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Goodwill and other intangible assets | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure |
Goodwill And Other Intangible Assets | Note 13 – Goodwill and other intangible assets Goodwill There were no changes in the carrying amount of goodwill for the quarters ended March 31, 2024 and 2023. The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments: March 31, 2024 Balance at Balance at March 31, Accumulated March 31, 2024 impairment 2024 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 196,411 368,045 Total Popular, Inc. $ 1,004,640 $ 200,212 $ 804,428 December 31, 2023 Balance at Balance at December 31, Accumulated December 31, 2023 impairment 2023 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 196,411 368,045 Total Popular, Inc. $ 1,004,640 $ 200,212 $ 804,428 Other Intangible Assets The following table reflects the components of other intangible assets subject to amortization: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value March 31, 2024 Core deposits $ 12,810 $ 11,636 $ 1,174 Other customer relationships 14,286 7,251 7,035 Total other intangible assets $ 27,096 $ 18,887 $ 8,209 December 31, 2023 Core deposits $ 12,810 $ 11,315 $ 1,495 Other customer relationships 14,286 6,777 7,509 Total other intangible assets $ 27,096 $ 18,092 $ 9,004 During the quarter ended March 31, 2024, the Corporation recognized $ 0.8 million in amortization expense related to intangible assets with definite useful lives (March 31, 2023 - $ 0.8 million). The following table presents the estimated amortization of the intangible assets with definite useful lives for each of the following periods: (In thousands) Remaining 2024 $ 2,143 Year 2025 1,750 Year 2026 1,440 Year 2027 959 Year 2028 959 Later years 958

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