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Segment reporting (Tables)

9 Months Ended

Sep. 30, 2014

Schedule Of Segment Reporting Information By Segment Text Block

For the quarter ended September 30, 2014
		Banco Popular		Banco Popular		Intersegment
(In thousands)		de Puerto Rico		North America		Eliminations
Net interest income	$	315,743	$	26,399	$	-
Provision for loan losses		74,350		6,298		-
Non-interest income		97,592		17,394		-
Amortization of intangibles		1,824		202		-
Depreciation expense		9,770		1,632		-
Other operating expenses		233,797		46,183		-
Income tax expense		31,374		847		-
Net income (loss)	$	62,220	$	(11,369)	$	-
Segment assets	$	26,765,013	$	6,004,162	$	(24,265)

For the quarter ended September 30, 2014
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	342,142	$	(15,721)	$	-	$	326,421
Provision (reversal of provision) for loan losses		80,648		(19)		-		80,629
Non-interest income		114,986		9,401		(57)		124,330
Amortization of intangibles		2,026		-		-		2,026
Depreciation expense		11,402		165		-		11,567
Other operating expenses		279,980		17,746		(679)		297,047
Income tax expense (benefit)		32,221		(5,796)		242		26,667
Net income (loss)	$	50,851	$	(18,416)	$	380	$	32,815
Segment assets	$	32,744,910	$	4,909,361	$	(4,684,229)	$	32,970,042

For the nine months ended September 30, 2014
		Banco Popular		Banco Popular		Intersegment
(In thousands)		de Puerto Rico		North America		Eliminations
Net interest income	$	977,692	$	126,518	$	-
Provision (reversal of provision) for loan losses		240,619		(18,281)		-
Non-interest income		204,186		46,183		-
Amortization of intangibles		5,470		607		-
Depreciation expense		29,092		5,016		-
Other operating expenses		654,842		122,185		-
Income tax expense		53,359		2,539		-
Net income	$	198,496	$	60,635	$	-
Segment assets	$	26,765,013	$	6,004,162	$	(24,265)

For the nine months ended September 30, 2014
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	1,104,210	$	(485,999)	$	-	$	618,211
Provision (reversal of provision) for loan losses		222,338		(195)		-		222,143
Non-interest income		250,369		34,157		(1,375)		283,151
Amortization of intangibles		6,077		-		-		6,077
Depreciation expense		34,108		490		-		34,598
Other operating expenses		777,027		48,048		(2,072)		823,003
Income tax expense (benefit)		55,898		(10,363)		272		45,807
Net income (loss)	$	259,131	$	(489,822)	$	425	$	(230,266)
Segment assets	$	32,744,910	$	4,909,361	$	(4,684,229)	$	32,970,042

For the quarter ended September 30, 2013
		Banco Popular		Banco Popular		Intersegment
(In thousands)		de Puerto Rico		North America		Eliminations
Net interest income	$	309,946	$	49,985	$	-
Provision (reversal of provision) for loan losses		67,856		(1,760)		-
Non-interest income		90,995		11,183		-
Amortization of intangibles		1,788		202		-
Depreciation expense		9,630		1,992		-
Other operating expenses		232,612		38,237		-
Income tax expense		26,407		937		-
Net income	$	62,648	$	21,560	$	-

For the quarter ended September 30, 2013
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	359,931	$	(28,919)	$	-	$	331,012
Provision for loan losses		66,096		52		-		66,148
Non-interest income		102,178		184,583		(52)		286,709
Amortization of intangibles		1,990		-		-		1,990
Depreciation expense		11,622		159		-		11,781
Loss on early extinguishment of debt		-		3,388		-		3,388
Other operating expenses		270,849		20,983		(699)		291,133
Income tax expense (benefit)		27,344		(9,799)		223		17,768
Net income	$	84,208	$	140,881	$	424	$	225,513

For the nine months ended September 30, 2013
		Banco Popular		Banco Popular		Intersegment
(In thousands)		de Puerto Rico		North America		Eliminations
Net interest income	$	929,722	$	142,861	$	-
Provision for loan losses		545,685		1,555		-
Non-interest income		210,703		25,615		-
Amortization of intangibles		5,363		606		-
Depreciation expense		29,702		6,068		-
Other operating expenses		707,973		112,879		-
Income tax (benefit) expense		(262,224)		2,809		-
Net income	$	113,926	$	44,559	$	-

For the nine months ended September 30, 2013
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	1,072,583	$	(82,516)	$	-	$	990,067
Provision for loan losses		547,240		32		-		547,272
Non-interest income		236,318		370,869		(1,450)		605,737
Amortization of intangibles		5,969		-		-		5,969
Depreciation expense		35,770		484		-		36,254
Loss on early extinguishment of debt		-		3,388		-		3,388
Other operating expenses		820,852		52,985		(2,067)		871,770
Income tax benefit		(259,415)		(17,190)		116		(276,489)
Net income	$	158,485	$	248,654	$	501	$	407,640

For the quarter ended September 30, 2014
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	$	126,393	$	187,120	$	2,230	$	-	$	315,743
Provision for loan losses		24,811		49,539		-		-		74,350
Non-interest (expense) income		(421)		74,999		23,060		(46)		97,592
Amortization of intangibles		1		1,708		115		-		1,824
Depreciation expense		4,166		5,331		273		-		9,770
Other operating expenses		69,124		147,557		17,162		(46)		233,797
Income tax expense		8,780		20,174		2,420		-		31,374
Net income	$	19,090	$	37,810	$	5,320	$	-	$	62,220
Segment assets	$	10,292,238	$	18,349,454	$	617,315	$	(2,493,994)	$	26,765,013

For the nine months ended September 30, 2014
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	$	402,759	$	567,816	$	7,117	$	-	$	977,692
Provision for loan losses		132,879		107,740		-		-		240,619
Non-interest (expense) income		(6,878)		141,393		69,753		(82)		204,186
Amortization of intangibles		3		5,126		341		-		5,470
Depreciation expense		12,189		16,061		842		-		29,092
Other operating expenses		183,889		421,777		49,258		(82)		654,842
Income tax expense		10,698		33,776		8,885		-		53,359
Net income	$	56,223	$	124,729	$	17,544	$	-	$	198,496
Segment assets	$	10,292,238	$	18,349,454	$	617,315	$	(2,493,994)	$	26,765,013

For the quarter ended September 30, 2013
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	$	122,706	$	184,522	$	2,718	$	-	$	309,946
Provision for loan losses		6,898		60,958		-		-		67,856
Non-interest income		10,231		61,736		19,044		(16)		90,995
Amortization of intangibles		1		1,708		79		-		1,788
Depreciation expense		4,066		5,260		304		-		9,630
Other operating expenses		75,088		140,933		16,607		(16)		232,612
Income tax expense		19,411		5,701		1,295		-		26,407
Net income	$	27,473	$	31,698	$	3,477	$	-	$	62,648

For the nine months ended September 30, 2013
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	$	355,225	$	567,223	$	7,274	$	-	$	929,722
Provision for loan losses		146,510		399,175		-		-		545,685
Non-interest (expense) income		(35,253)		176,172		69,835		(51)		210,703
Amortization of intangibles		3		5,127		233		-		5,363
Depreciation expense		12,906		15,874		922		-		29,702
Other operating expenses		222,384		434,810		50,830		(51)		707,973
Income tax (benefit) expense		(73,123)		(196,194)		7,093		-		(262,224)
Net income	$	11,292	$	84,603	$	18,031	$	-	$	113,926

For the quarter ended September 30, 2014
Banco Popular North America
(In thousands)		Banco Popular North America		E-LOAN		Eliminations		Total Banco Popular North America
Net interest income	$	25,575	$	824	$	-	$	26,399
Provision for loan losses		5,804		494		-		6,298
Non-interest income		17,019		375		-		17,394
Amortization of intangibles		202		-		-		202
Depreciation expense		1,632		-		-		1,632
Other operating expenses		45,504		679		-		46,183
Income tax expense		847		-		-		847
Net (loss) income	$	(11,395)	$	26	$	-	$	(11,369)
Segment assets	$	6,727,781	$	270,083	$	(993,702)	$	6,004,162

For the nine months ended September 30, 2014
Banco Popular North America
		Banco Popular						Total Banco Popular North
(In thousands)		North America		E-LOAN		Eliminations		America
Net interest income	$	124,287	$	2,231	$	-	$	126,518
Reversal of provision for loan losses		(15,963)		(2,318)		-		(18,281)
Non-interest income		44,284		1,899		-		46,183
Amortization of intangibles		607		-		-		607
Depreciation expense		5,016		-		-		5,016
Other operating expenses		120,301		1,884		-		122,185
Income tax expense		2,539		-		-		2,539
Net income	$	56,071	$	4,564	$	-	$	60,635
Segment assets	$	6,727,781	$	270,083	$	(993,702)	$	6,004,162

For the quarter ended September 30, 2013
Banco Popular North America
								Total Banco
		Banco Popular						Popular North
(In thousands)		North America		E-LOAN		Eliminations		America
Net interest income	$	49,265	$	720	$	-	$	49,985
Reversal of provision for loan losses		(29)		(1,731)		-		(1,760)
Non-interest income		9,326		1,857		-		11,183
Amortization of intangibles		202		-		-		202
Depreciation expense		1,992		-		-		1,992
Other operating expenses		37,628		609		-		38,237
Income tax expense		937		-		-		937
Net income	$	17,861	$	3,699	$	-	$	21,560

For the nine months ended September 30, 2013
Banco Popular North America
								Total Banco
		Banco Popular						Popular North
(In thousands)		North America		E-LOAN		Eliminations		America
Net interest income	$	140,493	$	2,368	$	-	$	142,861
(Reversal of provision) provision for loan losses		(1,216)		2,771		-		1,555
Non-interest income		25,456		159		-		25,615
Amortization of intangibles		606		-		-		606
Depreciation expense		6,068		-		-		6,068
Other operating expenses		111,002		1,877		-		112,879
Income tax expense		2,809		-		-		2,809
Net income (loss)	$	46,680	$	(2,121)	$	-	$	44,559

Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area Table [TextBlock]

Geographic Information
		Quarter ended				Nine months ended
(In thousands)		September 30, 2014		September 30, 2013		September 30, 2014		September 30, 2013
Revenues:^[1]
Puerto Rico	$	384,805	$	540,721	$	661,565	$	1,378,361
United States		47,519		57,504		174,994		157,955
Other		18,427		19,496		64,803		59,488
Total consolidated revenues	$	450,751	$	617,721	$	901,362	$	1,595,804

Selected Balance Sheet Information:
(In thousands)		September 30, 2014		December 31, 2013
Puerto Rico
Total assets	$	25,616,813	$	25,714,758
Loans		17,657,925		18,107,764
Deposits		19,995,426		19,730,408
United States
Total assets	$	6,228,593	$	8,897,535
Loans		3,747,907		5,839,115
Deposits		3,530,796		6,007,159
Other
Total assets	$	1,124,636	$	1,137,040
Loans		785,655		759,840
Deposits ^[1]		939,883		973,578
[1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details