v3.25.1
Segment reporting - Results of Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Segment Reporting Information      
Interest income $ 916,998 $ 894,141  
Interest expense 311,401 343,397  
Net Interest income (expense) 605,597 550,744  
Provision for credit losses 64,081 72,598  
Non-interest Income 152,061 163,818  
Personnel costs 212,713 215,377  
Professional fees 26,825 28,918  
Technology and software expenses 83,668 79,462  
Processing and transactional services 37,781 34,194  
Amortization of intangibles 597 795  
Depreciation expense 12,280 15,361  
Other operating expenses 97,148 109,006  
Total operating expenses 471,012 483,113  
Income before income tax 222,565 158,851  
Income tax expense (benefit) 45,063 55,568  
Net income (loss) 177,502 103,283  
Segment assets 74,038,606 70,936,939 $ 73,045,383
Reportable Segment      
Segment Reporting Information      
Interest income 916,599 893,584  
Interest expense 301,765 335,890  
Net Interest income (expense) 614,834 557,694  
Provision for credit losses 64,122 72,115  
Non-interest Income 143,648 152,733  
Personnel costs 176,726 180,070  
Professional fees 15,798 15,791  
Technology and software expenses 74,239 72,084  
Processing and transactional services 37,776 34,187  
Amortization of intangibles 597 795  
Depreciation expense 11,891 14,952  
Other operating expenses 154,373 159,405  
Total operating expenses 471,400 477,284  
Income before income tax 222,960 161,028  
Income tax expense (benefit) 42,165 32,662  
Net income (loss) 180,795 128,366  
Segment assets 73,651,969 70,577,316  
Reportable Segment | Banco Popular de Puerto Rico      
Segment Reporting Information      
Interest income 731,888 713,988  
Interest expense 209,996 241,147  
Net Interest income (expense) 521,892 472,841  
Provision for credit losses 53,512 60,680  
Non-interest Income 137,505 145,669  
Personnel costs 151,284 152,926  
Professional fees 13,059 12,368  
Technology and software expenses 64,151 63,184  
Processing and transactional services 37,179 33,554  
Amortization of intangibles 342 484  
Depreciation expense 9,694 13,009  
Other operating expenses 128,754 131,773  
Total operating expenses 404,463 407,298  
Income before income tax 201,422 150,532  
Income tax expense (benefit) 35,443 29,206  
Net income (loss) 165,979 121,326  
Segment assets 59,288,907 57,250,662  
Reportable Segment | PB      
Segment Reporting Information      
Interest income 186,392 182,883  
Interest expense 93,450 98,030  
Net Interest income (expense) 92,942 84,853  
Provision for credit losses 10,610 11,435  
Non-interest Income 6,143 7,120  
Personnel costs 25,442 27,144  
Professional fees 2,739 3,479  
Technology and software expenses 10,088 8,900  
Processing and transactional services 597 633  
Amortization of intangibles 255 311  
Depreciation expense 2,197 1,943  
Other operating expenses 25,619 27,632  
Total operating expenses 66,937 70,042  
Income before income tax 21,538 10,496  
Income tax expense (benefit) 6,722 3,456  
Net income (loss) 14,816 7,040  
Segment assets 14,529,602 13,686,037  
Intersegment Elimination      
Segment Reporting Information      
Interest income (1,681) (3,287)  
Interest expense (1,681) (3,287)  
Net Interest income (expense) 0 0  
Provision for credit losses 0 0  
Non-interest Income 0 (56)  
Personnel costs 0 0  
Professional fees 0 (56)  
Technology and software expenses 0 0  
Processing and transactional services 0 0  
Amortization of intangibles 0 0  
Depreciation expense 0 0  
Other operating expenses 0 0  
Total operating expenses 0 (56)  
Income before income tax 0 0  
Income tax expense (benefit) 0 0  
Net income (loss) 0 0  
Segment assets (166,540) (359,383)  
Corporate      
Segment Reporting Information      
Interest income 1,536 3,799  
Interest expense 10,773 10,749  
Net Interest income (expense) (9,237) (6,950)  
Provision for credit losses (41) 483  
Non-interest Income 9,029 11,722  
Personnel costs 35,987 35,307  
Professional fees 11,357 13,404  
Technology and software expenses 9,429 7,378  
Processing and transactional services 5 7  
Amortization of intangibles 0 0  
Depreciation expense 389 409  
Other operating expenses (56,402) (49,485)  
Total operating expenses 765 7,020  
Income before income tax (932) (2,731)  
Income tax expense (benefit) 2,675 22,676  
Net income (loss) (3,607) (25,407)  
Segment assets 5,906,249 5,723,198  
Eliminations      
Segment Reporting Information      
Interest income (1,137) (3,242)  
Interest expense (1,137) (3,242)  
Net Interest income (expense) 0 0  
Provision for credit losses 0 0  
Non-interest Income (616) (637)  
Personnel costs 0 0  
Professional fees (330) (277)  
Technology and software expenses 0 0  
Processing and transactional services 0 0  
Amortization of intangibles 0 0  
Depreciation expense 0 0  
Other operating expenses (823) (914)  
Total operating expenses (1,153) (1,191)  
Income before income tax 537 554  
Income tax expense (benefit) 223 230  
Net income (loss) 314 324  
Segment assets $ (5,519,612) $ (5,363,575)