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v3.20.2

Segment reporting - Results of Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | $ 461,021 | $ 476,991 | $ 1,384,997 | $ 1,424,270 |
Provision for credit losses | 19,138 | 36,539 | 271,318 | 118,555 |
Non interest Income | 128,767 | 142,712 | 367,465 | 417,468 |
Amortization of intangibles | 1,076 | 2,399 | 5,345 | 7,082 |
Depreciation expense | 14,518 | 14,204 | 43,419 | 42,928 |
Other operating expenses | 345,472 | 359,872 | 1,033,141 | 1,036,900 |
Income tax expense (benefit) | 41,168 | 41,370 | 68,893 | 131,923 |
Net income (loss) from continuing operations | 168,416 | 165,319 | 330,346 | 504,350 |
Segment assets | 65,910,369 | 52,480,415 | 65,910,369 | 52,480,415 | $ 52,115,324
Reportable Segment |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 471,145 | 486,577 | 1,414,335 | 1,452,891 |
Provision for credit losses | 19,058 | 36,541 | 271,101 | 118,298 |
Non interest Income | 114,625 | 130,681 | 333,939 | 385,914 |
Amortization of intangibles | 1,052 | 2,375 | 5,272 | 7,009 |
Depreciation expense | 14,259 | 14,018 | 42,678 | 42,369 |
Other operating expenses | 347,071 | 361,295 | 1,036,779 | 1,039,498 |
Income tax expense (benefit) | 41,184 | 41,502 | 69,706 | 132,941 |
Net income (loss) from continuing operations | 163,146 | 161,527 | 322,738 | 498,690 |
Segment assets | 65,581,429 | 52,161,404 | 65,581,429 | 52,161,404 |
Intersegment Elimination |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 2 | 4 | 9 | (53) |
Provision for credit losses | 0 | 0 | 0 | 0 |
Non interest Income | (138) | (140) | (414) | (421) |
Amortization of intangibles | 0 | 0 | 0 | 0 |
Depreciation expense | 0 | 0 | 0 | 0 |
Other operating expenses | (136) | (136) | (408) | (409) |
Income tax expense (benefit) | 0 | 0 | 0 | 0 |
Net income (loss) from continuing operations | 0 | 0 | 3 | (65) |
Segment assets | (28,177) | (14,414) | (28,177) | (14,414) |
Corporate |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | (10,124) | (9,586) | (29,338) | (28,621) |
Provision for credit losses | 80 | (2) | 217 | 257 |
Non interest Income | 14,230 | 12,137 | 35,645 | 33,537 |
Amortization of intangibles | 24 | 24 | 73 | 73 |
Depreciation expense | 259 | 186 | 741 | 559 |
Other operating expenses | (748) | (647) | (1,056) | (233) |
Income tax expense (benefit) | (312) | (392) | (964) | (1,158) |
Net income (loss) from continuing operations | 4,803 | 3,382 | 7,296 | 5,418 |
Segment assets | 5,201,316 | 5,134,608 | 5,201,316 | 5,134,608 |
Eliminations |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 0 | 0 | 0 | 0 |
Provision for credit losses | 0 | 0 | 0 | 0 |
Non interest Income | (88) | (106) | (2,119) | (1,983) |
Amortization of intangibles | 0 | 0 | 0 | 0 |
Depreciation expense | 0 | 0 | 0 | 0 |
Other operating expenses | (851) | (776) | (2,582) | (2,365) |
Income tax expense (benefit) | 296 | 260 | 151 | 140 |
Net income (loss) from continuing operations | 467 | 410 | 312 | 242 |
Segment assets | (4,872,376) | (4,815,597) | (4,872,376) | (4,815,597) |
Banco Popular de Puerto Rico | Reportable Segment |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 394,662 | 412,182 | 1,191,452 | 1,231,088 |
Provision for credit losses | 7,288 | 34,481 | 180,659 | 94,651 |
Non interest Income | 107,577 | 124,868 | 315,522 | 369,026 |
Amortization of intangibles | 886 | 2,208 | 4,773 | 6,510 |
Depreciation expense | 11,921 | 11,972 | 36,282 | 36,154 |
Other operating expenses | 292,528 | 309,815 | 876,438 | 887,941 |
Income tax expense (benefit) | 35,834 | 35,286 | 69,040 | 117,413 |
Net income (loss) from continuing operations | 153,782 | 143,288 | 339,782 | 457,445 |
Segment assets | 55,388,782 | 42,080,292 | 55,388,782 | 42,080,292 |
Banco Popular de Puerto Rico | Reportable Segment | Commercial Banking |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 164,791 | 160,038 | 486,050 | 464,441 |
Provision for credit losses | 4,061 | (23,619) | 23,244 | (22,756) |
Non interest Income | 24,804 | 25,196 | 74,771 | 74,481 |
Amortization of intangibles | 50 | 50 | 148 | 147 |
Depreciation expense | 5,179 | 5,064 | 15,406 | 14,615 |
Other operating expenses | 77,906 | 82,817 | 226,232 | 229,767 |
Income tax expense (benefit) | 32,331 | 29,340 | 82,271 | 88,353 |
Net income (loss) from continuing operations | 70,068 | 91,582 | 213,520 | 228,796 |
Segment assets | 47,920,631 | 35,590,229 | 47,920,631 | 35,590,229 |
Banco Popular de Puerto Rico | Reportable Segment | Consumer and Retail Banking |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 228,293 | 250,944 | 694,983 | 762,913 |
Provision for credit losses | 3,227 | 58,100 | 157,415 | 117,407 |
Non interest Income | 58,955 | 75,854 | 170,205 | 220,064 |
Amortization of intangibles | 699 | 1,072 | 2,911 | 3,218 |
Depreciation expense | 6,569 | 6,753 | 20,383 | 21,071 |
Other operating expenses | 195,624 | 210,753 | 587,297 | 611,348 |
Income tax expense (benefit) | 2,275 | 2,649 | (18,912) | 19,878 |
Net income (loss) from continuing operations | 78,854 | 47,471 | 116,094 | 210,055 |
Segment assets | 29,358,230 | 23,714,260 | 29,358,230 | 23,714,260 |
Banco Popular de Puerto Rico | Reportable Segment | Other Financial Services |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 1,578 | 1,212 | 10,419 | 3,857 |
Provision for credit losses | 0 | 0 | 0 | 0 |
Non interest Income | 24,194 | 24,545 | 71,459 | 76,733 |
Amortization of intangibles | 137 | 1,086 | 1,714 | 3,145 |
Depreciation expense | 173 | 155 | 493 | 468 |
Other operating expenses | 19,389 | 16,986 | 63,863 | 49,076 |
Income tax expense (benefit) | 1,228 | 3,297 | 5,681 | 9,182 |
Net income (loss) from continuing operations | 4,845 | 4,233 | 10,127 | 18,719 |
Segment assets | 2,408,998 | 379,126 | 2,408,998 | 379,126 |
Banco Popular de Puerto Rico | Reportable Segment | Eliminations |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 0 | (12) | 0 | (123) |
Provision for credit losses | 0 | 0 | 0 | 0 |
Non interest Income | (376) | (727) | (913) | (2,252) |
Amortization of intangibles | 0 | 0 | 0 | 0 |
Depreciation expense | 0 | 0 | 0 | 0 |
Other operating expenses | (391) | (741) | (954) | (2,250) |
Income tax expense (benefit) | 0 | 0 | 0 | 0 |
Net income (loss) from continuing operations | 15 | 2 | 41 | (125) |
Segment assets | (24,299,077) | (17,603,323) | (24,299,077) | (17,603,323) |
PB | Reportable Segment |  |  |  |  |
Segment Reporting Information |  |  |  |  |
Net Interest income (expense) | 76,481 | 74,391 | 222,874 | 221,856 |
Provision for credit losses | 11,770 | 2,060 | 90,442 | 23,647 |
Non interest Income | 7,186 | 5,953 | 18,831 | 17,309 |
Amortization of intangibles | 166 | 167 | 499 | 499 |
Depreciation expense | 2,338 | 2,046 | 6,396 | 6,215 |
Other operating expenses | 54,679 | 51,616 | 160,749 | 151,966 |
Income tax expense (benefit) | 5,350 | 6,216 | 666 | 15,528 |
Net income (loss) from continuing operations | 9,364 | 18,239 | (17,047) | 41,310 |
Segment assets | $ 10,220,824 | $ 10,095,526 | $ 10,220,824 | $ 10,095,526 |

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