XML 148 R75.htm IDEA: XBRL DOCUMENT
v3.20.1

Segment reporting (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Table Text Block |
Results of Operations and Total Assets |
2020
For the quarter ended March 31, 2020
|  |  |  | Banco Popular |  |  |  | Intersegment
(In thousands) |  |  |  | de Puerto Rico |  | Popular U.S. |  | Eliminations
Net interest income |  |  | $ | 409,626 | $ | 72,689 | $ | 3
Provision for credit losses |  |  |  | 113,582 |  | 75,991 |  | -
Non-interest income |  |  |  | 112,142 |  | 5,232 |  | (140)
Amortization of intangibles |  |  |  | 2,282 |  | 167 |  | -
Depreciation expense |  |  |  | 12,287 |  | 1,953 |  | -
Other operating expenses |  |  |  | 300,377 |  | 55,194 |  | (137)
Income tax expense (benefit) |  |  |  | 15,101 |  | (11,951) |  | -
Net income (loss) |  |  | $ | 78,139 | $ | (43,433) | $ | -
Segment assets |  |  | $ | 42,392,356 | $ | 10,107,045 | $ | (23,284)
For the quarter ended March 31, 2020
|  | Reportable |  |  |  |  |  |
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | Total Popular, Inc.
Net interest income (expense) | $ | 482,318 | $ | (9,223) | $ | - | $ | 473,095
Provision for credit losses |  | 189,573 |  | 158 |  | - |  | 189,731
Non-interest income |  | 117,234 |  | 9,461 |  | (52) |  | 126,643
Amortization of intangibles |  | 2,449 |  | 24 |  | - |  | 2,473
Depreciation expense |  | 14,240 |  | 246 |  | - |  | 14,486
Other operating expenses |  | 355,434 |  | 1,037 |  | (822) |  | 355,649
Income tax expense (benefit) |  | 3,150 |  | (322) |  | 269 |  | 3,097
Net income (loss) | $ | 34,706 | $ | (905) | $ | 501 | $ | 34,302
Segment assets | $ | 52,476,117 | $ | 5,241,196 | $ | (4,913,674) | $ | 52,803,639
2019
For the quarter ended March 31, 2019
|  |  |  | Banco Popular |  |  |  | Intersegment
(In thousands) |  |  |  | de Puerto Rico |  | Popular U.S. |  | Eliminations
Net interest income |  |  | $ | 407,357 | $ | 72,828 | $ | 4
Provision for credit 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 credit 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 (benefit) |  | 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
2020
For the quarter ended March 31, 2020
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 | $ | 161,534 | $ | 243,056 | $ | 5,036 | $ | - | $ | 409,626
Provision for credit losses |  | 10,313 |  | 103,269 |  | - |  | - |  | 113,582
Non-interest income |  | 24,712 |  | 63,984 |  | 23,740 |  | (294) |  | 112,142
Amortization of intangibles |  | 48 |  | 1,310 |  | 924 |  | - |  | 2,282
Depreciation expense |  | 5,150 |  | 6,978 |  | 159 |  | - |  | 12,287
Other operating expenses |  | 74,875 |  | 202,042 |  | 23,769 |  | (309) |  | 300,377
Income tax expense (benefit) |  | 25,616 |  | (12,952) |  | 2,437 |  | - |  | 15,101
Net income | $ | 70,244 | $ | 6,393 | $ | 1,487 | $ | 15 | $ | 78,139
Segment assets | $ | 33,212,687 | $ | 24,388,065 | $ | 3,080,386 | $ | (18,288,782) | $ | 42,392,356
| 2019
| For the quarter ended March 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 | $ | 151,460 | $ | 254,668 | $ | 1,318 | $ | (89) | $ | 407,357
Provision (reversal) for credit 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
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area |
Geographic Information
|  |  | Quarter ended
(In thousands) |  | March 31, 2020 |  | March 31, 2019
Revenues:[1] |  |  |  |
Puerto Rico | $ | 489,636 | $ | 500,138
United States |  | 91,679 |  | 89,856
Other |  | 18,423 |  | 17,399
Total consolidated revenues | $ | 599,738 | $ | 607,393
[1] | Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net (loss) gain, including impairment, on equity securities, net profit on trading account debt securities, net gain on sale of loans, including valuation adjustments on loans held-for-sale, indemnity reserves on loans sold and other operating income.
Selected Balance Sheet Information:
(In thousands) |  | March 31, 2020 |  | December 31, 2019
Puerto Rico |  |  |  |
| Total assets | $ | 41,233,363 | $ | 40,544,255
| Loans |  | 19,039,704 |  | 18,989,286
| Deposits |  | 35,768,869 |  | 34,664,243
United States |  |  |  |
| Total assets | $ | 10,686,885 | $ | 10,693,536
| Loans |  | 8,054,521 |  | 7,819,187
| Deposits |  | 7,589,707 |  | 7,664,792
Other |  |  |  |
| Total assets | $ | 883,391 | $ | 877,533
| Loans |  | 655,902 |  | 657,603
| Deposits[1] |  | 1,438,600 |  | 1,429,571
[1] | Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

X
- Definition Tabular disclosure of revenues and selected balance sheet information from external customers by geographic areas. + References No definition available. + Details
Name: | bpop_ScheduleOfRevenuesAndSelectedBalanceSheetInformationByGeographicAreaTableTextBlock
Namespace Prefix: | bpop_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration