146,919 - - 180,298 Total commercial real estate non- owner occupied $ 106,023 $ 692,141 $ 589,086 $ 648,353 $ 1,288,145 $ 2,206,773 $ 12,930 $ - $ 5,543,451 Year-to-Date gross write-offs $ - $ - $ - $ - $ 11,131 $ - $ - $ - $ 11,131 Commercial real estate owner occupied Pass $ 275,415 $ 716,207 $ 331,217 $ 203,999 $ 262,089 $ 821,670 $ 32,882 $ - $ 2,643,479 Watch - 6,194 61,800 61,440 59,680 125,236 2,649 - 316,999 Special Mention 190 - 17,890 1,484 2,935 28,161 1,500 - 52,160 Substandard 987 9,312 4,594 1,804 20,154 160,596 1,827 - 199,274 Doubtful - 73 - - 220 151 - - 444 Total commercial real estate owner occupied $ 276,592 $ 731,786 $ 415,501 $ 268,727 $ 345,078 $ 1,135,814 $ 38,858 $ - $ 3,212,356 Year-to-Date gross write-offs $ 1 $ - $ - $ - $ - $ 90 $ - $ - $ 91 Commercial and industrial Pass $ 75,956 $ 1,607,463 $ 963,231 $ 867,980 $ 697,452 $ 1,282,996 $ 1,705,340 $ - $ 7,200,418 Watch 7,479 67,225 100,326 60,583 95,406 194,271 215,457 - 740,747 Special Mention 1,342 20,675 25,617 14,501 1,791 4,887 23,016 - 91,829 Substandard 8,539 36,138 20,405 47,591 98,182 171,776 149,909 - 532,540 Loss - - - - - - 25 - 25 Total commercial and industrial $ 93,316 $ 1,731,501 $ 1,109,579 $ 990,655 $ 892,831 $ 1,653,930 $ 2,093,747 $ - $ 8,565,559 Year-to-Date gross write-offs $ 322 $ 257 $ 161 $ 60 $ 14 $ 16 $ 1,817 $ - $ 2,647 March 31, 2026 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2026 2025 2024 2023 2022 Prior Years Total Popular, Inc. Construction Pass $ 78,916 $ 390,980 $ 518,626 $ 292,159 $ 60,026 $ 11,792 $ 84,386 $ - $ 1,436,885 Watch - 12,983 56,587 103,996 34,212 6,903 (247) - 214,434 Special Mention - - - 3,833 - - - - 3,833 Substandard - - 7,526 2,912 8,603 - - - 19,041 Total construction $ 78,916 $ 403,963 $ 582,739 $ 402,900 $ 102,841 $ 18,695 $ 84,139 $ - $ 1,674,193 Mortgage Pass $ 193,932 $ 1,102,829 $ 928,594 $ 746,164 $ 586,531 $ 5,076,125 $ - $ - $ 8,634,175 Substandard - 183 727 3,516 1,922 71,838 - - 78,186 Total mortgage $ 193,932 $ 1,103,012 $ 929,321 $ 749,680 $ 588,453 $ 5,147,963 $ - $ - $ 8,712,361 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 502 $ - $ - $ 502 Leasing Pass $ 202,295 $ 598,503 $ 498,463 $ 324,408 $ 225,282 $ 128,323 $ - $ - $ 1,977,274 Substandard 1 653 1,825 2,632 2,242 1,538 - - 8,891 Total leasing $ 202,296 $ 599,156 $ 500,288 $ 327,040 $ 227,524 $ 129,861 $ - $ - $ 1,986,165 Year-to-Date gross write-offs $ 21 $ 1,064 $ 1,026 $ 1,082 $ 693 $ 199 $ - $ - $ 4,085 March 31, 2026 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2026 2025 2024 2023 2022 Prior Years Total Popular, Inc. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,188,804 $ - $ 1,188,804 Substandard - - - - - - 25,392 - 25,392 Loss - - - - - - 3 - 3 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,214,199 $ - $ 1,214,199 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 19,235 $ - $ 19,235 HELOCs Pass $ - $ - $ - $ - $ - $ 4,994 $ 62,975 $ 9,029 $ 76,998 Substandard - - - - - 1,219 11 880 2,110 Loss - - - - - 39 - 617 656 Total HELOCs $ - $ - $ - $ - $ - $ 6,252 $ 62,986 $ 10,526 $ 79,764 Personal Pass $ 241,500 $ 772,354 $ 377,232 $ 233,418 $ 123,915 $ 116,537 $ - $ 31,028 $ 1,895,984 Substandard - 1,721 2,921 2,657 1,411 6,705 - 1,800 17,215 Loss - - 20 1 - 61 - - 82 Total Personal $ 241,500 $ 774,075 $ 380,173 $ 236,076 $ 125,326 $ 123,303 $ - $ 32,828 $ 1,913,281 Year-to-Date gross write-offs $ 30 $ 2,810 $ 4,334 $ 5,090 $ 2,237 $ 7,409 $ - $ 652 $ 22,562 Auto Pass $ 286,874 $ 1,082,045 $ 930,739 $ 647,257 $ 420,503 $ 372,300 $ - $ - $ 3,739,718 Substandard 20 4,671 12,133 10,915 8,074 8,326 - - 44,139 Loss - 29 16 - - 2 - - 47 Total Auto $ 286,894 $ 1,086,745 $ 942,888 $ 658,172 $ 428,577 $ 380,628 $ - $ - $ 3,783,904 Year-to-Date gross write-offs $ 82 $ 5,175 $ 7,130 $ 5,400 $ 2,516 $ 847 $ - $ - $ 21,150 Other consumer Pass $ 5,899 $ 32,313 $ 23,730 $ 15,510 $ 14,353 $ 7,189 $ 73,503 $ - $ 172,497 Substandard - - 10 2,242 128 45 436 - 2,861 Loss - - - - 1,025 791 - - 1,816 Total Other consumer $ 5,899 $ 32,313 $ 23,740 $ 17,752 $ 15,506 $ 8,025 $ 73,939 $ - $ 177,174 Year-to-Date gross write-offs $ - $ 94 $ 34 $ 57 $ 94 $ 468 $ 13 $ - $ 760 Total Popular Inc. $ 1,615,848 $ 7,516,611 $ 5,661,069 $ 4,478,928 $ 4,599,591 $ 11,784,778 $ 3,589,523 $ 43,354 $ 39,289,702 December 31, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total BPPR Commercial: Commercial multi-family Pass $ 12,328 $ 32,906 $ 36,473 $ 131,276 $ 20,536 $ 47,303 $ 107 $ - $ 280,929 Watch - 15,795 - 523 - 1,742 - - 18,060 Special Mention 222 - - - 73 127 - - 422 Substandard - - - - - 3,937 - - 3,937 Total commercial multi-family $ 12,550 $ 48,701 $ 36,473 $ 131,799 $ 20,609 $ 53,109 $ 107 $ - $ 303,348 Commercial real estate non-owner occupied Pass $ 435,616 $ 447,234 $ 265,238 $ 786,465 $ 484,427 $ 671,455 $ 8,480 $ - $ 3,098,915 Watch 23,801 11,965 43,001 5,140 34,140 69,153 - - 187,200 Special Mention 933 - 872 144 23,724 18,398 - - 44,071 Substandard - 726 8,406 28,490 1,438 25,884 - - 64,944 Total commercial real estate non- owner occupied $ 460,350 $ 459,925 $ 317,517 $ 820,239 $ 543,729 $ 784,890 $ 8,480 $ - $ 3,395,130 Year-to-Date gross write-offs $ - $ 13,356 $ - $ 134 $ - $ 86 $ - $ - $ 13,576 Commercial real estate owner occupied Pass $ 157,288 $ 113,778 $ 71,288 $ 55,715 $ 169,037 $ 278,495 $ 20,468 $ - $ 866,069 Watch 6,255 26,923 6,348 35,565 29,409 78,046 2,191 - 184,737 Special Mention - - 1,494 18,063 726 12,637 1,500 - 34,420 Substandard 9,405 1,879 1,839 19,190 7,386 71,358 - - 111,057 Doubtful 75 - - - 62 173 - - 310 Total commercial real estate owner occupied $ 173,023 $ 142,580 $ 80,969 $ 128,533 $ 206,620 $ 440,709 $ 24,159 $ - $ 1,196,593 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 363 $ - $ - $ 363 Commercial and industrial Pass $ 1,357,401 $ 598,521 $ 649,249 $ 442,753 $ 193,173 $ 346,563 $ 1,376,855 $ - $ 4,964,515 Watch 11,706 92,478 19,194 43,529 6,909 19,218 223,490 - 416,524 Special Mention 4,991 26,356 10,178 6,857 454 4,338 14,957 - 68,131 Substandard 38,422 12,526 48,230 89,771 156,970 15,079 159,854 - 520,852 Doubtful 21 - - 24 - 6 - - 51 Total commercial and industrial $ 1,412,541 $ 729,881 $ 726,851 $ 582,934 $ 357,506 $ 385,204 $ 1,775,156 $ - $ 5,970,073 Year-to-Date gross write-offs $ 1,587 $ 716 $ 1,643 $ 655 $ 21 $ 803 $ 9,320 $ - $ 14,745 Construction Pass $ 28,575 $ 99,963 $ 70,674 $ - $ 3,608 $ 9,692 $ 52,758 $ - $ 265,270 Watch - 43,202 40,231 8,129 - - 709 - 92,271 Total construction $ 28,575 $ 143,165 $ 110,905 $ 8,129 $ 3,608 $ 9,692 $ 53,467 $ - $ 357,541 Mortgage Pass $ 986,795 $ 872,826 $ 683,325 $ 386,318 $ 373,153 $ 3,977,979 $ - $ - $ 7,280,396 Substandard - 151 3,115 1,915 764 61,626 - - 67,571 Total mortgage $ 986,795 $ 872,977 $ 686,440 $ 388,233 $ 373,917 $ 4,039,605 $ - $ - $ 7,347,967 Year-to-Date gross write-offs $ 31 $ - $ 1 $ - $ - $ 1,404 $ - $ - $ 1,436 December 31, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total BPPR Leasing Pass $ 682,378 $ 535,227 $ 354,748 $ 251,520 $ 135,973 $ 32,270 $ - $ - $ 1,992,116 Substandard 601 1,891 2,424 2,249 1,302 585 - - 9,052 Loss 175 - 22 - - - - - 197 Total leasing $ 683,154 $ 537,118 $ 357,194 $ 253,769 $ 137,275 $ 32,855 $ - $ - $ 2,001,365 Year-to-Date gross write-offs $ 990 $ 4,449 $ 5,041 $ 4,541 $ 1,807 $ 28 $ - $ - $ 16,856 Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,229,201 $ - $ 1,229,201 Substandard - - - - - - 27,526 - 27,526 Loss - - - - - - 4 - 4 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,256,731 $ - $ 1,256,731 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 75,428 $ - $ 75,428 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 1,908 $ - $ 1,908 Total HELOCs $ - $ - $ - $ - $ - $ - $ 1,908 $ - $ 1,908 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 25 $ - $ 25 Personal Pass $ 842,532 $ 422,156 $ 261,441 $ 132,551 $ 51,320 $ 77,214 $ - $ 29,700 $ 1,816,914 Substandard 1,452 3,310 3,509 1,632 618 6,654 - 2,278 19,453 Loss - 4 7 12 - 12 - - 35 Total Personal $ 843,984 $ 425,470 $ 264,957 $ 134,195 $ 51,938 $ 83,880 $ - $ 31,978 $ 1,836,402 Year-to-Date gross write-offs $ 2,597 $ 19,480 $ 33,310 $ 17,825 $ 4,576 $ 2,160 $ - $ 3,031 $ 82,979 Auto Pass $ 1,139,411 $ 995,283 $ 702,884 $ 464,005 $ 314,721 $ 142,456 $ - $ - $ 3,758,760 Substandard 3,992 17,559 14,881 11,699 7,590 5,306 - - 61,027 Loss - - - - 19 6 - - 25 Total Auto $ 1,143,403 $ 1,012,842 $ 717,765 $ 475,704 $ 322,330 $ 147,768 $ - $ - $ 3,819,812 Year-to-Date gross write-offs $ 6,682 $ 29,448 $ 20,777 $ 12,602 $ 5,203 $ 1,572 $ - $ - $ 76,284 Other consumer Pass $ 35,716 $ 25,008 $ 20,233 $ 15,243 $ 7,179 $ 1,756 $ 64,322 $ - $ 169,457 Substandard - 45 211 114 20 47 476 - 913 Loss - - - 1,025 363 - - - 1,388 Total Other consumer $ 35,716 $ 25,053 $ 20,444 $ 16,382 $ 7,562 $ 1,803 $ 64,798 $ - $ 171,758 Year-to-Date gross write-offs $ 64 $ 226 $ 286 $ 254 $ 358 $ 1,960 $ - $ - $ 3,148 Total BPPR $ 5,780,091 $ 4,397,712 $ 3,319,515 $ 2,939,917 $ 2,025,094 $ 5,979,515 $ 3,184,806 $ 31,978 $ 27,658,628 December 31, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total Popular U.S. Commercial: Commercial multi-family Pass $ 349,850 $ 138,662 $ 118,143 $ 380,479 $ 274,195 $ 534,623 $ 4,394 $ - $ 1,800,346 Watch - 2,468 21,142 94,135 39,881 151,526 1,249 - 310,401 Special Mention - - 2,711 7,840 - 4,560 - - 15,111 Substandard - - 1,775 2,729 - 22,080 - - 26,584 Total commercial multi-family $ 349,850 $ 141,130 $ 143,771 $ 485,183 $ 314,076 $ 712,789 $ 5,643 $ - $ 2,152,442 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 563 $ - $ - $ 563 Commercial real estate non-owner occupied Pass $ 216,537 $ 162,382 $ 296,653 $ 467,811 $ 163,984 $ 582,004 $ 6,024 $ - $ 1,895,395 Watch 10,300 11,369 11,441 15,141 9,333 65,750 500 - 123,834 Special Mention - 2,069 - - - 1,902 - - 3,971 Substandard - - - 5,973 4,726 114,255 - - 124,954 Total commercial real estate non- owner occupied $ 226,837 $ 175,820 $ 308,094 $ 488,925 $ 178,043 $ 763,911 $ 6,524 $ - $ 2,148,154 Commercial real estate owner occupied Pass $ 561,716 $ 198,946 $ 192,174 $ 188,536 $ 180,981 $ 288,439 $ 8,803 $ - $ 1,619,595 Watch - 48,837 39,519 30,764 12,813 52,010 3,179 - 187,122 Special Mention - 17,946 - - - 10,944 - - 28,890 Substandard - 2,705 - 39,474 1,571 77,130 - - 120,880 Total commercial real estate owner occupied $ 561,716 $ 268,434 $ 231,693 $ 258,774 $ 195,365 $ 428,523 $ 11,982 $ - $ 1,956,487 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 27 $ - $ - $ 27 December 31, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total Popular U.S. Commercial and industrial Pass $ 247,703 $ 357,722 $ 230,702 $ 278,950 $ 249,467 $ 545,331 $ 338,026 $ - $ 2,247,901 Watch 34,700 5,196 47,136 70,767 42,072 151,368 15,650 - 366,889 Special Mention - - 4,649 63 284 198 738 - 5,932 Substandard - 5,546 838 4,145 112 1,393 4,583 - 16,617 Total commercial and industrial $ 282,403 $ 368,464 $ 283,325 $ 353,925 $ 291,935 $ 698,290 $ 358,997 $ - $ 2,637,339 Year-to-Date gross write-offs $ 100 $ 1,106 $ 483 $ - $ 599 $ 25 $ 132 $ - $ 2,445 Construction Pass $ 358,475 $ 427,221 $ 291,714 $ 85,385 $ - $ 6,030 $ 12,491 $ - $ 1,181,316 Watch 1,366 15,771 72,580 27,870 - 6,941 - - 124,528 Special Mention - - 2,912 - - - - - 2,912 Substandard - - - 8,602 - - - - 8,602 Total construction $ 359,841 $ 442,992 $ 367,206 $ 121,857 $ - $ 12,971 $ 12,491 $ - $ 1,317,358 Mortgage Pass $ 100,210 $ 78,166 $ 79,367 $ 205,446 $ 259,877 $ 564,985 $ - $ - $ 1,288,051 Substandard - - 644 495 217 12,066 - - 13,422 Total mortgage $ 100,210 $ 78,166 $ 80,011 $ 205,941 $ 260,094 $ 577,051 $ - $ - $ 1,301,473 December 31, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ (14) $ - $ (14) Total credit cards $ - $ - $ - $ - $ - $ - $ (14) $ - $ (14) HELOCs Pass $ - $ - $ - $ - $ - $ 5,201 $ 59,363 $ 9,422 $ 73,986 Substandard - - - - - 1,276 12 543 1,831 Loss - - - - - 139 - 828 967 Total HELOCs $ - $ - $ - $ - $ - $ 6,616 $ 59,375 $ 10,793 $ 76,784 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 84 $ - $ 84 Personal Pass $ 18,658 $ 17,906 $ 12,102 $ 15,593 $ 3,061 $ 1,272 $ - $ - $ 68,592 Substandard 74 329 309 153 55 256 - - 1,176 Loss 10 - - - - 48 - - 58 Total Personal $ 18,742 $ 18,235 $ 12,411 $ 15,746 $ 3,116 $ 1,576 $ - $ - $ 69,826 Year-to-Date gross write-offs $ 37 $ 1,787 $ 2,212 $ 3,420 $ 638 $ 46 $ - $ - $ 8,140 Other consumer Pass $ - $ - $ - $ - $ - $ - $ 9,012 $ - $ 9,012 Substandard - - - - - - 1 - 1 Loss - - - - - - 28 - 28 Total Other consumer $ - $ - $ - $ - $ - $ - $ 9,041 $ - $ 9,041 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 924 $ - $ 924 Total Popular U.S. $ 1,899,599 $ 1,493,241 $ 1,426,511 $ 1,930,351 $ 1,242,629 $ 3,201,727 $ 464,039 $ 10,793 $ 11,668,890 December 31, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Pass $ 362,178 $ 171,568 $ 154,616 $ 511,755 $ 294,731 $ 581,926 $ 4,501 $ - $ 2,081,275 Watch - 18,263 21,142 94,658 39,881 153,268 1,249 - 328,461 Special Mention 222 - 2,711 7,840 73 4,687 - - 15,533 Substandard - - 1,775 2,729 - 26,017 - - 30,521 Total commercial multi-family $ 362,400 $ 189,831 $ 180,244 $ 616,982 $ 334,685 $ 765,898 $ 5,750 $ - $ 2,455,790 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 563 $ - $ - $ 563 Commercial real estate non-owner occupied Pass $ 652,153 $ 609,616 $ 561,891 $ 1,254,276 $ 648,411 $ 1,253,459 $ 14,504 $ - $ 4,994,310 Watch 34,101 23,334 54,442 20,281 43,473 134,903 500 - 311,034 Special Mention 933 2,069 872 144 23,724 20,300 - - 48,042 Substandard - 726 8,406 34,463 6,164 140,139 - - 189,898 Total commercial real estate non- owner occupied $ 687,187 $ 635,745 $ 625,611 $ 1,309,164 $ 721,772 $ 1,548,801 $ 15,004 $ - $ 5,543,284 Year-to-Date gross write-offs $ - $ 13,356 $ - $ 134 $ - $ 86 $ - $ - $ 13,576 Commercial real estate owner occupied Pass $ 719,004 $ 312,724 $ 263,462 $ 244,251 $ 350,018 $ 566,934 $ 29,271 $ - $ 2,485,664 Watch 6,255 75,760 45,867 66,329 42,222 130,056 5,370 - 371,859 Special Mention - 17,946 1,494 18,063 726 23,581 1,500 - 63,310 Substandard 9,405 4,584 1,839 58,664 8,957 148,488 - - 231,937 Doubtful 75 - - - 62 173 - - 310 Total commercial real estate owner occupied $ 734,739 $ 411,014 $ 312,662 $ 387,307 $ 401,985 $ 869,232 $ 36,141 $ - $ 3,153,080 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 390 $ - $ - $ 390 Commercial and industrial Pass $ 1,605,104 $ 956,243 $ 879,951 $ 721,703 $ 442,640 $ 891,894 $ 1,714,881 $ - $ 7,212,416 Watch 46,406 97,674 66,330 114,296 48,981 170,586 239,140 - 783,413 Special Mention 4,991 26,356 14,827 6,920 738 4,536 15,695 - 74,063 Substandard 38,422 18,072 49,068 93,916 157,082 16,472 164,437 - 537,469 Doubtful 21 - - 24 - 6 - - 51 Total commercial and industrial $ 1,694,944 $ 1,098,345 $ 1,010,176 $ 936,859 $ 649,441 $ 1,083,494 $ 2,134,153 $ - $ 8,607,412 Year-to-Date gross write-offs $ 1,687 $ 1,822 $ 2,126 $ 655 $ 620 $ 828 $ 9,452 $ - $ 17,190 December 31, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total Popular, Inc. Construction Pass $ 387,050 $ 527,184 $ 362,388 $ 85,385 $ 3,608 $ 15,722 $ 65,249 $ - $ 1,446,586 Watch 1,366 58,973 112,811 35,999 - 6,941 709 - 216,799 Special Mention - - 2,912 - - - - - 2,912 Substandard - - - 8,602 - - - - 8,602 Total construction $ 388,416 $ 586,157 $ 478,111 $ 129,986 $ 3,608 $ 22,663 $ 65,958 $ - $ 1,674,899 Mortgage Pass $ 1,087,005 $ 950,992 $ 762,692 $ 591,764 $ 633,030 $ 4,542,964 $ - $ - $ 8,568,447 Substandard - 151 3,759 2,410 981 73,692 - - 80,993 Total mortgage $ 1,087,005 $ 951,143 $ 766,451 $ 594,174 $ 634,011 $ 4,616,656 $ - $ - $ 8,649,440 Year-to-Date gross write-offs $ 31 $ - $ 1 $ - $ - $ 1,404 $ - $ - $ 1,436 Leasing Pass $ 682,378 $ 535,227 $ 354,748 $ 251,520 $ 135,973 $ 32,270 $ - $ - $ 1,992,116 Substandard 601 1,891 2,424 2,249 1,302 585 - - 9,052 Loss 175 - 22 - - - - - 197 Total leasing $ 683,154 $ 537,118 $ 357,194 $ 253,769 $ 137,275 $ 32,855 $ - $ - $ 2,001,365 Year-to-Date gross write-offs $ 990 $ 4,449 $ 5,041 $ 4,541 $ 1,807 $ 28 $ - $ - $ 16,856 December 31, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total Popular, Inc. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,229,187 $ - $ 1,229,187 Substandard - - - - - - 27,526 - 27,526 Loss - - - - - - 4 - 4 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,256,717 $ - $ 1,256,717 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 75,428 $ - $ 75,428 HELOCs Pass $ - $ - $ - $ - $ - $ 5,201 $ 61,271 $ 9,422 $ 75,894 Substandard - - - - - 1,276 12 543 1,831 Loss - - - - - 139 - 828 967 Total HELOCs $ - $ - $ - $ - $ - $ 6,616 $ 61,283 $ 10,793 $ 78,692 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 109 $ - $ 109 Personal Pass $ 861,190 $ 440,062 $ 273,543 $ 148,144 $ 54,381 $ 78,486 $ - $ 29,700 $ 1,885,506 Substandard 1,526 3,639 3,818 1,785 673 6,910 - 2,278 20,629 Loss 10 4 7 12 - 60 - - 93 Total Personal $ 862,726 $ 443,705 $ 277,368 $ 149,941 $ 55,054 $ 85,456 $ - $ 31,978 $ 1,906,228 Year-to-Date gross write-offs $ 2,634 $ 21,267 $ 35,522 $ 21,245 $ 5,214 $ 2,206 $ - $ 3,031 $ 91,119 Auto Pass $ 1,139,411 $ 995,283 $ 702,884 $ 464,005 $ 314,721 $ 142,456 $ - $ - $ 3,758,760 Substandard 3,992 17,559 14,881 11,699 7,590 5,306 - - 61,027 Loss - - - - 19 6 - - 25 Total Auto $ 1,143,403 $ 1,012,842 $ 717,765 $ 475,704 $ 322,330 $ 147,768 $ - $ - $ 3,819,812 Year-to-Date gross write-offs $ 6,682 $ 29,448 $ 20,777 $ 12,602 $ 5,203 $ 1,572 $ - $ - $ 76,284 Other consumer Pass $ 35,716 $ 25,008 $ 20,233 $ 15,243 $ 7,179 $ 1,756 $ 73,334 $ - $ 178,469 Substandard - 45 211 114 20 47 477 - 914 Loss - - - 1,025 363 - 28 - 1,416 Total Other consumer $ 35,716 $ 25,053 $ 20,444 $ 16,382 $ 7,562 $ 1,803 $ 73,839 $ - $ 180,799 Year-to-Date gross write-offs $ 64 $ 226 $ 286 $ 254 $ 358 $ 1,960 $ 924 $ - $ 4,072 Total Popular Inc. $ 7,679,690 $ 5,890,953 $ 4,746,026 $ 4,870,268 $ 3,267,723 $ 9,181,242 $ 3,648,845 $ 42,771 $ 39,327,518 |