BPOP

Interested in Popular, Inc.? Here are five stocks we like better. Popular’s latest results show why the bank has attracted analyst support and investor attention. Earnings growth, capital strength and shareholder returns remain central to the bull case. Credit costs, leadership change and a stock trading near analyst targets still give investors reasons to stay selective. Recent results from Popular (NASDAQ: BPOP), Puerto Rico's largest bank, are showing why analysts rate the bank a solid Buy. The midsized bank is steadily growing earnings, returning capital to shareholders, and hitting ratios that would make many other banks jealous. Shareholders are also likely to be pleased. → MarketBeat Week in Review – 07/27- 07/31 The stock is up more than 50% over the past 12 months and roughly 40% since the start of the year. The question for new investors is whether the easy gains are behind it and whether there’s plenty more room for the bank to run. → Lost in Space: Why Aerospace Valuations Are Plummeting Right Now Popular’s rally has real fundamentals behind it. The bank's second-quarter results showed net income climbing to $278 million, up 13% from the first quarter and 32% year-over-year (YOY). Diluted earnings per share rose to $4.35, an increase of 41% from the prior year’s quarter, and well above analysts’ expectations. At the same time, net interest income grew to $693 million as the bank held its net interest margin steady at 3.66%. Non-interest income advanced 7% to $181 million on stronger card and service fees. Both operating and interest expense declined over the year. → Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case As a result, return on average tangible common equity reached 17.02% for the quarter, up 3.76 percentage points from a year ago, and to a figure that would stand out among even better-known names. And with a common equity tier 1 ratio of 16.08% and total risk-based capital of 17.85%, the bank also has plenty of room to keep lending and return cash to shareholders. Indeed, it used that room in its recent announcement, saying it was seeking to raise its quarterly dividend 20% to 90 cents per share, and the board authorized a new $1 billion stock buyback program after largely working through a prior $500 million authorization. Management also grew more confident about what lies ahead. The company lifted its full-year 2026 net interest income growth target to 8-9% from a previous 5-7%. It raised its quarterly non-interest income outlook to $165 million to $170 million. And it trimmed its expected growth in operating expenses. All these figures point to a durable franchise. Popular remains the dominant bank in Puerto Rico, with assets near $79 billion, total loans of $39.7 billion, and deposits of $70.2 billion. Its mix of consumer, commercial, and card lending across both Puerto Rico and the U.S. mainland gives it several ways to grow. Indeed, its mainland U.S. operations, which account for roughly 30% of its business, provide important diversification beyond its island banking franchise. And as the island's economy continues to normalize, Popular is positioned to benefit from steady loan demand and absorb a slowdown in any one segment. Popular’s stock price has followed its trajectory through the year. Trading near $176 per share, the stock has climbed from the mid-$120s at the start of the year. With a price/earnings ratio below 12, the level remains below many comparable banks in the broader finance sector. The dividend yield sits at about 1.70% based on the current quarterly payout of 75 cents, a figure that should improve once the proposed dividend increase takes effect. Analysts have broadly taken notice, assigning a consensus Buy rating to the stock. With 13 analysts tracking the company, 12 have a Buy recommendation, with one analyst suggesting a Hold. Overall, the 12-month price target is $184.42 per share, leaving modest upside from recent trading levels. The highest price target for the next 12 months is $214, while the lowest is $156 per share. None of this means the story is risk-free. Credit costs are showing signs of sliding in the wrong direction. The net charge-off ratio rose to 1.05% in the second quarter, driven largely by a single $71 million charge-off tied to one resolved commercial relationship. Excluding that item, the ratio would have been a strong 0.33%. Even so, management raised its full-year net charge-off guidance to a range of 65 to 80 basis points annualized, and the allowance for credit losses now stands at $785 million. Nonperforming loans as a percent of total assets are creeping up but remain manageable at 0.69%. Beyond that, no bank is immune to certain macroeconomic factors and unexpected disruptions. And despite a string of recent, consistent growth, Popular has not avoided ups and downs through the years for various reasons. Leadership change also adds another, though perhaps muted, variable at this point in the cycle. CEO Javier D. Ferrer is set to retire effective on Aug. 31, 2026, with current CFO Jorge J. García stepping into the CEO role and new CFO and chief risk officer appointments taking effect in September. On the positive side, the promotions are all coming from inside the company, with executives already familiar with the balance sheet. But new leadership can still bring shifts in risk appetite or capital-allocation priorities that are worth watching. There’s also a question of how much good news is already priced in. With shares trading close to the consensus target, there is not much expectation for a quick upswing. Then again, with short interest at a modest 3.06% of float, the market does not appear to be betting on a decline anytime soon. In all, Popular makes a strong case for considering it as part of an investor’s financial-sector position. With high returns on tangible equity, strong capital levels, a growing dividend, increasing earnings, and an active buyback program, the company appears to have earned its current Buy recommendation. Given the limited current upside, though, new investors may need to be more selective after such a strong run. Assuming a multiyear horizon and the ability to tolerate some credit-cycle noise, investors looking in the banking sector might consider whether Popular’s fundamentals still justify paying up near recent levels. The article "Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Popular, Inc. BPOP reported second-quarter 2026 earnings per share of $4.35, which surpassed the Zacks Consensus Estimate of $3.69. The bottom line compared favorably with $3.09 in the year-ago quarter. The results benefited from higher net interest income (NII), strong fee income growth and rising loan and deposit balances. Lower operating expenses on a year-over-year basis were also encouraging. However, higher provisions and net charge-offs were headwinds. The company’s net income (GAAP basis) came in at $278.2 million, which rose 32.2% year over year. Total quarterly revenues were $874 million, rising 9.2% from the year-ago quarter. The top line surpassed the Zacks Consensus Estimate of $842.3 million. Quarterly NII was $693.4 million, up 9.8% year over year. Also, net interest margin (non-taxable equivalent basis) expanded 17 basis points to 3.66%. Non-interest income increased 7.2% year over year to $180.5 million. The rise was primarily driven by increases in banking fees, asset management and insurance fees, mortgage banking activities and other operating income. Total operating expenses decreased 1.8% year over year to $484.1 million. The decline primarily stemmed from decreases in professional fees, transactional services, net occupancy and other operating expenses, partly offset by higher technology and software expenses and business promotion costs. As of June 30, 2026, total loans held-in-portfolio increased 1.2% on a sequential basis to $39.7 billion. The rise was mainly driven by growth across commercial, construction and mortgage loans. Total deposits were $70.2 billion, up 3.9% from the previous quarter. The increase included a $3 billion rise in Puerto Rico public deposits. In the second quarter of 2026, Popular recorded a provision for credit losses of $65.9 million, up 34.6% from the prior-year quarter. As of June 30, 2026, non-performing assets were $546.7 million, which increased 52.8% year over year. Non-performing loans held-in-portfolio were $413.4 million, up 32.7% year over year. The non-performing loan ratio was 1.04% compared with 0.82% in the year-ago quarter. The net charge-off ratio increased to 1.05% from 0.45%. As of June 30, 2026, the Common Equity Tier 1 capital ratio and the Tier 1 capital ratio were 16.08% and 16.13%, respectively, up from 15.91% and 15.96% in the year-ago quarter. The return on average assets was 1.41%, up from 1.11% a year earlier. Return on average tangible common equity increased to 17.02% from 13.26%. In the reported quarter, the company repurchased 833,369 shares of common stock for $125 million at an average price of $150.36 per share. The company fully utilized its prior $500 million authorization and announced a new common stock repurchase authorization of up to $1 billion. It also announced a planned 20% increase in the quarterly common stock dividend to 90 cents per share from 75 cents, effective in the fourth quarter of 2026, subject to board approval. Higher NII, solid fee income generation and continued loan and deposit growth are likely to support Popular's financial performance. The company's strong capital position, robust capital return initiatives and improving profitability ratios are also encouraging. However, elevated net charge-offs, higher credit loss provisions and deteriorating asset quality remain concerns. Popular, Inc. price-consensus-eps-surprise-chart | Popular, Inc. Quote Currently, Popular carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Hancock Whitney Corp.’s HWC second-quarter 2026 earnings per share of $1.55 matched the Zacks Consensus Estimate. The bottom line rose 17.4% from the prior-year quarter. HWC’s results were supported by higher net interest income and non-interest income, along with a decline in provisions. Also, a sequential increase in loans and deposit balances was positive. However, higher expenses were the undermining factor. F.N.B. Corporation FNB reported second-quarter 2026 earnings of 42 cents per share, which matched the Zacks Consensus Estimate. The bottom line jumped 16.7% year over year. FNB’s results primarily benefited from higher NII, a rise in non-interest income and lower provisions. Higher average loans and deposits were other positives. However, higher non-interest expenses hurt the results to some extent. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Popular, Inc. (BPOP) : Free Stock Analysis Report F.N.B. Corporation (FNB) : Free Stock Analysis Report Hancock Whitney Corporation (HWC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. After a 171.0% total return over the past five years, Popular no longer looks obviously cheap, and recent valuation checks suggest the stock now sits closer to a fair range rather than offering a clear discount. Over five years, Popular has returned 171.0%, which puts more pressure on today's buyers to justify paying up at current levels. The combination of rising dividends and an expanded share repurchase program can support the current share price. However, the upcoming CEO transition introduces some uncertainty around how consistently capital will be allocated in future. Popular scores 3 out of 6 on the broader valuation checks, pointing to a mixed picture rather than a clear bargain or clear overvaluation. The issue now is whether Popular's recent rerating and capital return plans leave enough upside to compensate for the execution and leadership risks ahead. Popular delivered 51.6% returns over the last year. See how this stacks up to the rest of the Banks industry. P/E is usually the cleanest way to compare a bank like Popular with peers, because earnings capture both lending activity and fee income in a single figure. Popular currently trades on a P/E of 12.3x, which sits very close to the Banks industry average of about 12.1x and the peer group at roughly 12.1x. The tailored fair P/E from the model is 13.3x, based on factors such as Popular's profitability profile, risk, and size, so the current multiple is modestly below that reference point rather than at an obvious premium. Despite the recent Q2 2026 beat, dividend uplift, and new buyback plan, the stock price still roughly tracks the sector on earnings. Overall, the P/E comparison suggests Popular is priced in line with what you would expect for a bank with its characteristics, instead of offering a clear discount or trading on a stretched premium. On the P/E multiple, Popular looks roughly fairly valued rather than clearly cheap or expensive. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives pick up where Popular's valuation puzzle leaves off by making clear which earnings, margin and balance sheet paths would need to play out for the stock to be worth materially more or less than it is today. Each Narrative connects its implied number to a specific view on how Popular's growth, profitability and risks may evolve, giving you a framework you can return to as fresh results and guidance emerge. Share a Narrative on Popular to put a clear, number driven view on whether its earnings, dividend increase, buyback plan and leadership transition add up to enough value at today's price, and see how that thesis stacks up as future results are released. It is a chance to be one of the first voices in the Simply Wall St community putting concrete assumptions on Popular's path from here and tracking how they hold up. Do you think there's more to the story for Popular? Head over to our Community to see what others are saying! Popular now screens as about right on earnings, so the easy value case from earlier years is less obvious and the burden shifts to execution. With the stock trading close to peer P/E levels and a mixed broader valuation read, the key question is whether management can keep earning power, dividends and buybacks aligned without overreaching on risk. For many investors, the crux from here is whether the upcoming leadership transition strengthens that discipline or becomes the reason the current valuation starts to look full. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BPOP. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Reported a 15% sequential increase in EPS driven by higher net interest income, solid fee generation, and continued balance sheet growth. Attributed strong Puerto Rico performance to a healthy labor market, robust tourism, and ongoing infrastructure investment supported by federal disaster recovery funds. Modernized over half of the Puerto Rico retail branch network to enhance customer experience through a blend of digital self-service and personalized support. Expanded commercial capabilities with a new cash management platform and corporate credit card solutions, which now account for nearly half of commercial purchase volume. Successfully resolved the corporation's largest nonperforming commercial relationship, a $155 million loan, through a strategic charge-off and subsequent sale. Maintained stable deposit costs despite competitive pressures by utilizing targeted retention strategies and leveraging a dominant market position in Puerto Rico. Raised the annual ROTCE objective to a range of 14% to 17%, reflecting confidence in sustainable through-the-cycle returns. Projected net interest income growth of 8% to 9% for the year, assuming stable net interest margins as higher public deposit costs offset asset yield benefits. Anticipated public deposits to remain in the $20 billion to $22 billion range for the remainder of the year following seasonal tax-related inflows. Expected full-year expense growth of 2% to 3%, accounting for annual salary increases in July and continued investment in digital transformation. Planned additional common stock repurchases of $300 million to $400 million for the remainder of 2026 under a new $1 billion authorization. Announced the retirement of CEO Javier D. Ferrer-Fernández, effective August 2026, with Jorge Jose García named as successor. Recognized a $71 million charge-off related to the resolution of a large telecom-related nonperforming loan. Identified two unrelated commercial and industrial relationships totaling $129 million placed on nonaccrual status, though management characterized these as borrower-specific rather than systemic. Noted that while manufacturing investment is strong, mortgage demand remains constrained by affordability despite healthy underlying fundamentals. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified the $1 billion authorization has no expiration date and the pace of buybacks will be balanced against organic growth and capital strength. Expressed openness to optimizing the capital stack via additional Tier 1 capital if market rates become more favorable, which would facilitate faster CET1 reduction. Growth guidance remains at the low end of 3% to 4% due to headwinds in US construction loan payoffs and fewer large-ticket commercial loans in Puerto Rico. Management expects future loan demand to be supported by increased public works and infrastructure spending ahead of the 2028 election cycle. Confirmed that the $400 million decline in non-public deposits was consistent with historical seasonality as clients spent tax refund windfalls. Noted a significant increase in point-of-sale interchange income, indicating that customers are actively spending liquidity rather than just shifting accounts. Reiterated that whole-bank M&A is not a priority; the focus remains on profitable niche businesses that strengthen the deposit franchise or enhance commercial capabilities. Stated that any potential acquisition must meet a high threshold for cultural fit and not distract from ongoing digital transformation efforts.

Interested in Popular, Inc.? Here are five stocks we like better. Popular posted a strong second quarter with net income of $278 million, or $4.35 per share, up 15% from the prior quarter and 41% from a year ago. Management also raised its full-year outlook for net interest income to 8% to 9% growth and lifted its ROTCE target to 14% to 17%. The bank announced a leadership transition: CEO Javier Ferrer will retire at the end of August, CFO Jorge García will become CEO, and Chief Risk Officer Lidio Soriano will move into the CFO role. Popular also increased its quarterly dividend by 20% to $0.90 per share, pending board approval, and authorized up to $1 billion in share repurchases. Credit quality remained generally stable, even though some commercial loans caused charge-offs and non-accruals. Non-performing loans fell to $413 million and the NPL ratio improved to 1.04%, while management now expects full-year net charge-offs of 65 to 80 basis points. Trending Stocks: How to Spot, Trade, and Profit Safely Popular (NASDAQ:BPOP) reported a stronger second quarter, with management citing higher net interest income, solid fee generation, balance sheet growth and stable underlying credit trends, while also announcing a leadership transition and expanded capital returns. President and CEO Javier Ferrer said the company earned net income of $278 million, or $4.35 per share, up $0.57 per share, or 15%, from the first quarter. Compared with the second quarter of last year, earnings per share rose 41%. Return on tangible common equity improved to 17% during the quarter. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Growth vs. Value Investing: What Are the Differences? Ferrer also announced that he will retire at the end of August, saying he plans to focus on his health and spend time with family and friends. CFO Jorge García will succeed him as CEO, while Chief Risk Officer Lidio Soriano will become CFO. Luis Sousa will succeed Soriano as chief risk officer. García said net interest income increased by $23 million from the prior quarter to $693 million. The increase was driven by loan growth, fixed asset repricing and higher investment balances supported by deposit growth at Banco Popular de Puerto Rico. Net interest margin was stable at 3.66% on a GAAP basis, while taxable-equivalent NIM expanded three basis points to 4.17%. → 3 Photonics Companies Making Quantum Tech Possible How to make money with penny stocks Ending loan balances rose by $460 million during the quarter, with growth in commercial and construction lending across both banks and continued mortgage growth at Banco Popular de Puerto Rico. García said the company’s loan growth guidance remains at the low end of the 3% to 4% range. Deposit balances ended the quarter at $70.2 billion, up $2.6 billion from the first quarter. Puerto Rico public deposits increased by about $3 billion, while customer deposits excluding public funds declined by about $400 million, which García attributed to normal seasonality as customers spent tax refund proceeds. He said Popular expects public deposits to be in the range of $20 billion to $22 billion for the rest of the year. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off Given favorable funding trends in Puerto Rico and balance sheet growth, García said Popular now expects net interest income to increase 8% to 9% for the year. Management expects NIM to remain generally stable for the rest of the year. Non-interest income increased by $15 million to $181 million, coming in above management’s guidance range. García said the increase reflected continued strength in debit and credit card activity, as well as asset management and insurance fees. Popular now expects quarterly non-interest income of $165 million to $170 million for the year. Operating expenses increased by about $17 million to $484 million. García said the increase was primarily tied to higher personnel costs, including profit-sharing and performance-based compensation linked to the company’s financial results. Business promotion expenses also rose due to higher credit card loyalty program activity. Management continues to expect full-year expense growth of about 2% to 3%, including profit-sharing expenses. García said annual salary increases that took effect in July are expected to add about $4 million to $5 million per quarter in the second half of the year. Popular also raised its annual ROTCE objective to a range of 14% to 17%. García said the new target reflects the strength of results and management’s confidence in the company’s ability to deliver sustainable returns. Tangible book value per share increased by $2.96 to $87.94, and the common equity Tier 1 capital ratio rose 16 basis points to 16.1%. During the quarter, Popular returned $174 million to shareholders, including approximately $125 million in common stock repurchases. The company fully utilized its prior $500 million repurchase authorization and announced a new share repurchase authorization of up to $1 billion. It also announced a planned 20% increase in its quarterly dividend to $0.90 per share beginning in the fourth quarter, subject to board approval. García said Popular expects to repurchase an additional $300 million to $400 million of common stock during the remainder of the year. Soriano said credit quality remained stable in the second quarter, supported by improved consumer credit performance, stable mortgage trends and the resolution of a previously disclosed commercial loan. Consumers remained resilient, supported by higher tax refunds and a solid labor market, he said. However, reported credit metrics were affected by several commercial developments. Popular resolved its largest non-performing relationship, a $155 million commercial loan that had been classified as non-performing since the third quarter of 2025. During the quarter, the company recognized a $71 million charge-off and transferred the remaining $84 million balance to loans held for sale. Soriano said the sale was completed on July 2 for $84 million. Separately, two unrelated commercial and industrial relationships totaling about $129 million were placed on non-accrual status. Soriano said these were borrower-specific situations and were not indicative of broader deterioration in the portfolio or the related industries. Total non-performing loans decreased by $45 million to $413 million, and the non-performing loan ratio improved to 1.04% from 1.17% in the prior quarter. Net charge-offs were $104 million, or an annualized 1.05%, compared with $60 million, or 61 basis points, in the prior quarter. Excluding the $71 million commercial charge-off, the net charge-off ratio was 33 basis points. Popular now expects full-year net charge-offs in the range of 65 to 80 basis points. García said allowance coverage remained strong, with the allowance for credit losses to loans ratio at 1.97% and the allowance to non-performing loans ratio increasing to 190% from 180%. Ferrer said business activity in Puerto Rico remained stable, supported by a healthy labor market, strong tourism activity, ongoing infrastructure investment and consumer spending. Unemployment stood at 5.8% in June, while Popular debit and credit card sales volume increased more than 7% year over year. Construction activity remained strong, supported by public and private investment, including the deployment of federal disaster recovery funds and private-sector projects. Ferrer also pointed to manufacturing investment activity, saying the sector has announced about $2.3 billion of investments and more than 5,000 direct jobs since 2025 across pharmaceutical, aerospace, logistics, technology and advanced manufacturing. Tourism also remained a source of strength. Ferrer said hotel demand approached 2 million room nights, or 81% occupancy, from January through May, increasing about 7% versus the same period in 2025. Cruise passenger arrivals increased about 45% year over year through May. Management said Popular continues to focus on its three strategic objectives: being the number one bank for customers, being simple and efficient, and being a top-performing bank. Ferrer cited ongoing investments in branch modernization, digital tools, cash management capabilities, corporate credit card solutions and targeted customer segments as key parts of the strategy. Popular, Inc, headquartered in San Juan, Puerto Rico, is a financial holding company and a leading provider of banking services in the United States mainland and Puerto Rico. Through its primary subsidiaries—Banco Popular de Puerto Rico and Popular Bank—the company delivers comprehensive commercial and consumer banking solutions. It offers deposit products, lending facilities, cash management services and payment-processing solutions designed for individuals, small businesses and large corporations. The company's product suite encompasses checking and savings accounts, certificates of deposit, residential and commercial mortgage loans, business lines of credit and credit cards. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Popular Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Net Income: $278 million. Earnings Per Share (EPS): $4.35, an increase of $0.57 per share or 15% from the first quarter. Return on Tangible Common Equity (ROTCE): Improved to 17% during the quarter. Loan Portfolio Growth: Increased by $460 million, driven by commercial, construction, and mortgage lending. Deposit Growth: Increased by $2.6 billion, primarily from Puerto Rico public deposits. Share Repurchase: $125 million of common stock repurchased, fully utilizing the prior $500 million authorization. Dividend Increase: Planned 20% increase in quarterly dividend to $0.90 per share. Net Interest Income: Increased by $23 million to $693 million. Net Interest Margin (NIM): Stable at 3.66% on a GAAP basis; expanded to 4.17% on a taxable equivalent basis. Non-Interest Income: Increased by $15 million to $181 million. Operating Expenses: Increased by $17 million to $484 million. Effective Tax Rate: 14% during the quarter. Tangible Book Value Per Share: Increased by $2.96 to $87.94. Common Equity Tier 1 (CET1) Ratio: Increased to 16.1%. Non-Performing Loans (NPL): Decreased by $45 million to $413 million. Net Charge-Offs: $104 million or annualized 1.05%. Warning! GuruFocus has detected 10 Warning Signs with PCG. Is BPOP fairly valued? Test your thesis with our free DCF calculator. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Popular Inc (NASDAQ:BPOP) reported a strong net income of $278 million and earnings per share of $4.35, marking a 15% increase from the first quarter. The company announced a 20% increase in its quarterly dividend to $0.90 per share and a new $1 billion share repurchase authorization. Loans held in portfolio increased by $460 million, driven by growth in commercial, construction, and mortgage lending. Credit performance remained stable with lower consumer net charge-offs and a decline in non-performing loans. Popular Inc (NASDAQ:BPOP) continues to invest in technology and digital capabilities, enhancing customer experience and operational efficiency. Two unrelated commercial and industrial relationships totaling approximately $129 million were placed on non-accrual status, indicating potential credit risk. Operating expenses increased by approximately $17 million, primarily due to higher personnel costs and business promotion expenses. Deposit costs increased slightly, reflecting competitive conditions in the market, particularly in the US. The company faces ongoing competition in both Puerto Rico and the US, impacting pricing strategies and market share. Despite strong performance, the company acknowledges potential headwinds in loan growth due to fewer large-ticket loans and timing of payoffs in the construction portfolio. Q: Have you changed your expectations for optimal capital levels with the new buyback announcement? Is the $1 billion buyback a 12-month goal? A: Jorge Garcia, CFO: The authorization does not have a time limit. We plan to execute buybacks in the $300 million to $400 million range for the rest of the year. This, along with dividends, will cover around 100% of the 2025 net income. We are open to optimizing our capital stack, but current market rates are not favorable. Q: What would need to happen for loan growth expectations to move higher? A: Jorge Garcia, CFO: We had strong growth in both markets this quarter. In the US, construction portfolio growth continues, but there are headwinds in timing of payoffs. In Puerto Rico, fewer large ticket loans are expected. We anticipate more public works spending as we approach the 2028 election year. Q: Can you provide more details on the competitive landscape in Puerto Rico and the US? A: Javier Ferrer, CEO: Competition is always present in Puerto Rico from local banks, big banks, and fintechs. We compete rationally and will defend our turf. In the US, competition is strong in Florida and New York, with smaller banks in Florida and larger players in New York. Q: Why is there an expected increase in expenses in the second half of the year? A: Jorge Garcia, CFO: Annual salary increases effective in July will add $4 million to $5 million per quarter. We continue to invest in transformation efforts, and the expense guidance includes a range for profit sharing. Q: How do you view the potential for mainland M&A given the NOLs expiring in 2028? A: Jorge Garcia, CFO: Increasing profitability is the best way to realize the benefit of NOLs. We are not driving an acquisition strategy solely for DTA benefits. M&A is not a priority, and any transaction must meet strict criteria, including cultural fit and strategic alignment. Q: What are your thoughts on the updated ROTCE range and the potential for future growth? A: Javier Ferrer, CEO: We are not near our peak. We are seeing the results of our transformation efforts and are energized for future growth. We believe we have only begun to realize our potential. Q: Can you explain the seasonality in deposits and its impact on consumer credit performance? A: Jorge Garcia, CFO: There is seasonality in deposits due to tax refunds. We see higher balances in the first quarter, which decline in the second and third quarters. Consumer credit performance also benefits from seasonality, with lower losses and delinquencies in the first half of the year. Q: How are you managing expenses given the better NII outlook? A: Jorge Garcia, CFO: We have ongoing efficiency efforts, aiming for $50 million in savings. These are not large projects but focus on operational excellence. We are not slowing down transformation projects to meet expense guidance. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Popular (BPOP) came out with quarterly earnings of $4.35 per share, beating the Zacks Consensus Estimate of $3.69 per share. This compares to earnings of $3.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +17.89%. A quarter ago, it was expected that this company that runs Banco Popular and other banks in Puerto Rico and the U.S. would post earnings of $3.3 per share when it actually produced earnings of $3.78, delivering a surprise of +14.55%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Popular, which belongs to the Zacks Banks - Southeast industry, posted revenues of $873.96 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.76%. This compares to year-ago revenues of $800.03 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Popular shares have added about 39.7% since the beginning of the year versus the S&P 500's gain of 9.6%. While Popular has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Popular was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.68 on $853.23 million in revenues for the coming quarter and $15.05 on $3.4 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. First Guaranty Bancshares (FGBI), another stock in the same industry, has yet to report results for the quarter ended June 2026. This bank holding company is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of +114.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. First Guaranty Bancshares' revenues are expected to be $21.66 million, down 11.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Popular, Inc. (BPOP) : Free Stock Analysis Report First Guaranty Bancshares, Inc. (FGBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

SAN JUAN, Puerto Rico, July 23, 2026--(BUSINESS WIRE)--Popular, Inc. (the "Corporation," "Popular," "we," "us," "our") (NASDAQ: BPOP) The financial information in this earnings release includes non-GAAP financial measures. These measures are intended to supplement, and should not be considered a substitute for, GAAP results. See the "Non-GAAP Financial Measures" section for additional information; and Table R - Reconciliation to GAAP Financial Measures. All financial information in this release, including the accompanying tables, is unaudited. Javier D. Ferrer, President and Chief Executive Officer, said: "We are pleased to report another solid quarter. Net income reached $278 million, 13% higher than the first quarter of this year and 32% higher than the same quarter a year ago. Our results reflect higher net interest income, solid fee generation, continued balance sheet growth, and strong capital generation. Our ROTCE improved to 17% from 15.5% in the previous quarter, as we remain focused on delivering sustainable, through-the-cycle shareholder returns." "We continued to return capital to shareholders during the quarter, repurchasing $125 million of common stock, exhausting our previous $500 million authorization, and paying our quarterly dividend of $0.75 per share. We also announced additional capital actions, including a 20% increase in our quarterly dividend to $0.90 per share, subject to Board approval, and a new $1.0 billion share repurchase authorization." "At the same time, we continued to advance our strategic priorities – to be the number one bank for our customers, to be simple and efficient, and to be a top-performing bank. It is most rewarding to see how the organization has embraced our objectives. A growing number of initiatives are gaining traction simultaneously, and the pace of execution is accelerating." "With the satisfaction of seeing Popular solid, united, and moving forward with a clear purpose and strategy, I'm announcing my retirement, effective August 31, 2026. As I begin this next chapter, I look forward to focusing on my health and spending meaningful time with my family and close friends." "It has been an honor to serve Popular and work alongside a team so deeply committed to our clients, communities and shareholders. I am especially grateful to our employees for their support, trust and dedication throughout my years at Popular. I am proud of what we have accomplished together and the momentum it creates for Popular’s future. I also want to thank Jorge for his partnership over the years. I know his leadership will guide Popular forward with strength, purpose and care." Significant Events Capital Actions On July 23, 2026, the Corporation announced the following capital actions: an increase in the Corporation’s quarterly common stock dividend from $0.75 to $0.90 per share, commencing with the dividend payable in the fourth quarter of 2026, subject to the approval of the Corporation’s Board of Directors; and a new common stock repurchase authorization of up to $1 billion. The Corporation’s planned common stock repurchases may be executed in open market transactions, privately negotiated transactions, block trades or any other manner determined by the Corporation. The Corporation has repurchased approximately $280 million in common stock to date in 2026 and, as of June 30, 2026, had fully utilized the $500 million common stock repurchase authorization approved in 2025. The timing, quantity and price of the Corporation's common stock repurchases will be subject to various factors, including market conditions, the Corporation’s capital position, liquidity and financial performance, the capital impact of strategic initiatives and tax and regulatory considerations, including regulatory approvals for subsidiary dividends. The common stock repurchase authorization does not require the Corporation to acquire a specific dollar amount or number of shares and may be modified, suspended or terminated at any time without prior notice. Popular, Inc. – Net interest income of $693 million increased $23 million, or 3.5%, from Q1 2026. The increase was primarily driven by higher income from investment securities, and by higher income on loans driven by commercial loan growth, as well as one additional day in the quarter. These were partially offset by higher interest expense on deposits, mainly due to higher average balances of P.R. public deposits, as well as commercial deposits at both banks. Average earning assets increased by $1.8 billion, driven by U.S. Treasury securities, which increased QoQ by $1.4 billion. Average interest-bearing deposits increased by $1.8 billion driven by P.R. public deposits which increased $1.1 billion when compared to Q1 2026 while non-interest bearing demand deposits increased by $167 million. Net interest margin was unchanged at 3.66%. Deposit costs increased by one basis point to 1.57%. The additional day in the quarter represented $5 million in incremental income in Q2 2026. NII fully taxable equivalent ("FTE") and NIM FTE (Non-GAAP)- NII FTE of $789 million increased $31 million, or 4.1%, from Q1 2026. NIM on a taxable equivalent basis expanded three basis points to 4.17%. Money market and investment securities yields FTE increased by 15 basis points, mainly driven by purchases and re-investment of maturities into higher yielding U.S. Treasury securities. Interest income on a taxable equivalent basis includes interest income on U.S. Treasury securities, certain GNMA securities and certain loans in BPPR's portfolios, that are tax exempt in Puerto Rico. Refer to tables D, E and F for more details on the components of NII and NIM on a taxable equivalent basis. BPPR Segment – NII of $590 million increased $22 million, or 3.9%, from Q1 2026. Higher NII was driven by a $22 million or 10 basis points increase in money market and investment securities income, resulting from higher average balances and investment securities yields and a $9 million increase in loan income, mainly driven by higher average balances in the commercial, construction and mortgage portfolios. Higher interest expense on deposits of $9 million, mainly due to a $1.1 billion increase in average Puerto Rico public deposit balances and higher commercial deposits. NIM was stable at 3.85%. Deposit costs increased by one basis point to 1.32%, including the costs of public deposits of 2.61% or five basis points lower than last quarter. Popular Bank Segment – NII of $113 million increased $1 million, or 1.2%, from Q1 2026. The increase was primarily driven by higher commercial loan income by $4 million and higher yields by seven basis points, attributable to the re-pricing of commercial loans and new originations carrying higher yields, as well as the impact of one additional day in the quarter, partially offset by higher interest expense on deposits by $2 million or six basis points attributable to higher costs of commercial deposits. NIM expanded by two basis points to 3.17%. Deposit costs increased by 4 basis points to 2.73%. Non-interest income of $181 million increased $15 million or 8% from Q1 2026. Key drivers: Banking fees increased $6 million to $117 million, driven by credit and debit card fees, which increased by $3 million and $2 million, respectively, supported by strong transaction activity and higher purchase volumes, including from commercial credit cards. Other operating income increased by $7 million to $26 million, mainly driven by higher income from investments accounted for under the equity method by $4 million, that benefited from an unrealized gain of $3 million in the valuation of an investment. Refer to Table B for further details. Total operating expenses of $484 million increased $17 million, or 3%, from Q1 2026. Key drivers: Total personnel costs increased by $13 million, or 6%, primarily reflecting higher performance-based compensation, including approximately $10 million related to the employee profit-sharing plan and additional accruals for short-term incentive compensation by $5 million, both of which are tied to the Corporation’s financial performance. Full-time equivalent employees were 9,203 as of June 30, 2026, compared to 9,191 as of March 31, 2026. Business promotion expenses increased $5 million driven by an increase in transaction activity in Q2 2026, tied to our credit card business rewards program and a benefit in Q1 2026 from the expiration of unclaimed customer rewards points. For a breakdown of operating expenses by category in the consolidated statement of operations refer to Table B. For the second quarter of 2026, the Corporation recorded an income tax expense of $46 million, compared to $47 million for the previous quarter. The Corporation's effective tax rate ("ETR") is impacted by the composition and source of its taxable income and tax credit activities. The ETR for the second quarter of 2026 was 14.1%, compared to 16.0% for the previous quarter, mainly driven by higher exempt income and the impact of other tax benefits, including the purchase of tax credits and income with preferential tax rates. During the second quarter of 2026, the Corporation’s overall credit quality metrics remained stable. The quarter included the resolution of a significant commercial non-performing relationship, which resulted in a $71 million charge-off and the transfer of the remaining $84 million carrying amount to loans held-for-sale. Consumer credit performance continued to improve, supported by lower losses in the auto portfolio. Commercial NPL inflows increased during the quarter, driven by borrower-specific issues that management does not view as indicative of broader credit deterioration. Non-Performing Loans Held-in-Portfolio ("NPLs") and Net Charge Offs ("NCOs") Total NPLs decreased $45 million to $413 million during Q2 2026. Excluding consumer loans, inflows of NPLs held-in-portfolio increased $137 million in the second quarter of 2026. The ratio of NPLs to total loans held in the portfolio was 1.04% for the second quarter of 2026, compared to 1.17% for the previous quarter. NCO Ratio of 1.05% increased 44 basis points when compared to the previous quarter. Excluding the $71 million charge-off, the NCO Ratio was 0.33% for the quarter. BPPR segment- NPLs decreased $52 million, primarily driven by a $47 million reduction in commercial NPLs. The decline reflects the resolution of a $155 million relationship, where our intent to sell resulted in a $71 million charge-off and the transfer of the remaining $84 million to loans held for sale ("LHFS"). The loan was subsequently sold on July 2, 2026. The decrease resulting from the reclassification of the loan previously mentioned was partially offset by the inflows to commercial NPLs of two unrelated commercial and industrial relationships of $129 million in the aggregate. These inflows to commercial NPLs stemmed from issues specific to the individual borrowers and are not indicative of a broader decline in portfolio credit quality or the industries in which the borrowers operate. Excluding consumer loans, BPPR segment NPL inflows increased $123 million compared to the prior quarter. NCOs increased $43 million, primarily reflecting the previously mentioned commercial credit resolution, partially offset by a $10 million improvement in consumer NCOs, mostly due to lower losses in the auto portfolio. NCO Ratio of 1.46%, increased 61 basis points driven by the $71 million charge off during the quarter. PB segment- NPLs increased $8 million, primarily driven by commercial NPLs. Excluding consumer loans, inflows to NPLs increased $14 million compared to the previous quarter. NCO Ratio of 0.08%, increased 4 basis points during the quarter. Refer to table L for a breakdown of Non-Performing Assets. Allowance for loan losses ("ACL") The ACL as of June 30, 2026 amounted to $785 million, a decrease of $39 million when compared to the first quarter of 2026. The decline primarily reflects the resolution of the commercial non-performing credit moved to LHFS, improving consumer credit performance, and favorable portfolio and macroeconomic developments. BPPR segment- The ACL decreased by $40 million compared to the previous quarter, mostly driven by a $22 million decrease in reserves for commercial loans. This decrease was primarily due to the transfer to LHFS of the $155 million NPL and related charge-off, as well as favorable changes in the credit quality of the portfolio and the macroeconomic scenario, partially offset by higher reserves associated with NPL inflows during the quarter and loan growth. Additionally, the ACL for consumer loans decreased by $12 million, primarily in the auto and credit card portfolios, reflecting improvements in credit quality. PB segment- The ACL remained stable quarter-over-quarter at $93 million. Provision for credit losses Provision for loan losses of $65 million for the second quarter of 2026. The decrease of $10 million compared to the prior quarter was primarily driven by a lower provision expense in the BPPR segment by $12 million, reflecting improved credit quality in the consumer portfolio, higher recovery activity, and a more favorable macroeconomic outlook supporting the mortgage portfolio. These favorable trends were partially offset by higher reserve requirements associated with commercial NPL inflows during the quarter. Including the provision for unfunded loan commitments and the provision related to the Corporation’s investment portfolio, the provision for credit losses for the second quarter was $66 million. Total assets- Total assets increased $2.8 billion from the first quarter of 2026, primarily driven by an increase of $2.3 billion in investment securities. Loans held-in-portfolio increased $460 million, mainly due to an increase of $300 million in the BPPR segment across most portfolios and an increase of $160 million in the PB segment, primarily in commercial loans. Loans held-for-sale ("LHFS") also increased $83 million, mainly due to the loan reclassified as LHFS during the quarter. Total liabilities- Total liabilities increased $2.7 billion from the first quarter of 2026, mainly reflecting a $2.6 billion increase in deposits, including growth in P.R. public deposits of $3.0 billion, coupled with a $325 million increase in short-term borrowings due to higher FHLB advances at PB. This was partially offset by a $246 million decline in other liabilities, primarily from lower unsettled U.S. Treasury purchases outstanding at period end. Stockholders’ equity- Stockholders' equity increased $122 million when compared to the first quarter of 2026, driven by $278 million of net income and $35 million of amortization of unrealized losses on securities previously reclassified to held-to- maturity ("HTM"), net of tax, and a favorable variance in foreign currency translation adjustments of $22 million from our investment in BHD. These increases were partially offset by $125 million of common share repurchases, $49 million in common and preferred dividends declared, and a $50 million increase in unrealized losses on available-for-sale ("AFS") securities. The Corporation maintained a diversified loan portfolio at June 30, 2026 with approximately 70% of loan balances in its main market of Puerto Rico and 54% of our consolidated loan portfolio consisting of real estate-related loans, including residential mortgage loans, construction loans, commercial multi-family, and commercial loans secured by commercial real estate. Total deposits were $70.2 billion as of the end of Q2 2026, reflecting a diversified funding base across retail, commercial and public sector. P.R. public deposits stood at $22.7 billion representing 32% of total deposits. We expect P.R. public deposits to be in the range of $20-22 billion for the rest of the year. The Corporation's Common Equity Tier 1 capital ratio was 16.08% at June 30, 2026, higher by 16 basis points when compared to Q1 2026, which was primarily driven by higher income. Tangible common book value per common share increased to $87.94, driven by net income partially offset by capital return activity. Common equity per share increased to $100.38. Refer to Table A for capital ratios and Table R for a reconciliation of the non-GAAP financial measures presented above to the most comparable GAAP financial measures. Capital Actions – During the quarter and six months ended June 30, 2026, Popular repurchased 833,369 shares of common stock for $125 million at an average price of $150.36 per share and 1,988,767 shares of common stock for $280 million at an average price of $141.04 per share, respectively. Common stock repurchases and dividends on preferred and common stock combined, represented capital returned to shareholders of $174 million during the quarter and $378 million for the six months ended June 30, 2026. ROTCE (non-GAAP) – Return on average tangible common equity, adjusted to add-back unrealized (gains) losses on AFS securities, including those transferred to HTM (as so adjusted, "ROTCE"), improved to 17.02% in Q2 2026, up from 15.46% in Q1 2026. We believe that adding back the impact of unrealized (gains) losses on AFS securities including those transferred to HTM to the denominator provides meaningful information about the Corporation’s return on capital. This press release contains financial information prepared under accounting principles generally accepted in the United States ("U.S. GAAP") and non-GAAP financial measures. Management uses non-GAAP financial measures when it determines that these measures provide more meaningful information of the underlying performance of the ongoing operations. Non-GAAP financial measures used by the Corporation may not be comparable to similarly named non-GAAP financial measures used by other companies. Below are the non-GAAP measures used in this earnings release: NII on a fully taxable equivalent ("FTE") basis – Management believes that this presentation provides meaningful information since it facilitates the comparison of revenues arising from taxable and tax-exempt sources. NII FTE is presented with its different components in Tables D and E for the quarter ended June 30, 2026 and F for the year to date ended June 30, 2026. Tangible common equity – The tangible common equity ratio and tangible book value per common share are commonly used by banks and analysts in conjunction with more traditional bank capital ratios to compare the capital adequacy of banking organizations with significant amounts of goodwill or other intangible assets, typically stemming from the use of the purchase accounting method for mergers and acquisitions. Return on average tangible common equity is also a measure commonly used by banks and analysts to measure the return on that tangible common equity. We present return on average tangible common equity with and without the impact of unrealized (gains) losses on AFS securities including those transferred to HTM in the denominator because we believe that adding back the impact of unrealized (gains) losses on AFS securities including those transferred to HTM to the denominator provides meaningful information about the Corporation’s return on capital. Unless otherwise indicated, references to "ROTCE" in this press release means return on average tangible common equity as adjusted to add back unrealized (gains) losses on AFS securities, including those transferred to HTM. Neither tangible common equity nor tangible assets or related measures should be used in isolation or as a substitute for stockholders’ equity, total assets or any other measure calculated in accordance with GAAP. Refer to Table R for a reconciliation of total stockholders’ equity to tangible common equity and total assets to tangible assets. Adjusted Net Income – Management believes that the "Adjusted net income" provides meaningful information about the underlying performance of the Corporation’s ongoing operations. There were no adjustments to net income for the quarter ended June 30, 2026 or March 31 2026. This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including without limitation those regarding Popular’s business, financial condition, results of operations, plans, objectives, outlook and future performance. These statements are not guarantees of future performance, are based on management’s current expectations and, by their nature, involve risks, uncertainties, estimates and assumptions. Potential factors, some of which are beyond the Corporation’s control, could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. Risks and uncertainties include, without limitation, the effect of competitive and economic factors, and our reaction to those factors, the adequacy of the allowance for loan losses, delinquency trends, market risk and the impact of interest rate changes (including on our cost of deposits), our ability to attract deposits and grow our loan portfolio, capital market conditions, capital adequacy and liquidity, the effect of legal and regulatory proceedings, the receipt of necessary regulatory approvals, including for dividends by the Corporation’s subsidiaries, and the timing of those regulatory approvals, new regulatory requirements or accounting standards on the Corporation’s financial condition and results of operations, the occurrence of unforeseen or catastrophic events, such as extreme weather events, pandemics, man-made disasters or acts of violence or war, as well as actions taken by governmental authorities in response thereto, and the direct and indirect impact of such events on Popular, our customers, service providers and third parties. Other potential factors include Popular’s ability to successfully execute its transformation initiative, including, but not limited to, achieving projected earnings, efficiencies and return on tangible common equity and accurately anticipating costs and expenses associated therewith, our ability to execute capital actions, including with respect to share repurchases and dividends, the imposition of additional or special FDIC assessments, or increases thereto, the occurrence of any cyber-security event, changes to regulatory capital, liquidity and resolution-related requirements applicable to financial institutions, the impact of bank failures or adverse developments at other banks and related negative media coverage of the banking industry in general on investor and depositor sentiment regarding the stability and liquidity of banks, and changes in and uncertainty regarding federal funding, tax and trade policies, and rulemaking, supervision, examination and enforcement priorities of the federal administration. All statements contained herein that are not clearly historical in nature, are forward-looking, and the words "anticipate," "believe," "continues," "expect," "estimate," "intend," "project" and similar expressions, and future or conditional verbs such as "will," "would," "should," "could," "might," "can," "may" or similar expressions, are generally intended to identify forward-looking statements. More information on the risks and important factors that could affect the Corporation’s future results and financial condition is included in our Form 10-K for the year ended December 31, 2025, our Form 10-Q for the quarter ended March 31, 2026 and our Form 10-Q for the quarter ended June 30, 2026 to be filed with the Securities and Exchange Commission. Our filings are available on the Corporation’s website (www.popular.com) and on the Securities and Exchange Commission website (www.sec.gov). The Corporation assumes no obligation to update or revise any forward-looking statements or information which speak as of their respective dates. Popular, Inc. (NASDAQ: BPOP) is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. and British Virgin Islands, as well as auto and equipment leasing and financing in Puerto Rico. Popular also offers broker-dealer and insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida. Popular will hold a conference call to discuss its financial results today, Wednesday, July 23, 2026 at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the Investor Relations section of the Corporation’s website: www.popular.com. Following the live webcast, a replay will be archived in the investor relations section of Popular’s website.