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Segment reporting (Tables)

12 Months Ended

Dec. 31, 2018

Table Text Block

Schedule Of Segment Reporting Information By Segment Text Block

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
(In thousands)		Segments		Corporate		Eliminations		Total 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
(In thousands)		Segments		Corporate		Eliminations		Total 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, 2016
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular U.S.		Eliminations
Net interest income			$	1,224,771	$	258,416	$	(474)
Provision for loan losses				154,785		15,266		-
Non-interest income				243,368		21,651		(119)
Amortization of intangibles				11,479		665		-
Goodwill impairment charge				3,801		-		-
Depreciation expense				39,505		6,715		-
Other operating expenses				952,894		174,585		(779)
Income tax expense				75,615		36,712		92
Net income			$	230,060	$	46,124	$	94
Segment assets			$	29,841,854	$	8,629,439	$	(31,397)
December 31, 2016
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	1,482,713	$	(60,658)	$	-	$	1,422,055
Provision (reversal) for loan losses		170,051		(35)		-		170,016
Non-interest income		264,900		35,705		(2,669)		297,936
Amortization of intangibles		12,144		-		-		12,144
Goodwill impairment charge		3,801		-		-		3,801
Depreciation expense		46,220		654		-		46,874
Other operating expenses		1,126,700		68,694		(2,578)		1,192,816
Income tax expense (benefit)		112,419		(33,617)		(18)		78,784
Net income (loss)	$	276,278	$	(60,649)	$	(73)	$	215,556
Segment assets	$	38,439,896	$	4,982,113	$	(4,760,400)	$	38,661,609

December 31, 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	$	584,293	$	892,735	$	5,201	$	(51)	$	1,482,178
Provision for loan losses		105,604		92,838		-		-		198,442
Non-interest income		84,762		311,775		95,199		101,202		592,938
Amortization of intangibles		208		4,275		4,137		-		8,620
Depreciation expense		17,668		25,222		614		-		43,504
Other operating expenses		276,158		718,990		71,344		6,520		1,073,012
Income tax expense		76,255		100,925		7,903		(63,888)		121,195
Net income	$	193,162	$	262,260	$	16,402	$	158,519	$	630,343
Segment assets	$	27,712,852	$	22,712,950	$	376,992	$	(12,765,098)	$	38,037,696
[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 37 to the Consolidated Financial Statements for additional information.

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

December 31, 2016
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	$	472,948	$	742,854	$	6,172	$	2,797	$	1,224,771
Provision for loan losses		12,884		141,901		-		-		154,785
Non-interest income		(91,411)		232,113		103,005		(339)		243,368
Amortization of intangibles		145		7,042		4,292		-		11,479
Goodwill impairment charge		-		-		3,801		-		3,801
Depreciation expense		16,956		21,684		865		-		39,505
Other operating expenses		251,375		631,234		70,624		(339)		952,894
Income tax expense		41,639		24,068		9,908		-		75,615
Net income	$	58,538	$	149,038	$	19,687	$	2,797	$	230,060
Segment assets	$	15,263,278	$	17,592,743	$	406,429	$	(3,420,596)	$	29,841,854

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

Geographic Information
(In thousands)		2018		2017		2016
Revenues:[1]
Puerto Rico	$	1,953,671	$	1,527,758	$	1,361,663
United States		357,680		318,093		283,349
Other		76,020		75,280		74,979
Total consolidated revenues	$	2,387,371	$	1,921,131	$	1,719,991

[1] Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net gain on sale of debt securities, net loss on trading account debt securities, other-than-temporary impairment losses on debt securities, net (loss) gain, including impairment on equity securities, net gain (loss) on sale of loans, including valuation adjustments on loans held-for-sale, adjustments (expense) to indemnity reserves on loans sold, FDIC loss share income (expense) and other operating income.

Selected Balance Sheet Information
(In thousands)		2018		2017		2016
Puerto Rico
Total assets	$	36,863,930	$	33,705,624	$	28,813,289
Loans		18,837,742		17,591,078		16,880,868
Deposits		31,237,529		27,575,292		23,185,551
United States
Total assets	$	9,847,944	$	9,648,865	$	8,928,475
Loans		7,034,075		6,608,056		5,799,562
Deposits		6,878,599		6,635,153		6,266,473
Other
Total assets	$	892,703	$	922,848	$	919,845
Loans		687,494		743,329		755,017
Deposits [1]		1,593,911		1,243,063		1,044,200
[1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

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- Definition

Tabular disclosure of revenues and selected balance sheet information from external customers by geographic areas.

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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

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-Name Accounting Standards Codification
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