POPULAR, INC.

Forward-Looking Statements

This Form 10-Q contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995,

including, without limitation, statements about Popular, Inc.’s (the “Corporation,” “Popular,” “we,” “us,” “our”) business, financial condition,

results of operations, plans, objectives 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), capital markets conditions, capital adequacy and liquidity, and the effect of legal and regulatory

proceedings and new accounting standards on the Corporation’s financial condition and results of operations. 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.

Various factors, some of which are beyond Popular’s control, could cause actual results to differ materially from those expressed in, or

implied by, such forward-looking statements. Factors that might cause such a difference include, but are not limited to:

•the rate of growth or decline in the economy and employment levels, as well as general business and economic conditions in the

geographic areas we serve and, in particular, in the Commonwealth of Puerto Rico (the “Commonwealth” or “Puerto Rico”), where

a significant portion of our business is concentrated;

•adverse economic conditions, including high levels of inflation, and geopolitical conditions, including wars and conflicts, that

adversely affect housing prices, the job market, consumer confidence and spending habits which may affect, in turn, among other

things, our level of non-performing assets, charge-offs and provision expense;

•changes in interest rates and market liquidity, which may reduce interest margins, impact funding sources, reduce loan

originations, affect our ability to originate and distribute financial products in the primary and secondary markets and impact the

value of our investment portfolio and our ability to return capital to our shareholders;

•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;

•the impact of the current fiscal and economic challenges of Puerto Rico and the measures taken and to be taken by the Puerto

Rico Government and the Federally-appointed oversight board on the economy, our customers and our business;

•the amount of Puerto Rico public sector deposits held at the Corporation, whose future balances are uncertain and difficult to

predict and may be impacted by factors such as the amount of Federal funds received by the P.R. Government and the rate of

expenditure of such funds, as well as the financial condition, liquidity and cash management practices of the Puerto Rico

Government and its instrumentalities;

•unforeseen or catastrophic events, including extreme weather events such as hurricanes and other natural disasters, man-made

disasters, acts of violence, war or conflicts, or pandemics, epidemics and other health-related crises, or the fear of any such event

occurring, any of which could cause adverse consequences for our business, including, but not limited to, disruptions in our

operations;

•our ability to achieve the expected benefits from our transformation initiatives, including our ability to achieve projected earnings,

efficiencies and return on tangible common equity and accurately anticipate costs and expenses associated therewith;

•our ability to execute capital actions, including with respect to share repurchases and dividends;

•the fiscal and monetary policies of the federal government and its agencies;

•changes in federal bank regulatory and supervisory policies, including required levels of capital, liquidity, resolution-related

requirements and the impact of other proposed capital standards on our capital ratios;

•the impact of any future U.S. government shutdown;

•changes in and uncertainty regarding federal funding, tax and trade policies, and federal rulemaking, supervision, examination

and enforcement priorities;

•adjustments to or additional Federal Deposit Insurance Corporation (“FDIC”) assessments;

•regulatory approvals that may be necessary to undertake certain actions or consummate strategic transactions, such as

acquisitions and dispositions, or for the Corporation’s subsidiaries to declare dividends, and the timing of such approvals;

•the relative strength or weakness of the consumer and commercial credit sectors and of the real estate markets in Puerto Rico

and the other markets in which our borrowers are located;

•a deterioration in the credit quality of our clients, customers and counterparties;

•the performance of the stock and bond markets;

•competition in the financial services industry;

•possible legislative, tax or regulatory changes;

•a failure in or breach of our operational or security systems or infrastructure or those of Evertec, Inc., our provider of core financial

transaction processing and information technology services, or of third parties providing services to us, including as a result of

cyberattacks, e-fraud, denial-of-services and computer intrusion, that might result in, among other things, loss or breach of

customer data, disruption of services, reputational damage or additional costs to Popular;

•changes in market rates and prices which may adversely impact the value of financial assets and liabilities;

•potential judgments, claims, damages, penalties, fines, enforcement actions and reputational damage resulting from pending or

future litigation and regulatory or government investigations or actions;

•changes in accounting standards, rules and interpretations;

•our ability to grow our core businesses;

•decisions to downsize, sell or close branches or business units or otherwise change our business mix; and

•management’s ability to identify and manage these and other risks.

Moreover, the outcome of any legal and regulatory proceedings, as discussed in “Part II, Item 1. Legal Proceedings,” is inherently uncertain

and depends on judicial interpretations of law and the findings of regulators, judges and/or juries. Investors should refer to the Corporation’s

Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”), as well as “Part II, Item 1A” of our Quarterly

Report on this Form 10-Q for a discussion of such factors and certain risks and uncertainties to which the Corporation is subject.

All forward-looking statements included in this Form 10-Q are based upon information available to Popular as of the date of this Form 10-Q

and other than as required by law, including the requirements of applicable securities laws, we assume no obligation to update or revise any

such forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements.