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EX-99.1
2
bpop-exx991.htm
EX-99.1

BPOP-EX-99.14

Exhibit 99.1 

SAN JUAN, Puerto Rico – (BUSINESS WIRE) – Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ: 
BPOP)
Popular, Inc. Announces Second Quarter 2026 Financial Results

FINANCIAL HIGHLIGHTS

($ in millions, except per share information)

Quarters ended

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

EARNINGS

Net Income

$278

$246

$32

$210

$68

PER SHARE DATA

Basic EPS

$4.35

$3.78

$0.57

$3.09

$1.26

Diluted EPS

$4.35

$3.78

$0.57

$3.09

$1.26

Tangible Book Value / Share (non-GAAP)

$87.94

$84.98

$2.96

$75.41

$12.53

FINANCIAL CONDITION

Total Assets

$78,972

$76,131

$2,841

$76,065

$2,907

Loans Held in Portfolio

$39,750

$39,290

$460

$38,185

$1,565

Deposits

$70,233

$67,611

$2,622

$67,217

$3,016

Borrowings

$1,463

$1,120

$343

$1,414

$48

CREDIT QUALITY

Non-Performing Loans

$413

$458

$(45)

$312

$102

NPL Ratio

1.04%

1.17%

-13 bps

0.82%

22 bps

NCO Ratio

1.05%

0.61%

44 bps

0.45%

60 bps

ACL / Total Loans

1.97%

2.10%

-13 bps

2.02%

-5 bps

ACL / NPLs

190%

180%

10%

247%

(57)%

CAPITAL & LIQUIDITY

Common Equity Tier 1

16.08%

15.92%

16 bps

15.91%

17 bps

Tier 1 Risk-Based Capital

16.13%

15.98%

15 bps

15.96%

17 bps

Total Risk-Based Capital

17.85%

17.71%

14 bps

17.70%

15 bps

Tier 1 Leverage

8.57%

8.60%

-3 bps

8.51%

6 bps

Capital Returned to Shareholders

$174

$204

$(30)

$160

$14

FINANCIAL RATIOS

Net Interest Margin

3.66%

3.66%

0 bps

3.49%

17 bps

NIM (FTE)

4.17%

4.14%

3 bps

3.85%

32 bps

Total Deposit Costs

1.57%

1.56%

1 bps

1.78%

-21 bps

ROTCE (non-GAAP)

17.02%

15.46%

156 bps

13.26%

376 bps

ROA

1.41%

1.29%

12 bps

1.11%

30 bps

The financial information in this earnings release includes non-GAAP financial measures. These measures are intended to supplement, and 
should not be considered a substitute for, GAAP results. See the "Non-GAAP Financial Measures" section for additional information; and 
Table R - Reconciliation to GAAP Financial Measures. All financial information in this release, including the accompanying tables, is 
unaudited. 

5

CEO COMMENTARY

Javier D. Ferrer, President and Chief Executive Officer, said:
"We are pleased to report another solid quarter. Net income reached $278 million, 13% higher than the first quarter of this 
year and 32% higher than the same quarter a year ago. Our results reflect higher net interest income, solid fee generation, 
continued balance sheet growth, and strong capital generation. Our ROTCE improved to 17% from 15.5% in the previous 
quarter, as we remain focused on delivering sustainable, through-the-cycle shareholder returns."
"We continued to return capital to shareholders during the quarter, repurchasing $125 million of common stock, exhausting 
our previous $500 million authorization, and paying our quarterly dividend of $0.75 per share. We also announced additional 
capital actions, including a 20% increase in our quarterly dividend to $0.90 per share, subject to Board approval, and a new 
$1.0 billion share repurchase authorization."
"At the same time, we continued to advance our strategic priorities – to be the number one bank for our customers, to be 
simple and efficient, and to be a top-performing bank. It is most rewarding to see how the organization has embraced our 
objectives. A growing number of initiatives are gaining traction simultaneously, and the pace of execution is accelerating."
"With the satisfaction of seeing Popular solid, united, and moving forward with a clear purpose and strategy, I'm announcing 
my retirement, effective August 31, 2026. As I begin this next chapter, I look forward to focusing on my health and spending 
meaningful time with my family and close friends."
"It has been an honor to serve Popular and work alongside a team so deeply committed to our clients, communities and 
shareholders. I am especially grateful to our employees for their support, trust and dedication throughout my years at 
Popular. I am proud of what we have accomplished together and the momentum it creates for Popular’s future. I also want to 
thank Jorge for his partnership over the years. I know his leadership will guide Popular forward with strength, purpose and 
care."

EARNINGS HIGHLIGHTS

Quarters ended

(Dollars in thousands)

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Net interest income

$693,419

$670,180

$23,239

$631,549

$61,870

Provision for credit losses

65,873

75,886

(10,013)

48,941

16,932

Net interest income after provision for credit losses

627,546

594,294

33,252

582,608

44,938

Non-Interest Income

180,545

165,626

14,919

168,477

12,068

Operating expenses

484,130

467,310

16,820

492,761

(8,631)

Income before income tax

323,961

292,610

31,351

258,324

65,637

Income tax expense

45,747

46,936

(1,189)

47,884

(2,137)

Net income

$278,214

$245,674

$32,540

$210,440

$67,774

Net income per common share-basic

$4.35

$3.78

$0.57

$3.09

$1.26

Net income per common share-diluted

$4.35

$3.78

$0.57

$3.09

$1.26

Significant Events
Leadership Transition
Popular announced today that Javier D. Ferrer will retire as President and Chief Executive Officer of the Corporation 
effective August 31, 2026. Jorge J. García, Executive Vice President and Chief Financial Officer of the Corporation, will 
succeed Mr. Ferrer as President and Chief Executive Officer effective September 1, 2026. In connection with this 
appointment, Lidio V. Soriano, Executive Vice President and Chief Risk Officer, has been named Executive Vice President 
and Chief Financial Officer and Luis Sousa, Senior Vice President and head of the Credit Risk Management Division, has 
been named Executive Vice President and Chief Risk Officer, effective September 1, 2026.

6

Capital Actions
On July 23, 2026, the Corporation announced the following capital actions:
•an increase in the Corporation’s quarterly common stock dividend from $0.75 to $0.90 per share, commencing with 
the dividend payable in the fourth quarter of 2026, subject to the approval of the Corporation’s Board of Directors; 
and
•a new common stock repurchase authorization of up to $1 billion.
The Corporation’s planned common stock repurchases may be executed in open market transactions, privately negotiated 
transactions, block trades or any other manner determined by the Corporation. The Corporation has repurchased 
approximately $280 million in common stock to date in 2026 and, as of June 30, 2026, had fully utilized the $500 million 
common stock repurchase authorization approved in 2025. The timing, quantity and price of the Corporation's common 
stock repurchases will be subject to various factors, including market conditions, the Corporation’s capital position, liquidity 
and financial performance, the capital impact of strategic initiatives and tax and regulatory considerations, including 
regulatory approvals for subsidiary dividends. The common stock repurchase authorization does not require the Corporation 
to acquire a specific dollar amount or number of shares and may be modified, suspended or terminated at any time without 
prior notice.

NET INTEREST INCOME (“NII”) AND NET INTEREST MARGIN (“NIM”)

(Dollars in thousands)

Quarters ended

Popular, Inc.

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Net interest income

$693,419

$670,180

$23,239

$631,549

$61,870

Net interest margin

3.66%

3.66%

—

3.49%

17 bps

Net interest margin FTE [1]

4.17%

4.14%

3 bps

3.85%

32 bps

Total deposit costs

1.57%

1.56%

1 bps

1.78%

-21 bps

Core deposit costs (ex. P.R. public deposits)

1.10%

1.09%

1 bps

1.15%

-5 bps

Loan yield FTE [1]

7.53%

7.53%

—

7.50%

3 bps

Money market and investment securities yield FTE [1]

3.69%

3.54%

15 bps

3.50%

19 bps

Banco Popular de Puerto Rico ("BPPR") Segment

Net interest income

$589,922

$567,947

$21,975

$538,475

$51,447

Net interest margin

3.85%

3.85%

—

3.68%

17 bps

Total deposit costs

1.32%

1.31%

1 bps

1.52%

-20 bps

Popular Bank ("PB" or "Popular US") Segment

Net interest income

$113,076

$111,707

$1,369

$102,195

$10,881

Net interest margin

3.17%

3.15%

2 bps

2.93%

24 bps

Total deposit costs

2.73%

2.69%

4 bps

2.95%

-22 bps

[1] Refer to non-GAAP measures section in this earnings release.

Popular, Inc. – Net interest income of $693 million increased $23 million, or 3.5%, from Q1 2026. The increase was 
primarily driven by higher income from investment securities, and by higher income on loans driven by commercial loan 
growth, as well as one additional day in the quarter. These were partially offset by higher interest expense on deposits, 
mainly due to higher average balances of P.R. public deposits, as well as commercial deposits at both banks. Average 
earning assets increased by $1.8 billion, driven by U.S. Treasury securities, which increased QoQ by $1.4 billion. Average 
interest-bearing deposits increased by $1.8 billion driven by P.R. public deposits which increased $1.1 billion when 
compared to Q1 2026 while non-interest bearing demand deposits increased by $167 million.
Net interest margin was unchanged at 3.66%. Deposit costs increased by one basis point to 1.57%. The additional day in 
the quarter represented $5 million in incremental income in Q2 2026.
NII fully taxable equivalent ("FTE") and NIM FTE (Non-GAAP)- NII FTE of $789 million increased $31 million, or 4.1%, 
from Q1 2026. NIM on a taxable equivalent basis expanded three basis points to 4.17%. Money market and investment 
securities yields FTE increased by 15 basis points, mainly driven by purchases and re-investment of maturities into higher 
yielding U.S. Treasury securities.
Interest income on a taxable equivalent basis includes interest income on U.S. Treasury securities, certain GNMA securities 
and certain loans in BPPR's portfolios, that are tax exempt in Puerto Rico.
Refer to tables D, E and F for more details on the components of NII and NIM on a taxable equivalent basis.

7

 
BPPR Segment – NII of $590 million increased $22 million, or 3.9%, from Q1 2026. Higher NII was driven by a $22 million 
or 10 basis points increase in money market and investment securities income, resulting from higher average balances and 
investment securities yields and a $9 million increase in loan income, mainly driven by higher average balances in the 
commercial, construction and mortgage portfolios. Higher interest expense on deposits of $9 million, mainly due to a $1.1 
billion increase in average Puerto Rico public deposit balances and higher commercial deposits. NIM was stable at 3.85%. 
Deposit costs increased by one basis point to 1.32%, including the costs of public deposits of 2.61% or five basis points 
lower than last quarter.
Popular Bank Segment – NII of $113 million increased $1 million, or 1.2%, from Q1 2026.  The increase was primarily 
driven by higher commercial loan income by $4 million and higher yields by seven basis points, attributable to the re-pricing 
of commercial loans and new originations carrying higher yields, as well as the impact of one additional day in the quarter, 
partially offset by higher interest expense on deposits by $2 million or six basis points attributable to higher costs of 
commercial deposits. NIM expanded by two basis points to 3.17%. Deposit costs increased by 4 basis points to 2.73%.

NON-INTEREST INCOME

Quarters ended

(Dollars in thousands)

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Service charges on deposits

$39,037

$38,766

$271

$38,826

$211

Debit card fees

31,538

30,009

1,529

27,918

3,620

Credit card fees

34,783

32,000

2,783

32,502

2,281

Other fees

12,136

10,861

1,275

11,723

413

Banking fees

$117,494

$111,636

$5,858

$110,969

$6,525

Insurance fees

12,586

12,525

61

12,695

(109)

Brokerage and asset management fees

9,998

10,187

(189)

9,058

940

Trust fees

7,751

7,339

412

6,626

1,125

Asset management and insurance fees

$30,335

$30,051

$284

$28,379

$1,956

Mortgage banking activities

6,267

4,213

2,054

4,872

1,395

Other operating income

26,449

19,726

6,723

24,257

2,192

Non-interest income

$180,545

$165,626

$14,919

$168,477

$12,068

Non-interest income of $181 million increased $15 million or 8% from Q1 2026. 
Key drivers: Banking fees increased $6 million to $117 million, driven by credit and debit card fees, which increased by $3 
million and $2 million, respectively, supported by strong transaction activity and higher purchase volumes, including from 
commercial credit cards. Other operating income increased by $7 million to $26 million, mainly driven by higher income from 
investments accounted for under the equity method by $4 million, that benefited from an unrealized gain of $3 million in the 
valuation of an investment.
 
Refer to Table B for further details. 

OPERATING EXPENSES

Quarters ended

(Dollars in thousands)

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Salaries

$134,448

$134,813

$(365)

$132,752

$1,696

Commissions and incentives

39,911

34,903

5,008

40,551

(640)

Profit sharing

10,000

(1,203)

11,203

13,000

(3,000)

Pension, postretirement and other

44,672

47,556

(2,884)

43,052

1,620

Total personnel costs

$229,031

$216,069

$12,962

$229,355

$(324)

Technology and software 

90,971

89,139

1,832

84,696

6,275

Professional fees

24,484

25,553

(1,069)

28,108

(3,624)

Business promotion

27,900

22,860

5,040

26,385

1,515

Transactional services

37,266

39,087

(1,821)

37,861

(595)

Net occupancy

27,764

27,299

465

29,140

(1,376)

Other operating expenses

46,714

47,303

(589)

57,216

(10,502)

Operating Expenses

$484,130

$467,310

$16,820

$492,761

$(8,631)

Total operating expenses of $484 million increased $17 million, or 3%, from Q1 2026. 

8

Key drivers: Total personnel costs increased by $13 million, or 6%, primarily reflecting higher performance-based 
compensation, including approximately $10 million related to the employee profit-sharing plan and additional accruals for 
short-term incentive compensation by $5 million, both of which are tied to the Corporation’s financial performance. Full-time 
equivalent employees were 9,203 as of June 30, 2026, compared to 9,191 as of March 31, 2026. 
Business promotion expenses increased $5 million driven by an increase in transaction activity in Q2 2026, tied to our credit 
card business rewards program and a benefit in Q1 2026 from the expiration of unclaimed customer rewards points.
For a breakdown of operating expenses by category in the consolidated statement of operations refer to Table B.

INCOME TAXES

For the second quarter of 2026, the Corporation recorded an income tax expense of $46 million, compared to $47 million for 
the previous quarter. 
The Corporation's effective tax rate ("ETR") is impacted by the composition and source of its taxable income and tax credit 
activities. The ETR for the second quarter of 2026 was 14.1%, compared to 16.0% for the previous quarter, mainly driven by 
higher exempt income and the impact of other tax benefits, including the purchase of tax credits and income with preferential 
tax rates.

CREDIT QUALITY

Credit Quality Metrics

(Dollars in thousands)

Quarters ended

Popular, Inc.

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Provision for credit losses - loan portfolios

$65,154

$75,689

$(10,535)

$49,539

$15,615

Net charge-offs

104,053

60,023

44,030

42,202

61,851

ACL - loans held-in-portfolio

784,832

823,729

(38,897)

769,485

15,347

NCO Ratio

1.05%

0.61%

44 bps

0.45%

60 bps

NPL Ratio

1.04%

1.17%

-13 bps

0.82%

22 bps

Allowance / loans held-in-portfolio

1.97%

2.10%

-13 bps

2.02%

-5 bps

Non-performing assets

546,694

503,797

42,897

357,751

188,943

Non-performing loans held-in-portfolio

413,437

458,117

(44,680)

311,625

101,812

Non-performing loans held-for-sale

83,700

—

83,700

—

83,700

Other real estate owned (“OREO”)

49,557

45,680

3,877

46,126

3,431

Allowance / non-performing loans held-in-portfolio

190%

180%

10%

247%

(57)%

(Dollars in thousands)

Quarters ended

BPPR

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Provision for credit losses - loan portfolios

$61,738

$73,298

$(11,560)

$43,150

$18,588

Net charge-offs

101,688

58,990

42,698

40,164

61,524

Total non-performing loans held-in-portfolio

367,824

420,273

(52,449)

257,648

110,176

ACL - loans held-in-portfolio

692,287

732,235

(39,948)

679,249

13,038

NCO Ratio

1.46%

0.85%

61 bps

0.61%

85 bps

Allowance / loans held-in-portfolio

2.47%

2.65%

-18 bps

2.53%

-6 bps

Allowance / non-performing loans held-in-portfolio

188%

174%

14%

264%

(75)%

(Dollars in thousands)

Quarters ended

Popular U.S.

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-Jun-25

Provision for credit losses (benefit) - loan portfolios

$3,416

$2,391

$1,025

$6,389

$(2,973)

Net charge-offs

2,365

1,033

1,332

2,038

327

Total non-performing loans held-in-portfolio

45,613

37,844

7,769

53,977

(8,364)

ACL - loans held-in-portfolio

92,545

91,494

1,051

90,236

2,309

NCO Ratio

0.08%

0.04%

4 bps

0.07%

1 bps

Allowance / loans held-in-portfolio

0.79%

0.79%

0 bps

0.79%

0 bps

Allowance / non-performing loans held-in-portfolio

203%

242%

(39)%

167%

36%

During the second quarter of 2026, the Corporation’s overall credit quality metrics remained stable. The quarter included the 
resolution of a significant commercial non-performing relationship, which resulted in a $71 million charge-off and the transfer 

9

of the remaining $84 million carrying amount to loans held-for-sale. Consumer credit performance continued to improve, 
supported by lower losses in the auto portfolio. Commercial NPL inflows increased during the quarter, driven by borrower-
specific issues that management does not view as indicative of broader credit deterioration.
Non-Performing Loans Held-in-Portfolio ("NPLs") and Net Charge Offs ("NCOs")
Total NPLs decreased $45 million to $413 million during Q2 2026. Excluding consumer loans, inflows of NPLs held-in-
portfolio increased $137 million in the second quarter of 2026. The ratio of NPLs to total loans held in the portfolio was 
1.04% for the second quarter of 2026, compared to 1.17% for the previous quarter. NCO Ratio of 1.05% increased 44 basis 
points when compared to the previous quarter. Excluding the $71 million charge-off, the NCO Ratio was 0.33% for the 
quarter.
BPPR segment- NPLs decreased $52 million, primarily driven by a $47 million reduction in commercial NPLs. The decline 
reflects the resolution of a $155 million relationship, where our intent to sell resulted in a $71 million charge-off and the 
transfer of the remaining $84 million to loans held for sale (“LHFS”). The loan was subsequently sold on July 2, 2026. The 
decrease resulting from the reclassification of the loan previously mentioned was partially offset by the inflows to commercial 
NPLs of two unrelated commercial and industrial relationships of $129 million in the aggregate. These inflows to commercial 
NPLs stemmed from issues specific to the individual borrowers and are not indicative of a broader decline in portfolio credit 
quality or the industries in which the borrowers operate. Excluding consumer loans, BPPR segment NPL inflows increased 
$123 million compared to the prior quarter.  
NCOs increased $43 million, primarily reflecting the previously mentioned commercial credit resolution, partially offset by a 
$10 million improvement in consumer NCOs, mostly due to lower losses in the auto portfolio. NCO Ratio of 1.46%, 
increased 61 basis points driven by the $71 million charge off during the quarter.
PB segment- NPLs increased $8 million, primarily driven by commercial NPLs. Excluding consumer loans, inflows to NPLs 
increased $14 million compared to the previous quarter. NCO Ratio of 0.08%, increased 4 basis points during the quarter.
Refer to table L for a breakdown of Non-Performing Assets. 
Allowance for loan losses ("ACL")
The ACL as of June 30, 2026 amounted to $785 million, a decrease of $39 million when compared to the first quarter of 
2026. The decline primarily reflects the resolution of the commercial non-performing credit moved to LHFS, improving 
consumer credit performance, and favorable portfolio and macroeconomic developments.
BPPR segment- The ACL decreased by $40 million compared to the previous quarter, mostly driven by a $22 million 
decrease in reserves for commercial loans. This decrease was primarily due to the transfer to LHFS of the $155 million NPL 
and related charge-off, as well as favorable changes in the credit quality of the portfolio and the macroeconomic scenario, 
partially offset by higher reserves associated with NPL inflows during the quarter and loan growth. Additionally, the ACL for 
consumer loans decreased by $12 million, primarily in the auto and credit card portfolios, reflecting improvements in credit 
quality.
PB segment- The ACL remained stable quarter-over-quarter at $93 million.
Provision for credit losses
Provision for loan losses of $65 million for the second quarter of 2026. The decrease of $10 million compared to the prior 
quarter was primarily driven by a lower provision expense in the BPPR segment by $12 million, reflecting improved credit 
quality in the consumer portfolio, higher recovery activity, and a more favorable macroeconomic outlook supporting the 
mortgage portfolio. These favorable trends were partially offset by higher reserve requirements associated with commercial 
NPL inflows during the quarter. 
Including the provision for unfunded loan commitments and the provision related to the Corporation’s investment portfolio, 
the provision for credit losses for the second quarter was $66 million. 

10

BALANCE SHEET

Quarters ended

(In thousands)

30-Jun-26

31-Mar-26

Δ vs 31-Mar-26

30-Jun-25

Δ vs 30-June-25

Cash and money market investments

$4,920,502

$5,040,621

$(120,119)

$6,741,417

$(1,820,915)

Investment securities

31,264,698

28,943,544

2,321,154

28,283,970

2,980,728

Loans

39,749,862

39,289,702

460,160

38,185,178

1,564,684

Total assets

78,972,300

76,131,018

2,841,282

76,065,090

2,907,210

Deposits

70,233,115

67,611,316

2,621,799

67,217,491

3,015,624

Borrowings

1,462,831

1,119,557

343,274

1,414,494

48,337

Total liabilities

72,539,295

69,819,932

2,719,363

70,111,072

2,428,223

Stockholders’ equity

6,433,005

6,311,086

121,919

5,954,018

478,987

Total assets- Total assets increased $2.8 billion from the first quarter of 2026, primarily driven by an increase of $2.3 billion 
in investment securities. Loans held-in-portfolio increased $460 million, mainly due to an increase of $300 million in the 
BPPR segment across most portfolios and an increase of $160 million in the PB segment, primarily in commercial loans. 
Loans held-for-sale ("LHFS") also increased $83 million, mainly due to the loan reclassified as LHFS during the quarter.
Total liabilities- Total liabilities increased $2.7 billion from the first quarter of 2026, mainly reflecting a $2.6 billion increase in 
deposits, including growth in P.R. public deposits of $3.0 billion, coupled with a $325 million increase in short-term 
borrowings due to higher FHLB advances at PB. This was partially offset by a $246 million decline in other liabilities, 
primarily from lower unsettled U.S. Treasury purchases outstanding at period end.
Stockholders’ equity- Stockholders' equity increased $122 million when compared to the first quarter of 2026, driven by 
$278 million of net income and $35 million of amortization of unrealized losses on securities previously reclassified to held-
to- maturity ("HTM"), net of tax, and a favorable variance in foreign currency translation adjustments of $22 million from our 
investment in BHD. These increases were partially offset by $125 million of common share repurchases, $49 million in 
common and preferred dividends declared, and a $50 million increase in unrealized losses on available-for-sale ("AFS") 
securities.

LOANS AND DEPOSITS BY CATEGORY

Quarter ended 30-Jun-26

(Dollars in thousands)

BPPR

%

PB

%

POPULAR

%

Loans held-in-portfolio:

Commercial multi-family

$345,959

1%

$2,053,465

17%

$2,399,424

6%

Commercial real estate non-owner occupied

3,321,095

12%

2,299,780

20%

5,620,875

14%

Commercial real estate owner occupied

1,156,681

4%

2,100,021

18%

3,256,702

8%

Commercial and industrial

6,163,068

22%

2,611,016

22%

8,774,084

22%

Construction

425,850

2%

1,306,225

11%

1,732,075

4%

Mortgage

7,529,550

27%

1,250,784

11%

8,780,334

22%

Leasing

1,968,035

7%

—

—%

1,968,035

5%

Consumer:

Credit cards

1,238,010

4%

(13)

—%

1,237,997

3%

Home equity lines of credit

1,852

—%

83,505

1%

85,357

—%

Personal

1,896,019

7%

56,706

—%

1,952,725

5%

Auto

3,766,648

13%

—

—%

3,766,648

10%

Other

164,069

1%

11,537

—%

175,606

1%

Total loans held-in-portfolio

$27,976,836

100%

$11,773,026

100%

$39,749,862

100%

The Corporation maintained a diversified loan portfolio at June 30, 2026 with approximately 70% of loan balances in its main 
market of Puerto Rico and 54% of our consolidated loan portfolio consisting of real estate-related loans, including residential 
mortgage loans, construction loans, commercial multi-family, and commercial loans secured by commercial real estate.

11

Quarter ended 30-Jun-26

(Dollars in thousands)

BPPR

%

PB [2]

%

POPULAR

%

Non-public deposits:

    Demand deposits

$13,851,038

24%

$1,428,006

12%

$15,085,454

21%

    Savings, NOW and money market deposits (non- brokered)

17,368,199

30%

6,159,751

52%

23,376,410

33%

    Savings, NOW and money market deposits (brokered)

79,505

—%

—

—%

79,505

—%

    Time deposits (non-brokered)

4,666,304

8%

3,469,908

29%

8,113,712

12%

    Time deposits (brokered CDs)

—

—%

873,116

7%

873,116

1%

Total Non-public deposits:

35,965,046

61%

11,930,781

100%

47,528,197

P.R public deposits:

    Demand Deposits [1]

11,438,732

19%

—

—%

11,438,732

16%

    Savings, NOW and money market deposits (non-brokered)

10,347,936

18%

—

—%

10,347,936

15%

    Time deposits (non-brokered)

918,250

2%

—

—%

918,250

1%

Total P.R. public deposits

22,704,918

39%

—

—%

22,704,918

32%

Total deposits

$58,669,964

100%

$11,930,781

100%

$70,233,115

100%

[1] Includes interest bearing demand deposits.

[2] PB deposits include intercompany deposits, which are eliminated at the consolidated level.

Total deposits were $70.2 billion as of the end of Q2 2026, reflecting a diversified funding base across retail, commercial and 
public sector. 
P.R. public deposits stood at $22.7 billion representing 32% of total deposits. We expect P.R. public deposits to be in the 
range of $20-22 billion for the rest of the year. 

CAPITAL POSITION

Quarters ended

(In thousands)

30-Jun-26

31-Mar-26

Δ vs 
31-Mar-26

30-Jun-25

Δ vs 
30-Jun-25

Capital Position

Common equity per share

$100.38

$97.27

$3.11

$87.31

$13.07

Tangible common book value per common share (non-GAAP) [1]

$87.94

$84.98

$2.96

$75.41

$12.53

Tangible common book value to tangible assets (non-GAAP) [1]

7.18%

7.29%

-11 bps

6.81%

37 bps

Return on average tangible common equity before adjusting for 
the impact of unrealized (gains) losses on AFS securities including 
those transferred to HTM (non-GAAP) [1]

20.12%

18.18%

194 bps

14.38%

574 bps

ROTCE (non-GAAP) [1]

17.02%

15.46%

156 bps

13.26%

376 bps

Regulatory Capital

Common Equity Tier 1 capital

16.08%

15.92%

16 bps

15.91%

17 bps

Tier 1 capital

16.13%

15.98%

15 bps

15.96%

17 bps

Total capital

17.85%

17.71%

14 bps

17.70%

15 bps

Tier 1 leverage

8.57%

8.60%

-3 bps

8.51%

6 bps

    [1] Refer to Table R for the reconciliation to most comparable GAAP measures.

The Corporation's Common Equity Tier 1 capital ratio was 16.08% at June 30, 2026, higher by 16 basis points when 
compared to Q1 2026, which was primarily driven by higher income. Tangible common book value per common share 
increased to $87.94, driven by net income partially offset by capital return activity. Common equity per share increased to 
$100.38. 
Refer to Table A for capital ratios and Table R for a reconciliation of the non-GAAP financial measures presented above to 
the most comparable GAAP financial measures.
Capital Actions – During the quarter and six months ended June 30, 2026, Popular repurchased 833,369 shares of 
common stock for $125 million at an average price of $150.36 per share and 1,988,767 shares of common stock for $280 
million at an average price of $141.04 per share, respectively. Common stock repurchases and dividends on preferred and 
common stock combined, represented capital returned to shareholders of $174 million during the quarter and $378 million 
for the six months ended June 30, 2026. 
ROTCE (non-GAAP) – Return on average tangible common equity, adjusted to add-back unrealized (gains) losses on AFS 
securities, including those transferred to HTM (as so adjusted, "ROTCE"), improved to 17.02% in Q2 2026, up from 15.46% 

12

in Q1 2026. We believe that adding back the impact of unrealized (gains) losses on AFS securities including those 
transferred to HTM to the denominator provides meaningful information about the Corporation’s return on capital.

2026 FULL YEAR OUTLOOK

Metric

Original FY 2026 Guidance

Updated Guidance

Commentary

Net Interest Income

5%-7% increase for the year

8% - 9% increase for the year

Driven by higher volume of P.R. deposits

Non-Interest Income

$160 million-$165 million per quarter

$165 million - $170 million per quarter

Driven by increase in credit and debit card 
activity

NCOs

55 bps-70 bps annualized

65 bps - 80 bps annualized

Due to YTD commercial charge-offs and NPL 
inflows

Operating Expenses

3% increase for the year

2% - 3% increase for the year

Guidance includes profit sharing expense

Effective Tax Rate

15%-17% for the year

14% - 15% for the year

Driven by higher exempt income

Loan Growth

3%-4% for the year

Low-end of the guidance range

Driven by consumer loan activity in P.R. and 
C&I loan sold in Q3 2026

NON-GAAP FINANCIAL MEASURES

This press release contains financial information prepared under accounting principles generally accepted in the United 
States (“U.S. GAAP”) and non-GAAP financial measures. Management uses non-GAAP financial measures when it 
determines that these measures provide more meaningful information of the underlying performance of the ongoing 
operations. Non-GAAP financial measures used by the Corporation may not be comparable to similarly named non-GAAP 
financial measures used by other companies. Below are the non-GAAP measures used in this earnings release:
•NII on a fully taxable equivalent (“FTE”) basis – Management believes that this presentation provides 
meaningful information since it facilitates the comparison of revenues arising from taxable and tax-exempt sources. 
NII FTE is presented with its different components in Tables D and E for the quarter ended June 30, 2026 and F for 
the year to date ended June 30, 2026. 
•Tangible common equity – The tangible common equity ratio and tangible book value per common share are 
commonly used by banks and analysts in conjunction with more traditional bank capital ratios to compare the 
capital adequacy of banking organizations with significant amounts of goodwill or other intangible assets, typically 
stemming from the use of the purchase accounting method for mergers and acquisitions. Return on average 
tangible common equity is also a measure commonly used by banks and analysts to measure the return on that 
tangible common equity. We present return on average tangible common equity with and without the impact of 
unrealized (gains) losses on AFS securities including those transferred to HTM in the denominator because we 
believe that adding back the impact of unrealized (gains) losses on AFS securities including those transferred to 
HTM to the denominator provides meaningful information about the Corporation’s return on capital. Unless 
otherwise indicated, references to “ROTCE” in this press release means return on average tangible common equity 
as adjusted to add back unrealized (gains) losses on AFS securities, including those transferred to HTM. Neither 
tangible common equity nor tangible assets or related measures should be used in isolation or as a substitute for 
stockholders’ equity, total assets or any other measure calculated in accordance with GAAP.  Refer to Table R for a 
reconciliation of total stockholders’ equity to tangible common equity and total assets to tangible assets.
•Adjusted Net Income – Management believes that the “Adjusted net income” provides meaningful information 
about the underlying performance of the Corporation’s ongoing operations. There were no adjustments to net 
income for the quarter ended June 30, 2026 or March 31 2026.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform 
Act of 1995, including without limitation those regarding Popular’s business, financial condition, results of operations, plans, 
objectives, outlook 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 

13

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), our ability to 
attract deposits and grow our loan portfolio, capital market conditions, capital adequacy and liquidity, the effect of legal and 
regulatory proceedings, the receipt of necessary regulatory approvals, including for dividends by the Corporation’s 
subsidiaries, and the timing of those regulatory approvals,  new regulatory requirements or accounting standards on the 
Corporation’s financial condition and results of operations, the occurrence of unforeseen or catastrophic events, such as 
extreme weather events, pandemics, man-made disasters or acts of violence or war, as well as actions taken by 
governmental authorities in response thereto, and the direct and indirect impact of such events on Popular, our customers, 
service providers and third parties. Other potential factors include Popular’s ability to successfully execute its transformation 
initiative, including, but not limited to, achieving projected earnings, efficiencies and return on tangible common equity and 
accurately anticipating costs and expenses associated therewith, our ability to execute capital actions, including with respect 
to share repurchases and dividends, the imposition of additional or special FDIC assessments, or increases thereto, the 
occurrence of any cyber-security event, changes to regulatory capital, liquidity and resolution-related requirements 
applicable to financial institutions, 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, and changes in and uncertainty regarding federal funding, tax and trade policies, and rulemaking, supervision, 
examination and enforcement priorities of the federal administration. 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. 
More information on the risks and important factors that could affect the Corporation’s future results and financial condition is 
included in our Form 10-K for the year ended December 31, 2025, our Form 10-Q for the quarter ended March 31, 2026  
and our Form 10-Q for the quarter ended June 30, 2026 to be filed with the Securities and Exchange Commission. Our 
filings are available on the Corporation’s website (www.popular.com) and on the Securities and Exchange Commission 
website (www.sec.gov). The Corporation assumes no obligation to update or revise any forward-looking statements or 
information which speak as of their respective dates. 

ABOUT POPULAR, INC.

Popular, Inc. (NASDAQ: BPOP) is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks 
among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s 
principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. and British 
Virgin Islands, as well as auto and equipment leasing and financing in Puerto Rico. Popular also offers broker-dealer and 
insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides retail, 
mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has 
branches located in New York, New Jersey and Florida. 

CONFERENCE CALL

Popular will hold a conference call to discuss its financial results today, Wednesday, July 23, 2026 at 11:00 a.m. Eastern 
Time. The call will be broadcast live over the Internet and can be accessed through the Investor Relations section of the 
Corporation’s website: www.popular.com. 
Following the live webcast, a replay will be archived in the investor relations section of Popular’s website. 

14

Popular, Inc.

Financial Supplement to Second Quarter 2026 Earnings Release

Table A - Selected Ratios and Other Information

Table B - Consolidated Statement of Operations

Table C - Consolidated Statement of Financial Condition

Table D - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) - QUARTER

Table E - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) - QUARTER

Table F - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP) - YEAR-TO-DATE

Table G - Mortgage Banking Activities and Other Service Fees

Table H - Consolidated Loans and Deposits

Table I - Loan Delinquency - BPPR Operations

Table J - Loan Delinquency - Popular U.S. Operations

Table K - Loan Delinquency - Consolidated

Table L - Non-Performing Assets

Table M - Activity in Non-Performing Loans

Table N - Allowance for Credit Losses, Net Charge-offs and Related Ratios

Table O - Allowance for Credit Losses ‘‘ACL’’ - Loan Portfolios - BPPR Operations

Table P - Allowance for Credit Losses ‘‘ACL’’ - Loan Portfolios - Popular U.S. Operations

Table Q - Allowance for Credit Losses ‘‘ACL’’ - Loan Portfolios - Consolidated

Table R - Reconciliation to GAAP Financial Measures

15

POPULAR, INC. 
Financial Supplement to Second Quarter 2026 Earnings Release 
Table A - Selected Ratios and Other Information 
(Unaudited)

Quarters ended

Six months ended

30-Jun-26

31-Mar-26

30-Jun-25

30-Jun-26

30-Jun-25

Basic EPS

$4.35

$3.78

$3.09

$8.13

$5.64

Diluted EPS

$4.35

$3.78

$3.09

$8.13

$5.64

Average common shares outstanding

63,880,929

64,818,440

68,050,361

64,347,094

68,661,851

Average common shares outstanding - assuming dilution

63,915,634

64,877,543

68,079,649

64,381,799

68,687,659

Common shares outstanding at end of period

63,866,681

64,654,788

67,937,468

63,866,681

67,937,468

Market value per common share

$164.18

$134.17

$110.21

$164.18

$110.21

Market capitalization - (In millions)

$10,486

$8,675

$7,487

$10,486

$7,487

Return on average assets

1.41%

1.29%

1.11%

1.35%

1.04%

Return on average common equity

15.18%

13.76%

11.77%

14.48%

10.93%

Net interest margin (non-taxable equivalent basis)

3.66%

3.66%

3.49%

3.67%

3.45%

Net interest margin (taxable equivalent basis) -non-GAAP

4.17%

4.14%

3.85%

4.16%

3.80%

Common equity per share

$100.38

$97.27

$87.31

$100.38

$87.31

Tangible common book value per common share (non-GAAP) [1]

$87.94

$84.98

$75.41

$87.94

$75.41

Tangible common equity to tangible assets (non-GAAP) [1]

7.18%

7.29%

6.81%

7.18%

6.81%

Return on average tangible common equity [1]

17.02%

15.46%

13.26%

17.02%

12.32%

Tier 1 capital

16.13%

15.98%

15.96%

16.13%

15.96%

Total capital

17.85%

17.71%

17.70%

17.85%

17.70%

Tier 1 leverage

8.57%

8.60%

8.51%

8.57%

8.51%

Common Equity Tier 1 capital

16.08%

15.92%

15.91%

16.08%

15.91%

[1]Refer to Table R for reconciliation to GAAP financial measures. 

16

POPULAR, INC. 
Financial Supplement to Second Quarter 2026 Earnings Release 
Table B - Consolidated Statement of Operations 
(Unaudited) 

Quarters ended

Variance Quarter ended

Variance

Six months ended

(In thousands, except per share information)

30-Jun-26

31-Mar-26

Δ vs          
31-Mar-26

30-Jun-25

Δ vs          
30-Jun-25

30-Jun-26

30-Jun-25

Interest income:

Loans

$714,266

$702,149

$12,117

$684,587

$29,679

$1,416,415

$1,351,260

Money market investments

47,021

44,240

2,781

69,532

(22,511)

91,261

139,698

Investment securities

220,352

200,827

19,525

189,753

30,599

421,179

369,912

Total interest income

981,639

947,216

34,423

943,872

37,767

1,928,855

1,860,870

Interest expense:

Deposits

271,254

259,418

11,836

295,058

(23,804)

530,672

592,921

Short-term borrowings

5,172

5,703

(531)

5,300

(128)

10,875

6,726

Long-term debt

11,794

11,915

(121)

11,965

(171)

23,709

24,077

Total interest expense

288,220

277,036

11,184

312,323

(24,103)

565,256

623,724

Net interest income

693,419

670,180

23,239

631,549

61,870

1,363,599

1,237,146

Provision for credit losses

65,873

75,886

(10,013)

48,941

16,932

141,759

113,022

Net interest income after provision for credit 
losses

627,546

594,294

33,252

582,608

44,938

1,221,840

1,124,124

Service charges on deposit accounts

39,037

38,766

271

38,826

211

77,803

77,880

Other service fees

108,792

102,921

5,871

100,522

8,270

211,713

195,030

Mortgage banking activities

6,267

4,213

2,054

4,872

1,395

10,480

8,561

Net loss, including impairment, on debt 
securities

(595)

—

(595)

—

(595)

(595)

—

Net gain, including impairment, on equity 
securities

2,327

1,029

1,298

1,862

465

3,356

1,448

Net gain on trading account debt securities

214

261

(47)

538

(324)

475

1,058

Adjustments to indemnity reserves on loans 
sold

394

35

359

120

274

429

293

Other operating income

24,109

18,401

5,708

21,737

2,372

42,510

36,268

Total non-interest income

180,545

165,626

14,919

168,477

12,068

346,171

320,538

Operating expenses:

Personnel costs

Salaries

134,448

134,813

(365)

132,752

1,696

269,261

263,702

Commissions, incentives and other 
bonuses

39,911

34,903

5,008

40,551

(640)

74,814

78,537

Profit sharing

10,000

(1,203)

11,203

13,000

(3,000)

8,797

13,000

Pension, postretirement and medical 
insurance

18,773

14,896

3,877

18,458

315

33,669

33,024

Other personnel costs, including payroll 
taxes

25,899

32,660

(6,761)

24,594

1,305

58,559

53,805

Total personnel costs

229,031

216,069

12,962

229,355

(324)

445,100

442,068

Net occupancy expenses

27,764

27,299

465

29,140

(1,376)

55,063

56,358

Equipment expenses

5,879

5,229

650

5,789

90

11,108

11,091

Other taxes

17,707

17,677

30

18,632

(925)

35,384

37,357

Professional fees

24,484

25,553

(1,069)

28,108

(3,624)

50,037

54,933

Technology and software expenses

90,971

89,139

1,832

84,696

6,275

180,110

168,364

Processing and transactional services

Credit and debit cards

13,236

14,206

(970)

13,044

192

27,442

25,970

Other processing and transactional 
services

24,030

24,881

(851)

24,817

(787)

48,911

49,672

Total processing and transactional 
services

37,266

39,087

(1,821)

37,861

(595)

76,353

75,642

Communications

4,261

4,509

(248)

5,010

(749)

8,770

9,914

Business promotion

Rewards and customer loyalty programs

19,600

15,392

4,208

18,047

1,553

34,992

34,412

Other business promotion

8,300

7,468

832

8,338

(38)

15,768

15,648

Total business promotion

27,900

22,860

5,040

26,385

1,515

50,760

50,060

Deposit insurance

9,977

9,917

60

9,407

570

19,894

19,442

17

Other real estate owned (OREO) income

(3,238)

(4,618)

1,380

(4,124)

886

(7,856)

(7,454)

Other operating expenses

Operational losses

3,118

3,975

(857)

6,185

(3,067)

7,093

12,323

All other

8,626

10,230

(1,604)

15,932

(7,306)

18,856

32,693

Total other operating expenses

11,744

14,205

(2,461)

22,117

(10,373)

25,949

45,016

Amortization of intangibles

384

384

—

385

(1)

768

982

Total operating expenses

484,130

467,310

16,820

492,761

(8,631)

951,440

963,773

Income before income tax

323,961

292,610

31,351

258,324

65,637

616,571

480,889

Income tax expense

45,747

46,936

(1,189)

47,884

(2,137)

92,683

92,947

Net income

$278,214

$245,674

$32,540

$210,440

$67,774

$523,888

$387,942

Net income applicable to common stock

$277,861

$245,321

$32,540

$210,087

$67,774

$523,182

$387,236

Net income per common share - basic

$4.35

$3.78

$0.57

$3.09

$1.26

$8.13

$5.64

Net income per common share - diluted

$4.35

$3.78

$0.57

$3.09

$1.26

$8.13

$5.64

Dividends Declared per Common Share

$0.75

$0.75

$—

$0.70

$0.05

$1.50

$1.40

18

Popular, Inc. 
Financial Supplement to Second Quarter 2026 Earnings Release 
Table C - Consolidated Statement of Financial Condition 
(Unaudited) 

Quarters ended

Variance

(In thousands)

30-Jun-26

31-Mar-26

30-Jun-25

Δ vs 31-Mar-26

Assets:

Cash and due from banks

$365,013

$384,922

$400,631

$(19,909)

Money market investments

4,555,489

4,655,699

6,340,786

(100,210)

Trading account debt securities, at fair value

31,170

30,449

29,643

721

Debt securities available-for-sale, at fair value

24,792,834

21,733,269

20,490,212

3,059,565

Debt securities held-to-maturity, at amortized cost

6,204,020

6,962,659

7,541,724

(758,639)

Less: Allowance for credit losses

6,230

5,900

5,999

330

Debt securities held-to-maturity, net

6,197,790

6,956,759

7,535,725

(758,969)

Equity securities

236,674

217,167

222,391

19,507

Loans held-for-sale, at lower of cost or fair value

88,579

5,603

2,898

82,976

Loans held-in-portfolio

40,156,582

39,703,844

38,611,834

452,738

Less: Unearned income

406,720

414,142

426,656

(7,422)

Allowance for credit losses

784,832

823,729

769,485

(38,897)

Total loans held-in-portfolio, net

38,965,030

38,465,973

37,415,693

499,057

Premises and equipment, net

731,945

706,233

649,191

25,712

Other real estate

49,557

45,680

46,126

3,877

Accrued income receivable

307,251

308,617

274,867

(1,366)

Mortgage servicing rights, at fair value

94,485

94,232

103,077

253

Other assets

1,762,221

1,731,769

1,745,052

30,452

Goodwill

789,954

789,954

802,954

—

Other intangible assets

4,308

4,692

5,844

(384)

Total assets

$78,972,300

$76,131,018

$76,065,090

$2,841,282

Liabilities and Stockholders’ Equity:

Liabilities:

Deposits:

Non-interest bearing

$15,096,293

$15,785,788

$15,114,614

$(689,495)

Interest bearing

55,136,822

51,825,528

52,102,877

3,311,294

Total deposits

70,233,115

67,611,316

67,217,491

2,621,799

Assets sold under agreements to repurchase

77,521

34,576

56,043

42,945

Other short-term borrowings

675,000

350,000

550,000

325,000

Notes payable

710,310

734,981

808,451

(24,671)

Other liabilities

843,349

1,089,059

1,479,087

(245,710)

Total liabilities

72,539,295

69,819,932

70,111,072

2,719,363

Stockholders’ equity:

Preferred stock

22,143

22,143

22,143

—

Common stock

1,050

1,049

1,049

1

Surplus

4,937,091

4,928,636

4,919,950

8,455

Retained earnings

5,632,866

5,403,176

4,861,958

229,690

Treasury stock

(3,000,759)

(2,875,230)

(2,455,425)

(125,529)

Accumulated other comprehensive loss, net of tax

(1,159,386)

(1,168,688)

(1,395,657)

9,302

Total stockholders’ equity

6,433,005

6,311,086

5,954,018

121,919

Total liabilities and stockholders’ equity

$78,972,300

$76,131,018

$76,065,090

$2,841,282

19

Popular, Inc. 
Financial Supplement to Second Quarter 2026 Earnings Release 
Table D - Analysis of Levels and Yields on a Taxable Equivalent Basis (Non-GAAP)
For the quarters ended  June 30, 2026 and March 31, 2026
(audited) 

Average Volume

Average Yields / Costs

Interest

Variance 
Attributable to

30-Jun-26

31-Mar-26

Variance

30-Jun-26

31-Mar-26

Variance

30-Jun-26

31-Mar-26

Variance

Rate

Volume

(In millions)

(In thousands)

$5,095

$4,850

$245

3.70%

3.70%

—%

Money market 
investments

$47,021

$44,240

$2,781

$521

$2,260

31,091

29,810

1,281

3.69

3.52

0.17

Investment securities [1]

286,115

258,897

27,218

14,156

13,062

32

34

(2)

5.76

5.56

0.20

Trading securities

454

463

(9)

21

(30)

36,218

34,694

1,524

3.69

3.54

0.15

Total money market, 
investment and trading 
securities

333,590

303,600

29,990

14,698

15,292

Loans:

19,932

19,723

209

6.73

6.71

0.02

Comm