Revenue from contracts with customers (Tables)

9 Months Ended

Sep. 30, 2024

Revenue From Contract With Customer Abstract

Disaggregation Of Revenue [Table Text Block]

The following table presents the Corporation’s revenue streams from contracts with customers by reportable segment for the

quarters and nine months ended September 30, 2024 and 2023.

Quarter ended September 30,

Nine months ended September 30,

(In thousands)

2024

2024

BPPR

Popular U.S.

BPPR

Popular U.S.

Service charges on deposit accounts

$

35,699

$

2,616

$

105,770

$

7,513

Other service fees:

Debit card fees [1]

25,997

200

78,308

599

Insurance fees, excluding reinsurance

11,702

1,684

33,966

5,130

Credit card fees, excluding late fees and membership fees [1]

26,189

379

76,828

1,205

Sale and administration of investment products

8,387

-

23,664

-

Trust fees

6,902

-

20,810

-

Total revenue from contracts with customers [2]

$

114,876

$

4,879

$

339,346

$

14,447

[1]

Effective in the third quarter of 2024, the Corporation reclassified certain interchange fees, which were previously included jointly with credit card fees

from common network activity, as debit card fees. For the nine month period ended September 30, 2024, interchange fees of approximately $

22.2

 million,

corresponding to the first and second quarters were reclassified.

[2]

The amounts include intersegment transactions of $

0.6

 million and $

3.9

 million, respectively, for the quarter and nine months ended September 30, 2024.

Quarter ended September 30,

Nine months ended September 30,

(In thousands)

2023

2023

BPPR

Popular U.S.

BPPR

Popular U.S.

Service charges on deposit accounts

$

34,740

$

2,578

$

102,145

$

7,632

Other service fees:

Debit card fees [1]

24,390

213

73,489

654

Insurance fees, excluding reinsurance

11,487

1,535

34,437

4,130

Credit card fees, excluding late fees and membership fees [1]

25,336

340

77,128

1,255

Sale and administration of investment products

6,820

-

19,454

-

Trust fees

6,540

-

19,304

-

Total revenue from contracts with customers [2]

$

109,313

$

4,666

$

325,957

$

13,671

[1]

Effective in the third quarter of 2024, the Corporation reclassified certain interchange fees, which were previously included jointly with credit card fees

from common network activity, as debit card fees. For the quarter and nine month period ended September 30, 2023, interchange fees of approximately

$

11

 million and $

33.8

 million were reclassified.

[2]

The amounts include intersegment transactions of $

1.2

 million and $

5

 million, respectively, for the quarter and nine months ended September 30, 2023.