Popular, Inc. Reports Net Income of $83.9 million for the Fourth Quarter and $245.3 million for the Year Ended December 31,

  Popular, Inc. Reports Net Income of $83.9 million for the Fourth Quarter and
  $245.3 million for the Year Ended December 31, 2012

  *Significant progress in credit quality (excluding covered loans):

       *Non-performing loans held-in-portfolio declined by $125.4 million or
         8% from Q3 2012, and down 39% from Q3 2010 peak; lowest level since
         Q2 2009;
       *Inflows of commercial, construction and legacy non-performing loans
         held-in-portfolio for Q4 2012 down by $72.9 million, or 51%, from Q3
         2012, and down $401.9 million, or 47%, year over year;
       *Non-performing assets decreased by $384.4 million, or 18%, year over
         year;
       *Net charge-offs of $100.9 million for Q4 2012, vs. $95.8 million for
         Q3 2012, and $126.0 million for Q4 2011;
       *Net charge-offs declined $131.3 million, or 25%, year over year.

  *Net interest margin increased to 4.41% in Q4 2012
  *Average balance of non-covered loans grew by $361.1 million in Q4 2012,
    reflecting strong mortgage and commercial originations in Puerto Rico and
    purchases of high-quality U.S. mortgages
  *Common Equity Tier 1 ratio of 13.18% and Tangible Book Value per Share of
    $32.55 at December 31, 2012; capital exceeds well-capitalized threshold by
    $1.9 billion

Business Wire

SAN JUAN, Puerto Rico -- January 24, 2013

Popular, Inc. (“the Corporation” or “Popular”) (NASDAQ:BPOP) reported net
income of $83.9 million for the quarter ended December 31, 2012, compared with
net income of $47.2 million for the quarter ended September 30, 2012.

Mr. Richard L. Carrión, Chairman of the Board and Chief Executive Officer,
said: “Our fourth quarter results reflect the strength of our core businesses
and market positions, significant further declines in non-performing loans and
increases in our already strong capital ratios. In 2013, we remain focused on
driving value through further progress on all these fronts and continuing to
increase our strategic and financial flexibility.”

Significant events for the quarter ended December 31, 2012

  *During the month of December 2012, the Corporation received a $24.2
    million cash dividend from its investment in EVERTEC’s parent company.
    Also, the Corporation recorded pre-tax income of approximately $31.6
    million related to its proportionate share of a tax benefit from a tax
    grant received by EVERTEC from the Puerto Rico Government. The
    Corporation’s equity investment balance in the entity stands at $73.9
    million as of year-end. The Corporation’s participation interest in the
    entity was 48.5% as of December 31, 2012.

Earnings                                                     
Highlights
                Quarters ended                         Years ended
(Dollars in
thousands,
except per       31-Dec-12    30-Sep-12   31-Dec-11   31-Dec-12  31-Dec-11
share
information)
Net interest      $ 350,411     $ 343,426    $ 344,780   $           $
income                                                   1,372,619   1,431,992
Provision for
loan losses –     86,256        83,589       123,908     334,102     430,085
non-covered
loans
Provision for
loan losses –    (3,445)      22,619      55,900      74,839     145,635
covered loans
[1]
Net interest
income after      267,600       237,218      164,972     963,678     856,272
provision for
loan losses
FDIC loss
share             (36,824)      (6,707)      17,447      (56,211)    66,791
(expense)
income
Other
non-interest      169,825       122,416      131,912     522,553     493,486
income
Operating        296,747      290,355     311,093     1,211,148  1,150,297
expenses
Income before     103,854       62,572       3,238       218,872     266,252
income tax
Income tax
expense          19,914       15,384      263         (26,403)   114,927
(benefit)
Net income       $ 83,940     $ 47,188    $ 2,975     $ 245,275  $ 151,325
Net income
applicable to    $ 83,009     $ 46,257    $ 2,044     $ 241,552  $ 147,602
common stock
Net income per
common share -   $ 0.81       $ 0.45      $ 0.02      $ 2.35     $ 1.44
basic and
diluted [2]
                                                                     
[1] Covered loans represent loans acquired in the Westernbank FDIC-assisted
transaction that are covered under FDIC loss sharing agreements.

[2] Per share data has been adjusted to retroactively reflect the 1-for-10
reverse stock split effected on May 29, 2012.

Financial Impact of FDIC-Assisted Transaction

               Quarters ended                        Years ended
(In thousands)   31-Dec-12   30-Sep-12   31-Dec-11    31-Dec-12  31-Dec-11
                                                               
Income
Statement
Interest income
on covered        $ 76,998     $ 70,584     $ 88,424     $ 301,441   $ 412,678
loans
Total FDIC loss
share (expense)   (36,824)     (6,707)      17,447       (56,211)    66,791
income
Other
non-interest      281          310          1,092        1,211       12,810
income
Provision for    (3,445)     22,619      55,900       74,839     145,635
loan losses
Total revenues
less provision   $ 43,900    $ 41,568    $ 51,063     $ 171,602  $ 346,644
for loan losses
                                                                     
Balance Sheet
Loans covered
under             $            $            $
loss-sharing      3,755,972    3,903,867    4,348,703
agreements with
FDIC
FDIC loss share   1,399,098    1,559,057    1,915,128
asset
FDIC true-up
payment          111,519     103,189     98,340
obligation

See additional details on accounting for FDIC-Assisted transaction in Table O.

Net interest income

Net interest margin for the fourth quarter of 2012 increased 4 basis points to
4.41% when compared with the third quarter of 2012. Net interest income
reached $350.4 million, an increase of $7.0 million from the third quarter.
The main drivers of the improvement in net interest margin are:

  *Increase of $6.4 million in interest income on the covered loan portfolio.
    The higher yield of the covered loan portfolio was mainly the result of a
    substantial reduction in expected losses and the resolution of certain
    commercial loans in excess of their book value.
  *Decrease of approximately $2.1 million, or 3 basis points, in interest
    expense on deposits, reflecting continuing progress in repricing the
    deposit base and a decrease in the average balance of deposits, mainly in
    brokered and non-brokered certificates of deposit.
  *Decrease of approximately $1.8 million, or 24 basis points in interest
    expense on notes payable, driven by replacing long-term FHLB advances with
    brokered certificates of deposit and repurchase agreements at a lower
    cost.

  *Banco Popular de Puerto Rico’s (BPPR) net interest margin increased 7
    basis points from 5.11% in the third quarter to 5.18% in the fourth
    quarter. Net interest income amounted to $309.1 million for the quarter
    ended December 31, 2012, compared with $300.9 million for the previous
    quarter. The improvement was mainly the result of higher interest income
    from covered loans and a lower cost of borrowings as mentioned above.
  *Banco Popular North America (BPNA) earned $68.5 million in net interest
    income for the quarter ended December 31, 2012 compared with $69.6 million
    in the previous quarter. The decrease in the net interest margin of 6
    basis points to 3.51% was mainly caused by a decrease in the yield of
    commercial and mortgage loans and of investment securities due to
    prepayments, partially offset by a 12 basis point reduction in the cost of
    interest-bearing deposits.

Provision for Loan Losses
                                                               
                  Quarters ended                       Years ended
(In thousands)     31-Dec-12   30-Sep-12  31-Dec-11   31-Dec-12  31-Dec-11
Provision for
loan losses -
non-covered loans
BPPR                $ 78,092     $ 69,738    $ 88,128    $ 282,061   $ 341,596
BPNA                8,164     13,851    35,780     52,041    88,489
Total provision
for loan losses-    86,256    83,589    123,908    334,102   430,085
non-covered loans
Provision
(reversal) for      (3,445 )   22,619    55,900     74,839    145,635
loan losses -
covered loans
Total provision    $ 82,811   $ 106,208  $ 179,808   $ 408,941  $ 575,720
for loan losses

The provision for loan losses for the fourth quarter of 2012 amounted to $82.8
million, a decrease of $23.4 million versus the previous quarter, mainly
driven by lower provision for the covered loan portfolio.

  *The provision for loan losses for the non-covered loan portfolio increased
    by $2.7 million from third quarter 2012.

       *The provision for loan losses for non-covered loans at BPPR increased
         by $8.4 million from the third quarter of 2012, primarily reflecting
         higher net charge-offs in the commercial loan portfolio mainly
         related to one particular relationship.
       *The provision for loan losses at BPNA operations decreased by $5.7
         million from the third quarter of 2012, primarily due to continued
         improvements in credit trends.

  *The provision for loan losses on the covered loan portfolio decreased by
    $26.1 million from the third quarter 2012, driven primarily by loans
    accounted for pursuant to ASC 310-30.

       *The provision for loan losses for loans accounted under ASC 310-30
         was $1.6 million for the fourth quarter of 2012, compared with $17.9
         million for the previous quarter. The $16.3 million decrease was
         mostly due to certain commercial and construction loan pools, which
         reflected lower expected loss estimates for the fourth quarter of
         2012. Overall expected losses on the covered portfolio continue to be
         lower than originally estimated.
       *The provision for loan losses on covered loans accounted under ASC
         310-20 declined by $9.8 million from the previous quarter, primarily
         driven by a reduction in the specific reserve of a particular
         commercial loan relationship.

Non-interest income

Non-interest income increased by $17.3 million versus the third quarter,
driven primarily by the following items:

  *A $37.9 million increase in other operating income principally due to
    $31.6 million of income recorded from the Corporation’s interest in
    EVERTEC during the fourth quarter related to its proportionate share of a
    tax benefit from a tax grant received by EVERTEC from the Puerto Rico
    Government.
  *An $11.7 million increase in net gain on sale of loans as a result of
    higher gains on securitization transactions at BPPR and sales of U.S.
    commercial loans held-for-sale.
  *Reduction of $5.5 million in adjustments to the indemnity reserves on
    loans sold, mainly as a result of improvements in delinquency trends of
    mortgage loans serviced subject to credit recourse as well as a declining
    portfolio and lower provision in the representations and warranties
    reserve in the U.S. mainland. The Corporation stopped selling loans
    subject to credit recourse in 2009.

These increases were partially offset by:

  *An increase of $3.7 million in trading account losses mainly driven by
    lower gain on sale of trading securities. During the third quarter the
    Corporation sold approximately $140.7 million in trading mortgage-backed
    securities which resulted in a gain on sale of approximately $3.4 million,
    net of hedging costs. Also, during the fourth quarter there were higher
    unrealized losses on trading mortgage-backed securities due to higher
    prepayment rates and higher realized and unrealized losses of local
    municipal bonds due to rating downgrades of municipal agencies in Puerto
    Rico.
  *An increase of $30.1 million in FDIC loss-share expense, principally
    caused by higher amortization of the loss-share asset due to lower
    expected losses, a release of allowance for loan and lease losses during
    the fourth quarter and higher unfavorable fair value adjustments of $5.3
    million in the true-up payment obligation. See additional details about
    covered portfolio and FDIC indemnity asset in Table O.

Refer to table B for further details.

Operating expenses

Operating expenses increased by $6.4 million versus the third quarter, driven
primarily by the following items:

  *An increase of $4.8 million in personnel costs, driven mainly by sales
    incentives, retail commissions, training expenses and other compensation
    costs.
  *An increase of $2.5 million in net occupancy expenses related to higher
    expenses at BPNA for property maintenance and repair and rent and higher
    real property taxes in the Puerto Rico and U.S. operations.
  *An increase of $4.8 million in professional fees mainly due to appraisal
    and programming costs, processing fees, and other technology costs related
    to services from EVERTEC.
  *An increase of $1.9 million in business promotion expenses tied to
    year-end institutional campaigns in Puerto Rico and higher expenses in
    customer affinity programs.
  *An increase of $9.0 million in other operating expenses due mainly to
    higher costs associated with the Westernbank covered loan portfolio, of
    which 80% are reimbursable by the FDIC, and higher provision for
    operational losses in the Puerto Rico and US operations. These costs were
    partially offset by a lower provision for unused commitments at BPPR.

These increases were partially offset by:

  *Lower FDIC deposit insurance expenses of $10.5 million, driven mainly by
    revisions in the deposit insurance premium calculation and efficiencies
    achieved from the internal reorganization of Popular Mortgage into BPPR.
  *A $4.8 million decrease in other real estate owned (OREO) expenses, driven
    mainly by higher gains on sales of commercial properties at both BPPR and
    BPNA. This decrease was partially offset by an increase in fair value
    adjustments for commercial properties in BPPR.

Non-personnel credit-related costs, which include collections, appraisals,
credit related fees, and OREO expenses, amounted to $14.1 million for the
fourth quarter of 2012, compared with $18.1 million for the third quarter of
2012. The decrease was principally due to higher gains on sales of commercial
OREOs at both BPPR and BPNA, partially offset by an increase in unfavorable
fair value adjustments for commercial properties at BPPR.

Full-time equivalent employees (“FTEs”) were 8,072 as of December 31, 2012,
compared with 8,074 as of September 30, 2012 and 8,329 as of December 31,
2011. The decline in FTEs is largely due to the retirement window for
qualifying employees that was announced in October 2011 and implemented during
the first quarter of 2012. When compared with the fourth quarter of 2011,
salary expenses are down $2.2 million, or approximately $8.8 million on an
annualized basis.

For a breakdown of operating expenses by category refer to table B.

Income taxes

Income tax expense amounted to $19.9 million for the quarter ended December
31, 2012, compared with an income tax expense of $15.4 million for the third
quarter of 2012.

Credit Quality:

Non-Performing Assets
                                                           
(In thousands)                  31-Dec-12      30-Sep-12      31-Dec-11
Total non-performing loans
held-in-portfolio, excluding    $ 1,425,133    $ 1,550,500    $ 1,737,850
covered loans
Non-performing loans               96,320          108,886         262,302
held-for-sale
Other real estate owned
(“OREO”), excluding covered      266,844      252,024      172,497   
OREO
Total non-performing assets,       1,788,297       1,911,410       2,172,649
excluding covered assets
Covered loans and OREO           213,469      208,235      192,771   
Total non-performing assets     $ 2,001,766   $ 2,119,645   $ 2,365,420 
Net charge-offs for the
quarter (excluding covered      $ 100,854     $ 95,791      $ 126,045   
loans)
                                                                 
Ratios (excluding covered                                   
loans):
Non-performing loans
held-in-portfolio to loans         6.79      %     7.47      %     8.44      %
held-in-portfolio
Allowance for loan losses to       2.96            3.07            3.35
loans held-in-portfolio
Allowance for loan losses to
non-performing loans,            43.62        41.04        39.73     
excluding loans held-for-sale

Credit quality continues to improve as the Company addresses its
non-performing loan balances and manages asset exposures.

  *Non-performing loans (NPL) held-in-portfolio declined by $125.4 million,
    or 8%, from the third quarter of 2012 and were 39% lower than peak levels
    in the third quarter of 2010. The reduction in NPLs was principally
    attributed to a decrease of $90.0 million in Puerto Rico commercial NPLs.
  *Inflows of commercial, constructionand legacy non-performing loans
    held-in-portfolio decreased by $72.9 million, or 51%, from the third
    quarter as underlying credit performance continues to improve due to
    successful efforts in managing early delinquency and greater economic
    stability.
  *OREO, excluding covered OREO, increased by $14.8 million from the third
    quarter, as a result of continuing efforts to aggressively resolve
    non-performing loans.
  *Net charge-offs for the fourth quarter were $100.9 million, compared with
    $95.8 million for the previous quarter. The increase was principally
    driven by higher commercial and mortgage net charge-offs of $4.5 million
    and $4.9 million at BPPR, respectively, offset in part by lower losses in
    BPNA loan portfolios. Refer to Table J for further information on net
    charge-offs and related ratios.
  *The ratio of allowance for loan losses to loans held-in-portfolio,
    excluding covered loans, stood at 2.96% as of December 31, 2012, compared
    with 3.07% as of September 30, 2012. The general and specific reserves
    related to non-covered loans totaled $510.6 million and $111.1 million at
    quarter-end, compared with $528.9 million and $107.4 million,
    respectively, as of September 30, 2012. The decrease in the allowance for
    loan losses is driven by the improvement in credit quality and stability
    in net charge-offs.

Credit Quality by Segment
                               
(In thousands)                 Quarters ended
BPPR                            31-Dec-12      30-Sep-12      31-Dec-11
Provision for loan losses       $ 78,092       $ 69,738       $ 88,128
Net charge-offs                    78,050          71,041          78,309
Total non-performing loans
held-in-portfolio,
excluding covered loans            1,191,982       1,284,026       1,371,242
Allowance/ non-covered loans     2.92      %   2.96      %   3.06      %
held-in-portfolio

                                    Quarters ended
BPNA                                  31-Dec-12    30-Sep-12    31-Dec-11
Provision for loan losses             $ 8,164      $ 13,851     $ 35,780
Net charge-offs                          22,804        24,750        47,736
Total non-performing loans
held-in-portfolio,
excluding covered loans                  233,151       266,474       366,608
Allowance/ non-covered loans           3.07    %   3.35    %   4.11    %
held-in-portfolio

BPPR Segment

  *The provision for loan losses for the non-covered loan portfolio increased
    by $8.4 million from the third quarter 2012, mainly due to higher net
    charge-offs in the commercial loan portfolio.
  *Net charge-offs, excluding covered loans, increased by $7.0 million from
    the third quarter 2012, principally due to increases in commercial loans
    net charge-offs of $4.5 million, mainly due to one particular
    relationship, and $4.9 million increase in mortgage loans net charge-offs.
  *Total non-performing loans held in portfolio, excluding covered loans,
    decreased by $92.0 million from the third quarter 2012. This decrease was
    mainly driven by a decline in commercial NPLs of $90.0 million. Continued
    aggressive collection and loss-mitigation efforts have led to lower
    inflows of non-performing loans and higher volume of loans returning to
    accrual status after assessing borrower’s willingness and capacity of debt
    repayment.
  *Inflows of commercialnon-performing loans held-in-portfolio decreased
    by$55.3 million, or 58%, from the third quarter reflecting stronger
    underlying credit performance.
  *The allowance for loan losses for non-covered loans held-in-portfolio
    remained unchanged at $445.3 million from the third quarter of 2012. The
    allowance for loan losses as a percentage of non-covered loans held in
    portfolio decreased to 2.92% from 2.96% in third quarter 2012.

BPNA Segment

  *The provision for loan losses in the third quarter of 2012 decreased by
    $5.7 million. The allowance for loan losses as a percentage of loans held
    in portfolio decreased to 3.07% from 3.35% in the third quarter 2012.
    Sustained improvements in credit quality trends drove the reduction in
    both the provision and the allowance.
  *Net charge-offs decreased by $1.9 million from the third quarter of 2012,
    mainly driven by reductions from the commercial loan portfolio. The
    annualized net charge-offs to average loans held-in-portfolio was 1.60% in
    the fourth quarter of 2012, down from 1.74% in the previous quarter.
  *Total non-performing loans held in portfolio decreased by $33.3 million
    from the third quarter of 2012, mainly related to overall improvements in
    credit performance across most loan portfolios.
  *Inflows of commercial, construction, and legacynon-performing loans
    held-in-portfolio decreased by$16.0 million, or 38%, from the third
    quarter of 2012.

Financial Condition Highlights


(In thousands)                     31-Dec-12     30-Sep-12     31-Dec-11
Total assets                       $ 36,507,535  $ 36,503,366  $ 37,348,432
Total loans held-in-portfolio         24,008,557     23,896,548     24,135,991
(net)
Deposits                              27,000,613     26,319,499     27,942,127
Borrowings                            4,430,673      5,017,141      4,293,669
Stockholders’ equity                4,110,000    4,068,984    3,918,753

Total assets increased by approximately $4.2 million from September 30, 2012
driven by:

  *A $121.9 million increase in cash and money market accounts due mainly to
    excess balances held with the Federal Reserve Bank.
  *An $87.6 million increase in trading securities, mainly due to
    mortgage-backed securities.
  *A $229.3 million increase in non-covered loans held in portfolio mostly
    due to:

       *mortgage loan growth of $56.1 million during the fourth quarter of
         2012, with the BPPR segment originating approximately $446.0 million
         in residential mortgage loans, the highest levels since 2005; and
       *growth in commercial loans of $229.6 million,
       *partially offset by a decrease in legacy loans of $81.6 million.

  *Other real estate owned (covered and non-covered) increased by
    approximately $28.4 million, due mainly to the continuing efforts to
    aggressively resolve non-performing loans.

These increases were partially offset by:

  *Decrease in other assets of $155.4 million driven by receivables from
    securities sold, not yet delivered. During the third quarter of 2012, a
    sale of approximately $140.7 million in trading securities was executed
    but not settled at the end of the quarter.
  *Federal Home Loan Bank stock decreased by $28.1 million driven by lower
    balances of advances with the FHLB of NY.
  *The Loss-Sharing-Agreement (LSA) indemnification asset was reduced by
    $160.0 million during the quarter, driven by collections from the FDIC,
    while reduced estimated losses on the covered portfolio drove higher
    amortization of the indemnification asset.
  *The covered loan portfolio balance decreased by approximately $147.9
    million.

Total liabilities decreased by $36.8 million from September 2012, driven by:

  *Decreases in notes payable and other borrowings of $586.5 million,
    resulting from decreases in FHLB of NY advances. These advances were
    replaced with brokered CDs and repurchase agreements.
  *Other liabilities decreased by $131.5 million, mainly due to a decrease of
    $66 million in liabilities for unsettled purchases of trading securities
    and a decrease of approximately $20.5 million in the pension plan
    liability, reflecting a contribution of $58.0 million, net of an actuarial
    valuation adjustment.

The decrease was partially offset by:

  *A $681.1 million increase in deposits, particularly brokered CDs and
    retail deposits. Table G presents a breakdown of deposits by major
    categories.

Stockholders’ equity increased by $41.0 million from September 30, 2012,
mainly as a result of the net income for the quarter, partially offset by a
decrease in unrealized gains on securities available-for-sale and an increase
in the underfunding of the pension plan liability. Refer to Table A for
capital ratios and Table N for Non-GAAP reconciliations.

Refer to Table C for the Statements of Condition.

Forward-Looking Statements

The information included in this news release contains certain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on management’s current expectations and
involve certain risks and uncertainties that may cause actual results to
differ materially from those expressed in forward-looking statements. Factors
that might cause such a difference include, but are not limited to (i) the
rate of growth in the economy and employment levels, as well as general
business and economic conditions; (ii) changes in interest rates, as well as
the magnitude of such changes; (iii) the fiscal and monetary policies of the
federal government and its agencies; (iv) changes in federal bank regulatory
and supervisory policies, including required levels of capital; (v) the
relative strength or weakness of the consumer and commercial credit sectors
and of the real estate markets in Puerto Rico and the other markets in which
borrowers are located; (vi) the performance of the stock and bond markets;
(vii) competition in the financial services industry; (viii) possible
legislative, tax or regulatory changes; (ix) the impact of the Dodd-Frank Act
on our businesses, business practice and cost of operations; and (x)
additional Federal Deposit Insurance Corporation assessments. For a discussion
of such factors and certain risks and uncertainties to which the Corporation
is subject, see the Corporation’s Annual Report on Form 10-K for the year
ended December 31, 2011, as well as its filings with the U.S. Securities and
Exchange Commission. Other than to the extent required by applicable law,
including the requirements of applicable securities laws, the Corporation
assumes no obligation to update any forward-looking statements to reflect
occurrences or unanticipated events or circumstances after the date of such
statements.

Founded in 1893, Popular, Inc. is the leading banking institution by both
assets and deposits in Puerto Rico and ranks 36th by assets among U.S. banks.
In the United States, Popular has established a community-banking franchise,
doing business as Popular Community Bank, providing a broad range of financial
services and products with branches in New York, New Jersey, Illinois, Florida
and California.

An electronic version of this press release can be found at the Corporation’s
website, www.popular.com.

Popular will hold a conference call to discuss the financial results today
Thursday, January 24, 2013 at 10:30 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.

Listeners are recommended to go to the website at least 15 minutes prior to
the call to download and install any necessary audio software. The call may
also be accessed through a dial-in telephone number 866-700-6293 or
617-213-8835. The conference code is 31838169.

A replay of the webcast will be archived in Popular’s website during the
respective period. A telephone replay will be available from 12:30 p.m. on
Thursday, January 24, 2013 to 11:59 p.m. on Thursday, January 31, 2013, at
888-286-8010 or 617-801-6888. The replay passcode is 79338243.

Popular will hold an Investor Day on Friday, March 1 at Popular Center in San
Juan, Puerto Rico. You can find the link to the webcast in the
investor-relations section of our website. For further information, please
contact us via email at investor-relations@bppr.com.

Popular, Inc.
Financial Supplement to Fourth Quarter 2012 Earnings Release

Table A - Selected Ratios and Other Information

Table B - Consolidated Statement of Operations

Table C - Consolidated Statement of Financial Condition

Table D - Consolidated Average Balances and Yield / Rate Analysis - QUARTER

Table E - Consolidated Average Balances and Yield / Rate Analysis -
YEAR-TO-DATE

Table F - Other Service Fees

Table G - Loans and Deposits

Table H - Non-Performing Assets

Table I - Activity in Non-Performing Loans

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

Table K - Allowance for Loan Losses - Breakdown of General and Specific
Reserves - CONSOLIDATED

Table L - Allowance for Loan Losses - Breakdown of General and Specific
Reserves - PUERTO RICO OPERATIONS

Table M - Allowance for Loan Losses - Breakdown of General and Specific
Reserves - U.S. MAINLAND OPERATIONS

Table N - Reconciliation to GAAP Financial Measures

Table O - Financial Information - Westernbank Covered Loans

POPULAR, INC.
Financial Supplement to Fourth Quarter 2012 Earnings Release
Table A - Selected Ratios and Other Information
(Unaudited)

                                                                                  
               Quarters ended                                       Years ended
              31-Dec-12        30-Sep-12        31-Dec-11        31-Dec-12        31-Dec-11
Net income per                                                                     
common share:
Basic and      $ 0.81            $ 0.45            $ 0.02            $ 2.35            $ 1.44
diluted [1]
                                                                                       
Average common
shares           102,628,274       102,451,410       102,274,180       102,429,755       102,179,393
outstanding
[1]
                                                                                                     
Average common
shares
outstanding -    102,801,581       102,484,960       102,274,180       102,653,610       102,289,496
assuming
dilution [1]
                                                                                                     
Common shares
outstanding at   103,169,806       103,097,143       102,590,457       103,169,806       102,590,457
end of period
[1]
                                                                                       
Market value
per common     $ 20.79           $ 17.45           $ 13.90           $ 20.79           $ 13.90
share [1]
                                                                                       
Market
Capitalization $ 2,145           $ 1,799           $ 1,426           $ 2,145           $ 1,426
--- (In
millions)
                                                                                       
Return on        0.92        %     0.52        %     0.03        %     0.68        %     0.40        %
average assets
                                                                                       
Return on
average common   8.50        %     4.81        %     0.21        %     6.37        %     4.01        %
equity
                                                                                       
Net interest     4.41        %     4.37        %     4.30        %     4.35        %     4.34        %
margin [2]
                                                                                       
Common equity  $ 39.35           $ 38.98           $ 37.71           $ 39.35           $ 37.71
per share [1]
                                                                                       
Tangible
common book
value per      $ 32.55           $ 32.15           $ 30.77           $ 32.55           $ 30.77
common share
(non-GAAP) [1]
                                                                                       
Tangible
common equity
to tangible      9.38        %     9.26        %     8.62        %     9.38        %     8.62        %
assets
(non-GAAP)
                                                                                       
Tier 1
risk-based       17.35       %     16.81       %     15.97       %     17.35       %     15.97       %
capital [3]
                                                                                       
Total
risk-based       18.63       %     18.09       %     17.25       %     18.63       %     17.25       %
capital [3]
                                                                                       
Tier 1           11.52       %     11.40       %     10.90       %     11.52       %     10.90       %
leverage [3]
                                                                                       
Tier 1 common
equity to
risk-weighted   13.18       %   12.72       %   12.10       %   13.18       %   12.10       %
assets
(non-GAAP) [3]
[1] All share and per share data has been adjusted to retroactively reflect the 1-for-10 reverse stock
split effected on May 29, 2012.

[2] Not on a taxable equivalent basis.

[3] Capital ratios for the current quarter are estimated.

POPULAR, INC.
Financial Supplement to Fourth Quarter 2012 Earnings Release
Table B - Consolidated Statement of Operations
(Unaudited)
                                            Variance     Quarter      Variance     
                   Quarters ended              Q4 2012       ended         Q4 2012       Years ended
(In thousands,
except per share  31-Dec-12    30-Sep-12    vs.Q3 2012   31-Dec-11    vs.Q4 2011   31-Dec-12      31-Dec-11
information)
Interest income:                                                                                      
 Loans            $ 393,732     $ 387,381     $ 6,351       $ 399,523     $ (5,791  )   $ 1,558,397     $ 1,694,357
  Money market       929           862           67            837           92            3,703           3,596
  investments
  Investment         37,953        39,945        (1,992  )     46,758        (8,805  )     166,781         203,941
  securities
  Trading
 account          5,155      5,815      (660    )   6,275      (1,120  )   22,824       35,607    
  securities
 Total interest   437,769    434,003    3,766      453,393    (15,624 )   1,751,705    1,937,501 
  income
Interest
expense:
  Deposits           40,896        43,000        (2,104  )     56,068        (15,172 )     184,089         269,487
  Short-term         10,302        9,876         426           13,780        (3,478  )     46,805          55,258
  borrowings
 Long-term debt   36,160     37,701     (1,541  )   38,765     (2,605  )   148,192      180,764   
 Total interest   87,358     90,577     (3,219  )   108,613    (21,255 )   379,086      505,509   
  expense
Net interest         350,411       343,426       6,985         344,780       5,631         1,372,619       1,431,992
income
Provision for
loan losses -        86,256        83,589        2,667         123,908       (37,652 )     334,102         430,085
non-covered
loans
Provision for
loan losses -      (3,445  )   22,619     (26,064 )   55,900     (59,345 )   74,839       145,635   
covered loans
Net interest
income after       267,600    237,218    30,382     164,972    102,628    963,678      856,272   
provision for
loan losses
Service charges
on deposit           44,449        45,858        (1,409  )     46,162        (1,713  )     183,026         184,940
accounts
Other service        63,695        64,784        (1,089  )     60,097        3,598         256,545         239,720
fees
Net (loss) gain
on sale and
valuation            (1,422  )     64            (1,486  )     2,800         (4,222  )     (1,707    )     10,844
adjustments of
investment
securities
Trading account      (5,990  )     (2,266  )     (3,724  )     2,610         (8,600  )     (17,682   )     5,897
(loss) profit
Net gain on sale
of loans,
including
valuation            30,196        18,495        11,701        16,135        14,061        48,765          30,891
adjustments on
loans
held-for-sale
Adjustments
(expense) to
indemnity            (3,208  )     (8,717  )     5,509         (3,481  )     273           (21,198   )     (33,068   )
reserves on
loans sold
FDIC loss share      (36,824 )     (6,707  )     (30,117 )     17,447        (54,271 )     (56,211   )     66,791
(expense) income
Fair value
change in equity     -             -             -             -             -             -               8,323
appreciation
instrument
Other operating    42,105     4,198      37,907     7,589      34,516     74,804       45,939    
income
  Total
 non-interest     133,001    115,709    17,292     149,359    (16,358 )   466,342      560,277   
  income
Operating
expenses:
Personnel costs
  Salaries           74,846        74,339        507           77,074        (2,228  )     301,965         305,018
  Commissions,
  incentives and     14,817        12,800        2,017         10,873        3,944         54,702          44,421
  other bonuses
  Pension,
  postretirement     16,453        15,984        469           26,039        (9,586  )     66,976          62,219
  and medical
  insurance
  Other
  personnel
 costs,           10,209     8,427      1,782      10,561     (352    )   42,059       41,712    
  including
  payroll taxes
  Total
  personnel          116,325       111,550       4,775         124,547       (8,222  )     465,702         453,370
  costs
Net occupancy        26,918        24,409        2,509         25,891        1,027         100,452         102,319
expenses
Equipment            11,602        11,447        155           10,526        1,076         45,290          43,840
expenses
Other taxes          11,942        12,666        (724    )     12,899        (957    )     50,120          51,885
Professional         58,246        53,412        4,834         50,019        8,227         211,890         194,942
fees
Communications       6,558         6,500         58            5,917         641           26,834          27,115
Business             16,822        14,924        1,898         19,225        (2,403  )     61,576          55,067
promotion
FDIC deposit         13,691        24,173        (10,482 )     25,088        (11,397 )     85,697          93,728
insurance
Loss on early
extinguishment       12            43            (31     )     56            (44     )     25,196          8,693
of debt
Other real
estate owned         1,079         5,896         (4,817  )     9,893         (8,814  )     23,520          21,778
(OREO) expenses
Credit and debit
card processing,
volume,              4,646         5,442         (796    )     3,974         672           19,729          17,539
interchange and
other
Other operating      26,439        17,412        9,027         20,377        6,062         85,070          70,367
expenses
Amortization of    2,467      2,481      (14     )   2,681      (214    )   10,072       9,654     
intangibles
  Total
 operating        296,747    290,355    6,392      311,093    (14,346 )   1,211,148    1,150,297 
  expenses
Income before        103,854       62,572        41,282        3,238         100,616       218,872         266,252
income tax
Income tax
expense            19,914     15,384     4,530      263        19,651     (26,403   )   114,927   
(benefit)
Net income        $ 83,940    $ 47,188    $ 36,752    $ 2,975     $ 80,965    $ 245,275     $ 151,325   
Net income
applicable to     $ 83,009    $ 46,257    $ 36,752    $ 2,044     $ 80,965    $ 241,552     $ 147,602   
common stock
Net income per
common share -    $ 0.81      $ 0.45      $ 0.36      $ 0.02      $ 0.79      $ 2.35        $ 1.44      
basic [1]
Net income per
common share -    $ 0.81      $ 0.45      $ 0.36      $ 0.02      $ 0.79      $ 2.35        $ 1.44      
diluted [1]
[1] Per share data has been adjusted to retroactively reflect the 1-for-10 reverse stock split effected on May 29,
2012.

Popular, Inc.
Financial Supplement to Fourth Quarter 2012 Earnings Release
Table C - Consolidated Statement of Financial Condition
(Unaudited)
                                                                        Variance
                                                                            Q4 2012 vs.
(In thousands)          31-Dec-12       30-Sep-12       31-Dec-11       Q3 2012
Assets:
Cash and due from        $ 530,363        $ 477,342        $ 535,282        $ 53,021
banks
Money market               994,580          925,663          1,376,174        68,917
investments
Trading account
securities, at fair        314,525          226,918          436,331          87,607
value
Investment securities
available-for-sale, at     5,084,201        5,120,301        5,009,823        (36,100  )
fair value
Investment securities
held-to-maturity, at       142,817          122,072          125,383          20,745
amortized cost
Other investment
securities, at lower       185,443          213,389          179,880          (27,946  )
of cost or realizable
value
Loans held-for-sale,
at lower of cost or        354,468          337,049          363,093          17,419
fair value
Loans
held-in-portfolio:
    Loans not covered
  under loss sharing     21,080,005       20,851,108       20,703,192       228,897
    agreements with
    the FDIC
    Loans covered
    under loss sharing     3,755,972        3,903,867        4,348,703        (147,895 )
    agreements with
    the FDIC
    Less: Unearned         96,813           97,255           100,596          (442     )
    income
  Allowance for loan   730,607       761,172       815,308       (30,565  )
    losses
    Total loans
  held-in-portfolio,   24,008,557    23,896,548    24,135,991    112,009  
    net
FDIC loss share asset      1,399,098        1,559,057        1,915,128        (159,959 )
Premises and               535,793          525,733          538,486          10,060
equipment, net
Other real estate not
covered under loss         266,844          252,024          172,497          14,820
sharing agreements
with the FDIC
Other real estate
covered under loss         139,058          125,514          109,135          13,544
sharing agreements
with the FDIC
Accrued income             125,728          133,943          125,209          (8,215   )
receivable
Mortgage servicing         154,430          158,367          151,323          (3,937   )
assets, at fair value
Other assets               1,569,578        1,724,927        1,462,393        (155,349 )
Goodwill                   647,757          647,757          648,350          -
Other intangible         54,295        56,762        63,954        (2,467   )
assets
Total assets            $ 36,507,535   $ 36,503,366   $ 37,348,432   $ 4,169    
Liabilities and
Stockholders’ Equity:
Liabilities:
  Deposits:
    Non-interest         $ 5,794,629      $ 5,404,470      $ 5,655,474      $ 390,159
    bearing
  Interest bearing     21,205,984    20,915,029    22,286,653    290,955  
  Total deposits       27,000,613    26,319,499    27,942,127    681,114  
Assets sold under
agreements to              2,016,752        1,944,564        2,141,097        72,188
repurchase
Other short-term           636,200          1,206,200        296,200          (570,000 )
borrowings
Notes payable              1,777,721        1,866,377        1,856,372        (88,656  )
Other liabilities        966,249       1,097,742     1,193,883     (131,493 )
Total liabilities        32,397,535    32,434,382    33,429,679    (36,847  )
Stockholders’ equity:
Preferred stock            50,160           50,160           50,160           -
Common stock               1,032            1,031            1,026            1
Surplus                    4,150,294        4,131,681        4,123,898        18,613
Retained earnings          11,826           (54,183    )     (212,726   )     66,009
(accumulated deficit)
Treasury stock             (444       )     (270       )     (1,057     )     (174     )
Accumulated other        (102,868   )   (59,435    )   (42,548    )   (43,433  )
comprehensive loss
    Total
  stockholders’        4,110,000     4,068,984     3,918,753     41,016   
    equity
Total liabilities and   $ 36,507,535   $ 36,503,366   $ 37,348,432   $ 4,169    
stockholders’ equity

Popular, Inc.
Financial Supplement to Fourth Quarter 2012 Earnings Release
Table D - Consolidated Average Balances and Yield / Rate Analysis - QUARTER
(Unaudited)

                 Quarter ended                   Quarter ended                   Quarter ended                   Variance                       Variance
                    31-Dec-12                        30-Sep-12                        31-Dec-11                        Q4 2012 vs. Q3 2012             Q4 2012 vs. Q4 2011
($ amounts in
millions; yields   Average    Income/  Yield/     Average    Income/  Yield/     Average    Income/  Yield/     Average  Income/  Yield/      Average   Income/   Yield/
not on a taxable    balance     Expense   Rate       balance     Expense   Rate       balance     Expense   Rate       balance   Expense   Rate        balance    Expense    Rate
equivalent basis)
Assets:                                                                                                                                                           
Interest earning
assets:
  Money market,
  trading and       $6,693    $44.1    2.63   %   $6,625    $46.6    2.81   %   $6,635    $53.9    3.24   %   $68     ($2.5 )  (0.18 ) %   $58      ($9.8  )  (0.61 ) %
  investment
  securities
  Loans not
  covered under
  loss sharing
  agreements with
  the FDIC:
    Commercial      10,200      123.5     4.82       10,024      123.2     4.89       10,596      131.4     4.92       176       0.3       (0.07 )     (396   )   (7.9   )   (0.10 )
    Construction    386         3.3       3.44       435         3.3       3.02       564         2.3       1.59       (49   )   -         0.42        (178   )   1.0        1.85
    Mortgage        6,169       81.0      5.25       5,915       80.7      5.46       5,402       70.5      5.22       254       0.3       (0.21 )     767        10.5       0.03
    Consumer        3,835       97.5      10.11      3,855       97.9      10.10      3,680       95.0      10.25      (20   )   (0.4  )   0.01        155        2.5        (0.14 )
    Lease           540       11.4     8.48       540       11.7     8.67       562       11.9     8.44       -       (0.3  )  (0.19 )     (22    )  (0.5   )  0.04   
    financing
    Total loans
    not covered
    under loss      21,130      316.7     5.97       20,769      316.8     6.08       20,804      311.1     5.95       361       (0.1  )   (0.11 )     326        5.6        0.02
    sharing
    agreements
    with the FDIC
  Loans covered
  under loss
  sharing           3,832     77.0     8.01       3,952     70.6     7.12       4,401     88.4     7.99       (120  )  6.4     0.89       (569   )  (11.4  )  0.02  
  agreements with
  the FDIC
  Total loans       24,962    393.7    6.28       24,721    387.4    6.24       25,205    399.5    6.30       241     6.3     0.04       (243   )  (5.8   )  (0.02 )
  Total interest    31,655    $437.8   5.51   %   31,346    $434.0   5.52   %   31,840    $453.4   5.66   %   309     $3.8    (0.01 ) %   (185   )  ($15.6 )  (0.15 ) %
  earning assets
    Allowance for   (754    )                        (757    )                        (751    )                        3                               (3     )
    loan losses
    Other
    non-interest    5,400                           5,396                           5,655                           4                              (255   )
    earning
    assets
  Total average     $36,301                         $35,985                         $36,744                         $316                           ($443  )
  assets
                                                                                                                                                                                     
Liabilities and
Stockholders'
Equity:
  Interest
  bearing
  deposits:
    NOW and money   $5,707      $6.1      0.43   %   $5,709      $6.2      0.43   %   $5,199      $6.4      0.49   %   ($2   )   ($0.1 )   -       %   $508       ($0.3  )   (0.06 ) %
    market
    Savings         6,654       4.8       0.29       6,561       4.5       0.27       6,475       6.4       0.39       93        0.3       0.02        179        (1.6   )   (0.10 )
    Time deposits   8,650     30.0     1.38       9,003     32.3     1.43       10,685    43.3     1.61       (353  )  (2.3  )  (0.05 )     (2,035 )  (13.3  )  (0.23 )
    Total
    interest        21,011      40.9      0.77       21,273      43.0      0.80       22,359      56.1      0.99       (262  )   (2.1  )   (0.03 )     (1,348 )   (15.2  )   (0.22 )
    bearing
    deposits
  Borrowings        4,704     46.5     3.94       4,426     47.6     4.29       4,507     52.5     4.65       278     (1.1  )  (0.35 )     197      (6.0   )  (0.71 )
    Total
    interest        25,715    87.4     1.35       25,699    90.6     1.40       26,866    108.6    1.61       16      (3.2  )  (0.05 )     (1,151 )  (21.2  )  (0.26 )
    bearing
    liabilities
    Net interest                          4.16   %                         4.12   %                         4.05   %                       0.04   %                         0.11   %
    spread
  Non-interest
  bearing           5,583                            5,319                            5,165                            264                             418
  deposits
  Other             1,067                            1,090                            895                              (23   )                         172
  liabilities
  Stockholders'     3,936                           3,877                           3,818                           59                             118    
  equity
    Total average
    liabilities
    and             $36,301                         $35,985                         $36,744                         $316                           ($443  )
    stockholders'
    equity
                                                                                                                                                                                     
Net interest income / margin    $350.4   4.41   %               $343.4   4.37   %               $344.8   4.30   %             $7.0    0.04   %              $5.6     0.11   %
non-taxable equivalent basis

Popular, Inc.
Financial Supplement to Fourth Quarter 2012 Earnings Release
Table E - Consolidated Average Balances and Yield / Rate Analysis - YEAR-TO-DATE
(Unaudited)

                 Year ended                        Year ended                                               
                    31-Dec-12                         31-Dec-11                         Variance
                    Average     Income /   Yield/   Average     Income/    Yield/   Average       Income/     Yield/
($ amounts in
millions; yields   balance     Expense    Rate     balance     Expense    Rate     balance      Expense    Rate
not on a taxable
equivalent basis)
Assets:
Interest earning
assets:
  Money market,
  trading and       $ 6,724    $ 193.3    2.87   % $ 7,314    $ 243.1    3.32   %  ($590   )  ($49.8  )  (0.45 ) %
  investment
  securities
  Loans not
  covered under
  loss sharing
  agreements with
  the FDIC:
    Commercial        10,226       499.4     4.88       10,889       541.9     4.98       (663    )   (42.5   )   (0.10 )
    Construction      459          16.6      3.61       731          10.8      1.48       (272    )   5.8         2.13
    Mortgage          5,817        314.9     5.41       5,153        302.0     5.86       664         12.9        (0.45 )
    Consumer          3,748        379.1     10.11      3,654        376.2     10.30      94          2.9         (0.19 )
    Lease            545       47.0     8.62      577       50.8     8.81      (32     )  (3.8    )  (0.19 )
    financing
    Total loans
    not covered
    under loss        20,795       1,257.0   6.04       21,004       1,281.7   6.10       (209    )   (24.7   )   (0.06 )
    sharing
    agreements
    with the FDIC
  Loans covered
  under loss
  sharing            4,051     301.4    7.44      4,613     412.7    8.95      (562    )  (111.3  )  (1.51 )
  agreements with
  the FDIC
  Total loans        24,846    1,558.4  6.27      25,617    1,694.4  6.61      (771    )  (136.0  )  (0.34 )
  Total interest     31,570    $ 1,751.7   5.55   %  32,931    $ 1,937.5   5.88   %  (1,361  )   ($185.8 )   (0.33 ) %
  earning assets
    Allowance for     (772   )                          (746   )                          (26     )
    loan losses
    Other
    non-interest     5,466                           5,881                           (415    )
    earning
    assets
  Total average     $ 36,264                         $ 38,066                          ($1,802 )
  assets
                                                                                                                          
Liabilities and
Stockholders'
Equity:
  Interest
  bearing
  deposits:
    NOW and money   $ 5,555      $ 24.6      0.44   % $ 5,204      $ 31.0      0.60   % $ 351         ($6.4   )   (0.16 ) %
    market
    Savings           6,571        21.7      0.33       6,321        37.5      0.59       250         (15.8   )   (0.26 )
    Time deposits    9,421     137.8    1.46      10,920    201.0    1.84      (1,499  )  (63.2   )  (0.38 )
    Total
    interest          21,547       184.1     0.85       22,445       269.5     1.20       (898    )   (85.4   )   (0.35 )
    bearing
    deposits
  Borrowings         4,416     195.0    4.42      5,847     236.0    4.04      (1,431  )  (41.0   )  0.38  
    Total
    interest         25,963    379.1    1.46      28,292    505.5    1.79      (2,329  )  (126.4  )  (0.33 )
    bearing
    liabilities
    Net interest                             4.09   %                          4.09   %                           -      %
    spread
  Non-interest
  bearing             5,357                             5,058                             299
  deposits
  Other               1,100                             983                               117
  liabilities
  Stockholders'      3,844                           3,733                           111     
  equity
    Total average
    liabilities
    and             $ 36,264                         $ 38,066                          ($1,802 )
    stockholders'
    equity
                                                                                                                          
Net interest
income / margin                  $ 1,372.6   4.35   %              $ 1,432.0   4.34   %               ($59.4  )   0.01   %
non-taxable
equivalent basis

Popular, Inc.                                                   
Financial Supplement to
Fourth Quarter 2012 Earnings
Release
Table F - Other
Service Fees
(Unaudited)
                                                                      
                                                         Variance     Variance
                   Quarters ended                        Q4 2012      Q4 2012
                                                         vs.          vs.
(In thousands)    31-Dec-12  30-Sep-12  31-Dec-11    Q3 2012     Q4 2011
Other service
fees:
 Debit card       $ 9,439     $ 8,772     $ 9,664       $ 667        $ (225  )
  fees
  Insurance fees     17,050      12,322      16,471        4,728        579
  Credit card        16,148      14,576      12,943        1,572        3,205
  fees
  Sale and
  administration     9,721       9,511       9,686         210          35
  of investment
  products
  Mortgage
  servicing
  fees, net of       1,647       9,857       1,449         (8,210 )     198
  fair value
  adjustments
  Trust fees         4,226       3,977       3,722         249          504
  Processing         1,511       1,406       1,718         105          (207  )
  fees
 Other fees       3,953     4,363     4,444      (410   )   (491  )
Total other       $ 63,695   $ 64,784   $ 60,097    $ (1,089 )  $ 3,598 
service fees
                                                                      
                                                                      
                                                                      
                                           Variance
                   Years ended             2012 vs.
(In thousands)    31-Dec-12  31-Dec-11   2011    
Other service
fees:
  Debit card       $ 36,787    $ 49,459    $ (12,672 )
  fees
  Insurance fees     53,825      54,390      (565    )
  Credit card        57,551      49,049      8,502
  fees
  Sale and
  administration     37,766      34,388      3,378
  of investment
  products
  Mortgage
  servicing
  fees, net of       30,770      12,098      18,672
  fair value
  adjustments
  Trust fees         16,353      15,333      1,020
  Processing         6,330       6,839       (509    )
  fees
 Other fees       17,163    18,164    (1,001  )
Total other       $ 256,545  $ 239,720  $ 16,825  
service fees

Popular, Inc.                                                             
Financial
Supplement to
Fourth Quarter
2012 Earnings
Release
Table G - Loans
and Deposits
(Unaudited)
                                                                                
Loans - Ending
Balances
                                                                 Variance
                                                                 Q4 2012 vs.    Q4 2012 vs. Q4
(In thousands)     31-Dec-12     30-Sep-12     31-Dec-11     Q3           
                                                                                2011
                                                                 2012
Loans not covered
under FDIC loss
sharing
agreements:
Commercial          $ 9,858,202    $ 9,628,631    $ 9,973,327    $ 229,571      $ (115,125   )
Construction          252,857        258,453        239,939        (5,596   )     12,918
Legacy [1]            384,217        465,848        648,409        (81,631  )     (264,192   )
Lease financing       540,523        538,014        548,706        2,509          (8,183     )
Mortgage              6,078,507      6,022,422      5,518,460      56,085         560,047
Consumer            3,868,886    3,840,485    3,673,755    28,401      195,131    
Total non-covered
loans               $ 20,983,192   $ 20,753,853   $ 20,602,596   $ 229,339      $ 380,596
held-in-portfolio
Loans covered
under FDIC loss     3,755,972    3,903,867    4,348,703    (147,895 )   (592,731   )
sharing
agreements
Total loans        $ 24,739,164  $ 24,657,720  $ 24,951,299  $ 81,444     $ (212,135   )
held-in-portfolio
Loans
held-for-sale:
Commercial          $ 16,047       $ 17,696       $ 25,730       $ (1,649   )   $ (9,683     )
Construction          78,140         88,030         236,045        (9,890   )     (157,905   )
Legacy [1]            2,080          3,107          468            (1,027   )     1,612
Mortgage            258,201      228,216      100,850      29,985      157,351    
Total loans         354,468      337,049      363,093      17,419      (8,625     )
held-for-sale
Total loans        $ 25,093,632  $ 24,994,769  $ 25,314,392  $ 98,863     $ (220,760   )

[1] The legacy portfolio is comprised of commercial loans, construction loans and lease
financings related to certain lending products exited by the Corporation as part of
restructuring efforts carried out in prior years at the BPNA reportable segment.
                                                                                
Deposits - Ending
Balances
                                                                 Variance
(In thousands)     31-Dec-12     30-Sep-12     31-Dec-11     Q4 2012 vs.   Q4 2012 vs. Q4
                                                                 Q3 2012        2011
Demand deposits     $ 6,442,739    $ 6,091,400    $ 6,256,530    $ 351,339      $ 186,209
[1]
Savings, NOW and
money market          11,190,335     11,046,595     10,762,869     143,740        427,466
deposits
(non-brokered)
Savings, NOW and
money market          456,830        455,309        212,688        1,521          244,142
deposits
(brokered)
Time deposits         6,541,660      6,614,153      7,552,434      (72,493  )     (1,010,774 )
(non-brokered)
Time deposits       2,369,049    2,112,042    3,157,606    257,007     (788,557   )
(brokered CDs)
Total deposits     $ 27,000,613  $ 26,319,499  $ 27,942,127  $ 681,114    $ (941,514   )
[1] Includes interest and non-interest demand bearing deposits.

Popular, Inc.
Financial Supplement to Fourth Quarter 2012 Earnings Release
Table H - Non-Performing Assets
(Unaudited)
                                                                                                  Variance
                                  As a                       As a                         As a
                                  percentage                 percentage                   percentage                  Q4 2012 vs.
(Dollars in                                                                                            Q4 2012 vs.    Q4
thousands)         31-Dec-12    of loans    30-Sep-12    of loans     31-Dec-11    of loans    Q3 2012      
                                  HIP by                     HIP by                       HIP by                      2011

                                  category                   category                     category
Non-accrual                                                                                                         
loans:
Commercial          $ 665,289     6.7        % $ 772,217     8.0        %   $ 830,092     8.3        % $ (106,928 )   $ (164,803 )
Construction          43,350      17.1           49,933      19.3             96,286      40.1           (6,583   )     (52,936  )
Legacy [1]            40,741      10.6           48,735      10.5             75,660      11.7           (7,994   )     (34,919  )
Lease financing       4,865       0.9            4,837       0.9              5,642       1.0            28             (777     )
Mortgage              630,130     10.4           632,052     10.5             686,502     12.4           (1,922   )     (56,372  )
Consumer            40,758     1.1          42,726     1.1           43,668     1.2          (1,968   )   (2,910   )
Total
non-performing
loans held-in-
portfolio,
excluding covered     1,425,133   6.8        %   1,550,500   7.5        %     1,737,850   8.4        %   (125,367 )     (312,717 )
loans
Non-performing
loans                 96,320                     108,886                      262,302                    (12,566  )     (165,982 )
held-for-sale [2]
Other real estate
owned (“OREO”),
excluding covered   266,844                252,024                 172,497                14,820      94,347   
OREO
Total
non-performing
assets,
excluding covered     1,788,297                  1,911,410                    2,172,649                  (123,113 )     (384,352 )
assets
Covered loans and   213,469                208,235                 192,771                5,234       20,698   
OREO
Total
non-performing     $ 2,001,766             $ 2,119,645              $ 2,365,420             $ (117,879 )  $ (363,654 )
assets
Accruing loans
past due 90 days   $ 388,712               $ 379,051                $ 316,614               $ 9,661      $ 72,098   
or more [3]
Ratios excluding
covered loans:
Non-performing
loans
held-in-portfolio
to loans              6.79        %              7.47        %                8.44        %
held-in-portfolio
Allowance for
loan losses to
loans
held-in-portfolio     2.96                       3.07                         3.35
Allowance for
loan losses to
non-performing
loans, excluding
held-for-sale       43.62                  41.04                   39.73                              
Ratios including
covered loans:
Non-performing
loans
held-in-portfolio
to loans              6.06        %              6.63        %                7.30        %
held-in-portfolio
Allowance for
loan losses to
loans
held-in-portfolio     2.95                       3.09                         3.27
Allowance for
loan losses to
non-performing      48.72                  46.61                   44.76                              
loans, excluding
held-for-sale
[1] The legacy portfolio is comprised of commercial loans, construction loans and lease financings related to certain lending
products exited by the Corporation as part of restructuring efforts carried out in prior years at the BPNA reportable segment.

[2] Non-performing loans held-for-sale as of December 31, 2012 consisted of $78 million in construction loans, $16 million in
commercial loans, $2 million in legacy loans and $53 thousand in mortgage loans (September 30, 2012 - $88 million in construction
loans, $18 million in commercial loans, $3 million in legacy loans and $53 thousand in mortgage loans; December 31, 2011 - $236
million in construction loans, $26 million in commercial loans, $468 thousand in legacy loans and $59 thousand in mortgage loans).

[3] It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or guaranteed by the VA as
accruing loans past due 90 days or more as opposed to nonperforming since the principal repayment is insured. These balances
include $86 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as
of December 31, 2012.

<t*Story too large*
Popular, Inc.
Financial Supplement to Fourth Quarter 2012 Earnings Release
Table I - Activity in Non-Performing Loans
(Unaudited)

Commercial loans held-in-portfolio:
                 Quarter ended                            Quarter ended
                   31-Dec-12                                30-Sep-12
(In thousands)    BPPR         BPNA         Popular,     BPPR         BPNA         Popular,
                                               Inc.                                      Inc.
Beginning          $ 612,781    $ 159,436    $ 772,217     $ 591,792    $ 176,148    $ 767,940
balance NPLs
Plus:
  New
  non-performing     40,585        16,601        57,186        95,836        32,395        128,231
  loans
  Advances on
  existing           -             163           163           -             525           525
  non-performing
  loans
  Other              -             -             -             1,139         -             1,139
Less:
  Non-performing
  loans              (14,694 )     (6,580  )     (21,274 )     (4,217  )     (10,558 )     (14,775 )
  transferred to
  OREO
  Non-performing
  loans              (45,682 )     (11,745 )     (57,427 )     (43,711 )     (9,261  )     (52,972 )
  charged-off
  Loans returned
  to accrual         (66,957 )     (13,645 )     (80,602 )     (28,058 )     (25,561 )     (53,619 )
  status / loan
  collections
  Loans
  transferred to     -             (1,674  )     (1,674  )     -             (4,252  )     (4,252  )
  held-for-sale


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