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Segment reporting (Tables) | 9 Months Ended
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Sep. 30, 2018
Table Text Block |
Schedule Of Segment Reporting Information By Segment Text Block |
2018
For the quarter ended September 30, 2018
|  |  |  | Banco Popular |  |  |  | Intersegment
(In thousands) |  |  |  | de Puerto Rico |  | Popular Bank |  | Eliminations
Net interest income |  |  | $ | 388,533 | $ | 76,184 | $ | 3
Provision for loan losses |  |  |  | 51,911 |  | 2,510 |  | -
Non-interest income |  |  |  | 135,762 |  | 5,530 |  | (141)
Amortization of intangibles |  |  |  | 2,157 |  | 167 |  | -
Depreciation expense |  |  |  | 11,135 |  | 2,185 |  | -
Other operating expenses |  |  |  | 282,124 |  | 44,279 |  | (136)
Income tax expense |  |  |  | 39,421 |  | 10,439 |  | -
Net income |  |  | $ | 137,547 | $ | 22,134 | $ | (2)
Segment assets |  |  | $ | 38,338,571 | $ | 9,388,787 | $ | (112,222)
For the quarter ended September 30, 2018
|  | Reportable |  |  |  |  |  |
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | Total Popular, Inc.
Net interest income (expense) | $ | 464,720 | $ | (13,251) | $ | - | $ | 451,469
Provision (reversal) for loan losses |  | 54,421 |  | (34) |  | - |  | 54,387
Non-interest income |  | 141,151 |  | 9,960 |  | (90) |  | 151,021
Amortization of intangibles |  | 2,324 |  | - |  | - |  | 2,324
Depreciation expense |  | 13,320 |  | 188 |  | - |  | 13,508
Other operating expenses |  | 326,267 |  | 23,995 |  | (657) |  | 349,605
Income tax expense (benefit) |  | 49,860 |  | (8,070) |  | 228 |  | 42,018
Net income (loss) | $ | 159,679 | $ | (19,370) | $ | 339 | $ | 140,648
Segment assets | $ | 47,615,136 | $ | 5,478,884 | $ | (5,174,592) | $ | 47,919,428
For the nine months ended September 30, 2018
|  |  |  | Banco Popular |  |  |  | Intersegment
(In thousands) |  |  |  | de Puerto Rico |  | Popular Bank |  | Eliminations
Net interest income |  |  | $ | 1,073,522 | $ | 226,654 | $ | 5
Provision for loan losses |  |  |  | 154,805 |  | 30,774 |  | -
Non-interest income |  |  |  | 452,577 |  | 15,010 |  | (420)
Amortization of intangibles |  |  |  | 6,474 |  | 499 |  | -
Depreciation expense |  |  |  | 32,069 |  | 6,466 |  | -
Other operating expenses |  |  |  | 777,574 |  | 135,305 |  | (409)
Income tax expense |  |  |  | 41,088 |  | 15,759 |  | -
Net income |  |  | $ | 514,089 | $ | 52,861 | $ | (6)
Segment assets |  |  | $ | 38,338,571 | $ | 9,388,787 | $ | (112,222)
For the nine months ended September 30, 2018
|  | Reportable |  |  |  |  |  |
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | Total Popular, Inc.
Net interest income (expense) | $ | 1,300,181 | $ | (41,529) | $ | - | $ | 1,258,652
Provision (reversal) for loan losses |  | 185,579 |  | (75) |  | - |  | 185,504
Non-interest income |  | 467,167 |  | 33,698 |  | (1,538) |  | 499,327
Amortization of intangibles |  | 6,973 |  | - |  | - |  | 6,973
Depreciation expense |  | 38,535 |  | 548 |  | - |  | 39,083
Other operating expenses |  | 912,470 |  | 68,766 |  | (2,185) |  | 979,051
Income tax expense (benefit) |  | 56,847 |  | (21,505) |  | 271 |  | 35,613
Net income (loss) | $ | 566,944 | $ | (55,565) | $ | 376 | $ | 511,755
Segment assets | $ | 47,615,136 | $ | 5,478,884 | $ | (5,174,592) | $ | 47,919,428
2017
For the quarter ended September 30, 2017
|  |  |  | Banco Popular |  |  |  | Intersegment
(In thousands) |  |  |  | de Puerto Rico |  | Popular Bank |  | Eliminations
Net interest income |  |  | $ | 321,145 | $ | 71,453 | $ | 7
Provision for loan losses |  |  |  | 118,177 |  | 42,544 |  | -
Non-interest income |  |  |  | 88,170 |  | 5,124 |  | (141)
Amortization of intangibles |  |  |  | 2,178 |  | 167 |  | -
Depreciation expense |  |  |  | 9,751 |  | 2,128 |  | -
Other operating expenses |  |  |  | 243,564 |  | 41,960 |  | (138)
Income tax benefit |  |  |  | (8,704) |  | (4,117) |  | -
Net income (loss) |  |  | $ | 44,349 | $ | (6,105) | $ | 4
Segment assets |  |  | $ | 33,031,839 | $ | 9,323,647 | $ | (24,615)
For the quarter ended September 30, 2017
|  | Reportable |  |  |  |  |  |
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | Total Popular, Inc.
Net interest income (expense) | $ | 392,605 | $ | (14,434) | $ | - | $ | 378,171
Provision for loan losses |  | 160,721 |  | 38 |  | - |  | 160,759
Non-interest income |  | 93,153 |  | 7,277 |  | (56) |  | 100,374
Amortization of intangibles |  | 2,345 |  | - |  | - |  | 2,345
Depreciation expense |  | 11,879 |  | 159 |  | - |  | 12,038
Other operating expenses |  | 285,386 |  | 17,944 |  | (625) |  | 302,705
Income tax benefit |  | (12,821) |  | (7,360) |  | 215 |  | (19,966)
Net income (loss) | $ | 38,248 | $ | (17,938) | $ | 354 | $ | 20,664
Segment assets | $ | 42,330,871 | $ | 5,003,304 | $ | (4,732,908) | $ | 42,601,267
For the nine months ended September 30, 2017
|  |  |  | Banco Popular |  |  |  | Intersegment
(In thousands) |  |  |  | de Puerto Rico |  | Popular Bank |  | Eliminations
Net interest income |  |  | $ | 951,024 | $ | 208,274 | $ | (207)
Provision for loan losses |  |  |  | 198,668 |  | 60,915 |  | -
Non-interest income |  |  |  | 290,042 |  | 15,259 |  | (431)
Amortization of intangibles |  |  |  | 6,535 |  | 499 |  | -
Depreciation expense |  |  |  | 29,296 |  | 6,191 |  | -
Other operating expenses |  |  |  | 713,594 |  | 123,940 |  | (414)
Income tax expense |  |  |  | 56,946 |  | 13,202 |  | (93)
Net income |  |  | $ | 236,027 | $ | 18,786 | $ | (131)
Segment assets |  |  | $ | 33,031,839 | $ | 9,323,647 | $ | (24,615)
For the nine months ended September 30, 2017
|  | Reportable |  |  |  |  |  |
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | Total Popular, Inc.
Net interest income (expense) | $ | 1,159,091 | $ | (44,343) | $ | - | $ | 1,114,748
Provision for loan losses |  | 259,583 |  | 308 |  | (5,955) |  | 253,936
Non-interest income |  | 304,870 |  | 29,616 |  | (1,450) |  | 333,036
Amortization of intangibles |  | 7,034 |  | - |  | - |  | 7,034
Depreciation expense |  | 35,487 |  | 479 |  | - |  | 35,966
Other operating expenses |  | 837,120 |  | 57,145 |  | (2,024) |  | 892,241
Income tax expense (benefit) |  | 70,055 |  | (23,819) |  | 2,536 |  | 48,772
Net income (loss) | $ | 254,682 | $ | (48,840) | $ | 3,993 | $ | 209,835
Segment assets | $ | 42,330,871 | $ | 5,003,304 | $ | (4,732,908) | $ | 42,601,267
2018
For the quarter ended September 30, 2018
Banco Popular de Puerto Rico
|  |  |  | Consumer |  | Other |  | Eliminations |  | Total Banco
|  | Commercial |  | and Retail |  | Financial |  | and Other |  | Popular de
(In thousands) |  | Banking |  | Banking |  | Services |  | Adjustments [1] |  | Puerto Rico
Net interest income | $ | 145,397 | $ | 241,920 | $ | 1,232 | $ | (16) | $ | 388,533
Provision for loan losses |  | 25,580 |  | 26,331 |  | - |  | - |  | 51,911
Non-interest income |  | 23,630 |  | 88,866 |  | 23,663 |  | (397) |  | 135,762
Amortization of intangibles |  | 50 |  | 1,069 |  | 1,038 |  | - |  | 2,157
Depreciation expense |  | 4,697 |  | 6,287 |  | 151 |  | - |  | 11,135
Other operating expenses |  | 78,628 |  | 183,626 |  | 20,279 |  | (409) |  | 282,124
Income tax expense |  | 11,068 |  | 27,436 |  | 917 |  | - |  | 39,421
Net income | $ | 49,004 | $ | 86,037 | $ | 2,510 | $ | (4) | $ | 137,547
Segment assets | $ | 28,247,478 | $ | 22,672,941 | $ | 336,311 | $ | (12,918,159) | $ | 38,338,571
For the nine months ended September 30, 2018
Banco Popular de Puerto Rico
|  |  |  | Consumer |  | Other |  | Eliminations |  | Total Banco
|  | Commercial |  | and Retail |  | Financial |  | and Other |  | Popular de
(In thousands) |  | Banking |  | Banking |  | Services |  | Adjustments [1] |  | Puerto Rico
Net interest income | $ | 430,341 | $ | 639,149 | $ | 4,066 | $ | (34) | $ | 1,073,522
Provision for loan losses |  | 56,027 |  | 98,778 |  | - |  | - |  | 154,805
Non-interest income |  | 60,122 |  | 220,690 |  | 69,876 |  | 101,889 |  | 452,577
Amortization of intangibles |  | 153 |  | 3,209 |  | 3,112 |  | - |  | 6,474
Depreciation expense |  | 13,327 |  | 18,284 |  | 458 |  | - |  | 32,069
Other operating expenses |  | 199,528 |  | 518,147 |  | 52,679 |  | 7,220 |  | 777,574
Income tax expense |  | 52,640 |  | 46,625 |  | 5,711 |  | (63,888) |  | 41,088
Net income | $ | 168,788 | $ | 174,796 | $ | 11,982 | $ | 158,523 | $ | 514,089
Segment assets | $ | 28,247,478 | $ | 22,672,941 | $ | 336,311 | $ | (12,918,159) | $ | 38,338,571
[1] Includes the impact of the Termination Agreement with the FDIC and the Tax Closing Agreement entered into in connection with the FDIC transaction. These transactions resulted in a gain of $102.8 million reported in the non-interest income line, other operating expenses of $8.1 million and a net tax benefit of $63.9 million. Refer to Notes 10 and 32 to the Consolidated Financial Statements for additional information.
2017
For the quarter ended September 30, 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 | $ | 132,101 | $ | 186,827 | $ | 2,213 | $ | 4 | $ | 321,145
Provision for loan losses |  | 27,647 |  | 90,530 |  | - |  | - |  | 118,177
Non-interest income |  | 19,733 |  | 46,022 |  | 22,473 |  | (58) |  | 88,170
Amortization of intangibles |  | 54 |  | 1,066 |  | 1,058 |  | - |  | 2,178
Depreciation expense |  | 4,386 |  | 5,207 |  | 158 |  | - |  | 9,751
Other operating expenses |  | 61,843 |  | 164,981 |  | 16,809 |  | (69) |  | 243,564
Income tax expense (benefit) |  | 11,925 |  | (22,811) |  | 2,182 |  | - |  | (8,704)
Net income (loss) | $ | 45,979 | $ | (6,124) | $ | 4,479 | $ | 15 | $ | 44,349
Segment assets | $ | 21,258,790 | $ | 18,501,519 | $ | 522,008 | $ | (7,250,478) | $ | 33,031,839
For the nine months ended September 30, 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 | $ | 380,761 | $ | 564,956 | $ | 5,295 | $ | 12 | $ | 951,024
Provision for loan losses |  | 27,970 |  | 170,698 |  | - |  | - |  | 198,668
Non-interest income |  | 60,496 |  | 162,613 |  | 67,130 |  | (197) |  | 290,042
Amortization of intangibles |  | 158 |  | 3,206 |  | 3,171 |  | - |  | 6,535
Depreciation expense |  | 12,994 |  | 15,759 |  | 543 |  | - |  | 29,296
Other operating expenses |  | 177,278 |  | 492,939 |  | 43,606 |  | (229) |  | 713,594
Income tax expense (benefit) |  | 60,780 |  | (12,760) |  | 8,926 |  | - |  | 56,946
Net income | $ | 162,077 | $ | 57,727 | $ | 16,179 | $ | 44 | $ | 236,027
Segment assets | $ | 21,258,790 | $ | 18,501,519 | $ | 522,008 | $ | (7,250,478) | $ | 33,031,839
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area Table [TextBlock] |
Geographic Information |  |  |  |
|  | Quarter ended |  | Nine months ended
(in thousands) |  | September 30, 2018 |  | September 30, 2017 |  | September 30, 2018 |  | September 30, 2017
Revenues: |  |  |  |  |  |  |  |
Puerto Rico | $ | 493,512 | $ | 378,790 | $ | 1,435,099 | $ | 1,157,324
United States |  | 90,659 |  | 81,652 |  | 264,232 |  | 234,778
Other |  | 18,319 |  | 18,103 |  | 58,648 |  | 55,682
Total consolidated revenues | $ | 602,490 | $ | 478,545 | $ | 1,757,979 | $ | 1,447,784
[1] Total revenues include net interest income (expense), service charges on deposit accounts, other service fees, mortgage banking activities, net gain (loss) and valuation adjustments on investment securities, trading account (loss) profit, net (loss) gain on sale of loans and valuation adjustments on loans held-for-sale, adjustments to indemnity reserves on loans sold, FDIC loss share (expense) income and other operating income.
Selected Balance Sheet Information:
(In thousands) |  | September 30, 2018 |  | December 31, 2017
Puerto Rico |  |  |  |
Total assets | $ | 37,167,038 | $ | 33,705,624
Loans |  | 18,782,224 |  | 17,591,078
Deposits |  | 31,171,092 |  | 27,575,292
United States |  |  |  |
Total assets | $ | 9,855,363 | $ | 9,648,865
Loans |  | 7,085,761 |  | 6,608,056
Deposits |  | 6,956,336 |  | 6,635,153
Other |  |  |  |
Total assets | $ | 897,027 | $ | 922,848
Loans |  | 695,925 |  | 743,329
Deposits [1] |  | 1,521,399 |  | 1,243,063
[1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

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