Group 1 - The earnings call for Popular, Inc. for the second quarter of 2025 is being conducted, with key executives present to discuss results and answer questions [2][3] - The management team includes President and CEO Javier Ferrer, CFO Jorge Garcia, and CRO Lidio Soriano, who will review the financial results [3] - Forward-looking statements regarding revenue, earnings, credit quality, expenses, taxes, and capital structure will be made during the call, reflecting management's current expectations [3][4]

Core Viewpoint - The comparison between Popular (BPOP) and Synovus Financial (SNV) indicates that BPOP presents a better value opportunity for investors at this time [1][3]. Valuation Metrics - BPOP has a forward P/E ratio of 11.01, while SNV has a forward P/E of 11.02 [5]. - BPOP's PEG ratio is 0.62, indicating a more favorable expected earnings growth rate compared to SNV's PEG ratio of 1.01 [5]. - BPOP's P/B ratio is 1.38, compared to SNV's P/B ratio of 1.62, suggesting BPOP is more undervalued relative to its book value [6]. Analyst Outlook - BPOP holds a Zacks Rank of 2 (Buy), indicating a more positive earnings estimate revision activity compared to SNV's Zacks Rank of 3 (Hold) [3][7]. - The stronger estimate revision activity for BPOP suggests an improving analyst outlook, making it a more attractive option for value investors [3][7]. Value Grades - BPOP has a Value grade of A, while SNV has a Value grade of C, further supporting the conclusion that BPOP is the superior investment choice at present [6].

Financial Data and Key Metrics Changes - The company reported net income of $210 million and EPS of $3.09 per share, an increase of $32 million and $0.53 per share respectively compared to the first quarter [6][14] - The return on tangible common equity improved to 13.3%, an increase of 190 basis points from the previous quarter [15][26] - Net interest income increased by $26 million to $632 million, driven by balance sheet growth and lower deposit costs [17][19] Business Line Data and Key Metrics Changes - Loan growth exceeded $900 million during the quarter, with significant contributions from commercial and construction lending [7][18] - Mortgage balances increased by $158 million, while auto loan and lease balances rose by $76 million [9] - Non-interest income was $168 million, an increase of $16 million compared to Q1, driven by higher transaction activity [22] Market Data and Key Metrics Changes - The unemployment rate in Puerto Rico remained low at 5.5%, with consumer spending showing resilience [8] - Combined credit and debit card sales for Banco Popular customers increased by approximately 4% compared to the same quarter last year [8] - The tourism sector is expected to benefit from significant events, contributing an estimated $200 million in local economic activity [10] Company Strategy and Development Direction - The company announced a new common stock repurchase program of up to $500 million and a 7% increase in its quarterly dividend [6] - Ongoing transformation efforts aim to enhance customer experiences, modernize technology, and drive sustainable growth [11][12] - The company is focused on maintaining its market position and promoting economic progress in Puerto Rico [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth opportunities in Puerto Rico, supported by federal disaster recovery funds [10][11] - The company expects to exceed a 12% return on tangible common equity for the full year, driven by strong credit quality and loan growth [16][28] - Credit quality metrics improved, with lower non-performing loans and charge-offs, indicating a strong risk profile [28][32] Other Important Information - Total operating expenses increased by $22 million to $493 million, with personnel costs being the largest contributor [23] - The company repurchased approximately $112 million in shares during the quarter [27] - Regulatory capital levels remain strong, with a CET ratio of 15.91% [26] Q&A Session Summary Question: Impact of stablecoins on Popular's business - Management is exploring potential use cases for stablecoins following the approval of the Genius Act, acknowledging its future impact on the industry [40][41] Question: Profit sharing accruals and revenue guidance - The profit sharing accrual is tied to exceeding budgeted net income by at least 3%, with expectations to reach the maximum cap based on performance [44][46] Question: Deposit competition and seasonality - Competition for commercial deposits is increasing, but the company is focused on deposit retention strategies [48][50] Question: Loan growth and federal stimulus - Management is seeing deployment of federal funds in Puerto Rico and expects more projects to be announced soon [70][71] Question: Fee income guidance - The company anticipates steady trends in fee income, with cyclical increases expected in the second and fourth quarters [72][74] Question: Capital and buybacks - Management is comfortable with the current pace of share buybacks, viewing the share price as attractive [75]

Financial Data and Key Metrics Changes - The company reported net income of $210 million and EPS of $3.09 per share, an increase of $32 million and $0.53 per share respectively compared to the first quarter [6][14] - The return on tangible common equity improved to 13.3%, an increase of 190 basis points from the previous quarter [14][15] - Net interest income increased by $26 million to $632 million, driven by balance sheet growth and lower deposit costs [16][19] Business Line Data and Key Metrics Changes - Loan growth exceeded $900 million during the quarter, with significant contributions from commercial and construction lending [7][18] - Mortgage balances increased by $158 million, while auto loan and lease balances rose by $76 million [9] - Non-interest income was $168 million, an increase of $16 million compared to Q1, driven by higher transaction activity [22] Market Data and Key Metrics Changes - The unemployment rate in Puerto Rico remained low at 5.5%, with consumer spending showing resilience [8] - Combined credit and debit card sales for Banco Popular customers increased by approximately 4% compared to the same quarter last year [8] - The tourism sector is expected to generate approximately $200 million in additional local economic activity due to a major concert event [9][10] Company Strategy and Development Direction - The company announced a new common stock repurchase program of up to $500 million and a 7% increase in its quarterly dividend to $0.75 per share, reflecting a strong capital position [6] - Ongoing transformation efforts aim to enhance customer experiences, modernize technology, and drive sustainable growth [11][12] - The company is focused on maintaining its market position and promoting economic progress in Puerto Rico [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in growth opportunities in Puerto Rico, supported by federal disaster recovery funds [10][11] - The company expects to exceed a 12% return on tangible common equity for the full year, driven by improved credit outlook and net interest income [15] - Credit quality metrics improved, with lower non-performing loans and charge-offs, indicating a strong risk profile [28][34] Other Important Information - Total operating expenses increased by $22 million to $493 million, with personnel costs being the largest contributor [23] - The company repurchased approximately $112 million in shares during the quarter, with $33 million remaining on the previous repurchase authorization [27] Q&A Session Summary Question: Impact of stablecoins on Popular's business - Management is exploring potential use cases for stablecoins following the approval of the Genius Act, acknowledging its future impact on the industry [40][41] Question: Profit sharing accruals and revenue guidance - The profit sharing accrual of $13 million is based on exceeding budgeted net income by at least 3%, with expectations to reach the maximum cap of $40 million if performance continues [43][44] Question: Deposit competition and seasonality - Management noted increased competition for commercial deposits but emphasized their focus on deposit retention strategies [47][49] Question: Loan growth and federal stimulus impact - The company is seeing deployment of federal funds in Puerto Rico and expects more projects to be announced soon [70][71] Question: Fee income guidance and trends - Management indicated that second and fourth quarters typically see higher transactional activity, with updated guidance reflecting steady trends [72][74] Question: Capital and buyback pace - The current pace of share buybacks is considered reasonable, with management finding the share price attractive [76]

Financial Performance - Net income for Q2 2025 was $210 million, an increase of $32 million compared to Q1 2025 and Q2 2024[8] - Net interest income increased by $26 million to $632 million[8, 24] - Earnings per share (EPS) increased by $053 to $309[8] - Return on average tangible common equity (ROTCE) was 1326%[8] Balance Sheet - Loans held in portfolio grew by $931 million or 25%[8, 10] - Total deposits increased by $14 billion or 21%[10] - Tangible book value per share increased by $339 to $7541[8, 10] - Total assets reached $76065 million[8] Credit Quality - Non-performing loans (NPLs) decreased by $2 million to $312 million[8, 10] - NPL ratio improved to 082% compared to 084% in Q1 2025[8, 10] - Net charge-off (NCO) ratio was 045% compared to 053% in Q1 2025[8, 10] Capital Actions - The company repurchased $1120 million in common stock at an average price of $9854 per share[10, 44] - A new common stock repurchase program of up to $500 million was announced[10, 44]

Exhibit 99.1 Popular, Inc. Announces Second Quarter 2025 Financial Results SAN JUAN, Puerto Rico – (BUSINESS WIRE) – Popular, Inc. (the "Corporation," "Popular," "we," "us," "our") (NASDAQ:BPOP) reported net income of $210.4 million for the quarter ended June 30, 2025, compared to net income of $177.5 million for the quarter ended March 31, 2025. "We delivered strong performance in the second quarter, highlighted by higher net interest income, an expanding net interest margin, healthy loan and deposit growt ...

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Core Insights - Princess Cruises has updated its Premier and Plus packages to enhance guest experience, reflecting customer feedback for more dining options and shore excursion credits [1][3] Pricing Updates - The new pricing for the Premier Package is $100 per person per day, up from $90, while the Plus Package is now $65 per person per day, increased from $60 [2] - For the new Sphere class ships, the Premier Package is priced at $105 per person per day and the Plus Package at $70 per person per day [2] Package Enhancements - The Premier Package now includes a new shore excursion credit based on voyage length: $100 for 6–9 days, $200 for 10–20 days, and up to $300 for voyages of 21+ days [6] - The Plus Package has been enhanced to include two additional casual dining meals per voyage, totaling four [6] Removal of Features - To accommodate the new enhancements, certain features with lower usage, such as premium desserts and fitness classes, will be removed from the packages [4]

Market Overview - The U.S. markets have experienced significant volatility, with sharp declines in early April due to trade tensions and new tariffs, followed by a recovery leading to record highs in July [1][3] - Despite the market rally, underlying tensions remain, including concerns about inflation, a weak labor market, and potential policy shifts [3] Nvidia - Nvidia is a leading player in the AI infrastructure boom, but analysts express concerns about its high valuation, predicting a 37% downside with a price target of $100 [4][10] - The company's revenue for the first quarter of fiscal 2026 reached $44.1 billion, a 69% year-over-year increase, with non-GAAP net income rising 31% to $19.9 billion [9] - Nvidia's valuation metrics are high, with a P/E ratio of 51.4 and a P/S multiple of 26.5, raising concerns about sustainability amid competitive pressures and potential export restrictions to China [10][11] Palantir - Palantir faces a bearish outlook with a 71% implied downside, as analysts express concerns about the sustainability of its growth trajectory and competition in the government sector [12][13] - The company's revenue increased 39% year-over-year in the first quarter, with U.S. revenue growing by 55% [14] - Palantir's valuation is notably high, trading at over 101 times revenue and approximately 584 times earnings, raising questions about its market position and potential overvaluation [17]

Core Viewpoint - Nvidia is recognized as a leading AI chip designer, with earnings reaching record levels due to the growing AI market, projected to reach trillions of dollars in the coming years [1] Group 1: Billionaire Investment Trends - Some billionaires have sold Nvidia recently, while others are favoring Amazon as a key AI player [2][5] - Billionaires such as Chase Coleman, Philippe Laffont, and Stephen Mandel Jr. have increased their positions in Amazon, indicating confidence in its AI growth potential [6][10] Group 2: Amazon's AI Strategy - Amazon is leveraging AI to enhance efficiency in its e-commerce and cloud computing businesses, which has contributed to lowering costs and improving profitability [7][10] - Amazon Web Services (AWS) is positioned as a leader in cloud computing, offering a wide range of AI products and services, with an annual revenue run rate of $117 billion attributed to its AI portfolio [8][9] Group 3: Investment Appeal - Amazon is seen as a suitable investment for a diverse range of investors, combining growth potential in AI with a strong historical performance and competitive advantages [10][11]