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Segment reporting (Tables) | 6 Months Ended
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Jun. 30, 2024
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Results of Operations and Total Assets | 2024 For the quarter ended June 30, 2024 Intersegment (In thousands) BPPR Popular U.S. Eliminations Net interest income $ 488,745 $ 85,851 $ - Provision for credit losses (benefit) 50,382 (3,563) - Non-interest income 152,354 6,000 - Amortization of intangibles 424 310 - Depreciation expense 13,317 2,204 - Other operating expenses 386,231 67,163 - Income tax expense 33,540 7,989 - Net income $ 157,205 $ 17,748 $ - Segment assets $ 58,464,408 $ 14,287,739 $ (264,040) For the quarter ended June 30, 2024 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 574,596 $ (6,284) $ - $ 568,312 Provision for credit losses (benefit) 46,819 (25) - 46,794 Non-interest income 158,354 10,716 (2,764) 166,306 Amortization of intangibles 734 - - 734 Depreciation expense 15,521 367 - 15,888 Other operating expenses 453,394 784 (1,224) 452,954 Income tax expense (benefit) 41,529 (476) (594) 40,459 Net income $ 174,953 $ 3,782 $ (946) $ 177,789 Segment assets $ 72,488,107 $ 5,828,667 $ (5,471,702) $ 72,845,072 For the six months ended June 30, 2024 Intersegment (In thousands) BPPR Popular U.S. Eliminations Net interest income $ 961,586 $ 170,704 $ - Provision for credit losses 111,062 7,872 - Non-interest income 298,023 13,120 (56) Amortization of intangibles 908 621 - Depreciation expense 26,326 4,147 - Other operating expenses 780,036 134,951 (56) Income tax expense 62,746 11,445 - Net income $ 278,531 $ 24,788 $ - Segment assets $ 58,464,408 $ 14,287,739 $ (264,040) For the six months ended June 30, 2024 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,132,290 $ (13,234) $ - $ 1,119,056 Provision for credit losses 118,934 458 - 119,392 Non-interest income 311,087 22,438 (3,401) 330,124 Amortization of intangibles 1,529 - - 1,529 Depreciation expense 30,473 776 - 31,249 Other operating expenses 914,931 7,395 (2,415) 919,911 Income tax expense 74,191 22,200 (364) 96,027 Net income (loss) $ 303,319 $ (21,625) $ (622) $ 281,072 Segment assets $ 72,488,107 $ 5,828,667 $ (5,471,702) $ 72,845,072 2023 For the quarter ended June 30, 2023 Intersegment (In thousands) BPPR 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 Intersegment (In thousands) BPPR 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
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area | Geographic Information Quarter ended Six months ended (In thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Revenues: [1] Puerto Rico $ 586,338 $ 536,075 $ 1,152,082 $ 1,083,978 United States 127,011 132,720 253,752 257,765 Other 21,269 23,344 43,346 44,013 Total consolidated revenues $ 734,618 $ 692,139 $ 1,449,180 $ 1,385,756 [1] Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net gain, including impairment losses, on equity securities, net gain on trading account debt securities, adjustments to indemnity reserves on loans sold, and other operating income. Selected Balance Sheet Information: (In thousands) June 30, 2024 December 31, 2023 Puerto Rico Total assets $ 55,739,609 $ 54,181,300 Loans 23,081,402 22,519,961 Deposits 52,684,734 51,282,007 United States Total assets $ 15,883,084 $ 15,343,156 Loans 11,983,492 12,006,012 Deposits 11,097,236 10,643,602 Other Total assets $ 1,222,379 $ 1,233,699 Loans [1] 534,951 543,299 Deposits [2] 1,748,892 1,692,634 [1] Represents loans from BPPR operations located in the U.S. and British Virgin Islands. [2] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

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