XML 275 R229.htm IDEA: XBRL DOCUMENT
v3.20.4

Segment reporting - Results of Operations (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Segment Reporting Information |  |  |
Net Interest income (expense) | $ 1,856,613 | $ 1,891,694 | $ 1,734,877
Provision for credit losses | 292,536 | 165,779 | 228,072
Non interest Income | 512,312 | 569,883 | 652,494
Amortization of intangibles | 6,397 | 9,370 | 9,326
Depreciation expense | 58,452 | 58,067 | 53,300
Loss on early extinguishment of debt | 0 | 0 | 12,522
Other operating expenses | 1,392,980 | 1,410,045 | 1,346,414
Income tax expense (benefit) | 111,938 | 147,181 | 119,579
Net income (loss) from continuing operations | 506,622 | 671,135 | 618,158
Segment assets | 65,926,000 | 52,115,324 | 47,604,577
Reportable Segment |  |  |
Segment Reporting Information |  |  |
Net Interest income (expense) | 1,896,127 | 1,929,369 | 1,786,752
Provision for credit losses | 292,441 | 165,523 | 228,323
Non interest Income | 469,625 | 529,338 | 612,366
Amortization of intangibles | 6,299 | 9,274 | 9,285
Depreciation expense | 57,448 | 57,321 | 52,557
Loss on early extinguishment of debt |  |  | 0
Other operating expenses | 1,397,678 | 1,413,130 | 1,254,620
Income tax expense (benefit) | 113,622 | 148,309 | 146,489
Net income (loss) from continuing operations | 498,264 | 665,150 | 707,844
Segment assets | 65,575,645 | 51,794,604 | 47,304,409
Intersegment Elimination |  |  |
Segment Reporting Information |  |  |
Net Interest income (expense) | 11 | (51) | (2)
Provision for credit losses | 0 | 0 | 0
Non interest Income | (553) | (561) | (560)
Amortization of intangibles | 0 | 0 | 0
Depreciation expense | 0 | 0 | 0
Other operating expenses | (544) | (547) | (546)
Income tax expense (benefit) | 0 | 0 | 0
Net income (loss) from continuing operations | 2 | (65) | (16)
Segment assets | (33,935) | (18,576) | (114,923)
Corporate |  |  |
Segment Reporting Information |  |  |
Net Interest income (expense) | (39,514) | (37,675) | (51,875)
Provision for credit losses | 95 | 256 | (251)
Non interest Income | 46,442 | 43,901 | 42,914
Amortization of intangibles | 98 | 96 | 41
Depreciation expense | 1,004 | 746 | 743
Loss on early extinguishment of debt |  |  | 12,522
Other operating expenses | (1,212) | 55 | 94,640
Income tax expense (benefit) | (1,560) | (1,041) | (26,947)
Net income (loss) from continuing operations | 8,503 | 6,114 | (89,709)
Segment assets | 5,214,439 | 5,228,276 | 5,099,491
Eliminations |  |  |
Segment Reporting Information |  |  |
Net Interest income (expense) | 0 | 0 | 0
Provision for credit losses | 0 | 0 | 0
Non interest Income | (3,755) | (3,356) | (2,786)
Amortization of intangibles | 0 | 0 | 0
Depreciation expense | 0 | 0 | 0
Loss on early extinguishment of debt |  |  | 0
Other operating expenses | (3,486) | (3,140) | (2,846)
Income tax expense (benefit) | (124) | (87) | 37
Net income (loss) from continuing operations | (145) | (129) | 23
Segment assets | (4,864,084) | (4,907,556) | (4,799,323)
Banco Popular de Puerto Rico | Reportable Segment |  |  |
Segment Reporting Information |  |  |
Net Interest income (expense) | 1,593,599 | 1,633,950 | 1,482,178
Provision for credit losses | 210,955 | 135,495 | 198,442
Non interest Income | 445,893 | 506,739 | 592,938
Amortization of intangibles | 5,634 | 8,610 | 8,620
Depreciation expense | 47,890 | 49,058 | 43,504
Other operating expenses | 1,169,816 | 1,208,458 | 1,073,012
Income tax expense (benefit) | 106,211 | 129,145 | 121,195
Net income (loss) from continuing operations | 498,986 | 609,923 | 630,343
Segment assets | 55,353,626 | 41,756,864 | 38,037,696
Banco Popular de Puerto Rico | Reportable Segment | Commercial Banking |  |  |
Segment Reporting Information |  |  |
Net Interest income (expense) | 653,091 | 619,926 | 584,293
Provision for credit losses | 47,905 | (46,099) | 105,604
Non interest Income | 100,329 | 99,758 | 84,762
Amortization of intangibles | 197 | 195 | 208
Depreciation expense | 20,488 | 20,024 | 17,668
Other operating expenses | 303,534 | 309,762 | 276,158
Income tax expense (benefit) | 104,617 | 104,636 | 76,255
Net income (loss) from continuing operations | 276,679 | 331,166 | 193,162
Segment assets | 49,806,766 | 34,340,842 | 27,712,852
Banco Popular de Puerto Rico | Reportable Segment | Consumer and Retail Banking |  |  |
Segment Reporting Information |  |  |
Net Interest income (expense) | 927,165 | 1,009,196 | 892,735
Provision for credit losses | 163,050 | 181,594 | 92,838
Non interest Income | 249,464 | 303,268 | 311,775
Amortization of intangibles | 3,609 | 4,294 | 4,275
Depreciation expense | 26,746 | 28,411 | 25,222
Other operating expenses | 782,521 | 835,582 | 718,990
Income tax expense (benefit) | (5,934) | 11,999 | 100,925
Net income (loss) from continuing operations | 206,637 | 250,584 | 262,260
Segment assets | 29,000,270 | 23,976,004 | 22,712,950
Banco Popular de Puerto Rico | Reportable Segment | Other Financial Services |  |  |
Segment Reporting Information |  |  |
Net Interest income (expense) | 13,343 | 4,828 | 5,201
Provision for credit losses | 0 | 0 | 0
Non interest Income | 97,443 | 106,218 | 95,199
Amortization of intangibles | 1,828 | 4,121 | 4,137
Depreciation expense | 656 | 623 | 614
Other operating expenses | 85,122 | 65,631 | 71,344
Income tax expense (benefit) | 7,528 | 12,510 | 7,903
Net income (loss) from continuing operations | 15,652 | 28,161 | 16,402
Segment assets | 2,218,444 | 380,557 | 376,992
Banco Popular de Puerto Rico | Reportable Segment | Eliminations |  |  |
Segment Reporting Information |  |  |
Net Interest income (expense) | 0 | 0 | (51)
Provision for credit losses | 0 | 0 | 0
Non interest Income | (1,343) | (2,505) | 101,202
Amortization of intangibles | 0 | 0 | 0
Depreciation expense | 0 | 0 | 0
Other operating expenses | (1,361) | (2,517) | 6,520
Income tax expense (benefit) | 0 | 0 | (63,888)
Net income (loss) from continuing operations | 18 | 12 | 158,519
Segment assets | (25,671,854) | (16,940,539) | (12,765,098)
PB | Reportable Segment |  |  |
Segment Reporting Information |  |  |
Net Interest income (expense) | 302,517 | 295,470 | 304,576
Provision for credit losses | 81,486 | 30,028 | 29,881
Non interest Income | 24,285 | 23,160 | 19,988
Amortization of intangibles | 665 | 664 | 665
Depreciation expense | 9,558 | 8,263 | 9,053
Other operating expenses | 228,406 | 205,219 | 182,154
Income tax expense (benefit) | 7,411 | 19,164 | 25,294
Net income (loss) from continuing operations | (724) | 55,292 | 77,517
Segment assets | $ 10,255,954 | $ 10,056,316 | $ 9,381,636

X
- Definition The aggregate amount of non-interest expenses categories separately presented in the balance sheet except for amortization of intangibles, depreciation expense and loss on early extinguishment of debt. + References No definition available. + Details
Name: | bpop_NoninterestExpenseOther
Namespace Prefix: | bpop_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274 + Details
Name: | us-gaap_AmortizationOfIntangibleAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(11)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(12)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 + Details
Name: | us-gaap_Assets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_DepreciationNonproduction
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12355-112629 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12317-112629 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 + Details
Name: | us-gaap_GainsLossesOnExtinguishmentOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683 + Details
Name: | us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 20 -Section 45 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109238882&loc=d3e38679-109324 + Details
Name: | us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of interest revenue (income derived from investments in debt securities and on cash and cash equivalents) net of interest expense (cost of borrowed funds accounted for as interest). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -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 + Details
Name: | us-gaap_InterestRevenueExpenseNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.13) -URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260 + Details
Name: | us-gaap_NoninterestIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.11) -URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 + Details
Name: | us-gaap_ProvisionForLoanLeaseAndOtherLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_MaterialReconcilingItemsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=bpop_BancoPopularDePuertoRicoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=bpop_CommercialBankingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=bpop_ConsumerAndRetailBankingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=bpop_OtherServicesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=us-gaap_IntersubsegmentEliminationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=bpop_PopularBankMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |