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Revenue from contract with customers
 9 Months Ended
Sep. 30, 2025
Revenue From Contract With Customer Abstract  
Revenue From Contract With Customer Text Block
Note 24 – Revenue from contracts with customers
The
 
following
 
table
 
presents
 
the
 
Corporation’s
 
revenue
 
streams
 
from
 
contracts
 
with
 
customers
 
by
 
reportable
 
segment
 
for
 
the
quarters and nine months ended September 30,
 
2025 and 2024.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter ended September 30,
Nine months ended September 30,
(In thousands)
2025
2025
BPPR
Popular U.S.
BPPR
Popular U.S.
Service charges on deposit accounts
$
36,392
$
2,685
$
109,042
$
7,915
Other service fees:
Debit card fees
27,868
216
81,809
625
Insurance fees, excluding reinsurance
9,449
1,772
25,849
5,682
Credit card fees, excluding late fees and membership
 
fees
 
27,846
301
81,376
1,040
Sale and administration of investment products
9,459
-
27,490
-
Trust fees
7,279
-
20,789
-
Total revenue from
 
contracts with customers [1]
$
118,293
$
4,974
$
346,355
$
15,262
[1]
The amounts include intersegment transactions of $
0.6
 
million and $
1.8
 
million, respectively, for the
 
quarter and nine months ended September 30,
 
2025.
Quarter ended September 30,
Nine months ended September 30,
(In thousands)
2024
2024
BPPR
Popular U.S.
BPPR
Popular U.S.
Service charges on deposit accounts
$
35,699
$
2,616
$
105,770
$
7,513
Other service fees:
Debit card fees [2]
25,997
200
78,308
599
Insurance fees, excluding reinsurance
11,702
1,684
33,966
5,130
Credit card fees, excluding late fees and membership
 
fees [2]
26,189
379
76,828
1,205
Sale and administration of investment products
8,387
-
23,664
-
Trust fees
6,902
-
20,810
-
Total revenue from
 
contracts with customers [1]
$
114,876
$
4,879
$
339,346
$
14,447
[1]
The amounts include intersegment transactions of $
0.6
 
million and $
3.9
 
million, respectively, for the
 
quarter and nine months ended September 30,
 
2024.
[2]
Effective in the third quarter of 2024, the Corporation
 
reclassified certain interchange fees, which were
 
previously included jointly with credit card fees
from common network activity,
 
as debit card fees. For the nine month period ended September
 
30, 2024, interchange fees of approximately $
22.2
 
million,
corresponding to the first and second quarters were
 
reclassified.
Revenue from contracts with
 
customers is recognized when,
 
or as, the performance
 
obligations are satisfied by
 
the Corporation by
transferring the promised services to the customers based on ASC 606 Revenue
 
from Contracts with Customers. Revenue streams
identified from contracts with customers, as
 
listed above, will have certain timing for
 
recognition based on the nature of
 
the contract
including when
 
the obligation is
 
satisfied and/or services
 
are rendered. Service
 
charges on
 
deposit accounts, debit
 
card fees,
 
and
credit card
 
fees are
 
recognized at
 
a point
 
in time,
 
upon the
 
occurrence of
 
an activity
 
or an
 
event. Interchange
 
fees on
 
debit and
credit
 
card
 
transactions
 
are
 
recognized upon
 
settlement
 
of
 
the
 
payment
 
transaction. For
 
more
 
details
 
over
 
nature
 
and
 
timing
 
of
revenue streams from contracts with customers refer to Note 31 on the
 
2024 Form 10-K for a complete description of the nature and
timing of revenue streams from contracts with customers.