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Allowance for credit losses - loans held-in-portfolio (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2025 and 2024. For the quarter ended September 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 $ 3,696 $ (177) $ - $ - $ 2 $ 3,521 Commercial real estate non-owner occupied 43,139 10,931 - (13,490) 876 41,456 Commercial real estate owner occupied 35,848 (2,211) - - 947 34,584 Commercial and industrial 123,202 30,220 - (2,801) 1,334 151,955 Total Commercial 205,885 38,763 - (16,291) 3,159 231,516 Construction 3,075 370 - - - 3,445 Mortgage 74,966 337 6 (585) 2,801 77,525 Leasing 20,040 1,234 - (4,017) 1,963 19,220 Consumer Credit cards 92,306 10,212 - (18,139) 2,829 87,208 Home equity lines of credit 54 (95) - - 89 48 Personal 92,891 13,195 - (19,218) 3,533 90,401 Auto 182,274 7,581 - (19,175) 7,139 177,819 Other 7,758 1,042 - (759) 132 8,173 Total Consumer 375,283 31,935 - (57,291) 13,722 363,649 Total - Loans $ 679,249 $ 72,639 $ 6 $ (78,184) $ 21,645 $ 695,355 Allowance for credit losses - unfunded commitments: Commercial $ 5,876 $ 943 $ - $ - $ - $ 6,819 Construction 1,869 (127) - - - 1,742 Ending balance - unfunded commitments [1] $ 7,745 $ 816 $ - $ - $ - $ 8,561 [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 September 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 $ 13,085 $ (84) $ - $ 60 $ 13,061 Commercial real estate non-owner occupied 15,978 1,411 - - 17,389 Commercial real estate owner occupied 13,203 1,388 - 16 14,607 Commercial and industrial 18,160 (148) (722) 62 17,352 Total Commercial 60,426 2,567 (722) 138 62,409 Construction 7,504 155 - - 7,659 Mortgage 10,209 (789) - 36 9,456 Consumer Home equity lines of credit 1,330 (253) - 423 1,500 Personal 10,763 183 (1,629) 520 9,837 Other 4 15 (25) 10 4 Total Consumer 12,097 (55) (1,654) 953 11,341 Total - Loans $ 90,236 $ 1,878 $ (2,376) $ 1,127 $ 90,865 Allowance for credit losses - unfunded commitments: Commercial $ 1,935 $ (7) $ - $ - $ 1,928 Construction 3,289 (100) - - 3,189 Consumer 84 61 - - 145 Ending balance - unfunded commitments [1] $ 5,308 $ (46) $ - $ - $ 5,262 [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 September 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 $ 16,781 $ (261) $ - $ - $ 62 $ 16,582 Commercial real estate non-owner occupied 59,117 12,342 - (13,490) 876 58,845 Commercial real estate owner occupied 49,051 (823) - - 963 49,191 Commercial and industrial 141,362 30,072 - (3,523) 1,396 169,307 Total Commercial 266,311 41,330 - (17,013) 3,297 293,925 Construction 10,579 525 - - - 11,104 Mortgage 85,175 (452) 6 (585) 2,837 86,981 Leasing 20,040 1,234 - (4,017) 1,963 19,220 Consumer Credit cards 92,306 10,212 - (18,139) 2,829 87,208 Home equity lines of credit 1,384 (348) - - 512 1,548 Personal 103,654 13,378 - (20,847) 4,053 100,238 Auto 182,274 7,581 - (19,175) 7,139 177,819 Other 7,762 1,057 - (784) 142 8,177 Total Consumer 387,380 31,880 - (58,945) 14,675 374,990 Total - Loans $ 769,485 $ 74,517 $ 6 $ (80,560) $ 22,772 $ 786,220 Allowance for credit losses - unfunded commitments: Commercial $ 7,811 $ 936 $ - $ - $ - $ 8,747 Construction 5,158 (227) - - - 4,931 Consumer 84 61 - - - 145 Ending balance - unfunded commitments [1] $ 13,053 $ 770 $ - $ - $ - $ 13,823 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 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 $ 728 $ - $ - $ 10 $ 3,521 Commercial real estate non-owner occupied 44,852 8,172 - (13,576) 2,008 41,456 Commercial real estate owner occupied 37,355 (5,129) - (103) 2,461 34,584 Commercial and industrial 130,136 23,194 - (8,579) 7,204 151,955 Total Commercial 215,126 26,965 - (22,258) 11,683 231,516 Construction 2,743 702 - - - 3,445 Mortgage 72,901 (2,533) 15 (1,570) 8,712 77,525 Leasing 16,419 10,863 - (12,543) 4,481 19,220 Consumer Credit cards 99,130 37,128 - (57,015) 7,965 87,208 Home equity lines of credit 54 (516) - (25) 535 48 Personal 91,296 48,904 - (60,724) 10,925 90,401 Auto 165,995 43,904 - (53,649) 21,569 177,819 Other 7,002 3,062 - (2,339) 448 8,173 Total Consumer 363,477 132,482 - (173,752) 41,442 363,649 Total - Loans $ 670,666 $ 168,479 $ 15 $ (210,123) $ 66,318 $ 695,355 Allowance for credit losses - unfunded commitments: Commercial $ 6,725 $ 94 $ - $ - $ - $ 6,819 Construction 1,663 79 - - - 1,742 Ending balance - unfunded commitments [1] $ 8,388 $ 173 $ - $ - $ - $ 8,561 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 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 $ 7,110 $ (563) $ 61 $ 13,061 Commercial real estate non-owner occupied 9,642 7,747 - - 17,389 Commercial real estate owner occupied 12,473 1,581 (26) 579 14,607 Commercial and industrial 15,870 2,862 (1,918) 538 17,352 Total Commercial 44,438 19,300 (2,507) 1,178 62,409 Construction 8,521 (862) - - 7,659 Mortgage 9,508 (305) - 253 9,456 Consumer Home equity lines of credit 1,449 (1,188) (46) 1,285 1,500 Personal 11,440 3,800 (7,175) 1,772 9,837 Other 2 50 (67) 19 4 Total Consumer 12,891 2,662 (7,288) 3,076 11,341 Total - Loans $ 75,358 $ 20,795 $ (9,795) $ 4,507 $ 90,865 Allowance for credit losses - unfunded commitments: Commercial $ 1,662 $ 266 $ - $ - $ 1,928 Construction 5,409 (2,220) - - 3,189 Consumer 11 134 - - 145 Ending balance - unfunded commitments [1] $ 7,082 $ (1,820) $ - $ - $ 5,262 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 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 $ 7,838 $ - $ (563) $ 71 $ 16,582 Commercial real estate non-owner occupied 54,494 15,919 - (13,576) 2,008 58,845 Commercial real estate owner occupied 49,828 (3,548) - (129) 3,040 49,191 Commercial and industrial 146,006 26,056 - (10,497) 7,742 169,307 Total Commercial 259,564 46,265 - (24,765) 12,861 293,925 Construction 11,264 (160) - - - 11,104 Mortgage 82,409 (2,838) 15 (1,570) 8,965 86,981 Leasing 16,419 10,863 - (12,543) 4,481 19,220 Consumer Credit cards 99,130 37,128 - (57,015) 7,965 87,208 Home equity lines of credit 1,503 (1,704) - (71) 1,820 1,548 Personal 102,736 52,704 - (67,899) 12,697 100,238 Auto 165,995 43,904 - (53,649) 21,569 177,819 Other 7,004 3,112 - (2,406) 467 8,177 Total Consumer 376,368 135,144 - (181,040) 44,518 374,990 Total - Loans $ 746,024 $ 189,274 $ 15 $ (219,918) $ 70,825 $ 786,220 Allowance for credit losses - unfunded commitments: Commercial $ 8,387 $ 360 $ - $ - $ - $ 8,747 Construction 7,072 (2,141) - - - 4,931 Consumer 11 134 - - - 145 Ending balance - unfunded commitments [1] $ 15,470 $ (1,647) $ - $ - $ - $ 13,823 [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 September 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 $ 3,303 $ (417) $ - $ - $ - $ 2,886 Commercial real estate non-owner occupied 53,386 3,344 - (69) 59 56,720 Commercial real estate owner occupied 39,375 (2,418) - (2) 1,556 38,511 Commercial and industrial 111,263 16,597 - (6,190) 1,461 123,131 Total Commercial 207,327 17,106 - (6,261) 3,076 221,248 Construction 3,638 (970) - - 1,036 3,704 Mortgage 73,900 (5,221) 3 (208) 4,102 72,576 Leasing 14,385 3,725 - (3,630) 1,374 15,854 Consumer Credit cards 86,313 21,238 - (17,503) 2,646 92,694 Home equity lines of credit 83 (90) - (82) 158 69 Personal 94,021 20,232 - (24,712) 2,526 92,067 Auto 157,449 20,765 - (23,011) 6,110 161,313 Other 6,489 362 - (728) 526 6,649 Total Consumer 344,355 62,507 - (66,036) 11,966 352,792 Total - Loans $ 643,605 $ 77,147 $ 3 $ (76,135) $ 21,554 $ 666,174 Allowance for credit losses - unfunded commitments: Commercial $ 5,540 $ 816 $ - $ - $ - $ 6,356 Construction 2,095 373 - - - 2,468 Ending balance - unfunded commitments [1] $ 7,635 $ 1,189 $ - $ - $ - $ 8,824 [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 September 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 $ 7,877 $ (1,126) $ - $ 5 $ 6,756 Commercial real estate non-owner occupied 10,849 53 (54) 62 10,910 Commercial real estate owner occupied 18,815 (4,430) - 19 14,404 Commercial and industrial 15,219 (1,617) (613) 241 13,230 Total Commercial 52,760 (7,120) (667) 327 45,300 Construction 9,251 259 - - 9,510 Mortgage 9,389 (361) - 46 9,074 Consumer Home equity lines of credit 1,643 22 (4) 124 1,785 Personal 13,427 2,799 (4,442) 691 12,475 Other 2 23 (28) 5 2 Total Consumer 15,072 2,844 (4,474) 820 14,262 Total - Loans $ 86,472 $ (4,378) $ (5,141) $ 1,193 $ 78,146 Allowance for credit losses - unfunded commitments: Commercial $ 2,850 $ (1,080) $ - $ - $ 1,770 Construction 8,399 (609) - - 7,790 Ending balance - unfunded commitments [1] $ 11,249 $ (1,689) $ - $ - $ 9,560 [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 September 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 $ 11,180 $ (1,543) $ - $ - $ 5 $ 9,642 Commercial real estate non-owner occupied 64,235 3,397 - (123) 121 67,630 Commercial real estate owner occupied 58,190 (6,848) - (2) 1,575 52,915 Commercial and industrial 126,482 14,980 - (6,803) 1,702 136,361 Total Commercial 260,087 9,986 - (6,928) 3,403 266,548 Construction 12,889 (711) - - 1,036 13,214 Mortgage 83,289 (5,582) 3 (208) 4,148 81,650 Leasing 14,385 3,725 - (3,630) 1,374 15,854 Consumer Credit cards 86,313 21,238 - (17,503) 2,646 92,694 Home equity lines of credit 1,726 (68) - (86) 282 1,854 Personal 107,448 23,031 - (29,154) 3,217 104,542 Auto 157,449 20,765 - (23,011) 6,110 161,313 Other 6,491 385 - (756) 531 6,651 Total Consumer 359,427 65,351 - (70,510) 12,786 367,054 Total - Loans $ 730,077 $ 72,769 $ 3 $ (81,276) $ 22,747 $ 744,320 Allowance for credit losses - unfunded commitments: Commercial $ 8,390 $ (264) $ - $ - $ - $ 8,126 Construction 10,494 (236) - - - 10,258 Ending balance - unfunded commitments [1] $ 18,884 $ (500) $ - $ - $ - $ 18,384 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 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 $ (729) $ - $ - $ 1 $ 2,886 Commercial real estate non-owner occupied 53,754 2,607 - (69) 428 56,720 Commercial real estate owner occupied 40,637 (2,567) - (2,787) 3,228 38,511 Commercial and industrial 107,577 31,413 - (20,931) 5,072 123,131 Total Commercial 205,582 30,724 - (23,787) 8,729 221,248 Construction 5,294 (2,626) - - 1,036 3,704 Mortgage 72,440 (11,959) 26 (999) 13,068 72,576 Leasing 9,708 14,787 - (12,321) 3,680 15,854 Consumer Credit cards 80,487 54,734 - (50,318) 7,791 92,694 Home equity lines of credit 103 35 - (373) 304 69 Personal 101,181 55,987 - (72,354) 7,253 92,067 Auto 157,931 44,386 - (59,787) 18,783 161,313 Other 7,132 672 - (2,072) 917 6,649 Total Consumer 346,834 155,814 - (184,904) 35,048 352,792 Total - Loans $ 639,858 $ 186,740 $ 26 $ (222,011) $ 61,561 $ 666,174 Allowance for credit losses - unfunded commitments: Commercial $ 5,062 $ 1,294 $ - $ - $ - $ 6,356 Construction 1,618 850 - - - 2,468 Ending balance - unfunded commitments [1] $ 6,680 $ 2,144 $ - $ - $ - $ 8,824 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 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 $ (2,939) $ (441) $ 10 $ 6,756 Commercial real estate non-owner occupied 11,699 (903) (54) 168 10,910 Commercial real estate owner occupied 16,227 (1,925) - 102 14,404 Commercial and industrial 14,779 219 (2,372) 604 13,230 Total Commercial 52,831 (5,548) (2,867) 884 45,300 Construction 7,392 2,018 - 100 9,510 Mortgage 10,774 (1,788) (18) 106 9,074 Consumer Home equity lines of credit 1,875 (741) (25) 676 1,785 Personal 16,609 8,585 (14,750) 2,031 12,475 Other 2 46 (77) 31 2 Total Consumer 18,486 7,890 (14,852) 2,738 14,262 Total - Loans $ 89,483 $ 2,572 $ (17,737) $ 3,828 $ 78,146 Allowance for credit losses - unfunded commitments: Commercial $ 1,851 $ (81) $ - $ - $ 1,770 Construction 8,446 (656) - - 7,790 Consumer 29 (29) - - - Ending balance - unfunded commitments [1] $ 10,326 $ (766) $ - $ - $ 9,560 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 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 $ (3,668) $ - $ (441) $ 11 $ 9,642 Commercial real estate non-owner occupied 65,453 1,704 - (123) 596 67,630 Commercial real estate owner occupied 56,864 (4,492) - (2,787) 3,330 52,915 Commercial and industrial 122,356 31,632 - (23,303) 5,676 136,361 Total Commercial 258,413 25,176 - (26,654) 9,613 266,548 Construction 12,686 (608) - - 1,136 13,214 Mortgage 83,214 (13,747) 26 (1,017) 13,174 81,650 Leasing 9,708 14,787 - (12,321) 3,680 15,854 Consumer Credit cards 80,487 54,734 - (50,318) 7,791 92,694 Home equity lines of credit 1,978 (706) - (398) 980 1,854 Personal 117,790 64,572 - (87,104) 9,284 104,542 Auto 157,931 44,386 - (59,787) 18,783 161,313 Other 7,134 718 - (2,149) 948 6,651 Total Consumer 365,320 163,704 - (199,756) 37,786 367,054 Total - Loans $ 729,341 $ 189,312 $ 26 $ (239,748) $ 65,389 $ 744,320 Allowance for credit losses - unfunded commitments: Commercial $ 6,913 $ 1,213 $ - $ - $ - $ 8,126 Construction 10,064 194 - - - 10,258 Consumer 29 (29) - - - - Ending balance - unfunded commitments [1] $ 17,006 $ 1,378 $ - $ - $ - $ 18,384 [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 September 30, 2025 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Commercial and industrial $ 742 0.01 % $ - - % $ 742 0.01 % Consumer: Credit cards 202 0.02 % - - % 202 0.02 % Personal 713 0.04 % - - % 713 0.04 % Total $ 1,657 0.01 % $ - - % $ 1,657 - % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable CRE non-owner occupied $ 1,670 0.05 % $ - - % $ 1,670 0.03 % CRE owner occupied 13,618 1.14 % - - % 13,618 0.44 % Commercial and industrial 8,172 0.14 % 925 0.04 % 9,097 0.11 % Mortgage 15,194 0.21 % 466 0.04 % 15,660 0.18 % Consumer: - Personal 149 0.01 % 8 0.01 % 157 0.01 % Auto 92 - % - - % 92 - % Total $ 38,895 0.14 % $ 1,399 0.01 % $ 40,294 0.10 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable CRE owner occupied $ 22,889 1.91 % $ - - % $ 22,889 0.74 % Commercial and industrial 79,734 1.39 % - - % 79,734 0.97 % Mortgage 303 - % - - % 303 - % Total $ 102,926 0.38 % $ - - % $ 102,926 0.27 % Combination - Term Extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable CRE owner occupied $ 166 0.01 % $ - - % $ 166 0.01 % Commercial and industrial 2,739 0.05 % - - % 2,739 0.03 % Mortgage 2,153 0.03 % - - % 2,153 0.03 % Consumer: Personal 2,925 0.16 % 39 0.05 % 2,964 0.16 % Auto 27 - % - - % 27 - % Total $ 8,010 0.03 % $ 39 - % $ 8,049 0.02 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Commercial and industrial $ 371 0.01 % $ - - % $ 371 - % Consumer: Credit cards 2,666 0.22 % - - % 2,666 0.22 % Total $ 3,037 0.01 % $ - - % $ 3,037 0.01 % Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the nine months ended September 30, 2025 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Commercial and industrial $ 2,692 0.05 % $ - - % $ 2,692 0.03 % Mortgage 69 - % - - % 69 - % Consumer: Credit cards 617 0.05 % - - % 617 0.05 % Personal 2,782 0.15 % - - % 2,782 0.15 % Other 5 - % - - % 5 - % Total $ 6,165 0.02 % $ - - % $ 6,165 0.02 % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable CRE non-owner occupied $ 1,773 0.05 % $ 58,652 2.72 % $ 60,425 1.11 % CRE owner occupied 18,854 1.58 % - - % 18,854 0.61 % Commercial and industrial 16,163 0.28 % 925 0.04 % 17,088 0.21 % Mortgage 37,568 0.52 % 1,130 0.09 % 38,698 0.45 % Consumer: Personal 630 0.03 % 8 0.01 % 638 0.03 % Auto 179 - % - - % 179 - % Total $ 75,167 0.28 % $ 60,715 0.53 % $ 135,882 0.35 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable CRE owner occupied $ 29,763 2.49 % $ - - % $ 29,763 0.96 % Commercial and industrial 165,360 2.87 % - - % 165,360 2.01 % Mortgage 721 0.01 % - - % 721 0.01 % Total $ 195,844 0.72 % $ - - % $ 195,844 0.51 % Combination - Term Extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable CRE owner occupied $ 166 0.01 % $ - - % $ 166 0.01 % Commercial and industrial 2,837 0.05 % - - % 2,837 0.03 % Mortgage 9,202 0.13 % - - % 9,202 0.11 % Consumer: Personal 9,187 0.50 % 154 0.20 % 9,341 0.49 % Auto 43 - % - - % 43 - % Total $ 21,435 0.08 % $ 154 - % $ 21,589 0.06 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2025 % of total class of Financing Receivable Commercial and industrial $ 1,157 0.02 % $ - - % $ 1,157 0.01 % Consumer: Credit cards 7,175 0.59 % - - % 7,175 0.59 % Total $ 8,332 0.03 % $ - - % $ 8,332 0.02 % Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the quarter ended September 30, 2024 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable CRE owner occupied $ 147 0.01 % $ - - % $ 147 - % Commercial and industrial 693 0.01 % - - % 693 0.01 % Consumer: Credit cards 213 0.02 % - - % 213 0.02 % Personal 830 0.05 % - - % 830 0.04 % Total $ 1,883 0.01 % $ - - % $ 1,883 0.01 % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Commercial multi-family $ - - % $ 10,570 0.50 % $ 10,570 0.44 % CRE non-owner occupied 13,108 0.42 % - - % 13,108 0.25 % CRE owner occupied 764 0.05 % - - % 764 0.02 % Commercial and industrial 20,966 0.41 % - - % 20,966 0.28 % Construction 768 0.40 % - - % 768 0.07 % Mortgage 11,850 0.18 % 429 0.03 % 12,279 0.15 % Consumer: Personal 148 0.01 % - - % 148 0.01 % Total $ 47,604 0.19 % $ 10,999 0.11 % $ 58,603 0.16 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 139 - % $ - - % $ 139 - % CRE owner occupied 4,993 0.36 % - - % 4,993 0.16 % Commercial and industrial 71,867 1.39 % - - % 71,867 0.97 % Consumer: Credit cards 5 - % - - % 5 - % Total $ 77,004 0.30 % $ - - % $ 77,004 0.21 % Combination - Term Extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable CRE owner occupied $ 202 0.01 % $ - - % $ 202 0.01 % Commercial and industrial 44 - % - - % 44 - % Mortgage 4,728 0.07 % - - % 4,728 0.06 % Consumer: Personal 2,569 0.15 % 65 0.05 % 2,634 0.14 % Total $ 7,543 0.03 % $ 65 - % $ 7,608 0.02 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Commercial and industrial $ 23 - % $ - - % $ 23 - % Consumer: Credit cards 862 0.07 % - - % 862 0.07 % Total $ 885 - % $ - - % $ 885 - % Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the nine months ended September 30, 2024 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable CRE owner occupied $ 175 0.01 % $ - - % $ 175 0.01 % Commercial and industrial 2,756 0.05 % - - % 2,756 0.04 % Mortgage 42 - % - - % 42 - % Consumer: Credit cards 721 0.06 % - - % 721 0.06 % Personal 1,873 0.11 % - - % 1,873 0.10 % Other 24 0.02 % - - % 24 0.01 % Total $ 5,591 0.02 % $ - - % $ 5,591 0.02 % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Commercial multi-family $ - - % $ 10,570 0.50 % $ 10,570 0.44 % CRE non-owner occupied 55,655 1.77 % - - % 55,655 1.07 % CRE owner occupied 11,482 0.82 % 6,033 0.36 % 17,515 0.57 % Commercial and industrial 23,837 0.46 % - - % 23,837 0.32 % Construction 768 0.40 % - - % 768 0.07 % Mortgage 41,649 0.62 % 1,075 0.08 % 42,724 0.53 % Consumer: Personal 537 0.03 % - - % 537 0.03 % Auto 53 - % - - % 53 - % Total $ 133,981 0.52 % $ 17,678 0.17 % $ 151,659 0.42 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 139 - % $ - - % $ 139 - % CRE owner occupied 20,591 1.47 % - - % 20,591 0.67 % Commercial and industrial 75,231 1.45 % - - % 75,231 1.02 % Mortgage 127 - % - - % 127 - % Consumer: Credit cards 5 - % - - % 5 - % Total $ 96,093 0.37 % $ - - % $ 96,093 0.27 % Combination - Term Extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 889 0.03 % $ - - % $ 889 0.02 % CRE owner occupied 202 0.01 % - - % 202 0.01 % Commercial and industrial 615 0.01 % - - % 615 0.01 % Mortgage 13,404 0.20 % 67 0.01 % 13,471 0.17 % Consumer: Personal 5,755 0.33 % 312 0.26 % 6,067 0.32 % Total $ 20,865 0.08 % $ 379 - % $ 21,244 0.06 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at September 30, 2024 % of total class of Financing Receivable Commercial and industrial $ 110 - % $ - - $ 110 - % Consumer: Credit cards 1,335 0.11 % - - 1,335 0.11 % Total $ 1,445 0.01 % $ - - $ 1,445 - % The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulties: For the quarter ended September 30, 2025 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 10 .0% to 7.5 % Commercial and industrial Reduced weighted-average contractual interest rate from 14.4 % to 8 .0%. Mortgage Reduced weighted-average contractual interest rate from 6.9 % to 5.4 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 20.6 % to 8.5 %. Personal Reduced weighted-average contractual interest rate from 20.1 % to 11.6 %. Auto Reduced weighted-average contractual interest rate from 8.2 0% to 8.19 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 5 months to the life of loans. CRE Owner occupied Added a weighted-average of 3 years to the life of loans. Commercial and industrial Added a weighted-average of 7 years 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 6 years to the life of loans. Auto Added a weighted-average of 21 months to the life of loans. Other than insignificant payment delays Loan Type Financial Effect CRE Owner occupied Added a weighted-average of 9 months to the life of loans. Commercial and industrial Added a weighted-average of 14 months to the life of loans. Mortgage Added a weighted-average of 22 months to the life of loans. Consumer: Credit cards Added a weighted-average of 18 months to the life of loans. For the nine months ended September 30, 2025 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 10.0 % to 7.5 %. Commercial and industrial Reduced weighted-average contractual interest rate from 18.6 % to 8.7 %. Mortgage Reduced weighted-average contractual interest rate from 6.8 % to 5.5 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 20.9 % to 8.4 %. Personal Reduced weighted-average contractual interest rate from 21.1 % to 11.7 %. Auto Reduced weighted-average contractual interest rate from 11.86 % to 11.85 %. 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 3 years to the life of loans. Commercial and industrial Added a weighted-average of 5 years 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 Owner occupied Added a weighted-average of 11 months to the life of loans. Commercial and industrial Added a weighted-average of 12 months to the life of loans. Mortgage Added a weighted-average of 21 months to the life of loans. Consumer: Credit cards Added a weighted-average of 17 months to the life of loans. For the quarter ended September 30, 2024 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 10.5 % to 6.6 %. Commercial and industrial Reduced weighted-average contractual interest rate from 25.8 % to 10.2 %. Mortgage Reduced weighted-average contractual interest rate from 5.9 % to 4.3 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 21.5 % to 8 .0%. Personal Reduced weighted-average contractual interest rate from 19.5 % to 10.4 %. Term extension Loan Type Financial Effect Commercial multi-family Added a weighted-average of 4 months to the life of loans. CRE Non-owner occupied Added a weighted-average of 7 months to the life of loans. CRE Owner occupied Added a weighted-average of 5 years to the life of loans. Commercial and industrial Added a weighted-average of 1 year to the life of loans. Construction Added a weighted-average of 2 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. Other than insignificant payment delay Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 14 months to the life of loans. CRE Owner occupied Added a weighted-average of 7 months to the life of loans. Commercial and industrial Added a weighted-average of 7 months to the life of loans. Consumer: Credit cards Added a weighted-average of 16 months to the life of loans. For the nine months ended September 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 10.6 % to 6.5 %. Commercial and industrial Reduced weighted-average contractual interest rate from 20.6 % to 9.6 %. Mortgage Reduced weighted-average contractual interest rate from 6.1 % to 4.4 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 20.9 % to 6.5 %. Personal Reduced weighted-average contractual interest rate from 19.1 % to 10 .0%. Other Reduced weighted-average contractual interest rate from 18 .0% to 0 .0%. Term extension Loan Type Financial Effect Commercial multi-family Added a weighted-average of 4 months to the life of loans. CRE Non-owner occupied Added a weighted-average of 9 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 2 years to the life of loans. Construction Added a weighted-average of 2 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 8 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 14 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 7 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 18 months to the life of loans. BPPR September 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 $ - $ - $ 2,084 $ 2,084 $ - $ 2,084 $ 311 $ 1,773 CRE owner occupied 135 - 2,572 2,707 56,062 58,769 63 2,509 Commercial and industrial 175 171 3,055 3,401 187,480 190,881 520 2,535 Mortgage 5,717 2,960 20,001 28,678 30,224 58,902 6,851 13,150 Consumer: Credit cards 760 670 1,319 2,749 6,811 9,560 1,135 184 Personal 585 340 2,211 3,136 13,210 16,346 356 1,855 Auto - - - - 254 254 - - Other - - - - 5 5 - - Total $ 7,372 $ 4,141 $ 31,242 $ 42,755 $ 294,046 $ 336,801 $ 9,236 $ 22,006 [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. September 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 $ - $ - $ - $ - $ 58,652 $ 58,652 $ - $ - Commercial and industrial - - - - 1,422 1,422 - - Mortgage - - - - 1,519 1,519 - - Consumer: Personal 28 - 13 41 164 205 13 - Total $ 28 $ - $ 13 $ 41 $ 61,757 $ 61,798 $ 13 $ - [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. September 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 $ - $ - $ 2,084 $ 2,084 $ 58,652 $ 60,736 $ 311 $ 1,773 CRE owner occupied 135 - 2,572 2,707 56,062 58,769 63 2,509 Commercial and industrial 175 171 3,055 3,401 188,902 192,303 520 2,535 Mortgage 5,717 2,960 20,001 28,678 31,743 60,421 6,851 13,150 Consumer: Credit cards 760 670 1,319 2,749 6,811 9,560 1,135 184 Personal 613 340 2,224 3,177 13,374 16,551 369 1,855 Auto - - - - 254 254 - - Other - - - - 5 5 - - Total $ 7,400 $ 4,141 $ 31,255 $ 42,796 $ 355,803 $ 398,599 $ 9,249 $ 22,006 [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 September 30, 2024. BPPR September 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 $ - $ - $ 63 $ 63 $ - $ 63 $ - $ 63 CRE non-owner occupied - - 2,798 2,798 55,766 58,564 - 2,798 CRE owner occupied 92 - 2,232 2,324 36,355 38,679 89 2,143 Commercial and industrial 12,359 26 4,817 17,202 86,203 103,405 96 4,721 Construction - - - - 768 768 - - Mortgage 5,649 4,359 24,206 34,214 40,358 74,572 6,609 17,597 Consumer: Credit cards 205 81 283 569 1,715 2,284 197 86 Personal 286 51 1,914 2,251 6,854 9,105 210 1,704 Auto - - 34 34 69 103 - 34 Other 24 - - 24 4 28 - - Total $ 18,615 $ 4,517 $ 36,347 $ 59,479 $ 228,092 $ 287,571 $ 7,201 $ 29,146 [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. September 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 $ - $ - $ - $ - $ 10,570 $ 10,570 $ - $ - CRE owner occupied - - - - 39,855 39,855 - - Mortgage - - 795 795 407 1,202 - 795 Consumer: Personal 29 - 85 114 216 330 - 85 Total $ 29 $ - $ 880 $ 909 $ 51,048 $ 51,957 $ - $ 880 [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. September 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 $ - $ - $ 63 $ 63 $ 10,570 $ 10,633 $ - $ 63 CRE non-owner occupied - - 2,798 2,798 55,766 58,564 - 2,798 CRE owner occupied 92 - 2,232 2,324 76,210 78,534 89 2,143 Commercial and industrial 12,359 26 4,817 17,202 86,203 103,405 96 4,721 Construction - - - - 768 768 - - Mortgage 5,649 4,359 25,001 35,009 40,765 75,774 6,609 18,392 Consumer: Credit cards 205 81 283 569 1,715 2,284 197 86 Personal 315 51 1,999 2,365 7,070 9,435 210 1,789 Auto - - 34 34 69 103 - 34 Other 24 - - 24 4 28 - - Total $ 18,644 $ 4,517 $ 37,227 $ 60,388 $ 279,140 $ 339,528 $ 7,201 $ 30,026 [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 September 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 $ - $ - $ 311 $ - $ - $ 311 Commercial and industrial 110 131 122 - 150 513 Mortgage - 6,021 236 569 - 6,826 Consumer: Credit cards 270 - - - 938 1,208 Personal 353 - - 68 - 421 Total $ 733 $ 6,152 $ 669 $ 637 $ 1,088 $ 9,279 Amortized Cost Basis of Modified Financing Receivables That Subsequently Defaulted During the Nine Months Ended September 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 $ - $ - $ 438 $ - $ - $ 438 CRE owner occupied - - 176 - - 176 Commercial and industrial 166 131 122 - 339 758 Mortgage - 12,784 236 1,835 - 14,855 Consumer: Credit cards 440 - - - 1,298 1,738 Personal 410 45 - 105 - 560 Total $ 1,016 $ 12,960 $ 972 $ 1,940 $ 1,637 $ 18,525 Amortized Cost Basis of Modified Financing Receivables That Subsequently Defaulted During the Quarter Ended September 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 $ - $ - $ 89 $ - $ - $ 89 Commercial and industrial 6 45 - - - 51 Mortgage - 5,911 127 919 - 6,957 Consumer: Credit cards 223 - - - 19 242 Personal 186 42 - 118 - 346 Total $ 415 $ 5,998 $ 216 $ 1,037 $ 19 $ 7,685 Amortized Cost Basis of Modified Financing Receivables That Subsequently Defaulted During the Nine Months Ended September 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 $ - $ 536 $ 89 $ - $ - $ 625 Commercial and industrial 6 9,130 11 - 50 9,197 Mortgage - 12,281 127 2,177 - 14,585 Consumer: Credit cards 285 - - - 54 339 Personal 260 42 - 258 - 560 Total $ 551 $ 21,989 $ 227 $ 2,435 $ 104 $ 25,306
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 September 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: September 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 $ 5,767 $ 33,483 $ 36,660 $ 133,261 $ 20,611 $ 47,906 $ 107 $ - $ 277,795 Watch - 15,880 - 528 - 948 - - 17,356 Special Mention 219 - - - 75 3,122 - - 3,416 Substandard - - - - - 3,799 - - 3,799 Total commercial multi-family $ 5,986 $ 49,363 $ 36,660 $ 133,789 $ 20,686 $ 55,775 $ 107 $ - $ 302,366 Commercial real estate non-owner occupied Pass $ 307,242 $ 440,086 $ 275,057 $ 796,328 $ 517,382 $ 708,490 $ 7,907 $ - $ 3,052,492 Watch 9,391 9,750 18,744 5,153 24,694 55,619 - - 123,351 Special Mention - - 23,362 147 - 19,146 - - 42,655 Substandard - 729 8,627 30,379 26,020 18,492 - - 84,247 Total commercial real estate non- owner occupied $ 316,633 $ 450,565 $ 325,790 $ 832,007 $ 568,096 $ 801,747 $ 7,907 $ - $ 3,302,745 Year-to-Date gross write-offs $ - $ 13,356 $ - $ 134 $ - $ 86 $ - $ - $ 13,576 Commercial real estate owner occupied Pass $ 59,045 $ 135,482 $ 73,688 $ 95,839 $ 171,002 $ 316,767 $ 3,961 $ - $ 855,784 Watch 2,105 11,092 5,455 29,058 29,571 74,965 1,886 - 154,132 Special Mention - - 1,793 16,062 796 15,956 1,499 - 36,106 Substandard 13,441 351 1,414 39,420 9,189 70,920 14,448 - 149,183 Doubtful - - - - - 79 - - 79 Total commercial real estate owner occupied $ 74,591 $ 146,925 $ 82,350 $ 180,379 $ 210,558 $ 478,687 $ 21,794 $ - $ 1,195,284 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 103 $ - $ - $ 103 Commercial and industrial Pass $ 932,284 $ 666,483 $ 775,714 $ 489,942 $ 205,112 $ 359,273 $ 1,380,285 $ - $ 4,809,093 Watch 5,888 98,918 14,605 8,809 3,748 21,330 166,902 - 320,200 Special Mention 20,525 22,327 9,475 62,104 475 2,897 15,186 - 132,989 Substandard 12,269 12,994 53,950 76,399 158,743 19,757 155,604 - 489,716 Total commercial and industrial $ 970,966 $ 800,722 $ 853,744 $ 637,254 $ 368,078 $ 403,257 $ 1,717,977 $ - $ 5,751,998 Year-to-Date gross write-offs $ 845 $ 332 $ 209 $ 389 $ 21 $ 212 $ 6,571 $ - $ 8,579 Construction Pass $ 18,405 $ 119,700 $ 77,544 $ 9,379 $ 2,925 $ 10,269 $ 49,038 $ - $ 287,260 Watch - - 16,615 - 78 - - - 16,693 Total construction $ 18,405 $ 119,700 $ 94,159 $ 9,379 $ 3,003 $ 10,269 $ 49,038 $ - $ 303,953 Mortgage Pass $ 752,769 $ 885,122 $ 691,353 $ 390,170 $ 383,945 $ 4,058,832 $ - $ - $ 7,162,191 Substandard - 354 2,527 2,037 874 65,123 - - 70,915 Total mortgage $ 752,769 $ 885,476 $ 693,880 $ 392,207 $ 384,819 $ 4,123,955 $ - $ - $ 7,233,106 Year-to-Date gross write-offs $ 31 $ - $ 1 $ - $ - $ 1,538 $ - $ - $ 1,570 September 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 $ 553,617 $ 571,841 $ 385,290 $ 277,696 $ 154,797 $ 47,637 $ - $ - $ 1,990,878 Substandard 256 1,156 2,254 2,271 1,176 593 - - 7,706 Loss - - - 33 34 - - - 67 Total leasing $ 553,873 $ 572,997 $ 387,544 $ 280,000 $ 156,007 $ 48,230 $ - $ - $ 1,998,651 Year-to-Date gross write-offs $ 520 $ 3,244 $ 3,717 $ 3,778 $ 1,284 $ - $ - $ - $ 12,543 Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,199,942 $ - $ 1,199,942 Substandard - - - - - - 25,622 - 25,622 Loss - - - - - - 3 - 3 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,225,567 $ - $ 1,225,567 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 57,015 $ - $ 57,015 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 1,693 $ - $ 1,693 Total HELOCs $ - $ - $ - $ - $ - $ - $ 1,693 $ - $ 1,693 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 25 $ - $ 25 Personal Pass $ 667,332 $ 496,053 $ 307,971 $ 157,341 $ 61,363 $ 85,216 $ - $ 29,114 $ 1,804,390 Substandard 671 2,548 3,519 2,104 847 6,692 - 2,213 18,594 Loss - 61 58 5 22 18 - - 164 Total Personal $ 668,003 $ 498,662 $ 311,548 $ 159,450 $ 62,232 $ 91,926 $ - $ 31,327 $ 1,823,148 Year-to-Date gross write-offs $ 586 $ 12,216 $ 26,518 $ 14,121 $ 3,709 $ 1,631 $ - $ 1,943 $ 60,724 Auto Pass $ 899,264 $ 1,068,559 $ 762,480 $ 513,010 $ 357,768 $ 191,541 $ - $ - $ 3,792,622 Substandard 2,250 15,673 14,283 11,662 7,750 6,535 - - 58,153 Loss - 17 103 37 - 21 - - 178 Total Auto $ 901,514 $ 1,084,249 $ 776,866 $ 524,709 $ 365,518 $ 198,097 $ - $ - $ 3,850,953 Year-to-Date gross write-offs $ 3,122 $ 21,282 $ 15,163 $ 9,159 $ 3,657 $ 1,266 $ - $ - $ 53,649 Other consumer Pass $ 28,822 $ 25,904 $ 23,307 $ 16,942 $ 8,217 $ 3,455 $ 63,479 $ - $ 170,126 Substandard - - 216 104 22 52 419 - 813 Loss - - - 1,025 363 - - - 1,388 Total Other consumer $ 28,822 $ 25,904 $ 23,523 $ 18,071 $ 8,602 $ 3,507 $ 63,898 $ - $ 172,327 Year-to-Date gross write-offs $ 30 $ 191 $ 226 $ 181 $ 313 $ 1,398 $ - $ - $ 2,339 Total BPPR $ 4,291,562 $ 4,634,563 $ 3,586,064 $ 3,167,245 $ 2,147,599 $ 6,215,450 $ 3,087,981 $ 31,327 $ 27,161,791 September 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 $ 296,771 $ 141,317 $ 151,040 $ 464,528 $ 297,074 $ 652,853 $ 7,077 $ - $ 2,010,660 Watch - - - 15,589 24,021 100,470 - - 140,080 Special Mention - - - 7,882 - 2,503 - - 10,385 Substandard - - 1,781 2,736 - 21,581 - - 26,098 Total commercial multi-family $ 296,771 $ 141,317 $ 152,821 $ 490,735 $ 321,095 $ 777,407 $ 7,077 $ - $ 2,187,223 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 563 $ - $ - $ 563 Commercial real estate non-owner occupied Pass $ 152,036 $ 184,351 $ 312,258 $ 472,285 $ 174,416 $ 632,757 $ 4,585 $ - $ 1,932,688 Watch 10,300 8,834 10,841 11,285 - 52,924 - - 94,184 Substandard - - - 13,023 7,430 112,510 - - 132,963 Total commercial real estate non- owner occupied $ 162,336 $ 193,185 $ 323,099 $ 496,593 $ 181,846 $ 798,191 $ 4,585 $ - $ 2,159,835 Commercial real estate owner occupied Pass $ 321,250 $ 251,751 $ 246,753 $ 263,185 $ 242,063 $ 286,643 $ 9,556 $ - $ 1,621,201 Watch - 13,500 25,247 7,799 2,284 48,409 1,600 - 98,839 Special Mention - 18,001 - - - 11,055 - - 29,056 Substandard - 2,715 - 54,030 2,308 87,291 - - 146,344 Total commercial real estate owner occupied $ 321,250 $ 285,967 $ 272,000 $ 325,014 $ 246,655 $ 433,398 $ 11,156 $ - $ 1,895,440 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 26 $ - $ - $ 26 Commercial and industrial Pass $ 193,963 $ 327,871 $ 277,660 $ 327,177 $ 280,585 $ 661,457 $ 264,838 $ - $ 2,333,551 Watch - 1,706 9,462 29,796 22,081 63,952 4,295 - 131,292 Special Mention - - 4,454 180 342 207 810 - 5,993 Substandard - 5,670 864 4,464 152 1,457 10,198 - 22,805 Total commercial and industrial $ 193,963 $ 335,247 $ 292,440 $ 361,617 $ 303,160 $ 727,073 $ 280,141 $ - $ 2,493,641 Year-to-Date gross write-offs $ 100 $ 1,106 $ - $ - $ 599 $ 5 $ 108 $ - $ 1,918 Construction Pass $ 229,225 $ 420,979 $ 427,419 $ 85,358 $ - $ 6,030 $ 12,333 $ - $ 1,181,344 Watch 741 5,007 47,416 47,642 - 6,999 - - 107,805 Special Mention - - 2,908 - - - - - 2,908 Substandard - - - 8,602 - - - - 8,602 Total construction $ 229,966 $ 425,986 $ 477,743 $ 141,602 $ - $ 13,029 $ 12,333 $ - $ 1,300,659 Mortgage Pass $ 94,885 $ 84,091 $ 85,278 $ 207,578 $ 262,878 $ 562,783 $ - $ - $ 1,297,493 Substandard - - 644 - 217 26,948 - - 27,809 Total mortgage $ 94,885 $ 84,091 $ 85,922 $ 207,578 $ 263,095 $ 589,731 $ - $ - $ 1,325,302 September 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: HELOCs Pass $ - $ - $ - $ - $ - $ 5,580 $ 58,047 $ 10,311 $ 73,938 Substandard - - - - - 1,423 13 763 2,199 Loss - - - - - 165 - 895 1,060 Total HELOCs $ - $ - $ - $ - $ - $ 7,168 $ 58,060 $ 11,969 $ 77,197 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 46 $ - $ 46 Personal Pass $ 16,107 $ 20,115 $ 14,538 $ 19,843 $ 4,249 $ 1,384 $ - $ - $ 76,236 Substandard 82 74 171 259 16 269 - - 871 Loss - - 22 - - 48 - - 70 Total Personal $ 16,189 $ 20,189 $ 14,731 $ 20,102 $ 4,265 $ 1,701 $ - $ - $ 77,177 Year-to-Date gross write-offs $ - $ 1,665 $ 1,845 $ 3,051 $ 577 $ 37 $ - $ - $ 7,175 Other consumer Pass $ - $ - $ - $ - $ - $ - $ 8,863 $ - $ 8,863 Substandard - - - - - - 30 - 30 Total Other consumer $ - $ - $ - $ - $ - $ - $ 8,893 $ - $ 8,893 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 67 $ - $ 67 Total Popular U.S. $ 1,315,360 $ 1,485,982 $ 1,618,756 $ 2,043,241 $ 1,320,116 $ 3,347,698 $ 382,245 $ 11,969 $ 11,525,367 September 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 $ 302,538 $ 174,800 $ 187,700 $ 597,789 $ 317,685 $ 700,759 $ 7,184 $ - $ 2,288,455 Watch - 15,880 - 16,117 24,021 101,418 - - 157,436 Special Mention 219 - - 7,882 75 5,625 - - 13,801 Substandard - - 1,781 2,736 - 25,380 - - 29,897 Total commercial multi-family $ 302,757 $ 190,680 $ 189,481 $ 624,524 $ 341,781 $ 833,182 $ 7,184 $ - $ 2,489,589 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 563 $ - $ - $ 563 Commercial real estate non-owner occupied Pass $ 459,278 $ 624,437 $ 587,315 $ 1,268,613 $ 691,798 $ 1,341,247 $ 12,492 $ - $ 4,985,180 Watch 19,691 18,584 29,585 16,438 24,694 108,543 - - 217,535 Special Mention - - 23,362 147 - 19,146 - - 42,655 Substandard - 729 8,627 43,402 33,450 131,002 - - 217,210 Total commercial real estate non- owner occupied $ 478,969 $ 643,750 $ 648,889 $ 1,328,600 $ 749,942 $ 1,599,938 $ 12,492 $ - $ 5,462,580 Year-to-Date gross write-offs $ - $ 13,356 $ - $ 134 $ - $ 86 $ - $ - $ 13,576 Commercial real estate owner occupied Pass $ 380,295 $ 387,233 $ 320,441 $ 359,024 $ 413,065 $ 603,410 $ 13,517 $ - $ 2,476,985 Watch 2,105 24,592 30,702 36,857 31,855 123,374 3,486 - 252,971 Special Mention - 18,001 1,793 16,062 796 27,011 1,499 - 65,162 Substandard 13,441 3,066 1,414 93,450 11,497 158,211 14,448 - 295,527 Doubtful - - - - - 79 - - 79 Total commercial real estate owner occupied $ 395,841 $ 432,892 $ 354,350 $ 505,393 $ 457,213 $ 912,085 $ 32,950 $ - $ 3,090,724 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 129 $ - $ - $ 129 Commercial and industrial Pass $ 1,126,247 $ 994,354 $ 1,053,374 $ 817,119 $ 485,697 $ 1,020,730 $ 1,645,123 $ - $ 7,142,644 Watch 5,888 100,624 24,067 38,605 25,829 85,282 171,197 - 451,492 Special Mention 20,525 22,327 13,929 62,284 817 3,104 15,996 - 138,982 Substandard 12,269 18,664 54,814 80,863 158,895 21,214 165,802 - 512,521 Total commercial and industrial $ 1,164,929 $ 1,135,969 $ 1,146,184 $ 998,871 $ 671,238 $ 1,130,330 $ 1,998,118 $ - $ 8,245,639 Year-to-Date gross write-offs $ 945 $ 1,438 $ 209 $ 389 $ 620 $ 217 $ 6,679 $ - $ 10,497 September 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 $ 247,630 $ 540,679 $ 504,963 $ 94,737 $ 2,925 $ 16,299 $ 61,371 $ - $ 1,468,604 Watch 741 5,007 64,031 47,642 78 6,999 - - 124,498 Special Mention - - 2,908 - - - - - 2,908 Substandard - - - 8,602 - - - - 8,602 Total construction $ 248,371 $ 545,686 $ 571,902 $ 150,981 $ 3,003 $ 23,298 $ 61,371 $ - $ 1,604,612 Mortgage Pass $ 847,654 $ 969,213 $ 776,631 $ 597,748 $ 646,823 $ 4,621,615 $ - $ - $ 8,459,684 Substandard - 354 3,171 2,037 1,091 92,071 - - 98,724 Total mortgage $ 847,654 $ 969,567 $ 779,802 $ 599,785 $ 647,914 $ 4,713,686 $ - $ - $ 8,558,408 Year-to-Date gross write-offs $ 31 $ - $ 1 $ - $ - $ 1,538 $ - $ - $ 1,570 Leasing Pass $ 553,617 $ 571,841 $ 385,290 $ 277,696 $ 154,797 $ 47,637 $ - $ - $ 1,990,878 Substandard 256 1,156 2,254 2,271 1,176 593 - - 7,706 Loss - - - 33 34 - - - 67 Total leasing $ 553,873 $ 572,997 $ 387,544 $ 280,000 $ 156,007 $ 48,230 $ - $ - $ 1,998,651 Year-to-Date gross write-offs $ 520 $ 3,244 $ 3,717 $ 3,778 $ 1,284 $ - $ - $ - $ 12,543 September 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 $ - $ - $ - $ - $ - $ - $ 1,199,942 $ - $ 1,199,942 Substandard - - - - - - 25,622 - 25,622 Loss - - - - - - 3 - 3 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,225,567 $ - $ 1,225,567 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 57,015 $ - $ 57,015 HELOCs Pass $ - $ - $ - $ - $ - $ 5,580 $ 59,740 $ 10,311 $ 75,631 Substandard - - - - - 1,423 13 763 2,199 Loss - - - - - 165 - 895 1,060 Total HELOCs $ - $ - $ - $ - $ - $ 7,168 $ 59,753 $ 11,969 $ 78,890 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 71 $ - $ 71 Personal Pass $ 683,439 $ 516,168 $ 322,509 $ 177,184 $ 65,612 $ 86,600 $ - $ 29,114 $ 1,880,626 Substandard 753 2,622 3,690 2,363 863 6,961 - 2,213 19,465 Loss - 61 80 5 22 66 - - 234 Total Personal $ 684,192 $ 518,851 $ 326,279 $ 179,552 $ 66,497 $ 93,627 $ - $ 31,327 $ 1,900,325 Year-to-Date gross write-offs $ 586 $ 13,881 $ 28,363 $ 17,172 $ 4,286 $ 1,668 $ - $ 1,943 $ 67,899 Auto Pass $ 899,264 $ 1,068,559 $ 762,480 $ 513,010 $ 357,768 $ 191,541 $ - $ - $ 3,792,622 Substandard 2,250 15,673 14,283 11,662 7,750 6,535 - - 58,153 Loss - 17 103 37 - 21 - - 178 Total Auto $ 901,514 $ 1,084,249 $ 776,866 $ 524,709 $ 365,518 $ 198,097 $ - $ - $ 3,850,953 Year-to-Date gross write-offs $ 3,122 $ 21,282 $ 15,163 $ 9,159 $ 3,657 $ 1,266 $ - $ - $ 53,649 Other consumer Pass $ 28,822 $ 25,904 $ 23,307 $ 16,942 $ 8,217 $ 3,455 $ 72,342 $ - $ 178,989 Substandard - - 216 104 22 52 449 - 843 Loss - - - 1,025 363 - - - 1,388 Total Other consumer $ 28,822 $ 25,904 $ 23,523 $ 18,071 $ 8,602 $ 3,507 $ 72,791 $ - $ 181,220 Year-to-Date gross write-offs $ 30 $ 191 $ 226 $ 181 $ 313 $ 1,398 $ 67 $ - $ 2,406 Total Popular Inc. $ 5,606,922 $ 6,120,545 $ 5,204,820 $ 5,210,486 $ 3,467,715 $ 9,563,148 $ 3,470,226 $ 43,296 $ 38,687,158 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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