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Allowance for credit losses - loans held-in-portfolio (Tables) | 6 Months Ended
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Jun. 30, 2025
Allowance for credit losses on financing receivables | The following tables present the changes in the ACL of loans held-in-portfolio and unfunded commitments for the quarters and six months ended June 30, 2025 and 2024. For the quarter ended June 30, 2025 BPPR Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 3,420 $ 270 $ - $ 6 $ 3,696 Commercial real estate non-owner occupied 42,848 (160) (21) 472 43,139 Commercial real estate owner occupied 36,019 (1,176) (14) 1,019 35,848 Commercial and industrial 131,407 (6,769) (2,466) 1,030 123,202 Total Commercial 213,694 (7,835) (2,501) 2,527 205,885 Construction 2,719 356 - - 3,075 Mortgage 74,289 (1,752) (550) 2,979 74,966 Leasing 20,206 2,570 (3,982) 1,246 20,040 Consumer Credit cards 96,523 13,094 (20,011) 2,700 92,306 Home equity lines of credit 60 (313) - 307 54 Personal 89,786 18,881 (19,553) 3,777 92,891 Auto 171,979 16,852 (13,418) 6,861 182,274 Other 7,007 1,297 (700) 154 7,758 Total Consumer 365,355 49,811 (53,682) 13,799 375,283 Total - Loans $ 676,263 $ 43,150 $ (60,715) $ 20,551 $ 679,249 Allowance for credit losses - unfunded commitments: Commercial $ 7,445 $ (1,569) $ - $ - $ 5,876 Construction 1,560 309 - - 1,869 Ending balance - unfunded commitments [1] $ 9,005 $ (1,260) $ - $ - $ 7,745 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended June 30, 2025 Popular U.S. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 10,081 $ 3,567 $ (563) $ - $ 13,085 Commercial real estate non-owner occupied 15,453 525 - - 15,978 Commercial real estate owner occupied 14,193 (1,016) (14) 40 13,203 Commercial and industrial 16,422 1,533 (49) 254 18,160 Total Commercial 56,149 4,609 (626) 294 60,426 Construction 6,793 711 - - 7,504 Mortgage 9,740 437 - 32 10,209 Consumer Home equity lines of credit 1,550 (799) (16) 595 1,330 Personal 11,651 1,417 (2,920) 615 10,763 Other 2 14 (13) 1 4 Total Consumer 13,203 632 (2,949) 1,211 12,097 Total - Loans $ 85,885 $ 6,389 $ (3,575) $ 1,537 $ 90,236 Allowance for credit losses - unfunded commitments: Commercial $ 1,630 $ 305 $ - $ - $ 1,935 Construction 3,492 (203) - - 3,289 Consumer 42 42 - - 84 Ending balance - unfunded commitments [1] $ 5,164 $ 144 $ - $ - $ 5,308 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended June 30, 2025 Popular Inc. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 13,501 $ 3,837 $ (563) $ 6 $ 16,781 Commercial real estate non-owner occupied 58,301 365 (21) 472 59,117 Commercial real estate owner occupied 50,212 (2,192) (28) 1,059 49,051 Commercial and industrial 147,829 (5,236) (2,515) 1,284 141,362 Total Commercial 269,843 (3,226) (3,127) 2,821 266,311 Construction 9,512 1,067 - - 10,579 Mortgage 84,029 (1,315) (550) 3,011 85,175 Leasing 20,206 2,570 (3,982) 1,246 20,040 Consumer Credit cards 96,523 13,094 (20,011) 2,700 92,306 Home equity lines of credit 1,610 (1,112) (16) 902 1,384 Personal 101,437 20,298 (22,473) 4,392 103,654 Auto 171,979 16,852 (13,418) 6,861 182,274 Other 7,009 1,311 (713) 155 7,762 Total Consumer 378,558 50,443 (56,631) 15,010 387,380 Total - Loans $ 762,148 $ 49,539 $ (64,290) $ 22,088 $ 769,485 Allowance for credit losses - unfunded commitments: Commercial $ 9,075 $ (1,264) $ - $ - $ 7,811 Construction 5,052 106 - - 5,158 Consumer 42 42 - - 84 Ending balance - unfunded commitments [1] $ 14,169 $ (1,116) $ - $ - $ 13,053 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 2025 BPPR Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 2,783 $ 905 $ - $ - $ 8 $ 3,696 Commercial real estate non-owner occupied 44,852 (2,759) - (86) 1,132 43,139 Commercial real estate owner occupied 37,355 (2,918) - (103) 1,514 35,848 Commercial and industrial 130,136 (7,026) - (5,778) 5,870 123,202 Total Commercial 215,126 (11,798) - (5,967) 8,524 205,885 Construction 2,743 332 - - - 3,075 Mortgage 72,901 (2,870) 9 (985) 5,911 74,966 Leasing 16,419 9,629 - (8,526) 2,518 20,040 Consumer Credit cards 99,130 26,916 - (38,876) 5,136 92,306 Home equity lines of credit 54 (421) - (25) 446 54 Personal 91,296 35,709 - (41,506) 7,392 92,891 Auto 165,995 36,323 - (34,474) 14,430 182,274 Other 7,002 2,020 - (1,580) 316 7,758 Total Consumer 363,477 100,547 - (116,461) 27,720 375,283 Total - Loans $ 670,666 $ 95,840 $ 9 $ (131,939) $ 44,673 $ 679,249 Allowance for credit losses - unfunded commitments: Commercial $ 6,725 $ (849) $ - $ - $ - $ 5,876 Construction 1,663 206 - - - 1,869 Ending balance - unfunded commitments [1] $ 8,388 $ (643) $ - $ - $ - $ 7,745 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 2025 Popular U.S. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 6,453 $ 7,194 $ (563) $ 1 $ 13,085 Commercial real estate non-owner occupied 9,642 6,336 - - 15,978 Commercial real estate owner occupied 12,473 193 (26) 563 13,203 Commercial and industrial 15,870 3,010 (1,196) 476 18,160 Total Commercial 44,438 16,733 (1,785) 1,040 60,426 Construction 8,521 (1,017) - - 7,504 Mortgage 9,508 484 - 217 10,209 Consumer Home equity lines of credit 1,449 (935) (46) 862 1,330 Personal 11,440 3,617 (5,546) 1,252 10,763 Other 2 35 (42) 9 4 Total Consumer 12,891 2,717 (5,634) 2,123 12,097 Total - Loans $ 75,358 $ 18,917 $ (7,419) $ 3,380 $ 90,236 Allowance for credit losses - unfunded commitments: Commercial $ 1,662 $ 273 $ - $ - $ 1,935 Construction 5,409 (2,120) - - 3,289 Consumer 11 73 - - 84 Ending balance - unfunded commitments [1] $ 7,082 $ (1,774) $ - $ - $ 5,308 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 2025 Popular Inc. Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 9,236 $ 8,099 $ - $ (563) $ 9 $ 16,781 Commercial real estate non-owner occupied 54,494 3,577 - (86) 1,132 59,117 Commercial real estate owner occupied 49,828 (2,725) - (129) 2,077 49,051 Commercial and industrial 146,006 (4,016) - (6,974) 6,346 141,362 Total Commercial 259,564 4,935 - (7,752) 9,564 266,311 Construction 11,264 (685) - - - 10,579 Mortgage 82,409 (2,386) 9 (985) 6,128 85,175 Leasing 16,419 9,629 - (8,526) 2,518 20,040 Consumer Credit cards 99,130 26,916 - (38,876) 5,136 92,306 Home equity lines of credit 1,503 (1,356) - (71) 1,308 1,384 Personal 102,736 39,326 - (47,052) 8,644 103,654 Auto 165,995 36,323 - (34,474) 14,430 182,274 Other 7,004 2,055 - (1,622) 325 7,762 Total Consumer 376,368 103,264 - (122,095) 29,843 387,380 Total - Loans $ 746,024 $ 114,757 $ 9 $ (139,358) $ 48,053 $ 769,485 Allowance for credit losses - unfunded commitments: Commercial $ 8,387 $ (576) $ - $ - $ - $ 7,811 Construction 7,072 (1,914) - - - 5,158 Consumer 11 73 - - - 84 Ending balance - unfunded commitments [1] $ 15,470 $ (2,417) $ - $ - $ - $ 13,053 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended June 30, 2024 BPPR Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 3,567 $ (264) $ - $ - $ - $ 3,303 Commercial real estate non-owner occupied 53,666 (324) - - 44 53,386 Commercial real estate owner occupied 43,537 (5,296) - - 1,134 39,375 Commercial and industrial 102,844 14,440 - (8,072) 2,051 111,263 Total Commercial 203,614 8,556 - (8,072) 3,229 207,327 Construction 3,114 524 - - - 3,638 Mortgage 76,564 (6,419) 6 (26) 3,775 73,900 Leasing 8,991 8,094 - (3,841) 1,141 14,385 Consumer Credit cards 88,169 11,856 - (16,419) 2,707 86,313 Home equity lines of credit 102 22 - (94) 53 83 Personal 99,504 15,492 - (23,293) 2,318 94,021 Auto 157,456 10,250 - (16,609) 6,352 157,449 Other 6,808 210 - (680) 151 6,489 Total Consumer 352,039 37,830 - (57,095) 11,581 344,355 Total - Loans $ 644,322 $ 48,585 $ 6 $ (69,034) $ 19,726 $ 643,605 Allowance for credit losses - unfunded commitments: Commercial $ 4,942 $ 598 $ - $ - $ - $ 5,540 Construction 1,441 654 - - - 2,095 Ending balance - unfunded commitments [1] $ 6,383 $ 1,252 $ - $ - $ - $ 7,635 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended June 30, 2024 Popular U.S. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 9,176 $ (1,303) $ - $ 4 $ 7,877 Commercial real estate non-owner occupied 11,958 (1,151) - 42 10,849 Commercial real estate owner occupied 20,270 (1,514) - 59 18,815 Commercial and industrial 17,574 (1,367) (1,195) 207 15,219 Total Commercial 58,978 (5,335) (1,195) 312 52,760 Construction 8,025 1,126 - 100 9,251 Mortgage 9,874 (502) (18) 35 9,389 Consumer Home equity lines of credit 1,770 (510) (14) 397 1,643 Personal 16,573 795 (4,596) 655 13,427 Other 2 (2) (18) 20 2 Total Consumer 18,345 283 (4,628) 1,072 15,072 Total - Loans $ 95,222 $ (4,428) $ (5,841) $ 1,519 $ 86,472 Allowance for credit losses - unfunded commitments: Commercial $ 2,542 $ 308 $ - $ - $ 2,850 Construction 7,837 562 - - 8,399 Consumer 5 (5) - - - Ending balance - unfunded commitments [1] $ 10,384 $ 865 $ - $ - $ 11,249 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended June 30, 2024 Popular Inc. Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 12,743 $ (1,567) $ - $ - $ 4 $ 11,180 Commercial real estate non-owner occupied 65,624 (1,475) - - 86 64,235 Commercial real estate owner occupied 63,807 (6,810) - - 1,193 58,190 Commercial and industrial 120,418 13,073 - (9,267) 2,258 126,482 Total Commercial 262,592 3,221 - (9,267) 3,541 260,087 Construction 11,139 1,650 - - 100 12,889 Mortgage 86,438 (6,921) 6 (44) 3,810 83,289 Leasing 8,991 8,094 - (3,841) 1,141 14,385 Consumer Credit cards 88,169 11,856 - (16,419) 2,707 86,313 Home equity lines of credit 1,872 (488) - (108) 450 1,726 Personal 116,077 16,287 - (27,889) 2,973 107,448 Auto 157,456 10,250 - (16,609) 6,352 157,449 Other 6,810 208 - (698) 171 6,491 Total Consumer 370,384 38,113 - (61,723) 12,653 359,427 Total - Loans $ 739,544 $ 44,157 $ 6 $ (74,875) $ 21,245 $ 730,077 Allowance for credit losses - unfunded commitments: Commercial $ 7,484 $ 906 $ - $ - $ - $ 8,390 Construction 9,278 1,216 - - - 10,494 Consumer 5 (5) - - - - Ending balance - unfunded commitments [1] $ 16,767 $ 2,117 $ - $ - $ - $ 18,884 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 2024 BPPR Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 3,614 $ (312) $ - $ - $ 1 $ 3,303 Commercial real estate non-owner occupied 53,754 (737) - - 369 53,386 Commercial real estate owner occupied 40,637 (149) - (2,785) 1,672 39,375 Commercial and industrial 107,577 14,816 - (14,741) 3,611 111,263 Total Commercial 205,582 13,618 - (17,526) 5,653 207,327 Construction 5,294 (1,656) - - - 3,638 Mortgage 72,440 (6,738) 23 (791) 8,966 73,900 Leasing 9,708 11,062 - (8,691) 2,306 14,385 Consumer Credit cards 80,487 33,496 - (32,815) 5,145 86,313 Home equity lines of credit 103 125 - (291) 146 83 Personal 101,181 35,755 - (47,642) 4,727 94,021 Auto 157,931 23,621 - (36,776) 12,673 157,449 Other 7,132 310 - (1,344) 391 6,489 Total Consumer 346,834 93,307 - (118,868) 23,082 344,355 Total - Loans $ 639,858 $ 109,593 $ 23 $ (145,876) $ 40,007 $ 643,605 Allowance for credit losses - unfunded commitments: Commercial $ 5,062 $ 478 $ - $ - $ - $ 5,540 Construction 1,618 477 - - - 2,095 Ending balance - unfunded commitments [1] $ 6,680 $ 955 $ - $ - $ - $ 7,635 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 2024 Popular U.S. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 10,126 $ (1,813) $ (441) $ 5 $ 7,877 Commercial real estate non-owner occupied 11,699 (956) - 106 10,849 Commercial real estate owner occupied 16,227 2,505 - 83 18,815 Commercial and industrial 14,779 1,836 (1,759) 363 15,219 Total Commercial 52,831 1,572 (2,200) 557 52,760 Construction 7,392 1,759 - 100 9,251 Mortgage 10,774 (1,427) (18) 60 9,389 Consumer Home equity lines of credit 1,875 (763) (21) 552 1,643 Personal 16,609 5,786 (10,308) 1,340 13,427 Other 2 23 (49) 26 2 Total Consumer 18,486 5,046 (10,378) 1,918 15,072 Total - Loans $ 89,483 $ 6,950 $ (12,596) $ 2,635 $ 86,472 Allowance for credit losses - unfunded commitments: Commercial $ 1,851 $ 999 $ - $ - $ 2,850 Construction 8,446 (47) - - 8,399 Consumer 29 (29) - - - Ending balance - unfunded commitments [1] $ 10,326 $ 923 $ - $ - $ 11,249 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 2024 Popular Inc. Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 13,740 $ (2,125) $ - $ (441) $ 6 $ 11,180 Commercial real estate non-owner occupied 65,453 (1,693) - - 475 64,235 Commercial real estate owner occupied 56,864 2,356 - (2,785) 1,755 58,190 Commercial and industrial 122,356 16,652 - (16,500) 3,974 126,482 Total Commercial 258,413 15,190 - (19,726) 6,210 260,087 Construction 12,686 103 - - 100 12,889 Mortgage 83,214 (8,165) 23 (809) 9,026 83,289 Leasing 9,708 11,062 - (8,691) 2,306 14,385 Consumer Credit cards 80,487 33,496 - (32,815) 5,145 86,313 Home equity lines of credit 1,978 (638) - (312) 698 1,726 Personal 117,790 41,541 - (57,950) 6,067 107,448 Auto 157,931 23,621 - (36,776) 12,673 157,449 Other 7,134 333 - (1,393) 417 6,491 Total Consumer 365,320 98,353 - (129,246) 25,000 359,427 Total - Loans $ 729,341 $ 116,543 $ 23 $ (158,472) $ 42,642 $ 730,077 Allowance for credit losses - unfunded commitments: Commercial $ 6,913 $ 1,477 $ - $ - $ - $ 8,390 Construction 10,064 430 - - - 10,494 Consumer 29 (29) - - - - Ending balance - unfunded commitments [1] $ 17,006 $ 1,878 $ - $ - $ - $ 18,884 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.
Financing receivable modified for debtors experiencing financial difficulty | Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the quarter ended June 30, 2025 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Commercial and industrial $ 837 0.01 % $ - - % $ 837 0.01 % Mortgage 69 - % - - % 69 - % Consumer: - Credit cards 395 0.03 % - - % 395 0.03 % Personal 1,159 0.06 % - - % 1,159 0.06 % Total $ 2,460 0.01 % $ - - % $ 2,460 0.01 % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable CRE non-owner occupied $ 108 - % $ 58,652 2.68 % $ 58,760 1.06 % CRE owner occupied 5,308 0.44 % - - % 5,308 0.18 % Commercial and industrial 5,693 0.10 % - - % 5,693 0.07 % Mortgage 12,983 0.18 % 665 0.05 % 13,648 0.16 % Consumer: - Personal 260 0.01 % 21 0.02 % 281 0.01 % Auto 49 - % - - % 49 - % Total $ 24,401 0.09 % $ 59,338 0.52 % $ 83,739 0.22 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable CRE non-owner occupied $ 4,436 0.13 % $ - - % $ 4,436 0.08 % CRE owner occupied 8,827 0.73 % - - % 8,827 0.29 % Commercial and industrial 166,870 2.98 % - - % 166,870 2.07 % Mortgage 420 0.01 % - - % 420 - % Total $ 180,553 0.67 % $ - - % $ 180,553 0.47 % Combination - Term Extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Commercial and industrial $ 100 - % $ - - % $ 100 - % Mortgage 3,936 0.06 % - - % 3,936 0.05 % Consumer: Personal 3,429 0.19 % 73 0.09 % 3,502 0.19 % Auto 16 - % - - % 16 - % Total $ 7,481 0.03 % $ 73 - % $ 7,554 0.02 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Commercial and industrial $ 310 0.01 % $ - - % $ 310 - % Consumer: Credit cards 2,293 0.19 % - - % 2,293 0.19 % Total $ 2,603 0.01 % $ - - % $ 2,603 0.01 % Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the six months ended June 30, 2025 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Commercial and industrial $ 2,048 0.04 % $ - - % $ 2,048 0.03 % Mortgage 69 - % - - % 69 - % Consumer: Credit cards 542 0.04 % - - % 542 0.04 % Personal 2,280 0.13 % - - % 2,280 0.12 % Other 5 - % - - % 5 - % Total $ 4,944 0.02 % $ - - % $ 4,944 0.01 % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable CRE non-owner occupied $ 108 - % $ 58,652 2.68 % $ 58,760 1.06 % CRE owner occupied 5,308 0.44 % - - % 5,308 0.18 % Commercial and industrial 11,271 0.20 % - - % 11,271 0.14 % Mortgage 22,922 0.32 % 665 0.05 % 23,587 0.28 % Consumer: Personal 495 0.03 % 21 0.02 % 516 0.03 % Auto 87 - % - - % 87 - % Total $ 40,191 0.15 % $ 59,338 0.52 % $ 99,529 0.26 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable CRE non-owner occupied $ 4,436 0.13 % $ - - % $ 4,436 0.08 % CRE owner occupied 20,980 1.75 % - - % 20,980 0.70 % Commercial and industrial 177,506 3.17 % - - % 177,506 2.21 % Mortgage 420 0.01 % - - % 420 - % Total $ 203,342 0.76 % $ - - % $ 203,342 0.53 % Combination - Term Extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Commercial and industrial $ 100 - % $ - - % $ 100 - % Mortgage 7,061 0.10 % - - % 7,061 0.08 % Consumer: Personal 6,534 0.36 % 114 0.14 % 6,648 0.35 % Auto 16 - % - - % 16 - % Total $ 13,711 0.05 % $ 114 - % $ 13,825 0.04 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2025 % of total class of Financing Receivable Commercial and industrial $ 861 0.02 % $ - - % $ 861 0.01 % Consumer: Credit cards 4,867 0.40 % - - % 4,867 0.40 % Total $ 5,728 0.02 % $ - - % $ 5,728 0.02 % Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the quarter ended June 30, 2024 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE owner occupied $ 33 - % $ - - % $ 33 - % Commercial and industrial 1,747 0.03 % - - % 1,747 0.02 % Mortgage 42 - % - - % 42 - % Consumer: Credit cards 422 0.04 % - - % 422 0.04 % Personal 848 0.05 % - - % 848 0.05 % Other 25 0.02 % - - % 25 0.02 % Total $ 3,117 0.01 % $ - - % $ 3,117 0.01 % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 3,084 0.10 % $ - - % $ 3,084 0.06 % CRE owner occupied 1,134 0.08 % 6,071 0.35 % 7,205 0.23 % Commercial and industrial 23,059 0.46 % - - % 23,059 0.32 % Mortgage 16,933 0.26 % 642 0.05 % 17,575 0.22 % Consumer: Personal 238 0.01 % 136 0.10 % 374 0.02 % Auto 56 - % - - % 56 - % Total $ 44,504 0.18 % $ 6,849 0.07 % $ 51,353 0.14 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 57,071 1.92 % $ - - % $ 57,071 1.14 % CRE owner occupied 6,230 0.44 % - - % 6,230 0.20 % Commercial and industrial 52,124 1.04 % - - % 52,124 0.72 % Mortgage 127 - % - - % 127 - % Total $ 115,552 0.46 % $ - - % $ 115,552 0.32 % Combination - Term Extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Commercial and industrial $ 490 0.01 % $ - - % $ 490 0.01 % Mortgage 5,246 0.08 % 31 - % 5,277 0.07 % Consumer: Personal 2,190 0.13 % - - % 2,190 0.12 % Total $ 7,926 0.03 % $ 31 - % $ 7,957 0.02 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Commercial and industrial $ 89 - % $ - - % $ 89 - % Consumer: Credit cards 243 0.02 % - - % 243 0.02 % Total $ 332 - % $ - - % $ 332 - % Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the six months ended June 30, 2024 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE owner occupied $ 33 - % $ - - % $ 33 - % Commercial and industrial 2,122 0.04 % - - % 2,122 0.03 % Mortgage 42 - % - - % 42 - % Consumer: Credit cards 549 0.05 % - - % 549 0.05 % Personal 1,085 0.06 % - - % 1,085 0.06 % Other 25 0.02 % - - % 25 0.02 % Total $ 3,856 0.02 % $ - - % $ 3,856 0.01 % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 39,484 1.33 % $ - - % $ 39,484 0.79 % CRE owner occupied 11,718 0.83 % 6,071 0.35 % 17,789 0.57 % Commercial and industrial 23,767 0.48 % - - % 23,767 0.33 % Mortgage 29,868 0.45 % 642 0.05 % 30,510 0.39 % Consumer: Personal 436 0.02 % 141 0.10 % 577 0.03 % Auto 56 - % - - % 56 - % Total $ 105,329 0.42 % $ 6,854 0.07 % $ 112,183 0.32 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 57,071 1.92 % $ - - % $ 57,071 1.14 % CRE owner occupied 16,207 1.14 % - - % 16,207 0.52 % Commercial and industrial 56,477 1.13 % - - % 56,477 0.78 % Mortgage 127 - % - - % 127 - % Total $ 129,882 0.52 % $ - - % $ 129,882 0.36 % Combination - Term Extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 890 0.03 % $ - - % $ 890 0.02 % Commercial and industrial 586 0.01 % - - % 586 0.01 % Mortgage 8,655 0.13 % 68 0.01 % 8,723 0.11 % Consumer: Personal 3,234 0.19 % 144 0.11 % 3,378 0.18 % Total $ 13,365 0.05 % $ 212 - % $ 13,577 0.04 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Commercial and industrial $ 89 - % - - 89 - % Consumer: Credit cards 539 0.05 % - - 539 0.05 % Total $ 628 - % $ - - $ 628 - % The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulties: For the quarter ended June 30, 2025 Interest rate reduction Loan Type Financial Effect Commercial and industrial Reduced weighted-average contractual interest rate from 22.7 % to 9.9 %. Mortgage Reduced weighted-average contractual interest rate from 7 .0% to 5.4 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 20.8 % to 7.9 %. Personal Reduced weighted-average contractual interest rate from 20.9 % to 11.1 %. Auto Reduced weighted-average contractual interest rate from 18.3 0% to 18.29 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 2 years to the life of loans. CRE Owner occupied Added a weighted-average of 17 months to the life of loans. Commercial and industrial Added a weighted-average of 10 months to the life of loans. Mortgage Added a weighted-average of 12 years to the life of loans. Consumer: Personal Added a weighted-average of 5 years to the life of loans. Auto Added a weighted-average of 19 months to the life of loans. Other than insignificant payment delays Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 13 months to the life of loans. CRE Owner occupied Added a weighted-average of 14 months to the life of loans. Commercial and industrial Added a weighted-average of 11 months to the life of loans. Mortgage Added a weighted-average of 20 months to the life of loans. Consumer: Credit cards Added a weighted-average of 17 months to the life of loans. For the six months ended June 30, 2025 Interest rate reduction Loan Type Financial Effect Commercial and industrial Reduced weighted-average contractual interest rate from 24.3 % to 9.7 %. Mortgage Reduced weighted-average contractual interest rate from 6.8 % to 5.5 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 21 .0% to 8.2 %. Personal Reduced weighted-average contractual interest rate from 21.3 % to 11.5 %. Auto Reduced weighted-average contractual interest rate from 18.3 0% to 18.29 %. Other Reduced weighted-average contractual interest rate from 18 .0% to 0 .0%. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 2 years to the life of loans. CRE Owner occupied Added a weighted-average of 17 months to the life of loans. Commercial and industrial Added a weighted-average of 17 months to the life of loans. Mortgage Added a weighted-average of 13 years to the life of loans. Consumer: Personal Added a weighted-average of 5 years to the life of loans. Auto Added a weighted-average of 2 years to the life of loans. Other than insignificant payment delay Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 13 months to the life of loans. CRE Owner occupied Added a weighted-average of 10 months to the life of loans. Commercial and industrial Added a weighted-average of 11 months to the life of loans. Mortgage Added a weighted-average of 20 months to the life of loans. Consumer: Credit cards Added a weighted-average of 18 months to the life of loans. For the quarter ended June 30, 2024 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 12 .0% to 5 .0%. Commercial and industrial Reduced weighted-average contractual interest rate from 18 .0% to 9.3 %. Mortgage Reduced weighted-average contractual interest rate from 6.4 % to 4.4 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 19.7 % to 4.2 %. Personal Reduced weighted-average contractual interest rate from 19.2 % to 10.1 %. Other Reduced weighted-average contractual interest rate from 18 .0% to 0 .0%. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 2 months to the life of loans. CRE Owner occupied Added a weighted-average of 8 months to the life of loans. Commercial and industrial Added a weighted-average of 11 months to the life of loans. Mortgage Added a weighted-average of 13 years to the life of loans. Consumer: Personal Added a weighted-average of 10 years to the life of loans. Auto Added a weighted-average of 4 years to the life of loans. Other than insignificant payment delay Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 12 months to the life of loans. CRE Owner occupied Added a weighted-average of 8 months to the life of loans. Commercial and industrial Added a weighted-average of 11 months to the life of loans. Mortgage Added a weighted-average of 30 months to the life of loans. Consumer: Credit cards Added a weighted-average of 24 months to the life of loans. For the six months ended June 30, 2024 Interest rate reduction Loan Type Financial Effect CRE Non-owner occupied Reduced weighted-average contractual interest rate from 10.1 % to 8.3 %. CRE Owner occupied Reduced weighted-average contractual interest rate from 12 .0% to 5 .0%. Commercial and industrial Reduced weighted-average contractual interest rate from 19.2 % to 9.4 %. Mortgage Reduced weighted-average contractual interest rate from 6.2 % to 4.5 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 20.2 % to 5 .0%. Personal Reduced weighted-average contractual interest rate from 18.8 % to 10 .0%. Other Reduced weighted-average contractual interest rate from 18 .0% to 0 .0%. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 11 months to the life of loans. CRE Owner occupied Added a weighted-average of 8 months to the life of loans. Commercial and industrial Added a weighted-average of 11 months to the life of loans. Mortgage Added a weighted-average of 13 years to the life of loans. Consumer: Personal Added a weighted-average of 10 years to the life of loans. Auto Added a weighted-average of 4 years to the life of loans. Other than insignificant payment delay Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 12 months to the life of loans. CRE Owner occupied Added a weighted-average of 11 months to the life of loans. Commercial and industrial Added a weighted-average of 11 months to the life of loans. Mortgage Added a weighted-average of 30 months to the life of loans. Consumer: Credit cards Added a weighted-average of 23 months to the life of loans. BPPR June 30, 2025 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE non-owner occupied $ - $ - $ 556 $ 556 $ 4,536 $ 5,092 $ 448 $ 108 CRE owner occupied 386 - 2,583 2,969 43,635 46,604 429 2,154 Commercial and industrial 291 92 2,325 2,708 215,888 218,596 387 1,938 Mortgage 5,765 2,431 18,854 27,050 31,215 58,265 4,876 13,978 Consumer: Credit cards 729 539 1,153 2,421 5,851 8,272 882 271 Personal 631 300 2,365 3,296 13,243 16,539 281 2,084 Auto - - - - 135 135 - - Other - - - - 5 5 - - Total $ 7,802 $ 3,362 $ 27,836 $ 39,000 $ 314,508 $ 353,508 $ 7,303 $ 20,533 [1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported. Popular U.S. June 30, 2025 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default Commercial multi-family $ - $ - $ - $ - $ 5,791 5,791 $ - $ - CRE non-owner occupied - - - - 58,652 58,652 - - Commercial and industrial - - - - 609 609 - - Mortgage - - - - 1,481 1,481 - - Consumer: Personal 17 - - 17 208 225 - - Total $ 17 $ - $ - $ 17 $ 66,741 $ 66,758 $ - $ - [1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported. Popular Inc. June 30, 2025 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default Commercial multi-family $ - $ - $ - $ - $ 5,791 $ 5,791 $ - $ - CRE non-owner occupied - - 556 556 63,188 63,744 448 108 CRE owner occupied 386 - 2,583 2,969 43,635 46,604 429 2,154 Commercial and industrial 291 92 2,325 2,708 216,497 219,205 387 1,938 Mortgage 5,765 2,431 18,854 27,050 32,696 59,746 4,876 13,978 Consumer: Credit cards 729 539 1,153 2,421 5,851 8,272 882 271 Personal 648 300 2,365 3,313 13,451 16,764 281 2,084 Auto - - - - 135 135 - - Other - - - - 5 5 - - Total $ 7,819 $ 3,362 $ 27,836 $ 39,017 $ 381,249 $ 420,266 $ 7,303 $ 20,533 [1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported. The following tables present, by class, the performance of loans that have been modified during the twelve months preceding June 30, 2024. BPPR June 30, 2024 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default Commercial multi-family $ - $ - $ 64 $ 64 $ - $ 64 $ - $ 64 CRE non-owner occupied 176 - 2,847 3,023 123,280 126,303 - 2,847 CRE owner occupied 335 - 1,976 2,311 187,369 189,680 - 1,976 Commercial and industrial 379 27 16,325 16,731 81,051 97,782 11,994 4,331 Mortgage 8,969 3,596 23,535 36,100 46,337 82,437 4,833 18,702 Consumer: Credit cards 81 174 113 368 1,269 1,637 79 34 Personal 78 172 1,461 1,711 5,085 6,796 232 1,229 Auto - - 48 48 59 107 - 48 Other - - 25 25 4 29 - 25 Total $ 10,018 $ 3,969 $ 46,394 $ 60,381 $ 444,454 $ 504,835 $ 17,138 $ 29,256 [1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported. Popular U.S. June 30, 2024 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE owner occupied $ - $ - $ - $ - $ 48,948 $ 48,948 $ - $ - Mortgage - - 772 772 919 1,691 - 772 Consumer: Personal 19 24 110 153 164 317 3 107 Total $ 19 $ 24 $ 882 $ 925 $ 50,031 $ 50,956 $ 3 $ 879 [1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported. Popular Inc. June 30, 2024 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default Commercial multi-family $ - $ - $ 64 $ 64 $ - $ 64 $ - $ 64 CRE non-owner occupied 176 - 2,847 3,023 123,280 126,303 - 2,847 CRE owner occupied 335 - 1,976 2,311 236,317 238,628 - 1,976 Commercial and industrial 379 27 16,325 16,731 81,051 97,782 11,994 4,331 Mortgage 8,969 3,596 24,307 36,872 47,256 84,128 4,833 19,474 Consumer: Credit cards 81 174 113 368 1,269 1,637 79 34 Personal 97 196 1,571 1,864 5,249 7,113 235 1,336 Auto - - 48 48 59 107 - 48 Other - - 25 25 4 29 - 25 Total $ 10,037 $ 3,993 $ 47,276 $ 61,306 $ 494,485 $ 555,791 $ 17,141 $ 30,135 [1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported.
Loans Subsequent Default | The following tables provide the outstanding balance of loans modified for borrowers under financial difficulties that were subject to payment default and that had been modified during the twelve months prior to default. Amortized Cost Basis of Modified Financing Receivables That Subsequently Defaulted During the Quarter Ended June 30, 2025 (In thousands) Interest Rate Reduction Term Extension Other-Than- Insignificant Payment Delays Combination - Term Extension and Interest Rate Reduction Combination - Other- Than-Insignificant Payment Delays and Interest Rate Reduction Total CRE non-owner occupied $ - $ - $ 448 $ - $ - $ 448 CRE owner occupied - - 254 - - 254 Commercial and industrial 70 - - - 318 388 Mortgage - 4,478 - 1,256 - 5,734 Consumer: Credit cards 172 - - - 771 943 Personal 127 105 - 139 - 371 Total $ 369 $ 4,583 $ 702 $ 1,395 $ 1,089 $ 8,138 Amortized Cost Basis of Modified Financing Receivables That Subsequently Defaulted During the Six Months Ended June 30, 2025 (In thousands) Interest Rate Reduction Term Extension Other-Than- Insignificant Payment Delays Combination - Term Extension and Interest Rate Reduction Combination - Other- Than-Insignificant Payment Delays and Interest Rate Reduction Total CRE non-owner occupied $ - $ - $ 448 $ - $ - $ 448 CRE owner occupied - 88 429 - - 517 Commercial and industrial 99 - 30 - 395 524 Mortgage - 8,129 - 1,411 - 9,540 Consumer: Credit cards 290 - - - 983 1,273 Personal 143 105 - 147 - 395 Total $ 532 $ 8,322 $ 907 $ 1,558 $ 1,378 $ 12,697 Amortized Cost Basis of Modified Financing Receivables That Subsequently Defaulted During the Quarter Ended June 30, 2024 (In thousands) Interest Rate Reduction Term Extension Other-Than- Insignificant Payment Delays Combination - Term Extension and Interest Rate Reduction Combination - Other- Than-Insignificant Payment Delays and Interest Rate Reduction Total Commercial and industrial $ - $ 57 $ 22 $ - $ 51 $ 130 Mortgage - 5,012 - 1,246 - 6,258 Consumer: Credit cards 60 - - - 76 136 Personal 270 - - 66 - 336 Total $ 330 $ 5,069 $ 22 $ 1,312 $ 127 $ 6,860 Amortized Cost Basis of Modified Financing Receivables That Subsequently Defaulted During the Six Months Ended June 30, 2024 (In thousands) Interest Rate Reduction Term Extension Other-Than- Insignificant Payment Delays Combination - Term Extension and Interest Rate Reduction Combination - Other- Than-Insignificant Payment Delays and Interest Rate Reduction Total CRE owner occupied $ - $ 543 $ - $ - $ - $ 543 Commercial and industrial - 11,936 32 - 76 12,044 Mortgage - 6,707 - 1,548 - 8,255 Consumer: Credit cards 85 - - - 147 232 Personal 309 - - 144 - 453 Total $ 394 $ 19,186 $ 32 $ 1,692 $ 223 $ 21,527
Financing Receivable Credit Quality Indicators | The following tables present the amortized cost basis, net of unearned income, of loans held-in-portfolio based on the Corporation’s assignment of obligor risk ratings as defined at June 30, 2025 and December 31, 2024 and the gross write-offs recorded by vintage year. For the definitions of the obligor risk ratings, refer to the Credit Quality section of Note 8 to the Consolidated Financial Statements included in the 2024 Form 10-K: June 30, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total BPPR Commercial: Commercial multi-family Pass $ 5,807 $ 49,680 $ 36,848 $ 134,824 $ 20,776 $ 49,916 $ 107 $ - $ 297,958 Watch - - - 532 - 974 - - 1,506 Special Mention - - - - - 3,052 - - 3,052 Substandard - - - - - 3,847 - - 3,847 Total commercial multi-family $ 5,807 $ 49,680 $ 36,848 $ 135,356 $ 20,776 $ 57,789 $ 107 $ - $ 306,363 Commercial real estate non-owner occupied Pass $ 170,876 $ 435,905 $ 277,255 $ 800,396 $ 539,661 $ 851,734 $ 6,502 $ - $ 3,082,329 Watch 8,463 9,012 2,133 736 4,929 55,975 72 - 81,320 Special Mention - - 40,950 150 - 21,642 - - 62,742 Substandard - 14,255 8,650 30,652 26,150 23,886 - - 103,593 Total commercial real estate non- owner occupied $ 179,339 $ 459,172 $ 328,988 $ 831,934 $ 570,740 $ 953,237 $ 6,574 $ - $ 3,329,984 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 86 $ - $ - $ 86 Commercial real estate owner occupied Pass $ 37,062 $ 137,720 $ 79,163 $ 103,152 $ 183,384 $ 334,315 $ 6,647 $ - $ 881,443 Watch 1,871 14,458 5,509 26,227 21,246 80,797 - - 150,108 Special Mention - - 1,671 16,158 743 11,605 1,461 - 31,638 Substandard - 361 1,581 45,868 2,600 76,599 11,823 - 138,832 Doubtful - - - - - 85 - - 85 Total commercial real estate owner occupied $ 38,933 $ 152,539 $ 87,924 $ 191,405 $ 207,973 $ 503,401 $ 19,931 $ - $ 1,202,106 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 103 $ - $ - $ 103 Commercial and industrial Pass $ 610,403 $ 726,378 $ 802,741 $ 507,669 $ 213,257 $ 406,259 $ 1,375,443 $ - $ 4,642,150 Watch 24,809 98,741 24,041 69,784 52,631 24,827 114,548 - 409,381 Special Mention 25 20,707 15,190 193 155,494 3,748 15,670 - 211,027 Substandard 4,506 14,137 39,212 77,310 4,268 27,254 165,473 - 332,160 Doubtful - - - - - 6 - - 6 Total commercial and industrial $ 639,743 $ 859,963 $ 881,184 $ 654,956 $ 425,650 $ 462,094 $ 1,671,134 $ - $ 5,594,724 Year-to-Date gross write-offs $ 505 $ 134 $ 209 $ 370 $ 21 $ 207 $ 4,332 $ - $ 5,778 Construction Pass $ 12,476 $ 93,063 $ 71,433 $ 13,614 $ 2,392 $ 10,344 $ 28,788 $ - $ 232,110 Watch - - 15,355 - 82 - - - 15,437 Substandard - - - - 5,752 - - - 5,752 Total construction $ 12,476 $ 93,063 $ 86,788 $ 13,614 $ 8,226 $ 10,344 $ 28,788 $ - $ 253,299 Mortgage Pass $ 500,848 $ 896,365 $ 701,587 $ 393,941 $ 390,381 $ 4,147,454 $ - $ - $ 7,030,576 Substandard - 76 2,349 2,923 837 67,245 - - 73,430 Total mortgage $ 500,848 $ 896,441 $ 703,936 $ 396,864 $ 391,218 $ 4,214,699 $ - $ - $ 7,104,006 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 985 $ - $ - $ 985 June 30, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total BPPR Leasing Pass $ 401,501 $ 606,339 $ 415,561 $ 304,802 $ 174,810 $ 72,079 $ - $ - $ 1,975,092 Substandard 102 947 2,339 2,527 1,318 743 - - 7,976 Total leasing $ 401,603 $ 607,286 $ 417,900 $ 307,329 $ 176,128 $ 72,822 $ - $ - $ 1,983,068 Year-to-Date gross write-offs $ 96 $ 2,005 $ 2,801 $ 2,692 $ 932 $ - $ - $ - $ 8,526 Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,190,089 $ - $ 1,190,089 Substandard - - - - - - 25,179 - 25,179 Loss - - - - - - 22 - 22 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,215,290 $ - $ 1,215,290 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 38,876 $ - $ 38,876 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 1,809 $ - $ 1,809 Total HELOCs $ - $ - $ - $ - $ - $ - $ 1,809 $ - $ 1,809 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 25 $ - $ 25 Personal Pass $ 463,420 $ 565,928 $ 361,675 $ 187,632 $ 73,097 $ 94,447 $ - $ 28,023 $ 1,774,222 Substandard 23 1,776 3,660 1,823 675 7,307 - 2,295 17,559 Loss - 128 173 59 61 8 - - 429 Total Personal $ 463,443 $ 567,832 $ 365,508 $ 189,514 $ 73,833 $ 101,762 $ - $ 30,318 $ 1,792,210 Year-to-Date gross write-offs $ 55 $ 7,261 $ 19,056 $ 10,308 $ 2,754 $ 1,137 $ - $ 935 $ 41,506 Auto Pass $ 631,487 $ 1,141,753 $ 823,831 $ 563,712 $ 402,200 $ 249,272 $ - $ - $ 3,812,255 Substandard 559 10,807 13,078 10,413 7,488 7,015 - - 49,360 Loss - 17 57 8 - 5 - - 87 Total Auto $ 632,046 $ 1,152,577 $ 836,966 $ 574,133 $ 409,688 $ 256,292 $ - $ - $ 3,861,702 Year-to-Date gross write-offs $ 907 $ 14,215 $ 9,433 $ 6,088 $ 2,823 $ 1,008 $ - $ - $ 34,474 Other consumer Pass $ 11,209 $ 26,344 $ 27,484 $ 17,591 $ 8,930 $ 4,052 $ 62,591 $ - $ 158,201 Substandard - - 221 105 - 55 264 - 645 Loss - - - 1,026 550 - - - 1,576 Total Other consumer $ 11,209 $ 26,344 $ 27,705 $ 18,722 $ 9,480 $ 4,107 $ 62,855 $ - $ 160,422 Year-to-Date gross write-offs $ 12 $ 159 $ 152 $ 158 $ 115 $ 984 $ - $ - $ 1,580 Total BPPR $ 2,885,447 $ 4,864,897 $ 3,773,747 $ 3,313,827 $ 2,293,712 $ 6,636,547 $ 3,006,488 $ 30,318 $ 26,804,983 June 30, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total Popular U.S. Commercial: Commercial multi-family Pass $ 220,110 $ 141,968 $ 158,579 $ 463,959 $ 304,759 $ 713,040 $ 7,845 $ - $ 2,010,260 Watch - - - 19,739 24,169 124,218 - - 168,126 Special Mention - - - 7,922 - - - - 7,922 Substandard - - - 2,742 - 25,376 - - 28,118 Total commercial multi-family $ 220,110 $ 141,968 $ 158,579 $ 494,362 $ 328,928 $ 862,634 $ 7,845 $ - $ 2,214,426 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 563 $ - $ - $ 563 Commercial real estate non-owner occupied Pass $ 134,448 $ 184,579 $ 311,357 $ 474,945 $ 168,109 $ 650,531 $ 9,897 $ - $ 1,933,866 Watch 10,300 8,875 10,900 11,365 9,221 85,023 - - 135,684 Substandard - - 1,937 13,105 5,830 100,718 250 - 121,840 Total commercial real estate non- owner occupied $ 144,748 $ 193,454 $ 324,194 $ 499,415 $ 183,160 $ 836,272 $ 10,147 $ - $ 2,191,390 Commercial real estate owner occupied Pass $ 182,187 $ 256,245 $ 256,523 $ 265,347 $ 267,836 $ 283,143 $ 8,454 $ - $ 1,519,735 Watch - 13,500 25,370 7,838 859 55,575 - - 103,142 Special Mention - 18,056 - 38,063 - 22,984 - - 79,103 Substandard - - - 16,310 2,557 80,902 - - 99,769 Total commercial real estate owner occupied $ 182,187 $ 287,801 $ 281,893 $ 327,558 $ 271,252 $ 442,604 $ 8,454 $ - $ 1,801,749 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 26 $ - $ - $ 26 Commercial and industrial Pass $ 128,135 $ 324,089 $ 288,628 $ 319,633 $ 290,456 $ 714,577 $ 245,021 $ - $ 2,310,539 Watch - - 5,203 38,038 24,093 38,311 5,940 - 111,585 Special Mention - - 3,909 4,822 427 215 1,906 - 11,279 Substandard - 2,623 274 - 196 1,509 11,023 - 15,625 Total commercial and industrial $ 128,135 $ 326,712 $ 298,014 $ 362,493 $ 315,172 $ 754,612 $ 263,890 $ - $ 2,449,028 Year-to-Date gross write-offs $ - $ 552 $ - $ - $ 599 $ 7 $ 38 $ - $ 1,196 Construction Pass $ 153,767 $ 373,195 $ 503,352 $ 62,476 $ - $ 6,030 $ 11,641 $ - $ 1,110,461 Watch 324 3,945 4,615 67,330 - 7,057 - - 83,271 Special Mention - - 12,568 - - - - - 12,568 Substandard - - - 8,602 - - - - 8,602 Total construction $ 154,091 $ 377,140 $ 520,535 $ 138,408 $ - $ 13,087 $ 11,641 $ - $ 1,214,902 Mortgage Pass $ 82,666 $ 89,746 $ 86,297 $ 209,953 $ 267,057 $ 576,649 $ - $ - $ 1,312,368 Substandard - - 644 - - 27,409 - - 28,053 Total mortgage $ 82,666 $ 89,746 $ 86,941 $ 209,953 $ 267,057 $ 604,058 $ - $ - $ 1,340,421 June 30, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 3 $ - $ 3 Total credit cards $ - $ - $ - $ - $ - $ - $ 3 $ - $ 3 HELOCs Pass $ - $ - $ - $ - $ - $ 5,408 $ 56,341 $ 10,802 $ 72,551 Substandard - - - - - 1,478 13 558 2,049 Loss - - - - - 164 - 906 1,070 Total HELOCs $ - $ - $ - $ - $ - $ 7,050 $ 56,354 $ 12,266 $ 75,670 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 46 $ - $ 46 Personal Pass $ 11,637 $ 22,435 $ 16,958 $ 25,006 $ 5,594 $ 1,530 $ - $ - $ 83,160 Substandard - 231 228 251 49 279 - - 1,038 Loss - - 7 - - 48 - - 55 Total Personal $ 11,637 $ 22,666 $ 17,193 $ 25,257 $ 5,643 $ 1,857 $ - $ - $ 84,253 Year-to-Date gross write-offs $ - $ 1,158 $ 1,379 $ 2,535 $ 437 $ 37 $ - $ - $ 5,546 Other consumer Pass $ - $ - $ - $ - $ - $ - $ 8,353 $ - $ 8,353 Total Other consumer $ - $ - $ - $ - $ - $ - $ 8,353 $ - $ 8,353 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 42 $ - $ 42 Total Popular U.S. $ 923,574 $ 1,439,487 $ 1,687,349 $ 2,057,446 $ 1,371,212 $ 3,522,174 $ 366,687 $ 12,266 $ 11,380,195 June 30, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Pass $ 225,917 $ 191,648 $ 195,427 $ 598,783 $ 325,535 $ 762,956 $ 7,952 $ - $ 2,308,218 Watch - - - 20,271 24,169 125,192 - - 169,632 Special Mention - - - 7,922 - 3,052 - - 10,974 Substandard - - - 2,742 - 29,223 - - 31,965 Total commercial multi-family $ 225,917 $ 191,648 $ 195,427 $ 629,718 $ 349,704 $ 920,423 $ 7,952 $ - $ 2,520,789 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 563 $ - $ - $ 563 Commercial real estate non-owner occupied Pass $ 305,324 $ 620,484 $ 588,612 $ 1,275,341 $ 707,770 $ 1,502,265 $ 16,399 $ - $ 5,016,195 Watch 18,763 17,887 13,033 12,101 14,150 140,998 72 - 217,004 Special Mention - - 40,950 150 - 21,642 - - 62,742 Substandard - 14,255 10,587 43,757 31,980 124,604 250 - 225,433 Total commercial real estate non- owner occupied $ 324,087 $ 652,626 $ 653,182 $ 1,331,349 $ 753,900 $ 1,789,509 $ 16,721 $ - $ 5,521,374 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 86 $ - $ - $ 86 Commercial real estate owner occupied Pass $ 219,249 $ 393,965 $ 335,686 $ 368,499 $ 451,220 $ 617,458 $ 15,101 $ - $ 2,401,178 Watch 1,871 27,958 30,879 34,065 22,105 136,372 - - 253,250 Special Mention - 18,056 1,671 54,221 743 34,589 1,461 - 110,741 Substandard - 361 1,581 62,178 5,157 157,501 11,823 - 238,601 Doubtful - - - - - 85 - - 85 Total commercial real estate owner occupied $ 221,120 $ 440,340 $ 369,817 $ 518,963 $ 479,225 $ 946,005 $ 28,385 $ - $ 3,003,855 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 129 $ - $ - $ 129 Commercial and industrial Pass $ 738,538 $ 1,050,467 $ 1,091,369 $ 827,302 $ 503,713 $ 1,120,836 $ 1,620,464 $ - $ 6,952,689 Watch 24,809 98,741 29,244 107,822 76,724 63,138 120,488 - 520,966 Special Mention 25 20,707 19,099 5,015 155,921 3,963 17,576 - 222,306 Substandard 4,506 16,760 39,486 77,310 4,464 28,763 176,496 - 347,785 Doubtful - - - - - 6 - - 6 Total commercial and industrial $ 767,878 $ 1,186,675 $ 1,179,198 $ 1,017,449 $ 740,822 $ 1,216,706 $ 1,935,024 $ - $ 8,043,752 Year-to-Date gross write-offs $ 505 $ 686 $ 209 $ 370 $ 620 $ 214 $ 4,370 $ - $ 6,974 June 30, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total Popular, Inc. Construction Pass $ 166,243 $ 466,258 $ 574,785 $ 76,090 $ 2,392 $ 16,374 $ 40,429 $ - $ 1,342,571 Watch 324 3,945 19,970 67,330 82 7,057 - - 98,708 Special Mention - - 12,568 - - - - - 12,568 Substandard - - - 8,602 5,752 - - - 14,354 Total construction $ 166,567 $ 470,203 $ 607,323 $ 152,022 $ 8,226 $ 23,431 $ 40,429 $ - $ 1,468,201 Mortgage Pass $ 583,514 $ 986,111 $ 787,884 $ 603,894 $ 657,438 $ 4,724,103 $ - $ - $ 8,342,944 Substandard - 76 2,993 2,923 837 94,654 - - 101,483 Total mortgage $ 583,514 $ 986,187 $ 790,877 $ 606,817 $ 658,275 $ 4,818,757 $ - $ - $ 8,444,427 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 985 $ - $ - $ 985 Leasing Pass $ 401,501 $ 606,339 $ 415,561 $ 304,802 $ 174,810 $ 72,079 $ - $ - $ 1,975,092 Substandard 102 947 2,339 2,527 1,318 743 - - 7,976 Total leasing $ 401,603 $ 607,286 $ 417,900 $ 307,329 $ 176,128 $ 72,822 $ - $ - $ 1,983,068 Year-to-Date gross write-offs $ 96 $ 2,005 $ 2,801 $ 2,692 $ 932 $ - $ - $ - $ 8,526 June 30, 2025 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2025 2024 2023 2022 2021 Prior Years Total Popular, Inc. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,190,092 $ - $ 1,190,092 Substandard - - - - - - 25,179 - 25,179 Loss - - - - - - 22 - 22 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,215,293 $ - $ 1,215,293 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 38,876 $ - $ 38,876 HELOCs Pass $ - $ - $ - $ - $ - $ 5,408 $ 58,150 $ 10,802 $ 74,360 Substandard - - - - - 1,478 13 558 2,049 Loss - - - - - 164 - 906 1,070 Total HELOCs $ - $ - $ - $ - $ - $ 7,050 $ 58,163 $ 12,266 $ 77,479 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 71 $ - $ 71 Personal Pass $ 475,057 $ 588,363 $ 378,633 $ 212,638 $ 78,691 $ 95,977 $ - $ 28,023 $ 1,857,382 Substandard 23 2,007 3,888 2,074 724 7,586 - 2,295 18,597 Loss - 128 180 59 61 56 - - 484 Total Personal $ 475,080 $ 590,498 $ 382,701 $ 214,771 $ 79,476 $ 103,619 $ - $ 30,318 $ 1,876,463 Year-to-Date gross write-offs $ 55 $ 8,419 $ 20,435 $ 12,843 $ 3,191 $ 1,174 $ - $ 935 $ 47,052 Auto Pass $ 631,487 $ 1,141,753 $ 823,831 $ 563,712 $ 402,200 $ 249,272 $ - $ - $ 3,812,255 Substandard 559 10,807 13,078 10,413 7,488 7,015 - - 49,360 Loss - 17 57 8 - 5 - - 87 Total Auto $ 632,046 $ 1,152,577 $ 836,966 $ 574,133 $ 409,688 $ 256,292 $ - $ - $ 3,861,702 Year-to-Date gross write-offs $ 907 $ 14,215 $ 9,433 $ 6,088 $ 2,823 $ 1,008 $ - $ - $ 34,474 Other consumer Pass $ 11,209 $ 26,344 $ 27,484 $ 17,591 $ 8,930 $ 4,052 $ 70,944 $ - $ 166,554 Substandard - - 221 105 - 55 264 - 645 Loss - - - 1,026 550 - - - 1,576 Total Other consumer $ 11,209 $ 26,344 $ 27,705 $ 18,722 $ 9,480 $ 4,107 $ 71,208 $ - $ 168,775 Year-to-Date gross write-offs $ 12 $ 159 $ 152 $ 158 $ 115 $ 984 $ 42 $ - $ 1,622 Total Popular Inc. $ 3,809,021 $ 6,304,384 $ 5,461,096 $ 5,371,273 $ 3,664,924 $ 10,158,721 $ 3,373,175 $ 42,584 $ 38,185,178 December 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total BPPR Commercial: Commercial multi-family Pass $ 50,384 $ 37,211 $ 136,093 $ 20,939 $ 20,134 $ 34,009 $ 105 $ - $ 298,875 Watch - - 541 - - 1,601 - - 2,142 Special Mention - - - - - 3,161 - - 3,161 Substandard - - - - - 3,823 - - 3,823 Total commercial multi-family $ 50,384 $ 37,211 $ 136,634 $ 20,939 $ 20,134 $ 42,594 $ 105 $ - $ 308,001 Commercial real estate non-owner occupied Pass $ 419,200 $ 322,998 $ 828,404 $ 547,674 $ 335,060 $ 525,088 $ 6,159 $ - $ 2,984,583 Watch 26,097 2,296 654 5,349 28,832 50,924 72 - 114,224 Special Mention 7,018 41,274 156 406 - 46,390 - - 95,244 Substandard - 1,002 110 26,430 1,954 22,956 - - 52,452 Total commercial real estate non- owner occupied $ 452,315 $ 367,570 $ 829,324 $ 579,859 $ 365,846 $ 645,358 $ 6,231 $ - $ 3,246,503 Year-to-Date gross write-offs $ - $ - $ 69 $ - $ - $ 59 $ - $ - $ 128 Commercial real estate owner occupied Pass $ 131,449 $ 79,109 $ 94,008 $ 214,520 $ 46,206 $ 309,791 $ 7,214 $ - $ 882,297 Watch 14,002 2,637 64,735 7,225 4,890 85,580 3 - 179,072 Special Mention - 1,209 19,436 19,288 - 15,872 1,499 - 57,304 Substandard 455 1,651 20,528 3,872 140,579 77,098 13,021 - 257,204 Doubtful - - - - - 34 - - 34 Total commercial real estate owner occupied $ 145,906 $ 84,606 $ 198,707 $ 244,905 $ 191,675 $ 488,375 $ 21,737 $ - $ 1,375,911 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 2,793 $ - $ - $ 2,793 Commercial and industrial Pass $ 790,273 $ 910,355 $ 602,454 $ 304,227 $ 66,395 $ 331,493 $ 1,495,490 $ - $ 4,500,687 Watch 124,987 24,935 49,497 6,394 3,465 31,609 135,811 - 376,698 Special Mention 5,519 7,316 1,895 157,627 53 30,360 28,171 - 230,941 Substandard 6,063 30,496 37,558 4,203 14,776 23,135 122,275 - 238,506 Doubtful - - - - - 11 - - 11 Loss - - - - - - 51 - 51 Total commercial and industrial $ 926,842 $ 973,102 $ 691,404 $ 472,451 $ 84,689 $ 416,608 $ 1,781,798 $ - $ 5,346,894 Year-to-Date gross write-offs $ 1,099 $ 707 $ 331 $ 122 $ 2,838 $ 11,841 $ 7,617 $ - $ 24,555 Construction Pass $ 63,107 $ 53,070 $ 33,423 $ 14,908 $ 9,483 $ 1,011 $ 16,782 $ - $ 191,784 Watch - 13,872 - - - - - - 13,872 Special Mention - - - 6,058 - - - - 6,058 Substandard - - - 576 - - - - 576 Total construction $ 63,107 $ 66,942 $ 33,423 $ 21,542 $ 9,483 $ 1,011 $ 16,782 $ - $ 212,290 Mortgage Pass $ 879,075 $ 724,383 $ 409,133 $ 401,113 $ 234,486 $ 4,085,088 $ - $ - $ 6,733,278 Substandard - 1,961 1,331 1,675 347 71,289 - - 76,603 Total mortgage $ 879,075 $ 726,344 $ 410,464 $ 402,788 $ 234,833 $ 4,156,377 $ - $ - $ 6,809,881 Year-to-Date gross write-offs $ - $ 9 $ - $ 8 $ - $ 1,067 $ - $ - $ 1,084 December 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total BPPR Leasing Pass $ 731,053 $ 477,226 $ 362,426 $ 217,537 $ 104,812 $ 22,762 $ - $ - $ 1,915,816 Substandard 1,195 2,280 2,834 1,885 920 402 - - 9,516 Loss - - - - - 73 - - 73 Total leasing $ 732,248 $ 479,506 $ 365,260 $ 219,422 $ 105,732 $ 23,237 $ - $ - $ 1,925,405 Year-to-Date gross write-offs $ 1,733 $ 4,842 $ 5,373 $ 3,281 $ 694 $ 1,052 $ - $ - $ 16,975 Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,188,093 $ - $ 1,188,093 Substandard - - - - - - 29,960 - 29,960 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,218,053 $ - $ 1,218,053 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 69,731 $ - $ 69,731 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,040 $ - $ 2,040 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,040 $ - $ 2,040 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 380 $ - $ 380 Personal Pass $ 722,949 $ 499,604 $ 262,011 $ 101,155 $ 29,078 $ 91,004 $ - $ 23,802 $ 1,729,603 Substandard 924 4,965 3,561 1,221 271 8,205 - 1,626 20,773 Loss - - - 1 - - - - 1 Total Personal $ 723,873 $ 504,569 $ 265,572 $ 102,377 $ 29,349 $ 99,209 $ - $ 25,428 $ 1,750,377 Year-to-Date gross write-offs $ 2,362 $ 39,193 $ 38,077 $ 10,822 $ 2,708 $ 3,525 $ - $ 1,982 $ 98,669 Auto Pass $ 1,277,016 $ 938,769 $ 665,431 $ 494,529 $ 254,621 $ 133,054 $ - $ - $ 3,763,420 Substandard 7,239 16,876 13,579 10,775 6,377 5,131 - - 59,977 Loss 14 15 - 2 - 9 - - 40 Total Auto $ 1,284,269 $ 955,660 $ 679,010 $ 505,306 $ 260,998 $ 138,194 $ - $ - $ 3,823,437 Year-to-Date gross write-offs $ 11,229 $ 36,992 $ 20,486 $ 9,997 $ 4,965 $ 1,731 $ - $ - $ 85,400 Other consumer Pass $ 28,543 $ 29,585 $ 20,021 $ 10,129 $ 4,588 $ 3,364 $ 62,678 $ - $ 158,908 Substandard - 228 44 - 29 57 413 - 771 Loss - - - 550 - - - - 550 Total Other consumer $ 28,543 $ 29,813 $ 20,065 $ 10,679 $ 4,617 $ 3,421 $ 63,091 $ - $ 160,229 Year-to-Date gross write-offs $ 29 $ 213 $ 130 $ 96 $ 128 $ 2,205 $ - $ - $ 2,801 Total BPPR $ 5,286,562 $ 4,225,323 $ 3,629,863 $ 2,580,268 $ 1,307,356 $ 6,014,384 $ 3,109,837 $ 25,428 $ 26,179,021 December 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular U.S. Commercial: Commercial multi-family Pass $ 139,370 $ 148,423 $ 491,750 $ 313,610 $ 207,327 $ 560,891 $ 5,700 $ - $ 1,867,071 Watch - 10,974 27,441 26,679 10,668 114,419 - - 190,181 Special Mention - - 8,004 - - - - - 8,004 Substandard - - 2,761 - - 23,602 - - 26,363 Total commercial multi-family $ 139,370 $ 159,397 $ 529,956 $ 340,289 $ 217,995 $ 698,912 $ 5,700 $ - $ 2,091,619 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 441 $ - $ - $ 441 Commercial real estate non-owner occupied Pass $ 178,355 $ 368,597 $ 480,055 $ 167,839 $ 193,309 $ 456,689 $ 8,588 $ - $ 1,853,432 Watch - 12,932 17,125 13,138 45,864 64,390 300 - 153,749 Special Mention - - - - - 594 - - 594 Substandard - - 2,657 2,741 5,758 97,801 - - 108,957 Total commercial real estate non- owner occupied $ 178,355 $ 381,529 $ 499,837 $ 183,718 $ 244,931 $ 619,474 $ 8,888 $ - $ 2,116,732 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 54 $ - $ - $ 54 Commercial real estate owner occupied Pass $ 304,778 $ 257,586 $ 244,811 $ 279,419 $ 35,459 $ 246,158 $ 7,669 $ - $ 1,375,880 Watch - 25,614 13,531 32,132 16,301 54,877 - - 142,455 Special Mention - 488 69,505 34,428 27,406 10,825 - - 142,652 Substandard - - 17,101 2,596 3,678 97,473 - - 120,848 Total commercial real estate owner occupied $ 304,778 $ 283,688 $ 344,948 $ 348,575 $ 82,844 $ 409,333 $ 7,669 $ - $ 1,781,835 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 154 $ - $ - $ 154 December 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular U.S. Commercial and industrial Pass $ 260,479 $ 275,971 $ 318,564 $ 322,697 $ 268,591 $ 506,973 $ 273,222 $ - $ 2,226,497 Watch - 11,420 48,953 28,138 9,521 35,498 15,050 - 148,580 Special Mention 58 - 5,270 568 - 255 3,835 - 9,986 Substandard 2,276 - - 195 45 1,610 5,479 - 9,605 Total commercial and industrial $ 262,813 $ 287,391 $ 372,787 $ 351,598 $ 278,157 $ 544,336 $ 297,586 $ - $ 2,394,668 Year-to-Date gross write-offs $ 1,103 $ 1,571 $ 190 $ 300 $ 211 $ 480 $ 123 $ - $ 3,978 Construction Pass $ 259,194 $ 512,428 $ 155,268 $ - $ - $ 765 $ - $ - $ 927,655 Watch - 1,541 36,264 - - 7,172 24,691 - 69,668 Special Mention - 4,897 6,367 - - - - - 11,264 Substandard - - 8,104 - - 25,473 9,338 - 42,915 Total construction $ 259,194 $ 518,866 $ 206,003 $ - $ - $ 33,410 $ 34,029 $ - $ 1,051,502 Mortgage Pass $ 98,345 $ 88,788 $ 215,600 $ 272,908 $ 216,025 $ 382,746 $ - $ - $ 1,274,412 Substandard - 644 106 860 - 28,280 - - 29,890 Total mortgage $ 98,345 $ 89,432 $ 215,706 $ 273,768 $ 216,025 $ 411,026 $ - $ - $ 1,304,302 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 18 $ - $ - $ 18 December 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 26 $ - $ 26 Total credit cards $ - $ - $ - $ - $ - $ - $ 26 $ - $ 26 HELOCs Pass $ - $ - $ - $ - $ - $ 5,914 $ 50,533 $ 11,691 $ 68,138 Substandard - - - - - 1,657 15 700 2,372 Loss - - - - - 122 - 899 1,021 Total HELOCs $ - $ - $ - $ - $ - $ 7,693 $ 50,548 $ 13,290 $ 71,531 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 53 $ - $ 53 Personal Pass $ 28,083 $ 23,084 $ 41,182 $ 8,618 $ 651 $ 1,507 $ - $ - $ 103,125 Substandard 157 399 627 134 7 302 - - 1,626 Loss 53 10 - 5 - 48 - - 116 Total Personal $ 28,293 $ 23,493 $ 41,809 $ 8,757 $ 658 $ 1,857 $ - $ - $ 104,867 Year-to-Date gross write-offs $ 802 $ 4,536 $ 10,869 $ 2,458 $ 231 $ 307 $ - $ - $ 19,203 Other consumer Pass $ - $ - $ - $ - $ - $ - $ 11,537 $ - $ 11,537 Substandard - - - - - - 12 - 12 Total Other consumer $ - $ - $ - $ - $ - $ - $ 11,549 $ - $ 11,549 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 101 $ - $ 101 Total Popular U.S. $ 1,271,148 $ 1,743,796 $ 2,211,046 $ 1,506,705 $ 1,040,610 $ 2,726,041 $ 415,995 $ 13,290 $ 10,928,631 December 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Pass $ 189,754 $ 185,634 $ 627,843 $ 334,549 $ 227,461 $ 594,900 $ 5,805 $ - $ 2,165,946 Watch - 10,974 27,982 26,679 10,668 116,020 - - 192,323 Special Mention - - 8,004 - - 3,161 - - 11,165 Substandard - - 2,761 - - 27,425 - - 30,186 Total commercial multi-family $ 189,754 $ 196,608 $ 666,590 $ 361,228 $ 238,129 $ 741,506 $ 5,805 $ - $ 2,399,620 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 441 $ - $ - $ 441 Commercial real estate non-owner occupied Pass $ 597,555 $ 691,595 $ 1,308,459 $ 715,513 $ 528,369 $ 981,777 $ 14,747 $ - $ 4,838,015 Watch 26,097 15,228 17,779 18,487 74,696 115,314 372 - 267,973 Special Mention 7,018 41,274 156 406 - 46,984 - - 95,838 Substandard - 1,002 2,767 29,171 7,712 120,757 - - 161,409 Total commercial real estate non- owner occupied $ 630,670 $ 749,099 $ 1,329,161 $ 763,577 $ 610,777 $ 1,264,832 $ 15,119 $ - $ 5,363,235 Year-to-Date gross write-offs $ - $ - $ 69 $ - $ - $ 113 $ - $ - $ 182 Commercial real estate owner occupied Pass $ 436,227 $ 336,695 $ 338,819 $ 493,939 $ 81,665 $ 555,949 $ 14,883 $ - $ 2,258,177 Watch 14,002 28,251 78,266 39,357 21,191 140,457 3 - 321,527 Special Mention - 1,697 88,941 53,716 27,406 26,697 1,499 - 199,956 Substandard 455 1,651 37,629 6,468 144,257 174,571 13,021 - 378,052 Doubtful - - - - - 34 - - 34 Total commercial real estate owner occupied $ 450,684 $ 368,294 $ 543,655 $ 593,480 $ 274,519 $ 897,708 $ 29,406 $ - $ 3,157,746 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 2,947 $ - $ - $ 2,947 Commercial and industrial Pass $ 1,050,752 $ 1,186,326 $ 921,018 $ 626,924 $ 334,986 $ 838,466 $ 1,768,712 $ - $ 6,727,184 Watch 124,987 36,355 98,450 34,532 12,986 67,107 150,861 - 525,278 Special Mention 5,577 7,316 7,165 158,195 53 30,615 32,006 - 240,927 Substandard 8,339 30,496 37,558 4,398 14,821 24,745 127,754 - 248,111 Doubtful - - - - - 11 - - 11 Loss - - - - - - 51 - 51 Total commercial and industrial $ 1,189,655 $ 1,260,493 $ 1,064,191 $ 824,049 $ 362,846 $ 960,944 $ 2,079,384 $ - $ 7,741,562 Year-to-Date gross write-offs $ 2,202 $ 2,278 $ 521 $ 422 $ 3,049 $ 12,321 $ 7,740 $ - $ 28,533 December 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular, Inc. Construction Pass $ 322,301 $ 565,498 $ 188,691 $ 14,908 $ 9,483 $ 1,776 $ 16,782 $ - $ 1,119,439 Watch - 15,413 36,264 - - 7,172 24,691 - 83,540 Special Mention - 4,897 6,367 6,058 - - - - 17,322 Substandard - - 8,104 576 - 25,473 9,338 - 43,491 Total construction $ 322,301 $ 585,808 $ 239,426 $ 21,542 $ 9,483 $ 34,421 $ 50,811 $ - $ 1,263,792 Mortgage Pass $ 977,420 $ 813,171 $ 624,733 $ 674,021 $ 450,511 $ 4,467,834 $ - $ - $ 8,007,690 Substandard - 2,605 1,437 2,535 347 99,569 - - 106,493 Total mortgage $ 977,420 $ 815,776 $ 626,170 $ 676,556 $ 450,858 $ 4,567,403 $ - $ - $ 8,114,183 Year-to-Date gross write-offs $ - $ 9 $ - $ 8 $ - $ 1,085 $ - $ - $ 1,102 Leasing Pass $ 731,053 $ 477,226 $ 362,426 $ 217,537 $ 104,812 $ 22,762 $ - $ - $ 1,915,816 Substandard 1,195 2,280 2,834 1,885 920 402 - - 9,516 Loss - - - - - 73 - - 73 Total leasing $ 732,248 $ 479,506 $ 365,260 $ 219,422 $ 105,732 $ 23,237 $ - $ - $ 1,925,405 Year-to-Date gross write-offs $ 1,733 $ 4,842 $ 5,373 $ 3,281 $ 694 $ 1,052 $ - $ - $ 16,975 December 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular, Inc. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,188,119 $ - $ 1,188,119 Substandard - - - - - - 29,960 - 29,960 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,218,079 $ - $ 1,218,079 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 69,731 $ - $ 69,731 HELOCs Pass $ - $ - $ - $ - $ - $ 5,914 $ 52,573 $ 11,691 $ 70,178 Substandard - - - - - 1,657 15 700 2,372 Loss - - - - - 122 - 899 1,021 Total HELOCs $ - $ - $ - $ - $ - $ 7,693 $ 52,588 $ 13,290 $ 73,571 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 433 $ - $ 433 Personal Pass $ 751,032 $ 522,688 $ 303,193 $ 109,773 $ 29,729 $ 92,511 $ - $ 23,802 $ 1,832,728 Substandard 1,081 5,364 4,188 1,355 278 8,507 - 1,626 22,399 Loss 53 10 - 6 - 48 - - 117 Total Personal $ 752,166 $ 528,062 $ 307,381 $ 111,134 $ 30,007 $ 101,066 $ - $ 25,428 $ 1,855,244 Year-to-Date gross write-offs $ 3,164 $ 43,729 $ 48,946 $ 13,280 $ 2,939 $ 3,832 $ - $ 1,982 $ 117,872 Auto Pass $ 1,277,016 $ 938,769 $ 665,431 $ 494,529 $ 254,621 $ 133,054 $ - $ - $ 3,763,420 Substandard 7,239 16,876 13,579 10,775 6,377 5,131 - - 59,977 Loss 14 15 - 2 - 9 - - 40 Total Auto $ 1,284,269 $ 955,660 $ 679,010 $ 505,306 $ 260,998 $ 138,194 $ - $ - $ 3,823,437 Year-to-Date gross write-offs $ 11,229 $ 36,992 $ 20,486 $ 9,997 $ 4,965 $ 1,731 $ - $ - $ 85,400 Other consumer Pass $ 28,543 $ 29,585 $ 20,021 $ 10,129 $ 4,588 $ 3,364 $ 74,215 $ - $ 170,445 Substandard - 228 44 - 29 57 425 - 783 Loss - - - 550 - - - - 550 Total Other consumer $ 28,543 $ 29,813 $ 20,065 $ 10,679 $ 4,617 $ 3,421 $ 74,640 $ - $ 171,778 Year-to-Date gross write-offs $ 29 $ 213 $ 130 $ 96 $ 128 $ 2,205 $ 101 $ - $ 2,902 Total Popular Inc. $ 6,557,710 $ 5,969,119 $ 5,840,909 $ 4,086,973 $ 2,347,966 $ 8,740,425 $ 3,525,832 $ 38,718 $ 37,107,652

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- Definition Tables presenting by class, loans modified that subsequently defaulted during the period. The recorded investment shown is inclusive of all partial paydowns and charge-offs since modification date. Loans modified that were fully paid down, charged-off or foreclosed upon by period end are not reported. + References No definition available. + Details
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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
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