POPULAR, INC., the largest financial institution headquartered in Puerto Rico, reported steady operational performance in its latest quarter despite ongoing regional economic challenges. The company’s business model combines retail, commercial, mortgage banking, leasing, and insurance services across Puerto Rico and select U.S. mainland markets, generating revenue primarily through net interest income and fee-based activities. Its significant asset concentration in Puerto Rico exposes it to heightened credit and economic risks, mitigated by comprehensive credit risk management and regulatory oversight. New leadership under CEO Jorge Garcia aims to navigate evolving market conditions while capitalizing on growth opportunities through product diversification and deposit base expansion.