Market Overview

Popular Announces $125 Million Common Stock Repurchase Plan


Popular, Inc. (the "Company") (NASDAQ:BPOP) announced today a common
stock repurchase of up to $125 million authorized by the Company's Board
of Directors. Common stock repurchases may be executed in the open
market or in privately negotiated transactions. The timing and exact
amount of the share repurchase will be subject to various factors,
including the Company's capital position, financial performance and
market conditions.

This action follows the non-objection from the Board of Governors of the
Federal Reserve System.

About Popular, Inc.

Popular, Inc. is the leading financial institution in Puerto Rico, by
both assets and deposits, and ranks among the top 50 U.S. bank holding
companies by assets. Founded in 1893, Banco Popular de Puerto Rico,
Popular's principal subsidiary, provides retail, mortgage and commercial
banking services in Puerto Rico and the U.S. Virgin Islands. Popular
also offers auto and equipment leasing and financing, investment
banking, broker-dealer and insurance services through specialized
subsidiaries. In the mainland United States, Popular provides retail,
mortgage and commercial banking services through its New York-chartered
banking subsidiary, Popular Bank, which has branches located in New
York, New Jersey and Florida.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995,
including without limitation those about Popular's business, financial
condition, results of operations, plans, objectives, and future
performance. These statements are not guarantees of future performance,
are based on management's current expectations and, by their nature,
involve risks, uncertainties, estimates and assumptions. Potential
factors, some of which are beyond the Corporation's control, could cause
actual results to differ materially from those expressed in, or implied
by, such forward-looking statements. Risks and uncertainties include
without limitation the effect of competitive and economic factors, and
our reaction to those factors, the adequacy of the allowance for loan
losses, delinquency trends, market risk and the impact of interest rate
changes, capital market conditions, capital adequacy and liquidity, the
effect of legal proceedings and new accounting standards on the
Corporation's financial condition and results of operations, the impact
of Hurricanes Irma and Maria on us, our ability to timely and
effectively consummate our acquisition and assumption of certain assets
and liabilities related to Wells Fargo's auto finance business in Puerto
Rico, as well as the ability to successfully transition and integrate
the business, unexpected costs, including, without limitation, costs due
to exposure to any unrecorded liabilities or issues not identified
during due diligence investigation of the business or that are not
subject to indemnification or reimbursement, and risks that the business
may suffer as a result of the transaction, including due to adverse
effects on relationships with customers, employees and service
providers. All statements contained herein that are not clearly
historical in nature, are forward-looking, and the words "anticipate,"
"believe," "continues," "expect," "estimate," "intend," "project" and
similar expressions, and future or conditional verbs such as "will,"
"would," "should," "could," "might," "can," "may" or similar
expressions, are generally intended to identify forward-looking

More information on the risks and important factors that could affect
the Corporation's future results and financial condition is included in
our Annual Report on Form 10-K for the year ended December 31, 2017, the
Quarterly Report on Form 10-Q for the quarter ended March 31, 2018 and
in our Form 10-Q for the quarter ended June 30, 2018 to be filed with
the SEC. Our filings are available on the Corporation's website (
and on the Securities and Exchange Commission website (
The Corporation assumes no obligation to update or revise any
forward-looking statements or information which speak as of their
respective dates.

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