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Allowance for credit losses - Allowance Movement (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | $ 695,366 | $ 896,250
Provision for credit losses (benefit) | 83,307 | (183,345)
Initial allowance for credit losses - PCD Loans | 915 | 3,142
Charge-offs | (144,318) | (135,177)
Recoveries | 85,032 | 114,496
Ending balance | 720,302 | 695,366
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 7,897 | 15,851
Provision for credit losses (benefit) | 908 | (7,954)
Balance at end of period | 8,805 | 7,897
Construction |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 6,363 | 14,237
Provision for credit losses (benefit) | (4,060) | (6,297)
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | 0 | (7,143)
Recoveries | 1,943 | 5,566
Ending balance | 4,246 | 6,363
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 4,725 | 9,079
Provision for credit losses (benefit) | (1,519) | (4,354)
Balance at end of period | 3,206 | 4,725
Mortgages |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 154,478 | 215,716
Provision for credit losses (benefit) | (35,894) | (61,633)
Initial allowance for credit losses - PCD Loans | 915 | 3,142
Charge-offs | (5,173) | (18,261)
Recoveries | 20,928 | 15,514
Ending balance | 135,254 | 154,478
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 0 | 0
Provision for credit losses (benefit) | 0 | 0
Balance at end of period | 0 | 0
Commercial |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 215,805 | 333,380
Provision for credit losses (benefit) | 16,072 | (137,122)
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (17,250) | (18,357)
Recoveries | 20,749 | 37,904
Ending balance | 235,376 | 215,805
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 3,135 | 6,666
Provision for credit losses (benefit) | 2,376 | (3,531)
Balance at end of period | 5,511 | 3,135
Leasing |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 17,578 | 16,863
Provision for credit losses (benefit) | 6,832 | 2,094
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (7,107) | (4,637)
Recoveries | 3,315 | 3,258
Ending balance | 20,618 | 17,578
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 0 | 0
Provision for credit losses (benefit) | 0 | 0
Balance at end of period | 0 | 0
Consumer |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 301,142 | 316,054
Provision for credit losses (benefit) | 100,357 | 19,613
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (114,788) | (86,779)
Recoveries | 38,097 | 52,254
Ending balance | 324,808 | 301,142
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 37 | 106
Provision for credit losses (benefit) | 51 | (69)
Balance at end of period | 88 | 37
Puerto Rico |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 594,162 | 739,750
Provision for credit losses (benefit) | 69,544 | (129,018)
Initial allowance for credit losses - PCD Loans | 915 | 3,142
Charge-offs | (126,202) | (124,140)
Recoveries | 77,126 | 104,428
Ending balance | 615,545 | 594,162
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 4,139 | 9,523
Provision for credit losses (benefit) | 2,219 | (5,384)
Balance at end of period | 6,358 | 4,139
Puerto Rico | Construction |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 1,641 | 4,871
Provision for credit losses (benefit) | 526 | (1,533)
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | 0 | (6,620)
Recoveries | 811 | 4,923
Ending balance | 2,978 | 1,641
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 2,388 | 4,610
Provision for credit losses (benefit) | (366) | (2,222)
Balance at end of period | 2,022 | 2,388
Puerto Rico | Mortgages |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 138,286 | 195,557
Provision for credit losses (benefit) | (37,600) | (57,684)
Initial allowance for credit losses - PCD Loans | 915 | 3,142
Charge-offs | (5,105) | (17,656)
Recoveries | 20,848 | 14,927
Ending balance | 117,344 | 138,286
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 0 | 0
Provision for credit losses (benefit) | 0 | 0
Balance at end of period | 0 | 0
Puerto Rico | Commercial |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 151,928 | 225,323
Provision for credit losses (benefit) | 11,475 | (91,695)
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (7,238) | (17,180)
Recoveries | 18,130 | 35,480
Ending balance | 174,295 | 151,928
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 1,751 | 4,913
Provision for credit losses (benefit) | 2,585 | (3,162)
Balance at end of period | 4,336 | 1,751
Puerto Rico | Leasing |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 17,578 | 16,863
Provision for credit losses (benefit) | 6,832 | 2,094
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (7,107) | (4,637)
Recoveries | 3,315 | 3,258
Ending balance | 20,618 | 17,578
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 0 | 0
Provision for credit losses (benefit) | 0 | 0
Balance at end of period | 0 | 0
Puerto Rico | Consumer |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 284,729 | 297,136
Provision for credit losses (benefit) | 88,311 | 19,800
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (106,752) | (78,047)
Recoveries | 34,022 | 45,840
Ending balance | 300,310 | 284,729
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 0 | 0
Provision for credit losses (benefit) | 0 | 0
Balance at end of period | 0 | 0
Popular U.S. |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 101,204 | 156,500
Provision for credit losses (benefit) | 13,763 | (54,327)
Charge-offs | (18,116) | (11,037)
Recoveries | 7,906 | 10,068
Ending balance | 104,757 | 101,204
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 3,758 | 6,328
Provision for credit losses (benefit) | (1,311) | (2,570)
Balance at end of period | 2,447 | 3,758
Popular U.S. | Construction |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 4,722 | 9,366
Provision for credit losses (benefit) | (4,586) | (4,764)
Charge-offs | 0 | (523)
Recoveries | 1,132 | 643
Ending balance | 1,268 | 4,722
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 2,337 | 4,469
Provision for credit losses (benefit) | (1,153) | (2,132)
Balance at end of period | 1,184 | 2,337
Popular U.S. | Mortgages |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 16,192 | 20,159
Provision for credit losses (benefit) | 1,706 | (3,949)
Charge-offs | (68) | (605)
Recoveries | 80 | 587
Ending balance | 17,910 | 16,192
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 0 | 0
Provision for credit losses (benefit) | 0 | 0
Balance at end of period | 0 | 0
Popular U.S. | Commercial |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 63,877 | 108,057
Provision for credit losses (benefit) | 4,597 | (45,427)
Charge-offs | (10,012) | (1,177)
Recoveries | 2,619 | 2,424
Ending balance | 61,081 | 63,877
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 1,384 | 1,753
Provision for credit losses (benefit) | (209) | (369)
Balance at end of period | 1,175 | 1,384
Popular U.S. | Consumer |  |
Financing Receivable, Allowance for Credit Losses [Line Items] |  |
Beginning balance | 16,413 | 18,918
Provision for credit losses (benefit) | 12,046 | (187)
Charge-offs | (8,036) | (8,732)
Recoveries | 4,075 | 6,414
Ending balance | 24,498 | 16,413
Allowance for credit losses - unfunded commitments: |  |
Balance at beginning of period | 37 | 106
Provision for credit losses (benefit) | 51 | (69)
Balance at end of period | $ 88 | $ 37

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