Segment reporting (Tables)

6 Months Ended

Jun. 30, 2026

The tables that follow present the results of operations and total assets by reportable segments:


2026
For the quarter ended June 30, 2026
(In thousands)	BPPR	Popular U.S.	Intersegment Eliminations
Interest income	$779,759	$201,358	$-
Interest expense	189,836	88,282	-
Net interest income	589,923	113,076	-
Provision for credit losses	63,156	2,752	-
Non-interest income	155,700	7,296	(22)
Personnel costs	165,537	27,461	(22)
Professional fees	14,075	1,751	-
Technology and software expenses	67,349	11,008	-
Processing and transactional services	36,695	533	-
Amortization of intangibles	239	145	-
Depreciation expense	11,886	2,146	-
Other operating expenses [1]	122,034	23,697	-
Total operating expenses	417,815	66,741	(22)
Income before income tax	264,652	50,879	-
Income tax expense	31,748	14,293	-
Net income	$232,904	$36,586	$-
Segment assets	$63,517,017	$15,032,815	$(38,964)
[1] Other operating expenses includes net occupancy expenses, equipment expense, excluding depreciation, other operating taxes, communications expense, business promotion expenses, deposit insurance costs and OREO expenses.


For the quarter ended June 30, 2026
(In thousands)	Reportable Segments	Corporate	Eliminations	Total Popular, Inc.
Interest income	$981,117	$1,144	$(622)	$981,639
Interest expense	278,118	10,724	(622)	288,220
Net interest income (expense)	702,999	(9,580)	-	693,419
Provision for credit losses (benefit)	65,908	(35)	-	65,873
Non-interest income	162,974	18,354	(783)	180,545
Personnel costs	192,976	36,084	(29)	229,031
Professional fees	15,826	8,977	(319)	24,484
Technology and software expenses	78,357	12,614	-	90,971
Processing and transactional services	37,228	38	-	37,266
Amortization of intangibles	384	-	-	384
Depreciation expense	14,032	376	-	14,408
Other operating expenses [1]	145,731	(57,802)	(343)	87,586
Total operating expenses	484,534	287	(691)	484,130
Income before income tax	315,531	8,522	(92)	323,961
Income tax expense	46,041	(294)	-	45,747
Net income	$269,490	$8,816	$(92)	$278,214
Segment assets	$78,510,868	$5,690,030	$(5,228,598)	$78,972,300
[1] Other operating expenses includes net occupancy expenses, equipment expense, excluding depreciation, other operating taxes, communications expense, business promotion expenses, deposit insurance costs and OREO expenses.


For the six months ended June 30, 2026
(In thousands)	BPPR	Popular U.S.	Intersegment Eliminations
Interest income	$1,528,260	$399,606	$-
Interest expense	370,391	174,823	-
Net interest income	1,157,869	224,783	-
Provision for credit losses	136,689	5,135	-
Non-interest income	300,477	15,248	(43)
Personnel costs	318,171	52,608	(43)
Professional fees	26,041	4,400	-
Technology and software expenses	133,070	20,542	-
Processing and transactional services	75,152	1,140	-
Amortization of intangibles	479	289	-
Depreciation expense	22,852	4,335	-
Other operating expenses [1]	244,359	48,986	-
Total operating expenses	820,124	132,300	(43)
Income before income tax	501,533	102,596	-
Income tax expense	64,259	29,045	-
Net income	$437,274	$73,551	$-
Segment assets	$63,517,017	$15,032,815	$(38,964)


For the six months ended June 30, 2026
(In thousands)	Reportable Segments	Corporate	Eliminations	Total Popular, Inc.
Interest income	$1,927,866	$2,470	$(1,481)	$1,928,855
Interest expense	545,214	21,523	(1,481)	565,256
Net interest income (expense)	1,382,652	(19,053)	-	1,363,599
Provision for credit losses (benefit)	141,824	(65)	-	141,759
Non-interest income	315,682	32,198	(1,709)	346,171
Personnel costs	370,736	74,422	(58)	445,100
Professional fees	30,441	20,324	(728)	50,037
Technology and software expenses	153,612	26,498	-	180,110
Processing and transactional services	76,292	61	-	76,353
Amortization of intangibles	768	-	-	768
Depreciation expense	27,187	759	-	27,946
Operating expenses [1]	293,345	(121,464)	(755)	171,126
Total operating expenses	952,381	600	(1,541)	951,440
Income before income tax	604,129	12,610	(168)	616,571
Income tax expense	93,304	(621)	-	92,683
Net income (loss)	$510,825	$13,231	$(168)	$523,888
Segment assets	$78,510,868	$5,690,030	$(5,228,598)	$78,972,300
[1] Other operating expenses includes net occupancy expenses, equipment expense, excluding depreciation, other operating taxes, communications expense, business promotion expenses, deposit insurance costs and OREO expenses.


2025
For the quarter ended June 30, 2025
(In thousands)	BPPR	Popular U.S.	Intersegment Eliminations
Interest income	$748,712	$195,668	$(1,041)
Interest expense	210,237	93,474	(1,041)
Net interest income	538,475	102,194	-
Provision for credit losses (benefit)	42,452	6,532	-
Non-interest income	145,685	7,421	-
Personnel costs	164,794	27,387	-
Professional fees	13,025	2,450	-
Technology and software expenses	64,226	10,345	-
Processing and transactional services	37,276	582	-
Amortization of intangibles	240	145	-
Depreciation expense	10,344	2,266	-
Other operating expenses[1]	132,004	28,021	-
Total operating expenses	421,909	71,196	-
Income before income tax	219,799	31,887	-
Income tax expense	35,256	9,280	-
Net income	$184,543	$22,607	$-
Segment assets	$60,926,458	$14,865,364	$(120,633)


For the quarter ended June 30, 2025
(In thousands)	Reportable Segments	Corporate	Eliminations	Total Popular, Inc.
Interest income	943,339	1,578	(1,045)	943,872
Interest expense	302,670	10,698	(1,045)	312,323
Net interest income (expense)	$640,669	$(9,120)	$-	$631,549
Provision for credit losses (benefit)	48,984	(43)	-	48,941
Non-interest income	153,106	16,107	(736)	168,477
Personnel costs	192,181	37,174	-	229,355
Professional fees	15,475	12,887	(254)	28,108
Technology and software expenses	74,571	10,125	-	84,696
Processing and transactional services	37,858	3	-	37,861
Amortization of intangibles	385	-	-	385
Depreciation expense	12,610	429	-	13,039
Other operating expenses[1]	160,025	(60,181)	(527)	99,317
Total operating expenses	493,105	437	(781)	492,761
Income before income tax	251,686	6,593	45	258,324
Income tax expense (benefit)	44,536	3,277	71	47,884
Net income	$207,150	$3,316	$(26)	$210,440
Segment assets	$75,671,189	$5,786,893	$(5,392,992)	$76,065,090

[1]Other operating expenses includes net occupancy expenses, equipment expense, excluding depreciation, other operating taxes, communications

expense, business promotion expenses, deposit insurance costs and OREO expenses.


For the six months ended June 30, 2025
(In thousands)	BPPR	Popular U.S.	Intersegment Eliminations
Interest income	$1,480,600	$382,060	$(2,722)
Interest expense	420,233	186,924	(2,722)
Net interest income	1,060,367	195,136	-
Provision for credit losses	95,964	17,142	-
Non-interest income	283,190	13,564	-
Personnel costs	316,078	52,829	-
Professional fees	26,084	5,189	-
Technology and software expenses	128,377	20,433	-
Processing and transactional services	74,455	1,179	-
Amortization of intangibles	582	400	-
Depreciation expense	20,038	4,463	-
Other operating expenses [1]	260,758	53,640	-
Total operating expenses	826,372	138,133	-
Income before income tax	421,221	53,425	-
Income tax expense	70,699	16,002	-
Net income	$350,522	$37,423	$-
Segment assets	$60,926,458	$14,865,364	$(120,633)


For the six months ended June 30, 2025
(In thousands)	Reportable Segments	Corporate	Eliminations	Total Popular, Inc.
Interest income	$1,859,938	$3,114	$(2,182)	$1,860,870
Interest expense	604,435	21,471	(2,182)	623,724
Net interest income (expense)	1,255,503	(18,357)	-	1,237,146
Provision for credit losses (benefit)	113,106	(84)	-	113,022
Non-interest income	296,754	25,136	(1,352)	320,538
Personnel costs	368,907	73,161	-	442,068
Professional fees	31,273	24,244	(584)	54,933
Technology and software expenses	148,810	19,554	-	168,364
Processing and transactional services	75,634	8	-	75,642
Amortization of intangibles	982	-	-	982
Depreciation expense	24,501	818	-	25,319
Other operating expenses [1]	314,398	(116,583)	(1,350)	196,465
Total operating expenses	964,505	1,202	(1,934)	963,773
Income before income tax	474,646	5,661	582	480,889
Income tax expense (benefit)	86,701	5,952	294	92,947
Net income	$387,945	$(291)	$288	$387,942
Segment assets	$75,671,189	$5,786,893	$(5,392,992)	$76,065,090

[1]Other operating expenses includes net occupancy expenses, equipment expense, excluding depreciation, other operating taxes, communications

expense, business promotion expenses, deposit insurance costs and OREO expenses.

Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area

Geographic Information


	Quarter ended		Six months ended
(In thousands)	June 30, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Revenues: [1]
Puerto Rico	$701,488	$636,232	$1,369,559	$1,246,193
United States	139,422	139,274	279,085	266,490
Other	33,054	24,520	61,126	45,001
Total consolidated revenues	$873,964	$800,026	$1,709,770	$1,557,684

[1]Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net gain (loss),including

impairment, on equity securities, net gain on trading account debt securities, adjustments to indemnity reserves on loans sold, and other operating income.

Selected Balance Sheet Information:


(In thousands)	June 30, 2026	December 31, 2025
Puerto Rico
Total assets	$61,313,912	$57,955,465
Loans	26,370,150	25,853,231
Deposits	56,416,936	52,451,498
United States
Total assets	$16,255,576	$16,101,705
Loans	12,949,579	12,966,468
Deposits	11,891,146	11,987,581
Other
Total assets	$1,402,812	$1,291,097
Loans	518,712	517,817
Deposits [1]	1,925,033	1,751,014

[1]Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details