v3.26.1
Segment reporting - Schedule of Results of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Segment Reporting          
Interest income $ 981,639 $ 943,872 $ 1,928,855 $ 1,860,870  
Interest expense 288,220 312,323 565,256 623,724  
Net interest income (expense) 693,419 631,549 1,363,599 1,237,146  
Provision for credit losses (benefit) 65,873 48,941 141,759 113,022  
Total non-interest income 180,545 168,477 346,171 320,538  
Personnel costs 229,031 229,355 445,100 442,068  
Professional fees 24,484 28,108 50,037 54,933  
Technology and software expenses 90,971 84,696 180,110 168,364  
Processing and transactional services 37,266 37,861 76,353 75,642  
Amortization of intangibles 384 385 768 982  
Depreciation expense 14,408 13,039 27,946 25,319  
Other operating expenses 87,586 99,317 171,126 196,465  
Total operating expenses 484,130 492,761 951,440 963,773  
Income before income tax 323,961 258,324 616,571 480,889  
Income tax expense 45,747 47,884 92,683 92,947  
Net income (loss) 278,214 210,440 523,888 387,942  
Segment assets 78,972,300 76,065,090 78,972,300 76,065,090 $ 75,348,267
Reportable Segments          
Segment Reporting          
Interest income 981,117 943,339 1,927,866 1,859,938  
Interest expense 278,118 302,670 545,214 604,435  
Net interest income (expense) 702,999 640,669 1,382,652 1,255,503  
Provision for credit losses (benefit) 65,908 48,984 141,824 113,106  
Total non-interest income 162,974 153,106 315,682 296,754  
Personnel costs 192,976 192,181 370,736 368,907  
Professional fees 15,826 15,475 30,441 31,273  
Technology and software expenses 78,357 74,571 153,612 148,810  
Processing and transactional services 37,228 37,858 76,292 75,634  
Amortization of intangibles 384 385 768 982  
Depreciation expense 14,032 12,610 27,187 24,501  
Other operating expenses 145,731 160,025 293,345 314,398  
Total operating expenses 484,534 493,105 952,381 964,505  
Income before income tax 315,531 251,686 604,129 474,646  
Income tax expense 46,041 44,536 93,304 86,701  
Net income (loss) 269,490 207,150 510,825 387,945  
Segment assets 78,510,868 75,671,189 78,510,868 75,671,189  
Reportable Segments | BPPR          
Segment Reporting          
Interest income 779,759 748,712 1,528,260 1,480,600  
Interest expense 189,836 210,237 370,391 420,233  
Net interest income (expense) 589,923 538,475 1,157,869 1,060,367  
Provision for credit losses (benefit) 63,156 42,452 136,689 95,964  
Total non-interest income 155,700 145,685 300,477 283,190  
Personnel costs 165,537 164,794 318,171 316,078  
Professional fees 14,075 13,025 26,041 26,084  
Technology and software expenses 67,349 64,226 133,070 128,377  
Processing and transactional services 36,695 37,276 75,152 74,455  
Amortization of intangibles 239 240 479 582  
Depreciation expense 11,886 10,344 22,852 20,038  
Other operating expenses 122,034 132,004 244,359 260,758  
Total operating expenses 417,815 421,909 820,124 826,372  
Income before income tax 264,652 219,799 501,533 421,221  
Income tax expense 31,748 35,256 64,259 70,699  
Net income (loss) 232,904 184,543 437,274 350,522  
Segment assets 63,517,017 60,926,458 63,517,017 60,926,458  
Reportable Segments | Popular U.S.          
Segment Reporting          
Interest income 201,358 195,668 399,606 382,060  
Interest expense 88,282 93,474 174,823 186,924  
Net interest income (expense) 113,076 102,194 224,783 195,136  
Provision for credit losses (benefit) 2,752 6,532 5,135 17,142  
Total non-interest income 7,296 7,421 15,248 13,564  
Personnel costs 27,461 27,387 52,608 52,829  
Professional fees 1,751 2,450 4,400 5,189  
Technology and software expenses 11,008 10,345 20,542 20,433  
Processing and transactional services 533 582 1,140 1,179  
Amortization of intangibles 145 145 289 400  
Depreciation expense 2,146 2,266 4,335 4,463  
Other operating expenses 23,697 28,021 48,986 53,640  
Total operating expenses 66,741 71,196 132,300 138,133  
Income before income tax 50,879 31,887 102,596 53,425  
Income tax expense 14,293 9,280 29,045 16,002  
Net income (loss) 36,586 22,607 73,551 37,423  
Segment assets 15,032,815 14,865,364 15,032,815 14,865,364  
Intersegment Eliminations          
Segment Reporting          
Interest income 0 (1,041) 0 (2,722)  
Interest expense 0 (1,041) 0 (2,722)  
Net interest income (expense) 0 0 0 0  
Provision for credit losses (benefit) 0 0 0 0  
Total non-interest income (22) 0 (43) 0  
Personnel costs (22) 0 (43) 0  
Professional fees 0 0 0 0  
Technology and software expenses 0 0 0 0  
Processing and transactional services 0 0 0 0  
Amortization of intangibles 0 0 0 0  
Depreciation expense 0 0 0 0  
Other operating expenses 0 0 0 0  
Total operating expenses (22) 0 (43) 0  
Income before income tax 0 0 0 0  
Income tax expense 0 0 0 0  
Net income (loss) 0 0 0 0  
Segment assets (38,964) (120,633) (38,964) (120,633)  
Corporate          
Segment Reporting          
Interest income 1,144 1,578 2,470 3,114  
Interest expense 10,724 10,698 21,523 21,471  
Net interest income (expense) (9,580) (9,120) (19,053) (18,357)  
Provision for credit losses (benefit) (35) (43) (65) (84)  
Total non-interest income 18,354 16,107 32,198 25,136  
Personnel costs 36,084 37,174 74,422 73,161  
Professional fees 8,977 12,887 20,324 24,244  
Technology and software expenses 12,614 10,125 26,498 19,554  
Processing and transactional services 38 3 61 8  
Amortization of intangibles 0 0 0 0  
Depreciation expense 376 429 759 818  
Other operating expenses (57,802) (60,181) (121,464) (116,583)  
Total operating expenses 287 437 600 1,202  
Income before income tax 8,522 6,593 12,610 5,661  
Income tax expense (294) 3,277 (621) 5,952  
Net income (loss) 8,816 3,316 13,231 (291)  
Segment assets 5,690,030 5,786,893 5,690,030 5,786,893  
Eliminations          
Segment Reporting          
Interest income (622) (1,045) (1,481) (2,182)  
Interest expense (622) (1,045) (1,481) (2,182)  
Net interest income (expense) 0 0 0 0  
Provision for credit losses (benefit) 0 0 0 0  
Total non-interest income (783) (736) (1,709) (1,352)  
Personnel costs (29) 0 (58) 0  
Professional fees (319) (254) (728) (584)  
Technology and software expenses 0 0 0 0  
Processing and transactional services 0 0 0 0  
Amortization of intangibles 0 0 0 0  
Depreciation expense 0 0 0 0  
Other operating expenses (343) (527) (755) (1,350)  
Total operating expenses (691) (781) (1,541) (1,934)  
Income before income tax (92) 45 (168) 582  
Income tax expense 0 71 0 294  
Net income (loss) (92) (26) (168) 288  
Segment assets $ (5,228,598) $ (5,392,992) $ (5,228,598) $ (5,392,992)