Popular, Inc.

Good day and thank you for standing by. Welcome to the Popular, Inc. Third Quarter 2026 conference call. At this time, all participants are in listen-only mode. After this brief presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message inviting your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference will be recorded. I'll now hand the conference over to your first speaker today, Investor Relations Officer of Poplar, Paul Cardillo. Please go ahead.

Good morning and thank you for joining us. With me on the call today are our President and CEO, Jorge Garcia, and our CFO, Lidio Soriano. They will review our third quarter results and then answer your questions. Other members of our management team, including our CRO, Luis Sosa, will also be available during the Q&A session. Before we begin, I would like to remind you that during today's call, we may make forward-looking statements regarding POPULAR, such as projections of revenue, earnings, credit quality, expenses, taxes, and capital, as well as statements regarding POPULAR's plans and objectives. These statements are based on management's current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements are discussed in today's earnings release and our SEC filings. You may find today's earnings release and RCC filings on our website at popular.com. I will now turn the call over to Jorge.

Thank you, Paul, and good morning, everyone. Please turn to slide four to discuss the highlights of another solid quarter. We reported net income of $266 million and earnings per share of $4.21, a decrease of $0.14 per share from the second quarter. Results reflected higher net interest income and stable underlying credit trends. Partially offset by higher operating expenses and lower non-interest income. Compared with the third quarter of last year, earnings per share increased by 34%. Our ROTC was 15.8% compared with 17% in the second quarter and 13.1% in the third quarter of 2025. Loans held in portfolio increased by $293 million, driven by growth in commercial and mortgage lending. Total deposits decreased by $1.5 billion, primarily reflecting lower Puerto Rico public sector balances. Excluding public funds, customer balances decreased by approximately $289 million. The delta was consistent with our expectations and third quarter seasonality. Credit performance remained stable. Net charge-offs declined from the second quarter, while non-performing loans increased. primarily reflecting a commercial relationship at BPPR that was placed on non-accrual. We continued to return capital to shareholders, repurchasing 179 million of common stock in the quarter. We also increased the quarterly dividend to 90 cents per share, beginning with the payment on October 1st. While some indicators have moderated from the strong levels experienced over the last several years, Economic conditions and business activity in Puerto Rico remain stable. The labor market continued to be healthy. Total employment increased to approximately 1.26 million in September, its highest level of the year, as the labor force grew by roughly 24,000 people in the quarter, while employment grew by 18,000 jobs. The unemployment rate increased modestly to 6.2%, largely reflecting a higher participation rate and Javier Ferrer-Fernández, Jose Coleman-Tio, Camille Burckhart, Denissa Rodriguez Adorno, Maria Cristina Gonzalez Noguera Hotel occupancy improved by more than four percentage points to approximately 79%. Cruise passenger arrivals increased by 27% through September. Air passenger traffic has moderated from record levels but remained healthy, declining approximately 3% year over year. Construction activity is supported by public and private investment, including the ongoing deployment of federal disaster recovery funds and a growing pipeline of private sector projects. We continue to see demand in the energy sector as well as in warehousing and logistics. Overall, Puerto Rico's economic environment is stable, supported by healthy employment, tourism, infrastructure investment and private sector development. At the same time, we are monitoring affordability pressures that are being driven by inflation and the higher cost of fuel and energy. We continue to focus on the three objectives we have shared previously, being the number one bank for our customers, being simple and efficient, and being a top performing bank. We are on the right path and we will continue to execute with discipline. Being the number one bank for our customers means building stronger relationships and continuing to strengthen our deposit franchise, one of our most important competitive advantages. That starts with giving customers the flexibility to bank through the channel that best meets their needs while continuing to enhance our products and maintain our high service standards. On the retail side, this quarter we launched a simpler deposit product that encourages behavior such as direct deposits to eliminate banking fees that will help us build deeper relationships over time. We also launched an account for college students to establish relationships earlier in their financial journey. These efforts advance our segment-led strategy, which leverages specialized offerings to unlock opportunities and deepening customer relationships. Our successful healthcare professional program is one example of this segment-led approach. The program supports deposit retention and has also generated more than $90 million in new loans this year. On the commercial side, We completed the final wave of customer onboarding to our new cash management platform, concluding a multi-year effort. The platform provides greater flexibility and mobile access and enhanced money movement capabilities for our commercial clients. This strengthened our value proposition for business clients and further differentiates our commercial banking franchise in Puerto Rico and gives us a platform to continue to enhance functionality. Together, these initiatives demonstrate that our strategy is translating into tangible results. I look forward to building on this momentum with our teams as we continue advancing our objectives. I will now turn the call over to Lidio for more details on our financial and credit performance.