Exhibit 99.1

Popular, Inc. Announces Second Quarter Financial Results

• Reports net income of $597.5 million for the quarter, reflecting the impact of the partial reversal of the valuation allowance of the deferred tax asset from its U.S. operations of $544.9 million
• Adjusted net income of $90.1 million, compared to an adjusted net income of $90.3 million for the previous quarter
• Net interest margin of 4.54% in Q2 2015 vs. 4.57% in Q1 2015
• Credit Quality (excluding covered loans):
  • Non-performing loans held-in-portfolio (NPLs) decreased by $89.0 million from Q1 2015; NPL’s to loans ratio at 2.6% vs. 3.2% in Q1 2015;
  • Net charge-offs (NCOs) were 0.89% of average loans held-in-portfolio vs. 0.72% in Q1 2015; NCOs increased by $10.6 million quarter over quarter;
  • Allowance for loan losses of $512.7 million vs. $516.2 million in Q1 2015; Allowance for loan losses to loans held-in-portfolio at 2.29% vs. 2.46% in Q1 2015;
  • Allowance for loan losses to NPLs at 89.02% vs. 77.63% in Q1 2015.
• Common Equity Tier 1 ratio of 15.61% and Tangible Book Value per Share of $41.75 at June 30, 2015

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--July 24, 2015--Popular, Inc. (the “Corporation” or “Popular”) (NASDAQ:BPOP) reported net income of $597.5 million and adjusted net income of $90.1 million for the quarter ended June 30, 2015, compared to net income of $74.8 million and an adjusted net income of $90.3 million for the quarter ended March 31, 2015.

Mr. Richard L. Carrión, Chairman of the Board and Chief Executive Officer, said, "Despite a difficult operating environment in our home market, we are pleased to report stable credit metrics and earnings results. We are also encouraged by recent organic growth in our US business as well as the successful integration of the Doral transactions and the continued strength of our Puerto Rico franchise."

Significant Events

• During the quarter ended June 30, 2015, the Corporation recorded a partial reversal of the valuation allowance on its deferred tax assets from its U.S. operations for approximately $544.9 million. The Corporation has concluded that it is more likely than not that a portion of the total of $1.2 billion on deferred tax assets at the U.S. operations, comprised mainly of net operating losses (“NOLs”) will be realized. The Corporation based its determination on its estimated earnings for the remaining carryforward period – eighteen years beginning with the 2016 fiscal year – available to utilize the deferred tax asset to reduce its income tax obligations.

The increase in the net deferred tax asset did not have a material impact on regulatory capital. However, it increased the tangible book value per common share by $5.27.

• The shared-loss arrangement under the commercial loss share agreement with the FDIC related to the loans acquired from Westernbank as part of the FDIC assisted transaction in 2010 expired on June 30, 2015. Accordingly, approximately $1.5 billion in loans and $15.3 million in OREOs have been reclassified as “non-covered” in the accompanying statement of financial condition as of June 30, 2015, because they are no longer subject to the shared-loss payments by the FDIC. However, included in these balances are approximately $248.7 million of loans that are subject to the resolution of several arbitration proceedings currently ongoing with the FDIC related primarily to (i) the FDIC’s denial of reimbursements for certain charge-offs claimed by BPPR with respect to certain loans and the treatment of those loans as “shared-loss assets” under the commercial loss share agreement; and (ii) the denial by the FDIC of portfolio sale proposals submitted by BPPR pursuant to the applicable commercial shared loss agreement provision governing portfolio sales. Until the disputes described above are finally resolved, the terms of the commercial loss share agreement will remain in effect with respect to any such items under dispute. As of June 30, 2015, losses amounting to $141.3 million related to these assets are reflected in the FDIC indemnification asset as a receivable from the FDIC.
• During the second quarter of 2015, BPPR completed the acquisition of mortgage servicing rights on three pools of residential mortgage loans serviced for Ginnie Mae, Fannie Mae and Freddie Mac, with an unpaid principal balance of approximately $5.0 billion, from the FDIC as a receiver for Doral Bank, together with the acquisition of certain assets and all deposits (other than certain brokered deposits) from Doral Bank on February 27, 2015, (the “Doral Acquisition”). The aggregate purchase price for the mortgage servicing rights and related servicing advances was approximately $56.2 million.

The following tables reflect the results of operations for the second and first quarters of 2015, with adjustments to exclude the impact of significant events.

Net interest income

• For the quarter ended June 30, 2015, the Corporation had net interest income of $362.6 million, compared to net interest income of $343.2 million for the previous quarter. The net interest margin was 4.54%, slightly lower compared to the previous quarter’s net interest margin of 4.57%. The investment portfolio’s asset mix and increase in low rate overnight investments drove the lower net interest margin for the quarter. The impact of having one more day in the quarter ended June 30, 2015 resulted in an increase of approximately $2.5 million in net interest income when compared to the previous quarter.
• The Doral Acquisition added approximately $27.1 million in net interest income for the second quarter of 2015, compared to $9.8 million for the previous quarter, an increase that resulted from a full quarter of activity versus one month in the first quarter following the acquisition. This portfolio contributed an approximate 9 basis points to the Corporation’s overall margin in the quarter primarily driven by $1.8 billion in average earning assets with a yield of 6.40%.

The increase of $19.4 million in the net interest income is mainly related to:

• An increase in income from mortgage loans of $7.5 million, or 11 basis points, mostly due to higher average volume from the Doral Acquisition and higher yields mainly in the PR segment.
• An increase in income from commercial loans of $7.1 million, or 5 basis points, due mainly to higher average volume and yields from loans from the Doral Acquisition and loan growth reflected at the BPNA segment.
• Higher interest income from construction loans by $4.1 million, or 35 basis points, due to higher average volume related to loans from the Doral Acquisition in the U.S.

These positive variances in net interest income were offset in part by:

• A decrease of $2.1 million, or 30 basis points, of income from covered loans due to a lower volume of loans as part of the normal portfolio run-off, partially offset by higher yields reflecting the impact of the quarterly recast process. Refer to Table O for a schedule of the accretable yield for covered loans accounted for under ASC 310-30.

BPPR’s net interest income amounted to $316.1 million for the quarter ended June 30, 2015, compared with $306.6 million for the previous quarter. The increase in net interest income was mainly due to higher average volume of interest earning assets from the Doral Acquisition, an increase in mortgage backed securities and higher yields on mortgage loans. This increase was partially offset by lower income from covered loans as part of the portfolio run-off. Net interest margin for the quarter was 4.92%, a decrease of 8 basis points from the previous quarter. The decline in yield was attributed to lower yields mostly related to the investment portfolio’s asset mix. Cost of interest bearing deposits in Puerto Rico was relatively flat at 52 basis points.

BPNA’s net interest income was $61.9 million, compared with $52.1 million for the previous quarter. The increase in the net interest income is mainly driven by commercial and construction loan origination as well as the impact of the Doral Acquisition. The contribution from the Doral Acquisition to BPNA’s net interest income was $14.6 million. Net interest margin was 4.03%, compared to 3.82% for the previous quarter, an increase of 21 basis points mostly due to a lower cost of interest bearing deposits by 11 basis points and higher yield from commercial loans.

Non-interest income

Non-interest income was $140.8 million for the second quarter of 2015, an increase of $25.5 million when compared with the first quarter of 2015. Excluding the impact of the significant events detailed in the Adjusted Results (Non-GAAP) tables above, non-interest income increased by $33.5 million when compared to the first quarter of 2015, driven primarily by the following:

• Higher mortgage banking activities income by $8.5 million mainly due to higher mortgage servicing fees by $2.4 million, a favorable variance in the valuation adjustment on mortgage servicing rights of $3.0 million, and a favorable variance of $2.3 million in the realized gains of closed derivatives positions at the BPPR segment. Refer to Table F for additional details on mortgage banking activities.
• Higher other service fees by $5.8 million mostly due to higher insurance revenues driven by an increase in contingent fees, renewals and business production, as well as the acquisition of the Doral Insurance Agency portfolio during the second quarter of 2015 as part of a separate bidding process, after Doral Financial Corporation filed for bankruptcy. Higher credit card fees due to a higher volume of transactions at the BPPR segment also contributed to the improvement. Refer to Table F for a breakdown of other service fees.
• Favorable variance in adjustments to indemnity reserves by $4.9 million mostly due to lower provision for recourse and representations and warranties reserves for loans previously sold.
• Favorable variance in the FDIC loss-share expense by $8.3 million, excluding the impact of $17.6 million in mirror accounting for reimbursable expenses related to the bulk sale of OREO and the $10.9 million adjustment to the FDIC indemnification asset, driven by lower amortization of the indemnification asset by $7.1 million. See additional details about covered portfolio and FDIC indemnity asset in Table O.
• Positive variance in other operating income by $7.6 million mainly due to higher aggregated net earnings from investments accounted under the equity method by $5.2 million and a contingent payment adjustment of $1.2 million related to the sale of a portfolio of the Popular’s Insurance Agency business to a third party during the second quarter of 2012.

The results for the second quarter of 2015 include an other than temporary impairment charge on its portfolio of Puerto Rico government investment securities available-for-sale of $14.4 million. These securities had an amortized cost of approximately $41.1 million and a market value of $26.6 million. Based on the fiscal and economic situation in Puerto Rico, together with the government’s recent announcements regarding its ability to pay its debt, the Corporation determined that the unrealized loss, a portion of which had been in an unrealized loss for a period exceeding twelve months, was other than temporary.

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 $50.8 million when compared with the first quarter of 2015. Excluding the impact of the significant events detailed in the Adjusted Results (Non-GAAP) tables above, operating expenses increased by $30.8 million compared to the first quarter of 2015, driven primarily by:

• Higher other operating expenses by $12.3 million, mainly due to property tax payments at BPPR by $6.0 million, most of which was related to loss sharing expenses reimbursable by the FDIC. These payments were made under a general amnesty provision provided by the government. Also, there was a higher provision for unused commitments at BPPR by $3.5 million.
• Higher professional fees by $5.0 million, mainly due to legal expenses related to the FDIC arbitration proceedings and higher appraisal and collection expenses for the covered loans portfolio.
• Higher personnel cost by $3.1 million, mainly due to an increase in share based compensation by $5.6 million attributed to the accounting treatment of awards granted during the quarter, higher incentive at BPNA and a full quarter’s expenses of the Doral Acquisition’s retained employees; partially offset by a decrease in the reserve for hospital and life insurance at BPPR.
• Higher business promotion by $2.6 million, mainly due to higher advertising and credit cards reward program expense at BPPR.
• Higher equipment expenses by $1.8 million, mainly due to higher software maintenance expense at BPPR.
• Higher other operating taxes by $2.5 million, mainly due to higher municipal tax, attributed to the prior quarter's release of reserves for settled tax disputes.
• Higher FDIC deposit insurance by $2.1 million, mainly due to higher asset balances and composition attributed in part to the Doral Acquisition.

Non-personnel credit-related costs, which include collections, appraisals, credit related fees, and OREO expenses, amounted to $52.5 million for the second quarter of 2015, compared with $29.0 million for the first quarter of 2015. The increase was principally due to the loss on the bulk sale of covered OREO at BPPR. Excluding the impact on the sale, the increase of $1.6 million was mainly due to write-downs of OREO.

Full-time equivalent employees, including discontinued operations, were 7,980 as of June 30, 2015, compared with 8,203 as of March 31, 2015, and 8,032 as of June 30, 2014.

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

Income taxes

For the quarter ended June 30, 2015, the Corporation recorded an income tax benefit of $533.5 million, compared to an income tax expense of $32.6 million for the previous quarter. On an adjusted basis, the income tax expense for the second quarter of 2015 was of $21.5 million, compared to $35.5 million for the previous quarter.

During the quarter ended June 30, 2015, the Corporation recorded a partial reversal of the valuation allowance on its deferred tax assets from the U.S. operations for approximately $544.9 million. The Corporation concluded that it is more likely than not that a portion of the total of $1.2 billion on deferred tax assets at the U.S. operations, comprised mainly of net operating losses (“NOLs”) will be realized. The Corporation based its determination on its estimated earnings for the remaining carryforward period – eighteen years beginning with the 2016 fiscal year – available to utilize the deferred tax asset to reduce its income tax obligations.

The recent historical level of book income adjusted by permanent differences, together with the estimated earnings after the reorganization of the U.S. operations and additional estimated earnings from the Doral Acquisition were objective positive evidence considered by the Corporation. As of June 30, 2015, the U.S. operations are not in a three year cumulative loss position, taking into account taxable income, exclusive of reversing temporary differences (“adjusted book income”). An evaluation of the realization of the deferred tax asset will continue to be performed each quarter.

The increase in the net deferred tax asset did not have a material impact on regulatory capital. However, it increased the tangible book value per common share by $5.27.

The effective income tax rate for the second quarter of 2015, on an adjusted basis, was 19%, compared to 28% for the previous quarter. The decrease in the effective tax rate was driven by the composition and source of taxable income for the quarter. The impact of the reversal of the valuation allowance for the 2015 fiscal year is reflected in the effective tax rate of this year, effectively reducing the income tax expense by the benefit of the reversal each quarter of this year.

As discussed above, the effective tax rate is impacted by the composition and source of the taxable income. In 2016, the Corporation expects that the effective tax rate for the U.S. operations will be approximate 44%. Adjusting to an effective tax rate of 44% for the U.S. operations, and assuming the same earnings composition of this quarter, the adjusted effective income tax rate for the Corporation’s consolidated results for the second quarter of 2015 would have been 26%.

Credit Quality

As noted in the Significant Events section of this press release, the shared-loss arrangement under the commercial loss share agreement with the FDIC related to the loans acquired from Westernbank as part of the FDIC assisted transaction in 2010 expired on June 30, 2015. Accordingly, approximately $1.5 billion in loans and $15.3 million in OREO’s have been reclassified as “non-covered” in the accompanying statement of financial condition as of June 30, 2015, because they are no longer subject to the shared-loss payments by the FDIC. However, included in these balances are approximately $248.7 million of loans that are subject to the resolution of several arbitration proceedings currently ongoing with the FDIC related primarily to (i) the FDIC’s denial of reimbursements for certain charge-offs claimed by BPPR with respect to certain loans and the treatment of those loans as “shared-loss assets” under the commercial loss share agreement; and (ii) the denial by the FDIC of portfolio sale proposals submitted by BPPR pursuant to the applicable commercial shared loss agreement provision governing portfolio sales. Until the disputes described above are finally resolved, the terms of the commercial loss share agreement will remain in effect with respect to any such items under dispute. As of June 30, 2015, losses amounting to $141.3 million related to these assets are reflected in the FDIC indemnification asset as a receivable from the FDIC.

Loans and OREO’s that remain covered under the terms of the single-family loss share agreement continue to be presented as covered assets in the accompanying tables and credit metrics as of June 30, 2015.

The reclassification to non-covered of the non-single family loans and foreclosed assets that were previously covered under the shared-loss arrangement with the FDIC, a bulk sale of covered OREO’s, and the impact of the classification to held-for-sale of certain non-performing loans as detailed below, impacted credit metrics for the second quarter of 2015. Excluding the effect of these events, the underlying credit quality of the loan portfolios remained generally stable, in spite of the challenging economic conditions that persist in Puerto Rico. The Corporation continued to pursue strategic opportunities intended to reduce non-performing assets and continue improving the overall risk profile of its loan portfolios.

The following table presents non-performing assets information:

The following presents credit quality performance for the second quarter of 2015 for the Corporation’s non-covered portfolios, including loans transferred from covered to non-covered status upon the expiration of the shared-loss arrangement under the commercial loss share agreement with the FDIC.

• Inflows of NPLs held-in-portfolio, excluding consumer loans and NPLs reclassified from covered loans, decreased by $30.5 million from the first quarter of 2015, mainly driven by lower commercial and mortgage inflows of $16.6 million and $16.2 million, respectively.
• Non-performing loans held-in-portfolio decreased by $89.0 million during the quarter ended June 30, 2015, mainly driven by lower commercial NPLs of $84.1 million. During the quarter, the Corporation agreed to sell a $75.0 million non-accrual public sector credit and accordingly transferred it to held-for-sale. The aggregate write-down on loans transferred to held-for-sale during the quarter was of approximately $30.5 million, of which $29.0 million was previously reserved. Included in the second quarter of 2015 were $8.2 million of NPLs no longer covered by FDIC loss share agreement. At June 30, 2015, NPLs represented 2.6% of total loans held-in-portfolio, compared to 3.2% in March 31, 2015.
• Excluding the $30.5 million write-down related to the loans transferred to held-for-sale, net charge-offs totaled $46.4 million, or an annualized 0.89% of average non-covered loans held-in-portfolio in the second quarter of 2015, compared to $35.9 million, or 0.72%, in the first quarter of 2015. The increase of $10.5 million was primarily driven by higher commercial and construction net charge-offs of $11.9 million and $4.6 million, respectively, mostly in the BPPR segment, as the prior quarter reflected lower losses, including the effect of higher recoveries. This increase was partially offset by a $5.0 million recovery associated with a sale of a portfolio of previously charged-off credit cards and auto loans in the BPPR segment. Refer to Table J for further information on net charge-offs and related ratios.
• The allowance for loan losses amounted to $512.7 million, decreasing by $3.5 million from the first quarter of 2015. The allowance for loan losses for the second quarter includes $13.0 million transferred from covered to non-covered loans and a $29.0 million write-down from loans transferred to held-for-sale. Excluding these effects, the allowance for loan losses increased by $12.5 million from the first quarter of 2015. The general and specific reserves related to non-covered loans totaled $373.7 million and $139.0 million, respectively, at quarter-end, compared with $377.2 million and $139.0 million, respectively, as of March 31, 2015. The ratio of the allowance for loan losses to loans held-in-portfolio decreased to 2.29% in the second quarter of 2015, compared to 2.46% in the previous quarter, in part due to the impact of the loans reclassified from the covered portfolio on the total loan base. Excluding loans reclassified to “non-covered” at June 30, 2015, and related ALLL, the allowance to loans ratio was 2.39%.
• The ratio of the allowance for loan losses to NPLs held-in-portfolio stood at 89.0%, compared to 77.6% in the previous quarter.
• The provision for loan losses of $60.5 million in the second quarter of 2015 increased by $30.8 million mainly driven by higher NCO activity and ASC 310-10 reserves for commercial loans. The $30.5 million write-down to move portfolio loans to held-for-sale had minimal impact on the provision for the quarter as it had been reserved in previous quarters. The provision for the second quarter of 2015 represented 130.2% of net charge-offs, compared to 82.8% in the first quarter of 2015.

BPPR Segment

• Inflows of NPLs held-in-portfolio, excluding consumer loans and NPLs reclassified from covered NPLs, decreased by $32.6 million from the first quarter of 2015, mostly driven by lower mortgage and commercial inflows of $21.8 million and $10.3 million, respectively. Mortgage NPL inflows of the first quarter of 2015 included the addition of $16.6 million of loans previously serviced by Doral Bank. Excluding this impact from the previous quarter, mortgage NPL inflows improved by $5.2 million.
• Total non-performing loans held-in-portfolio decreased by $96.3 million from the first quarter of 2015, driven by lower commercial NPLs of $85.2 million due to the above mentioned $75.0 million public sector borrower and higher NCO activity. Included in the second quarter of 2015 were $8.2 million in NPLs no longer covered by the FDIC loss share agreement. At June 30, 2015, NPLs to total loans held-in-portfolio was 3.0% compared to 3.8% in the first quarter of 2015.
• Excluding the $30.0 million write-down related to the loans transferred to held-for-sale discussed above, net charge-offs were $45.1 million, increasing by $8.4 million from the first quarter of 2015, primarily reflective of higher commercial and construction NCOs of $12.3 million and $4.6 million, respectively, as the prior quarter NCOs were lower than the loss trend, due in part to higher recoveries. This increase was in part offset by lower consumer NCOs of $9.0 million, which included a $5.0 million recovery related to the sale of previously charged-off consumer portfolios, as noted above. The ratio of net charge-offs to average loans held-in-portfolio increased to 1.10% on an annualized basis from 0.92% in the previous quarter.
• Exclusive of the $13.0 million allowance transferred from covered loans, the allowance for loan losses was $469.7 million, a decrease of $14.6 million from the first quarter of 2015. The allowance for loan losses to loans held-in-portfolio was 2.9%, unchanged from the previous quarter. The decrease in the allowance was driven by a $29.0 million reserve release in connection with the loans transferred to held-for-sale specifically reserved in prior quarters, coupled with a slight reduction in the general reserve component, offset in part by higher ASC 310-10 reserves for commercial loans. The ratio of the allowance for loan losses to NPLs held-in-portfolio stood at 88.0%, compared to 75.9% in the previous quarter. Including the impact of FDIC loans transferred to non-covered category, ALLL to NPLs ratio was 89.1%.
• The provision for loan losses for the second quarter of 2015 amounted to $60.5 million, increasing by $28.6 million from the previous quarter predominantly driven by the aforementioned increase in NCO activity and ASC 310-10 reserves for commercial loans. The provision for the second quarter represented 131.9% of net charge-offs compared to 86.8% in the first quarter of 2015.

BPNA Segment

• Total NPLs held-in-portfolio increased by $7.3 million, primarily related to higher mortgage and legacy NPLs of $3.6 million and $2.4 million, respectively. NPL to total loans held-in-portfolio was 0.76%, compared to 0.61% in the first quarter of 2015.
• Net charge-offs, excluding write-downs, amounted to $1.3 million, compared to net recoveries of $886 thousand in the first quarter of 2015. This increase was mainly driven by lower recoveries during the second quarter of 2015. The ratio of net charge-offs to average loans held-in-portfolio was 12 basis points on an annualized basis, compared to a recovery of 9 basis points in the previous quarter.
• The allowance for loan losses decreased slightly to $30.0 million from $31.9 million in the previous quarter. The allowance for loan losses as a percentage of loans held-in-portfolio decreased to 0.66% from 0.72% in the previous quarter. The ratio of allowance for loan losses to NPLs held-in-portfolio stood at 87.8%, compared to 118.6% in the previous quarter.
• The provision for loan losses in the second quarter of 2015 amounted to a provision release of $61 thousand, reflective of strong credit quality and low level of charge-offs.

Total assets increased by $1.1 billion from the first quarter of 2015. The reclassification to non-covered of the non-single family loans and foreclosed assets that were previously covered under the shared-loss arrangement of the commercial loss share agreement that expired on June 30, 2015, impacted the variance in quarter over quarter loan and foreclosed asset balances. Excluding the reclassification of $1.5 billion of loans formerly covered under loss sharing agreements, loans held in portfolio not covered under loss sharing agreements decreased by $90 million, mainly at BPPR by $202 million due mostly to the reclassification of a public sector loan of approximately $75 million to held-for-sale and payments received from loans in the public sector, partially offset by an increase of $112 million at BPNA mostly from growth in the commercial loans portfolio. These increases were partially offset by decreases in covered loans, before the reclassification, by $252 million due to the normal run-off and resolution of the portfolio.

Other variances for the quarter included:

• An increase of $948 million in money market investments mainly due to liquidity maintained in the cash balances held with the Federal Reserve Bank.
• An increase of $344 million in other assets mainly due to the partial reversal of the valuation allowance on the deferred tax asset at the U.S. operations of $545 million, partially offset by a decrease of $96 million in accounts receivable related to the Doral Acquisition and the transfer of $55 million of contingent assets to mortgage servicing rights as BPPR completed the acquisition of mortgage servicing rights on three pools of residential mortgage loans.
• An increase of $36 million in investment securities available-for-sale mainly at BPPR due mostly to the purchase of mortgage backed agency pools and US Treasury securities.
• A decrease of $38 million in the allowance for loan losses including covered loans activity mainly due to $82 million in net charge-offs and $32 million in write downs from loans transferred to held-for-sale, partially offset by provision for loan losses for the quarter of $76 million.

These increases were partially offset by:

• A decrease of $80 million in other real estate covered under loss sharing agreements with the FDIC. Excluding the reclassification of $15 million of commercial foreclosed assets formerly covered under loss sharing arrangement with the FDIC, the decrease was $65 million mainly due to a bulk sale of commercial properties of $37 million and regular sales activity during the quarter.

Total liabilities increased by $553 million from the first quarter of 2015, driven by:

• An increase of $477 million in deposits, mainly at BPPR which increased by $538 million mostly due interest bearing deposits, partially offset by a decrease at BPNA of $60 million mainly due to deposits from the Doral Acquisition. Refer to Table G for additional information on deposits.
• An increase of $100 million in other short term borrowings at BPNA as part of the Corporation’s funding strategy.
• An increase of $47 million in notes payable mainly at BPPR due to $57 million of FHLBNY advances obtained during the quarter, partially offset by regular debt amortization.

These increases were partially offset by:

• A decrease of $59 million in other liabilities mainly due to a $55 million decrease in accounts payable related to the Doral Acquisition.

Stockholders’ equity increased by $572 million from the first quarter of 2015, mainly as a result of net income for the quarter of $597 million, partially offset by an increase in accumulated other comprehensive loss of $25 million.

Common equity tier-1 ratio and tangible book value per share were 15.61% and $41.75, respectively, at June 30, 2015, compared to 15.74% and $36.33 at March 31, 2015. Refer to Table A for capital ratios.

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 forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that may cause the Corporation's actual results to differ materially from any future results expressed or implied by such forward-looking statements. Please refer to our Annual Report on Form 10-K for the year ended December 31, 2014, the Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 and our other filings with the SEC for a discussion of those factors that could impact our future results. Other than to the extent required by applicable law, the Corporation undertakes no obligation to publicly update or revise any forward-looking statement to reflect 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 and Florida.

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 Friday, July 24, 2015, at 10:00 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 Monday, August 24, 2015. The replay dial in is 1-877-344-7529 or 1-412-317-0088. The replay passcode is 10068380.

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