大众银行 2025年度报告

Washington, DC 20549 Form 11-K ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the fiscal year ended December 31, 2025 TRANSITION REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGEACT OF 1934 POPULAR, INC. U.S.A. 401 (K) SAVINGS AND INVESTMENT PLAN(Full title of the Plan and address of the Plan, if different from that of the issuer named below) POPULAR, INC.209 MUÑOZ RIVERA AVENUEHATO REY, PUERTO RICO 00918(Name of issuer of the securities held pursuant to the plan and the address of principal executive office) Popular, Inc. U.S.A. 401(k) Savings and Investment PlanFinancial Statements and Supplemental ScheduleDecember31, 2025 and 2024 Popular, Inc. U.S.A 401(k) Savings and Investment PlanFinancial Statements and Supplemental ScheduleIndex Report of Independent Registered Public Accounting Firm Financial Statements Supplemental Schedule Exhibit 23.1 – Consent of Independent Registered Public Accounting Firm Note:Other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting andDisclosure under the Employee Retirement Income Security Act of 1974 (“ERISA”) have been omitted because they are notapplicable or not required. Report of Independent Registered Public Accounting Firm To the Administrator and Plan Participants of Popular, Inc. U.S.A. 401(k) Savings and Investment Plan Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of Popular, Inc. U.S.A. 401(k) Savings andInvestment Plan (the “Plan”) as of December 31, 2025, and 2024 and the related statement of changes in net assets available forbenefits for the year ended December 31, 2025, including the related notes (collectively referred to as the “financial statements”). Inour opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of Basis for Opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’sfinancial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting OversightBoard (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require thatwe plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due toerror or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidenceregarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used Supplemental Information The supplemental Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2025 (''supplemental schedule'')has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplementalschedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplementalschedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performingprocedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on /s/ PricewaterhouseCoopers LLP San Juan, Puerto RicoJune 26, 2026 We have served as the Plan’s auditor since 1999. CERTIFIED PUBLIC ACCOUNTANTS(OF PUERTO RICO) Table of Contents Popular, Inc. U.S.A. 401(k) Savings and Investment PlanNotes to Financial StatementsDecember31, 2025 and 2024 1. Description of Plan The following description of the Popular, Inc. U.S.A. 401(k) Savings and Investment Plan (the “Plan”) provides only generalinformation. Participants should refer to the Plan Document for a more complete description of its provisions. Plan Description The Plan is sponsored by Popular, Inc. (the “Corporation'' or ''Plan Sponsor”). The Plan is a defined contribution plan covering anyUnited States (excluding Puerto Rico), United States Virgin Islands and British Virgin Islands employees of the Plan Sponsor whohave completed 30 days of service. The Plan provides the participants with the ability to invest in mutual funds, single group annuity Contributions Participants may make pre-tax contributions up to the maximum permitted amount based on IRS limitations (maximum $23,500 in2025 and $23,000 in 2024), as defined in the Plan documents. Participants direct the investment of Plan contributions into variousinvestment options offered by the Plan. Also, the Plan per