Exhibit 99.1

Popular, Inc. Announces First Quarter Financial Results

• Reports net loss of $ 120.3 million for the quarter ended March 31, 2013, reflecting a $180.6 million after-tax loss on bulk asset sale and valuation adjustments
• Adjusted net income of $60.3 million, excluding the effect of asset sale and valuation adjustments
• Completed sale of assets with book value of $509.0 million, of which $500.6 million were in non-performing status

• Significant progress in credit quality (metrics exclude covered loans):

Including the impact of the bulk sale:

• Non-performing assets declined by $565.2 million, or 32%, quarter over quarter;

• Non-performing loans held-in-portfolio declined by $374.5 million or 26% from Q4 2012, and decreased by 55% from Q3 2010 peak to reach lowest level since 2008;
• Inflows of non-performing loans held-in-portfolio, excluding consumer loans, declined by $60.3 million, or 25%, from Q4 2012;
• OREO decreased by $112.1 million, or 42%, quarter over quarter.

Excluding the impact of the bulk sale:

• Non-performing assets declined by $64.6 million, or 4%, quarter over quarter;
• Non-performing loans held-in-portfolio declined by $41.8 million from Q4 2012;
• Net charge-offs decreased by $19.5 million from Q4 2012; NCO ratio decreased to 1.55%, reaching lowest level since 2008.

• Net interest margin of 4.39% in Q1 2013, vs. 4.41% in Q4 2012
• Common Equity Tier 1 ratio of 12.36% and Tangible Book Value per Share of $31.21 at March 31, 2013; capital exceeds well-capitalized threshold by $1.7 billion

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--April 18, 2013--Popular, Inc. (the “Corporation” or “Popular”) (NASDAQ:BPOP) reported a net loss of $120.3 million for the quarter ended March 31, 2013, compared to net income of $83.9 million for the quarter ended December 31, 2012.

Mr. Richard L. Carrión, Chairman of the Board and Chief Executive Officer, said: “We delivered a good underlying performance in the quarter and two important transactions were completed in recent weeks. The non-performing asset sale, the successful IPO of EVERTEC and the continuing organic improvements in our credit quality build on our efforts to derisk our balance sheet, build capital and continue to drive value for our shareholders.”

Recent significant events

• On April 12, 2013 EVERTEC, Inc. (“EVERTEC” or the “Company”) completed an initial public offering (“IPO”) of 25.3 million shares, raising approximately $505.3 million. In connection with the IPO, EVERTEC sold 6.3 million of newly issued common stock in the offering and Apollo Global Management LLC (“Apollo”) and Popular respectively sold 10.2 million and 8.8 million shares of the Company retaining a stake of 33.6% and 33.5%, respectively. If the underwriters exercise their overallotment option in full, Popular and Apollo would own 33.5% and 28.8% of the outstanding common stock of EVERTEC, respectively.

Following the IPO, EVERTEC is refinancing all of its outstanding debt. As part of this refinancing, Popular will receive payment in full for its portion of the EVERTEC debt held by it. As a result of these transactions, Popular will recognize an after tax gain of approximately $169.4 million during the second quarter of 2013, comprised of the following:

• $130.4 million gain on the sale of its previously held EVERTEC common stock
• $45.9 million gain on its investment in EVERTEC resulting from the issuance of the new common stock by EVERTEC
• An estimated $4.2 million gain from the repayment of the debt
• An estimated $5.7 million from the accelerated payment of contractual consulting fees
• A loss of approximately $16.8 million from Popular’s proportionate share of EVERTEC’s debt prepayment penalty, consulting fees and other related costs

After the transaction, Popular’s investment in EVERTEC will have a book value of $74.9 million. Total cash proceeds received by Popular from the sale of the shares and repayment of the debt will be $254.3 million.

• On March 25, 2013, Banco Popular de Puerto Rico (“BPPR”) completed a sale of assets with a book value of $509.0 million, of which $500.6 million were in non-performing status, comprised of commercial and construction loans, and commercial and single-family real estate owned, with a combined unpaid principal balance on loans and appraised value of other real estate owned of approximately $987 million to a newly created joint venture. BPPR retained a 24.9% equity interest in the joint venture. BPPR provided seller financing for approximately $182.4 million to fund a portion of the purchase price and certain closing costs. In addition, BPPR provided financing of $65.0 million to cover cost-to-complete amounts and expenses of certain assets, as well as certain expenses of the purchasing entity. This transaction resulted in an after tax loss of $174.4 million.

The following table presents the results of operations for the quarter ended March 31, 2013, excluding the impact of the sale of non-performing assets and valuation adjustments.

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

Net interest income

Net interest margin for the first quarter of 2013 decreased 2 basis points to 4.39% when compared with the fourth quarter of 2012. Net interest income reached $345.3 million, a decrease of $5.0 million from the previous quarter. The main drivers of the decrease in net interest margin are:

• Nearly all of the nominal decrease in net interest income was due to the impact of having two fewer days in the first quarter of 2013 than in the fourth quarter of 2012 and the proportion of loans with interest accrued on actual/actual basis.
• Decrease of $3.5 million, or 2 basis points, in interest income on non-covered loans, primarily commercial loans in Puerto Rico, mainly due to fewer days.
• Decrease of $4.8 million in interest income on the covered loan portfolio. During the fourth quarter of 2012, the covered portfolio reflected higher nominal income mainly from the resolution of certain commercial loans in excess of their book value during that quarter. The yield on the covered commercial loan portfolio for the first quarter of 2013 was 8.31%, or 30 basis points higher than the fourth quarter of 2012, mainly as a result of higher expected cash flows which are reflected in the accretable yield and recognized over the life of the loans.
• Decrease of approximately $2.5 million, or 4 basis points, in interest expense on deposits, $0.9 million of which was due to fewer days in the first quarter of 2013 with the remaining improvement related to continuing progress in repricing the deposit base, which partially offset the decrease in interest income.

• Banco Popular de Puerto Rico’s (BPPR) net interest margin remained stable from the previous quarter at 5.18%. Net interest income amounted to $304.9 million for the quarter ended March 31, 2013, compared with $309.1 million for the previous quarter. The decrease was mainly related to the impact of fewer days on the commercial loans and the previously discussed effect of the covered loan portfolio. This decrease was partially offset by a 5 basis points reduction in the cost of interest-bearing deposits.
• Banco Popular North America (BPNA), our U.S. banking subsidiary that does business as Popular Community Bank, earned $68.0 million in net interest income for the quarter ended March 31, 2013, compared with $68.5 million in the previous quarter. The decrease in the net interest margin of 3 basis points to 3.48% was mainly caused by a decrease in the yield of commercial, mortgage and consumer loans, and of investment securities. This decrease was partially offset by a 2 basis points reduction in the cost of interest-bearing deposits.

The provision for loan losses for the first quarter of 2013 amounted to $223.9 million, an increase of $141.0 million versus the previous quarter, mainly related to the $148.8 million impact of the bulk loan sale. Excluding the impact of the sale, the provision for the first quarter of 2013 was $75.1 million, declining by $7.7 million from the fourth quarter of 2012.

• The provision for loan losses for the non-covered loan portfolio increased by $120.0 million from the fourth quarter of 2012, mainly due to the impact of the sale. Excluding the impact of the sale, the provision for the first quarter of 2013 was $57.5 million, decreasing by $28.8 million, reflecting improvements in credit quality, as underlying losses and NPLs continue to trend downwards at BPPR and BPNA.

• The provision for loan losses for non-covered loans at BPPR decreased by $22.6 million from the fourth quarter of 2012, excluding the impact of the sale.
• The provision for loan losses at BPNA decreased by $6.2 million from the fourth quarter of 2012.

• The provision for loan losses on the covered loan portfolio increased by $21.0 million from the previous quarter.

• The provision for loan losses for loans accounted under ASC 310-30 increased by $12.5 million from the fourth quarter of 2012, mostly due to certain commercial and construction loan pools, which reflected higher expected loss estimates for the first quarter of 2013. 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 increased by $8.5 million from the previous quarter, driven by a provision reversal of $5.0 million in the fourth quarter of 2012, which was primarily due to a reduction in the specific reserve of a particular commercial loan relationship.

Non-interest income

Non-interest income decreased by $115.4 million compared with the fourth quarter of 2012, driven primarily by the following items:

• A $79.2 million decrease in net gain on sale of loans. This decrease was principally driven by the loss of $61.4 million related to the bulk sale of non-performing commercial and construction loans, which includes unfavorable valuation adjustment on loans held-for-sale transferred to held-in-portfolio of approximately $8.8 million. Excluding the effect of the NPA sale, the gain on sale of loans declined by $17.8 million due to a securitization and higher loan sale activity recorded by BPPR’s mortgage division in the fourth quarter of 2012.
• An increase of $12.9 million in adjustments to the indemnity reserves on loans sold, mainly as a result of $10.7 million recorded in connection with the bulk sale of non-performing loans.
• A $35.6 million decrease in other operating income, principally due to $31.6 million of income recorded during the fourth quarter of 2012 related to the Corporation’s proportionate share of a tax benefit from a tax grant received by EVERTEC from the Puerto Rico Government.
• A decrease of $4.9 million in other service fees, mainly related to contingent insurance commissions which are typically recognized during the fourth quarter.

These increases were partially offset by:

• A decrease of $10.6 million in FDIC loss-share expense mainly due to higher mirror accounting on credit impairment losses. 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 $19.5 million versus the fourth quarter of 2012, driven primarily by:

• An increase of $45.7 million in other real estate owned (OREO) expenses, due mainly to the loss of $37.0 million incurred as a result of the bulk sale of commercial and single-family real estate owned and higher gain on sales of commercial OREOs at both BPPR and BPNA, which offset OREO expenses during the fourth quarter of 2012.

This increase was partially offset by:

• A decrease of $6.1 million in professional fees mainly due to lower attorney collection fees at BPPR and lower technology service fees.
• Lower FDIC deposit insurance expenses of $4.4 million, driven mainly by an incremental assessment credit of $6.2 million recognized during the first quarter of 2013 as a result of revisions in the deposit-insurance premium calculation and efficiencies achieved from the internal reorganization of Popular Mortgage into BPPR during the fourth quarter of 2012.
• A decrease of $9.3 million in other operating expenses due largely to lower provision for operational losses by $4.5 million, both in BPPR and BPNA, and lower other general operating expenses.

Excluding the impact of the bulk sale, operating expenses declined by $17.5 million.

Non-personnel credit-related costs, which include collections, appraisals, credit related fees, and OREO expenses, but excluding the impact of the transaction, amounted to $20.3 million for the first quarter of 2013, compared with $14.1 million for the fourth quarter of 2012. The increase was principally due to higher gain on sales of commercial OREOs at both BPPR and BPNA, which offset OREO expenses during the fourth quarter of 2012.

Full-time equivalent employees (“FTEs”) were 8,144 as of March 31, 2013, compared with 8,072 as of December 31, 2012, and 8,074 as of March 31, 2012. The increase of 72 FTEs from the fourth quarter of 2012, which includes some temporary personnel, is related to the addition of resources in the retail banking and individual credit divisions to supplement the demand in the mortgage business, as well as support for certain of the Corporation’s initiatives.

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

Income taxes

For the quarter ended March 31, 2013, the Corporation recorded an income tax benefit of $56.9 million, reflecting the net operating loss generated by the sale of non-performing assets, compared with an income tax expense of $19.9 million for the fourth quarter of 2012.

Credit Quality

The following table presents non-performing assets information and the effect that the bulk sale had on these balances.

Credit quality continues to improve as a result of key strategies implemented to reduce non-performing loans, as well as stabilizing economic conditions and improvements in the underlying quality of the loan portfolios.

• Non-performing loans (NPL) held-in-portfolio decreased by $374.5 million, or 26%, from the fourth quarter of 2012, and 55% from peak levels in the third quarter of 2010. This reduction reflects the impact of the sale of NPLs with book value of approximately $332.8 million. Excluding the impact of the bulk loan sale, NPLs decreased by $41.8 million.
• Inflows of NPLs held-in-portfolio, excluding consumer loans, decreased by $60.3 million, or 25%, from the previous quarter. This reduction was principally attributed to a decrease of $57.0 million in mortgage NPL inflows in Puerto Rico.

• OREO, excluding covered OREO, decreased by $112.1 million from the fourth quarter of 2012, primarily as a result of the sale of $58.6 million and $49.9 million in commercial and single family OREO, respectively, during the quarter.
• Net charge-offs for the first quarter were $244.5 million, or 4.66% of average non-covered loans held-in-portfolio on an annualized basis, compared with $100.9 million, or 1.94%, for the previous quarter. The bulk loan sale added $163.1 million in charge-offs at BPPR operations. Excluding the impact of the bulk loan sale, net charge-offs were $81.4 million or 1.55% of average non-covered loans-held-in portfolio, decreasing by $19.5 million from the fourth quarter of 2012. This decline was driven by improvements in the underlying credit performance. Refer to Table J for further information on net charge-offs and related ratios.
• The ratio of the allowance for loan losses to loans held-in-portfolio, excluding covered loans, stood at 2.70% as of March 31, 2013, compared with 2.96% as of December 31, 2012. The general and specific reserves related to non-covered loans totaled $459.8 million and $123.7 million, respectively, at quarter-end, compared with $510.6 million and $111.1 million, respectively, as of December 31, 2012. The decrease in the allowance for loan losses was primarily due to continued improvements in credit quality trends.

BPPR Segment

• The provision for loan losses for the non-covered loan portfolio increased by $126.2 million from the fourth quarter of 2012, mainly due to the incremental provision of $148.8 million as a result of the bulk loan sale. Excluding the impact of the sale, the provision for loan losses declined by $22.6 million to $55.5 million for the first quarter of 2013, due to positive trends in credit quality.
• Net charge-offs, excluding covered loans, increased by $147.5 million from the fourth quarter of 2012, principally related to incremental charge-offs of $163.1 million associated with the bulk loan sale. Excluding the impact of the sale, net charge-offs were $62.4 million or 1.64% of average non-covered loans-held-in portfolio on an annualized basis, decreasing by $15.6 million from the fourth quarter of 2012, primarily due to reductions in the commercial portfolio.
• Total NPLs held-in-portfolio, excluding covered loans, decreased by $354.0 million, or 30%, from the fourth quarter of 2012. The decrease in NPLs reflects both the impact of the sale and the reduction of $23.4 million in mortgage NPLs.
• Inflows of NPLs held-in-portfolio, excluding consumer loans, decreased by $52.1 million, or 25%, from the previous quarter. This reduction was principally driven by a decline of $57.0 million in mortgage NPL inflows, as a result of collection efforts greater economic stability and a benefit from the treatment of $23.6 million in purchase of impaired loans under ASC 310-30 in the first quarter.
• The allowance for loan losses for non-covered loans held-in-portfolio decreased by $21.3 million from the previous quarter. The allowance for loan losses as a percentage of non-covered loans held-in-portfolio decreased to 2.66% from 2.92% in the fourth quarter of 2012.
• The allowance for loans losses to non-performing loans for non-covered loans held-in-portfolio increased to 50.60% from 37.36% in the previous quarter. The increase is mostly driven by the effect of the NPL sale.

BPNA Segment

• The provision for loan losses in the first quarter of 2013 decreased by $6.2 million. The allowance for loan losses as a percentage of loans held-in-portfolio decreased to 2.80% from 3.07% in the fourth quarter of 2012. Sustained improvements in credit quality trends continue to drive the reductions in the provision and the allowance.
• Net charge-offs decreased by $3.9 million from the fourth quarter of 2012, mainly driven by improvements across most portfolios. The net charge-offs to average loans held-in-portfolio was 1.33% on an annualized basis, down from 1.60% in the previous quarter.
• Total non-performing loans held-in-portfolio decreased by $20.5 million from the fourth quarter of 2012, reflecting lower inflows to non-performing loans and loan resolutions. Total inflows of non-performing loans held-in-portfolio, excluding consumer loans, decreased by $8.2 million, or 24%, from the fourth quarter of 2012.

Total assets increased by approximately $435.2 million from December 31, 2012 driven by:

• A $61.6 million increase in cash and money market accounts due mainly to balances held with the Federal Reserve Bank
• A $237.0 million increase in securities available-for-sale, mainly due to purchase of agency collateralized mortgage obligations and obligations from U.S. Government sponsored entities
• A $650.6 million increase in non-covered loans held-in-portfolio mainly due to:

• an increase of $795.4 million in mortgage loans during the first quarter of 2013. The increase was driven by the purchase of mortgage loans, with an unpaid principal balance $860.3 million in Puerto Rico. These opportunistic purchases are part of the Corporation’s strategy to supplement origination volume and leverage the scale of our loan servicing platform; and
• an increase in construction loans of $18.6 million, mainly as a result of loans reclassified from the held-for-sale category amounting to $14.1 million, which were offset in part by $3.5 million in non-performing loans sold; offset by;
• a decrease in commercial loans of $107.8 million, mainly as a result of the bulk sale of non-performing assets, which reduced commercial loans by $337.6 million and loans charged-off or transferred to OREO of $49.5 million, offset by new loan originations, including the loan to the newly created joint venture which acquired the non-performing assets of $182.4 million; and
• a decrease in legacy loans of $31.7 million, as this portfolio continues its normal run-off.

• An increase in covered OREO of $33.3 million as the Corporation continues to resolve non-performing loans
• An increase in other assets of $81.7 million mainly due to the deferred tax asset related to the loss on the sale of non performing assets

These increases were partially offset by:

• A decrease in loans held-for-sale of $153.0 million as a result of the bulk sale of non-performing assets, which reduced construction and commercial loans held-for-sale by approximately $49.7 million and $9.7 million, respectively and the reclassification of the remaining balance of these loans to the held-for-investment portfolio and net outflows from secondary market transactions of the mortgage division

• The Loss-Sharing-Agreement (LSA) indemnification asset was reduced by $18.5 million during the quarter, mainly due to the amortization of the indemnification asset, reflecting reduced estimated losses on the covered portfolio, offset by credit impairment losses to be covered under the loss sharing agreement
• The covered loan portfolio balance decreased by approximately $393.5 million due to the resolution of a large relationship and the normal portfolio run-off
• Other real estate owned (“OREO”) non-covered decreased by approximately $112.1 million, mainly as a result of the bulk sale of non-performing assets during the quarter, which reduced OREOs by $108.5 million.

Total liabilities increased by $574.0 million from December 31, 2012, driven by:

• Increase in repurchase agreements of $248.9 million and other short-term borrowings of $315.0 million, mainly FHLB of NY advances, which were used in part to fund mortgage loan purchases and investment securities during the quarter.

Stockholders’ equity decreased by $138.9 million from December 31, 2012, mainly as a result of the net loss for the quarter and a decrease of $24.0 million in unrealized gains on securities available-for-sale. Refer to Table A for capital ratios and Table N for Non-GAAP reconciliations. Refer to Table C for the Statements of Financial 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, 2012, 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 37th 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, April 18, 2013 at 2:00 p.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 866-515-2909 or 617-399-5123. The conference code is 37994014.

A replay of the webcast will be archived in Popular’s website during the respective period. A telephone replay will be available from 4:00 p.m. on Thursday, April 18, 2013 to 11:59 p.m. on Thursday, April 25, 2013, at 888-286-8010 or 617-801-6888. The replay passcode is 24810804.

CONTACT:
Popular, Inc.
Investor Relations:
Carlos Vázquez, 787-756-3982
Chief Financial Officer, Senior Executive Vice President
or
Media Relations:
Teruca Rullán, 787-281-5170 or 917-679-3596/mobile
Senior Vice President, Corporate Communications