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Loans (Tables) - Loans Held in Portfolio | 9 Months Ended
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Sep. 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 (including repurchases) for the quarters and nine months ended September 30, 2025 and 2024 by class of loans: Quarters ended September 30, Nine months ended September 30, (In thousands) 2025 2024 2025 2024 Commercial $ 40,797 $ 32,484 $ 115,683 $ 247,906 Mortgage 122,452 97,586 369,049 268,239 Ending balance $ 163,249 $ 130,070 $ 484,732 $ 516,145
Loan sales by classes of loans | The following table presents the Corporation’s whole-loan sales for the quarters and nine months ended September 30, 2025 and 2024 by class of loans: Quarters ended September 30, Nine months ended September 30, (In thousands) 2025 2024 2025 2024 Commercial $ 19,998 $ - $ 47,347 $ - Construction - - 9,338 11,656 Mortgage 11,393 9,126 26,780 32,882 Ending balance $ 31,391 $ 9,126 $ 83,465 $ 44,538
Past due financing receivables | September 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 $ 1,357 $ 1 $ 174 $ 1,532 $ 300,834 $ 302,366 $ 174 $ - Commercial real estate: Non-owner occupied 17,422 292 37,043 54,757 3,247,988 3,302,745 37,043 - Owner occupied 2,004 152 25,619 27,775 1,167,509 1,195,284 25,619 - Commercial and industrial 4,237 2,032 178,224 184,493 5,567,505 5,751,998 173,245 4,979 Construction 2,898 1,691 - 4,589 299,364 303,953 - - Mortgage 252,650 118,092 314,103 684,845 6,548,261 7,233,106 139,958 174,145 Leasing 23,537 5,372 7,747 36,656 1,961,995 1,998,651 7,747 - Consumer: Credit cards 13,556 9,917 25,625 49,098 1,176,469 1,225,567 - 25,625 Home equity lines of credit - - - - 1,693 1,693 - - Personal 19,826 11,353 18,375 49,554 1,773,594 1,823,148 18,375 - Auto 107,907 21,874 49,432 179,213 3,671,740 3,850,953 49,432 - Other 2,907 245 2,195 5,347 166,980 172,327 1,776 419 Total $ 448,301 $ 171,021 $ 658,537 $ 1,277,859 $ 25,883,932 $ 27,161,791 $ 453,369 $ 205,168 September 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 $ - $ 2,638 $ 8,467 $ 11,105 $ 2,176,118 $ 2,187,223 $ 8,467 $ - Commercial real estate: Non-owner occupied 84 - 7,083 7,167 2,152,668 2,159,835 7,083 - Owner occupied 15,171 217 - 15,388 1,880,052 1,895,440 - - Commercial and industrial 14,949 - 1,434 16,383 2,477,258 2,493,641 1,246 188 Construction - - - - 1,300,659 1,300,659 - - Mortgage 1,298 4,988 27,809 34,095 1,291,207 1,325,302 27,809 - Consumer: Home equity lines of credit 395 335 3,257 3,987 73,210 77,197 3,257 - Personal 1,006 990 941 2,937 74,240 77,177 941 - Other - - 30 30 8,863 8,893 30 - Total $ 32,903 $ 9,168 $ 49,021 $ 91,092 $ 11,434,275 $ 11,525,367 $ 48,833 $ 188 September 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 $ 1,357 $ 2,639 $ 8,641 $ 12,637 $ 2,476,952 $ 2,489,589 $ 8,641 $ - Commercial real estate: Non-owner occupied 17,506 292 44,126 61,924 5,400,656 5,462,580 44,126 - Owner occupied 17,175 369 25,619 43,163 3,047,561 3,090,724 25,619 - Commercial and industrial 19,186 2,032 179,658 200,876 8,044,763 8,245,639 174,491 5,167 Construction 2,898 1,691 - 4,589 1,600,023 1,604,612 - - Mortgage [1] 253,948 123,080 341,912 718,940 7,839,468 8,558,408 167,767 174,145 Leasing 23,537 5,372 7,747 36,656 1,961,995 1,998,651 7,747 - Consumer: Credit cards 13,556 9,917 25,625 49,098 1,176,469 1,225,567 - 25,625 Home equity lines of credit 395 335 3,257 3,987 74,903 78,890 3,257 - Personal 20,832 12,343 19,316 52,491 1,847,834 1,900,325 19,316 - Auto 107,907 21,874 49,432 179,213 3,671,740 3,850,953 49,432 - Other 2,907 245 2,225 5,377 175,843 181,220 1,806 419 Total $ 481,204 $ 180,189 $ 707,558 $ 1,368,951 $ 37,318,207 $ 38,687,158 $ 502,202 $ 205,356 [1] At September 30, 2025, mortgage loans held-in-portfolio include $ 3 .0 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 $ 174 million are 90 days or more past due. The portfolio of guaranteed loans includes $ 49 million of residential mortgage loans in Puerto Rico that are no longer accruing interest as of September 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 September 30, 2025. [2] Loans held-in-portfolio are net of $ 425 million in unearned income and exclude $ 8 million in loans held-for-sale. [3] Includes $ 21.9 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 $ 14.4 billion at the Federal Reserve Bank ("FRB") for discount window borrowings. As of September 30, 2025, the Corporation had an available borrowing facility with the FHLB and the discount window of FRB of $ 4.2 billion and $ 11.2 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 September 30, 2025 and December 31, 2024 by class of loans: September 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 $ 8,137 $ 330 $ 8,137 $ 504 Commercial real estate non-owner occupied 34,986 2,057 6,994 89 41,980 2,146 Commercial real estate owner occupied 16,618 9,001 - - 16,618 9,001 Commercial and industrial 6,504 166,741 - 1,246 6,504 167,987 Mortgage 62,445 77,513 1,117 26,692 63,562 104,205 Leasing 602 7,145 - - 602 7,145 Consumer: HELOCs - - - 3,257 - 3,257 Personal 3,264 15,111 - 941 3,264 16,052 Auto 2,263 47,169 - - 2,263 47,169 Other 363 1,413 - 30 363 1,443 Total $ 127,045 $ 326,324 $ 16,248 $ 32,585 $ 143,293 $ 358,909 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 September 30, 2025 and December 31, 2024: September 30, 2025 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total BPPR Commercial multi-family $ 1,221 $ - $ - $ - $ - $ 1,221 Commercial real estate: Non-owner occupied 128,209 - - - - 128,209 Owner occupied 23,060 - - - - 23,060 Commercial and industrial 2,409 - 4,404 1,383 2,781 10,977 Mortgage 70,547 - - - - 70,547 Leasing - 1,597 - - - 1,597 Consumer: Personal 3,724 - - - - 3,724 Auto - 16,694 - - - 16,694 Other - 8 - - 363 371 Total BPPR $ 229,170 $ 18,299 $ 4,404 $ 1,383 $ 3,144 $ 256,400 Popular U.S. Commercial multi-family $ 13,915 $ - $ - $ - $ - $ 13,915 Commercial real estate: Non-owner occupied 65,645 - - - - 65,645 Mortgage 1,651 - - - - 1,651 Total Popular U.S. $ 81,211 $ - $ - $ - $ - $ 81,211 Popular, Inc. Commercial multi-family $ 15,136 $ - $ - $ - $ - $ 15,136 Commercial real estate: Non-owner occupied 193,854 - - - - 193,854 Owner occupied 23,060 - - - - 23,060 Commercial and industrial 2,409 - 4,404 1,383 2,781 10,977 Mortgage 72,198 - - - - 72,198 Leasing - 1,597 - - - 1,597 Consumer: Personal 3,724 - - - - 3,724 Auto - 16,694 - - - 16,694 Other - 8 - - 363 371 Total Popular, Inc. $ 310,381 $ 18,299 $ 4,404 $ 1,383 $ 3,144 $ 337,611 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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