Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 23, 2024

POPULAR, INC.

(Exact name of registrant as specified in its charter)

Puerto Rico

001-34084

66-0667416

(State or other jurisdiction of

incorporation or organization)

(Commission

File Number)

(IRS Employer
Identification Number)


209 Muñoz Rivera Avenue
Hato Rey, Puerto Rico		00918
(Address of principal executive offices)		(Zip code)

(787) 765-9800

(Registrant’s telephone number, including area code)

NOT APPLICABLE

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

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

☐

Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


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

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

Emerging growth company ☐

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

Item 2.02.

Results of Operations and Financial Condition.

On October 23, 2024, Popular, Inc. (the “Corporation”) issued a press release announcing its unaudited financial results for the quarter ended September 30, 2024, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

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

Item 7.01.

Regulation FD Disclosure.

The Corporation is furnishing information regarding its conference call to discuss its financial results for the quarter ended September 30, 2024. A copy of the presentation to be used by the Corporation on the conference call is attached hereto as Exhibit 99.2.

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

Item 9.01.

Financial Statements and Exhibits.

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


99.1		Press Release dated October 23, 2024 – Third Quarter 2024 Financial Results.

99.2		Popular, Inc. Conference Call Presentation – Third Quarter 2024 Financial Results.

101		Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language).

104		Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).

SIGNATURE

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


		POPULAR, INC.
		(Registrant)

Date: October 23, 2024	By:	/s/ Denissa M. Rodríguez
		Denissa M. Rodríguez
		Senior Vice President and Corporate Comptroller

Exhibit 99.1

LOGO

Popular, Inc. Announces Third Quarter 2024 Financial Results

•

Net income of $155.3 million in Q3 2024, compared to net income of $177.8 million in Q2 2024.

•

Net interest income of $572.5 million, an increase of $4.2 million compared to Q2 2024.

•

Net interest margin of 3.24% in Q3 2024, compared to 3.22% in Q2 2024; net interest margin on a taxable equivalent basis of 3.47% in Q3 2024, compared to 3.48% in Q2 2024.

•

Non-interest income of $164.1 million, compared to $166.3 million in Q2 2024.

•

Operating expenses amounted to $467.3 million, down by $2.3 million when compared to Q2 2024.

•

Credit quality metrics remained stable:

•

Non-performing loans held-in-portfolio (“NPLs”) increased by $19.6 million from Q2 2024; NPLs to loans ratio remained flat at 1.0%;

•

Net charge-offs (“NCOs”) increased by $4.9 million from Q2 2024; annualized NCOs to average loans held-in-portfolio at 0.65% vs. 0.61% in Q2 2024;

•

Allowance for credit losses (“ACL”) to loans held-in-portfolio at 2.06% vs. 2.05% in Q2 2024; and

•

ACL to NPLs at 206.0% vs. 213.6% in Q2 2024.

•

Money market and investment securities ending balances decreased by $1.8 billion from Q2 2024

•

Average quarterly balances decreased by $808.2 million.

•

Loans ending balances, excluding loans held-for-sale, amounted to $36.2 billion, an increase of $603.3 million from Q2 2024.

•

Average quarterly loan balances increased by $384.8 million.

•

Ending deposit balances amounted to $63.7 billion, a decrease of $1.9 billion from Q2 2024.

•

Average quarterly deposit balances decreased by $519.9 million.

•

Completed the repurchase of 599,096 shares of common stock for $58.8 million at an average price of $98.11 per share, under the previously announced share repurchase authorization.

•

Common Equity Tier 1 ratio of 16.42%, Common Equity per share of $80.35 and Tangible Book Value per share of $69.04 at September 30, 2024, an increase of $6.33 per share from Q2 2024.

SAN JUAN, Puerto Rico – (BUSINESS WIRE) – Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $155.3 million for the quarter ended September 30, 2024, compared to net income of $177.8 million for the quarter ended June 30, 2024.

Ignacio Alvarez, Chief Executive Officer, said: “Our results for the third quarter reflected an increase in net interest income, which was offset by a higher provision for credit losses. The increase in the provision was related in part to loan growth of nearly 2% during the quarter. Credit quality trends remained stable. While consumer portfolios reflected increased delinquencies, they remain slightly below pre-pandemic levels.

Capital continues to be a source of strength, evidenced by the increase in our dividend and stock repurchases. We also experienced healthy increases in our tangible book value per share and TCE ratio.

We continued to advance our business transformation, making meaningful progress in modernizing our customer channels and improving the customer experience. We are optimistic about the future, as we continue to leverage the opportunities stemming from our robust balance sheet, our dedicated team and extensive customer base.”

Earnings Highlights


(Unaudited)	Quarters ended						Nine months ended
(Dollars in thousands, except per share information)	30-Sep-24		30-Jun-24		30-Sep-23		30-Sep-24		30-Sep-23
Net interest income	$	572,473	$	568,312	$	534,020	$	1,691,529	$	1,597,344
Provision for credit losses		71,448		46,794		45,117		190,840		129,946

Net interest income after provision for credit losses		501,025		521,518		488,903		1,500,689		1,467,398
Other non-interest income		164,082		166,306		159,549		494,206		481,981
Operating expenses		467,321		469,576		465,984		1,420,010		1,366,955

Income before income tax		197,786		218,248		182,468		574,885		582,424
Income tax expense		42,463		40,459		45,859		138,490		135,676

Net income	$	155,323	$	177,789	$	136,609	$	436,395	$	446,748

Net income applicable to common stock	$	154,970	$	177,436	$	136,256	$	435,336	$	445,689

Net income per common share-basic	$	2.16	$	2.47	$	1.90	$	6.06	$	6.22

Net income per common share-diluted	$	2.16	$	2.46	$	1.90	$	6.05	$	6.21

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. 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

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

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

Net interest income and net interest income on a taxable equivalent basis (non-GAAP )

Net interest income for the quarter ended September 30, 2024, was $572.5 million, an increase of $4.2 million when compared to $568.3 million for the previous quarter. Net interest margin for the third quarter of 2024 was 3.24% compared to 3.22% in the prior quarter.

Net Interest Income and Net Interest Margin Taxable Equivalent

Net interest income on a taxable equivalent basis for the third quarter of 2024 was $612.9 million, compared to $614.8 million in the previous quarter, a decrease of $1.8 million. Net interest margin on a taxable equivalent basis for the third quarter of 2024 was 3.47%, compared to 3.48% in the second quarter of 2024 driven by lower exempt income from U.S. Treasury Securities.

The main variances in net interest income and net interest margin on a taxable equivalent basis were:

•

lower interest income from investment securities by $14.6 million due to lower volume of U.S. Treasury Bills by $1.2 billion due to the slow down in the reinvestment activity of matured investments, in part due to a reduction in average deposit balances during the quarter of $519.9 million, mainly P.R. low cost deposits, and funding loan growth; and

•

higher interest expense from deposits by $11.0 million, due to higher cost of interest-bearing deposits by eight basis points. In Puerto Rico, government interest-bearing deposits increased by two basis points, and their average balances increased by $176.1 million quarter-over-quarter. This cost of deposits during the quarter was further impacted by a 21 basis points increase in the overall cost of time deposits, including the full quarter effect of the repricing of certain P.R. government deposits managed by the Corporation’s fiduciary services division, which were repriced late in the second quarter;

partially offset by:

•

higher income from money market investments by $7.7 million due to higher volumes by $562.7 million compared to the previous quarter; and

•

higher interest income from loans by $16.3 million due to a higher average loan balance and higher yields, mainly in the commercial, mortgage and auto loans portfolio.

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

Net interest income for the Banco Popular de Puerto Rico (“BPPR”) segment amounted to $488.0 million for the third quarter of 2024, a decrease of $0.7 million when compared to $488.7 million in the previous quarter. Net interest margin in the BPPR segment increased from the second quarter of 2024 by one basis points to 3.41%. The most significant variances quarter-over-quarter were:

•

interest income from investment securities decreased by $9.9 million, primarily due to a $1.3 billion reduction in the volume of U.S. Treasury bills. This decline was mainly caused by maturities and a slowdown in reinvestment, partly due to support loan growth and a lower deposit balance; and

•

interest expense on deposits increased by $6.9 million, mainly driven by P.R. government deposits that increased two basis points or $4.7 million quarter-over-quarter. Time deposit costs went up by $2.1 million or a 24-basis point increase, driven by the full quarter effect of the repricing of certain P.R. government deposits managed by the Corporation’s fiduciary services division. The total deposit cost for the quarter was 1.89%, a six-basis point increase from the prior quarter;

partially offset by:

•

an increase of $12.8 million in interest income from loans, primarily driven by a higher average loan balance across all portfolios. The most significant contributions to the quarter-over-quarter variance came from commercial loans, auto loans, and mortgage loans, which increased by $4.1 million, $2.9 million, and $2.2 million, respectively; and

•

higher income from money market investments by $3.6 million due to higher volumes by $239.9 million.

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

Net interest income and net interest margin for the Popular Bank (“PB”, or “Popular U.S.”) segment increased compared to the previous quarter by $7.3 million and 13 basis points and totaled $93.1 million and 2.73%, respectively. The most significant variances quarter-over-quarter contributing to net interest income and net interest margin for PB were:

•

interest income from money markets and investment securities increased by $5.3 million, mainly due to higher volume of money market investments by $284.0 million resulting from higher average deposit balances; and

•

interest income from loans increased by $3.2 million mainly due to a higher yield in the commercial loan portfolio by 12 basis points;

partially offset by:

•

total interest expense on deposits in PB increased by $1.4 million primarily due to an increase in the average balance of time deposits of $307.0 million partially offset by a decrease in time deposit costs of 23 basis points, driven by changes in the cost of intercompany deposits. When compared to the previous period, the overall cost of deposits fell by eight basis points.

Non-interest income

Non-interest income amounted to $164.1 million for the quarter ended September 30, 2024, a decrease of $2.2 million when compared to $166.3 million for the quarter ended June 30, 2024. The variance in non-interest income was primarily due to lower income from mortgage banking activities by $3.1 million, mainly due to a decrease in the fair value of Mortgage Servicing Rights (“MSRs”) driven by portfolio runoff, a slight increase in prepayment speeds and lower estimated escrow float earnings.

Refer to Table B for further details.

Operating expenses

Operating expenses for the third quarter of 2024 totaled $467.3 million, a decrease of $2.3 million when compared to the second quarter of 2024. The variance in operating expenses was driven primarily by:

•

lower professional fees by $11.0 million mainly due to a decrease of $6.1 million in consulting fees related to corporate initiatives. The remaining decrease in professional fees is mainly attributed to lower legal service fees and equity compensation granted to directors during the second quarter of 2024;

•

lower operational losses by $6.1 million due to a buildup of reserves for operational losses during the second quarter of 2024; and

•

lower processing and transactional services expenses by $4.8 million mainly due to lower debit card issuance costs and point of service (POS) processing fees;

partially offset by:

•

higher technology and software expenses by $8.7 million mainly driven by an increase of $3.0 million in IT project consulting fees, higher consulting fees for cybersecurity and fraud prevention initiatives, and higher software amortization expenses;

•

higher personnel costs by $4.4 million mainly due to higher salary expense and contributions to employee savings plans resulting from annual salary revisions and merit increases effective in July 2024; partially offset by a decrease in restricted shares and incentive compensation expenses;

•

higher other taxes expense by $2.4 million mainly due to an increase in municipal license tax and expenses related to regulatory examination fees in BPPR; and

•

lower other real estate owned (OREO) benefit by $3.1 million mainly due to lower gains on sale of mortgage and commercial properties.

Full-time equivalent employees were 9,246 as of September 30, 2024, compared to 9,241 as of June 30, 2024.

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

Income taxes

For the quarter ended September 30, 2024, the Corporation recorded an income tax expense of $42.5 million, compared to an income tax expense of $40.5 million for the previous quarter.

The effective tax rate (“ETR”) for the third quarter of 2024 was 21.5%, compared to 18.5% for the previous quarter.

The ETR of the Corporation is impacted by the composition and source of its taxable income. The Corporation expects its ETR for the year 2024 to be within a range from 21% to 23%.

Credit Quality

The Corporation continued to reflect favorable credit quality metrics in the third quarter of 2024 when compared to the previous quarter. While non-performing loans (“NPLs”), net charge offs (“NCOs”) and inflows to NPLs remained below historical averages, consumer portfolios reflected increased delinquencies and NCOs for the quarter primarily driven by auto loans. The mortgage and commercial portfolios continue to operate with low level of delinquencies and NCOs. The Corporation continues to closely monitor changes in the macroeconomic environment and borrower performance given higher interest rates and inflationary pressures. Management believes that the improvements over recent years in risk management practices and the overall risk profile of the Corporation’s loan portfolios position Popular to continue to operate successfully under the current environment.

The following presents credit quality results for the third quarter of 2024:

Non-Performing Loans and Net Charge Offs

Total NPLs increased by $19.6 million compared to the previous quarter. Excluding consumer loans, inflows of NPLs held-in-the-portfolio saw a decrease of $7.7 million in the third quarter of 2024. The ratio of NPLs to total loans held in the portfolio remained steady at 1.0%, consistent with the prior quarter’s ratio. The drivers of these changes are mainly related to the following:

•

In the BPPR segment, NPLs increased by $1.9 million, mainly driven by auto loans NPLs with a $8.5 million increase, offset in part by lower mortgage loans NPLs by $5.9 million. Excluding consumer loans, inflows to NPLs in the BPPR segment decreased by $4.5 million compared to the previous quarter.

•

In the PB segment, NPLs increased by $17.6 million driven by a single $17.1 million mortgage loan. Inflows to NPLs, excluding consumer loans, decreased by $3.2 million, driven by lower inflows in the commercial portfolio by $19.6 million, offset in part by a single mortgage relationship.

Total NCOs of $58.5 million, increased by $4.9 million when compared to the second quarter of 2024. The Corporation’s ratio of annualized NCOs to average loans held-in-portfolio was 0.65%, compared to 0.61% in the second quarter of 2024. The drivers of these changes are mainly related to the following:

•

In the BPPR segment, NCOs increased by $5.3 million quarter-over-quarter, mainly driven by higher consumer NCOs by $8.6 million. NCOs increase in the consumer portfolio was mostly related to auto loans by $6.6 million.

•

In the PB segment, NCOs remained flat quarter-over-quarter.

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

Other Real Estate Owned Properties (“OREO”)

As of September 30, 2024, the Corporation’s OREO portfolio amounted to $63.0 million, a decrease of $7.2 million when compared to the second quarter of 2024. The decrease in OREO assets was driven by sales of residential properties in the BPPR segment.

Refer to Table L for additional information and related ratios.

Allowance for Credit Losses (“ACL”) and Provision for Credit Losses (“PCL”)

The ACL as of September 30, 2024 amounted to $744.3 million, an increase of $14.2 million when compared to the second quarter of 2024.

In the BPPR segment, the ACL increased by $22.6 million driven by an increase of $13.9 million in reserves for commercial loans and an $8.4 million increase in reserves for consumer portfolios. These increases were mainly due to a combination of growth in the commercial portfolio and changes in credit quality trends for the auto and credit cards portfolio. In the PB segment, the ACL decreased by $8.3 million from the previous quarter, mainly driven by lower reserves for the commercial and construction portfolios due to improvements in credit quality and lower balances.

The Corporation’s ratio of the ACL to loans held-in-portfolio was 2.06% in the third quarter of 2024, compared to 2.05% in the previous quarter. The ratio of the ACL to NPLs held-in-portfolio was 206.0%, down from 213.6% in the previous quarter.

The provision for loan losses for the loan and lease portfolios for the third quarter of 2024 was $72.8 million, compared to $44.2 million in the previous quarter. The provision loan losses for the BPPR segment amounted to $77.2 million, compared to $48.6 million in the previous quarter, an increase of $28.6 million largely driven by the commercial loan growth and changes in credit quality trends for the auto loans portfolios. The PB segment had a release of $4.4 million, consistent with the previous quarter and driven by improvements in credit quality.

The provision for loan losses for the loan and lease portfolios, along with the $0.5 million reserve release related to unfunded loan commitments and the $0.9 million reserve release in the Corporation’s investment portfolio for the third quarter of 2024, are consolidated and shown together under the provision for credit losses in our Consolidated Statement of Operations. For the third quarter, the provision for credit losses amounted to $71.4 million, up from $46.8 million in the previous quarter.

Non-Performing Assets


(Unaudited)
(In thousands)	30-Sep-24			30-Jun-24			30-Sep-23
Non-performing loans held-in-portfolio	$	361,398		$	341,835		$	361,523
Other real estate owned		63,028			70,225			82,322

Total non-performing assets	$	424,426		$	412,060		$	443,845

Net charge-offs for the quarter	$	58,529		$	53,630		$	32,655


Ratios:
Loans held-in-portfolio	$	36,194,967		$	35,591,620		$	34,029,313
Non-performing loans held-in-portfolio to loans held-in-portfolio		1.00	%		0.96	%		1.06	%
Allowance for credit losses to loans held-in-portfolio		2.06			2.05			2.09
Allowance for credit losses to non-performing loans, excluding loans held-for-sale		205.96			213.58			196.69

Refer to Table L for additional information.

Provision for Credit Losses (Benefit) - Loan Portfolios


(Unaudited)	Quarters ended									Nine months ended
(In thousands)	30-Sep-24			30-Jun-24			30-Sep-23			30-Sep-24		30-Sep-23
Provision for credit losses (benefit) - loan portfolios:
BPPR	$	77,147		$	48,585		$	54,017		$	186,740	$	127,599
Popular U.S.		(4,378	)		(4,428	)		(10,503	)		2,572		(1,278	)

Total provision for credit losses (benefit) - loan portfolios	$	72,769		$	44,157		$	43,514		$	189,312	$	126,321

Credit Quality by Segment


(Unaudited)
(In thousands)	Quarters ended
BPPR	30-Sep-24			30-Jun-24			30-Sep-23
Provision for credit losses - loan portfolios	$	77,147		$	48,585		$	54,017
Net charge-offs		54,581			49,308			25,600
Total non-performing loans held-in-portfolio		288,815			286,887			333,825
Annualized net charge-offs to average loans held-in-portfolio		0.86	%		0.79	%		0.44	%
Allowance / loans held-in-portfolio		2.59	%		2.56	%		2.63	%
Allowance / non-performing loans held-in-portfolio		230.66	%		224.34	%		187.08	%


	Quarters ended
Popular U.S.	30-Sep-24			30-Jun-24			30-Sep-23
Provision for credit losses (benefit) - loan portfolios	$	(4,378	)	$	(4,428	)	$	(10,503	)
Net charge-offs		3,948			4,322			7,055
Total non-performing loans held-in-portfolio		72,583			54,948			27,698
Annualized net charge-offs to average loans held-in-portfolio		0.15	%		0.16	%		0.28	%
Allowance / loans held-in-portfolio		0.75	%		0.83	%		0.84	%
Allowance / non-performing loans held-in-portfolio		107.66	%		157.37	%		312.42	%

Financial Condition Highlights


(Unaudited)
(In thousands)	30-Sep-24		30-Jun-24		30-Sep-23
Cash and money market investments	$	6,958,382	$	7,211,367	$	6,924,772
Investment securities		25,280,451		26,742,639		25,653,616
Loans		36,194,967		35,591,620		34,029,313
Total assets		71,323,074		72,845,072		69,736,936
Deposits		63,668,501		65,530,862		63,337,600
Borrowings		973,736		1,047,264		1,097,720
Total liabilities		65,532,560		67,472,394		65,279,328
Stockholders’ equity		5,790,514		5,372,678		4,457,608

Total assets amounted to $71.3 billion at September 30, 2024, a decrease of $1.5 billion from the second quarter of 2024, driven by:

•

a decrease in securities available-for-sale (“AFS”) of $1.4 billion, mainly due to repayments and maturities, partially offset by a decrease in the unrealized losses of AFS securities of $378.9 million;

•

a decrease in other assets of $404.6 million, driven by unsettled trade receivables related to proceeds from maturities of U.S. Treasury Notes and interest payments from the second quarter of 2024 which were received in the third quarter; and

•

a decrease in money market investments of $320.6 million, mainly driven by lower deposits and deployment of funds to support loan growth;

partially offset by:

•

an increase in loans held-in-portfolio by $603.3 million, primarily in BPPR with an increase of $582.1 million across most portfolios, particularly commercial loans, while PB’s increased by $21.2 million.

Total liabilities decreased by $1.9 billion from the second quarter of 2024, driven by:

•

a decrease of $1.9 billion in deposits, mainly driven by interest bearing deposit accounts in BPPR, including the P.R. government demand accounts, offset by an increase in time deposits at PB.

Stockholders’ equity increased by $417.8 million from the second quarter of 2024 mainly due to the change in the accumulated other comprehensive loss driven by the decrease in net unrealized losses in the portfolio of AFS securities of $326.1 million and the amortization of unrealized losses from securities previously reclassified to HTM of $36.3 million, net of tax effect, coupled with retained earnings resulting from the quarter’s net income of $155.3 million, partially offset by common and preferred dividends declared during the quarter of $45.0 million and by an increase in Treasury Stock due to the repurchases of 599,096 shares of common stock for $58.8 million during the quarter as part of the previously announced authorization.

The Corporation is in the process of completing its annual goodwill impairment test, using July 31, 2024 as the evaluation date. The Corporation expects to finalize its evaluation prior to the filing of its Form 10-Q for the quarter ended September 30, 2024 with the Securities and Exchange Commission. Any impairment of goodwill would result in a non-cash expense, net of tax impact. A charge to earnings related to goodwill impairment would not materially impact regulatory capital and tangible capital calculations.

Common Equity Tier 1 ratio (“CET1”), common equity per share and tangible book value per share were 16.42%, $80.35 and $69.04, respectively, at September 30, 2024, compared to 16.48%, $73.94 and $62.71, respectively, at June 30, 2024. Refer to Table A for capital ratios.

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, including 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, changes to regulatory capital, liquidity and resolution-related requirements applicable to financial institutions in response to recent developments affecting the banking sector and 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. 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, 2023, our Form 10-Q for the quarters ended March 31, 2024 and June 30, 2024 and the Form 10-Q for the quarter ended September 30, 2024, 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. Virgin Islands. Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services 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, October 23, 2024 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 177500.

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, November 22, 2024. The replay dial in is: 1-866-813-9403 or 1-929-458-6194. The replay passcode is 473434.

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

Popular, Inc.

Financial Supplement to Third Quarter 2024 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 - 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

POPULAR, INC.

Financial Supplement to Third Quarter 2024 Earnings Release

Table A - Selected Ratios and Other Information

(Unaudited)


	Quarters ended									Nine months ended
	30-Sep-24			30-Jun-24			30-Sep-23			30-Sep-24			30-Sep-23
Basic EPS	$	2.16		$	2.47		$	1.90		$	6.06		$	6.22
Diluted EPS	$	2.16		$	2.46		$	1.90		$	6.05		$	6.21
Average common shares outstanding		71,807,136			71,970,773			71,794,934			71,882,273			71,676,630
Average common shares outstanding - assuming dilution		71,828,402			71,991,911			71,818,102			71,912,153			71,736,514
Common shares outstanding at end of period		71,787,349			72,365,926			72,127,595			71,787,349			72,127,595
Market value per common share	$	100.27		$	88.43		$	63.01		$	100.27		$	63.01
Market capitalization - (In millions)	$	7,198		$	6,399		$	4,545		$	7,198		$	4,545
Return on average assets		0.84	%		0.97	%		0.75	%		0.79	%		0.84	%
Return on average common equity		8.82	%		10.38	%		8.17	%		8.43	%		9.13	%
Net interest margin (non-taxable equivalent basis)		3.24	%		3.22	%		3.07	%		3.20	%		3.14	%
Net interest margin (taxable equivalent basis) -non-GAAP		3.47	%		3.48	%		3.24	%		3.44	%		3.32	%
Common equity per share	$	80.35		$	73.94		$	61.49		$	80.35		$	61.49
Tangible common book value per common share (non-GAAP) [1]	$	69.04		$	62.71		$	50.20		$	69.04		$	50.20
Tangible common equity to tangible assets (non-GAAP) [1]		7.03	%		6.30	%		5.25	%		7.03	%		5.25	%
Return on average tangible common equity [1]		9.98	%		11.77	%		9.36	%		9.56	%		10.48	%
Tier 1 capital		16.48	%		16.54	%		16.87	%		16.48	%		16.87	%
Total capital		18.24	%		18.30	%		18.67	%		18.24	%		18.67	%
Tier 1 leverage		8.67	%		8.53	%		8.41	%		8.67	%		8.41	%
Common Equity Tier 1 capital		16.42	%		16.48	%		16.81	%		16.42	%		16.81	%

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

POPULAR, INC.

Financial Supplement to Third Quarter 2024 Earnings Release

Table B - Consolidated Statement of Operations

(Unaudited)


	Quarters ended						Variance Q3 2024 vs. Q2 2024			Quarter ended			Variance Q3 2024 vs. Q3 2023			Nine months ended
(In thousands, except per share information)	30-Sep-24			30-Jun-24			Variance Q3 2024 vs. Q2 2024			30-Sep-23			Variance Q3 2024 vs. Q3 2023			30-Sep-24			30-Sep-23
Interest income:
Loans	$	664,731		$	648,739		$	15,992		$	596,886		$	67,845		$	1,952,200		$	1,708,216
Money market investments		96,061			88,316			7,745			99,286			(3,225	)		272,893			265,785
Investment securities		176,656			184,852			(8,196	)		148,614			28,042			528,403			403,814

Total interest income		937,448			921,907			15,541			844,786			92,662			2,753,496			2,377,815

Interest expense:
Deposits		350,985			339,939			11,046			294,121			56,864			1,020,420			730,824
Short-term borrowings		1,430			1,126			304			1,478			(48	)		3,748			5,987
Long-term debt		12,560			12,530			30			15,167			(2,607	)		37,799			43,660

Total interest expense		364,975			353,595			11,380			310,766			54,209			1,061,967			780,471

Net interest income		572,473			568,312			4,161			534,020			38,453			1,691,529			1,597,344
Provision for credit losses		71,448			46,794			24,654			45,117			26,331			190,840			129,946

Net interest income after provision for credit losses		501,025			521,518			(20,493	)		488,903			12,122			1,500,689			1,467,398

Service charges on deposit accounts		38,315			37,526			789			37,318			997			113,283			109,777
Other service fees		98,748			96,863			1,885			93,407			5,341			289,883			277,748
Mortgage banking activities		2,670			5,723			(3,053	)		5,393			(2,723	)		12,753			15,109
Net (loss) gain, including impairment, on equity securities		(546	)		319			(865	)		(1,319	)		773			876			1,165
Net gain on trading account debt securities		817			277			540			219			598			1,455			632
Net loss on sale of loans, including valuation adjustments on loans held-for-sale		—			—			—			(44	)		44			—			(44	)
Adjustments to indemnity reserves on loans sold		808			212			596			(187	)		995			783			(31	)
Other operating income		23,270			25,386			(2,116	)		24,762			(1,492	)		75,173			77,625

Total non-interest income		164,082			166,306			(2,224	)		159,549			4,533			494,206			481,981

Operating expenses:
Personnel costs
Salaries		135,983			128,634			7,349			127,832			8,151			394,001			378,126
Commissions, incentives and other bonuses		26,350			30,626			(4,276	)		27,670			(1,320	)		95,587			86,025
Pension, postretirement and medical insurance		16,387			16,619			(232	)		16,985			(598	)		50,391			49,871
Other personnel costs, including payroll taxes		23,136			21,545			1,591			20,665			2,471			74,678			69,358

Total personnel costs		201,856			197,424			4,432			193,152			8,704			614,657			583,380
Net occupancy expenses		28,031			27,692			339			28,100			(69	)		83,764			81,304
Equipment expenses		9,349			9,662			(313	)		8,905			444			28,578			26,878
Other taxes		17,757			15,333			2,424			8,590			9,167			47,465			41,290
Professional fees		26,708			37,744			(11,036	)		38,514			(11,806	)		93,370			122,077
Technology and software expenses		88,452			79,752			8,700			72,930			15,522			247,666			213,843
Processing and transactional services
Credit and debit cards		11,761			13,739			(1,978	)		13,762			(2,001	)		37,644			37,896
Other processing and transactional services		22,559			25,357			(2,798	)		24,137			(1,578	)		69,966			70,713

Total processing and transactional services		34,320			39,096			(4,776	)		37,899			(3,579	)		107,610			108,609
Communications		5,229			4,357			872			4,220			1,009			14,143			12,483
Business promotion
Rewards and customer loyalty programs		16,533			16,406			127			15,988			545			46,995			44,962
Other business promotion		9,104			9,043			61			7,087			2,017			25,080			22,067

Total business promotion		25,637			25,449			188			23,075			2,562			72,075			67,029
Deposit insurance		10,433			10,581			(148	)		8,932			1,501			44,901			24,600
Other real estate owned (OREO) income		(2,674	)		(5,750	)		3,076			(5,189	)		2,515			(13,745	)		(10,197	)
Other operating expenses


Operational losses		5,769		11,823		(6,054	)		5,504		265			21,153		16,584
All other		15,750		15,679		71			17,557		(1,807	)		56,140		53,690

Total other operating expenses		21,519		27,502		(5,983	)		23,061		(1,542	)		77,293		70,274
Amortization of intangibles		704		734		(30	)		795		(91	)		2,233		2,385
Goodwill impairment charge		—		—		—			23,000		(23,000	)		—		23,000

Total operating expenses		467,321		469,576		(2,255	)		465,984		1,337			1,420,010		1,366,955

Income before income tax		197,786		218,248		(20,462	)		182,468		15,318			574,885		582,424
Income tax expense		42,463		40,459		2,004			45,859		(3,396	)		138,490		135,676

Net income	$	155,323	$	177,789	$	(22,466	)	$	136,609	$	18,714		$	436,395	$	446,748

Net income applicable to common stock	$	154,970	$	177,436	$	(22,466	)	$	136,256	$	18,714		$	435,336	$	445,689

Net income per common share - basic	$	2.16	$	2.47	$	(0.31	)	$	1.90	$	0.26		$	6.06	$	6.22

Net income per common share - diluted	$	2.16	$	2.46	$	(0.30	)	$	1.90	$	0.26		$	6.05	$	6.21

Dividends Declared per Common Share	$	0.62	$	0.62	$	—		$	0.55	$	0.07		$	1.86	$	1.65

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

Table C - Consolidated Statement of Financial Condition

(Unaudited)


(In thousands)	30-Sep-24			30-Jun-24			30-Sep-23			Variance Q3 2024 vs. Q2 2024
Assets:
Cash and due from banks	$	427,594		$	359,973		$	535,335		$	67,621
Money market investments		6,530,788			6,851,394			6,389,437			(320,606	)
Trading account debt securities, at fair value		30,843			28,045			30,988			2,798
Debt securities available-for-sale, at fair value		17,186,123			18,543,279			17,129,858			(1,357,156	)
Less: Allowance for credit losses		—			500			—			(500	)

Debt securities available-for-sale, net		17,186,123			18,542,779			17,129,858			(1,356,656	)

Debt securities held-to-maturity, at amortized cost		7,865,294			7,975,524			8,302,082			(110,230	)
Less: Allowance for credit losses		5,430			6,251			6,057			(821	)

Debt securities held-to-maturity, net		7,859,864			7,969,273			8,296,025			(109,409	)

Equity securities		198,191			195,791			190,688			2,400
Loans held-for-sale, at lower of cost or fair value		5,509			8,225			5,239			(2,716	)
Loans held-in-portfolio		36,599,612			35,978,602			34,369,775			621,010
Less: Unearned income		404,645			386,982			340,462			17,663
Allowance for credit losses		744,320			730,077			711,068			14,243

Total loans held-in-portfolio, net		35,450,647			34,861,543			33,318,245			589,104

Premises and equipment, net		624,376			599,058			534,384			25,318
Other real estate		63,028			70,225			82,322			(7,197	)
Accrued income receivable		257,406			260,162			257,833			(2,756	)
Mortgage servicing rights, at fair value		108,827			113,386			119,030			(4,559	)
Other assets		1,767,919			2,172,555			2,032,565			(404,636	)
Goodwill		804,428			804,428			804,428			—
Other intangible assets		7,531			8,235			10,559			(704	)

Total assets	$	71,323,074		$	72,845,072		$	69,736,936		$	(1,521,998	)

Liabilities and Stockholders’ Equity:
Liabilities:
Deposits:
Non-interest bearing	$	15,276,071		$	15,470,082		$	15,201,374		$	(194,011	)
Interest bearing		48,392,430			50,060,780			48,136,226			(1,668,350	)

Total deposits		63,668,501			65,530,862			63,337,600			(1,862,361	)

Assets sold under agreements to repurchase		55,360			105,684			93,071			(50,324	)
Notes payable		918,376			941,580			1,004,649			(23,204	)
Other liabilities		890,323			894,268			844,008			(3,945	)

Total liabilities		65,532,560			67,472,394			65,279,328			(1,939,834	)

Stockholders’ equity:
Preferred stock		22,143			22,143			22,143			—
Common stock		1,048			1,048			1,048			—
Surplus		4,853,869			4,852,747			4,797,364			1,122
Retained earnings		4,495,878			4,385,522			4,189,865			110,356
Treasury stock		(2,069,430	)		(2,010,500	)		(2,018,870	)		(58,930	)
Accumulated other comprehensive loss, net of tax		(1,512,994	)		(1,878,282	)		(2,533,942	)		365,288

Total stockholders’ equity		5,790,514			5,372,678			4,457,608			417,836

Total liabilities and stockholders’ equity	$	71,323,074		$	72,845,072		$	69,736,936		$	(1,521,998	)

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

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

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

(Unaudited)


Average Volume							Average Yields / Costs										Interest							Variance Attributable to
30-Sep-24		30-Jun-24		Variance			30-Sep-24			30-Jun-24			Variance				30-Sep-24		30-Jun-24		Variance			Rate			Volume
(In millions)																	(In thousands)
$	7,033	$	6,471	$	562			5.43	%		5.49	%		(0.06	)%	Money market investments	$	96,061	$	88,316	$	7,745		$	59		$	7,686
	27,569		28,943		(1,374	)		2.92			3.01			(0.09	)	Investment securities [1]		202,317		216,922		(14,605	)		(4,017	)		(10,588	)
	30		26		4			5.87			5.69			0.18		Trading securities		436		367		69			16			53

	34,632		35,440		(808	)		3.43			3.47			(0.04	)	Total money market, investment and trading securities		298,814		305,605		(6,791	)		(3,942	)		(2,849	)

																Loans:
	17,798		17,707		91			6.90			6.86			0.04		Commercial		308,734		302,003		6,731			5,175			1,556
	1,129		1,070		59			8.85			9.11			(0.26	)	Construction		25,102		24,224		878			(446	)		1,324
	1,851		1,789		62			6.97			6.86			0.11		Leasing		32,241		30,697		1,544			472			1,072
	7,911		7,817		94			5.73			5.66			0.07		Mortgage		113,409		110,673		2,736			1,399			1,337
	3,211		3,192		19			14.08			13.97			0.11		Consumer		112,423		110,906		1,517			675			842
	3,879		3,819		60			8.94			8.88			0.06		Auto		87,189		84,268		2,921			1,575			1,346

	35,779		35,394		385			7.56			7.52			0.04		Total loans		679,098		662,771		16,327			8,850			7,477

$	70,411	$	70,834	$	(423	)		5.53	%		5.49	%		0.04	%	Total earning assets	$	977,912	$	968,376	$	9,536		$	4,908		$	4,628

																Interest bearing deposits:
$	26,148	$	26,105	$	43			3.64	%		3.60	%		0.04	%	NOW and money market [2]	$	238,923	$	233,345	$	5,578		$	7,861		$	(2,283	)
	14,322		14,732		(410	)		0.92			0.92			—		Savings		33,169		33,795		(626	)		858			(1,484	)
	9,069		9,014		55			3.46			3.25			0.21		Time deposits		78,893		72,799		6,094			5,459			635

	49,539		49,851		(312	)		2.82			2.74			0.08		Total interest bearing deposits		350,985		339,939		11,046			14,178			(3,132	)

	14,968		15,176		(208	)										Non-interest bearing demand deposits

	64,507		65,027		(520	)		2.16			2.10			0.06		Total deposits		350,985		339,939		11,046			14,178			(3,132	)

	101		80		21			5.62			5.64			(0.02	)	Short-term borrowings		1,431		1,126		305			8			297
	950		978		(28	)		5.32			5.16			0.16		Other medium and long-term debt		12,560		12,530		30			131			(101	)

	50,590		50,909		(319	)		2.87			2.79			0.08		Total interest bearing liabilities (excluding demand deposits)		364,976		353,595		11,381			14,317			(2,936	)

	4,853		4,749		104											Other sources of funds

$	70,411	$	70,834	$	(423	)		2.06	%		2.01	%		0.05	%	Total source of funds		364,976		353,595		11,381			14,317			(2,936	)

								3.47	%		3.48	%		(0.01	)%	Net interest margin/ income on a taxable equivalent basis (Non-GAAP)		612,936		614,781		(1,845	)	$	(9,409	)	$	7,564

								2.66	%		2.70	%		(0.04	)%	Net interest spread

																Taxable equivalent adjustment		40,464		46,469		(6,005	)

								3.24	%		3.22	%		0.02	%	Net interest margin/ income non-taxable equivalent basis (GAAP)	$	572,472	$	568,312	$	4,160

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.

[2]	Includes interest bearing demand deposits corresponding to certain government entities in Puerto Rico.

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

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

For the quarters ended September 30, 2024 and September 30, 2023

(Unaudited)


Average Volume							Average Yields / Costs										Interest							Variance Attributable to
30-Sep-24		30-Sep-23		Variance			30-Sep-24			30-Sep-23			Variance				30-Sep-24		30-Sep-23		Variance			Rate			Volume
(In millions)																	(In thousands)
$	7,033	$	7,292	$	(259	)		5.43	%		5.40	%		0.03	%	Money market investments	$	96,061	$	99,285	$	(3,224	)	$	312		$	(3,536	)
	27,569		28,396		(827	)		2.92			2.31			0.61		Investment securities [1]		202,317		165,319		36,998			41,381			(4,383	)
	30		34		(4	)		5.87			4.43			1.44		Trading securities		436		375		61			110			(49	)

	34,632		35,722		(1,090	)		3.43			2.95			0.48		Total money market, investment and trading securities		298,814		264,979		33,835			41,803			(7,968	)

																Loans:
	17,798		16,611		1,187			6.90			6.64			0.26		Commercial		308,734		277,977		30,757			10,336			20,421
	1,129		865		264			8.85			8.99			(0.14	)	Construction		25,102		19,580		5,522			(364	)		5,886
	1,851		1,669		182			6.97			6.50			0.47		Leasing		32,241		27,142		5,099			2,022			3,077
	7,911		7,504		407			5.73			5.42			0.31		Mortgage		113,409		101,700		11,709			6,038			5,671
	3,211		3,147		64			14.08			13.39			0.69		Consumer		112,423		105,042		7,381			4,260			3,121
	3,879		3,657		222			8.94			8.47			0.47		Auto		87,189		78,055		9,134			4,248			4,886

	35,779		33,453		2,326			7.56			7.24			0.32		Total loans		679,098		609,496		69,602			26,540			43,062

$	70,411	$	69,175	$	1,236			5.53	%		5.02	%		0.51	%	Total earning assets	$	977,912	$	874,475	$	103,437		$	68,343		$	35,094

																Interest bearing deposits:
$	26,148	$	25,652	$	496			3.64	%		3.31	%		0.33	%	NOW and money market [2]	$	238,923	$	213,957	$	24,966		$	26,317		$	(1,351	)
	14,322		14,875		(553	)		0.92			0.73			0.19		Savings		33,169		27,373		5,796			6,429			(633	)
	9,069		7,986		1,083			3.46			2.62			0.84		Time deposits		78,893		52,791		26,102			16,893			9,209

	49,539		48,513		1,026			2.82			2.41			0.41		Total interest bearing deposits		350,985		294,121		56,864			49,639			7,225

	14,968		15,038		(70	)										Non-interest bearing demand deposits

	64,507		63,551		956			2.16			1.84			0.32		Total deposits		350,985		294,121		56,864			49,639			7,225

	101		108		(7	)		5.62			5.45			0.17		Short-term borrowings		1,431		1,478		(47	)		44			(91	)
	950		1,172		(222	)		5.32			5.20			0.12		Other medium and long-term debt		12,560		15,167		(2,607	)		415			(3,022	)

	50,590		49,793		797			2.87			2.48			0.39		Total interest bearing liabilities (excluding demand deposits)		364,976		310,766		54,210			50,098			4,112

	4,853		4,344		509											Other sources of funds

$	70,411	$	69,175	$	1,236			2.06	%		1.78	%		0.28	%	Total source of funds		364,976		310,766		54,210			50,098			4,112

								3.47	%		3.24	%		0.23	%	Net interest margin/ income on a taxable equivalent basis (Non-GAAP)		612,936		563,709		49,227		$	18,245		$	30,982

								2.66	%		2.54	%		0.12	%	Net interest spread

																Taxable equivalent adjustment		40,464		29,689		10,775

								3.24	%		3.07	%		0.17	%	Net interest margin/ income non-taxable equivalent basis (GAAP)	$	572,472	$	534,020	$	38,452

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.

[2]	Includes interest bearing demand deposits corresponding to certain government entities in Puerto Rico.

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

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

(Unaudited)


Average Volume							Average Yields / Costs										Interest							Variance Attributable to
30-Sep-24		30-Sep-23		Variance			30-Sep-24			30-Sep-23			Variance				30-Sep-24		30-Sep-23		Variance			Rate		Volume
(In millions)																	(In thousands)
$	6,664	$	6,966	$	(302	)		5.47	%		5.10	%		0.37	%	Money market investments	$	272,893	$	265,785	$	7,108		$	18,902	$	(11,794	)
	28,271		28,205		66			2.88			2.18			0.70		Investment securities [1]		610,342		460,641		149,701			148,137		1,564
	30		32		(2	)		5.02			4.52			0.50		Trading securities		1,114		1,084		30			117		(87	)

	34,965		35,203		(238	)		3.38			2.76			0.62		Total money market, investment and trading securities		884,349		727,510		156,839			167,156		(10,317	)

																Loans:
	17,707		16,206		1,501			6.87			6.50			0.37		Commercial		910,241		787,381		122,860			47,469		75,391
	1,064		778		286			8.97			8.79			0.18		Construction		71,426		51,178		20,248			1,090		19,158
	1,794		1,630		164			6.86			6.31			0.55		Leasing		92,292		77,135		15,157			7,024		8,133
	7,818		7,434		384			5.67			5.45			0.22		Mortgage		332,626		303,777		28,849			12,819		16,030
	3,209		3,082		127			13.94			13.10			0.83		Consumer		334,818		302,050		32,768			17,783		14,985
	3,820		3,603		217			8.86			8.31			0.55		Auto		253,511		223,929		29,582			15,682		13,900

	35,412		32,733		2,679			7.52			7.13			0.39		Total loans		1,994,914		1,745,450		249,464			101,867		147,597

$	70,377	$	67,936	$	2,441			5.46	%		4.86	%		0.60	%	Total earning assets	$	2,879,263	$	2,472,960	$	406,303		$	269,023	$	137,280

																Interest bearing deposits:
$	25,986	$	24,407	$	1,579			3.62	%		2.93	%		0.69	%	NOW and money market [2]	$	704,396	$	534,567	$	169,829		$	137,718	$	32,111
	14,584		14,889		(305	)		0.93			0.62			0.31		Savings		101,136		69,262		31,874			30,343		1,531
	8,877		7,603		1,274			3.23			2.23			1.00		Time deposits		214,888		126,995		87,893			56,973		30,920

	49,447		46,899		2,548			2.76			2.08			0.68		Total interest bearing deposits		1,020,420		730,824		289,596			225,034		64,562

	15,075		15,405		(330	)										Non-interest bearing demand deposits

	64,522		62,304		2,218			2.11			1.57			0.54		Total deposits		1,020,420		730,824		289,596			225,034		64,562

	89		160		(71	)		5.65			5.02			0.63		Short-term borrowings		3,749		5,987		(2,238	)		681		(2,919	)
	975		1,140		(165	)		5.18			5.12			0.06		Other medium and long-term debt		37,799		43,660		(5,861	)		152		(6,013	)

	50,511		48,199		2,312			2.81			2.16			0.65		Total interest bearing liabilities (excluding demand deposits)		1,061,968		780,471		281,497			225,867		55,630

	4,791		4,332		459											Other sources of funds

$	70,377	$	67,936	$	2,441			2.02	%		1.54	%		0.48	%	Total source of funds		1,061,968		780,471		281,497			225,867		55,630

								3.44	%		3.32	%		0.12	%	Net interest margin/ income on a taxable equivalent basis (Non-GAAP)		1,817,295		1,692,489		124,806		$	43,156	$	81,650

								2.65	%		2.70	%		(0.05	)%	Net interest spread

																Taxable equivalent adjustment		125,766		95,145		30,621

								3.20	%		3.14	%		0.06	%	Net interest margin/ income non-taxable equivalent basis (GAAP)	$	1,691,529	$	1,597,344	$	94,185

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.

[2]	Includes interest bearing demand deposits corresponding to certain government entities in Puerto Rico.

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

Table G - Mortgage Banking Activities and Other Service Fees

(Unaudited)

Mortgage Banking Activities


	Quarters ended									Variance						Nine months ended						Variance
(In thousands)	30-Sep-24			30-Jun-24			30-Sep-23			Q3 2024 vs.Q2 2024			Q3 2024 vs.Q3 2023			30-Sep-24			30-Sep-23			2024 vs. 2023
Mortgage servicing fees, net of fair value adjustments:
Mortgage servicing fees	$	7,559		$	7,602		$	8,025		$	(43	)	$	(466	)	$	22,912		$	25,083		$	(2,171	)
Mortgage servicing rights fair value adjustments		(4,896	)		(1,945	)		(2,793	)		(2,951	)		(2,103	)		(10,280	)		(10,385	)		105

Total mortgage servicing fees, net of fair value adjustments		2,663			5,657			5,232			(2,994	)		(2,569	)		12,632			14,698			(2,066	)

Net gain (loss) on sale of loans, including valuation on loans held-for-sale		320			2			(335	)		318			655			396			(133	)		529

Trading account (loss) profit:
Unrealized (loss) gains on outstanding derivative positions		(44	)		56			45			(100	)		(89	)		113			160			(47	)
Realized (loss) gains on closed derivative positions		(261	)		9			494			(270	)		(755	)		(249	)		661			(910	)

Total trading account (loss) profit		(305	)		65			539			(370	)		(844	)		(136	)		821			(957	)

Losses on repurchased loans, including interest advances		(8	)		(1	)		(43	)		(7	)		35			(139	)		(277	)		138

Total mortgage banking activities	$	2,670		$	5,723		$	5,393		$	(3,053	)	$	(2,723	)	$	12,753		$	15,109		$	(2,356	)

Other Service Fees


	Quarters ended						Variance						Nine months ended				Variance
(In thousands)	30-Sep-24		30-Jun-24		30-Sep-23		Q3 2024 vs.Q2 2024			Q3 2024 vs.Q3 2023			30-Sep-24		30-Sep-23		2024 vs. 2023
Other service fees:
Debit card fees [1]	$	26,197	$	27,176	$	24,603	$	(979	)	$	1,594		$	78,907	$	74,143	$	4,764
Insurance fees		15,422		13,368		14,983		2,054			439			43,479		43,481		(2	)
Credit card fees [1]		31,262		30,748		29,778		514			1,484			91,577		90,146		1,431
Sale and administration of investment products		8,387		7,850		6,820		537			1,567			23,664		19,454		4,210
Trust fees		6,715		6,622		6,381		93			334			20,044		18,756		1,288
Other fees		10,765		11,099		10,842		(334	)		(77	)		32,212		31,768		444

Total other service fees	$	98,748	$	96,863	$	93,407	$	1,885		$	5,341		$	289,883	$	277,748	$	12,135

[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. Interchange fees amounting to $11.3 million and $10.9 million, were reclassified for the first and second quarters of 2024, respectively. For the quarter and nine-month period ended September 30, 2023, interchange fees of approximately $11.0 million and $33.8 million were reclassified.

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

Table H - Loans and Deposits

(Unaudited)

Loans - Ending Balances


							Variance
(In thousands)	30-Sep-24		30-Jun-24		30-Sep-23		Q3 2024 vs.Q2 2024			% of Change			Q3 2024 vs.Q3 2023			% of Change
Loans held-in-portfolio:
Commercial
Commercial multi-family	$	2,405,302	$	2,384,480	$	2,328,433	$	20,822			0.87	%	$	76,869			3.30	%
Commercial real estate non-owner occupied		5,185,381		5,004,472		5,035,130		180,909			3.61	%		150,251			2.98	%
Commercial real estate owner occupied		3,092,393		3,143,817		3,044,905		(51,424	)		(1.64	%)		47,488			1.56	%
Commercial and industrial		7,400,553		7,195,357		6,527,082		205,196			2.85	%		873,471			13.38	%
Total Commercial		18,083,629		17,728,126		16,935,550		355,503			2.01	%		1,148,079			6.78	%
Construction		1,113,307		1,105,759		922,112		7,548			0.68	%		191,195			20.73	%
Leasing		1,887,052		1,828,048		1,698,114		59,004			3.23	%		188,938			11.13	%
Mortgage		7,993,348		7,883,726		7,585,111		109,622			1.39	%		408,237			5.38	%
Consumer
Credit cards		1,186,893		1,162,557		1,077,428		24,336			2.09	%		109,465			10.16	%
Home equity lines of credit		69,691		68,992		67,499		699			1.01	%		2,192			3.25	%
Personal		1,873,175		1,879,619		1,952,168		(6,444	)		(0.34	%)		(78,993	)		(4.05	%)
Auto		3,818,607		3,773,292		3,633,196		45,315			1.20	%		185,411			5.10	%
Other		169,265		161,501		158,135		7,764			4.81	%		11,130			7.04	%
Total Consumer		7,117,631		7,045,961		6,888,426		71,670			1.02	%		229,205			3.33	%

Total loans held-in-portfolio	$	36,194,967	$	35,591,620	$	34,029,313	$	603,347			1.70	%	$	2,165,654			6.36	%
Loans held-for-sale:
Mortgage	$	5,509	$	8,225	$	5,239	$	(2,716	)		(33.02	%)	$	270			5.15	%

Total loans held-for-sale	$	5,509	$	8,225	$	5,239	$	(2,716	)		(33.02	%)	$	270			5.15	%

Total loans	$	36,200,476	$	35,599,845	$	34,034,552	$	600,631			1.69	%	$	2,165,924			6.36	%

Deposits - Ending Balances


							Variance
(In thousands)	30-Sep-24		30-Jun-24		30-Sep-23		Q3 2024 vs. Q2 2024			% of Change			Q3 2024 vs.Q3 2023			% of Change
Non-P.R. government deposits:
Demand deposits [1]	$	15,276,071	$	15,470,083	$	15,201,374	$	(194,012	)		(1.25	%)	$	74,697			0.49	%
Savings, NOW and money market deposits (non-brokered)		20,584,328		21,210,000		22,172,344		(625,672	)		(2.95	%)		(1,588,016	)		(7.16	%)
Savings, NOW and money market deposits (brokered)		735,231		729,326		734,479		5,905			0.81	%		752			0.10	%
Time deposits (non-brokered)		7,363,477		7,427,612		6,535,481		(64,135	)		(0.86	%)		827,996			12.67	%
Time deposits (brokered CDs)		993,522		971,907		943,801		21,615			2.22	%		49,721			5.27	%

Sub-total non-P.R. government deposits		44,952,629		45,808,928		45,587,479		(856,299	)		(1.87	%)		(634,850	)		(1.39	%)

P.R. government deposits:
Demand deposits		11,088,511		10,409,323		12,741,408		679,188			6.52	%		(1,652,897	)		(12.97	%)
Savings, NOW and money market deposits (non-brokered)		6,903,370		8,514,473		4,280,038		(1,611,103	)		(18.92	%)		2,623,332			61.29	%
Time deposits (non-brokered)		723,991		798,138		728,675		(74,147	)		(9.29	%)		(4,684	)		(0.64	%)

Sub-total P.R. government deposits		18,715,872		19,721,934		17,750,121		(1,006,062	)		(5.10	%)		965,751			5.44	%

Total deposits	$	63,668,501	$	65,530,862	$	63,337,600	$	(1,862,361	)		(2.84	%)	$	330,901			0.52	%

[1]	Includes interest and non-interest bearing demand deposits.

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

Table I - Loan Delinquency -BPPR Operations

(Unaudited)


30-Sep-24
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	$	1,866	$	—	$	87	$	1,953	$	303,581	$	305,534	$	87	$	—
Commercial real estate:
Non-owner occupied		170		174		7,493		7,837		3,140,418		3,148,255		7,493		—
Owner occupied		1,544		1,681		26,600		29,825		1,374,025		1,403,850		26,600		—
Commercial and industrial		19,074		6,694		23,819		49,587		5,126,538		5,176,125		19,639		4,180
Construction		—		—		—		—		190,343		190,343		—		—
Mortgage		246,220		122,592		359,986		728,798		5,966,619		6,695,417		157,920		202,066
Leasing		19,840		4,661		7,367		31,868		1,855,184		1,887,052		7,367		—
Consumer:
Credit cards		16,210		11,415		27,214		54,839		1,132,050		1,186,889		—		27,214
Home equity lines of credit		—		—		—		—		2,131		2,131		—		—
Personal		21,726		13,153		21,007		55,886		1,698,195		1,754,081		20,992		15
Auto		104,363		26,090		47,828		178,281		3,640,326		3,818,607		47,828		—
Other		727		500		1,188		2,415		154,775		157,190		889		299

Total	$	431,740	$	186,960	$	522,589	$	1,141,289	$	24,584,185	$	25,725,474	$	288,815	$	233,774


30-Jun-24
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	$	233	$	—	$	443	$	676	$	304,235	$	304,911	$	443	$	—
Commercial real estate:
Non-owner occupied		1,713		—		7,484		9,197		2,970,430		2,979,627		7,484		—
Owner occupied		1,770		232		25,285		27,287		1,389,825		1,417,112		25,285		—
Commercial and industrial		5,387		2,097		26,560		34,044		4,968,740		5,002,784		22,958		3,602
Construction		5,479		—		—		5,479		178,460		183,939		—		—
Mortgage		287,468		105,266		373,306		766,040		5,824,480		6,590,520		163,790		209,516
Leasing		20,631		5,071		7,059		32,761		1,795,287		1,828,048		7,059		—
Consumer:
Credit cards		15,032		9,436		23,931		48,399		1,114,140		1,162,539		—		23,931
Home equity lines of credit		—		—		—		—		2,216		2,216		—		—
Personal		21,535		12,755		19,650		53,940		1,690,933		1,744,873		19,650		—
Auto		103,873		24,943		39,333		168,149		3,605,143		3,773,292		39,333		—
Other		976		258		1,207		2,441		151,092		153,533		885		322

Total	$	464,097	$	160,058	$	524,258	$	1,148,413	$	23,994,981	$	25,143,394	$	286,887	$	237,371


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	$	1,633		$	—		$	(356	)	$	1,277		$	(654	)	$	623		$	(356	)	$	—
Commercial real estate:
Non-owner occupied		(1,543	)		174			9			(1,360	)		169,988			168,628			9			—
Owner occupied		(226	)		1,449			1,315			2,538			(15,800	)		(13,262	)		1,315			—
Commercial and industrial		13,687			4,597			(2,741	)		15,543			157,798			173,341			(3,319	)		578
Construction		(5,479	)		—			—			(5,479	)		11,883			6,404			—			—
Mortgage		(41,248	)		17,326			(13,320	)		(37,242	)		142,139			104,897			(5,870	)		(7,450	)
Leasing		(791	)		(410	)		308			(893	)		59,897			59,004			308			—
Consumer:
Credit cards		1,178			1,979			3,283			6,440			17,910			24,350			—			3,283
Home equity lines of credit		—			—			—			—			(85	)		(85	)		—			—
Personal		191			398			1,357			1,946			7,262			9,208			1,342			15
Auto		490			1,147			8,495			10,132			35,183			45,315			8,495			—
Other		(249	)		242			(19	)		(26	)		3,683			3,657			4			(23	)

Total	$	(32,357	)	$	26,902		$	(1,669	)	$	(7,124	)	$	589,204		$	582,080		$	1,928		$	(3,597	)

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

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

(Unaudited)


30-Sep-24
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	$	1,060	$	—	$	8,700	$	9,760	$	2,090,008	$	2,099,768	$	8,700	$	—
Commercial real estate:
Non-owner occupied		10,330		3,013		2,282		15,625		2,021,501		2,037,126		2,282		—
Owner occupied		250		1,825		22,248		24,323		1,664,220		1,688,543		22,248		—
Commercial and industrial		11,478		2,312		5,443		19,233		2,205,195		2,224,428		5,246		197
Construction		—		34,349		—		34,349		888,615		922,964		—		—
Mortgage		899		3,640		28,434		32,973		1,264,958		1,297,931		28,434		—
Consumer:
Credit cards		—		—		—		—		4		4		—		—
Home equity lines of credit		74		984		3,834		4,892		62,668		67,560		3,834		—
Personal		1,696		2,015		1,837		5,548		113,546		119,094		1,837		—
Other		10		508		2		520		11,555		12,075		2		—

Total	$	25,797	$	48,646	$	72,780	$	147,223	$	10,322,270	$	10,469,493	$	72,583	$	197


30-Jun-24
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	$	2,962	$	—	$	8,700	$	11,662	$	2,067,907	$	2,079,569	$	8,700	$	—
Commercial real estate:
Non-owner occupied		2,494		2,783		1,025		6,302		2,018,543		2,024,845		1,025		—
Owner occupied		—		17,095		22,256		39,351		1,687,354		1,726,705		22,256		—
Commercial and industrial		5,181		304		5,992		11,477		2,181,096		2,192,573		5,782		210
Construction		—		—		—		—		921,820		921,820		—		—
Mortgage		1,309		23,479		11,554		36,342		1,256,864		1,293,206		11,554		—
Consumer:
Credit cards		—		—		—		—		18		18		—		—
Home equity lines of credit		890		462		3,780		5,132		61,644		66,776		3,780		—
Personal		1,770		1,689		1,851		5,310		129,436		134,746		1,851		—
Other		1,204		—		—		1,204		6,764		7,968		—		—

Total	$	15,810	$	45,812	$	55,158	$	116,780	$	10,331,446	$	10,448,226	$	54,948	$	210


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	$	(1,902	)	$	—		$	—		$	(1,902	)	$	22,101		$	20,199		$	—		$	—
Commercial real estate:
Non-owner occupied		7,836			230			1,257			9,323			2,958			12,281			1,257			—
Owner occupied		250			(15,270	)		(8	)		(15,028	)		(23,134	)		(38,162	)		(8	)		—
Commercial and industrial		6,297			2,008			(549	)		7,756			24,099			31,855			(536	)		(13	)
Construction		—			34,349			—			34,349			(33,205	)		1,144			—			—
Mortgage		(410	)		(19,839	)		16,880			(3,369	)		8,094			4,725			16,880			—
Consumer:
Credit cards		—			—			—			—			(14	)		(14	)		—			—
Home equity lines of credit		(816	)		522			54			(240	)		1,024			784			54			—
Personal		(74	)		326			(14	)		238			(15,890	)		(15,652	)		(14	)		—
Other		(1,194	)		508			2			(684	)		4,791			4,107			2			—

Total	$	9,987		$	2,834		$	17,622		$	30,443		$	(9,176	)	$	21,267		$	17,635		$	(13	)

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

Table K - Loan Delinquency - Consolidated

(Unaudited)



30-Sep-24
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	$	2,926	$	—	$	8,787	$	11,713	$	2,393,589	$	2,405,302	$	8,787	$	—
Commercial real estate:
Non-owner occupied		10,500		3,187		9,775		23,462		5,161,919		5,185,381		9,775		—
Owner occupied		1,794		3,506		48,848		54,148		3,038,245		3,092,393		48,848		—
Commercial and industrial		30,552		9,006		29,262		68,820		7,331,733		7,400,553		24,885		4,377
Construction		—		34,349		—		34,349		1,078,958		1,113,307		—		—
Mortgage		247,119		126,232		388,420		761,771		7,231,577		7,993,348		186,354		202,066
Leasing		19,840		4,661		7,367		31,868		1,855,184		1,887,052		7,367		—
Consumer:
Credit cards		16,210		11,415		27,214		54,839		1,132,054		1,186,893		—		27,214
Home equity lines of credit		74		984		3,834		4,892		64,799		69,691		3,834		—
Personal		23,422		15,168		22,844		61,434		1,811,741		1,873,175		22,829		15
Auto		104,363		26,090		47,828		178,281		3,640,326		3,818,607		47,828		—
Other		737		1,008		1,190		2,935		166,330		169,265		891		299

Total	$	457,537	$	235,606	$	595,369	$	1,288,512	$	34,906,455	$	36,194,967	$	361,398	$	233,971


30-Jun-24
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	$	3,195	$	—	$	9,143	$	12,338	$	2,372,142	$	2,384,480	$	9,143	$	—
Commercial real estate:
Non-owner occupied		4,207		2,783		8,509		15,499		4,988,973		5,004,472		8,509		—
Owner occupied		1,770		17,327		47,541		66,638		3,077,179		3,143,817		47,541		—
Commercial and industrial		10,568		2,401		32,552		45,521		7,149,836		7,195,357		28,740		3,812
Construction		5,479		—		—		5,479		1,100,280		1,105,759		—		—
Mortgage		288,777		128,745		384,860		802,382		7,081,344		7,883,726		175,344		209,516
Leasing		20,631		5,071		7,059		32,761		1,795,287		1,828,048		7,059		—
Consumer:
Credit cards		15,032		9,436		23,931		48,399		1,114,158		1,162,557		—		23,931
Home equity lines of credit		890		462		3,780		5,132		63,860		68,992		3,780		—
Personal		23,305		14,444		21,501		59,250		1,820,369		1,879,619		21,501		—
Auto		103,873		24,943		39,333		168,149		3,605,143		3,773,292		39,333		—
Other		2,180		258		1,207		3,645		157,856		161,501		885		322

Total	$	479,907	$	205,870	$	579,416	$	1,265,193	$	34,326,427	$	35,591,620	$	341,835	$	237,581


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	$	(269	)	$	—		$	(356	)	$	(625	)	$	21,447		$	20,822		$	(356	)	$	—
Commercial real estate:
Non-owner occupied		6,293			404			1,266			7,963			172,946			180,909			1,266			—
Owner occupied		24			(13,821	)		1,307			(12,490	)		(38,934	)		(51,424	)		1,307			—
Commercial and industrial		19,984			6,605			(3,290	)		23,299			181,897			205,196			(3,855	)		565
Construction		(5,479	)		34,349			—			28,870			(21,322	)		7,548			—			—
Mortgage		(41,658	)		(2,513	)		3,560			(40,611	)		150,233			109,622			11,010			(7,450	)
Leasing		(791	)		(410	)		308			(893	)		59,897			59,004			308			—
Consumer:
Credit cards		1,178			1,979			3,283			6,440			17,896			24,336			—			3,283
Home equity lines of credit		(816	)		522			54			(240	)		939			699			54			—
Personal		117			724			1,343			2,184			(8,628	)		(6,444	)		1,328			15
Auto		490			1,147			8,495			10,132			35,183			45,315			8,495			—
Other		(1,443	)		750			(17	)		(710	)		8,474			7,764			6			(23	)

Total	$	(22,370	)	$	29,736		$	15,953		$	23,319		$	580,028		$	603,347		$	19,563		$	(3,610	)

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

Table L - Non-Performing Assets

(Unaudited)


																			Variance
(In thousands)	30-Sep-24			As a % of loans HIP by category			30-Jun-24			As a % of loans HIP by category			30-Sep-23			As a % of loans HIP by category			Q3 2024 vs. Q2 2024			Q3 2024 vs. Q3 2023
Non-accrual loans:
Commercial
Commercial multi-family	$	8,787			0.4	%	$	9,143			0.4	%	$	588			—	%	$	(356	)	$	8,199
Commercial real estate non-owner occupied		9,775			0.2			8,509			0.2			16,064			0.3			1,266			(6,289	)
Commercial real estate owner occupied		48,848			1.6			47,541			1.5			38,966			1.3			1,307			9,882
Commercial and industrial		24,885			0.3			28,740			0.4			25,203			0.4			(3,855	)		(318	)
Total Commercial		92,295			0.5			93,933			0.5			80,821			0.5			(1,638	)		11,474
Construction		—			—			—			—			6,578			0.7			—			(6,578	)
Leasing		7,367			0.4			7,059			0.4			6,842			0.4			308			525
Mortgage		186,354			2.3			175,344			2.2			199,423			2.6			11,010			(13,069	)
Consumer
Home equity lines of credit		3,834			5.5			3,780			5.5			4,085			6.1			54			(251	)
Personal		22,829			1.2			21,501			1.1			21,219			1.1			1,328			1,610
Auto		47,828			1.3			39,333			1.0			40,268			1.1			8,495			7,560
Other Consumer		891			0.5			885			0.5			2,287			1.4			6			(1,396	)
Total Consumer		75,382			1.1			65,499			0.9			67,859			1.0			9,883			7,523

Total non-performing loans held-in-portfolio		361,398			1.0	%		341,835			1.0	%		361,523			1.1	%		19,563			(125	)
Other real estate owned (“OREO”)		63,028						70,225						82,322						(7,197	)		(19,294	)

Total non-performing assets [1]	$	424,426					$	412,060					$	443,845					$	12,366		$	(19,419	)

Accruing loans past due 90 days or more [2]	$	233,971					$	237,581					$	264,212					$	(3,610	)	$	(30,241	)

Ratios:
Non-performing assets to total assets		0.60	%					0.57	%					0.64	%
Non-performing loans held-in-portfolio to loans held-in-portfolio		1.00						0.96						1.06
Allowance for credit losses to loans held-in-portfolio		2.06						2.05						2.09
Allowance for credit losses to non-performing loans, excluding loans held-for-sale		205.96						213.58						196.69

[1]	There were no non-performing loans held-for-sale as of September 30, 2024, June 30, 2024 and September 30, 2023.

[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 $9 million at September 30, 2024, related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below (June 30, 2024 - $10 million; September 30, 2023 - $8 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 $70 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of September 30, 2024 (June 30, 2024 - $81 million; September 30, 2023 - $115 million). Furthermore, the Corporation has approximately $32 million in reverse mortgage loans which are guaranteed by FHA, but which are currently not accruing interest. Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets (June 30, 2024- $34 million; September 30, 2023 - $39 million).

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

Table M - Activity in Non-Performing Loans

(Unaudited)


Commercial loans held-in-portfolio:
	Quarter ended 30-Sep-24									Quarter ended 30-Jun-24
(In thousands)	BPPR			Popular U.S.			Popular, Inc.			BPPR			Popular U.S.			Popular, Inc.
Beginning balance NPLs	$	56,170		$	37,763		$	93,933		$	63,323		$	21,407		$	84,730
Plus:
New non-performing loans		4,460			2,582			7,042			4,031			21,940			25,971
Advances on existing non-performing loans		—			3			3			—			282			282
Less:
Non-performing loans transferred to OREO		—			—			—			(280	)		—			(280	)
Non-performing loans charged-off		(4,085	)		(82	)		(4,167	)		(5,700	)		—			(5,700	)
Loans returned to accrual status / loan collections		(2,726	)		(1,790	)		(4,516	)		(5,204	)		(5,866	)		(11,070	)

Ending balance NPLs	$	53,819		$	38,476		$	92,295		$	56,170		$	37,763		$	93,933


Mortgage loans held-in-portfolio:
	Quarter ended 30-Sep-24									Quarter ended 30-Jun-24
(In thousands)	BPPR			Popular U.S.			Popular, Inc.			BPPR			Popular U.S.			Popular, Inc.
Beginning balance NPLs	$	163,790		$	11,554		$	175,344		$	166,473		$	28,071		$	194,544
Plus:
New non-performing loans		32,125			20,386			52,511			37,009			3,967			40,976
Advances on existing non-performing loans		—			29			29			—			16			16
Less:
Non-performing loans transferred to OREO		(4,016	)		—			(4,016	)		(4,260	)		(24	)		(4,284	)
Non-performing loans charged-off		54			—			54			110			(18	)		92
Loans returned to accrual status / loan collections		(34,033	)		(3,535	)		(37,568	)		(35,542	)		(20,458	)		(56,000	)

Ending balance NPLs	$	157,920		$	28,434		$	186,354		$	163,790		$	11,554		$	175,344


Total non-performing loans held-in-portfolio (excluding consumer):
	Quarter ended 30-Sep-24									Quarter ended 30-Jun-24
(In thousands)	BPPR			Popular U.S.			Popular, Inc.			BPPR			Popular U.S.			Popular, Inc.
Beginning balance NPLs	$	219,960		$	49,317		$	269,277		$	229,796		$	49,478		$	279,274
Plus:
New non-performing loans		36,585			22,968			59,553			41,040			25,907			66,947
Advances on existing non-performing loans		—			32			32			—			298			298
Less:
Non-performing loans transferred to OREO		(4,016	)		—			(4,016	)		(4,540	)		(24	)		(4,564	)
Non-performing loans charged-off		(4,031	)		(82	)		(4,113	)		(5,590	)		(18	)		(5,608	)
Loans returned to accrual status / loan collections		(36,759	)		(5,325	)		(42,084	)		(40,746	)		(26,324	)		(67,070	)

Ending balance NPLs	$	211,739		$	66,910		$	278,649		$	219,960		$	49,317		$	269,277

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

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

(Unaudited)


	Quarters ended
(In thousands)	30-Sep-24			30-Jun-24			30-Sep-23
Balance at beginning of period - loans held-in-portfolio	$	730,077		$	739,544		$	700,200
Provision for credit losses		72,769			44,157			43,514
Initial allowance for credit losses - PCD Loans		3			6			9

		802,849			783,707			743,723

Net loans charge-off (recovered)- BPPR
Commercial:
Commercial real estate non-owner occupied		10			(44	)		(168	)
Commercial real estate owner occupied		(1,554	)		(1,134	)		166
Commercial and industrial		4,729			6,021			(10,547	)
Total Commercial		3,185			4,843			(10,549	)
Construction		(1,036	)		—			2,611
Leasing		2,256			2,700			1,442
Mortgage		(3,894	)		(3,749	)		(3,800	)
Consumer:
Credit cards		14,857			13,712			8,631
Home equity lines of credit		(76	)		41			(30	)
Personal		22,186			20,975			17,303
Auto		16,901			10,257			9,691
Other Consumer		202			529			301
Total Consumer		54,070			45,514			35,896

Total net charged-off BPPR	$	54,581		$	49,308		$	25,600

Net loans charge-off (recovered) - Popular U.S.
Commercial:
Commercial multi-family		(5	)		(4	)		(1	)
Commercial real estate non-owner occupied		(8	)		(42	)		(66	)
Commercial real estate owner occupied		(19	)		(59	)		1,202
Commercial and industrial		372			988			899
Total Commercial		340			883			2,034
Construction		—			(100	)		—
Mortgage		(46	)		(17	)		(62	)
Consumer:
Home equity lines of credit		(120	)		(383	)		12
Personal		3,751			3,941			5,032
Other Consumer		23			(2	)		39
Total Consumer		3,654			3,556			5,083

Total net charged-off Popular U.S.	$	3,948		$	4,322		$	7,055

Total loans charged-off - Popular, Inc.	$	58,529		$	53,630		$	32,655

Balance at end of period - loans held-in-portfolio	$	744,320		$	730,077		$	711,068

Balance at beginning of period - unfunded commitments	$	18,884		$	16,767		$	11,593
Provision for credit losses (benefit)		(500	)		2,117			1,691

Balance at end of period - unfunded commitments [2]	$	18,384		$	18,884		$	13,284

POPULAR, INC.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio		0.65	%		0.61	%		0.39	%


Provision for credit losses (benefit) - loan portfolios to net charge-offs	124.33	%	82.34	%	133.25	%
BPPR
Annualized net charge-offs (recoveries) to average loans held-in-portfolio	0.86	%	0.79	%	0.44	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs	141.34	%	98.53	%	211.00	%
Popular U.S.
Annualized net charge-offs (recoveries) to average loans held-in-portfolio	0.15	%	0.16	%	0.28	%
Provision for credit losses (benefit) - loan portfolios to net charge-offs	(110.89	)%	(102.45	)%	(148.87	)%

[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

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

(Unaudited)


	30-Sep-24
	BPPR
(In thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	2,886	$	305,534		0.94	%
Commercial real estate - non-owner occupied		56,720		3,148,255		1.80	%
Commercial real estate - owner occupied		38,511		1,403,850		2.74	%
Commercial and industrial		123,131		5,176,125		2.38	%

Total commercial	$	221,248	$	10,033,764		2.21	%

Construction		3,704		190,343		1.95	%
Mortgage		72,576		6,695,417		1.08	%
Leasing		15,854		1,887,052		0.84	%
Consumer:
Credit cards		92,694		1,186,889		7.81	%
Home equity lines of credit		69		2,131		3.24	%
Personal		92,067		1,754,081		5.25	%
Auto		161,313		3,818,607		4.22	%
Other consumer		6,649		157,190		4.23	%

Total consumer	$	352,792	$	6,918,898		5.10	%

Total	$	666,174	$	25,725,474		2.59	%


	30-Jun-24
	BPPR
(In thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	3,303	$	304,911		1.08	%
Commercial real estate - non-owner occupied		53,386		2,979,627		1.79	%
Commercial real estate - owner occupied		39,375		1,417,112		2.78	%
Commercial and industrial		111,263		5,002,784		2.22	%

Total commercial	$	207,327	$	9,704,434		2.14	%

Construction		3,638		183,939		1.98	%
Mortgage		73,900		6,590,520		1.12	%
Leasing		14,385		1,828,048		0.79	%
Consumer:
Credit cards		86,313		1,162,539		7.42	%
Home equity lines of credit		83		2,216		3.75	%
Personal		94,021		1,744,873		5.39	%
Auto		157,449		3,773,292		4.17	%
Other consumer		6,489		153,533		4.23	%

Total consumer	$	344,355	$	6,836,453		5.04	%

Total	$	643,605	$	25,143,394		2.56	%


	Variance
(In thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	(417	)	$	623			(0.14	)%
Commercial real estate - non-owner occupied		3,334			168,628			0.01	%
Commercial real estate - owner occupied		(864	)		(13,262	)		(0.04	)%
Commercial and industrial		11,868			173,341			0.16	%

Total commercial	$	13,921		$	329,330			0.07	%

Construction		66			6,404			(0.03	)%
Mortgage		(1,324	)		104,897			(0.04	)%
Leasing		1,469			59,004			0.05	%
Consumer:
Credit cards		6,381			24,350			0.39	%
Home equity lines of credit		(14	)		(85	)		(0.51	)%
Personal		(1,954	)		9,208			(0.14	)%
Auto		3,864			45,315			0.05	%
Other consumer		160			3,657			—	%

Total consumer	$	8,437		$	82,445			0.06	%

Total	$	22,569		$	582,080			0.03	%

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

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

(Unaudited)


	30-Sep-24
	Popular U.S.
(In thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	6,756	$	2,099,768		0.32	%
Commercial real estate - non-owner occupied		10,910		2,037,126		0.54	%
Commercial real estate - owner occupied		14,404		1,688,543		0.85	%
Commercial and industrial		13,230		2,224,428		0.59	%

Total commercial	$	45,300	$	8,049,865		0.56	%

Construction		9,510		922,964		1.03	%
Mortgage		9,074		1,297,931		0.70	%
Consumer:
Credit cards		—		4		—	%
Home equity lines of credit		1,785		67,560		2.64	%
Personal		12,475		119,094		10.47	%
Other consumer		2		12,075		0.02	%

Total consumer	$	14,262	$	198,733		7.18	%

Total	$	78,146	$	10,469,493		0.75	%


	30-Jun-24
	Popular U.S.
(In thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	7,877	$	2,079,569		0.38	%
Commercial real estate - non-owner occupied		10,849		2,024,845		0.54	%
Commercial real estate - owner occupied		18,815		1,726,705		1.09	%
Commercial and industrial		15,219		2,192,573		0.69	%

Total commercial	$	52,760	$	8,023,692		0.66	%

Construction		9,251		921,820		1.00	%
Mortgage		9,389		1,293,206		0.73	%
Consumer:
Credit cards		—		18		—	%
Home equity lines of credit		1,643		66,776		2.46	%
Personal		13,427		134,746		9.96	%
Other consumer		2		7,968		0.03	%

Total consumer	$	15,072	$	209,508		7.19	%

Total	$	86,472	$	10,448,226		0.83	%


	Variance
(In thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	(1,121	)	$	20,199			(0.06	)%
Commercial real estate - non-owner occupied		61			12,281			—	%
Commercial real estate - owner occupied		(4,411	)		(38,162	)		(0.24	)%
Commercial and industrial		(1,989	)		31,855			(0.10	)%

Total commercial	$	(7,460	)	$	26,173			(0.10	)%

Construction		259			1,144			0.03	%
Mortgage		(315	)		4,725			(0.03	)%
Consumer:
Credit cards		—			(14	)		—	%
Home equity lines of credit		142			784			0.18	%
Personal		(952	)		(15,652	)		0.51	%
Other consumer		—			4,107			(0.01	)%

Total consumer	$	(810	)	$	(10,775	)		(0.01	)%

Total	$	(8,326	)	$	21,267			(0.08	)%

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

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

(Unaudited)


	30-Sep-24
(In thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	9,642	$	2,405,302		0.40	%
Commercial real estate - non-owner occupied		67,630		5,185,381		1.30	%
Commercial real estate - owner occupied		52,915		3,092,393		1.71	%
Commercial and industrial		136,361		7,400,553		1.84	%

Total commercial	$	266,548	$	18,083,629		1.47	%

Construction		13,214		1,113,307		1.19	%
Mortgage		81,650		7,993,348		1.02	%
Leasing		15,854		1,887,052		0.84	%
Consumer:
Credit cards		92,694		1,186,893		7.81	%
Home equity lines of credit		1,854		69,691		2.66	%
Personal		104,542		1,873,175		5.58	%
Auto		161,313		3,818,607		4.22	%
Other consumer		6,651		169,265		3.93	%

Total consumer	$	367,054	$	7,117,631		5.16	%

Total	$	744,320	$	36,194,967		2.06	%


	30-Jun-24
(In thousands)	Total ACL		Total loans held-in-portfolio		ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	11,180	$	2,384,480		0.47	%
Commercial real estate - non-owner occupied		64,235		5,004,472		1.28	%
Commercial real estate - owner occupied		58,190		3,143,817		1.85	%
Commercial and industrial		126,482		7,195,357		1.76	%

Total commercial	$	260,087	$	17,728,126		1.47	%

Construction		12,889		1,105,759		1.17	%
Mortgage		83,289		7,883,726		1.06	%
Leasing		14,385		1,828,048		0.79	%
Consumer:
Credit cards		86,313		1,162,557		7.42	%
Home equity lines of credit		1,726		68,992		2.50	%
Personal		107,448		1,879,619		5.72	%
Auto		157,449		3,773,292		4.17	%
Other consumer		6,491		161,501		4.02	%

Total consumer	$	359,427	$	7,045,961		5.10	%

Total	$	730,077	$	35,591,620		2.05	%


	Variance
(In thousands)	Total ACL			Total loans held-in-portfolio			ACL to loans held-in-portfolio
Commercial:
Commercial multi-family	$	(1,538	)	$	20,822			(0.07	)%
Commercial real estate - non-owner occupied		3,395			180,909			0.02	%
Commercial real estate - owner occupied		(5,275	)		(51,424	)		(0.14	)%
Commercial and industrial		9,879			205,196			0.08	%

Total commercial	$	6,461		$	355,503			—	%

Construction		325			7,548			0.02	%
Mortgage		(1,639	)		109,622			(0.04	)%
Leasing		1,469			59,004			0.05	%
Consumer:
Credit cards		6,381			24,336			0.39	%
Home equity lines of credit		128			699			0.16	%
Personal		(2,906	)		(6,444	)		(0.14	)%
Auto		3,864			45,315			0.05	%
Other consumer		160			7,764			(0.09	)%

Total consumer	$	7,627		$	71,670			0.06	%

Total	$	14,243		$	603,347			0.01	%

Popular, Inc.

Financial Supplement to Third Quarter 2024 Earnings Release

Table R - Reconciliation to GAAP Financial Measures

(Unaudited)


(In thousands, except share or per share information)	30-Sep-24			30-Jun-24			30-Sep-23
Total stockholders’ equity	$	5,790,514		$	5,372,678		$	4,457,608
Less: Preferred stock		(22,143	)		(22,143	)		(22,143	)
Less: Goodwill		(804,428	)		(804,428	)		(804,428	)
Less: Other intangibles		(7,531	)		(8,235	)		(10,559	)

Total tangible common equity	$	4,956,412		$	4,537,872		$	3,620,478

Total assets	$	71,323,074		$	72,845,072		$	69,736,936
Less: Goodwill		(804,428	)		(804,428	)		(804,428	)
Less: Other intangibles		(7,531	)		(8,235	)		(10,559	)

Total tangible assets	$	70,511,115		$	72,032,409		$	68,921,949

Tangible common equity to tangible assets		7.03	%		6.30	%		5.25	%
Common shares outstanding at end of period		71,787,349			72,365,926			72,127,595
Tangible book value per common share	$	69.04		$	62.71		$	50.20


	Quarterly average
Total stockholders’ equity [1]	$	6,460,517		$	6,303,672		$	5,909,649
Average unrealized (gains) losses on AFS securities transferred to HTM		550,971			595,362			726,715

Adjusted total stockholder’s equity		7,011,488			6,899,034			6,636,364

Less: Preferred Stock		(22,143	)		(22,143	)		(22,143	)
Less: Goodwill		(804,427	)		(804,427	)		(827,177	)
Less: Other intangibles		(7,995	)		(8,706	)		(11,083	)

Total tangible equity	$	6,176,923		$	6,063,758		$	5,775,961
Return on average tangible common equity		9.98	%		11.77	%		9.36	%

[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

Media Relations:

MC González Noguera, 917-804-5253

Executive Vice President and Chief Communications & Public Affairs Officer

mc.gonzalez@popular.com

Investor Presentation Third Quarter 2024 Exhibit 99.2

Cautionary Note Regarding Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including without limitation those regarding Popular’s business, financial condition, results of operations and future plans, objectives, performance, earnings and expenses. These statements are not guarantees of future performance, are based on the current expectations of Popular, Inc.’s (the “Corporation”) management 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. 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, 2023, our Form 10-Q for the quarters ended March 31, 2024 and June 30, 2024, and the Form 10-Q for the quarter ended September 30, 2024 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 which speak as of their respective dates.

See Slide 13 for footnotes Differences due to rounding Q3 2024 Highlights Highlights: (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $,568,312 $17,568 Provision for credit losses 46,794 ,-25,804 Net interest income after provision for credit losses $,521,518 $43,372 Service charges on deposits 37,526 84 Other service fees 96,863 2,591 Mortgage banking activities 5,723 1,363 Other non-interest income 26,194 -1,550 Total non-interest income $,166,306 $2,488 Personnel costs ,197,424 ,-17,953 Net occupancy expenses 27,692 -,349 Equipment expenses 9,662 95 Professional fees 37,744 8,826 Technology and software expenses 79,752 290 Processing and transactional services 39,096 4,902 Business promotion 25,449 4,460 FDIC deposit insurance 10,581 ,-13,306 Other real estate owned (OREO) income -5,750 -,429 Other operating expenses 47,926 -73 Total operating expenses ,469,576 ,-13,537 Income before income tax ,218,248 59,397 Income tax expense 40,459 ,-15,109 Net income $,177,789 $74,506 EPS $2.4700000000000002 $1.0400000000000003 ROTCE 0.1177 4.87E-2 Q3-2023 BPPR Popular U.S ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,111 $,-25,111 $23,729 Loans Held in Portfolio $10,448 $,-10,448 $10,267 P.R. Government Deposits 19,721.934372140004 ,-19,721.934372140004 17,750 Total Deposits 11,861 ,-11,861 10,302 Total Deposits 54,548 ,-54,548 53,389 Borrowings 327.24803904000004 -,327.24803904000004 398 Borrowings 127.10107768 -,127.10107768 108 Net Interest Margin 2.5999999999999999E-2 -2.6% 2.9000000000000001E-2 Net Interest Margin 3.4000000000000002E-2 -3.4% 3.1399999999999997E-2 Total Deposit Cost 3.4299999999999997E-2 -3.43% 2.843E-2 Total Deposit Cost 1.83E-2 -1.83% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 $ in millions, except ratios and EPS Income Statement Q3 2024 Q2 2024 Change Q3 2023 Net Income $155 $178 $-23 $137 Adjusted Net Income $0 Net Interest Margin 3.2399999999999998E-2 3.2199999999999999E-2 1.9999999999999879E-4 3.0700000000000002E-2 Net Interest Margin FTE 3.4700000000000002E-2 3.4799999999999998E-2 -9.9999999999995925E-5 3.2399999999999998E-2 Total Deposit Cost 2.1600000000000001E-2 2.1000000000000001E-2 5.9999999999999984E-4 1.84E-2 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 $1.9 Financial Ratios Q3 2024 Q3 2024 Change Q3 2023 ROA 8.3999999999999995E-3 9.7000000000000003E-3 -1.3000000000000008E-3 7.4999999999999997E-3 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 9.3600000000000003E-2 Balance (Ending Balances) Q3 2024 Q3 2024 Change Q3 2023 Loans Held in Portfolio $36,195 $35,592 $603 $34,029 Total Assets 71,323 72,845 -1,522 69,737 Total Deposits 63,669 65,531 -1,862 63,338 Borrowings 974 1,047 -73 1,098 Credit Quality Q3 2024 Q3 2024 Change Q3 2023 Non Performing Loans $361 $342 $-12 $362 NPL Ratio 0.01 9.5999999999999992E-3 4.0000000000000105E-4 1.06E-2 NCO Ratio 6.4999999999999997E-3 6.1000000000000004E-3 3.9999999999999931E-4 3.8999999999999998E-3 ACL-NPL Ratio 2.06 2.14 -8.0000000000000071E-2 1.97 Capital Q3 2024 Change Q3 2023 Common Equity Tier 1 0.16420000000000001 0.1648 -5.9999999999998943E-4 0.1681 Tangible Book Value Per Share $69.040000000000006 $62.71 $2.65 $50.2 Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $155 $178 $-23 $137 Adjusted Net Income1 0 0 0 137 Net Interest Margin (NIM) 3.2399999999999998E-2 3.2199999999999999E-2 19999999999999879.199999999999999% 3.0700000000000002E-2 Net Interest Margin FTE1 3.4700000000000002E-2 3.4799999999999998E-2 -99999999999995925.099999999999996% 3.2399999999999998E-2 Total Deposit Costs 2.1600000000000001E-2 2.1000000000000001E-2 59999999999999984.6% 1.84E-2 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 $1.9 Financial Ratios ROA 8.3999999999999995E-3 9.7000000000000003E-3 -0.13% 7.4999999999999997E-3 ROTCE 9.98E-2 0.1177 -1.79% 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $36,195 $35,592 $603 $34,029 Total Assets 71,323 72,845 -1,522 69,737 Total Deposits 63,669 65,531 -1,862 63,338 Borrowings 974 1,047 -73 1,098 Credit Quality Non-Performing Loans (NPLs) $361 $342 $19 $362 NPL Ratio 0.01 9.5999999999999992E-3 40000000000000105.400000000000001% 1.06E-2 NCO Ratio 6.4999999999999997E-3 6.1000000000000004E-3 39999999999999931.399999999999999% 3.8999999999999998E-3 ACL-NPL Ratio 2.06 2.14 -8.71% 1.97 Capital Common Equity Tier 1 0.16420000000000001 0.1648 .059999999999999% 0.1681 Tangible Book Value Per Share $69.040000000000006 $62.71 $6.3300000000000054 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Highlights: Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax (benefit) expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 .07% 5.3E-3 5.3E-3 0.000000000000000% Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 .05% 3.8999999999999998E-3 3.8999999999999998E-3 .02% Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 .06% 8.3000000000000001E-3 8.3000000000000001E-3 .08% Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 linea azul claro linea azul obscuro Azul fondo y bordes Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791 Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $178 $178 $356 Indirect Exposure $187 $46 $233 Unaudited ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $0 $,568,312 $17,568 $0 $0 $0 Provision for credit losses 0 46,794 ,-25,804 $0 $0 $0 Net interest income after provision for credit losses $0 $,521,518 $43,372 $0 $0 $0 Service charges on deposits 0 37,526 84 $0 $0 $0 Other service fees 0 96,863 2,591 $0 $0 $0 Mortgage banking activities 0 5,723 1,363 $0 $0 $0 Other non-interest income 0 26,194 -1,550 $0 $0 $0 Total non-interest income $0 $,166,306 $2,488 $0 $0 $0 Personnel costs 0 ,197,424 ,-17,953 $0 $0 $0 Net occupancy expenses 0 27,692 -,349 $0 $0 $0 Equipment expenses 0 9,662 95 $0 $0 $0 Professional fees 0 37,744 8,826 $0 $0 $0 Technology and software expenses 0 79,752 290 $0 $0 $0 Processing and transactional services 0 39,096 4,902 $0 $0 $0 Business promotion 0 25,449 4,460 $0 $0 $0 FDIC deposit insurance 0 10,581 ,-13,306 $0 $0 $0 Other real estate owned (OREO) income 0 -5,750 -,429 $0 $0 $0 Other operating expenses 0 47,926 -73 $0 $0 $0 Total operating expenses $0 $,469,576 $,-13,537 $0 $0 $0 Income before income tax 0 ,218,248 59,397 $0 $0 $0 Income tax expense 0 40,459 ,-15,109 $0 $0 $0 Net income $0 $,177,789 $74,506 $0 $0 $0 EPS $0 $2.4700000000000002 $1.0400000000000003 $0 $0 $0 ROTCE 0 0.1177 4.87E-2 $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes January 2024 Original Guidance October Update Net Interest Income 9%-13% increase for the year 8%-10% increase for the year Non-Interest Income $160-$165 million per quarter Unchanged NCOs 65-85 bps annualized Lower end of the 65-85 bps range Operating Expenses $1.89- $1.95 billion for the year Unchanged Effective Tax Rate 19%-23% for the year 21%-23% for the year Loan Growth 3%-6% for the year Lower end of the 3%-6% range Previous color Previous color fondo (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 -6.9999999999999999E-4 5.3E-3 5.3E-3 0 Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 -5.0000000000000001E-4 3.8999999999999998E-3 3.8999999999999998E-3 -2.0000000000000001E-4 Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 -5.9999999999999995E-4 8.3000000000000001E-3 8.3000000000000001E-3 -8.0000000000000004E-4 Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 Highlights: (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $,568,312 $17,568 Provision for credit losses 46,794 ,-25,804 Net interest income after provision for credit losses $,521,518 $43,372 Service charges on deposits 37,526 84 Other service fees 96,863 2,591 Mortgage banking activities 5,723 1,363 Other non-interest income 26,194 -1,550 Total non-interest income $,166,306 $2,488 Personnel costs ,197,424 ,-17,953 Net occupancy expenses 27,692 -,349 Equipment expenses 9,662 95 Professional fees 37,744 8,826 Technology and software expenses 79,752 290 Processing and transactional services 39,096 4,902 Business promotion 25,449 4,460 FDIC deposit insurance 10,581 ,-13,306 Other real estate owned (OREO) income -5,750 -,429 Other operating expenses 47,926 -73 Total operating expenses ,469,576 ,-13,537 Income before income tax ,218,248 59,397 Income tax expense 40,459 ,-15,109 Net income $,177,789 $74,506 EPS $2.4700000000000002 $1.0400000000000003 ROTCE 0.1177 4.87E-2 Q3-2023 BPPR Popular U.S ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,111 $,-25,111 $23,729 Loans Held in Portfolio $10,448 $,-10,448 $10,267 P.R. Government Deposits 19,721.934372140004 ,-19,721.934372140004 17,750 Total Deposits 11,861 ,-11,861 10,302 Total Deposits 54,548 ,-54,548 53,389 Borrowings 327.24803904000004 -,327.24803904000004 398 Borrowings 127.10107768 -,127.10107768 108 Net Interest Margin 2.5999999999999999E-2 -2.6% 2.9000000000000001E-2 Net Interest Margin 3.4000000000000002E-2 -3.4% 3.1399999999999997E-2 Total Deposit Cost 3.4299999999999997E-2 -3.43% 2.843E-2 Total Deposit Cost 1.83E-2 -1.83% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 $ in millions, except ratios and EPS Income Statement Q3 2024 Q2 2024 Change Q3 2023 Net Income $155 $178 $-23 $137 Adjusted Net Income $0 Net Interest Margin 3.2399999999999998E-2 3.2199999999999999E-2 1.9999999999999879E-4 3.0700000000000002E-2 Net Interest Margin FTE 3.4700000000000002E-2 3.4799999999999998E-2 -9.9999999999995925E-5 3.2399999999999998E-2 Total Deposit Cost 2.1600000000000001E-2 2.1000000000000001E-2 5.9999999999999984E-4 1.84E-2 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 $1.9 Financial Ratios Q3 2024 Q3 2024 Change Q3 2023 ROA 8.3999999999999995E-3 9.7000000000000003E-3 -1.3000000000000008E-3 7.4999999999999997E-3 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 9.3600000000000003E-2 Balance (Ending Balances) Q3 2024 Q3 2024 Change Q3 2023 Loans Held in Portfolio $36,195 $35,592 $603 $34,029 Total Assets 71,323 72,845 -1,522 69,737 Total Deposits 63,669 65,531 -1,862 63,338 Borrowings 974 1,047 -73 1,098 Credit Quality Q3 2024 Q3 2024 Change Q3 2023 Non Performing Loans $361 $342 $-12 $362 NPL Ratio 0.01 9.5999999999999992E-3 4.0000000000000105E-4 1.06E-2 NCO Ratio 6.4999999999999997E-3 6.1000000000000004E-3 3.9999999999999931E-4 3.8999999999999998E-3 ACL-NPL Ratio 2.06 2.14 -8.0000000000000071E-2 1.97 Capital Q3 2024 Change Q3 2023 Common Equity Tier 1 0.16420000000000001 0.1648 -5.9999999999998943E-4 0.1681 Tangible Book Value Per Share $69.040000000000006 $62.71 $2.65 $50.2 Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $155 $178 $-23 $137 Adjusted Net Income1 0 0 0 137 Net Interest Margin (NIM) 3.2399999999999998E-2 3.2199999999999999E-2 19999999999999879.199999999999999% 3.0700000000000002E-2 Net Interest Margin FTE1 3.4700000000000002E-2 3.4799999999999998E-2 -99999999999995925.099999999999996% 3.2399999999999998E-2 Total Deposit Costs 2.1600000000000001E-2 2.1000000000000001E-2 59999999999999984.6% 1.84E-2 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 $1.9 Financial Ratios ROA 8.3999999999999995E-3 9.7000000000000003E-3 -0.13% 7.4999999999999997E-3 ROTCE 9.98E-2 0.1177 -1.79% 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $36,195 $35,592 $603 $34,029 Total Assets 71,323 72,845 -1,522 69,737 Total Deposits 63,669 65,531 -1,862 63,338 Borrowings 974 1,047 -73 1,098 Credit Quality Non-Performing Loans (NPLs) $361 $342 $19 $362 NPL Ratio 0.01 9.5999999999999992E-3 40000000000000105.400000000000001% 1.06E-2 NCO Ratio 6.4999999999999997E-3 6.1000000000000004E-3 39999999999999931.399999999999999% 3.8999999999999998E-3 ACL-NPL Ratio 2.06 2.14 -8.71% 1.97 Capital Common Equity Tier 1 0.16420000000000001 0.1648 .059999999999999% 0.1681 Tangible Book Value Per Share $69.040000000000006 $62.71 $6.3300000000000054 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Highlights: Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax (benefit) expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 .07% 5.3E-3 5.3E-3 0.000000000000000% Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 .05% 3.8999999999999998E-3 3.8999999999999998E-3 .02% Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 .06% 8.3000000000000001E-3 8.3000000000000001E-3 .08% Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 linea azul claro linea azul obscuro Azul fondo y bordes Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791 Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $178 $178 $356 Indirect Exposure $187 $46 $233 Unaudited ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $0 $,568,312 $17,568 $0 $0 $0 Provision for credit losses 0 46,794 ,-25,804 $0 $0 $0 Net interest income after provision for credit losses $0 $,521,518 $43,372 $0 $0 $0 Service charges on deposits 0 37,526 84 $0 $0 $0 Other service fees 0 96,863 2,591 $0 $0 $0 Mortgage banking activities 0 5,723 1,363 $0 $0 $0 Other non-interest income 0 26,194 -1,550 $0 $0 $0 Total non-interest income $0 $,166,306 $2,488 $0 $0 $0 Personnel costs 0 ,197,424 ,-17,953 $0 $0 $0 Net occupancy expenses 0 27,692 -,349 $0 $0 $0 Equipment expenses 0 9,662 95 $0 $0 $0 Professional fees 0 37,744 8,826 $0 $0 $0 Technology and software expenses 0 79,752 290 $0 $0 $0 Processing and transactional services 0 39,096 4,902 $0 $0 $0 Business promotion 0 25,449 4,460 $0 $0 $0 FDIC deposit insurance 0 10,581 ,-13,306 $0 $0 $0 Other real estate owned (OREO) income 0 -5,750 -,429 $0 $0 $0 Other operating expenses 0 47,926 -73 $0 $0 $0 Total operating expenses $0 $,469,576 $,-13,537 $0 $0 $0 Income before income tax 0 ,218,248 59,397 $0 $0 $0 Income tax expense 0 40,459 ,-15,109 $0 $0 $0 Net income $0 $,177,789 $74,506 $0 $0 $0 EPS $0 $2.4700000000000002 $1.0400000000000003 $0 $0 $0 ROTCE 0 0.1177 4.87E-2 $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes January 2024 Original Guidance October Update Net Interest Income 9%-13% increase for the year 8%-10% increase for the year Non-Interest Income $160-$165 million per quarter Unchanged NCOs 65-85 bps annualized Lower end of the 65-85 bps range Operating Expenses $1.89- $1.95 billion for the year Unchanged Effective Tax Rate 19%-23% for the year 21%-23% for the year Loan Growth 3%-6% for the year Lower end of the 3%-6% range Previous color Previous color fondo (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 -6.9999999999999999E-4 5.3E-3 5.3E-3 0 Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 -5.0000000000000001E-4 3.8999999999999998E-3 3.8999999999999998E-3 -2.0000000000000001E-4 Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 -5.9999999999999995E-4 8.3000000000000001E-3 8.3000000000000001E-3 -8.0000000000000004E-4 Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4

Business Highlights Differences due to rounding January 2024 Original Guidance October Update Net Interest Income 9%-13% increase for the year 8%-10% increase for the year Non-Interest Income $160-$165 million per quarter Unchanged NCOs 65-85 bps annualized Lower end of the 65-85 bps range Operating Expenses $1.89- $1.95 billion for the year Unchanged Effective Tax Rate 19%-23% for the year 21%-23% for the year Loan Growth 3%-6% for the year Lower end of the 3%-6% range Previous color Previous color fondo (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Loans Held in Portfolio $25,694 $25,111 $583 Loans Held in Portfolio $10,469 $10,448 $21 P.R. Government Deposits 18,716 19,722 -1,006 Total Deposits 11,891 11,861 30 Total Deposits 52,701 54,548 -1,847 Borrowings 276 327 -51 Borrowings 105 127 -22 Net Interest Margin 2.7300000000000001E-2 2.5999999999999999E-2 1.3000000000000025E-3 Net Interest Margin 3.4099999999999998E-2 3.4000000000000002E-2 9.9999999999995925E-5 Total Deposit Cost 3.3500000000000002E-2 3.4299999999999997E-2 -7.9999999999999516E-4 Total Deposit Cost 1.89E-2 1.83E-2 5.9999999999999984E-4 0 Unaudited ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $0 $,568,312 $17,568 $0 $0 $0 Provision for credit losses 0 46,794 ,-25,804 $0 $0 $0 Net interest income after provision for credit losses $0 $,521,518 $43,372 $0 $0 $0 Service charges on deposits 0 37,526 84 $0 $0 $0 Other service fees 0 96,863 2,591 $0 $0 $0 Mortgage banking activities 0 5,723 1,363 $0 $0 $0 Other non-interest income 0 26,194 -1,550 $0 $0 $0 Total non-interest income $0 $,166,306 $2,488 $0 $0 $0 Personnel costs 0 ,197,424 ,-17,953 $0 $0 $0 Net occupancy expenses 0 27,692 -,349 $0 $0 $0 Equipment expenses 0 9,662 95 $0 $0 $0 Professional fees 0 37,744 8,826 $0 $0 $0 Technology and software expenses 0 79,752 290 $0 $0 $0 Processing and transactional services 0 39,096 4,902 $0 $0 $0 Business promotion 0 25,449 4,460 $0 $0 $0 FDIC deposit insurance 0 10,581 ,-13,306 $0 $0 $0 Other real estate owned (OREO) income 0 -5,750 -,429 $0 $0 $0 Other operating expenses 0 47,926 -73 $0 $0 $0 Total operating expenses $0 $,469,576 $,-13,537 $0 $0 $0 Income before income tax 0 ,218,248 59,397 $0 $0 $0 Income tax expense 0 40,459 ,-15,109 $0 $0 $0 Net income $0 $,177,789 $74,506 $0 $0 $0 EPS $0 $2.4700000000000002 $1.0400000000000003 $0 $0 $0 ROTCE 0 0.1177 4.87E-2 $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes Highlights: (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $,568,312 $17,568 Provision for credit losses 46,794 ,-25,804 Net interest income after provision for credit losses $,521,518 $43,372 Service charges on deposits 37,526 84 Other service fees 96,863 2,591 Mortgage banking activities 5,723 1,363 Other non-interest income 26,194 -1,550 Total non-interest income $,166,306 $2,488 Personnel costs ,197,424 ,-17,953 Net occupancy expenses 27,692 -,349 Equipment expenses 9,662 95 Professional fees 37,744 8,826 Technology and software expenses 79,752 290 Processing and transactional services 39,096 4,902 Business promotion 25,449 4,460 FDIC deposit insurance 10,581 ,-13,306 Other real estate owned (OREO) income -5,750 -,429 Other operating expenses 47,926 -73 Total operating expenses ,469,576 ,-13,537 Income before income tax ,218,248 59,397 Income tax expense 40,459 ,-15,109 Net income $,177,789 $74,506 EPS $2.4700000000000002 $1.0400000000000003 ROTCE 0.1177 4.87E-2 Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Q3-2023 BPPR Popular U.S. ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,694 $25,111 $583 $23,729 Loans Held in Portfolio $10,469 $10,448 $21 $10,267 P.R. Government Deposits 18,716 19,722 -1,006 17,750 Total Deposits 11,891 11,861 30 10,302 Total Deposits 52,701 54,548 -1,847 53,389 Borrowings 276 327 -51 398 Borrowings 105 127 -22 108 Net Interest Margin 2.7300000000000001E-2 2.5999999999999999E-2 .13% 2.9000000000000001E-2 Net Interest Margin 3.4099999999999998E-2 3.4000000000000002E-2 99999999999995925.999999999999959% 3.1399999999999997E-2 Total Deposit Cost 3.3500000000000002E-2 3.4299999999999997E-2 .08% 2.843E-2 Total Deposit Cost 1.89E-2 1.83E-2 59999999999999984.6% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $178 $178 $0 $137 Adjusted Net Income1 178 178 0 137 Net Interest Margin (NIM) 3.2199999999999999E-2 3.2199999999999999E-2 0.000000000000000% 3.0700000000000002E-2 Net Interest Margin FTE2 3.4799999999999998E-2 3.4799999999999998E-2 0.000000000000000% 3.2399999999999998E-2 Total Deposit Costs 2.1000000000000001E-2 2.1000000000000001E-2 0.000000000000000% 1.84E-2 EPS $2.46 $2.46 $0 $1.9 Financial Ratios ROA 9.7000000000000003E-3 9.7000000000000003E-3 0 7.4999999999999997E-3 ROTCE 0.1177 0.1177 0 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $35,592 $35,592 $0 $34,029 Total Assets 72,845 72,845 0 69,737 Total Deposits 65,531 65,531 0 63,338 Borrowings 1,047 1,047 0 1,098 Credit Quality Capital Actions: Non Performing Loans (NPLs) $342 $342 $0 $362 NPL Ratio 9.5999999999999992E-3 9.5999999999999992E-3 0 1.06E-2 NCO Ratio 6.1000000000000004E-3 6.1000000000000004E-3 0 3.8999999999999998E-3 ACL-NPL Ratio 2.14 2.14 0 1.97 Capital Common Equity Tier 1 0.16480031502430226 0.16480031502430226 0 0.1681 Tangible Book Value Per Share $62.71 $62.71 $0 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 Highlights: Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax (benefit) expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 .07% 5.3E-3 5.3E-3 0.000000000000000% Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 .05% 3.8999999999999998E-3 3.8999999999999998E-3 .02% Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 .06% 8.3000000000000001E-3 8.3000000000000001E-3 .08% Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 linea azul claro linea azul obscuro Azul fondo y bordes Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $178 $178 $356 Indirect Exposure $187 $46 $233 (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 -6.9999999999999999E-4 5.3E-3 5.3E-3 0 Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 -5.0000000000000001E-4 3.8999999999999998E-3 3.8999999999999998E-3 -2.0000000000000001E-4 Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 -5.9999999999999995E-4 8.3000000000000001E-3 8.3000000000000001E-3 -8.0000000000000004E-4 Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 January 2024 Original Guidance October Update Net Interest Income 9%-13% increase for the year 8%-10% increase for the year Non-Interest Income $160-$165 million per quarter Unchanged NCOs 65-85 bps annualized Lower end of the 65-85 bps range Operating Expenses $1.89- $1.95 billion for the year Unchanged Effective Tax Rate 19%-23% for the year 21%-23% for the year Loan Growth 3%-6% for the year Lower end of the 3%-6% range Previous color Previous color fondo (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Loans Held in Portfolio $25,694 $25,111 $583 Loans Held in Portfolio $10,469 $10,448 $21 P.R. Government Deposits 18,716 19,722 -1,006 Total Deposits 11,891 11,861 30 Total Deposits 52,701 54,548 -1,847 Borrowings 276 327 -51 Borrowings 105 127 -22 Net Interest Margin 2.7300000000000001E-2 2.5999999999999999E-2 1.3000000000000025E-3 Net Interest Margin 3.4099999999999998E-2 3.4000000000000002E-2 9.9999999999995925E-5 Total Deposit Cost 3.3500000000000002E-2 3.4299999999999997E-2 -7.9999999999999516E-4 Total Deposit Cost 1.89E-2 1.83E-2 5.9999999999999984E-4 0 Unaudited ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $0 $,568,312 $17,568 $0 $0 $0 Provision for credit losses 0 46,794 ,-25,804 $0 $0 $0 Net interest income after provision for credit losses $0 $,521,518 $43,372 $0 $0 $0 Service charges on deposits 0 37,526 84 $0 $0 $0 Other service fees 0 96,863 2,591 $0 $0 $0 Mortgage banking activities 0 5,723 1,363 $0 $0 $0 Other non-interest income 0 26,194 -1,550 $0 $0 $0 Total non-interest income $0 $,166,306 $2,488 $0 $0 $0 Personnel costs 0 ,197,424 ,-17,953 $0 $0 $0 Net occupancy expenses 0 27,692 -,349 $0 $0 $0 Equipment expenses 0 9,662 95 $0 $0 $0 Professional fees 0 37,744 8,826 $0 $0 $0 Technology and software expenses 0 79,752 290 $0 $0 $0 Processing and transactional services 0 39,096 4,902 $0 $0 $0 Business promotion 0 25,449 4,460 $0 $0 $0 FDIC deposit insurance 0 10,581 ,-13,306 $0 $0 $0 Other real estate owned (OREO) income 0 -5,750 -,429 $0 $0 $0 Other operating expenses 0 47,926 -73 $0 $0 $0 Total operating expenses $0 $,469,576 $,-13,537 $0 $0 $0 Income before income tax 0 ,218,248 59,397 $0 $0 $0 Income tax expense 0 40,459 ,-15,109 $0 $0 $0 Net income $0 $,177,789 $74,506 $0 $0 $0 EPS $0 $2.4700000000000002 $1.0400000000000003 $0 $0 $0 ROTCE 0 0.1177 4.87E-2 $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes Highlights: (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $,568,312 $17,568 Provision for credit losses 46,794 ,-25,804 Net interest income after provision for credit losses $,521,518 $43,372 Service charges on deposits 37,526 84 Other service fees 96,863 2,591 Mortgage banking activities 5,723 1,363 Other non-interest income 26,194 -1,550 Total non-interest income $,166,306 $2,488 Personnel costs ,197,424 ,-17,953 Net occupancy expenses 27,692 -,349 Equipment expenses 9,662 95 Professional fees 37,744 8,826 Technology and software expenses 79,752 290 Processing and transactional services 39,096 4,902 Business promotion 25,449 4,460 FDIC deposit insurance 10,581 ,-13,306 Other real estate owned (OREO) income -5,750 -,429 Other operating expenses 47,926 -73 Total operating expenses ,469,576 ,-13,537 Income before income tax ,218,248 59,397 Income tax expense 40,459 ,-15,109 Net income $,177,789 $74,506 EPS $2.4700000000000002 $1.0400000000000003 ROTCE 0.1177 4.87E-2 Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Q3-2023 BPPR Popular U.S. ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,694 $25,111 $583 $23,729 Loans Held in Portfolio $10,469 $10,448 $21 $10,267 P.R. Government Deposits 18,716 19,722 -1,006 17,750 Total Deposits 11,891 11,861 30 10,302 Total Deposits 52,701 54,548 -1,847 53,389 Borrowings 276 327 -51 398 Borrowings 105 127 -22 108 Net Interest Margin 2.7300000000000001E-2 2.5999999999999999E-2 .13% 2.9000000000000001E-2 Net Interest Margin 3.4099999999999998E-2 3.4000000000000002E-2 99999999999995925.999999999999959% 3.1399999999999997E-2 Total Deposit Cost 3.3500000000000002E-2 3.4299999999999997E-2 .08% 2.843E-2 Total Deposit Cost 1.89E-2 1.83E-2 59999999999999984.6% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $178 $178 $0 $137 Adjusted Net Income1 178 178 0 137 Net Interest Margin (NIM) 3.2199999999999999E-2 3.2199999999999999E-2 0.000000000000000% 3.0700000000000002E-2 Net Interest Margin FTE2 3.4799999999999998E-2 3.4799999999999998E-2 0.000000000000000% 3.2399999999999998E-2 Total Deposit Costs 2.1000000000000001E-2 2.1000000000000001E-2 0.000000000000000% 1.84E-2 EPS $2.46 $2.46 $0 $1.9 Financial Ratios ROA 9.7000000000000003E-3 9.7000000000000003E-3 0 7.4999999999999997E-3 ROTCE 0.1177 0.1177 0 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $35,592 $35,592 $0 $34,029 Total Assets 72,845 72,845 0 69,737 Total Deposits 65,531 65,531 0 63,338 Borrowings 1,047 1,047 0 1,098 Credit Quality Capital Actions: Non Performing Loans (NPLs) $342 $342 $0 $362 NPL Ratio 9.5999999999999992E-3 9.5999999999999992E-3 0 1.06E-2 NCO Ratio 6.1000000000000004E-3 6.1000000000000004E-3 0 3.8999999999999998E-3 ACL-NPL Ratio 2.14 2.14 0 1.97 Capital Common Equity Tier 1 0.16480031502430226 0.16480031502430226 0 0.1681 Tangible Book Value Per Share $62.71 $62.71 $0 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 Highlights: Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax (benefit) expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 .07% 5.3E-3 5.3E-3 0.000000000000000% Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 .05% 3.8999999999999998E-3 3.8999999999999998E-3 .02% Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 .06% 8.3000000000000001E-3 8.3000000000000001E-3 .08% Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 linea azul claro linea azul obscuro Azul fondo y bordes Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $178 $178 $356 Indirect Exposure $187 $46 $233 (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 -6.9999999999999999E-4 5.3E-3 5.3E-3 0 Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 -5.0000000000000001E-4 3.8999999999999998E-3 3.8999999999999998E-3 -2.0000000000000001E-4 Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 -5.9999999999999995E-4 8.3000000000000001E-3 8.3000000000000001E-3 -8.0000000000000004E-4 Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4

Financial Summary Differences due to rounding January 2024 Original Guidance October Update Net Interest Income 9%-13% increase for the year 8%-10% increase for the year Non-Interest Income $160-$165 million per quarter Unchanged NCOs 65-85 bps annualized Lower end of the 65-85 bps range Operating Expenses $1.89- $1.95 billion for the year Unchanged Effective Tax Rate 19%-23% for the year 21%-23% for the year Loan Growth 3%-6% for the year Lower end of the 3%-6% range Previous color Previous color fondo (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 -6.9999999999999999E-4 5.3E-3 5.3E-3 0 Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 -5.0000000000000001E-4 3.8999999999999998E-3 3.8999999999999998E-3 -2.0000000000000001E-4 Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 -5.9999999999999995E-4 8.3000000000000001E-3 8.3000000000000001E-3 -8.0000000000000004E-4 Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 Quarterly Results and Variances(unaudited) ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $,572,473 $,568,312 $4,161 $0 $0 $0 Provision for credit losses 71,448 46,794 24,654 $0 $0 $0 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 $0 $0 $0 Service charges on deposits 38,315 37,526 789 $0 $0 $0 Other service fees 98,748 96,863 1,885 $0 $0 $0 Mortgage banking activities 2,670 5,723 -3,053 $0 $0 $0 Other non-interest income 24,349 26,194 -1,845 $0 $0 $0 Total non-interest income $,164,082 $,166,306 $-2,224 $0 $0 $0 Personnel costs ,201,856 ,197,424 4,432 $0 $0 $0 Net occupancy expenses 28,031 27,692 339 $0 $0 $0 Equipment expenses 9,349 9,662 -,313 $0 $0 $0 Professional fees 26,708 37,744 ,-11,036 $0 $0 $0 Technology and software expenses 88,452 79,752 8,700 $0 $0 $0 Processing and transactional services 34,320 39,096 -4,776 $0 $0 $0 Business promotion 25,637 25,449 188 $0 $0 $0 Deposit insurance 10,433 10,581 -,148 $0 $0 $0 Other real estate owned (OREO) income -2,674 -5,750 3,076 $0 $0 $0 Other operating expenses 45,209 47,926 -2,717 $0 $0 $0 Total operating expenses $,467,321 $,469,576 $-2,255 $0 $0 $0 Income before income tax ,197,786 ,218,248 ,-20,462 $0 $0 $0 Income tax expense 42,463 40,459 2,004 $0 $0 $0 Net income $,155,323 $,177,789 $,-22,466 $0 $0 $0 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 $0 $0 $0 ROTCE 9.98E-2 0.1177 -1.79% $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes Highlights: (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $,572,473 $,568,312 $4,161 Provision for credit losses 71,448 46,794 24,654 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 Service charges on deposits 38,315 37,526 789 Other service fees 98,748 96,863 1,885 Mortgage banking activities 2,670 5,723 -3,053 Other non-interest income 24,349 26,194 -1,845 Total non-interest income $,164,082 $,166,306 $-2,224 Personnel costs ,201,856 ,197,424 4,432 Net occupancy expenses 28,031 27,692 339 Equipment expenses 9,349 9,662 -,313 Professional fees 26,708 37,744 ,-11,036 Technology and software expenses 88,452 79,752 8,700 Processing and transactional services 34,320 39,096 -4,776 Business promotion 25,637 25,449 188 FDIC deposit insurance 10,433 10,581 -,148 Other real estate owned (OREO) income -2,674 -5,750 3,076 Other operating expenses 45,209 47,926 -2,717 Total operating expenses ,467,321 ,469,576 -2,255 Income before income tax ,197,786 ,218,248 ,-20,462 Income tax expense 42,463 40,459 2,004 Net income $,155,323 $,177,789 $,-22,466 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 Q3-2023 BPPR Popular U.S ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,111 $,-25,111 $23,729 Loans Held in Portfolio $10,448 $,-10,448 $10,267 P.R. Government Deposits 19,721.934372140004 ,-19,721.934372140004 17,750 Total Deposits 11,861 ,-11,861 10,302 Total Deposits 54,548 ,-54,548 53,389 Borrowings 327.24803904000004 -,327.24803904000004 398 Borrowings 127.10107768 -,127.10107768 108 Net Interest Margin 2.5999999999999999E-2 -2.6% 2.9000000000000001E-2 Net Interest Margin 3.4000000000000002E-2 -3.4% 3.1399999999999997E-2 Total Deposit Cost 3.4299999999999997E-2 -3.43% 2.843E-2 Total Deposit Cost 1.83E-2 -1.83% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $178 $178 $0 $137 Adjusted Net Income1 178 178 0 137 Net Interest Margin (NIM) 3.2199999999999999E-2 3.2199999999999999E-2 0.000000000000000% 3.0700000000000002E-2 Net Interest Margin FTE2 3.4799999999999998E-2 3.4799999999999998E-2 0.000000000000000% 3.2399999999999998E-2 Total Deposit Costs 2.1000000000000001E-2 2.1000000000000001E-2 0.000000000000000% 1.84E-2 EPS $2.46 $2.46 $0 $1.9 Financial Ratios ROA 9.7000000000000003E-3 9.7000000000000003E-3 0 7.4999999999999997E-3 ROTCE 0.1177 0.1177 0 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $35,592 $35,592 $0 $34,029 Total Assets 72,845 72,845 0 69,737 Total Deposits 65,531 65,531 0 63,338 Borrowings 1,047 1,047 0 1,098 Credit Quality Capital Actions: Non Performing Loans (NPLs) $342 $342 $0 $362 NPL Ratio 9.5999999999999992E-3 9.5999999999999992E-3 0 1.06E-2 NCO Ratio 6.1000000000000004E-3 6.1000000000000004E-3 0 3.8999999999999998E-3 ACL-NPL Ratio 2.14 2.14 0 1.97 Capital Common Equity Tier 1 0.16480031502430226 0.16480031502430226 0 0.1681 Tangible Book Value Per Share $62.71 $62.71 $0 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 Highlights: Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax (benefit) expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 .07% 5.3E-3 5.3E-3 0.000000000000000% Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 .05% 3.8999999999999998E-3 3.8999999999999998E-3 .02% Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 .06% 8.3000000000000001E-3 8.3000000000000001E-3 .08% Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 linea azul claro linea azul obscuro Azul fondo y bordes Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $178 $178 $356 Indirect Exposure $187 $46 $233 Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791 January 2024 Original Guidance October Update Net Interest Income 9%-13% increase for the year 8%-10% increase for the year Non-Interest Income $160-$165 million per quarter Unchanged NCOs 65-85 bps annualized Lower end of the 65-85 bps range Operating Expenses $1.89- $1.95 billion for the year Unchanged Effective Tax Rate 19%-23% for the year 21%-23% for the year Loan Growth 3%-6% for the year Lower end of the 3%-6% range Previous color Previous color fondo (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 -6.9999999999999999E-4 5.3E-3 5.3E-3 0 Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 -5.0000000000000001E-4 3.8999999999999998E-3 3.8999999999999998E-3 -2.0000000000000001E-4 Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 -5.9999999999999995E-4 8.3000000000000001E-3 8.3000000000000001E-3 -8.0000000000000004E-4 Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 Quarterly Results and Variances(unaudited) ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $,572,473 $,568,312 $4,161 $0 $0 $0 Provision for credit losses 71,448 46,794 24,654 $0 $0 $0 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 $0 $0 $0 Service charges on deposits 38,315 37,526 789 $0 $0 $0 Other service fees 98,748 96,863 1,885 $0 $0 $0 Mortgage banking activities 2,670 5,723 -3,053 $0 $0 $0 Other non-interest income 24,349 26,194 -1,845 $0 $0 $0 Total non-interest income $,164,082 $,166,306 $-2,224 $0 $0 $0 Personnel costs ,201,856 ,197,424 4,432 $0 $0 $0 Net occupancy expenses 28,031 27,692 339 $0 $0 $0 Equipment expenses 9,349 9,662 -,313 $0 $0 $0 Professional fees 26,708 37,744 ,-11,036 $0 $0 $0 Technology and software expenses 88,452 79,752 8,700 $0 $0 $0 Processing and transactional services 34,320 39,096 -4,776 $0 $0 $0 Business promotion 25,637 25,449 188 $0 $0 $0 Deposit insurance 10,433 10,581 -,148 $0 $0 $0 Other real estate owned (OREO) income -2,674 -5,750 3,076 $0 $0 $0 Other operating expenses 45,209 47,926 -2,717 $0 $0 $0 Total operating expenses $,467,321 $,469,576 $-2,255 $0 $0 $0 Income before income tax ,197,786 ,218,248 ,-20,462 $0 $0 $0 Income tax expense 42,463 40,459 2,004 $0 $0 $0 Net income $,155,323 $,177,789 $,-22,466 $0 $0 $0 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 $0 $0 $0 ROTCE 9.98E-2 0.1177 -1.79% $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes Highlights: (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $,572,473 $,568,312 $4,161 Provision for credit losses 71,448 46,794 24,654 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 Service charges on deposits 38,315 37,526 789 Other service fees 98,748 96,863 1,885 Mortgage banking activities 2,670 5,723 -3,053 Other non-interest income 24,349 26,194 -1,845 Total non-interest income $,164,082 $,166,306 $-2,224 Personnel costs ,201,856 ,197,424 4,432 Net occupancy expenses 28,031 27,692 339 Equipment expenses 9,349 9,662 -,313 Professional fees 26,708 37,744 ,-11,036 Technology and software expenses 88,452 79,752 8,700 Processing and transactional services 34,320 39,096 -4,776 Business promotion 25,637 25,449 188 FDIC deposit insurance 10,433 10,581 -,148 Other real estate owned (OREO) income -2,674 -5,750 3,076 Other operating expenses 45,209 47,926 -2,717 Total operating expenses ,467,321 ,469,576 -2,255 Income before income tax ,197,786 ,218,248 ,-20,462 Income tax expense 42,463 40,459 2,004 Net income $,155,323 $,177,789 $,-22,466 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 Q3-2023 BPPR Popular U.S ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,111 $,-25,111 $23,729 Loans Held in Portfolio $10,448 $,-10,448 $10,267 P.R. Government Deposits 19,721.934372140004 ,-19,721.934372140004 17,750 Total Deposits 11,861 ,-11,861 10,302 Total Deposits 54,548 ,-54,548 53,389 Borrowings 327.24803904000004 -,327.24803904000004 398 Borrowings 127.10107768 -,127.10107768 108 Net Interest Margin 2.5999999999999999E-2 -2.6% 2.9000000000000001E-2 Net Interest Margin 3.4000000000000002E-2 -3.4% 3.1399999999999997E-2 Total Deposit Cost 3.4299999999999997E-2 -3.43% 2.843E-2 Total Deposit Cost 1.83E-2 -1.83% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $178 $178 $0 $137 Adjusted Net Income1 178 178 0 137 Net Interest Margin (NIM) 3.2199999999999999E-2 3.2199999999999999E-2 0.000000000000000% 3.0700000000000002E-2 Net Interest Margin FTE2 3.4799999999999998E-2 3.4799999999999998E-2 0.000000000000000% 3.2399999999999998E-2 Total Deposit Costs 2.1000000000000001E-2 2.1000000000000001E-2 0.000000000000000% 1.84E-2 EPS $2.46 $2.46 $0 $1.9 Financial Ratios ROA 9.7000000000000003E-3 9.7000000000000003E-3 0 7.4999999999999997E-3 ROTCE 0.1177 0.1177 0 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $35,592 $35,592 $0 $34,029 Total Assets 72,845 72,845 0 69,737 Total Deposits 65,531 65,531 0 63,338 Borrowings 1,047 1,047 0 1,098 Credit Quality Capital Actions: Non Performing Loans (NPLs) $342 $342 $0 $362 NPL Ratio 9.5999999999999992E-3 9.5999999999999992E-3 0 1.06E-2 NCO Ratio 6.1000000000000004E-3 6.1000000000000004E-3 0 3.8999999999999998E-3 ACL-NPL Ratio 2.14 2.14 0 1.97 Capital Common Equity Tier 1 0.16480031502430226 0.16480031502430226 0 0.1681 Tangible Book Value Per Share $62.71 $62.71 $0 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 Highlights: Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax (benefit) expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 .07% 5.3E-3 5.3E-3 0.000000000000000% Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 .05% 3.8999999999999998E-3 3.8999999999999998E-3 .02% Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 .06% 8.3000000000000001E-3 8.3000000000000001E-3 .08% Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 linea azul claro linea azul obscuro Azul fondo y bordes Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $178 $178 $356 Indirect Exposure $187 $46 $233 Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791

Quarter Highlights: Total earning assets decreased by $1.2 billion: $1.8 billion lower money market and investment securities, partially offset by $603 million higher loan balances Money market and investment securities represent 47% of earning assets $1.9 billion lower deposit balances Net interest margin increased 2 bps to 3.24% FTE2 net interest margin of 3.47%, a decrease of 1 bp Earning assets yield FTE2 increased by 4 bps, driven by loan portfolio growth FTE loan yield increased 4 bps to 7.56% Total deposit costs increased 6 bps to 2.16% 6 Net Interest Margin Dynamics See footnotes on slide 13 Differences due to rounding

Capital Note: Current period ratios are estimated See footnotes on slide 13 Quarter Highlights: Leverage ratio increased 14 bps to 8.67%; ratio impacted by a high proportion of zero-risk weighted assets on the balance sheet, which represented 40% of total assets Common Equity Tier 1 of 16.48%, decreased 6 bps TCE ratio1 at 7.03% compared to 6.30% in Q2 2024; Tangible book value per share at $69.04 compared to $62.71 in Q2 2024 Return on average tangible common equity approximately 10.0% Repurchased 599,096 shares of common stock at an average price of $98.11

Non-Performing Assets Differences due to rounding Quarter Highlights: Non-Performing Loans (NPLs) increased $19 million: NPLs inflows decreased $7 million BPPR NPLs increased $2 million to $289 million, or 1.1% of loans Popular U.S. NPLs increased $18 million to $73 million, or 0.7% of loans, driven by a single $17 million mortgage loan Non-Performing Assets (NPAs) increased $12 million OREO assets decreased $7 million

NCOs and Allowance for Credit Losses Differences due to rounding Allowance for Credit Losses ($ in millions) NCOs and NCO-to-Loans Ratio ($ in millions) Quarter Highlights: NCO ratio increased 4 bps to 0.65% NCOs increased $5 million to $59 million BPPR NCOs increased $5 million to $55 million: Consumer increased $9 million Commercial decreased $2 million Construction decreased $1 million Popular U.S. NCOs flat QoQ ACL at $744 million, increased $14 million ACL-to-Loans ratio at 2.06% vs. 2.05% ACL-to-NPLs at 206% vs. 214% Consumer NCOs by Segment ($ in millions) January 2024 Original Guidance October Update Net Interest Income 9%-13% increase for the year 8%-10% increase for the year Non-Interest Income $160-$165 million per quarter Unchanged NCOs 65-85 bps annualized Lower end of the 65-85 bps range Operating Expenses $1.89- $1.95 billion for the year Unchanged Effective Tax Rate 19%-23% for the year 21%-23% for the year Loan Growth 3%-6% for the year Lower end of the 3%-6% range Previous color Previous color fondo (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $,572,473 $,568,312 $4,161 Provision for credit losses 71,448 46,794 24,654 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 Service charges on deposits 38,315 37,526 789 Other service fees 98,748 96,863 1,885 Mortgage banking activities 2,670 5,723 -3,053 Other non-interest income 24,349 26,194 -1,845 Total non-interest income $,164,082 $,166,306 $-2,224 Personnel costs ,201,856 ,197,424 4,432 Net occupancy expenses 28,031 27,692 339 Equipment expenses 9,349 9,662 -,313 Professional fees 26,708 37,744 ,-11,036 Technology and software expenses 88,452 79,752 8,700 Processing and transactional services 34,320 39,096 -4,776 Business promotion 25,637 25,449 188 FDIC deposit insurance 10,433 10,581 -,148 Other real estate owned (OREO) income -2,674 -5,750 3,076 Other operating expenses 45,209 47,926 -2,717 Total operating expenses ,467,321 ,469,576 -2,255 Income before income tax ,197,786 ,218,248 ,-20,462 Income tax expense 42,463 40,459 2,004 Net income $,155,323 $,177,789 $,-22,466 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 Unaudited ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $,572,473 $,568,312 $4,161 $0 $0 $0 Provision for credit losses 71,448 46,794 24,654 $0 $0 $0 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 $0 $0 $0 Service charges on deposits 38,315 37,526 789 $0 $0 $0 Other service fees 98,748 96,863 1,885 $0 $0 $0 Mortgage banking activities 2,670 5,723 -3,053 $0 $0 $0 Other non-interest income 24,349 26,194 -1,845 $0 $0 $0 Total non-interest income $,164,082 $,166,306 $-2,224 $0 $0 $0 Personnel costs ,201,856 ,197,424 4,432 $0 $0 $0 Net occupancy expenses 28,031 27,692 339 $0 $0 $0 Equipment expenses 9,349 9,662 -,313 $0 $0 $0 Professional fees 26,708 37,744 ,-11,036 $0 $0 $0 Technology and software expenses 88,452 79,752 8,700 $0 $0 $0 Processing and transactional services 34,320 39,096 -4,776 $0 $0 $0 Business promotion 25,637 25,449 188 $0 $0 $0 FDIC deposit insurance 10,433 10,581 -,148 $0 $0 $0 Other real estate owned (OREO) income -2,674 -5,750 3,076 $0 $0 $0 Other operating expenses 45,209 47,926 -2,717 $0 $0 $0 Total operating expenses $,467,321 $,469,576 $-2,255 $0 $0 $0 Income before income tax ,197,786 ,218,248 ,-20,462 $0 $0 $0 Income tax expense 42,463 40,459 2,004 $0 $0 $0 Net income $,155,323 $,177,789 $,-22,466 $0 $0 $0 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 $0 $0 $0 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes Highlights: Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Q3-2023 BPPR Popular U.S ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,111 $,-25,111 $23,729 Loans Held in Portfolio $10,448 $,-10,448 $10,267 P.R. Government Deposits 19,721.934372140004 ,-19,721.934372140004 17,750 Total Deposits 11,861 ,-11,861 10,302 Total Deposits 54,548 ,-54,548 53,389 Borrowings 327.24803904000004 -,327.24803904000004 398 Borrowings 127.10107768 -,127.10107768 108 Net Interest Margin 2.5999999999999999E-2 -2.6% 2.9000000000000001E-2 Net Interest Margin 3.4000000000000002E-2 -3.4% 3.1399999999999997E-2 Total Deposit Cost 3.4299999999999997E-2 -3.43% 2.843E-2 Total Deposit Cost 1.83E-2 -1.83% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $178 $178 $0 $137 Adjusted Net Income1 178 178 0 137 Net Interest Margin (NIM) 3.2199999999999999E-2 3.2199999999999999E-2 0.000000000000000% 3.0700000000000002E-2 Net Interest Margin FTE2 3.4799999999999998E-2 3.4799999999999998E-2 0.000000000000000% 3.2399999999999998E-2 Total Deposit Costs 2.1000000000000001E-2 2.1000000000000001E-2 0.000000000000000% 1.84E-2 EPS $2.46 $2.46 $0 $1.9 Financial Ratios ROA 9.7000000000000003E-3 9.7000000000000003E-3 0 7.4999999999999997E-3 ROTCE 0.1177 0.1177 0 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $35,592 $35,592 $0 $34,029 Total Assets 72,845 72,845 0 69,737 Total Deposits 65,531 65,531 0 63,338 Borrowings 1,047 1,047 0 1,098 Credit Quality Capital Actions: Non Performing Loans (NPLs) $342 $342 $0 $362 NPL Ratio 9.5999999999999992E-3 9.5999999999999992E-3 0 1.06E-2 NCO Ratio 6.1000000000000004E-3 6.1000000000000004E-3 0 3.8999999999999998E-3 ACL-NPL Ratio 2.14 2.14 0 1.97 Capital Common Equity Tier 1 0.16480031502430226 0.16480031502430226 0 0.1681 Tangible Book Value Per Share $62.71 $62.71 $0 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 Highlights: Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791 Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $178 $178 $356 Indirect Exposure $187 $46 $233 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax (benefit) expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 .07% 5.3E-3 5.3E-3 0.000000000000000% Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 .05% 3.8999999999999998E-3 3.8999999999999998E-3 .02% Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 .06% 8.3000000000000001E-3 8.3000000000000001E-3 .08% Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 linea azul claro linea azul obscuro Azul fondo y bordes Portfolios Balance Reserve Build Balance Reserve Build Balance ACL/Loan Q4 2023 (Release) Q2 2024 (Release) Q3 2024 Q3 2024 Commercial $271 $2 $273 $7 $279 1.46E-2 Mortgage 83 0 83 -1 82 1.0200000000000001E-2 Leases 10 4 14 2 16 8.3999999999999995E-3 Consumer: 365 -7 358 9 367 5.16E-2 Credit Cards 80 6 86 7 93 7.8100000000000003E-2 Personal Loans 120 -11 109 -3 106 5.4800000000000001E-2 Auto 158 -1 157 5 161 4.2299999999999997E-2 Other 7 -1 6 0 7 3.73E-2 Total ACL $729 $-1 $728 $17 $744 2.06E-2 (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 -6.9999999999999999E-4 5.3E-3 5.3E-3 0 Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 -5.0000000000000001E-4 3.8999999999999998E-3 3.8999999999999998E-3 -2.0000000000000001E-4 Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 -5.9999999999999995E-4 8.3000000000000001E-3 8.3000000000000001E-3 -8.0000000000000004E-4 Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 January 2024 Original Guidance October Update Net Interest Income 9%-13% increase for the year 8%-10% increase for the year Non-Interest Income $160-$165 million per quarter Unchanged NCOs 65-85 bps annualized Lower end of the 65-85 bps range Operating Expenses $1.89- $1.95 billion for the year Unchanged Effective Tax Rate 19%-23% for the year 21%-23% for the year Loan Growth 3%-6% for the year Lower end of the 3%-6% range Previous color Previous color fondo (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $,572,473 $,568,312 $4,161 Provision for credit losses 71,448 46,794 24,654 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 Service charges on deposits 38,315 37,526 789 Other service fees 98,748 96,863 1,885 Mortgage banking activities 2,670 5,723 -3,053 Other non-interest income 24,349 26,194 -1,845 Total non-interest income $,164,082 $,166,306 $-2,224 Personnel costs ,201,856 ,197,424 4,432 Net occupancy expenses 28,031 27,692 339 Equipment expenses 9,349 9,662 -,313 Professional fees 26,708 37,744 ,-11,036 Technology and software expenses 88,452 79,752 8,700 Processing and transactional services 34,320 39,096 -4,776 Business promotion 25,637 25,449 188 FDIC deposit insurance 10,433 10,581 -,148 Other real estate owned (OREO) income -2,674 -5,750 3,076 Other operating expenses 45,209 47,926 -2,717 Total operating expenses ,467,321 ,469,576 -2,255 Income before income tax ,197,786 ,218,248 ,-20,462 Income tax expense 42,463 40,459 2,004 Net income $,155,323 $,177,789 $,-22,466 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 Unaudited ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $,572,473 $,568,312 $4,161 $0 $0 $0 Provision for credit losses 71,448 46,794 24,654 $0 $0 $0 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 $0 $0 $0 Service charges on deposits 38,315 37,526 789 $0 $0 $0 Other service fees 98,748 96,863 1,885 $0 $0 $0 Mortgage banking activities 2,670 5,723 -3,053 $0 $0 $0 Other non-interest income 24,349 26,194 -1,845 $0 $0 $0 Total non-interest income $,164,082 $,166,306 $-2,224 $0 $0 $0 Personnel costs ,201,856 ,197,424 4,432 $0 $0 $0 Net occupancy expenses 28,031 27,692 339 $0 $0 $0 Equipment expenses 9,349 9,662 -,313 $0 $0 $0 Professional fees 26,708 37,744 ,-11,036 $0 $0 $0 Technology and software expenses 88,452 79,752 8,700 $0 $0 $0 Processing and transactional services 34,320 39,096 -4,776 $0 $0 $0 Business promotion 25,637 25,449 188 $0 $0 $0 FDIC deposit insurance 10,433 10,581 -,148 $0 $0 $0 Other real estate owned (OREO) income -2,674 -5,750 3,076 $0 $0 $0 Other operating expenses 45,209 47,926 -2,717 $0 $0 $0 Total operating expenses $,467,321 $,469,576 $-2,255 $0 $0 $0 Income before income tax ,197,786 ,218,248 ,-20,462 $0 $0 $0 Income tax expense 42,463 40,459 2,004 $0 $0 $0 Net income $,155,323 $,177,789 $,-22,466 $0 $0 $0 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 $0 $0 $0 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes Highlights: Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Q3-2023 BPPR Popular U.S ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,111 $,-25,111 $23,729 Loans Held in Portfolio $10,448 $,-10,448 $10,267 P.R. Government Deposits 19,721.934372140004 ,-19,721.934372140004 17,750 Total Deposits 11,861 ,-11,861 10,302 Total Deposits 54,548 ,-54,548 53,389 Borrowings 327.24803904000004 -,327.24803904000004 398 Borrowings 127.10107768 -,127.10107768 108 Net Interest Margin 2.5999999999999999E-2 -2.6% 2.9000000000000001E-2 Net Interest Margin 3.4000000000000002E-2 -3.4% 3.1399999999999997E-2 Total Deposit Cost 3.4299999999999997E-2 -3.43% 2.843E-2 Total Deposit Cost 1.83E-2 -1.83% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $178 $178 $0 $137 Adjusted Net Income1 178 178 0 137 Net Interest Margin (NIM) 3.2199999999999999E-2 3.2199999999999999E-2 0.000000000000000% 3.0700000000000002E-2 Net Interest Margin FTE2 3.4799999999999998E-2 3.4799999999999998E-2 0.000000000000000% 3.2399999999999998E-2 Total Deposit Costs 2.1000000000000001E-2 2.1000000000000001E-2 0.000000000000000% 1.84E-2 EPS $2.46 $2.46 $0 $1.9 Financial Ratios ROA 9.7000000000000003E-3 9.7000000000000003E-3 0 7.4999999999999997E-3 ROTCE 0.1177 0.1177 0 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $35,592 $35,592 $0 $34,029 Total Assets 72,845 72,845 0 69,737 Total Deposits 65,531 65,531 0 63,338 Borrowings 1,047 1,047 0 1,098 Credit Quality Capital Actions: Non Performing Loans (NPLs) $342 $342 $0 $362 NPL Ratio 9.5999999999999992E-3 9.5999999999999992E-3 0 1.06E-2 NCO Ratio 6.1000000000000004E-3 6.1000000000000004E-3 0 3.8999999999999998E-3 ACL-NPL Ratio 2.14 2.14 0 1.97 Capital Common Equity Tier 1 0.16480031502430226 0.16480031502430226 0 0.1681 Tangible Book Value Per Share $62.71 $62.71 $0 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 Highlights: Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791 Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $178 $178 $356 Indirect Exposure $187 $46 $233 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax (benefit) expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 .07% 5.3E-3 5.3E-3 0.000000000000000% Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 .05% 3.8999999999999998E-3 3.8999999999999998E-3 .02% Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 .06% 8.3000000000000001E-3 8.3000000000000001E-3 .08% Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 linea azul claro linea azul obscuro Azul fondo y bordes Portfolios Balance Reserve Build Balance Reserve Build Balance ACL/Loan Q4 2023 (Release) Q2 2024 (Release) Q3 2024 Q3 2024 Commercial $271 $2 $273 $7 $279 1.46E-2 Mortgage 83 0 83 -1 82 1.0200000000000001E-2 Leases 10 4 14 2 16 8.3999999999999995E-3 Consumer: 365 -7 358 9 367 5.16E-2 Credit Cards 80 6 86 7 93 7.8100000000000003E-2 Personal Loans 120 -11 109 -3 106 5.4800000000000001E-2 Auto 158 -1 157 5 161 4.2299999999999997E-2 Other 7 -1 6 0 7 3.73E-2 Total ACL $729 $-1 $728 $17 $744 2.06E-2 (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 -6.9999999999999999E-4 5.3E-3 5.3E-3 0 Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 -5.0000000000000001E-4 3.8999999999999998E-3 3.8999999999999998E-3 -2.0000000000000001E-4 Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 -5.9999999999999995E-4 8.3000000000000001E-3 8.3000000000000001E-3 -8.0000000000000004E-4 Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4

ACL Movement: Moody’s economic scenario shows a deceleration in P.R. economic activity during 2024, in part driven by a reduction in the P.R. Economic Activity Index1 Economic scenario variance in the ACL mainly driven by changes in the P.R. home price index Commercial portfolio changes driven by loan growth Consumer portfolio ACL variance reflects the impact of recent loss history Economic Scenarios: Baseline scenario assigned the highest probability, followed by the S3 (pessimistic) scenario 2024 annualized GDP growth (baseline): P.R decreased to (0.90%) from 0.57% U.S. increased to 2.57% from 2.53% 2024 forecasted average unemployment rate (baseline): P.R. and U.S. remained consistent with previous forecast at 5.84% and 4.03%, respectively 10 Allowance for Credit Losses – Q3 2024 ACL Movement ($ in millions) Q2 2024 ACL NCOs Economic Scenarios Qualitative Reserves Commercial Portfolio Changes Consumer Portfolios Changes Q3 2024 ACL See footnotes on slide 13

Franchise Market leader in Puerto Rico Substantial liquidity with diversified deposit base Well-positioned to take advantage of ongoing economic growth Focused on customer service supported by broad branch network Differentiated omnichannel experience Diversified fee income Strong risk-adjusted loan margins driven by a well-diversified portfolio Mainland U.S. banking operation provides geographic diversification Commercial led strategy directed at small and medium sized businesses National niche banking focused on homeowners’ associations, healthcare and non-profit organizations Branch footprint in South Florida and New York Metro Transformation Broad-based multi-year, digital, technological and business process transformation Implement more agile and efficient business processes across the entire company Unlock opportunity for growth in our primary market and within our existing customer base 11 Driving Value

2024 Results Guidance January 2024 Original Guidance October 2024 Guidance Net Interest Income 9%-13% increase for the year 1.5%-2% increase in the fourth quarter of 2024;6%-7% increase for the year Non-Interest Income $160-$165 million per quarter $160-$165 million per quarter NCOs 65-85 bps annualized At the low end of the 65-85 bps annualized range Operating Expenses $1.89- $1.95 billion for the year Approximately $1.91 billion for the year Effective Tax Rate 19%-23% for the year 23% for the year Loan Growth 3%-6% for the year Approximately 4% for the year Previous color Previous color fondo (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $,572,473 $,568,312 $4,161 Provision for credit losses 71,448 46,794 24,654 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 Service charges on deposits 38,315 37,526 789 Other service fees 98,748 96,863 1,885 Mortgage banking activities 2,670 5,723 -3,053 Other non-interest income 24,349 26,194 -1,845 Total non-interest income $,164,082 $,166,306 $-2,224 Personnel costs ,201,856 ,197,424 4,432 Net occupancy expenses 28,031 27,692 339 Equipment expenses 9,349 9,662 -,313 Professional fees 26,708 37,744 ,-11,036 Technology and software expenses 88,452 79,752 8,700 Processing and transactional services 34,320 39,096 -4,776 Business promotion 25,637 25,449 188 FDIC deposit insurance 10,433 10,581 -,148 Other real estate owned (OREO) income -2,674 -5,750 3,076 Other operating expenses 45,209 47,926 -2,717 Total operating expenses ,467,321 ,469,576 -2,255 Income before income tax ,197,786 ,218,248 ,-20,462 Income tax expense 42,463 40,459 2,004 Net income $,155,323 $,177,789 $,-22,466 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 Unaudited ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $,572,473 $,568,312 $4,161 $0 $0 $0 Provision for credit losses 71,448 46,794 24,654 $0 $0 $0 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 $0 $0 $0 Service charges on deposits 38,315 37,526 789 $0 $0 $0 Other service fees 98,748 96,863 1,885 $0 $0 $0 Mortgage banking activities 2,670 5,723 -3,053 $0 $0 $0 Other non-interest income 24,349 26,194 -1,845 $0 $0 $0 Total non-interest income $,164,082 $,166,306 $-2,224 $0 $0 $0 Personnel costs ,201,856 ,197,424 4,432 $0 $0 $0 Net occupancy expenses 28,031 27,692 339 $0 $0 $0 Equipment expenses 9,349 9,662 -,313 $0 $0 $0 Professional fees 26,708 37,744 ,-11,036 $0 $0 $0 Technology and software expenses 88,452 79,752 8,700 $0 $0 $0 Processing and transactional services 34,320 39,096 -4,776 $0 $0 $0 Business promotion 25,637 25,449 188 $0 $0 $0 FDIC deposit insurance 10,433 10,581 -,148 $0 $0 $0 Other real estate owned (OREO) income -2,674 -5,750 3,076 $0 $0 $0 Other operating expenses 45,209 47,926 -2,717 $0 $0 $0 Total operating expenses $,467,321 $,469,576 $-2,255 $0 $0 $0 Income before income tax ,197,786 ,218,248 ,-20,462 $0 $0 $0 Income tax expense 42,463 40,459 2,004 $0 $0 $0 Net income $,155,323 $,177,789 $,-22,466 $0 $0 $0 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 $0 $0 $0 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes Highlights: Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Q3-2023 BPPR Popular U.S ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,111 $,-25,111 $23,729 Loans Held in Portfolio $10,448 $,-10,448 $10,267 P.R. Government Deposits 19,721.934372140004 ,-19,721.934372140004 17,750 Total Deposits 11,861 ,-11,861 10,302 Total Deposits 54,548 ,-54,548 53,389 Borrowings 327.24803904000004 -,327.24803904000004 398 Borrowings 127.10107768 -,127.10107768 108 Net Interest Margin 2.5999999999999999E-2 -2.6% 2.9000000000000001E-2 Net Interest Margin 3.4000000000000002E-2 -3.4% 3.1399999999999997E-2 Total Deposit Cost 3.4299999999999997E-2 -3.43% 2.843E-2 Total Deposit Cost 1.83E-2 -1.83% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $178 $178 $0 $137 Adjusted Net Income1 178 178 0 137 Net Interest Margin (NIM) 3.2199999999999999E-2 3.2199999999999999E-2 0.000000000000000% 3.0700000000000002E-2 Net Interest Margin FTE2 3.4799999999999998E-2 3.4799999999999998E-2 0.000000000000000% 3.2399999999999998E-2 Total Deposit Costs 2.1000000000000001E-2 2.1000000000000001E-2 0.000000000000000% 1.84E-2 EPS $2.46 $2.46 $0 $1.9 Financial Ratios ROA 9.7000000000000003E-3 9.7000000000000003E-3 0 7.4999999999999997E-3 ROTCE 0.1177 0.1177 0 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $35,592 $35,592 $0 $34,029 Total Assets 72,845 72,845 0 69,737 Total Deposits 65,531 65,531 0 63,338 Borrowings 1,047 1,047 0 1,098 Credit Quality Capital Actions: Non Performing Loans (NPLs) $342 $342 $0 $362 NPL Ratio 9.5999999999999992E-3 9.5999999999999992E-3 0 1.06E-2 NCO Ratio 6.1000000000000004E-3 6.1000000000000004E-3 0 3.8999999999999998E-3 ACL-NPL Ratio 2.14 2.14 0 1.97 Capital Common Equity Tier 1 0.16480031502430226 0.16480031502430226 0 0.1681 Tangible Book Value Per Share $62.71 $62.71 $0 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 Highlights: Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791 Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $178 $178 $356 Indirect Exposure $187 $46 $233 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax (benefit) expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 .07% 5.3E-3 5.3E-3 0.000000000000000% Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 .05% 3.8999999999999998E-3 3.8999999999999998E-3 .02% Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 .06% 8.3000000000000001E-3 8.3000000000000001E-3 .08% Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 linea azul claro linea azul obscuro Azul fondo y bordes Portfolios Balance Reserve Build Balance Reserve Build Balance ACL/Loan Q4 2024 (Release) Q2 2024 (Release) Q3 2024 Q3 2024 Commercial $271 $2 $273 $7 $279 1.46E-2 Mortgage 83 0 83 -1 82 1.0200000000000001E-2 Leases 10 4 14 2 16 8.3999999999999995E-3 Consumer: 365 -7 358 9 367 5.16E-2 Credit Cards 80 6 86 7 93 7.8100000000000003E-2 Personal Loans 120 -11 109 -3 106 5.4800000000000001E-2 Auto 158 -1 157 5 161 4.2299999999999997E-2 Other 7 -1 6 0 7 3.73E-2 Total ACL $729 $-1 $728 $17 $744 2.06E-2 (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 -6.9999999999999999E-4 5.3E-3 5.3E-3 0 Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 -5.0000000000000001E-4 3.8999999999999998E-3 3.8999999999999998E-3 -2.0000000000000001E-4 Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 -5.9999999999999995E-4 8.3000000000000001E-3 8.3000000000000001E-3 -8.0000000000000004E-4 Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 January 2024 Original Guidance October 2024 Guidance Net Interest Income 9%-13% increase for the year 1.5%-2% increase in the fourth quarter of 2024;6%-7% increase for the year Non-Interest Income $160-$165 million per quarter $160-$165 million per quarter NCOs 65-85 bps annualized At the low end of the 65-85 bps annualized range Operating Expenses $1.89- $1.95 billion for the year Approximately $1.91 billion for the year Effective Tax Rate 19%-23% for the year 23% for the year Loan Growth 3%-6% for the year Approximately 4% for the year Previous color Previous color fondo (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $,572,473 $,568,312 $4,161 Provision for credit losses 71,448 46,794 24,654 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 Service charges on deposits 38,315 37,526 789 Other service fees 98,748 96,863 1,885 Mortgage banking activities 2,670 5,723 -3,053 Other non-interest income 24,349 26,194 -1,845 Total non-interest income $,164,082 $,166,306 $-2,224 Personnel costs ,201,856 ,197,424 4,432 Net occupancy expenses 28,031 27,692 339 Equipment expenses 9,349 9,662 -,313 Professional fees 26,708 37,744 ,-11,036 Technology and software expenses 88,452 79,752 8,700 Processing and transactional services 34,320 39,096 -4,776 Business promotion 25,637 25,449 188 FDIC deposit insurance 10,433 10,581 -,148 Other real estate owned (OREO) income -2,674 -5,750 3,076 Other operating expenses 45,209 47,926 -2,717 Total operating expenses ,467,321 ,469,576 -2,255 Income before income tax ,197,786 ,218,248 ,-20,462 Income tax expense 42,463 40,459 2,004 Net income $,155,323 $,177,789 $,-22,466 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 Unaudited ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $,572,473 $,568,312 $4,161 $0 $0 $0 Provision for credit losses 71,448 46,794 24,654 $0 $0 $0 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 $0 $0 $0 Service charges on deposits 38,315 37,526 789 $0 $0 $0 Other service fees 98,748 96,863 1,885 $0 $0 $0 Mortgage banking activities 2,670 5,723 -3,053 $0 $0 $0 Other non-interest income 24,349 26,194 -1,845 $0 $0 $0 Total non-interest income $,164,082 $,166,306 $-2,224 $0 $0 $0 Personnel costs ,201,856 ,197,424 4,432 $0 $0 $0 Net occupancy expenses 28,031 27,692 339 $0 $0 $0 Equipment expenses 9,349 9,662 -,313 $0 $0 $0 Professional fees 26,708 37,744 ,-11,036 $0 $0 $0 Technology and software expenses 88,452 79,752 8,700 $0 $0 $0 Processing and transactional services 34,320 39,096 -4,776 $0 $0 $0 Business promotion 25,637 25,449 188 $0 $0 $0 FDIC deposit insurance 10,433 10,581 -,148 $0 $0 $0 Other real estate owned (OREO) income -2,674 -5,750 3,076 $0 $0 $0 Other operating expenses 45,209 47,926 -2,717 $0 $0 $0 Total operating expenses $,467,321 $,469,576 $-2,255 $0 $0 $0 Income before income tax ,197,786 ,218,248 ,-20,462 $0 $0 $0 Income tax expense 42,463 40,459 2,004 $0 $0 $0 Net income $,155,323 $,177,789 $,-22,466 $0 $0 $0 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 $0 $0 $0 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes Highlights: Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Q3-2023 BPPR Popular U.S ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,111 $,-25,111 $23,729 Loans Held in Portfolio $10,448 $,-10,448 $10,267 P.R. Government Deposits 19,721.934372140004 ,-19,721.934372140004 17,750 Total Deposits 11,861 ,-11,861 10,302 Total Deposits 54,548 ,-54,548 53,389 Borrowings 327.24803904000004 -,327.24803904000004 398 Borrowings 127.10107768 -,127.10107768 108 Net Interest Margin 2.5999999999999999E-2 -2.6% 2.9000000000000001E-2 Net Interest Margin 3.4000000000000002E-2 -3.4% 3.1399999999999997E-2 Total Deposit Cost 3.4299999999999997E-2 -3.43% 2.843E-2 Total Deposit Cost 1.83E-2 -1.83% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $178 $178 $0 $137 Adjusted Net Income1 178 178 0 137 Net Interest Margin (NIM) 3.2199999999999999E-2 3.2199999999999999E-2 0.000000000000000% 3.0700000000000002E-2 Net Interest Margin FTE2 3.4799999999999998E-2 3.4799999999999998E-2 0.000000000000000% 3.2399999999999998E-2 Total Deposit Costs 2.1000000000000001E-2 2.1000000000000001E-2 0.000000000000000% 1.84E-2 EPS $2.46 $2.46 $0 $1.9 Financial Ratios ROA 9.7000000000000003E-3 9.7000000000000003E-3 0 7.4999999999999997E-3 ROTCE 0.1177 0.1177 0 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $35,592 $35,592 $0 $34,029 Total Assets 72,845 72,845 0 69,737 Total Deposits 65,531 65,531 0 63,338 Borrowings 1,047 1,047 0 1,098 Credit Quality Capital Actions: Non Performing Loans (NPLs) $342 $342 $0 $362 NPL Ratio 9.5999999999999992E-3 9.5999999999999992E-3 0 1.06E-2 NCO Ratio 6.1000000000000004E-3 6.1000000000000004E-3 0 3.8999999999999998E-3 ACL-NPL Ratio 2.14 2.14 0 1.97 Capital Common Equity Tier 1 0.16480031502430226 0.16480031502430226 0 0.1681 Tangible Book Value Per Share $62.71 $62.71 $0 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 Highlights: Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791 Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $178 $178 $356 Indirect Exposure $187 $46 $233 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax (benefit) expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 .07% 5.3E-3 5.3E-3 0.000000000000000% Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 .05% 3.8999999999999998E-3 3.8999999999999998E-3 .02% Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 .06% 8.3000000000000001E-3 8.3000000000000001E-3 .08% Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 linea azul claro linea azul obscuro Azul fondo y bordes Portfolios Balance Reserve Build Balance Reserve Build Balance ACL/Loan Q4 2024 (Release) Q2 2024 (Release) Q3 2024 Q3 2024 Commercial $271 $2 $273 $7 $279 1.46E-2 Mortgage 83 0 83 -1 82 1.0200000000000001E-2 Leases 10 4 14 2 16 8.3999999999999995E-3 Consumer: 365 -7 358 9 367 5.16E-2 Credit Cards 80 6 86 7 93 7.8100000000000003E-2 Personal Loans 120 -11 109 -3 106 5.4800000000000001E-2 Auto 158 -1 157 5 161 4.2299999999999997E-2 Other 7 -1 6 0 7 3.73E-2 Total ACL $729 $-1 $728 $17 $744 2.06E-2 (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 -6.9999999999999999E-4 5.3E-3 5.3E-3 0 Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 -5.0000000000000001E-4 3.8999999999999998E-3 3.8999999999999998E-3 -2.0000000000000001E-4 Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 -5.9999999999999995E-4 8.3000000000000001E-3 8.3000000000000001E-3 -8.0000000000000004E-4 Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4

Footnotes Slide 3: (1) Fully taxable equivalent (“FTE”) net interest margin represents a non-GAAP financial measure. See the Corporation's earnings press release, Form 10-Q and Form 10-K filed with the U.S. Securities and Exchange Commission for the applicable periods for a GAAP to non-GAAP reconciliation. Slide 6: Balances are as of end of period. Fully taxable equivalent (“FTE”) net interest margin represents a non-GAAP financial measure. See the Corporation's earnings press release, Form 10-Q and Form 10-K filed with the U.S. Securities and Exchange Commission for the applicable periods for a GAAP to non-GAAP reconciliation. Slide 7: TCE ratio is defined as the ratio of tangible common equity to tangible assets. Slide 10: (1) P.R. Economic Activity Index published by the Economic Development Bank of Puerto Rico.

Investor Presentation Third Quarter 2024 Appendix

Earnings Summary Corporate Structure Franchise Earnings Assets = $57 billion Assets = $14 billion Puerto Rico Operations Selected equity investments: Banco BHD León under Corporate segment Dominican Republic bank 15.84% stake 2023 net income of $227 million Industry Financial Services Headquarters San Juan, Puerto Rico Assets $71 billion (among top 50 BHCs in the U.S.) Loans $36 billion Deposits $64 billion Banking branches 153 in Puerto Rico, 40 in the U.S. (28 in New York and New Jersey and 12 in Florida) and 9 in the U.S. and British Virgin Islands NASDAQ ticker symbol BPOP Market Cap $7.2 billion Assets = $71 billion United States Operations Corporate Structure Information as of September 30, 2024 ¹ Doing business as Popular

Q3 2024 vs Q2 2024 Business Segments Differences due to rounding January 2024 Original Guidance October Update Net Interest Income 9%-13% increase for the year 8%-10% increase for the year Non-Interest Income $160-$165 million per quarter Unchanged NCOs 65-85 bps annualized Lower end of the 65-85 bps range Operating Expenses $1.89- $1.95 billion for the year Unchanged Effective Tax Rate 19%-23% for the year 21%-23% for the year Loan Growth 3%-6% for the year Lower end of the 3%-6% range Previous color Previous color fondo (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $488 $489 $-1 $93 $86 $7 Provision for credit losses 78 51 27 -6 -3 -3 Net interest income after provision for credit losses 410 438 -28 99 89 10 Non-interest income 149 153 -4 7 6 1 Operating expenses 403 400 3 65 69 -4 Income before income tax 156 191 -35 41 26 15 Income tax expense 30 34 -4 12 8 4 Net income $126 $157 $-31 $29 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $56,907 $58,466 $-1,559 $14,306 $14,288 $18 Total loans HIP 25,694 25,111 583 10,469 10,448 21 Total deposits 52,701 54,548 -1,847 11,891 11,861 30 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.12E-2 1.14E-2 -2.0000000000000052E-4 6.8999999999999999E-3 5.3E-3 1.5999999999999999E-3 Non-performing assets / Total assets 6.1999999999999998E-3 6.1000000000000004E-3 9.9999999999999395E-5 5.1000000000000004E-3 3.8999999999999998E-3 1.2000000000000005E-3 Allowance for credit losses / Total loans (HIP) 2.5899999999999999E-2 2.5600000000000001E-2 2.9999999999999818E-4 7.4999999999999997E-3 8.3000000000000001E-3 -8.0000000000000036E-4 Net interest margin 3.4099999999999998E-2 3.4000000000000002E-2 9.9999999999995925E-5 2.7300000000000001E-2 2.5999999999999999E-2 1.3000000000000025E-3 Unaudited ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $200 $,568,312 $17,568 $0 $0 $0 Provision for credit losses ,106,512 46,794 ,-25,804 $0 $0 $0 Net interest income after provision for credit losses $0 $,521,518 $86,744 $0 $0 $,-43,372 Service charges on deposits 0 37,526 84 $0 $0 $0 Other service fees ,112,154 96,863 2,591 $0 $0 $0 Mortgage banking activities 0 5,723 1,363 $0 $0 $0 Other non-interest income 0 26,194 -1,550 $0 $0 $0 Total non-interest income $0 $,166,306 $2,488 $0 $0 $0 Personnel costs 0 ,197,424 ,-17,953 $0 $0 $0 Net occupancy expenses ,534,564 27,692 -,349 $0 $0 $0 Equipment expenses 0 9,662 95 $0 $0 $0 Professional fees 0 37,744 8,826 $0 $0 $0 Technology and software expenses 0 79,752 290 $0 $0 $0 Processing and transactional services 0 39,096 4,902 $0 $0 $0 Business promotion 0 25,449 4,460 $0 $0 $0 FDIC deposit insurance 0 10,581 ,-13,306 $0 $0 $0 Other real estate owned (OREO) income 0 -5,750 -,429 $0 $0 $0 Other operating expenses 0 47,926 -73 $0 $0 $0 Total operating expenses $,435,456 $,469,576 $,-13,537 $0 $0 $0 Income before income tax 56,455,454 ,218,248 59,397 $0 $0 $0 Income tax expense 44 40,459 ,-15,109 $0 $0 $0 Net income $5,465,646 $,177,789 $74,506 $0 $0 $0 EPS $0 $2.4700000000000002 $1.0400000000000003 $0 $0 $0 ROTCE 0.10249999999999999 0.1177 4.87E-2 $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes Highlights: (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $200 $,568,312 $17,568 Provision for credit losses ,106,512 46,794 ,-25,804 Net interest income after provision for credit losses $,521,518 $43,372 Service charges on deposits 37,526 84 Other service fees ,112,154 96,863 2,591 Mortgage banking activities 5,723 1,363 Other non-interest income 26,194 -1,550 Total non-interest income $,166,306 $2,488 Personnel costs ,197,424 ,-17,953 Net occupancy expenses ,534,564 27,692 -,349 Equipment expenses 9,662 95 Professional fees 37,744 8,826 Technology and software expenses 79,752 290 Processing and transactional services 39,096 4,902 Business promotion 25,449 4,460 FDIC deposit insurance 10,581 ,-13,306 Other real estate owned (OREO) income -5,750 -,429 Other operating expenses 47,926 -73 Total operating expenses ,435,456 ,469,576 ,-13,537 Income before income tax 56,455,454 ,218,248 59,397 Income tax expense 44 40,459 ,-15,109 Net income $5,465,646 $,177,789 $74,506 EPS $2.4700000000000002 $1.0400000000000003 ROTCE 0.10249999999999999 0.1177 4.87E-2 Q3-2023 BPPR Popular U.S ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,111 $,-25,111 $23,729 Loans Held in Portfolio $10,448 $,-10,448 $10,267 P.R. Government Deposits 19,721.934372140004 ,-19,721.934372140004 17,750 Total Deposits 11,861 ,-11,861 10,302 Total Deposits 54,548 ,-54,548 53,389 Borrowings 327.24803904000004 -,327.24803904000004 398 Borrowings 127.10107768 -,127.10107768 108 Net Interest Margin 2.5999999999999999E-2 -2.6% 2.9000000000000001E-2 Net Interest Margin 3.4000000000000002E-2 -3.4% 3.1399999999999997E-2 Total Deposit Cost 3.4299999999999997E-2 -3.43% 2.843E-2 Total Deposit Cost 1.83E-2 -1.83% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $178 $178 $0 $137 Adjusted Net Income1 178 178 0 137 Net Interest Margin (NIM) 3.2199999999999999E-2 3.2199999999999999E-2 0.000000000000000% 3.0700000000000002E-2 Net Interest Margin FTE2 3.4799999999999998E-2 3.4799999999999998E-2 0.000000000000000% 3.2399999999999998E-2 Total Deposit Costs 2.1000000000000001E-2 2.1000000000000001E-2 0.000000000000000% 1.84E-2 EPS $2.46 $2.46 $0 $1.9 Financial Ratios ROA 9.7000000000000003E-3 9.7000000000000003E-3 0 7.4999999999999997E-3 ROTCE 0.1177 0.1177 0 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $35,592 $35,592 $0 $34,029 Total Assets 72,845 72,845 0 69,737 Total Deposits 65,531 65,531 0 63,338 Borrowings 1,047 1,047 0 1,098 Credit Quality Capital Actions: Non Performing Loans (NPLs) $342 $342 $0 $362 NPL Ratio 9.5999999999999992E-3 9.5999999999999992E-3 0 1.06E-2 NCO Ratio 6.1000000000000004E-3 6.1000000000000004E-3 0 3.8999999999999998E-3 ACL-NPL Ratio 2.14 2.14 0 1.97 Capital Common Equity Tier 1 0.16480031502430226 0.16480031502430226 0 0.1681 Tangible Book Value Per Share $62.71 $62.71 $0 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 Highlights: Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $488 $489 $-1 $93 $86 $7 Provision for credit losses 78 51 27 -6 -3 -3 Net interest income after provision for credit losses 410 438 -28 99 89 10 Non-interest income 149 153 -4 7 6 1 Operating expenses 403 400 3 65 69 -4 Income before income tax 156 191 -35 41 26 15 Income tax (benefit) expense 30 34 -4 12 8 4 Net income $126 $157 $-31 $29 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $56,907 $58,466 $-1,559 $14,306 $14,288 $18 Total loans HIP 25,694 25,111 583 10,469 10,448 21 Total deposits 52,701 54,548 -1,847 11,891 11,861 30 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.12E-2 1.14E-2 .02% 6.8999999999999999E-3 5.3E-3 .16% Non-performing assets / Total assets 6.1999999999999998E-3 6.1000000000000004E-3 99999999999999395.999999999999994% 5.1000000000000004E-3 3.8999999999999998E-3 .12% Allowance for credit losses / Total loans (HIP) 2.5899999999999999E-2 2.5600000000000001E-2 29999999999999818.299999999999998% 7.4999999999999997E-3 8.3000000000000001E-3 .08% Net interest margin 3.4099999999999998E-2 3.4000000000000002E-2 9.9999999999995925E-5 2.7300000000000001E-2 2.5999999999999999E-2 1.3000000000000025E-3 linea azul claro linea azul obscuro Azul fondo y bordes Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $178 $178 $356 Indirect Exposure $187 $46 $233 Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791 January 2024 Original Guidance October Update Net Interest Income 9%-13% increase for the year 8%-10% increase for the year Non-Interest Income $160-$165 million per quarter Unchanged NCOs 65-85 bps annualized Lower end of the 65-85 bps range Operating Expenses $1.89- $1.95 billion for the year Unchanged Effective Tax Rate 19%-23% for the year 21%-23% for the year Loan Growth 3%-6% for the year Lower end of the 3%-6% range Previous color Previous color fondo (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $488 $489 $-1 $93 $86 $7 Provision for credit losses 78 51 27 -6 -3 -3 Net interest income after provision for credit losses 410 438 -28 99 89 10 Non-interest income 149 153 -4 7 6 1 Operating expenses 403 400 3 65 69 -4 Income before income tax 156 191 -35 41 26 15 Income tax expense 30 34 -4 12 8 4 Net income $126 $157 $-31 $29 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $56,907 $58,466 $-1,559 $14,306 $14,288 $18 Total loans HIP 25,694 25,111 583 10,469 10,448 21 Total deposits 52,701 54,548 -1,847 11,891 11,861 30 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.12E-2 1.14E-2 -2.0000000000000052E-4 6.8999999999999999E-3 5.3E-3 1.5999999999999999E-3 Non-performing assets / Total assets 6.1999999999999998E-3 6.1000000000000004E-3 9.9999999999999395E-5 5.1000000000000004E-3 3.8999999999999998E-3 1.2000000000000005E-3 Allowance for credit losses / Total loans (HIP) 2.5899999999999999E-2 2.5600000000000001E-2 2.9999999999999818E-4 7.4999999999999997E-3 8.3000000000000001E-3 -8.0000000000000036E-4 Net interest margin 3.4099999999999998E-2 3.4000000000000002E-2 9.9999999999995925E-5 2.7300000000000001E-2 2.5999999999999999E-2 1.3000000000000025E-3 Unaudited ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $200 $,568,312 $17,568 $0 $0 $0 Provision for credit losses ,106,512 46,794 ,-25,804 $0 $0 $0 Net interest income after provision for credit losses $0 $,521,518 $86,744 $0 $0 $,-43,372 Service charges on deposits 0 37,526 84 $0 $0 $0 Other service fees ,112,154 96,863 2,591 $0 $0 $0 Mortgage banking activities 0 5,723 1,363 $0 $0 $0 Other non-interest income 0 26,194 -1,550 $0 $0 $0 Total non-interest income $0 $,166,306 $2,488 $0 $0 $0 Personnel costs 0 ,197,424 ,-17,953 $0 $0 $0 Net occupancy expenses ,534,564 27,692 -,349 $0 $0 $0 Equipment expenses 0 9,662 95 $0 $0 $0 Professional fees 0 37,744 8,826 $0 $0 $0 Technology and software expenses 0 79,752 290 $0 $0 $0 Processing and transactional services 0 39,096 4,902 $0 $0 $0 Business promotion 0 25,449 4,460 $0 $0 $0 FDIC deposit insurance 0 10,581 ,-13,306 $0 $0 $0 Other real estate owned (OREO) income 0 -5,750 -,429 $0 $0 $0 Other operating expenses 0 47,926 -73 $0 $0 $0 Total operating expenses $,435,456 $,469,576 $,-13,537 $0 $0 $0 Income before income tax 56,455,454 ,218,248 59,397 $0 $0 $0 Income tax expense 44 40,459 ,-15,109 $0 $0 $0 Net income $5,465,646 $,177,789 $74,506 $0 $0 $0 EPS $0 $2.4700000000000002 $1.0400000000000003 $0 $0 $0 ROTCE 0.10249999999999999 0.1177 4.87E-2 $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes Highlights: (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $200 $,568,312 $17,568 Provision for credit losses ,106,512 46,794 ,-25,804 Net interest income after provision for credit losses $,521,518 $43,372 Service charges on deposits 37,526 84 Other service fees ,112,154 96,863 2,591 Mortgage banking activities 5,723 1,363 Other non-interest income 26,194 -1,550 Total non-interest income $,166,306 $2,488 Personnel costs ,197,424 ,-17,953 Net occupancy expenses ,534,564 27,692 -,349 Equipment expenses 9,662 95 Professional fees 37,744 8,826 Technology and software expenses 79,752 290 Processing and transactional services 39,096 4,902 Business promotion 25,449 4,460 FDIC deposit insurance 10,581 ,-13,306 Other real estate owned (OREO) income -5,750 -,429 Other operating expenses 47,926 -73 Total operating expenses ,435,456 ,469,576 ,-13,537 Income before income tax 56,455,454 ,218,248 59,397 Income tax expense 44 40,459 ,-15,109 Net income $5,465,646 $,177,789 $74,506 EPS $2.4700000000000002 $1.0400000000000003 ROTCE 0.10249999999999999 0.1177 4.87E-2 Q3-2023 BPPR Popular U.S ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,111 $,-25,111 $23,729 Loans Held in Portfolio $10,448 $,-10,448 $10,267 P.R. Government Deposits 19,721.934372140004 ,-19,721.934372140004 17,750 Total Deposits 11,861 ,-11,861 10,302 Total Deposits 54,548 ,-54,548 53,389 Borrowings 327.24803904000004 -,327.24803904000004 398 Borrowings 127.10107768 -,127.10107768 108 Net Interest Margin 2.5999999999999999E-2 -2.6% 2.9000000000000001E-2 Net Interest Margin 3.4000000000000002E-2 -3.4% 3.1399999999999997E-2 Total Deposit Cost 3.4299999999999997E-2 -3.43% 2.843E-2 Total Deposit Cost 1.83E-2 -1.83% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $178 $178 $0 $137 Adjusted Net Income1 178 178 0 137 Net Interest Margin (NIM) 3.2199999999999999E-2 3.2199999999999999E-2 0.000000000000000% 3.0700000000000002E-2 Net Interest Margin FTE2 3.4799999999999998E-2 3.4799999999999998E-2 0.000000000000000% 3.2399999999999998E-2 Total Deposit Costs 2.1000000000000001E-2 2.1000000000000001E-2 0.000000000000000% 1.84E-2 EPS $2.46 $2.46 $0 $1.9 Financial Ratios ROA 9.7000000000000003E-3 9.7000000000000003E-3 0 7.4999999999999997E-3 ROTCE 0.1177 0.1177 0 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $35,592 $35,592 $0 $34,029 Total Assets 72,845 72,845 0 69,737 Total Deposits 65,531 65,531 0 63,338 Borrowings 1,047 1,047 0 1,098 Credit Quality Capital Actions: Non Performing Loans (NPLs) $342 $342 $0 $362 NPL Ratio 9.5999999999999992E-3 9.5999999999999992E-3 0 1.06E-2 NCO Ratio 6.1000000000000004E-3 6.1000000000000004E-3 0 3.8999999999999998E-3 ACL-NPL Ratio 2.14 2.14 0 1.97 Capital Common Equity Tier 1 0.16480031502430226 0.16480031502430226 0 0.1681 Tangible Book Value Per Share $62.71 $62.71 $0 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 Highlights: Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $488 $489 $-1 $93 $86 $7 Provision for credit losses 78 51 27 -6 -3 -3 Net interest income after provision for credit losses 410 438 -28 99 89 10 Non-interest income 149 153 -4 7 6 1 Operating expenses 403 400 3 65 69 -4 Income before income tax 156 191 -35 41 26 15 Income tax (benefit) expense 30 34 -4 12 8 4 Net income $126 $157 $-31 $29 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $56,907 $58,466 $-1,559 $14,306 $14,288 $18 Total loans HIP 25,694 25,111 583 10,469 10,448 21 Total deposits 52,701 54,548 -1,847 11,891 11,861 30 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.12E-2 1.14E-2 .02% 6.8999999999999999E-3 5.3E-3 .16% Non-performing assets / Total assets 6.1999999999999998E-3 6.1000000000000004E-3 99999999999999395.999999999999994% 5.1000000000000004E-3 3.8999999999999998E-3 .12% Allowance for credit losses / Total loans (HIP) 2.5899999999999999E-2 2.5600000000000001E-2 29999999999999818.299999999999998% 7.4999999999999997E-3 8.3000000000000001E-3 .08% Net interest margin 3.4099999999999998E-2 3.4000000000000002E-2 9.9999999999995925E-5 2.7300000000000001E-2 2.5999999999999999E-2 1.3000000000000025E-3 linea azul claro linea azul obscuro Azul fondo y bordes Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $178 $178 $356 Indirect Exposure $187 $46 $233 Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791

With the rate cycle transitioning, we expect higher beta products (mainly in the U.S.) to respond to rate reductions with similar elasticity to declining rates, subject to competitive market dynamics Lower beta products include P.R. retail and commercial deposits and should be slower to react given their current rates High beta public sector deposits account for 30% of total deposits P.R. government deposits are market linked but reprice with a lag to current market rates 17 Deposit Mix and Historical Beta

Quarter Highlights: Conservative investment portfolio, with the majority invested in short to intermediate U.S. Treasuries, which are tax exempt for P.R. corporations Investment portfolio duration 2.5 years, including cash, 2.0 years Unrealized loss in the AFS portfolio decreased by $380 million Market value of the HTM portfolio stood at $7.85 billion, $55 million higher than the book value Invested approximately $1.1 billion in new short duration U.S. Treasury Notes with an average yield of 3.75% 18 Investment Portfolio Differences due to rounding 1 Maturity expressed in years; In the case of mortgage-backed securities and CMOs, it represents the weighted average life of the bonds assuming market consensus prepayment speeds 2 The Book value includes $525 million of net unrealized loss in AOCI related to the securities transferred from available-for-sale securities portfolio to the held-to-maturity with an unrealized loss of $873 million at the time of transfer, which will be amortized (back into capital) throughout their remaining life at a rate of approximately 5% per quarter through 2026.

The Corporation does not own any loans issued by the P.R. central government or its public corporations. As of September 30, 2024, our direct exposure to P.R. municipalities was $336 million, down by $40 million QoQ. Obligations of municipalities are backed by real and personal property taxes, municipal excise taxes, and/or a percentage of the sales and use tax Municipalities Indirect exposure includes loans or securities that are payable by non-governmental entities, but which carry a government guarantee to cover any shortfall in collateral in the event of borrower default. Majority are single-family mortgage related Indirect Exposure P.R. Public Sector Exposure Differences due to rounding January 2024 Original Guidance October Update Net Interest Income 9%-13% increase for the year 8%-10% increase for the year Non-Interest Income $160-$165 million per quarter Unchanged NCOs 65-85 bps annualized Lower end of the 65-85 bps range Operating Expenses $1.89- $1.95 billion for the year Unchanged Effective Tax Rate 19%-23% for the year 21%-23% for the year Loan Growth 3%-6% for the year Lower end of the 3%-6% range Previous color Previous color fondo (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $,572,473 $,568,312 $4,161 Provision for credit losses 71,448 46,794 24,654 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 Service charges on deposits 38,315 37,526 789 Other service fees 98,748 96,863 1,885 Mortgage banking activities 2,670 5,723 -3,053 Other non-interest income 24,349 26,194 -1,845 Total non-interest income $,164,082 $,166,306 $-2,224 Personnel costs ,201,856 ,197,424 4,432 Net occupancy expenses 28,031 27,692 339 Equipment expenses 9,349 9,662 -,313 Professional fees 26,708 37,744 ,-11,036 Technology and software expenses 88,452 79,752 8,700 Processing and transactional services 34,320 39,096 -4,776 Business promotion 25,637 25,449 188 FDIC deposit insurance 10,433 10,581 -,148 Other real estate owned (OREO) income -2,674 -5,750 3,076 Other operating expenses 45,209 47,926 -2,717 Total operating expenses ,467,321 ,469,576 -2,255 Income before income tax ,197,786 ,218,248 ,-20,462 Income tax expense 42,463 40,459 2,004 Net income $,155,323 $,177,789 $,-22,466 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 Unaudited ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $,572,473 $,568,312 $4,161 $0 $0 $0 Provision for credit losses 71,448 46,794 24,654 $0 $0 $0 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 $0 $0 $0 Service charges on deposits 38,315 37,526 789 $0 $0 $0 Other service fees 98,748 96,863 1,885 $0 $0 $0 Mortgage banking activities 2,670 5,723 -3,053 $0 $0 $0 Other non-interest income 24,349 26,194 -1,845 $0 $0 $0 Total non-interest income $,164,082 $,166,306 $-2,224 $0 $0 $0 Personnel costs ,201,856 ,197,424 4,432 $0 $0 $0 Net occupancy expenses 28,031 27,692 339 $0 $0 $0 Equipment expenses 9,349 9,662 -,313 $0 $0 $0 Professional fees 26,708 37,744 ,-11,036 $0 $0 $0 Technology and software expenses 88,452 79,752 8,700 $0 $0 $0 Processing and transactional services 34,320 39,096 -4,776 $0 $0 $0 Business promotion 25,637 25,449 188 $0 $0 $0 FDIC deposit insurance 10,433 10,581 -,148 $0 $0 $0 Other real estate owned (OREO) income -2,674 -5,750 3,076 $0 $0 $0 Other operating expenses 45,209 47,926 -2,717 $0 $0 $0 Total operating expenses $,467,321 $,469,576 $-2,255 $0 $0 $0 Income before income tax ,197,786 ,218,248 ,-20,462 $0 $0 $0 Income tax expense 42,463 40,459 2,004 $0 $0 $0 Net income $,155,323 $,177,789 $,-22,466 $0 $0 $0 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 $0 $0 $0 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes Highlights: Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Q3-2023 BPPR Popular U.S ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,111 $,-25,111 $23,729 Loans Held in Portfolio $10,448 $,-10,448 $10,267 P.R. Government Deposits 19,721.934372140004 ,-19,721.934372140004 17,750 Total Deposits 11,861 ,-11,861 10,302 Total Deposits 54,548 ,-54,548 53,389 Borrowings 327.24803904000004 -,327.24803904000004 398 Borrowings 127.10107768 -,127.10107768 108 Net Interest Margin 2.5999999999999999E-2 -2.6% 2.9000000000000001E-2 Net Interest Margin 3.4000000000000002E-2 -3.4% 3.1399999999999997E-2 Total Deposit Cost 3.4299999999999997E-2 -3.43% 2.843E-2 Total Deposit Cost 1.83E-2 -1.83% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $178 $178 $0 $137 Adjusted Net Income1 178 178 0 137 Net Interest Margin (NIM) 3.2199999999999999E-2 3.2199999999999999E-2 0.000000000000000% 3.0700000000000002E-2 Net Interest Margin FTE2 3.4799999999999998E-2 3.4799999999999998E-2 0.000000000000000% 3.2399999999999998E-2 Total Deposit Costs 2.1000000000000001E-2 2.1000000000000001E-2 0.000000000000000% 1.84E-2 EPS $2.46 $2.46 $0 $1.9 Financial Ratios ROA 9.7000000000000003E-3 9.7000000000000003E-3 0 7.4999999999999997E-3 ROTCE 0.1177 0.1177 0 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $35,592 $35,592 $0 $34,029 Total Assets 72,845 72,845 0 69,737 Total Deposits 65,531 65,531 0 63,338 Borrowings 1,047 1,047 0 1,098 Credit Quality Capital Actions: Non Performing Loans (NPLs) $342 $342 $0 $362 NPL Ratio 9.5999999999999992E-3 9.5999999999999992E-3 0 1.06E-2 NCO Ratio 6.1000000000000004E-3 6.1000000000000004E-3 0 3.8999999999999998E-3 ACL-NPL Ratio 2.14 2.14 0 1.97 Capital Common Equity Tier 1 0.16480031502430226 0.16480031502430226 0 0.1681 Tangible Book Value Per Share $62.71 $62.71 $0 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 Highlights: Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791 Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $323 $13 $336 Indirect Exposure $179 $45 $224 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax (benefit) expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 .07% 5.3E-3 5.3E-3 0.000000000000000% Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 .05% 3.8999999999999998E-3 3.8999999999999998E-3 .02% Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 .06% 8.3000000000000001E-3 8.3000000000000001E-3 .08% Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 linea azul claro linea azul obscuro Azul fondo y bordes ACL Balance Reserve Build Balance Reserve Build Balance ACL/Loan (in millions) Q4 2024 (Release) Q2 2024 (Release) Q3 2024 Q3 2024 Commercial $271 $2 $273 $7 $280 1.46E-2 Mortgage 83 0 83 -1 82 1.0200000000000001E-2 Leases 10 4 14 2 16 8.3999999999999995E-3 Consumer: Credit Cards 80 6 86 7 93 7.8100000000000003E-2 Personal Loans 120 -11 109 -3 106 5.4800000000000001E-2 Auto 158 -1 157 5 162 4.2299999999999997E-2 Other 7 -1 6 0 6 3.73E-2 Total Consumer 365 -6 359 8 367 5.16E-2 Total ACL $729 $-1 $730 $14 $744 2.06E-2 (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 -6.9999999999999999E-4 5.3E-3 5.3E-3 0 Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 -5.0000000000000001E-4 3.8999999999999998E-3 3.8999999999999998E-3 -2.0000000000000001E-4 Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 -5.9999999999999995E-4 8.3000000000000001E-3 8.3000000000000001E-3 -8.0000000000000004E-4 Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 January 2024 Original Guidance October Update Net Interest Income 9%-13% increase for the year 8%-10% increase for the year Non-Interest Income $160-$165 million per quarter Unchanged NCOs 65-85 bps annualized Lower end of the 65-85 bps range Operating Expenses $1.89- $1.95 billion for the year Unchanged Effective Tax Rate 19%-23% for the year 21%-23% for the year Loan Growth 3%-6% for the year Lower end of the 3%-6% range Previous color Previous color fondo (Unaudited) Variance ($ in thousands) Q3 2024 Q2 2024 Net interest income $,572,473 $,568,312 $4,161 Provision for credit losses 71,448 46,794 24,654 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 Service charges on deposits 38,315 37,526 789 Other service fees 98,748 96,863 1,885 Mortgage banking activities 2,670 5,723 -3,053 Other non-interest income 24,349 26,194 -1,845 Total non-interest income $,164,082 $,166,306 $-2,224 Personnel costs ,201,856 ,197,424 4,432 Net occupancy expenses 28,031 27,692 339 Equipment expenses 9,349 9,662 -,313 Professional fees 26,708 37,744 ,-11,036 Technology and software expenses 88,452 79,752 8,700 Processing and transactional services 34,320 39,096 -4,776 Business promotion 25,637 25,449 188 FDIC deposit insurance 10,433 10,581 -,148 Other real estate owned (OREO) income -2,674 -5,750 3,076 Other operating expenses 45,209 47,926 -2,717 Total operating expenses ,467,321 ,469,576 -2,255 Income before income tax ,197,786 ,218,248 ,-20,462 Income tax expense 42,463 40,459 2,004 Net income $,155,323 $,177,789 $,-22,466 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 Unaudited ($ in thousands, except EPS) Q3 2024 Q2 2024 Variance Net interest income $,572,473 $,568,312 $4,161 $0 $0 $0 Provision for credit losses 71,448 46,794 24,654 $0 $0 $0 Net interest income after provision for credit losses $,501,025 $,521,518 $,-20,493 $0 $0 $0 Service charges on deposits 38,315 37,526 789 $0 $0 $0 Other service fees 98,748 96,863 1,885 $0 $0 $0 Mortgage banking activities 2,670 5,723 -3,053 $0 $0 $0 Other non-interest income 24,349 26,194 -1,845 $0 $0 $0 Total non-interest income $,164,082 $,166,306 $-2,224 $0 $0 $0 Personnel costs ,201,856 ,197,424 4,432 $0 $0 $0 Net occupancy expenses 28,031 27,692 339 $0 $0 $0 Equipment expenses 9,349 9,662 -,313 $0 $0 $0 Professional fees 26,708 37,744 ,-11,036 $0 $0 $0 Technology and software expenses 88,452 79,752 8,700 $0 $0 $0 Processing and transactional services 34,320 39,096 -4,776 $0 $0 $0 Business promotion 25,637 25,449 188 $0 $0 $0 FDIC deposit insurance 10,433 10,581 -,148 $0 $0 $0 Other real estate owned (OREO) income -2,674 -5,750 3,076 $0 $0 $0 Other operating expenses 45,209 47,926 -2,717 $0 $0 $0 Total operating expenses $,467,321 $,469,576 $-2,255 $0 $0 $0 Income before income tax ,197,786 ,218,248 ,-20,462 $0 $0 $0 Income tax expense 42,463 40,459 2,004 $0 $0 $0 Net income $,155,323 $,177,789 $,-22,466 $0 $0 $0 EPS $2.16 $2.4700000000000002 $-0.31000000000000005 $0 $0 $0 ROTCE 9.98E-2 0.1177 -1.7899999999999999E-2 $0 $0 $0 Picture formatting in PPT linea azul claro linea azul obscuro Azul fondo y bordes Azul fondo y bordes Highlights: Regulatory Capital Ratios Company Name: Popular, Inc. As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Capital Conservation Buffer Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16480031502430226 0.16360085530480201 1.199459719500251E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.9800315024302255E-2 7.0000000000000007E-2 9.4800315024302251E-2 0.11980031502430226 Total common equity 6228258.2345057465 6082238.1194761656 ,146,020.11502958089 1,700,674.58246966 2,456,529.195245618 3771729.0392601285 2645492.9794952809 3582765.2550104656 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 capital ratio 0.16538622491407098 0.16419646471830759 1.1897601957633896E-3 0.06 0.08 8.5386224914070982E-2 8.4999999999999992E-2 8.0386224914070992E-2 0.10538622491407099 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2267565.4109959546 3023420.5479946067 3226980.8365111402 3212384.3322442691 3038017.0522614778 Total Risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Total capital ratio 0.18304389350241954 0.18194471312509775 1.0991803773217901E-3 0.08 0.1 8.304389350241953E-2 0.10500000000000001 7.8043893502419526E-2 0.10304389350241953 Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 Allowable Tier 2 Capital 667331.97549614904 659831.96000163374 7,500.154945153045 Total capital 6917733.3600018956 6764213.2294777995 ,153,520.13052409608 3023420.5479946067 3779275.6849932582 3138457.6750086374 3968239.4692429216 2949493.890758974 Total risk-weighted assets 37792756.849932581 37177300.253989808 ,615,456.59594277292 Tier 1 leverage ratio 8.5341298890382319E-2 8.447293227596174E-2 8.6836661442057927E-4 0.04 0.05 3.5341298890382317E-2 N/A N/A Tier 1 Capital 6250401.3845057469 6104381.269476166 ,146,020.11502958089 2929602.1812530193 3662002.7265662737 2588398.6579394732 Total assets for the leverage ratio 73240054.531325474 71353184.987002045 1,886,869.5443234295 Leverage ratio of 8.5% impacted by the high proportion of zero-risk weighted assets on the balance sheet, which represented 0.40026815741556704 of total assets Q3-2023 BPPR Popular U.S ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 ($ in millions) Q3 2024 Q2 2024 Change Q3 2023 Loans Held in Portfolio $25,111 $,-25,111 $23,729 Loans Held in Portfolio $10,448 $,-10,448 $10,267 P.R. Government Deposits 19,721.934372140004 ,-19,721.934372140004 17,750 Total Deposits 11,861 ,-11,861 10,302 Total Deposits 54,548 ,-54,548 53,389 Borrowings 327.24803904000004 -,327.24803904000004 398 Borrowings 127.10107768 -,127.10107768 108 Net Interest Margin 2.5999999999999999E-2 -2.6% 2.9000000000000001E-2 Net Interest Margin 3.4000000000000002E-2 -3.4% 3.1399999999999997E-2 Total Deposit Cost 3.4299999999999997E-2 -3.43% 2.843E-2 Total Deposit Cost 1.83E-2 -1.83% 1.6799999999999999E-2 Highlights: Highlights: Azul fondo y bordes linea azul claro linea azul obscuro Regulatory Capital Ratios Company Name: BPPR As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 4.4999999999999998E-2 6.5000000000000002E-2 9.8720141326033517E-2 7.0000000000000007E-2 9.3720141326033513E-2 Total common equity 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1,214,319.3710304534 1,754,016.8692662106 2663950.664957033 1888941.24382515 2529026.2903980939 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 capital ratio 0.16372014132603352 0.16665187228319539 -2.931730957161871E-3 0.06 0.08 8.3720141326033518E-2 8.4999999999999992E-2 7.8720141326033527E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 1619092.494707271 2158789.9929430285 2259177.5412802151 2293714.3675019671 2124253.1667212765 Total Risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Total capital ratio 0.1763311187952922 0.17926724773440914 -2.9361289391169332E-3 0.08 0.1 7.6331118795292197E-2 0.10500000000000001 7.1331118795292192E-2 Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 Allowable Tier 2 Capital 340305.64952332061 334306.54547980044 5,999.1040435201721 Total capital 4758273.1837465642 4750569.2192455437 7,703.9645010204986 2158789.9929430285 2698487.4911787855 2059785.6925677788 2833411.8657377246 1924861.3180088396 Total risk-weighted assets 26984874.911787853 26499928.343205683 ,484,946.56858216971 Tier 1 leverage ratio 7.4148076573937557E-2 7.5093412582264374E-2 -9.4533600832681641E-4 0.04 0.05 2.4148076573937555E-2 N/A N/A Tier 1 Capital 4417967.5342232436 4416262.6737657432 1,704.8604575004429 2383321.4499193756 2979151.8123992197 1438815.7218240239 Total assets for the leverage ratio 59583036.247984387 58810254.080912285 ,772,782.16707210243 BPPR FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $4,417,967,534.2232437 TOTAL TIER 2 capital $,340,305,649.52332062 10% Limit: ,499,785,023.38243544 Plus: Excess Allowance for LLL ,239,577,050.7779038 20% Limit: ,999,570,046.76487088 $4,997,850,233.8243542 Financial Highlights Quarter Highlights ($ in millions, except per share information) Income Statement Q3 2024 Q2 2024 Change Q3 2023 Highlights: Net Income $178 $178 $0 $137 Adjusted Net Income1 178 178 0 137 Net Interest Margin (NIM) 3.2199999999999999E-2 3.2199999999999999E-2 0.000000000000000% 3.0700000000000002E-2 Net Interest Margin FTE2 3.4799999999999998E-2 3.4799999999999998E-2 0.000000000000000% 3.2399999999999998E-2 Total Deposit Costs 2.1000000000000001E-2 2.1000000000000001E-2 0.000000000000000% 1.84E-2 EPS $2.46 $2.46 $0 $1.9 Financial Ratios ROA 9.7000000000000003E-3 9.7000000000000003E-3 0 7.4999999999999997E-3 ROTCE 0.1177 0.1177 0 9.3600000000000003E-2 Ending Balances Loans Held in Portfolio $35,592 $35,592 $0 $34,029 Total Assets 72,845 72,845 0 69,737 Total Deposits 65,531 65,531 0 63,338 Borrowings 1,047 1,047 0 1,098 Credit Quality Capital Actions: Non Performing Loans (NPLs) $342 $342 $0 $362 NPL Ratio 9.5999999999999992E-3 9.5999999999999992E-3 0 1.06E-2 NCO Ratio 6.1000000000000004E-3 6.1000000000000004E-3 0 3.8999999999999998E-3 ACL-NPL Ratio 2.14 2.14 0 1.97 Capital Common Equity Tier 1 0.16480031502430226 0.16480031502430226 0 0.1681 Tangible Book Value Per Share $62.71 $62.71 $0 $50.2 Azul fondo y bordes linea azul claro linea azul obscuro Common Equity Tier 1 Capital Tier 1 Risk-Based Capital Total Risk-Based Capital Tier 1 Leverage TCE Consolidated Q2 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 Q3 2024 16.480031502430226 16.5386224914071 18.304389350241955 8.5341298890382316 6.2997656193927147 BPPR Q2 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Q3 2024 16.372014132603351 16.372014132603351 17.633111879529221 7.414807657393756 4.4313372368351951 Popular Bank Q2 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Q3 2024 13.381223488492241 13.381223488492241 14.094838006992468 10.389474280138556 11.228157000375703 Consolidated Q3 2023 16.809999999999999 16.88 18.670000000000002 8.41 5.25 Q2 2023 16.87 16.93 18.739999999999998 8.1 5.29 BPPR Q3 2023 17.45 17.45 18.71 7.52 3.4 Q2 2023 17.510000000000002 17.510000000000002 18.77 7.49 3.52 Popular Bank Q3 2023 14.22 14.22 14.85 11.62 12.56 Q2 2023 14.4 14.4 15.23 11.68 12.69 Ratios at 06/30/2023 Ratios at 03/31/2023 Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Total common equity 1384006.5330454241 1414744.1383078264 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 capital ratio 0.14404573451467251 0.15133194391415558 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total Risk-weighted assets 9608104.9377026092 9348615.3796474915 Total capital ratio 0.15234561454000642 0.15965056677707223 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Allowable Tier 2 Capital 79746.118253749999 77767.605633750005 Total capital 1463752.6512991742 1492511.7439415765 Total risk-weighted assets 9608104.9377026092 9348615.3796474915 Tier 1 leverage ratio 0.11678757583996165 0.12742579316134706 Tier 1 Capital 1384006.5330454241 1414744.1383078264 Total assets for the leverage ratio 11850631.568395423 11102494.269087825 Highlights: Regulatory Capital Ratios Company Name: Popular Bank As of date: 2024.06 - June 2024 Ratios at 06/30/2024 Ratios at 03/31/2024 Variance Minimum Requirement Well-capitalized Excess over well-capitalized Minimum requirement (including capital conservation buffer) Excess over minimum requirement (including capital conservation buffer) Dollar Amounts in Thousands Risk-Based Capital Ratios Common equity tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 4.4999999999999998E-2 6.5000000000000002E-2 6.8812234884922413E-2 7.0000000000000007E-2 6.3812234884922409E-2 Total common equity 1398579.328375004 1376859.4125529211 21,719.915822082898 ,470,331.20574512304 ,679,367.29718739993 719212.03118760407 731626.32004796923 666953.00832703477 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 capital ratio 0.13381223488492242 0.13243764092986088 1.3745939550615371E-3 0.06 0.08 5.3812234884922414E-2 8.4999999999999992E-2 4.8812234884922423E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 627108.27432683075 836144.36576910771 562434.96260589629 888403.38862967677 510175.93974532722 Total Risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Total capital ratio 0.14094838006992469 0.14046899112266037 4.793889472643198E-4 0.08 0.1 4.0948380069924684E-2 0.10500000000000001 3.5948380069924679E-2 Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 Allowable Tier 2 Capital 74585.594871875001 83496.202671874998 -8,910.607799999998 Total capital 1473164.9232468789 1460355.6152247961 12,809.308022082783 836144.36576910771 1045180.4572113845 427984.46603549435 1097439.480071954 375725.44317492493 Total risk-weighted assets 10451804.572113845 10396284.642989883 55,519.929123962298 Tier 1 leverage ratio 0.10389474280138555 0.10337472253110254 5.2002027028301423E-4 0.04 0.05 5.3894742801385551E-2 N/A N/A Tier 1 Capital 1398579.328375004 1376859.4125529211 21,719.915822082898 538460.09554060025 673075.11942575034 725504.20894925366 Total assets for the leverage ratio 13461502.388515007 13319111.082872923 ,142,391.30564208329 Popular Bank FR Y-8 DATA Adjusted Base Capital 2024.06 - June 2024 TOTAL TIER 1 capital $1,398,579,328.3750041 TOTAL TIER 2 capital 74,585,594.871875003 10% Limit: ,147,316,492.32468793 Plus: Excess Allowance for LLL 0 20% Limit: ,294,632,984.64937586 $1,473,164,923.2468791 Outstanding P.R. government exposure ($ in millions) Loans Securities Change Municipalities $323 $13 $336 Indirect Exposure $179 $45 $224 Financial Results BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax (benefit) expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 Balance Sheet Highlights BPPR Popular U.S. (Unaudited) ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality BPPR Popular U.S. Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 .07% 5.3E-3 5.3E-3 0.000000000000000% Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 .05% 3.8999999999999998E-3 3.8999999999999998E-3 .02% Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 .06% 8.3000000000000001E-3 8.3000000000000001E-3 .08% Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4 linea azul claro linea azul obscuro Azul fondo y bordes ACL Balance Reserve Build Balance Reserve Build Balance ACL/Loan (in millions) Q4 2024 (Release) Q2 2024 (Release) Q3 2024 Q3 2024 Commercial $271 $2 $273 $7 $280 1.46E-2 Mortgage 83 0 83 -1 82 1.0200000000000001E-2 Leases 10 4 14 2 16 8.3999999999999995E-3 Consumer: Credit Cards 80 6 86 7 93 7.8100000000000003E-2 Personal Loans 120 -11 109 -3 106 5.4800000000000001E-2 Auto 158 -1 157 5 162 4.2299999999999997E-2 Other 7 -1 6 0 6 3.73E-2 Total Consumer 365 -6 359 8 367 5.16E-2 Total ACL $729 $-1 $730 $14 $744 2.06E-2 (Unaudited) BPPR Popular U.S. ($ in millions) Financial Results Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Net interest income $489 $489 $16 $86 $86 $1 Provision for credit losses 51 51 -10 -3 -3 -15 Net interest income after provision for credit losses 438 438 26 89 89 16 Non-interest income 153 153 8 6 6 -1 Operating expenses 400 400 -7 69 69 -1 Income before income tax 191 191 41 26 26 16 Income tax expense 34 34 5 8 8 5 Net income $157 $157 $36 $18 $18 $11 ($ in millions) Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Balance Sheet Highlights Total assets $58,466 $58,466 $1,215 $14,288 $14,288 $602 Total loans HIP 25,111 25,111 509 10,448 10,448 -36 Total deposits 54,548 54,548 1,144 11,861 11,861 588 Asset Quality Q3 2024 Q2 2024 Variance Q3 2024 Q2 2024 Variance Non-performing loans held-in-portfolio (HIP) / Total loans (HIP) 1.14E-2 1.14E-2 -6.9999999999999999E-4 5.3E-3 5.3E-3 0 Non-performing assets / Total assets 6.1000000000000004E-3 6.1000000000000004E-3 -5.0000000000000001E-4 3.8999999999999998E-3 3.8999999999999998E-3 -2.0000000000000001E-4 Allowance for credit losses / Total loans (HIP) 2.5600000000000001E-2 2.5600000000000001E-2 -5.9999999999999995E-4 8.3000000000000001E-3 8.3000000000000001E-3 -8.0000000000000004E-4 Net interest margin 3.4000000000000002E-2 3.4000000000000002E-2 6.9999999999999999E-4 2.5999999999999999E-2 2.5999999999999999E-2 1E-4

Non-Owner Occupied CRE Portfolio Quarter Highlights: Non-Owner Occupied CRE (CRE NOO) mainly in retail, hotels and office space Office exposure limited to 2.0% of total loan portfolio and 14% of CRE NOO; Office space mainly in mid-rise properties with diversified tenants across both regions; Average loan size at $2.3 million Favorable credit risk profile with low level of NCOs, NPLs, criticized and classified loans Non-Performing loans flat QoQ at 0.2% of loans Allowance for credit losses to loans held-in-portfolio at 1.30% Differences due to rounding Non-Owner Occupied CRE ($ in millions) Non-Owner Occupied CRE Balance by property type

Multifamily Loans Portfolios Quarter Highlights: 87% of the portfolio concentrated in Popular U.S. Strong credit risk profile with low levels of delinquency, NCOs and classified loans: 30-89 DPD/Loans at 0.12% Classified loans at 1.30% NCO ratio 0.0% Allowance for credit losses (“ACL”) to loans held-in-portfolio at 0.40% New York portfolio: $1.5 billion or 4.1% of our total loan portfolio Underwritten based on current rental income at origination No exposure to rent controlled buildings Rent stabilized units represent less than 40% of the total units in the loan portfolio with the majority originated after 2019 Differences due to rounding Multifamily Loans Balance by state Multifamily Loans ($ in millions)

Quarter Highlights: Auto balances have steadily increased since the pandemic Delinquency and NCOs have gradually increased, but continue to remain below pre-pandemic levels FICO mix of originations have remained robust, with weighted-average FICO scores of approximately 737 YTD originations were approximately 68%/32% split between new/used auto loans Auto Loans Portfolio Differences due to rounding Avg. 2011-2019 9/30/2024 6.17% 4.67% Avg. 2011-2019 YTD 1.88% 1.46%

Quarter Highlights: Auto lease balances have grown steadily since the pandemic Delinquency gradually increased during 2023, but stabilization observed in 2024 NCOs decreased, when compared to the prior quarter, to levels below pre-pandemic periods FICO mix of originations have remained robust, with weighted-average FICO scores of approximately 744 Auto Leases Portfolio Differences due to rounding Avg. 2011-2019 9/30/2024 2.06% 1.69% Avg. 2011-2019 YTD 0.65% 0.64%

Credit Cards Portfolio Quarter Highlights: Improvements in credit quality of originations Balances continue to increase due to higher originations and increased usage post pandemic Delinquency and NCOs continue to increase with levels above pre-pandemic benchmark average FICO mix of originations have remained robust, with weighted-average FICO scores of approximately 768 Differences due to rounding Avg. 2011-2019 9/30/2024 3.74% 4.62% Avg. 2011-2019 YTD 3.67% 4.90%

P.R. Personal Loans Portfolio Quarter Highlights: Improvements in credit quality of originations Portfolio balances have been increasing since the pandemic, but at a slower pace in 2024 due to tightening measures Delinquency has been gradually increasing but remains below the pre-pandemic average benchmark. NCO rate trending up, surpassing Q4 2019 level, but showing signs of stabilization FICO mix of originations robust, with weighted-average FICO scores of 749 in recent vintages, approximating pre-pandemic levels Differences due to rounding Avg. 2011-2019 9/30/2024 3.61% 3.19% Avg. 2011-2019 YTD 2.53% 4.94%

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

Investor Presentation Third Quarter 2024

Document and Entity Information	Oct. 23, 2024
Document And Entity Information [Line Items]
Amendment Flag	false
Entity Central Index Key	0000763901
Document Type	8-K
Document Period End Date	Oct. 23, 2024
Entity Registrant Name	POPULAR, INC.
Entity Incorporation State Country Code	PR
Entity File Number	001-34084
Entity Tax Identification Number	66-0667416
Entity Address, Address Line One	209 Muñoz Rivera Avenue
Entity Address, City or Town	Hato Rey
Entity Address, Country	PR
Entity Address, Postal Zip Code	00918
City Area Code	(787)
Local Phone Number	765-9800
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Common Stock [Member]
Document And Entity Information [Line Items]
Security 12b Title	Common Stock ($0.01 par value)
Trading Symbol	BPOP
Security Exchange Name	NASDAQ
Cumulative Preferred Stock [Member]
Document And Entity Information [Line Items]
Security 12b Title	6.125% Cumulative Monthly Income Trust Preferred Securities
Trading Symbol	BPOPM
Security Exchange Name	NASDAQ