XML 289 R240.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Subsequent events- Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions | 2 Months Ended |  |  |
--- | --- | --- | --- | ---
Feb. 28, 2022 | Feb. 24, 2022 | Dec. 31, 2021 | May 03, 2021 | Jan. 30, 2020
Accelerate share repurchase |  |  |  |  |
Subsequent Events |  |  |  |  |
Stock repurchase program authorized amount |  |  |  | $ 350 | $ 500
EVERTEC Assets | Master service agreement |  |  |  |  |
Subsequent Events |  |  |  |  |
Business acquisition, ownership percentage |  |  | 16.20% |  |
Annual MSA CPI Escalation cap |  |  | 5.00% |  |
Subsequent event | Accelerate share repurchase |  |  |  |  |
Subsequent Events |  |  |  |  |
Stock repurchase program authorized amount | $ 400 |  |  |  |
Subsequent event | Accelerate share repurchase | Treasury stock |  |  |  |  |
Subsequent Events |  |  |  |  |
shareholders equity increase decrease recognized during the period | (320) |  |  |  |
Subsequent event | Accelerate share repurchase | Capital surplus |  |  |  |  |
Subsequent Events |  |  |  |  |
shareholders equity increase decrease recognized during the period | $ (80) |  |  |  |
Subsequent event | EVERTEC Assets | Master service agreement |  |  |  |  |
Subsequent Events |  |  |  |  |
Business acquisition, ownership percentage |  | 10.50% |  |  |
Business acquisition, aggregated equity value |  | $ 197 |  |  |
The calculation basis of each common stock per share of acquiree |  | $ 42.84 |  |  |
Subsequent event | EVERTEC Assets | Second Amended and Restated Master Service Agreement |  |  |  |  |
Subsequent Events |  |  |  |  |
Business Combination, Contingent Consideration Arrangements, Description |  | The Annual Minimum will equal (i) $170 million for each one-year period from the effective date of the Second A&R MSA through September 30, 2025; (ii) $165 million for each one-year period from October 1, 2025 through September 30, 2026; and (iii) $160 million for each one-year period from October 1, 2026 through September 30, 2028 (in each case, pro-rated for any partial one-year period). |  |  |
Subsequent event | EVERTEC Assets | Second Amended and Restated Master Service Agreement | From the effective date through September 30, 2025 |  |  |  |  |
Subsequent Events |  |  |  |  |
Minimum Annual Revenue of Acquiree |  | $ 170 |  |  |
Annual MSA CPI Escalation cap |  | 1.50% |  |  |
Subsequent event | EVERTEC Assets | Second Amended and Restated Master Service Agreement | From October 1, 2025 through September 30, 2026 |  |  |  |  |
Subsequent Events |  |  |  |  |
Minimum Annual Revenue of Acquiree |  | $ 165 |  |  |
Service fees discount |  | 10.00% |  |  |
Subsequent event | EVERTEC Assets | Second Amended and Restated Master Service Agreement | From October 1, 2026 through September 30, 2028 |  |  |  |  |
Subsequent Events |  |  |  |  |
Minimum Annual Revenue of Acquiree |  | $ 160 |  |  |
Subsequent event | EVERTEC Assets | Second Amended and Restated Master Service Agreement | From October 1, 2025 through September 30, 2028 |  |  |  |  |
Subsequent Events |  |  |  |  |
Annual MSA CPI Escalation cap |  | 2.00% |  |  |
Subsequent event | EVERTEC Assets | Registration Rights Agreement |  |  |  |  |
Subsequent Events |  |  |  |  |
Maximum voting securities of EVERTEC a transferee that would control |  | 50.00% |  |  |
Maximum acquiree Common Stock issued and outstanding allow to sell percent |  | 4.99% |  |  |
Percent of shares owned in excess allowed for share conversion |  | 4.50% |  |  |
Maximum outstanding securities of any class of voting securities of EVERTEC that transferee (or group of associated transferees) would receive |  | 2.00% |  |  |
Business Combination, Contingent Consideration Arrangements, Description |  | The Non-Voting Preferred Stock will have identical rights and privileges as EVERTEC Common Stock, except that the Non-Voting Preferred Stock will be non-voting other than limited protective voting rights and will automatically convert into shares of EVERTEC Common Stock in the hands of a transferee after a transfer (i) in a widespread public distribution, (ii) to EVERTEC, (iii) in which no transferee (or group of associated transferees) would receive 2% or more of the outstanding securities of any class of voting securities of EVERTEC or (iv) to a transferee that would control more than 50% of every class of voting securities of EVERTEC without any such transfer. |  |  |
Subsequent event | EVERTEC Assets | Other Commercial Agreements |  |  |  |  |
Subsequent Events |  |  |  |  |
Business Combination, Contingent Consideration Arrangements, Description |  | At the Closing, certain other commercial agreements will be entered into by and between Popular or BPPR (or both) and EVERTEC or EVERTEC Group, Inc., including (i) a Second Amended and Restated Independent Sales Organization Sponsorship and Services Agreement, pursuant to which BPPR will continue to sponsor EVERTEC Group as an independent sales organization with various credit card associations and will receive revenue sharing on a percentage of the net revenues of EVERTEC Group’s merchant acquiring business and person-to-business merchant services business, for an initial term commencing on the date of the Closing and ending on December 31, 2035 (a ten-year extension of the term of the currently effective agreement), and (ii) a Second Amended and Restated ATH Network Participation Agreement, pursuant to which BPPR will continue to be required to issue ATH-branded debit cards and may issue dual-branded debit cards having certain enhanced functionalities and will continue to have the ability to access the ATH Network and BPPR’s customers will continue to be able to access EVERTEC Group’s ATH Movil person-to-person and person-to-business services, for an initial term commencing on the date of the Closing and ending on September 30, 2030 (a five-year extension of the term of the currently effective agreement). |  |  |

X
- Definition Annual MSA CPI Escalation cap + References No definition available. + Details
Name: | bpop_AnnualMsaCpiEscalationCap
Namespace Prefix: | bpop_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The pro forma basic net income per share of acquiree for a period as if the business combination or combinations had been completed at the beginning of a period. + References No definition available. + Details
Name: | bpop_BusinessAcquisitionProFormaEarningsPerShareBasicOfAcquiree
Namespace Prefix: | bpop_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | bpop_MaximumAcquireeCommonStockIssuedAndOutstandingAllowToSellPercent
Namespace Prefix: | bpop_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Maximum outstanding securities of any class of voting securities of EVERTEC that transferee (or group of associated transferees) would receive in percent. + References No definition available. + Details
Name: | bpop_MaximumOustandingVotingSecurities
Namespace Prefix: | bpop_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Maximum voting securities of EVERTEC a transferee that would control. + References No definition available. + Details
Name: | bpop_MaximumVotingSecuritiesPercent
Namespace Prefix: | bpop_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | bpop_MinimumAnnualRevenueOfAcquiree
Namespace Prefix: | bpop_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Percent of shares owned in excess allowed for share conversion. + References No definition available. + Details
Name: | bpop_PercentOfSharesInExcessAllowedForConversion
Namespace Prefix: | bpop_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Discount for service provided. + References No definition available. + Details
Name: | bpop_ServiceFeeDiscountPercent
Namespace Prefix: | bpop_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Value of equity interests (such as common shares, preferred shares, or partnership interest) issued or issuable to acquire the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b)(4) -URI http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479 + Details
Name: | us-gaap_BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition For contingent consideration arrangements recognized in connection with a business combination, this element represents a description of such arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479 + Details
Name: | us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentOwnershipPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of stock repurchase plan authorized. + References No definition available. + Details
Name: | us-gaap_StockRepurchaseProgramAuthorizedAmount1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The increase (decrease) in stockholders' equity during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644 + Details
Name: | us-gaap_StockholdersEquityPeriodIncreaseDecrease
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. + References No definition available. + Details
Name: | us-gaap_SubsequentEventLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | bpop_AccelerateShareRepurchaseAxis=bpop_AccelerateShareRepurchaseMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=bpop_EvertecAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_ServiceAgreementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=bpop_AmendedServiceAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | bpop_ServicePeriodAxis=bpop_ServicePeriodPhaseOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | bpop_ServicePeriodAxis=bpop_ServicePeriodPhaseTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | bpop_ServicePeriodAxis=bpop_ServicePeriodPhaseThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | bpop_ServicePeriodAxis=bpop_ServicePeriodPhaseFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=bpop_RegistrationRightsAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=bpop_OtherCommercialAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |