Segment reporting (Tables)

12 Months Ended

Dec. 31, 2019

Table Text Block

Results of Operations and Total Assets

December 31, 2019
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular U.S.		Eliminations
Net interest income			$	1,633,950	$	295,470	$	(51)
Provision for loan losses				135,495		30,028		-
Non-interest income				506,739		23,160		(561)
Amortization of intangibles				8,610		664		-
Depreciation expense				49,058		8,263		-
Other operating expenses				1,208,458		205,219		(547)
Income tax expense				129,145		19,164		-
Net income			$	609,923	$	55,292	$	(65)
Segment assets			$	41,756,864	$	10,056,316	$	(18,576)
December 31, 2019
		Reportable						Total
(In thousands)		Segments		Corporate		Eliminations		Popular, Inc.
Net interest income (expense)	$	1,929,369	$	(37,675)	$	-	$	1,891,694
Provision for loan losses		165,523		256		-		165,779
Non-interest income		529,338		43,901		(3,356)		569,883
Amortization of intangibles		9,274		96		-		9,370
Depreciation expense		57,321		746		-		58,067
Other operating expenses		1,413,130		55		(3,140)		1,410,045
Income tax expense (expense)		148,309		(1,041)		(87)		147,181
Net income	$	665,150	$	6,114	$	(129)	$	671,135
Segment assets	$	51,794,604	$	5,228,276	$	(4,907,556)	$	52,115,324

December 31, 2018
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular U.S.		Eliminations
Net interest income			$	1,482,178	$	304,576	$	(2)
Provision for loan losses				198,442		29,881		-
Non-interest income				592,938		19,988		(560)
Amortization of intangibles				8,620		665		-
Depreciation expense				43,504		9,053		-
Other operating expenses				1,073,012		182,154		(546)
Income tax expense				121,195		25,294		-
Net income			$	630,343	$	77,517	$	(16)
Segment assets			$	38,037,696	$	9,381,636	$	(114,923)
December 31, 2018
		Reportable						Total
(In thousands)		Segments		Corporate		Eliminations		Popular, Inc.
Net interest income (expense)	$	1,786,752	$	(51,875)	$	-	$	1,734,877
Provision (reversal) for loan losses		228,323		(251)		-		228,072
Non-interest income		612,366		42,914		(2,786)		652,494
Amortization of intangibles		9,285		41		-		9,326
Depreciation expense		52,557		743		-		53,300
Loss on early extinguishment of debt		-		12,522		-		12,522
Other operating expenses		1,254,620		94,640		(2,846)		1,346,414
Income tax expense (benefit)		146,489		(26,947)		37		119,579
Net income (loss)	$	707,844	$	(89,709)	$	23	$	618,158
Segment assets	$	47,304,409	$	5,099,491	$	(4,799,323)	$	47,604,577

December 31, 2017
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular U.S.		Eliminations
Net interest income			$	1,279,844	$	280,946	$	(217)
Provision for loan losses				253,032		77,944		-
Non-interest income				364,164		20,430		(572)
Amortization of intangibles				8,713		665		-
Depreciation expense				39,162		8,553		-
Other operating expenses				957,924		170,042		(551)
Income tax expense				72,741		191,749		(93)
Net income (loss)			$	312,436	$	(147,577)	$	(145)
Segment assets			$	34,843,668	$	9,168,256	$	(16,992)
December 31, 2017
		Reportable						Total
(In thousands)		Segments		Corporate		Eliminations		Popular, Inc.
Net interest income (expense)	$	1,560,573	$	(58,609)	$	-	$	1,501,964
Provision for loan losses		330,976		403		(5,955)		325,424
Non-interest income		384,022		37,949		(2,804)		419,167
Amortization of intangibles		9,378		-		-		9,378
Depreciation expense		47,715		649		-		48,364
Other operating expenses		1,127,415		74,731		(2,692)		1,199,454
Income tax expense (benefit)		264,397		(35,835)		2,268		230,830
Net income (loss)	$	164,714	$	(60,608)	$	3,575	$	107,681
Segment assets	$	43,994,932	$	5,046,153	$	(4,763,748)	$	44,277,337

December 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	$	619,926	$	1,009,196	$	4,828	$	-	$	1,633,950
Provision (reversal) for loan losses		(46,099)		181,594		-		-		135,495
Non-interest income		99,758		303,268		106,218		(2,505)		506,739
Amortization of intangibles		195		4,294		4,121		-		8,610
Depreciation expense		20,024		28,411		623		-		49,058
Other operating expenses		309,762		835,582		65,631		(2,517)		1,208,458
Income tax expense		104,636		11,999		12,510		-		129,145
Net income	$	331,166	$	250,584	$	28,161	$	12	$	609,923
Segment assets	$	34,340,842	$	23,976,004	$	380,557	$	(16,940,539)	$	41,756,864

December 31, 2017
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	$	518,404	$	753,922	$	7,499	$	19	$	1,279,844
Provision for loan losses		8,911		244,121		-		-		253,032
Non-interest income		79,630		194,741		90,222		(429)		364,164
Amortization of intangibles		211		4,274		4,228		-		8,713
Depreciation expense		17,338		21,120		704		-		39,162
Other operating expenses		239,369		656,998		62,030		(473)		957,924
Income tax expense (benefit)		93,378		(31,404)		10,767		-		72,741
Net income	$	238,827	$	53,554	$	19,992	$	63	$	312,436
Segment assets	$	21,735,909	$	20,180,173	$	520,717	$	(7,593,131)	$	34,843,668

Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area

(In thousands)			2019		2018		2017
Revenues:[1]
	Puerto Rico	$	2,016,089	$	1,953,671	$	1,527,758
	United States		371,368		357,680		318,093
	Other		74,120		76,020		75,280
Total consolidated revenues		$	2,461,577	$	2,387,371	$	1,921,131
[1]	Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net (loss) gain on sale of debt securities, other-than-temporary impairment losses on debt securities, net gain (loss), including impairment on equity securities, net profit (loss) on trading account debt securities, net gain (loss) on sale of loans, including valuation adjustments on loans held-for-sale, indemnity reserves on loans sold expense, FDIC loss-share income (expense) and other operating income.

Selected Balance Sheet Information
(In thousands)			2019		2018		2017
Puerto Rico
	Total assets	$	40,544,255	$	36,863,930	$	33,705,624
	Loans		18,989,286		18,837,742		17,591,078
	Deposits		34,664,243		31,237,529		27,575,292
United States
	Total assets	$	10,693,536	$	9,847,944	$	9,648,865
	Loans		7,819,187		7,034,075		6,608,056
	Deposits		7,664,792		6,878,599		6,635,153
Other
	Total assets	$	877,533	$	892,703	$	922,848
	Loans		657,603		687,494		743,329
	Deposits [1]		1,429,571		1,593,911		1,243,063
[1]	Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.