Investor Presentaiton

6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Deposit Mix and Historical Betas • Total deposit cumulative beta of 34% at period end; total deposit beta at BPPR and PB of 31% and 49%, respectively Excluding public sector, BPPR's cumulative beta for total deposits at 7% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Deposits by Type • ■ PB betas higher due to the competitive environment and an increased mix of high cost online deposits High beta public sector deposits account for 28% of total deposits. P.R. public sector deposit betas are 100% with a quarter lag; expect costs to increase while short-term rates continue to rise Dec-15 Jun-16 Dec-16 Jun-17 Deposit Mix Non Int Bearing Int Bearing Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Non-Int Bearing Int Bearing Deposit Mix (by Type) Retail Commercial Public Wholesale 9% 31% 15% 0% 0% 11% 28% 6% Commercial Int Bearing Deposits Current Cycle Cumulative Beta - 18% (P. R. 13% ; U.S. 36%) Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Commercial - Int Bearing Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Fed Funds Target Jun-23 Dec-23 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Dec-15 Jun-16 Dec-16 Dec-23 6.00% 76% 5.00% 4.00% 3.00% 24% 2.00% 1.00% 0.00% Public-Int Bearing Dec-15 Retail Int Bearing Deposits Current Cycle Cumulative Beta -20% (P.R. 6%; U.S. 65%) I Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Retail - Int Bearing Public Int Bearing Deposits Market Linked Rate; Expect 100% Beta with Lag Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Fed Funds Target Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Fed Funds Target 7

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