
	June 30, 2026
	Carrying				Measured
(In thousands)	amount	Level 1	Level 2	Level 3	at NAV	Fair value
Financial Assets:
Cash and due from banks	$365,013	$365,013	$-	$-	$-	$365,013
Money market investments	4,555,489	4,545,508	9,981	-	-	4,555,489
Trading account debt securities, excluding derivatives [1]	31,168	3,405	27,590	173	-	31,168
Debt securities available-for-sale [1]	24,792,835	10,040,663	14,751,294	878	-	24,792,835
Debt securities held-to-maturity:
U.S. Treasury securities	$6,154,728	$-	$6,133,383	$-	$-	$6,133,383
Obligations of Puerto Rico, States and political subdivisions	35,619	-	-	36,338	-	36,338
Collateralized mortgage obligation-federal agency	1,483	-	1,295	-	-	1,295
Securities in wholly owned statutory business trusts	5,960	-	5,960	-	-	5,960
Total debt securities held-to-maturity	$6,197,790	$-	$6,140,638	$36,338	$-	$6,176,976
Equity securities:
FHLB stock	$67,428	$-	$67,428	$-	$-	$67,428
FRB stock	104,788	-	104,788	-	-	104,788
Other investments	64,458	-	56,041	7,068	1,386	64,495
Total equity securities	$236,674	$-	$228,257	$7,068	$1,386	$236,711
Loans held-for-sale	$88,579	$-	$88,579	$-	$-	$88,579
Loans held-in-portfolio	38,965,030	-	-	38,117,234	-	38,117,234
Mortgage servicing rights	94,485	-	-	94,485	-	94,485
Derivatives	28,518	-	28,518	-	-	28,518


	June 30, 2026
	Carrying				Measured
(In thousands)	amount	Level 1	Level 2	Level 3	at NAV	Fair value
Financial Liabilities:
Deposits:
Demand deposits	$60,328,037		$60,328,037	$-	$-	$60,328,037
Time deposits	9,905,078		9,672,021	-	-	9,672,021
Total deposits	$70,233,115	$-	$70,000,058	$-	$-	$70,000,058
Assets sold under agreements to repurchase	$77,521	$-	$106,441	$-	$-	$106,441
Other short-term borrowings [2]	675,000	-	675,000	-	-	$675,000
Notes payable:
FHLB advances	$114,620	$-	$112,942	$-	$-	$112,942
Unsecured senior debt securities	397,277	-	414,004	-	-	414,004
Junior subordinated deferrable interest debentures (related to trust preferred securities)	198,413	-	198,452	-	-	198,452
Total notes payable	$710,310	$-	$725,398	$-	$-	$725,398
Derivatives	$26,953	$-	$26,953	$-	$-	$26,953

[1]Refer to Note 19 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level.

[2]Refer to Note 12 to the Consolidated Financial Statements for the composition of other short-term borrowings.


	December 31, 2025
	Carrying				Measured
(In thousands)	amount	Level 1	Level 2	Level 3	at NAV	Fair value
Financial Assets:
Cash and due from banks	$402,755	$402,755	$-	$-	$-	$402,755
Money market investments	4,626,506	4,616,272	10,234	-	-	4,626,506
Trading account debt securities, excluding derivatives [1]	36,569	12,450	23,936	183	-	36,569
Debt securities available-for-sale [1]	20,574,972	6,576,313	13,997,504	1,155	-	20,574,972
Debt securities held-to-maturity:
U.S. Treasury securities	$7,268,967	$-	$7,309,991	$-	$-	$7,309,991
Obligations of Puerto Rico, States and political subdivisions	45,295	-	6,766	39,564	-	46,330
Collateralized mortgage obligation-federal agency	1,495	-	1,306	-	-	1,306
Securities in wholly owned statutory business trusts	5,960	-	5,960	-	-	5,960
Total debt securities held-to-maturity	$7,321,717	$-	$7,324,023	$39,564	$-	$7,363,587
Equity securities:
FHLB stock	$68,422	$-	$68,422	$-	$-	$68,422
FRB stock	102,665	-	102,665	-	-	102,665
Other investments	58,761	-	50,632	7,817	852	59,301
Total equity securities	$229,848	$-	$221,719	$7,817	$852	$230,388
Loans held-for-sale	$9,998	$-	$9,998	$-	$-	$9,998
Loans held-in-portfolio	38,519,462	-	-	37,858,044	-	37,858,044
Mortgage servicing rights	96,356	-	-	96,356	-	96,356
Derivatives	27,913	-	27,913	-	-	27,913


	December 31, 2025
	Carrying				Measured
(In thousands)	amount	Level 1	Level 2	Level 3	at NAV	Fair value
Financial Liabilities:
Deposits:
Demand deposits	$56,710,732	$-	$56,710,732	$-	$-	$56,710,732
Time deposits	9,479,361	-	9,305,980	-	-	9,305,980
Total deposits	$66,190,093	$-	$66,016,712	$-	$-	$66,016,712
Assets sold under agreements to repurchase	$39,001	$-	$39,004	$-	$-	$39,004
Other short-term borrowings [2]	650,000	-	650,000	-	-	650,000
Notes payable:
FHLB advances	$164,620	$-	$163,417	$-	$-	$163,417
Unsecured senior debt securities	396,558	-	419,300	-	-	419,300
Junior subordinated deferrable interest debentures (related to trust preferred securities)	198,399	-	191,909	-	-	191,909
Total notes payable	$759,577	$-	$774,626	$-	$-	$774,626
Derivatives	$25,740	$-	$25,740	$-	$-	$25,740