Segment reporting (Tables)

3 Months Ended

Mar. 31, 2019

2019
For the quarter ended March 31, 2019
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular Bank		Eliminations
Net interest income			$	407,357	$	72,828	$	4
Provision for loan losses				31,349		10,371		-
Non-interest income				120,770		5,864		(141)
Amortization of intangibles				2,122		166		-
Depreciation expense				11,939		2,168		-
Other operating expenses				280,698		48,609		(136)
Income tax expense				45,376		5,215		-
Net income			$	156,643	$	12,163	$	(1)
Segment assets			$	38,896,514	$	9,585,380	$	(113,126)

For the quarter ended March 31, 2019
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	480,189	$	(9,226)	$	-	$	470,963
Provision for loan losses		41,720		105		-		41,825
Non-interest income		126,493		10,061		(124)		136,430
Amortization of intangibles		2,288		24		-		2,312
Depreciation expense		14,107		188		-		14,295
Other operating expenses		329,171		2,358		(716)		330,813
Income tax expense		50,591		(586)		218		50,223
Net income (loss)	$	168,805	$	(1,254)	$	374	$	167,925
Segment assets	$	48,368,768	$	5,021,367	$	(4,709,528)	$	48,680,607

2018
For the quarter ended March 31, 2018
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular Bank		Eliminations
Net interest income			$	332,268	$	74,993	$	4
Provision for loan losses				58,469		12,615		-
Non-interest income				96,625		4,341		(139)
Amortization of intangibles				2,159		166		-
Depreciation expense				10,528		2,118		-
Other operating expenses				240,529		45,220		(136)
Income tax benefit				25,847		1,089		-
Net income			$	91,361	$	18,126	$	1
Segment assets			$	36,244,300	$	9,227,093	$	(14,471)

For the quarter ended March 31, 2018
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	407,265	$	(14,218)	$	-	$	393,047
Provision (reversal) for loan losses		71,084		(21)		-		71,063
Non-interest income		100,827		12,948		(278)		113,497
Amortization of intangibles		2,325		-		-		2,325
Depreciation expense		12,646		187		-		12,833
Other operating expenses		285,613		22,082		(851)		306,844
Income tax expense (benefit)		26,936		(5,012)		231		22,155
Net income (loss)	$	109,488	$	(18,506)	$	342	$	91,324
Segment assets	$	45,456,922	$	5,033,543	$	(4,733,704)	$	45,756,761

2019
For the quarter ended March 31, 2019
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	$	151,460	$	254,668	$	1,318	$	(89)	$	407,357
Provision for loan losses		(1,992)		33,341		-		-		31,349
Non-interest income		23,589		75,404		22,534		(757)		120,770
Amortization of intangibles		49		1,072		1,001		-		2,122
Depreciation expense		4,654		7,127		158		-		11,939
Other operating expenses		72,929		192,670		15,827		(728)		280,698
Income tax expense		31,194		11,743		2,439		-		45,376
Net income	$	68,215	$	84,119	$	4,427	$	(118)	$	156,643
Segment assets	$	29,478,917	$	23,039,995	$	327,487	$	(13,949,885)	$	38,896,514

2018
For the quarter ended March 31, 2018
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	$	139,270	$	191,434	$	1,576	$	(12)	$	332,268
Provision for loan losses		20,693		37,776		-		-		58,469
Non-interest income		12,562		61,857		22,449		(243)		96,625
Amortization of intangibles		52		1,069		1,038		-		2,159
Depreciation expense		4,289		6,085		154		-		10,528
Other operating expenses		60,261		162,490		18,033		(255)		240,529
Income tax expense		16,875		7,457		1,515		-		25,847
Net income	$	49,662	$	38,414	$	3,285	$	-	$	91,361
Segment assets	$	23,652,941	$	20,618,670	$	346,096	$	(8,373,407)	$	36,244,300

Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area

Geographic Information
		Quarter ended
(In thousands)		March 31, 2019		March 31, 2018
Revenues:^[1]
Puerto Rico	$	500,138	$	399,414
United States		89,856		86,528
Other		17,399		20,602
Total consolidated revenues	$	607,393	$	506,544

[1] Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net profit (loss) on trading account debt securities, net gain (loss), including impairment on equity securities, adjustments (expense) to indemnity reserves on loans sold, FDIC loss share expense and other operating income.

Selected Balance Sheet Information:
(In thousands)		March 31, 2019		December 31, 2018
Puerto Rico
Total assets	$	37,656,205	$	36,863,930
Loans		18,855,650		18,837,742
Deposits		32,343,773		31,237,529
United States
Total assets	$	10,145,457	$	9,847,944
Loans		7,158,946		7,034,075
Deposits		7,048,008		6,878,599
Other
Total assets	$	878,945	$	892,703
Loans		677,097		687,494
Deposits ^[1]		1,488,057		1,593,911
[1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.