Allowance for credit losses - Allowance Movement (Details) - USD ($)
$ in Thousands |
3 Months Ended |
Mar. 31, 2025 |
Mar. 31, 2024 |
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
$ 746,024
|
$ 729,341
|
| Provision for credit losses (benefit) |
65,218
|
72,386
|
| Allowance for credit losses - PCD Loans |
9
|
17
|
| Charge-offs |
(75,068)
|
(83,597)
|
| Recoveries |
25,965
|
21,397
|
| Ending balance |
762,148
|
739,544
|
| Allowance for credit losses - unfunded commitments: |
|
|
| Balance at beginning of period |
15,470
|
17,006
|
| Provision for credit losses (benefit) |
(1,301)
|
(239)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Balance at end of period |
14,169
|
16,767
|
| Construction |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
11,264
|
12,686
|
| Provision for credit losses (benefit) |
(1,752)
|
(1,547)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Ending balance |
9,512
|
11,139
|
| Allowance for credit losses - unfunded commitments: |
|
|
| Balance at beginning of period |
7,072
|
10,064
|
| Provision for credit losses (benefit) |
(2,020)
|
(786)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Balance at end of period |
5,052
|
9,278
|
| Mortgages |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
82,409
|
83,214
|
| Provision for credit losses (benefit) |
(1,071)
|
(1,244)
|
| Allowance for credit losses - PCD Loans |
9
|
17
|
| Charge-offs |
(435)
|
(765)
|
| Recoveries |
3,117
|
5,216
|
| Ending balance |
84,029
|
86,438
|
| Commercial |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
259,564
|
258,413
|
| Provision for credit losses (benefit) |
8,161
|
11,969
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(4,625)
|
(10,459)
|
| Recoveries |
6,743
|
2,669
|
| Ending balance |
269,843
|
262,592
|
| Allowance for credit losses - unfunded commitments: |
|
|
| Balance at beginning of period |
8,387
|
6,913
|
| Provision for credit losses (benefit) |
688
|
571
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Balance at end of period |
9,075
|
7,484
|
| Commercial | Commercial multi-family |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
9,236
|
13,740
|
| Provision for credit losses (benefit) |
4,262
|
(558)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
0
|
(441)
|
| Recoveries |
3
|
2
|
| Ending balance |
13,501
|
12,743
|
| Commercial | CRE non-owner occupied |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
54,494
|
65,453
|
| Provision for credit losses (benefit) |
3,212
|
(218)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(65)
|
0
|
| Recoveries |
660
|
389
|
| Ending balance |
58,301
|
65,624
|
| Commercial | CRE owner occupied |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
49,828
|
56,864
|
| Provision for credit losses (benefit) |
(533)
|
9,166
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(101)
|
(2,785)
|
| Recoveries |
1,018
|
562
|
| Ending balance |
50,212
|
63,807
|
| Commercial | Commercial and industrial |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
146,006
|
122,356
|
| Provision for credit losses (benefit) |
1,220
|
3,579
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(4,459)
|
(7,233)
|
| Recoveries |
5,062
|
1,716
|
| Ending balance |
147,829
|
120,418
|
| Leasing |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
16,419
|
9,708
|
| Provision for credit losses (benefit) |
7,059
|
2,968
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(4,544)
|
(4,850)
|
| Recoveries |
1,272
|
1,165
|
| Ending balance |
20,206
|
8,991
|
| Consumer |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
376,368
|
365,320
|
| Provision for credit losses (benefit) |
52,821
|
60,240
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(65,464)
|
(67,523)
|
| Recoveries |
14,833
|
12,347
|
| Ending balance |
378,558
|
370,384
|
| Allowance for credit losses - unfunded commitments: |
|
|
| Balance at beginning of period |
11
|
29
|
| Provision for credit losses (benefit) |
31
|
(24)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Balance at end of period |
42
|
5
|
| Consumer | Credit card |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
99,130
|
80,487
|
| Provision for credit losses (benefit) |
13,822
|
21,640
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(18,865)
|
(16,396)
|
| Recoveries |
2,436
|
2,438
|
| Ending balance |
96,523
|
88,169
|
| Consumer | HELOC |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
1,503
|
1,978
|
| Provision for credit losses (benefit) |
(244)
|
(150)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(55)
|
(204)
|
| Recoveries |
406
|
248
|
| Ending balance |
1,610
|
1,872
|
| Consumer | Personal loans |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
102,736
|
117,790
|
| Provision for credit losses (benefit) |
19,028
|
25,254
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(24,579)
|
(30,061)
|
| Recoveries |
4,252
|
3,094
|
| Ending balance |
101,437
|
116,077
|
| Consumer | Auto Loan |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
165,995
|
157,931
|
| Provision for credit losses (benefit) |
19,471
|
13,371
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(21,056)
|
(20,167)
|
| Recoveries |
7,569
|
6,321
|
| Ending balance |
171,979
|
157,456
|
| Consumer | Other |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
7,004
|
7,134
|
| Provision for credit losses (benefit) |
744
|
125
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(909)
|
(695)
|
| Recoveries |
170
|
246
|
| Ending balance |
7,009
|
6,810
|
| Puerto Rico |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
670,666
|
639,858
|
| Provision for credit losses (benefit) |
52,690
|
61,008
|
| Allowance for credit losses - PCD Loans |
9
|
17
|
| Charge-offs |
(71,224)
|
(76,842)
|
| Recoveries |
24,122
|
20,281
|
| Ending balance |
676,263
|
644,322
|
| Allowance for credit losses - unfunded commitments: |
|
|
| Balance at beginning of period |
8,388
|
6,680
|
| Provision for credit losses (benefit) |
617
|
(297)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Balance at end of period |
9,005
|
6,383
|
| Puerto Rico | Construction |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
2,743
|
5,294
|
| Provision for credit losses (benefit) |
(24)
|
(2,180)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Ending balance |
2,719
|
3,114
|
| Allowance for credit losses - unfunded commitments: |
|
|
| Balance at beginning of period |
1,663
|
1,618
|
| Provision for credit losses (benefit) |
(103)
|
(177)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Balance at end of period |
1,560
|
1,441
|
| Puerto Rico | Mortgages |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
72,901
|
72,440
|
| Provision for credit losses (benefit) |
(1,118)
|
(319)
|
| Allowance for credit losses - PCD Loans |
9
|
17
|
| Charge-offs |
(435)
|
(765)
|
| Recoveries |
2,932
|
5,191
|
| Ending balance |
74,289
|
76,564
|
| Puerto Rico | Commercial |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
215,126
|
205,582
|
| Provision for credit losses (benefit) |
(3,963)
|
5,062
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(3,466)
|
(9,454)
|
| Recoveries |
5,997
|
2,424
|
| Ending balance |
213,694
|
203,614
|
| Allowance for credit losses - unfunded commitments: |
|
|
| Balance at beginning of period |
6,725
|
5,062
|
| Provision for credit losses (benefit) |
720
|
(120)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Balance at end of period |
7,445
|
4,942
|
| Puerto Rico | Commercial | Commercial multi-family |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
2,783
|
3,614
|
| Provision for credit losses (benefit) |
635
|
(48)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
0
|
0
|
| Recoveries |
2
|
1
|
| Ending balance |
3,420
|
3,567
|
| Puerto Rico | Commercial | CRE non-owner occupied |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
44,852
|
53,754
|
| Provision for credit losses (benefit) |
(2,599)
|
(413)
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(65)
|
0
|
| Recoveries |
660
|
325
|
| Ending balance |
42,848
|
53,666
|
| Puerto Rico | Commercial | CRE owner occupied |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
37,355
|
40,637
|
| Provision for credit losses (benefit) |
(1,742)
|
5,147
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(89)
|
(2,785)
|
| Recoveries |
495
|
538
|
| Ending balance |
36,019
|
43,537
|
| Puerto Rico | Commercial | Commercial and industrial |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
130,136
|
107,577
|
| Provision for credit losses (benefit) |
(257)
|
376
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(3,312)
|
(6,669)
|
| Recoveries |
4,840
|
1,560
|
| Ending balance |
131,407
|
102,844
|
| Puerto Rico | Leasing |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
16,419
|
9,708
|
| Provision for credit losses (benefit) |
7,059
|
2,968
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(4,544)
|
(4,850)
|
| Recoveries |
1,272
|
1,165
|
| Ending balance |
20,206
|
8,991
|
| Puerto Rico | Consumer |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
363,477
|
346,834
|
| Provision for credit losses (benefit) |
50,736
|
55,477
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(62,779)
|
(61,773)
|
| Recoveries |
13,921
|
11,501
|
| Ending balance |
365,355
|
352,039
|
| Puerto Rico | Consumer | Credit card |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
99,130
|
80,487
|
| Provision for credit losses (benefit) |
13,822
|
21,640
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(18,865)
|
(16,396)
|
| Recoveries |
2,436
|
2,438
|
| Ending balance |
96,523
|
88,169
|
| Puerto Rico | Consumer | HELOC |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
54
|
103
|
| Provision for credit losses (benefit) |
(108)
|
103
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(25)
|
(197)
|
| Recoveries |
139
|
93
|
| Ending balance |
60
|
102
|
| Puerto Rico | Consumer | Personal loans |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
91,296
|
101,181
|
| Provision for credit losses (benefit) |
16,828
|
20,263
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(21,953)
|
(24,349)
|
| Recoveries |
3,615
|
2,409
|
| Ending balance |
89,786
|
99,504
|
| Puerto Rico | Consumer | Auto Loan |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
165,995
|
157,931
|
| Provision for credit losses (benefit) |
19,471
|
13,371
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(21,056)
|
(20,167)
|
| Recoveries |
7,569
|
6,321
|
| Ending balance |
171,979
|
157,456
|
| Puerto Rico | Consumer | Other |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
7,002
|
7,132
|
| Provision for credit losses (benefit) |
723
|
100
|
| Allowance for credit losses - PCD Loans |
0
|
0
|
| Charge-offs |
(880)
|
(664)
|
| Recoveries |
162
|
240
|
| Ending balance |
7,007
|
6,808
|
| Popular U.S. |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
75,358
|
89,483
|
| Provision for credit losses (benefit) |
12,528
|
11,378
|
| Charge-offs |
(3,844)
|
(6,755)
|
| Recoveries |
1,843
|
1,116
|
| Ending balance |
85,885
|
95,222
|
| Allowance for credit losses - unfunded commitments: |
|
|
| Balance at beginning of period |
7,082
|
10,326
|
| Provision for credit losses (benefit) |
(1,918)
|
58
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Balance at end of period |
5,164
|
10,384
|
| Popular U.S. | Construction |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
8,521
|
7,392
|
| Provision for credit losses (benefit) |
(1,728)
|
633
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Ending balance |
6,793
|
8,025
|
| Allowance for credit losses - unfunded commitments: |
|
|
| Balance at beginning of period |
5,409
|
8,446
|
| Provision for credit losses (benefit) |
(1,917)
|
(609)
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Balance at end of period |
3,492
|
7,837
|
| Popular U.S. | Mortgages |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
9,508
|
10,774
|
| Provision for credit losses (benefit) |
47
|
(925)
|
| Charge-offs |
0
|
0
|
| Recoveries |
185
|
25
|
| Ending balance |
9,740
|
9,874
|
| Popular U.S. | Commercial |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
44,438
|
52,831
|
| Provision for credit losses (benefit) |
12,124
|
6,907
|
| Charge-offs |
(1,159)
|
(1,005)
|
| Recoveries |
746
|
245
|
| Ending balance |
56,149
|
58,978
|
| Allowance for credit losses - unfunded commitments: |
|
|
| Balance at beginning of period |
1,662
|
1,851
|
| Provision for credit losses (benefit) |
(32)
|
691
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Balance at end of period |
1,630
|
2,542
|
| Popular U.S. | Commercial | Commercial multi-family |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
6,453
|
10,126
|
| Provision for credit losses (benefit) |
3,627
|
(510)
|
| Charge-offs |
0
|
(441)
|
| Recoveries |
1
|
1
|
| Ending balance |
10,081
|
9,176
|
| Popular U.S. | Commercial | CRE non-owner occupied |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
9,642
|
11,699
|
| Provision for credit losses (benefit) |
5,811
|
195
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
64
|
| Ending balance |
15,453
|
11,958
|
| Popular U.S. | Commercial | CRE owner occupied |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
12,473
|
16,227
|
| Provision for credit losses (benefit) |
1,209
|
4,019
|
| Charge-offs |
(12)
|
0
|
| Recoveries |
523
|
24
|
| Ending balance |
14,193
|
20,270
|
| Popular U.S. | Commercial | Commercial and industrial |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
15,870
|
14,779
|
| Provision for credit losses (benefit) |
1,477
|
3,203
|
| Charge-offs |
(1,147)
|
(564)
|
| Recoveries |
222
|
156
|
| Ending balance |
16,422
|
17,574
|
| Popular U.S. | Consumer |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
12,891
|
18,486
|
| Provision for credit losses (benefit) |
2,085
|
4,763
|
| Charge-offs |
(2,685)
|
(5,750)
|
| Recoveries |
912
|
846
|
| Ending balance |
13,203
|
18,345
|
| Allowance for credit losses - unfunded commitments: |
|
|
| Balance at beginning of period |
11
|
29
|
| Provision for credit losses (benefit) |
31
|
(24)
|
| Charge-offs |
0
|
0
|
| Recoveries |
0
|
0
|
| Balance at end of period |
42
|
5
|
| Popular U.S. | Consumer | HELOC |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
1,449
|
1,875
|
| Provision for credit losses (benefit) |
(136)
|
(253)
|
| Charge-offs |
(30)
|
(7)
|
| Recoveries |
267
|
155
|
| Ending balance |
1,550
|
1,770
|
| Popular U.S. | Consumer | Personal loans |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
11,440
|
16,609
|
| Provision for credit losses (benefit) |
2,200
|
4,991
|
| Charge-offs |
(2,626)
|
(5,712)
|
| Recoveries |
637
|
685
|
| Ending balance |
11,651
|
16,573
|
| Popular U.S. | Consumer | Other |
|
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
|
| Beginning balance |
2
|
2
|
| Provision for credit losses (benefit) |
21
|
25
|
| Charge-offs |
(29)
|
(31)
|
| Recoveries |
8
|
6
|
| Ending balance |
$ 2
|
$ 2
|