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Segment reporting (Tables) | 6 Months Ended
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Jun. 30, 2025
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Results of Operations and Total Assets | 2025 For the quarter ended June 30, 2025 Intersegment (In thousands) BPPR Popular U.S. Eliminations Interest income $ 748,712 $ 195,668 $ (1,041) Interest expense 210,237 93,474 (1,041) Net interest income 538,475 102,194 - Provision for credit losses 42,452 6,532 - Non-interest income 145,685 7,421 - Personnel costs 164,794 27,387 - Professional fees 13,025 2,450 - Technology and software expenses 64,226 10,345 - Processing and transactional services 37,276 582 - Amortization of intangibles 240 145 - Depreciation expense 10,344 2,266 - Other operating expenses [1] 132,004 28,021 - Total operating expenses 421,909 71,196 - Income before income tax 219,799 31,887 - Income tax expense 35,256 9,280 - Net income $ 184,543 $ 22,607 $ - Segment assets $ 60,926,458 $ 14,865,364 $ (120,633) For the quarter ended June 30, 2025 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Interest income $ 943,339 $ 1,578 $ (1,045) $ 943,872 Interest expense 302,670 10,698 (1,045) 312,323 Net interest income (expense) 640,669 (9,120) - 631,549 Provision for credit losses (benefit) 48,984 (43) - 48,941 Non-interest income 153,106 16,107 (736) 168,477 Personnel costs 192,181 37,174 - 229,355 Professional fees 15,475 12,887 (254) 28,108 Technology and software expenses 74,571 10,125 - 84,696 Processing and transactional services 37,858 3 - 37,861 Amortization of intangibles 385 - - 385 Depreciation expense 12,610 429 - 13,039 Other operating expenses [1] 160,025 (60,181) (527) 99,317 Total operating expenses 493,105 437 (781) 492,761 Income before income tax 251,686 6,593 45 258,324 Income tax expense 44,536 3,277 71 47,884 Net income $ 207,150 $ 3,316 $ (26) $ 210,440 Segment assets $ 75,671,189 $ 5,786,893 $ (5,392,992) $ 76,065,090 [1] Other operating expenses includes net occupancy expenses, equipment expense, excluding depreciation, other operating taxes, communications expense, business promotion expenses, deposit insurance costs and OREO expenses. For the six months ended June 30, 2025 Intersegment (In thousands) BPPR Popular U.S. Eliminations Interest income $ 1,480,600 $ 382,060 $ (2,722) Interest expense 420,233 186,924 (2,722) Net interest income 1,060,367 195,136 - Provision for credit losses 95,964 17,142 - Non-interest income 283,190 13,564 - Personnel costs 316,078 52,829 - Professional fees 26,084 5,189 - Technology and software expenses 128,377 20,433 - Processing and transactional services 74,455 1,179 - Amortization of intangibles 582 400 - Depreciation expense 20,038 4,463 - Other operating expenses [1] 260,758 53,640 - Total operating expenses 826,372 138,133 - Income before income tax 421,221 53,425 - Income tax expense 70,699 16,002 - Net income $ 350,522 $ 37,423 $ - Segment assets $ 60,926,458 $ 14,865,364 $ (120,633) For the six months ended June 30, 2025 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Interest income $ 1,859,938 $ 3,114 $ (2,182) $ 1,860,870 Interest expense 604,435 21,471 (2,182) 623,724 Net interest income (expense) 1,255,503 (18,357) - 1,237,146 Provision for credit losses (benefit) 113,106 (84) - 113,022 Non-interest income 296,754 25,136 (1,352) 320,538 Personnel costs 368,907 73,161 - 442,068 Professional fees 31,273 24,244 (584) 54,933 Technology and software expenses 148,810 19,554 - 168,364 Processing and transactional services 75,634 8 - 75,642 Amortization of intangibles 982 - - 982 Depreciation expense 24,501 818 - 25,319 Other operating expenses [1] 314,398 (116,583) (1,350) 196,465 Total operating expenses 964,505 1,202 (1,934) 963,773 Income before income tax 474,646 5,661 582 480,889 Income tax expense 86,701 5,952 294 92,947 Net income (loss) $ 387,945 $ (291) $ 288 $ 387,942 Segment assets $ 75,671,189 $ 5,786,893 $ (5,392,992) $ 76,065,090 [1] Other operating expenses includes net occupancy expenses, equipment expense, excluding depreciation, other operating taxes, communications expense, business promotion expenses, deposit insurance costs and OREO expenses. 2024 For the quarter ended June 30, 2024 Intersegment (In thousands) BPPR Popular U.S. Eliminations Interest income $ 737,342 $ 186,595 $ (2,622) Interest expense 248,597 100,744 (2,622) Net interest income 488,745 85,851 - Provision for credit losses (benefit) 50,382 (3,563) - Non-interest income 152,354 6,000 - Personnel costs 145,764 26,062 - Professional fees 14,568 3,154 - Technology and software expenses 60,256 9,784 - Processing and transactional services 38,537 555 - Amortization of intangibles 424 310 - Depreciation expense 13,317 2,204 - Other operating expenses [1] 127,106 27,608 - Total operating expenses 399,972 69,677 - Income before income tax 190,745 25,737 - 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. Interest income 921,315 4,390 (3,798) 921,907 Interest expense 346,719 10,674 (3,798) 353,595 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 Personnel costs 171,826 25,598 - 197,424 Professional fees 17,722 20,324 (302) 37,744 Technology and software expenses 70,040 9,712 - 79,752 Processing and transactional services 39,092 4 - 39,096 Amortization of intangibles 734 - - 734 Depreciation expense 15,521 367 - 15,888 Other operating expenses [1] 154,714 (54,854) (922) 98,938 Total operating expenses 469,649 1,151 (1,224) 469,576 Income before income tax 216,482 3,306 (1,540) 218,248 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 [1] Other operating expenses includes net occupancy expenses, equipment expense, excluding depreciation, other operating taxes, communications expense, business promotion expenses, deposit insurance costs and OREO expenses. For the six months ended June 30, 2024 Intersegment (In thousands) BPPR Popular U.S. Eliminations Interest income $ 1,451,330 $ 369,478 $ (5,909) Interest expense 489,744 198,774 (5,909) Net interest income 961,586 170,704 - Provision for credit losses 111,062 7,872 - Non-interest income 298,023 13,120 (56) Personnel costs 298,690 53,206 - Professional fees 26,936 6,633 (56) Technology and software expenses 123,440 18,684 - Processing and transactional services 72,091 1,188 - Amortization of intangibles 908 621 - Depreciation expense 26,326 4,147 - Other operating expenses [1] 258,879 55,240 - Total operating expenses 807,270 139,719 (56) Income before income tax 341,277 36,233 - 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. Interest income $ 1,814,899 $ 8,189 $ (7,040) $ 1,816,048 Interest expense 682,609 21,423 (7,040) 696,992 Net interest income (expense) 1,132,290 (13,234) - 1,119,056 Provision for credit losses (benefit) 118,934 458 - 119,392 Non-interest income 311,087 22,438 (3,401) 330,124 Personnel costs 351,896 60,905 - 412,801 Professional fees 33,513 33,728 (579) 66,662 Technology and software expenses 142,124 17,090 - 159,214 Processing and transactional services 73,279 11 - 73,290 Amortization of intangibles 1,529 - - 1,529 Depreciation expense 30,473 776 - 31,249 Other operating expenses [1] 314,119 (104,339) (1,836) 207,944 Total operating expenses 946,933 8,171 (2,415) 952,689 Income before income tax 377,510 575 (986) 377,099 Income tax expense (benefit) 74,191 22,200 (364) 96,027 Net income $ 303,319 $ (21,625) $ (622) $ 281,072 Segment assets $ 72,488,107 $ 5,828,667 $ (5,471,702) $ 72,845,072 [1] Other operating expenses includes net occupancy expenses, equipment expense, excluding depreciation, other operating taxes, communications expense, business promotion expenses, deposit insurance costs and OREO expenses.
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area | Geographic Information Quarter ended Six months ended (In thousands) June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Revenues: [1] Puerto Rico $ 636,232 $ 586,338 $ 1,246,193 $ 1,152,082 United States 139,274 127,011 266,490 253,752 Other 24,520 21,269 45,001 43,346 Total consolidated revenues $ 800,026 $ 734,618 $ 1,557,684 $ 1,449,180 [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 on trading account debt securities, adjustments to indemnity reserves on loans sold, and other operating income. Selected Balance Sheet Information: (In thousands) June 30, 2025 December 31, 2024 Puerto Rico Total assets $ 58,522,143 $ 55,888,211 Loans 24,979,110 24,154,610 Deposits 53,876,271 52,099,309 United States Total assets $ 16,236,670 $ 15,890,339 Loans 12,686,305 12,431,859 Deposits 11,529,189 11,030,879 Other Total assets $ 1,306,277 $ 1,266,833 Loans 522,661 526,606 Deposits [1] 1,812,031 1,754,157 [1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

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