Popular BPOPO

Popular, Inc. is a diversified, publicly-owned financial holding company registered under the Bank Holding Company Act of 1956. The company provides retail, mortgage and commercial banking services, as well as auto and equipment leasing and financing through its principal banking subsidiary, Banco Popular de Puerto Rico. Popular, Inc. also offers broker-dealer and insurance services through specialized subsidiaries and operates in the mainland United States through its New York-chartered banking subsidiary, Popular Bank.

Popular, Inc. generates revenue primarily from interest on its loan portfolios, which include commercial and industrial loans, commercial real estate loans, multifamily loans, residential mortgage loans, construction loans, lease financings, and consumer loans such as credit cards, automobile loans, and personal loans. The company earns additional income from fees and commissions related to broker-dealer activities, insurance services, and deposit account services. Its revenue is derived from serving individual consumers, small and medium-sized businesses, and commercial clients across its markets in Puerto Rico, the U. S. Virgin Islands, the British Virgin Islands, and the mainland United States.

Popular, Inc. operates through the following segments: Retail Banking, Commercial Banking, and Wealth Management.

• Retail Banking: This segment provides deposit accounts, residential mortgage loans, automobile loans, credit cards, and personal loans to individual consumers. It includes services delivered through branches, online platforms, and mobile applications. The segment operates under the Banco Popular brand in Puerto Rico and the Popular Bank brand in the mainland United States.
• Commercial Banking: This segment offers commercial and industrial loans, commercial real estate financing, multifamily loans, construction loans, and lease financing to businesses and developers. It also provides treasury management and commercial cash management solutions. The segment serves clients under the Banco Popular and Popular Bank brands, with specialized product offerings such as equipment leasing and commercial loan syndications.
• Wealth Management: This segment delivers broker-dealer services, investment advisory, and insurance products through subsidiaries like Popular Securities, LLC and Popular Asset Management LLC. It offers mutual funds, annuities, and retirement planning services to individual and institutional clients. The segment operates under the Popular Securities and Popular Asset Management trademarks, providing access to a range of investment vehicles and financial planning tools.

Popular, Inc. holds a leading position in the financial services industry in Puerto Rico, where it is the largest financial institution based on assets, deposits, and market share. In the mainland United States, the company competes with regional and national banks in the New York, New Jersey, and Florida markets, differentiating itself through specialized lending products and digital transformation initiatives. Its competitive advantages include a strong local brand presence, diversified product offerings, and ongoing investments in technology and customer experience.

Popular, Inc. serves a broad customer base that includes individual retail consumers, small and medium-sized enterprises, large commercial clients, and institutional investors. In Puerto Rico, the company serves the majority of the island’s banking customers, including households and businesses across various sectors. In the United States, its customer base consists of individuals and businesses in the New York metropolitan area, Northern New Jersey, and the greater Miami region, as well as clients accessing its online deposit platforms and loan products on a national scale.