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SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2024
SEGMENT INFORMATION [Abstract]  
Information by Segment [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following tables present information about the reportable segments for
 
the indicated periods:
Mortgage
Banking
Consumer
(Retail) Banking
Commercial and
Corporate
Banking
Treasury and
Investments
United States
Operations
Virgin Islands
Operations
Total
(In thousands)
Year Ended December
 
31, 2024
Interest income
$
127,189
$
423,738
$
251,899
$
116,734
$
146,637
$
28,956
$
1,095,153
Net (charge) credit for transfer of funds
(54,734)
284,065
(78,291)
(184,627)
(7,215)
40,802
-
Interest expense
-
(156,983)
(15,936)
(44,258)
(61,434)
(9,063)
(287,674)
Net interest income (loss)
72,455
550,820
157,672
(112,151)
77,988
60,695
807,479
Provision for credit losses - (benefit) expense
(15,526)
95,315
(12,928)
(50)
(6,661)
(229)
59,921
Non-interest income
13,507
96,239
6,996
455
3,589
9,936
130,722
Non-interest expenses:
 
Employees' compensation and benefits
27,144
139,176
19,538
3,648
28,203
17,986
235,695
 
Occupancy and equipment
5,858
59,478
5,725
739
7,607
9,020
88,427
 
Business promotion
1,264
12,331
1,166
727
1,280
877
17,645
 
Professional fees
7,638
27,618
4,022
1,313
4,383
4,481
49,455
 
Taxes, other than income taxes
1,808
16,702
2,107
407
503
669
22,196
 
FDIC deposit insurance
1,832
3,415
2,926
-
962
683
9,818
 
Net (gain) loss on OREO operations
(5,553)
(51)
(2,483)
-
(4)
617
(7,474)
 
Credit and debit processing expenses
-
23,620
764
-
10
3,206
27,600
 
Other non-interest expenses
(1)
2,994
26,159
5,956
2,363
2,640
3,599
43,711
 
Total non-interest expenses
42,985
308,448
39,721
9,197
45,584
41,138
487,073
 
Segment income (loss)
$
58,503
$
243,296
$
137,875
$
(120,843)
$
42,654
$
29,722
$
391,207
Average interest-earning assets
$
2,134,551
$
4,042,201
$
3,518,554
$
5,850,884
$
2,176,701
$
403,365
$
18,126,256
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage
Banking
Consumer
(Retail) Banking
Commercial and
Corporate
Banking
Treasury and
Investments
United States
Operations
Virgin Islands
Operations
Total
(In thousands)
Year Ended December
 
31, 2023
Interest income
$
127,154
$
390,619
$
229,217
$
116,382
$
132,490
$
27,624
$
1,023,486
Net (charge) credit for transfer of funds
(51,380)
214,392
(71,813)
(111,433)
(12,830)
33,064
-
Interest expense
-
(120,705)
(15,091)
(36,893)
(48,862)
(4,825)
(226,376)
Net interest income (loss)
75,774
484,306
142,313
(31,944)
70,798
55,863
797,110
Provision for credit losses - (benefit) expense
(7,908)
66,072
(5,997)
20
8,687
66
60,940
Non-interest income
11,213
92,608
11,053
2,125
6,839
8,856
132,694
Non-interest expenses:
 
Employees' compensation and benefits
25,463
133,422
17,426
3,354
25,960
17,230
222,855
 
Occupancy and equipment
6,015
58,000
4,987
717
6,959
9,233
85,911
 
Business promotion
1,446
13,787
1,218
881
1,221
1,073
19,626
 
Professional fees
7,054
25,251
3,501
654
4,300
5,081
45,841
 
Taxes, other than income taxes
1,382
16,891
1,272
425
552
714
21,236
 
FDIC deposit insurance
2,879
5,043
4,311
-
1,524
1,116
14,873
 
Net (gain) loss on OREO operations
(7,305)
(58)
96
-
(150)
279
(7,138)
 
Credit and debit processing expenses
-
22,258
1,457
-
10
2,272
25,997
 
Other non-interest expenses
(1)
2,968
25,878
5,332
2,562
2,393
3,094
42,227
 
Total non-interest expenses
39,902
300,472
39,600
8,593
42,769
40,092
471,428
 
Segment income (loss)
$
54,993
$
210,370
$
119,763
$
(38,432)
$
26,181
$
24,561
$
397,436
Average interest-earning assets
$
2,149,445
$
3,770,393
$
3,299,209
$
6,186,018
$
2,072,292
$
389,489
$
17,866,846
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage
Banking
Consumer
(Retail) Banking
Commercial and
Corporate
Banking
Treasury and
Investments
United States
Operations
Virgin Islands
Operations
Total
(In thousands)
Year ended December
 
31, 2022:
Interest income
$
130,844
$
331,558
$
177,526
$
102,991
$
94,782
$
24,913
$
862,614
Net (charge) credit for transfer of funds
(52,746)
161,946
(30,130)
(96,178)
(9,065)
26,173
-
Interest expense
-
(30,301)
(3,620)
(20,777)
(11,549)
(1,074)
(67,321)
Net interest income (loss)
78,098
463,203
143,776
(13,964)
74,168
50,012
795,293
Provision for credit losses - (benefit) expense
(7,936)
54,934
(17,759)
(434)
(3,073)
1,964
27,696
Non-interest income
15,698
88,857
7,274
(161)
3,006
8,418
123,092
Non-interest expenses:
 
Employees' compensation and benefits
24,460
120,356
16,841
3,168
24,626
16,587
206,038
 
Occupancy and equipment
6,647
58,036
5,449
814
7,141
10,190
88,277
 
Business promotion
1,371
12,754
1,061
901
1,104
1,040
18,231
 
Professional fees
7,716
25,120
3,990
1,292
4,472
5,258
47,848
 
Taxes, other than income taxes
964
17,105
816
370
419
593
20,267
 
FDIC deposit insurance
1,346
1,983
1,793
-
565
462
6,149
 
Net (gain) loss on OREO operations
(6,391)
27
610
-
(172)
100
(5,826)
 
Credit and debit processing expenses
-
19,452
1,292
-
11
1,981
22,736
 
Other non-interest expenses
(1)
2,802
23,644
4,619
2,451
2,531
3,338
39,385
 
Total non-interest expenses
38,915
278,477
36,471
8,996
40,697
39,549
443,105
 
Segment income (loss)
$
62,817
$
218,649
$
132,338
$
(22,687)
$
39,550
$
16,917
$
447,584
Average interest-earning assets
$
2,240,946
$
3,372,309
$
3,165,020
$
7,300,208
$
2,069,030
$
369,591
$
18,517,104
(1)
Consists of communication expenses and the expense categories included
 
in Note 19 - “Other Non-Interest Expenses.”
Reconciliation of the Reportable Segment Financial Information [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents a reconciliation of the reportable segment financial information to the consolidated totals for the indicated periods:
Year Ended
 
December 31,
2024
2023
2022
(In thousands)
Average assets:
Total average interest-earning assets for segments
 
$
18,126,256
$
17,866,846
$
18,517,104
Average non-interest-earning assets
(1)
 
835,100
839,577
861,545
 
Total consolidated average assets
$
18,961,356
$
18,706,423
$
19,378,649
(1)
Includes, among other things, non-interest-earning cash, premises
 
and equipment, net deferred tax asset, ROU assets, and accrued interest receivable
 
on loans and investments.
Revenues and Selected Balance Sheet Data by Geography [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents revenues (interest income plus non-interest income) and selected balance sheet data by geography based on the
location in which the transaction was originated as of the indicated dates:
2024
2023
2022
(In thousands)
Revenues:
 
Puerto Rico
$
1,036,757
$
980,371
$
854,587
 
United States
150,226
139,329
97,788
 
Virgin Islands
38,892
36,480
33,331
 
Total consolidated revenues
$
1,225,875
$
1,156,180
$
985,706
Selected Balance Sheet Information:
Total assets:
 
Puerto Rico
$
16,427,587
$
16,308,000
$
16,020,987
 
United States
2,403,379
2,141,427
2,213,333
 
Virgin Islands
461,955
460,122
400,164
Loans:
 
Puerto Rico
$
10,036,686
$
9,745,872
$
9,097,013
 
United States
2,295,234
2,022,261
2,088,351
 
Virgin Islands
429,912
424,718
379,767
Deposits:
 
Puerto Rico
(1)
$
13,562,227
$
13,429,303
$
12,933,570
 
United States
(2)
1,864,772
1,631,402
1,623,725
 
Virgin Islands
1,444,299
1,495,280
1,586,172
(1)
For 2024, 2023, and 2022, includes $
33.0
 
million, $
420.2
 
million, and $
1.4
 
million, respectively, of brokered CDs
 
allocated to Puerto Rico operations.
(2)
For 2024, 2023, and 2022, includes $
445.1
 
million, $
363.1
 
million, and $
104.4
 
million, respectively, of brokered
 
CDs allocated to United States operations.