Segment reporting (Tables)

6 Months Ended

Jun. 30, 2018

Table Text Block

Schedule Of Segment Reporting Information By Segment Text Block

2018
For the quarter ended June 30, 2018
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular Bank		Eliminations
Net interest income			$	352,721	$	75,477	$	(2)
Provision for loan losses				44,425		15,649		-
Non-interest income				220,190		5,139		(140)
Amortization of intangibles				2,158		166		-
Depreciation expense				10,406		2,163		-
Other operating expenses				254,921		45,806		(137)
Income tax (benefit) expense				(24,180)		4,231		-
Net income			$	285,181	$	12,601	$	(5)
Segment assets			$	37,883,250	$	9,468,740	$	(110,936)
For the quarter ended June 30, 2018
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	428,196	$	(14,060)	$	-	$	414,136
Provision (reversal) for loan losses		60,074		(20)		-		60,054
Non-interest income		225,189		10,790		(1,170)		234,809
Amortization of intangibles		2,324		-		-		2,324
Depreciation expense		12,569		173		-		12,742
Other operating expenses		300,590		22,689		(677)		322,602
Income tax (benefit) expense		(19,949)		(8,423)		(188)		(28,560)
Net income (loss)	$	297,777	$	(17,689)	$	(305)	$	279,783
Segment assets	$	47,241,054	$	5,344,785	$	(5,050,662)	$	47,535,177

For the six months ended June 30, 2018
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular Bank		Eliminations
Net interest income			$	684,989	$	150,470	$	2
Provision for loan losses				102,894		28,264		-
Non-interest income				316,815		9,480		(279)
Amortization of intangibles				4,317		332		-
Depreciation expense				20,934		4,281		-
Other operating expenses				495,450		91,026		(273)
Income tax expense				1,667		5,320		-
Net income			$	376,542	$	30,727	$	(4)
Segment assets			$	37,883,250	$	9,468,740	$	(110,936)
For the six months ended June 30, 2018
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	835,461	$	(28,278)	$	-	$	807,183
Provision (reversal) for loan losses		131,158		(41)		-		131,117
Non-interest income		326,016		23,738		(1,448)		348,306
Amortization of intangibles		4,649		-		-		4,649
Depreciation expense		25,215		360		-		25,575
Other operating expenses		586,203		44,771		(1,528)		629,446
Income tax expense (benefit)		6,987		(13,435)		43		(6,405)
Net income (loss)	$	407,265	$	(36,195)	$	37	$	371,107
Segment assets	$	47,241,054	$	5,344,785	$	(5,050,662)	$	47,535,177

2017
For the quarter ended June 30, 2017
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular Bank		Eliminations
Net interest income			$	319,667	$	69,702	$	(50)
Provision for loan losses				50,373		7,791		-
Non-interest income				102,140		5,204		(146)
Amortization of intangibles				2,178		166		-
Depreciation expense				9,812		2,160		-
Other operating expenses				233,729		40,267		(138)
Income tax expense				31,652		10,029		(23)
Net income			$	94,063	$	14,493	$	(35)
Segment assets			$	32,004,896	$	8,974,157	$	(14,533)
For the quarter ended June 30, 2017
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	389,319	$	(14,840)	$	-	$	374,479
Provision for loan losses		58,164		270		(5,955)		52,479
Non-interest income		107,198		10,912		(1,317)		116,793
Amortization of intangibles		2,344		-		-		2,344
Depreciation expense		11,972		157		-		12,129
Other operating expenses		273,858		19,275		(771)		292,362
Income tax expense (benefit)		41,658		(8,036)		2,110		35,732
Net income (loss)	$	108,521	$	(15,594)	$	3,299	$	96,226
Segment assets	$	40,964,520	$	5,013,932	$	(4,735,783)	$	41,242,669

For the six months ended June 30, 2017
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular Bank		Eliminations
Net interest income			$	629,879	$	136,821	$	(214)
Provision for loan losses				80,491		18,371		-
Non-interest income				201,872		10,135		(290)
Amortization of intangibles				4,357		332		-
Depreciation expense				19,545		4,063		-
Other operating expenses				470,030		81,980		(276)
Income tax expense				65,650		17,319		(93)
Net income			$	191,678	$	24,891	$	(135)
Segment assets			$	32,004,896	$	8,974,157	$	(14,533)
For the six months ended June 30, 2017
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	766,486	$	(29,909)	$	-	$	736,577
Provision for loan losses		98,862		270		(5,955)		93,177
Non-interest income		211,717		22,339		(1,394)		232,662
Amortization of intangibles		4,689		-		-		4,689
Depreciation expense		23,608		320		-		23,928
Other operating expenses		551,734		39,201		(1,399)		589,536
Income tax expense (benefit)		82,876		(16,459)		2,321		68,738
Net income (loss)	$	216,434	$	(30,902)	$	3,639	$	189,171
Segment assets	$	40,964,520	$	5,013,932	$	(4,735,783)	$	41,242,669

2018
For the quarter ended June 30, 2018
Banco Popular de Puerto Rico
				Consumer		Other		Eliminations		Total Banco
		Commercial		and Retail		Financial		and Other		Popular de
(In thousands)		Banking		Banking		Services		Adjustments [1]		Puerto Rico
Net interest income	$	145,674	$	205,795	$	1,258	$	(6)	$	352,721
Provision for loan losses		9,754		34,671		-		-		44,425
Non-interest income		23,930		69,967		23,764		102,529		220,190
Amortization of intangibles		51		1,071		1,036		-		2,158
Depreciation expense		4,341		5,912		153		-		10,406
Other operating expenses		60,639		172,031		14,367		7,884		254,921
Income tax expense (benefit)		24,697		11,732		3,279		(63,888)		(24,180)
Net income	$	70,122	$	50,345	$	6,187	$	158,527	$	285,181
Segment assets	$	26,355,657	$	21,007,705	$	536,164	$	(10,016,276)	$	37,883,250
[1] Includes the impact of the Termination Agreement with the FDIC and the Tax Closing Agreement entered into in connection with the FDIC transaction. These transactions resulted in a gain of $102.8 million reported in the non-interest income line, other operating expenses of $8.1 million and a net tax benefit of $63.9 million. Refer to Notes 9 and 31 to the Consolidated Financial Statements for additional information.

For the six months ended June 30, 2018
Banco Popular de Puerto Rico
				Consumer		Other		Eliminations		Total Banco
		Commercial		and Retail		Financial		and Other		Popular de
(In thousands)		Banking		Banking		Services		Adjustments [1]		Puerto Rico
Net interest income	$	284,944	$	397,229	$	2,834	$	(18)	$	684,989
Provision for loan losses		30,447		72,447		-		-		102,894
Non-interest income		36,492		131,824		46,213		102,286		316,815
Amortization of intangibles		103		2,140		2,074		-		4,317
Depreciation expense		8,630		11,997		307		-		20,934
Other operating expenses		120,900		334,521		32,400		7,629		495,450
Income tax expense (benefit)		41,572		19,189		4,794		(63,888)		1,667
Net income	$	119,784	$	88,759	$	9,472	$	158,527	$	376,542
Segment assets	$	26,355,657	$	21,007,705	$	536,164	$	(10,016,276)	$	37,883,250
[1] Includes the impact of the Termination Agreement with the FDIC and the Tax Closing Agreement entered into in connection with the FDIC transaction. These transactions resulted in a gain of $102.8 million reported in the non-interest income line, other operating expenses of $8.1 million and a net tax benefit of $63.9 million. Refer to Notes 9 and 31 to the Consolidated Financial Statements for additional information.

2017
For the quarter ended June 30, 2017
Banco Popular de Puerto Rico
				Consumer		Other				Total Banco
		Commercial		and Retail		Financial				Popular de
(In thousands)		Banking		Banking		Services		Eliminations		Puerto Rico
Net interest income	$	128,364	$	189,997	$	1,295	$	11	$	319,667
Provision for loan losses		896		49,477		-		-		50,373
Non-interest income		21,335		58,520		22,346		(61)		102,140
Amortization of intangibles		50		1,073		1,055		-		2,178
Depreciation expense		4,346		5,285		181		-		9,812
Other operating expenses		54,602		166,694		12,505		(72)		233,729
Income tax expense		26,779		1,068		3,805		-		31,652
Net income	$	63,026	$	24,920	$	6,095	$	22	$	94,063
Segment assets	$	19,409,235	$	18,254,883	$	468,540	$	(6,127,762)	$	32,004,896

For the six months ended June 30, 2017
Banco Popular de Puerto Rico
				Consumer		Other				Total Banco
		Commercial		and Retail		Financial				Popular de
(In thousands)		Banking		Banking		Services		Eliminations		Puerto Rico
Net interest income	$	248,660	$	378,129	$	3,082	$	8	$	629,879
Provision for loan losses		323		80,168		-		-		80,491
Non-interest income		40,763		116,591		44,657		(139)		201,872
Amortization of intangibles		104		2,140		2,113		-		4,357
Depreciation expense		8,608		10,552		385		-		19,545
Other operating expenses		115,435		327,958		26,797		(160)		470,030
Income tax expense		48,855		10,051		6,744		-		65,650
Net income	$	116,098	$	63,851	$	11,700	$	29	$	191,678
Segment assets	$	19,409,235	$	18,254,883	$	468,540	$	(6,127,762)	$	32,004,896

Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area Table [TextBlock]

Geographic Information
		Quarter ended				Six months ended
(in thousands)		June 30, 2018		June 30, 2017		June 30, 2018		June 30, 2017
Revenues:
Puerto Rico	$	542,173	$	394,086	$	941,587	$	778,534
United States		87,045		78,283		173,573		153,126
Other		19,727		18,903		40,329		37,579
Total consolidated revenues	$	648,945	$	491,272	$	1,155,489	$	969,239

[1]Total revenues include net interest income (expense), service charges on deposit accounts, other service fees, mortgage banking activities, netgain(loss) and valuation adjustments on investment securities, trading account (loss) profit, net (loss)gain on sale of loans and valuation adjustments on loans held-for-sale, adjustments to indemnity reserves on loans sold, FDIC loss share(expense) incomeand other operating income.

Selected Balance Sheet Information:
(In thousands)		June 30, 2018		December 31, 2017
Puerto Rico
Total assets	$	36,721,033	$	33,705,624
Loans		17,036,052		17,591,078
Deposits		30,748,039		27,575,292
United States
Total assets	$	9,921,233	$	9,648,865
Loans		6,937,782		6,608,056
Deposits		7,086,447		6,635,153
Other
Total assets	$	892,911	$	922,848
Loans		708,541		743,329
Deposits [1]		1,543,075		1,243,063
[1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.