Segment reporting (Tables)

3 Months Ended

Mar. 31, 2020

Table Text Block

Results of Operations and Total Assets

2020
For the quarter ended March 31, 2020
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular U.S.		Eliminations
Net interest income			$	409,626	$	72,689	$	3
Provision for credit losses				113,582		75,991		-
Non-interest income				112,142		5,232		(140)
Amortization of intangibles				2,282		167		-
Depreciation expense				12,287		1,953		-
Other operating expenses				300,377		55,194		(137)
Income tax expense (benefit)				15,101		(11,951)		-
Net income (loss)			$	78,139	$	(43,433)	$	-
Segment assets			$	42,392,356	$	10,107,045	$	(23,284)
For the quarter ended March 31, 2020
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	482,318	$	(9,223)	$	-	$	473,095
Provision for credit losses		189,573		158		-		189,731
Non-interest income		117,234		9,461		(52)		126,643
Amortization of intangibles		2,449		24		-		2,473
Depreciation expense		14,240		246		-		14,486
Other operating expenses		355,434		1,037		(822)		355,649
Income tax expense (benefit)		3,150		(322)		269		3,097
Net income (loss)	$	34,706	$	(905)	$	501	$	34,302
Segment assets	$	52,476,117	$	5,241,196	$	(4,913,674)	$	52,803,639

2019
For the quarter ended March 31, 2019
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular U.S.		Eliminations
Net interest income			$	407,357	$	72,828	$	4
Provision for credit 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 credit 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 (benefit)		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

2020
For the quarter ended March 31, 2020
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	$	161,534	$	243,056	$	5,036	$	-	$	409,626
Provision for credit losses		10,313		103,269		-		-		113,582
Non-interest income		24,712		63,984		23,740		(294)		112,142
Amortization of intangibles		48		1,310		924		-		2,282
Depreciation expense		5,150		6,978		159		-		12,287
Other operating expenses		74,875		202,042		23,769		(309)		300,377
Income tax expense (benefit)		25,616		(12,952)		2,437		-		15,101
Net income	$	70,244	$	6,393	$	1,487	$	15	$	78,139
Segment assets	$	33,212,687	$	24,388,065	$	3,080,386	$	(18,288,782)	$	42,392,356

	2019
	For the quarter ended March 31, 2019
	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		$	151,460	$	254,668	$	1,318	$	(89)	$	407,357
Provision (reversal) for credit 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

Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area

Geographic Information
			Quarter ended
(In thousands)			March 31, 2020		March 31, 2019
Revenues:[1]
Puerto Rico		$	489,636	$	500,138
United States			91,679		89,856
Other			18,423		17,399
Total consolidated revenues		$	599,738	$	607,393
[1]	Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net (loss) gain, including impairment, on equity securities, net profit on trading account debt securities, net gain on sale of loans, including valuation adjustments on loans held-for-sale, indemnity reserves on loans sold and other operating income.

Selected Balance Sheet Information:
(In thousands)			March 31, 2020		December 31, 2019
Puerto Rico
	Total assets	$	41,233,363	$	40,544,255
	Loans		19,039,704		18,989,286
	Deposits		35,768,869		34,664,243
United States
	Total assets	$	10,686,885	$	10,693,536
	Loans		8,054,521		7,819,187
	Deposits		7,589,707		7,664,792
Other
	Total assets	$	883,391	$	877,533
	Loans		655,902		657,603
	Deposits[1]		1,438,600		1,429,571
[1]	Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.