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Loans (Tables) - Loans Held in Portfolio | 6 Months Ended
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Jun. 30, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Loan purchases by classes of loans | The following table presents the Corporation's loan purchases for the quarters and six months ended June 30, 2025 and 2024 by class of loans: Quarters ended June 30, Six months ended June 30, (In thousands) 2025 2024 2025 2024 Commercial $ 67,726 $ 159,258 $ 74,886 $ 215,422 Mortgage 125,690 84,849 246,597 170,653 Ending balance $ 193,416 $ 244,107 $ 321,483 $ 386,075
Loan sales by classes of loans | The following table presents the Corporation’s loan sales for the quarters and six months ended June 30, 2025 and 2024 by class of loans: Quarters ended June 30, Six months ended June 30, (In thousands) 2025 2024 2025 2024 Commercial $ 1,000 $ - $ 27,349 $ - Construction - - 9,338 11,656 Mortgage 8,450 12,752 15,387 23,756 Ending balance $ 9,450 $ 12,752 $ 52,074 $ 35,412
Past due financing receivables | June 30, 2025 BPPR Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 6,337 $ - $ 174 $ 6,511 $ 299,852 $ 306,363 $ 174 $ - Commercial real estate: Non-owner occupied 113 1,679 6,084 7,876 3,322,108 3,329,984 6,084 - Owner occupied 1,087 2,098 27,320 30,505 1,171,601 1,202,106 27,320 - Commercial and industrial 4,657 2,449 12,652 19,758 5,574,966 5,594,724 8,588 4,064 Construction 3,720 - - 3,720 249,579 253,299 - - Mortgage 262,525 109,530 324,140 696,195 6,407,811 7,104,006 147,464 176,676 Leasing 23,109 5,629 7,976 36,714 1,946,354 1,983,068 7,976 - Consumer: Credit cards 14,184 9,360 25,201 48,745 1,166,545 1,215,290 - 25,201 Home equity lines of credit - - - - 1,809 1,809 - - Personal 19,022 11,917 17,499 48,438 1,743,772 1,792,210 17,499 - Auto 102,643 22,404 40,595 165,642 3,696,060 3,861,702 40,595 - Other 2,500 160 2,212 4,872 155,550 160,422 1,948 264 Total $ 439,897 $ 165,226 $ 463,853 $ 1,068,976 $ 25,736,007 $ 26,804,983 $ 257,648 $ 206,205 June 30, 2025 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ - $ 4,675 $ 10,751 $ 15,426 $ 2,199,000 $ 2,214,426 $ 10,751 $ - Commercial real estate: Non-owner occupied 1,503 - 7,893 9,396 2,181,994 2,191,390 7,893 - Owner occupied 10,677 - 231 10,908 1,790,841 1,801,749 231 - Commercial and industrial 9,235 5,195 3,025 17,455 2,431,573 2,449,028 2,836 189 Construction - - - - 1,214,902 1,214,902 - - Mortgage 677 3,329 28,052 32,058 1,308,363 1,340,421 28,052 - Consumer: Credit cards - - - - 3 3 - - Home equity lines of credit 845 717 3,120 4,682 70,988 75,670 3,120 - Personal 1,045 532 1,094 2,671 81,582 84,253 1,094 - Other 694 1 - 695 7,658 8,353 - - Total $ 24,676 $ 14,449 $ 54,166 $ 93,291 $ 11,286,904 $ 11,380,195 $ 53,977 $ 189 June 30, 2025 Popular, Inc. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP [2] [3] loans loans Commercial multi-family $ 6,337 $ 4,675 $ 10,925 $ 21,937 $ 2,498,852 $ 2,520,789 $ 10,925 $ - Commercial real estate: Non-owner occupied 1,616 1,679 13,977 17,272 5,504,102 5,521,374 13,977 - Owner occupied 11,764 2,098 27,551 41,413 2,962,442 3,003,855 27,551 - Commercial and industrial 13,892 7,644 15,677 37,213 8,006,539 8,043,752 11,424 4,253 Construction 3,720 - - 3,720 1,464,481 1,468,201 - - Mortgage [1] 263,202 112,859 352,192 728,253 7,716,174 8,444,427 175,516 176,676 Leasing 23,109 5,629 7,976 36,714 1,946,354 1,983,068 7,976 - Consumer: Credit cards 14,184 9,360 25,201 48,745 1,166,548 1,215,293 - 25,201 Home equity lines of credit 845 717 3,120 4,682 72,797 77,479 3,120 - Personal 20,067 12,449 18,593 51,109 1,825,354 1,876,463 18,593 - Auto 102,643 22,404 40,595 165,642 3,696,060 3,861,702 40,595 - Other 3,194 161 2,212 5,567 163,208 168,775 1,948 264 Total $ 464,573 $ 179,675 $ 518,019 $ 1,162,267 $ 37,022,911 $ 38,185,178 $ 311,625 $ 206,394 [1] At June 30, 2025, mortgage loans held-in-portfolio include $ 2.9 billion of loans that carry certain guarantees from the FHA or the VA, for which the Corporation’s policy is to exclude them from non-performing status, of which $ 177 million are 90 days or more past due. The portfolio of guaranteed loans includes $ 52 million of residential mortgage loans in Puerto Rico that are no longer accruing interest as of June 30, 2025. The Corporation has $ 29 million in reverse mortgage loans in Puerto Rico which are guaranteed by FHA, but which are currently not accruing interest at June 30, 2025. [2] Loans held-in-portfolio are net of $ 427 million in unearned income and exclude $ 3 million in loans held-for-sale. [3] Includes $ 21.4 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 7.5 billion were pledged at the Federal Home Loan Bank ("FHLB") as collateral for borrowings and $ 13.9 billion at the Federal Reserve Bank ("FRB") for discount window borrowings. As of June 30, 2025, the Corporation had an available borrowing facility with the FHLB and the discount window of FRB of $ 4 .0 billion and $ 10.8 billion, respectively. December 31, 2024 BPPR Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 1,491 $ 113 $ 79 $ 1,683 $ 306,318 $ 308,001 $ 79 $ - Commercial real estate: Non-owner occupied 3,103 586 6,429 10,118 3,236,385 3,246,503 6,429 - Owner occupied 11,054 808 25,258 37,120 1,338,791 1,375,911 25,258 - Commercial and industrial 5,738 2,712 23,895 32,345 5,314,549 5,346,894 19,335 4,560 Construction 1,039 - - 1,039 211,251 212,290 - - Mortgage 262,222 116,694 365,759 744,675 6,065,206 6,809,881 158,442 207,317 Leasing 23,991 6,062 9,588 39,641 1,885,764 1,925,405 9,588 - Consumer: Credit cards 17,399 11,719 29,960 59,078 1,158,975 1,218,053 - 29,960 Home equity lines of credit 16 129 - 145 1,895 2,040 - - Personal 19,503 13,005 20,269 52,777 1,697,600 1,750,377 20,269 - Auto 111,358 27,858 51,792 191,008 3,632,429 3,823,437 51,792 - Other 1,816 277 1,312 3,405 156,824 160,229 899 413 Total $ 458,730 $ 179,963 $ 534,341 $ 1,173,034 $ 25,005,987 $ 26,179,021 $ 292,091 $ 242,250 December 31, 2024 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ - $ 5,443 $ 8,700 $ 14,143 $ 2,077,476 $ 2,091,619 $ 8,700 $ - Commercial real estate: Non-owner occupied 6,792 - 8,015 14,807 2,101,925 2,116,732 8,015 - Owner occupied - - 5,191 5,191 1,776,644 1,781,835 5,191 - Commercial and industrial 10,336 5,323 1,938 17,597 2,377,071 2,394,668 1,748 190 Construction - - - - 1,051,502 1,051,502 - - Mortgage 18,148 5,417 29,890 53,455 1,250,847 1,304,302 29,890 - Consumer: Credit cards - - - - 26 26 - - Home equity lines of credit 530 986 3,393 4,909 66,622 71,531 3,393 - Personal 1,808 1,509 1,741 5,058 99,809 104,867 1,741 - Other 514 - 11 525 11,024 11,549 11 - Total $ 38,128 $ 18,678 $ 58,879 $ 115,685 $ 10,812,946 $ 10,928,631 $ 58,689 $ 190 December 31, 2024 Popular, Inc. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP [2] [3] loans loans Commercial multi-family $ 1,491 $ 5,556 $ 8,779 $ 15,826 $ 2,383,794 $ 2,399,620 $ 8,779 $ - Commercial real estate: Non-owner occupied 9,895 586 14,444 24,925 5,338,310 5,363,235 14,444 - Owner occupied 11,054 808 30,449 42,311 3,115,435 3,157,746 30,449 - Commercial and industrial 16,074 8,035 25,833 49,942 7,691,620 7,741,562 21,083 4,750 Construction 1,039 - - 1,039 1,262,753 1,263,792 - - Mortgage [1] 280,370 122,111 395,649 798,130 7,316,053 8,114,183 188,332 207,317 Leasing 23,991 6,062 9,588 39,641 1,885,764 1,925,405 9,588 - Consumer: Credit cards 17,399 11,719 29,960 59,078 1,159,001 1,218,079 - 29,960 Home equity lines of credit 546 1,115 3,393 5,054 68,517 73,571 3,393 - Personal 21,311 14,514 22,010 57,835 1,797,409 1,855,244 22,010 - Auto 111,358 27,858 51,792 191,008 3,632,429 3,823,437 51,792 - Other 2,330 277 1,323 3,930 167,848 171,778 910 413 Total $ 496,858 $ 198,641 $ 593,220 $ 1,288,719 $ 35,818,933 $ 37,107,652 $ 350,780 $ 242,440 [1] At December 31, 2024 mortgage loans held-in-portfolio include $ 2.6 billion of loans that carry certain guarantees from the FHA or the VA, for which the Corporation’s policy is to exclude them from non-performing status, of which $ 207 million are 90 days or more past due. The portfolio of guaranteed loans includes $ 65 million of residential mortgage loans in Puerto Rico that are no longer accruing interest as of December 31, 2024. The Corporation has $ 31 million in reverse mortgage loans in Puerto Rico which are guaranteed by FHA, but which are currently not accruing interest at December 31, 2024. [2] Loans held-in-portfolio are net of $ 415 million in unearned income and exclude $ 5 million in loans held-for-sale. [3] Includes $ 16.8 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 7.3 billion were pledged at the FHLB as collateral for borrowings and $ 9.5 billion at the FRB for discount window borrowings. As of December 31, 2024, the Corporation had an available borrowing facility with the FHLB and the discount window of FRB of $ 3.8 billion and $ 7 .0 billion, respectively.
Financing receivable non accrual status | The following tables present the amortized cost basis of non-accrual loans as of June 30, 2025 and December 31, 2024 by class of loans: June 30, 2025 BPPR Popular U.S. Popular, Inc. (In thousands) Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Commercial multi-family $ - $ 174 $ 10,751 $ - $ 10,751 $ 174 Commercial real estate non-owner occupied 3,168 2,916 7,016 877 10,184 3,793 Commercial real estate owner occupied 17,795 9,525 - 231 17,795 9,756 Commercial and industrial - 8,588 - 2,836 - 11,424 Mortgage 63,464 84,000 905 27,147 64,369 111,147 Leasing 479 7,497 - - 479 7,497 Consumer: HELOCs - - - 3,120 - 3,120 Personal 3,460 14,039 - 1,094 3,460 15,133 Auto 1,973 38,622 - - 1,973 38,622 Other - 1,948 - - - 1,948 Total $ 90,339 $ 167,309 $ 18,672 $ 35,305 $ 109,011 $ 202,614 December 31, 2024 BPPR Popular U.S. Popular, Inc. (In thousands) Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Commercial multi-family $ - $ 79 $ 8,700 $ - $ 8,700 $ 79 Commercial real estate non-owner occupied 3,450 2,979 7,115 900 10,565 3,879 Commercial real estate owner occupied 17,767 7,491 4,957 234 22,724 7,725 Commercial and industrial 9,020 10,315 - 1,748 9,020 12,063 Mortgage 66,176 92,266 1,069 28,821 67,245 121,087 Leasing 500 9,088 - - 500 9,088 Consumer: HELOCs - - - 3,393 - 3,393 Personal 2,960 17,309 - 1,741 2,960 19,050 Auto 1,992 49,800 - - 1,992 49,800 Other - 899 - 11 - 910 Total $ 101,865 $ 190,226 $ 21,841 $ 36,848 $ 123,706 $ 227,074
Collateral dependent financial assets | The following tables present the amortized cost basis of collateral-dependent loans, for which the ACL was measured based on the fair value of the collateral less cost to sell, by class of loans and type of collateral as of June 30, 2025 and December 31, 2024: June 30, 2025 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total BPPR Commercial multi-family $ 1,250 $ - $ - $ - $ - $ 1,250 Commercial real estate: Non-owner occupied 143,152 - - - - 143,152 Owner occupied 24,596 - - - - 24,596 Commercial and industrial 2,436 - - 124 2,248 4,808 Mortgage 71,234 - - - - 71,234 Leasing - 1,393 - - - 1,393 Consumer: Personal 3,572 - - - - 3,572 Auto - 16,545 - - - 16,545 Other - 12 - - - 12 Total BPPR $ 246,240 $ 17,950 $ - $ 124 $ 2,248 $ 266,562 Popular U.S. Commercial multi-family $ 16,542 $ - $ - $ - $ - $ 16,542 Commercial real estate: Non-owner occupied 65,668 - - - - 65,668 Commercial and industrial - - 13 - - 13 Mortgage 1,408 - - - - 1,408 Total Popular U.S. $ 83,618 $ - $ 13 $ - $ - $ 83,631 Popular, Inc. Commercial multi-family $ 17,792 $ - $ - $ - $ - $ 17,792 Commercial real estate: Non-owner occupied 208,820 - - - - 208,820 Owner occupied 24,596 - - - - 24,596 Commercial and industrial 2,436 - 13 124 2,248 4,821 Mortgage 72,642 - - - - 72,642 Leasing - 1,393 - - - 1,393 Consumer: Personal 3,572 - - - - 3,572 Auto - 16,545 - - - 16,545 Other - 12 - - - 12 Total Popular, Inc. $ 329,858 $ 17,950 $ 13 $ 124 $ 2,248 $ 350,193 December 31, 2024 (In thousands) Real Estate Auto Equipment Other Total BPPR Commercial multi-family $ 1,278 $ - $ - $ - $ 1,278 Commercial real estate: Non-owner occupied 145,974 - - - 145,974 Owner occupied 23,361 - - - 23,361 Commercial and industrial 2,754 - - 11,593 14,347 Construction 576 - - - 576 Mortgage 77,910 - - - 77,910 Leasing - 1,437 1 - 1,438 Consumer: Personal 3,347 - - - 3,347 Auto - 15,782 - - 15,782 Other - - - 16 16 Total BPPR $ 255,200 $ 17,219 $ 1 $ 11,609 $ 284,029 Popular U.S. Commercial multi-family $ 14,517 $ - $ - $ - $ 14,517 Commercial real estate: Non-owner occupied 7,116 - - - 7,116 Owner occupied 4,956 - - - 4,956 Commercial and industrial - - 18 1,154 1,172 Mortgage 1,430 - - - 1,430 Total Popular U.S. $ 28,019 $ - $ 18 $ 1,154 $ 29,191 Popular, Inc. Commercial multi-family $ 15,795 $ - $ - $ - $ 15,795 Commercial real estate: Non-owner occupied 153,090 - - - 153,090 Owner occupied 28,317 - - - 28,317 Commercial and industrial 2,754 - 18 12,747 15,519 Construction 576 - - - 576 Mortgage 79,340 - - - 79,340 Leasing - 1,437 1 - 1,438 Consumer: Personal 3,347 - - - 3,347 Auto - 15,782 - - 15,782 Other - - - 16 16 Total Popular, Inc. $ 283,219 $ 17,219 $ 19 $ 12,763 $ 313,220

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