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Segment reporting (Tables) | 9 Months Ended
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Sep. 30, 2023
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Results of Operations and Total Assets | 2023 For the quarter ended September 30, 2023 Intersegment (In thousands) BPPR Popular U.S. Eliminations Net interest income $ 453,879 $ 87,445 $ 1 Provision for credit losses (benefit) 51,899 (6,644) - Non-interest income 144,691 5,894 (134) Amortization of intangibles 484 311 - Goodwill impairment charge - 23,000 - Depreciation expense 12,880 1,962 - Other operating expenses 369,738 58,341 (134) Income tax expense 40,861 5,358 - Net income $ 122,708 $ 11,011 $ 1 Segment assets $ 57,039,000 $ 12,806,630 $ (448,100) For the quarter ended September 30, 2023 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 541,325 $ (7,305) $ - $ 534,020 Provision for credit losses (benefit) 45,255 (138) - 45,117 Non-interest income 150,451 10,179 (1,081) 159,549 Amortization of intangibles 795 - - 795 Goodwill impairment charge 23,000 - - 23,000 Depreciation expense 14,842 381 - 15,223 Other operating expenses 427,945 180 (1,159) 426,966 Income tax expense (benefit) 46,219 (396) 36 45,859 Net income $ 133,720 $ 2,847 $ 42 $ 136,609 Segment assets $ 69,397,530 $ 5,554,370 $ (5,214,964) $ 69,736,936 For the nine months ended September 30, 2023 Intersegment (In thousands) BPPR Popular U.S. Eliminations Net interest income $ 1,356,774 $ 265,033 $ 2 Provision for credit losses 126,952 3,328 - Non-interest income 435,966 18,165 (404) Amortization of intangibles 1,453 932 - Goodwill impairment charge - 23,000 - Depreciation expense 36,424 5,661 - Other operating expenses 1,119,522 182,809 (404) Income tax expense 120,996 16,184 - Net income $ 387,393 $ 51,284 $ 2 Segment assets $ 57,039,000 $ 12,806,630 $ (448,100) For the nine months ended September 30, 2023 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,621,809 $ (24,465) $ - $ 1,597,344 Provision for credit losses (benefit) 130,280 (334) - 129,946 Non-interest income 453,727 32,905 (4,651) 481,981 Amortization of intangibles 2,385 - - 2,385 Goodwill impairment charge 23,000 - - 23,000 Depreciation expense 42,085 1,095 - 43,180 Other operating expenses 1,301,927 (146) (3,391) 1,298,390 Income tax expense (benefit) 137,180 (1,006) (498) 135,676 Net income $ 438,679 $ 8,831 $ (762) $ 446,748 Segment assets $ 69,397,530 $ 5,554,370 $ (5,214,964) $ 69,736,936 2022 For the quarter ended September 30, 2022 Intersegment (In thousands) BPPR Popular U.S. Eliminations Net interest income $ 488,123 $ 98,874 $ 1 Provision for credit losses 29,813 10,011 - Non-interest income 262,587 15,203 (137) Amortization of intangibles 484 311 - Goodwill impairment charge - 9,000 - Depreciation expense 11,862 1,693 - Other operating expenses 396,655 57,127 (135) Income tax expense 48,209 10,628 - Net income $ 263,687 $ 25,307 $ (1) Segment assets $ 59,640,784 $ 11,106,409 $ (319,999) For the quarter ended September 30, 2022 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 586,998 $ (7,379) $ - $ 579,619 Provision for credit losses (benefit) 39,824 (187) - 39,637 Non-interest income 277,653 148,228 613 426,494 Amortization of intangibles 795 - - 795 Goodwill impairment charge 9,000 - - 9,000 Depreciation expense 13,555 298 - 13,853 Other operating expenses 453,647 (46) (1,154) 452,447 Income tax expense 58,837 8,469 680 67,986 Net income $ 288,993 $ 132,315 $ 1,087 $ 422,395 Segment assets $ 70,427,194 $ 5,341,051 $ (5,038,570) $ 70,729,675 For the nine months ended September 30, 2022 Intersegment (In thousands) BPPR Popular U.S. Eliminations Net interest income $ 1,351,086 $ 278,825 $ 3 Provision for credit losses 24,941 8,580 - Non-interest income 542,826 26,076 (410) Amortization of intangibles 1,453 1,028 - Goodwill impairment charge - 9,000 - Depreciation expense 35,054 5,272 - Other operating expenses 1,069,512 166,677 (407) Income tax expense 141,113 33,917 - Net income $ 621,839 $ 80,427 $ - Segment assets $ 59,640,784 $ 11,106,409 $ (319,999) For the nine months ended September 30, 2022 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,629,914 $ (22,121) $ - $ 1,607,793 Provision for credit losses (benefit) 33,521 (22) - 33,499 Non-interest income 568,492 174,060 (3,955) 738,597 Amortization of intangibles 2,481 - - 2,481 Goodwill impairment charge 9,000 - - 9,000 Depreciation expense 40,326 881 - 41,207 Other operating expenses 1,235,782 (149) (3,609) 1,232,024 Income tax expense 175,030 7,802 (155) 182,677 Net income $ 702,266 $ 143,427 $ (191) $ 845,502 Segment assets $ 70,427,194 $ 5,341,051 $ (5,038,570) $ 70,729,675
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area | Geographic Information Quarter ended Nine months ended (In thousands) September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Revenues: [1] Puerto Rico $ 539,985 $ 852,149 $ 1,623,963 $ 1,940,457 United States 131,698 133,071 389,463 347,614 Other 21,886 20,893 65,899 58,319 Total consolidated revenues $ 693,569 $ 1,006,113 $ 2,079,325 $ 2,346,390 [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 gain (loss) on trading account debt securities, net loss on sale of loans, including valuation adjustments on loans held-for-sale, adjustments to indemnity reserves on loans sold, and other operating income. Selected Balance Sheet Information: (In thousands) September 30, 2023 December 31, 2022 Puerto Rico Total assets $ 54,259,904 $ 53,541,427 Loans 21,866,754 20,884,442 Deposits 52,035,227 51,138,790 United States Total assets $ 14,218,288 $ 12,718,775 Loans 11,625,969 10,643,964 Deposits 9,605,215 8,182,702 Other Total assets $ 1,258,744 $ 1,377,715 Loans 541,829 554,744 Deposits [1] 1,697,158 1,905,735 [1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

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