Popular, Inc. is a diversified financial services holding company and the leading financial institution in Puerto Rico. The company operates primarily through two main segments: Banco Popular de Puerto Rico (BPPR) and Popular U.S. (Popular Bank). BPPR provides a wide range of retail, mortgage, and commercial banking services, as well as auto and equipment leasing, investment banking, broker-dealer, and insurance services across Puerto Rico and the U.S. Virgin Islands. The Popular U.S. segment operates a retail branch network in the mainland United States, with a significant presence in New York, New Jersey, and Florida, offering consumer and commercial banking services. The company generates the majority of its revenue from net interest income on loans and securities, supplemented by non-interest income from service fees, wealth management, and mortgage banking. Popular, Inc. distinguishes itself through its dominant market share in Puerto Rico's banking system and its strategic focus on serving communities with substantial Hispanic populations on the U.S. mainland.
