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v3.19.2

Segment reporting - Results of Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | $ 476,316 | $ 414,136 | $ 947,279 | $ 807,183 |
Provision (reversal) for loan losses | 40,191 | 60,054 | 82,016 | 131,117 |
Non interest Income | 138,326 | 234,809 | 274,756 | 348,306 |
Amortization of intangibles | 2,371 | 2,324 | 4,683 | 4,649 |
Depreciation expense | 14,429 | 12,742 | 28,724 | 25,575 |
Other operating expenses | 346,215 | 322,602 | 677,028 | 629,446 |
Income tax expense | 40,330 | (28,560) | 90,553 | (6,405) |
Net income (loss) | 171,106 | 279,783 | 339,031 | 371,107 |
Segment assets | 50,617,221 | 47,535,177 | 50,617,221 | 47,535,177 | $ 47,604,577
Reportable Segment |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 486,125 | 428,196 | 966,314 | 835,461 |
Provision (reversal) for loan losses | 40,037 | 60,074 | 81,757 | 131,158 |
Non interest Income | 128,740 | 225,189 | 255,233 | 326,016 |
Amortization of intangibles | 2,346 | 2,324 | 4,634 | 4,649 |
Depreciation expense | 14,244 | 12,569 | 28,351 | 25,215 |
Other operating expenses | 349,032 | 300,590 | 678,203 | 586,203 |
Income tax expense | 40,848 | (19,949) | 91,439 | 6,987 |
Net income (loss) | 168,358 | 297,777 | 337,163 | 407,265 |
Segment assets | 50,307,503 | 47,241,054 | 50,307,503 | 47,241,054 |
Intersegment Elimination |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | (61) | (2) | (57) | 2 |
Provision (reversal) for loan losses | 0 | 0 | 0 | 0 |
Non interest Income | (140) | (140) | (281) | (279) |
Amortization of intangibles | 0 | 0 | 0 | 0 |
Depreciation expense | 0 | 0 | 0 | 0 |
Other operating expenses | (137) | (137) | (273) | (273) |
Income tax expense | 0 | 0 | 0 | 0 |
Net income (loss) | (64) | (5) | (65) | (4) |
Segment assets | (114,605) | (110,936) | (114,605) | (110,936) |
Corporate |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | (9,809) | (14,060) | (19,035) | (28,278) |
Provision (reversal) for loan losses | 154 | (20) | 259 | (41) |
Non interest Income | 11,339 | 10,790 | 21,400 | 23,738 |
Amortization of intangibles | 25 | 0 | 49 | 0 |
Depreciation expense | 185 | 173 | 373 | 360 |
Other operating expenses | (1,944) | 22,689 | 414 | 44,771 |
Income tax expense | (180) | (8,423) | (766) | (13,435) |
Net income (loss) | 3,290 | (17,689) | 2,036 | (36,195) |
Segment assets | 5,062,632 | 5,344,785 | 5,062,632 | 5,344,785 |
Eliminations |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 0 | 0 | 0 | 0 |
Provision (reversal) for loan losses | 0 | 0 | 0 | 0 |
Non interest Income | (1,753) | (1,170) | (1,877) | (1,448) |
Amortization of intangibles | 0 | 0 | 0 | 0 |
Depreciation expense | 0 | 0 | 0 | 0 |
Other operating expenses | (873) | (677) | (1,589) | (1,528) |
Income tax expense | (338) | (188) | (120) | 43 |
Net income (loss) | (542) | (305) | (168) | 37 |
Segment assets | (4,752,914) | (5,050,662) | (4,752,914) | (5,050,662) |
Banco Popular de Puerto Rico | Reportable Segment |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 411,549 | 352,721 | 818,906 | 684,989 |
Provision (reversal) for loan losses | 28,821 | 44,425 | 60,170 | 102,894 |
Non interest Income | 123,388 | 220,190 | 244,158 | 316,815 |
Amortization of intangibles | 2,180 | 2,158 | 4,302 | 4,317 |
Depreciation expense | 12,243 | 10,406 | 24,182 | 20,934 |
Other operating expenses | 297,428 | 254,921 | 578,126 | 495,450 |
Income tax expense | 36,751 | (24,180) | 82,127 | 1,667 |
Net income (loss) | 157,514 | 285,181 | 314,157 | 376,542 |
Segment assets | 40,698,293 | 37,883,250 | 40,698,293 | 37,883,250 |
Banco Popular de Puerto Rico | Reportable Segment | Commercial Banking |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 152,943 | 145,674 | 304,403 | 284,944 |
Provision (reversal) for loan losses | 2,855 | 9,754 | 863 | 30,447 |
Non interest Income | 25,696 | 23,930 | 49,285 | 36,492 |
Amortization of intangibles | 48 | 51 | 97 | 103 |
Depreciation expense | 4,897 | 4,341 | 9,551 | 8,630 |
Other operating expenses | 74,021 | 60,639 | 146,950 | 120,900 |
Income tax expense | 27,819 | 24,697 | 59,013 | 41,572 |
Net income (loss) | 68,999 | 70,122 | 137,214 | 119,784 |
Segment assets | 32,240,745 | 26,355,657 | 32,240,745 | 26,355,657 |
Banco Popular de Puerto Rico | Reportable Segment | Consumer and Retail Banking |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 257,301 | 205,795 | 511,969 | 397,229 |
Provision (reversal) for loan losses | 25,966 | 34,671 | 59,307 | 72,447 |
Non interest Income | 68,806 | 69,967 | 144,210 | 131,824 |
Amortization of intangibles | 1,074 | 1,071 | 2,146 | 2,140 |
Depreciation expense | 7,191 | 5,912 | 14,318 | 11,997 |
Other operating expenses | 207,925 | 172,031 | 400,595 | 334,521 |
Income tax expense | 5,486 | 11,732 | 17,229 | 19,189 |
Net income (loss) | 78,465 | 50,345 | 162,584 | 88,759 |
Segment assets | 23,582,849 | 21,007,705 | 23,582,849 | 21,007,705 |
Banco Popular de Puerto Rico | Reportable Segment | Other Financial Services |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 1,327 | 1,258 | 2,645 | 2,834 |
Provision (reversal) for loan losses | 0 | 0 | 0 | 0 |
Non interest Income | 29,654 | 23,764 | 52,188 | 46,213 |
Amortization of intangibles | 1,058 | 1,036 | 2,059 | 2,074 |
Depreciation expense | 155 | 153 | 313 | 307 |
Other operating expenses | 16,263 | 14,367 | 32,090 | 32,400 |
Income tax expense | 3,446 | 3,279 | 5,885 | 4,794 |
Net income (loss) | 10,059 | 6,187 | 14,486 | 9,472 |
Segment assets | 381,020 | 536,164 | 381,020 | 536,164 |
Banco Popular de Puerto Rico | Reportable Segment | Eliminations |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | (22) | (6) | (111) | (18) |
Provision (reversal) for loan losses | 0 | 0 | 0 | 0 |
Non interest Income | (768) | 102,529 | (1,525) | 102,286 |
Amortization of intangibles | 0 | 0 | 0 | 0 |
Depreciation expense | 0 | 0 | 0 | 0 |
Other operating expenses | (781) | 7,884 | (1,509) | 7,629 |
Income tax expense | 0 | (63,888) | 0 | (63,888) |
Net income (loss) | (9) | 158,527 | (127) | 158,527 |
Segment assets | (15,506,321) | (10,016,276) | (15,506,321) | (10,016,276) |
PB | Reportable Segment |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 74,637 | 75,477 | 147,465 | 150,470 |
Provision (reversal) for loan losses | 11,216 | 15,649 | 21,587 | 28,264 |
Non interest Income | 5,492 | 5,139 | 11,356 | 9,480 |
Amortization of intangibles | 166 | 166 | 332 | 332 |
Depreciation expense | 2,001 | 2,163 | 4,169 | 4,281 |
Other operating expenses | 51,741 | 45,806 | 100,350 | 91,026 |
Income tax expense | 4,097 | 4,231 | 9,312 | 5,320 |
Net income (loss) | 10,908 | 12,601 | 23,071 | 30,727 |
Segment assets | $ 9,723,815 | $ 9,468,740 | $ 9,723,815 | $ 9,468,740 |

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