POPULAR, Inc., the largest financial institution headquartered in Puerto Rico, posted a 35.6% increase in net income for 2025 driven by stabilization in its core Puerto Rican market and growth in mainland U.S. operations. Its loan portfolio remains heavily weighted toward real estate but with increasing diversification across commercial and consumer sectors. Strong operating cash flow growth and disciplined capital allocation underpin its improved return on equity of approximately 13.3%. Regulatory scrutiny and credit risks tied to Puerto Rico’s economic environment present ongoing challenges requiring vigilant risk management and strategic expansion into U.S. metropolitan markets.