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Segment reporting (Tables)

3 Months Ended

Mar. 31, 2022

Table Text Block

Results of Operations and Total Assets

2022
For the quarter ended March 31, 2022
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular U.S.		Eliminations
Net interest income			$	415,169	$	86,520	$	1
Provision for credit losses (benefit)				(13,690)		(2,019)		-
Non-interest income				135,862		5,954		(137)
Amortization of intangibles				484		407		-
Depreciation expense				11,517		1,824		-
Other operating expenses				334,878		53,639		(136)
Income tax expense				39,316		11,592		-
Net income			$	178,526	$	27,031	$	-
Segment assets			$	58,708,519	$	10,579,410	$	(167,754)
For the quarter ended March 31, 2022
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	501,690	$	(7,378)	$	-	$	494,312
Provision for credit losses (benefit)		(15,709)		209		-		(15,500)
Non-interest income		141,679		14,265		(1,252)		154,692
Amortization of intangibles		891		-		-		891
Depreciation expense		13,341		289		-		13,630
Other operating expenses		388,381		444		(1,007)		387,818
Income tax expense (benefit)		50,908		(332)		(97)		50,479
Net income	$	205,557	$	6,277	$	(148)	$	211,686
Segment assets	$	69,120,175	$	5,490,318	$	(5,085,411)	$	69,525,082

2021
For the quarter ended March 31, 2021
				Banco Popular				Intersegment
(In thousands)				de Puerto Rico		Popular U.S.		Eliminations
Net interest income			$	410,323	$	79,169	$	2
Provision for credit losses (benefit)				(45,361)		(36,720)		-
Non-interest income				135,208		5,666		(138)
Amortization of intangibles				861		166		-
Depreciation expense				12,143		2,328		-
Other operating expenses				306,920		53,194		(136)
Income tax expense				58,813		18,035		-
Net income			$	212,155	$	47,832	$	-
Segment assets			$	55,990,801	$	10,557,751	$	(41,613)
For the quarter ended March 31, 2021
		Reportable
(In thousands)		Segments		Corporate		Eliminations		Total Popular, Inc.
Net interest income (expense)	$	489,494	$	(10,382)	$	-	$	479,112
Provision for credit losses (benefit)		(82,081)		(145)		-		(82,226)
Non-interest income		140,736		13,150		(233)		153,653
Amortization of intangibles		1,027		24		-		1,051
Depreciation expense		14,471		267		-		14,738
Other operating expenses		359,978		670		(909)		359,739
Income tax expense (benefit)		76,848		(333)		316		76,831
Net income	$	259,987	$	2,285	$	360	$	262,632
Segment assets	$	66,506,939	$	5,193,058	$	(4,829,729)	$	66,870,268

Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area

Geographic Information
			Quarter ended
(In thousands)			March 31, 2022		March 31, 2021
Revenues:[1]
Puerto Rico		$	527,673	$	518,709
United States			103,174		96,012
Other			18,157		18,044
Total consolidated revenues		$	649,004	$	632,765
[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 loss on trading account debt securities, indemnity reserves on loans sold expense and other operating income.

Selected Balance Sheet Information:
(In thousands)			March 31, 2022		December 31, 2021
Puerto Rico
	Total assets	$	56,904,970	$	63,221,282
	Loans		19,823,507		19,770,118
	Deposits		53,004,727		57,211,608
United States
	Total assets	$	11,234,624	$	10,986,055
	Loans		9,201,713		8,903,493
	Deposits		7,843,062		7,777,232
Other
	Total assets	$	1,385,488	$	890,562
	Loans		618,120		626,115
	Deposits[1]		2,014,506		2,016,248
[1]	Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

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