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Segment reporting (Tables) | 3 Months Ended
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Mar. 31, 2019
Table Text Block |
Results of Operations and Total Assets |
2019
For the quarter ended March 31, 2019
|  |  |  | Banco Popular |  |  |  | Intersegment
(In thousands) |  |  |  | de Puerto Rico |  | Popular Bank |  | Eliminations
Net interest income |  |  | $ | 407,357 | $ | 72,828 | $ | 4
Provision for loan losses |  |  |  | 31,349 |  | 10,371 |  | -
Non-interest income |  |  |  | 120,770 |  | 5,864 |  | (141)
Amortization of intangibles |  |  |  | 2,122 |  | 166 |  | -
Depreciation expense |  |  |  | 11,939 |  | 2,168 |  | -
Other operating expenses |  |  |  | 280,698 |  | 48,609 |  | (136)
Income tax expense |  |  |  | 45,376 |  | 5,215 |  | -
Net income |  |  | $ | 156,643 | $ | 12,163 | $ | (1)
Segment assets |  |  | $ | 38,896,514 | $ | 9,585,380 | $ | (113,126)
For the quarter ended March 31, 2019
|  | Reportable |  |  |  |  |  |
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | Total Popular, Inc.
Net interest income (expense) | $ | 480,189 | $ | (9,226) | $ | - | $ | 470,963
Provision for loan losses |  | 41,720 |  | 105 |  | - |  | 41,825
Non-interest income |  | 126,493 |  | 10,061 |  | (124) |  | 136,430
Amortization of intangibles |  | 2,288 |  | 24 |  | - |  | 2,312
Depreciation expense |  | 14,107 |  | 188 |  | - |  | 14,295
Other operating expenses |  | 329,171 |  | 2,358 |  | (716) |  | 330,813
Income tax expense |  | 50,591 |  | (586) |  | 218 |  | 50,223
Net income (loss) | $ | 168,805 | $ | (1,254) | $ | 374 | $ | 167,925
Segment assets | $ | 48,368,768 | $ | 5,021,367 | $ | (4,709,528) | $ | 48,680,607
2018
For the quarter ended March 31, 2018
|  |  |  | Banco Popular |  |  |  | Intersegment
(In thousands) |  |  |  | de Puerto Rico |  | Popular Bank |  | Eliminations
Net interest income |  |  | $ | 332,268 | $ | 74,993 | $ | 4
Provision for loan losses |  |  |  | 58,469 |  | 12,615 |  | -
Non-interest income |  |  |  | 96,625 |  | 4,341 |  | (139)
Amortization of intangibles |  |  |  | 2,159 |  | 166 |  | -
Depreciation expense |  |  |  | 10,528 |  | 2,118 |  | -
Other operating expenses |  |  |  | 240,529 |  | 45,220 |  | (136)
Income tax benefit |  |  |  | 25,847 |  | 1,089 |  | -
Net income |  |  | $ | 91,361 | $ | 18,126 | $ | 1
Segment assets |  |  | $ | 36,244,300 | $ | 9,227,093 | $ | (14,471)
For the quarter ended March 31, 2018
|  | Reportable |  |  |  |  |  |
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | Total Popular, Inc.
Net interest income (expense) | $ | 407,265 | $ | (14,218) | $ | - | $ | 393,047
Provision (reversal) for loan losses |  | 71,084 |  | (21) |  | - |  | 71,063
Non-interest income |  | 100,827 |  | 12,948 |  | (278) |  | 113,497
Amortization of intangibles |  | 2,325 |  | - |  | - |  | 2,325
Depreciation expense |  | 12,646 |  | 187 |  | - |  | 12,833
Other operating expenses |  | 285,613 |  | 22,082 |  | (851) |  | 306,844
Income tax expense (benefit) |  | 26,936 |  | (5,012) |  | 231 |  | 22,155
Net income (loss) | $ | 109,488 | $ | (18,506) | $ | 342 | $ | 91,324
Segment assets | $ | 45,456,922 | $ | 5,033,543 | $ | (4,733,704) | $ | 45,756,761
2019
For the quarter ended March 31, 2019
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 | $ | 151,460 | $ | 254,668 | $ | 1,318 | $ | (89) | $ | 407,357
Provision for loan losses |  | (1,992) |  | 33,341 |  | - |  | - |  | 31,349
Non-interest income |  | 23,589 |  | 75,404 |  | 22,534 |  | (757) |  | 120,770
Amortization of intangibles |  | 49 |  | 1,072 |  | 1,001 |  | - |  | 2,122
Depreciation expense |  | 4,654 |  | 7,127 |  | 158 |  | - |  | 11,939
Other operating expenses |  | 72,929 |  | 192,670 |  | 15,827 |  | (728) |  | 280,698
Income tax expense |  | 31,194 |  | 11,743 |  | 2,439 |  | - |  | 45,376
Net income | $ | 68,215 | $ | 84,119 | $ | 4,427 | $ | (118) | $ | 156,643
Segment assets | $ | 29,478,917 | $ | 23,039,995 | $ | 327,487 | $ | (13,949,885) | $ | 38,896,514
2018
For the quarter ended March 31, 2018
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 | $ | 139,270 | $ | 191,434 | $ | 1,576 | $ | (12) | $ | 332,268
Provision for loan losses |  | 20,693 |  | 37,776 |  | - |  | - |  | 58,469
Non-interest income |  | 12,562 |  | 61,857 |  | 22,449 |  | (243) |  | 96,625
Amortization of intangibles |  | 52 |  | 1,069 |  | 1,038 |  | - |  | 2,159
Depreciation expense |  | 4,289 |  | 6,085 |  | 154 |  | - |  | 10,528
Other operating expenses |  | 60,261 |  | 162,490 |  | 18,033 |  | (255) |  | 240,529
Income tax expense |  | 16,875 |  | 7,457 |  | 1,515 |  | - |  | 25,847
Net income | $ | 49,662 | $ | 38,414 | $ | 3,285 | $ | - | $ | 91,361
Segment assets | $ | 23,652,941 | $ | 20,618,670 | $ | 346,096 | $ | (8,373,407) | $ | 36,244,300
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area |
Geographic Information
|  | Quarter ended
(In thousands) |  | March 31, 2019 |  | March 31, 2018
Revenues:[1] |  |  |  |
Puerto Rico | $ | 500,138 | $ | 399,414
United States |  | 89,856 |  | 86,528
Other |  | 17,399 |  | 20,602
Total consolidated revenues | $ | 607,393 | $ | 506,544
[1] Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net profit (loss) on trading account debt securities, net gain (loss), including impairment on equity securities, adjustments (expense) to indemnity reserves on loans sold, FDIC loss share e xpense and other operating income.
Selected Balance Sheet Information:
(In thousands) |  | March 31, 2019 |  | December 31, 2018
Puerto Rico |  |  |  |
Total assets | $ | 37,656,205 | $ | 36,863,930
Loans |  | 18,855,650 |  | 18,837,742
Deposits |  | 32,343,773 |  | 31,237,529
United States |  |  |  |
Total assets | $ | 10,145,457 | $ | 9,847,944
Loans |  | 7,158,946 |  | 7,034,075
Deposits |  | 7,048,008 |  | 6,878,599
Other |  |  |  |
Total assets | $ | 878,945 | $ | 892,703
Loans |  | 677,097 |  | 687,494
Deposits [1] |  | 1,488,057 |  | 1,593,911
[1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

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