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Segment reporting (Tables) | 12 Months Ended
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Dec. 31, 2019
Table Text Block |
Results of Operations and Total Assets |
December 31, 2019
|  |  |  | Banco Popular |  |  |  | Intersegment
(In thousands) |  |  |  | de Puerto Rico |  | Popular U.S. |  | Eliminations
Net interest income |  |  | $ | 1,633,950 | $ | 295,470 | $ | (51)
Provision for loan losses |  |  |  | 135,495 |  | 30,028 |  | -
Non-interest income |  |  |  | 506,739 |  | 23,160 |  | (561)
Amortization of intangibles |  |  |  | 8,610 |  | 664 |  | -
Depreciation expense |  |  |  | 49,058 |  | 8,263 |  | -
Other operating expenses |  |  |  | 1,208,458 |  | 205,219 |  | (547)
Income tax expense |  |  |  | 129,145 |  | 19,164 |  | -
Net income |  |  | $ | 609,923 | $ | 55,292 | $ | (65)
Segment assets |  |  | $ | 41,756,864 | $ | 10,056,316 | $ | (18,576)
December 31, 2019
|  | Reportable |  |  |  |  |  | Total
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | Popular, Inc.
Net interest income (expense) | $ | 1,929,369 | $ | (37,675) | $ | - | $ | 1,891,694
Provision for loan losses |  | 165,523 |  | 256 |  | - |  | 165,779
Non-interest income |  | 529,338 |  | 43,901 |  | (3,356) |  | 569,883
Amortization of intangibles |  | 9,274 |  | 96 |  | - |  | 9,370
Depreciation expense |  | 57,321 |  | 746 |  | - |  | 58,067
Other operating expenses |  | 1,413,130 |  | 55 |  | (3,140) |  | 1,410,045
Income tax expense (expense) |  | 148,309 |  | (1,041) |  | (87) |  | 147,181
Net income | $ | 665,150 | $ | 6,114 | $ | (129) | $ | 671,135
Segment assets | $ | 51,794,604 | $ | 5,228,276 | $ | (4,907,556) | $ | 52,115,324
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 |  |  |  |  |  | Total
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | 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 |  |  |  |  |  | Total
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | 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, 2019
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 | $ | 619,926 | $ | 1,009,196 | $ | 4,828 | $ | - | $ | 1,633,950
Provision (reversal) for loan losses |  | (46,099) |  | 181,594 |  | - |  | - |  | 135,495
Non-interest income |  | 99,758 |  | 303,268 |  | 106,218 |  | (2,505) |  | 506,739
Amortization of intangibles |  | 195 |  | 4,294 |  | 4,121 |  | - |  | 8,610
Depreciation expense |  | 20,024 |  | 28,411 |  | 623 |  | - |  | 49,058
Other operating expenses |  | 309,762 |  | 835,582 |  | 65,631 |  | (2,517) |  | 1,208,458
Income tax expense |  | 104,636 |  | 11,999 |  | 12,510 |  | - |  | 129,145
Net income | $ | 331,166 | $ | 250,584 | $ | 28,161 | $ | 12 | $ | 609,923
Segment assets | $ | 34,340,842 | $ | 23,976,004 | $ | 380,557 | $ | (16,940,539) | $ | 41,756,864
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
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area |
(In thousands) |  | 2019 |  | 2018 |  | 2017 |
Revenues:[1] |  |  |  |  |  |  |
| Puerto Rico | $ | 2,016,089 | $ | 1,953,671 | $ | 1,527,758 |
| United States |  | 371,368 |  | 357,680 |  | 318,093 |
| Other |  | 74,120 |  | 76,020 |  | 75,280 |
Total consolidated revenues | $ | 2,461,577 | $ | 2,387,371 | $ | 1,921,131 |
[1] | Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net (loss) gain on sale of debt securities, other-than-temporary impairment losses on debt securities, net gain (loss), including impairment on equity securities, net profit (loss) on trading account debt securities, net gain (loss) on sale of loans, including valuation adjustments on loans held-for-sale, indemnity reserves on loans sold expense, FDIC loss-share income (expense) and other operating income.
Selected Balance Sheet Information
(In thousands) |  | 2019 |  | 2018 |  | 2017
Puerto Rico |  |  |  |  |  |
| Total assets | $ | 40,544,255 | $ | 36,863,930 | $ | 33,705,624
| Loans |  | 18,989,286 |  | 18,837,742 |  | 17,591,078
| Deposits |  | 34,664,243 |  | 31,237,529 |  | 27,575,292
United States |  |  |  |  |  |
| Total assets | $ | 10,693,536 | $ | 9,847,944 | $ | 9,648,865
| Loans |  | 7,819,187 |  | 7,034,075 |  | 6,608,056
| Deposits |  | 7,664,792 |  | 6,878,599 |  | 6,635,153
Other |  |  |  |  |  |
| Total assets | $ | 877,533 | $ | 892,703 | $ | 922,848
| Loans |  | 657,603 |  | 687,494 |  | 743,329
| Deposits [1] |  | 1,429,571 |  | 1,593,911 |  | 1,243,063
[1] | Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

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