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Banco Popular de Puerto Rico

San Juan, PR · Cert 34968 · Popular Inc.

State charter, Fed member · FED · 1 affiliate bank · 163 branches (199 in holding)

Q2 2026

$63.3BAssets
$27.9BLoans
$58.2BDeposits
$4.0BEquity
Loan mix
54%RE $12.8B17%C&I $4.2B29%Consumer $7.0BQ3 2024Q2 2026
Deposit mix
76%Interest-bearing $44.5B24%Noninterest $13.7BQ3 2024Q2 2026

Market Position · San Juan-Bayamon-Caguas, PR · 2026 SOD (annual) · 66.3% share · #1 of 6 inst. · $49.5B of $74.7B

68.5% San Juan
51.4% Bayamon
59.9% Carolina
48.3% Guaynabo

Executive Summary

  • Earnings: ROA of 1.38%, up 23 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 2.40% of loans (+66 bps YoY), with net charge-offs at 1.15%.
  • Capital: tier 1 leverage ratio of 7.53%, up 5 bps from a year ago.
  • Funding: loans stand at 47.97% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.38%+23 bps YoY

Net Interest Margin (YTD, annualized)

3.65%+14 bps YoY

Efficiency Ratio (YTD, annualized)

56.26%-475 bps YoY

Tier 1 Leverage Ratio

7.53%+5 bps YoY

NIM

4.90%Q2 ’244.90%Q2 ’254.83%Q2 ’26+8%+4%

Non-interest income vs. expense

2.67%Q2 ’242.65%Q2 ’252.53%Q2 ’26+4%-8%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.90%0.92%1.11%1.15%1.17%1.17%1.32%1.38%+23 bps
Return on Equity16.76%17.11%20.09%20.32%20.09%19.88%20.87%21.78%+147 bps
Net Interest Margin3.30%3.35%3.48%3.51%3.52%3.61%3.70%3.65%+14 bps
Efficiency Ratio63.81%63.24%60.75%61.01%60.42%59.89%56.47%56.26%-475 bps
Non-Interest Burden1.78%1.79%1.80%1.82%1.80%1.82%1.72%1.68%-14 bps
Growth
Asset Growth (YoY)-0.21%2.78%3.55%4.23%4.99%2.24%2.51%4.22%-1 bps
Loan Growth (YoY)8.41%6.94%6.17%6.71%5.69%5.77%6.04%4.78%-193 bps
Deposit Growth (YoY)-2.13%1.69%2.35%2.46%4.16%1.28%2.25%4.88%+242 bps
Asset Quality
Nonperforming Loans / Loans2.04%2.06%1.85%1.74%2.43%2.50%2.35%2.40%+66 bps
Net Charge-Offs / Loans0.84%0.86%0.72%0.65%0.71%0.70%0.86%1.15%+50 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio7.53%7.55%7.26%7.48%7.47%7.52%7.39%7.53%+5 bps
Total Risk-Based Capital17.21%17.05%16.97%17.24%17.16%16.85%17.01%17.66%+42 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits48.84%48.50%47.84%48.01%49.56%50.65%49.62%47.97%-4 bps
Liquid Assets / Assets14.09%13.50%13.16%12.63%12.66%12.45%11.67%9.98%-266 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a