Segment reporting (Tables) |
9 Months Ended |
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Sep. 30, 2024 | |
Table Text Block | |
Results of Operations and Total Assets | 2024 For the quarter ended September 30, 2024 Intersegment (In thousands) BPPR Popular U.S. Eliminations Net interest income $ 488,008 $ 93,128 $ - Provision for credit losses (benefit) 77,514 (6,066) - Non-interest income 149,050 6,789 - Amortization of intangibles 394 310 - Depreciation expense 13,023 2,063 - Other operating expenses 390,227 62,356 - Income tax expense 30,064 12,472 - Net income $ 125,836 $ 28,782 $ - Segment assets $ 56,906,693 $ 14,306,045 $ (260,464) For the quarter ended September 30, 2024 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 581,136 $ (8,663) $ - $ 572,473 Provision for credit losses 71,448 - - 71,448 Non-interest income 155,839 8,876 (633) 164,082 Amortization of intangibles 704 - - 704 Depreciation expense 15,086 385 - 15,471 Other operating expenses 452,583 (391) (1,046) 451,146 Income tax expense (benefit) 42,536 (279) 206 42,463 Net income $ 154,618 $ 498 $ 207 $ 155,323 Segment assets $ 70,952,274 $ 5,887,340 $ (5,516,540) $ 71,323,074 For the nine months ended September 30, 2024 Intersegment (In thousands) BPPR Popular U.S. Eliminations Net interest income $ 1,449,594 $ 263,832 $ - Provision for credit losses 188,576 1,806 - Non-interest income 447,073 19,909 (56) Amortization of intangibles 1,302 931 - Depreciation expense 39,349 6,210 - Other operating expenses 1,170,263 197,307 (56) Income tax expense 92,810 23,917 - Net income $ 404,367 $ 53,570 $ - Segment assets $ 56,906,693 $ 14,306,045 $ (260,464) For the nine months ended September 30, 2024 Reportable Total (In thousands) Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,713,426 $ (21,897) $ - $ 1,691,529 Provision for credit losses 190,382 458 - 190,840 Non-interest income 466,926 31,314 (4,034) 494,206 Amortization of intangibles 2,233 - - 2,233 Depreciation expense 45,559 1,161 - 46,720 Other operating expenses 1,367,514 7,004 (3,461) 1,371,057 Income tax expense 116,727 21,921 (158) 138,490 Net income (loss) $ 457,937 $ (21,127) $ (415) $ 436,395 Segment assets $ 70,952,274 $ 5,887,340 $ (5,516,540) $ 71,323,074 2023 For the quarter ended September 30, 2023 Intersegment (In thousands) BPPR Eliminations Net interest income $ 453,879 $ 87,445 $ 1 Provision for credit losses (benefit) 51,899 (6,644) - Non-interest income 144,691 5,894 (134) Amortization of intangibles 484 311 - Goodwill impairment charge - 23,000 - Depreciation expense 12,880 1,962 - Other operating expenses 369,738 58,341 (134) Income tax expense 40,861 5,358 - Net income $ 122,708 $ 11,011 $ 1 Segment assets $ 57,039,000 $ 12,806,630 $ (448,100) For the quarter ended September 30, 2023 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 541,325 $ (7,305) $ - $ 534,020 Provision for credit losses (benefit) 45,255 (138) - 45,117 Non-interest income 150,451 10,179 (1,081) 159,549 Amortization of intangibles 795 - - 795 Goodwill impairment charge 23,000 - - 23,000 Depreciation expense 14,842 381 - 15,223 Other operating expenses 427,945 180 (1,159) 426,966 Income tax expense (benefit) 46,219 (396) 36 45,859 Net income $ 133,720 $ 2,847 $ 42 $ 136,609 Segment assets $ 69,397,530 $ 5,554,370 $ (5,214,964) $ 69,736,936 For the nine months ended September 30, 2023 Intersegment (In thousands) BPPR Popular U.S. Net interest income $ 1,356,774 $ 265,033 $ 2 Provision for credit losses 126,952 3,328 - Non-interest income 435,966 18,165 (404) Amortization of intangibles 1,453 932 - Goodwill impairment charge - 23,000 - Depreciation expense 36,424 5,661 - Other operating expenses 1,119,522 182,809 (404) Income tax expense 120,996 16,184 - Net income $ 387,393 $ 51,284 $ 2 Segment assets $ 57,039,000 $ 12,806,630 $ (448,100) For the nine months ended September 30, 2023 Reportable Total (In thousands) Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,621,809 $ (24,465) $ - $ 1,597,344 Provision for credit losses (benefit) 130,280 (334) - 129,946 Non-interest income 453,727 32,905 (4,651) 481,981 Amortization of intangibles 2,385 - - 2,385 Goodwill impairment charge 23,000 - - 23,000 Depreciation expense 42,085 1,095 - 43,180 Other operating expenses 1,301,927 (146) (3,391) 1,298,390 Income tax expense (benefit) 137,180 (1,006) (498) 135,676 Net income $ 438,679 $ 8,831 $ (762) $ 446,748 Segment assets $ 69,397,530 $ 5,554,370 $ (5,214,964) $ 69,736,936 |
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area | Geographic Information Quarter ended Nine months ended (In thousands) September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Revenues: [1] $ 582,953 $ 539,985 $ 1,735,035 $ 1,623,963 133,067 131,698 386,819 389,463 20,535 21,886 63,881 65,899 Total consolidated $ 736,555 $ 693,569 $ 2,185,735 $ 2,079,325 [1] Total revenues include including impairment, on equity securities, net gain on trading on loans held-for-sale, adjustments to indemnity reserves Selected Balance Sheet Information: (In thousands) September 30, 2024 December 31, 2023 Puerto Rico Total assets $ 54,200,914 $ 54,181,300 Loans 23,672,112 22,519,961 Deposits 50,759,657 51,282,007 United States Total assets $ 15,883,947 $ 15,343,156 Loans 11,998,043 12,006,012 Deposits 11,203,741 10,643,602 Other Total assets $ 1,238,213 $ 1,233,699 Loans [1] 530,321 543,299 Deposits [2] 1,705,103 1,692,634 [1] Represents loans from BPPR operations located in the U.S. [2] Represents deposits from BPPR operations located in the |