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Segment reporting (Tables) | 6 Months Ended
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Jun. 30, 2023
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Results of Operations and Total Assets | 2023 For the quarter ended June 30, 2023 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 453,075 $ 87,502 $ - Provision for credit losses 29,345 7,907 - Non-interest income 143,804 5,887 (134) Amortization of intangibles 485 310 - Depreciation expense 11,875 1,885 - Other operating expenses 386,069 61,151 (134) Income tax expense 37,303 6,850 - Net income $ 131,802 $ 15,286 $ - Segment assets $ 58,392,177 $ 12,549,742 $ (442,125) For the quarter ended June 30, 2023 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 540,577 $ (8,909) $ - $ 531,668 Provision for credit losses (benefit) 37,252 (60) - 37,192 Non-interest income 149,557 13,012 (2,098) 160,471 Amortization of intangibles 795 - - 795 Depreciation expense 13,760 355 - 14,115 Other operating expenses 447,086 (556) (1,156) 445,374 Income tax expense (benefit) 44,153 (289) (361) 43,503 Net income $ 147,088 $ 4,653 $ (581) $ 151,160 Segment assets $ 70,499,794 $ 5,844,554 $ (5,506,082) $ 70,838,266 For the six months ended June 30, 2023 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 902,895 $ 177,588 $ 1 Provision for credit losses 75,053 9,972 - Non-interest income 291,275 12,271 (270) Amortization of intangibles 969 621 - Depreciation expense 23,544 3,699 - Other operating expenses 749,784 124,468 (270) Income tax expense 80,135 10,826 - Net income $ 264,685 $ 40,273 $ 1 Segment assets $ 58,392,177 $ 12,549,742 $ (442,125) For the six months ended June 30, 2023 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,080,484 $ (17,160) $ - $ 1,063,324 Provision for credit losses (benefit) 85,025 (196) - 84,829 Non-interest income 303,276 22,726 (3,570) 322,432 Amortization of intangibles 1,590 - - 1,590 Depreciation expense 27,243 714 - 27,957 Other operating expenses 873,982 (326) (2,232) 871,424 Income tax expense (benefit) 90,961 (610) (534) 89,817 Net income $ 304,959 $ 5,984 $ (804) $ 310,139 Segment assets $ 70,499,794 $ 5,844,554 $ (5,506,082) $ 70,838,266 2022 For the quarter ended June 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 447,794 $ 93,431 $ 1 Provision for credit losses (benefit) 8,818 588 - Non-interest income 144,377 4,919 (136) Amortization of intangibles 485 310 - Depreciation expense 11,675 1,755 - Other operating expenses 337,979 55,911 (136) Income tax expense 53,588 11,697 - Net income $ 179,626 $ 28,089 $ 1 Segment assets $ 60,435,535 $ 10,820,953 $ (172,039) For the quarter ended June 30, 2022 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 541,226 $ (7,364) $ - $ 533,862 Provision for credit losses (benefit) 9,406 (44) - 9,362 Non-interest income 149,160 11,567 (3,316) 157,411 Amortization of intangibles 795 - - 795 Depreciation expense 13,430 294 - 13,724 Other operating expenses 393,754 (547) (1,448) 391,759 Income tax expense (benefit) 65,285 (335) (738) 64,212 Net income $ 207,716 $ 4,835 $ (1,130) $ 211,421 Segment assets $ 71,084,449 $ 5,456,518 $ (5,039,036) $ 71,501,931 For the six months ended June 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 862,963 $ 179,951 $ 2 Provision for credit losses (benefit) (4,872) (1,431) - Non-interest income 280,239 10,873 (273) Amortization of intangibles 969 717 - Depreciation expense 23,192 3,579 - Other operating expenses 672,857 109,550 (272) Income tax expense 92,904 23,289 - Net income $ 358,152 $ 55,120 $ 1 Segment assets $ 60,435,535 $ 10,820,953 $ (172,039) For the six months ended June 30, 2022 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,042,916 $ (14,742) $ - $ 1,028,174 Provision for credit losses (benefit) (6,303) 165 - (6,138) Non-interest income 290,839 25,832 (4,568) 312,103 Amortization of intangibles 1,686 - - 1,686 Depreciation expense 26,771 583 - 27,354 Other operating expenses 782,135 (103) (2,455) 779,577 Income tax expense (benefit) 116,193 (667) (835) 114,691 Net income $ 413,273 $ 11,112 $ (1,278) $ 423,107 Segment assets $ 71,084,449 $ 5,456,518 $ (5,039,036) $ 71,501,931
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area | Geographic Information Quarter ended Six months ended (In thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Revenues: [1] Puerto Rico $ 536,075 $ 560,635 $ 1,083,978 $ 1,088,308 United States 132,720 111,369 257,765 214,543 Other 23,344 19,269 44,013 37,426 Total consolidated revenues $ 692,139 $ 691,273 $ 1,385,756 $ 1,340,277 [1] Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net gain (loss), including impairment on equity securities, net gain (loss) on trading account debt securities, adjustments to indemnity reserves on loans sold, and other operating income. Selected Balance Sheet Information: (In thousands) June 30, 2023 December 31, 2022 Puerto Rico Total assets $ 55,719,290 $ 53,541,427 Loans 21,323,370 20,884,442 Deposits 53,166,029 51,138,790 United States Total assets $ 13,907,471 $ 12,718,775 Loans 11,215,440 10,643,964 Deposits 9,069,798 8,182,702 Other Total assets $ 1,211,505 $ 1,377,715 Loans 547,533 554,744 Deposits [1] 1,768,991 1,905,735 [1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

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