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Goodwill and other intangible assets
6 Months Ended
Jun. 30, 2025
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, 2025
 
and 2024.
 
The following tables present the gross amount
 
of goodwill and accumulated impairment losses
 
by reportable segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2025
Balance at
Balance at
June 30,
Accumulated
June 30,
2025
impairment
2025
(In thousands)
 
(gross amounts)
losses
 
(net amounts)
Banco Popular de Puerto Rico
$
438,710
$
3,801
$
434,909
Popular U.S.
564,456
196,411
368,045
Total Popular,
 
Inc.
 
$
1,003,166
$
200,212
$
802,954
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2024
 
Balance at
 
 
Balance at
 
December 31,
Accumulated
December 31,
2024
impairment
2024
(In thousands)
 
(gross amounts)
losses
 
(net amounts)
Banco Popular de Puerto Rico
$
438,710
$
3,801
$
434,909
Popular U.S.
564,456
196,411
368,045
Total Popular,
 
Inc.
 
$
1,003,166
$
200,212
$
802,954
 
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, 2025
Core deposits
$
12,810
$
12,810
$
-
Other customer relationships
14,286
9,202
5,084
Total other intangible
 
assets
$
27,096
$
22,012
$
5,084
December 31, 2024
Core deposits
$
12,810
$
12,595
$
215
Other customer relationships
14,286
8,435
5,851
Total other intangible
 
assets
$
27,096
$
21,030
$
6,066
During the quarter ended June 30, 2025, the Corporation recognized
 
$
0.4
 
million in amortization expense related to other intangible
assets
 
with
 
definite
 
useful
 
lives
 
(June
 
30,
 
2024
 
-
 
$
0.7
 
million).
 
During
 
the
 
six
 
months
 
ended
 
June
 
30,
 
2025,
 
the
 
Corporation
recognized $
1.0
 
million in amortization related to other intangible
 
assets with definite useful lives (June
 
30, 2024 - $
1.5
 
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 2025
$
768
Year 2026
1,440
Year 2027
959
Year 2028
959
Year 2029
958