v3.26.1
Loans
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Loans Loans
For a summary of the accounting policies related to loans, interest recognition and allowance for credit losses refer to Note 2 - Summary of
Significant Accounting Policies of the 2025 Form 10-K.
The following table presents the Corporation's loan purchases for the quarters and six months ended June 30, 2026 and 2025 by class of
loans:
Quarters ended June 30,
Six months ended June 30,
(In thousands)
2026
2025
2026
2025
Commercial
$15,304
$67,726
$70,310
$74,886
Mortgage
121,644
125,690
230,852
246,597
Ending balance
$136,948
$193,416
$301,162
$321,483
The following table presents the Corporation’s loan sales for the quarters and six months ended June 30, 2026 and 2025 by class of loans:
Quarters ended June 30,
Six months ended June 30,
(In thousands)
2026
2025
2026
2025
Commercial
$165,886
$1,000
$180,077
$27,349
Construction
3,833
-
3,833
9,338
Mortgage
11,959
8,450
22,994
15,387
Ending balance
$181,678
$9,450
$206,904
$52,074
Delinquency status
The following tables present the amortized cost basis of loans held-in-portfolio (“HIP’’), net of unearned income, by past due status, and by
loan class including those that are in non-performing status or that are accruing interest but are past due 90 days or more at June 30, 2026
and December 31, 2025.
June 30, 2026
BPPR
Past due
Past due 90 days or more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$10,723
$-
$-
$10,723
$335,236
$345,959
$-
$-
Commercial real estate:
Non-owner occupied
2,750
160
26,016
28,926
3,292,169
3,321,095
26,016
-
Owner occupied
2,053
-
15,374
17,427
1,139,254
1,156,681
15,374
-
Commercial and industrial
5,063
2,084
142,947
150,094
6,012,974
6,163,068
138,389
4,558
Construction
-
-
-
-
425,850
425,850
-
-
Mortgage
228,082
108,220
320,739
657,041
6,872,509
7,529,550
129,240
191,499
Leasing
22,358
5,549
7,182
35,089
1,932,946
1,968,035
7,182
-
Consumer:
Credit cards
12,058
8,488
23,367
43,913
1,194,097
1,238,010
-
23,367
Home equity lines of credit
-
-
-
-
1,852
1,852
-
-
Personal
17,784
10,789
16,605
45,178
1,850,841
1,896,019
16,605
-
Auto
99,765
19,552
31,474
150,791
3,615,857
3,766,648
31,474
-
Other
327
796
3,869
4,992
159,077
164,069
3,544
325
Total
$400,963
$155,638
$587,573
$1,144,174
$26,832,662
$27,976,836
$367,824
$219,749
June 30, 2026
Popular U.S.
Past due
Past due 90 days or more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$5,166
$-
$8,931
$14,097
$2,039,368
$2,053,465
$8,931
$-
Commercial real estate:
-
Non-owner occupied
1,600
3,391
6,950
11,941
2,287,839
2,299,780
6,950
-
Owner occupied
994
1,438
8,865
11,297
2,088,724
2,100,021
8,865
-
Commercial and industrial
5,672
58
6,737
12,467
2,598,549
2,611,016
6,563
174
Construction
-
12,491
-
12,491
1,293,734
1,306,225
-
-
Mortgage
898
2,773
10,233
13,904
1,236,880
1,250,784
10,233
-
Consumer:
Credit cards
-
-
-
-
(13)
(13)
-
-
Home equity lines of credit
912
119
3,320
4,351
79,154
83,505
3,320
-
Personal
513
656
751
1,920
54,786
56,706
751
-
Other
441
-
-
441
11,096
11,537
-
-
Total
$16,196
$20,926
$45,787
$82,909
$11,690,117
$11,773,026
$45,613
$174
June 30, 2026
Popular, Inc.
Past due
Past due 90 days or more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP [2] [3]
Non-accrual
loans
Accruing
loans
Commercial multi-family
$15,889
$-
$8,931
$24,820
$2,374,604
$2,399,424
$8,931
$-
Commercial real estate:
Non-owner occupied
4,350
3,551
32,966
40,867
5,580,008
5,620,875
32,966
-
Owner occupied
3,047
1,438
24,239
28,724
3,227,978
3,256,702
24,239
-
Commercial and industrial
10,735
2,142
149,684
162,561
8,611,523
8,774,084
144,952
4,732
Construction
-
12,491
-
12,491
1,719,584
1,732,075
-
-
Mortgage[1]
228,980
110,993
330,972
670,945
8,109,389
8,780,334
139,473
191,499
Leasing
22,358
5,549
7,182
35,089
1,932,946
1,968,035
7,182
-
Consumer:
Credit cards
12,058
8,488
23,367
43,913
1,194,084
1,237,997
-
23,367
Home equity lines of credit
912
119
3,320
4,351
81,006
85,357
3,320
-
Personal
18,297
11,445
17,356
47,098
1,905,627
1,952,725
17,356
-
Auto
99,765
19,552
31,474
150,791
3,615,857
3,766,648
31,474
-
Other
768
796
3,869
5,433
170,173
175,606
3,544
325
Total
$417,159
$176,564
$633,360
$1,227,083
$38,522,779
$39,749,862
$413,437
$219,923
[1]At June 30, 2026, mortgage loans held-in-portfolio include $6.8 billion of loans that carry certain guarantees from the FHA or the VA, for which the
Corporation’s policy is to exclude them from non-performing status, of which $191.5 million are 90 days or more past due. The portfolio of guaranteed loans
includes $39.8 million of residential mortgage loans in Puerto Rico that are no longer accruing interest as of June 30, 2026. The Corporation has $26.3
million in reverse mortgage loans in Puerto Rico which are guaranteed by FHA, but which are currently not accruing interest at June 30, 2026.
[2]Loans held-in-portfolio are net of $406.7 million in unearned income and exclude $88.6 million in loans held-for-sale.
[3]Includes $22.8 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which
$7.4 billion were pledged at the Federal Home Loan Bank ("FHLB") as collateral for borrowings and $15.3 billion at the Federal Reserve Bank ("FRB") for
discount window borrowings. As of June 30, 2026, the Corporation had an available borrowing facility with the FHLB and the discount window of FRB of $4.1
billion and $11.9 billion, respectively.
December 31, 2025
BPPR
Past due
Past due 90 days or more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$6,579
$155
$112
$6,846
$296,502
$303,348
$112
$-
Commercial real estate:
Non-owner occupied
2,457
299
35,692
38,448
3,356,682
3,395,130
35,692
-
Owner occupied
2,760
681
24,567
28,008
1,168,585
1,196,593
24,567
-
Commercial and industrial
8,864
3,760
187,222
199,846
5,770,227
5,970,073
183,914
3,308
Construction
17,283
-
-
17,283
340,258
357,541
-
-
Mortgage
261,145
133,124
329,613
723,882
6,624,085
7,347,967
132,373
197,240
Leasing
23,748
4,640
9,179
37,567
1,963,798
2,001,365
9,179
-
Consumer:
Credit cards
13,700
10,617
27,529
51,846
1,204,885
1,256,731
-
27,529
Home equity lines of credit
-
-
-
-
1,908
1,908
-
-
Personal
19,608
11,894
19,082
50,584
1,785,818
1,836,402
18,863
219
Auto
109,103
25,495
52,200
186,798
3,633,014
3,819,812
52,200
-
Other
927
2,688
2,285
5,900
165,858
171,758
1,809
476
Total
$466,174
$193,353
$687,481
$1,347,008
$26,311,620
$27,658,628
$458,709
$228,772
December 31, 2025
Popular U.S.
Past due
Past due 90 days or more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP
Non-accrual
loans
Accruing
loans
Commercial multi-family
$9,500
$-
$8,636
$18,136
$2,134,306
$2,152,442
$8,636
$-
Commercial real estate:
Non-owner occupied
-
1,600
7,020
8,620
2,139,534
2,148,154
7,020
-
Owner occupied
-
-
-
-
1,956,487
1,956,487
-
-
Commercial and industrial
7,608
928
6,686
15,222
2,622,117
2,637,339
6,498
188
Construction
-
-
-
-
1,317,358
1,317,358
-
-
Mortgage
15,596
6,400
13,422
35,418
1,266,055
1,301,473
13,422
-
Consumer:
Credit cards
-
-
-
-
(14)
(14)
-
-
Home equity lines of credit
1,282
82
2,796
4,160
72,624
76,784
2,796
-
Personal
983
832
1,233
3,048
66,778
69,826
1,233
-
Other
-
-
29
29
9,012
9,041
29
-
Total
$34,969
$9,842
$39,822
$84,633
$11,584,257
$11,668,890
$39,634
$188
December 31, 2025
Popular, Inc.
Past due
Past due 90 days or more
(In thousands)
30-59
days
60-89
days
90 days
or more
Total
past due
Current
Loans HIP [2] [3]
Non-accrual
loans
Accruing
loans
Commercial multi-family
$16,079
$155
$8,748
$24,982
$2,430,808
$2,455,790
$8,748
$-
Commercial real estate:
Non-owner occupied
2,457
1,899
42,712
47,068
5,496,216
5,543,284
42,712
-
Owner occupied
2,760
681
24,567
28,008
3,125,072
3,153,080
24,567
-
Commercial and industrial
16,472
4,688
193,908
215,068
8,392,344
8,607,412
190,412
3,496
Construction
17,283
-
-
17,283
1,657,616
1,674,899
-
-
Mortgage[1]
276,741
139,524
343,035
759,300
7,890,140
8,649,440
145,795
197,240
Leasing
23,748
4,640
9,179
37,567
1,963,798
2,001,365
9,179
-
Consumer:
Credit cards
13,700
10,617
27,529
51,846
1,204,871
1,256,717
-
27,529
Home equity lines of credit
1,282
82
2,796
4,160
74,532
78,692
2,796
-
Personal
20,591
12,726
20,315
53,632
1,852,596
1,906,228
20,096
219
Auto
109,103
25,495
52,200
186,798
3,633,014
3,819,812
52,200
-
Other
927
2,688
2,314
5,929
174,870
180,799
1,838
476
Total
$501,143
$203,195
$727,303
$1,431,641
$37,895,877
$39,327,518
$498,343
$228,960
[1]At December 31, 2025 mortgage loans held-in-portfolio include $3.2 billion of loans that carry certain guarantees from the FHA or the VA, for which the
Corporation’s policy is to exclude them from non-performing status, of which $197 million are 90 days or more past due. The portfolio of guaranteed loans
includes $47 million of residential mortgage loans in Puerto Rico that are no longer accruing interest as of December 31, 2025. The Corporation has $27.0
million in reverse mortgage loans in Puerto Rico which are guaranteed by FHA, but which are currently not accruing interest at December 31, 2025.
[2]Loans held-in-portfolio are net of $421.6 million in unearned income and exclude $10.0 million in loans held-for-sale.
[3]Includes $22.7 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which
$7.5 billion were pledged at the FHLB as collateral for borrowings and $15.2 billion at the FRB for discount window borrowings. As of December 31, 2025,
the Corporation had an available borrowing facility with the FHLB and the discount window of FRB of $4.0 billion and $12.1 billion, respectively.
The following tables present the amortized cost basis of non-accrual loans as of June 30, 2026 and December 31, 2025 by class of loans:
June 30, 2026
BPPR
Popular U.S.
Popular, Inc.
(In thousands)
Non-accrual
with no
allowance
Non-accrual
with
allowance
Non-accrual
with no
allowance
Non-accrual
with
allowance
Non-accrual
with no
allowance
Non-accrual
with
allowance
Commercial multi-family
$-
$-
$2,288
$6,643
$2,288
$6,643
Commercial real estate non-owner occupied
23,597
2,419
6,925
25
30,522
2,444
Commercial real estate owner occupied
6,523
8,851
489
8,376
7,012
17,227
Commercial and industrial
-
138,389
4,090
2,473
4,090
140,862
Mortgage
54,106
75,134
814
9,419
54,920
84,553
Leasing
660
6,522
660
6,522
Consumer:
HELOCs
-
3,320
-
3,320
Personal
3,577
13,028
-
751
3,577
13,779
Auto
2,871
28,603
-
-
2,871
28,603
Other
746
2,798
-
-
746
2,798
Total
$92,080
$275,744
$14,606
$31,007
$106,686
$306,751
December 31, 2025
BPPR
Popular U.S.
Popular, Inc.
(In thousands)
Non-accrual
with no
allowance
Non-accrual
with
allowance
Non-accrual
with no
allowance
Non-accrual
with
allowance
Non-accrual
with no
allowance
Non-accrual
with
allowance
Commercial multi-family
$-
$112
$8,137
$499
$8,137
$611
Commercial real estate non-owner occupied
31,408
4,284
6,979
41
38,387
4,325
Commercial real estate owner occupied
16,576
7,991
-
-
16,576
7,991
Commercial and industrial
6,245
177,669
5,985
513
12,230
178,182
Mortgage
59,302
73,071
732
12,690
60,034
85,761
Leasing
771
8,408
-
-
771
8,408
Consumer:
HELOCs
-
-
-
2,796
-
2,796
Personal
3,314
15,549
-
1,233
3,314
16,782
Auto
2,252
49,948
-
-
2,252
49,948
Other
378
1,431
-
29
378
1,460
Total
$120,246
$338,463
$21,833
$17,801
$142,079
$356,264
The Corporation has designated loans classified as collateral dependent for which the ACL is measured based on the fair value of the
collateral less cost to sell, when foreclosure is probable or when the repayment is expected to be provided substantially by the sale or
operation of the collateral and the borrower is experiencing financial difficulty. The fair value of the collateral is based on appraisals, which
may be adjusted due to their age, type, location, and condition of the property or area or general market conditions to reflect the expected
change in value between the effective date of the appraisal and the measurement date. Appraisals are updated every one to two years
depending on the type of loan and the total exposure of the borrower.
Loans in non-accrual status with no allowance at June 30, 2026 include $106.7 million in collateral dependent loans (December 31, 2025 -
$142.0 million). The Corporation recognized $2.9 million in interest income on non-accrual loans during the six months ended June 30, 2026
(June 30, 2025 - $3.0 million).
The following tables present the amortized cost basis of collateral-dependent loans, for which the ACL was measured based on the fair
value of the collateral less cost to sell, by class of loans and type of collateral as of June 30, 2026 and December 31, 2025:
June 30, 2026
(In thousands)
Real Estate
Auto
Equipment
Other
Total
BPPR
Commercial multi-family
$1,173
$-
$1,173
Commercial real estate:
Non-owner occupied
95,379
-
-
-
95,379
Owner occupied
13,042
-
-
-
13,042
Commercial and industrial
3,313
-
571
44,558
48,442
Mortgage
61,541
-
-
-
61,541
Leasing
1,705
-
-
1,705
Consumer:
Personal
3,868
-
-
-
3,868
Auto
17,067
-
-
17,067
Other
10
-
1,082
1,092
Total BPPR
$178,316
$18,782
$571
$45,640
$243,309
Popular U.S.
Commercial multi-family
$12,559
$-
$-
$-
$12,559
Commercial real estate:
Non-owner occupied
65,577
-
-
-
65,577
Owner occupied
8,865
8,865
Commercial and industrial
4,090
-
-
2,000
6,090
Mortgage
1,406
-
-
-
1,406
Total Popular U.S.
$92,497
$-
$-
$2,000
$94,497
Popular, Inc.
Commercial multi-family
$13,732
$-
$-
$-
$13,732
Commercial real estate:
Non-owner occupied
160,956
-
-
-
160,956
Owner occupied
21,907
-
-
-
21,907
Commercial and industrial
7,403
-
571
46,558
54,532
Mortgage
62,947
-
-
-
62,947
Leasing
-
1,705
-
-
1,705
Consumer:
Personal
3,868
-
-
-
3,868
Auto
-
17,067
-
-
17,067
Other
-
10
-
1,082
1,092
Total Popular, Inc.
$270,813
$18,782
$571
$47,640
$337,806
December 31, 2025
(In thousands)
Real Estate
Auto
Equipment
Other
Total
BPPR
Commercial multi-family
$1,206
$-
$-
$-
$1,206
Commercial real estate:
Non-owner occupied
127,031
-
-
-
127,031
Owner occupied
23,014
-
-
-
23,014
Commercial and industrial
2,378
-
4,476
297
7,151
Mortgage
67,380
-
-
-
67,380
Leasing
-
1,925
-
-
1,925
Consumer:
Personal
3,402
-
-
-
3,402
Auto
-
16,512
-
-
16,512
Other
-
31
-
363
394
Total BPPR
$224,411
$18,468
$4,476
$660
$248,015
Popular U.S.
Commercial multi-family
$16,395
$-
$-
$-
$16,395
Commercial real estate:
Non-owner occupied
65,630
-
-
-
65,630
Commercial and industrial
4,187
-
-
1,798
5,985
Mortgage
1,398
-
-
-
1,398
Total Popular U.S.
$87,610
$-
$-
$1,798
$89,408
Popular, Inc.
Commercial multi-family
$17,601
$-
$-
$-
$17,601
Commercial real estate:
Non-owner occupied
192,661
-
-
-
192,661
Owner occupied
23,014
-
-
-
23,014
Commercial and industrial
6,565
-
4,476
2,095
13,136
Mortgage
68,778
-
-
-
68,778
Leasing
-
1,925
-
-
1,925
Consumer:
Personal
3,402
-
-
-
3,402
Auto
-
16,512
-
-
16,512
Other
-
31
-
363
394
Total Popular, Inc.
$312,021
$18,468
$4,476
$2,458
$337,423