POPULAR, INC. BPOP Income Statement

Popular, inc. (BPOP)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
INTEREST AND DIVIDEND INCOME:
Interest and Fee Income, Loans and Leases
450,446	447,736	453,315	454,204	447,713	455,238	430,637	386,277	373,584	375,981	371,979	367,669	363,136	363,252	363,550	369,721	363,197	-	-	-	-	-	-	-	-	408,566	392,195	394,925	385,926	394,892	387,949	389,904	387,942	401,296	428,999	442,460	423,375	445,444	455,631	421,010	354,649	371,366	382,244
Interest Income, Deposits with Financial Institutions
12,000	18,950	19,119	22,534	29,220	25,030	27,581	36,392	22,285	18,262	15,529	11,131	6,573	5,108	4,568	3,889	2,863	-	-	-	-	-	-	-	-	832	848	829	955	929	862	964	948	837	886	926	947	1,058	1,391	1,893	1,042	1,510	2,381
Revenue from Investment securities.
87,912	93,183	99,542	94,241	81,036	79,287	70,147	58,181	57,209	51,090	48,375	49,933	46,286	47,697	37,732	36,725	36,271	-	-	-	-	-	-	-	-	34,317	33,561	36,106	37,823	38,892	40,412	44,258	45,070	48,645	51,085	53,723	52,375	53,092	57,277	62,915	64,926	74,360	75,818
Trading account securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,449	1,875	1,689	-	-	-	-	-	-	-	-	5,361	5,242	5,456	5,514	5,155	5,815	5,963	5,891	6,275	10,788	9,790	8,754	7,605	7,136	6,599	6,578	7,227	10,603
Total interest and dividend income
550,358	559,869	571,976	570,979	557,969	559,555	528,365	480,850	453,078	445,333	435,883	428,733	415,995	411,044	407,299	412,210	404,020	-	-	-	-	-	-	-	-	449,076	431,846	437,316	430,218	439,868	435,038	441,089	439,851	457,053	491,758	506,899	485,451	507,199	521,435	492,417	427,195	454,463	471,046
INTEREST EXPENSE:
Interest Expense, Deposits
62,101	76,823	78,760	78,449	70,826	65,215	55,134	45,228	38,688	36,957	37,058	34,092	33,757	34,742	32,362	30,599	29,874	-	-	-	-	-	-	-	-	31,396	31,848	35,764	38,356	40,973	43,022	48,542	51,679	56,375	65,868	70,672	76,879	80,962	86,330	90,615	92,974	118,941	128,452
Interest Expense, Short-term Borrowings
1,048	1,272	1,572	1,656	1,600	1,823	1,622	1,752	2,013	1,990	1,524	1,115	1,095	1,761	2,132	2,058	1,861	-	-	-	-	-	-	-	-	9,320	9,564	9,767	9,782	10,302	9,876	13,044	13,583	13,780	13,744	13,719	14,015	14,522	14,945	15,552	15,259	16,142	16,631
Long-term debt
14,114	14,350	14,653	14,558	14,580	16,292	20,140	19,734	19,330	19,170	19,130	19,047	19,045	19,136	19,118	19,002	19,873	-	-	-	-	-	-	-	-	32,018	36,228	36,066	35,767	36,160	37,701	37,324	37,007	38,765	42,835	47,966	51,198	57,140	63,382	71,655	50,045	42,991	42,903
Total interest expense
77,263	92,445	94,985	94,663	87,006	83,330	76,896	66,714	60,031	58,117	57,712	54,254	53,897	55,639	53,612	51,659	51,608	-	-	-	-	-	-	-	-	72,734	77,640	81,597	83,905	87,435	90,599	98,910	102,269	108,920	122,447	132,357	142,092	152,624	164,657	177,822	158,278	178,074	187,986
Net interest income
473,095	467,424	476,991	476,316	470,963	476,225	451,469	414,136	393,047	387,216	378,171	374,479	362,098	355,405	353,687	360,551	352,412	-	-	-	-	-	-	-	-	376,342	354,206	355,719	346,313	352,433	344,439	342,179	337,582	348,133	369,311	374,542	343,359	354,575	356,778	314,595	268,917	276,389	283,060
Provision for credit losses - loan portfolios
188,995	-	-	-	41,825	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision For Loan And Lease Losses loan portfolios
736	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Loan and Lease Losses
-	-	36,539	40,191	-	42,568	54,387	60,054	71,063	71,488	160,759	52,479	40,698	41,365	43,344	40,472	44,835	58,531	66,678	76,234	40,035	47,991	80,628	61,678	73,072	56,636	72,663	249,408	223,856	82,811	106,208	119,199	100,723	179,808	176,276	144,317	75,319	354,409	215,013	202,258	240,200	331,063	349,444
Net interest (expense) income after provision for loan losses
283,364	420,200	440,452	436,125	429,138	433,657	397,082	354,082	321,984	315,728	217,412	322,000	321,400	314,040	310,343	320,079	307,577	-	-	-	-	-	-	-	-	319,706	281,543	106,311	122,457	269,622	238,231	222,980	236,859	168,325	193,035	230,225	268,040	166	141,765	112,337	28,717	-54,674	-66,384
Mortgage banking activities
6,420	13,448	10,492	-1,773	9,926	19,394	11,269	10,071	12,068	-1,853	5,239	10,741	11,369	14,488	15,272	16,227	10,551	-	-	-	-	-	-	-	-	-	18,896	-	20,300	-	21,847	-	-	-	-	-	-	-	-	-	-	-	-
Debt Securities, Available-for-sale, Realized Gain (Loss), Total
-	-	-	-	-	-	-	-	-	-	83	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale and valuation adjustments of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	349	1,583	0	-	-	-	-	-	-	-	-	-	0	5,856	-	-1,422	64	-349	0	2,800	8,134	-90	0	-218	3,732	397	81	-9,059	53,705
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
-	-	-	-	-	-	-	-	-	-	0	8,299	-	-	0	209	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized losses on sale of debt securities available-for-sale
-	-	-20	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity Securities Realized Gain Loss Impairment
-2,728	332	213	528	1,433	-2,039	370	234	-646	50	20	19	162	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trading Gains (Losses)
491	17	295	422	260	91	-122	21	-198	-137	253	-655	-278	-1,627	-113	1,117	-162	-	-	-	-	-	-	-	-	-13,792	-6,607	7,900	-984	8,461	5,443	-7,283	-2,143	44,811	2,912	874	-499	8,303	5,860	2,464	-223	7,579	16,839
Net gain on sale of loans, including valuation adjustments on loans held-for-sale
957	-	-	-	0	-	-	-	-	-	-420	-	-	0	8,549	0	-304	-	-	-	-	-	-	-	-	5,753	3,454	4,382	-62,719	-26,285	-1,205	-15,397	15,471	-9,486	20,294	-12,782	7,244	1,478	4,250	5,078	5,068	-	-
Accrual or reversal of expense related to loans sold with credit recourse and/or customary representations & warranties.
-4,793	1,321	-3,411	1,840	-93	-6,477	-3,029	-527	-2,926	-11,075	-6,406	-2,930	-1,966	-3,051	-4,390	-5,746	-4,098	-8,647	-5,874	419	-4,526	-13,348	-9,480	-7,454	-10,347	-6,892	-2,387	-11,632	-16,143	-3,208	-8,717	-5,398	-3,875	-3,481	-10,285	-9,454	-9,848	-34,511	-5,823	-14,389	-17,290	-	-
Amount received to discharge the financial institutions that originated the loans from any repurchase obligation and other claims
-	-	0	0	-	0	0	102,752	-8,027	2,614	-3,948	-475	-8,257	-130,334	-61,723	-12,576	-3,146	-	-	-	-	-	-	-	-	-37,164	-14,866	-3,755	-26,266	-36,824	-6,707	2,575	-15,255	17,447	-5,361	38,670	16,035	-	-7,668	-15,037	-	-	-
Net (loss) gain on sale of loans, including adjustments to indemnity reserves, and valuation adjustments on loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,728	-13,453
Fair value change in equity appreciation instrument
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	0	0	0	578	7,745	-	10,641	24,394	-	-	-
Gain on sale of processing and technology business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	640,802	-	-	-	-
Other operating (loss) income
19,864	20,082	22,865	23,661	21,906	32,966	40,070	22,280	16,169	14,262	12,799	18,151	19,128	15,143	18,089	12,866	15,545	-	-	-	-	-	-	-	-	111,169	191,789	181,602	20,054	69,498	16,837	24,167	17,082	59,361	-2,314	1,255	39,409	8,505	24,670	41,516	18,332	18,430	12,848
Total non-interest income
126,643	152,415	142,712	138,326	136,430	153,167	151,021	234,809	113,497	86,131	100,374	116,793	115,869	-175	75,978	110,503	111,630	-	-	-	-	-	-	-	-	191,190	291,959	293,363	34,057	166,498	131,374	109,432	123,908	214,508	122,390	124,160	164,368	105,606	825,894	198,827	157,866	160,044	225,839
Operating expenses:
Salaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	95,873	102,822	107,079
Pension and other benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,059	27,725	29,127
Personnel costs
146,831	158,327	147,682	141,499	143,117	173,047	139,757	124,332	125,852	118,305	117,769	116,948	123,740	112,372	121,224	116,708	127,091	-	-	-	-	-	-	-	-	114,360	116,839	114,679	115,989	116,325	111,550	116,336	121,491	124,547	111,724	110,959	106,140	114,029	141,205	138,032	120,932	130,547	136,206
Net occupancy expenses
25,158	24,908	24,595	23,299	23,537	24,500	18,602	22,425	22,802	23,899	22,254	22,265	20,776	21,883	21,626	21,714	20,430	-	-	-	-	-	-	-	-	27,039	24,711	24,108	23,473	25,292	23,615	24,190	24,162	22,430	25,885	25,957	24,586	29,844	28,425	29,058	28,876	28,269	26,024
Equipment Expense
21,605	21,591	21,596	21,323	19,705	18,504	18,303	17,775	17,206	16,465	16,457	16,250	15,970	16,494	15,922	15,261	14,548	-	-	-	-	-	-	-	-	11,922	11,768	11,843	11,950	11,602	11,447	10,900	11,341	10,526	10,517	10,761	12,036	11,620	25,432	25,346	23,453	24,983	25,202
Other taxes
13,681	13,386	14,028	12,577	11,662	12,583	11,923	10,876	10,902	10,815	10,858	10,740	10,969	10,615	11,324	10,170	10,195	-	-	-	-	-	-	-	-	13,663	17,749	15,288	11,586	11,942	12,666	12,074	13,438	12,899	12,391	14,623	11,972	11,973	13,872	12,459	12,304	13,109	13,084
Professional Fees
101,071	103,136	98,561	95,248	87,466	89,096	83,860	93,903	82,985	79,532	70,772	72,934	69,250	85,693	81,266	80,625	75,459	-	-	-	-	-	-	-	-	76,780	72,039	69,964	70,497	95,596	70,952	69,672	48,105	122,659	48,756	49,479	46,688	56,607	48,224	34,225	27,049	28,694	27,048
Communication
5,954	5,765	5,881	5,955	5,849	5,765	6,054	5,382	5,906	5,224	5,394	5,899	5,949	5,780	5,785	6,012	6,320	-	-	-	-	-	-	-	-	6,260	6,558	6,644	6,832	6,558	6,500	6,645	7,131	5,917	6,800	7,188	7,210	7,277	9,514	11,342	10,772	11,902	12,386
Business promotion
14,197	23,214	18,365	19,119	14,674	21,653	15,478	16,778	12,009	18,287	15,216	13,366	11,576	15,473	12,726	13,705	11,110	-	-	-	-	-	-	-	-	17,015	14,982	15,562	12,917	16,822	14,924	16,980	12,850	19,225	14,650	11,332	9,860	16,912	11,260	10,204	8,295	8,905	9,946
Printing and supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,369	2,857	3,017
FDIC deposit insurance
5,080	5,172	2,923	5,278	4,806	5,223	8,610	7,004	6,920	7,456	6,271	6,172	6,493	5,926	5,854	5,362	7,370	-	-	-	-	-	-	-	-	47,830	-16,100	19,503	9,280	62,037	-24,173	22,907	24,926	25,088	23,285	27,682	17,673	17,750	17,183	17,393	15,318	16,506	36,331
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,388	0	-	-98	43	-25,072	-69	-56	-109	-289	-8,239	-12,361	-25,448	-430	-548	79,304	-
Represents expenses recognized during the period for other real estate owned (foreclosed properties), write-downs of other real estate owned after acquisition and the net gain or loss resulting from sales and other disposals of those properties.
2,479	569	-185	1,237	2,677	2,310	7,950	6,947	6,131	7,328	11,724	16,670	12,818	13,703	11,295	12,980	9,141	-	-	-	-	-	-	-	-	10,558	17,175	5,762	46,741	1,079	5,896	2,380	14,165	9,893	3,234	6,440	2,211	20,467	6,997	14,622	4,703	-	-
Other Noninterest Expense
34,079	32,216	40,630	35,109	31,615	28,899	52,576	29,922	28,964	32,300	38,028	23,247	31,432	30,096	29,752	23,515	17,165	-	-	-	-	-	-	-	-	26,996	22,822	23,766	21,965	30,880	22,786	34,879	15,896	23,674	22,541	14,835	26,179	45,948	41,570	32,850	24,245	31,753	38,968
Amortization expense related to other intangible assets
2,473	2,288	2,399	2,371	2,312	2,353	2,324	2,324	2,325	2,344	2,345	2,344	2,345	2,836	3,097	3,097	3,114	2,522	3,512	2,881	2,104	809	2,344	2,503	2,504	2,480	2,468	2,467	2,468	2,467	2,481	2,531	2,593	2,681	2,463	2,255	2,255	2,258	2,411	2,455	2,049	2,379	2,433
Goodwill, Impairment Loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses
372,608	390,572	376,475	363,015	347,420	396,455	365,437	337,668	322,002	321,955	317,088	306,835	311,318	320,871	323,672	309,149	301,943	-	-	-	-	-	-	-	-	322,703	326,599	309,586	333,698	332,266	307,033	344,566	296,167	379,595	282,355	281,800	275,049	344,677	371,541	328,416	280,913	220,600	330,645
Income before income tax
37,399	182,043	206,689	211,436	218,148	190,369	182,666	251,223	113,479	79,904	698	131,958	125,951	-7,006	62,649	121,433	117,264	-	-	-	-	-	-	-	-	188,193	246,903	90,088	-177,184	103,854	62,572	-12,154	64,600	3,238	33,070	72,585	157,359	-238,905	596,118	-17,252	-94,330	-115,230	-171,190
Additional income tax expense
3,097	15,258	41,370	40,330	50,223	83,966	42,018	-28,560	22,155	182,058	-19,966	35,732	33,006	-1,766	15,839	32,446	32,265	-	-	-	-	-	-	-	-	25,162	17,768	-237,380	-56,877	19,914	15,384	-77,893	16,192	263	5,537	-38,100	147,227	-11,764	102,032	27,237	-9,275	6,331	5,393
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84,999	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-121,561	-176,583
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,427	-6,599
Net Income
34,302	166,785	165,319	171,106	167,925	106,403	140,648	279,783	91,324	-102,154	20,664	96,226	92,945	-4,105	46,810	88,987	84,999	137,426	85,640	597,452	74,826	48,842	62,573	-511,314	86,409	163,031	229,135	327,468	-120,307	83,940	47,188	65,739	48,408	2,975	27,533	110,685	10,132	-227,141	494,086	-44,489	-85,055	-124,988	-183,182
Net Income (Loss) Applicable to Common Stock
33,632	165,854	164,389	170,175	166,994	105,472	139,718	278,852	90,393	-103,085	19,734	95,295	92,014	-5,036	45,880	88,056	84,068	136,495	84,709	596,521	73,896	47,911	61,643	-512,245	85,478	162,100	228,204	326,537	-121,237	83,009	46,257	64,809	47,477	2,044	26,602	109,754	9,202	-227,451	494,086	-236,156	-85,055	595,614	-207,810
Income Loss From Continuing Operations Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.41	-0.71
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-0.03
Net Income (Loss) per Common Share - Basic
0.37	1.72	1.71	1.77	1.69	1.06	1.38	2.74	0.89	-1.00	0.19	0.94	0.89	-0.04	0.44	0.85	0.81	1.32	0.82	5.80	0.72	0.47	0.60	-4.98	0.83	1.58	2.22	3.18	-1.18	0.82	0.45	0.63	0.46	0.10	0.26	1.07	0.01	-	0.48	-0.28	-0.13	1.40	-0.74
Net Income per Common Share - Diluted
0.37	1.73	1.70	1.76	1.69	1.06	1.38	2.73	0.89	-1.00	0.19	0.94	0.89	-0.04	0.44	0.85	0.81	1.33	0.82	5.78	0.72	0.47	0.60	-4.98	0.83	1.57	2.22	3.17	-1.18	0.81	0.45	0.63	0.46	0.10	0.26	1.07	0.01	-	0.48	-0.28	-0.13	1.40	-0.74
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-0.03
Income Loss From Continuing Operations Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.41	-0.71
Earnings Per Share, Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.46	-	-	-	-	-	-	-	-	-	-
Dividends Declared per Common Share
-	-	-	-	-	-	-	-	-	-	-	0.25	0.25	-	0.15	0.15	0.15	0.15	0.15	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Non Covered Under Loss Sharing Agreements With FDIC
Provision for Loan and Lease Losses
-	-	36,539	40,191	-	42,568	54,387	60,054	69,333	70,001	157,659	49,965	42,057	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reflects the carrying amount of assets that are covered by the FDIC loss share agreements.
Provision for Loan and Lease Losses
-	-	0	0	-	0	0	0	1,730	1,487	3,100	2,514	-1,359	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service Charges On Deposit Accounts [Member]
Revenue From Contract With Customer Excluding Assessed Tax
41,659	41,656	40,969	39,617	38,691	38,973	38,147	37,102	36,455	33,827	39,273	41,073	39,536	39,902	40,776	40,296	39,862	-	-	-	-	-	-	-	-	42,154	43,096	43,937	43,722	44,449	45,858	46,130	46,589	46,162	46,346	46,802	45,630	45,938	48,608	50,679	50,578	54,208	53,463
Other Services
Revenue From Contract With Customer Excluding Assessed Tax
64,773	75,559	71,309	74,031	64,307	70,226	64,316	62,876	60,602	48,443	53,481	59,168	56,175	-	59,169	56,945	53,382	-	-	-	-	-	-	-	52,818	55,375	58,584	65,073	56,093	48,885	57,954	64,987	66,039	61,377	62,664	58,307	58,652	71,637	100,822	103,725	101,320	97,614	102,437