XML 38 R23.htm IDEA: XBRL DOCUMENT

Goodwill and other intangible assets	6 Months Ended
Goodwill and other intangible assets	Jun. 30, 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 and six months ended June 30, 2024 and 2023. The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments: June 30, 2024 Balance at Balance at June 30, Accumulated June 30, 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 June 30, 2024 Core deposits $ 12,810 $ 11,956 $ 854 Other customer relationships 14,286 7,665 6,621 Total other intangible assets $ 27,096 $ 19,621 $ 7,475 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 June 30, 2024, the Corporation recognized $ 0.7 million in amortization expense related to other intangible assets with definite useful lives (June 30, 2023 - $ 0.8 million). During the six months ended June 30, 2024, the Corporation recognized $ 1.5 million in amortization related to other intangible assets with definite useful lives (June 30, 2023 - $ 1.6 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 $ 1,409 Year 2025 1,750 Year 2026 1,440 Year 2027 959 Year 2028 959 Later years 958