POPULAR, INC.
For the period ended May 8, 2026. Filed Mar 24, 2026.
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May 8, 2026 · Filed Mar 24, 2026
BPOP$156.52+0.3%Stored close · as of Nov 6, 2026
Contents
Appendix A
Popular, Inc., Reconciliation of Non-GAAP Measures
Adjusted Net Income for the Year Ended December 31, 2025 (Non-GAAP)
| (Unaudited) | |||
|---|---|---|---|
| (In thousands) | Pre-tax | Income taxeffect | Impact on netincome |
| U.S. GAAP net income | $1,006,793 | $173,634 | $833,159 |
| Non-GAAP Adjustments: | |||
| FDIC Special Assessment[1] | (15,323) | 5,622 | (9,701) |
| Adjusted net income for incentive purposes | $991,470 | $168,012 | $823,458 |
| [1] | Partial reversal of the FDIC special assessment reserve imposed in connection with the receivership of several failed banks. |
|---|
Adjusted Net Income for the Year Ended December 31, 2024 (Non-GAAP)
| (Unaudited) | |||
|---|---|---|---|
| (In thousands) | Pre-tax | Income taxeffect | Impact on netincome |
| U.S. GAAP net income | $796,618 | $182,406 | $614,212 |
| Non-GAAP Adjustments: | |||
| FDIC Special Assessment[1] | 14,287 | (5,234) | 9,053 |
| Adjustments related to intercompany distributions[2] | 6,400 | 16,483 | 22,883 |
| Adjusted net income for incentive purposes | $817,305 | $171,157 | $646,148 |
| [1] | Expense recorded in the first quarter of 2024 related to the Special Assessment imposed by the Federal Deposit Insurance Corporation (“FDIC”) to recover the loses in connection with the receivership of several failed banks. |
|---|
| [2] | Expense recorded in the first quarter of 2024 related to tax withholdings on prior period distributions from U.S. subsidiaries. |
|---|
Adjusted Net Income for the Year Ended December 31, 2023 (Non-GAAP)
| (Unaudited) | |||
|---|---|---|---|
| (In thousands) | Pre-tax | Income taxeffect | Impact on netincome |
| U.S. GAAP net income | $675,539 | $134,197 | $541,342 |
| Non-GAAP Adjustments: | |||
| FDIC Special Assessment[1] | 71,435 | (26,170) | 45,265 |
| Adjusted net income for incentive purposes | $746,974 | $160,367 | $586,607 |
| [1] | The FDIC imposed a special assessment to insured depository institutions to recover the losses to the deposit insurance fund in connection with the receivership of several failed banks. This special assessment was imposed to Banco Popular de Puerto Rico and Popular Bank. |
|---|
102 | 2026 POPULAR, INC. PROXY STATEMENT
EXHIBITS
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