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Segment reporting (Tables)
12 Months Ended
Dec. 31, 2022
Table Text Block  
Results of Operations and Total Assets
December 31, 2022
Banco Popular
 
Intersegment
 
(In thousands)
de Puerto Rico
Popular U.S.
Eliminations
Net interest income
$
1,823,517
$
372,988
$
3
Provision for credit losses
70,304
12,452
-
Non-interest income
 
680,276
31,958
(547)
Amortization of intangibles
1,937
1,338
-
Goodwill impairment charge
-
9,000
-
Depreciation expense
47,003
6,919
-
Other operating expenses
1,454,187
230,136
(543)
Income tax expense
148,351
(25,205)
-
Net income
$
782,011
$
170,306
$
(1)
Segment assets
$
56,190,260
$
11,558,280
$
(421,781)
 
December 31, 2022
Reportable
Total
(In thousands)
 
Segments
Corporate
Eliminations
Popular, Inc.
Net interest income (expense)
$
2,196,508
$
(29,149)
$
-
$
2,167,359
Provision for credit losses
82,756
274
-
83,030
Non-interest income
711,687
189,835
(4,460)
897,062
Amortization of intangibles
3,275
-
-
3,275
Goodwill impairment charge
9,000
-
-
9,000
Depreciation expense
53,922
1,185
-
55,107
Other operating expenses
1,683,780
80
(4,822)
1,679,038
Income tax expense
123,146
9,074
110
132,330
Net income
$
952,316
$
150,073
$
252
$
1,102,641
Segment assets
$
67,326,759
$
5,390,122
$
(5,078,964)
$
67,637,917
December 31, 2021
Banco Popular
 
Intersegment
(In thousands)
de Puerto Rico
Popular U.S.
 
Eliminations
Net interest income
$
1,674,589
$
321,154
$
6
Provision for credit losses (benefit)
(136,352)
(56,897)
-
Non-interest income
 
565,310
24,518
(548)
Amortization of intangibles
2,813
665
-
Depreciation expense
46,539
7,415
-
Other operating expenses
1,285,959
203,892
(544)
Income tax expense
253,479
56,538
-
Net income
$
787,461
$
134,059
$
2
Segment assets
$
64,336,681
$
10,399,066
$
(31,528)
 
December 31, 2021
Reportable
Total
(In thousands)
 
Segments
Corporate
Eliminations
Popular, Inc.
Net interest income (expense)
$
1,995,749
$
(38,159)
$
-
$
1,957,590
Provision for credit losses (benefit)
(193,249)
(215)
-
(193,464)
Non-interest income
589,280
56,535
(3,687)
642,128
Amortization of intangibles
3,478
5,656
-
9,134
Depreciation expense
53,954
1,150
-
55,104
Other operating expenses
1,489,307
(545)
(3,725)
1,485,037
Income tax expense (benefit)
310,017
(1,085)
86
309,018
Net income
$
921,522
$
13,415
$
(48)
$
934,889
Segment assets
$
74,704,219
$
5,458,718
$
(5,065,038)
$
75,097,899
December 31, 2020
Banco Popular
 
Intersegment
(In thousands)
de Puerto Rico
Popular U.S.
 
Eliminations
Net interest income
$
1,593,599
$
302,517
$
11
Provision for credit losses
210,955
81,486
-
Non-interest income
 
445,893
24,285
(553)
Amortization of intangibles
5,634
665
-
Depreciation expense
47,890
9,558
-
Other operating expenses
1,169,816
228,406
(544)
Income tax expense
106,211
7,411
-
Net income (loss)
$
498,986
$
(724)
$
2
Segment assets
$
55,353,626
$
10,255,954
$
(33,935)
 
December 31, 2020
Reportable
Total
(In thousands)
 
Segments
Corporate
Eliminations
Popular, Inc.
Net interest income (expense)
$
1,896,127
$
(39,514)
$
-
$
1,856,613
Provision for credit losses
292,441
95
-
292,536
Non-interest income
469,625
46,442
(3,755)
512,312
Amortization of intangibles
6,299
98
-
6,397
Depreciation expense
57,448
1,004
-
58,452
Other operating expenses
1,397,678
(1,212)
(3,486)
1,392,980
Income tax expense (benefit)
113,622
(1,560)
(124)
111,938
Net income
$
498,264
$
8,503
$
(145)
$
506,622
Segment assets
$
65,575,645
$
5,214,439
$
(4,864,084)
$
65,926,000
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area
(In thousands)
2022
2021
2020
Revenues:
[1]
Puerto Rico
 
$
2,505,988
$
2,136,481
$
1,921,207
United States
480,545
390,201
376,529
Other
77,888
73,036
71,189
Total consolidated
 
revenues
$
3,064,421
$
2,599,718
$
2,368,925
[1]
Total revenues include
 
net interest income, service charges on deposit accounts,
 
other service fees, mortgage banking activities, net
 
gain on sale
of debt securities, net gain, including impairment on equity securities,
 
net (loss) profit on trading account debt securities
 
,
 
net (loss) gain on sale of
loans, including valuation adjustments on loans held-for-sale,
 
adjustments to indemnity reserves on loans sold, and
 
other operating income.
Selected Balance Sheet Information
(In thousands)
2022
2021
2020
Puerto Rico
Total assets
$
53,541,427
$
63,221,282
$
54,143,954
Loans
20,884,442
19,770,118
20,413,112
Deposits
51,138,790
57,211,608
47,586,880
United States
Total assets
$
12,718,775
$
10,986,055
$
10,878,030
Loans
10,643,964
8,903,493
8,396,983
Deposits
8,182,702
7,777,232
7,672,549
Other
Total assets
$
1,377,715
$
890,562
$
904,016
Loans
554,744
626,115
674,556
Deposits
[1]
1,905,735
2,016,248
1,606,911
[1]
Represents deposits from BPPR operations located in the
 
U.S. and British Virgin Islands.