Exhibit 99.1

Popular, Inc. Announces Third Quarter Financial Results

• Reports net income of $62.6 million and adjusted net income of $90.5 million
• The continuing operations reflected a net income of $32.8 million and adjusted net income of $81.7 million
• The discontinued operations reflected a net income of $29.8 million and adjusted net income of $8.8 million
• Adjusted net interest margin of 4.64% in Q3 2014 vs. 4.68% in Q2 2014
• Credit Quality (excluding covered loans):
  • Non-performing loan inflows, excluding consumer loans, were down by $23.8 million, or 15.7%, from Q2 2014;
  • Non-performing loans held-in-portfolio (NPLs) decreased by $17.8 million, or 2.8% from Q2 2014; NPLs to loans ratio decreased to 3.2% from 3.3% in Q2 2014;
  • Net charge-offs (NCOs) were 0.83% of average loans held-in-portfolio vs. 0.94% in Q2 2014; NCOs declined $5.7 million quarter over quarter;
  • Allowance for loan losses of $521.7 million vs. $526.2 million in Q2 2014; Allowance for loan losses to loans held-in-portfolio at 2.69% vs. 2.68% in Q2 2014.
• Completed the sale of its Central Florida and Illinois regional operations
• Repaid TARP funds on July 2, 2014
• Common Equity Tier 1 ratio of 14.8% and Tangible Book Value per Share of $36.24 at September 30, 2014; capital exceeds well-capitalized minimum threshold by $2.2 billion.

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--October 22, 2014--Popular, Inc. (the “Corporation” or “Popular”) (NASDAQ:BPOP) reported a net income of $62.6 million and adjusted net income of $90.5 million for the quarter ended September 30, 2014, compared to net loss of $511.3 million and adjusted net income of $86.2 million for the quarter ended June 30, 2014.

Mr. Richard L. Carrión, Chairman of the Board and Chief Executive Officer, said: "In the third quarter Popular reached important milestones, such as the repayment of TARP and continued the restructuring of our U.S. operations, completing the sale of our Illinois and Central Florida operations. These accomplishments come in concert with another period of stable results and credit quality, reflecting our ability to operate successfully even under challenging conditions".

Significant events

• On July 2, 2014, the Corporation completed the repayment of TARP funds to the U.S. Treasury through the repurchase of $935 million of trust capital securities issued to the U.S. Treasury under the TARP Capital Purchase Program. The Corporation funded the repurchase through a combination of available cash and approximately $400 million from the proceeds of the issuance of its $450 million aggregate principal amount of 7% Senior Notes due on 2019 issued on July 1, 2014.

On July 23, 2014, the Corporation also completed the repurchase of the outstanding warrant initially issued to the U.S. Treasury under the TARP Capital Purchase Program in 2008. The warrant represented the right to purchase 2,093,284 shares of the Corporation’s common stock at an exercise price of $67 per share with an original term of 10 years. The Corporation and the U.S. Treasury agreed upon a repurchase price of $3.0 million for the warrant. With the completion of this transaction, the Corporation completed its exit from the TARP Capital Purchase Program.

In connection with the repayment of TARP on July 2, 2014, the Corporation accelerated the related amortization of the discount and deferred costs amounting to $414.1 million, which is reflected as part of interest expense in the consolidated statement of operations, during the second quarter of 2014.

• During the third quarter of 2014, the Corporation completed two of the previously announced sales of its regional operations in the U.S. The sales of its Central Florida and Illinois operations resulted in a net gain of $1.2 million and $24.6 million, respectively. The sale of the California region is expected to be completed before the end of the year.

The Corporation continues its strategy of centralizing certain back office operations in Puerto Rico and New York. The Corporation incurred $8.3 million in restructuring charges during the third quarter of 2014. Over the course of the fourth quarter of 2014 and early in 2015, an additional $41 million in restructuring charges are expected to be incurred, comprised of $22 million in severance and retention payments and $19 million in operational set-up costs and lease cancelations. Upon the completion of the regional sales and the centralization of operations in the first half of 2015, annual operating expenses are expected to decrease by approximately $40 million, after the reorganization is complete. This decrease in expenses is expected to offset the reduction in revenues that will result from the sale of the regional operations.

In connection with the restructuring of its U.S. mainland operations, the Corporation is also taking steps to restructure its balance sheet and funding strategies. As part of the strategy, during the third quarter of 2014, the Corporation sold approximately $94.2 million in securities available for sale and refinanced approximately $638 million in long term structured repos in the U.S. with a yield of 4.41% and replaced them with lower cost short-term repos of a similar amount. The fees associated with the refinancing of these repos were $39.7 million, of which $20.7 million were recorded as interest expense during the third quarter of 2014, with remainder to be recorded during the fourth quarter of 2014.

The Corporation also sold or entered into agreements to sell certain of its legacy and classified loans in the U.S. for an aggregate of approximately $220.7 million which resulted in a net loss of approximately $12.0 million in the quarter, which is reflected in the provision for loan losses.

• As previously disclosed, on July 31, 2013, BPPR filed a statement of claims with the American Arbitration Association requesting that the review board determine certain matters relating to the loss-share claims under its commercial loss share agreement with the FDIC. The statement of claim also included requests for reimbursement of certain valuation adjustments for discounts to appraised values, costs to sell troubled assets and other items. On October 17, 2014, BPPR and the FDIC settled the claims that had been submitted to the review board. The settlement provides for an agreed methodology for submitting claims for reimbursement of charge-offs for late stage real-estate-collateral-dependent loans. While the terms of the settlement could delay the timing of reimbursement of certain claims from the FDIC, the settlement is not expected to have a material adverse impact on BPPR’s current estimate of expected reimbursable losses for the covered portfolio through the end of the loss share agreement in the quarter ending June 30, 2015.
• On October 20, 2014, the Memorandum of Understanding (the “MOU”) entered into on July 2, 2011 between Popular, Inc., BPPR, the Federal Reserve Bank of New York (the””FRB-NY”) and the Office of the Commissioner of Financial Institutions of Puerto Rico was lifted. The MOU provided, among other things, for the Corporation to take steps to improve its credit risk management practices and asset quality, and for the Corporation to develop strategic plans to improve earnings and to develop capital plans. The MOU also required the Corporation to obtain approval from the applicable MOU counterparties prior to, among other things, declaring or paying dividends, purchasing or redeeming any shares of its stock, consummating acquisitions or mergers, or making any distributions on its trust preferred securities or subordinated debentures.

The decision to sell three of its U.S. regional operations resulted in the discontinuance of each of these respective operations. As required by US GAAP, current and prior periods presented in the consolidated statement of operations as well as financial information covering income and expense amounts presented in this earnings release has been retrospectively adjusted for the impact of the discontinued operations for comparative purposes. The consolidated statement of financial condition and related financial information for prior periods included in this earnings release do not reflect the reclassification of BPNA’s assets and liabilities to discontinued operations. Refer to Table P for a detail of the net loss, assets and liabilities from the discontinued operations. Also, refer to Table Q for details of the restructuring charges incurred during the quarter ended September 30, 2014.

The following table reflects the results of operations for the third quarter of 2014, with adjustments to exclude the impact of significant events.

Net interest income

For the quarter ended September 30, 2014, the Corporation had a net interest income of $326.4 million and an adjusted net interest income of $347.1 million, excluding the impact of the $20.7 million expense related to the refinancing of structured repos, compared to a net interest expense of $59.4 million for the previous quarter. Excluding the impact of the accelerated amortization of the discount and deferred costs of $414.1 million associated with the TARP trust preferred securities, net interest income was $354.7 million, for the second quarter of 2014. Net interest margin was 4.36% for the third quarter of 2014, compared to (0.77%) for the previous quarter. Adjusted net interest margin was 4.64%, compared to 4.68% for the second quarter of 2014. The main drivers of the adjusted decrease in the net interest income of $7.6 million, or four basis points, were:

• A decrease of $14.7 million, or one hundred and eighty eight basis points, in income from the covered loans portfolio, mainly related to the $7.6 million impact of a change in the estimated life of certain commercial loans resulting in an extension of the period in which the accretion of income will be recorded. Although the total estimated cash flows for the life of these loans increased, the nominal interest income was reduced for each reporting period, thus lowering the yield. Also, a loan resolution during the second quarter of 2014 resulted in a one-time benefit of approximately $4.9 million in that quarter. Refer to Table O for schedule of the accretable yield for covered loans accounted for under ASC 310-30.
• A decrease of $2.6 million, or six basis points, in income from commercial loans, due mainly to lower volume of loans at BPPR principally related to the repayment of certain government lines of credit, partially offset by the impact of one more day during the third quarter of 2014, compared to the previous quarter.
• A decrease of $12.9 million, or one hundred and forty three basis points, on interest expense on borrowings, mainly related to the lower yield on the 7% Senior Notes issued on July 1, 2014, to partially fund the repayment of TARP funds, as compared to the 16% yield on the TARP funds incurred during the previous quarter.

BPPR’s net interest margin was 5.25%, a decrease of twenty five basis points from the previous quarter. Net interest income amounted to $315.7 million for the quarter ended September 30, 2014, compared with $334.0 million for the previous quarter. The decrease in the net interest income was mainly due to the above mentioned decrease in interest income from covered loans and lower volume of commercial loans.

BPNA earned $26.4 million in net interest income for the quarter ended September 30, 2014. Excluding the impact of the repos refinancing, the net interest income was $47.1 million, compared with $48.7 million in the previous quarter. Net interest margin was 1.82% for the quarter. The adjusted net interest margin for the quarter was 3.23%, compared to 3.25% in the previous quarter. The decrease in net interest income was mostly the result of a lower volume of mortgage loans due to portfolio amortization and lower yield on commercial loans.

Non-interest income

Non-interest income was $124.3 million for the third quarter of 2014, an increase of $61.5 million when compared with the second quarter. The FDIC indemnity asset amortization for the third quarter of 2014 included a benefit of approximately $15.0 million to reverse the impact of accelerated amortization expense recorded in prior periods. This amount will be recognized as expense over the remaining portion of the Loss Sharing Agreement that expires in the quarter ending June 30, 2015. Excluding this impact, non-interest income increased by $46.5 million compared to the second quarter of 2014, driven primarily by the following items:

• Lower FDIC loss-share expense by $35.4 million, driven by lower amortization of the indemnification asset by $29.6 million due to the impact of the reduction in expected losses of $102.9 million during the second quarter of 2014 which resulted in a significant increase in the amortization during such quarter; higher mirror accounting on reimbursable expenses by $4.5 million due to higher OREO expenses, including write-downs and sales of covered OREO properties, and a positive variance in the fair value adjustment of the true-up payment obligation. See additional details about covered portfolio and FDIC indemnity asset in Table O.
• Higher mortgage banking activities income by $10.6 million due to lower realized losses of $5.7 million on closed derivatives positions and lower unfavorable valuation adjustments on mortgage servicing rights of $5.2 million at the BPPR segment. Refer to Table F for details of mortgage banking activities.
• Higher net gain on sale of loans, including valuation adjustments on loans held-for-sale by $5.9 million due to commercial NPL’s sales at BPPR and BPNA segments, as part of workout activities.

These positive variances were partially offset by:

• Higher provision for loans sold with credit recourse by $2.0 million.
• Lower other service fees by $1.6 million mostly due to lower sale and administration fees at the broker dealer business due to lower transaction volumes in the third quarter. Refer to Table F for a breakdown of other service fees.
• Net losses on investment securities by $1.8 million due to the sale of securities available for sale at BPNA segment.

Refer to Table B for further details.

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

Operating expenses

Operating expenses increased by $35.2 million when compared with the second quarter of 2014. Excluding the impact of the significant events related to the BPNA reorganization, operating expenses increased by $31.5 million compared to the second quarter of 2014, driven primarily by:

• Higher other real estate owned (OREO) expenses by $16.3 million, mainly due to higher losses on sales of OREOs at BPPR by $5.6 million largely related to several auctions of OREO properties as part of the Corporation’s resolution strategies, higher write-downs on mortgage and commercial properties, and an increase in property tax payments.
• Higher other operating expenses by $9.9 million, due to higher provision for unused commitments in BPPR by $5.5 million mainly for credit cards and higher sundry reserve expense that had benefited from reserve release in Q2 mainly at BPNA.
• Higher personnel cost by $5.4 million, mainly due to higher salaries as a result of accrued salaries for additional work hours, incentives, and medical insurance related expenses during the quarter.
• Higher other operating taxes by $1.8 million, mainly due to higher personal property tax.

These increases were partially offset by:

• Lower business promotion expense by $3.0 million, mainly due to lower fees from advertising agencies due to seasonality of marketing campaigns.

Non-personnel credit-related costs, which include collections, appraisals, credit related fees, and OREO expenses, amounted to $25.8 million for the third quarter of 2014, compared with $10.1 million for the second quarter of 2014. The increase was principally due to higher losses on sales of OREO’s and higher write-downs on mortgage and commercial properties at BPPR, discussed above.

Full-time equivalent employees (“FTEs”), including discontinued operations, were 7,848 as of September 30, 2014, compared with 8,032 as of June 30, 2014, and 8,094 as of September 30, 2013.

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

Income taxes

Income tax expense amounted to $26.7 million for the third quarter of 2014, compared to a benefit of $4.1 million for the previous quarter.

On July 1, 2014, the Government of Puerto Rico approved an amendment to the Internal Revenue Code, which, among other things, changed the income tax rate for capital gains from 15% to 20%. As a result, the Corporation recognized an income tax expense of approximately $20.0 million during the third quarter of 2014, mainly related to the deferred tax liability associated with the portfolio acquired from Westernbank. On an adjusted basis, the income tax provision amounted to $3.6 million, compared to $10.4 million for the previous quarter.

During the third quarter of 2014, the Corporation recorded a favorable adjustment of approximately $6.1 million in connection with filing its tax returns for the year 2013. Also, the Corporation reversed approximately $3.6 million of reserves for uncertain tax positions due to the expiration of the statute of limitations in the Puerto Rico operations. Excluding these adjustments, the adjusted income tax expense would have been $13.3 million, for an effective tax rate of approximately 16% on the adjusted pre-tax income.

Credit Quality

The following table presents non-performing assets information:

Credit Quality

The Corporation’s asset quality generally continued to improve during the third quarter of 2014, as evidenced by declines in both non-performing loans (“NPLs”) and net charge-offs (“NCOs”). The BPNA segment continued to reflect strong credit quality led by the improved risk profile of its loan portfolios, further strengthened by the divesture and reclassification to discontinued operations of its regional operations in California, Illinois and Central Florida as well as certain legacy and classified assets. In the BPPR segment, stable trends continued during the quarter, but the Corporation continues to monitor potential risks associated with Puerto Rico’s economic and fiscal conditions.

The following presents credit quality performance for the third quarter of 2014 for the Corporation’s non-covered portfolios. Unless otherwise noted, all credit metrics for the third quarter of 2014 are from continuing operations.

• Inflows of NPLs held-in-portfolio, excluding consumer loans, decreased by $23.8 million, or 15.7%, from the previous quarter, mainly driven by improvements in the BPPR and BPNA segments of $17.5 million and $6.3 million, respectively.
• Non-performing loans held-in-portfolio decreased by $17.8 million, or 2.8%, during the quarter ended September 30, 2014, mainly driven by a $36.2 million decline in the BPNA segment. The decline in the BPNA segment was mostly related to loans sold or transferred to held-for-sale as part of the US operations reorganization, which includes the sale of certain classified and legacy loans and to commercial NPL resolutions. This reduction was in part offset by an increase of $18.4 million in the BPPR segment, mostly driven by higher mortgage NPLs. At September 30, 2014, NPLs represented 3.2% of total loans held-in-portfolio, compared to 3.3% at June 30, 2014.
• Excluding the $32.3 million write-down related to the U.S. legacy and classified bulk loan sales of approximately $220.7 million, net charge-offs for the third quarter of 2014 totaled $40.5 million, or an annualized 0.83% of average non-covered loans held-in-portfolio, compared to $46.2 million, or 0.94%, in the second quarter of 2014. The decrease of $5.7 million was primarily driven by a $4.7 million decline in the BPPR segment, mostly due to higher commercial recoveries. Refer to Table J for further information on net charge-offs and related ratios.
• The allowance for loan losses decreased by $4.6 million from the second quarter of 2014, mainly driven by a $27.7 million reduction release in BPNA, prompted primarily by the aforementioned write-downs due to the reclassification to loans held-for-sale of certain portfolios, and continued improvements in the BPNA’s loan portfolio risk profile. This reduction was in part offset by a $23.2 million allowance increase in the BPPR segment driven by qualitative factors adjustments, which reflect challenging macroeconomic conditions in Puerto Rico. The general and specific reserves related to non-covered loans totaled $389.7 million and $132.0 million, respectively, at quarter-end, compared with $405.2 million and $121.0 million, respectively, as of June 30, 2014. The ratio of the allowance for loan losses to loans held-in-portfolio stood at 2.69% in the third quarter of 2014, compared to 2.68% in the previous quarter.
• The provision for loan losses for the third quarter of 2014 totaled $68.2 million, increasing by $18.1 million from the second quarter of 2014. This increase reflects a $12.0 million impact related to the above mentioned bulk sales and transfer of certain BPNA loans to held-for-sale, as these loans required a $32.3 million write-down and carried $20.3 million in reserves. Excluding the effect of the loans sales and transfers to held-for-sale, the provision for the third quarter amounted to $56.2 million, an increase of $6.1 million compared with the previous quarter.

BPPR Segment

• Inflows of NPLs held-in-portfolio, excluding consumer loans, decreased by $17.5 million, or 12.9%, from the second quarter of 2014, reflective of lower commercial and mortgage inflows of $6.7 million and $9.9 million, respectively.
• Total NPLs held-in-portfolio increased by $18.4 million from the second quarter of 2014, mainly driven by higher mortgage and consumer NPLs of $21.1 million and $8.5 million, respectively, partially offset by lower commercial NPLs of $9.1 million. Consumer NPL increase was mostly due to the reclassification from the mortgage portfolio of approximately $6.8 million in home equity loans. Sequentially, both the commercial and consumer portfolios showed stable credit quality trends, while mortgage NPLs continued to increase. At September 30, 2014, NPLs represented 3.7% of total loans held-in-portfolio, compared to 3.6% in the second quarter.
• Net charge-offs were $38.7 million, decreasing by $4.7 million from the second quarter of 2014, primarily reflecting a reduction of $8.3 million in the commercial NCOs largely stemming from higher recoveries, coupled with lower losses, offset by higher residential mortgage NCOs of $3.4 million. The ratio of net charge-offs to average loans held-in-portfolio decreased to 0.98% on an annualized basis from 1.09% in the previous quarter.
• The allowance for loan losses increased by $23.2 million from the second quarter of 2014. Consistent with prior quarters, the increase in the allowance was mainly prompted by qualitative factors adjustments, reflective of the challenging macroeconomic conditions that persist in Puerto Rico. The allowance for loan losses as a percentage of loans held-in-portfolio increased to 3.09% from 2.94% in the second quarter of 2014.
• The provision for loan losses for the third quarter of 2014 amounted to $61.9 million, decreasing by $13.0 million from the previous quarter. This decrease was predominantly driven by lower net charge-offs during the third quarter of 2014.

BPNA Segment

• Total NPLs held-in-portfolio decreased by $36.2 million, or 54.9%, from the second quarter of 2014. This decrease was primarily driven by a reduction in mortgage and consumer NPLs of $12.3 million and $4.6 million, respectively, mainly as a result of the previously mentioned legacy and classified bulk loan sales for an aggregate of approximately $220.7 million, and a $16.7 million reduction in commercial NPLs mostly due to loan resolutions. Total inflows of non-performing loans held-in-portfolio, excluding consumer loans, decreased by $6.3 million, or 40.1%, from the second quarter of 2014. At September 30, 2014, NPLs represented 0.84% of total loans held-in-portfolio, compared to 1.7% in the second quarter.
• Excluding the $32.3 million write-down related to US classified and legacy assets, net charge-offs amounted to $1.8 million, essentially flat from the previous quarter of 2014. The ratio of net charge-offs to average loans held-in-portfolio was 19 basis points on an annualized basis, compared to 30 basis points in the previous quarter.
• The allowance for loan losses decreased by $27.7 million from the second quarter of 2014, primarily reflective of a $20.3 million write-down associated with the loans sold or transferred to loans held-for- sale, and continuous credit quality improvements. The allowance for loan losses as a percentage of loans held-in-portfolio decreased to 0.91% from 1.59% in the previous quarter.
• The provision for loan losses in the third quarter of 2014 amounted to $6.3 million, compared to a provision release of $24.8 million in the second quarter. Excluding the effect of the classified and legacy assets transactions, the provision for the third quarter amounted to a provision release of $5.7 million.

Total assets decreased by $2.5 billion from the second quarter of 2014, driven by:

• A decrease of $699.3 million in assets from discontinued operations as the Corporation completed the sales of the Central Florida and Illinois regional operations. Refer to Table P.
• A decrease of $657.5 million in other assets due to the reduction of trade receivables of $441.6 million, net of transaction costs, recorded during the second quarter in connection with the issuance of the 7% Senior Notes used to partially fund the repayment of TARP funds, and the sale of the Corporation’s Bank Owned Life Insurance assets at BPNA, which had a balance of approximately $230.6 million as of the end of the second quarter.
• A decrease of $613.8 million in money market investments as the Corporation had built up liquidity at the end of the second quarter in anticipation of the repayment of TARP funds and the impact of the U.S. regional sales.
• A decrease of $200.5 million in trading account securities due to sales of mortgage backed securities at BPPR.
• A decrease of $275.6 million in non-covered loans held-in-portfolio, mainly at BPNA, due to the bulk sales and reclassification of loans held for sale of classified and legacy mortgage and commercial loans for an aggregate of approximately $220.7 million.
• The covered loan portfolio decreased by $81.8 million due to the continuation of loan resolutions and the normal portfolio run-off.
• A decrease of $70.5 million in FDIC loss share asset mainly due to collections and the amortization of the asset, as detailed in Table O.

These decreases were partially offset by:

• An increase in loans held for sale of $81.0 million, mainly at BPNA due to the reclassification of $105.0 million of commercial and residential mortgage loans related to definitive agreements for bulk sales of loans to be completed during the fourth quarter of 2014.
• An increase in investment securities available for sale of $73.8 million due to the purchase of US Treasuries at the BPPR segment, offset in part by sales of mortgage backed securities and CMOs at the BPNA segment.

Total liabilities decreased by $2.5 billion from the second quarter of 2014, driven by:

• A decrease of $973.0 million in liabilities from discontinued operations as the corporation completed the sales of the Central Florida and Illinois regional operations. Refer to Table P.
• A decrease of $636.5 million in notes payable due to the repayment of TARP Capital Purchase Program funds to the U.S. Treasury Department of $935 million, partially offset by an increase of $300.0 million in Advances from the Federal Home Loan Bank of NY.
• A decrease of $424.0 million in federal funds purchased and assets sold under agreements to repurchase mainly due to a reduction of $250.0 million of federal funds purchased by BPPR, and net decreases in assets sold under agreements to repurchase of $174.0 million.
• A decrease of $435.0 million in total deposits, mainly due to a reduction of $268.3 million in higher cost and brokered deposits at BPNA and a reduction of $156.8 million at BPPR, mainly due to non-interest bearing deposits in trust received near the end of the second quarter to repay principal and interest of government bond issuances. Refer to Table G for the composition of deposits.

Stockholders’ equity increased by $37.9 million from the second quarter of 2014, mainly as a result of the net income for the quarter of $62.6 million, partially offset by an increase of $19.8 million in net unrealized loss on investment securities available-for-sale. Refer to Table G for capital ratios.

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 and the impact of proposed capital standards on our capital ratios; (v) the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act on our businesses, business practices and cost of operations; (vi) regulatory approvals that may be necessary to undertake certain actions or consummate strategic transactions such as acquisitions and dispositions; (vii) 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; (viii) the performance of the stock and bond markets; (ix) competition in the financial services industry; (x) additional Federal Deposit Insurance Corporation assessments; and (xi) possible legislative, tax or regulatory changes. 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, 2013, 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 among the top 50 U.S. banks by assets. In the United States, Popular has established a community-banking franchise providing a broad range of financial services and products with branches in New York, New Jersey, 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 Wednesday, October 22, 2014 at 10:30 a.m. Eastern Standard 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 1-866-235-1201 or 1-412-902-4127.

A replay of the webcast will be archived in Popular’s website. A telephone replay will be available one hour after the end of the conference call through Thursday, October 30, 2014. The replay dial in is 1-877-344-7529 or 1-412-317-0088. The replay passcode is 10052964.

CONTACT:
Popular, Inc.
Investor Relations:
Brett Scheiner, 212-417-6721
Investor Relations Officer
or
Media Relations:
Teruca Rullán, 787-281-5170
Mobile: 917-679-3596
Senior Vice President, Corporate Communications