International Banking Entities Balance Sheet

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International Banking Entities Balance Sheet Q3-2017 2016 Q3-2016 Q3-2015 Q3 2014 ($,000) ($,000) ($,000) ($,000) ($,000) ASSETS: Current Assets Cash and cash equivalents $ 461,382 $ 333,746 $

1 International Banking Entities Balance Sheet Q Q Q Q ($,000) ($,000) ($,000) ($,000) ($,000) ASSETS: Current Assets Cash and cash equivalents $ 461,382 $ 333,746 $ 229,819 $ 357,450 $ 587,874 Deposits, money market investments and other interest-bearing balances 752, , ,392 1,418, ,889 Restricted cash and equivalents 10,391 10,457 13,040 13,104 13,457 Securities: Securities available for sale, at fair market 5,982,948 5,853,541 5,682,530 4,653,739 4,311,918 Securities held to maturity, at amortized cost 234, , , , ,514 Total Securities $ 6,217,433 $ 6,099,268 $ 5,951,498 $ 4,898,123 $ 4,448,432 Securities purchased under agreements Loans and Leases: Total loans and leases (excluding loans held for sale) $ 2,364,779 $ 1,539,707 $ 1,468,765 $ 1,325,962 $ 1,741,520 Total loans held for sale Less: Allowance for Loan and Lease Losses 11,340 17,139 8,589 11,350 20,776 Subtotal of loans and leases, net of Allowance for loans and lease losses $ 2,353,439 $ 1,522,568 $ 1,460,176 $ 1,314,612 $ 1,720,744 Unearned income on loans and leases (8,069) (1,743) (2,013) (876) (1,665) Net Loans and leases $ 2,345,370 $ 1,520,825 $ 1,458,163 $ 1,313,736 1,719,079 Accrued interest receivable 78,959 60,067 56,473 44,924 41,766 Due from Home office account, loans to parent and related parties 37,681,219 48,574,386 45,394,625 41,629,013 29,678,439 Other receivables 19,643 15,341 23,131 25,207 22,492 Trading assets and Derivative assets 36,003 50,427 59,083 63,243 20,859 Premises and fixed assets 17,588 15,789 14,323 11,121 7,197 Other real estate owned 1,411 6,597 6,519 8,954 6,988 Investments in subsidiaries and affiliates 2,814,920 2,811,641 2,813,477 2,804,085 2,238,000 Intangible assets 991 2, Other assets 170, , , , ,110 $ 50,608,334 $ 60,201,746 $ 56,653,046 $ 52,711,466 $ 39,713,626 Deposits : Interest bearing 16,075,971 25,461,815 20,226,285 $ 19,906,924 $ 5,127,376 Noninterest bearing 915, , , , ,414 Total deposits $ 16,991,405 $ 26,130,627 $ 20,802,072 $ 20,348,994 $ 5,483,790 Securities sold under agreements to repurchase with others 475, ,511 1,349,610 $ 1,702,203 $ 1,825,481 Trading liabilities and derivative liabilities Due to Home office, borrowings from parent, affiliates and related parties 27,175,423 27,992,807 28,652,042 23,996,327 26,688,325 Other borrowed money 644, ,405 35,503 32,888 33,422 Accrued interest payable 35,198 29,549 34,825 25,101 25,836 Accounts payable and accrued liabilities 44,791 68,363 19,998 14,450 36,627 Income taxes payable Deferred tax liability, Net ,002 Other liabilities 15,893 12,682 11,808 4,288 4,181 Total liabilities $ 45,383,484 $ 55,186,740 $ 50,907,213 $ 46,125,162 $ 34,099,937 STOCKHOLDER'S EQUITY: Perpetual preferred stock and related surplus 228, ,172 $ 220,772 $ 580,622 $ 580,368 Home office equity account 0 (1) (1) (1) (1) Unremitted earmings 105,724 58,097 60,923 12,954 16,448 Common Stock, at par value 302, , , , ,570 Additional paid in capital 3,862,363 3,877,579 3,874,370 4,188,370 4,274,810 Retained earnings (deficit) (1,363,387) (1,522,032) (1,547,333) (1,356,838) (1,834,341) Accumulated other comprehensive income (70,927) (95,372) 30,234 (60,975) (28,655) Other equity capital components 2,159,560 2,162,627 2,793,938 2,790,447 2,165,490 Total equity capital $ 5,224,850 $ 5,015,006 $ 5,745,833 $ 6,586,304 $ 5,613,689 Total liabilities and equity capital $ 50,608,334 $ 60,201,746 $ 56,653,046 $ 52,711,466 $ 39,713,626

2 Amounts in thousands of $ Assets Cash Banks Placements Securities Federal Funds Sold December $ 356,125 $ 356,501 $ 671,699 $ 395,231 $ 871,215 $ 564,087 $ 1,242,579 $ 953,810 $ 572,944 $ 504, , , , , , , , , , ,320 3,180,788 3,329,189 6,200,851 7,091,060 12,337,280 18,626,908 25,229,094 26,735,114 29,284,536 28,316, ,550 57, , , , ,560 1,142, , , ,303 Loans & Leases 1,761,629 1,512,454 7,023,853 8,286,610 10,433,998 14,557,481 17,655,368 21,168,715 20,317,927 18,341,769 Accrued Interest Receivable 20,572 18,004 55,322 62,267 94, , , , , ,503 Due From Related Parties International Banking Entities Balance Sheet 33,474,508 28,469,969 26,160,596 20,735,796 14,514,724 23,983,706 25,991,149 22,010,299 19,294,875 15,597,920 Other Assets Total Assets 2,317,308 2,476,199 3,182,604 3,252,349 3,336,424 4,025,647 3,743,099 3,524,580 3,715,306 2,770,634 $ 42,153,058 $ 36,506,015 $ 43,933,413 $ 40,607,688 $ 42,118,228 $ 62,681,411 $ 75,807,188 $ 75,942,069 $ 74,153,292 $ 66,947,590 Liabilities Deposits: Demand Deposits $ 373,373 $ 365,762 $ 995,059 $ 925,152 $ 901,985 $ 1,023,475 $ 1,103,701 $ 1,024,674 $ 1,008,152 $ 859,756 Time Deposits 9,879,178 5,194,424 9,209,844 9,019,965 11,129,082 13,746,134 15,000,959 13,810,391 11,000,770 8,168,867 Borrowings Federal Funds Purchases 1,908,300 2,333,815 4,493,832 5,442,482 9,040,747 11,250,968 13,255,491 15,500,956 20,075,872 17,466, ,491 1,120,329 1,345,925 1,637,725 Other Borrowed Money 32,547 87, , ,880 1,418,292 1,886,640 4,378,953 9,173,151 9,963,832 10,362,119 Other Liabilities 33,332 40, , , , , , , , ,582 Due to Related Parties Total Liabilities 24,549,336 23,026,087 21,723,580 19,250,737 13,542,757 22,562,874 23,945,415 20,480,141 18,247,741 15,626,673 $ 36,776,066 $ 31,047,918 $ 37,352,252 $ 35,618,477 $ 36,724,749 $ 50,814,123 $ 58,377,250 $ 61,479,932 $ 62,428,862 $ 54,884,237 Stockholder's Equity 5,376,992 5,458,097 6,581,161 $ 4,989,211 $ 5,393,479 $ 11,867,288 $ 17,429,938 $ 14,462,137 $ 11,724,430 $ 12,063,353 Total Liabilities and Stockholder's Equity $ 42,153,058 $ 36,506,015 $ 43,933,413 $ 40,607,688 $ 42,118,228 $ 62,681,411 $ 75,807,188 $ 75,942,069 $ 74,153,292 $ 66,947, Includes the International Banking Entities (IBE s) organized under the International Banking Center Act (Act No. 52 of 1989). The IBE s organized as Units of Domestic Commercial and Foreign Banks in Puerto Rico are included in this report.

Total Assets ($,000) $80,000,000 $74,153,292 $75,942,069 $75,807,188 International Banking Assets to Capital Ratio $20,000,000 $70,000,000 $60,000,000 $66,947,590 19% $14,462,137 23% $17,429,938

3 Total Assets ($,000) $80,000,000 $74,153,292 $75,942,069 $75,807,188 International Banking Assets to Capital Ratio $20,000,000 $70,000,000 $60,000,000 $66,947,590 19% $14,462,137 23% $17,429,938 $62,681,411 Total Capital $60,201,746 $18,000,000 $16,000,000 $50,000,000 18% $12,063,353 16% $11,724,430 19% $11,867,288 $42,118,228 $43,933,413 $42,153,058 $51,430,442 $53,643,876 $50,608,334 $14,000,000 $12,000,000 $40,000,000 $30,000,000 $20,000,000 $40,607,688 13% $5,393,479 12% $4,989,211 15% $6,581,161 $36,506,015 15% $5,458,097 13% $5,376,992 11% $5,782,500 11% $6,124,618 8% $5,015,006 $10,000,000 $8,000,000 10% $6,000,000 $5,224,850 $4,000,000 Capital $10,000,000 $2,000,000 $ Q $0

4 Interest income: Q Q Q Q ($,000) ($,000) ($,000) ($,000) Interest and fee income on loans $ 79,383 $ 73,697 $ 52,952 $ 52,663 $ 65,689 Interest on balances with depository Institutions 4,669 3,162 2,355 24,326 24,786 Interest and dividend income on securities and investments 108, ,313 95, , ,840 Interest income from trading assets 2,774 5,378 3,789 2,883 1,790 Interest income on federal funds sold and securities purchaded under agreements to resell ,304 Other interest income 361, , ,681 86,026 74,282 Total interest and fees income, dividends and other income $ 557,818 $ 503,187 $ 348,089 $ 378,759 $ 294,691 Interest expense: Transaction accounts $ 293 $ 265 $ 297 $ 186 $ 435 Nontransaction accounts: International Banking Entities Income Statement Savings deposits Time deposits 310, , ,013 89,912 86,243 Interest expense of securities sold under agreements to repurchase 11,609 28,909 23,544 23,567 24,882 Interest on trading liabilities and other borrowed money 11,197 1, Interest on subordinated notes and debentures to parent company or affiliates 981 3,846 2, Total interest expense $ 335,065 $ 267,045 $ 194,374 $ 115,411 $ 112,893 Net interest income 222, , , , ,798 Fees and commissions 77, ,590 75,952 93,383 92,359 Net impairment losses on investment sercurities 0 (4,046) (4,046) (5,332) 0 Net Gain on: Sales of loans and leases Sales of other real estate owned Sales of other assets(excluding securities) 0 3 (2) Realized gains (losses) on held to maturity securities 196 (457) 32 5, $ 5,544 Realized gains (losses) on available for sale securities 5,905 3,528 4,515 (3,081) 6,934 Gain on change in value of investments under the Fair Value Option 1,380 (442) (243) (47) 402 Trading and derivative revenues (expense) 1,010 (4,053) (1,693) (2,204) 629 Income from fidiuciary activities Other non interest income (expense) and gains (loss) 12,067 41,522 29, ,614 21,961 Total other non-interest income and net gains (loss) $ 14,668 $ 37,243 $ 28,085 $ 166,381 $ 22,992 Total non-interest income (loss) 97, , , , ,829 Total net interest income and non-interest income (loss) $ 320,703 $ 381,071 $ 258,322 $ 520,982 $ 309,627 Non-interest expense: Salaries and employee benefits $ 31,316 $ 39,207 29,199 $ 24,719 $ 23,939 Professional services 6,412 14,442 5,121 4,998 3,498 Management and technical assistance 5,127 7,165 4,626 4,289 3,809 Fees paid to parent company 967 1, ,540 1,323 Occupancy costs 2,351 3,604 2,782 2,685 2,766 Depreciation and amortization expense 1,605 1,704 1,193 1,073 1,851 Other non-interest expense 64,696 78,662 62,097 92,666 57,475 Total non-interest expense $ 112,474 $ 145,969 $ 105,740 $ 131,970 $ 94,661 Provision for loan and lease losses (2,028) (11,674) (2,447) 6,670 17,254 Securities gains (losses) (1) (279) Equity in gains (losses) of subsidiaries Income (loss) before taxes, extraordinary items and other adjustments $ 206,340 $ 223,828 $ 151,127 $ 395,779 $ 232,019 Provision (benefit) for income taxes: Current 168 (120) (207) Deferred (57) 1,202 Provision (benefit) for income taxes, net 272 (88) (183) 406 1,569 Income (loss) before extraordinary items and other adjustments 206, , , , ,450 Extraordinary items and other adjustments, net of income taxes 3,522 3,210 2, Net income (loss) $ 209,590 $ 227,126 $ 153,460 $ 395,373 $ 230,450

International Banking Entities Income Statement December 31 Amounts in thousands of $ 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 Interest Income $ 306,629 $ 349,907 $ 830,518 $ 953,814 $

5 International Banking Entities Income Statement December 31 Amounts in thousands of $ Interest Income $ 306,629 $ 349,907 $ 830,518 $ 953,814 $ 1,556,011 $ 2,866,402 $ 4,156,859 $ 3,801,970 $ 3,061,465 $ 2,097,783 Interest Expense Net Interest Income Non Interest Income Fees Trading Gains (Losses) Other Income 160, , , , ,771 1,808,050 2,916,558 2,740,903 1,918,516 1,101, , , , , ,240 1,058,352 1,240,301 1,061,067 1,142, , , , , , , , , , , ,420 7,375 17,762 68,163 28,497 31,673 (326,195) (257,706) 96,542 90,581 67,576 (42,475) 17,135 69,182 32,740 73, , , , ,969 73,857 Total non interest income $ 78,647 $ 143,731 $ 268,435 $ 190,944 $ 236,100 $ 801,471 $ 775,415 $ 714,548 $ 577,720 $ 282,853 Operating Expenses Salaries & Benefits Occupancy Expenses Provision for Loan Losses Other 30,470 28, , , , , , , , ,315 4,388 4,658 54,416 62,247 74,319 97, , ,746 88,300 71,065 (8,524) (12,985) 104, , , , , , ,504 90,401 96, , , , , , , , , ,801 Total Operating Expenses $ 122,465 $ 123,013 $ 505,478 $ 924,513 $ 1,385,008 $ 1,373,842 $ 1,323,587 $ 933,879 $ 701,738 $ 556,582 Other Non Operating Expenses Income tax ,995 14,479 1,206 7, ,157 6,772 3,725 (464) 4,097 8,702 8,269 8, ,886 (194,199) 8,837 46,091 67,542 Net Income $ 102,638 $ 150,593 $ 166,268 $ (326,361) $ (552,730) $ 27,939 $ 886,247 $ 831,742 $ 966,068 $ 650,911

$200,000 $400,015 $287,069 $227,126 $209,590 $166,268 $150,593

6 ($,000) International Banking Income Statement $1,000,000 $966,068 $886,247 $831,742 $800,000 $650,911 $600,000 $400,000 $200,000 $400,015 $287,069 $227,126 $209,590 $166,268 $150,593 $102,638 $27,939 $0 -$200,000 -$400,000 -$326,361 -$600,000 -$552,730

Domestic Commercial Banks Balance Sheet December 31 Amounts in thousands of $ Q

Domestic Commercial Banks Balance Sheet December 31 Q3-2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 Assets: Cash & Interest Bearing Placements 8,664,323 5,313,096 4,455,078 $ 4,756,981