Popular (BPOP) 10-Q 9 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Nov. 07, 2022
Cover [Abstract]
Document Type	10-Q
Document quarterly report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity File Number	001-34084
Entity Registrant Name	POPULAR, INC.
Entity Incorporation State Country Code	PR
Entity Tax Identification Number	66-0667416
Entity Address Address Line 1	Popular Center Building
Entity Address Address Line 2	209 Muñoz Rivera Avenue
Entity Address City Or Town	Hato Rey
Entity Address Country	PR
Entity Address Postal Zip Code	00918
City Area Code	787
Local Phone Number	765-9800
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		72,694,432
Entity Central Index Key	0000763901
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Common Stock
Entity listings
Security 12b Title	Common Stock ($0.01 par value)
Trading Symbol	BPOP
Security Exchange Name	NASDAQ
Cumulative Preferred Stock 6.125%
Entity listings
Security 12b Title	6.125% Cumulative Monthly Income Trust Preferred Securities
Trading Symbol	BPOPM
Security Exchange Name	NASDAQ

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets:
Cash and due from banks	$ 2,017,312	$ 428,433
Money market investments:
Time deposits with other banks	3,975,048	17,536,719
Total money market investments	3,975,048	17,536,719
Trading account debt securities, at fair value:
Other trading account debt securities	30,271	29,711
Debt securities available-for-sale, at fair value:
Pledged securities with creditors' right to repledge	167,735	93,330
Other debt securities available-for-sale	28,096,413	24,874,939
Debt securities held-to-maturity, at amortized cost (fair value 2022 - $1,897,558; 2021 - $83,368)	1,953,710	79,461
Less - Allowance for credit losses	7,210	8,096
Debt securities held-to-maturity, net	1,946,500	71,365
Equity securities (realizable value 2022 - $186,737; 2021 - $192,345)	185,923	189,977
Loans held-for-sale, at lower of cost or fair value	8,065	59,168
Loans held-in-portfolio	31,805,921	29,506,225
Less - Unearned income	282,733	265,668
Allowance for credit losses	703,096	695,366
Total loans held-in-portfolio, net	30,820,092	28,545,191
Premises and equipment, net	492,685	494,240
Other real estate	93,239	85,077
Accrued income receivable	224,307	203,096
Mortgage servicing rights, at fair value	130,541	121,570
Other assets	1,700,378	1,628,571
Goodwill	827,428	720,293
Other intangible assets	13,738	16,219
Total assets	70,729,675	75,097,899
Deposits:
Non-interest bearing	17,605,339	15,684,482
Interest bearing	47,213,988	51,320,606
Total deposits	64,819,327	67,005,088
Assets sold under agreements to repurchase	162,450	91,603
Other short-term borrowings	250,000	75,000
Notes payable	888,534	988,563
Other liabilities	934,526	968,248
Total liabilities	67,054,837	69,128,502
Commitments and contingencies
Stockholders' equity:
Preferred stock, 30,000,000 shares authorized; 885,726 shares issued and outstanding (2021 - 885,726)	22,143	22,143
Common stock, $0.01 par value; 170,000,000 shares authorized;104,634,905 shares issued (2021 - 104,579,334) and 72,673,344 shares outstanding (2021 - 79,851,169)	1,046	1,046
Surplus	4,652,508	4,650,182
Retained earnings	3,694,020	2,973,745
Treasury stock - at cost, 31,961,561 shares (2021 - 24,728,165)	(1,970,548)	(1,352,650)
Accumulated other comprehensive loss, net of tax	(2,724,331)	(325,069)
Total stockholders' equity	3,674,838	5,969,397
Total liabilities and stockholders' equity	$ 70,729,675	$ 75,097,899

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF CONDITION (PARENTHETICAL) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Held to maturity securities fair value	$ 1,897,558	$ 83,368
Realizable Value Of Equity Securities	$ 186,737	$ 192,345
Preferred stock shares authorized	30,000,000	30,000,000
Preferred stock, shares issued	885,726	885,726
Preferred stock shares outstanding	885,726	885,726
Common Stock Par Or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock Shares Authorized	170,000,000	170,000,000
Common Stock Shares Issued	104,634,905	104,579,334
Common Stock Shares Outstanding	72,673,344	79,851,169
Treasury stock	31,961,561	24,728,165

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income:
Loans	$ 481,088	$ 435,296	$ 1,354,124	$ 1,303,726
Money market investments	36,966	6,914	67,172	14,300
Investment securities	133,181	87,952	331,421	265,348
Total interest income	651,235	530,162	1,752,717	1,583,374
Interest expense:
Deposits	60,897	27,029	113,507	85,290
Short-term borrowings	921	54	1,249	259
Long-term debt	9,798	13,686	30,168	41,518
Total interest expense	71,616	40,769	144,924	127,067
Net interest income	579,619	489,393	1,607,793	1,456,307
Provision for credit losses (benefit)	39,637	(61,173)	33,499	(160,414)
Net interest income after provision for credit losses (benefit)	539,982	550,566	1,574,294	1,616,721
Non-interest income:
Mortgage banking activities	9,448	8,307	35,888	33,098
Net gain on sale of debt securities	0	23	0	23
Net (loss) gain, including impairment, on equity securities	(1,448)	(401)	(7,651)	1,585
Net (loss) gain on trading account debt securities	(274)	58	(946)	(34)
Net loss on sale of loans, including valuation adjustments on loans held-for-sale	0	0	0	(73)
Adjustments to indemnity reserves on loans sold	1,715	2,038	1,140	3,008
Other operating income	290,645	37,476	342,651	91,304
Total non-interest income	426,494	169,258	738,597	477,451
Operating expenses:
Personnel costs	193,843	157,647	529,627	471,330
Net occupancy expenses	27,420	24,896	78,357	75,471
Equipment expenses	26,626	22,537	75,193	66,917
Other taxes	15,966	14,459	47,461	41,623
Professional fees	112,221	104,709	335,590	305,810
Communications	6,224	6,133	18,364	18,971
Business promotion	24,348	18,116	60,784	47,148
FDIC deposit insurance	6,610	7,181	20,445	18,891
Other real estate owned (OREO) income	(2,444)	(1,722)	(12,963)	(10,554)
Other operating expenses	55,486	33,429	120,373	93,185
Amortization of intangibles	795	783	2,481	3,089
Goodwill impairment charge	9,000	0	9,000	0
Total operating expenses	476,095	388,168	1,284,712	1,131,881
Income before income tax	490,381	331,656	1,028,179	962,291
Income tax expense	67,986	83,542	182,677	233,466
Net Income	422,395	248,114	845,502	728,825
Net Income Applicable to Common Stock	$ 422,042	$ 247,761	$ 844,443	$ 727,766
Net Income per Common Share - Basic	$ 5.71	$ 3.09	$ 11.09	$ 8.89
Net Income per Common Share - Diluted	$ 5.70	$ 3.09	$ 11.07	$ 8.87
Service charges on deposit accounts
Non-interest income:
Revenue from contract with customer	$ 40,006	$ 41,312	$ 122,528	$ 121,085
Other services
Non-interest income:
Revenue from contract with customer	$ 86,402	$ 80,445	$ 244,987	$ 227,455

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Income and Comprehensive Income
Net income	$ 422,395	$ 248,114	$ 845,502	$ 728,825
Other comprehensive (loss) income before tax:
Foreign currency translation adjustment	7,206	(1,265)	10,346	2,030
Adjustment of pension and postretirement benefit plans	0	0	2,030	0
Amortization of net losses of pension and postretirement benefit plans	3,911	5,187	11,733	15,566
Unrealized holding losses on debt securities arising during the period	(876,854)	(55,220)	(2,716,474)	(375,634)
Reclassification adjustment for gains included in net income	0	(23)	0	(23)
Unrealized net gains (losses) on cash flow hedges	392	(721)	3,903	900
Reclassification adjustment for net losses (gains) included in net income	828	1,518	(751)	1,707
Other comprehensive loss before tax	(864,517)	(50,524)	(2,689,213)	(355,454)
Income tax benefit	93,202	6,120	289,951	25,368
Total other comprehensive (loss) income, net of tax	(771,315)	(44,404)	(2,399,262)	(330,086)
Comprehensive (loss) income, net of tax	$ (348,920)	$ 203,710	$ (1,553,760)	$ 398,739

TAX EFFECT ALLOCATED TO EACH CO

TAX EFFECT ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Income and Comprehensive Income
Adjustment of pension and postretirement benefit plans	$ 0	$ 0	$ (761)	$ 0
Amortization of net losses of pension and postretirement benefit plans	(1,467)	(1,945)	(4,401)	(5,840)
Unrealized holding losses on debt securities arising during the period	94,956	8,264	295,326	31,760
Reclassification adjustment for gains included in net income	0	5	0	5
Unrealized net gains (losses) on cash flow hedges	23	256	(681)	(238)
Reclassification adjustment for net losses (gains) included in net income	(310)	(460)	468	(319)
Income tax benefit	$ 93,202	$ 6,120	$ 289,951	$ 25,368

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands		Total		Common Stock	Preferred Stock	Capital surplus	Retained earnings	Treasury stock	Accumulated other comprehensive income (loss)
Beginning balance at Dec. 31, 2020		$ 6,028,687		$ 1,045	$ 22,143	$ 4,571,534	$ 2,260,928	$ (1,016,954)	$ 189,991
Increase Decrease In Stockholders Equity
Net income		728,825					728,825
Issuance of stock		3,461		1		3,460
Dividends declared:
Common stock	[1]	(106,354)	[2]				(106,354)
Preferred stock		(1,059)					(1,059)
Common stock purchases	[3]	(355,571)				(8,557)		(347,014)
Stock based compensation		15,068				3,204		11,864
Other comprehensive loss, net of tax		(330,086)							(330,086)
Ending balance at Sep. 30, 2021		5,982,971		1,046	22,143	4,569,641	2,882,340	(1,352,104)	(140,095)
Beginning balance at Jun. 30, 2021		5,814,614		1,045	22,143	4,506,659	2,670,885	(1,290,427)	(95,691)
Increase Decrease In Stockholders Equity
Net income		248,114					248,114
Issuance of stock		1,235		1		1,234
Dividends declared:
Common stock	[2]	(36,306)					(36,306)
Preferred stock		(353)					(353)
Common stock purchases	[4]	(264)				61,443		(61,707)
Stock based compensation		335				305		30
Other comprehensive loss, net of tax		(44,404)							(44,404)
Ending balance at Sep. 30, 2021		5,982,971		1,046	22,143	4,569,641	2,882,340	(1,352,104)	(140,095)
Beginning balance at Dec. 31, 2021		5,969,397		1,046	22,143	4,650,182	2,973,745	(1,352,650)	(325,069)
Increase Decrease In Stockholders Equity
Net income		845,502					845,502
Issuance of stock		4,285				4,285
Dividends declared:
Common stock		(124,168)					(124,168)
Preferred stock		(1,059)					(1,059)
Common stock purchases	[5]	(637,520)				(5,882)		(631,638)
Stock based compensation		17,663				3,923		13,740
Other comprehensive loss, net of tax		(2,399,262)							(2,399,262)
Ending balance at Sep. 30, 2022		3,674,838		1,046	22,143	4,652,508	3,694,020	(1,970,548)	(2,724,331)
Beginning balance at Jun. 30, 2022		4,293,349		1,046	22,143	4,576,478	3,311,951	(1,665,253)	(1,953,016)
Increase Decrease In Stockholders Equity
Net income		422,395					422,395
Issuance of stock		1,550				1,550
Dividends declared:
Common stock	[6]	(39,973)					(39,973)
Preferred stock		(353)					(353)
Common stock purchases		(231,225)				74,118		(305,343)
Stock based compensation		410				362		48
Other comprehensive loss, net of tax		(771,315)							(771,315)
Ending balance at Sep. 30, 2022		$ 3,674,838		$ 1,046	$ 22,143	$ 4,652,508	$ 3,694,020	$ (1,970,548)	$ (2,724,331)
[1] Dividends declared per common share during the nine months ended September 30, 2022 - $ 1.65 (2021 - $ 1.30). Dividends declared per common share during the quarter ended September 30, 2022 - $ 0.55 (2021 - $ 0.45). During the nine months ended September 30, 2021, the Corporation entered into a $ 350 million accelerated share repurchase transaction with respect to its common stock, which was accounted for as a treasury stock transaction. Refer to Note 18 for additional information. During the quarter ended September 30, 2021, the Corporation completed a $ 350 million accelerated share repurchase transaction with respect to its common stock, which was accounted for as a treasury stock transaction. Refer to Note 18 for additional information. During the nine months ended September 30, 2022, the Corporation completed a $ 400 million accelerated share repurchase transaction with respect to its common stock and entered into an additional $ 231 million accelerated share repurchase transaction with respect to its common stock. Both were accounted for as a treasury stock transaction. Refer to Note 18 for additional information. During July 2022, the Corporation completed a $ 400 million accelerated share repurchase transaction with respect to its common stock. During August 2022, the Corporation entered into a $ 231 million accelerated share repurchase transaction with respect to its common stock. Both were accounted for as treasury stock transactions. Refer to Note 18 for additional information.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Aug. 26, 2022	Jul. 12, 2022	May 03, 2021
Dividends Declared per Common Share	$ 0.55	$ 0.45	$ 1.65	$ 1.30
Accelerate share repurchase
Stock Repurchase Program Authorized Amount	$ 231	$ 350	$ 231	$ 350	$ 231		$ 350
Accelerated share repurchase completed	$ 400		$ 400			$ 400

DISCLOSURE OF CHANGES IN NUMBER

DISCLOSURE OF CHANGES IN NUMBER OF SHARES - shares	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Preferred Stock:
Preferred stock - Balance at beginning of period	885,726	885,726
Preferred stock - Balance at ending of period	885,726	885,726
Common Stock - Issued:
Common stock - balance at beginning of period	104,579,334	104,508,290
Issuance of stock	55,571	54,643
Common stock - balance at end of period	104,634,905	104,562,933
Treasury stock	(31,961,561)	(24,721,369)
Common stock shares outstanding	72,673,344	79,841,564

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 845,502	$ 728,825
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses (benefit)	33,499	(160,414)
Goodwill impairment losses	9,000	0
Amortization of intangibles	2,481	3,089
Depreciation and amortization of premises and equipment	41,207	41,416
Net accretion of discounts and amortization of premiums and deferred fees	39,142	(21,773)
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives	(9,249)	(12,735)
Share-based compensation	14,822	16,186
Impairment losses on right-of-use and long-lived assets	688	303
Fair value adjustments on mortgage servicing rights	(2,776)	11,706
Fair value adjustment for contingent consideration	(9,241)	0
Adjustments to indemnity reserves on loans sold	(1,140)	(3,008)
Earnings from investments under the equity method, net of dividends or distributions	(22,011)	(39,135)
Deferred income tax expense	50,460	198,110
(Gain) loss on:
Disposition of premises and equipment and other productive assets	(7,221)	(18,292)
Sale of debt securities	0	(23)
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities	374	(16,183)
Disposition of stock as part of the Evertec Transactions	(240,412)	0
Sale of foreclosed assets, including write-downs	(24,339)	(23,622)
Acquisitions of loans held-for-sale	(118,368)	(191,591)
Proceeds from sale of loans held-for-sale	51,468	73,362
Net originations on loans held-for-sale	(191,570)	(413,258)
Net decrease (increase) in:
Trading debt securities	338,166	535,835
Equity securities	3,633	(1,621)
Accrued income receivable	(21,236)	8,584
Other assets	46,812	2,379
Net decrease in:
Interest payable	(4,936)	(10,483)
Pension and other postretirement benefits obligation	(2,252)	(3,078)
Other liabilities	(9,095)	(6,605)
Total adjustments	(32,094)	(30,851)
Net cash provided by operating activities	813,408	697,974
Cash flows from investing activities:
Net decrease (increase) in money market investments	13,562,791	(5,884,981)
Purchases of investment securities:
Available-for-sale	(18,142,424)	(12,117,969)
Held-to-maturity	(1,879,443)	0
Equity	(34,029)	(11,648)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:
Available-for-sale	12,066,879	7,903,982
Held-to-maturity	9,185	8,869
Proceeds from sale of investment securities:
Available-for-sale	0	235,992
Equity	34,450	2,688
Net (disbursements) repayments on loans	(1,762,828)	680,937
Proceeds from sale of loans	56,611	99,680
Acquisition of loan portfolios	(580,625)	(213,804)
Payments to acquire other intangible	0	(1,185)
Return of capital from equity method investments	0	3,616
Payments to acquire equity method investments	(1,625)	0
Proceeds from Evertec Stock Sale	219,883	0
Acquisition of premises and equipment	(67,887)	(50,809)
Proceeds from sale of:
Premises and equipment and other productive assets	8,963	19,874
Foreclosed assets	75,719	69,456
Net cash provided by (used in) investing activities	3,565,620	(9,255,302)
Net (decrease) increase in:
Deposits	(2,177,088)	9,148,635
Assets sold under agreements to repurchase	70,847	(34,833)
Other short-term borrowings	175,000	0
Payment of notes payable	(101,000)	(49,009)
Principal payments of finance leases	(2,363)	(2,262)
Proceeds from issuance of common stock	4,285	3,461
Dividends paid	(121,190)	(104,808)
Net payments for repurchase of common stock	(631,749)	(350,521)
Payments related to tax witholding for share-based compensation	(5,771)	(5,050)
Net cash (used in) provided by financing activities	(2,789,029)	8,605,613
Net increase in cash and due from banks, and restricted cash	1,589,999	48,285
Cash and due from banks and restricted cash at beginning of period	434,512	497,094
Cash and due from banks and restricted cash at end of period	$ 2,024,511	$ 545,379

Nature of operations

Nature of operations	9 Months Ended
	Sep. 30, 2022
Nature of operation [Abstract]
Nature Of Operations	Note 1 – Nature of operations Popular, Inc. (the “Corporation” or “Popular”) is a diversified, publicly-owned financial holding company subject to the supervision and regulation of the Board of Governors of the Federal Reserve System. The Corporation has operations in Puerto Rico, the mainland United States (“U.S.”) and the U.S. and British Virgin Islands. In Puerto Rico, the Corporation provides retail, mortgage, and commercial banking services, through its principal banking subsidiary, Banco Popular de Puerto Rico (“BPPR”), as well as investment banking, broker-dealer, auto and equipment leasing and financing, and insurance services through specialized subsidiaries. In the mainland U.S., the Corporation provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank (“PB” or “Popular U.S.”), which has branches located in New York, New Jersey and Florida, and equipment leasing and financing services through a wholly-owned subsidiary of PB.

Basis of presentation

Basis of presentation	9 Months Ended
	Sep. 30, 2022
Basis of presentation [Abstract]
Basis of presentation	Note 2 – Basis of Presentation Basis of Presentation The consolidated interim financial statements have been prepared without audit. The Consolidated Statement of Financial Condition data at December 31, 2021 was derived from audited financial statements. The unaudited interim financial statements are, in the opinion of management, a fair statement of the results for the periods reported and include all necessary adjustments, all of a normal recurring nature, for a fair statement of such results. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted from the unaudited financial statements pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, these financial statements should be read in conjunction with the audited Consolidated Financial Statements of the Corporation for the year ended December 31, 2021, included in the Corporation’s 2021 Form 10-K. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

New accounting pronouncements

New accounting pronouncements	9 Months Ended
	Sep. 30, 2022
New Accounting Pronouncements and Changes in Accounting Principles
New Accounting Pronouncements	Note 3 - New accounting pronouncements Recently Adopted Accounting Standards Updates Standard Description Date of adoption Effect on the financial statements FASB ASU 2021-05, Leases (Topic 842), Lessors – Certain Leases with Variable Lease Payments The FASB issued ASU 2021-05 in July 2021, which amends ASC Topic 842 so that lessors can classify as operating leases those leases with variable lease payments that, prior to these amendments, would have been classified as a sales-type or direct financing lease and at inception a loss would have been recognized. January 1, 2022 The Corporation was not impacted by the adoption of ASU 2021-05 during the first quarter of 2022 since it does not hold direct financing leases with variable lease payments. FASB ASU 2021-04, Earnings per Share (Topic 260), Debt – Modifications and Extinguishments (Subtopic 470-50), Compensation – Stock Compensation (Topic 718), and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (a consensus of the FASB Emerging Issues Task Force) The FASB issued ASU 2021-04 in May 2021, which clarifies the accounting for a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after a modification or exchange and the related EPS effects of such transaction if recognized as an adjustment to equity. January 1, 2022 The Corporation was not impacted by the adoption of ASU 2021-04 during the first quarter of 2022 since it does not hold freestanding equity-classified written call options under the scope of this guidance. FASB ASU 2020-06, Debt – Debt with Conversion and other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity The FASB issued ASU 2020-06 in August 2020 which, among other things, simplifies the accounting for convertible instruments and contracts in an entity’s own equity and amends the diluted EPS computation for these instruments. January 1, 2022 The Corporation adopted ASU 2020-06 during the first quarter of 2022. There was no material impact upon the adoption in the analysis of the accelerated share repurchase transaction discussed in Note 17, which was classified as an equity instrument and the related potential shares were considered in its dilutive earnings per share calculation. Accounting Standards Updates Not Yet Adopted Standard Description Date of adoption Effect on the financial statements FASB ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations The FASB issued ASU 2022-04 in September 2022, which requires to disclose information about the use of supplier finance programs in connection with the purchase of goods and services. January 1, 2023 The Corporation is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements’ presentation and disclosures. FASB ASU 2022-03, Fair Value Measurement (Topic 820) Fair Value Measurement of Equity Securities Subject to Contractual Sale Restriction The FASB issued ASU 2022-03 in June 2022, which clarifies that a contractual restriction that prohibits the sale of an equity security is not considered part of the unit of account of the equity security, therefore, is not considered in measuring its fair value. The ASU also provides enhanced disclosures for equity securities subject to a contractual sale restriction. January 1, 2024 The Corporation does not anticipate that the adoption of this accounting pronouncement will have a material effect in its consolidated statement of financial condition and results of operations. FASB ASU 2022-02, Financial Instruments—Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures The FASB issued ASU 2022-02 in March 2022, which eliminates the accounting guidance for troubled debt restructurings (“TDRs”) in Subtopic 310-40 Receivables—Troubled Debt Restructurings by Creditors and requires to apply the loan refinancing and restructuring guidance to determine whether a modification results in a new loan or a continuation of an existing loan. In addition, the ASU enhances the disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty and enhances the vintage disclosure by requiring to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. January 1, 2023 The Corporation is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements’ presentation and disclosures. The Corporation plans to adopt ASU 2022-02 on January 1, 2023 using a modified retrospective approach. Accordingly, any change in the allowance for credit losses would be reflected as a cumulative-effect adjustment to the beginning balance of retained earning in the period of adoption. FASB ASU 2022-01, Derivatives and Hedging (Topic 815) – Fair Value Hedging—Portfolio Layer Method The FASB issued ASU 2022-01 in March 2022, which amends ASC Topic 815 by allowing non prepayable financial assets also to be included in a closed portfolio hedged using the portfolio layer method. This amendment permits an entity to apply fair value hedging to a stated amount of a closed portfolio of prepayable and non-prepayable financial assets without considering prepayment risk or credit risk when measuring those assets. January 1, 2023 The Corporation does not expect to be impacted by the adoption of this standard since it does not hold derivatives designated as fair value hedges. For other recently issued Accounting Standards Updates not yet effective, refer to Note 3 to the Consolidated Financial Statements included in the 2021 Form 10-K.

Business Combinations

Business Combinations	9 Months Ended
	Sep. 30, 2022
Business Combinations [Abstract]
Business Combination	Note 4 – Business combination On July 1, 2022, BPPR completed its previously announced acquisition of certain assets used by Evertec Group, LLC (“Evertec Group”), a wholly owned subsidiary of Evertec, Inc. (“Evertec”), to service certain BPPR channels (“Business Acquisition Transaction”). As a result of the closing of the Business Acquisition Transaction, BPPR acquired from Evertec Group certain critical channels, including BPPR’s retail and business digital banking and commercial cash management applications. In connection with the Business Acquisition Transaction, BPPR also entered into amended and restated service agreements with Evertec Group pursuant to which Evertec Group will continue to provide various information technology and transaction processing services to Popular, BPPR and their respective subsidiaries. Under the amended service agreements, Evertec Group no longer has exclusive rights to provide certain of Popular’s technology services. The amended service agreements include discounted pricing and lowered caps on contractual pricing escalators tied to the Consumer Price Index. As part of the transaction, BPPR and Evertec also entered into a revenue sharing structure for BPPR in connection with its merchant acquiring relationship with Evertec. Under the terms of the amended and restated Master Servicing Agreement (“MSA”), Evertec will be entitled to receive monthly payments from the Corporation to the extent that Evertec’s revenues, covered under the MSA, fall below certain agreed annualized minimum amounts. As consideration for the Business Acquisition Transaction, BPPR delivered to Evertec Group 4,589,169 shares of Evertec common stock valued at closing at $ 169.2 million (based on Evertec’s stock price on June 30, 2022 of $ 36.88). A total of $ 144.8 million of the consideration for the transaction was attributed to the acquisition of the critical channels of which $ 28.7 million were attributed to Software Intangible Assets and $ 116.1 million were attributed to goodwill. The transaction was accounted for as a business combination. The remaining $ 24.2 million was attributed to the renegotiation of the MSA with Evertec and was recorded as an expense. The Corporation also recorded a credit of $ 6.9 million in Evertec billings under the MSA during the third quarter of 2022 as a result of the Business Acquisition Transaction, resulting in a net expense charge for the quarter of $ 17.3 million. On August 15, 2022, the Corporation completed the sale of its remaining 7,065,634 shares of common stock of Evertec (the “Evertec Stock Sale”, and collectively with the Business Acquisition Transaction, the “Evertec Transactions”). Following the Evertec Stock Sale, Popular no longer owns any Evertec common stock. The impact of the gain on the sale of Evertec shares used as consideration for the Business Acquisition Transaction in exchange for the acquired applications on July 1, 2022 and the net expense associated with the renegotiation of the MSA, together with the Evertec Stock Sale and the related accounting adjustments of the Evertec Transactions, resulted in an aggregate after-tax gain of $ 226.6 million, recorded during the third quarter of 2022. The following table presents the fair values of the consideration and major classes of identifiable assets acquired by BPPR as of July 1, 2022. As recorded by (In thousands) Popular, Inc. Stock consideration $ 144,785 Total consideration $ 144,785 Assets: Developed technology - Software intangible assets $ 28,650 Total assets $ 28,650 Net assets acquired $ 28,650 Goodwill on acquisition $ 116,135 The fair value initially assigned to the assets acquired is preliminary and subject to refinement for up to one year after the closing date of the acquisition as new information relative to closing date fair value becomes available. As the Corporation finalizes its analysis, there may continue to be adjustments to the recorded carrying values, and thus the recognized goodwill may increase or decrease. The following is a description of the methods used to determine the fair values of significant assets acquired in the Business Acquisition Transaction: Developed technology – Software intangible assets In order to determine the fair value of the developed technology acquired, the Corporation considered the guidance in ASC Topic 820, Fair Value Measurements. The Corporation used the cost replacement methodology and estimated the cost that would be incurred in developing the acquired technology as the assets’ fair value. In developing this estimate, the Corporation considered the historical direct costs as well as indirect costs and applied an inflation factor to arrive at what would be the current replacement cost. To this estimated cost, the Corporation applied an obsolescence factor to arrive at the estimated fair value of the acquired technology. The obsolescence factor considered the estimated remaining useful life of the acquired software, considering existing and upcoming technology changes, as well as the scalability of the system architecture for further developments. This software acquired for internal use is recorded within Other Assets in the accompanying Consolidated Financial Statements and will be amortized over its current estimated remaining useful life of 5 years. Goodwill The goodwill is the residual difference between the consideration transferred to Evertec and the fair value of the assets acquired, net of the liabilities assumed, if any. The entire amount of goodwill is deductible for income tax purposes pursuant to P.R. Internal Revenue Code (“IRC”) section 1033.07 over a 15-year period. The Corporation believes that given the amount of assets acquired and the size of the operations acquired in relation to Popular’s operations, the historical results of Evertec are not material to Popular’s results, and thus no pro forma information is presented.

Restrictions on cash and due fr

Restrictions on cash and due from banks and certain securities	9 Months Ended
	Sep. 30, 2022
Restricted cash and investment [Abstract]
Restricted On Cash And Due From Banks And Certain Securities	Note 5 - Restrictions on cash and due from banks and certain securities BPPR is required by regulatory agencies to maintain average reserve balances with the Federal Reserve Bank of New York (the “Fed”) or other banks. Those required average reserve balances amounted to $ 2.8 billion at September 30, 2022 (December 31, 2021 - $ 2.7 billion). Cash and due from banks, as well as other highly liquid securities, are used to cover the required average reserve balances. At September 30, 2022, the Corporation held $ 111 million in restricted assets in the form of funds deposited in money market accounts, debt securities available for sale and equity securities (December 31, 2021 - $ 50 million). The restricted assets held in debt securities available for sale and equity securities consist primarily of assets held for the Corporation’s non-qualified retirement plans and fund deposits guaranteeing possible liens or encumbrances over the title of insured properties.

Debt securities available-for-s

Debt securities available-for-sale	9 Months Ended
	Sep. 30, 2022
Debt securities available-for-sale
Debt Securities, Available-for-sale
Investments in debt and marketable equity securities	Note 6 – Debt securities available-for-sale The following tables present the amortized cost, gross unrealized gains and losses, approximate fair value, weighted average yield and contractual maturities of debt securities available-for-sale at September 30, 2022 and December 31, 2021 At September 30, 2022 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 7,690,995 $ 382 $ 34,608 $ 7,656,769 2.23 % After 1 to 5 years 11,739,136 - 944,129 10,795,007 1.26 After 5 to 10 years 3,531,911 - 477,765 3,054,146 1.39 Total U.S. Treasury securities 22,962,042 382 1,456,502 21,505,922 1.60 Collateralized mortgage obligations - federal agencies After 1 to 5 years 4,288 - 207 4,081 1.77 After 5 to 10 years 37,695 - 2,058 35,637 1.70 After 10 years 147,962 28 11,504 136,486 2.39 Total collateralized mortgage obligations - federal agencies 189,945 28 13,769 176,204 2.24 Mortgage-backed securities Within 1 year 1 - - 1 7.16 After 1 to 5 years 72,119 16 3,620 68,515 2.36 After 5 to 10 years 833,972 47 67,813 766,206 2.11 After 10 years 7,013,463 1,266 1,268,503 5,746,226 1.60 Total mortgage-backed securities 7,919,555 1,329 1,339,936 6,580,948 1.66 Other After 1 to 5 years 1,077 - 3 1,074 3.97 Total other 1,077 - 3 1,074 3.97 Total debt securities available-for-sale [1] $ 31,072,619 $ 1,739 $ 2,810,210 $ 28,264,148 1.62 % [1] Includes $ 19.6 billion pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $ 18.5 billion serve as collateral for public funds. At December 31, 2021 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 1,225,558 $ 13,556 $ 69 $ 1,239,045 2.33 % After 1 to 5 years 10,059,163 98,808 65,186 10,092,785 1.18 After 5 to 10 years 4,563,265 739 36,804 4,527,200 1.22 Total U.S. Treasury securities 15,847,986 113,103 102,059 15,859,030 1.27 Obligations of U.S. Government sponsored entities Within 1 year 70 - - 70 5.63 Total obligations of U.S. Government sponsored entities 70 - - 70 5.63 Collateralized mortgage obligations - federal agencies After 1 to 5 years 2,433 42 - 2,475 2.16 After 5 to 10 years 43,241 295 6 43,530 1.54 After 10 years 172,176 3,441 357 175,260 2.13 Total collateralized mortgage obligations - federal agencies 217,850 3,778 363 221,265 2.01 Mortgage-backed securities Within 1 year 11 1 - 12 4.79 After 1 to 5 years 65,749 2,380 11 68,118 2.23 After 5 to 10 years 665,600 17,998 5 683,593 1.97 After 10 years 8,263,835 68,128 195,910 8,136,053 1.67 Total mortgage-backed securities 8,995,195 88,507 195,926 8,887,776 1.69 Other After 1 to 5 years 123 5 - 128 3.62 Total other 123 5 - 128 3.62 Total debt securities available-for-sale [1] $ 25,061,224 $ 205,393 $ 298,348 $ 24,968,269 1.42 % [1] Includes $ 22.0 billion pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $ 20.9 billion serve as collateral for public funds. The weighted average yield on debt securities available-for-sale is based on amortized cost; therefore, it does not give effect to changes in fair value. Securities not due on a single contractual maturity date, such as mortgage-backed securities and collateralized mortgage obligations, are classified based on the period of final contractual maturity. The expected maturities of collateralized mortgage obligations, mortgage-backed securities and certain other securities may differ from their contractual maturities because they may be subject to prepayments or may be called by the issuer. There were no debt securities available-for-sale sold during the nine months ended September 30, 2022. During the nine months ended September 30, 2021, the Corporation sold U.S. Treasury Notes. The proceeds from these sales were $ 236 million. The following tables present the Corporation’s fair value and gross unrealized losses of debt securities available-for-sale, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2022 and December 31, 2021 . At September 30, 2022 Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Fair unrealized Fair unrealized (In thousands) value losses value losses value losses U.S. Treasury securities $ 13,636,522 $ 1,054,349 $ 3,617,608 $ 402,153 $ 17,254,130 $ 1,456,502 Collateralized mortgage obligations - federal agencies 160,914 11,468 12,509 2,301 173,423 13,769 Mortgage-backed securities 1,810,828 170,187 4,721,928 1,169,749 6,532,756 1,339,936 Other 74 3 - - 74 3 Total debt securities available-for-sale in an unrealized loss position $ 15,608,338 $ 1,236,007 $ 8,352,045 $ 1,574,203 $ 23,960,383 $ 2,810,210 At December 31, 2021 Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Fair unrealized Fair unrealized (In thousands) value losses value losses value losses U.S. Treasury securities $ 9,590,448 $ 102,059 $ - $ - $ 9,590,448 $ 102,059 Collateralized mortgage obligations - federal agencies 35,533 334 1,084 29 36,617 363 Mortgage-backed securities 5,767,556 170,614 595,051 25,312 6,362,607 195,926 Total debt securities available-for-sale in an unrealized loss position $ 15,393,537 $ 273,007 $ 596,135 $ 25,341 $ 15,989,672 $ 298,348 As of September 30, 2022, the portfolio of available-for-sale debt securities reflects gross unrealized losses of approximately $ 2.8 billion, driven mainly by fixed-rate U.S. Treasury Securities and mortgage-backed securities, which have been impacted by a decline in fair value as a result of the rising interest rate environment. The portfolio of available-for-sale debt securities is comprised mainly of U.S Treasuries and obligations from the U.S. Government, its agencies or government sponsored entities, including FNMA, FHMLC and GNMA. As discussed in Note 2 to the Consolidated Financial Statements included in Form 10-K for the year ended December 31, 2021, these securities carry an explicit or implicit guarantee from the U.S. Government, are highly rated by major rating agencies, and have a long history of no credit losses. Accordingly, the Corporation applies a zero-credit loss assumption and no ACL for these securities has been established. In October 2022, the Corporation transferred U.S. Treasury securities with a fair value of $ 6.5 billion (par value of $ 7.4 billion) from its available-for-sale portfolio to its held-to-maturity portfolio. Refer to additional information on Note 34, Subsequent Events .

Debt securities held-to-maturit

Debt securities held-to-maturity	9 Months Ended
	Sep. 30, 2022
Held To Maturity Debt Securities
Debt Securities, Held-to-maturity
Investments in debt and marketable equity securities	Note 7 –Debt securities held-to-maturity The following tables present the amortized cost, allowance for credit losses, gross unrealized gains and losses, approximate fair value, weighted average yield and contractual maturities of debt securities held-to-maturity at September 30, 2022 and December 31, 2021. At September 30, 2022 Allowance Gross Gross Weighted Amortized for Credit Net of unrealized unrealized Fair average (In thousands) cost Losses Allowance gains losses value yield U.S. Treasury securities Within 1 year $ 348,053 $ - $ 348,053 $ - $ 3,262 $ 344,791 3.00 % After 1 to 5 years 1,533,494 - 1,533,494 - 48,605 1,484,889 2.75 Total U.S. Treasury securities 1,881,547 - 1,881,547 - 51,867 1,829,680 2.80 Obligations of Puerto Rico, States and political subdivisions Within 1 year 4,530 11 4,519 7 - 4,526 6.10 After 1 to 5 years 19,105 215 18,890 149 81 18,958 4.24 After 5 to 10 years 1,025 33 992 33 - 1,025 5.80 After 10 years 41,519 6,951 34,568 4,947 2,130 37,385 1.41 Total obligations of Puerto Rico, States and political subdivisions 66,179 7,210 58,969 5,136 2,211 61,894 2.62 Collateralized mortgage obligations - federal agencies After 1 to 5 years 24 - 24 - - 24 6.44 Total collateralized mortgage obligations - federal agencies 24 - 24 - - 24 6.44 Securities in wholly owned statutory business trusts After 10 years 5,960 - 5,960 - - 5,960 6.33 Total securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 6.33 Total debt securities held-to-maturity $ 1,953,710 $ 7,210 $ 1,946,500 $ 5,136 $ 54,078 $ 1,897,558 2.80 % At December 31, 2021 Allowance Gross Gross Weighted Amortized for Credit Net of unrealized unrealized Fair average (In thousands) cost Losses Allowance gains losses value yield Obligations of Puerto Rico, States and political subdivisions Within 1 year $ 4,240 $ 7 $ 4,233 $ 4 $ - $ 4,237 6.07 % After 1 to 5 years 14,395 148 14,247 149 - 14,396 6.23 After 5 to 10 years 11,280 122 11,158 104 - 11,262 2.18 After 10 years 43,561 7,819 35,742 11,746 - 47,488 1.50 Total obligations of Puerto Rico, States and political subdivisions 73,476 8,096 65,380 12,003 - 77,383 2.79 Collateralized mortgage obligations - federal agencies After 1 to 5 years 25 - 25 - - 25 6.44 Total collateralized mortgage obligations - federal agencies 25 - 25 - - 25 6.44 Securities in wholly owned statutory business trusts After 10 years 5,960 - 5,960 - - 5,960 6.33 Total securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 6.33 Total debt securities held-to-maturity $ 79,461 $ 8,096 $ 71,365 $ 12,003 $ - $ 83,368 3.06 % Debt securities not due on a single contractual maturity date, such as collateralized mortgage obligations, are classified in the period of final contractual maturity. The expected maturities of collateralized mortgage obligations and certain other securities may differ from their contractual maturities because they may be subject to prepayments or may be called by the issuer. Credit Quality Indicators The following describes the credit quality indicators by major security type that the Corporation considers in its’ estimate to develop the allowance for credit losses for investment securities held-to-maturity. As discussed in Note 2 to the Consolidated Financial Statements included in Form 10-K for the year ended December 31, 2021, U.S. Treasury securities carry an explicit guarantee from the U.S. Government are highly rated by major rating agencies, and have a long history of no credit losses. Accordingly, the Corporation applies a zero-credit loss assumption and no ACL for these securities has been established. At September 30, 2022 and December 31, 2021, the “Obligations of Puerto Rico, States and political subdivisions” classified as held-to-maturity, includes securities issued by municipalities of Puerto Rico that are generally not rated by a credit rating agency. This includes $ 25 million of general and special obligation bonds issued by three municipalities of Puerto Rico, that are payable primarily from certain property taxes imposed by the issuing municipality (December 31, 2021 - $ 30 million). In the case of general obligations, they also benefit from a pledge of the full faith, credit and unlimited taxing power of the issuing municipality, which is required by law to levy property taxes in an amount sufficient for the payment of debt service on such general obligation bonds. The Corporation performs periodic credit quality reviews of these securities and internally assigns standardized credit risk ratings based on its evaluation. The Corporation considers these ratings in its estimate to develop the allowance for credit losses associated with these securities. For the definitions of the obligor risk ratings, refer to the Credit Quality section of Note 9 to the Consolidated Financial Statements . The following presents the amortized cost basis of securities held by the Corporation issued by municipalities of Puerto Rico aggregated by the internally assigned standardized credit risk rating: At September 30, 2022 At December 31, 2021 (In thousands) Securities issued by Puerto Rico municipalities Watch $ 13,735 $ 16,345 Pass 10,925 13,800 Total $ 24,660 $ 30,145 At September 30, 2022, the portfolio of “Obligations of Puerto Rico, States and political subdivisions” also includes $ 42 million in securities issued by the Puerto Rico Housing Finance Authority (“HFA”), a government instrumentality, for which the underlying source of payment is second mortgage loans in Puerto Rico residential properties (not the government), but for which HFA, provides a guarantee in the event of default and upon the satisfaction of certain other conditions (December 31, 2021 - $ 43 million). These securities are not rated by a credit rating agency. The Corporation assesses the credit risk associated with these securities by evaluating the refreshed FICO scores of a representative sample of the underlying borrowers. At September 30, 2022, the average refreshed FICO score for the representative sample, comprised of 65% of the nominal value of the securities, used for the loss estimate was of 707 (compared to 64% and 704, respectively, at December 31, 2021). The loss estimates for this portfolio was based on the methodology established under CECL for similar loan obligations. The Corporation does not consider the government guarantee when estimating the credit losses associated with this portfolio. A further deterioration of the Puerto Rico economy or of the fiscal health of the Government of Puerto Rico and/or its instrumentalities (including if any of the issuing municipalities become subject to a debt restructuring proceeding under PROMESA) could further affect the value of these securities, resulting in losses to the Corporation. Refer to Note 21 to the Consolidated Financial Statements for additional information on the Corporation’s exposure to the Puerto Rico Government. Delinquency status At September 30, 2022 and December 31, 2021, there were no securities held-to-maturity in past due or non-performing status. Allowance for credit losses on debt securities held-to-maturity The following table provides the activity in the allowance for credit losses related to debt securities held-to-maturity by security type at September 30, 2022 and September 30, 2021: For the quarters ended September 30, 2022 2021 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 7,495 $ 10,214 Provision for credit losses (benefit) ( 285) ( 992) Securities charged-off - - Recoveries - - Ending balance $ 7,210 $ 9,222 For the nine months ended September 30, 2022 2021 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 8,096 $ 10,261 Provision for credit losses (benefit) ( 886) ( 1,039) Securities charged-off - - Recoveries - - Ending balance $ 7,210 $ 9,222 The allowance for credit losses for the Obligations of Puerto Rico, States and political subdivisions includes $ 0.3 million for securities issued by municipalities of Puerto Rico, and $ 6.9 million for bonds issued by the Puerto Rico HFA, which are secured by second mortgage loans on Puerto Rico residential properties (compared to $ 0.3 million and $ 7.8 million, respectively, at December 31, 2021).

Loans

Loans	9 Months Ended
	Sep. 30, 2022
Receivables
Loans	Note 8 – Loans For a summary of the accounting policies related to loans, interest recognition and allowance for credit losses refer to Note 2 - Summary of significant accounting policies of the 2021 Form 10-K. During the quarter and nine months ended September 30, 2022 , the Corporation recorded purchases (including repurchases) of mortgage loans amounting to $ 66 million and $ 219 million, respectively, including $ 0.3 million and $ 4 million in PCD loans, respectively, and consumer loans of $ 135 million and $ 349 million, respectively. During the quarter and nine months ended September 30, 2022 , the Corporation recorded purchases of $ 106 million and $ 129 million, respectively in commercial loans. During the quarter and nine months ended September 30, 2021 , the Corporation recorded purchases (including repurchases) of mortgage loans amounting to $ 90 million and $ 310 million, respectively, including $ 1 million and $ 13 million in PCD loans, respectively, and commercial loans of $ 41 million and $ 90 million, respectively. The Corporation performed whole-loan sales involving approximately $ 17 million and $ 50 million of residential mortgage loans during the quarter and nine months ended September 30, 2022, respectively (September 30, 2021 - $ 31 million and $ 116 million, respectively). During the quarter and nine months ended September 30, 2022 , the Corporation performed sales of commercial loans, including loan participations amounting to $ 11 million and $ 54 million, respectively (September 30, 2021 - $ 35 million and $ 44 million, respectively). Also, the Corporation securitized approximately $ 14 million and $ 169 million of mortgage loans into Government National Mortgage Association (“GNMA”) mortgage-backed securities during the quarter and nine months ended September 30, 2022 , respectively ( September 30, 2021 - $ 85 million and $ 294 million, respectively). Furthermore, the Corporation securitized approximately $ 22 million and $ 117 million of mortgage loans into Federal National Mortgage Association (“FNMA”) mortgage-backed securities during the quarter and nine months ended September 30, 2022 , respectively ( September 30, 2021 - $ 76 million and $ 235 million, respectively). Also, the Corporation securitized approximately $ 9 million of mortgage loans into Federal Home Loan Mortgage Corporation (“FHLMC”) mortgage-backed securities during the nine months ended September 30, 2022 ( September 30, 2021 - $ 4 million and $ 18 million for the quarter and nine months ended ). Delinquency status The following tables present the amortized cost basis of loans held-in-portfolio (“HIP”), net of unearned income, by past due status, and by loan class including those that are in non-performing status or that are accruing interest but are past due 90 days or more at September 30, 2022 and December 31, 2021. September 30, 2022 Puerto Rico Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 546 $ - $ 251 $ 797 $ 276,521 $ 277,318 $ 251 $ - Commercial real estate: Non-owner occupied 3,005 789 21,443 25,237 2,820,803 2,846,040 21,443 - Owner occupied 10,992 7,834 28,379 47,205 1,540,932 1,588,137 28,379 - Commercial and industrial 7,105 1,139 38,003 46,247 3,547,841 3,594,088 37,375 628 Construction - 1,087 - 1,087 210,480 211,567 - - Mortgage 237,316 89,802 581,378 908,496 5,147,347 6,055,843 252,773 328,605 Leasing 14,487 2,740 5,697 22,924 1,515,580 1,538,504 5,697 - Consumer: Credit cards 7,268 4,481 10,361 22,110 966,406 988,516 - 10,361 Home equity lines of credit - - - - 2,957 2,957 - - Personal 13,725 7,348 18,137 39,210 1,478,746 1,517,956 18,117 20 Auto 71,230 21,852 34,432 127,514 3,401,390 3,528,904 34,432 - Other 708 768 12,025 13,501 124,950 138,451 11,748 277 Total $ 366,382 $ 137,840 $ 750,106 $ 1,254,328 $ 21,033,953 $ 22,288,281 $ 410,215 $ 339,891 September 30, 2022 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ - $ - $ - $ - $ 1,926,791 $ 1,926,791 $ - $ - Commercial real estate: Non-owner occupied - 136 10,631 10,767 1,660,668 1,671,435 10,631 - Owner occupied - 5,106 606 5,712 1,472,699 1,478,411 606 - Commercial and industrial 924 2,144 5,803 8,871 1,975,768 1,984,639 5,191 612 Construction - - - - 604,723 604,723 - - Mortgage 1,501 4,558 21,533 27,592 1,228,278 1,255,870 21,533 - Consumer: Credit cards - - - - 34 34 - - Home equity lines of credit 256 577 3,970 4,803 65,036 69,839 3,970 - Personal 1,495 1,529 1,261 4,285 233,780 238,065 1,261 - Other 704 - 12 716 4,384 5,100 12 - Total $ 4,880 $ 14,050 $ 43,816 $ 62,746 $ 9,172,161 $ 9,234,907 $ 43,204 $ 612 September 30, 2022 Popular, Inc. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP [2] [3] loans loans Commercial multi-family $ 546 $ - $ 251 $ 797 $ 2,203,312 $ 2,204,109 $ 251 $ - Commercial real estate: Non-owner occupied 3,005 925 32,074 36,004 4,481,471 4,517,475 32,074 - Owner occupied 10,992 12,940 28,985 52,917 3,013,631 3,066,548 28,985 - Commercial and industrial 8,029 3,283 43,806 55,118 5,523,609 5,578,727 42,566 1,240 Construction - 1,087 - 1,087 815,203 816,290 - - Mortgage [1] 238,817 94,360 602,911 936,088 6,375,625 7,311,713 274,306 328,605 Leasing 14,487 2,740 5,697 22,924 1,515,580 1,538,504 5,697 - Consumer: Credit cards 7,268 4,481 10,361 22,110 966,440 988,550 - 10,361 Home equity lines of credit 256 577 3,970 4,803 67,993 72,796 3,970 - Personal 15,220 8,877 19,398 43,495 1,712,526 1,756,021 19,378 20 Auto 71,230 21,852 34,432 127,514 3,401,390 3,528,904 34,432 - Other 1,412 768 12,037 14,217 129,334 143,551 11,760 277 Total $ 371,262 $ 151,890 $ 793,922 $ 1,317,074 $ 30,206,114 $ 31,523,188 $ 453,419 $ 340,503 [1] It is the Corporation’s policy to report delinquent residential mortgage loans insured by Federal Housing Administration (“FHA”) or guaranteed by the U.S. Department of Veterans Affairs (“VA”) as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured. The balance of these loans includes $ 9 million at September 30, 2022 related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below. Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to repurchases option are required to be reflected (rebooked) on the financial statements of BPPR with an offsetting liability. These balances include $ 198 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of September 30, 2022. Furthermore, the Corporation has approximately $ 42 million in reverse mortgage loans which are guaranteed by FHA, but which are currently not accruing interest. Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets. [2] Loans held-in-portfolio are net of $ 283 million in unearned income and exclude $ 8 million in loans held-for-sale. [3] Includes $ 7.2 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 3.0 billion were pledged at the Federal Home Loan Bank ("FHLB") as collateral for borrowings and $ 1.9 billion at the Federal Reserve Bank ("FRB") for discount window borrowings and $ 2.3 billion serve as collateral for public funds. December 31, 2021 Puerto Rico Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 314 $ - $ 272 $ 586 $ 154,183 $ 154,769 $ 272 $ - Commercial real estate: Non-owner occupied 2,399 136 20,716 23,251 2,266,672 2,289,923 20,716 - Owner occupied 3,329 278 54,335 57,942 1,365,787 1,423,729 54,335 - Commercial and industrial 3,438 1,727 45,242 50,407 3,478,041 3,528,448 44,724 518 Construction - - 485 485 86,626 87,111 485 - Mortgage 217,830 81,754 805,245 1,104,829 5,147,037 6,251,866 333,887 471,358 Leasing 9,240 2,037 3,102 14,379 1,366,940 1,381,319 3,102 - Consumer: Credit cards 5,768 3,520 8,577 17,865 901,986 919,851 - 8,577 Home equity lines of credit 46 - 23 69 3,502 3,571 - 23 Personal 10,027 6,072 21,235 37,334 1,250,726 1,288,060 21,235 - Auto 59,128 15,019 23,085 97,232 3,314,955 3,412,187 23,085 - Other 432 714 12,621 13,767 110,781 124,548 12,448 173 Total $ 311,951 $ 111,257 $ 994,938 $ 1,418,146 $ 19,447,236 $ 20,865,382 $ 514,289 $ 480,649 December 31, 2021 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 3,826 $ - $ - $ 3,826 $ 1,804,035 $ 1,807,861 $ - $ - Commercial real estate: Non-owner occupied 5,721 683 622 7,026 2,316,441 2,323,467 622 - Owner occupied 1,095 - 1,013 2,108 392,265 394,373 1,013 - Commercial and industrial 9,410 2,680 4,015 16,105 1,794,026 1,810,131 3,897 118 Construction - - - - 629,109 629,109 - - Mortgage 11,711 2,573 21,969 36,253 1,139,077 1,175,330 21,969 - Consumer: Credit cards - - - - 10 10 - - Home equity lines of credit 71 34 5,406 5,511 69,780 75,291 5,406 - Personal 863 574 681 2,118 152,827 154,945 681 - Other - - - - 4,658 4,658 - - Total $ 32,697 $ 6,544 $ 33,706 $ 72,947 $ 8,302,228 $ 8,375,175 $ 33,588 $ 118 December 31, 2021 Popular, Inc. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP [2] [3] loans loans Commercial multi-family $ 4,140 $ - $ 272 $ 4,412 $ 1,958,218 $ 1,962,630 $ 272 $ - Commercial real estate: Non-owner occupied 8,120 819 21,338 30,277 4,583,113 4,613,390 21,338 - Owner occupied 4,424 278 55,348 60,050 1,758,052 1,818,102 55,348 - Commercial and industrial 12,848 4,407 49,257 66,512 5,272,067 5,338,579 48,621 636 Construction - - 485 485 715,735 716,220 485 - Mortgage [1] 229,541 84,327 827,214 1,141,082 6,286,114 7,427,196 355,856 471,358 Leasing 9,240 2,037 3,102 14,379 1,366,940 1,381,319 3,102 - Consumer: Credit cards 5,768 3,520 8,577 17,865 901,996 919,861 - 8,577 Home equity lines of credit 117 34 5,429 5,580 73,282 78,862 5,406 23 Personal 10,890 6,646 21,916 39,452 1,403,553 1,443,005 21,916 - Auto 59,128 15,019 23,085 97,232 3,314,955 3,412,187 23,085 - Other 432 714 12,621 13,767 115,439 129,206 12,448 173 Total $ 344,648 $ 117,801 $ 1,028,644 $ 1,491,093 $ 27,749,464 $ 29,240,557 $ 547,877 $ 480,767 [1] It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or guaranteed by the VA as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured. The balance of these loans includes $ 13 million at December 31, 2021 related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below. Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to repurchases option are required to be reflected (rebooked) on the financial statements of BPPR with an offsetting liability. These balances include $ 304 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of December 31, 2021. Furthermore, the Corporation has approximately $ 50 million in reverse mortgage loans which are guaranteed by FHA, but which are currently not accruing interest. Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets. [2] Loans held-in-portfolio are net of $ 266 million in unearned income and exclude $ 59 million in loans held-for-sale. [3] Includes $ 6.6 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 3.2 billion were pledged at the FHLB as collateral for borrowings and $ 1.7 billion at the FRB for discount window borrowings and $ 1.7 billion serve as collateral for public funds. Recognition of interest income on mortgage loans is generally discontinued when loans are 90 days or more in arrears on payments of principal or interest. The Corporation discontinues the recognition of interest income on residential mortgage loans insured by the FHA or guaranteed by VA when 15 months delinquent as to principal or interest, since the principal repayment on these loans is insured. At September 30, 2022, mortgage loans held-in-portfolio include $ 1.9 billion (December 31, 2021 - $ 1.9 billion) of loans insured by the FHA, or guaranteed by the VA of which $ 0.3 billion (December 31, 2021 - $ 0.5 billion) are 90 days or more past due. These balances include $ 725 million in loans modified under a TDR (December 31, 2021 - $ 716 million), that are presented as accruing loans. The portfolio of guaranteed loans includes $ 198 million of residential mortgage loans in Puerto Rico that are no longer accruing interest as of September 30, 2022 (December 31, 2021 - $ 304 million). The Corporation has approximately $ 42 million in reverse mortgage loans in Puerto Rico which are guaranteed by FHA, but which are currently not accruing interest at September 30, 2022 (December 31, 2021 - $ 50 million). Loans with a delinquency status of 90 days past due as of September 30, 2022 include $ 9 million in loans previously pooled into GNMA securities (December 31, 2021 - $ 13 million). Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to the repurchase option are required to be reflected on the financial statements of BPPR with an offsetting liability. Loans in our serviced GNMA portfolio benefit from payment forbearance programs but continue to reflect the contractual delinquency until the borrower repays deferred payments or completes a payment deferral modification or other borrower assistance alternative. The following tables present the amortized cost basis of non-accrual loans as of September 30, 2022 and December 31, 2021 by class of loans: September 30, 2022 Puerto Rico Popular U.S. Popular, Inc. (In thousands) Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Commercial multi-family $ - $ 251 $ - $ - $ - $ 251 Commercial real estate non-owner occupied 16,931 4,512 - 10,631 16,931 15,143 Commercial real estate owner occupied 11,247 17,132 - 606 11,247 17,738 Commercial and industrial 22,844 14,531 - 5,191 22,844 19,722 Mortgage 132,300 120,473 - 21,533 132,300 142,006 Leasing 218 5,479 - - 218 5,479 Consumer: HELOCs - - - 3,970 - 3,970 Personal 5,560 12,557 - 1,261 5,560 13,818 Auto 1,067 33,365 - - 1,067 33,365 Other 263 11,485 - 12 263 11,497 Total $ 190,430 $ 219,785 $ - $ 43,204 $ 190,430 $ 262,989 December 31, 2021 Puerto Rico Popular U.S. Popular, Inc. (In thousands) Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Commercial multi-family $ - $ 272 $ - $ - $ - $ 272 Commercial real estate non-owner occupied 15,819 4,897 - 622 15,819 5,519 Commercial real estate owner occupied 13,491 40,844 - 1,013 13,491 41,857 Commercial and industrial 30,177 14,547 - 3,897 30,177 18,444 Construction - 485 - - - 485 Mortgage 169,827 164,060 29 21,940 169,856 186,000 Leasing 276 2,826 - - 276 2,826 Consumer: HELOCs - - - 5,406 - 5,406 Personal 6,279 14,956 81 600 6,360 15,556 Auto 879 22,206 - - 879 22,206 Other - 12,448 - - - 12,448 Total $ 236,748 $ 277,541 $ 110 $ 33,478 $ 236,858 $ 311,019 Loans in non-accrual status with no allowance at September 30, 2022 include $ 190 million in collateral dependent loans (December 31, 2021 - $ 237 million). The Corporation recognized $ 3 million in interest income on non-accrual loans during the nine months ended September 30, 2022 (September 30, 2021 - $ 4 million). The Corporation has designated loans classified as collateral dependent for which the ACL is measured based on the fair value of the collateral less cost to sell, when foreclosure is probable or when the repayment is expected to be provided substantially by the sale or operation of the collateral and the borrower is experiencing financial difficulty. The fair value of the collateral is based on appraisals, which may be adjusted due to their age, and the type, location, and condition of the property or area or general market conditions to reflect the expected change in value between the effective date of the appraisal and the measurement date. Appraisals are updated every one to two years depending on the type of loan and the total exposure of the borrower. The following tables present the amortized cost basis of collateral-dependent loans, for which the ACL was measured based on the fair value of the collateral less cost to sell, by class of loans and type of collateral as of September 30, 2022 and December 31, 2021: September 30, 2022 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total Puerto Rico Commercial multi-family $ 1,342 $ - $ - $ - $ - $ 1,342 Commercial real estate: Non-owner occupied 204,407 - - - - 204,407 Owner occupied 21,571 - - - - 21,571 Commercial and industrial 1,425 - 32 9,777 23,811 35,045 Mortgage 142,473 - - - - 142,473 Leasing - 814 3 - - 817 Consumer: Personal 5,642 - - - - 5,642 Auto - 9,280 - - - 9,280 Other - - - - 263 263 Total Puerto Rico $ 376,860 $ 10,094 $ 35 $ 9,777 $ 24,074 $ 420,840 Popular U.S. Commercial real estate: Non-owner occupied 10,631 - - - - 10,631 Mortgage $ 853 $ - $ - $ - $ - $ 853 Total Popular U.S. $ 11,484 $ - $ - $ - $ - $ 11,484 Popular, Inc. Commercial multi-family $ 1,342 $ - $ - $ - $ - $ 1,342 Commercial real estate: Non-owner occupied 215,038 - - - - 215,038 Owner occupied 21,571 - - - - 21,571 Commercial and industrial 1,425 - 32 9,777 23,811 35,045 Mortgage 143,326 - - - - 143,326 Leasing - 814 3 - - 817 Consumer: Personal 5,642 - - - - 5,642 Auto - 9,280 - - - 9,280 Other - - - - 263 263 Total Popular, Inc. $ 388,344 $ 10,094 $ 35 $ 9,777 $ 24,074 $ 432,324 December 31, 2021 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total Puerto Rico Commercial multi-family $ 1,374 $ - $ - $ - $ - $ 1,374 Commercial real estate: Non-owner occupied 211,026 - - - - 211,026 Owner occupied 47,268 - - - - 47,268 Commercial and industrial 2,650 - 680 10,675 27,893 41,898 Mortgage 179,774 - - - - 179,774 Leasing - 574 - - - 574 Consumer: Personal 6,165 - - - - 6,165 Auto - 8,983 - - - 8,983 Total Puerto Rico $ 448,257 $ 9,557 $ 680 $ 10,675 $ 27,893 $ 497,062 Popular U.S. Mortgage $ 926 $ - $ - $ - $ - $ 926 Total Popular U.S. $ 926 $ - $ - $ - $ - $ 926 Popular, Inc. Commercial multi-family $ 1,374 $ - $ - $ - $ - $ 1,374 Commercial real estate: Non-owner occupied 211,026 - - - - 211,026 Owner occupied 47,268 - - - - 47,268 Commercial and industrial 2,650 - 680 10,675 27,893 41,898 Mortgage 180,700 - - - - 180,700 Leasing - 574 - - - 574 Consumer: Personal 6,165 - - - - 6,165 Auto - 8,983 - - - 8,983 Total Popular, Inc. $ 449,183 $ 9,557 $ 680 $ 10,675 $ 27,893 $ 497,988 Purchased Credit Deteriorated (PCD) Loans The Corporation has purchased loans during the quarter and nine months ended September 30, 2022 and 2021 , for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loans is as follows: (In thousands) For the quarter ended September 30, 2022 For the nine months ended September 30, 2022 Purchase price of loans at acquisition $ 247 $ 2,840 Allowance for credit losses at acquisition 59 841 Non-credit discount / (premium) at acquisition 6 131 Par value of acquired loans at acquisition $ 312 $ 3,812 (In thousands) For the quarter ended September 30, 2021 For the nine months ended September 30, 2021 Purchase price of loans at acquisition $ 1,060 $ 10,044 Allowance for credit losses at acquisition 253 2,811 Non-credit discount / (premium) at acquisition 54 389 Par value of acquired loans at acquisition $ 1,367 $ 13,244

Allowance for credit losses - l

Allowance for credit losses - loans held-in-portfolio	9 Months Ended
	Sep. 30, 2022
Allowance for credit losses [Abstract]
Allowance for credit losses	Note 9 – Allowance for credit losses – loans held-in-portfolio The Corporation follows the current expected credit loss (“CECL”) model, to establish and evaluate the adequacy of the allowance for credit losses (“ACL”) to provide for expected losses in the loan portfolio. This model establishes a forward-looking methodology that reflects the expected credit losses over the lives of financial assets, starting when such assets are first acquired or originated. In addition, CECL provides that the initial ACL on purchased credit deteriorated (“PCD”) financial assets be recorded as an increase to the purchase price, with subsequent changes to the allowance recorded as a credit loss expense. The provision for credit losses recorded in current operations is based on this methodology. Loan losses are charged and recoveries are credited to the ACL. At September 30, 2022, the Corporation estimated the ACL by weighting the outputs of optimistic, baseline, and pessimistic scenarios. Among the three scenarios used to estimate the ACL, the baseline is assigned the highest probability, followed by the pessimistic scenario given the uncertainties in the economic outlook and downside risk. The weightings applied are subject to evaluation on a quarterly basis as part of the ACL’s governance process. The Corporation evaluates, at least on an annual basis, the assumptions tied to the CECL accounting framework. These include the reasonable and supportable period as well as the reversion window. During the third quarter of 2022, as part of its evaluation procedures, the Corporation decided to extend the reversion window from 1 year to 3 years. The extension in the reversion period results in a better representation of historical movements for key macroeconomic variables that impact the ACL. This change in assumptions contributed to a reduction of $ 11 million in the ACL. The reasonable and supportable period assumptions remained unchanged. The baseline scenario assumes an annualized 2022 GDP growth of 3.1% and 1.6% for Puerto Rico and United States, respectively, compared to 2.8% for both regions in the previous quarter. The improvement in P.R.’s GDP was mainly due to updated fiscal assumptions, which include the potential impact of the Inflation Reduction Act. As for the U.S., the reduction in GDP growth was driven by updated data for the second quarter of 2022, which reflected two consecutive quarters of GDP decline. 2023 annualized GDP growth for P.R. and U.S. of 2.2% and 1.5%, respectively, compared to 2.7% for both regions in the previous quarter. The reduction in 2023 is in part due to tight monetary policy, weaker job growth and persistent inflation. The 2022 average unemployment rate remained largely consistent with the forecast for the immediately preceding quarter, forecasted at 6.6% and 3.6% for Puerto Rico and United States, respectively, compared to 6.9% and 3.5%, respectively, in the previous forecast. For 2023 the forecasted average unemployment rate for P.R. and U.S. is 7.8% and 3.9%, slightly higher than previous quarter’s 7.6% and 3.4% for P.R. and U.S., respectively. The following tables present the changes in the ACL of loans held-in-portfolio and unfunded commitments for the quarters and nine months ended September 30, 2022 and 2021. For the quarter ended September 30, 2022 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 153,547 $ 3,074 $ 130,030 $ 19,037 $ 274,889 $ 580,577 Provision for credit losses (benefit) 7,078 1,181 ( 11,648) 2,115 29,968 28,694 Initial allowance for credit losses - PCD Loans - - 59 - - 59 Charge-offs ( 4,818) - ( 1,720) ( 2,191) ( 28,480) ( 37,209) Recoveries 5,968 - 3,885 853 8,107 18,813 Ending balance $ 161,775 $ 4,255 $ 120,606 $ 19,814 $ 284,484 $ 590,934 Allowance for credit losses - unfunded commitments: Beginning balance $ 2,032 $ 1,534 $ - $ - $ - $ 3,566 Provision for credit losses (benefit) 868 349 - - - 1,217 Ending balance - unfunded commitments [1] $ 2,900 $ 1,883 $ - $ - $ - $ 4,783 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended September 30, 2022 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 56,083 $ 3,839 $ 18,275 $ 22,976 $ 101,173 Provision for credit losses (benefit) 11,488 ( 1,895) ( 370) 1,602 10,825 Charge-offs ( 720) - - ( 1,623) ( 2,343) Recoveries 1,231 - 23 1,253 2,507 Ending balance $ 68,082 $ 1,944 $ 17,928 $ 24,208 $ 112,162 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,317 $ 1,961 $ - $ 60 $ 3,338 Provision for credit losses (benefit) ( 201) ( 650) - 37 ( 814) Ending balance - unfunded commitments [1] $ 1,116 $ 1,311 $ - $ 97 $ 2,524 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended September 30, 2022 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 209,630 $ 6,913 $ 148,305 $ 19,037 $ 297,865 $ 681,750 Provision for credit losses (benefit) 18,566 ( 714) ( 12,018) 2,115 31,570 39,519 Initial allowance for credit losses - PCD Loans - - 59 - - 59 Charge-offs ( 5,538) - ( 1,720) ( 2,191) ( 30,103) ( 39,552) Recoveries 7,199 - 3,908 853 9,360 21,320 Ending balance $ 229,857 $ 6,199 $ 138,534 $ 19,814 $ 308,692 $ 703,096 Allowance for credit losses - unfunded commitments: Beginning balance $ 3,349 $ 3,495 $ - $ - $ 60 $ 6,904 Provision for credit losses (benefit) 667 ( 301) - - 37 403 Ending balance - unfunded commitments [1] $ 4,016 $ 3,194 $ - $ - $ 97 $ 7,307 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2022 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 151,928 $ 1,641 $ 138,286 $ 17,578 $ 284,729 $ 594,162 Provision for credit losses (benefit) 1,055 1,803 ( 28,129) 3,807 46,625 25,161 Initial allowance for credit losses - PCD Loans - - 841 - - 841 Charge-offs ( 6,667) - ( 4,408) ( 4,094) ( 72,324) ( 87,493) Recoveries 15,459 811 14,016 2,523 25,454 58,263 Ending balance - loans $ 161,775 $ 4,255 $ 120,606 $ 19,814 $ 284,484 $ 590,934 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,751 $ 2,388 $ - $ - $ - $ 4,139 Provision for credit losses (benefit) 1,149 ( 505) - - - 644 Ending balance - unfunded commitments [1] $ 2,900 $ 1,883 $ - $ - $ - $ 4,783 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2022 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 63,877 $ 4,722 $ 16,192 $ 16,413 $ 101,204 Provision for credit losses (benefit) 3,204 ( 3,910) 1,756 8,764 9,814 Charge-offs ( 1,244) - ( 68) ( 4,256) ( 5,568) Recoveries 2,245 1,132 48 3,287 6,712 Ending balance - loans $ 68,082 $ 1,944 $ 17,928 $ 24,208 $ 112,162 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,384 $ 2,337 $ - $ 37 $ 3,758 Provision for credit losses (benefit) ( 268) ( 1,026) - 60 ( 1,234) Ending balance - unfunded commitments [1] $ 1,116 $ 1,311 $ - $ 97 $ 2,524 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2022 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 215,805 $ 6,363 $ 154,478 $ 17,578 $ 301,142 $ 695,366 Provision for credit losses (benefit) 4,259 ( 2,107) ( 26,373) 3,807 55,389 34,975 Initial allowance for credit losses - PCD Loans - - 841 - - 841 Charge-offs ( 7,911) - ( 4,476) ( 4,094) ( 76,580) ( 93,061) Recoveries 17,704 1,943 14,064 2,523 28,741 64,975 Ending balance - loans $ 229,857 $ 6,199 $ 138,534 $ 19,814 $ 308,692 $ 703,096 Allowance for credit losses - unfunded commitments: Beginning balance $ 3,135 $ 4,725 $ - $ - $ 37 $ 7,897 Provision for credit losses (benefit) 881 ( 1,531) - - 60 ( 590) Ending balance - unfunded commitments [1] $ 4,016 $ 3,194 $ - $ - $ 97 $ 7,307 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended September 30, 2021 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 186,784 $ 1,220 $ 166,808 $ 17,551 $ 289,490 $ 661,853 Provision for credit losses (benefit) ( 13,923) ( 1,532) ( 14,110) ( 5,613) ( 814) ( 35,992) Initial allowance for credit losses - PCD Loans - - 253 - - 253 Charge-offs ( 9,481) ( 1) ( 1,157) ( 1,054) ( 18,211) ( 29,904) Recoveries 5,124 2,224 3,268 750 9,202 20,568 Ending balance $ 168,504 $ 1,911 $ 155,062 $ 11,634 $ 279,667 $ 616,778 Allowance for credit losses - unfunded commitments: Beginning balance $ 3,252 $ 1,405 $ - $ - $ - $ 4,657 Provision for credit losses ( 915) 663 - - - ( 252) Ending balance - unfunded commitments [1] $ 2,337 $ 2,068 $ - $ - $ - $ 4,405 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended September 30, 2021 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 84,360 $ 10,036 $ 15,811 $ 13,730 $ 123,937 Provision for credit losses (benefit) ( 18,513) ( 2,097) ( 543) ( 1,500) ( 22,653) Charge-offs ( 24) - ( 2) ( 1,637) ( 1,663) Recoveries 487 - 50 1,639 2,176 Ending balance - loans $ 66,310 $ 7,939 $ 15,316 $ 12,232 $ 101,797 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,559 $ 3,672 $ - $ 48 $ 5,279 Provision for credit losses ( 405) ( 866) - ( 13) ( 1,284) Ending balance - unfunded commitments [1] $ 1,154 $ 2,806 $ - $ 35 $ 3,995 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statement of Financial Condition. For the quarter ended September 30, 2021 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 271,144 $ 11,256 $ 182,619 $ 17,551 $ 303,220 $ 785,790 Provision for credit losses (benefit) ( 32,436) ( 3,629) ( 14,653) ( 5,613) ( 2,314) ( 58,645) Initial allowance for credit losses - PCD Loans - - 253 - - 253 Charge-offs ( 9,505) ( 1) ( 1,159) ( 1,054) ( 19,848) ( 31,567) Recoveries 5,611 2,224 3,318 750 10,841 22,744 Ending balance $ 234,814 $ 9,850 $ 170,378 $ 11,634 $ 291,899 $ 718,575 Allowance for credit losses - loans: Beginning balance $ 4,811 $ 5,077 $ - $ - $ 48 $ 9,936 Provision for credit losses ( 1,320) ( 203) - - ( 13) ( 1,536) Ending balance - unfunded commitments [1] $ 3,491 $ 4,874 $ - $ - $ 35 $ 8,400 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2021 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 225,323 $ 4,871 $ 195,557 $ 16,863 $ 297,136 $ 739,750 Provision for credit losses (benefit) ( 63,773) 255 ( 36,179) ( 4,414) 5,655 ( 98,456) Initial allowance for credit losses - PCD Loans - - 2,811 - - 2,811 Charge-offs ( 14,399) ( 6,620) ( 16,585) ( 3,247) ( 59,606) ( 100,457) Recoveries 21,353 3,405 9,458 2,432 36,482 73,130 Ending balance - loans $ 168,504 $ 1,911 $ 155,062 $ 11,634 $ 279,667 $ 616,778 Allowance for credit losses - unfunded commitments: Beginning balance $ 4,913 $ 4,610 $ - $ - $ - $ 9,523 Provision for credit losses (benefit) ( 2,576) ( 2,542) - - - ( 5,118) Ending balance - unfunded commitments [1] $ 2,337 $ 2,068 $ - $ - $ - $ 4,405 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2021 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 108,057 $ 9,366 $ 20,159 $ 18,918 $ 156,500 Provision for credit losses (benefit) ( 42,607) ( 1,334) ( 5,394) ( 4,133) ( 53,468) Charge-offs ( 1,097) ( 523) ( 3) ( 7,267) ( 8,890) Recoveries 1,957 430 554 4,714 7,655 Ending balance - loans $ 66,310 $ 7,939 $ 15,316 $ 12,232 $ 101,797 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,753 $ 4,469 $ - $ 106 $ 6,328 Provision for credit losses (benefit) ( 599) ( 1,663) - ( 71) ( 2,333) Ending balance - unfunded commitments [1] $ 1,154 $ 2,806 $ - $ 35 $ 3,995 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2021 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 333,380 $ 14,237 $ 215,716 $ 16,863 $ 316,054 $ 896,250 Provision for credit losses (benefit) ( 106,380) ( 1,079) ( 41,573) ( 4,414) 1,522 ( 151,924) Initial allowance for credit losses - PCD Loans - - 2,811 - - 2,811 Charge-offs ( 15,496) ( 7,143) ( 16,588) ( 3,247) ( 66,873) ( 109,347) Recoveries 23,310 3,835 10,012 2,432 41,196 80,785 Ending balance - loans $ 234,814 $ 9,850 $ 170,378 $ 11,634 $ 291,899 $ 718,575 Allowance for credit losses - unfunded commitments: Beginning balance $ 6,666 $ 9,079 $ - $ - $ 106 $ 15,851 Provision for credit losses (benefit) ( 3,175) ( 4,205) - - ( 71) ( 7,451) Ending balance - unfunded commitments [1] $ 3,491 $ 4,874 $ - $ - $ 35 $ 8,400 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. Modifications A modification of a loan constitutes a troubled debt restructuring when a borrower is experiencing financial difficulty and the modification constitutes a concession. For a summary of the accounting policy related to TDRs, refer to the Summary of Significant Accounting Policies included in Note 2 to the 2021 Form 10-K. The outstanding balance of loans classified as TDRs amounted to $ 1.6 billion at September 30, 2022 (December 31, 2021 - $ 1.7 billion). The amount of outstanding commitments to lend additional funds to debtors owing loans whose terms have been modified in TDRs amounted to $ 9 million related to the commercial loan portfolio at September 30, 2022 (December 31, 2021 - $ 9 million). The following table presents the outstanding balance of loans classified as TDRs according to their accruing status and the related allowance at September 30, 2022 and December 31, 2021. September 30, 2022 December 31, 2021 (In thousands) Accruing Non-Accruing Total Related Allowance Accruing Non-Accruing Total Related Allowance Loans held-in-portfolio: Commercial $ 266,036 $ 58,516 $ 324,552 $ 18,932 $ 261,344 $ 64,744 $ 326,088 $ 24,736 Mortgage [1] 1,167,237 85,764 1,253,001 59,995 1,143,204 112,509 1,255,713 61,888 Leasing 126 36 162 26 325 47 372 42 Consumer 55,149 7,776 62,925 13,877 64,093 10,556 74,649 16,124 Loans held-in-portfolio $ 1,488,548 $ 152,092 $ 1,640,640 $ 92,830 $ 1,468,966 $ 187,856 $ 1,656,822 $ 102,790 [1] At September 30, 2022, accruing mortgage loan TDRs include $ 725 million guaranteed by U.S. sponsored entities at BPPR, compared to $ 716 million at December 31, 2021. The following tables present the loan count by type of modification for those loans modified in a TDR during the quarters and nine months ended September 30, 2022 and 2021. Loans modified as TDRs for the U.S. operations are considered insignificant to the Corporation. Popular, Inc. For the quarter ended September 30, 2022 For the nine months ended September 30, 2022 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial real estate non-owner occupied - - 2 - - 1 2 2 Commercial real estate owner occupied 1 3 - 2 2 9 1 2 Commercial and industrial - 3 - - 3 8 1 11 Mortgage 2 63 210 2 6 128 715 3 Leasing - - - - - - 1 - Consumer: Credit cards 7 - - 10 31 - - 32 Personal 28 4 1 - 82 60 1 1 Auto - - - - - 1 - - Total 38 73 213 14 124 207 721 51 Popular, Inc. For the quarter ended September 30, 2021 For the nine months ended September 30, 2021 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial multi-family - - - - - 1 1 - Commercial real estate non-owner occupied - - 1 - - 9 1 - Commercial real estate owner occupied - - - 4 3 23 3 6 Commercial and industrial 1 2 - 8 2 10 - 14 Mortgage 13 35 455 4 35 114 1,273 4 Leasing - - 1 - - - 2 - Consumer: Credit cards 19 - - 12 108 - 1 39 HELOCs - - - - - 1 1 - Personal 28 31 - - 148 94 1 2 Auto - 3 1 - - 5 3 - Other - - - 1 6 - - 1 Total 61 71 458 29 302 257 1,286 66 The following tables present by class, quantitative information related to loans modified as TDRs during the quarters and nine months ended September 30, 2022 and 2021. Popular, Inc. For the quarter ended September 30, 2022 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for loan losses as a result of modification Commercial real estate non-owner occupied 2 $ 1,327 $ 1,326 $ 10 Commercial real estate owner occupied 6 2,488 2,471 ( 47) Commercial and industrial 3 123 117 7 Mortgage 277 28,990 30,192 1,032 Consumer: Credit cards 17 157 154 1 Personal 33 542 539 146 Total 338 $ 33,627 $ 34,799 $ 1,149 Popular, Inc. For the quarter ended September 30, 2021 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for loan losses as a result of modification Commercial real estate non-owner occupied 1 $ 166 $ 173 $ 21 Commercial real estate owner occupied 4 10,878 6,812 10 Commercial and industrial 11 4,750 4,236 642 Mortgage 507 67,293 60,601 1,889 Leasing 1 8 6 1 Consumer: Credit cards 31 265 263 4 Personal 59 756 753 122 Auto 4 107 107 44 Other 1 293 291 122 Total 619 $ 84,516 $ 73,242 $ 2,855 Popular, Inc. For the nine months ended September 30, 2022 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for credit losses as a result of modification Commercial real estate non-owner occupied 5 $ 4,779 $ 4,777 $ 15 Commercial real estate owner occupied 14 15,594 15,567 ( 2,120) Commercial and industrial 23 49,625 49,425 2,067 Mortgage 852 93,773 96,918 3,143 Leasing 1 14 12 2 Consumer: Credit cards 63 567 599 8 Personal 144 2,223 2,297 411 Auto 1 28 28 5 Total 1,103 $ 166,603 $ 169,623 $ 3,531 Popular, Inc. For the nine months ended September 30, 2021 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for credit losses as a result of modification Commercial multi-family 2 $ 246 $ 211 $ 26 Commercial real estate non-owner occupied 10 3,461 3,454 162 Commercial real estate owner occupied 35 91,678 86,768 1,146 Commercial and industrial 26 5,463 4,943 707 Mortgage 1,426 173,041 171,852 5,040 Leasing 2 40 38 5 Consumer: Credit cards 148 1,819 1,745 38 HELOCs 2 176 228 54 Personal 245 3,438 3,434 754 Auto 8 171 176 59 Other 7 304 302 124 Total 1,911 $ 279,837 $ 273,151 $ 8,115 During the nine months ended September 30, 2022, three loans with an aggregate unpaid principal balance of $ 2.7 million were restructured into multiple notes (“Note A / B split”) , compared to five loans with an aggregate unpaid principal balance of $ 10.2 million during the nine months ended September 30, 2021. charge-offs were recorded as part of Note A / B splits during 2022 and 2021. The recorded investment on these commercial TDRs amounted to approximately $ 2.7 million at September 30, 2022, compared to $ 10.2 million at September 30, 2021. These loans were restructured after analyzing the borrowers’ capacity to repay the debt, collateral and ability to perform under the modified terms. The following tables present, by class, TDRs that were subject to payment default and that had been modified as a TDR during the twelve months preceding the default date. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification date. Loans modified as a TDR that were fully paid down, charged-off or foreclosed upon by period end are not reported. Popular, Inc. Defaulted during the quarter ended Defaulted during the nine months ended (Dollars in thousands) Loan count Recorded investment as of first default date Loan count Recorded investment as of first default date Commercial real estate owner occupied 1 $ 560 1 $ 560 Commercial and industrial 2 1,165 5 3,661 Mortgage 35 3,500 73 9,200 Leasing 1 5 1 5 Consumer: Credit cards 4 32 24 185 Personal 15 160 34 558 Total 58 $ 5,422 138 $ 14,169 Popular, Inc. Defaulted during the quarter ended Defaulted during the nine months ended (Dollars in thousands) Loan count Recorded investment as of first default date Loan count Recorded investment as of first default date Commercial real estate non-owner occupied - $ - 4 $ 8,421 Commercial real estate owner occupied 1 383 3 4,138 Commercial and industrial - - 5 317 Mortgage 25 2,503 72 7,514 Consumer: Credit cards 17 202 74 914 Personal 13 158 21 603 Total 56 $ 3,246 179 $ 21,907 Commercial, consumer and mortgage loans modified in a TDR are closely monitored for delinquency as an early indicator of possible future default. If loans modified in a TDR subsequently default, the ACL may be increased or partial charge-offs may be taken to further write-down the carrying value of the loan. Credit Quality The risk rating system provides for the assignment of ratings at the obligor level based on the financial condition of the borrower. The risk rating analysis process is performed at least once a year or more frequently if events or conditions change which may deteriorate the credit quality. In the case of consumer and mortgage loans, these loans are classified considering their delinquency status at the end of the reporting period. The following tables present the amortized cost basis, net of unearned income, of loans held-in-portfolio based on the Corporation’s assignment of obligor risk ratings as defined at September 30, 2022 and December 31, 2021 by vintage year. For the definitions of the obligor risk ratings, refer to the Credit Quality section of Note 9 to the Consolidated Financial Statements included in the Corporation’s Form 10-K for the year ended December 31, 2021. September 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Puerto Rico Commercial: Commercial multi-family Watch $ - $ - $ - $ - $ - $ 2,473 $ - $ - $ 2,473 Special mention - - - - - 2,140 - - 2,140 Substandard - - - 980 - 6,079 100 - 7,159 Pass 131,886 23,229 20,902 33,921 24,811 30,797 - - 265,546 Total commercial multi-family $ 131,886 $ 23,229 $ 20,902 $ 34,901 $ 24,811 $ 41,489 $ 100 $ - $ 277,318 Commercial real estate non-owner occupied Watch $ 176 $ 25,806 $ 14,086 $ 15,011 $ 7,966 $ 84,684 $ - $ - $ 147,729 Special Mention - 29,504 20,439 8,115 - 19,518 - - 77,576 Substandard 12,368 203 - 18,891 25,754 64,026 - - 121,242 Pass 884,261 586,270 300,119 94,676 35,767 583,781 14,619 - 2,499,493 Total commercial real estate non-owner occupied $ 896,805 $ 641,783 $ 334,644 $ 136,693 $ 69,487 $ 752,009 $ 14,619 $ - $ 2,846,040 Commercial real estate owner occupied Watch $ 2,400 $ 7,314 $ 6,754 $ 5,448 $ 798 $ 94,104 $ 199 $ - $ 117,017 Special Mention 11 289 1,273 6,624 1,341 72,357 - - 81,895 Substandard 15,720 4,690 1,293 1,136 42,248 89,144 - - 154,231 Doubtful - - - - - 239 - - 239 Pass 147,863 267,014 290,880 47,095 58,154 407,018 16,731 - 1,234,755 Total commercial real estate owner occupied $ 165,994 $ 279,307 $ 300,200 $ 60,303 $ 102,541 $ 662,862 $ 16,930 $ - $ 1,588,137 Commercial and industrial Watch $ 23,095 $ 62,764 $ 21,348 $ 21,929 $ 25,020 $ 54,058 $ 65,716 $ - $ 273,930 Special Mention 5,575 2,524 984 1,199 24,599 47,934 10,422 - 93,237 Substandard 20,362 352 1,714 3,346 13,613 41,563 45,856 - 126,806 Loss - - - - - - 4 - 4 Pass 564,875 673,459 143,943 189,658 113,625 306,555 1,107,996 - 3,100,111 Total commercial and industrial $ 613,907 $ 739,099 $ 167,989 $ 216,132 $ 176,857 $ 450,110 $ 1,229,994 $ - $ 3,594,088 Construction Watch $ 35,748 $ 3,047 $ 10,627 $ - $ - $ - $ 13,252 $ - $ 62,674 Special Mention 858 - - - - - - - 858 Pass 8,769 41,895 68,566 2,223 - - 26,582 - 148,035 Total construction $ 45,375 $ 44,942 $ 79,193 $ 2,223 $ - $ - $ 39,834 $ - $ 211,567 Mortgage Substandard $ - $ - $ 1,070 $ 4,409 $ 4,940 $ 96,176 $ - $ - $ 106,595 Pass 286,023 459,232 289,846 207,850 240,900 4,465,397 - - 5,949,248 Total mortgage $ 286,023 $ 459,232 $ 290,916 $ 212,259 $ 245,840 $ 4,561,573 $ - $ - $ 6,055,843 Leasing Substandard $ 556 $ 1,394 $ 1,090 $ 1,296 $ 760 $ 600 $ - $ - $ 5,696 Pass 534,225 457,662 259,076 163,179 91,252 27,414 - - 1,532,808 Total leasing $ 534,781 $ 459,056 $ 260,166 $ 164,475 $ 92,012 $ 28,014 $ - $ - $ 1,538,504 September 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Puerto Rico Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 10,359 $ - $ 10,359 Loss - - - - - - 1 - 1 Pass - - - - - - 978,156 - 978,156 Total credit cards $ - $ - $ - $ - $ - $ - $ 988,516 $ - $ 988,516 HELOCs Pass - - - - - - 2,957 - 2,957 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,957 $ - $ 2,957 Personal Substandard $ 490 $ 1,898 $ 626 $ 2,234 $ 652 $ 11,378 $ - $ 1,320 $ 18,598 Loss - 111 14 15 - 24 - 1 165 Pass 664,517 369,894 119,562 137,584 55,757 122,396 - 29,483 1,499,193 Total Personal $ 665,007 $ 371,903 $ 120,202 $ 139,833 $ 56,409 $ 133,798 $ - $ 30,804 $ 1,517,956 Auto Substandard $ 2,908 $ 9,394 $ 9,861 $ 9,568 $ 5,039 $ 2,669 $ - $ - $ 39,439 Loss 15 30 - - 27 39 - - 111 Pass 937,173 1,029,958 641,076 474,675 288,185 118,287 - - 3,489,354 Total Auto $ 940,096 $ 1,039,382 $ 650,937 $ 484,243 $ 293,251 $ 120,995 $ - $ - $ 3,528,904 Other consumer Substandard $ - $ - $ 104 $ - $ 559 $ 4 $ 11,045 $ - $ 11,712 Loss - - - - 263 - - - 263 Pass 26,497 19,555 7,129 7,085 4,715 3,259 58,236 - 126,476 Total Other consumer $ 26,497 $ 19,555 $ 7,233 $ 7,085 $ 5,537 $ 3,263 $ 69,281 $ - $ 138,451 Total Puerto Rico $ 4,306,371 $ 4,077,488 $ 2,232,382 $ 1,458,147 $ 1,066,745 $ 6,754,113 $ 2,362,231 $ 30,804 $ 22,288,281 September 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ - $ 8,482 $ 42,367 $ 47,254 $ 12,680 $ 53,890 $ - $ - $ 164,673 Special mention - - 1,204 938 16,535 9,971 - - 28,648 Substandard - - - 66,765 7,410 5,507 - - 79,682 Pass 347,436 402,131 205,944 194,317 138,757 363,429 1,774 - 1,653,788 Total commercial multi-family $ 347,436 $ 410,613 $ 249,515 $ 309,274 $ 175,382 $ 432,797 $ 1,774 $ - $ 1,926,791 Commercial real estate non-owner occupied Watch $ - $ 12,680 $ 17,421 $ 3,370 $ 29,290 $ 27,796 $ - $ - $ 90,557 Special Mention - - - 1,360 - 81,021 - - 82,381 Substandard - 2,883 - 12,413 795 6,783 - - 22,874 Pass 457,826 198,716 211,082 111,346 99,502 388,440 8,711 - 1,475,623 Total commercial real estate non-owner occupied $ 457,826 $ 214,279 $ 228,503 $ 128,489 $ 129,587 $ 504,040 $ 8,711 $ - $ 1,671,435 Commercial real estate owner occupied Watch $ - $ - $ 5,113 $ 1,079 $ 6,647 $ 45,376 $ 4,222 $ - $ 62,437 Special Mention - - - - 5,109 2,503 - - 7,612 Substandard - - - 7,441 6,107 41,727 - - 55,275 Pass 265,762 423,736 140,857 94,271 143,141 279,566 5,754 - 1,353,087 Total commercial real estate owner occupied $ 265,762 $ 423,736 $ 145,970 $ 102,791 $ 161,004 $ 369,172 $ 9,976 $ - $ 1,478,411 Commercial and industrial Watch $ 4,058 $ 2,914 $ 2,401 $ 2,263 $ 8,612 $ 630 $ 15,447 $ - $ 36,325 Special Mention 729 1,080 6,318 288 99 - 4 - 8,518 Substandard 455 1,195 253 4,532 606 1,837 1,865 - 10,743 Loss - 216 992 12 20 9 - - 1,249 Pass 133,809 310,446 366,778 202,325 176,612 395,049 342,785 - 1,927,804 Total commercial and industrial $ 139,051 $ 315,851 $ 376,742 $ 209,420 $ 185,949 $ 397,525 $ 360,101 $ - $ 1,984,639 Construction Watch $ - $ 4,176 $ - $ 6,979 $ 18,310 $ 34,126 $ - $ - $ 63,591 Special Mention - - - - - 13,655 - - 13,655 Substandard - - 1,127 - 5,352 2,095 - - 8,574 Pass 67,657 169,586 136,299 124,518 10,916 9,927 - - 518,903 Total construction $ 67,657 $ 173,762 $ 137,426 $ 131,497 $ 34,578 $ 59,803 $ - $ - $ 604,723 Mortgage Substandard $ - $ 1,595 $ 4,338 $ 4,285 $ 1,051 $ 10,264 $ - $ - $ 21,533 Pass 186,000 307,110 245,092 189,149 58,717 248,269 - - 1,234,337 Total mortgage $ 186,000 $ 308,705 $ 249,430 $ 193,434 $ 59,768 $ 258,533 $ - $ - $ 1,255,870 September 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 34 $ - $ 34 Total credit cards $ - $ - $ - $ - $ - $ - $ 34 $ - $ 34 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,285 $ - $ 804 $ 3,089 Loss - - - - - 158 - 723 881 Pass - - - - - 8,974 41,226 15,669 65,869 Total HELOCs $ - $ - $ - $ - $ - $ 11,417 $ 41,226 $ 17,196 $ 69,839 Personal Substandard $ 242 $ 301 $ 92 $ 290 $ 21 $ 289 $ - $ - $ 1,235 Loss - - - 10 - 15 - - 25 Pass 149,856 53,759 9,475 17,527 3,009 3,179 - - 236,805 Total Personal $ 150,098 $ 54,060 $ 9,567 $ 17,827 $ 3,030 $ 3,483 $ - $ - $ 238,065 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 12 $ - $ 12 Pass - - - - - - 5,088 - 5,088 Total Other consumer $ - $ - $ - $ - $ - $ - $ 5,100 $ - $ 5,100 Total Popular U.S. $ 1,613,830 $ 1,901,006 $ 1,397,153 $ 1,092,732 $ 749,298 $ 2,036,770 $ 426,922 $ 17,196 $ 9,234,907 September 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ - $ 8,482 $ 42,367 $ 47,254 $ 12,680 $ 56,363 $ - $ - $ 167,146 Special mention - - 1,204 938 16,535 12,111 - - 30,788 Substandard - - - 67,745 7,410 11,586 100 - 86,841 Pass 479,322 425,360 226,846 228,238 163,568 394,226 1,774 - 1,919,334 Total commercial multi-family $ 479,322 $ 433,842 $ 270,417 $ 344,175 $ 200,193 $ 474,286 $ 1,874 $ - $ 2,204,109 Commercial real estate non-owner occupied Watch $ 176 $ 38,486 $ 31,507 $ 18,381 $ 37,256 $ 112,480 $ - $ - $ 238,286 Special Mention - 29,504 20,439 9,475 - 100,539 - - 159,957 Substandard 12,368 3,086 - 31,304 26,549 70,809 - - 144,116 Pass 1,342,087 784,986 511,201 206,022 135,269 972,221 23,330 - 3,975,116 Total commercial real estate non-owner occupied $ 1,354,631 $ 856,062 $ 563,147 $ 265,182 $ 199,074 $ 1,256,049 $ 23,330 $ - $ 4,517,475 Commercial real estate owner occupied Wat

Mortgage banking activities

Mortgage banking activities	9 Months Ended
	Sep. 30, 2022
Mortgage Banking [Abstract]
Mortgage Banking Activities	Note 10 – Mortgage banking activities Income from mortgage banking activities includes mortgage servicing fees earned in connection with administering residential mortgage loans and valuation adjustments on mortgage servicing rights. It also includes gain on sales and securitizations of residential mortgage loans, losses on repurchased loans, including interest advances, and trading gains and losses on derivative contracts used to hedge the Corporation’s securitization activities. In addition, lower-of-cost-or-market valuation adjustments to residential mortgage loans held for sale, if any, are recorded as part of the mortgage banking activities. The following table presents the components of mortgage banking activities: Quarters ended September 30, Nine months ended September 30, (In thousands) 2022 2021 2022 2021 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 9,126 $ 9,376 $ 27,635 $ 28,613 Mortgage servicing rights fair value adjustments ( 499) ( 5,979) 2,846 ( 11,706) Total mortgage servicing fees, net of fair value adjustments 8,627 3,397 30,481 16,907 Net gain (loss) on sale of loans, including valuation on loans held-for-sale 1,124 6,084 ( 374) 16,256 Trading account (loss) profit: Realized (losses) gains on closed derivative positions ( 240) ( 1,004) 6,325 632 Total trading account (loss) profit ( 240) ( 1,004) 6,325 632 Losses on repurchased loans, including interest advances ( 63) ( 170) ( 544) ( 697) Total mortgage banking activities $ 9,448 $ 8,307 $ 35,888 $ 33,098

Transfers of financial assets a

Transfers of financial assets and mortgage servicing assets	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing of Financial Assets
Transfers Of Financial Assets And Mortgage Servicing Assets	Note 11 – Transfers of financial assets and mortgage servicing assets The Corporation typically transfers conforming residential mortgage loans in conjunction with GNMA, FNMA and FHLMC securitization transactions whereby the loans are exchanged for cash or securities and servicing rights. As seller, the Corporation has made certain representations and warranties with respect to the originally transferred loans and, in the past, has sold certain loans with credit recourse to a government-sponsored entity, namely FNMA. Refer to Note 20 to the Consolidated Financial Statements for a description of such arrangements. No liabilities were incurred as a result of these securitizations during the quarters and nine months ended September 30, 2022 and 2021 because they did not contain any credit recourse arrangements. During the quarter and nine months ended September 30, 2022, the Corporation recorded a net gain of $ 1.0 million and a net loss of $ 0.8 million, respectively (September 30, 2021 - a net gain of $ 5.3 million and $ 13.7 million, respectively) related to the residential mortgage loans securitized. The following tables present the initial fair value of the assets obtained as proceeds from residential mortgage loans securitized during the quarters and nine months ended September 30, 2022 and 2021: Proceeds Obtained During the Quarter Ended September 30, 2022 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 14,190 $ - $ 14,190 Mortgage-backed securities - FNMA - 21,685 - 21,685 Total trading account debt securities $ - $ 35,875 $ - $ 35,875 Mortgage servicing rights $ - $ - $ 809 $ 809 Total $ - $ 35,875 $ 809 $ 36,684 Proceeds Obtained During the Nine months Ended September 30, 2022 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 169,352 $ - $ 169,352 Mortgage-backed securities - FNMA - 117,015 - 117,015 Mortgage-backed securities - FHLMC - 8,505 - 8,505 Total trading account debt securities $ - $ 294,872 $ - $ 294,872 Mortgage servicing rights $ - $ - $ 5,179 $ 5,179 Total $ - $ 294,872 $ 5,179 $ 300,051 Proceeds Obtained During the Quarter Ended September 30, 2021 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 84,896 $ - $ 84,896 Mortgage-backed securities - FNMA - 76,118 - 76,118 Mortgage-backed securities - FHLMC - 4,268 - 4,268 Total trading account debt securities $ - $ 165,282 $ - $ 165,282 Mortgage servicing rights $ - $ - $ 2,597 $ 2,597 Total $ - $ 165,282 $ 2,597 $ 167,879 Proceeds Obtained During the Nine months Ended September 30, 2021 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 293,613 $ - $ 293,613 Mortgage-backed securities - FNMA - 234,953 - 234,953 Mortgage-backed securities - FHLMC - 17,769 - 17,769 Total trading account debt securities $ - $ 546,335 $ - $ 546,335 Mortgage servicing rights $ - $ - $ 8,286 $ 8,286 Total $ - $ 546,335 $ 8,286 $ 554,621 During the nine months ended September 30, 2022, the Corporation retained servicing rights on whole loan sales involving approximately $ 50 million in principal balance outstanding (September 30, 2021 - $ 114 million), with net realized gains of approximately $ 0.8 million (September 30, 2021 - gains of $ 2.6 million). All loan sales performed during the nine months ended September 30, 2022 and 2021 were without credit recourse agreements. The Corporation recognizes as assets the rights to service loans for others, whether these rights are purchased or result from asset transfers such as sales and securitizations. These mortgage servicing rights (“MSRs”) are measured at fair value. The Corporation uses a discounted cash flow model to estimate the fair value of MSRs. The discounted cash flow model incorporates assumptions that market participants would use in estimating future net servicing income, including estimates of prepayment speeds, discount rate, cost to service, escrow account earnings, contractual servicing fee income, prepayment and late fees, among other considerations. Prepayment speeds are adjusted for the loans’ characteristics and portfolio behavior. The following table presents the changes in MSRs measured using the fair value method for the nine months ended September 30, 2022 and 2021. Residential MSRs (In thousands) September 30, 2022 September 30, 2021 Fair value at beginning of period $ 121,570 $ 118,395 Additions 6,195 9,888 Changes due to payments on loans [1] ( 8,178) ( 11,873) Reduction due to loan repurchases ( 646) ( 1,047) Changes in fair value due to changes in valuation model inputs or assumptions 11,556 1,214 Other 44 ( 10) Fair value at end of period [2] $ 130,541 $ 116,567 [1] Represents changes due to collection / realization of expected cash flows over time. [2] At September 30, 2022, PB had MSRs amounting to $ 2.0 million (September 30, 2021 - $ 1.4 million). Residential mortgage loans serviced for others were $ 11.4 billion at September 30, 2022 (December 31, 2021 -$ 12.1 billion). Net mortgage servicing fees, a component of mortgage banking activities in the Consolidated Statements of Operations, include the changes from period to period in the fair value of the MSRs, including changes due to collection / realization of expected cash flows. The banking subsidiaries receive servicing fees based on a percentage of the outstanding loan balance. These servicing fees are credited to income when they are collected. At September 30, 2022, those weighted average mortgage servicing fees were 0.31% (September 30, 2021 - 0.30%). Under these servicing agreements, the banking subsidiaries do not generally earn significant prepayment penalty fees on the underlying loans serviced. The section below includes information on assumptions used in the valuation model of the MSRs, originated and purchased. Key economic assumptions used in measuring the servicing rights derived from loans securitized or sold by the Corporation during the quarters and nine months ended September 30, 2022 and 2021 were as follows: Quarters ended Nine months ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 BPPR PB BPPR PB BPPR PB BPPR PB Prepayment speed 5.5 % 7.2 % 5.8 % 13.7 % 5.2 % 8.4 % 6.9 % 20.5 % Weighted average life (in years) 9.5 8.2 8.8 5.9 9.7 7.7 8.3 15.4 Discount rate (annual rate) 10.7 % 10.0 % 10.5 % 10.0 % 10.5 % 9.8 % 10.5 % 10.9 % Key economic assumptions used to estimate the fair value of MSRs derived from sales and securitizations of mortgage loans performed by the banking subsidiaries and servicing rights purchased from other financial institutions, and the sensitivity to immediate changes in those assumptions, were as follows as of the end of the periods reported: Originated MSRs Purchased MSRs September 30, December 31, September 30, December 31, (In thousands) 2022 2021 2022 2021 Fair value of servicing rights $ 42,739 $ 40,058 $ 87,802 $ 81,512 Weighted average life (in years) 6.8 7.1 6.8 7.5 Weighted average prepayment speed (annual rate) 6.2 % 7.7 % 7.3 % 7.6 % Impact on fair value of 10% adverse change $ ( 763) $ ( 1,500) $ ( 1,645) $ ( 1,486) Impact on fair value of 20% adverse change $ ( 1,496) $ ( 2,359) $ ( 3,225) $ ( 3,495) Weighted average discount rate (annual rate) 11.2 % 11.2 % 11.0 % 11.0 % Impact on fair value of 10% adverse change $ ( 1,504) $ ( 2,079) $ ( 3,242) $ ( 2,731) Impact on fair value of 20% adverse change $ ( 2,913) $ ( 3,452) $ ( 6,278) $ ( 5,832) The sensitivity analyses presented in the table above for servicing rights are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10 and 20 percent variation in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in the sensitivity tables included herein, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments and increased credit losses), which might magnify or counteract the sensitivities. At September 30, 2022, the Corporation serviced $ 0.7 billion in residential mortgage loans with credit recourse to the Corporation (December 31, 2021 - $ 0.7 billion). Also refer to Note 20 to the Consolidated Financial Statements for information on changes in the Corporation’s liability of estimated losses related to loans serviced with credit recourse. Under the GNMA securitizations, the Corporation, as servicer, has the right to repurchase (but not the obligation), at its option and without GNMA’s prior authorization, any loan that is collateral for a GNMA guaranteed mortgage-backed security when certain delinquency criteria are met. At the time that individual loans meet GNMA’s specified delinquency criteria and are eligible for repurchase, the Corporation is deemed to have regained effective control over these loans if the Corporation was the pool issuer. At September 30, 2022, the Corporation had recorded $ 9 million in mortgage loans on its Consolidated Statements of Financial Condition related to this buy-back option program (December 31, 2021 - $ 13 million). Loans in our serviced GNMA portfolio benefit from payment forbearance programs but continue to reflect the contractual delinquency until the borrower repays deferred payments or completes a payment deferral modification or other borrower assistance alternative. As long as the Corporation continues to service the loans that continue to be collateral in a GNMA guaranteed mortgage-backed security, the MSR is recognized by the Corporation. During the nine months ended September 30, 2022, the Corporation repurchased approximately $ 49 million (September 30, 2021 - $ 80 million) of mortgage loans from its GNMA servicing portfolio. The determination to repurchase these loans was based on the economic benefits of the transaction, which results in a reduction of the servicing costs for these severely delinquent loans, mainly related to principal and interest advances. The risk associated with the loans is reduced due to their guaranteed nature. The Corporation may place these loans under modification programs offered by FHA, VA or United States Department of Agriculture (USDA) or other loss mitigation programs offered by the Corporation, and once brought back to current status, these may be either retained in portfolio or re-sold in the secondary market.

Other real estate owned

Other real estate owned	9 Months Ended
	Sep. 30, 2022
Other Real Estate [Abstract]
Other Real Estate Owned	Note 12 – Other real estate owned The following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters and nine months ended September 30, 2022 and 2021. For the quarter ended September 30, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 14,250 $ 77,887 $ 92,137 Write-downs in value ( 84) ( 376) ( 460) Additions 1,711 13,975 15,686 Sales ( 1,984) ( 12,065) ( 14,049) Other adjustments - ( 75) ( 75) Ending balance $ 13,893 $ 79,346 $ 93,239 For the quarter ended September 30, 2021 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 14,581 $ 58,691 $ 73,272 Write-downs in value ( 522) ( 245) ( 767) Additions 1,693 17,395 19,088 Sales ( 1,734) ( 12,588) ( 14,322) Other adjustments 217 ( 660) ( 443) Ending balance $ 14,235 $ 62,593 $ 76,828 For the nine months ended September 30, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,017 $ 70,060 $ 85,077 Write-downs in value ( 934) ( 949) ( 1,883) Additions 5,230 53,878 59,108 Sales ( 5,528) ( 43,110) ( 48,638) Other adjustments 108 ( 533) ( 425) Ending balance $ 13,893 $ 79,346 $ 93,239 For the nine months ended September 30, 2021 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 13,214 $ 69,932 $ 83,146 Write-downs in value ( 986) ( 1,764) ( 2,750) Additions 7,668 36,335 44,003 Sales ( 6,059) ( 40,967) ( 47,026) Other adjustments 398 ( 943) ( 545) Ending balance $ 14,235 $ 62,593 $ 76,828

Other assets

Other assets	9 Months Ended
	Sep. 30, 2022
Other Assets Abstract
Other assets	Note 13 − Other assets The caption of other assets in the consolidated statements of financial condition consists of the following major categories: (In thousands) September 30, 2022 December 31, 2021 Net deferred tax assets (net of valuation allowance) $ 907,419 $ 657,597 Investments under the equity method 203,172 298,988 Prepaid taxes 46,818 37,924 Other prepaid expenses 42,682 34,937 Capitalized software costs 82,246 44,908 Derivative assets 16,653 26,093 Trades receivable from brokers and counterparties 13,203 65,460 Principal, interest and escrow servicing advances 44,144 53,942 Guaranteed mortgage loan claims receivable 77,618 98,001 Operating ROU assets (Note 28) 119,471 141,748 Finance ROU assets (Note 28) 18,705 13,459 Others 128,247 155,514 Total other assets $ 1,700,378 $ 1,628,571 The Corporation regularly incurs in capitalizable costs associated with software development or licensing which are recorded within the Other Assets line item in the accompanying Consolidated Statements of Financial Condition. In addition, the Corporation incurs costs associated with hosting arrangements that are service contracts that are also recorded within Other Assets. The hosting arrangements can include capitalizable implementation costs that are amortized during the term of the hosting arrangement. The following table summarizes the composition of acquired or developed software costs as well as costs related to hosting arrangements: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value September 30, 2022 Software development costs [1] $ 74,845 $ 24,562 $ 50,283 Software license costs 201,314 180,212 21,102 Cloud computing arrangements 22,661 11,800 10,861 Total Capitalized software costs $ 298,820 $ 216,574 $ 82,246 December 31, 2021 Software development costs $ 40,033 $ 18,972 $ 21,061 Software license costs 168,862 154,571 14,291 Cloud computing arrangements 18,346 8,790 9,556 Total Capitalized software costs $ 227,241 $ 182,333 $ 44,908 [1] Software development costs includes $ 28.7 million acquired as part of the Evertec Transactions. Total amortization expense for all capitalized software and hosting arrangement cost, reflected as part of equipment expenses, is as follows: Quarters ended September 30, Nine months ended September 30, (In thousands) 2022 2021 2022 2021 Software development and license costs $ 14,589 $ 11,741 $ 39,357 $ 33,429 Cloud computing arrangements 983 887 3,010 2,818 Total amortization expense $ 15,572 $ 12,628 $ 42,367 $ 36,247

Goodwill and other intangible a

Goodwill and other intangible assets	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure
Goodwill And Other Intangible Assets	Note 14 – Goodwill and other intangible assets The changes in the carrying amount of goodwill for the nine months ended September 30, 2022, allocated by reportable segments, were as follows (refer to Note 33 for the definition of the Corporation’s reportable segments): 2022 Balance at Goodwill on Goodwill Balance at (In thousands) January 1, 2022 acquisition impairment September 30,2022 Banco Popular de Puerto Rico $ 320,248 $ 116,135 $ - $ 436,383 Popular U.S. 400,045 - ( 9,000) 391,045 Total Popular, Inc. $ 720,293 $ 116,135 $ ( 9,000) $ 827,428 The goodwill recognized during the nine months ended September 30, 2022 in the reportable segment of Banco Popular de Puerto Rico of $ 116.1 million was related to the Business Acquisition Transaction. Refer to Note 4, Business combination, for additional information related to the Business Acquisition Transaction, including the goodwill and other intangible assets recognized. The goodwill impairment of $ 9 million during the nine months ended September 30, 2022 was recognized by the Corporation from the annual test as of July 31, 2022 related to Popular Equipment Finance (“PEF”) as a result of a decrease in the projected earnings of this business unit, as further described below. There were no changes in the carrying amount of goodwill for the quarters and nine months ended September 30, 2021. Other Intangible Assets At September 30, 2022 and December 31, 2021, the Corporation had $ 0.7 million of identifiable intangible assets with indefinite useful lives. The following table reflects the components of other intangible assets subject to amortization: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value September 30, 2022 Core deposits $ 12,810 $ 9,714 $ 3,096 Other customer relationships 14,286 4,404 9,882 Total other intangible assets $ 27,096 $ 14,118 $ 12,978 December 31, 2021 Core deposits $ 12,810 $ 8,754 $ 4,056 Other customer relationships 14,286 2,883 11,403 Total other intangible assets $ 27,096 $ 11,637 $ 15,459 During the quarter ended September 30, 2022, the Corporation recognized $ 0.8 million in amortization expense related to other intangible assets with definite useful lives (September 30, 2021 - $ 0.8 million). During the nine months ended September 30, 2022, the Corporation recognized $ 2.5 million in amortization related to other intangible assets with definite useful lives (September 30, 2021 - $ 3.1 million). The following table presents the estimated amortization of the intangible assets with definite useful lives for each of the following periods: (In thousands) Remaining 2022 $ 794 Year 2023 3,179 Year 2024 2,938 Year 2025 1,750 Year 2026 1,440 Later years 2,877 Results of the Annual Goodwill Impairment Test The Corporation’s goodwill and other identifiable intangible assets having an indefinite useful life are tested for impairment, at least annually and on a more frequent basis if events or circumstances indicate impairment could have taken place. Such events could include, among others, a significant adverse change in the business climate, an adverse action by a regulator, an unanticipated change in the competitive environment and a decision to change the operations or dispose of a reporting unit. Management monitors events or changes in circumstances between annual tests to determine if these events or changes in circumstances would more likely than not reduce the fair value of its reporting units below their carrying amounts. The Corporation performed the annual goodwill impairment evaluation for the entire organization during the third quarter of 2022 using July 31, 2022 as the annual evaluation date. The reporting units utilized for this evaluation were those that are one level below the business segments, which are the legal entities within the reportable segment. The Corporation follows push-down accounting, as such all goodwill is assigned to the reporting units when carrying out a business combination. In determining the fair value of each reporting unit, the Corporation generally uses a combination of methods, including market price multiples of comparable companies and transactions, as well as discounted cash flow analysis. Management evaluates the particular circumstances of each reporting unit in order to determine the most appropriate valuation methodology and the weights applied to each valuation methodology, as applicable. The Corporation evaluates the results obtained under each valuation methodology to identify and understand the key value drivers in order to ascertain that the results obtained are reasonable and appropriate under the circumstances. Elements considered include current market and economic conditions, developments in specific lines of business, and any particular features in the individual reporting units. The computations require management to make estimates and assumptions. Critical assumptions that are used as part of these evaluations include:  a selection of comparable publicly traded companies, based on nature of business, location and size;  a selection of comparable acquisitions;  the discount rate applied to future earnings, based on an estimate of the cost of equity;  the potential future earnings of the reporting unit; and  the market growth and new business assumptions. For purposes of the market comparable companies’ approach, valuations were determined by calculating average price multiples of relevant value drivers from a group of companies that are comparable to the reporting unit being analyzed and applying those price multiples to the value drivers of the reporting unit. Management uses judgment in the determination of which value drivers are considered more appropriate for each reporting unit. Comparable companies’ price multiples represent minority-based multiples and thus, a control premium adjustment is added to the comparable companies’ market multiples applied to the reporting unit’s value drivers. For purposes of the market comparable transactions’ approach, valuations had been previously determined by the Corporation by calculating average price multiples of relevant value drivers from a group of transactions for which the target companies are comparable to the reporting unit being analyzed and applying those price multiples to the value drivers of the reporting unit. For purposes of the discounted cash flows (“DCF”) approach, the valuation is based on estimated future cash flows. The financial projections used in the DCF valuation analysis for each reporting unit are based on the most recent (as of the valuation date) financial projections presented to the Corporation’s Asset / Liability Management Committee (“ALCO”). The growth assumptions included in these projections are based on management’s expectations for each reporting unit’s financial prospects considering economic and industry conditions as well as particular plans of each entity (i.e. restructuring plans, de-leveraging, etc.). The cost of equity used to discount the cash flows was calculated using the Ibbotson Build-Up Method and ranged from 12.51% to 15.73% for the 2022 analysis. The Ibbotson Build-Up Method builds up a cost of equity starting with the rate of return of a “risk-free” asset (20-year U.S. Treasury note) and adds to it additional risk elements such as equity risk premium, size premium, industry risk premium, and a specific geographic risk premium (as applicable). The resulting discount rates were analyzed in terms of reasonability given the current market conditions. An impairment of $ 9 million was recognized by the Corporation from the annual test as of July 31, 2022 related to PEF as a result of a decrease in the projected earnings of this business unit. The results of the BPPR annual goodwill impairment test as of July 31, 2022 indicated that the average estimated fair value using all valuation methodologies exceeded BPPR’s equity value by approximately $ 3.1 billion or 245% compared to $ 1.5 billion or 50%, for the annual goodwill impairment test completed as of July 31, 2021 . PB’s annual goodwill impairment test results as of such dates indicated that the average estimated fair value using all valuation methodologies exceeded PB’s equity value by approximately $ 670 million or 41% , compared to $ 412 million or 24%, for the annual goodwill impairment test completed as of July 31, 2021 . Accordingly, no impairment was recognized for BPPR not PB. The goodwill balance of BPPR and PB, as legal entities, represented approximately 93% of the Corporation’s total goodwill balance as of the July 31, 2022 valuation date. Furthermore, as part of the analyses, management performed a reconciliation of the aggregate fair values determined for the reporting units to the market capitalization of the Corporation concluding that the fair value results determined for the reporting units in the July 31, 2022 annual assessment were reasonable. The goodwill impairment evaluation process requires the Corporation to make estimates and assumptions with regard to the fair value of the reporting units. Actual values may differ significantly from these estimates. Such differences could result in future impairment of goodwill that would, in turn, negatively impact the Corporation’s results of operations and the reporting units where the goodwill is recorded. Declines in the Corporation’s market capitalization and adverse economic conditions sustained over a longer period of time negatively affecting forecasted cash flows could increase the risk of goodwill impairment in the future. A decline in the Corporation’s stock price related to global and/or regional macroeconomic conditions, a deterioration in the Puerto Rico economy and fiscal situation, reduced future earnings estimates, additional expenses and higher credit losses, and the continuance of the current interest rate environment could, individually or in the aggregate, have a material impact on the determination of the fair value of our reporting units, which could in turn result in an impairment of goodwill in the future. An impairment of goodwill would result in a non-cash expense, net of tax impact. A charge to earnings related to a goodwill impairment would not impact regulatory capital calculations. The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments . September 30, 2022 Balance at Balance at September 30, Accumulated September 30, 2022 impairment 2022 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 173,411 391,045 Total Popular, Inc. $ 1,004,640 $ 177,212 $ 827,428 December 31, 2021 Balance at Balance at December 31, Accumulated December 31, 2021 impairment 2021 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 324,049 $ 3,801 $ 320,248 Popular U.S. 564,456 164,411 400,045 Total Popular, Inc. $ 888,505 $ 168,212 $ 720,293

Deposits

Deposits	9 Months Ended
	Sep. 30, 2022
Deposits [Abstract]
Deposits	Note 15 – Deposits Total interest bearing deposits as of the end of the periods presented consisted of: (In thousands) September 30, 2022 December 31, 2021 Savings accounts $ 15,818,260 $ 15,871,998 NOW, money market and other interest bearing demand deposits 24,466,437 28,736,459 Total savings, NOW, money market and other interest bearing demand deposits 40,284,697 44,608,457 Certificates of deposit: Under $250,000 4,108,397 4,086,059 $250,000 and over 2,820,894 2,626,090 Total certificates of deposit 6,929,291 6,712,149 Total interest bearing deposits $ 47,213,988 $ 51,320,606 A summary of certificates of deposits by maturity at September 30, 2022 follows: (In thousands) 2022 $ 2,384,127 2023 2,060,978 2024 889,589 2025 652,629 2026 449,915 2027 and thereafter 492,053 Total certificates of deposit $ 6,929,291 At September 30, 2022, the Corporation had brokered deposits amounting to $ 0.9 billion (December 31, 2021 - $ 0.8 billion). The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans was $ 16.4 million at September 30, 2022 (December 31, 2021 - $ 6 million). At September 30, 2022, public sector deposits amounted to $ 17.5 billion. These include $ 1.4 billion transferred out of BPPR at the beginning of October and exclude $ 727 million in deposits managed by the Corporation’s Fiduciary Services Division, where it acts as custodian or escrow agent. Public deposit balances are difficult to predict. For example, the receipt by the Puerto Rico Government of hurricane recovery related Federal assistance, and seasonal tax collections, could increase public deposit balances at BPPR. On the other hand, the amount and timing of reductions in balances are likely to be impacted by, for example, the speed at which COVID-19 pandemic and hurricane recovery federal assistance is distributed, the financial condition, liquidity and cash management practices of the Puerto Rico Government and its instrumentalities and the implementation of fiscal and debt adjustment plans approved pursuant to PROMESA or other actions mandated by the Fiscal Oversight and Management Board for Puerto Rico (the “Oversight Board”).

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Borrowings	Note 16 – Borrowings Assets sold under agreements to repurchase Assets sold under agreements to repurchase amounted to $ 162 million at September 30, 2022 and $ 92 million at December 31, 2021. The Corporation’s repurchase transactions are overcollateralized with the securities detailed in the table below. The Corporation’s repurchase agreements have a right of set-off with the respective counterparty under the supplemental terms of the master repurchase agreements. In an event of default each party has a right of set-off against the other party for amounts owed in the related agreement and any other amount or obligation owed in respect of any other agreement or transaction between them. Pursuant to the Corporation’s accounting policy, the repurchase agreements are not offset with other repurchase agreements held with the same counterparty. The following table presents information related to the Corporation’s repurchase transactions accounted for as secured borrowings that are collateralized with debt securities available-for-sale, other assets held-for-trading purposes or which have been obtained under agreements to resell. It is the Corporation’s policy to maintain effective control over assets sold under agreements to repurchase; accordingly, such securities continue to be carried on the Consolidated Statements of Financial Condition. Repurchase agreements accounted for as secured borrowings September 30, 2022 December 31, 2021 Repurchase Repurchase (In thousands) liability liability U.S. Treasury securities Within 30 days $ 27,381 $ 19,538 After 30 to 90 days 13,790 30,295 After 90 days 17,448 29,036 Total U.S. Treasury securities 58,619 78,869 Mortgage-backed securities Within 30 days 96,572 11,733 After 90 days 6,980 722 Total mortgage-backed securities 103,552 12,455 Collateralized mortgage obligations Within 30 days 279 279 Total collateralized mortgage obligations 279 279 Total $ 162,450 $ 91,603 Repurchase agreements in this portfolio are generally short-term, often overnight. As such our risk is very limited. We manage the liquidity risks arising from secured funding by sourcing funding globally from a diverse group of counterparties, providing a range of securities collateral and pursuing longer durations, when appropriate. Other short-term borrowings At September 30, 2022 and December 31, 2021, other short-term borrowings consisted of $ 250 million and $ 75 million, respectively, in FHLB Advances. Notes Payable The following table presents the composition of notes payable at September 30, 2022 and December 31, 2021. (In thousands) September 30, 2022 December 31, 2021 Advances with the FHLB with maturities ranging from 2022 through 2029 paying interest at monthly fixed rates ranging from 0.39% to 3.18% $ 391,429 $ 492,429 Unsecured senior debt securities maturing on 2023 paying interest semiannually at a fixed rate of 6.125%, net of debt issuance costs of $ 1,208 298,793 297,842 Junior subordinated deferrable interest debentures (related to trust preferred securities) maturing on 2034 with fixed interest rates ranging from 6.125% to 6.564%, net of debt issuance costs of $ 322 198,312 198,292 Total notes payable $ 888,534 $ 988,563 Note: Refer to the Corporation's 2021 Form 10-K for rates information at December 31, 2021. A breakdown of borrowings by contractual maturities at September 30, 2022 is included in the table below. Assets sold under Short-term (In thousands) agreements to repurchase borrowings Notes payable Total 2022 $ 138,022 $ 250,000 $ 2,148 $ 390,170 2023 24,428 - 342,053 366,481 2024 - - 91,943 91,943 2025 - - 139,920 139,920 2026 - - 74,500 74,500 Later years - - 237,970 237,970 Total borrowings $ 162,450 $ 250,000 $ 888,534 $ 1,300,984 At September 30, 2022 and December 31, 2021, the Corporation had FHLB borrowing facilities whereby the Corporation could borrow up to $ 3.3 billion and $ 3.0 billion, respectively, of which $ 0.6 billion were used at each period. In addition, at September 30, 2022 and December 31, 2021, the Corporation had placed $ 0.5 billion and $ 1.2 billion, respectively, of the available FHLB credit facility as collateral for municipal letters of credit to secure deposits. The FHLB borrowing facilities are collateralized with loans held-in-portfolio, and do not have restrictive covenants or callable features. Also, at September 30, 2022, the Corporation has a borrowing facility at the discount window of the Federal Reserve Bank of New York amounting to $ 1.4 billion (December 31, 2021 - $ 1.3 billion), which remained unused at September 30, 2022 and December 31, 2021. The facility is a collateralized source of credit that is highly reliable even under difficult market conditions.

Other liabilities

Other liabilities	9 Months Ended
	Sep. 30, 2022
Other Liabilities Disclosure [Abstract]
Other liabilites	Note 17 − Other liabilities The caption of other liabilities in the consolidated statements of financial condition consists of the following major categories: (In thousands) September 30, 2022 December 31, 2021 Accrued expenses $ 344,197 $ 308,594 Accrued interest payable 28,291 33,227 Accounts payable 79,430 91,804 Dividends payable 39,973 35,937 Trades payable 5,793 13,789 Liability for GNMA loans sold with an option to repurchase 8,821 12,806 Reserves for loan indemnifications 7,947 12,639 Reserve for operational losses 37,507 43,886 Operating lease liabilities (Note 28) 131,422 154,114 Finance lease liabilities (Note 28) 24,692 19,719 Pension benefit obligation 7,931 8,778 Postretirement benefit obligation 158,242 161,988 Others 60,280 70,967 Total other liabilities $ 934,526 $ 968,248

Stockholders' equity

Stockholders' equity	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note
Stockholders' Equity	Note 18 – Stockholders’ equity As of September 30, 2022, stockholders’ equity totaled $ 3.7 billion. During the nine months ended September 30, 2022, the Corporation declared cash dividends of $ 1.65 (2021 - $ 1.30) per common share amounting to $ 124.2 million (2021 - $ 106.4 million). The quarterly dividend declared to stockholders of record as of the close of business on September 7, 2022 was paid on October 3, 2022. Accelerated share repurchase transaction (“ASR”) On August 24, 2022, the Corporation entered into an accelerated share repurchase program for the repurchase of an aggregate of $ 231 million of Popular’s common stock. Under the terms of the accelerated repurchase agreement (the “August ASR Agreement”), on August 26, 2022 the Corporation made an initial payment of $ 231 million and received an initial delivery of 2,339,241 shares of the Corporation’s Common Stock (the “Initial Shares”). The transaction was accounted for as a treasury stock transaction. As a result of the receipt of the Initial Shares, the Corporation recognized in stockholders’ equity approximately $ 185 million in treasury stock and $ 46 million as a reduction of capital surplus. Upon the final settlement of the August ASR Agreement, the Corporation expects to further adjust its treasury stock and capital surplus accounts to reflect the final delivery or receipt of cash or shares, which will depend on the volume-weighted average price of the Corporation’s common stock during the term of the August ASR Agreement, less a discount. The final settlement of the August ASR Agreement is expected to occur no later than the fourth quarter of 2022. On July 12, 2022, the Corporation completed an accelerated share repurchase program for the repurchase of an aggregate of $ 400 million of Popular’s common stock. Under the terms of the accelerated repurchase agreement (the “March ASR Agreement”), on March 2, 2022 the Corporation made an initial payment of $ 400 million and received an initial delivery of 3,483,942 shares of the Corporation’s Common Stock (the “March ASR Agreement Initial Shares”). The transaction was accounted for as a treasury stock transaction. As a result of the receipt of the March ASR Agreement Initial Shares, the Corporation recognized in stockholders’ equity approximately $ 320 million in treasury stock and $ 80 million as a reduction of capital surplus. Upon the final settlement of the March ASR Agreement, the Corporation received an additional 1,582,922 shares of Popular’s common stock and recognized approximately $ 120 million as treasury stock with a corresponding increase in its capital surplus account. The Corporation repurchased a total of 5,066,864 shares at an average purchased price of $ 78.9443 under the March ASR Agreement. On May 3, 2021, the Corporation entered into a $ 350 million accelerated share repurchase transaction (the “2021 ASR Transaction”) with respect to its common stock, which was accounted for as a treasury stock transaction. As a result of the receipt of the initial 3,785,831 shares, the Corporation recognized in stockholders’ equity approximately $ 280 million in treasury stock and $ 70 million as a reduction in capital surplus. The Corporation completed the 2021 ASR Transaction on September 9, 2021 and received 828,965 additional shares of Popular’s common stock and recognized $ 61 million in treasury stock with a corresponding increase in its capital surplus account. In total, the Corporation repurchased a total of 4,614,796 shares at an average price of $ 75.8430 under the 2021 ASR Transaction.

Other comprehensive (loss) inco

Other comprehensive (loss) income	9 Months Ended
	Sep. 30, 2022
Disclosure Of Change In Accumulated Other Comprehensive Income Loss [Abstract]
Other Comprehensive Income (Loss)	Note 19 – Other comprehensive loss The following table presents changes in accumulated other comprehensive loss by component for the quarters and nine months ended September 30, 2022 and 2021. Changes in Accumulated Other Comprehensive Loss by Component [1] Quarters ended Nine months ended September 30, September 30, (In thousands) 2022 2021 2022 2021 Foreign currency translation Beginning Balance $ ( 64,167) $ ( 67,959) $ ( 67,307) $ ( 71,254) Other comprehensive income 7,206 ( 1,265) 10,346 2,030 Net change 7,206 ( 1,265) 10,346 2,030 Ending balance $ ( 56,961) $ ( 69,224) $ ( 56,961) $ ( 69,224) Adjustment of pension and postretirement benefit plans Beginning Balance $ ( 152,837) $ ( 188,572) $ ( 158,994) $ ( 195,056) Other comprehensive income before reclassifications - - 1,269 - Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 2,444 3,242 7,332 9,726 Net change 2,444 3,242 8,601 9,726 Ending balance $ ( 150,393) $ ( 185,330) $ ( 150,393) $ ( 185,330) Unrealized net holding (losses) gains on debt securities Beginning Balance $ ( 1,735,370) $ 163,982 $ ( 96,120) $ 460,900 Other comprehensive loss ( 781,898) ( 46,956) ( 2,421,148) ( 343,874) Amounts reclassified from accumulated other comprehensive (loss) income for gains on securities - ( 18) - ( 18) Net change ( 781,898) ( 46,974) ( 2,421,148) ( 343,892) Ending balance $ ( 2,517,268) $ 117,008 $ ( 2,517,268) $ 117,008 Unrealized net gains (losses) on cash flow hedges Beginning Balance $ ( 642) $ ( 3,142) $ ( 2,648) $ ( 4,599) Other comprehensive income (loss) before reclassifications 415 ( 465) 3,222 662 Amounts reclassified from accumulated other comprehensive income (loss) 518 1,058 ( 283) 1,388 Net change 933 593 2,939 2,050 Ending balance $ 291 $ ( 2,549) $ 291 $ ( 2,549) Total $ ( 2,724,331) $ ( 140,095) $ ( 2,724,331) $ ( 140,095) [1] All amounts presented are net of tax. The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss during the quarters and nine months ended September 30, 2022 and 2021. Reclassifications Out of Accumulated Other Comprehensive Loss Quarters ended Nine months ended Affected Line Item in the September 30, September 30, (In thousands) Consolidated Statements of Operations 2022 2021 2022 2021 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ ( 3,911) $ ( 5,187) $ ( 11,733) $ ( 15,566) Total before tax ( 3,911) ( 5,187) ( 11,733) ( 15,566) Income tax benefit 1,467 1,945 4,401 5,840 Total net of tax $ ( 2,444) $ ( 3,242) $ ( 7,332) $ ( 9,726) Realized gain on sale of debt securities Net gain on sale of debt securities - 23 - 23 Total before tax - 23 - 23 Income tax expense - ( 5) - ( 5) Total net of tax $ - $ 18 $ - $ 18 Unrealized net gains (losses) on cash flow hedges Forward contracts Mortgage banking activities $ ( 828) $ ( 1,229) $ 1,249 $ ( 854) Interest rate swaps Other operating income - ( 289) ( 498) ( 853) Total before tax ( 828) ( 1,518) 751 ( 1,707) Income tax benefit 310 460 ( 468) 319 Total net of tax $ ( 518) $ ( 1,058) $ 283 $ ( 1,388) Total reclassification adjustments, net of tax $ ( 2,962) $ ( 4,282) $ ( 7,049) $ ( 11,096)

Guarantees

Guarantees	9 Months Ended
	Sep. 30, 2022
Guarantees
Guarantees	Note 20 – Guarantees At September 30, 2022, the Corporation recorded a liability of $ 0.2 million (December 31, 2021 - $ 0.2 million), which represents the unamortized balance of the obligations undertaken in issuing the guarantees under the standby letters of credit. Management does not anticipate any material losses related to these instruments. From time to time, the Corporation securitized mortgage loans into guaranteed mortgage-backed securities subject to limited, and in certain instances, lifetime credit recourse on the loans that serve as collateral for the mortgage-backed securities. The Corporation has not sold any mortgage loans subject to credit recourse since 2009. At September 30, 2022, the Corporation serviced $ 0.7 billion (December 31, 2021 - $ 0.7 billion) in residential mortgage loans subject to credit recourse provisions, principally loans associated with FNMA and FHLMC residential mortgage loan securitization programs. In the event of any customer default, pursuant to the credit recourse provided, the Corporation is required to repurchase the loan or reimburse the third party investor for the incurred loss. The maximum potential amount of future payments that the Corporation would be required to make under the recourse arrangements in the event of nonperformance by the borrowers is equivalent to the total outstanding balance of the residential mortgage loans serviced with recourse and interest, if applicable. During the quarter and nine months ended September 30, 2022, the Corporation repurchased approximately $ 1 million and $ 6 million, respectively, of unpaid principal balance in mortgage loans subject to the credit recourse provisions ( September 30, 2021 - $ 2 million and $ 17 million, respectively). In the event of nonperformance by the borrower, the Corporation has rights to the underlying collateral securing the mortgage loan. The Corporation suffers ultimate losses on these loans when the proceeds from a foreclosure sale of the property underlying a defaulted mortgage loan are less than the outstanding principal balance of the loan plus any uncollected interest advanced and the costs of holding and disposing the related property. At September 30, 2022, the Corporation’s liability established to cover the estimated credit loss exposure related to loans sold or serviced with credit recourse amounted to $ 7 million (December 31, 2021 - $ 12 million). The following table shows the changes in the Corporation’s liability of estimated losses related to loans serviced with credit recourse provisions during the quarters and nine months ended September 30, 2022 and 2021 . Quarters ended September 30, Nine months ended September 30, (In thousands) 2022 2021 2022 2021 Balance as of beginning of period $ 9,095 $ 15,662 $ 11,800 $ 22,484 Provision (benefit) for recourse liability ( 1,718) ( 1,959) ( 2,067) ( 2,710) Net charge-offs ( 184) ( 1,052) ( 2,540) ( 7,123) Balance as of end of period $ 7,193 $ 12,651 $ 7,193 $ 12,651 When the Corporation sells or securitizes mortgage loans, it generally makes customary representations and warranties regarding the characteristics of the loans sold. To the extent the loans do not meet specified characteristics, the Corporation may be required to repurchase such loans or indemnify for losses and bear any subsequent loss related to the loans. During the nine months ended September 30, 2022, the Corporation purchased $ 1 million under representation and warranty arrangements. There were no repurchases of loans under representation and warranty arrangements during the nine months ended September 30, 2021. A substantial amount of these loans reinstate to performing status or have mortgage insurance, and thus the ultimate losses on the loans are not deemed significant. From time to time, the Corporation sells loans and agrees to indemnify the purchaser for credit losses or any breach of certain representations and warranties made in connection with the sale. At September 30, 2022, the Corporation’s liability for estimated losses associated with indemnifications and representations and warranties related to loans sold by BPPR amounted to $ 0.8 million (December 31, 2021 - $ 0.8 million). Servicing agreements relating to the mortgage-backed securities programs of FNMA, FHLMC and GNMA, and to mortgage loans sold or serviced to certain other investors, including FHLMC, require the Corporation to advance funds to make scheduled payments of principal, interest, taxes and insurance, if such payments have not been received from the borrowers. At September 30, 2022, the Corporation serviced $ 11.4 billion in mortgage loans for third-parties, including the loans serviced with credit recourse (December 31, 2021 - $ 12.1 billion). The Corporation generally recovers funds advanced pursuant to these arrangements from the mortgage owner, from liquidation proceeds when the mortgage loan is foreclosed or, in the case of FHA/VA loans, under the applicable FHA and VA insurance and guarantees programs. However, in the meantime, the Corporation must absorb the cost of the funds it advances during the time the advance is outstanding. The Corporation must also bear the costs of attempting to collect on delinquent and defaulted mortgage loans. In addition, if a defaulted loan is not cured, the mortgage loan would be canceled as part of the foreclosure proceedings and the Corporation would not receive any future servicing incom e with respect to that loan. At September 30, 2022, the outstanding balance of funds advanced by the Corporation under such mortgage loan servicing agreements was approximately $ 44 million (December 31, 2021 - $ 54 million). To the extent the mortgage loans underlying the Corporation’s servicing portfolio experience increased delinquencies, the Corporation would be required to dedicate additional cash resources to comply with its obligation to advance funds as well as incur addition al administrative costs related to increases in collection efforts. Popular, Inc. Holding Company (“PIHC”) fully and unconditionally guarantees certain borrowing obligations issued by certain of its 100% owned consolidated subsidiaries amounting to $ 94 million at September 30, 2022 and December 31, 2021. In addition, at September 30, 2022 and December 31, 2021, PIHC fully and unconditionally guaranteed on a subordinated basis $ 193 million of capital securities (trust preferred securities) issued by wholly-owned issuing trust entities to the extent set forth in the applicable guarantee agreement. Refer to Note 18 to the Consolidated Financial Statements in the 2021 Form 10-K for further information on the trust preferred securities.

Commitments and contingencies

Commitments and contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure
Commitments And Contingencies	Note 21 – Commitments and contingencies Off-balance sheet risk The Corporation is a party to financial instruments with off-balance sheet credit risk in the normal course of business to meet the financial needs of its customers. These financial instruments include loan commitments, letters of credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of financial condition. The Corporation’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, standby letters of credit and financial guarantees is represented by the contractual notional amounts of those instruments. The Corporation uses the same credit policies in making these commitments and conditional obligations as it does for those reflected on the consolidated statements of financial condition. Financial instruments with off-balance sheet credit risk, whose contract amounts represent potential credit risk as of the end of the periods presented were as follows: (In thousands) September 30, 2022 December 31, 2021 Commitments to extend credit: Credit card lines $ 5,811,972 $ 5,382,089 Commercial and construction lines of credit 4,197,401 3,830,601 Other consumer unused credit commitments 249,167 250,229 Commercial letters of credit 1,687 3,260 Standby letters of credit 22,049 27,848 Commitments to originate or fund mortgage loans 80,102 95,372 At September 30, 2022 and December 31, 2021, the Corporation maintained a reserve of approximately $ 7.3 million and $ 7.9 million, respectively, for potential losses associated with unfunded loan commitments related to commercial and construction lines of credit. Other commitments At September 30, 2022, and December 31, 2021, the Corporation also maintained other non-credit commitments for approximately $ 4.8 million and $ 1.0 million, respectively, primarily for the acquisition of other investments. Business concentration Since the Corporation’s business activities are concentrated primarily in Puerto Rico, its results of operations and financial condition are dependent upon the general trends of the Puerto Rico economy and, in particular, the residential and commercial real estate markets. The concentration of the Corporation’s operations in Puerto Rico exposes it to greater risk than other banking companies with a wider geographic base. Its asset and revenue composition by geographical area is presented in Note 33 to the Consolidated Financial Statements. Puerto Rico has faced significant fiscal and economic challenges for over a decade. In response to such challenges, the U.S. Congress enacted the Puerto Rico Oversight Management and Economic Stability Act (“PROMESA”) in 2016, which, among other things, established the Oversight Board and a framework for the restructuring of the debts of the Commonwealth, its instrumentalities and municipalities. The Commonwealth and several of its instrumentalities have commenced debt restructuring proceedings under PROMESA. As of the date of this report, while municipalities have been designated as covered entities under PROMESA, no municipality has commenced, or has been authorized by the Oversight Board to commence, any such debt restructuring proceeding under PROMESA. At September 30, 2022, the Corporation’s direct exposure to the Puerto Rico government and its instrumentalities and municipalities totaled $ 365 million, of which $ 322 million were outstanding ($ 367 million and $ 349 million at December 31, 2021). Of the amount outstanding, $ 297 million consists of loans and $ 25 million are securities ($ 319 million and $ 30 million at December 31, 2021). Substantially all of the amount outstanding at September 30, 2022 and December 31, 2021 were obligations from various Puerto Rico municipalities. In most cases, these were “general obligations” of a municipality, to which the applicable municipality has pledged its good faith, credit and unlimited taxing power, or “special obligations” of a municipality, to which the applicable municipality has pledged other revenues. At September 30, 2022, 74% of the Corporation’s exposure to municipal loans and securities was concentrated in the municipalities of San Juan, Guaynabo, Carolina and Bayamón. The following table details the loans and investments representing the Corporation’s direct exposure to the Puerto Rico government according to their maturities as of September 30, 2022: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 13 $ - $ 13 $ 13 After 5 to 10 years 1 - 1 1 After 10 years 28 - 28 28 Total Central Government 42 - 42 42 Municipalities Within 1 year 4,530 23,618 28,148 46,337 After 1 to 5 years 19,105 100,776 119,881 144,881 After 5 to 10 years 1,025 123,290 124,315 124,315 After 10 years - 49,831 49,831 49,831 Total Municipalities 24,660 297,515 322,175 365,364 Total Direct Government Exposure $ 24,702 $ 297,515 $ 322,217 $ 365,406 In addition, at September 30, 2022, the Corporation had $ 256 million in loans insured or securities issued by Puerto Rico governmental entities but for which the principal source of repayment is non-governmental ($ 275 million at December 31, 2021 ). These included $ 214 million in residential mortgage loans insured by the Puerto Rico Housing Finance Authority (“HFA”), a governmental instrumentality that has been designated as a covered entity under PROMESA (December 31, 2021 - $ 232 million). These mortgage loans are secured by first mortgages on Puerto Rico residential properties and the HFA insurance covers losses in the event of a borrower default and upon the satisfaction of certain other conditions. The Corporation also had at September 30, 2022, $ 42 million in bonds issued by HFA which are secured by second mortgage loans on Puerto Rico residential properties, and for which HFA also provides insurance to cover losses in the event of a borrower default and upon the satisfaction of certain other conditions (December 31, 2021 - $ 43 million). In the event that the mortgage loans insured by HFA and held by the Corporation directly or those serving as collateral for the HFA bonds default and the collateral is insufficient to satisfy the outstanding balance of these loans, HFA’s ability to honor its insurance will depend, among other factors, on the financial condition of HFA at the time such obligations become due and payable. The Corporation does not consider the government guarantee when estimating the credit losses associated with this portfolio. Although the Governor is currently authorized by local legislation to impose a temporary moratorium on the financial obligations of the HFA, a moratorium on such obligations has not been imposed as of the date hereof. BPPR’s commercial loan portfolio also includes loans to private borrowers who are service providers, lessors, suppliers or have other relationships with the government. These borrowers could be negatively affected by the Commonwealth’s fiscal crisis and the ongoing Title III proceedings under PROMESA. Similarly, BPPR’s mortgage and consumer loan portfolios include loans to government employees and retirees, which could also be negatively affected by fiscal measures such as employee layoffs or furloughs or reductions in pension benefits. In addition, $ 1.5 billion of residential mortgages, $ 47 million of Small Business Administration (“SBA”) loans under the Paycheck Protection Program (“PPP”) and $ 71 million commercial loans were insured or guaranteed by the U.S. Government or its agencies at September 30, 2022 (compared to $ 1.6 billion, $ 353 million and $ 67 million, respectively, at December 31, 2021). The Corporation also had U.S. Treasury and obligations from the U.S. Government, its agencies or government sponsored entities within the portfolio of available-for-sale and held-to-maturity securities as described in Note 6 and 7 to the Consolidated Financial Statements. At September 30, 2022, the Corporation has operations in the United States Virgin Islands (the “USVI”) and has approximately $ 29 million in direct exposure to USVI government entities (December 31, 2021 - $ 70 million). The USVI has been experiencing a number of fiscal and economic challenges that could adversely affect the ability of its public corporations and instrumentalities to service their outstanding debt obligations. At September 30, 2022, the Corporation has operations in the British Virgin Islands (“BVI”), which has been negatively affected by the COVID-19 pandemic, particularly as a reduction in the tourism activity which accounts for a significant portion of its economy. Although the Corporation has no significant exposure to a single borrower in the BVI, it has a loan portfolio amounting to approximately $ 216 million comprised of various retail and commercial clients, compared to a loan portfolio of $ 221 million at December 31, 2021. Legal Proceedings The nature of Popular’s business ordinarily generates claims, litigation, investigations, and legal and administrative cases and proceedings (collectively, “Legal Proceedings”). When the Corporation determines that it has meritorious defenses to the claims asserted, it vigorously defends itself. The Corporation will consider the settlement of cases (including cases where it has meritorious defenses) when, in management’s judgment, it is in the best interest of the Corporation and its stockholders to do so. On at least a quarterly basis, Popular assesses its liabilities and contingencies relating to outstanding Legal Proceedings utilizing the most current information available. For matters where it is probable that the Corporation will incur a material loss and the amount can be reasonably estimated, the Corporation establishes an accrual for the loss. Once established, the accrual is adjusted on at least a quarterly basis to reflect any relevant developments, as appropriate. For matters where a material loss is not probable, or the amount of the loss cannot be reasonably estimated, no accrual is established. In certain cases, exposure to loss exists in excess of the accrual to the extent such loss is reasonably possible, but not probable. Management believes and estimates that the range of reasonably possible losses (with respect to those matters where such limits may be determined, in excess of amounts accrued) for current Legal Proceedings ranged from $ 0 to approximately $ 25.4 million as of September 30, 2022. In certain cases, management cannot reasonably estimate the possible loss at this time. Any estimate involves significant judgment, given the varying stages of the Legal Proceedings (including the fact that many of them are currently in preliminary stages), the existence of multiple defendants in several of the current Legal Proceedings whose share of liability has yet to be determined, the numerous unresolved issues in many of the Legal Proceedings, and the inherent uncertainty of the various potential outcomes of such Legal Proceedings. Accordingly, management’s estimate will change from time-to-time, and actual losses may be more or less than the current estimate. While the outcome of Legal Proceedings is inherently uncertain, based on information currently available, advice of counsel, and available insurance coverage, management believes that the amount it has already accrued is adequate and any incremental liability arising from the Legal Proceedings in matters in which a loss amount can be reasonably estimated will not have a material adverse effect on the Corporation’s consolidated financial position. However, in the event of unexpected future developments, it is possible that the ultimate resolution of these matters in a reporting period, if unfavorable, could have a material adverse effect on the Corporation’s consolidated financial position for that period. Set forth below is a description of the Corporation’s significant Legal Proceedings. BANCO POPULAR DE PUERTO RICO Hazard Insurance Commission-Related Litigation Popular, Inc., BPPR and Popular Insurance, LLC (the “Popular Defendants”) have been named defendants in a class action complaint captioned Pérez Díaz v. Popular, Inc., et al, filed before the Court of First Instance, Arecibo Part. The complaint originally sought damages and preliminary and permanent injunctive relief on behalf of the class against the Popular Defendants, as well as Antilles Insurance Company and MAPFRE-PRAICO Insurance Company (the “Defendant Insurance Companies”). Plaintiffs allege that the Popular Defendants have been unjustly enriched by failing to reimburse them for commissions paid by the Defendant Insurance Companies to the insurance agent and/or mortgagee for policy years when no claims were filed against their hazard insurance policies. They demand the reimbursement to the purported “class” of an estimated $ 400 million plus legal interest, for the “good experience” commissions allegedly paid by the Defendant Insurance Companies during the relevant time period, as well as injunctive relief seeking to enjoin the Defendant Insurance Companies from paying commissions to the insurance agent/mortgagee and ordering them to pay those fees directly to the insured. A motion for dismissal on the merits filed by the Defendant Insurance Companies was denied with a right to replead following limited targeted discovery. Each of the Puerto Rico Court of Appeals and the Puerto Rico Supreme Court denied the Popular Defendants’ request to review the lower court’s denial of the motion to dismiss. In December 2017, plaintiffs amended the complaint and, in January 2018, defendants filed an answer thereto. Separately, in October 2017, the Court entered an order whereby it broadly certified the class, after which the Popular Defendants filed a certiorari petition before the Puerto Rico Court of Appeals in relation to the class certification, which the Court declined to entertain. In November 2018 and in January 2019, plaintiffs filed voluntary dismissal petitions against MAPFRE-PRAICO Insurance Company and Antilles Insurance Company, respectively, leaving the Popular Defendants as the sole remaining defendants in the action. In April 2019, the Court amended the class definition to limit it to individual homeowners whose residential units were subject to a mortgage from BPPR who, in turn, obtained risk insurance policies with Antilles Insurance or MAPFRE Insurance through Popular Insurance, LLC from 2002 to 2015, and who did not make insurance claims against said policies during their effective term. The Court approved in September 2020 the notice to the class, which is yet to be published. In May 2021, the Popular Defendants filed a motion for summary judgment with respect to plaintiffs’ unjust enrichment theory of liability, reserving the right to file an additional motion for summary judgment regarding damages. Also, in May 2021, Popular, Inc. and BPPR filed a separate motion for summary judgment for failure to state a claim against such entities. During an oral hearing held in September 2021 to discuss the pending motions for summary judgment, Plaintiffs notified they did not object the dismissal of the action with prejudice as to Popular, Inc. and BPPR, leaving Popular Insurance, LLC (“Popular Insurance”) as the sole remaining defendant in the case. In October 2021, the Court issued a resolution denying Popular Insurance’s Motion for Summary Judgment. In December 2021, Popular Insurance filed a petition of certiorari to the Puerto Rico Court of Appeals, seeking review from the denial of the motion for summary judgment, and on February 28, 2022, the Court of Appeals entered a judgment reversing the lower court’s decision, after concluding it was unable to review de novo the denial of the motion for summary judgment since such decision failed to comply with the summary judgment standard. The Court of Appeals remanded the case to the lower court with instructions to enter a summary judgment that identifies the material contested issues of facts that prevents the lower court from granting Popular Insurance’s summary judgment motion. In May 2022, the trial court issued an amended resolution denying for a second time Popular Insurance’s Motion for Summary Judgment. On June 14, 2022, Popular Insurance filed a petition of Certiorari to the Puerto Rico Court of Appeals, seeking review from the denial of the Motion for Summary Judgment. On August 12, 2022, the Court of Appeals reversed the trial court’s ruling, granted summary judgment in favor of Popular Insurance, and ordered the dismissal of the case in its entirety. After the Court of Appeals denied a Motion for Reconsideration filed by Plaintiffs, on October 13, 2022, Plaintiffs filed a certiorari petition before the Puerto Rico Supreme Court seeking review of the Court of Appeals judgment. Popular Insurance’s opposition to the certiorari petition was filed on October 24, 2022. Mortgage-Related Litigation BPPR was named a defendant in a putative class action captioned Yiries Josef Saad Maura v. Banco Popular, et al. on behalf of residential customers of the defendant banks who have allegedly been subject to illegal foreclosures and/or loan modifications through their mortgage servicers. Plaintiffs contend that when they sought to reduce their loan payments, defendants failed to provide them with such reduced loan payments, instead subjecting them to lengthy loss mitigation processes while filing foreclosure claims against them in parallel, all in violation of the Truth In Lending Act (“TILA”), the Real Estate Settlement Procedures Act (“RESPA”), the Equal Credit Opportunity Act (“ECOA”), the Fair Credit Reporting Act (“FCRA”), the Fair Debt Collection Practices Act (“FDCPA”) and other consumer-protection laws and regulations. Plaintiffs did not include a specific amount of damages in their complaint. After waiving service of process, BPPR filed a motion to dismiss the complaint (as did most co-defendants, separately). BPPR further filed a motion to oppose class certification, which the Court granted in September 2018. In April 2019, the Court entered an Opinion and Order granting BPPR’s and several other defendants’ motions to dismiss with prejudice. Plaintiffs filed a Motion for Reconsideration in April 2019, which Popular timely opposed. In September 2019, the Court issued an Amended Opinion and Order dismissing plaintiffs’ claims against all defendants, denying the reconsideration requests and other pending motions, and issuing final judgment. In October 2019, plaintiffs filed a Motion for Reconsideration of the Court’s Amended Opinion and Order, which was denied in December 2019. In January 2020, plaintiffs filed a Notice of Appeal to the U.S. Court of Appeals for the First Circuit. Plaintiffs filed their appeal brief in July 2020, Appellees filed their brief in September 2020, and Appellants filed their reply brief in January 2021. The appeal is now fully briefed and pending resolution. Insufficient Funds and Overdraft Fees Class Actions In February 2020, BPPR was served with a putative class action complaint captioned Soto-Melendez v. Banco Popular de Puerto Rico, filed before the United States District Court for the District of Puerto Rico. The complaint alleges breach of contract, breach of the covenant of good faith and fair dealing and unjust enrichment due to BPPR’s purported practice of (a) assessing more than one insufficient funds fee (“NSF Fees”) on the same ACH “item” or transaction and (b) charging both NSF Fees and overdraft fees (“OD Fees”) on the same ACH item or transaction, and is filed on behalf of all persons who during the applicable statute of limitations period were charged NSF Fees and/or OD Fees pursuant to these purported practices. In April 2020, BPPR filed a motion to dismiss the case. In April 2021, the Court issued an order granting in part and denying in part BPPR’s motion to dismiss; the unjust enrichment claim was dismissed, whereas the breach of contract and covenant of good faith and fair dealing claims survived the motion. In March 2022, BPPR was also named as a defendant on a putative class action complaint captioned Orama-Caraballo v. Banco Popular, filed before the U.S. District Court for the District of Puerto Rico by the same Plaintiffs’ attorneys of the Soto-Melendez complaint. Similar to the claims set forth in the Soto-Melendez complaint, Plaintiffs allege breach of contract, breach of the covenant of good faith and fair dealing, and unjust enrichment due to the bank’s purported practice of (a) assessing more than one NSF Fee on the same “item” and (b) charging both NSF Fees and OD Fees on the same “item” but included allegations with respect to “checks” in addition to ACH payments. During a mediation hearing held in April 2022, the parties in both the Soto Melendez and Orama-Caraballo complaints reached a settlement in principle on a class-wide basis subject to final court approval. The parties filed before the Court a notice of settlement and a request to stay the proceedings in both cases and, on August 15, 2022, the parties submitted the class action settlement agreement for the Court's preliminary approval. The Court has yet to issue its preliminary approval of the settlement agreement. Popular was also named as a defendant on a putative class action complaint captioned Golden v. Popular, Inc. filed in March 2020 before the U.S. District Court for the Southern District of New York, seeking damages, restitution and injunctive relief. Plaintiff alleged breach of contract, violation of the covenant of good faith and fair dealing, unjust enrichment and violation of New York consumer protection law due to Popular’s purported practice of charging OD Fees on transactions that, under plaintiffs’ theory, do not overdraw the account. Plaintiff described Popular’s purported practice of charging OD Fees as “Authorize Positive, Purportedly Settle Negative” (“APPSN”) transactions and alleged that Popular assesses OD Fees over authorized transactions for which sufficient funds are held for settlement. In August 2020, Popular filed a Motion to Dismiss on several grounds, including failure to state a claim against Popular, Inc. and improper venue. In October 2020, Plaintiff filed a Notice of Voluntary Dismissal before the U.S. District Court for the Southern District of New York and, simultaneously, filed an identical complaint in the U.S. District Court for the District of the Virgin Islands against Popular, Inc., Popular Bank and BPPR. In November 2020, Plaintiff filed a Notice of Voluntary Dismissal against Popular, Inc. and Popular Bank following a Motion to Dismiss filed on behalf of such entities, which argued failure to state a claim and lack of minimum contacts of such parties with the U.S.V.I. district court jurisdiction. BPPR, the only defendant remaining in the case, was served with process in November 2020 and filed a Motion to Dismiss in January 2021. In October 2021, the District Court, notwithstanding that BPPR’s Motion to Dismiss remained pending resolution, held an initial scheduling conference and, thereafter, issued a trial management order where it scheduled the deadline for all discovery for November 1, 2022, the deadline for the filing of a joint pre-trial brief for June 1, 2023, and the trial for June 20 to June 30, 2023. During a status hearing held on June 7, 2022, the District Court entered an amended scheduling order extending the discovery deadline to March 31, 2023, and granting plaintiffs until April 14, 2023, to file a motion for class certification. During a mediation hearing held on October 14, 2022, the parties in the Golden action reached a settlement in principle on a class-wide basis subject to final court approval. On October 19, 2022, the parties filed before the Court a notice of settlement and a request to stay the proceedings while Plaintiffs submit a motion for the preliminary approval of the class action settlement. The parties expect to submit the class action settlement agreement for the Court's preliminary approval during December 2022. On January 31, 2022, Popular was also named as a defendant on a putative class action complaint captioned Lipsett v. Popular, Inc. d/b/a Banco Popular, filed before the U.S. District Court for the Southern District of New York, seeking damages, restitution and injunctive relief. Similar to the claims set forth in the aforementioned Golden complaint, Plaintiff alleges breach of contract, including violations of the covenant of good faith and fair dealing, as a result of Popular’s purported practice of charging OD Fees for APPSN transactions. The complaint further alleged that Popular assesses OD Fees over authorized transactions for which sufficient funds are held for settlement. Popular waived service of process and filed a Motion to Compel Arbitration on April 4, 2022. In response to Popular’s motion, Plaintiff filed a Notice of Voluntary Dismissal on April 27, 2022. On May 13, 2022, Plaintiff in the Lipsett complaint filed a new complaint captioned Lipsett v. Banco Popular North America d/b/a Popular Community Bank with the same allegations of his previous complaint against Popular. On June 10, 2022, after serving Plaintiff with a written notice of election to arbitrate the claims asserted in the complaint which went unanswered, Popular Bank filed a Pre-Motion Conference motion related to a new Motion to Compel Arbitration. After Plaintiff responded to the Pre-Motion conference motion, on September 2, 2022, the Court allowed Popular Bank to file its Motion to Compel Arbitration, which it did on September 8, 2022. Plaintiff opposed to such motion on October 13, 2022, and PB filed its reply on November 3, 2022. The Motion to Compel Arbitration is now fully briefed and pending resolution. Cyber Incident Related Litigation BPPR was named defendant in a putative class action complaint filed before the U.S. District Court for the District of Puerto Rico, captioned Rosa E. Rivera Marrero v. Banco Popular de Puerto Rico. Plaintiff contends BPPR failed to properly secure and safeguard the class members’ personally identifiable information (“PII”) which was purportedly exposed through a data breach experienced by a BPPR’s vendor in June 2021. Such data breach, which as alleged involved BPPR’s files, occurred via the exploitation of an alleged vulnerability in Accellion FTA, a legacy software product developed by Accellion, Inc used by BPPR’s vendor. Plaintiff further alleges that, during the data breach, an unauthorized actor removed one or more documents that contained PII of the plaintiff and purported class members. Plaintiff demands injunctive relief requesting, among other things, BPPR to protect all data collected through the course of its business in accordance with all applicable regulations, industry standards and federal, state or local laws, as well as an award for damages, attorneys’ fees, costs and litigation expenses. BPPR was served with process on May 27, 2022 and, on August 1, 2022, filed a Motion to Dismiss. On August 15, 2022, Plaintiff filed her opposition to the Motion to Dismiss and, on September 14, 2022, BPPR filed a reply in support of its Motion to Dismiss. BPPR’s Motion to Dismiss is fully briefed and pending resolution. POPULAR BANK Employment-Related Litigation In July 2019, PB was served in a putative class complaint in which it was named as a defendant along with five ( 5) current PB employees (collectively, the “AB Defendants”), captioned Aileen Betances, et al. v. Popular Bank, et al., filed before the Supreme Court of the State of New York (the “AB Action”). The complaint, filed by five ( 5) current and former PB employees, seeks to recover damages for the AB Defendants' alleged violation of local and state sexual harassment, discrimination and retaliation laws. Additionally, in July 2019, PB was served in a putative class complaint in which it was named as a defendant along with six ( 6) current PB employees (collectively, the “DR Defendants”), captioned Damian Reyes, et al. v. Popular Bank, et al., filed before the Supreme Court of the State of New York (the “DR Action”). The DR Action, filed by three ( 3) current and former PB employees, seeks to recover damages for the DR Defendants’ alleged violation of local and state discrimination and retaliation laws. Plaintiffs in both complaints are represented by the same legal counsel, and five of the six named individual defendants in the DR Action are the same named individual defendants in the AB Action. Both complaints are related, among other things, to allegations of purported sexual harassment and/or misconduct by a former PB employee as well as PB’s actions in connection thereto and seek no less than $ 100 million in damages each. In October 2019, PB and the other defendants filed several Motions to Dismiss. Plaintiffs opposed the motions in December 2019 and PB and the other defendants replied in January 2020. In July 2020, a hearing to discuss the motions to dismiss filed by PB in both actions was held, at which the Court dismissed one of the causes of action included by plaintiffs in the AB Action. In June 2021, the Court in the AB Action entered a judgment dismissing all claims except those regarding the principal plaintiff Aileen Betances against PB for retaliation, and Betances’ claim against three ( 3) other AB Defendants for aiding/abetting the alleged retaliation. Also, in July 2021, the Court in the DR action entered a partial judgment dismissing all claims against the individual DR Defendants, with all surviving claims being against PB and limited to local retaliation claims and local and state discrimination claims. Plaintiffs in both the AB Action and the DR Action have filed notices of appeal of both judgments. On August 11, 2021, PB and the remaining AB Defendants in the AB Action, as well as PB in the DR Action, answered the respective complaints as to the surviving claims. Discovery is ongoing. On March 25, 2022, Plaintiffs in both the AB Action and the DR Action perfected their appeals seeking to reverse both partial judgments. PB filed opposition briefs as to both appeals on August 10, 2022, and Plaintiffs in both the AB Action and the DR Action have until November 3, 2022 to file their reply. However, on October 24, 2022, PB and all but the principal plaintiff in the AB Action, Aileen Betances, reached an agreement in principle subject to final documentation, to settle all their claims included in the AB Action. Also, on that same date, PB and all Plaintiffs in the DR Action reached an agreement in principle subject to final documentation, to settle all claims included in the DR Action. POPULAR SECURITIES Puerto Rico Bonds and Closed-End Investment Funds The volatility in prices and declines in value that Puerto Rico municipal bonds and closed-end investment companies that invest primarily in Puerto Rico municipal bonds have experienced since August 2013 have led to regulatory inquiries, customer complaints and arbitrations for most broker-dealers in Puerto Rico, including Popular Securities. Popular Securities has received customer complaints and, as of September 30, 2022, was named as a respondent (among other broker-dealers) in 22 pending arbitration proceedings with initial claimed amounts of approximately $ 26 million in the aggregate. While Popular Securities believes it has meritorious defenses to the claims asserted in these proceedings, it has often determined that it is in its best interest to settle certain claims rather than expend the money and resources required to see such cases to completion. The Puerto Rico Government’s defaults and non-payment of its various debt obligations, as well as the Oversight Board decision to pursue restructurings under Title III and Title VI of PROMESA, have impacted the number of customer complaints (and claimed damages) filed against Popular Securities concerning Puerto Rico bonds and closed-end investment companies that invest primarily in Puerto Rico bonds. An adverse result in the arbitration proceedings described above, or a significant increase in customer complaints, could have a material adverse effect on Popular. In October 2021, a panel in an arbitration proceeding with claimed damages arising from trading losses of approximately $ 30 million ordered Popular Securities to pay claimants approximately $ 6.9 million in compensatory damages and expenses. In November, 2021, the claimants in such arbitration proceeding filed a complaint captioned Trinidad García v. Popular, Inc. et. al. bef

Non-consolidated variable inter

Non-consolidated variable interest entities	9 Months Ended
	Sep. 30, 2022
Variable Interest Entity
Variable interest entity disclosure	Note 22 – Non-consolidated variable interest entities The Corporation is involved with three statutory trusts which it created to issue trust preferred securities to the public. These trusts are deemed to be variable interest entities (“VIEs”) since the equity investors at risk have no substantial decision-making rights. The Corporation does not hold any variable interest in the trusts, and therefore, cannot be the trusts’ primary beneficiary. Furthermore, the Corporation concluded that it did not hold a controlling financial interest in these trusts since the decisions of the trusts are predetermined through the trust documents and the guarantee of the trust preferred securities is irrelevant since in substance the sponsor is guaranteeing its own debt. Also, the Corporation is involved with various special purpose entities mainly in guaranteed mortgage securitization transactions, including GNMA and FNMA. The Corporation has also engaged in securitization transactions with FHLMC, but considers its exposure in the form of servicing fees and servicing advances not to be significant at September 30, 2022 . These special purpose entities are deemed to be VIEs since they lack equity investments at risk. The Corporation’s continuing involvement in these guaranteed loan securitizations includes owning certain beneficial interests in the form of securities as well as the servicing rights retained. The Corporation is not required to provide additional financial support to any of the variable interest entities to which it has transferred the financial assets. The mortgage-backed securities, to the extent retained, are classified in the Corporation’s Consolidated Statements of Financial Condition as available-for-sale or trading securities. The Corporation concluded that, essentially, these entities (FNMA and GNMA) control the design of their respective VIEs, dictate the quality and nature of the collateral, require the underlying insurance, set the servicing standards via the servicing guides and can change them at will, and can remove a primary servicer with cause, and without cause in the case of FNMA. Moreover, through their guarantee obligations, agencies (FNMA and GNMA) have the obligation to absorb losses that could be potentially significant to the VIE. The Corporation holds variable interests in these VIEs in the form of agency mortgage-backed securities and collateralized mortgage obligations, including those securities originated by the Corporation and those acquired from third parties. Additionally, the Corporation holds agency mortgage-backed securities and agency collateralized mortgage obligations issued by third party VIEs in which it has no other form of continuing involvement. Refer to Note 24 to the Consolidated Financial Statements for additional information on the debt securities outstanding at September 30, 2022 and December 31, 2021, which are classified as available-for-sale and trading securities in the Corporation’s Consolidated Statements of Financial Condition. In addition, the Corporation holds variable interests in the form of servicing fees, since it retains the right to service the transferred loans in those government-sponsored special purpose entities (“SPEs”) and may also purchase the right to service loans in other government-sponsored SPEs that were transferred to those SPEs by a third-party. The following table presents the carrying amount and classification of the assets related to the Corporation’s variable interests in non-consolidated VIEs and the maximum exposure to loss as a result of the Corporation’s involvement as servicer of GNMA and FNMA loans at September 30, 2022 and December 31, 2021. (In thousands) September 30, 2022 December 31, 2021 Assets Servicing assets: Mortgage servicing rights $ 100,468 $ 94,464 Total servicing assets $ 100,468 $ 94,464 Other assets: Servicing advances $ 6,580 $ 7,968 Total other assets $ 6,580 $ 7,968 Total assets $ 107,048 $ 102,432 Maximum exposure to loss $ 107,048 $ 102,432 The size of the non-consolidated VIEs, in which the Corporation has a variable interest in the form of servicing fees, measured as the total unpaid principal balance of the loans, amounted to $ 7.9 billion at September 30, 2022 (December 31, 2021 - $ 8.3 billion). The Corporation determined that the maximum exposure to loss includes the fair value of the MSRs and the assumption that the servicing advances at September 30, 2022 and December 31, 2021, will not be recovered. The agency debt securities are not included as part of the maximum exposure to loss since they are guaranteed by the related agencies. ASU 2009-17 requires that an ongoing primary beneficiary assessment should be made to determine whether the Corporation is the primary beneficiary of any of the VIEs it is involved with. The conclusion on the assessment of these non-consolidated VIEs has not changed since their initial evaluation. The Corporation concluded that it is still not the primary beneficiary of these VIEs, and therefore, these VIEs are not required to be consolidated in the Corporation’s financial statements at September 30, 2022.

Related party transactions

Related party transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions
Related Party Transactions	Note 23 – Related party transactions The Corporation considers its equity method investees as related parties. The following provides information on transactions with equity method investees considered related parties. EVERTEC Until August 15, 2022, the Corporation had an investment in Evertec, which provides various processing and information technology services to the Corporation and its subsidiaries and gave BPPR access to the ATH network owned and operated by Evertec. As of December 31,2021, the Corporation held 11,654,803 shares of Evertec, representing an ownership stake of 16.19 % . This investment was accounted for under the equity method. The Corporation recorded $ 1.5 million in dividends from its investment in Evertec during the nine months ended September 30, 2022 (September 30, 2021 - $ 1.7 million). As discussed in Note 4, Business combination, on July 1, 2022, BPPR completed its previously announced acquisition of certain assets from Evertec Group to service certain BPPR channels. In connection with the Business Acquisition Transaction, BPPR also entered into amended and restated service agreements with Evertec Group pursuant to which Evertec Group will continue to provide various information technology and transaction processing services to Popular, BPPR and their respective subsidiaries. As part of the transaction, BPPR and Evertec entered into a revenue sharing structure for BPPR in connection with its merchant acquiring relationship with Evertec. As consideration for the Business Acquisition Transaction, BPPR delivered to Evertec Group 4,589,169 shares of Evertec common stock valued at closing at $ 169.2 million (based on Evertec’s stock price on June 30, 2022 of $ 36.88). As a result of the exchange of shares, the Corporation recognized a pre-tax gain of $ 119.9 million. Additionally, on August 15, 2022, the Corporation completed the sale of its remaining 7,065,634 shares of common stock of Evertec, Inc. (the “Evertec Stock Sale”, and collectively with the Business Acquisition Transaction, the “Evertec Transactions”). Following the Evertec Stock Sale, Popular no longer owns any Evertec common stock. As a result, the Corporation discontinued accounting for its proportionate share of Evertec’s income (loss) and changes in stockholder’s equity under the equity method of accounting in the third quarter of 2022. The Corporation recognized a pre-tax gain on the Evertec Stock Sale of $ 137.8 million, including related accounting adjustments. The following table presents the Corporation’s proportionate share of Evertec’s income (loss) and changes in stockholders’ equity through the period ended September 30, 2022, including the effects of the gains recognized related to the Evertec Transactions. Quarter ended Nine months ended (In thousands) September 30.2022 September 30, 2022 Share of Evertec income and Gain from the Evertec Transactions and related accounting adjustments [1] $ 257,712 $ 269,539 Share of other changes in Evertec's stockholders' equity - 3,168 Share of Evertec's changes in equity recognized in income and Gain from the Evertec Transactions and related accounting adjustments $ 257,712 $ 272,707 [1] The Gain from the Evertec Transactions and related accounting adjustments are reflected within Other operating income in the accompanying consolidated financial statements. As discussed in Note 4, the Corporation recognized an additional $17.3 million as an operating expense in connection with the Business Acquisition Transaction. Quarter ended Nine months ended (In thousands) September 30, 2021 September 30, 2021 Share of income from the investment in Evertec $ 5,709 $ 19,426 Share of other changes in Evertec's stockholders' equity 610 1,009 Share of Evertec's changes in equity recognized in income $ 6,319 $ 20,435 The following tables present the transactions and service payments between the Corporation and Evertec (as an affiliate) and their impact on the results of operations. Items that represent expenses to the Corporation are presented with parenthesis. Nine months ended (In thousands) September 30, 2022 [1] Category Interest expense on deposits $ ( 267) Interest expense ATH and credit cards interchange income from services to Evertec 13,955 Other service fees Rental income charged to Evertec 3,258 Net occupancy Processing fees on services provided by Evertec ( 128,681) Professional fees Other services provided to Evertec 420 Other operating expenses Total $ ( 111,315) [1] Includes activity through June 30, 2022. Quarter ended Nine months ended (In thousands) September 30, 2021 September 30, 2021 Category Interest expense on deposits $ ( 103) $ ( 267) Interest expense ATH and credit cards interchange income from services to Evertec 6,849 20,278 Other service fees Rental income charged to Evertec 1,973 4,915 Net occupancy Processing fees on services provided by Evertec ( 62,421) ( 183,302) Professional fees Other services provided to Evertec 214 554 Other operating expenses Total $ ( 53,488) $ ( 157,822) The Corporation continues to obtain programming, processing, and other technology services from Evertec under the amended and restated Master Service Agreement (“MSA”). During the third quarter of 2022, the Corporation incurred expenses of $ 52 million in connection with these services. In addition, the Corporation received $ 3.3 million from Evertec, related to its merchant acquiring relationship. Under the terms of the MSA, Evertec will be entitled to receive monthly payments from the Corporation to the extent that Evertec’s revenues, covered under the MSA, fall below certain agreed annualized minimum amounts. Centro Financiero BHD León At September 30, 2022, the Corporation had a 15.84% equity interest in Centro Financiero BHD León, S.A. (“BHD León”), one of the largest banking and financial services groups in the Dominican Republic. During the nine months ended September 30, 2022, the Corporation recorded $ 23.7 million in earnings from its investment in BHD León (September 30, 2021 - $ 20.4 million), which had a carrying amount of $ 192.2 million at September 30, 2022 (December 31, 2021 - $ 180.3 million). The Corporation received $ 16.0 million in dividends distributions during the nine months ended September 30, 2022 from its investment in BHD León (September 30, 2021 - $ 4.3 million). Investment Companies The Corporation, through its subsidiary Popular Asset Management LLC (“PAM”), provides advisory services to several investment companies registered under the Investment Company Act of 1940 in exchange for a fee. The Corporation, through its subsidiary BPPR, also provides administrative, custody and transfer agency services to these investment companies. These fees are calculated at an annual rate of the average net assets of the investment company, as defined in each agreement. Due to its advisory role, the Corporation considers these investment companies as related parties. For the nine months ended September 30, 2022 administrative fees charged to these investment companies amounted to $ 1.9 million (September 30, 2021 - $ 3.4 million) and waived fees amounted to $ 0.7 million (September 30, 2021 - $ 1.3 million), for a net fee of $ 1.2 million (September 30, 2021 - $ 2.1 million).

Fair value measurement

Fair value measurement	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures
Fair Value Measurement	Note 24 – Fair value measurement ASC Subtopic 820-10 “Fair Value Measurements and Disclosures” establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels in order to increase consistency and comparability in fair value measurements and disclosures. The hierarchy is broken down into three levels based on the reliability of inputs as follows:  Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Corporation has the ability to access at the measurement date. Valuation on these instruments does not necessitate a significant degree of judgment since valuations are based on quoted prices that are readily available in an active market.  Level 2 - Quoted prices other than those included in Level 1 that are observable either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or that can be corroborated by observable market data for substantially the full term of the financial instrument.  Level 3 - Inputs are unobservable and significant to the fair value measurement. Unobservable inputs reflect the Corporation’s own judgements about assumptions that market participants would use in pricing the asset or liability. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the observable inputs be used when available. Fair value is based upon quoted market prices when available. If listed prices or quotes are not available, the Corporation employs internally-developed models that primarily use market-based inputs including yield curves, interest rates, volatilities, and credit curves, among others. Valuation adjustments are limited to those necessary to ensure that the financial instrument’s fair value is adequately representative of the price that would be received or paid in the marketplace. These adjustments include amounts that reflect counterparty credit quality, the Corporation’s credit standing, constraints on liquidity and unobservable parameters that are applied consistently. There have been no changes in the Corporation’s methodologies used to estimate the fair value of assets and liabilities from those disclosed in the 2021 Form 10-K. The estimated fair value may be subjective in nature and may involve uncertainties and matters of significant judgment for certain financial instruments. Changes in the underlying assumptions used in calculating fair value could significantly affect the results. Fair Value on a Recurring and Nonrecurring Basis The following fair value hierarchy tables present information about the Corporation’s assets and liabilities measured at fair value on a recurring basis at September 30, 2022 and December 31, 2021: At September 30, 2022 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE MEASUREMENTS Assets Debt securities available-for-sale: U.S. Treasury securities $ 5,450,397 $ 16,055,525 $ - $ - $ 21,505,922 Collateralized mortgage obligations - federal agencies - 176,204 - - 176,204 Mortgage-backed securities - 6,580,237 711 - 6,580,948 Other - 74 1,000 - 1,074 Total debt securities available-for-sale $ 5,450,397 $ 22,812,040 $ 1,711 $ - $ 28,264,148 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 15,711 $ - $ - $ - $ 15,711 Obligations of Puerto Rico, States and political subdivisions - 66 - - 66 Collateralized mortgage obligations - 48 135 - 183 Mortgage-backed securities - 14,056 - - 14,056 Other - - 255 - 255 Total trading account debt securities, excluding derivatives $ 15,711 $ 14,170 $ 390 $ - $ 30,271 Equity securities $ - $ 26,723 $ - $ 331 $ 27,054 Mortgage servicing rights - - 130,541 - 130,541 Derivatives - 16,653 - - 16,653 Total assets measured at fair value on a recurring basis $ 5,466,108 $ 22,869,586 $ 132,642 $ 331 $ 28,468,667 Liabilities Derivatives $ - $ ( 14,776) $ - $ - $ ( 14,776) Total liabilities measured at fair value on a recurring basis $ - $ ( 14,776) $ - $ - $ ( 14,776) At December 31, 2021 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE MEASUREMENTS Assets Debt securities available-for-sale: U.S. Treasury securities $ - $ 15,859,030 $ - $ - $ 15,859,030 Obligations of U.S. Government sponsored entities - 70 - - 70 Collateralized mortgage obligations - federal agencies - 221,265 - - 221,265 Mortgage-backed securities - 8,886,950 826 - 8,887,776 Other - 128 - - 128 Total debt securities available-for-sale $ - $ 24,967,443 $ 826 $ - $ 24,968,269 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 6,530 $ - $ - $ - $ 6,530 Obligations of Puerto Rico, States and political subdivisions - 85 - - 85 Collateralized mortgage obligations - 59 198 - 257 Mortgage-backed securities - 22,559 - - 22,559 Other - - 280 - 280 Total trading account debt securities, excluding derivatives $ 6,530 $ 22,703 $ 478 $ - $ 29,711 Equity securities $ - $ 32,429 $ - $ 77 $ 32,506 Mortgage servicing rights - - 121,570 - 121,570 Derivatives - 26,093 - - 26,093 Total assets measured at fair value on a recurring basis $ 6,530 $ 25,048,668 $ 122,874 $ 77 $ 25,178,149 Liabilities Derivatives $ - $ ( 22,878) $ - $ - $ ( 22,878) Contingent consideration - - ( 9,241) - ( 9,241) Total liabilities measured at fair value on a recurring basis $ - $ ( 22,878) $ ( 9,241) $ - $ ( 32,119) The fair value information included in the following tables is not as of period end, but as of the date that the fair value measurement was recorded during the quarters and nine months ended September 30, 2022 and 2021 and excludes nonrecurring fair value measurements of assets no longer outstanding as of the reporting date. Nine months ended September 30, 2022 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 9,933 $ 9,933 $ ( 9,580) Loans held-for-sale [2] - - 8,080 8,080 ( 224) Other real estate owned [3] - - 3,067 3,067 ( 940) Other foreclosed assets [3] - - 30 30 ( 1) Long-lived assets held-for-sale [4] - - 686 686 ( 688) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 21,796 $ 21,796 $ ( 11,433) [1] Relates mainly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Relates to a quarterly valuation on loans held-for-sale. Costs to sell are excluded from the reported fair value amount. [3] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. [4] Represents the fair value of long-lived assets held-for-sale that were written down to their fair value. Nine months ended September 30, 2021 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 22,700 $ 22,700 $ ( 4,775) Other real estate owned [2] - - 6,540 6,540 ( 1,583) Long-lived assets held-for-sale [3] - - 2,728 2,728 ( 303) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 31,968 $ 31,968 $ ( 6,661) [1] Relates mainly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. [3] Represents the fair value of long-lived assets held-for-sale that were written down to their fair value. The following tables present the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the quarters and nine months ended September 30, 2022 and 2021 . Quarter ended September 30, 2022 MBS Other CMOs Other classified securities classified securities as debt classified as as trading classified securities debt securities account as trading Mortgage available- available- debt account debt servicing Total Contingent Total (In thousands) for-sale for-sale securities securities rights assets consideration liabilities Balance at June 30, 2022 $ 779 $ 500 $ 152 $ 264 $ 129,877 $ 131,572 $ ( 9,241) $ ( 9,241) Gains (losses) included in earnings - - ( 1) ( 9) ( 499) ( 509) 9,241 9,241 Gains (losses) included in OCI ( 18) - - - - ( 18) - - Additions - 500 3 - 1,163 1,666 - - Settlements ( 50) - ( 19) - - ( 69) - - Balance at September 30, 2022 $ 711 $ 1,000 $ 135 $ 255 $ 130,541 $ 132,642 $ - $ - Changes in unrealized gains (losses) included in earnings relating to assets still held at September 30, 2022 $ - $ - $ ( 1) $ 7 $ 1,984 $ 1,990 $ - $ - Nine months ended September 30, 2022 MBS Other Other classified securities CMOs securities as investment classified as classified classified securities debt securities as trading as trading Mortgage available- available- account account servicing Total Contingent Total (In thousands) for-sale for-sale securities securities rights assets consideration liabilities Balance at January 1, 2022 $ 826 $ - $ 198 $ 280 $ 121,570 $ 122,874 $ ( 9,241) $ ( 9,241) Gains (losses) included in earnings - - ( 2) ( 25) 2,776 2,749 9,241 9,241 Gains (losses) included in OCI ( 15) - - - - ( 15) - - Additions - 1,000 5 - 6,195 7,200 - - Settlements ( 100) - ( 66) - - ( 166) - - Balance at September 30, 2022 $ 711 $ 1,000 $ 135 $ 255 $ 130,541 $ 132,642 $ - $ - Changes in unrealized gains (losses) included in earnings relating to assets still held at September 30, 2022 $ - $ - $ ( 2) $ 14 $ 11,556 $ 11,568 $ - $ - Quarter ended September 30, 2021 MBS Other classified CMOs securities as investment classified classified securities as trading as trading Mortgage available- account account servicing Total (In thousands) for-sale securities securities rights assets Balance at June 30, 2021 $ 938 $ 250 $ 361 $ 119,467 $ 121,016 Gains (losses) included in earnings - - ( 9) ( 5,979) ( 5,988) Gains (losses) included in OCI ( 5) - - - ( 5) Additions - 4 - 3,079 3,083 Settlements ( 50) ( 34) - - ( 84) Balance at September 30, 2021 $ 883 $ 220 $ 352 $ 116,567 $ 118,022 Changes in unrealized gains (losses) included in earnings relating to assets still held at September 30, 2021 $ - $ - $ 4 $ ( 1,912) $ ( 1,908) Nine months ended September 30, 2021 MBS Other classified CMOs securities as investment classified classified securities as trading as trading Mortgage available- account account servicing Total (In thousands) for-sale securities securities rights assets Balance at January 1, 2021 $ 1,014 $ 278 $ 381 $ 118,395 $ 120,068 Gains (losses) included in earnings - - ( 29) ( 11,716) ( 11,745) Gains (losses) included in OCI ( 6) - - - ( 6) Additions - 28 - 9,888 9,916 Settlements ( 125) ( 86) - - ( 211) Balance at September 30, 2021 $ 883 $ 220 $ 352 $ 116,567 $ 118,022 Changes in unrealized gains (losses) included in earnings relating to assets still held at September 30, 2021 $ - $ ( 1) $ 13 $ 1,214 $ 1,226 Gains and losses (realized and unrealized) included in earnings for the quarters and nine months ended September 30, 2022 and 2021 for Level 3 assets and liabilities included in the previous tables are reported in the consolidated statement of operations as follows: Quarter ended September 30, 2022 Nine months ended September 30, 2022 Changes in unrealized Changes in unrealized Total gains gains (losses) relating to Total gains gains (losses) relating to (losses) included assets still held at (losses) included assets still held at (In thousands) in earnings reporting date in earnings reporting date Mortgage banking activities $ ( 499) $ 1,984 $ 2,776 $ 11,556 Trading account profit (loss) ( 10) 6 ( 27) 12 Other operating income 9,241 - 9,241 - Total $ 8,732 $ 1,990 $ 11,990 $ 11,568 Quarter ended September 30, 2021 Nine months ended September 30, 2021 Changes in unrealized Changes in unrealized Total gains gains (losses) relating to Total gains gains (losses) relating to (losses) included assets still held at (losses) included assets still held at (In thousands) in earnings reporting date in earnings reporting date Mortgage banking activities $ ( 5,979) $ ( 1,912) $ ( 11,716) $ 1,214 Trading account profit (loss) ( 9) 4 ( 29) 12 Total $ ( 5,988) $ ( 1,908) $ ( 11,745) $ 1,226 The following tables include quantitative information about significant unobservable inputs used to derive the fair value of Level 3 instruments, excluding those instruments for which the unobservable inputs were not developed by the Corporation such as prices of prior transactions and/or unadjusted third-party pricing sources at September 30, 2022 and 2021. Fair value at September 30, (In thousands) 2022 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 135 Discounted cash flow model Weighted average life 0.5 years ( 0.2 - 0.7 years) Yield 4.9% ( 4.9% - 5.4%) Prepayment speed 10.7% ( 10.1% - 18.5%) Other - trading $ 255 Discounted cash flow model Weighted average life 2.9 years Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 4,473 [2] External appraisal Haircut applied on external appraisals 16.1% ( 5.0% - 25.0%) Other real estate owned $ 289 [3] External appraisal Haircut applied on external appraisals 27% ( 5.0% - 35%) [1] Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table. [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table. Fair value at September 30, (In thousands) 2021 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 220 Discounted cash flow model Weighted average life 0.9 years ( 0.1 - 1.1 years) Yield 3.6% ( 3.6% - 4.1%) Prepayment speed 11.4% ( 10.1% - 16.7%) Other - trading $ 352 Discounted cash flow model Weighted average life 3.6 years Yield 12.0% Prepayment speed 10.8% Mortgage servicing rights $ 116,567 Discounted cash flow model Prepayment speed 6.2% ( 0.3% - 34.2%) Weighted average life 6.1 years ( 0.1 - 13.1 years) Discount rate 11.1% ( 9.5% - 14.7%) Loans held-in-portfolio $ 21,715 [2] External appraisal Haircut applied on external appraisals 11% ( 10.0% - 30.5%) Other real estate owned $ 4,099 [3] External appraisal Haircut applied on external appraisals 22.3% ( 5.0% - 35.0%) [1] Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table. [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table. Effective the fourth quarter 2021, the mortgage servicing rights fair value was provided by a third-party valuation specialist. Refer to Note 11 to the Consolidated Financial Statements for additional information on MSRs. The significant unobservable inputs used in the fair value measurement of the Corporation’s collateralized mortgage obligations and interest-only collateralized mortgage obligation (reported as “other”), which are classified in the “trading” category, are yield, constant prepayment rate, and weighted average life. S ignificant increases (decreases) in any of those inputs in isolation would result in significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the constant prepayment rate will generate a directionally opposite change in the weighted average life. For example, as the average life is reduced by a higher constant prepayment rate, a lower yield will be realized, and when there is a reduction in the constant prepayment rate, the average life of these collateralized mortgage obligations will extend, thus resulting in a higher yield. The significant unobservable inputs used in the fair value measurement of the Corporation’s mortgage servicing rights are constant prepayment rates and discount rates. Increases in interest rates may result in lower prepayments. Discount rates vary according to products and / or portfolios depending on the perceived risk. Increases in discount rates result in a lower fair value measurement

Fair value of financial instrum

Fair value of financial instruments	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures
Fair Value of Financial Instruments	Note 25 – Fair value of financial instruments The fair value of financial instruments is the amount at which an asset or obligation could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. For those financial instruments with no quoted market prices available, fair values have been estimated using present value calculations or other valuation techniques, as well as management’s best judgment with respect to current economic conditions, including discount rates, estimates of future cash flows, and prepayment assumptions. Many of these estimates involve various assumptions and may vary significantly from amounts that could be realized in actual transactions. The fair values reflected herein have been determined based on the prevailing rate environment at September 30, 2022 and December 31, 2021, as applicable. In different interest rate environments, fair value estimates can differ significantly, especially for certain fixed rate financial instruments. In addition, the fair values presented do not attempt to estimate the value of the Corporation’s fee generating businesses and anticipated future business activities, that is, they do not represent the Corporation’s value as a going concern. There have been no changes in the Corporation’s valuation methodologies and inputs used to estimate the fair values for each class of financial assets and liabilities not measured at fair value. The following tables present the carrying amount and estimated fair values of financial instruments with their corresponding level in the fair value hierarchy. The aggregate fair value amounts of the financial instruments disclosed do not represent management’s estimate of the underlying value of the Corporation. September 30, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 2,017,312 $ 2,017,312 $ - $ - $ - $ 2,017,312 Money market investments 3,975,048 3,967,849 7,199 - - 3,975,048 Trading account debt securities, excluding derivatives [1] 30,271 15,711 14,170 390 - 30,271 Debt securities available-for-sale [1] 28,264,148 5,450,397 22,812,040 1,711 - 28,264,148 Debt securities held-to-maturity: U.S. Treasury securities $ 1,881,547 $ - $ 1,829,680 $ - $ - $ 1,829,680 Obligations of Puerto Rico, States and political subdivisions 58,969 - - 61,894 - 61,894 Collateralized mortgage obligation-federal agency 24 - - 24 - 24 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities held-to-maturity $ 1,946,500 $ - $ 1,835,640 $ 61,918 $ - $ 1,897,558 Equity securities: FHLB stock $ 60,844 $ - $ 60,844 $ - $ - $ 60,844 FRB stock 94,870 - 94,870 - - 94,870 Other investments 30,209 - 26,723 3,969 331 31,023 Total equity securities $ 185,923 $ - $ 182,437 $ 3,969 $ 331 $ 186,737 Loans held-for-sale $ 8,065 $ - $ - $ 8,065 $ - $ 8,065 Loans held-in-portfolio 30,820,092 - - 29,308,370 - 29,308,370 Mortgage servicing rights 130,541 - - 130,541 - 130,541 Derivatives 16,653 - 16,653 - - 16,653 September 30, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 57,890,036 $ - $ 57,890,036 $ - $ - $ 57,890,036 Time deposits 6,929,291 - 6,553,096 - - 6,553,096 Total deposits $ 64,819,327 $ - $ 64,443,132 $ - $ - $ 64,443,132 Assets sold under agreements to repurchase $ 162,450 $ - $ 162,380 $ - $ - $ 162,380 Other short-term borrowings [2] 250,000 - 250,000 - - 250,000 Notes payable: FHLB advances $ 391,429 $ - $ 362,885 $ - $ - $ 362,885 Unsecured senior debt securities 298,793 - 304,080 - - 304,080 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,312 - 181,574 - - 181,574 Total notes payable $ 888,534 $ - $ 848,539 $ - $ - $ 848,539 Derivatives $ 14,776 $ - $ 14,776 $ - $ - $ 14,776 [1] Refer to Note 24 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level. [2] Refer to Note 16 to the Consolidated Financial Statements for the composition of other short-term borrowings. December 31, 2021 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 428,433 $ 428,433 $ - $ - $ - $ 428,433 Money market investments 17,536,719 17,530,640 6,079 - - 17,536,719 Trading account debt securities, excluding derivatives [1] 29,711 6,530 22,703 478 - 29,711 Debt securities available-for-sale [1] 24,968,269 - 24,967,443 826 - 24,968,269 Debt securities held-to-maturity: Obligations of Puerto Rico, States and political subdivisions $ 65,380 $ - $ - $ 77,383 $ - $ 77,383 Collateralized mortgage obligation-federal agency 25 - - 25 - 25 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities held-to-maturity $ 71,365 $ - $ 5,960 $ 77,408 $ - $ 83,368 Equity securities: FHLB stock $ 59,918 $ - $ 59,918 $ - $ - $ 59,918 FRB stock 96,217 - 96,217 - - 96,217 Other investments 33,842 - 32,429 3,704 77 36,210 Total equity securities $ 189,977 $ - $ 188,564 $ 3,704 $ 77 $ 192,345 Loans held-for-sale $ 59,168 $ - $ - $ 59,885 $ - $ 59,885 Loans held-in-portfolio 28,545,191 - - 27,489,583 - 27,489,583 Mortgage servicing rights 121,570 - - 121,570 - 121,570 Derivatives 26,093 - 26,093 - - 26,093 December 31, 2021 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 60,292,939 $ - $ 60,292,939 $ - $ - $ 60,292,939 Time deposits 6,712,149 - 6,647,301 - - 6,647,301 Total deposits $ 67,005,088 $ - $ 66,940,240 $ - $ - $ 66,940,240 Assets sold under agreements to repurchase $ 91,603 $ - $ 91,602 $ - $ - $ 91,602 Other short-term borrowings [2] 75,000 - 75,000 - - 75,000 Notes payable: FHLB advances $ 492,429 $ - $ 496,091 $ - $ - $ 496,091 Unsecured senior debt securities 297,842 - 319,296 - - 319,296 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,292 - 201,879 - - 201,879 Total notes payable $ 988,563 $ - $ 1,017,266 $ - $ - $ 1,017,266 Derivatives $ 22,878 $ - $ 22,878 $ - $ - $ 22,878 Contingent consideration $ 9,241 $ - $ - $ 9,241 $ - $ 9,241 [1] Refer to Note 24 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level. [2] Refer to Note 16 to the Consolidated Financial Statements for the composition of other short-term borrowings. The notional amount of commitments to extend credit at September 30, 2022 and December 31, 2021 is $ 10.3 billion and $ 9.5 billion, respectively, and represents the unused portion of credit facilities granted to customers. The notional amount of letters of credit at September 30, 2022 and December 31, 2021 is $ 24 million and $ 31 million respectively, and represents the contractual amount that is required to be paid in the event of nonperformance. The fair value of commitments to extend credit and letters of credit, which are based on the fees charged to enter into those agreements, are not material to Popular’s financial statements.

Net income per common share

Net income per common share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share
Net Income (Loss) Per Common Share	Note 26 – Net income per common share The following table sets forth the computation of net income per common share (“EPS”), basic and diluted, for the quarters and nine months ended September 30, 2022 and 2021: Quarters ended September 30, Nine months ended September 30, (In thousands, except per share information) 2022 2021 2022 2021 Net income $ 422,395 $ 248,114 $ 845,502 $ 728,825 Preferred stock dividends ( 353) ( 353) ( 1,059) ( 1,059) Net income applicable to common stock $ 422,042 $ 247,761 $ 844,443 $ 727,766 Average common shares outstanding 73,955,184 80,126,166 76,173,783 81,864,634 Average potential dilutive common shares 102,148 148,776 130,436 149,479 Average common shares outstanding - assuming dilution 74,057,332 80,274,942 76,304,219 82,014,113 Basic EPS $ 5.71 $ 3.09 $ 11.09 $ 8.89 Diluted EPS $ 5.70 $ 3.09 $ 11.07 $ 8.87 As disclosed in Note 18 to the Consolidated Financial Statements, as of September 30, 2022, the Corporation completed its previously announced $ 400 million accelerated share repurchase transaction (the “March ASR Agreement”) and, in connection therewith, received an initial delivery of 3,483,942 shares of common stock during the first quarter of 2022 and 1,582,922 additional shares of common stock during the third quarter of 2022. The final number of shares delivered was based in the average daily volume weighted average price (“VWAP”) of its common stock, net of discount, during the term of the March ASR Agreement, which amounted to $ 78.94. On August 2022, the Corporation entered into a $ 231 million accelerated share repurchase transaction (the “August ASR Agreement”) and, in connection therewith, received an initial delivery of 2,339,241 shares of common stock. The initial share delivery was accounted for as a treasury stock transaction. As part of this transaction, the Corporation entered into a forward contract, which remained outstanding as of September 30, 2022, for which the Corporation expected to receive additional shares upon the termination of the August ASR Agreement. The dilutive EPS computation excludes 699,181 shares that at September 30, 2022 were estimated to be received under the August ASR Agreement since the effect would be antidilutive. For the quarters and nine months ended September 30, 2022 and 2021, the Corporation calculated the impact of potential dilutive common shares under the treasury stock method, consistent with the method used for the preparation of the financial statements for the year ended December 31, 2021. For a discussion of the calculation under the treasury stock method, refer to Note 31 of the Consolidated Financial Statements included in the 2021 Form 10-K.

Revenue from contract with cust

Revenue from contract with customers	9 Months Ended
	Sep. 30, 2022
Revenue From Contract With Customer Abstract
Revenue From Contract With Customer Text Block	Note 27 – 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, 2022 and 2021 Quarter ended September 30, Nine months ended September 30, (In thousands) 2022 2022 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 37,047 $ 2,959 $ 114,025 $ 8,503 Other service fees: Debit card fees 11,912 221 36,134 660 Insurance fees, excluding reinsurance 9,985 1,210 30,005 3,906 Credit card fees, excluding late fees and membership fees 34,369 313 99,376 948 Sale and administration of investment products 5,952 - 17,760 - Trust fees 5,680 - 18,187 - Total revenue from contracts with customers [1] $ 104,945 $ 4,703 $ 315,487 $ 14,017 [1] The amounts include intersegment transactions of $ ( 0.6) million and $ 4.4 million, respectively, for the quarter and nine months ended September 30, 2022. Quarter ended September 30, Nine months ended September 30, (In thousands) 2021 2021 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 38,496 $ 2,816 $ 112,732 $ 8,353 Other service fees: Debit card fees 11,967 243 35,522 723 Insurance fees, excluding reinsurance 9,416 1,054 27,489 2,483 Credit card fees, excluding late fees and membership fees 30,076 274 85,203 788 Sale and administration of investment products 6,216 - 17,726 - Trust fees 6,574 - 18,878 - Total revenue from contracts with customers [1] $ 102,745 $ 4,387 $ 297,550 $ 12,347 [1] The amounts include intersegment transactions of $ 0.3 million and $ 2.6 million, respectively, for the quarter and nine months ended September 30, 2021. 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. A service is transferred to the customer when, or as, the customer obtains control of that service. A performance obligation may be satisfied over time or at a point in time. Revenue from a performance obligation satisfied over time is recognized based on the services that have been rendered to date. Revenue from a performance obligation satisfied at a point in time is recognized when the customer obtains control over the service. The transaction price, or the amount of revenue recognized, reflects the consideration the Corporation expects to be entitled to in exchange for those promised services. In determining the transaction price, the Corporation considers the effects of variable consideration. Variable consideration is included in the transaction price only to the extent it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur. The Corporation is the principal in a transaction if it obtains control of the specified goods or services before they are transferred to the customer. If the Corporation acts as principal, revenues are presented in the gross amount of consideration to which it expects to be entitled and are not netted with any related expenses. On the other hand, the Corporation is an agent if it does not control the specified goods or services before they are transferred to the customer. If the Corporation acts as an agent, revenues are presented in the amount of consideration to which it expects to be entitled, net of related expenses. Following is a description of the nature and timing of revenue streams from contracts with customers: Service charges on deposit accounts Service charges on deposit accounts are earned on retail and commercial deposit activities and include, but are not limited to, nonsufficient fund fees, overdraft fees and checks stop payment fees. These transaction-based fees are recognized at a point in time, upon occurrence of an activity or event or upon the occurrence of a condition which triggers the fee assessment. The Corporation is acting as principal in these transactions. Debit card fees Debit card fees include, but are not limited to, interchange fees, surcharging income and foreign transaction fees. These transaction-based fees are recognized at a point in time, upon occurrence of an activity or event or upon the occurrence of a condition which triggers the fee assessment. Interchange fees are recognized upon settlement of the debit card payment transactions. The Corporation is acting as principal in these transactions. Insurance fees Insurance fees include, but are not limited to, commissions and contingent commissions. Commissions and fees are recognized when related policies are effective since the Corporation does not have an enforceable right to payment for services completed to date. An allowance is created for expected adjustments to commissions earned related to policy cancellations. Contingent commissions are recorded on an accrual basis when the amount to be received is notified by the insurance company. The Corporation is acting as an agent since it arranges for the sale of the policies and receives commissions if, and when, it achieves the sale. Credit card fees Credit card fees include, but are not limited to, interchange fees, additional card fees, cash advance fees, balance transfer fees, foreign transaction fees, and returned payments fees. Credit card fees are recognized at a point in time, upon the occurrence of an activity or an event. Interchange fees are recognized upon settlement of the credit card payment transactions. The Corporation is acting as principal in these transactions. Sale and administration of investment products Fees from the sale and administration of investment products include, but are not limited to, commission income from the sale of investment products, asset management fees, underwriting fees, and mutual fund fees. Commission income from investment products is recognized on the trade date since clearing, trade execution, and custody services are satisfied when the customer acquires or disposes of the rights to obtain the economic benefits of the investment products and brokerage contracts have no fixed duration and are terminable at will by either party. The Corporation is acting as principal in these transactions since it performs the service of providing the customer with the ability to acquire or dispose of the rights to obtain the economic benefits of investment products. Asset management fees are satisfied over time and are recognized in arrears. At contract inception, the estimate of the asset management fee is constrained from the inclusion in the transaction price since the promised consideration is dependent on the market and thus is highly susceptible to factors outside the manager’s influence. As advisor, the broker-dealer subsidiary is acting as principal. Underwriting fees are recognized at a point in time, when the investment products are sold in the open market at a markup. When the broker-dealer subsidiary is lead underwriter, it is acting as an agent. In turn, when it is a participating underwriter, it is acting as principal. Mutual fund fees, such as distribution fees, are considered variable consideration and are recognized over time, as the uncertainty of the fees to be received is resolved as NAV is determined and investor activity occurs. The promise to provide distribution-related services is considered a single performance obligation as it requires the provision of a series of distinct services that are substantially the same and have the same pattern of transfer. When the broker-dealer subsidiary is acting as a distributor, it is acting as principal. In turn, when it acts as third-party dealer, it is acting as an agent. Trust fees Trust fees are recognized from retirement plan, mutual fund administration, investment management, trustee, escrow, and custody and safekeeping services. These asset management services are considered a single performance obligation as it requires the provision of a series of distinct services that are substantially the same and have the same pattern of transfer. The performance obligation is satisfied over time, except for optional services and certain other services that are satisfied at a point in time. Revenues are recognized in arrears, when, or as, the services are rendered. The Corporation is acting as principal since, as asset manager, it has the obligation to provide the specified service to the customer and has the ultimate discretion in establishing the fee paid by the customer for the specified services.

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	Note 28 – Leases The Corporation enters in the ordinary course of business into operating and finance leases for land, buildings and equipment. These contracts generally do not include purchase options or residual value guarantees. The remaining lease terms of 0.1 to 31.3 years considers options to extend the leases for up to 20.0 years. The Corporation identifies leases when it has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. The Corporation recognizes right-of-use assets (“ROU assets”) and lease liabilities related to operating and finance leases in its Consolidated Statements of Financial Condition under the caption of other assets and other liabilities, respectively. Refer to Note 13 and Note 17 to the Consolidated Financial Statements, respectively, for information on the balances of these lease assets and liabilities. The Corporation uses the incremental borrowing rate for purposes of discounting lease payments for operating and finance leases, since it does not have enough information to determine the rates implicit in the leases. The discount rates are based on fixed-rate and fully amortizing borrowing facilities of its banking subsidiaries that are collateralized. For leases held by non-banking subsidiaries, a credit spread is added to this rate based on financing transactions with a similar credit risk profile. The following table presents the undiscounted cash flows of operating and finance leases for each of the following periods: September 30, 2022 (In thousands) Remaining 2022 2023 2024 2025 2026 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 7,345 $ 27,970 $ 26,509 $ 23,586 $ 15,187 $ 47,606 $ 148,203 $ ( 16,781) $ 131,422 Finance Leases 1,047 4,225 4,323 4,434 4,084 9,995 28,108 ( 3,416) 24,692 The following table presents the lease cost recognized by the Corporation in the Consolidated Statements of Operations as follows: Quarters ended September 30, Nine months ended September 30, (In thousands) 2022 2021 2022 2021 Finance lease cost: Amortization of ROU assets $ 643 $ 475 $ 2,088 $ 1,531 Interest on lease liabilities 261 257 848 795 Operating lease cost 7,498 7,800 22,785 22,005 Short-term lease cost 231 174 399 349 Variable lease cost 33 20 86 70 Sublease income ( 9) ( 19) ( 28) ( 57) Net gain recognized from sale and leaseback transactions [1] - ( 7,007) - ( 7,007) Total lease cost [2] $ 8,657 $ 1,700 $ 26,178 $ 17,686 [1] During the quarter ended September 30, 2021, the Corporation recognized the transfer of two corporate office buildings as a sale. Since these sale and partial leaseback transactions were considered to be at fair value, no portion of the gain on sale was deferred. [2] Total lease cost is recognized as part of net occupancy expense, except for the net gain recognized from sale and leaseback transactions which was included as part of other operating income. The following table presents supplemental cash flow information and other related information related to operating and finance leases. Nine months ended September 30, (Dollars in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases [1] $ 22,389 $ 30,282 Operating cash flows from finance leases 848 795 Financing cash flows from finance leases [1] 2,363 2,262 ROU assets obtained in exchange for new lease obligations: Operating leases [2] $ 1,937 $ 22,352 Finance leases 556 - Weighted-average remaining lease term: Operating leases 7.4 years 7.9 years Finance leases 8.4 years 8.5 years Weighted-average discount rate: Operating leases 2.8 % 2.8 % Finance leases 4.3 % 5.0 % [1] During the quarter ended March 31, 2021, the Corporation made base lease termination payments amounting to $ 7.8 million in connection with the closure of nine branches as a result of the strategic realignment of PB’s New York Metro branch network. [2] During the quarter ended September 30, 2021, the Corporation recognized a lease liability of $ 16.8 million and a corresponding ROU asset for the same amount as a result of the partial leaseback of two corporate office buildings. As of September 30, 2022, the Corporation has additional operating and finance leases contracts that have not yet commenced with an undiscounted contract amount of $ 17.1 million and $ 2.2 million, respectively, which will have lease terms ranging from 10 to 20 years.

Pension and postretirement bene

Pension and postretirement benefits	9 Months Ended
	Sep. 30, 2022
Employee benefits
Pension and postretirement benefits	Note 29 – Pension and postretirement benefits The Corporation has a non-contributory defined benefit pension plan and supplementary pension benefit restoration plans for regular employees of certain of its subsidiaries (the “Pension Plans”). The accrual of benefits under the Pension Plans is frozen to all participants. The Corporation also provides certain postretirement health care benefits for retired employees of certain subsidiaries (the “OPEB Plan”). The components of net periodic cost for the Pension Plans and the OPEB Plan for the periods presented were as follows: Pension Plans OPEB Plan Quarters ended September 30, Quarters ended September 30, (In thousands) 2022 2021 2022 2021 Personnel Cost: Service cost $ - $ - $ 121 $ 160 Other operating expenses: Interest cost 4,800 3,998 983 893 Expected return on plan assets ( 8,847) ( 9,670) - - Amortization of prior service cost/(credit) - - - - Amortization of net loss 3,911 4,719 - 468 Total net periodic pension cost $ ( 136) $ ( 953) $ 1,104 $ 1,521 Pension Plans OPEB Plan Nine months ended September 30, Nine months ended September 30, (In thousands) 2022 2021 2022 2021 Personnel Cost: Service cost $ - $ - $ 364 $ 480 Other operating expenses: Interest cost 14,399 11,994 2,948 2,679 Expected return on plan assets ( 26,541) ( 29,011) - - Amortization prior service cost/(credit) - - - - Amortization of net loss 11,733 14,159 - 1,407 Total net periodic pension cost $ ( 409) $ ( 2,858) $ 3,312 $ 4,566 The Corporation paid the following contributions to the plans for the nine months ended September 30, 2022 and expects to pay the following contributions for the year ending December 31, 2022. For the nine months ended For the year ending (In thousands) September 30, 2022 December 31, 2022 Pension Plans $ 170 $ 227 OPEB Plan $ 5,046 $ 5,971

Stock-based compensation

Stock-based compensation	9 Months Ended
	Sep. 30, 2022
Disclosure of compensation related costs sharebased payments [Abstract]
Stock-based Compensation	Note 30 - Stock-based compensation Incentive Plan On May 12, 2020, the shareholders of the Corporation approved the Popular, Inc. 2020 Omnibus Incentive Plan, which permits the Corporation to issue several types of stock-based compensation to employees and directors of the Corporation and/or any of its subsidiaries (the “2020 Incentive Plan”). The 2020 Incentive Plan replaced the Popular, Inc. 2004 Omnibus Incentive Plan, which was in effect prior to the adoption of the 2020 Incentive Plan (the “2004 Incentive Plan” and, together with the 2020 Incentive Plan, the “Incentive Plan”). Participants under the Incentive Plan are designated by the Talent and Compensation Committee of the Board of Directors (or its delegate, as determined by the Board). Under the Incentive Plan, the Corporation has issued restricted stock and performance shares to its employees and restricted stock and restricted stock units (“RSUs”) to its directors. The restricted stock granted under the Incentive Plan to employees becomes vested based on the employees’ continued service with Popular. Unless otherwise stated in an agreement, the compensation cost associated with the shares of restricted stock granted prior to 2021 was determined based on a two-prong vesting schedule. The first part is vested ratably over five or four years commencing at the date of grant (“the graduated vesting portion”) and the second part is vested at termination of employment after attainment of 55 years of age and 10 years of service or 60 years of age and 5 years of service (“the retirement vesting portion”). The graduated vesting portion is accelerated at termination of employment after attaining 55 years of age and 10 years of service or 60 years of age and 5 years of service. Restricted stock granted on or after 2021 will vest ratably in equal annual installments over a period of 4 years or 3 years, depending on the classification of the employee The vesting schedule is accelerated at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. The performance share awards granted under the Incentive Plan consist of the opportunity to receive shares of Popular, Inc.’s common stock provided that the Corporation achieves certain goals during a three-year performance cycle. The goals will be based on two metrics weighted equally: the Relative Total Shareholder Return (“TSR”) and, depending on the date of the grant, the Absolute Return on Average Assets (“ROA”) goal or the Absolute Return on Average Tangible common Equity (“ROATCE”) goal. The TSR metric is considered to be a market condition under ASC 718. For equity settled awards based on a market condition, the fair value is determined as of the grant date and is not subsequently revised based on actual performance. The ROA and ROATCE metrics are considered to be a performance condition under ASC 718. The fair value is determined based on the probability of achieving the ROA or ROATCE goal as of each reporting period. The TSR and ROA or ROATCE metrics are equally weighted and work independently. The number of shares that will ultimately vest ranges from 50% to a 150% of target based on both market (TSR) and performance (ROA and ROATCE) conditions. The performance shares vest at the end of the three-year performance cycle. If a participant terminates employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service, the performance shares shall continue outstanding and vest at the end of the performance cycle. The following table summarizes the restricted stock and performance shares activity under the Incentive Plan for members of management. (Not in thousands) Shares Weighted-Average Grant Date Fair Value Non-vested at December 31, 2020 358,512 $ 41.23 Granted 191,479 69.38 Performance Shares Quantity Adjustment 54,306 54.21 Vested ( 273,974) 55.11 Forfeited ( 8,440) 43.48 Non-vested at December 31, 2021 321,883 $ 47.98 Granted 194,791 84.29 Performance Shares Quantity Adjustment 9,255 55.51 Vested ( 234,482) 67.22 Forfeited ( 1,625) 78.86 Non-vested at September 30, 2022 289,822 $ 56.93 During the quarter ended September 30, 2022, 1,888 shares of restricted stock (September 30, 2021 – 0) were awarded to management under the Incentive Plan. During the quarters ended September 30, 2022 and 2021, no performance shares were awarded to management under the Incentive Plan. For the nine months ended September 30, 2022, 137,934 shares of restricted stock (September 30, 2021 – 120,105) and 56,857 performance shares ( September 30, 2021 - 71,374) were awarded to management under the Incentive Plan. During the quarter ended September 30, 2022, the Corporation recognized $ 1.5 million of restricted stock expense related to management incentive awards, with a tax benefit of $ 0.3 million (September 30, 2021 - $ 1.3 million, with a tax benefit of $ 0.3 million). For the nine months ended September 30, 2022, the Corporation recognized $ 8.9 million of restricted stock expense related to management incentive awards, with a tax benefit of $ 1.5 million (September 30, 2021 - $ 7.5 million, with a tax benefit of $ 1.4 million). For the nine months ended September 30, 2022, the fair market value of the restricted stock and performance shares vested was $ 12.2 million at grant date and $ 20.7 million at vesting date. This differential triggers a windfall of $ 3.1 million that was recorded as a reduction on income tax expense. During the quarter ended September 30, 2022 the Corporation recognized $ 0.3 million of performance shares expense, with a tax benefit of $ 13 thousand (September 30, 2021 - $ 0.3 million, with a tax benefit of $ 12 thousand) . For the nine months ended September 30, 2022, the Corporation recognized $ 4.3 million of performance shares expense, with a tax benefit of $ 0.3 million (September 30, 2021 - $ 4.9 million, with a tax benefit of $ 0.5 million) . The total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management at September 30, 2022 was $ 11.5 million and is expected to be recognized over a weighted-average period of 1.9 years. The following table summarizes the restricted stock activity under the Incentive Plan for members of the Board of Directors: (Not in thousands) Restricted Stock units Weighted-Average Grant Date Fair Value per Unit Non-vested at December 31, 2020 $ - $ - Granted 20,638 78.20 Vested ( 20,638) 78.20 Forfeited - - Non-vested at December 31, 2021 $ - $ - Granted 24,409 77.62 Vested ( 24,409) 77.62 Forfeited - - Non-vested at September 30, 2022 $ - $ - The equity awards granted to members of the Board of Directors of Popular, Inc. (the “Directors”) will vest and become non-forfeitable on the grant date of such award. Effective in May 2019, all equity awards granted to the Directors may be paid in either restricted stock or RSUs at each Directors election. If RSUs are elected, the Directors may defer the delivery of the shares of common stock underlying the RSUs award until their retirement. To the extent that cash dividends are paid on the Corporation’s outstanding common stock, the Directors will receive an additional number of RSUs that reflect a reinvested dividend equivalent. For 2022, 2021 and 2020, all Directors elected RSUs. During the quarter ended September 30, 2022, 857 RSUs were granted to the Directors (September 30, 2021 - 545) and the Corporation recognized expense related to these RSUs of $ 0.1 million with a tax benefit of $ 25 thousand (September 30, 2021 - $ 42 thousand with a tax benefit of $ 8 thousand). For the nine months ended September 30, 2022, the Corporation granted 24,409 RSUs to the Directors (September 30, 2021 - 20,079) and the Corporation recognized $ 1.9 million of expense related to these RSUs, with a tax benefit of $ 0.4 million, (September 30, 2021 - $ 1.9 million, with a tax benefit of $ 0.3 million). The fair value at vesting date of the RSU vested during the nine months ended September 30, 2022 for the Directors was $ 1.9 million.

Income taxes

Income taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure
Income Taxes	Note 31 – Income taxes The reason for the difference between the income tax expense applicable to income before provision for income taxes and the amount computed by applying the statutory tax rate in Puerto Rico, were as follows: Quarters ended September 30, 2022 September 30, 2021 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 183,893 38 % $ 124,370 38 % Net benefit of tax exempt interest income ( 45,499) ( 9) ( 34,294) ( 10) Deferred tax asset valuation allowance 3,724 1 3,529 1 Difference in tax rates due to multiple jurisdictions ( 7,147) ( 2) ( 9,600) ( 3) Effect of income subject to preferential tax rate ( 109,588) ( 22) ( 5,441) ( 2) Unrecognized tax benefits ( 1,503) - ( 5,484) ( 2) Adjustment due to estimate on the annual effective rate 10,096 2 4,001 1 State and local taxes 3,726 1 6,352 2 Others 30,284 6 109 - Income tax expense $ 67,986 14 % $ 83,542 25 % Nine months ended September 30, 2022 September 30, 2021 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 385,567 38 % $ 360,859 38 % Net benefit of tax exempt interest income ( 123,324) ( 12) ( 105,297) ( 11) Deferred tax asset valuation allowance 9,662 1 19,682 2 Difference in tax rates due to multiple jurisdictions ( 20,457) ( 2) ( 25,429) ( 3) Effect of income subject to preferential tax rate ( 116,630) ( 11) ( 10,175) ( 1) Adjustment due to estimate on the annual effective rate 10,655 1 ( 6,732) ( 1) Unrecognized tax benefits ( 1,503) - ( 5,484) ( 1) State and local taxes 10,957 1 8,943 1 Others 27,750 3 ( 2,901) - Income tax expense $ 182,677 18 % $ 233,466 24 % For the quarter and nine months ended September 30, 2022, the Corporation recorded an income tax expense of $ 68.0 million and $ 182.7 million, respectively, compared to $ 83.5 million and $ 233.5 million for the respective periods of 2021. The decrease in income tax expense was primarily due to the effect of income subject to preferential tax rates mainly attributed to the gain from the sale of Evertec shares in connection with the Evertec Transactions and to higher tax exempt income for the quarter and nine months ended September 30, 2022. The following table presents a breakdown of the significant components of the Corporation’s deferred tax assets and liabilities. September 30, 2022 (In thousands) PR US Total Deferred tax assets: Tax credits available for carryforward $ 261 $ 2,781 $ 3,042 Net operating loss and other carryforward available 121,840 640,545 762,385 Postretirement and pension benefits 50,997 - 50,997 Deferred loan origination fees/cost 20 - 20 Allowance for credit losses 240,578 34,147 274,725 Accelerated depreciation 5,246 7,367 12,613 FDIC-assisted transaction 152,665 - 152,665 Intercompany deferred gains 1,829 - 1,829 Lease liability 28,747 20,960 49,707 Unrealized net loss on trading and available-for-sale securities 291,285 26,109 317,394 Difference in outside basis from pass-through entities 42,459 - 42,459 Other temporary differences 33,017 8,218 41,235 Total gross deferred tax assets 968,944 740,127 1,709,071 Deferred tax liabilities: Indefinite-lived intangibles 79,617 53,778 133,395 Right of use assets 26,499 17,594 44,093 Deferred loan origination fees/cost 574 3,506 4,080 Other temporary differences 38,104 1,529 39,633 Total gross deferred tax liabilities 144,794 76,407 221,201 Valuation allowance 138,219 444,444 582,663 Net deferred tax asset $ 685,931 $ 219,276 $ 905,207 December 31, 2021 (In thousands) PR US Total Deferred tax assets: Tax credits available for carryforward $ 261 $ 2,781 $ 3,042 Net operating loss and other carryforward available 112,331 665,164 777,495 Postretirement and pension benefits 57,002 - 57,002 Deferred loan origination fees/cost 2,788 - 2,788 Allowance for credit losses 233,500 31,872 265,372 Deferred gains 1,642 - 1,642 Accelerated depreciation 5,246 7,422 12,668 FDIC-assisted transaction 152,665 - 152,665 Lease liability 31,211 23,894 55,105 Difference in outside basis from pass-through entities 54,781 - 54,781 Other temporary differences 38,512 8,418 46,930 Total gross deferred tax assets 689,939 739,551 1,429,490 Deferred tax liabilities: Indefinite-lived intangibles 76,635 51,150 127,785 Unrealized net gain (loss) on trading and available-for-sale securities 4,329 2,817 7,146 Right of use assets 29,025 20,282 49,307 Deferred loan origination fees/cost - 3,567 3,567 Other temporary differences 43,856 1,530 45,386 Total gross deferred tax liabilities 153,845 79,346 233,191 Valuation allowance 128,557 410,970 539,527 Net deferred tax asset $ 407,537 $ 249,235 $ 656,772 The net deferred tax asset shown in the table above at September 30, 2022 is reflected in the consolidated statements of financial condition as $ 0.9 billion in net deferred tax assets in the “Other assets” caption (December 31, 2021 - $ 0.7 billion) and $ 2.2 million in deferred tax liabilities in the “Other liabilities” caption (December 31, 2021 - $ 869 thousand), reflecting the aggregate deferred tax assets or liabilities of individual tax-paying subsidiaries of the Corporation in their respective tax jurisdiction, Puerto Rico or the United States. At September 30, 2022 the net deferred tax asset of the U.S. operations amounted to $ 663 million with a valuation allowance of approximately $ 444 million, for a net deferred tax asset after valuation allowance of approximately $ 219 million. The Corporation evaluates the realization of the deferred tax asset by taxing jurisdiction. The U.S. operation had sustained profitability for the year ended December 31, 2021, and the period ended September 30, 2022. Years 2020 and 2021 were impacted by the COVID-19 pandemic and other events. Year 2020 was unfavorably impacted by the ACL reserve build-ups and the impairment of expenses on the branch closures in the New York region. Year 2021 has been favorably impacted by a strong economic recovery that resulted in ACL reserve releases, reversing the year 2020 build-up. The financial results for the period ended September 30, 2022 demonstrate financial stability for the U.S. operations, despite the climate of uncertainty as a result of recent global geopolitical and health challenges. These historical financial results are objectively verifiable positive evidence, evaluated together with the positive evidence of stable credit metrics, in combination with the length of the expiration of the NOLs. On the other hand, the Corporation evaluated the negative evidence accumulated over the years, including financial results lower than expectations and challenges to the economy due to global geopolitical uncertainty. As of September 30, 2022 , after weighting all positive and negative evidence, the Corporation concluded that it is more likely than not that approximately $ 219 million of the deferred tax asset from the U.S. operations, comprised mainly of net operating losses, will be realized. The Corporation based this determination on its estimated earnings available to realize the deferred tax asset for the remaining carryforward period, together with the historical level of book income adjusted by permanent differences. Management will continue to monitor and review the U.S. operation’s results and the pre-tax earnings forecast on a quarterly basis to assess the future realization of the deferred tax asset. Management will closely monitor factors, including, net income versus forecast, targeted loan growth, net interest income margin, allowance for credit losses, charge offs, NPLs inflows and NPA balances. If our U.S. operations continue to show actual and projected strong financial results along with new tax initiatives, this could be considered additional positive evidence that could overcome totally or partially the negative evidence evaluated as of September 30, 2022, that could increase the amount of benefit from net operating losses that the Corporation estimates to be realized in the future resulting in future adjustments to the valuation allowance. At September 30, 2022, the Corporation’s net deferred tax assets related to its Puerto Rico operations amounted to $ 686 million. The Corporation’s Puerto Rico Banking operation is not in a cumulative loss position and has sustained profitability for the three year period ended September 30, 2022. This is considered a strong piece of objectively verifiable positive evidence that outweighs any negative evidence considered by management in the evaluation of the realization of the deferred tax asset. Based on this evidence and management’s estimate of future taxable income, the Corporation has concluded that it is more likely than not that such net deferred tax asset of the Puerto Rico Banking operations will be realized. The Holding Company operation is in a cumulative loss position, taking into account taxable income exclusive of reversing temporary differences, for the three years period ending September 30, 2022 . Management expects these losses will be a trend in future years. This objectively verifiable negative evidence is considered by management strong negative evidence that will suggest that income in future years will be insufficient to support the realization of all deferred tax assets. After weighting of all positive and negative evidence management concluded, as of the reporting date, that it is more likely than not that the Holding Company will not be able to realize any portion of the deferred tax assets, considering the criteria of ASC Topic 740. Accordingly, the Corporation has maintained a valuation allowance on the deferred tax asset of $ 138 million as of September 30, 2022. The reconciliation of unrecognized tax benefits, excluding interest, was as follows: (In millions) 2022 2021 Balance at January 1 $ 3.5 $ 14.8 Balance at March 31 $ 3.5 $ 14.8 Balance at June 30 $ 3.5 $ 14.8 Reduction as a result of lapse of statute of limitations - July through September ( 1.1) - Reduction as a result of settlements - July through September - ( 11.3) Balance at September 30 $ 2.4 $ 3.5 At September 30, 2022, the total amount of accrued interest recognized in the statement of financial condition amounted to $ 2.5 million (December 31, 2021 - $ 2.8 million). The total interest expense recognized at September 30, 2022 was $ 202 thousand, net of the reduction of $ 448 thousand due to the expiration of the statute of limitation (September 30, 2021– $ 810 thousand, net of a reduction of $ 2.9 million due to the expiration of the statute of limitation). Management determined that at September 30, 2022 and December 31, 2021 there was no need to accrue for the payment of penalties. The Corporation’s policy is to report interest related to unrecognized tax benefits in income tax expense, while the penalties, if any, are reported in other operating expenses in the consolidated statements of operations. After consideration of the effect on U.S. federal tax of unrecognized U.S. state tax benefits, the total amount of unrecognized tax benefits, including U.S. and Puerto Rico, that if recognized, would affect the Corporation’s effective tax rate, was approximately $ 4.3 million at September 30, 2022 (December 31, 2021 - $ 5.5 million). The amount of unrecognized tax benefits may increase or decrease in the future for various reasons including adding amounts for current tax year positions, expiration of open income tax returns due to the statutes of limitation, changes in management’s judgment about the level of uncertainty, status of examinations, litigation and legislative activity and the addition or elimination of uncertain tax positions. The Corporation anticipates a reduction in the total amount of unrecognized tax benefits within the next 12 months, which could amount to approximately $ 1.5 million, including interest. The Corporation and its subsidiaries file income tax returns in Puerto Rico, the U.S. federal jurisdiction, various U.S. states and political subdivisions, and foreign jurisdictions. At September 30, 2022 , the following years remain subject to examination in the U.S. Federal jurisdiction: 2018 and thereafter; and in the Puerto Rico jurisdiction, 2017 and thereafter.

Supplemental disclosure on the

Supplemental disclosure on the consolidated statements of cash flows	9 Months Ended
	Sep. 30, 2022
Supplemental Cash Flow Information
Supplemental Disclosure on the Consolidated Statements of Cash Flows	Note 32 – Supplemental disclosure on the consolidated statements of cash flows Additional disclosures on cash flow information and non-cash activities for the nine months ended September 30, 2022 and September 30, 2021 are listed in the following table: (In thousands) September 30, 2022 September 30, 2021 Non-cash activities: Loans transferred to other real estate $ 50,359 $ 40,278 Loans transferred to other property 38,066 32,748 Total loans transferred to foreclosed assets 88,425 73,026 Loans transferred to other assets 6,631 5,237 Financed sales of other real estate assets 6,231 9,641 Financed sales of other foreclosed assets 29,505 31,809 Total financed sales of foreclosed assets 35,736 41,450 Financed sale of premises and equipment 31,894 30,730 Transfers from premises and equipment to long-lived assets held-for-sale 1,126 26,242 Transfers from loans held-in-portfolio to loans held-for-sale 11,522 60,806 Transfers from loans held-for-sale to loans held-in-portfolio 25,706 6,710 Loans securitized into investment securities [1] 294,872 546,335 Trades receivable from brokers and counterparties 12,973 74,328 Trades payable to brokers and counterparties 5,793 13,746 Recognition of mortgage servicing rights on securitizations or asset transfers 6,195 9,888 Loans booked under the GNMA buy-back option 3,984 20,908 Capitalization of lease right of use asset 4,453 26,676 Acquisition of software intangible assets 28,650 - Goodwill on acquisition 116,135 - Total stock consideration related to Evertec transaction 144,785 - [1] Includes loans securitized into trading securities and subsequently sold before quarter end. The following table provides a reconciliation of cash and due from banks, and restricted cash reported within the Consolidated Statement of Financial Condition that sum to the total of the same such amounts shown in the Consolidated Statement of Cash Flows. (In thousands) September 30, 2022 September 30, 2021 Cash and due from banks $ 1,937,638 $ 506,890 Restricted cash and due from banks 79,674 32,083 Restricted cash in money market investments 7,199 6,406 Total cash and due from banks, and restricted cash [2] $ 2,024,511 $ 545,379 [2] Refer to Note 5 - Restrictions on cash and due from banks and certain securities for nature of restrictions.

Segment reporting

Segment reporting	9 Months Ended
	Sep. 30, 2022
Segment reporting disclosure
Segment Reporting	Note 33 – Segment reporting The Corporation’s corporate structure consists of two reportable segments – Banco Popular de Puerto Rico and Popular U.S. Management determined the reportable segments based on the internal reporting used to evaluate performance and to assess where to allocate resources. The segments were determined based on the organizational structure, which focuses primarily on the markets the segments serve, as well as on the products and services offered by the segments. Banco Popular de Puerto Rico: The Banco Popular de Puerto Rico reportable segment includes commercial, consumer and retail banking operations conducted at BPPR, including U.S. based activities conducted through its New York Branch. It also includes the lending operations of Popular Auto and Popular Mortgage. Other financial services within the BPPR segment include the trust service units of BPPR, asset management services of Popular Asset Management, the brokerage and investment banking operations of Popular Securities, and the insurance agency and reinsurance businesses of Popular Insurance, Popular Risk Services, Popular Life Re, and Popular Re. Popular U.S.: Popular U.S. reportable segment consists of the banking operations of Popular Bank (PB), Popular Insurance Agency, U.S.A., and PEF. PB operates through a retail branch network in the U.S. mainland under the name of Popular, and equipment leasing and financing services through PEF. Popular Insurance Agency, U.S.A. offers investment and insurance services across the PB branch network. The Corporate group consists primarily of the holding companies Popular, Inc., Popular North America, Popular International Bank and certain of the Corporation’s investments accounted for under the equity method, including Evertec, until August 15, 2022, and Centro Financiero BHD, León. The accounting policies of the individual operating segments are the same as those of the Corporation. Transactions between reportable segments are primarily conducted at market rates, resulting in profits that are eliminated for reporting consolidated results of operations. The tables that follow present the results of operations and total assets by reportable segments: 2022 For the quarter ended September 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 488,123 $ 98,874 $ 1 Provision for credit losses 29,813 10,011 - Non-interest income 262,587 15,203 ( 137) Amortization of intangibles 484 311 - Goodwill impairment charge - 9,000 - Depreciation expense 11,862 1,693 - Other operating expenses 396,655 57,127 ( 135) Income tax expense 48,209 10,628 - Net income $ 263,687 $ 25,307 $ ( 1) Segment assets $ 59,640,784 $ 11,106,409 $ ( 319,999) For the quarter ended September 30, 2022 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 586,998 $ ( 7,379) $ - $ 579,619 Provision for credit losses (benefit) 39,824 ( 187) - 39,637 Non-interest income 277,653 148,228 613 426,494 Amortization of intangibles 795 - - 795 Goodwill impairment charge 9,000 - - 9,000 Depreciation expense 13,555 298 - 13,853 Other operating expenses 453,647 ( 46) ( 1,154) 452,447 Income tax expense 58,837 8,469 680 67,986 Net income $ 288,993 $ 132,315 $ 1,087 $ 422,395 Segment assets $ 70,427,194 $ 5,341,051 $ ( 5,038,570) $ 70,729,675 For the nine months ended September 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 1,351,086 $ 278,825 $ 3 Provision for credit losses 24,941 8,580 - Non-interest income 542,826 26,076 ( 410) Amortization of intangibles 1,453 1,028 - Goodwill impairment charge - 9,000 - Depreciation expense 35,054 5,272 - Other operating expenses 1,069,512 166,677 ( 407) Income tax expense 141,113 33,917 - Net income $ 621,839 $ 80,427 $ - Segment assets $ 59,640,784 $ 11,106,409 $ ( 319,999) For the nine months ended September 30, 2022 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,629,914 $ ( 22,121) $ - $ 1,607,793 Provision for credit losses (benefit) 33,521 ( 22) - 33,499 Non-interest income 568,492 174,060 ( 3,955) 738,597 Amortization of intangibles 2,481 - - 2,481 Goodwill impairment charge 9,000 - - 9,000 Depreciation expense 40,326 881 - 41,207 Other operating expenses 1,235,782 ( 149) ( 3,609) 1,232,024 Income tax expense 175,030 7,802 ( 155) 182,677 Net income $ 702,266 $ 143,427 $ ( 191) $ 845,502 Segment assets $ 70,427,194 $ 5,341,051 $ ( 5,038,570) $ 70,729,675 2021 For the quarter ended September 30, 2021 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 419,166 $ 80,038 $ 2 Provision for credit losses (benefit) ( 37,022) ( 23,937) - Non-interest income 146,139 6,150 ( 136) Amortization of intangibles 617 166 - Depreciation expense 11,164 1,516 - Other operating expenses 324,171 50,694 ( 136) Income tax expense 65,357 18,139 - Net income $ 201,018 $ 39,610 $ 2 Segment assets $ 63,476,269 $ 10,338,333 $ ( 23,074) For the quarter ended September 30, 2021 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 499,206 $ ( 9,813) $ - $ 489,393 Provision for credit losses (benefit) ( 60,959) ( 214) - ( 61,173) Non-interest income 152,153 17,251 ( 146) 169,258 Amortization of intangibles 783 - - 783 Depreciation expense 12,680 328 - 13,008 Other operating expenses 374,729 615 ( 967) 374,377 Income tax expense (benefit) 83,496 ( 279) 325 83,542 Net income $ 240,630 $ 6,988 $ 496 $ 248,114 Segment assets $ 73,791,528 $ 5,378,819 $ ( 4,981,184) $ 74,189,163 For the nine months ended September 30, 2021 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 1,248,689 $ 237,950 $ 5 Provision for credit losses (benefit) ( 104,425) ( 55,801) - Non-interest income 417,399 17,083 ( 411) Amortization of intangibles 2,338 499 - Depreciation expense 35,115 5,441 - Other operating expenses 938,754 152,421 ( 408) Income tax expense 187,784 46,337 - Net income $ 606,522 $ 106,136 $ 2 Segment assets $ 63,476,269 $ 10,338,333 $ ( 23,074) For the nine months ended September 30, 2021 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,486,644 $ ( 30,337) $ - $ 1,456,307 Provision for credit losses (benefit) ( 160,226) ( 188) - ( 160,414) Non-interest income 434,071 45,675 ( 2,295) 477,451 Amortization of intangibles 2,837 252 - 3,089 Depreciation expense 40,556 860 - 41,416 Other operating expenses 1,090,767 ( 567) ( 2,824) 1,087,376 Income tax expense (benefit) 234,121 ( 925) 270 233,466 Net income $ 712,660 $ 15,906 $ 259 $ 728,825 Segment assets $ 73,791,528 $ 5,378,819 $ ( 4,981,184) $ 74,189,163 Geographic Information The following information presents selected financial information based on the geographic location where the Corporation conducts its business. The banking operations of BPPR are primarily based in Puerto Rico, where it has the largest retail banking franchise. BPPR also conducts banking operations in the U.S. Virgin Islands, the British Virgin Islands and New York. BPPR’s banking operations in the United States include co-branded credit cards offerings and commercial lending activities. BPPR’s commercial lending activities in the U.S., through its New York Branch, include periodic loan participations with PB. During the quarter and nine months ended September 30, 2022, BPPR participated in loans originated by PB totaling $ 69 million and $ 160 million respectively, while there were no such participations for the quarter and nine months ended September 30, 2021 . At September 30, 2022, total assets for the BPPR segment related to its operations in the United States amounted to $ 1.0 billion (December 31, 2021 - $ 589 million). During the nine months period ended September 30, 2022, the BPPR segment generated approximately $ 45.0 million (2021 - $ 38.1 million) in revenues from its operations in the United States, including net interest income, service charges on deposit accounts and other service fees. In the Virgin Islands, the BPPR segment offers banking products, including loans and deposits . The BPPR segment generated $ 34.6 million in revenues (2021 - $ 34.7 million) from its operations in the U.S. and British Virgin Islands. Geographic Information Quarter ended Nine months ended (In thousands) September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Revenues: [1] Puerto Rico $ 852,149 $ 542,178 $ 1,940,457 $ 1,590,030 United States 133,071 97,331 347,614 288,619 Other 20,893 19,142 58,319 55,109 Total consolidated revenues $ 1,006,113 $ 658,651 $ 2,346,390 $ 1,933,758 [1] Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net (loss) gain, including impairment on equity securities, net (loss) gain on trading account debt securities, net loss on sale of loans, including valuation adjustment on loans held-for-sale, adjustments to indemnity reserves on loans sold, and other operating income. Selected Balance Sheet Information: (In thousands) September 30, 2022 December 31, 2021 Puerto Rico Total assets $ 57,192,527 $ 63,221,282 Loans 20,760,831 19,770,118 Deposits 54,769,845 57,211,608 United States Total assets $ 12,153,357 $ 10,986,055 Loans 10,204,303 8,903,493 Deposits 8,016,775 7,777,232 Other Total assets $ 1,383,791 $ 890,562 Loans 566,119 626,115 Deposits [1] 2,032,707 2,016,248 [1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

Subsequent events

Subsequent events	9 Months Ended
	Sep. 30, 2022
Subsequent event [Abstract]
Subsequent Events	Note 34 ─ Subsequent events Transfer of Securities from Available-for Sale to Held-To-Maturity In October 2022, the Corporation transferred U.S. Treasury securities with a fair value of $ 6.5 billion (par value of $ 7.4 billion) from its available-for-sale portfolio to its held-to-maturity portfolio. This transaction was accounted for during the fourth quarter of 2022, when management changed its intent to hold these securities to maturity to reduce the impact on accumulated other comprehensive income (“AOCI”) and tangible capital of further increases in interest rates. The Corporation has the intent and ability to hold these securities to maturity. The securities were reclassified at fair value at the time of the transfer. At the date of the transfer, these securities had pre-tax unrealized losses of $ 873.1 million recorded in AOCI. This fair value discount will be accreted to interest income and the unrealized loss remaining in AOCI will be amortized, offsetting each other through the remaining life of the securities. There were no realized gains or losses recorded as a result of this transfer.

Basis of presentation (Policies

Basis of presentation (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies
Consolidation	Basis of Presentation The consolidated interim financial statements have been prepared without audit. The Consolidated Statement of Financial Condition data at December 31, 2021 was derived from audited financial statements. The unaudited interim financial statements are, in the opinion of management, a fair statement of the results for the periods reported and include all necessary adjustments, all of a normal recurring nature, for a fair statement of such results. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted from the unaudited financial statements pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, these financial statements should be read in conjunction with the audited Consolidated Financial Statements of the Corporation for the year ended December 31, 2021, included in the Corporation’s 2021 Form 10-K. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period.
Use of estimates	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies
New accounting pronouncements policies	Recently Adopted Accounting Standards Updates Standard Description Date of adoption Effect on the financial statements FASB ASU 2021-05, Leases (Topic 842), Lessors – Certain Leases with Variable Lease Payments The FASB issued ASU 2021-05 in July 2021, which amends ASC Topic 842 so that lessors can classify as operating leases those leases with variable lease payments that, prior to these amendments, would have been classified as a sales-type or direct financing lease and at inception a loss would have been recognized. January 1, 2022 The Corporation was not impacted by the adoption of ASU 2021-05 during the first quarter of 2022 since it does not hold direct financing leases with variable lease payments. FASB ASU 2021-04, Earnings per Share (Topic 260), Debt – Modifications and Extinguishments (Subtopic 470-50), Compensation – Stock Compensation (Topic 718), and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (a consensus of the FASB Emerging Issues Task Force) The FASB issued ASU 2021-04 in May 2021, which clarifies the accounting for a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after a modification or exchange and the related EPS effects of such transaction if recognized as an adjustment to equity. January 1, 2022 The Corporation was not impacted by the adoption of ASU 2021-04 during the first quarter of 2022 since it does not hold freestanding equity-classified written call options under the scope of this guidance. FASB ASU 2020-06, Debt – Debt with Conversion and other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity The FASB issued ASU 2020-06 in August 2020 which, among other things, simplifies the accounting for convertible instruments and contracts in an entity’s own equity and amends the diluted EPS computation for these instruments. January 1, 2022 The Corporation adopted ASU 2020-06 during the first quarter of 2022. There was no material impact upon the adoption in the analysis of the accelerated share repurchase transaction discussed in Note 17, which was classified as an equity instrument and the related potential shares were considered in its dilutive earnings per share calculation. Accounting Standards Updates Not Yet Adopted Standard Description Date of adoption Effect on the financial statements FASB ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations The FASB issued ASU 2022-04 in September 2022, which requires to disclose information about the use of supplier finance programs in connection with the purchase of goods and services. January 1, 2023 The Corporation is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements’ presentation and disclosures. FASB ASU 2022-03, Fair Value Measurement (Topic 820) Fair Value Measurement of Equity Securities Subject to Contractual Sale Restriction The FASB issued ASU 2022-03 in June 2022, which clarifies that a contractual restriction that prohibits the sale of an equity security is not considered part of the unit of account of the equity security, therefore, is not considered in measuring its fair value. The ASU also provides enhanced disclosures for equity securities subject to a contractual sale restriction. January 1, 2024 The Corporation does not anticipate that the adoption of this accounting pronouncement will have a material effect in its consolidated statement of financial condition and results of operations. FASB ASU 2022-02, Financial Instruments—Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures The FASB issued ASU 2022-02 in March 2022, which eliminates the accounting guidance for troubled debt restructurings (“TDRs”) in Subtopic 310-40 Receivables—Troubled Debt Restructurings by Creditors and requires to apply the loan refinancing and restructuring guidance to determine whether a modification results in a new loan or a continuation of an existing loan. In addition, the ASU enhances the disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty and enhances the vintage disclosure by requiring to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. January 1, 2023 The Corporation is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements’ presentation and disclosures. The Corporation plans to adopt ASU 2022-02 on January 1, 2023 using a modified retrospective approach. Accordingly, any change in the allowance for credit losses would be reflected as a cumulative-effect adjustment to the beginning balance of retained earning in the period of adoption. FASB ASU 2022-01, Derivatives and Hedging (Topic 815) – Fair Value Hedging—Portfolio Layer Method The FASB issued ASU 2022-01 in March 2022, which amends ASC Topic 815 by allowing non prepayable financial assets also to be included in a closed portfolio hedged using the portfolio layer method. This amendment permits an entity to apply fair value hedging to a stated amount of a closed portfolio of prepayable and non-prepayable financial assets without considering prepayment risk or credit risk when measuring those assets. January 1, 2023 The Corporation does not expect to be impacted by the adoption of this standard since it does not hold derivatives designated as fair value hedges. For other recently issued Accounting Standards Updates not yet effective, refer to Note 3 to the Consolidated Financial Statements included in the 2021 Form 10-K.

Fair Value Measurement (Policie

Fair Value Measurement (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies
Fair value measurement policy	ASC Subtopic 820-10 “Fair Value Measurements and Disclosures” establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels in order to increase consistency and comparability in fair value measurements and disclosures. The hierarchy is broken down into three levels based on the reliability of inputs as follows: Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Corporation has the ability to access at the measurement date. Valuation on these instruments does not necessitate a significant degree of judgment since valuations are based on quoted prices that are readily available in an active market. Level 2 - Quoted prices other than those included in Level 1 that are observable either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or that can be corroborated by observable market data for substantially the full term of the financial instrument. Level 3 - Inputs are unobservable and significant to the fair value measurement. Unobservable inputs reflect the Corporation’s own judgements about assumptions that market participants would use in pricing the asset or liability. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the observable inputs be used when available. Fair value is based upon quoted market prices when available. If listed prices or quotes are not available, the Corporation employs internally-developed models that primarily use market-based inputs including yield curves, interest rates, volatilities, and credit curves, among others. Valuation adjustments are limited to those necessary to ensure that the financial instrument’s fair value is adequately representative of the price that would be received or paid in the marketplace. These adjustments include amounts that reflect counterparty credit quality, the Corporation’s credit standing, constraints on liquidity and unobservable parameters that are applied consistently. There have been no changes in the Corporation’s methodologies used to estimate the fair value of assets and liabilities from those disclosed in the 2021 Form 10-K. The estimated fair value may be subjective in nature and may involve uncertainties and matters of significant judgment for certain financial instruments. Changes in the underlying assumptions used in calculating fair value could significantly affect the results.

Revenue from contracts with cus

Revenue from contracts with customers (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies
Revenue recognition	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. A service is transferred to the customer when, or as, the customer obtains control of that service. A performance obligation may be satisfied over time or at a point in time. Revenue from a performance obligation satisfied over time is recognized based on the services that have been rendered to date. Revenue from a performance obligation satisfied at a point in time is recognized when the customer obtains control over the service. The transaction price, or the amount of revenue recognized, reflects the consideration the Corporation expects to be entitled to in exchange for those promised services. In determining the transaction price, the Corporation considers the effects of variable consideration. Variable consideration is included in the transaction price only to the extent it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur. The Corporation is the principal in a transaction if it obtains control of the specified goods or services before they are transferred to the customer. If the Corporation acts as principal, revenues are presented in the gross amount of consideration to which it expects to be entitled and are not netted with any related expenses. On the other hand, the Corporation is an agent if it does not control the specified goods or services before they are transferred to the customer. If the Corporation acts as an agent, revenues are presented in the amount of consideration to which it expects to be entitled, net of related expenses. Following is a description of the nature and timing of revenue streams from contracts with customers: Service charges on deposit accounts Service charges on deposit accounts are earned on retail and commercial deposit activities and include, but are not limited to, nonsufficient fund fees, overdraft fees and checks stop payment fees. These transaction-based fees are recognized at a point in time, upon occurrence of an activity or event or upon the occurrence of a condition which triggers the fee assessment. The Corporation is acting as principal in these transactions. Debit card fees Debit card fees include, but are not limited to, interchange fees, surcharging income and foreign transaction fees. These transaction-based fees are recognized at a point in time, upon occurrence of an activity or event or upon the occurrence of a condition which triggers the fee assessment. Interchange fees are recognized upon settlement of the debit card payment transactions. The Corporation is acting as principal in these transactions. Insurance fees Insurance fees include, but are not limited to, commissions and contingent commissions. Commissions and fees are recognized when related policies are effective since the Corporation does not have an enforceable right to payment for services completed to date. An allowance is created for expected adjustments to commissions earned related to policy cancellations. Contingent commissions are recorded on an accrual basis when the amount to be received is notified by the insurance company. The Corporation is acting as an agent since it arranges for the sale of the policies and receives commissions if, and when, it achieves the sale. Credit card fees Credit card fees include, but are not limited to, interchange fees, additional card fees, cash advance fees, balance transfer fees, foreign transaction fees, and returned payments fees. Credit card fees are recognized at a point in time, upon the occurrence of an activity or an event. Interchange fees are recognized upon settlement of the credit card payment transactions. The Corporation is acting as principal in these transactions. Sale and administration of investment products Fees from the sale and administration of investment products include, but are not limited to, commission income from the sale of investment products, asset management fees, underwriting fees, and mutual fund fees. Commission income from investment products is recognized on the trade date since clearing, trade execution, and custody services are satisfied when the customer acquires or disposes of the rights to obtain the economic benefits of the investment products and brokerage contracts have no fixed duration and are terminable at will by either party. The Corporation is acting as principal in these transactions since it performs the service of providing the customer with the ability to acquire or dispose of the rights to obtain the economic benefits of investment products. Asset management fees are satisfied over time and are recognized in arrears. At contract inception, the estimate of the asset management fee is constrained from the inclusion in the transaction price since the promised consideration is dependent on the market and thus is highly susceptible to factors outside the manager’s influence. As advisor, the broker-dealer subsidiary is acting as principal. Underwriting fees are recognized at a point in time, when the investment products are sold in the open market at a markup. When the broker-dealer subsidiary is lead underwriter, it is acting as an agent. In turn, when it is a participating underwriter, it is acting as principal. Mutual fund fees, such as distribution fees, are considered variable consideration and are recognized over time, as the uncertainty of the fees to be received is resolved as NAV is determined and investor activity occurs. The promise to provide distribution-related services is considered a single performance obligation as it requires the provision of a series of distinct services that are substantially the same and have the same pattern of transfer. When the broker-dealer subsidiary is acting as a distributor, it is acting as principal. In turn, when it acts as third-party dealer, it is acting as an agent. Trust fees Trust fees are recognized from retirement plan, mutual fund administration, investment management, trustee, escrow, and custody and safekeeping services. These asset management services are considered a single performance obligation as it requires the provision of a series of distinct services that are substantially the same and have the same pattern of transfer. The performance obligation is satisfied over time, except for optional services and certain other services that are satisfied at a point in time. Revenues are recognized in arrears, when, or as, the services are rendered. The Corporation is acting as principal since, as asset manager, it has the obligation to provide the specified service to the customer and has the ultimate discretion in establishing the fee paid by the customer for the specified services.

Business Combinations (Table)

Business Combinations (Table)	9 Months Ended
	Sep. 30, 2022
Business Combinations [Abstract]
Fair value of identifiable assets acquired and liabilities assumed	The following table presents the fair values of the consideration and major classes of identifiable assets acquired by BPPR as of July 1, 2022. As recorded by (In thousands) Popular, Inc. Stock consideration $ 144,785 Total consideration $ 144,785 Assets: Developed technology - Software intangible assets $ 28,650 Total assets $ 28,650 Net assets acquired $ 28,650 Goodwill on acquisition $ 116,135

Debt securities available-for_2

Debt securities available-for-sale (Tables)	9 Months Ended
	Sep. 30, 2022
Investments [Abstract]
Debt Securities, Available-For-Sale	At September 30, 2022 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 7,690,995 $ 382 $ 34,608 $ 7,656,769 2.23 % After 1 to 5 years 11,739,136 - 944,129 10,795,007 1.26 After 5 to 10 years 3,531,911 - 477,765 3,054,146 1.39 Total U.S. Treasury securities 22,962,042 382 1,456,502 21,505,922 1.60 Collateralized mortgage obligations - federal agencies After 1 to 5 years 4,288 - 207 4,081 1.77 After 5 to 10 years 37,695 - 2,058 35,637 1.70 After 10 years 147,962 28 11,504 136,486 2.39 Total collateralized mortgage obligations - federal agencies 189,945 28 13,769 176,204 2.24 Mortgage-backed securities Within 1 year 1 - - 1 7.16 After 1 to 5 years 72,119 16 3,620 68,515 2.36 After 5 to 10 years 833,972 47 67,813 766,206 2.11 After 10 years 7,013,463 1,266 1,268,503 5,746,226 1.60 Total mortgage-backed securities 7,919,555 1,329 1,339,936 6,580,948 1.66 Other After 1 to 5 years 1,077 - 3 1,074 3.97 Total other 1,077 - 3 1,074 3.97 Total debt securities available-for-sale [1] $ 31,072,619 $ 1,739 $ 2,810,210 $ 28,264,148 1.62 % [1] Includes $ 19.6 billion pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $ 18.5 billion serve as collateral for public funds. At December 31, 2021 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 1,225,558 $ 13,556 $ 69 $ 1,239,045 2.33 % After 1 to 5 years 10,059,163 98,808 65,186 10,092,785 1.18 After 5 to 10 years 4,563,265 739 36,804 4,527,200 1.22 Total U.S. Treasury securities 15,847,986 113,103 102,059 15,859,030 1.27 Obligations of U.S. Government sponsored entities Within 1 year 70 - - 70 5.63 Total obligations of U.S. Government sponsored entities 70 - - 70 5.63 Collateralized mortgage obligations - federal agencies After 1 to 5 years 2,433 42 - 2,475 2.16 After 5 to 10 years 43,241 295 6 43,530 1.54 After 10 years 172,176 3,441 357 175,260 2.13 Total collateralized mortgage obligations - federal agencies 217,850 3,778 363 221,265 2.01 Mortgage-backed securities Within 1 year 11 1 - 12 4.79 After 1 to 5 years 65,749 2,380 11 68,118 2.23 After 5 to 10 years 665,600 17,998 5 683,593 1.97 After 10 years 8,263,835 68,128 195,910 8,136,053 1.67 Total mortgage-backed securities 8,995,195 88,507 195,926 8,887,776 1.69 Other After 1 to 5 years 123 5 - 128 3.62 Total other 123 5 - 128 3.62 Total debt securities available-for-sale [1] $ 25,061,224 $ 205,393 $ 298,348 $ 24,968,269 1.42 % [1] Includes $ 22.0 billion pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $ 20.9 billion serve as collateral for public funds.
Debt Securities Available For Sale Unrealized Loss Position Fair Value	At September 30, 2022 Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Fair unrealized Fair unrealized (In thousands) value losses value losses value losses U.S. Treasury securities $ 13,636,522 $ 1,054,349 $ 3,617,608 $ 402,153 $ 17,254,130 $ 1,456,502 Collateralized mortgage obligations - federal agencies 160,914 11,468 12,509 2,301 173,423 13,769 Mortgage-backed securities 1,810,828 170,187 4,721,928 1,169,749 6,532,756 1,339,936 Other 74 3 - - 74 3 Total debt securities available-for-sale in an unrealized loss position $ 15,608,338 $ 1,236,007 $ 8,352,045 $ 1,574,203 $ 23,960,383 $ 2,810,210 At December 31, 2021 Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Fair unrealized Fair unrealized (In thousands) value losses value losses value losses U.S. Treasury securities $ 9,590,448 $ 102,059 $ - $ - $ 9,590,448 $ 102,059 Collateralized mortgage obligations - federal agencies 35,533 334 1,084 29 36,617 363 Mortgage-backed securities 5,767,556 170,614 595,051 25,312 6,362,607 195,926 Total debt securities available-for-sale in an unrealized loss position $ 15,393,537 $ 273,007 $ 596,135 $ 25,341 $ 15,989,672 $ 298,348

Debt securities held-to-matur_2

Debt securities held-to-maturity (Tables)	9 Months Ended
	Sep. 30, 2022
Investments [Abstract]
Debt Securities, Held-to-maturity	At September 30, 2022 Allowance Gross Gross Weighted Amortized for Credit Net of unrealized unrealized Fair average (In thousands) cost Losses Allowance gains losses value yield U.S. Treasury securities Within 1 year $ 348,053 $ - $ 348,053 $ - $ 3,262 $ 344,791 3.00 % After 1 to 5 years 1,533,494 - 1,533,494 - 48,605 1,484,889 2.75 Total U.S. Treasury securities 1,881,547 - 1,881,547 - 51,867 1,829,680 2.80 Obligations of Puerto Rico, States and political subdivisions Within 1 year 4,530 11 4,519 7 - 4,526 6.10 After 1 to 5 years 19,105 215 18,890 149 81 18,958 4.24 After 5 to 10 years 1,025 33 992 33 - 1,025 5.80 After 10 years 41,519 6,951 34,568 4,947 2,130 37,385 1.41 Total obligations of Puerto Rico, States and political subdivisions 66,179 7,210 58,969 5,136 2,211 61,894 2.62 Collateralized mortgage obligations - federal agencies After 1 to 5 years 24 - 24 - - 24 6.44 Total collateralized mortgage obligations - federal agencies 24 - 24 - - 24 6.44 Securities in wholly owned statutory business trusts After 10 years 5,960 - 5,960 - - 5,960 6.33 Total securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 6.33 Total debt securities held-to-maturity $ 1,953,710 $ 7,210 $ 1,946,500 $ 5,136 $ 54,078 $ 1,897,558 2.80 % At December 31, 2021 Allowance Gross Gross Weighted Amortized for Credit Net of unrealized unrealized Fair average (In thousands) cost Losses Allowance gains losses value yield Obligations of Puerto Rico, States and political subdivisions Within 1 year $ 4,240 $ 7 $ 4,233 $ 4 $ - $ 4,237 6.07 % After 1 to 5 years 14,395 148 14,247 149 - 14,396 6.23 After 5 to 10 years 11,280 122 11,158 104 - 11,262 2.18 After 10 years 43,561 7,819 35,742 11,746 - 47,488 1.50 Total obligations of Puerto Rico, States and political subdivisions 73,476 8,096 65,380 12,003 - 77,383 2.79 Collateralized mortgage obligations - federal agencies After 1 to 5 years 25 - 25 - - 25 6.44 Total collateralized mortgage obligations - federal agencies 25 - 25 - - 25 6.44 Securities in wholly owned statutory business trusts After 10 years 5,960 - 5,960 - - 5,960 6.33 Total securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 6.33 Total debt securities held-to-maturity $ 79,461 $ 8,096 $ 71,365 $ 12,003 $ - $ 83,368 3.06 %
Debt securities held to maturity credit quality indicator	At September 30, 2022 At December 31, 2021 (In thousands) Securities issued by Puerto Rico municipalities Watch $ 13,735 $ 16,345 Pass 10,925 13,800 Total $ 24,660 $ 30,145
Debt securities held to maturity allowance for credit loss	For the quarters ended September 30, 2022 2021 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 7,495 $ 10,214 Provision for credit losses (benefit) ( 285) ( 992) Securities charged-off - - Recoveries - - Ending balance $ 7,210 $ 9,222 For the nine months ended September 30, 2022 2021 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 8,096 $ 10,261 Provision for credit losses (benefit) ( 886) ( 1,039) Securities charged-off - - Recoveries - - Ending balance $ 7,210 $ 9,222

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable
Purchased Financial Assets With Credit Deterioration	Purchased Credit Deteriorated (PCD) Loans The Corporation has purchased loans during the quarter and nine months ended September 30, 2022 and 2021 , for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loans is as follows: (In thousands) For the quarter ended September 30, 2022 For the nine months ended September 30, 2022 Purchase price of loans at acquisition $ 247 $ 2,840 Allowance for credit losses at acquisition 59 841 Non-credit discount / (premium) at acquisition 6 131 Par value of acquired loans at acquisition $ 312 $ 3,812 (In thousands) For the quarter ended September 30, 2021 For the nine months ended September 30, 2021 Purchase price of loans at acquisition $ 1,060 $ 10,044 Allowance for credit losses at acquisition 253 2,811 Non-credit discount / (premium) at acquisition 54 389 Par value of acquired loans at acquisition $ 1,367 $ 13,244
Loans Held in Portfolio
Accounts, Notes, Loans and Financing Receivable
Past due financing receivables	September 30, 2022 Puerto Rico Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 546 $ - $ 251 $ 797 $ 276,521 $ 277,318 $ 251 $ - Commercial real estate: Non-owner occupied 3,005 789 21,443 25,237 2,820,803 2,846,040 21,443 - Owner occupied 10,992 7,834 28,379 47,205 1,540,932 1,588,137 28,379 - Commercial and industrial 7,105 1,139 38,003 46,247 3,547,841 3,594,088 37,375 628 Construction - 1,087 - 1,087 210,480 211,567 - - Mortgage 237,316 89,802 581,378 908,496 5,147,347 6,055,843 252,773 328,605 Leasing 14,487 2,740 5,697 22,924 1,515,580 1,538,504 5,697 - Consumer: Credit cards 7,268 4,481 10,361 22,110 966,406 988,516 - 10,361 Home equity lines of credit - - - - 2,957 2,957 - - Personal 13,725 7,348 18,137 39,210 1,478,746 1,517,956 18,117 20 Auto 71,230 21,852 34,432 127,514 3,401,390 3,528,904 34,432 - Other 708 768 12,025 13,501 124,950 138,451 11,748 277 Total $ 366,382 $ 137,840 $ 750,106 $ 1,254,328 $ 21,033,953 $ 22,288,281 $ 410,215 $ 339,891 September 30, 2022 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ - $ - $ - $ - $ 1,926,791 $ 1,926,791 $ - $ - Commercial real estate: Non-owner occupied - 136 10,631 10,767 1,660,668 1,671,435 10,631 - Owner occupied - 5,106 606 5,712 1,472,699 1,478,411 606 - Commercial and industrial 924 2,144 5,803 8,871 1,975,768 1,984,639 5,191 612 Construction - - - - 604,723 604,723 - - Mortgage 1,501 4,558 21,533 27,592 1,228,278 1,255,870 21,533 - Consumer: Credit cards - - - - 34 34 - - Home equity lines of credit 256 577 3,970 4,803 65,036 69,839 3,970 - Personal 1,495 1,529 1,261 4,285 233,780 238,065 1,261 - Other 704 - 12 716 4,384 5,100 12 - Total $ 4,880 $ 14,050 $ 43,816 $ 62,746 $ 9,172,161 $ 9,234,907 $ 43,204 $ 612 September 30, 2022 Popular, Inc. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP [2] [3] loans loans Commercial multi-family $ 546 $ - $ 251 $ 797 $ 2,203,312 $ 2,204,109 $ 251 $ - Commercial real estate: Non-owner occupied 3,005 925 32,074 36,004 4,481,471 4,517,475 32,074 - Owner occupied 10,992 12,940 28,985 52,917 3,013,631 3,066,548 28,985 - Commercial and industrial 8,029 3,283 43,806 55,118 5,523,609 5,578,727 42,566 1,240 Construction - 1,087 - 1,087 815,203 816,290 - - Mortgage [1] 238,817 94,360 602,911 936,088 6,375,625 7,311,713 274,306 328,605 Leasing 14,487 2,740 5,697 22,924 1,515,580 1,538,504 5,697 - Consumer: Credit cards 7,268 4,481 10,361 22,110 966,440 988,550 - 10,361 Home equity lines of credit 256 577 3,970 4,803 67,993 72,796 3,970 - Personal 15,220 8,877 19,398 43,495 1,712,526 1,756,021 19,378 20 Auto 71,230 21,852 34,432 127,514 3,401,390 3,528,904 34,432 - Other 1,412 768 12,037 14,217 129,334 143,551 11,760 277 Total $ 371,262 $ 151,890 $ 793,922 $ 1,317,074 $ 30,206,114 $ 31,523,188 $ 453,419 $ 340,503 [1] It is the Corporation’s policy to report delinquent residential mortgage loans insured by Federal Housing Administration (“FHA”) or guaranteed by the U.S. Department of Veterans Affairs (“VA”) as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured. The balance of these loans includes $ 9 million at September 30, 2022 related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below. Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to repurchases option are required to be reflected (rebooked) on the financial statements of BPPR with an offsetting liability. These balances include $ 198 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of September 30, 2022. Furthermore, the Corporation has approximately $ 42 million in reverse mortgage loans which are guaranteed by FHA, but which are currently not accruing interest. Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets. [2] Loans held-in-portfolio are net of $ 283 million in unearned income and exclude $ 8 million in loans held-for-sale. [3] Includes $ 7.2 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 3.0 billion were pledged at the Federal Home Loan Bank ("FHLB") as collateral for borrowings and $ 1.9 billion at the Federal Reserve Bank ("FRB") for discount window borrowings and $ 2.3 billion serve as collateral for public funds. December 31, 2021 Puerto Rico Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 314 $ - $ 272 $ 586 $ 154,183 $ 154,769 $ 272 $ - Commercial real estate: Non-owner occupied 2,399 136 20,716 23,251 2,266,672 2,289,923 20,716 - Owner occupied 3,329 278 54,335 57,942 1,365,787 1,423,729 54,335 - Commercial and industrial 3,438 1,727 45,242 50,407 3,478,041 3,528,448 44,724 518 Construction - - 485 485 86,626 87,111 485 - Mortgage 217,830 81,754 805,245 1,104,829 5,147,037 6,251,866 333,887 471,358 Leasing 9,240 2,037 3,102 14,379 1,366,940 1,381,319 3,102 - Consumer: Credit cards 5,768 3,520 8,577 17,865 901,986 919,851 - 8,577 Home equity lines of credit 46 - 23 69 3,502 3,571 - 23 Personal 10,027 6,072 21,235 37,334 1,250,726 1,288,060 21,235 - Auto 59,128 15,019 23,085 97,232 3,314,955 3,412,187 23,085 - Other 432 714 12,621 13,767 110,781 124,548 12,448 173 Total $ 311,951 $ 111,257 $ 994,938 $ 1,418,146 $ 19,447,236 $ 20,865,382 $ 514,289 $ 480,649 December 31, 2021 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 3,826 $ - $ - $ 3,826 $ 1,804,035 $ 1,807,861 $ - $ - Commercial real estate: Non-owner occupied 5,721 683 622 7,026 2,316,441 2,323,467 622 - Owner occupied 1,095 - 1,013 2,108 392,265 394,373 1,013 - Commercial and industrial 9,410 2,680 4,015 16,105 1,794,026 1,810,131 3,897 118 Construction - - - - 629,109 629,109 - - Mortgage 11,711 2,573 21,969 36,253 1,139,077 1,175,330 21,969 - Consumer: Credit cards - - - - 10 10 - - Home equity lines of credit 71 34 5,406 5,511 69,780 75,291 5,406 - Personal 863 574 681 2,118 152,827 154,945 681 - Other - - - - 4,658 4,658 - - Total $ 32,697 $ 6,544 $ 33,706 $ 72,947 $ 8,302,228 $ 8,375,175 $ 33,588 $ 118 December 31, 2021 Popular, Inc. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP [2] [3] loans loans Commercial multi-family $ 4,140 $ - $ 272 $ 4,412 $ 1,958,218 $ 1,962,630 $ 272 $ - Commercial real estate: Non-owner occupied 8,120 819 21,338 30,277 4,583,113 4,613,390 21,338 - Owner occupied 4,424 278 55,348 60,050 1,758,052 1,818,102 55,348 - Commercial and industrial 12,848 4,407 49,257 66,512 5,272,067 5,338,579 48,621 636 Construction - - 485 485 715,735 716,220 485 - Mortgage [1] 229,541 84,327 827,214 1,141,082 6,286,114 7,427,196 355,856 471,358 Leasing 9,240 2,037 3,102 14,379 1,366,940 1,381,319 3,102 - Consumer: Credit cards 5,768 3,520 8,577 17,865 901,996 919,861 - 8,577 Home equity lines of credit 117 34 5,429 5,580 73,282 78,862 5,406 23 Personal 10,890 6,646 21,916 39,452 1,403,553 1,443,005 21,916 - Auto 59,128 15,019 23,085 97,232 3,314,955 3,412,187 23,085 - Other 432 714 12,621 13,767 115,439 129,206 12,448 173 Total $ 344,648 $ 117,801 $ 1,028,644 $ 1,491,093 $ 27,749,464 $ 29,240,557 $ 547,877 $ 480,767 [1] It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or guaranteed by the VA as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured. The balance of these loans includes $ 13 million at December 31, 2021 related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below. Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to repurchases option are required to be reflected (rebooked) on the financial statements of BPPR with an offsetting liability. These balances include $ 304 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of December 31, 2021. Furthermore, the Corporation has approximately $ 50 million in reverse mortgage loans which are guaranteed by FHA, but which are currently not accruing interest. Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets. [2] Loans held-in-portfolio are net of $ 266 million in unearned income and exclude $ 59 million in loans held-for-sale. [3] Includes $ 6.6 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 3.2 billion were pledged at the FHLB as collateral for borrowings and $ 1.7 billion at the FRB for discount window borrowings and $ 1.7 billion serve as collateral for public funds.
Financing receivable non accrual status	September 30, 2022 Puerto Rico Popular U.S. Popular, Inc. (In thousands) Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Commercial multi-family $ - $ 251 $ - $ - $ - $ 251 Commercial real estate non-owner occupied 16,931 4,512 - 10,631 16,931 15,143 Commercial real estate owner occupied 11,247 17,132 - 606 11,247 17,738 Commercial and industrial 22,844 14,531 - 5,191 22,844 19,722 Mortgage 132,300 120,473 - 21,533 132,300 142,006 Leasing 218 5,479 - - 218 5,479 Consumer: HELOCs - - - 3,970 - 3,970 Personal 5,560 12,557 - 1,261 5,560 13,818 Auto 1,067 33,365 - - 1,067 33,365 Other 263 11,485 - 12 263 11,497 Total $ 190,430 $ 219,785 $ - $ 43,204 $ 190,430 $ 262,989 December 31, 2021 Puerto Rico Popular U.S. Popular, Inc. (In thousands) Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Commercial multi-family $ - $ 272 $ - $ - $ - $ 272 Commercial real estate non-owner occupied 15,819 4,897 - 622 15,819 5,519 Commercial real estate owner occupied 13,491 40,844 - 1,013 13,491 41,857 Commercial and industrial 30,177 14,547 - 3,897 30,177 18,444 Construction - 485 - - - 485 Mortgage 169,827 164,060 29 21,940 169,856 186,000 Leasing 276 2,826 - - 276 2,826 Consumer: HELOCs - - - 5,406 - 5,406 Personal 6,279 14,956 81 600 6,360 15,556 Auto 879 22,206 - - 879 22,206 Other - 12,448 - - - 12,448 Total $ 236,748 $ 277,541 $ 110 $ 33,478 $ 236,858 $ 311,019
Collateral dependent financial assets	September 30, 2022 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total Puerto Rico Commercial multi-family $ 1,342 $ - $ - $ - $ - $ 1,342 Commercial real estate: Non-owner occupied 204,407 - - - - 204,407 Owner occupied 21,571 - - - - 21,571 Commercial and industrial 1,425 - 32 9,777 23,811 35,045 Mortgage 142,473 - - - - 142,473 Leasing - 814 3 - - 817 Consumer: Personal 5,642 - - - - 5,642 Auto - 9,280 - - - 9,280 Other - - - - 263 263 Total Puerto Rico $ 376,860 $ 10,094 $ 35 $ 9,777 $ 24,074 $ 420,840 Popular U.S. Commercial real estate: Non-owner occupied 10,631 - - - - 10,631 Mortgage $ 853 $ - $ - $ - $ - $ 853 Total Popular U.S. $ 11,484 $ - $ - $ - $ - $ 11,484 Popular, Inc. Commercial multi-family $ 1,342 $ - $ - $ - $ - $ 1,342 Commercial real estate: Non-owner occupied 215,038 - - - - 215,038 Owner occupied 21,571 - - - - 21,571 Commercial and industrial 1,425 - 32 9,777 23,811 35,045 Mortgage 143,326 - - - - 143,326 Leasing - 814 3 - - 817 Consumer: Personal 5,642 - - - - 5,642 Auto - 9,280 - - - 9,280 Other - - - - 263 263 Total Popular, Inc. $ 388,344 $ 10,094 $ 35 $ 9,777 $ 24,074 $ 432,324 December 31, 2021 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total Puerto Rico Commercial multi-family $ 1,374 $ - $ - $ - $ - $ 1,374 Commercial real estate: Non-owner occupied 211,026 - - - - 211,026 Owner occupied 47,268 - - - - 47,268 Commercial and industrial 2,650 - 680 10,675 27,893 41,898 Mortgage 179,774 - - - - 179,774 Leasing - 574 - - - 574 Consumer: Personal 6,165 - - - - 6,165 Auto - 8,983 - - - 8,983 Total Puerto Rico $ 448,257 $ 9,557 $ 680 $ 10,675 $ 27,893 $ 497,062 Popular U.S. Mortgage $ 926 $ - $ - $ - $ - $ 926 Total Popular U.S. $ 926 $ - $ - $ - $ - $ 926 Popular, Inc. Commercial multi-family $ 1,374 $ - $ - $ - $ - $ 1,374 Commercial real estate: Non-owner occupied 211,026 - - - - 211,026 Owner occupied 47,268 - - - - 47,268 Commercial and industrial 2,650 - 680 10,675 27,893 41,898 Mortgage 180,700 - - - - 180,700 Leasing - 574 - - - 574 Consumer: Personal 6,165 - - - - 6,165 Auto - 8,983 - - - 8,983 Total Popular, Inc. $ 449,183 $ 9,557 $ 680 $ 10,675 $ 27,893 $ 497,988

Allowance for credit losses -_2

Allowance for credit losses - loans held-in-portfolio (Tables)	9 Months Ended
	Sep. 30, 2022
Allowance for credit losses on financing receivables	For the quarter ended September 30, 2022 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 153,547 $ 3,074 $ 130,030 $ 19,037 $ 274,889 $ 580,577 Provision for credit losses (benefit) 7,078 1,181 ( 11,648) 2,115 29,968 28,694 Initial allowance for credit losses - PCD Loans - - 59 - - 59 Charge-offs ( 4,818) - ( 1,720) ( 2,191) ( 28,480) ( 37,209) Recoveries 5,968 - 3,885 853 8,107 18,813 Ending balance $ 161,775 $ 4,255 $ 120,606 $ 19,814 $ 284,484 $ 590,934 Allowance for credit losses - unfunded commitments: Beginning balance $ 2,032 $ 1,534 $ - $ - $ - $ 3,566 Provision for credit losses (benefit) 868 349 - - - 1,217 Ending balance - unfunded commitments [1] $ 2,900 $ 1,883 $ - $ - $ - $ 4,783 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended September 30, 2022 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 56,083 $ 3,839 $ 18,275 $ 22,976 $ 101,173 Provision for credit losses (benefit) 11,488 ( 1,895) ( 370) 1,602 10,825 Charge-offs ( 720) - - ( 1,623) ( 2,343) Recoveries 1,231 - 23 1,253 2,507 Ending balance $ 68,082 $ 1,944 $ 17,928 $ 24,208 $ 112,162 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,317 $ 1,961 $ - $ 60 $ 3,338 Provision for credit losses (benefit) ( 201) ( 650) - 37 ( 814) Ending balance - unfunded commitments [1] $ 1,116 $ 1,311 $ - $ 97 $ 2,524 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended September 30, 2022 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 209,630 $ 6,913 $ 148,305 $ 19,037 $ 297,865 $ 681,750 Provision for credit losses (benefit) 18,566 ( 714) ( 12,018) 2,115 31,570 39,519 Initial allowance for credit losses - PCD Loans - - 59 - - 59 Charge-offs ( 5,538) - ( 1,720) ( 2,191) ( 30,103) ( 39,552) Recoveries 7,199 - 3,908 853 9,360 21,320 Ending balance $ 229,857 $ 6,199 $ 138,534 $ 19,814 $ 308,692 $ 703,096 Allowance for credit losses - unfunded commitments: Beginning balance $ 3,349 $ 3,495 $ - $ - $ 60 $ 6,904 Provision for credit losses (benefit) 667 ( 301) - - 37 403 Ending balance - unfunded commitments [1] $ 4,016 $ 3,194 $ - $ - $ 97 $ 7,307 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2022 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 151,928 $ 1,641 $ 138,286 $ 17,578 $ 284,729 $ 594,162 Provision for credit losses (benefit) 1,055 1,803 ( 28,129) 3,807 46,625 25,161 Initial allowance for credit losses - PCD Loans - - 841 - - 841 Charge-offs ( 6,667) - ( 4,408) ( 4,094) ( 72,324) ( 87,493) Recoveries 15,459 811 14,016 2,523 25,454 58,263 Ending balance - loans $ 161,775 $ 4,255 $ 120,606 $ 19,814 $ 284,484 $ 590,934 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,751 $ 2,388 $ - $ - $ - $ 4,139 Provision for credit losses (benefit) 1,149 ( 505) - - - 644 Ending balance - unfunded commitments [1] $ 2,900 $ 1,883 $ - $ - $ - $ 4,783 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2022 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 63,877 $ 4,722 $ 16,192 $ 16,413 $ 101,204 Provision for credit losses (benefit) 3,204 ( 3,910) 1,756 8,764 9,814 Charge-offs ( 1,244) - ( 68) ( 4,256) ( 5,568) Recoveries 2,245 1,132 48 3,287 6,712 Ending balance - loans $ 68,082 $ 1,944 $ 17,928 $ 24,208 $ 112,162 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,384 $ 2,337 $ - $ 37 $ 3,758 Provision for credit losses (benefit) ( 268) ( 1,026) - 60 ( 1,234) Ending balance - unfunded commitments [1] $ 1,116 $ 1,311 $ - $ 97 $ 2,524 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2022 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 215,805 $ 6,363 $ 154,478 $ 17,578 $ 301,142 $ 695,366 Provision for credit losses (benefit) 4,259 ( 2,107) ( 26,373) 3,807 55,389 34,975 Initial allowance for credit losses - PCD Loans - - 841 - - 841 Charge-offs ( 7,911) - ( 4,476) ( 4,094) ( 76,580) ( 93,061) Recoveries 17,704 1,943 14,064 2,523 28,741 64,975 Ending balance - loans $ 229,857 $ 6,199 $ 138,534 $ 19,814 $ 308,692 $ 703,096 Allowance for credit losses - unfunded commitments: Beginning balance $ 3,135 $ 4,725 $ - $ - $ 37 $ 7,897 Provision for credit losses (benefit) 881 ( 1,531) - - 60 ( 590) Ending balance - unfunded commitments [1] $ 4,016 $ 3,194 $ - $ - $ 97 $ 7,307 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended September 30, 2021 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 186,784 $ 1,220 $ 166,808 $ 17,551 $ 289,490 $ 661,853 Provision for credit losses (benefit) ( 13,923) ( 1,532) ( 14,110) ( 5,613) ( 814) ( 35,992) Initial allowance for credit losses - PCD Loans - - 253 - - 253 Charge-offs ( 9,481) ( 1) ( 1,157) ( 1,054) ( 18,211) ( 29,904) Recoveries 5,124 2,224 3,268 750 9,202 20,568 Ending balance $ 168,504 $ 1,911 $ 155,062 $ 11,634 $ 279,667 $ 616,778 Allowance for credit losses - unfunded commitments: Beginning balance $ 3,252 $ 1,405 $ - $ - $ - $ 4,657 Provision for credit losses ( 915) 663 - - - ( 252) Ending balance - unfunded commitments [1] $ 2,337 $ 2,068 $ - $ - $ - $ 4,405 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended September 30, 2021 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 84,360 $ 10,036 $ 15,811 $ 13,730 $ 123,937 Provision for credit losses (benefit) ( 18,513) ( 2,097) ( 543) ( 1,500) ( 22,653) Charge-offs ( 24) - ( 2) ( 1,637) ( 1,663) Recoveries 487 - 50 1,639 2,176 Ending balance - loans $ 66,310 $ 7,939 $ 15,316 $ 12,232 $ 101,797 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,559 $ 3,672 $ - $ 48 $ 5,279 Provision for credit losses ( 405) ( 866) - ( 13) ( 1,284) Ending balance - unfunded commitments [1] $ 1,154 $ 2,806 $ - $ 35 $ 3,995 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statement of Financial Condition. For the quarter ended September 30, 2021 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 271,144 $ 11,256 $ 182,619 $ 17,551 $ 303,220 $ 785,790 Provision for credit losses (benefit) ( 32,436) ( 3,629) ( 14,653) ( 5,613) ( 2,314) ( 58,645) Initial allowance for credit losses - PCD Loans - - 253 - - 253 Charge-offs ( 9,505) ( 1) ( 1,159) ( 1,054) ( 19,848) ( 31,567) Recoveries 5,611 2,224 3,318 750 10,841 22,744 Ending balance $ 234,814 $ 9,850 $ 170,378 $ 11,634 $ 291,899 $ 718,575 Allowance for credit losses - loans: Beginning balance $ 4,811 $ 5,077 $ - $ - $ 48 $ 9,936 Provision for credit losses ( 1,320) ( 203) - - ( 13) ( 1,536) Ending balance - unfunded commitments [1] $ 3,491 $ 4,874 $ - $ - $ 35 $ 8,400 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2021 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 225,323 $ 4,871 $ 195,557 $ 16,863 $ 297,136 $ 739,750 Provision for credit losses (benefit) ( 63,773) 255 ( 36,179) ( 4,414) 5,655 ( 98,456) Initial allowance for credit losses - PCD Loans - - 2,811 - - 2,811 Charge-offs ( 14,399) ( 6,620) ( 16,585) ( 3,247) ( 59,606) ( 100,457) Recoveries 21,353 3,405 9,458 2,432 36,482 73,130 Ending balance - loans $ 168,504 $ 1,911 $ 155,062 $ 11,634 $ 279,667 $ 616,778 Allowance for credit losses - unfunded commitments: Beginning balance $ 4,913 $ 4,610 $ - $ - $ - $ 9,523 Provision for credit losses (benefit) ( 2,576) ( 2,542) - - - ( 5,118) Ending balance - unfunded commitments [1] $ 2,337 $ 2,068 $ - $ - $ - $ 4,405 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2021 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 108,057 $ 9,366 $ 20,159 $ 18,918 $ 156,500 Provision for credit losses (benefit) ( 42,607) ( 1,334) ( 5,394) ( 4,133) ( 53,468) Charge-offs ( 1,097) ( 523) ( 3) ( 7,267) ( 8,890) Recoveries 1,957 430 554 4,714 7,655 Ending balance - loans $ 66,310 $ 7,939 $ 15,316 $ 12,232 $ 101,797 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,753 $ 4,469 $ - $ 106 $ 6,328 Provision for credit losses (benefit) ( 599) ( 1,663) - ( 71) ( 2,333) Ending balance - unfunded commitments [1] $ 1,154 $ 2,806 $ - $ 35 $ 3,995 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2021 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 333,380 $ 14,237 $ 215,716 $ 16,863 $ 316,054 $ 896,250 Provision for credit losses (benefit) ( 106,380) ( 1,079) ( 41,573) ( 4,414) 1,522 ( 151,924) Initial allowance for credit losses - PCD Loans - - 2,811 - - 2,811 Charge-offs ( 15,496) ( 7,143) ( 16,588) ( 3,247) ( 66,873) ( 109,347) Recoveries 23,310 3,835 10,012 2,432 41,196 80,785 Ending balance - loans $ 234,814 $ 9,850 $ 170,378 $ 11,634 $ 291,899 $ 718,575 Allowance for credit losses - unfunded commitments: Beginning balance $ 6,666 $ 9,079 $ - $ - $ 106 $ 15,851 Provision for credit losses (benefit) ( 3,175) ( 4,205) - - ( 71) ( 7,451) Ending balance - unfunded commitments [1] $ 3,491 $ 4,874 $ - $ - $ 35 $ 8,400 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.
Schedule of Trouble Debt Restructurings breakdown by Accrual and Nonaccrual Status	September 30, 2022 December 31, 2021 (In thousands) Accruing Non-Accruing Total Related Allowance Accruing Non-Accruing Total Related Allowance Loans held-in-portfolio: Commercial $ 266,036 $ 58,516 $ 324,552 $ 18,932 $ 261,344 $ 64,744 $ 326,088 $ 24,736 Mortgage [1] 1,167,237 85,764 1,253,001 59,995 1,143,204 112,509 1,255,713 61,888 Leasing 126 36 162 26 325 47 372 42 Consumer 55,149 7,776 62,925 13,877 64,093 10,556 74,649 16,124 Loans held-in-portfolio $ 1,488,548 $ 152,092 $ 1,640,640 $ 92,830 $ 1,468,966 $ 187,856 $ 1,656,822 $ 102,790 [1] At September 30, 2022, accruing mortgage loan TDRs include $ 725 million guaranteed by U.S. sponsored entities at BPPR, compared to $ 716 million at December 31, 2021.
Troubled Debt Restructurings Loan Count By Type Of Modification	Popular, Inc. For the quarter ended September 30, 2022 For the nine months ended September 30, 2022 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial real estate non-owner occupied - - 2 - - 1 2 2 Commercial real estate owner occupied 1 3 - 2 2 9 1 2 Commercial and industrial - 3 - - 3 8 1 11 Mortgage 2 63 210 2 6 128 715 3 Leasing - - - - - - 1 - Consumer: Credit cards 7 - - 10 31 - - 32 Personal 28 4 1 - 82 60 1 1 Auto - - - - - 1 - - Total 38 73 213 14 124 207 721 51 Popular, Inc. For the quarter ended September 30, 2021 For the nine months ended September 30, 2021 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial multi-family - - - - - 1 1 - Commercial real estate non-owner occupied - - 1 - - 9 1 - Commercial real estate owner occupied - - - 4 3 23 3 6 Commercial and industrial 1 2 - 8 2 10 - 14 Mortgage 13 35 455 4 35 114 1,273 4 Leasing - - 1 - - - 2 - Consumer: Credit cards 19 - - 12 108 - 1 39 HELOCs - - - - - 1 1 - Personal 28 31 - - 148 94 1 2 Auto - 3 1 - - 5 3 - Other - - - 1 6 - - 1 Total 61 71 458 29 302 257 1,286 66
Troubled Debt Restructurings on Financing Receivables	Popular, Inc. For the quarter ended September 30, 2022 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for loan losses as a result of modification Commercial real estate non-owner occupied 2 $ 1,327 $ 1,326 $ 10 Commercial real estate owner occupied 6 2,488 2,471 ( 47) Commercial and industrial 3 123 117 7 Mortgage 277 28,990 30,192 1,032 Consumer: Credit cards 17 157 154 1 Personal 33 542 539 146 Total 338 $ 33,627 $ 34,799 $ 1,149 Popular, Inc. For the quarter ended September 30, 2021 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for loan losses as a result of modification Commercial real estate non-owner occupied 1 $ 166 $ 173 $ 21 Commercial real estate owner occupied 4 10,878 6,812 10 Commercial and industrial 11 4,750 4,236 642 Mortgage 507 67,293 60,601 1,889 Leasing 1 8 6 1 Consumer: Credit cards 31 265 263 4 Personal 59 756 753 122 Auto 4 107 107 44 Other 1 293 291 122 Total 619 $ 84,516 $ 73,242 $ 2,855 Popular, Inc. For the nine months ended September 30, 2022 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for credit losses as a result of modification Commercial real estate non-owner occupied 5 $ 4,779 $ 4,777 $ 15 Commercial real estate owner occupied 14 15,594 15,567 ( 2,120) Commercial and industrial 23 49,625 49,425 2,067 Mortgage 852 93,773 96,918 3,143 Leasing 1 14 12 2 Consumer: Credit cards 63 567 599 8 Personal 144 2,223 2,297 411 Auto 1 28 28 5 Total 1,103 $ 166,603 $ 169,623 $ 3,531 Popular, Inc. For the nine months ended September 30, 2021 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for credit losses as a result of modification Commercial multi-family 2 $ 246 $ 211 $ 26 Commercial real estate non-owner occupied 10 3,461 3,454 162 Commercial real estate owner occupied 35 91,678 86,768 1,146 Commercial and industrial 26 5,463 4,943 707 Mortgage 1,426 173,041 171,852 5,040 Leasing 2 40 38 5 Consumer: Credit cards 148 1,819 1,745 38 HELOCs 2 176 228 54 Personal 245 3,438 3,434 754 Auto 8 171 176 59 Other 7 304 302 124 Total 1,911 $ 279,837 $ 273,151 $ 8,115
T D R Loans Subsequent Default	Popular, Inc. Defaulted during the quarter ended Defaulted during the nine months ended (Dollars in thousands) Loan count Recorded investment as of first default date Loan count Recorded investment as of first default date Commercial real estate owner occupied 1 $ 560 1 $ 560 Commercial and industrial 2 1,165 5 3,661 Mortgage 35 3,500 73 9,200 Leasing 1 5 1 5 Consumer: Credit cards 4 32 24 185 Personal 15 160 34 558 Total 58 $ 5,422 138 $ 14,169 Popular, Inc. Defaulted during the quarter ended Defaulted during the nine months ended (Dollars in thousands) Loan count Recorded investment as of first default date Loan count Recorded investment as of first default date Commercial real estate non-owner occupied - $ - 4 $ 8,421 Commercial real estate owner occupied 1 383 3 4,138 Commercial and industrial - - 5 317 Mortgage 25 2,503 72 7,514 Consumer: Credit cards 17 202 74 914 Personal 13 158 21 603 Total 56 $ 3,246 179 $ 21,907
Financing Receivable Credit Quality Indicators	September 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Puerto Rico Commercial: Commercial multi-family Watch $ - $ - $ - $ - $ - $ 2,473 $ - $ - $ 2,473 Special mention - - - - - 2,140 - - 2,140 Substandard - - - 980 - 6,079 100 - 7,159 Pass 131,886 23,229 20,902 33,921 24,811 30,797 - - 265,546 Total commercial multi-family $ 131,886 $ 23,229 $ 20,902 $ 34,901 $ 24,811 $ 41,489 $ 100 $ - $ 277,318 Commercial real estate non-owner occupied Watch $ 176 $ 25,806 $ 14,086 $ 15,011 $ 7,966 $ 84,684 $ - $ - $ 147,729 Special Mention - 29,504 20,439 8,115 - 19,518 - - 77,576 Substandard 12,368 203 - 18,891 25,754 64,026 - - 121,242 Pass 884,261 586,270 300,119 94,676 35,767 583,781 14,619 - 2,499,493 Total commercial real estate non-owner occupied $ 896,805 $ 641,783 $ 334,644 $ 136,693 $ 69,487 $ 752,009 $ 14,619 $ - $ 2,846,040 Commercial real estate owner occupied Watch $ 2,400 $ 7,314 $ 6,754 $ 5,448 $ 798 $ 94,104 $ 199 $ - $ 117,017 Special Mention 11 289 1,273 6,624 1,341 72,357 - - 81,895 Substandard 15,720 4,690 1,293 1,136 42,248 89,144 - - 154,231 Doubtful - - - - - 239 - - 239 Pass 147,863 267,014 290,880 47,095 58,154 407,018 16,731 - 1,234,755 Total commercial real estate owner occupied $ 165,994 $ 279,307 $ 300,200 $ 60,303 $ 102,541 $ 662,862 $ 16,930 $ - $ 1,588,137 Commercial and industrial Watch $ 23,095 $ 62,764 $ 21,348 $ 21,929 $ 25,020 $ 54,058 $ 65,716 $ - $ 273,930 Special Mention 5,575 2,524 984 1,199 24,599 47,934 10,422 - 93,237 Substandard 20,362 352 1,714 3,346 13,613 41,563 45,856 - 126,806 Loss - - - - - - 4 - 4 Pass 564,875 673,459 143,943 189,658 113,625 306,555 1,107,996 - 3,100,111 Total commercial and industrial $ 613,907 $ 739,099 $ 167,989 $ 216,132 $ 176,857 $ 450,110 $ 1,229,994 $ - $ 3,594,088 Construction Watch $ 35,748 $ 3,047 $ 10,627 $ - $ - $ - $ 13,252 $ - $ 62,674 Special Mention 858 - - - - - - - 858 Pass 8,769 41,895 68,566 2,223 - - 26,582 - 148,035 Total construction $ 45,375 $ 44,942 $ 79,193 $ 2,223 $ - $ - $ 39,834 $ - $ 211,567 Mortgage Substandard $ - $ - $ 1,070 $ 4,409 $ 4,940 $ 96,176 $ - $ - $ 106,595 Pass 286,023 459,232 289,846 207,850 240,900 4,465,397 - - 5,949,248 Total mortgage $ 286,023 $ 459,232 $ 290,916 $ 212,259 $ 245,840 $ 4,561,573 $ - $ - $ 6,055,843 Leasing Substandard $ 556 $ 1,394 $ 1,090 $ 1,296 $ 760 $ 600 $ - $ - $ 5,696 Pass 534,225 457,662 259,076 163,179 91,252 27,414 - - 1,532,808 Total leasing $ 534,781 $ 459,056 $ 260,166 $ 164,475 $ 92,012 $ 28,014 $ - $ - $ 1,538,504 September 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Puerto Rico Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 10,359 $ - $ 10,359 Loss - - - - - - 1 - 1 Pass - - - - - - 978,156 - 978,156 Total credit cards $ - $ - $ - $ - $ - $ - $ 988,516 $ - $ 988,516 HELOCs Pass - - - - - - 2,957 - 2,957 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,957 $ - $ 2,957 Personal Substandard $ 490 $ 1,898 $ 626 $ 2,234 $ 652 $ 11,378 $ - $ 1,320 $ 18,598 Loss - 111 14 15 - 24 - 1 165 Pass 664,517 369,894 119,562 137,584 55,757 122,396 - 29,483 1,499,193 Total Personal $ 665,007 $ 371,903 $ 120,202 $ 139,833 $ 56,409 $ 133,798 $ - $ 30,804 $ 1,517,956 Auto Substandard $ 2,908 $ 9,394 $ 9,861 $ 9,568 $ 5,039 $ 2,669 $ - $ - $ 39,439 Loss 15 30 - - 27 39 - - 111 Pass 937,173 1,029,958 641,076 474,675 288,185 118,287 - - 3,489,354 Total Auto $ 940,096 $ 1,039,382 $ 650,937 $ 484,243 $ 293,251 $ 120,995 $ - $ - $ 3,528,904 Other consumer Substandard $ - $ - $ 104 $ - $ 559 $ 4 $ 11,045 $ - $ 11,712 Loss - - - - 263 - - - 263 Pass 26,497 19,555 7,129 7,085 4,715 3,259 58,236 - 126,476 Total Other consumer $ 26,497 $ 19,555 $ 7,233 $ 7,085 $ 5,537 $ 3,263 $ 69,281 $ - $ 138,451 Total Puerto Rico $ 4,306,371 $ 4,077,488 $ 2,232,382 $ 1,458,147 $ 1,066,745 $ 6,754,113 $ 2,362,231 $ 30,804 $ 22,288,281 September 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ - $ 8,482 $ 42,367 $ 47,254 $ 12,680 $ 53,890 $ - $ - $ 164,673 Special mention - - 1,204 938 16,535 9,971 - - 28,648 Substandard - - - 66,765 7,410 5,507 - - 79,682 Pass 347,436 402,131 205,944 194,317 138,757 363,429 1,774 - 1,653,788 Total commercial multi-family $ 347,436 $ 410,613 $ 249,515 $ 309,274 $ 175,382 $ 432,797 $ 1,774 $ - $ 1,926,791 Commercial real estate non-owner occupied Watch $ - $ 12,680 $ 17,421 $ 3,370 $ 29,290 $ 27,796 $ - $ - $ 90,557 Special Mention - - - 1,360 - 81,021 - - 82,381 Substandard - 2,883 - 12,413 795 6,783 - - 22,874 Pass 457,826 198,716 211,082 111,346 99,502 388,440 8,711 - 1,475,623 Total commercial real estate non-owner occupied $ 457,826 $ 214,279 $ 228,503 $ 128,489 $ 129,587 $ 504,040 $ 8,711 $ - $ 1,671,435 Commercial real estate owner occupied Watch $ - $ - $ 5,113 $ 1,079 $ 6,647 $ 45,376 $ 4,222 $ - $ 62,437 Special Mention - - - - 5,109 2,503 - - 7,612 Substandard - - - 7,441 6,107 41,727 - - 55,275 Pass 265,762 423,736 140,857 94,271 143,141 279,566 5,754 - 1,353,087 Total commercial real estate owner occupied $ 265,762 $ 423,736 $ 145,970 $ 102,791 $ 161,004 $ 369,172 $ 9,976 $ - $ 1,478,411 Commercial and industrial Watch $ 4,058 $ 2,914 $ 2,401 $ 2,263 $ 8,612 $ 630 $ 15,447 $ - $ 36,325 Special Mention 729 1,080 6,318 288 99 - 4 - 8,518 Substandard 455 1,195 253 4,532 606 1,837 1,865 - 10,743 Loss - 216 992 12 20 9 - - 1,249 Pass 133,809 310,446 366,778 202,325 176,612 395,049 342,785 - 1,927,804 Total commercial and industrial $ 139,051 $ 315,851 $ 376,742 $ 209,420 $ 185,949 $ 397,525 $ 360,101 $ - $ 1,984,639 Construction Watch $ - $ 4,176 $ - $ 6,979 $ 18,310 $ 34,126 $ - $ - $ 63,591 Special Mention - - - - - 13,655 - - 13,655 Substandard - - 1,127 - 5,352 2,095 - - 8,574 Pass 67,657 169,586 136,299 124,518 10,916 9,927 - - 518,903 Total construction $ 67,657 $ 173,762 $ 137,426 $ 131,497 $ 34,578 $ 59,803 $ - $ - $ 604,723 Mortgage Substandard $ - $ 1,595 $ 4,338 $ 4,285 $ 1,051 $ 10,264 $ - $ - $ 21,533 Pass 186,000 307,110 245,092 189,149 58,717 248,269 - - 1,234,337 Total mortgage $ 186,000 $ 308,705 $ 249,430 $ 193,434 $ 59,768 $ 258,533 $ - $ - $ 1,255,870 September 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 34 $ - $ 34 Total credit cards $ - $ - $ - $ - $ - $ - $ 34 $ - $ 34 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,285 $ - $ 804 $ 3,089 Loss - - - - - 158 - 723 881 Pass - - - - - 8,974 41,226 15,669 65,869 Total HELOCs $ - $ - $ - $ - $ - $ 11,417 $ 41,226 $ 17,196 $ 69,839 Personal Substandard $ 242 $ 301 $ 92 $ 290 $ 21 $ 289 $ - $ - $ 1,235 Loss - - - 10 - 15 - - 25 Pass 149,856 53,759 9,475 17,527 3,009 3,179 - - 236,805 Total Personal $ 150,098 $ 54,060 $ 9,567 $ 17,827 $ 3,030 $ 3,483 $ - $ - $ 238,065 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 12 $ - $ 12 Pass - - - - - - 5,088 - 5,088 Total Other consumer $ - $ - $ - $ - $ - $ - $ 5,100 $ - $ 5,100 Total Popular U.S. $ 1,613,830 $ 1,901,006 $ 1,397,153 $ 1,092,732 $ 749,298 $ 2,036,770 $ 426,922 $ 17,196 $ 9,234,907 September 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ - $ 8,482 $ 42,367 $ 47,254 $ 12,680 $ 56,363 $ - $ - $ 167,146 Special mention - - 1,204 938 16,535 12,111 - - 30,788 Substandard - - - 67,745 7,410 11,586 100 - 86,841 Pass 479,322 425,360 226,846 228,238 163,568 394,226 1,774 - 1,919,334 Total commercial multi-family $ 479,322 $ 433,842 $ 270,417 $ 344,175 $ 200,193 $ 474,286 $ 1,874 $ - $ 2,204,109 Commercial real estate non-owner occupied Watch $ 176 $ 38,486 $ 31,507 $ 18,381 $ 37,256 $ 112,480 $ - $ - $ 238,286 Special Mention - 29,504 20,439 9,475 - 100,539 - - 159,957 Substandard 12,368 3,086 - 31,304 26,549 70,809 - - 144,116 Pass 1,342,087 784,986 511,201 206,022 135,269 972,221 23,330 - 3,975,116 Total commercial real estate non-owner occupied $ 1,354,631 $ 856,062 $ 563,147 $ 265,182 $ 199,074 $ 1,256,049 $ 23,330 $ - $ 4,517,475 Commercial real estate owner occupied Watch $ 2,400 $ 7,314 $ 11,867 $ 6,527 $ 7,445 $ 139,480 $ 4,421 $ - $ 179,454 Special Mention 11 289 1,273 6,624 6,450 74,860 - - 89,507 Substandard 15,720 4,690 1,293 8,577 48,355 130,871 - - 209,506 Doubtful - - - - - 239 - - 239 Pass 413,625 690,750 431,737 141,366 201,295 686,584 22,485 - 2,587,842 Total commercial real estate owner occupied $ 431,756 $ 703,043 $ 446,170 $ 163,094 $ 263,545 $ 1,032,034 $ 26,906 $ - $ 3,066,548 Commercial and industrial Watch $ 27,153 $ 65,678 $ 23,749 $ 24,192 $ 33,632 $ 54,688 $ 81,163 $ - $ 310,255 Special Mention 6,304 3,604 7,302 1,487 24,698 47,934 10,426 - 101,755 Substandard 20,817 1,547 1,967 7,878 14,219 43,400 47,721 - 137,549 Loss - 216 992 12 20 9 4 - 1,253 Pass 698,684 983,905 510,721 391,983 290,237 701,604 1,450,781 - 5,027,915 Total commercial and industrial $ 752,958 $ 1,054,950 $ 544,731 $ 425,552 $ 362,806 $ 847,635 $ 1,590,095 $ - $ 5,578,727 September 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Construction Watch $ 35,748 $ 7,223 $ 10,627 $ 6,979 $ 18,310 $ 34,126 $ 13,252 $ - $ 126,265 Special Mention 858 - - - - 13,655 - - 14,513 Substandard - - 1,127 - 5,352 2,095 - - 8,574 Pass 76,426 211,481 204,865 126,741 10,916 9,927 26,582 - 666,938 Total construction $ 113,032 $ 218,704 $ 216,619 $ 133,720 $ 34,578 $ 59,803 $ 39,834 $ - $ 816,290 Mortgage Substandard $ - $ 1,595 $ 5,408 $ 8,694 $ 5,991 $ 106,440 $ - $ - $ 128,128 Pass 472,023 766,342 534,938 396,999 299,617 4,713,666 - - 7,183,585 Total mortgage $ 472,023 $ 767,937 $ 540,346 $ 405,693 $ 305,608 $ 4,820,106 $ - $ - $ 7,311,713 Leasing Substandard $ 556 $ 1,394 $ 1,090 $ 1,296 $ 760 $ 600 $ - $ - $ 5,696 Pass 534,225 457,662 259,076 163,179 91,252 27,414 - - 1,532,808 Total leasing $ 534,781 $ 459,056 $ 260,166 $ 164,475 $ 92,012 $ 28,014 $ - $ - $ 1,538,504 September 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 10,359 $ - $ 10,359 Loss - - - - - - 1 - 1 Pass - - - - - - 978,190 - 978,190 Total credit cards $ - $ - $ - $ - $ - $ - $ 988,550 $ - $ 988,550 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,285 $ - $ 804 $ 3,089 Loss - - - - - 158 - 723 881 Pass - - - - - 8,974 44,183 15,669 68,826 Total HELOCs $ - $ - $ - $ - $ - $ 11,417 $ 44,183 $ 17,196 $ 72,796 Personal Substandard $ 732 $ 2,199 $ 718 $ 2,524 $ 673 $ 11,667 $ - $ 1,320 $ 19,833 Loss - 111 14 25 - 39 - 1 190 Pass 814,373 423,653 129,037 155,111 58,766 125,575 - 29,483 1,735,998 Total Personal $ 815,105 $ 425,963 $ 129,769 $ 157,660 $ 59,439 $ 137,281 $ - $ 30,804 $ 1,756,021 Auto Substandard $ 2,908 $ 9,394 $ 9,861 $ 9,568 $ 5,039 $ 2,669 $ - $ - $ 39,439 Loss 15 30 - - 27 39 - - 111 Pass 937,173 1,029,958 641,076 474,675 288,185 118,287 - - 3,489,354 Total Auto $ 940,096 $ 1,039,382 $ 650,937 $ 484,243 $ 293,251 $ 120,995 $ - $ - $ 3,528,904 Other consumer Substandard $ - $ - $ 104 $ - $ 559 $ 4 $ 11,057 $ - $ 11,724 Loss - - - - 263 - - - 263 Pass 26,497 19,555 7,129 7,085 4,715 3,259 63,324 - 131,564 Total Other consumer $ 26,497 $ 19,555 $ 7,233 $ 7,085 $ 5,537 $ 3,263 $ 74,381 $ - $ 143,551 Total Popular Inc. $ 5,920,201 $ 5,978,494 $ 3,629,535 $ 2,550,879 $ 1,816,043 $ 8,790,883 $ 2,789,153 $ 48,000 $ 31,523,188 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Puerto Rico Commercial: Commercial multi-family Watch $ - $ - $ - $ - $ - $ 4,485 $ - $ - $ 4,485 Special mention - - - - - 3,025 - - 3,025 Substandard - - 982 - - 6,257 100 - 7,339 Pass 24,936 21,288 34,840 25,311 2,066 31,468 11 - 139,920 Total commercial multi-family $ 24,936 $ 21,288 $ 35,822 $ 25,311 $ 2,066 $ 45,235 $ 111 $ - $ 154,769 Commercial real estate non-owner occupied Watch $ 100,465 $ 228,852 $ 25,443 $ 137,044 $ 2,406 $ 205,304 $ 3,237 $ - $ 702,751 Special Mention 18,509 12,563 7,271 - 4,608 24,056 - - 67,007 Substandard 30,155 27,790 24,200 25,456 2,770 72,407 - - 182,778 Pass 513,087 88,662 88,353 37,999 42,522 557,052 9,712 - 1,337,387 Total commercial real estate non-owner occupied $ 662,216 $ 357,867 $ 145,267 $ 200,499 $ 52,306 $ 858,819 $ 12,949 $ - $ 2,289,923 Commercial real estate owner occupied Watch $ 8,393 $ 8,612 $ 8,972 $ 6,958 $ 3,039 $ 121,716 $ - $ - $ 157,690 Special Mention 5,573 857 7,598 1,427 2,449 103,472 - - 121,376 Substandard 6,960 1,028 1,646 35,529 1,869 113,288 - - 160,320 Doubtful - - - - 76 612 - - 688 Pass 238,533 198,442 44,943 23,112 32,585 429,651 16,389 - 983,655 Total commercial real estate owner occupied $ 259,459 $ 208,939 $ 63,159 $ 67,026 $ 40,018 $ 768,739 $ 16,389 $ - $ 1,423,729 Commercial and industrial Watch $ 186,529 $ 12,542 $ 21,536 $ 103,835 $ 14,577 $ 90,776 $ 108,183 $ - $ 537,978 Special Mention 7,380 9,936 14,856 28,473 1,012 28,448 60,397 - 150,502 Substandard 2,190 1,091 3,041 35,826 66,771 45,168 38,003 - 192,090 Doubtful - - - - - 62 - - 62 Pass 843,661 335,369 275,357 84,084 72,580 333,869 702,896 - 2,647,816 Total commercial and industrial $ 1,039,760 $ 358,938 $ 314,790 $ 252,218 $ 154,940 $ 498,323 $ 909,479 $ - $ 3,528,448 Construction Substandard $ - $ - $ 485 $ - $ - $ - $ - $ - $ 485 Pass 21,596 41,622 1,148 - - - 22,260 - 86,626 Total construction $ 21,596 $ 41,622 $ 1,633 $ - $ - $ - $ 22,260 $ - $ 87,111 Mortgage Substandard $ - $ 954 $ 5,212 $ 5,613 $ 4,310 $ 122,690 $ - $ - $ 138,779 Pass 463,742 304,780 223,464 265,239 194,982 4,660,880 - - 6,113,087 Total mortgage $ 463,742 $ 305,734 $ 228,676 $ 270,852 $ 199,292 $ 4,783,570 $ - $ - $ 6,251,866 Leasing Substandard $ 124 $ 618 $ 880 $ 613 $ 613 $ 235 $ - $ - $ 3,083 Loss - - - 1 16 2 - - 19 Pass 613,452 328,085 222,770 133,112 62,881 17,917 - - 1,378,217 Total leasing $ 613,576 $ 328,703 $ 223,650 $ 133,726 $ 63,510 $ 18,154 $ - $ - $ 1,381,319 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Puerto Rico Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 8,577 $ - $ 8,577 Pass - - - - - - 911,274 - 911,274 Total credit cards $ - $ - $ - $ - $ - $ - $ 919,851 $ - $ 919,851 HELOCs Substandard $ - $ - $ - $ - $ - $ - $ 23 $ - $ 23 Pass - - - - - - 3,548 - 3,548 Total HELOCs $ - $ - $ - $ - $ - $ - $ 3,571 $ - $ 3,571 Personal Substandard $ 426 $ 610 $ 2,105 $ 866 $ 936 $ 15,680 $ - $ 1,385 $ 22,008 Loss 30 2 3 - - 3 - - 38 Pass 539,604 197,652 227,328 91,341 53,630 120,065 - 36,394 1,266,014 Total Personal $ 540,060 $ 198,264 $ 229,436 $ 92,207 $ 54,566 $ 135,748 $ - $ 37,779 $ 1,288,060 Auto Substandard $ 3,080 $ 7,520 $ 9,498 $ 4,739 $ 2,210 $ 1,422 $ - $ - $ 28,469 Loss 42 11 - - - - - - 53 Pass 1,259,800 808,339 637,300 420,293 177,104 80,829 - - 3,383,665 Total Auto $ 1,262,922 $ 815,870 $ 646,798 $ 425,032 $ 179,314 $ 82,251 $ - $ - $ 3,412,187 Other consumer Substandard $ - $ 114 $ 21 $ 487 $ - $ 135 $ 11,250 $ - $ 12,007 Loss - - - 579 - 34 - - 613 Pass 24,845 9,781 9,348 5,610 3,914 947 57,483 - 111,928 Total Other consumer $ 24,845 $ 9,895 $ 9,369 $ 6,676 $ 3,914 $ 1,116 $ 68,733 $ - $ 124,548 Total Puerto Rico $ 4,913,112 $ 2,647,120 $ 1,898,600 $ 1,473,547 $ 749,926 $ 7,191,955 $ 1,953,343 $ 37,779 $ 20,865,382 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ 8,600 $ 41,348 $ 56,229 $ 20,682 $ 37,343 $ 48,753 $ - $ - $ 212,955 Special mention - 3,752 9,013 30,244 11,071 28,297 - - 82,377 Substandard - - 67,149 12,748 - 18,644 - - 98,541 Pass 422,613 241,805 201,298 144,534 46,809 352,724 4,205 - 1,413,988 Total commercial multi-family $ 431,213 $ 286,905 $ 333,689 $ 208,208 $ 95,223 $ 448,418 $ 4,205 $ - $ 1,807,861 Commercial real estate non-owner occupied Watch $ 12,716 $ 22,109 $ 42,067 $ 56,576 $ 28,604 $ 154,289 $ 780 $ - $ 317,141 Special Mention 2,939 - 3,205 7,025 10,573 15,569 - - 39,311 Substandard - 756 6,405 14,544 11,384 60,323 - - 93,412 Pass 543,667 356,071 156,925 211,432 250,516 346,606 8,386 - 1,873,603 Total commercial real estate non-owner occupied $ 559,322 $ 378,936 $ 208,602 $ 289,577 $ 301,077 $ 576,787 $ 9,166 $ - $ 2,323,467 Commercial real estate owner occupied Watch $ - $ 239 $ 7,825 $ 8,150 $ 1,676 $ 17,132 $ 4,222 $ - $ 39,244 Special Mention - - - - - 1,800 - - 1,800 Substandard - - 1,148 2,878 - 20,841 - - 24,867 Pass 129,898 46,737 34,355 23,845 26,236 63,463 3,928 - 328,462 Total commercial real estate owner occupied $ 129,898 $ 46,976 $ 43,328 $ 34,873 $ 27,912 $ 103,236 $ 8,150 $ - $ 394,373 Commercial and industrial Watch $ 3,747 $ 4,667 $ 4,292 $ 9,273 $ 5 $ 1,530 $ 3,925 $ - $ 27,439 Special Mention 2,504 7,203 670 481 59 215 8,177 - 19,309 Substandard 537 97 4,559 495 168 1,890 159 - 7,905 Loss 262 58 108 17 51 191 - - 687 Pass 273,254 339,564 211,695 191,086 115,146 339,336 284,710 - 1,754,791 Total commercial and industrial $ 280,304 $ 351,589 $ 221,324 $ 201,352 $ 115,429 $ 343,162 $ 296,971 $ - $ 1,810,131 Construction Watch $ - $ 14,300 $ 23,547 $ 28,757 $ 34,205 $ - $ - $ - $ 100,809 Special Mention - - - - - 13,622 - - 13,622 Substandard - - - 15,438 10,231 - - - 25,669 Pass 130,587 136,045 165,105 13,634 36,500 7,138 - - 489,009 Total construction $ 130,587 $ 150,345 $ 188,652 $ 57,829 $ 80,936 $ 20,760 $ - $ - $ 629,109 Mortgage Substandard $ - $ 4,338 $ 3,894 $ 967 $ 217 $ 12,680 $ - $ - $ 22,096 Pass 326,641 266,212 215,071 61,986 6,376 276,948 - - 1,153,234 Total mortgage $ 326,641 $ 270,550 $ 218,965 $ 62,953 $ 6,593 $ 289,628 $ - $ - $ 1,175,330 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 10 $ - $ 10 Total credit cards $ - $ - $ - $ - $ - $ - $ 10 $ - $ 10 HELOCs Substandard $ - $ - $ - $ - $ - $ 3,006 $ - $ 935 $ 3,941 Loss - - - - - 207 - 1,258 1,465 Pass - - - - - 11,423 38,267 20,195 69,885 Total HELOCs $ - $ - $ - $ - $ - $ 14,636 $ 38,267 $ 22,388 $ 75,291 Personal Substandard $ 72 $ 81 $ 250 $ 73 $ 17 $ 163 $ 2 $ - $ 658 Loss - - 4 - - 19 - - 23 Pass 75,538 19,411 43,346 7,418 2,802 5,625 124 - 154,264 Total Personal $ 75,610 $ 19,492 $ 43,600 $ 7,491 $ 2,819 $ 5,807 $ 126 $ - $ 154,945 Other consumer Pass $ - $ - $ - $ - $ - $ - $ 4,658 $ - $ 4,658 Total Other consumer $ - $ - $ - $ - $ - $ - $ 4,658 $ - $ 4,658 Total Popular U.S. $ 1,933,575 $ 1,504,793 $ 1,258,160 $ 862,283 $ 629,989 $ 1,802,434 $ 361,553 $ 22,388 $ 8,375,175 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ 8,600 $ 41,348 $ 56,229 $ 20,682 $ 37,343 $ 53,238 $ - $ - $ 217,440 Special mention - 3,752 9,013 30,244 11,071 31,322 - - 85,402 Substandard - - 68,131 12,748 - 24,901 100 - 105,880 Pass 447,549 263,093 236,138 169,845 48,875 384,192 4,216 - 1,553,908 Total commercial multi-family $ 456,149 $ 308,193 $ 369,511 $ 233,519 $ 97,289 $ 493,653 $ 4,316 $ - $ 1,962,630 Commercial real estate non-owner occupied Watch $ 113,181 $ 250,961 $ 67,510 $ 193,620 $ 31,010 $ 359,593 $ 4,017 $ - $ 1,019,892 Special Mention 21,448 12,563 10,476 7,025 15,181 39,625 - - 106,318 Substandard 30,155 28,546 30,605 40,000 14,154 132,730 - - 276,190 Pass 1,056,754 444,733 245,278 249,431 293,038 903,658 18,098 - 3,210,990 Total commercial real estate non-owner occupied $ 1,221,538 $ 736,803 $ 353,869 $ 490,076 $ 353,383 $ 1,435,606 $ 22,115 $ - $ 4,613,390 Commercial real estate owner occupied Watch $ 8,393 $ 8,851 $ 16,797 $ 15,108 $ 4,715 $ 138,848 $ 4,222 $ - $ 196,934 Special Mention 5,573 857 7,598 1,427 2,449 105,272 - - 123,176 Substandard 6,960 1,028 2,794 38,407 1,869 134,129 - - 185,187 Doubtful - - - - 76 612 - - 688 Pass 368,431 245,179 79,298 46,957 58,821 493,114 20,317 - 1,312,117 Total commercial real estate owner occupied $ 389,357 $ 255,915 $ 106,487 $ 101,899 $ 67,930 $ 871,975 $ 24,539 $ - $ 1,818,102 Commercial and industrial Watch $ 190,276 $ 17,209 $ 25,828 $ 113,108 $ 14,582 $ 92,306 $ 112,108 $ - $ 565,417 Special Mention 9,884 17,139 15,526 28,954 1,071 28,663 68,574 - 169,811 Substandard 2,727 1,188 7,600 36,321 66,939 47,058 38,162 - 199,995 Doubtful - - - - - 62 - - 62 Loss 262 58 108 17 51 191 - - 687 Pass 1,116,915 674,933 487,052 275,170 187,726 673,205 987,606 - 4,402,607 Total commercial and industrial $ 1,320,064 $ 710,527 $ 536,114 $ 453,570 $ 270,369 $ 841,485 $ 1,206,450 $ - $ 5,338,579 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular, Inc. Construction Watch $ - $ 14,300 $ 23,547 $ 28,757 $ 34,205 $ - $ - $ - $ 100,809 Special Mention - - - - - 13,622 - - 13,622 Substandard - - 485 15,438 10,231 - - - 26,154 Pass 152,183 177,667 166,253 13,634 36,500 7,138 22,260 - 575,635 Total construction $ 152,183 $ 191,967 $ 190,285 $ 57,829 $ 80,936 $ 20,760 $ 22,260 $ - $ 716,220 Mortgage Substandard $ - $ 5,292 $ 9,106 $ 6,580 $ 4,527 $ 135,370 $ - $ - $ 160,875 Pass 790,383 570,992 438,535 327,225 201,358 4,937,828 - - 7,266,321 Total mortgage $ 790,383 $ 576,284 $ 447,641 $ 333,805 $ 205,885 $ 5,073,198 $ - $ - $ 7,427,196 Leasing Substandard $ 124 $ 618 $ 880 $ 613 $ 613 $ 235 $ - $ - $ 3,083 Loss - - - 1 16 2 - - 19 Pass 613,452 328,085 222,770 133,112 62,881 17,917 - - 1,378,217 Total leasing $ 613,576 $ 328,703 $ 223,650 $ 133,726 $ 63,510 $ 18,154 $ - $ - $ 1,381,319 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular, Inc. Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 8,577 $ - $ 8,577 Pass - - - - - - 911,284 - 911,284 Total credit cards $ - $ - $ - $ - $ - $ - $ 919,861 $ - $ 919,861 HELOCs Substandard $ - $ - $ - $ - $ - $ 3,006 $ 23 $ 935 $ 3,964 Loss - - - - - 207 - 1,258 1,465 Pass - - - - - 11,423 41,815 20,195 73,433 Total HELOCs $ - $ - $ - $ - $ - $ 14,636 $ 41,838 $ 22,388 $ 78,862 Personal Substandard $ 498 $ 691 $ 2,355 $ 939 $ 953 $ 15,843 $ 2 $ 1,385 $ 22,666 Loss 30 2 7 - - 22 - - 61 Pass 615,142 217,063 270,674 98,759 56,432 125,690 124 36,394 1,420,278 Total Personal $ 615,670 $ 217,756 $ 273,036 $ 99,698 $ 57,385 $ 141,555 $ 126 $ 37,779 $ 1,443,005 Auto Substandard $ 3,080 $ 7,520 $ 9,498 $ 4,739 $ 2,210 $ 1,422 $ - $ - $ 28,469 Loss 42 11 - - - - - - 53 Pass 1,259,800 808,339 637,300 420,293 177,104 80,829 - - 3,383,665 Total Auto $ 1,262,922 $ 815,870 $ 646,798 $ 425,032 $ 179,314 $ 82,251 $ - $ - $ 3,412,187 Other consumer Substandard $ - $ 114 $ 21 $ 487 $ - $ 135 $ 11,250 $ - $ 12,007 Loss - - - 579 - 34 - - 613 Pass 24,845 9,781 9,348 5,610 3,914 947 62,141 - 116,586 Total Other consumer $ 24,845 $ 9,895 $ 9,369 $ 6,676 $ 3,914 $ 1,116 $ 73,391 $ - $ 129,206 Total Popular Inc. $ 6,846,687 $ 4,151,913 $ 3,156,760 $ 2,335,830 $ 1,379,915 $ 8,994,389 $ 2,314,896 $ 60,167 $ 29,240,557

Mortgage banking activities (Ta

Mortgage banking activities (Tables)	9 Months Ended
	Sep. 30, 2022
Mortgage Banking [Abstract]
Mortgage Banking Activities	Quarters ended September 30, Nine months ended September 30, (In thousands) 2022 2021 2022 2021 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 9,126 $ 9,376 $ 27,635 $ 28,613 Mortgage servicing rights fair value adjustments ( 499) ( 5,979) 2,846 ( 11,706) Total mortgage servicing fees, net of fair value adjustments 8,627 3,397 30,481 16,907 Net gain (loss) on sale of loans, including valuation on loans held-for-sale 1,124 6,084 ( 374) 16,256 Trading account (loss) profit: Realized (losses) gains on closed derivative positions ( 240) ( 1,004) 6,325 632 Total trading account (loss) profit ( 240) ( 1,004) 6,325 632 Losses on repurchased loans, including interest advances ( 63) ( 170) ( 544) ( 697) Total mortgage banking activities $ 9,448 $ 8,307 $ 35,888 $ 33,098

Transfers of financial assets_2

Transfers of financial assets and mortgage servicing assets (Tables)	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing of Financial Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	Proceeds Obtained During the Quarter Ended September 30, 2022 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 14,190 $ - $ 14,190 Mortgage-backed securities - FNMA - 21,685 - 21,685 Total trading account debt securities $ - $ 35,875 $ - $ 35,875 Mortgage servicing rights $ - $ - $ 809 $ 809 Total $ - $ 35,875 $ 809 $ 36,684 Proceeds Obtained During the Nine months Ended September 30, 2022 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 169,352 $ - $ 169,352 Mortgage-backed securities - FNMA - 117,015 - 117,015 Mortgage-backed securities - FHLMC - 8,505 - 8,505 Total trading account debt securities $ - $ 294,872 $ - $ 294,872 Mortgage servicing rights $ - $ - $ 5,179 $ 5,179 Total $ - $ 294,872 $ 5,179 $ 300,051 Proceeds Obtained During the Quarter Ended September 30, 2021 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 84,896 $ - $ 84,896 Mortgage-backed securities - FNMA - 76,118 - 76,118 Mortgage-backed securities - FHLMC - 4,268 - 4,268 Total trading account debt securities $ - $ 165,282 $ - $ 165,282 Mortgage servicing rights $ - $ - $ 2,597 $ 2,597 Total $ - $ 165,282 $ 2,597 $ 167,879 Proceeds Obtained During the Nine months Ended September 30, 2021 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 293,613 $ - $ 293,613 Mortgage-backed securities - FNMA - 234,953 - 234,953 Mortgage-backed securities - FHLMC - 17,769 - 17,769 Total trading account debt securities $ - $ 546,335 $ - $ 546,335 Mortgage servicing rights $ - $ - $ 8,286 $ 8,286 Total $ - $ 546,335 $ 8,286 $ 554,621
Changes in MSRs measured using the fair value method	Residential MSRs (In thousands) September 30, 2022 September 30, 2021 Fair value at beginning of period $ 121,570 $ 118,395 Additions 6,195 9,888 Changes due to payments on loans [1] ( 8,178) ( 11,873) Reduction due to loan repurchases ( 646) ( 1,047) Changes in fair value due to changes in valuation model inputs or assumptions 11,556 1,214 Other 44 ( 10) Fair value at end of period [2] $ 130,541 $ 116,567 [1] Represents changes due to collection / realization of expected cash flows over time. [2] At September 30, 2022, PB had MSRs amounting to $ 2.0 million (September 30, 2021 - $ 1.4 million).
Key economic assumptions used in measuring the servicing rights retained at the date of the residential mortgage loan securitizations and whole loan sales by the banking subsidiaries	Quarters ended Nine months ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 BPPR PB BPPR PB BPPR PB BPPR PB Prepayment speed 5.5 % 7.2 % 5.8 % 13.7 % 5.2 % 8.4 % 6.9 % 20.5 % Weighted average life (in years) 9.5 8.2 8.8 5.9 9.7 7.7 8.3 15.4 Discount rate (annual rate) 10.7 % 10.0 % 10.5 % 10.0 % 10.5 % 9.8 % 10.5 % 10.9 %
Key economic assumptions used to estimate the fair value of MSRs derived from sales and securitizations of mortgage loans performed by the banking subsidiaries and servicing rights purchased from other financial institutions	Originated MSRs Purchased MSRs September 30, December 31, September 30, December 31, (In thousands) 2022 2021 2022 2021 Fair value of servicing rights $ 42,739 $ 40,058 $ 87,802 $ 81,512 Weighted average life (in years) 6.8 7.1 6.8 7.5 Weighted average prepayment speed (annual rate) 6.2 % 7.7 % 7.3 % 7.6 % Impact on fair value of 10% adverse change $ ( 763) $ ( 1,500) $ ( 1,645) $ ( 1,486) Impact on fair value of 20% adverse change $ ( 1,496) $ ( 2,359) $ ( 3,225) $ ( 3,495) Weighted average discount rate (annual rate) 11.2 % 11.2 % 11.0 % 11.0 % Impact on fair value of 10% adverse change $ ( 1,504) $ ( 2,079) $ ( 3,242) $ ( 2,731) Impact on fair value of 20% adverse change $ ( 2,913) $ ( 3,452) $ ( 6,278) $ ( 5,832)

Other real estate owned (Tables

Other real estate owned (Tables)	9 Months Ended
	Sep. 30, 2022
Other Real Estate [Abstract]
Other real estate owned	For the quarter ended September 30, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 14,250 $ 77,887 $ 92,137 Write-downs in value ( 84) ( 376) ( 460) Additions 1,711 13,975 15,686 Sales ( 1,984) ( 12,065) ( 14,049) Other adjustments - ( 75) ( 75) Ending balance $ 13,893 $ 79,346 $ 93,239 For the quarter ended September 30, 2021 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 14,581 $ 58,691 $ 73,272 Write-downs in value ( 522) ( 245) ( 767) Additions 1,693 17,395 19,088 Sales ( 1,734) ( 12,588) ( 14,322) Other adjustments 217 ( 660) ( 443) Ending balance $ 14,235 $ 62,593 $ 76,828 For the nine months ended September 30, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,017 $ 70,060 $ 85,077 Write-downs in value ( 934) ( 949) ( 1,883) Additions 5,230 53,878 59,108 Sales ( 5,528) ( 43,110) ( 48,638) Other adjustments 108 ( 533) ( 425) Ending balance $ 13,893 $ 79,346 $ 93,239 For the nine months ended September 30, 2021 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 13,214 $ 69,932 $ 83,146 Write-downs in value ( 986) ( 1,764) ( 2,750) Additions 7,668 36,335 44,003 Sales ( 6,059) ( 40,967) ( 47,026) Other adjustments 398 ( 943) ( 545) Ending balance $ 14,235 $ 62,593 $ 76,828

Other assets (Tables)

Other assets (Tables)	9 Months Ended
	Sep. 30, 2022
Other Assets Abstract
Other Assets by Major Categories	(In thousands) September 30, 2022 December 31, 2021 Net deferred tax assets (net of valuation allowance) $ 907,419 $ 657,597 Investments under the equity method 203,172 298,988 Prepaid taxes 46,818 37,924 Other prepaid expenses 42,682 34,937 Capitalized software costs 82,246 44,908 Derivative assets 16,653 26,093 Trades receivable from brokers and counterparties 13,203 65,460 Principal, interest and escrow servicing advances 44,144 53,942 Guaranteed mortgage loan claims receivable 77,618 98,001 Operating ROU assets (Note 28) 119,471 141,748 Finance ROU assets (Note 28) 18,705 13,459 Others 128,247 155,514 Total other assets $ 1,700,378 $ 1,628,571
Composition of acquired or developed software costs	The following table summarizes the composition of acquired or developed software costs as well as costs related to hosting arrangements: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value September 30, 2022 Software development costs [1] $ 74,845 $ 24,562 $ 50,283 Software license costs 201,314 180,212 21,102 Cloud computing arrangements 22,661 11,800 10,861 Total Capitalized software costs $ 298,820 $ 216,574 $ 82,246 December 31, 2021 Software development costs $ 40,033 $ 18,972 $ 21,061 Software license costs 168,862 154,571 14,291 Cloud computing arrangements 18,346 8,790 9,556 Total Capitalized software costs $ 227,241 $ 182,333 $ 44,908 [1] Software development costs includes $ 28.7 million acquired as part of the Evertec Transactions.
Amortization expense for all capitalized software and hosting arrangement cost	Total amortization expense for all capitalized software and hosting arrangement cost, reflected as part of equipment expenses, is as follows: Quarters ended September 30, Nine months ended September 30, (In thousands) 2022 2021 2022 2021 Software development and license costs $ 14,589 $ 11,741 $ 39,357 $ 33,429 Cloud computing arrangements 983 887 3,010 2,818 Total amortization expense $ 15,572 $ 12,628 $ 42,367 $ 36,247

Goodwill and other intangible_2

Goodwill and other intangible assets (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure
Components of other intangible assets subject to amortization	Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value September 30, 2022 Core deposits $ 12,810 $ 9,714 $ 3,096 Other customer relationships 14,286 4,404 9,882 Total other intangible assets $ 27,096 $ 14,118 $ 12,978 December 31, 2021 Core deposits $ 12,810 $ 8,754 $ 4,056 Other customer relationships 14,286 2,883 11,403 Total other intangible assets $ 27,096 $ 11,637 $ 15,459
Estimated amortization of the intangible assets with definite useful lives	(In thousands) Remaining 2022 $ 794 Year 2023 3,179 Year 2024 2,938 Year 2025 1,750 Year 2026 1,440 Later years 2,877
Goodwill and accumulated impairment losses by reportable segments	The changes in the carrying amount of goodwill for the nine months ended September 30, 2022, allocated by reportable segments, were as follows (refer to Note 33 for the definition of the Corporation’s reportable segments): 2022 Balance at Goodwill on Goodwill Balance at (In thousands) January 1, 2022 acquisition impairment September 30,2022 Banco Popular de Puerto Rico $ 320,248 $ 116,135 $ - $ 436,383 Popular U.S. 400,045 - ( 9,000) 391,045 Total Popular, Inc. $ 720,293 $ 116,135 $ ( 9,000) $ 827,428 The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments . September 30, 2022 Balance at Balance at September 30, Accumulated September 30, 2022 impairment 2022 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 173,411 391,045 Total Popular, Inc. $ 1,004,640 $ 177,212 $ 827,428 December 31, 2021 Balance at Balance at December 31, Accumulated December 31, 2021 impairment 2021 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 324,049 $ 3,801 $ 320,248 Popular U.S. 564,456 164,411 400,045 Total Popular, Inc. $ 888,505 $ 168,212 $ 720,293

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2022
Deposits [Abstract]
Interest bearing deposits	(In thousands) September 30, 2022 December 31, 2021 Savings accounts $ 15,818,260 $ 15,871,998 NOW, money market and other interest bearing demand deposits 24,466,437 28,736,459 Total savings, NOW, money market and other interest bearing demand deposits 40,284,697 44,608,457 Certificates of deposit: Under $250,000 4,108,397 4,086,059 $250,000 and over 2,820,894 2,626,090 Total certificates of deposit 6,929,291 6,712,149 Total interest bearing deposits $ 47,213,988 $ 51,320,606
Summary of certificates of deposits by maturity	(In thousands) 2022 $ 2,384,127 2023 2,060,978 2024 889,589 2025 652,629 2026 449,915 2027 and thereafter 492,053 Total certificates of deposit $ 6,929,291

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of repurchase agreements	Repurchase agreements accounted for as secured borrowings September 30, 2022 December 31, 2021 Repurchase Repurchase (In thousands) liability liability U.S. Treasury securities Within 30 days $ 27,381 $ 19,538 After 30 to 90 days 13,790 30,295 After 90 days 17,448 29,036 Total U.S. Treasury securities 58,619 78,869 Mortgage-backed securities Within 30 days 96,572 11,733 After 90 days 6,980 722 Total mortgage-backed securities 103,552 12,455 Collateralized mortgage obligations Within 30 days 279 279 Total collateralized mortgage obligations 279 279 Total $ 162,450 $ 91,603
Notes payable	Notes Payable The following table presents the composition of notes payable at September 30, 2022 and December 31, 2021. (In thousands) September 30, 2022 December 31, 2021 Advances with the FHLB with maturities ranging from 2022 through 2029 paying interest at monthly fixed rates ranging from 0.39% to 3.18% $ 391,429 $ 492,429 Unsecured senior debt securities maturing on 2023 paying interest semiannually at a fixed rate of 6.125%, net of debt issuance costs of $ 1,208 298,793 297,842 Junior subordinated deferrable interest debentures (related to trust preferred securities) maturing on 2034 with fixed interest rates ranging from 6.125% to 6.564%, net of debt issuance costs of $ 322 198,312 198,292 Total notes payable $ 888,534 $ 988,563 Note: Refer to the Corporation's 2021 Form 10-K for rates information at December 31, 2021.
Borrowings by contractual maturities	A breakdown of borrowings by contractual maturities at September 30, 2022 is included in the table below. Assets sold under Short-term (In thousands) agreements to repurchase borrowings Notes payable Total 2022 $ 138,022 $ 250,000 $ 2,148 $ 390,170 2023 24,428 - 342,053 366,481 2024 - - 91,943 91,943 2025 - - 139,920 139,920 2026 - - 74,500 74,500 Later years - - 237,970 237,970 Total borrowings $ 162,450 $ 250,000 $ 888,534 $ 1,300,984

Other liabilities (Tables)

Other liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Other Liabilities Disclosure [Abstract]
Other Liabilities Table Text Block	(In thousands) September 30, 2022 December 31, 2021 Accrued expenses $ 344,197 $ 308,594 Accrued interest payable 28,291 33,227 Accounts payable 79,430 91,804 Dividends payable 39,973 35,937 Trades payable 5,793 13,789 Liability for GNMA loans sold with an option to repurchase 8,821 12,806 Reserves for loan indemnifications 7,947 12,639 Reserve for operational losses 37,507 43,886 Operating lease liabilities (Note 28) 131,422 154,114 Finance lease liabilities (Note 28) 24,692 19,719 Pension benefit obligation 7,931 8,778 Postretirement benefit obligation 158,242 161,988 Others 60,280 70,967 Total other liabilities $ 934,526 $ 968,248

Other comprehensive (loss) in_2

Other comprehensive (loss) income (Tables)	9 Months Ended
	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss)
Schedule of accumulated other comprehensive income	Changes in Accumulated Other Comprehensive Loss by Component [1] Quarters ended Nine months ended September 30, September 30, (In thousands) 2022 2021 2022 2021 Foreign currency translation Beginning Balance $ ( 64,167) $ ( 67,959) $ ( 67,307) $ ( 71,254) Other comprehensive income 7,206 ( 1,265) 10,346 2,030 Net change 7,206 ( 1,265) 10,346 2,030 Ending balance $ ( 56,961) $ ( 69,224) $ ( 56,961) $ ( 69,224) Adjustment of pension and postretirement benefit plans Beginning Balance $ ( 152,837) $ ( 188,572) $ ( 158,994) $ ( 195,056) Other comprehensive income before reclassifications - - 1,269 - Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 2,444 3,242 7,332 9,726 Net change 2,444 3,242 8,601 9,726 Ending balance $ ( 150,393) $ ( 185,330) $ ( 150,393) $ ( 185,330) Unrealized net holding (losses) gains on debt securities Beginning Balance $ ( 1,735,370) $ 163,982 $ ( 96,120) $ 460,900 Other comprehensive loss ( 781,898) ( 46,956) ( 2,421,148) ( 343,874) Amounts reclassified from accumulated other comprehensive (loss) income for gains on securities - ( 18) - ( 18) Net change ( 781,898) ( 46,974) ( 2,421,148) ( 343,892) Ending balance $ ( 2,517,268) $ 117,008 $ ( 2,517,268) $ 117,008 Unrealized net gains (losses) on cash flow hedges Beginning Balance $ ( 642) $ ( 3,142) $ ( 2,648) $ ( 4,599) Other comprehensive income (loss) before reclassifications 415 ( 465) 3,222 662 Amounts reclassified from accumulated other comprehensive income (loss) 518 1,058 ( 283) 1,388 Net change 933 593 2,939 2,050 Ending balance $ 291 $ ( 2,549) $ 291 $ ( 2,549) Total $ ( 2,724,331) $ ( 140,095) $ ( 2,724,331) $ ( 140,095) [1] All amounts presented are net of tax.
Reclassification out of accumulated other comprehensive income	Reclassifications Out of Accumulated Other Comprehensive Loss Quarters ended Nine months ended Affected Line Item in the September 30, September 30, (In thousands) Consolidated Statements of Operations 2022 2021 2022 2021 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ ( 3,911) $ ( 5,187) $ ( 11,733) $ ( 15,566) Total before tax ( 3,911) ( 5,187) ( 11,733) ( 15,566) Income tax benefit 1,467 1,945 4,401 5,840 Total net of tax $ ( 2,444) $ ( 3,242) $ ( 7,332) $ ( 9,726) Realized gain on sale of debt securities Net gain on sale of debt securities - 23 - 23 Total before tax - 23 - 23 Income tax expense - ( 5) - ( 5) Total net of tax $ - $ 18 $ - $ 18 Unrealized net gains (losses) on cash flow hedges Forward contracts Mortgage banking activities $ ( 828) $ ( 1,229) $ 1,249 $ ( 854) Interest rate swaps Other operating income - ( 289) ( 498) ( 853) Total before tax ( 828) ( 1,518) 751 ( 1,707) Income tax benefit 310 460 ( 468) 319 Total net of tax $ ( 518) $ ( 1,058) $ 283 $ ( 1,388) Total reclassification adjustments, net of tax $ ( 2,962) $ ( 4,282) $ ( 7,049) $ ( 11,096)

Guarantees (Tables)

Guarantees (Tables)	9 Months Ended
	Sep. 30, 2022
Guarantee on loans sold or serviced with credit recourse
Guarantor Obligations
Credit recourse agreements reserve	Quarters ended September 30, Nine months ended September 30, (In thousands) 2022 2021 2022 2021 Balance as of beginning of period $ 9,095 $ 15,662 $ 11,800 $ 22,484 Provision (benefit) for recourse liability ( 1,718) ( 1,959) ( 2,067) ( 2,710) Net charge-offs ( 184) ( 1,052) ( 2,540) ( 7,123) Balance as of end of period $ 7,193 $ 12,651 $ 7,193 $ 12,651

Commitments and contingencies (

Commitments and contingencies (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure
Financial Instruments with Off-Balance Sheet Credit Risk, Whose Contract Amounts Represent Potential Credit Risk	Financial instruments with off-balance sheet credit risk, whose contract amounts represent potential credit risk as of the end of the periods presented were as follows: (In thousands) September 30, 2022 December 31, 2021 Commitments to extend credit: Credit card lines $ 5,811,972 $ 5,382,089 Commercial and construction lines of credit 4,197,401 3,830,601 Other consumer unused credit commitments 249,167 250,229 Commercial letters of credit 1,687 3,260 Standby letters of credit 22,049 27,848 Commitments to originate or fund mortgage loans 80,102 95,372
Direct exposure to the Puerto Rico government by maturity	The following table details the loans and investments representing the Corporation’s direct exposure to the Puerto Rico government according to their maturities as of September 30, 2022: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 13 $ - $ 13 $ 13 After 5 to 10 years 1 - 1 1 After 10 years 28 - 28 28 Total Central Government 42 - 42 42 Municipalities Within 1 year 4,530 23,618 28,148 46,337 After 1 to 5 years 19,105 100,776 119,881 144,881 After 5 to 10 years 1,025 123,290 124,315 124,315 After 10 years - 49,831 49,831 49,831 Total Municipalities 24,660 297,515 322,175 365,364 Total Direct Government Exposure $ 24,702 $ 297,515 $ 322,217 $ 365,406

Non-consolidated variable int_2

Non-consolidated variable interest entities (Tables)	9 Months Ended
	Sep. 30, 2022
Variable Interest Entity
Carrying Amount and Classification of Assets Related to the Corporation's Variable Interests in Non-Consolidated VIEs and Maximum Exposure to Loss	(In thousands) September 30, 2022 December 31, 2021 Assets Servicing assets: Mortgage servicing rights $ 100,468 $ 94,464 Total servicing assets $ 100,468 $ 94,464 Other assets: Servicing advances $ 6,580 $ 7,968 Total other assets $ 6,580 $ 7,968 Total assets $ 107,048 $ 102,432 Maximum exposure to loss $ 107,048 $ 102,432

Related party transactions (Tab

Related party transactions (Tables) - EVERTEC Inc.	9 Months Ended
	Sep. 30, 2022
Proportionate Share Of Income Loss And Changes In Stockholders Equity	Quarter ended Nine months ended (In thousands) September 30.2022 September 30, 2022 Share of Evertec income and Gain from the Evertec Transactions and related accounting adjustments [1] $ 257,712 $ 269,539 Share of other changes in Evertec's stockholders' equity - 3,168 Share of Evertec's changes in equity recognized in income and Gain from the Evertec Transactions and related accounting adjustments $ 257,712 $ 272,707 [1] The Gain from the Evertec Transactions and related accounting adjustments are reflected within Other operating income in the accompanying consolidated financial statements. As discussed in Note 4, the Corporation recognized an additional $17.3 million as an operating expense in connection with the Business Acquisition Transaction. Quarter ended Nine months ended (In thousands) September 30, 2021 September 30, 2021 Share of income from the investment in Evertec $ 5,709 $ 19,426 Share of other changes in Evertec's stockholders' equity 610 1,009 Share of Evertec's changes in equity recognized in income $ 6,319 $ 20,435
Income Statement Data Resulting From Related Party Transactions	Nine months ended (In thousands) September 30, 2022 [1] Category Interest expense on deposits $ ( 267) Interest expense ATH and credit cards interchange income from services to Evertec 13,955 Other service fees Rental income charged to Evertec 3,258 Net occupancy Processing fees on services provided by Evertec ( 128,681) Professional fees Other services provided to Evertec 420 Other operating expenses Total $ ( 111,315) [1] Includes activity through June 30, 2022. Quarter ended Nine months ended (In thousands) September 30, 2021 September 30, 2021 Category Interest expense on deposits $ ( 103) $ ( 267) Interest expense ATH and credit cards interchange income from services to Evertec 6,849 20,278 Other service fees Rental income charged to Evertec 1,973 4,915 Net occupancy Processing fees on services provided by Evertec ( 62,421) ( 183,302) Professional fees Other services provided to Evertec 214 554 Other operating expenses Total $ ( 53,488) $ ( 157,822)

Fair value measurement (Tables)

Fair value measurement (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on a Recurring Basis	At September 30, 2022 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE MEASUREMENTS Assets Debt securities available-for-sale: U.S. Treasury securities $ 5,450,397 $ 16,055,525 $ - $ - $ 21,505,922 Collateralized mortgage obligations - federal agencies - 176,204 - - 176,204 Mortgage-backed securities - 6,580,237 711 - 6,580,948 Other - 74 1,000 - 1,074 Total debt securities available-for-sale $ 5,450,397 $ 22,812,040 $ 1,711 $ - $ 28,264,148 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 15,711 $ - $ - $ - $ 15,711 Obligations of Puerto Rico, States and political subdivisions - 66 - - 66 Collateralized mortgage obligations - 48 135 - 183 Mortgage-backed securities - 14,056 - - 14,056 Other - - 255 - 255 Total trading account debt securities, excluding derivatives $ 15,711 $ 14,170 $ 390 $ - $ 30,271 Equity securities $ - $ 26,723 $ - $ 331 $ 27,054 Mortgage servicing rights - - 130,541 - 130,541 Derivatives - 16,653 - - 16,653 Total assets measured at fair value on a recurring basis $ 5,466,108 $ 22,869,586 $ 132,642 $ 331 $ 28,468,667 Liabilities Derivatives $ - $ ( 14,776) $ - $ - $ ( 14,776) Total liabilities measured at fair value on a recurring basis $ - $ ( 14,776) $ - $ - $ ( 14,776) At December 31, 2021 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE MEASUREMENTS Assets Debt securities available-for-sale: U.S. Treasury securities $ - $ 15,859,030 $ - $ - $ 15,859,030 Obligations of U.S. Government sponsored entities - 70 - - 70 Collateralized mortgage obligations - federal agencies - 221,265 - - 221,265 Mortgage-backed securities - 8,886,950 826 - 8,887,776 Other - 128 - - 128 Total debt securities available-for-sale $ - $ 24,967,443 $ 826 $ - $ 24,968,269 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 6,530 $ - $ - $ - $ 6,530 Obligations of Puerto Rico, States and political subdivisions - 85 - - 85 Collateralized mortgage obligations - 59 198 - 257 Mortgage-backed securities - 22,559 - - 22,559 Other - - 280 - 280 Total trading account debt securities, excluding derivatives $ 6,530 $ 22,703 $ 478 $ - $ 29,711 Equity securities $ - $ 32,429 $ - $ 77 $ 32,506 Mortgage servicing rights - - 121,570 - 121,570 Derivatives - 26,093 - - 26,093 Total assets measured at fair value on a recurring basis $ 6,530 $ 25,048,668 $ 122,874 $ 77 $ 25,178,149 Liabilities Derivatives $ - $ ( 22,878) $ - $ - $ ( 22,878) Contingent consideration - - ( 9,241) - ( 9,241) Total liabilities measured at fair value on a recurring basis $ - $ ( 22,878) $ ( 9,241) $ - $ ( 32,119)
Nonrecurring fair value measurements	Nine months ended September 30, 2022 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 9,933 $ 9,933 $ ( 9,580) Loans held-for-sale [2] - - 8,080 8,080 ( 224) Other real estate owned [3] - - 3,067 3,067 ( 940) Other foreclosed assets [3] - - 30 30 ( 1) Long-lived assets held-for-sale [4] - - 686 686 ( 688) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 21,796 $ 21,796 $ ( 11,433) [1] Relates mainly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Relates to a quarterly valuation on loans held-for-sale. Costs to sell are excluded from the reported fair value amount. [3] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. [4] Represents the fair value of long-lived assets held-for-sale that were written down to their fair value. Nine months ended September 30, 2021 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 22,700 $ 22,700 $ ( 4,775) Other real estate owned [2] - - 6,540 6,540 ( 1,583) Long-lived assets held-for-sale [3] - - 2,728 2,728 ( 303) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 31,968 $ 31,968 $ ( 6,661) [1] Relates mainly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. [3] Represents the fair value of long-lived assets held-for-sale that were written down to their fair value.
Assets measured on recurring basis, unobservable input reconciliation	Quarter ended September 30, 2022 MBS Other CMOs Other classified securities classified securities as debt classified as as trading classified securities debt securities account as trading Mortgage available- available- debt account debt servicing Total Contingent Total (In thousands) for-sale for-sale securities securities rights assets consideration liabilities Balance at June 30, 2022 $ 779 $ 500 $ 152 $ 264 $ 129,877 $ 131,572 $ ( 9,241) $ ( 9,241) Gains (losses) included in earnings - - ( 1) ( 9) ( 499) ( 509) 9,241 9,241 Gains (losses) included in OCI ( 18) - - - - ( 18) - - Additions - 500 3 - 1,163 1,666 - - Settlements ( 50) - ( 19) - - ( 69) - - Balance at September 30, 2022 $ 711 $ 1,000 $ 135 $ 255 $ 130,541 $ 132,642 $ - $ - Changes in unrealized gains (losses) included in earnings relating to assets still held at September 30, 2022 $ - $ - $ ( 1) $ 7 $ 1,984 $ 1,990 $ - $ - Nine months ended September 30, 2022 MBS Other Other classified securities CMOs securities as investment classified as classified classified securities debt securities as trading as trading Mortgage available- available- account account servicing Total Contingent Total (In thousands) for-sale for-sale securities securities rights assets consideration liabilities Balance at January 1, 2022 $ 826 $ - $ 198 $ 280 $ 121,570 $ 122,874 $ ( 9,241) $ ( 9,241) Gains (losses) included in earnings - - ( 2) ( 25) 2,776 2,749 9,241 9,241 Gains (losses) included in OCI ( 15) - - - - ( 15) - - Additions - 1,000 5 - 6,195 7,200 - - Settlements ( 100) - ( 66) - - ( 166) - - Balance at September 30, 2022 $ 711 $ 1,000 $ 135 $ 255 $ 130,541 $ 132,642 $ - $ - Changes in unrealized gains (losses) included in earnings relating to assets still held at September 30, 2022 $ - $ - $ ( 2) $ 14 $ 11,556 $ 11,568 $ - $ - Quarter ended September 30, 2021 MBS Other classified CMOs securities as investment classified classified securities as trading as trading Mortgage available- account account servicing Total (In thousands) for-sale securities securities rights assets Balance at June 30, 2021 $ 938 $ 250 $ 361 $ 119,467 $ 121,016 Gains (losses) included in earnings - - ( 9) ( 5,979) ( 5,988) Gains (losses) included in OCI ( 5) - - - ( 5) Additions - 4 - 3,079 3,083 Settlements ( 50) ( 34) - - ( 84) Balance at September 30, 2021 $ 883 $ 220 $ 352 $ 116,567 $ 118,022 Changes in unrealized gains (losses) included in earnings relating to assets still held at September 30, 2021 $ - $ - $ 4 $ ( 1,912) $ ( 1,908) Nine months ended September 30, 2021 MBS Other classified CMOs securities as investment classified classified securities as trading as trading Mortgage available- account account servicing Total (In thousands) for-sale securities securities rights assets Balance at January 1, 2021 $ 1,014 $ 278 $ 381 $ 118,395 $ 120,068 Gains (losses) included in earnings - - ( 29) ( 11,716) ( 11,745) Gains (losses) included in OCI ( 6) - - - ( 6) Additions - 28 - 9,888 9,916 Settlements ( 125) ( 86) - - ( 211) Balance at September 30, 2021 $ 883 $ 220 $ 352 $ 116,567 $ 118,022 Changes in unrealized gains (losses) included in earnings relating to assets still held at September 30, 2021 $ - $ ( 1) $ 13 $ 1,214 $ 1,226
Gain (loss) included in earnings, measured on recurring basis	Quarter ended September 30, 2022 Nine months ended September 30, 2022 Changes in unrealized Changes in unrealized Total gains gains (losses) relating to Total gains gains (losses) relating to (losses) included assets still held at (losses) included assets still held at (In thousands) in earnings reporting date in earnings reporting date Mortgage banking activities $ ( 499) $ 1,984 $ 2,776 $ 11,556 Trading account profit (loss) ( 10) 6 ( 27) 12 Other operating income 9,241 - 9,241 - Total $ 8,732 $ 1,990 $ 11,990 $ 11,568 Quarter ended September 30, 2021 Nine months ended September 30, 2021 Changes in unrealized Changes in unrealized Total gains gains (losses) relating to Total gains gains (losses) relating to (losses) included assets still held at (losses) included assets still held at (In thousands) in earnings reporting date in earnings reporting date Mortgage banking activities $ ( 5,979) $ ( 1,912) $ ( 11,716) $ 1,214 Trading account profit (loss) ( 9) 4 ( 29) 12 Total $ ( 5,988) $ ( 1,908) $ ( 11,745) $ 1,226
Fair value measurements, recurring and nonrecurring valuation techniques	Fair value at September 30, (In thousands) 2022 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 135 Discounted cash flow model Weighted average life 0.5 years ( 0.2 - 0.7 years) Yield 4.9% ( 4.9% - 5.4%) Prepayment speed 10.7% ( 10.1% - 18.5%) Other - trading $ 255 Discounted cash flow model Weighted average life 2.9 years Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 4,473 [2] External appraisal Haircut applied on external appraisals 16.1% ( 5.0% - 25.0%) Other real estate owned $ 289 [3] External appraisal Haircut applied on external appraisals 27% ( 5.0% - 35%) [1] Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table. [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table. Fair value at September 30, (In thousands) 2021 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 220 Discounted cash flow model Weighted average life 0.9 years ( 0.1 - 1.1 years) Yield 3.6% ( 3.6% - 4.1%) Prepayment speed 11.4% ( 10.1% - 16.7%) Other - trading $ 352 Discounted cash flow model Weighted average life 3.6 years Yield 12.0% Prepayment speed 10.8% Mortgage servicing rights $ 116,567 Discounted cash flow model Prepayment speed 6.2% ( 0.3% - 34.2%) Weighted average life 6.1 years ( 0.1 - 13.1 years) Discount rate 11.1% ( 9.5% - 14.7%) Loans held-in-portfolio $ 21,715 [2] External appraisal Haircut applied on external appraisals 11% ( 10.0% - 30.5%) Other real estate owned $ 4,099 [3] External appraisal Haircut applied on external appraisals 22.3% ( 5.0% - 35.0%) [1] Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table. [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table.

Fair value of financial instr_2

Fair value of financial instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures
Carrying or Notional Amounts and Estimated Fair Values for Financial Instruments	September 30, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 2,017,312 $ 2,017,312 $ - $ - $ - $ 2,017,312 Money market investments 3,975,048 3,967,849 7,199 - - 3,975,048 Trading account debt securities, excluding derivatives [1] 30,271 15,711 14,170 390 - 30,271 Debt securities available-for-sale [1] 28,264,148 5,450,397 22,812,040 1,711 - 28,264,148 Debt securities held-to-maturity: U.S. Treasury securities $ 1,881,547 $ - $ 1,829,680 $ - $ - $ 1,829,680 Obligations of Puerto Rico, States and political subdivisions 58,969 - - 61,894 - 61,894 Collateralized mortgage obligation-federal agency 24 - - 24 - 24 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities held-to-maturity $ 1,946,500 $ - $ 1,835,640 $ 61,918 $ - $ 1,897,558 Equity securities: FHLB stock $ 60,844 $ - $ 60,844 $ - $ - $ 60,844 FRB stock 94,870 - 94,870 - - 94,870 Other investments 30,209 - 26,723 3,969 331 31,023 Total equity securities $ 185,923 $ - $ 182,437 $ 3,969 $ 331 $ 186,737 Loans held-for-sale $ 8,065 $ - $ - $ 8,065 $ - $ 8,065 Loans held-in-portfolio 30,820,092 - - 29,308,370 - 29,308,370 Mortgage servicing rights 130,541 - - 130,541 - 130,541 Derivatives 16,653 - 16,653 - - 16,653 September 30, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 57,890,036 $ - $ 57,890,036 $ - $ - $ 57,890,036 Time deposits 6,929,291 - 6,553,096 - - 6,553,096 Total deposits $ 64,819,327 $ - $ 64,443,132 $ - $ - $ 64,443,132 Assets sold under agreements to repurchase $ 162,450 $ - $ 162,380 $ - $ - $ 162,380 Other short-term borrowings [2] 250,000 - 250,000 - - 250,000 Notes payable: FHLB advances $ 391,429 $ - $ 362,885 $ - $ - $ 362,885 Unsecured senior debt securities 298,793 - 304,080 - - 304,080 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,312 - 181,574 - - 181,574 Total notes payable $ 888,534 $ - $ 848,539 $ - $ - $ 848,539 Derivatives $ 14,776 $ - $ 14,776 $ - $ - $ 14,776 [1] Refer to Note 24 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level. [2] Refer to Note 16 to the Consolidated Financial Statements for the composition of other short-term borrowings. December 31, 2021 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 428,433 $ 428,433 $ - $ - $ - $ 428,433 Money market investments 17,536,719 17,530,640 6,079 - - 17,536,719 Trading account debt securities, excluding derivatives [1] 29,711 6,530 22,703 478 - 29,711 Debt securities available-for-sale [1] 24,968,269 - 24,967,443 826 - 24,968,269 Debt securities held-to-maturity: Obligations of Puerto Rico, States and political subdivisions $ 65,380 $ - $ - $ 77,383 $ - $ 77,383 Collateralized mortgage obligation-federal agency 25 - - 25 - 25 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities held-to-maturity $ 71,365 $ - $ 5,960 $ 77,408 $ - $ 83,368 Equity securities: FHLB stock $ 59,918 $ - $ 59,918 $ - $ - $ 59,918 FRB stock 96,217 - 96,217 - - 96,217 Other investments 33,842 - 32,429 3,704 77 36,210 Total equity securities $ 189,977 $ - $ 188,564 $ 3,704 $ 77 $ 192,345 Loans held-for-sale $ 59,168 $ - $ - $ 59,885 $ - $ 59,885 Loans held-in-portfolio 28,545,191 - - 27,489,583 - 27,489,583 Mortgage servicing rights 121,570 - - 121,570 - 121,570 Derivatives 26,093 - 26,093 - - 26,093 December 31, 2021 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 60,292,939 $ - $ 60,292,939 $ - $ - $ 60,292,939 Time deposits 6,712,149 - 6,647,301 - - 6,647,301 Total deposits $ 67,005,088 $ - $ 66,940,240 $ - $ - $ 66,940,240 Assets sold under agreements to repurchase $ 91,603 $ - $ 91,602 $ - $ - $ 91,602 Other short-term borrowings [2] 75,000 - 75,000 - - 75,000 Notes payable: FHLB advances $ 492,429 $ - $ 496,091 $ - $ - $ 496,091 Unsecured senior debt securities 297,842 - 319,296 - - 319,296 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,292 - 201,879 - - 201,879 Total notes payable $ 988,563 $ - $ 1,017,266 $ - $ - $ 1,017,266 Derivatives $ 22,878 $ - $ 22,878 $ - $ - $ 22,878 Contingent consideration $ 9,241 $ - $ - $ 9,241 $ - $ 9,241 [1] Refer to Note 24 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level. [2] Refer to Note 16 to the Consolidated Financial Statements for the composition of other short-term borrowings.

Net income per common share (Ta

Net income per common share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share
Computation of Net Income (Loss) Per Common Share ("EPS"), Basic and Diluted	Quarters ended September 30, Nine months ended September 30, (In thousands, except per share information) 2022 2021 2022 2021 Net income $ 422,395 $ 248,114 $ 845,502 $ 728,825 Preferred stock dividends ( 353) ( 353) ( 1,059) ( 1,059) Net income applicable to common stock $ 422,042 $ 247,761 $ 844,443 $ 727,766 Average common shares outstanding 73,955,184 80,126,166 76,173,783 81,864,634 Average potential dilutive common shares 102,148 148,776 130,436 149,479 Average common shares outstanding - assuming dilution 74,057,332 80,274,942 76,304,219 82,014,113 Basic EPS $ 5.71 $ 3.09 $ 11.09 $ 8.89 Diluted EPS $ 5.70 $ 3.09 $ 11.07 $ 8.87

Revenue from contracts with c_2

Revenue from contracts with customers (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue From Contract With Customer Abstract
Disaggregation Of Revenue [Table Text Block]	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, 2022 and 2021 Quarter ended September 30, Nine months ended September 30, (In thousands) 2022 2022 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 37,047 $ 2,959 $ 114,025 $ 8,503 Other service fees: Debit card fees 11,912 221 36,134 660 Insurance fees, excluding reinsurance 9,985 1,210 30,005 3,906 Credit card fees, excluding late fees and membership fees 34,369 313 99,376 948 Sale and administration of investment products 5,952 - 17,760 - Trust fees 5,680 - 18,187 - Total revenue from contracts with customers [1] $ 104,945 $ 4,703 $ 315,487 $ 14,017 [1] The amounts include intersegment transactions of $ ( 0.6) million and $ 4.4 million, respectively, for the quarter and nine months ended September 30, 2022. Quarter ended September 30, Nine months ended September 30, (In thousands) 2021 2021 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 38,496 $ 2,816 $ 112,732 $ 8,353 Other service fees: Debit card fees 11,967 243 35,522 723 Insurance fees, excluding reinsurance 9,416 1,054 27,489 2,483 Credit card fees, excluding late fees and membership fees 30,076 274 85,203 788 Sale and administration of investment products 6,216 - 17,726 - Trust fees 6,574 - 18,878 - Total revenue from contracts with customers [1] $ 102,745 $ 4,387 $ 297,550 $ 12,347 [1] The amounts include intersegment transactions of $ 0.3 million and $ 2.6 million, respectively, for the quarter and nine months ended September 30, 2021.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Lease Liability Maturity	The following table presents the undiscounted cash flows of operating and finance leases for each of the following periods: September 30, 2022 (In thousands) Remaining 2022 2023 2024 2025 2026 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 7,345 $ 27,970 $ 26,509 $ 23,586 $ 15,187 $ 47,606 $ 148,203 $ ( 16,781) $ 131,422 Finance Leases 1,047 4,225 4,323 4,434 4,084 9,995 28,108 ( 3,416) 24,692
Leases cost	The following table presents the lease cost recognized by the Corporation in the Consolidated Statements of Operations as follows: Quarters ended September 30, Nine months ended September 30, (In thousands) 2022 2021 2022 2021 Finance lease cost: Amortization of ROU assets $ 643 $ 475 $ 2,088 $ 1,531 Interest on lease liabilities 261 257 848 795 Operating lease cost 7,498 7,800 22,785 22,005 Short-term lease cost 231 174 399 349 Variable lease cost 33 20 86 70 Sublease income ( 9) ( 19) ( 28) ( 57) Net gain recognized from sale and leaseback transactions [1] - ( 7,007) - ( 7,007) Total lease cost [2] $ 8,657 $ 1,700 $ 26,178 $ 17,686 [1] During the quarter ended September 30, 2021, the Corporation recognized the transfer of two corporate office buildings as a sale. Since these sale and partial leaseback transactions were considered to be at fair value, no portion of the gain on sale was deferred. [2] Total lease cost is recognized as part of net occupancy expense, except for the net gain recognized from sale and leaseback transactions which was included as part of other operating income.
Leases supplemental information	The following table presents supplemental cash flow information and other related information related to operating and finance leases. Nine months ended September 30, (Dollars in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases [1] $ 22,389 $ 30,282 Operating cash flows from finance leases 848 795 Financing cash flows from finance leases [1] 2,363 2,262 ROU assets obtained in exchange for new lease obligations: Operating leases [2] $ 1,937 $ 22,352 Finance leases 556 - Weighted-average remaining lease term: Operating leases 7.4 years 7.9 years Finance leases 8.4 years 8.5 years Weighted-average discount rate: Operating leases 2.8 % 2.8 % Finance leases 4.3 % 5.0 % [1] During the quarter ended March 31, 2021, the Corporation made base lease termination payments amounting to $ 7.8 million in connection with the closure of nine branches as a result of the strategic realignment of PB’s New York Metro branch network. [2] During the quarter ended September 30, 2021, the Corporation recognized a lease liability of $ 16.8 million and a corresponding ROU asset for the same amount as a result of the partial leaseback of two corporate office buildings.

Pension and postretirement be_2

Pension and postretirement benefits (Tables)	9 Months Ended
	Sep. 30, 2022
Employee benefits
Components of Net Periodic Pension/Postretirement Benefit Cost	Pension Plans OPEB Plan Quarters ended September 30, Quarters ended September 30, (In thousands) 2022 2021 2022 2021 Personnel Cost: Service cost $ - $ - $ 121 $ 160 Other operating expenses: Interest cost 4,800 3,998 983 893 Expected return on plan assets ( 8,847) ( 9,670) - - Amortization of prior service cost/(credit) - - - - Amortization of net loss 3,911 4,719 - 468 Total net periodic pension cost $ ( 136) $ ( 953) $ 1,104 $ 1,521 Pension Plans OPEB Plan Nine months ended September 30, Nine months ended September 30, (In thousands) 2022 2021 2022 2021 Personnel Cost: Service cost $ - $ - $ 364 $ 480 Other operating expenses: Interest cost 14,399 11,994 2,948 2,679 Expected return on plan assets ( 26,541) ( 29,011) - - Amortization prior service cost/(credit) - - - - Amortization of net loss 11,733 14,159 - 1,407 Total net periodic pension cost $ ( 409) $ ( 2,858) $ 3,312 $ 4,566
Schedule of expected benefit payments	For the nine months ended For the year ending (In thousands) September 30, 2022 December 31, 2022 Pension Plans $ 170 $ 227 OPEB Plan $ 5,046 $ 5,971

Stock-based compensation (Table

Stock-based compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Executive Officers
Schedule of Unvested Restricted Stock Units Roll Forward	(Not in thousands) Shares Weighted-Average Grant Date Fair Value Non-vested at December 31, 2020 358,512 $ 41.23 Granted 191,479 69.38 Performance Shares Quantity Adjustment 54,306 54.21 Vested ( 273,974) 55.11 Forfeited ( 8,440) 43.48 Non-vested at December 31, 2021 321,883 $ 47.98 Granted 194,791 84.29 Performance Shares Quantity Adjustment 9,255 55.51 Vested ( 234,482) 67.22 Forfeited ( 1,625) 78.86 Non-vested at September 30, 2022 289,822 $ 56.93
Directors
Schedule of Unvested Restricted Stock Units Roll Forward	(Not in thousands) Restricted Stock units Weighted-Average Grant Date Fair Value per Unit Non-vested at December 31, 2020 $ - $ - Granted 20,638 78.20 Vested ( 20,638) 78.20 Forfeited - - Non-vested at December 31, 2021 $ - $ - Granted 24,409 77.62 Vested ( 24,409) 77.62 Forfeited - - Non-vested at September 30, 2022 $ - $ -

Income taxes (Tables)

Income taxes (Tables)	9 Months Ended
	Sep. 30, 2022
Components of Deferred Tax Assets and Liabilities	September 30, 2022 (In thousands) PR US Total Deferred tax assets: Tax credits available for carryforward $ 261 $ 2,781 $ 3,042 Net operating loss and other carryforward available 121,840 640,545 762,385 Postretirement and pension benefits 50,997 - 50,997 Deferred loan origination fees/cost 20 - 20 Allowance for credit losses 240,578 34,147 274,725 Accelerated depreciation 5,246 7,367 12,613 FDIC-assisted transaction 152,665 - 152,665 Intercompany deferred gains 1,829 - 1,829 Lease liability 28,747 20,960 49,707 Unrealized net loss on trading and available-for-sale securities 291,285 26,109 317,394 Difference in outside basis from pass-through entities 42,459 - 42,459 Other temporary differences 33,017 8,218 41,235 Total gross deferred tax assets 968,944 740,127 1,709,071 Deferred tax liabilities: Indefinite-lived intangibles 79,617 53,778 133,395 Right of use assets 26,499 17,594 44,093 Deferred loan origination fees/cost 574 3,506 4,080 Other temporary differences 38,104 1,529 39,633 Total gross deferred tax liabilities 144,794 76,407 221,201 Valuation allowance 138,219 444,444 582,663 Net deferred tax asset $ 685,931 $ 219,276 $ 905,207 December 31, 2021 (In thousands) PR US Total Deferred tax assets: Tax credits available for carryforward $ 261 $ 2,781 $ 3,042 Net operating loss and other carryforward available 112,331 665,164 777,495 Postretirement and pension benefits 57,002 - 57,002 Deferred loan origination fees/cost 2,788 - 2,788 Allowance for credit losses 233,500 31,872 265,372 Deferred gains 1,642 - 1,642 Accelerated depreciation 5,246 7,422 12,668 FDIC-assisted transaction 152,665 - 152,665 Lease liability 31,211 23,894 55,105 Difference in outside basis from pass-through entities 54,781 - 54,781 Other temporary differences 38,512 8,418 46,930 Total gross deferred tax assets 689,939 739,551 1,429,490 Deferred tax liabilities: Indefinite-lived intangibles 76,635 51,150 127,785 Unrealized net gain (loss) on trading and available-for-sale securities 4,329 2,817 7,146 Right of use assets 29,025 20,282 49,307 Deferred loan origination fees/cost - 3,567 3,567 Other temporary differences 43,856 1,530 45,386 Total gross deferred tax liabilities 153,845 79,346 233,191 Valuation allowance 128,557 410,970 539,527 Net deferred tax asset $ 407,537 $ 249,235 $ 656,772
Reconciliation of Unrecognized Tax Benefits	(In millions) 2022 2021 Balance at January 1 $ 3.5 $ 14.8 Balance at March 31 $ 3.5 $ 14.8 Balance at June 30 $ 3.5 $ 14.8 Reduction as a result of lapse of statute of limitations - July through September ( 1.1) - Reduction as a result of settlements - July through September - ( 11.3) Balance at September 30 $ 2.4 $ 3.5
PR
Differences Between Income Tax Expense (Benefit) Applicable to Income Before Income Taxes and Amount Computed by Applying the Statutory Tax Rate in Puerto Rico	Quarters ended September 30, 2022 September 30, 2021 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 183,893 38 % $ 124,370 38 % Net benefit of tax exempt interest income ( 45,499) ( 9) ( 34,294) ( 10) Deferred tax asset valuation allowance 3,724 1 3,529 1 Difference in tax rates due to multiple jurisdictions ( 7,147) ( 2) ( 9,600) ( 3) Effect of income subject to preferential tax rate ( 109,588) ( 22) ( 5,441) ( 2) Unrecognized tax benefits ( 1,503) - ( 5,484) ( 2) Adjustment due to estimate on the annual effective rate 10,096 2 4,001 1 State and local taxes 3,726 1 6,352 2 Others 30,284 6 109 - Income tax expense $ 67,986 14 % $ 83,542 25 % Nine months ended September 30, 2022 September 30, 2021 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 385,567 38 % $ 360,859 38 % Net benefit of tax exempt interest income ( 123,324) ( 12) ( 105,297) ( 11) Deferred tax asset valuation allowance 9,662 1 19,682 2 Difference in tax rates due to multiple jurisdictions ( 20,457) ( 2) ( 25,429) ( 3) Effect of income subject to preferential tax rate ( 116,630) ( 11) ( 10,175) ( 1) Adjustment due to estimate on the annual effective rate 10,655 1 ( 6,732) ( 1) Unrecognized tax benefits ( 1,503) - ( 5,484) ( 1) State and local taxes 10,957 1 8,943 1 Others 27,750 3 ( 2,901) - Income tax expense $ 182,677 18 % $ 233,466 24 %

Supplemental disclosure on th_2

Supplemental disclosure on the consolidated statements of cash flows (Tables)	9 Months Ended
	Sep. 30, 2022
Supplemental Cash Flow Information
Additional Disclosures on Cash Flow Information and Non-Cash Activities	(In thousands) September 30, 2022 September 30, 2021 Non-cash activities: Loans transferred to other real estate $ 50,359 $ 40,278 Loans transferred to other property 38,066 32,748 Total loans transferred to foreclosed assets 88,425 73,026 Loans transferred to other assets 6,631 5,237 Financed sales of other real estate assets 6,231 9,641 Financed sales of other foreclosed assets 29,505 31,809 Total financed sales of foreclosed assets 35,736 41,450 Financed sale of premises and equipment 31,894 30,730 Transfers from premises and equipment to long-lived assets held-for-sale 1,126 26,242 Transfers from loans held-in-portfolio to loans held-for-sale 11,522 60,806 Transfers from loans held-for-sale to loans held-in-portfolio 25,706 6,710 Loans securitized into investment securities [1] 294,872 546,335 Trades receivable from brokers and counterparties 12,973 74,328 Trades payable to brokers and counterparties 5,793 13,746 Recognition of mortgage servicing rights on securitizations or asset transfers 6,195 9,888 Loans booked under the GNMA buy-back option 3,984 20,908 Capitalization of lease right of use asset 4,453 26,676 Acquisition of software intangible assets 28,650 - Goodwill on acquisition 116,135 - Total stock consideration related to Evertec transaction 144,785 - [1] Includes loans securitized into trading securities and subsequently sold before quarter end.
Reconciliation Of Cash And Due From Banks And Restricted Cash	(In thousands) September 30, 2022 September 30, 2021 Cash and due from banks $ 1,937,638 $ 506,890 Restricted cash and due from banks 79,674 32,083 Restricted cash in money market investments 7,199 6,406 Total cash and due from banks, and restricted cash [2] $ 2,024,511 $ 545,379 [2] Refer to Note 5 - Restrictions on cash and due from banks and certain securities for nature of restrictions.

Segment reporting (Tables)

Segment reporting (Tables)	9 Months Ended
	Sep. 30, 2022
Table Text Block
Results of Operations and Total Assets	2022 For the quarter ended September 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 488,123 $ 98,874 $ 1 Provision for credit losses 29,813 10,011 - Non-interest income 262,587 15,203 ( 137) Amortization of intangibles 484 311 - Goodwill impairment charge - 9,000 - Depreciation expense 11,862 1,693 - Other operating expenses 396,655 57,127 ( 135) Income tax expense 48,209 10,628 - Net income $ 263,687 $ 25,307 $ ( 1) Segment assets $ 59,640,784 $ 11,106,409 $ ( 319,999) For the quarter ended September 30, 2022 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 586,998 $ ( 7,379) $ - $ 579,619 Provision for credit losses (benefit) 39,824 ( 187) - 39,637 Non-interest income 277,653 148,228 613 426,494 Amortization of intangibles 795 - - 795 Goodwill impairment charge 9,000 - - 9,000 Depreciation expense 13,555 298 - 13,853 Other operating expenses 453,647 ( 46) ( 1,154) 452,447 Income tax expense 58,837 8,469 680 67,986 Net income $ 288,993 $ 132,315 $ 1,087 $ 422,395 Segment assets $ 70,427,194 $ 5,341,051 $ ( 5,038,570) $ 70,729,675 For the nine months ended September 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 1,351,086 $ 278,825 $ 3 Provision for credit losses 24,941 8,580 - Non-interest income 542,826 26,076 ( 410) Amortization of intangibles 1,453 1,028 - Goodwill impairment charge - 9,000 - Depreciation expense 35,054 5,272 - Other operating expenses 1,069,512 166,677 ( 407) Income tax expense 141,113 33,917 - Net income $ 621,839 $ 80,427 $ - Segment assets $ 59,640,784 $ 11,106,409 $ ( 319,999) For the nine months ended September 30, 2022 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,629,914 $ ( 22,121) $ - $ 1,607,793 Provision for credit losses (benefit) 33,521 ( 22) - 33,499 Non-interest income 568,492 174,060 ( 3,955) 738,597 Amortization of intangibles 2,481 - - 2,481 Goodwill impairment charge 9,000 - - 9,000 Depreciation expense 40,326 881 - 41,207 Other operating expenses 1,235,782 ( 149) ( 3,609) 1,232,024 Income tax expense 175,030 7,802 ( 155) 182,677 Net income $ 702,266 $ 143,427 $ ( 191) $ 845,502 Segment assets $ 70,427,194 $ 5,341,051 $ ( 5,038,570) $ 70,729,675 2021 For the quarter ended September 30, 2021 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 419,166 $ 80,038 $ 2 Provision for credit losses (benefit) ( 37,022) ( 23,937) - Non-interest income 146,139 6,150 ( 136) Amortization of intangibles 617 166 - Depreciation expense 11,164 1,516 - Other operating expenses 324,171 50,694 ( 136) Income tax expense 65,357 18,139 - Net income $ 201,018 $ 39,610 $ 2 Segment assets $ 63,476,269 $ 10,338,333 $ ( 23,074) For the quarter ended September 30, 2021 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 499,206 $ ( 9,813) $ - $ 489,393 Provision for credit losses (benefit) ( 60,959) ( 214) - ( 61,173) Non-interest income 152,153 17,251 ( 146) 169,258 Amortization of intangibles 783 - - 783 Depreciation expense 12,680 328 - 13,008 Other operating expenses 374,729 615 ( 967) 374,377 Income tax expense (benefit) 83,496 ( 279) 325 83,542 Net income $ 240,630 $ 6,988 $ 496 $ 248,114 Segment assets $ 73,791,528 $ 5,378,819 $ ( 4,981,184) $ 74,189,163 For the nine months ended September 30, 2021 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 1,248,689 $ 237,950 $ 5 Provision for credit losses (benefit) ( 104,425) ( 55,801) - Non-interest income 417,399 17,083 ( 411) Amortization of intangibles 2,338 499 - Depreciation expense 35,115 5,441 - Other operating expenses 938,754 152,421 ( 408) Income tax expense 187,784 46,337 - Net income $ 606,522 $ 106,136 $ 2 Segment assets $ 63,476,269 $ 10,338,333 $ ( 23,074) For the nine months ended September 30, 2021 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,486,644 $ ( 30,337) $ - $ 1,456,307 Provision for credit losses (benefit) ( 160,226) ( 188) - ( 160,414) Non-interest income 434,071 45,675 ( 2,295) 477,451 Amortization of intangibles 2,837 252 - 3,089 Depreciation expense 40,556 860 - 41,416 Other operating expenses 1,090,767 ( 567) ( 2,824) 1,087,376 Income tax expense (benefit) 234,121 ( 925) 270 233,466 Net income $ 712,660 $ 15,906 $ 259 $ 728,825 Segment assets $ 73,791,528 $ 5,378,819 $ ( 4,981,184) $ 74,189,163
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area	Geographic Information Quarter ended Nine months ended (In thousands) September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Revenues: [1] Puerto Rico $ 852,149 $ 542,178 $ 1,940,457 $ 1,590,030 United States 133,071 97,331 347,614 288,619 Other 20,893 19,142 58,319 55,109 Total consolidated revenues $ 1,006,113 $ 658,651 $ 2,346,390 $ 1,933,758 [1] Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net (loss) gain, including impairment on equity securities, net (loss) gain on trading account debt securities, net loss on sale of loans, including valuation adjustment on loans held-for-sale, adjustments to indemnity reserves on loans sold, and other operating income. Selected Balance Sheet Information: (In thousands) September 30, 2022 December 31, 2021 Puerto Rico Total assets $ 57,192,527 $ 63,221,282 Loans 20,760,831 19,770,118 Deposits 54,769,845 57,211,608 United States Total assets $ 12,153,357 $ 10,986,055 Loans 10,204,303 8,903,493 Deposits 8,016,775 7,777,232 Other Total assets $ 1,383,791 $ 890,562 Loans 566,119 626,115 Deposits [1] 2,032,707 2,016,248 [1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

Business Combination - Fair val

Business Combination - Fair value of identifiable assets acquired and liabilities assumed (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jul. 02, 2022	Dec. 31, 2021
Assets:
Developed technology - Software intangible assets	$ 700		$ 700
Labilities:
Goodwill on acquisition	827,428		$ 720,293
EVERTEC Assets | EVERTEC Inc.
Business Acquisition
Stock consideration		$ 144,785
Total consideration		144,785
Assets:
Developed technology - Software intangible assets	$ 28,700	28,650
Total assets		28,650
Labilities:
Net assets acquired		28,650
Goodwill on acquisition		$ 116,135

Business Combinations - Narrati

Business Combinations - Narratives (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended	9 Months Ended
	Sep. 30, 2022	Jul. 02, 2022	Sep. 30, 2022	Aug. 15, 2022	Jun. 30, 2022	Dec. 31, 2021
Business Acquisition
Developed technology - Software intangible assets	$ 700		$ 700			$ 700
Goodwill on acquisition	827,428		$ 827,428			$ 720,293
EVERTEC Inc.
Business Acquisition
Business acquisition, ownership percentage						16.19%
EVERTEC Assets | EVERTEC Inc.
Business Acquisition
Goodwill amortization period			15 years
Common stock shares deliver to Evertec as consideration		4,589,169
Business acquisition, aggregated equity value		$ 169,200
Evertec stock price at period end					$ 36.88
Additional common stock shares deliver to Evertec as consideration				7,065,634
Rmaining useful life of software acquired			5 years
Developed technology - Software intangible assets	28,700	28,650	$ 28,700
Goodwill on acquisition		116,135
Business combination total consideration		144,785
EVERTEC Assets | Service agreement | EVERTEC Inc.
Business Acquisition
Aggregate after-tax gain	226,600
Business combination transaction related expense		$ 24,200
Net expense charged for the quarter	17,300
Credit of Evertec billing under MSA	$ 6,900

Restrictions on cash and due _2

Restrictions on cash and due from banks and certain securities - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Disclosure - Restrictions on Cash and Due from Banks and Certain Securities - Additional Information [Abstract]
Average Reserve Required With Federal Reserve Bank	$ 2,800	$ 2,700
Restricted Cash And Cash Equivalents	$ 111	$ 50

Debt Securities Available for S

Debt Securities Available for Sale - Weighted average yield and contractual maturities of debt securities AFS (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Amortized cost
Amortized Cost	$ 31,072,619	$ 25,061,224
Gross unrealized gains
Gross unrealized gains	1,739	205,393
Gross unrealized loss
Gross unrealized losses	2,810,210	298,348
Fair Value
Debt securities available-for-sale	$ 28,264,148	$ 24,968,269
Weighted average yield
Weighted Average Yield	1.62%	1.42%
US Treasury Securities
Amortized cost
Amortized cost - Within 1 year	$ 7,690,995	$ 1,225,558
Amortized cost - After 1 to 5 years	11,739,136	10,059,163
Amortized cost - After 5 to 10 years	3,531,911	4,563,265
Amortized Cost	22,962,042	15,847,986
Gross unrealized gains
Gross unrealized gain - Within 1 year	382	13,556
Gross unrealized gain - After 1 to 5 years	0	98,808
Gross unrealized gain - After 5 to 10 years	0	739
Gross unrealized gains	382	113,103
Gross unrealized loss
Gross unrealized losses - Within 1 year	34,608	69
Gross unrealized losses - After 1 to 5 years	944,129	65,186
Gross unrealized losses - After 5 to 10 years	477,765	36,804
Gross unrealized losses	1,456,502	102,059
Fair Value
Fair value - Within 1 year	7,656,769	1,239,045
Fair value - After 1 to 5 years	10,795,007	10,092,785
Fair value - After 5 to 10 years	3,054,146	4,527,200
Debt securities available-for-sale	$ 21,505,922	$ 15,859,030
Weighted average yield
Weighted average yield - Within 1 year	2.23%	2.33%
Weighted average yield - After 1 to 5 years	1.26%	1.18%
Weighted average yield - After 5 to 10 years	1.39%	1.22%
Weighted Average Yield	1.60%	1.27%
Obligations of U.S. Government sponsored entities
Amortized cost
Amortized cost - Within 1 year		$ 70
Amortized Cost		70
Gross unrealized gains
Gross unrealized gain - Within 1 year		0
Gross unrealized gains		0
Gross unrealized loss
Gross unrealized losses - Within 1 year		0
Gross unrealized losses		0
Fair Value
Fair value - Within 1 year		70
Debt securities available-for-sale		$ 70
Weighted average yield
Weighted average yield - Within 1 year		5.63%
Weighted Average Yield		5.63%
Collateralized Mortgage Obligations - Federal agencies
Amortized cost
Amortized cost - After 1 to 5 years	$ 4,288	$ 2,433
Amortized cost - After 5 to 10 years	37,695	43,241
Amortized cost - After 10 years	147,962	172,176
Amortized Cost	189,945	217,850
Gross unrealized gains
Gross unrealized gain - After 1 to 5 years	0	42
Gross unrealized gain - After 5 to 10 years	0	295
Gross unrealized gain - After 10 years	28	3,441
Gross unrealized gains	28	3,778
Gross unrealized loss
Gross unrealized losses - After 1 to 5 years	207	0
Gross unrealized losses - After 5 to 10 years	2,058	6
Gross unrealized losses - After 10 years	11,504	357
Gross unrealized losses	13,769	363
Fair Value
Fair value - After 1 to 5 years	4,081	2,475
Fair value - After 5 to 10 years	35,637	43,530
Fair value - After 10 years	136,486	175,260
Debt securities available-for-sale	$ 176,204	$ 221,265
Weighted average yield
Weighted average yield - After 1 to 5 years	1.77%	2.16%
Weighted average yield - After 5 to 10 years	1.70%	1.54%
Weighted average yield - After 10 years	2.39%	2.13%
Weighted Average Yield	2.24%	2.01%
Mortgage Backed Securities
Amortized cost
Amortized cost - Within 1 year	$ 1	$ 11
Amortized cost - After 1 to 5 years	72,119	65,749
Amortized cost - After 5 to 10 years	833,972	665,600
Amortized cost - After 10 years	7,013,463	8,263,835
Amortized Cost	7,919,555	8,995,195
Gross unrealized gains
Gross unrealized gain - Within 1 year	0	1
Gross unrealized gain - After 1 to 5 years	16	2,380
Gross unrealized gain - After 5 to 10 years	47	17,998
Gross unrealized gain - After 10 years	1,266	68,128
Gross unrealized gains	1,329	88,507
Gross unrealized loss
Gross unrealized losses - Within 1 year	0	0
Gross unrealized losses - After 1 to 5 years	3,620	11
Gross unrealized losses - After 5 to 10 years	67,813	5
Gross unrealized losses - After 10 years	1,268,503	195,910
Gross unrealized losses	1,339,936	195,926
Fair Value
Fair value - Within 1 year	1	12
Fair value - After 1 to 5 years	68,515	68,118
Fair value - After 5 to 10 years	766,206	683,593
Fair value - After 10 years	5,746,226	8,136,053
Debt securities available-for-sale	$ 6,580,948	$ 8,887,776
Weighted average yield
Weighted average yield - Within 1 year	7.16%	4.79%
Weighted average yield - After 1 to 5 years	2.36%	2.23%
Weighted average yield - After 5 to 10 years	2.11%	1.97%
Weighted average yield - After 10 years	1.60%	1.67%
Weighted Average Yield	1.66%	1.69%
Other
Amortized cost
Amortized cost - After 1 to 5 years	$ 1,077	$ 123
Amortized Cost	1,077	123
Gross unrealized gains
Gross unrealized gain - After 1 to 5 years	0	5
Gross unrealized gains	0	5
Gross unrealized loss
Gross unrealized losses - After 1 to 5 years	3	0
Gross unrealized losses	3	0
Fair Value
Fair value - After 1 to 5 years	1,074	128
Debt securities available-for-sale	$ 1,074	$ 128
Weighted average yield
Weighted average yield - After 1 to 5 years	3.97%	3.62%
Weighted Average Yield	3.97%	3.62%

Debt Securities Available for_2

Debt Securities Available for Sale - Weighted average yield and contractual maturities of debt securities AFS - Parenthetical (Details) - Debt securities available-for-sale - USD ($) $ in Billions	Sep. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale
Financial instruments pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements	$ 19.6	$ 22
Financial Instruments served as collateral to secure debt obligations	$ 18.5	$ 20.9

Debt Securities Available for_3

Debt Securities Available for Sale - AFS debt securities in a continuous unrealized loss position (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale
Less than 12 months Fair Value	$ 15,608,338	$ 15,393,537
Less than 12 months Gross Unrealized Losses	1,236,007	273,007
12 months or more Fair Value	8,352,045	596,135
12 months or more Gross Unrealized Losses	1,574,203	25,341
Total Fair Value	23,960,383	15,989,672
Total Gross Unrealized Losses	2,810,210	298,348
US Treasury Securities
Debt Securities, Available-for-sale
Less than 12 months Fair Value	13,636,522	9,590,448
Less than 12 months Gross Unrealized Losses	1,054,349	102,059
12 months or more Fair Value	3,617,608	0
12 months or more Gross Unrealized Losses	402,153	0
Total Fair Value	17,254,130	9,590,448
Total Gross Unrealized Losses	1,456,502	102,059
Collateralized Mortgage Obligations - Federal agencies
Debt Securities, Available-for-sale
Less than 12 months Fair Value	160,914	35,533
Less than 12 months Gross Unrealized Losses	11,468	334
12 months or more Fair Value	12,509	1,084
12 months or more Gross Unrealized Losses	2,301	29
Total Fair Value	173,423	36,617
Total Gross Unrealized Losses	13,769	363
Mortgage Backed Securities
Debt Securities, Available-for-sale
Less than 12 months Fair Value	1,810,828	5,767,556
Less than 12 months Gross Unrealized Losses	170,187	170,614
12 months or more Fair Value	4,721,928	595,051
12 months or more Gross Unrealized Losses	1,169,749	25,312
Total Fair Value	6,532,756	6,362,607
Total Gross Unrealized Losses	1,339,936	$ 195,926
Other
Debt Securities, Available-for-sale
Less than 12 months Fair Value	74
Less than 12 months Gross Unrealized Losses	3
12 months or more Fair Value	0
12 months or more Gross Unrealized Losses	0
Total Fair Value	74
Total Gross Unrealized Losses	$ 3

Debt Securities Available for_4

Debt Securities Available for Sale - Debt securities available- for-sale - Additional Information (Details) - USD ($)		9 Months Ended
	Oct. 15, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Debt Securities, Available-for-sale
Proceeds from sale of debt securities available-for-sale		$ 0	$ 236,000,000
Gross unrealized losses		2,810,210,000		$ 298,348,000
US Treasury Securities
Debt Securities, Available-for-sale
Gross unrealized losses		$ 1,456,502,000		$ 102,059,000
US Treasury Securities | Subsequent event
Debt Securities, Available-for-sale
Available-for-sale securities transfer to Held-to-maturity	$ 6,500,000,000
Available-for-sale securities transfer to Held-to-Maturity at par value	$ 7,400,000,000

Debt Securities Held-to-matur_3

Debt Securities Held-to-maturity - Weighted average yield and contractual maturities of debt securities HTM (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Amortized cost
Amortized cost	$ 1,953,710		$ 79,461
Allowance for credit losses
Allowance for credit losses	7,210		8,096
Net of Allowance
Net of Allowance	1,946,500		71,365
Gross unrecognized gains
Gross Unrealized Gains	5,136		12,003
Gross unrealized losses
Gross Unrealized Losses	54,078		0
Fair Value
Fair value	$ 1,897,558		$ 83,368
Weighted Average Yield
Weighted Average Yield	2.80%		3.06%
US Treasury Securities
Amortized cost
Amortized cost - Within 1 year	$ 348,053
Amortized cost - After 1 to 5 years	1,533,494
Amortized cost	1,881,547
Allowance for credit losses
Allowance for credit losses - Within 1 Year	0
Allowance for credit losses - After 1 to 5 years	0
Allowance for credit losses	0
Net of Allowance
Net of Allowance - Within 1 Year	348,053
Net of Allowance - After 1 to 5 Years	1,533,494
Net of Allowance	1,881,547
Gross unrecognized gains
Gross unrealized gains - Within 1 year	0
Gross unrealized gains - After 1 to 5 years	0
Gross Unrealized Gains	0
Gross unrealized losses
Gross unrealized losses - Within 1 year	3,262
Gross unrealized losses - After 1 to 5 years	48,605
Gross Unrealized Losses	51,867
Fair Value
Fair Value - within 1 year	344,791
Fair Value - After 1 to 5 years	1,484,889
Fair value	$ 1,829,680
Weighted Average Yield
Weighted average yield - Within 1 Year	3%
Weighted average yield - After 1 to 5 years	2.75%
Weighted Average Yield	2.80%
Obligations of Puerto Rico, States and political subdivisions
Amortized cost
Amortized cost - Within 1 year	$ 4,530		$ 4,240
Amortized cost - After 1 to 5 years	19,105		14,395
Amortized cost - After 5 to 10 years	1,025		11,280
Amortized cost - After 10 years	41,519		43,561
Amortized cost	66,179		73,476
Allowance for credit losses
Allowance for credit losses - Within 1 Year	11		7
Allowance for credit losses - After 1 to 5 years	215		148
Allowance for credit losses - After 5 to 10 years	33		122
Allowance for credit losses - After 10 years	6,951		7,819
Allowance for credit losses	7,210	$ 7,495	8,096	$ 9,222	$ 10,214	$ 10,261
Net of Allowance
Net of Allowance - Within 1 Year	4,519		4,233
Net of Allowance - After 1 to 5 Years	18,890		14,247
Net of Allowance - After 5 to 10 Years	992		11,158
Net of Allowance - After 10 Years	34,568		35,742
Net of Allowance	58,969		65,380
Gross unrecognized gains
Gross unrealized gains - Within 1 year	7		4
Gross unrealized gains - After 1 to 5 years	149		149
Gross unrealized gains - After 5 to 10 years	33		104
Gross unrealized gains - After 10 years	4,947		11,746
Gross Unrealized Gains	5,136		12,003
Gross unrealized losses
Gross unrealized losses - Within 1 year	0		0
Gross unrealized losses - After 1 to 5 years	81		0
Gross unrealized losses - After 5 to 10 years	0		0
Gross unrealized losses - After 10 years	2,130		0
Gross Unrealized Losses	2,211		0
Fair Value
Fair Value - within 1 year	4,526		4,237
Fair Value - After 1 to 5 years	18,958		14,396
Fair Value - After 5 to 10 years	1,025		11,262
Fair Value - After 10 years	37,385		47,488
Fair value	$ 61,894		$ 77,383
Weighted Average Yield
Weighted average yield - Within 1 Year	6.10%		6.07%
Weighted average yield - After 1 to 5 years	4.24%		6.23%
Weighted average yield - After 5 to 10 years	5.80%		2.18%
Weighted average yield - After 10 years	1.41%		1.50%
Weighted Average Yield	2.62%		2.79%
Collateralized Mortgage Obligations - Federal agencies
Amortized cost
Amortized cost - After 1 to 5 years	$ 24		$ 25
Amortized cost	24		25
Allowance for credit losses
Allowance for credit losses - After 1 to 5 years	0		0
Allowance for credit losses	0		0
Net of Allowance
Net of Allowance - After 1 to 5 Years	24		25
Net of Allowance	24		25
Gross unrecognized gains
Gross unrealized gains - After 1 to 5 years	0		0
Gross Unrealized Gains	0		0
Gross unrealized losses
Gross unrealized losses - After 1 to 5 years	0		0
Gross Unrealized Losses	0		0
Fair Value
Fair Value - After 1 to 5 years	24		25
Fair value	$ 24		$ 25
Weighted Average Yield
Weighted average yield - After 1 to 5 years	6.44%		6.44%
Weighted Average Yield	6.44%		6.44%
Securities in wholly owned statutory business trusts
Amortized cost
Amortized cost - After 10 years	$ 5,960		$ 5,960
Amortized cost	5,960		5,960
Allowance for credit losses
Allowance for credit losses - After 10 years	0		0
Allowance for credit losses	0		0
Net of Allowance
Net of Allowance - After 10 Years	5,960		5,960
Net of Allowance	5,960		5,960
Gross unrecognized gains
Gross unrealized gains - After 10 years	0		0
Gross Unrealized Gains	0		0
Gross unrealized losses
Gross unrealized losses - After 10 years	0		0
Gross Unrealized Losses	0		0
Fair Value
Fair Value - After 10 years	5,960		5,960
Fair value	$ 5,960		$ 5,960
Weighted Average Yield
Weighted average yield - After 10 years	6.33%		6.33%
Weighted Average Yield	6.33%		6.33%

Debt Securities Held-to-matur_4

Debt Securities Held-to-maturity - Credit quality indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt securities held to maturity credit quality indicator
Held to maturity securities	$ 1,953,710	$ 79,461
Obligations of Puerto Rico, States and political subdivisions
Debt securities held to maturity credit quality indicator
Held to maturity securities	66,179	73,476
Obligations of Puerto Rico, States and political subdivisions | Munis Payable From Real and Personal Property Taxes
Debt securities held to maturity credit quality indicator
Held to maturity securities	24,660	30,145
Watch | Obligations of Puerto Rico, States and political subdivisions | Munis Payable From Real and Personal Property Taxes
Debt securities held to maturity credit quality indicator
Held to maturity securities	13,735	16,345
Pass | Obligations of Puerto Rico, States and political subdivisions | Munis Payable From Real and Personal Property Taxes
Debt securities held to maturity credit quality indicator
Held to maturity securities	$ 10,925	$ 13,800

Debt Securities Held-to-matur_5

Debt Securities Held-to-maturity - Allowance for credit loss on held to maturity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt securities held to maturity allowance for credit loss
Beginning balance			$ 8,096
Ending balance	$ 7,210		7,210
Obligations of Puerto Rico, States and political subdivisions
Debt securities held to maturity allowance for credit loss
Beginning balance	7,495	$ 10,214	8,096	$ 10,261
Provision for credit losses (benefit)	(285)	(992)	(886)	(1,039)
Securities charged-off	0	0	0	0
Recoveries	0	0	0	0
Ending balance	$ 7,210	$ 9,222	$ 7,210	$ 9,222

Debt Securities Held-to-matur_6

Debt Securities Held-to-maturity -Additional Information (Details)	Sep. 30, 2022 USD ($) score	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($) score	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Debt Securities, Held-to-maturity
Held to maturity securities	$ 1,953,710,000		$ 79,461,000
Allowance for credit losses	7,210,000		8,096,000
Obligations of Puerto Rico, States and political subdivisions
Debt Securities, Held-to-maturity
Held to maturity securities	66,179,000		73,476,000
Allowance for credit losses	$ 7,210,000	$ 7,495,000	$ 8,096,000	$ 9,222,000	$ 10,214,000	$ 10,261,000
Average Credit Score Fico | score	707		704
Percentage of nominal value	65%		64%
Obligations of Puerto Rico, States and political subdivisions | Munis Payable From Real and Personal Property Taxes
Debt Securities, Held-to-maturity
Held to maturity securities	$ 24,660,000		$ 30,145,000
Allowance for credit losses	300,000		300,000
Obligations of Puerto Rico, States and political subdivisions | Munis Not Guaranteed By Puerto Rico Central Government
Debt Securities, Held-to-maturity
Held to maturity securities	42,000,000		43,000,000
Allowance for credit losses	6,900,000		7,800,000
Past due
Debt Securities, Held-to-maturity
Held to maturity securities	$ 0		$ 0

Loans - Loans held-in-portfolio

Loans - Loans held-in-portfolio in past due status, non-performing status and accruing loans past-due 90 days or more by loan class (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	$ 31,523,188	$ 29,240,557
Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	371,262	344,648
Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	151,890	117,801
Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	793,922	1,028,644
Non-accrual loans	453,419	547,877
Accruing loans past-due 90 days or more	340,503	480,767
Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,317,074	1,491,093
Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	30,206,114	27,749,464
Construction
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	816,290	716,220
Construction | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Construction | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,087	0
Construction | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	485
Non-accrual loans	0	485
Accruing loans past-due 90 days or more	0	0
Construction | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,087	485
Construction | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	815,203	715,735
Mortgages
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	7,311,713	7,427,196
Mortgages | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	238,817	229,541
Mortgages | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	94,360	84,327
Mortgages | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	602,911	827,214
Non-accrual loans	274,306	355,856
Accruing loans past-due 90 days or more	328,605	471,358
Mortgages | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	936,088	1,141,082
Mortgages | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,375,625	6,286,114
Commercial | Commercial multi-family
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,204,109	1,962,630
Commercial | Commercial multi-family | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	546	4,140
Commercial | Commercial multi-family | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Commercial | Commercial multi-family | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	251	272
Non-accrual loans	251	272
Accruing loans past-due 90 days or more	0	0
Commercial | Commercial multi-family | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	797	4,412
Commercial | Commercial multi-family | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,203,312	1,958,218
Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,517,475	4,613,390
Commercial | CRE non-owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,005	8,120
Commercial | CRE non-owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	925	819
Commercial | CRE non-owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	32,074	21,338
Non-accrual loans	32,074	21,338
Accruing loans past-due 90 days or more	0	0
Commercial | CRE non-owner occupied | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	36,004	30,277
Commercial | CRE non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,481,471	4,583,113
Commercial | CRE owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,066,548	1,818,102
Commercial | CRE owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10,992	4,424
Commercial | CRE owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,940	278
Commercial | CRE owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	28,985	55,348
Non-accrual loans	28,985	55,348
Accruing loans past-due 90 days or more	0	0
Commercial | CRE owner occupied | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	52,917	60,050
Commercial | CRE owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,013,631	1,758,052
Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,578,727	5,338,579
Commercial | Commercial and Industrial | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,029	12,848
Commercial | Commercial and Industrial | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,283	4,407
Commercial | Commercial and Industrial | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	43,806	49,257
Non-accrual loans	42,566	48,621
Accruing loans past-due 90 days or more	1,240	636
Commercial | Commercial and Industrial | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	55,118	66,512
Commercial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,523,609	5,272,067
Leasing
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,538,504	1,381,319
Leasing | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	14,487	9,240
Leasing | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,740	2,037
Leasing | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,697	3,102
Non-accrual loans	5,697	3,102
Accruing loans past-due 90 days or more	0	0
Leasing | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	22,924	14,379
Leasing | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,515,580	1,366,940
Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	988,550	919,861
Consumer | Credit card | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	7,268	5,768
Consumer | Credit card | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,481	3,520
Consumer | Credit card | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10,361	8,577
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	10,361	8,577
Consumer | Credit card | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	22,110	17,865
Consumer | Credit card | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	966,440	901,996
Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	72,796	78,862
Consumer | Home equity lines of credit | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	256	117
Consumer | Home equity lines of credit | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	577	34
Consumer | Home equity lines of credit | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,970	5,429
Non-accrual loans	3,970	5,406
Accruing loans past-due 90 days or more	0	23
Consumer | Home equity lines of credit | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,803	5,580
Consumer | Home equity lines of credit | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	67,993	73,282
Consumer | Personal loans
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,756,021	1,443,005
Consumer | Personal loans | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	15,220	10,890
Consumer | Personal loans | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,877	6,646
Consumer | Personal loans | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	19,398	21,916
Non-accrual loans	19,378	21,916
Accruing loans past-due 90 days or more	20	0
Consumer | Personal loans | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	43,495	39,452
Consumer | Personal loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,712,526	1,403,553
Consumer | Auto Loan
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,528,904	3,412,187
Consumer | Auto Loan | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	71,230	59,128
Consumer | Auto Loan | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,852	15,019
Consumer | Auto Loan | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	34,432	23,085
Non-accrual loans	34,432	23,085
Accruing loans past-due 90 days or more	0	0
Consumer | Auto Loan | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	127,514	97,232
Consumer | Auto Loan | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,401,390	3,314,955
Consumer | Other
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	143,551	129,206
Consumer | Other | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,412	432
Consumer | Other | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	768	714
Consumer | Other | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,037	12,621
Non-accrual loans	11,760	12,448
Accruing loans past-due 90 days or more	277	173
Consumer | Other | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	14,217	13,767
Consumer | Other | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	129,334	115,439
Puerto Rico
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	22,288,281	20,865,382
Puerto Rico | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	366,382	311,951
Puerto Rico | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	137,840	111,257
Puerto Rico | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	750,106	994,938
Non-accrual loans	410,215	514,289
Accruing loans past-due 90 days or more	339,891	480,649
Puerto Rico | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,254,328	1,418,146
Puerto Rico | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,033,953	19,447,236
Puerto Rico | Construction
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	211,567	87,111
Puerto Rico | Construction | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Puerto Rico | Construction | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,087	0
Puerto Rico | Construction | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	485
Non-accrual loans	0	485
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Construction | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,087	485
Puerto Rico | Construction | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	210,480	86,626
Puerto Rico | Mortgages
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,055,843	6,251,866
Puerto Rico | Mortgages | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	237,316	217,830
Puerto Rico | Mortgages | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	89,802	81,754
Puerto Rico | Mortgages | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	581,378	805,245
Non-accrual loans	252,773	333,887
Accruing loans past-due 90 days or more	328,605	471,358
Puerto Rico | Mortgages | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	908,496	1,104,829
Puerto Rico | Mortgages | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,147,347	5,147,037
Puerto Rico | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	277,318	154,769
Puerto Rico | Commercial | Commercial multi-family | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	546	314
Puerto Rico | Commercial | Commercial multi-family | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Puerto Rico | Commercial | Commercial multi-family | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	251	272
Non-accrual loans	251	272
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Commercial | Commercial multi-family | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	797	586
Puerto Rico | Commercial | Commercial multi-family | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	276,521	154,183
Puerto Rico | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,846,040	2,289,923
Puerto Rico | Commercial | CRE non-owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,005	2,399
Puerto Rico | Commercial | CRE non-owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	789	136
Puerto Rico | Commercial | CRE non-owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,443	20,716
Non-accrual loans	21,443	20,716
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Commercial | CRE non-owner occupied | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	25,237	23,251
Puerto Rico | Commercial | CRE non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,820,803	2,266,672
Puerto Rico | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,588,137	1,423,729
Puerto Rico | Commercial | CRE owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10,992	3,329
Puerto Rico | Commercial | CRE owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	7,834	278
Puerto Rico | Commercial | CRE owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	28,379	54,335
Non-accrual loans	28,379	54,335
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Commercial | CRE owner occupied | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	47,205	57,942
Puerto Rico | Commercial | CRE owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,540,932	1,365,787
Puerto Rico | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,594,088	3,528,448
Puerto Rico | Commercial | Commercial and Industrial | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	7,105	3,438
Puerto Rico | Commercial | Commercial and Industrial | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,139	1,727
Puerto Rico | Commercial | Commercial and Industrial | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	38,003	45,242
Non-accrual loans	37,375	44,724
Accruing loans past-due 90 days or more	628	518
Puerto Rico | Commercial | Commercial and Industrial | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	46,247	50,407
Puerto Rico | Commercial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,547,841	3,478,041
Puerto Rico | Leasing
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,538,504	1,381,319
Puerto Rico | Leasing | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	14,487	9,240
Puerto Rico | Leasing | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,740	2,037
Puerto Rico | Leasing | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,697	3,102
Non-accrual loans	5,697	3,102
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Leasing | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	22,924	14,379
Puerto Rico | Leasing | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,515,580	1,366,940
Puerto Rico | Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	988,516	919,851
Puerto Rico | Consumer | Credit card | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	7,268	5,768
Puerto Rico | Consumer | Credit card | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,481	3,520
Puerto Rico | Consumer | Credit card | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10,361	8,577
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	10,361	8,577
Puerto Rico | Consumer | Credit card | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	22,110	17,865
Puerto Rico | Consumer | Credit card | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	966,406	901,986
Puerto Rico | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,957	3,571
Puerto Rico | Consumer | Home equity lines of credit | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	46
Puerto Rico | Consumer | Home equity lines of credit | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Puerto Rico | Consumer | Home equity lines of credit | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	23
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	0	23
Puerto Rico | Consumer | Home equity lines of credit | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	69
Puerto Rico | Consumer | Home equity lines of credit | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,957	3,502
Puerto Rico | Consumer | Personal loans
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,517,956	1,288,060
Puerto Rico | Consumer | Personal loans | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	13,725	10,027
Puerto Rico | Consumer | Personal loans | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	7,348	6,072
Puerto Rico | Consumer | Personal loans | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	18,137	21,235
Non-accrual loans	18,117	21,235
Accruing loans past-due 90 days or more	20	0
Puerto Rico | Consumer | Personal loans | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	39,210	37,334
Puerto Rico | Consumer | Personal loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,478,746	1,250,726
Puerto Rico | Consumer | Auto Loan
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,528,904	3,412,187
Puerto Rico | Consumer | Auto Loan | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	71,230	59,128
Puerto Rico | Consumer | Auto Loan | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,852	15,019
Puerto Rico | Consumer | Auto Loan | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	34,432	23,085
Non-accrual loans	34,432	23,085
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Consumer | Auto Loan | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	127,514	97,232
Puerto Rico | Consumer | Auto Loan | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,401,390	3,314,955
Puerto Rico | Consumer | Other
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	138,451	124,548
Puerto Rico | Consumer | Other | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	708	432
Puerto Rico | Consumer | Other | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	768	714
Puerto Rico | Consumer | Other | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,025	12,621
Non-accrual loans	11,748	12,448
Accruing loans past-due 90 days or more	277	173
Puerto Rico | Consumer | Other | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	13,501	13,767
Puerto Rico | Consumer | Other | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	124,950	110,781
Popular U.S.
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	9,234,907	8,375,175
Popular U.S. | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,880	32,697
Popular U.S. | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	14,050	6,544
Popular U.S. | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	43,816	33,706
Non-accrual loans	43,204	33,588
Accruing loans past-due 90 days or more	612	118
Popular U.S. | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	62,746	72,947
Popular U.S. | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	9,172,161	8,302,228
Popular U.S. | Construction
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	604,723	629,109
Popular U.S. | Construction | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Construction | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Construction | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Construction | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Construction | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	604,723	629,109
Popular U.S. | Mortgages
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,255,870	1,175,330
Popular U.S. | Mortgages | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,501	11,711
Popular U.S. | Mortgages | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,558	2,573
Popular U.S. | Mortgages | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,533	21,969
Non-accrual loans	21,533	21,969
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Mortgages | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	27,592	36,253
Popular U.S. | Mortgages | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,228,278	1,139,077
Popular U.S. | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,926,791	1,807,861
Popular U.S. | Commercial | Commercial multi-family | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	3,826
Popular U.S. | Commercial | Commercial multi-family | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Commercial | Commercial multi-family | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Commercial | Commercial multi-family | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	3,826
Popular U.S. | Commercial | Commercial multi-family | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,926,791	1,804,035
Popular U.S. | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,671,435	2,323,467
Popular U.S. | Commercial | CRE non-owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	5,721
Popular U.S. | Commercial | CRE non-owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	136	683
Popular U.S. | Commercial | CRE non-owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10,631	622
Non-accrual loans	10,631	622
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Commercial | CRE non-owner occupied | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10,767	7,026
Popular U.S. | Commercial | CRE non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,660,668	2,316,441
Popular U.S. | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,478,411	394,373
Popular U.S. | Commercial | CRE owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	1,095
Popular U.S. | Commercial | CRE owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,106	0
Popular U.S. | Commercial | CRE owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	606	1,013
Non-accrual loans	606	1,013
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Commercial | CRE owner occupied | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,712	2,108
Popular U.S. | Commercial | CRE owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,472,699	392,265
Popular U.S. | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,984,639	1,810,131
Popular U.S. | Commercial | Commercial and Industrial | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	924	9,410
Popular U.S. | Commercial | Commercial and Industrial | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,144	2,680
Popular U.S. | Commercial | Commercial and Industrial | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,803	4,015
Non-accrual loans	5,191	3,897
Accruing loans past-due 90 days or more	612	118
Popular U.S. | Commercial | Commercial and Industrial | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,871	16,105
Popular U.S. | Commercial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,975,768	1,794,026
Popular U.S. | Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	34	10
Popular U.S. | Consumer | Credit card | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Consumer | Credit card | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Consumer | Credit card | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Consumer | Credit card | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Consumer | Credit card | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	34	10
Popular U.S. | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	69,839	75,291
Popular U.S. | Consumer | Home equity lines of credit | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	256	71
Popular U.S. | Consumer | Home equity lines of credit | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	577	34
Popular U.S. | Consumer | Home equity lines of credit | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,970	5,406
Non-accrual loans	3,970	5,406
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Consumer | Home equity lines of credit | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,803	5,511
Popular U.S. | Consumer | Home equity lines of credit | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	65,036	69,780
Popular U.S. | Consumer | Personal loans
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	238,065	154,945
Popular U.S. | Consumer | Personal loans | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,495	863
Popular U.S. | Consumer | Personal loans | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,529	574
Popular U.S. | Consumer | Personal loans | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,261	681
Non-accrual loans	1,261	681
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Consumer | Personal loans | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,285	2,118
Popular U.S. | Consumer | Personal loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	233,780	152,827
Popular U.S. | Consumer | Other
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,100	4,658
Popular U.S. | Consumer | Other | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	704	0
Popular U.S. | Consumer | Other | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Consumer | Other | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12	0
Non-accrual loans	12	0
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Consumer | Other | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	716	0
Popular U.S. | Consumer | Other | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	$ 4,384	$ 4,658

Loans - Loans HIP in past due s

Loans - Loans HIP in past due status, non-performing status and accruing loans past-due 90 days or more by loan class (Parenthetical) (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable
Unearned Income	$ 282,733		$ 265,668
Loans held-for-sale, at lower of cost or fair value	8,065		59,168
Loans pledged as collateral	7,200,000		6,600,000
Loans-held-in portfolio served as collateral to secure credit facilities authorized with the FHLB	3,000,000		3,200,000
Notes Receivable Gross	31,523,188		29,240,557
FRB Advances
Accounts, Notes, Loans and Financing Receivable
Loans served as collateral to secure debt obligations	1,900,000		1,700,000
Public Funds
Accounts, Notes, Loans and Financing Receivable
Loans served as collateral to secure debt obligations	2,300,000		1,700,000
Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	30,206,114		27,749,464
Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,317,074		1,491,093
Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	340,503		480,767
Notes Receivable Gross	793,922		1,028,644
GNMA
Accounts, Notes, Loans and Financing Receivable
Repurchased loans	49,000	$ 80,000
Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	7,311,713		7,427,196
Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,375,625		6,286,114
Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	936,088		1,141,082
Mortgages | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	328,605		471,358
Notes Receivable Gross	602,911		827,214
Mortgages | GNMA | Buy Back Option Program | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	9,000		13,000
Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	$ 42,000		$ 50,000

Loans - Amortized cost basis an

Loans - Amortized cost basis and interest income recognized on non-accrual loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing receivable nonaccrual status
Non-accrual with no allowance	$ 190,430	$ 236,858
Non-accrual with allowance	262,989	311,019
Construction
Financing receivable nonaccrual status
Non-accrual with no allowance		0
Non-accrual with allowance		485
Mortgages
Financing receivable nonaccrual status
Non-accrual with no allowance	132,300	169,856
Non-accrual with allowance	142,006	186,000
Commercial | Commercial multi-family
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	251	272
Commercial | CRE non-owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	16,931	15,819
Non-accrual with allowance	15,143	5,519
Commercial | CRE owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	11,247	13,491
Non-accrual with allowance	17,738	41,857
Commercial | Commercial and Industrial
Financing receivable nonaccrual status
Non-accrual with no allowance	22,844	30,177
Non-accrual with allowance	19,722	18,444
Leasing
Financing receivable nonaccrual status
Non-accrual with no allowance	218	276
Non-accrual with allowance	5,479	2,826
Consumer | Home equity lines of credit
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	3,970	5,406
Consumer | Personal loans
Financing receivable nonaccrual status
Non-accrual with no allowance	5,560	6,360
Non-accrual with allowance	13,818	15,556
Consumer | Auto Loan
Financing receivable nonaccrual status
Non-accrual with no allowance	1,067	879
Non-accrual with allowance	33,365	22,206
Consumer | Other
Financing receivable nonaccrual status
Non-accrual with no allowance	263	0
Non-accrual with allowance	11,497	12,448
Puerto Rico
Financing receivable nonaccrual status
Non-accrual with no allowance	190,430	236,748
Non-accrual with allowance	219,785	277,541
Puerto Rico | Construction
Financing receivable nonaccrual status
Non-accrual with no allowance		0
Non-accrual with allowance		485
Puerto Rico | Mortgages
Financing receivable nonaccrual status
Non-accrual with no allowance	132,300	169,827
Non-accrual with allowance	120,473	164,060
Puerto Rico | Commercial | Commercial multi-family
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	251	272
Puerto Rico | Commercial | CRE non-owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	16,931	15,819
Non-accrual with allowance	4,512	4,897
Puerto Rico | Commercial | CRE owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	11,247	13,491
Non-accrual with allowance	17,132	40,844
Puerto Rico | Commercial | Commercial and Industrial
Financing receivable nonaccrual status
Non-accrual with no allowance	22,844	30,177
Non-accrual with allowance	14,531	14,547
Puerto Rico | Leasing
Financing receivable nonaccrual status
Non-accrual with no allowance	218	276
Non-accrual with allowance	5,479	2,826
Puerto Rico | Consumer | Home equity lines of credit
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	0	0
Puerto Rico | Consumer | Personal loans
Financing receivable nonaccrual status
Non-accrual with no allowance	5,560	6,279
Non-accrual with allowance	12,557	14,956
Puerto Rico | Consumer | Auto Loan
Financing receivable nonaccrual status
Non-accrual with no allowance	1,067	879
Non-accrual with allowance	33,365	22,206
Puerto Rico | Consumer | Other
Financing receivable nonaccrual status
Non-accrual with no allowance	263	0
Non-accrual with allowance	11,485	12,448
Popular U.S.
Financing receivable nonaccrual status
Non-accrual with no allowance	0	110
Non-accrual with allowance	43,204	33,478
Popular U.S. | Construction
Financing receivable nonaccrual status
Non-accrual with no allowance		0
Non-accrual with allowance		0
Popular U.S. | Mortgages
Financing receivable nonaccrual status
Non-accrual with no allowance	0	29
Non-accrual with allowance	21,533	21,940
Popular U.S. | Commercial | Commercial multi-family
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	0	0
Popular U.S. | Commercial | CRE non-owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	10,631	622
Popular U.S. | Commercial | CRE owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	606	1,013
Popular U.S. | Commercial | Commercial and Industrial
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	5,191	3,897
Popular U.S. | Leasing
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	0	0
Popular U.S. | Consumer | Home equity lines of credit
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	3,970	5,406
Popular U.S. | Consumer | Personal loans
Financing receivable nonaccrual status
Non-accrual with no allowance	0	81
Non-accrual with allowance	1,261	600
Popular U.S. | Consumer | Auto Loan
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	0	0
Popular U.S. | Consumer | Other
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	$ 12	$ 0

Loans - Amortized cost basis of

Loans - Amortized cost basis of collateral dependent loans by class (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	$ 31,523,188,000	$ 29,240,557,000
Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	432,324,000	497,988,000
Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	388,344,000	449,183,000
Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,094,000	9,557,000
Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	35,000	680,000
Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,777,000	10,675,000
Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	24,074,000	27,893,000
Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	7,311,713,000	7,427,196,000
Mortgages | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	143,326,000	180,700,000
Mortgages | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	143,326,000	180,700,000
Mortgages | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Mortgages | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Mortgages | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Mortgages | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Other | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	263,000
Other | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Other | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Other | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Other | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Other | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	263,000
Commercial | Commercial multi-family
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	2,204,109,000	1,962,630,000
Commercial | Commercial multi-family | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,342,000	1,374,000
Commercial | Commercial multi-family | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,342,000	1,374,000
Commercial | Commercial multi-family | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | Commercial multi-family | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | Commercial multi-family | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | Commercial multi-family | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE non-owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	4,517,475,000	4,613,390,000
Commercial | CRE non-owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	215,038,000	211,026,000
Commercial | CRE non-owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	215,038,000	211,026,000
Commercial | CRE non-owner occupied | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE non-owner occupied | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE non-owner occupied | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE non-owner occupied | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	3,066,548,000	1,818,102,000
Commercial | CRE owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	21,571,000	47,268,000
Commercial | CRE owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	21,571,000	47,268,000
Commercial | CRE owner occupied | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE owner occupied | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE owner occupied | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE owner occupied | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	5,578,727,000	5,338,579,000
Commercial | Commercial and Industrial | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	35,045,000	41,898,000
Commercial | Commercial and Industrial | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,425,000	2,650,000
Commercial | Commercial and Industrial | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | Commercial and Industrial | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	32,000	680,000
Commercial | Commercial and Industrial | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,777,000	10,675,000
Commercial | Commercial and Industrial | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	23,811,000	27,893,000
Consumer | Personal loans
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,756,021,000	1,443,005,000
Consumer | Personal loans | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	5,642,000	6,165,000
Consumer | Personal loans | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	5,642,000	6,165,000
Consumer | Personal loans | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Personal loans | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Personal loans | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Personal loans | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Auto Loan
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	3,528,904,000	3,412,187,000
Consumer | Auto Loan | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,280,000	8,983,000
Consumer | Auto Loan | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Auto Loan | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,280,000	8,983,000
Consumer | Auto Loan | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Auto Loan | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Auto Loan | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	143,551,000	129,206,000
Leasing
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,538,504,000	1,381,319,000
Leasing | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	817,000	574,000
Leasing | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Leasing | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	814,000	574,000
Leasing | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	3,000	0
Leasing | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Leasing | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	22,288,281,000	20,865,382,000
Puerto Rico | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	420,840,000	497,062,000
Puerto Rico | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	376,860,000	448,257,000
Puerto Rico | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,094,000	9,557,000
Puerto Rico | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	35,000	680,000
Puerto Rico | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,777,000	10,675,000
Puerto Rico | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	24,074,000	27,893,000
Puerto Rico | Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,055,843,000	6,251,866,000
Puerto Rico | Mortgages | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	142,473,000	179,774,000
Puerto Rico | Mortgages | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	142,473,000	179,774,000
Puerto Rico | Mortgages | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Mortgages | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Mortgages | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Mortgages | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Other | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	263,000
Puerto Rico | Other | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Puerto Rico | Other | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Puerto Rico | Other | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Puerto Rico | Other | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Puerto Rico | Other | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	263,000
Puerto Rico | Commercial | Commercial multi-family
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	277,318,000	154,769,000
Puerto Rico | Commercial | Commercial multi-family | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,342,000	1,374,000
Puerto Rico | Commercial | Commercial multi-family | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,342,000	1,374,000
Puerto Rico | Commercial | Commercial multi-family | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | Commercial multi-family | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | Commercial multi-family | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | Commercial multi-family | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE non-owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	2,846,040,000	2,289,923,000
Puerto Rico | Commercial | CRE non-owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	204,407,000	211,026,000
Puerto Rico | Commercial | CRE non-owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	204,407,000	211,026,000
Puerto Rico | Commercial | CRE non-owner occupied | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE non-owner occupied | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE non-owner occupied | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE non-owner occupied | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,588,137,000	1,423,729,000
Puerto Rico | Commercial | CRE owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	21,571,000	47,268,000
Puerto Rico | Commercial | CRE owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	21,571,000	47,268,000
Puerto Rico | Commercial | CRE owner occupied | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE owner occupied | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE owner occupied | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE owner occupied | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	3,594,088,000	3,528,448,000
Puerto Rico | Commercial | Commercial and Industrial | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	35,045,000	41,898,000
Puerto Rico | Commercial | Commercial and Industrial | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,425,000	2,650,000
Puerto Rico | Commercial | Commercial and Industrial | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | Commercial and Industrial | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	32,000	680,000
Puerto Rico | Commercial | Commercial and Industrial | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,777,000	10,675,000
Puerto Rico | Commercial | Commercial and Industrial | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	23,811,000	27,893,000
Puerto Rico | Consumer | Personal loans
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,517,956,000	1,288,060,000
Puerto Rico | Consumer | Personal loans | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	5,642,000	6,165,000
Puerto Rico | Consumer | Personal loans | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	5,642,000	6,165,000
Puerto Rico | Consumer | Personal loans | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Personal loans | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Personal loans | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Personal loans | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Auto Loan
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	3,528,904,000	3,412,187,000
Puerto Rico | Consumer | Auto Loan | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,280,000	8,983,000
Puerto Rico | Consumer | Auto Loan | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Auto Loan | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,280,000	8,983,000
Puerto Rico | Consumer | Auto Loan | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Auto Loan | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Auto Loan | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	138,451,000	124,548,000
Puerto Rico | Leasing
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,538,504,000	1,381,319,000
Puerto Rico | Leasing | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	817,000	574,000
Puerto Rico | Leasing | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Leasing | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	814,000	574,000
Puerto Rico | Leasing | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	3,000	0
Puerto Rico | Leasing | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Leasing | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S.
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,234,907,000	8,375,175,000
Popular U.S. | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	11,484,000	926,000
Popular U.S. | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	11,484,000	926,000
Popular U.S. | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,255,870,000	1,175,330,000
Popular U.S. | Mortgages | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	853,000	926,000
Popular U.S. | Mortgages | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	853,000	926,000
Popular U.S. | Mortgages | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Mortgages | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Mortgages | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Mortgages | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Commercial | Commercial multi-family
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,926,791,000	1,807,861,000
Popular U.S. | Commercial | CRE non-owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,671,435,000	2,323,467,000
Popular U.S. | Commercial | CRE non-owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,631,000
Popular U.S. | Commercial | CRE non-owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,631,000
Popular U.S. | Commercial | CRE non-owner occupied | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Popular U.S. | Commercial | CRE non-owner occupied | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Popular U.S. | Commercial | CRE non-owner occupied | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Popular U.S. | Commercial | CRE non-owner occupied | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Popular U.S. | Commercial | CRE owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,478,411,000	394,373,000
Popular U.S. | Commercial | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,984,639,000	1,810,131,000
Popular U.S. | Consumer | Personal loans
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	238,065,000	154,945,000
Popular U.S. | Consumer | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	$ 5,100,000	$ 4,658,000

Loans - Purchased Credit Deteri

Loans - Purchased Credit Deteriorated Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Purchased Financial Assets With Credit Deterioration [Abstract]
Purchase price of loans at acquisition	$ 247	$ 1,060	$ 2,840	$ 10,044
Allowance for credit losses at acquisition	59	253	841	2,811
Non-credit discount/(premium) at acquisition	6	54	131	389
Par value of acquired loans at acquisition	$ 312	$ 1,367	$ 3,812	$ 13,244

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable
Interest income recognized			$ 3,000	$ 4,000
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds	$ 36,684	$ 167,879	300,051	554,621
Loans held in portfolio, net of unearned income	31,523,188		31,523,188		$ 29,240,557
Non-accrual with no allowance	190,430		190,430		236,858
Troubled debt restructurings	1,640,640		1,640,640		1,656,822
Trading account debt securities
Accounts, Notes, Loans and Financing Receivable
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds	35,875	165,282	294,872	546,335
Accruing
Accounts, Notes, Loans and Financing Receivable
Troubled debt restructurings	1,488,548		1,488,548		1,468,966
Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	432,324		432,324		497,988
Non-accrual with no allowance	190,000		190,000		237,000
Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	1,317,074		1,317,074		1,491,093
Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	340,503		340,503		480,767
Loans held in portfolio, net of unearned income	793,922		793,922		1,028,644
Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	30,206,114		30,206,114		27,749,464
GNMA
Accounts, Notes, Loans and Financing Receivable
Repurchased loans			49,000	80,000
GNMA | Trading account debt securities
Accounts, Notes, Loans and Financing Receivable
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds	14,190	84,896	169,352	293,613
FNMA | Trading account debt securities
Accounts, Notes, Loans and Financing Receivable
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds	21,685	76,118	117,015	234,953
FHLMC | Trading account debt securities
Accounts, Notes, Loans and Financing Receivable
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds		4,268	8,505	17,769
Consumer loans
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	135,000		349,000
Residential Mortgage
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	66,000	90,000	219,000	310,000
Mortgage Loans Sold	17,000	31,000	50,000	116,000
Commercial Loans
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	106,000	41,000	129,000	90,000
Purchased credit deterioration loan
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	300	1,000	4,000	13,000
Mortgages
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	7,311,713		7,311,713		7,427,196
Non-accrual with no allowance	132,300		132,300		169,856
Troubled debt restructurings	1,253,001		1,253,001		1,255,713
Mortgages | Accruing
Accounts, Notes, Loans and Financing Receivable
Troubled debt restructurings	1,167,237		1,167,237		1,143,204
Mortgages | Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	143,326		143,326		180,700
Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	936,088		936,088		1,141,082
Mortgages | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	328,605		328,605		471,358
Loans held in portfolio, net of unearned income	602,911		602,911		827,214
Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	6,375,625		6,375,625		6,286,114
Mortgages | US Government Agency Insured Loans
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	1,900,000		1,900,000		1,900,000
Mortgages | US Government Agency Insured Loans | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	300,000		300,000		500,000
Mortgages | Guaranteed by U.S. sponsored entities | Accruing
Accounts, Notes, Loans and Financing Receivable
Troubled debt restructurings	725,000		725,000		716,000
Mortgages | GNMA | Buy Back Option Program | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	9,000		9,000		13,000
Commercial Loans
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	106,000
Loans Sold	11,000	$ 35,000	54,000	$ 44,000
Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	42,000		42,000		50,000
Residential mortgage loans insured By FHA
Accounts, Notes, Loans and Financing Receivable
Non-accrual with no allowance	198,000		198,000		304,000
Puerto Rico
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	22,288,281		22,288,281		20,865,382
Non-accrual with no allowance	190,430		190,430		236,748
Puerto Rico | Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	420,840		420,840		497,062
Puerto Rico | Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	1,254,328		1,254,328		1,418,146
Puerto Rico | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	339,891		339,891		480,649
Loans held in portfolio, net of unearned income	750,106		750,106		994,938
Puerto Rico | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	21,033,953		21,033,953		19,447,236
Puerto Rico | Mortgages
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	6,055,843		6,055,843		6,251,866
Non-accrual with no allowance	132,300		132,300		169,827
Puerto Rico | Mortgages | Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	142,473		142,473		179,774
Puerto Rico | Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	908,496		908,496		1,104,829
Puerto Rico | Mortgages | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	328,605		328,605		471,358
Loans held in portfolio, net of unearned income	581,378		581,378		805,245
Puerto Rico | Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	5,147,347		5,147,347		5,147,037
Puerto Rico | Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	42,000		42,000		50,000
Puerto Rico | Residential mortgage loans insured By FHA | Past due
Accounts, Notes, Loans and Financing Receivable
Non-accrual with no allowance	$ 198,000		$ 198,000		$ 304,000

Allowance for credit losses - A

Allowance for credit losses - Allowance Movement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable, Allowance for Credit Losses
Beginning balance	$ 681,750	$ 785,790	$ 695,366	$ 896,250
Provision for credit losses (benefit)	39,519	(58,645)	34,975	(151,924)
Initial allowance for credit losses - PCD Loans	59	253	841	2,811
Charge-offs	(39,552)	(31,567)	(93,061)	(109,347)
Recoveries	21,320	22,744	64,975	80,785
Ending balance	703,096	718,575	703,096	718,575
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	6,904	9,936	7,897	15,851
Provision for credit losses (benefit)	403	(1,536)	(590)	(7,451)
Balance at end of period	7,307	8,400	7,307	8,400
Construction
Financing Receivable, Allowance for Credit Losses
Beginning balance	6,913	11,256	6,363	14,237
Provision for credit losses (benefit)	(714)	(3,629)	(2,107)	(1,079)
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	0	(1)	0	(7,143)
Recoveries	0	2,224	1,943	3,835
Ending balance	6,199	9,850	6,199	9,850
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	3,495	5,077	4,725	9,079
Provision for credit losses (benefit)	(301)	(203)	(1,531)	(4,205)
Balance at end of period	3,194	4,874	3,194	4,874
Mortgages
Financing Receivable, Allowance for Credit Losses
Beginning balance	148,305	182,619	154,478	215,716
Provision for credit losses (benefit)	(12,018)	(14,653)	(26,373)	(41,573)
Initial allowance for credit losses - PCD Loans	59	253	841	2,811
Charge-offs	(1,720)	(1,159)	(4,476)	(16,588)
Recoveries	3,908	3,318	14,064	10,012
Ending balance	138,534	170,378	138,534	170,378
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Balance at end of period	0	0	0	0
Commercial
Financing Receivable, Allowance for Credit Losses
Beginning balance	209,630	271,144	215,805	333,380
Provision for credit losses (benefit)	18,566	(32,436)	4,259	(106,380)
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	(5,538)	(9,505)	(7,911)	(15,496)
Recoveries	7,199	5,611	17,704	23,310
Ending balance	229,857	234,814	229,857	234,814
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	3,349	4,811	3,135	6,666
Provision for credit losses (benefit)	667	(1,320)	881	(3,175)
Balance at end of period	4,016	3,491	4,016	3,491
Leasing
Financing Receivable, Allowance for Credit Losses
Beginning balance	19,037	17,551	17,578	16,863
Provision for credit losses (benefit)	2,115	(5,613)	3,807	(4,414)
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	(2,191)	(1,054)	(4,094)	(3,247)
Recoveries	853	750	2,523	2,432
Ending balance	19,814	11,634	19,814	11,634
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Balance at end of period	0	0	0	0
Consumer
Financing Receivable, Allowance for Credit Losses
Beginning balance	297,865	303,220	301,142	316,054
Provision for credit losses (benefit)	31,570	(2,314)	55,389	1,522
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	(30,103)	(19,848)	(76,580)	(66,873)
Recoveries	9,360	10,841	28,741	41,196
Ending balance	308,692	291,899	308,692	291,899
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	60	48	37	106
Provision for credit losses (benefit)	37	(13)	60	(71)
Balance at end of period	97	35	97	35
Puerto Rico
Financing Receivable, Allowance for Credit Losses
Beginning balance	580,577	661,853	594,162	739,750
Provision for credit losses (benefit)	28,694	(35,992)	25,161	(98,456)
Initial allowance for credit losses - PCD Loans	59	253	841	2,811
Charge-offs	(37,209)	(29,904)	(87,493)	(100,457)
Recoveries	18,813	20,568	58,263	73,130
Ending balance	590,934	616,778	590,934	616,778
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	3,566	4,657	4,139	9,523
Provision for credit losses (benefit)	1,217	(252)	644	(5,118)
Balance at end of period	4,783	4,405	4,783	4,405
Puerto Rico | Construction
Financing Receivable, Allowance for Credit Losses
Beginning balance	3,074	1,220	1,641	4,871
Provision for credit losses (benefit)	1,181	(1,532)	1,803	255
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	0	(1)	0	(6,620)
Recoveries	0	2,224	811	3,405
Ending balance	4,255	1,911	4,255	1,911
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	1,534	1,405	2,388	4,610
Provision for credit losses (benefit)	349	663	(505)	(2,542)
Balance at end of period	1,883	2,068	1,883	2,068
Puerto Rico | Mortgages
Financing Receivable, Allowance for Credit Losses
Beginning balance	130,030	166,808	138,286	195,557
Provision for credit losses (benefit)	(11,648)	(14,110)	(28,129)	(36,179)
Initial allowance for credit losses - PCD Loans	59	253	841	2,811
Charge-offs	(1,720)	(1,157)	(4,408)	(16,585)
Recoveries	3,885	3,268	14,016	9,458
Ending balance	120,606	155,062	120,606	155,062
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Balance at end of period	0	0	0	0
Puerto Rico | Commercial
Financing Receivable, Allowance for Credit Losses
Beginning balance	153,547	186,784	151,928	225,323
Provision for credit losses (benefit)	7,078	(13,923)	1,055	(63,773)
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	(4,818)	(9,481)	(6,667)	(14,399)
Recoveries	5,968	5,124	15,459	21,353
Ending balance	161,775	168,504	161,775	168,504
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	2,032	3,252	1,751	4,913
Provision for credit losses (benefit)	868	(915)	1,149	(2,576)
Balance at end of period	2,900	2,337	2,900	2,337
Puerto Rico | Leasing
Financing Receivable, Allowance for Credit Losses
Beginning balance	19,037	17,551	17,578	16,863
Provision for credit losses (benefit)	2,115	(5,613)	3,807	(4,414)
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	(2,191)	(1,054)	(4,094)	(3,247)
Recoveries	853	750	2,523	2,432
Ending balance	19,814	11,634	19,814	11,634
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Balance at end of period	0	0	0	0
Puerto Rico | Consumer
Financing Receivable, Allowance for Credit Losses
Beginning balance	274,889	289,490	284,729	297,136
Provision for credit losses (benefit)	29,968	(814)	46,625	5,655
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	(28,480)	(18,211)	(72,324)	(59,606)
Recoveries	8,107	9,202	25,454	36,482
Ending balance	284,484	279,667	284,484	279,667
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Balance at end of period	0	0	0	0
Popular U.S.
Financing Receivable, Allowance for Credit Losses
Beginning balance	101,173	123,937	101,204	156,500
Provision for credit losses (benefit)	10,825	(22,653)	9,814	(53,468)
Charge-offs	(2,343)	(1,663)	(5,568)	(8,890)
Recoveries	2,507	2,176	6,712	7,655
Ending balance	112,162	101,797	112,162	101,797
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	3,338	5,279	3,758	6,328
Provision for credit losses (benefit)	(814)	(1,284)	(1,234)	(2,333)
Balance at end of period	2,524	3,995	2,524	3,995
Popular U.S. | Construction
Financing Receivable, Allowance for Credit Losses
Beginning balance	3,839	10,036	4,722	9,366
Provision for credit losses (benefit)	(1,895)	(2,097)	(3,910)	(1,334)
Charge-offs	0	0	0	(523)
Recoveries	0	0	1,132	430
Ending balance	1,944	7,939	1,944	7,939
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	1,961	3,672	2,337	4,469
Provision for credit losses (benefit)	(650)	(866)	(1,026)	(1,663)
Balance at end of period	1,311	2,806	1,311	2,806
Popular U.S. | Mortgages
Financing Receivable, Allowance for Credit Losses
Beginning balance	18,275	15,811	16,192	20,159
Provision for credit losses (benefit)	(370)	(543)	1,756	(5,394)
Charge-offs	0	(2)	(68)	(3)
Recoveries	23	50	48	554
Ending balance	17,928	15,316	17,928	15,316
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Balance at end of period	0	0	0	0
Popular U.S. | Commercial
Financing Receivable, Allowance for Credit Losses
Beginning balance	56,083	84,360	63,877	108,057
Provision for credit losses (benefit)	11,488	(18,513)	3,204	(42,607)
Charge-offs	(720)	(24)	(1,244)	(1,097)
Recoveries	1,231	487	2,245	1,957
Ending balance	68,082	66,310	68,082	66,310
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	1,317	1,559	1,384	1,753
Provision for credit losses (benefit)	(201)	(405)	(268)	(599)
Balance at end of period	1,116	1,154	1,116	1,154
Popular U.S. | Consumer
Financing Receivable, Allowance for Credit Losses
Beginning balance	22,976	13,730	16,413	18,918
Provision for credit losses (benefit)	1,602	(1,500)	8,764	(4,133)
Charge-offs	(1,623)	(1,637)	(4,256)	(7,267)
Recoveries	1,253	1,639	3,287	4,714
Ending balance	24,208	12,232	24,208	12,232
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	60	48	37	106
Provision for credit losses (benefit)	37	(13)	60	(71)
Balance at end of period	$ 97	$ 35	$ 97	$ 35

Allowance for credit losses - T

Allowance for credit losses - Troubled debt restructuring according to their accruing status (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable
Troubled debt restructurings	$ 1,640,640	$ 1,656,822
Accruing
Financing Receivable
Troubled debt restructurings	1,488,548	1,468,966
Non-Accruing
Financing Receivable
Troubled debt restructurings	152,092	187,856
Mortgages
Financing Receivable
Troubled debt restructurings	1,253,001	1,255,713
Mortgages | Accruing
Financing Receivable
Troubled debt restructurings	1,167,237	1,143,204
Mortgages | Non-Accruing
Financing Receivable
Troubled debt restructurings	85,764	112,509
Commercial
Financing Receivable
Troubled debt restructurings	324,552	326,088
Commercial | Accruing
Financing Receivable
Troubled debt restructurings	266,036	261,344
Commercial | Non-Accruing
Financing Receivable
Troubled debt restructurings	58,516	64,744
Leasing
Financing Receivable
Troubled debt restructurings	162	372
Leasing | Accruing
Financing Receivable
Troubled debt restructurings	126	325
Leasing | Non-Accruing
Financing Receivable
Troubled debt restructurings	36	47
Consumer
Financing Receivable
Troubled debt restructurings	62,925	74,649
Consumer | Accruing
Financing Receivable
Troubled debt restructurings	55,149	64,093
Consumer | Non-Accruing
Financing Receivable
Troubled debt restructurings	7,776	10,556
TDR
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	92,830	102,790
TDR | Mortgages
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	59,995	61,888
TDR | Commercial
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	18,932	24,736
TDR | Leasing
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	26	42
TDR | Consumer
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	$ 13,877	$ 16,124

Allowance for credit losses -_3

Allowance for credit losses - Troubled debt restructuring according to their accruing status - Subnote (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable
Financing Receivable Modifications Recorded Investment	$ 1,640,640	$ 1,656,822
Accruing
Financing Receivable
Financing Receivable Modifications Recorded Investment	1,488,548	1,468,966
Mortgages
Financing Receivable
Financing Receivable Modifications Recorded Investment	1,253,001	1,255,713
Mortgages | Accruing
Financing Receivable
Financing Receivable Modifications Recorded Investment	1,167,237	1,143,204
Mortgages | Guaranteed by U.S. sponsored entities | Accruing
Financing Receivable
Financing Receivable Modifications Recorded Investment	$ 725,000	$ 716,000

Allowance for credit losses -_4

Allowance for credit losses - Troubled debt restructurings loan count by type of modification (Details) - loans	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable
Loan count	338	619	1,103	1,911
Reduction in interest rate
Financing Receivable
Loan count	38	61	124	302
Extension of maturity date
Financing Receivable
Loan count	73	71	207	257
Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	213	458	721	1,286
Other
Financing Receivable
Loan count	14	29	51	66
Mortgages
Financing Receivable
Loan count	277	507	852	1,426
Mortgages | Reduction in interest rate
Financing Receivable
Loan count	2	13	6	35
Mortgages | Extension of maturity date
Financing Receivable
Loan count	63	35	128	114
Mortgages | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	210	455	715	1,273
Mortgages | Other
Financing Receivable
Loan count	2	4	3	4
Commercial | Commercial multi-family
Financing Receivable
Loan count				2
Commercial | Commercial multi-family | Reduction in interest rate
Financing Receivable
Loan count		0		0
Commercial | Commercial multi-family | Extension of maturity date
Financing Receivable
Loan count		0		1
Commercial | Commercial multi-family | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count		0		1
Commercial | Commercial multi-family | Other
Financing Receivable
Loan count		0		0
Commercial | CRE non-owner occupied
Financing Receivable
Loan count	2	1	5	10
Commercial | CRE non-owner occupied | Reduction in interest rate
Financing Receivable
Loan count	0	0	0	0
Commercial | CRE non-owner occupied | Extension of maturity date
Financing Receivable
Loan count	0	0	1	9
Commercial | CRE non-owner occupied | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	2	1	2	1
Commercial | CRE non-owner occupied | Other
Financing Receivable
Loan count	0	0	2	0
Commercial | CRE owner occupied
Financing Receivable
Loan count	6	4	14	35
Commercial | CRE owner occupied | Reduction in interest rate
Financing Receivable
Loan count	1	0	2	3
Commercial | CRE owner occupied | Extension of maturity date
Financing Receivable
Loan count	3	0	9	23
Commercial | CRE owner occupied | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	0	1	3
Commercial | CRE owner occupied | Other
Financing Receivable
Loan count	2	4	2	6
Commercial | Commercial and Industrial
Financing Receivable
Loan count	3	11	23	26
Commercial | Commercial and Industrial | Reduction in interest rate
Financing Receivable
Loan count	0	1	3	2
Commercial | Commercial and Industrial | Extension of maturity date
Financing Receivable
Loan count	3	2	8	10
Commercial | Commercial and Industrial | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	0	1	0
Commercial | Commercial and Industrial | Other
Financing Receivable
Loan count	0	8	11	14
Consumer | Credit card
Financing Receivable
Loan count	17	31	63	148
Consumer | Credit card | Reduction in interest rate
Financing Receivable
Loan count	7	19	31	108
Consumer | Credit card | Extension of maturity date
Financing Receivable
Loan count	0	0	0	0
Consumer | Credit card | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	0	0	1
Consumer | Credit card | Other
Financing Receivable
Loan count	10	12	32	39
Consumer | Home equity lines of credit
Financing Receivable
Loan count				2
Consumer | Home equity lines of credit | Reduction in interest rate
Financing Receivable
Loan count		0		0
Consumer | Home equity lines of credit | Extension of maturity date
Financing Receivable
Loan count		0		1
Consumer | Home equity lines of credit | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count		0		1
Consumer | Home equity lines of credit | Other
Financing Receivable
Loan count		0		0
Consumer | Personal loans
Financing Receivable
Loan count	33	59	144	245
Consumer | Personal loans | Reduction in interest rate
Financing Receivable
Loan count	28	28	82	148
Consumer | Personal loans | Extension of maturity date
Financing Receivable
Loan count	4	31	60	94
Consumer | Personal loans | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	1	0	1	1
Consumer | Personal loans | Other
Financing Receivable
Loan count	0	0	1	2
Consumer | Auto Loan
Financing Receivable
Loan count		4	1	8
Consumer | Auto Loan | Reduction in interest rate
Financing Receivable
Loan count	0	0	0	0
Consumer | Auto Loan | Extension of maturity date
Financing Receivable
Loan count	0	3	1	5
Consumer | Auto Loan | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	1	0	3
Consumer | Auto Loan | Other
Financing Receivable
Loan count	0	0	0	0
Consumer | Other
Financing Receivable
Loan count		1		7
Consumer | Other | Reduction in interest rate
Financing Receivable
Loan count		0		6
Consumer | Other | Extension of maturity date
Financing Receivable
Loan count		0		0
Consumer | Other | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count		0		0
Consumer | Other | Other
Financing Receivable
Loan count		1		1
Leasing
Financing Receivable
Loan count		1	1	2
Leasing | Reduction in interest rate
Financing Receivable
Loan count	0	0	0	0
Leasing | Extension of maturity date
Financing Receivable
Loan count	0	0	0	0
Leasing | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	1	1	2
Leasing | Other
Financing Receivable
Loan count	0	0	0	0

Allowance for credit losses - Q

Allowance for credit losses - Quantitative information by loan class for loans modified as T D R (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) loans	Sep. 30, 2021 USD ($) loans	Sep. 30, 2022 USD ($) loans	Sep. 30, 2021 USD ($) loans
Financing Receivable
Loan count | loans	338	619	1,103	1,911
Pre-Modification Recorded Investment	$ 33,627	$ 84,516	$ 166,603	$ 279,837
Post Modification Recorded Investment	34,799	73,242	169,623	273,151
Increase (decrease) in the allowance for loan losses as a result of modification	$ 1,149	$ 2,855	$ 3,531	$ 8,115
Mortgages
Financing Receivable
Loan count | loans	277	507	852	1,426
Pre-Modification Recorded Investment	$ 28,990	$ 67,293	$ 93,773	$ 173,041
Post Modification Recorded Investment	30,192	60,601	96,918	171,852
Increase (decrease) in the allowance for loan losses as a result of modification	$ 1,032	$ 1,889	$ 3,143	$ 5,040
Commercial | Commercial multi-family
Financing Receivable
Loan count | loans				2
Pre-Modification Recorded Investment				$ 246
Post Modification Recorded Investment				211
Increase (decrease) in the allowance for loan losses as a result of modification				$ 26
Commercial | CRE non-owner occupied
Financing Receivable
Loan count | loans	2	1	5	10
Pre-Modification Recorded Investment	$ 1,327	$ 166	$ 4,779	$ 3,461
Post Modification Recorded Investment	1,326	173	4,777	3,454
Increase (decrease) in the allowance for loan losses as a result of modification	$ 10	$ 21	$ 15	$ 162
Commercial | CRE owner occupied
Financing Receivable
Loan count | loans	6	4	14	35
Pre-Modification Recorded Investment	$ 2,488	$ 10,878	$ 15,594	$ 91,678
Post Modification Recorded Investment	2,471	6,812	15,567	86,768
Increase (decrease) in the allowance for loan losses as a result of modification	$ (47)	$ 10	$ (2,120)	$ 1,146
Commercial | Commercial and Industrial
Financing Receivable
Loan count | loans	3	11	23	26
Pre-Modification Recorded Investment	$ 123	$ 4,750	$ 49,625	$ 5,463
Post Modification Recorded Investment	117	4,236	49,425	4,943
Increase (decrease) in the allowance for loan losses as a result of modification	$ 7	$ 642	$ 2,067	$ 707
Consumer | Credit card
Financing Receivable
Loan count | loans	17	31	63	148
Pre-Modification Recorded Investment	$ 157	$ 265	$ 567	$ 1,819
Post Modification Recorded Investment	154	263	599	1,745
Increase (decrease) in the allowance for loan losses as a result of modification	$ 1	$ 4	$ 8	$ 38
Consumer | Home equity lines of credit
Financing Receivable
Loan count | loans				2
Pre-Modification Recorded Investment				$ 176
Post Modification Recorded Investment				228
Increase (decrease) in the allowance for loan losses as a result of modification				$ 54
Consumer | Personal loans
Financing Receivable
Loan count | loans	33	59	144	245
Pre-Modification Recorded Investment	$ 542	$ 756	$ 2,223	$ 3,438
Post Modification Recorded Investment	539	753	2,297	3,434
Increase (decrease) in the allowance for loan losses as a result of modification	$ 146	$ 122	$ 411	$ 754
Consumer | Auto Loan
Financing Receivable
Loan count | loans		4	1	8
Pre-Modification Recorded Investment		$ 107	$ 28	$ 171
Post Modification Recorded Investment		107	28	176
Increase (decrease) in the allowance for loan losses as a result of modification		$ 44	$ 5	$ 59
Consumer | Other
Financing Receivable
Loan count | loans		1		7
Pre-Modification Recorded Investment		$ 293		$ 304
Post Modification Recorded Investment		291		302
Increase (decrease) in the allowance for loan losses as a result of modification		$ 122		$ 124
Leasing
Financing Receivable
Loan count | loans		1	1	2
Pre-Modification Recorded Investment		$ 8	$ 14	$ 40
Post Modification Recorded Investment		6	12	38
Increase (decrease) in the allowance for loan losses as a result of modification		$ 1	$ 2	$ 5

Allowance for credit losses -_5

Allowance for credit losses - T D R that subsequently defaulted (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) loans	Sep. 30, 2021 USD ($) loans	Sep. 30, 2022 USD ($) loans	Sep. 30, 2021 USD ($) loans
Financing Receivable
Loan count | loans	58	56	138	179
Recorded investment as of first default date | $	$ 5,422	$ 3,246	$ 14,169	$ 21,907
Mortgages
Financing Receivable
Loan count | loans	35	25	73	72
Recorded investment as of first default date | $	$ 3,500	$ 2,503	$ 9,200	$ 7,514
Commercial | CRE non-owner occupied
Financing Receivable
Loan count | loans		0		4
Recorded investment as of first default date | $		$ 0		$ 8,421
Commercial | CRE owner occupied
Financing Receivable
Loan count | loans	1	1	1	3
Recorded investment as of first default date | $	$ 560	$ 383	$ 560	$ 4,138
Commercial | Commercial and Industrial
Financing Receivable
Loan count | loans	2	0	5	5
Recorded investment as of first default date | $	$ 1,165	$ 0	$ 3,661	$ 317
Leasing
Financing Receivable
Loan count | loans	1		1
Recorded investment as of first default date | $	$ 5		$ 5
Consumer | Credit card
Financing Receivable
Loan count | loans	4	17	24	74
Recorded investment as of first default date | $	$ 32	$ 202	$ 185	$ 914
Consumer | Personal loans
Financing Receivable
Loan count | loans	15	13	34	21
Recorded investment as of first default date | $	$ 160	$ 158	$ 558	$ 603

Allowance for credit losses - C

Allowance for credit losses - Credit quality indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment
2022 / 2021	$ 5,920,201	$ 6,846,687
2021 / 2020	5,978,494	4,151,913
2020 / 2019	3,629,535	3,156,760
2019 / 2018	2,550,879	2,335,830
2018 / 2017	1,816,043	1,379,915
Prior Years	8,790,883	8,994,389
Revolving Loans Amortized Cost Basis	2,789,153	2,314,896
Revolving Loans Converted to Term Loans Amortized Cost Basis	48,000	60,167
Total	31,523,188	29,240,557
Construction
Financing Receivable, Recorded Investment
2022 / 2021	113,032	152,183
2021 / 2020	218,704	191,967
2020 / 2019	216,619	190,285
2019 / 2018	133,720	57,829
2018 / 2017	34,578	80,936
Prior Years	59,803	20,760
Revolving Loans Amortized Cost Basis	39,834	22,260
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	816,290	716,220
Construction | Watch
Financing Receivable, Recorded Investment
2022 / 2021	35,748	0
2021 / 2020	7,223	14,300
2020 / 2019	10,627	23,547
2019 / 2018	6,979	28,757
2018 / 2017	18,310	34,205
Prior Years	34,126	0
Revolving Loans Amortized Cost Basis	13,252	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	126,265	100,809
Construction | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	858	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	13,655	13,622
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	14,513	13,622
Construction | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	1,127	485
2019 / 2018	0	15,438
2018 / 2017	5,352	10,231
Prior Years	2,095	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	8,574	26,154
Construction | Pass
Financing Receivable, Recorded Investment
2022 / 2021	76,426	152,183
2021 / 2020	211,481	177,667
2020 / 2019	204,865	166,253
2019 / 2018	126,741	13,634
2018 / 2017	10,916	36,500
Prior Years	9,927	7,138
Revolving Loans Amortized Cost Basis	26,582	22,260
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	666,938	575,635
Mortgages
Financing Receivable, Recorded Investment
2022 / 2021	472,023	790,383
2021 / 2020	767,937	576,284
2020 / 2019	540,346	447,641
2019 / 2018	405,693	333,805
2018 / 2017	305,608	205,885
Prior Years	4,820,106	5,073,198
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	7,311,713	7,427,196
Mortgages | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	1,595	5,292
2020 / 2019	5,408	9,106
2019 / 2018	8,694	6,580
2018 / 2017	5,991	4,527
Prior Years	106,440	135,370
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	128,128	160,875
Mortgages | Pass
Financing Receivable, Recorded Investment
2022 / 2021	472,023	790,383
2021 / 2020	766,342	570,992
2020 / 2019	534,938	438,535
2019 / 2018	396,999	327,225
2018 / 2017	299,617	201,358
Prior Years	4,713,666	4,937,828
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	7,183,585	7,266,321
Commercial | Commercial multi-family
Financing Receivable, Recorded Investment
2022 / 2021	479,322	456,149
2021 / 2020	433,842	308,193
2020 / 2019	270,417	369,511
2019 / 2018	344,175	233,519
2018 / 2017	200,193	97,289
Prior Years	474,286	493,653
Revolving Loans Amortized Cost Basis	1,874	4,316
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,204,109	1,962,630
Commercial | Commercial multi-family | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	8,600
2021 / 2020	8,482	41,348
2020 / 2019	42,367	56,229
2019 / 2018	47,254	20,682
2018 / 2017	12,680	37,343
Prior Years	56,363	53,238
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	167,146	217,440
Commercial | Commercial multi-family | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	3,752
2020 / 2019	1,204	9,013
2019 / 2018	938	30,244
2018 / 2017	16,535	11,071
Prior Years	12,111	31,322
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	30,788	85,402
Commercial | Commercial multi-family | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	68,131
2019 / 2018	67,745	12,748
2018 / 2017	7,410	0
Prior Years	11,586	24,901
Revolving Loans Amortized Cost Basis	100	100
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	86,841	105,880
Commercial | Commercial multi-family | Pass
Financing Receivable, Recorded Investment
2022 / 2021	479,322	447,549
2021 / 2020	425,360	263,093
2020 / 2019	226,846	236,138
2019 / 2018	228,238	169,845
2018 / 2017	163,568	48,875
Prior Years	394,226	384,192
Revolving Loans Amortized Cost Basis	1,774	4,216
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,919,334	1,553,908
Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	1,354,631	1,221,538
2021 / 2020	856,062	736,803
2020 / 2019	563,147	353,869
2019 / 2018	265,182	490,076
2018 / 2017	199,074	353,383
Prior Years	1,256,049	1,435,606
Revolving Loans Amortized Cost Basis	23,330	22,115
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	4,517,475	4,613,390
Commercial | CRE non-owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	176	113,181
2021 / 2020	38,486	250,961
2020 / 2019	31,507	67,510
2019 / 2018	18,381	193,620
2018 / 2017	37,256	31,010
Prior Years	112,480	359,593
Revolving Loans Amortized Cost Basis	0	4,017
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	238,286	1,019,892
Commercial | CRE non-owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	21,448
2021 / 2020	29,504	12,563
2020 / 2019	20,439	10,476
2019 / 2018	9,475	7,025
2018 / 2017	0	15,181
Prior Years	100,539	39,625
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	159,957	106,318
Commercial | CRE non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	12,368	30,155
2021 / 2020	3,086	28,546
2020 / 2019	0	30,605
2019 / 2018	31,304	40,000
2018 / 2017	26,549	14,154
Prior Years	70,809	132,730
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	144,116	276,190
Commercial | CRE non-owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	1,342,087	1,056,754
2021 / 2020	784,986	444,733
2020 / 2019	511,201	245,278
2019 / 2018	206,022	249,431
2018 / 2017	135,269	293,038
Prior Years	972,221	903,658
Revolving Loans Amortized Cost Basis	23,330	18,098
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,975,116	3,210,990
Commercial | CRE owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	431,756	389,357
2021 / 2020	703,043	255,915
2020 / 2019	446,170	106,487
2019 / 2018	163,094	101,899
2018 / 2017	263,545	67,930
Prior Years	1,032,034	871,975
Revolving Loans Amortized Cost Basis	26,906	24,539
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,066,548	1,818,102
Commercial | CRE owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	2,400	8,393
2021 / 2020	7,314	8,851
2020 / 2019	11,867	16,797
2019 / 2018	6,527	15,108
2018 / 2017	7,445	4,715
Prior Years	139,480	138,848
Revolving Loans Amortized Cost Basis	4,421	4,222
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	179,454	196,934
Commercial | CRE owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	11	5,573
2021 / 2020	289	857
2020 / 2019	1,273	7,598
2019 / 2018	6,624	1,427
2018 / 2017	6,450	2,449
Prior Years	74,860	105,272
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	89,507	123,176
Commercial | CRE owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	15,720	6,960
2021 / 2020	4,690	1,028
2020 / 2019	1,293	2,794
2019 / 2018	8,577	38,407
2018 / 2017	48,355	1,869
Prior Years	130,871	134,129
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	209,506	185,187
Commercial | CRE owner occupied | Doubtful
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	76
Prior Years	239	612
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	239	688
Commercial | CRE owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	413,625	368,431
2021 / 2020	690,750	245,179
2020 / 2019	431,737	79,298
2019 / 2018	141,366	46,957
2018 / 2017	201,295	58,821
Prior Years	686,584	493,114
Revolving Loans Amortized Cost Basis	22,485	20,317
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,587,842	1,312,117
Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment
2022 / 2021	752,958	1,320,064
2021 / 2020	1,054,950	710,527
2020 / 2019	544,731	536,114
2019 / 2018	425,552	453,570
2018 / 2017	362,806	270,369
Prior Years	847,635	841,485
Revolving Loans Amortized Cost Basis	1,590,095	1,206,450
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	5,578,727	5,338,579
Commercial | Commercial and Industrial | Watch
Financing Receivable, Recorded Investment
2022 / 2021	27,153	190,276
2021 / 2020	65,678	17,209
2020 / 2019	23,749	25,828
2019 / 2018	24,192	113,108
2018 / 2017	33,632	14,582
Prior Years	54,688	92,306
Revolving Loans Amortized Cost Basis	81,163	112,108
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	310,255	565,417
Commercial | Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	6,304	9,884
2021 / 2020	3,604	17,139
2020 / 2019	7,302	15,526
2019 / 2018	1,487	28,954
2018 / 2017	24,698	1,071
Prior Years	47,934	28,663
Revolving Loans Amortized Cost Basis	10,426	68,574
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	101,755	169,811
Commercial | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	20,817	2,727
2021 / 2020	1,547	1,188
2020 / 2019	1,967	7,600
2019 / 2018	7,878	36,321
2018 / 2017	14,219	66,939
Prior Years	43,400	47,058
Revolving Loans Amortized Cost Basis	47,721	38,162
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	137,549	199,995
Commercial | Commercial and Industrial | Doubtful
Financing Receivable, Recorded Investment
2022 / 2021		0
2021 / 2020		0
2020 / 2019		0
2019 / 2018		0
2018 / 2017		0
Prior Years		62
Revolving Loans Amortized Cost Basis		0
Revolving Loans Converted to Term Loans Amortized Cost Basis		0
Total		62
Commercial | Commercial and Industrial | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	262
2021 / 2020	216	58
2020 / 2019	992	108
2019 / 2018	12	17
2018 / 2017	20	51
Prior Years	9	191
Revolving Loans Amortized Cost Basis	4	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,253	687
Commercial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment
2022 / 2021	698,684	1,116,915
2021 / 2020	983,905	674,933
2020 / 2019	510,721	487,052
2019 / 2018	391,983	275,170
2018 / 2017	290,237	187,726
Prior Years	701,604	673,205
Revolving Loans Amortized Cost Basis	1,450,781	987,606
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	5,027,915	4,402,607
Leasing
Financing Receivable, Recorded Investment
2022 / 2021	534,781	613,576
2021 / 2020	459,056	328,703
2020 / 2019	260,166	223,650
2019 / 2018	164,475	133,726
2018 / 2017	92,012	63,510
Prior Years	28,014	18,154
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,538,504	1,381,319
Leasing | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	556	124
2021 / 2020	1,394	618
2020 / 2019	1,090	880
2019 / 2018	1,296	613
2018 / 2017	760	613
Prior Years	600	235
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	5,696	3,083
Leasing | Loss
Financing Receivable, Recorded Investment
2022 / 2021		0
2021 / 2020		0
2020 / 2019		0
2019 / 2018		1
2018 / 2017		16
Prior Years		2
Revolving Loans Amortized Cost Basis		0
Revolving Loans Converted to Term Loans Amortized Cost Basis		0
Total		19
Leasing | Pass
Financing Receivable, Recorded Investment
2022 / 2021	534,225	613,452
2021 / 2020	457,662	328,085
2020 / 2019	259,076	222,770
2019 / 2018	163,179	133,112
2018 / 2017	91,252	62,881
Prior Years	27,414	17,917
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,532,808	1,378,217
Consumer | Credit card
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	988,550	919,861
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	988,550	919,861
Consumer | Credit card | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	10,359	8,577
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	10,359	8,577
Consumer | Credit card | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	0
Prior Years	0
Revolving Loans Amortized Cost Basis	1
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	1
Consumer | Credit card | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	978,190	911,284
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	978,190	911,284
Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	11,417	14,636
Revolving Loans Amortized Cost Basis	44,183	41,838
Revolving Loans Converted to Term Loans Amortized Cost Basis	17,196	22,388
Total	72,796	78,862
Consumer | Home equity lines of credit | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	2,285	3,006
Revolving Loans Amortized Cost Basis	0	23
Revolving Loans Converted to Term Loans Amortized Cost Basis	804	935
Total	3,089	3,964
Consumer | Home equity lines of credit | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	158	207
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	723	1,258
Total	881	1,465
Consumer | Home equity lines of credit | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	8,974	11,423
Revolving Loans Amortized Cost Basis	44,183	41,815
Revolving Loans Converted to Term Loans Amortized Cost Basis	15,669	20,195
Total	68,826	73,433
Consumer | Personal loans
Financing Receivable, Recorded Investment
2022 / 2021	815,105	615,670
2021 / 2020	425,963	217,756
2020 / 2019	129,769	273,036
2019 / 2018	157,660	99,698
2018 / 2017	59,439	57,385
Prior Years	137,281	141,555
Revolving Loans Amortized Cost Basis	0	126
Revolving Loans Converted to Term Loans Amortized Cost Basis	30,804	37,779
Total	1,756,021	1,443,005
Consumer | Personal loans | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	732	498
2021 / 2020	2,199	691
2020 / 2019	718	2,355
2019 / 2018	2,524	939
2018 / 2017	673	953
Prior Years	11,667	15,843
Revolving Loans Amortized Cost Basis	0	2
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,320	1,385
Total	19,833	22,666
Consumer | Personal loans | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	30
2021 / 2020	111	2
2020 / 2019	14	7
2019 / 2018	25	0
2018 / 2017	0	0
Prior Years	39	22
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	1	0
Total	190	61
Consumer | Personal loans | Pass
Financing Receivable, Recorded Investment
2022 / 2021	814,373	615,142
2021 / 2020	423,653	217,063
2020 / 2019	129,037	270,674
2019 / 2018	155,111	98,759
2018 / 2017	58,766	56,432
Prior Years	125,575	125,690
Revolving Loans Amortized Cost Basis	0	124
Revolving Loans Converted to Term Loans Amortized Cost Basis	29,483	36,394
Total	1,735,998	1,420,278
Consumer | Auto Loan
Financing Receivable, Recorded Investment
2022 / 2021	940,096	1,262,922
2021 / 2020	1,039,382	815,870
2020 / 2019	650,937	646,798
2019 / 2018	484,243	425,032
2018 / 2017	293,251	179,314
Prior Years	120,995	82,251
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,528,904	3,412,187
Consumer | Auto Loan | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	2,908	3,080
2021 / 2020	9,394	7,520
2020 / 2019	9,861	9,498
2019 / 2018	9,568	4,739
2018 / 2017	5,039	2,210
Prior Years	2,669	1,422
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	39,439	28,469
Consumer | Auto Loan | Loss
Financing Receivable, Recorded Investment
2022 / 2021	15	42
2021 / 2020	30	11
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	27	0
Prior Years	39	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	111	53
Consumer | Auto Loan | Pass
Financing Receivable, Recorded Investment
2022 / 2021	937,173	1,259,800
2021 / 2020	1,029,958	808,339
2020 / 2019	641,076	637,300
2019 / 2018	474,675	420,293
2018 / 2017	288,185	177,104
Prior Years	118,287	80,829
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,489,354	3,383,665
Consumer | Other
Financing Receivable, Recorded Investment
2022 / 2021	26,497	24,845
2021 / 2020	19,555	9,895
2020 / 2019	7,233	9,369
2019 / 2018	7,085	6,676
2018 / 2017	5,537	3,914
Prior Years	3,263	1,116
Revolving Loans Amortized Cost Basis	74,381	73,391
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	143,551	129,206
Consumer | Other | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	114
2020 / 2019	104	21
2019 / 2018	0	487
2018 / 2017	559	0
Prior Years	4	135
Revolving Loans Amortized Cost Basis	11,057	11,250
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	11,724	12,007
Consumer | Other | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	579
2018 / 2017	263	0
Prior Years	0	34
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	263	613
Consumer | Other | Pass
Financing Receivable, Recorded Investment
2022 / 2021	26,497	24,845
2021 / 2020	19,555	9,781
2020 / 2019	7,129	9,348
2019 / 2018	7,085	5,610
2018 / 2017	4,715	3,914
Prior Years	3,259	947
Revolving Loans Amortized Cost Basis	63,324	62,141
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	131,564	116,586
Puerto Rico
Financing Receivable, Recorded Investment
2022 / 2021	4,306,371	4,913,112
2021 / 2020	4,077,488	2,647,120
2020 / 2019	2,232,382	1,898,600
2019 / 2018	1,458,147	1,473,547
2018 / 2017	1,066,745	749,926
Prior Years	6,754,113	7,191,955
Revolving Loans Amortized Cost Basis	2,362,231	1,953,343
Revolving Loans Converted to Term Loans Amortized Cost Basis	30,804	37,779
Total	22,288,281	20,865,382
Puerto Rico | Construction
Financing Receivable, Recorded Investment
2022 / 2021	45,375	21,596
2021 / 2020	44,942	41,622
2020 / 2019	79,193	1,633
2019 / 2018	2,223	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	39,834	22,260
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	211,567	87,111
Puerto Rico | Construction | Watch
Financing Receivable, Recorded Investment
2022 / 2021	35,748
2021 / 2020	3,047
2020 / 2019	10,627
2019 / 2018	0
2018 / 2017	0
Prior Years	0
Revolving Loans Amortized Cost Basis	13,252
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	62,674
Puerto Rico | Construction | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	858
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	0
Prior Years	0
Revolving Loans Amortized Cost Basis	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	858
Puerto Rico | Construction | Substandard
Financing Receivable, Recorded Investment
2022 / 2021		0
2021 / 2020		0
2020 / 2019		485
2019 / 2018		0
2018 / 2017		0
Prior Years		0
Revolving Loans Amortized Cost Basis		0
Revolving Loans Converted to Term Loans Amortized Cost Basis		0
Total		485
Puerto Rico | Construction | Pass
Financing Receivable, Recorded Investment
2022 / 2021	8,769	21,596
2021 / 2020	41,895	41,622
2020 / 2019	68,566	1,148
2019 / 2018	2,223	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	26,582	22,260
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	148,035	86,626
Puerto Rico | Mortgages
Financing Receivable, Recorded Investment
2022 / 2021	286,023	463,742
2021 / 2020	459,232	305,734
2020 / 2019	290,916	228,676
2019 / 2018	212,259	270,852
2018 / 2017	245,840	199,292
Prior Years	4,561,573	4,783,570
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	6,055,843	6,251,866
Puerto Rico | Mortgages | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	954
2020 / 2019	1,070	5,212
2019 / 2018	4,409	5,613
2018 / 2017	4,940	4,310
Prior Years	96,176	122,690
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	106,595	138,779
Puerto Rico | Mortgages | Pass
Financing Receivable, Recorded Investment
2022 / 2021	286,023	463,742
2021 / 2020	459,232	304,780
2020 / 2019	289,846	223,464
2019 / 2018	207,850	265,239
2018 / 2017	240,900	194,982
Prior Years	4,465,397	4,660,880
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	5,949,248	6,113,087
Puerto Rico | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment
2022 / 2021	131,886	24,936
2021 / 2020	23,229	21,288
2020 / 2019	20,902	35,822
2019 / 2018	34,901	25,311
2018 / 2017	24,811	2,066
Prior Years	41,489	45,235
Revolving Loans Amortized Cost Basis	100	111
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	277,318	154,769
Puerto Rico | Commercial | Commercial multi-family | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	2,473	4,485
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,473	4,485
Puerto Rico | Commercial | Commercial multi-family | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	2,140	3,025
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,140	3,025
Puerto Rico | Commercial | Commercial multi-family | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	982
2019 / 2018	980	0
2018 / 2017	0	0
Prior Years	6,079	6,257
Revolving Loans Amortized Cost Basis	100	100
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	7,159	7,339
Puerto Rico | Commercial | Commercial multi-family | Pass
Financing Receivable, Recorded Investment
2022 / 2021	131,886	24,936
2021 / 2020	23,229	21,288
2020 / 2019	20,902	34,840
2019 / 2018	33,921	25,311
2018 / 2017	24,811	2,066
Prior Years	30,797	31,468
Revolving Loans Amortized Cost Basis	0	11
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	265,546	139,920
Puerto Rico | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	896,805	662,216
2021 / 2020	641,783	357,867
2020 / 2019	334,644	145,267
2019 / 2018	136,693	200,499
2018 / 2017	69,487	52,306
Prior Years	752,009	858,819
Revolving Loans Amortized Cost Basis	14,619	12,949
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,846,040	2,289,923
Puerto Rico | Commercial | CRE non-owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	176	100,465
2021 / 2020	25,806	228,852
2020 / 2019	14,086	25,443
2019 / 2018	15,011	137,044
2018 / 2017	7,966	2,406
Prior Years	84,684	205,304
Revolving Loans Amortized Cost Basis	0	3,237
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	147,729	702,751
Puerto Rico | Commercial | CRE non-owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	18,509
2021 / 2020	29,504	12,563
2020 / 2019	20,439	7,271
2019 / 2018	8,115	0
2018 / 2017	0	4,608
Prior Years	19,518	24,056
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	77,576	67,007
Puerto Rico | Commercial | CRE non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	12,368	30,155
2021 / 2020	203	27,790
2020 / 2019	0	24,200
2019 / 2018	18,891	25,456
2018 / 2017	25,754	2,770
Prior Years	64,026	72,407
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	121,242	182,778
Puerto Rico | Commercial | CRE non-owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	884,261	513,087
2021 / 2020	586,270	88,662
2020 / 2019	300,119	88,353
2019 / 2018	94,676	37,999
2018 / 2017	35,767	42,522
Prior Years	583,781	557,052
Revolving Loans Amortized Cost Basis	14,619	9,712
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,499,493	1,337,387
Puerto Rico | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	165,994	259,459
2021 / 2020	279,307	208,939
2020 / 2019	300,200	63,159
2019 / 2018	60,303	67,026
2018 / 2017	102,541	40,018
Prior Years	662,862	768,739
Revolving Loans Amortized Cost Basis	16,930	16,389
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,588,137	1,423,729
Puerto Rico | Commercial | CRE owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	2,400	8,393
2021 / 2020	7,314	8,612
2020 / 2019	6,754	8,972
2019 / 2018	5,448	6,958
2018 / 2017	798	3,039
Prior Years	94,104	121,716
Revolving Loans Amortized Cost Basis	199	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	117,017	157,690
Puerto Rico | Commercial | CRE owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	11	5,573
2021 / 2020	289	857
2020 / 2019	1,273	7,598
2019 / 2018	6,624	1,427
2018 / 2017	1,341	2,449
Prior Years	72,357	103,472
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	81,895	121,376
Puerto Rico | Commercial | CRE owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	15,720	6,960
2021 / 2020	4,690	1,028
2020 / 2019	1,293	1,646
2019 / 2018	1,136	35,529
2018 / 2017	42,248	1,869
Prior Years	89,144	113,288
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	154,231	160,320
Puerto Rico | Commercial | CRE owner occupied | Doubtful
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	76
Prior Years	239	612
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	239	688
Puerto Rico | Commercial | CRE owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	147,863	238,533
2021 / 2020	267,014	198,442
2020 / 2019	290,880	44,943
2019 / 2018	47,095	23,112
2018 / 2017	58,154	32,585
Prior Years	407,018	429,651
Revolving Loans Amortized Cost Basis	16,731	16,389
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,234,755	983,655
Puerto Rico | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment
2022 / 2021	613,907	1,039,760
2021 / 2020	739,099	358,938
2020 / 2019	167,989	314,790
2019 / 2018	216,132	252,218
2018 / 2017	176,857	154,940
Prior Years	450,110	498,323
Revolving Loans Amortized Cost Basis	1,229,994	909,479
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,594,088	3,528,448
Puerto Rico | Commercial | Commercial and Industrial | Watch
Financing Receivable, Recorded Investment
2022 / 2021	23,095	186,529
2021 / 2020	62,764	12,542
2020 / 2019	21,348	21,536
2019 / 2018	21,929	103,835
2018 / 2017	25,020	14,577
Prior Years	54,058	90,776
Revolving Loans Amortized Cost Basis	65,716	108,183
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	273,930	537,978
Puerto Rico | Commercial | Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	5,575	7,380
2021 / 2020	2,524	9,936
2020 / 2019	984	14,856
2019 / 2018	1,199	28,473
2018 / 2017	24,599	1,012
Prior Years	47,934	28,448
Revolving Loans Amortized Cost Basis	10,422	60,397
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	93,237	150,502
Puerto Rico | Commercial | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	20,362	2,190
2021 / 2020	352	1,091
2020 / 2019	1,714	3,041
2019 / 2018	3,346	35,826
2018 / 2017	13,613	66,771
Prior Years	41,563	45,168
Revolving Loans Amortized Cost Basis	45,856	38,003
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	126,806	192,090
Puerto Rico | Commercial | Commercial and Industrial | Doubtful
Financing Receivable, Recorded Investment
2022 / 2021		0
2021 / 2020		0
2020 / 2019		0
2019 / 2018		0
2018 / 2017		0
Prior Years		62
Revolving Loans Amortized Cost Basis		0
Revolving Loans Converted to Term Loans Amortized Cost Basis		0
Total		62
Puerto Rico | Commercial | Commercial and Industrial | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	0
Prior Years	0
Revolving Loans Amortized Cost Basis	4
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	4
Puerto Rico | Commercial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment
2022 / 2021	564,875	843,661
2021 / 2020	673,459	335,369
2020 / 2019	143,943	275,357
2019 / 2018	189,658	84,084
2018 / 2017	113,625	72,580
Prior Years	306,555	333,869
Revolving Loans Amortized Cost Basis	1,107,996	702,896
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,100,111	2,647,816
Puerto Rico | Leasing
Financing Receivable, Recorded Investment
2022 / 2021	534,781	613,576
2021 / 2020	459,056	328,703
2020 / 2019	260,166	223,650
2019 / 2018	164,475	133,726
2018 / 2017	92,012	63,510
Prior Years	28,014	18,154
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,538,504	1,381,319
Puerto Rico | Leasing | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	556	124
2021 / 2020	1,394	618
2020 / 2019	1,090	880
2019 / 2018	1,296	613
2018 / 2017	760	613
Prior Years	600	235
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	5,696	3,083
Puerto Rico | Leasing | Loss
Financing Receivable, Recorded Investment
2022 / 2021		0
2021 / 2020		0
2020 / 2019		0
2019 / 2018		1
2018 / 2017		16
Prior Years		2
Revolving Loans Amortized Cost Basis		0
Revolving Loans Converted to Term Loans Amortized Cost Basis		0
Total		19
Puerto Rico | Leasing | Pass
Financing Receivable, Recorded Investment
2022 / 2021	534,225	613,452
2021 / 2020	457,662	328,085
2020 / 2019	259,076	222,770
2019 / 2018	163,179	133,112
2018 / 2017	91,252	62,881
Prior Years	27,414	17,917
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,532,808	1,378,217
Puerto Rico | Consumer | Credit card
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	988,516	919,851
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	988,516	919,851
Puerto Rico | Consumer | Credit card | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	10,359	8,577
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	10,359	8,577
Puerto Rico | Consumer | Credit card | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	0
Prior Years	0
Revolving Loans Amortized Cost Basis	1
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	1
Puerto Rico | Consumer | Credit card | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	978,156	911,274
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	978,156	911,274
Puerto Rico | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	2,957	3,571
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,957	3,571
Puerto Rico | Consumer | Home equity lines of credit | Substandard
Financing Receivable, Recorded Investment
2022 / 2021		0
2021 / 2020		0
2020 / 2019		0
2019 / 2018		0
2018 / 2017		0
Prior Years		0
Revolving Loans Amortized Cost Basis		23
Revolving Loans Converted to Term Loans Amortized Cost Basis		0
Total		23
Puerto Rico | Consumer | Home equity lines of credit | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	2,957	3,548
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,957	3,548
Puerto Rico | Consumer | Personal loans
Financing Receivable, Recorded Investment
2022 / 2021	665,007	540,060
2021 / 2020	371,903	198,264
2020 / 2019	120,202	229,436
2019 / 2018	139,833	92,207
2018 / 2017	56,409	54,566
Prior Years	133,798	135,748
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	30,804	37,779
Total	1,517,956	1,288,060
Puerto Rico | Consumer | Personal loans | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	490	426
2021 / 2020	1,898	610
2020 / 2019	626	2,105
2019 / 2018	2,234	866
2018 / 2017	652	936
Prior Years	11,378	15,680
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,320	1,385
Total	18,598	22,008
Puerto Rico | Consumer | Personal loans | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	30
2021 / 2020	111	2
2020 / 2019	14	3
2019 / 2018	15	0
2018 / 2017	0	0
Prior Years	24	3
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	1	0
Total	165	38
Puerto Rico | Consumer | Personal loans | Pass
Financing Receivable, Recorded Investment
2022 / 2021	664,517	539,604
2021 / 2020	369,894	197,652
2020 / 2019	119,562	227,328
2019 / 2018	137,584	91,341
2018 / 2017	55,757	53,630
Prior Years	122,396	120,065
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	29,483	36,394
Total	1,499,193	1,266,014
Puerto Rico | Consumer | Auto Loan
Financing Receivable, Recorded Investment
2022 / 2021	940,096	1,262,922
2021 / 2020	1,039,382	815,870
2020 / 2019	650,937	646,798
2019 / 2018	484,243	425,032
2018 / 2017	293,251	179,314
Prior Years	120,995	82,251
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,528,904	3,412,187
Puerto Rico | Consumer | Auto Loan | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	2,908	3,080
2021 / 2020	9,394	7,520
2020 / 2019	9,861	9,498
2019 / 2018	9,568	4,739
2018 / 2017	5,039	2,210
Prior Years	2,669	1,422
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	39,439	28,469
Puerto Rico | Consumer | Auto Loan | Loss
Financing Receivable, Recorded Investment
2022 / 2021	15	42
2021 / 2020	30	11
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	27	0
Prior Years	39	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	111	53
Puerto Rico | Consumer | Auto Loan | Pass
Financing Receivable, Recorded Investment
2022 / 2021	937,173	1,259,800
2021 / 2020	1,029,958	808,339
2020 / 2019	641,076	637,300
2019 / 2018	474,675	420,293
2018 / 2017	288,185	177,104
Prior Years	118,287	80,829
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,489,354	3,383,665
Puerto Rico | Consumer | Other
Financing Receivable, Recorded Investment
2022 / 2021	26,497	24,845
2021 / 2020	19,555	9,895
2020 / 2019	7,233	9,369
2019 / 2018	7,085	6,676
2018 / 2017	5,537	3,914
Prior Years	3,263	1,116
Revolving Loans Amortized Cost Basis	69,281	68,733
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	138,451	124,548
Puerto Rico | Consumer | Other | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	114
2020 / 2019	104	21
2019 / 2018	0	487
2018 / 2017	559	0
Prior Years	4	135
Revolving Loans Amortized Cost Basis	11,045	11,250
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	11,712	12,007
Puerto Rico | Consumer | Other | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	579
2018 / 2017	263	0
Prior Years	0	34
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	263	613
Puerto Rico | Consumer | Other | Pass
Financing Receivable, Recorded Investment
2022 / 2021	26,497	24,845
2021 / 2020	19,555	9,781
2020 / 2019	7,129	9,348
2019 / 2018	7,085	5,610
2018 / 2017	4,715	3,914
Prior Years	3,259	947
Revolving Loans Amortized Cost Basis	58,236	57,483
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	126,476	111,928
Popular U.S.
Financing Receivable, Recorded Investment
2022 / 2021	1,613,830	1,933,575
2021 / 2020	1,901,006	1,504,793
2020 / 2019	1,397,153	1,258,160
2019 / 2018	1,092,732	862,283
2018 / 2017	749,298	629,989
Prior Years	2,036,770	1,802,434
Revolving Loans Amortized Cost Basis	426,922	361,553
Revolving Loans Converted to Term Loans Amortized Cost Basis	17,196	22,388
Total	9,234,907	8,375,175
Popular U.S. | Construction
Financing Receivable, Recorded Investment
2022 / 2021	67,657	130,587
2021 / 2020	173,762	150,345
2020 / 2019	137,426	188,652
2019 / 2018	131,497	57,829
2018 / 2017	34,578	80,936
Prior Years	59,803	20,760
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	604,723	629,109
Popular U.S. | Construction | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	4,176	14,300
2020 / 2019	0	23,547
2019 / 2018	6,979	28,757
2018 / 2017	18,310	34,205
Prior Years	34,126	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	63,591	100,809
Popular U.S. | Construction | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	13,655	13,622
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	13,655	13,622
Popular U.S. | Construction | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	1,127	0
2019 / 2018	0	15,438
2018 / 2017	5,352	10,231
Prior Years	2,095	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	8,574	25,669
Popular U.S. | Construction | Pass
Financing Receivable, Recorded Investment
2022 / 2021	67,657	130,587
2021 / 2020	169,586	136,045
2020 / 2019	136,299	165,105
2019 / 2018	124,518	13,634
2018 / 2017	10,916	36,500
Prior Years	9,927	7,138
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	518,903	489,009
Popular U.S. | Mortgages
Financing Receivable, Recorded Investment
2022 / 2021	186,000	326,641
2021 / 2020	308,705	270,550
2020 / 2019	249,430	218,965
2019 / 2018	193,434	62,953
2018 / 2017	59,768	6,593
Prior Years	258,533	289,628
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,255,870	1,175,330
Popular U.S. | Mortgages | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	1,595	4,338
2020 / 2019	4,338	3,894
2019 / 2018	4,285	967
2018 / 2017	1,051	217
Prior Years	10,264	12,680
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	21,533	22,096
Popular U.S. | Mortgages | Pass
Financing Receivable, Recorded Investment
2022 / 2021	186,000	326,641
2021 / 2020	307,110	266,212
2020 / 2019	245,092	215,071
2019 / 2018	189,149	61,986
2018 / 2017	58,717	6,376
Prior Years	248,269	276,948
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,234,337	1,153,234
Popular U.S. | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment
2022 / 2021	347,436	431,213
2021 / 2020	410,613	286,905
2020 / 2019	249,515	333,689
2019 / 2018	309,274	208,208
2018 / 2017	175,382	95,223
Prior Years	432,797	448,418
Revolving Loans Amortized Cost Basis	1,774	4,205
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,926,791	1,807,861
Popular U.S. | Commercial | Commercial multi-family | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	8,600
2021 / 2020	8,482	41,348
2020 / 2019	42,367	56,229
2019 / 2018	47,254	20,682
2018 / 2017	12,680	37,343
Prior Years	53,890	48,753
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	164,673	212,955
Popular U.S. | Commercial | Commercial multi-family | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	3,752
2020 / 2019	1,204	9,013
2019 / 2018	938	30,244
2018 / 2017	16,535	11,071
Prior Years	9,971	28,297
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	28,648	82,377
Popular U.S. | Commercial | Commercial multi-family | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	67,149
2019 / 2018	66,765	12,748
2018 / 2017	7,410	0
Prior Years	5,507	18,644
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	79,682	98,541
Popular U.S. | Commercial | Commercial multi-family | Pass
Financing Receivable, Recorded Investment
2022 / 2021	347,436	422,613
2021 / 2020	402,131	241,805
2020 / 2019	205,944	201,298
2019 / 2018	194,317	144,534
2018 / 2017	138,757	46,809
Prior Years	363,429	352,724
Revolving Loans Amortized Cost Basis	1,774	4,205
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,653,788	1,413,988
Popular U.S. | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	457,826	559,322
2021 / 2020	214,279	378,936
2020 / 2019	228,503	208,602
2019 / 2018	128,489	289,577
2018 / 2017	129,587	301,077
Prior Years	504,040	576,787
Revolving Loans Amortized Cost Basis	8,711	9,166
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,671,435	2,323,467
Popular U.S. | Commercial | CRE non-owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	12,716
2021 / 2020	12,680	22,109
2020 / 2019	17,421	42,067
2019 / 2018	3,370	56,576
2018 / 2017	29,290	28,604
Prior Years	27,796	154,289
Revolving Loans Amortized Cost Basis	0	780
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	90,557	317,141
Popular U.S. | Commercial | CRE non-owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	2,939
2021 / 2020	0	0
2020 / 2019	0	3,205
2019 / 2018	1,360	7,025
2018 / 2017	0	10,573
Prior Years	81,021	15,569
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	82,381	39,311
Popular U.S. | Commercial | CRE non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	2,883	756
2020 / 2019	0	6,405
2019 / 2018	12,413	14,544
2018 / 2017	795	11,384
Prior Years	6,783	60,323
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	22,874	93,412
Popular U.S. | Commercial | CRE non-owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	457,826	543,667
2021 / 2020	198,716	356,071
2020 / 2019	211,082	156,925
2019 / 2018	111,346	211,432
2018 / 2017	99,502	250,516
Prior Years	388,440	346,606
Revolving Loans Amortized Cost Basis	8,711	8,386
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,475,623	1,873,603
Popular U.S. | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	265,762	129,898
2021 / 2020	423,736	46,976
2020 / 2019	145,970	43,328
2019 / 2018	102,791	34,873
2018 / 2017	161,004	27,912
Prior Years	369,172	103,236
Revolving Loans Amortized Cost Basis	9,976	8,150
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,478,411	394,373
Popular U.S. | Commercial | CRE owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	239
2020 / 2019	5,113	7,825
2019 / 2018	1,079	8,150
2018 / 2017	6,647	1,676
Prior Years	45,376	17,132
Revolving Loans Amortized Cost Basis	4,222	4,222
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	62,437	39,244
Popular U.S. | Commercial | CRE owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	5,109	0
Prior Years	2,503	1,800
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	7,612	1,800
Popular U.S. | Commercial | CRE owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	1,148
2019 / 2018	7,441	2,878
2018 / 2017	6,107	0
Prior Years	41,727	20,841
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	55,275	24,867
Popular U.S. | Commercial | CRE owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	265,762	129,898
2021 / 2020	423,736	46,737
2020 / 2019	140,857	34,355
2019 / 2018	94,271	23,845
2018 / 2017	143,141	26,236
Prior Years	279,566	63,463
Revolving Loans Amortized Cost Basis	5,754	3,928
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,353,087	328,462
Popular U.S. | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment
2022 / 2021	139,051	280,304
2021 / 2020	315,851	351,589
2020 / 2019	376,742	221,324
2019 / 2018	209,420	201,352
2018 / 2017	185,949	115,429
Prior Years	397,525	343,162
Revolving Loans Amortized Cost Basis	360,101	296,971
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,984,639	1,810,131
Popular U.S. | Commercial | Commercial and Industrial | Watch
Financing Receivable, Recorded Investment
2022 / 2021	4,058	3,747
2021 / 2020	2,914	4,667
2020 / 2019	2,401	4,292
2019 / 2018	2,263	9,273
2018 / 2017	8,612	5
Prior Years	630	1,530
Revolving Loans Amortized Cost Basis	15,447	3,925
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	36,325	27,439
Popular U.S. | Commercial | Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	729	2,504
2021 / 2020	1,080	7,203
2020 / 2019	6,318	670
2019 / 2018	288	481
2018 / 2017	99	59
Prior Years	0	215
Revolving Loans Amortized Cost Basis	4	8,177
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	8,518	19,309
Popular U.S. | Commercial | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	455	537
2021 / 2020	1,195	97
2020 / 2019	253	4,559
2019 / 2018	4,532	495
2018 / 2017	606	168
Prior Years	1,837	1,890
Revolving Loans Amortized Cost Basis	1,865	159
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	10,743	7,905
Popular U.S. | Commercial | Commercial and Industrial | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	262
2021 / 2020	216	58
2020 / 2019	992	108
2019 / 2018	12	17
2018 / 2017	20	51
Prior Years	9	191
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,249	687
Popular U.S. | Commercial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment
2022 / 2021	133,809	273,254
2021 / 2020	310,446	339,564
2020 / 2019	366,778	211,695
2019 / 2018	202,325	191,086
2018 / 2017	176,612	115,146
Prior Years	395,049	339,336
Revolving Loans Amortized Cost Basis	342,785	284,710
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,927,804	1,754,791
Popular U.S. | Consumer | Credit card
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	34	10
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	34	10
Popular U.S. | Consumer | Credit card | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	34	10
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	34	10
Popular U.S. | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	11,417	14,636
Revolving Loans Amortized Cost Basis	41,226	38,267
Revolving Loans Converted to Term Loans Amortized Cost Basis	17,196	22,388
Total	69,839	75,291
Popular U.S. | Consumer | Home equity lines of credit | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	2,285	3,006
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	804	935
Total	3,089	3,941
Popular U.S. | Consumer | Home equity lines of credit | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	158	207
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	723	1,258
Total	881	1,465
Popular U.S. | Consumer | Home equity lines of credit | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	8,974	11,423
Revolving Loans Amortized Cost Basis	41,226	38,267
Revolving Loans Converted to Term Loans Amortized Cost Basis	15,669	20,195
Total	65,869	69,885
Popular U.S. | Consumer | Personal loans
Financing Receivable, Recorded Investment
2022 / 2021	150,098	75,610
2021 / 2020	54,060	19,492
2020 / 2019	9,567	43,600
2019 / 2018	17,827	7,491
2018 / 2017	3,030	2,819
Prior Years	3,483	5,807
Revolving Loans Amortized Cost Basis	0	126
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	238,065	154,945
Popular U.S. | Consumer | Personal loans | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	242	72
2021 / 2020	301	81
2020 / 2019	92	250
2019 / 2018	290	73
2018 / 2017	21	17
Prior Years	289	163
Revolving Loans Amortized Cost Basis	0	2
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,235	658
Popular U.S. | Consumer | Personal loans | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	4
2019 / 2018	10	0
2018 / 2017	0	0
Prior Years	15	19
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	25	23
Popular U.S. | Consumer | Personal loans | Pass
Financing Receivable, Recorded Investment
2022 / 2021	149,856	75,538
2021 / 2020	53,759	19,411
2020 / 2019	9,475	43,346
2019 / 2018	17,527	7,418
2018 / 2017	3,009	2,802
Prior Years	3,179	5,625
Revolving Loans Amortized Cost Basis	0	124
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	236,805	154,264
Popular U.S. | Consumer | Other
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	5,100	4,658
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	5,100	4,658
Popular U.S. | Consumer | Other | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	0
Prior Years	0
Revolving Loans Amortized Cost Basis	12
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	12
Popular U.S. | Consumer | Other | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	5,088	4,658
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	$ 5,088	$ 4,658

Allowance for credit losses -_6

Allowance for credit losses - Allowance for loan losses - Additional Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Financing Receivable
Troubled debt restructurings	$ 1,640,640,000		$ 1,640,640,000		$ 1,656,822,000
Allowance for loan and leases losses reduction	$ (11,000,000)
Reversion window	3 years	1 year
Note A / B Split
Financing Receivable
Troubled debt restructurings	$ 2,700,000	$ 10,200,000	2,700,000	$ 10,200,000
Aggregated unpaid principal balance	2,700,000	$ 10,200,000	2,700,000	10,200,000
Loans restructuring charge offs			$ 0	$ 0
Number of loans			3	5
Commercial
Financing Receivable
Troubled debt restructurings	324,552,000		$ 324,552,000		326,088,000
Outstanding commitments to lend additional funds to debtors owing receivables whose terms have been modified in troubled debt restructurings	$ 9,000,000		$ 9,000,000		$ 9,000,000

Mortgage banking activities (De

Mortgage banking activities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Mortgage servicing rights fair value adjustments			$ 2,776	$ (11,706)
Net loss on sale of loans, including valuation adjustments on loans held-for-sale	$ 0	$ 0	0	(73)
Total trading account (loss) profit	(274)	58	(946)	(34)
Total mortgage banking activities	9,448	8,307	35,888	33,098
Mortgage banking activities
Mortgage servicing fees	9,126	9,376	27,635	28,613
Mortgage servicing rights fair value adjustments	(499)	(5,979)	2,846	(11,706)
Total mortgage servicing fees, net of fair value adjustments	8,627	3,397	30,481	16,907
Net loss on sale of loans, including valuation adjustments on loans held-for-sale	1,124	6,084	(374)	16,256
Realized gains (losses) on closed derivative positions	(240)	(1,004)	6,325	632
Total trading account (loss) profit	(240)	(1,004)	6,325	632
Losses on repurchased loans, including interest advances	(63)	(170)	(544)	(697)
Total mortgage banking activities	$ 9,448	$ 8,307	$ 35,888	$ 33,098

Transfers of financial assets_3

Transfers of financial assets and servicing assets - Initial fair value of assets obtained as proceeds from residential mortgage loans securitized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	$ 36,684	$ 167,879	$ 300,051	$ 554,621
Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	35,875	165,282	294,872	546,335
Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	809	2,597	5,179	8,286
Trading account debt securities
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	35,875	165,282	294,872	546,335
Trading account debt securities | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	35,875	165,282	294,872	546,335
Trading account debt securities | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | GNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	14,190	84,896	169,352	293,613
Trading account debt securities | GNMA | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | GNMA | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	14,190	84,896	169,352	293,613
Trading account debt securities | GNMA | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | FNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	21,685	76,118	117,015	234,953
Trading account debt securities | FNMA | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | FNMA | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	21,685	76,118	117,015	234,953
Trading account debt securities | FNMA | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | FHLMC
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized		4,268	8,505	17,769
Trading account debt securities | FHLMC | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized		0	0	0
Trading account debt securities | FHLMC | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized		4,268	8,505	17,769
Trading account debt securities | FHLMC | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized		0	0	0
Mortgage Servicing Rights
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	809	2,597	5,179	8,286
Mortgage Servicing Rights | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Mortgage Servicing Rights | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Mortgage Servicing Rights | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	$ 809	$ 2,597	$ 5,179	$ 8,286

Transfers of financial assets_4

Transfers of financial assets and servicing assets - Changes in MSRs measured using the fair value method (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Transfers and Servicing of Financial Assets
Fair value at beginning of period	$ 121,570	$ 118,395
Additions	6,195	9,888
Changes due to payments of loans	(8,178)	(11,873)
Reduction due to loan repurchases	(646)	(1,047)
Changes in fair value due to changes in valuation model inputs or assumptions	11,556	1,214
Other disposals	44	(10)
Fair value at end of period	$ 130,541	$ 116,567

Transfers of financial assets_5

Transfers of financial assets and servicing assets - Changes in MSRs measured using the fair value method - Parenthetical (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Servicing Assets at Fair Value
Servicing asset at fair value amount	$ 130,541	$ 121,570	$ 116,567	$ 118,395
PB
Servicing Assets at Fair Value
Servicing asset at fair value amount	$ 2,000		$ 1,400

Transfers of financial assets_6

Transfers of financial assets and servicing assets - Key economic assumptions used (Details) - Residential Mortgage	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
BPPR
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement
Prepayment speed	5.50%	5.80%	5.20%	6.90%
Weighted average life	9 years 6 months	8 years 9 months 18 days	9 years 8 months 12 days	8 years 3 months 18 days
Discount rate (annual rate)	10.70%	10.50%	10.50%	10.50%
PB
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement
Prepayment speed	7.20%	13.70%	8.40%	20.50%
Weighted average life	8 years 2 months 12 days	5 years 10 months 24 days	7 years 8 months 12 days	15 years 4 months 24 days
Discount rate (annual rate)	10%	10%	9.80%	10.90%

Transfers of financial assets_7

Transfers of financial assets and servicing assets - Fair value of purchased and originated MSRs, valuation assumptions and sensitivity (Details) - Residential Mortgage - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Originated MSRs
Transfers of financial assets
Fair value of servicing rights	$ 42,739	$ 40,058
Weighted average life (in years)	6 years 9 months 18 days	7 years 1 month 6 days
Weighted average prepayment speed (annual rate)	6.20%	7.70%
Impact on fair value of 10% adverse change	$ (763)	$ (1,500)
Impact on fair value of 20% adverse change	$ (1,496)	$ (2,359)
Weighted average discount rate (annual rate)	11.20%	11.20%
Impact on fair value of 10% adverse change	$ (1,504)	$ (2,079)
Impact on fair value of 20% adverse change	(2,913)	(3,452)
Purchased MSRs
Transfers of financial assets
Fair value of servicing rights	$ 87,802	$ 81,512
Weighted average life (in years)	6 years 9 months 18 days	7 years 6 months
Weighted average prepayment speed (annual rate)	7.30%	7.60%
Impact on fair value of 10% adverse change	$ (1,645)	$ (1,486)
Impact on fair value of 20% adverse change	$ (3,225)	$ (3,495)
Weighted average discount rate (annual rate)	11%	11%
Impact on fair value of 10% adverse change	$ (3,242)	$ (2,731)
Impact on fair value of 20% adverse change	$ (6,278)	$ (5,832)

Transfers of financial assets_8

Transfers of financial assets and servicing assets - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Weighted average mortgage servicing fees	0.31%	0.30%	0.31%	0.30%
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Liabilities Incurred	$ 0	$ 0	$ 0	$ 0
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transfer or Servicing Assets Or Liabilities Description Of Objectives Methodology And Limitations			The sensitivity analyses presented in the table above for servicing rights are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10 and 20 percent variation in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in the sensitivity tables included herein, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments and increased credit losses), which might magnify or counteract the sensitivities.
Mortgage loans related to buy-back option program	31,805,921,000		$ 31,805,921,000		$ 29,506,225,000
Buy Back Option Program
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Mortgage loans related to buy-back option program	9,000,000		9,000,000		13,000,000
Loans with recourse
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Loans serviced	700,000,000		700,000,000		700,000,000
GNMA
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Repurchased loans			49,000,000	80,000,000
Residential Mortgage
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale	1,000,000	5,300,000	800,000	13,700,000
Mortgage loans related to buy-back option program	1,500,000,000		1,500,000,000		1,600,000,000
Serviced mortgage loans
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Servicing rights on whole loan sales, principal balance	50,000,000	114,000,000	50,000,000	114,000,000
Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale			800,000	2,600,000
Loans serviced	11,400,000,000		11,400,000,000		$ 12,100,000,000
Serviced mortgage loans | Loans with recourse
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Repurchased loans	$ 1,000,000	$ 2,000,000	$ 6,000,000	$ 17,000,000

Other Real Estate Owned (Detail

Other Real Estate Owned (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Real Estate Owned Rollforward
Balance at beginning of the period	$ 92,137	$ 73,272	$ 85,077	$ 83,146
Write-downs in value	(460)	(767)	(1,883)	(2,750)
Additions	15,686	19,088	59,108	44,003
Sales	(14,049)	(14,322)	(48,638)	(47,026)
Other adjustments	(75)	(443)	(425)	(545)
Ending balance	93,239	76,828	93,239	76,828
Mortgages
Other Real Estate Owned Rollforward
Balance at beginning of the period	77,887	58,691	70,060	69,932
Write-downs in value	(376)	(245)	(949)	(1,764)
Additions	13,975	17,395	53,878	36,335
Sales	(12,065)	(12,588)	(43,110)	(40,967)
Other adjustments	(75)	(660)	(533)	(943)
Ending balance	79,346	62,593	79,346	62,593
Commercial / Construction
Other Real Estate Owned Rollforward
Balance at beginning of the period	14,250	14,581	15,017	13,214
Write-downs in value	(84)	(522)	(934)	(986)
Additions	1,711	1,693	5,230	7,668
Sales	(1,984)	(1,734)	(5,528)	(6,059)
Other adjustments	0	217	108	398
Ending balance	$ 13,893	$ 14,235	$ 13,893	$ 14,235

Other assets (Details)

Other assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Assets Disclosure [Abstract]
Net deferred tax assets (net of valuation allowance)	$ 907,419	$ 657,597
Investments under the equity method	203,172	298,988
Prepaid taxes	46,818	37,924
Other prepaid expenses	42,682	34,937
Capitalized software costs	82,246	44,908
Derivative assets	16,653	26,093
Trades receivables from brokers and counterparties	13,203	65,460
Principal, interest and escrow servicing advances	44,144	53,942
Guaranteed mortgage loan claims receivable	77,618	98,001
Operating ROU assets	119,471	141,748
Finance ROU assets	18,705	13,459
Others	128,247	155,514
Total other assets	$ 1,700,378	$ 1,628,571
Operating Lease Right Of Use Asset Statement Of Financial Position	Total other assets	Total other assets
Finance Lease Right Of Use Asset Statement Of Financial Position	Total other assets	Total other assets

Other Assets (Software package

Other Assets (Software package amortization) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other assets acquired
Gross Carrying Amount	$ 27,096	$ 27,096
Accumulated Amortization	14,118	11,637
Net Carrying Value	12,978	15,459
Software Intangible assets
Other assets acquired
Gross Carrying Amount	298,820	227,241
Accumulated Amortization	216,574	182,333
Net Carrying Value	82,246	44,908
Software Intangible assets | Software development costs
Other assets acquired
Gross Carrying Amount	74,845	40,033
Accumulated Amortization	24,562	18,972
Net Carrying Value	50,283	21,061
Software Intangible assets | Software license costs
Other assets acquired
Gross Carrying Amount	201,314	168,862
Accumulated Amortization	180,212	154,571
Net Carrying Value	21,102	14,291
Software Intangible assets | Cloud computing arrangements
Other assets acquired
Gross Carrying Amount	22,661	18,346
Accumulated Amortization	11,800	8,790
Net Carrying Value	$ 10,861	$ 9,556

Other Assets (Software packag_2

Other Assets (Software package amortization) - subnote (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jul. 02, 2022	Dec. 31, 2021
Other assets acquired
Developed technology - Software intangible assets	$ 700		$ 700
EVERTEC Assets | EVERTEC Inc.
Other assets acquired
Developed technology - Software intangible assets	$ 28,700	$ 28,650

Other Assets (Sotware Amortizat

Other Assets (Sotware Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other assets acquired
Amortization of intangibles	$ 795	$ 783	$ 2,481	$ 3,089
Software Intangible assets
Other assets acquired
Amortization of intangibles	15,572	12,628	42,367	36,247
Software development and license cost | Software Intangible assets
Other assets acquired
Amortization of intangibles	14,589	11,741	39,357	33,429
Cloud computing arrangements | Software Intangible assets
Other assets acquired
Amortization of intangibles	$ 983	$ 887	$ 3,010	$ 2,818

Goodwill and other intangible_3

Goodwill and other intangible assets - Change in the carrying amount of goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill [Rollforward]
Beginning Balance			$ 720,293
Goodwill on acquisition			116,135	$ 0
Goodwill impairment charge	$ (9,000)	$ 0	(9,000)	$ 0
Ending Balance	827,428		827,428
Banco Popular de Puerto Rico
Goodwill [Rollforward]
Beginning Balance			320,248
Goodwill on acquisition			116,135
Goodwill impairment charge			0
Ending Balance	436,383		436,383
Popular U.S.
Goodwill [Rollforward]
Beginning Balance			400,045
Goodwill on acquisition			0
Goodwill impairment charge			(9,000)
Ending Balance	$ 391,045		$ 391,045

Goodwill and other intangible_4

Goodwill and other intangible assets - Components of other intangible assets subject to amortization (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 27,096	$ 27,096
Accumulated Amortization	14,118	11,637
Net Carrying Value	12,978	15,459
Core deposits
Finite-Lived Intangible Assets
Gross Carrying Amount	12,810	12,810
Accumulated Amortization	9,714	8,754
Net Carrying Value	3,096	4,056
Other customer relationship
Finite-Lived Intangible Assets
Gross Carrying Amount	14,286	14,286
Accumulated Amortization	4,404	2,883
Net Carrying Value	$ 9,882	$ 11,403

Goodwill and other intangible_5

Goodwill and other intangible assets - Estimated amortization of the intangible assets with definite useful lives (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure
Remaining 2022	$ 794
Year 2023	3,179
Year 2024	2,938
Year 2025	1,750
Year 2026	1,440
Later years	$ 2,877

Goodwill and other intangible_6

Goodwill and other intangible assets - Gross amount of goodwill and accumulated impairment losses (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Goodwill
Goodwill Gross	$ 1,004,640	$ 888,505
Accumulated impairment losses	177,212	168,212
Goodwill (net amounts)	827,428	720,293
Banco Popular de Puerto Rico
Goodwill
Goodwill Gross	440,184	324,049
Accumulated impairment losses	3,801	3,801
Goodwill (net amounts)	436,383	320,248
Popular U.S.
Goodwill
Goodwill Gross	564,456	564,456
Accumulated impairment losses	173,411	164,411
Goodwill (net amounts)	$ 391,045	$ 400,045

Goodwill and other intangible_7

Goodwill and other intangible assets - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jul. 31, 2022	Dec. 31, 2021	Jul. 31, 2021
Goodwill and other intangible assets
Amortization Of Intangible Assets	$ 795,000	$ 783,000	$ 2,481,000	$ 3,089,000
Identifiable intangible assets	700,000		700,000			$ 700,000
Goodwill on acquisition			116,135,000	0
Changes in the carrying amount of goodwill	0	0		0
Goodwill impairment charge	9,000,000	$ 0	9,000,000	$ 0
Goodwill	$ 827,428,000		827,428,000			720,293,000
Popular Equipment Finance
Goodwill and other intangible assets
Goodwill impairment charge			$ 9,000,000
Discounted cash flow approach | Minimum
Goodwill and other intangible assets
Cost of equity discount rate	12.51%		12.51%
Discounted cash flow approach | Maximum
Goodwill and other intangible assets
Cost of equity discount rate	15.73%		15.73%
Banco Popular de Puerto Rico
Goodwill and other intangible assets
Step 1 Fair Value Excess Over Carrying Amount					$ 3,100,000,000		$ 1,500,000,000
Percentage excess of fair value of reporting unit over equity value					245%		50%
Goodwill on acquisition			$ 116,135,000
Goodwill impairment charge			0
Goodwill	$ 436,383,000		436,383,000			320,248,000
Banco Popular de Puerto Rico | EVERTEC Assets
Goodwill and other intangible assets
Goodwill on acquisition			116,100,000
Popular U.S.
Goodwill and other intangible assets
Step 1 Fair Value Excess Over Carrying Amount					$ 670,000,000		$ 412,000,000
Percentage excess of fair value of reporting unit over equity value					41%		24%
Goodwill on acquisition			0
Goodwill impairment charge			9,000,000
Goodwill	$ 391,045,000		$ 391,045,000			$ 400,045,000
Banco Popular de Puerto Rico and Popular Bank
Goodwill and other intangible assets
Percentage Of Goodwill					93%

Deposits - Total interest beari

Deposits - Total interest bearing deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deposits [Abstract]
Savings accounts	$ 15,818,260	$ 15,871,998
NOW, money market and other interest bearing demand deposits	24,466,437	28,736,459
Total savings, NOW, money market and other interest bearing demand deposits	40,284,697	44,608,457
Certificates of deposit:
Under $250,000	4,108,397	4,086,059
$250,000 and over	2,820,894	2,626,090
Total certificates of deposit	6,929,291	6,712,149
Total interest bearing deposits	$ 47,213,988	$ 51,320,606

Deposits - Summary of certifica

Deposits - Summary of certificates of deposit by maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deposits [Abstract]
2022	$ 2,384,127
2023	2,060,978
2024	889,589
2025	652,629
2026	449,915
2027 and thereafter	492,053
Total certificates of deposit	$ 6,929,291	$ 6,712,149

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Thousands	Oct. 02, 2022	Sep. 30, 2022	Dec. 31, 2021
Deposits [Abstract]
Brokered deposits		$ 900,000	$ 800,000
Overdrafts in demand deposit accounts reclassified to loans		16,400	6,000
Deposit
Deposits		64,819,327	$ 67,005,088
Public sector
Deposit
Deposits		$ 17,500,000
Public sector | BPPR | Subsequent event
Deposit
Deposit withdrawal	$ 1,400,000
Escrow Deposit	$ 727,000

Borrowings - Repurchase agreeme

Borrowings - Repurchase agreements accounted for as secured borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 162,450	$ 91,603
Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	162,450	91,603
US Treasury Securities | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	58,619	78,869
US Treasury Securities | Within 30 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	27,381	19,538
US Treasury Securities | After 30 to 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	13,790	30,295
US Treasury Securities | After 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	17,448	29,036
Mortgage Backed Securities | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	103,552	12,455
Mortgage Backed Securities | Within 30 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	96,572	11,733
Mortgage Backed Securities | After 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	6,980	722
CMO | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	279	279
CMO | Within 30 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 279	$ 279

Borrowings - Notes payable (Det

Borrowings - Notes payable (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument
Notes payable	$ 888,534	$ 988,563
Advances with FHLB with maturities ranging from 2022 Through 2029
Debt Instrument
FHLB advances	391,429	492,429
Unsecured senior debt | Fixed Rate with maturities on 2023 paying interest semiannually
Debt Instrument
Long Term Debt	298,793	297,842
Junior subordinated debt | Fixed Rate with maturities on 2034
Debt Instrument
Long Term Debt	$ 198,312	$ 198,292

Borrowings - Notes payable -Par

Borrowings - Notes payable -Parenthetical (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Advances with FHLB with maturities ranging from 2022 Through 2029
Debt Instrument
Notes Payable Maturity Year Range Start	2022
Notes Payable Maturity Year	2029
Debt Instrument Frequency Of Periodic Payment	monthly
Advances with FHLB with maturities ranging from 2022 Through 2029 | Minimum
Debt Instrument
Advances with the FHLB, interest rate	0.39%
Advances with FHLB with maturities ranging from 2022 Through 2029 | Maximum
Debt Instrument
Advances with the FHLB, interest rate	3.18%
Unsecured senior debt | Fixed Rate with maturities on 2023 paying interest semiannually
Debt Instrument
Fixed interest rate percentage	6.125%
Senior Debt Maturity Year	2023
Debt issuance costs	$ 1,208
Debt Instrument Frequency Of Periodic Payment	semiannually
Junior subordinated debt | Fixed Rate with maturities on 2034
Debt Instrument
Notes Payable Maturity Year	2034
Debt issuance costs	$ 322
Junior subordinated debt | Fixed Rate with maturities on 2034 | Minimum
Debt Instrument
Fixed interest rate percentage	6.125%
Junior subordinated debt | Fixed Rate with maturities on 2034 | Maximum
Debt Instrument
Fixed interest rate percentage	6.564%

Borrowings - Borrowings by cont

Borrowings - Borrowings by contractual maturities (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Debt Disclosure
2022	$ 390,170
2023	366,481
2024	91,943
2025	139,920
2026	74,500
Later years	237,970
Total borrowings	1,300,984
Assets sold under agreements to repurchase
Debt Disclosure
2022	138,022
2023	24,428
2024	0
2025	0
2026	0
Later years	0
Total borrowings	162,450
Short term borrowings
Debt Disclosure
2022	250,000
2023	0
2024	0
2025	0
2026	0
Later years	0
Total borrowings	250,000
Notes payable
Debt Disclosure
2022	2,148
2023	342,053
2024	91,943
2025	139,920
2026	74,500
Later years	237,970
Total borrowings	$ 888,534

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure
FHLB advances maximum amount available	$ 3,300,000	$ 3,000,000
Federal Home Loan Bank Advances And Letters Of Credit Amount Used	600,000	600,000
Assets sold under agreements to repurchase	162,450	91,603
Other short-term borrowings	250,000	75,000
Advances with FRB
Debt Disclosure
Line Of Credit Facility Current Borrowing Capacity	1,400,000	1,300,000
Federal Home Loan Bank
Debt Disclosure
Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases	500,000	1,200,000
Other short-term borrowings	$ 250,000	$ 75,000

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Accrued expenses	$ 344,197	$ 308,594
Accrued interest payable	28,291	33,227
Accounts payable	79,430	91,804
Dividends payable	39,973	35,937
Trades payable	5,793	13,789
Liability for GNMA loans sold with an option to repurchase	8,821	12,806
Reserves for loan indemnifications	7,947	12,639
Reserve for operational losses	37,507	43,886
Operating lease liabilities	131,422	154,114
Finance lease liabilities	24,692	19,719
Pension benefit obligation	7,931	8,778
Postretirement benefit obligation	158,242	161,988
Other liabilities	60,280	70,967
Total other liabilities	$ 934,526	$ 968,248
Operating Lease Liability Statement Of Financial Position	Other liabilities	Other liabilities
Operating Lease Liability Statement Of Financial Position	Other liabilities	Other liabilities

Stockholders' equity - Common s

Stockholders' equity - Common stock - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2022		Sep. 30, 2021		Sep. 30, 2022	Sep. 30, 2021		Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Stockholders Equity Note
Stockholders' equity	$ 3,674,838		$ 5,982,971		$ 3,674,838	$ 5,982,971		$ 4,293,349	$ 5,969,397	$ 5,814,614	$ 6,028,687
Cash dividends	$ 39,973	[1]	$ 36,306	[2]	$ 124,168	$ 106,354	[2],[3]
Dividends Declared per Common Share	$ 0.55		$ 0.45		$ 1.65	$ 1.30
Dividend payable, to be paid date					Oct. 03, 2022
Dividends payable, record date					Sep. 07, 2022
[1] During July 2022, the Corporation completed a $ 400 million accelerated share repurchase transaction with respect to its common stock. During August 2022, the Corporation entered into a $ 231 million accelerated share repurchase transaction with respect to its common stock. Both were accounted for as treasury stock transactions. Refer to Note 18 for additional information. Dividends declared per common share during the quarter ended September 30, 2022 - $ 0.55 (2021 - $ 0.45). Dividends declared per common share during the nine months ended September 30, 2022 - $ 1.65 (2021 - $ 1.30).

Stockholders' equity - ASR - Ad

Stockholders' equity - ASR - Additional Information (Details) - Accelerate share repurchase - USD ($) $ / shares in Units, $ in Millions			1 Months Ended	2 Months Ended	6 Months Ended	9 Months Ended
	Sep. 09, 2021	May 03, 2021	Aug. 26, 2022	Mar. 02, 2022	Jul. 12, 2022	Sep. 30, 2022	Sep. 30, 2021
Stockholders Equity Note
Stock repurchase program authorized amount		$ 350	$ 231			$ 231	$ 350
Accelerated share repurchases price paid per share	$ 75.8430				$ 78.9443
Accelerated share repurchases settlement payment			$ 231	$ 400
Initial shares received as part of an accelerated share repurchase program		3,785,831	2,339,241	3,483,942		2,339,241
Common Shares Repurchased Accelerated Share Repurchase Agreements	828,965				1,582,922
Common shares attributable to ASR	4,614,796				5,066,864
Accelerated share repurchase completed					$ 400	$ 400
Treasury stock
Stockholders Equity Note
Common stock purchases	$ 61	$ (280)	$ (185)	$ (320)	$ 120
Capital surplus
Stockholders Equity Note
Common stock purchases		$ (70)	$ (46)	$ (80)

Other comprehensive income (los

Other comprehensive income (loss) - Change in accumulated other comprehensive income (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Foreign Currency Translation
Beginning Balance	$ (64,167)	$ (67,959)	$ (67,307)	$ (71,254)
Other comprehensive income	7,206	(1,265)	10,346	2,030
Net change	7,206	(1,265)	10,346	2,030
Ending Balance	(56,961)	(69,224)	(56,961)	(69,224)
Adjustment of pension and postretirement benefit plans
Beginning Balance	(152,837)	(188,572)	(158,994)	(195,056)
Other comprehensive income before reclassifications	0	0	1,269	0
Amounts reclassified from accumulated other comprehensive loss for amortization of net losses	2,444	3,242	7,332	9,726
Net change	2,444	3,242	8,601	9,726
Ending Balance	(150,393)	(185,330)	(150,393)	(185,330)
Unrealized net holding (losses) gains on debt securities
Beginning Balance	(1,735,370)	163,982	(96,120)	460,900
Other comprehensive (loss) income	(781,898)	(46,956)	(2,421,148)	(343,874)
Amounts reclassified from accumulated other comprehensive income for gains on securities	0	(18)	0	(18)
Net change	(781,898)	(46,974)	(2,421,148)	(343,892)
Ending Balance	(2,517,268)	117,008	(2,517,268)	117,008
Unrealized net losses on cash flow hedges
Beginning Balance	(642)	(3,142)	(2,648)	(4,599)
Other comprehensive (loss) income before reclassifications	415	(465)	3,222	662
Amounts reclassified from accumulated other comprehensive loss	518	1,058	(283)	1,388
Net change	933	593	2,939	2,050
Ending Balance	291	(2,549)	291	(2,549)
Accumulated other comprehensive loss, net of tax	$ (2,724,331)	$ (140,095)	$ (2,724,331)	$ (140,095)	$ (325,069)

Other comprehensive income (l_2

Other comprehensive income (loss) - Reclassification out of accumulated other comprehensive income (Details) - Reclassification out of accumulated other comprehensive income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Reclassification out of accumulated other comprehensive loss
Net of tax	$ (2,962)	$ (4,282)	$ (7,049)	$ (11,096)
Pension and postretirement benefit plan
Reclassification out of accumulated other comprehensive loss
Before Tax	(3,911)	(5,187)	(11,733)	(15,566)
Income tax benefit	1,467	1,945	4,401	5,840
Net of tax	(2,444)	(3,242)	(7,332)	(9,726)
Pension and postretirement benefit plan | Other operating income
Reclassification out of accumulated other comprehensive loss
Before Tax	(3,911)	(5,187)	(11,733)	(15,566)
Gains (losses) on debt securities
Reclassification out of accumulated other comprehensive loss
Before Tax	0	23	0	23
Income tax benefit	0	(5)	0	(5)
Net of tax	0	18	0	18
Gains (losses) on debt securities | Net gain (loss) on sale of debt securities
Reclassification out of accumulated other comprehensive loss
Before Tax	0	23	0	23
Cash flow hedge
Reclassification out of accumulated other comprehensive loss
Before Tax	(828)	(1,518)	751	(1,707)
Income tax benefit	310	460	(468)	319
Net of tax	(518)	(1,058)	283	(1,388)
Cash flow hedge | Forward contracts | Mortgage banking activities
Reclassification out of accumulated other comprehensive loss
Before Tax	(828)	(1,229)	1,249	(854)
Cash flow hedge | Interest rate swap | Other operating income
Reclassification out of accumulated other comprehensive loss
Before Tax	$ 0	$ (289)	$ (498)	$ (853)

Guarantees - Changes from credi

Guarantees - Changes from credit recourses agreements (Details) - Guarantee on loans sold or serviced with credit recourse - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Guarantor Obligations
Balance as of beginning of period	$ 9,095	$ 15,662	$ 11,800	$ 22,484
Provision (benefit) for recourse liability	(1,718)	(1,959)	(2,067)	(2,710)
Net charge-offs	(184)	(1,052)	(2,540)	(7,123)
Balance as of end of period	$ 7,193	$ 12,651	$ 7,193	$ 12,651

Guarantees - Credit recourse -

Guarantees - Credit recourse - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Guarantee on loans sold or serviced with credit recourse
Guarantor Obligations
Valuation allowances and reserves balance	$ 7,193,000	$ 12,651,000	$ 7,193,000	$ 12,651,000	$ 9,095,000	$ 11,800,000	$ 15,662,000	$ 22,484,000
Serviced mortgage loans
Guarantor Obligations
Loans serviced	11,400,000,000		11,400,000,000			12,100,000,000
Loans with recourse
Guarantor Obligations
Loans serviced	700,000,000		700,000,000			$ 700,000,000
Loans with recourse | Serviced mortgage loans
Guarantor Obligations
Repurchased loans	$ 1,000,000	$ 2,000,000	6,000,000	17,000,000
Securitization | Guarantee on loans sold or serviced with representation and warranties
Guarantor Obligations
Repurchased loans			$ 1,000,000	$ 0

Guarantees - Other Guarantees -

Guarantees - Other Guarantees - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Guarantor Obligations
Funds Advanced To Investors Under Servicing Agreements	$ 44,144	$ 53,942
Popular, Inc. Holding Co.
Guarantor Obligations
Wholly-owned subsidiary percentage	100%
Popular, Inc. Holding Co. | Debt Securities Payable
Guarantor Obligations
Guarantees, unamortized balance of the obligations	$ 94,000	94,000
Financial Standby Letter Of Credit
Guarantor Obligations
Guarantees, unamortized balance of the obligations	200	200
Guarantee Type, Other | Popular, Inc. Holding Co. | Capital securities (trust preferred securities)
Guarantor Obligations
Guarantees, unamortized balance of the obligations	193,000	193,000
Indemnification Guarantee | Banco Popular de Puerto Rico
Guarantor Obligations
Liability for estimated credit loss related to loans sold or serviced	$ 800	$ 800

Commitments and Contingencies -

Commitments and Contingencies - Financial instruments with off-Balance Sheet credit risk (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Commitments to extend credit | Credit card lines
Commitments and contingencies
Unused commitments to extend credit	$ 5,811,972	$ 5,382,089
Commitments to extend credit | Commercial and construction lines of credit
Commitments and contingencies
Unused commitments to extend credit	4,197,401	3,830,601
Commitments to extend credit | Other consumer unused credit commitments
Commitments and contingencies
Unused commitments to extend credit	249,167	250,229
Commercial letters of credit
Commitments and contingencies
Unused commitments to extend credit	1,687	3,260
Standby letters of credit
Commitments and contingencies
Unused commitments to extend credit	22,049	27,848
Commitments to originate or fund mortgage loans
Commitments and contingencies
Unused commitments to extend credit	$ 80,102	$ 95,372

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Direct Exposure to Puerto Rico Government by Maturity (Details) - PR Government direct exposure - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	$ 322,217	$ 349,000
Total concentration of risk	365,406	367,000
Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	24,702	30,000
Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	297,515	$ 319,000
From PR Central Government
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	42
Total concentration of risk	42
From PR Central Government | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	42
From PR Central Government | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	0
From PR Central Government | After 1 to 5 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	13
Total concentration of risk	13
From PR Central Government | After 1 to 5 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	13
From PR Central Government | After 1 to 5 years | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	0
From PR Central Government | After 5 to 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	1
Total concentration of risk	1
From PR Central Government | After 5 to 10 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	1
From PR Central Government | After 5 to 10 years | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	0
From PR Central Government | After 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	28
Total concentration of risk	28
From PR Central Government | After 10 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	28
From PR Central Government | After 10 years | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	0
From Municipalities
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	322,175
Total concentration of risk	365,364
From Municipalities | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	24,660
From Municipalities | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	297,515
From Municipalities | Within 1 year
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	28,148
Total concentration of risk	46,337
From Municipalities | Within 1 year | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	4,530
From Municipalities | Within 1 year | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	23,618
From Municipalities | After 1 to 5 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	119,881
Total concentration of risk	144,881
From Municipalities | After 1 to 5 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	19,105
From Municipalities | After 1 to 5 years | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	100,776
From Municipalities | After 5 to 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	124,315
Total concentration of risk	124,315
From Municipalities | After 5 to 10 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	1,025
From Municipalities | After 5 to 10 years | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	123,290
From Municipalities | After 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	49,831
Total concentration of risk	49,831
From Municipalities | After 10 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	0
From Municipalities | After 10 years | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	$ 49,831

Commitments and contingencies_3

Commitments and contingencies - Commitments - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	$ 31,805,921	$ 29,506,225
Commitments to extend credit
Commitments and Contingencies Disclosure
Reserve of potential losses associated with unfunded loan commitments	7,300	7,900
Noncredit commitment
Commitments and Contingencies Disclosure
Investments	4,800	1,000
Residential mortgage loans
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	1,500,000	1,600,000
SBA loans under PPP program
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	47,000	353,000
BVI | Retail and commerical loans
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	216,000	221,000
Insured or guaranteed by the U.S. Government or its agencies | Commercial Loans
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	71,000	67,000
PR Government direct exposure
Commitments and Contingencies Disclosure
Outstanding concentration of risk	322,217	349,000
Total concentration of risk	$ 365,406	367,000
Exposure Municipal Loans And Securities	74%
PR Government direct exposure | Loans
Commitments and Contingencies Disclosure
Outstanding concentration of risk	$ 297,515	319,000
PR Government direct exposure | Loans | Adjustment
Commitments and Contingencies Disclosure
Outstanding concentration of risk	297,000
PR Government direct exposure | Securities Investment
Commitments and Contingencies Disclosure
Outstanding concentration of risk	24,702	30,000
PR Government Indirect Exposure
Commitments and Contingencies Disclosure
Outstanding concentration of risk	256,000	275,000
Loans and Leases Receivable, Consumer, Mortgage with PRHA	214,000	232,000
PR Government Indirect Exposure | PR Housing Bonds backed by second mortgage loans
Commitments and Contingencies Disclosure
Outstanding concentration of risk	42,000	43,000
USVI Government Direct Exposure | From USVI Government And Public Corporations
Commitments and Contingencies Disclosure
Total concentration of risk	$ 29,000	$ 70,000

Commitments and contingencies_4

Commitments and contingencies - Legal Proceedings - Additional Information (Details) $ in Millions	1 Months Ended			9 Months Ended
	Oct. 28, 2021 USD ($)	Jun. 28, 2021 Defendant	Jul. 30, 2019 Defendant Plaintiff	Sep. 30, 2022 USD ($) claims	Jan. 27, 2022 USD ($)
Hazard Insurance Commision Related Litigation
Legal Matters And Contingencies
Loss Contingency Damages Sought Value				$ 400
PB | Aileen Betances, et al. v. Popular Bank, et al
Legal Matters And Contingencies
Number of plaintiffs | Plaintiff			5
Loss Contingency Number Of Defendants | Defendant		3	5
PB | Damian Reyes, et al. v. Popular Bank, et al
Legal Matters And Contingencies
Number of plaintiffs | Plaintiff			3
Loss Contingency Number Of Defendants | Defendant			6
Aggregate Arbitrations with Claimed Damages | Popular Securities
Legal Matters And Contingencies
Loss Contingency Pending Claims Number | claims				22
Loss Contingency Damages Sought Value				$ 26
One arbitration with Claimed damages | Popular Securities | Trinidad Garcia v. Popular Inc et. al.
Legal Matters And Contingencies
Loss Contingency Damages Sought Value	$ 30
Litigation settlement amount awarded	$ 6.9
Damages sought amended					$ 390
Minimum
Legal Matters And Contingencies
Loss Contingency Range Of Possible Loss Portion Not Accrued				0
Minimum | PB | PB Employment Related Litigation
Legal Matters And Contingencies
Loss Contingency Damages Sought Value				100
Maximum
Legal Matters And Contingencies
Loss Contingency Range Of Possible Loss Portion Not Accrued				$ 25.4

Non-consolidated VIEs - Corpora

Non-consolidated VIEs - Corporation's VI in non-consolidated VIEs and max exposure to loss (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Variable Interest Entity
Assets	$ 70,729,675	$ 75,097,899	$ 74,189,163
Variable Interest Entity Not Primary Beneficiary
Variable Interest Entity
Assets	107,048	102,432
Maximum exposure to loss	107,048	102,432
Variable Interest Entity Not Primary Beneficiary | Servicing assets
Variable Interest Entity
Assets	100,468	94,464
Variable Interest Entity Not Primary Beneficiary | Mortgage servicing rights
Variable Interest Entity
Assets	100,468	94,464
Variable Interest Entity Not Primary Beneficiary | Other assets
Variable Interest Entity
Assets	6,580	7,968
Variable Interest Entity Not Primary Beneficiary | Servicing advances
Variable Interest Entity
Assets	$ 6,580	$ 7,968

Non-consolidated variable int_3

Non-consolidated variable interest entities - Additional Information (Details) - Variable Interest Entity Not Primary Beneficiary [Member] $ in Billions	9 Months Ended
	Sep. 30, 2022 USD ($) NumberOfVIE	Dec. 31, 2021 USD ($)
Variable Interest Entity
Number of VIEs | NumberOfVIE	3
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement | $	$ 7.9	$ 8.3

Related party transactions - Pr

Related party transactions - Proportionate share of income (loss) and changes in stockholder's equity from EVERTEC (Details) - EVERTEC Inc. - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Related Party Transaction
Share of income from investment	$ 257,712	$ 5,709	$ 269,539	$ 19,426
Share of other changes in stockholders equity	0	610	3,168	1,009
Share of changes in equity recognized in income	$ 257,712	$ 6,319	$ 272,707	$ 20,435

Related party transactions - Im

Related party transactions - Impact on the results of operations of transactions between the Corporation and EVERTEC (Details) - EVERTEC Inc. - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Related Party Transaction
Related Party Transaction, Amounts of Transaction	$ (53,488)	$ (111,315)	$ (157,822)
Interest Expense
Related Party Transaction
Interest Expense Related Party	(103)	(267)	(267)
ATH and credit cards interchange income from services
Related Party Transaction
Related Party Transaction Revenues From Transactions With Related Party	6,849	13,955	20,278
Rental income charged
Related Party Transaction
Related Party Transaction Revenues From Transactions With Related Party	1,973	3,258	4,915
Processing fees on services provided
Related Party Transaction
Expenses from Transactions with related party	(62,421)	(128,681)	(183,302)
Other services provided
Related Party Transaction
Related Party Transaction Revenues From Transactions With Related Party	$ 214	$ 420	$ 554

Related party transactions - Re

Related party transactions - Related party transactions with affiliated company - Equity Method - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jul. 02, 2022	Sep. 30, 2022	Sep. 30, 2021	Aug. 15, 2022	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction
Equity investment	$ 203,172			$ 203,172				$ 298,988
Goodwill on acquisition	827,428			827,428				720,293
Developed technology - Software intangible assets	700			700				$ 700
Return of capital from equity method investments				0	$ 3,616
Pre-tax gain on sale of shares				137,800
EVERTEC Inc.
Related Party Transaction
Ownership interest								16.19%
Earnings from investments in equity method investees	257,712	$ 6,319		272,707	20,435
Number of shares held								11,654,803
Return of capital from equity method investments				1,500	1,700
EVERTEC Inc. | EVERTEC Assets
Related Party Transaction
Business acquisition, aggregated equity value			$ 169,200
Evertec stock price at period end							$ 36.88
Common stock shares deliver to Evertec as consideration			4,589,169
Goodwill on acquisition			$ 116,135
Additional common stock shares deliver to Evertec as consideration						7,065,634
Developed technology - Software intangible assets	28,700		28,650	$ 28,700
Business combination total consideration			144,785
Pre-tax gain on sale of shares			119,900
EVERTEC Inc. | EVERTEC Assets | Service agreement
Related Party Transaction
Business combination transaction related expense			$ 24,200
Aggregate after-tax gain	226,600
Net expense charged for the quarter	17,300
Information technology and data processing	52,000
Merchant acquiring relationship	3,300
Credit of Evertec billing under MSA	$ 6,900
BHD LEON
Related Party Transaction
Ownership interest	15.84%			15.84%
Equity investment	$ 192,200			$ 192,200				$ 180,300
Earnings from investments in equity method investees				23,700	20,400
Dividends distribution				$ 16,000	$ 4,300

Related party transactions - _2

Related party transactions - Related party transactions with affiliated company - Additional Information 1 (Details) - Related Party With Investment Companies - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Related Party Transaction
Administrative Fees	$ 1.9	$ 3.4
Waived Fees	0.7	1.3
Net fees	$ 1.2	$ 2.1

Fair value measurement - Assets

Fair value measurement - Assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Assets
Debt securities available-for-sale	$ 28,264,148	$ 24,968,269
Mortgage servicing rights	130,541	121,570	$ 116,567	$ 118,395
US Treasury Securities
Assets
Debt securities available-for-sale	21,505,922	15,859,030
Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale		70
Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	176,204	221,265
Mortgage Backed Securities
Assets
Debt securities available-for-sale	6,580,948	8,887,776
Other
Assets
Debt securities available-for-sale	1,074	128
Recurring
Assets
Debt securities available-for-sale	28,264,148	24,968,269
Trading account debt securities, excluding derivatives	30,271	29,711
Equity securities at fair value	27,054	32,506
Mortgage servicing rights	130,541	121,570
Derivatives	16,653	26,093
Total assets measured at fair value on a recurring basis	28,468,667	25,178,149
Liabilities
Derivatives	(14,776)	(22,878)
Contingent consideration		(9,241)
Total	(14,776)	(32,119)
Recurring | US Treasury Securities
Assets
Debt securities available-for-sale	21,505,922	15,859,030
Trading account debt securities, excluding derivatives	15,711	6,530
Recurring | Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale		70
Recurring | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	66	85
Recurring | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	176,204	221,265
Recurring | CMO
Assets
Trading account debt securities, excluding derivatives	183	257
Recurring | Mortgage Backed Securities
Assets
Debt securities available-for-sale	6,580,948	8,887,776
Trading account debt securities, excluding derivatives	14,056	22,559
Recurring | Other
Assets
Debt securities available-for-sale	1,074	128
Trading account debt securities, excluding derivatives	255	280
Recurring | Level 1
Assets
Debt securities available-for-sale	5,450,397	0
Trading account debt securities, excluding derivatives	15,711	6,530
Equity securities at fair value	0	0
Mortgage servicing rights	0	0
Derivatives	0	0
Total assets measured at fair value on a recurring basis	5,466,108	6,530
Liabilities
Derivatives	0	0
Contingent consideration		0
Total	0	0
Recurring | Level 1 | US Treasury Securities
Assets
Debt securities available-for-sale	5,450,397	0
Trading account debt securities, excluding derivatives	15,711	6,530
Recurring | Level 1 | Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale		0
Recurring | Level 1 | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 1 | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	0	0
Recurring | Level 1 | CMO
Assets
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 1 | Mortgage Backed Securities
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 1 | Other
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 2
Assets
Debt securities available-for-sale	22,812,040	24,967,443
Trading account debt securities, excluding derivatives	14,170	22,703
Equity securities at fair value	26,723	32,429
Mortgage servicing rights	0	0
Derivatives	16,653	26,093
Total assets measured at fair value on a recurring basis	22,869,586	25,048,668
Liabilities
Derivatives	(14,776)	(22,878)
Contingent consideration		0
Total	(14,776)	(22,878)
Recurring | Level 2 | US Treasury Securities
Assets
Debt securities available-for-sale	16,055,525	15,859,030
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 2 | Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale		70
Recurring | Level 2 | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	66	85
Recurring | Level 2 | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	176,204	221,265
Recurring | Level 2 | CMO
Assets
Trading account debt securities, excluding derivatives	48	59
Recurring | Level 2 | Mortgage Backed Securities
Assets
Debt securities available-for-sale	6,580,237	8,886,950
Trading account debt securities, excluding derivatives	14,056	22,559
Recurring | Level 2 | Other
Assets
Debt securities available-for-sale	74	128
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 3
Assets
Debt securities available-for-sale	1,711	826
Trading account debt securities, excluding derivatives	390	478
Equity securities at fair value	0	0
Mortgage servicing rights	130,541	121,570
Derivatives	0	0
Total assets measured at fair value on a recurring basis	132,642	122,874
Liabilities
Derivatives	0	0
Contingent consideration		(9,241)
Total	0	(9,241)
Recurring | Level 3 | US Treasury Securities
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 3 | Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale		0
Recurring | Level 3 | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 3 | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	0	0
Recurring | Level 3 | CMO
Assets
Trading account debt securities, excluding derivatives	135	198	220
Recurring | Level 3 | Mortgage Backed Securities
Assets
Debt securities available-for-sale	711	826
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 3 | Other
Assets
Debt securities available-for-sale	1,000	0
Trading account debt securities, excluding derivatives	255	280	$ 352
Recurring | NAV
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	0	0
Equity securities at fair value	331	77
Mortgage servicing rights	0	0
Derivatives	0	0
Total assets measured at fair value on a recurring basis	331	77
Liabilities
Derivatives	0	0
Contingent consideration		0
Total	0	0
Recurring | NAV | US Treasury Securities
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	0	0
Recurring | NAV | Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale		0
Recurring | NAV | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	0	0
Recurring | NAV | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	0	0
Recurring | NAV | CMO
Assets
Trading account debt securities, excluding derivatives	0	0
Recurring | NAV | Mortgage Backed Securities
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	0	0
Recurring | NAV | Other
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	$ 0	$ 0

Fair value measurement - Asse_2

Fair value measurement - Assets measured at fair value on nonrecurring basis (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Fair Value
Other real estate	$ 93,239		$ 85,077
ROU assets	119,471		$ 141,748
Nonrecurring
Fair Value
Loans	9,933	$ 22,700
Loans held-for-sale	8,080
Other real estate	3,067	6,540
Other foreclosed assets	30
Long-lived asset held-for-sale	686	2,728
Total assets measured at fair value on a recurring basis	21,796	31,968
Loans - write-down	(9,580)	(4,775)
Loans held-for-sale - write-down	(224)
Other real estate owned - write down	(940)	(1,583)
Other foreclosed assets - write down	(1)
Long-lived asset held-for-sale - write down	(688)	(303)
Total assets measured - write down	(11,433)	(6,661)
Nonrecurring | Level 1
Fair Value
Loans	0	0
Loans held-for-sale	0
Other real estate	0	0
Other foreclosed assets	0
Long-lived asset held-for-sale	0	0
Total assets measured at fair value on a recurring basis	0	0
Nonrecurring | Level 2
Fair Value
Loans	0	0
Loans held-for-sale	0
Other real estate	0	0
Other foreclosed assets	0
Long-lived asset held-for-sale	0	0
Total assets measured at fair value on a recurring basis	0	0
Nonrecurring | Level 3
Fair Value
Loans	9,933	22,700
Loans held-for-sale	8,080
Other real estate	3,067	6,540
Other foreclosed assets	30
Long-lived asset held-for-sale	686	2,728
Total assets measured at fair value on a recurring basis	$ 21,796	$ 31,968

Fair value measurement - Change

Fair value measurement - Changes in level 3 assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	$ 131,572	$ 121,016	$ 122,874	$ 120,068
Gains (Losses) included in earnings	(509)	(5,988)	2,749	(11,745)
Gains (losses) included in OCI	(18)	(5)	(15)	(6)
Additions	1,666	3,083	7,200	9,916
Settlements	(69)	(84)	(166)	(211)
Ending Balance	132,642	118,022	132,642	118,022
Changes in unrealized gains (losses) included in earnings relating to assets still held	1,990	(1,908)	11,568	1,226
Liabilities, Fair Value Disclosure [Abstract]
Beginning Balance	(9,241)		(9,241)
Gains (Losses) included in earnings	9,241		9,241
Gains (losses) included in OCI	0		0
Additions	0		0
Settlements	0		0
Ending Balance	0		0
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss	0		0
Contingent consideration
Liabilities, Fair Value Disclosure [Abstract]
Beginning Balance	(9,241)		(9,241)
Gains (Losses) included in earnings	9,241		9,241
Gains (losses) included in OCI	0		0
Additions	0		0
Settlements	0		0
Ending Balance	0		0
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss	0		0
Debt securities available-for-sale | Mortgage Backed Securities
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	779	938	826	1,014
Gains (Losses) included in earnings	0	0	0	0
Gains (losses) included in OCI	(18)	(5)	(15)	(6)
Additions	0	0	0	0
Settlements	(50)	(50)	(100)	(125)
Ending Balance	711	883	711	883
Changes in unrealized gains (losses) included in earnings relating to assets still held	0	0	0	0
Debt securities available-for-sale | Other
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	500		0
Gains (Losses) included in earnings	0		0
Gains (losses) included in OCI	0		0
Additions	500		1,000
Settlements	0		0
Ending Balance	1,000		1,000
Changes in unrealized gains (losses) included in earnings relating to assets still held	0		0
Trading account debt securities | CMO
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	152	250	198	278
Gains (Losses) included in earnings	(1)	0	(2)	0
Gains (losses) included in OCI	0	0	0	0
Additions	3	4	5	28
Settlements	(19)	(34)	(66)	(86)
Ending Balance	135	220	135	220
Changes in unrealized gains (losses) included in earnings relating to assets still held	(1)	0	(2)	(1)
Trading account debt securities | Other
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	264	361	280	381
Gains (Losses) included in earnings	(9)	(9)	(25)	(29)
Gains (losses) included in OCI	0	0	0	0
Additions	0	0	0	0
Settlements	0	0	0	0
Ending Balance	255	352	255	352
Changes in unrealized gains (losses) included in earnings relating to assets still held	7	4	14	13
Mortgage Servicing Rights
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	129,877	119,467	121,570	118,395
Gains (Losses) included in earnings	(499)	(5,979)	2,776	(11,716)
Gains (losses) included in OCI	0	0	0	0
Additions	1,163	3,079	6,195	9,888
Settlements	0	0	0	0
Ending Balance	130,541	116,567	130,541	116,567
Changes in unrealized gains (losses) included in earnings relating to assets still held	$ 1,984	$ (1,912)	$ 11,556	$ 1,214

Fair value measurement - Gains

Fair value measurement - Gains and losses (realized and unrealized) included in earnings for level 3 assets and liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	$ 8,732	$ (5,988)	$ 11,990	$ (11,745)
Changes in unrealized gains (losses) included in earnings relating to assets still held	1,990	(1,908)	11,568	1,226
Mortgage banking activities
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	(499)	(5,979)	2,776	(11,716)
Changes in unrealized gains (losses) included in earnings relating to assets still held	1,984	(1,912)	11,556	1,214
Trading account (loss) profit
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	(10)	(9)	(27)	(29)
Changes in unrealized gains (losses) included in earnings relating to assets still held	6	$ 4	12	$ 12
Other operating income
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	9,241		9,241
Changes in unrealized gains (losses) included in earnings relating to assets still held	$ 0		$ 0

Fair value measurement - Quanti

Fair value measurement - Quantitative inputs level 3 (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Assets
Mortgage servicing rights	$ 130,541	$ 116,567	$ 121,570	$ 118,395
Other real estate	93,239		85,077
Recurring
Assets
Trading Securities Debt	30,271		29,711
Mortgage servicing rights	130,541		121,570
Contingent consideration			(9,241)
Recurring | CMO
Assets
Trading Securities Debt	183		257
Recurring | Other
Assets
Trading Securities Debt	255		280
Recurring | Level 3
Assets
Trading Securities Debt	390		478
Mortgage servicing rights	130,541		121,570
Contingent consideration			(9,241)
Recurring | Level 3 | Mortgage Servicing Rights
Assets
Mortgage servicing rights		$ 116,567
Recurring | Level 3 | Mortgage Servicing Rights | Discounted cash flow approach | Minimum
Unobservable inputs
Weighted average life (in years)		1 month 6 days
Weighted average prepayment speed (annual rate)		0.30%
Discount rate		9.50%
Recurring | Level 3 | Mortgage Servicing Rights | Discounted cash flow approach | Maximum
Unobservable inputs
Weighted average life (in years)		13 years 1 month 6 days
Weighted average prepayment speed (annual rate)		34.20%
Discount rate		14.70%
Recurring | Level 3 | Mortgage Servicing Rights | Discounted cash flow approach | Weighted Average
Unobservable inputs
Weighted average life (in years)		6 years 1 month 6 days
Weighted average prepayment speed (annual rate)		6.20%
Discount rate		11.10%
Recurring | Level 3 | CMO
Assets
Trading Securities Debt	$ 135	$ 220	198
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Minimum
Unobservable inputs
Weighted average life (in years)	2 months 12 days	1 month 6 days
Yield	4.90%	3.60%
Weighted average prepayment speed (annual rate)	10.10%	10.10%
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Maximum
Unobservable inputs
Weighted average life (in years)	8 months 12 days	1 year 1 month 6 days
Yield	5.40%	4.10%
Weighted average prepayment speed (annual rate)	18.50%	16.70%
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Weighted Average
Unobservable inputs
Weighted average life (in years)	6 months	10 months 24 days
Yield	4.90%	3.60%
Weighted average prepayment speed (annual rate)	10.70%	11.40%
Recurring | Level 3 | Other
Assets
Trading Securities Debt	$ 255	$ 352	$ 280
Recurring | Level 3 | Other | Trading account debt securities | Discounted cash flow approach
Unobservable inputs
Weighted average life (in years)	2 years 10 months 24 days	3 years 7 months 6 days
Yield	12%	12%
Weighted average prepayment speed (annual rate)	10.80%	10.80%
Nonrecurring
Assets
Loans	$ 9,933	$ 22,700
Other real estate	3,067	6,540
Nonrecurring | Level 3
Assets
Loans	9,933	22,700
Other real estate	3,067	6,540
Nonrecurring | Level 3 | Loan
Assets
Loans	$ 4,473	$ 21,715
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Minimum
Unobservable inputs
Haircut applied on external appraisal	5%	10%
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Maximum
Unobservable inputs
Haircut applied on external appraisal	25%	30.50%
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Weighted Average
Unobservable inputs
Haircut applied on external appraisal	16.10%	11%
Nonrecurring | Level 3 | Other real estate owned
Assets
Other real estate	$ 289	$ 4,099
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | Minimum
Unobservable inputs
Haircut applied on external appraisal	5%	5%
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | Maximum
Unobservable inputs
Haircut applied on external appraisal	35%	35%
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | Weighted Average
Unobservable inputs
Haircut applied on external appraisal	27%	22.30%

Fair value measurement - Additi

Fair value measurement - Additional Information (Details)	9 Months Ended
	Sep. 30, 2022
Trading account debt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Fair Value Measurements, Sensitivity Analysis, Description	The significant unobservable inputs used in the fair value measurement of the Corporation’s collateralized mortgage obligations and interest-only collateralized mortgage obligation (reported as “other”), which are classified in the “trading” category, are yield, constant prepayment rate, and weighted average life. Significant increases (decreases) in any of those inputs in isolation would result in significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the constant prepayment rate will generate a directionally opposite change in the weighted average life. For example, as the average life is reduced by a higher constant prepayment rate, a lower yield will be realized, and when there is a reduction in the constant prepayment rate, the average life of these collateralized mortgage obligations will extend, thus resulting in a higher yield.
Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Fair Value Measurements, Sensitivity Analysis, Description	The significant unobservable inputs used in the fair value measurement of the Corporation’s mortgage servicing rights are constant prepayment rates and discount rates. Increases in interest rates may result in lower prepayments. Discount rates vary according to products and / or portfolios depending on the perceived risk. Increases in discount rates result in a lower fair value measurement

Fair value of financial instr_3

Fair value of financial instruments - Carrying or notional amounts and estimated fair values for financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Financial Assets:
Cash and due from banks	$ 2,017,312	$ 428,433
Money market investments	3,975,048	17,536,719
Debt securities available-for-sale	28,264,148	24,968,269
Debt securities held-to-maturity	1,946,500	71,365
Equity securities:
Equity securities, at lower of cost or realizable value	185,923	189,977
Loans held in portfolio	30,820,092	28,545,191
Mortgage servicing rights	130,541	121,570	$ 116,567	$ 118,395
Deposits
Time deposits	6,929,291	6,712,149
Deposits	64,819,327	67,005,088
Assets sold under agreements to repurchase	162,450	91,603
Other short-term borrowings	250,000	75,000
Notes payable:
Notes payable	888,534	988,563
US Treasury Securities
Financial Assets:
Debt securities available-for-sale	21,505,922	15,859,030
Debt securities held-to-maturity	1,881,547
Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	58,969	65,380
Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities available-for-sale	176,204	221,265
Debt securities held-to-maturity	24	25
Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	5,960	5,960
Other
Financial Assets:
Debt securities available-for-sale	1,074	128
Carrying amount
Financial Assets:
Cash and due from banks	2,017,312	428,433
Money market investments	3,975,048	17,536,719
Trading account debt securities, excluding derivatives	30,271	29,711
Debt securities available-for-sale	28,264,148	24,968,269
Debt securities held-to-maturity	1,946,500	71,365
Equity securities:
FHLB stock	60,844	59,918
FRB stock	94,870	96,217
Other investments	30,209	33,842
Equity securities, at lower of cost or realizable value	185,923	189,977
Loans held-for-sale	8,065	59,168
Loans held in portfolio	30,820,092	28,545,191
Mortgage servicing rights	130,541	121,570
Derivatives	16,653	26,093
Deposits
Demand deposits	57,890,036	60,292,939
Time deposits	6,929,291	6,712,149
Deposits	64,819,327	67,005,088
Assets sold under agreements to repurchase	162,450	91,603
Other short-term borrowings	250,000	75,000
Notes payable:
FHLB advances	391,429	492,429
Unsecured senior debt securities	298,793	297,842
Junior subordinated deferrable interest debentures (related to trust preferred securities)	198,312	198,292
Notes payable	888,534	988,563
Derivatives	14,776	22,878
Contingent consideration		9,241
Carrying amount | US Treasury Securities
Financial Assets:
Debt securities held-to-maturity	1,881,547
Carrying amount | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	58,969	65,380
Carrying amount | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	24	25
Carrying amount | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	5,960	5,960
Fair Value
Financial Assets:
Cash and due from banks	2,017,312	428,433
Money market investments	3,975,048	17,536,719
Trading account debt securities, excluding derivatives	30,271	29,711
Debt securities available-for-sale	28,264,148	24,968,269
Debt securities held-to-maturity	1,897,558	83,368
Equity securities:
FHLB stock	60,844	59,918
FRB stock	94,870	96,217
Other investments	31,023	36,210
Equity securities, at lower of cost or realizable value	186,737	192,345
Loans held-for-sale	8,065	59,885
Loans held in portfolio	29,308,370	27,489,583
Mortgage servicing rights	130,541	121,570
Derivatives	16,653	26,093
Deposits
Demand deposits	57,890,036	60,292,939
Time deposits	6,553,096	6,647,301
Deposits	64,443,132	66,940,240
Assets sold under agreements to repurchase	162,380	91,602
Other short-term borrowings	250,000	75,000
Notes payable:
FHLB advances	362,885	496,091
Unsecured senior debt securities	304,080	319,296
Junior subordinated deferrable interest debentures (related to trust preferred securities)	181,574	201,879
Notes payable	848,539	1,017,266
Derivatives	14,776	22,878
Contingent consideration		9,241
Fair Value | US Treasury Securities
Financial Assets:
Debt securities held-to-maturity	1,829,680
Fair Value | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	61,894	77,383
Fair Value | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	24	25
Fair Value | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	5,960	5,960
Fair Value | Level 1
Financial Assets:
Cash and due from banks	2,017,312	428,433
Money market investments	3,967,849	17,530,640
Trading account debt securities, excluding derivatives	15,711	6,530
Debt securities available-for-sale	5,450,397	0
Debt securities held-to-maturity	0	0
Equity securities:
FHLB stock	0	0
FRB stock	0	0
Other investments	0	0
Equity securities, at lower of cost or realizable value	0	0
Loans held-for-sale	0	0
Loans held in portfolio	0	0
Mortgage servicing rights	0	0
Derivatives	0	0
Deposits
Demand deposits	0	0
Time deposits	0	0
Deposits	0	0
Assets sold under agreements to repurchase	0	0
Other short-term borrowings	0	0
Notes payable:
FHLB advances	0	0
Unsecured senior debt securities	0	0
Junior subordinated deferrable interest debentures (related to trust preferred securities)	0	0
Notes payable	0	0
Derivatives	0	0
Contingent consideration		0
Fair Value | Level 1 | US Treasury Securities
Financial Assets:
Debt securities held-to-maturity	0
Fair Value | Level 1 | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | Level 1 | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | Level 1 | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | Level 2
Financial Assets:
Cash and due from banks	0	0
Money market investments	7,199	6,079
Trading account debt securities, excluding derivatives	14,170	22,703
Debt securities available-for-sale	22,812,040	24,967,443
Debt securities held-to-maturity	1,835,640	5,960
Equity securities:
FHLB stock	60,844	59,918
FRB stock	94,870	96,217
Other investments	26,723	32,429
Equity securities, at lower of cost or realizable value	182,437	188,564
Loans held-for-sale	0	0
Loans held in portfolio	0	0
Mortgage servicing rights	0	0
Derivatives	16,653	26,093
Deposits
Demand deposits	57,890,036	60,292,939
Time deposits	6,553,096	6,647,301
Deposits	64,443,132	66,940,240
Assets sold under agreements to repurchase	162,380	91,602
Other short-term borrowings	250,000	75,000
Notes payable:
FHLB advances	362,885	496,091
Unsecured senior debt securities	304,080	319,296
Junior subordinated deferrable interest debentures (related to trust preferred securities)	181,574	201,879
Notes payable	848,539	1,017,266
Derivatives	14,776	22,878
Contingent consideration		0
Fair Value | Level 2 | US Treasury Securities
Financial Assets:
Debt securities held-to-maturity	1,829,680
Fair Value | Level 2 | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | Level 2 | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | Level 2 | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	5,960	5,960
Fair Value | Level 3
Financial Assets:
Cash and due from banks	0	0
Money market investments	0	0
Trading account debt securities, excluding derivatives	390	478
Debt securities available-for-sale	1,711	826
Debt securities held-to-maturity	61,918	77,408
Equity securities:
FHLB stock	0	0
FRB stock	0	0
Other investments	3,969	3,704
Equity securities, at lower of cost or realizable value	3,969	3,704
Loans held-for-sale	8,065	59,885
Loans held in portfolio	29,308,370	27,489,583
Mortgage servicing rights	130,541	121,570
Derivatives	0	0
Deposits
Demand deposits	0	0
Time deposits	0	0
Deposits	0	0
Assets sold under agreements to repurchase	0	0
Other short-term borrowings	0	0
Notes payable:
FHLB advances	0	0
Unsecured senior debt securities	0	0
Junior subordinated deferrable interest debentures (related to trust preferred securities)	0	0
Notes payable	0	0
Derivatives	0	0
Contingent consideration		9,241
Fair Value | Level 3 | US Treasury Securities
Financial Assets:
Debt securities held-to-maturity	0
Fair Value | Level 3 | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	61,894	77,383
Fair Value | Level 3 | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	24	25
Fair Value | Level 3 | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | NAV
Financial Assets:
Cash and due from banks	0	0
Money market investments	0	0
Trading account debt securities, excluding derivatives	0	0
Debt securities available-for-sale	0	0
Debt securities held-to-maturity	0	0
Equity securities:
FHLB stock	0	0
FRB stock	0	0
Other investments	331	77
Equity securities, at lower of cost or realizable value	331	77
Loans held-for-sale	0	0
Loans held in portfolio	0	0
Mortgage servicing rights	0	0
Derivatives	0	0
Deposits
Demand deposits	0	0
Time deposits	0	0
Deposits	0	0
Assets sold under agreements to repurchase	0	0
Other short-term borrowings	0	0
Notes payable:
FHLB advances	0	0
Unsecured senior debt securities	0	0
Junior subordinated deferrable interest debentures (related to trust preferred securities)	0	0
Notes payable	0	0
Derivatives	0	0
Contingent consideration		0
Fair Value | NAV | US Treasury Securities
Financial Assets:
Debt securities held-to-maturity	0
Fair Value | NAV | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | NAV | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | NAV | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	$ 0	$ 0

Fair Value of financial instr_4

Fair Value of financial instruments- Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Letter Of Credit
Commitments and contingencies
Fair Value Disclosure Off balance Sheet Risks Face Amount Asset	$ 24	$ 31
Commitments to extend credit
Commitments and contingencies
Fair Value Disclosure Off balance Sheet Risks Face Amount Asset	$ 10,300	$ 9,500

Net income per common share - C

Net income per common share - Computation of net income (loss) per common share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share, Basic and Diluted [Abstract]
Net income	$ 422,395	$ 248,114	$ 845,502	$ 728,825
Preferred stock dividends	(353)	(353)	(1,059)	(1,059)
Net income applicable to common stock	$ 422,042	$ 247,761	$ 844,443	$ 727,766
Average common shares outstanding	73,955,184	80,126,166	76,173,783	81,864,634
Average potential dilutive common shares	102,148	148,776	130,436	149,479
Average common shares outstanding - assuming dilution	74,057,332	80,274,942	76,304,219	82,014,113
Basic EPS	$ 5.71	$ 3.09	$ 11.09	$ 8.89
Diluted EPS	$ 5.70	$ 3.09	$ 11.07	$ 8.87

Net income per common share - A

Net income per common share - Additional Information (Details) - Accelerate share repurchase - USD ($) $ / shares in Units, $ in Millions			1 Months Ended	2 Months Ended	6 Months Ended	9 Months Ended
	Sep. 09, 2021	May 03, 2021	Aug. 26, 2022	Mar. 02, 2022	Jul. 12, 2022	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount						699,181
Initial shares received as part of an accelerated share repurchase program		3,785,831	2,339,241	3,483,942		2,339,241
Stock repurchase program authorized amount		$ 350	$ 231			$ 231	$ 350
Additional common shares repurchased	828,965				1,582,922
Accelerated share repurchase completed					$ 400	$ 400
Accelerated share repurchases price paid per share	$ 75.8430				$ 78.9443

Revenue from contracts with c_3

Revenue from contracts with customers - Revenue streams (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Service charges on deposit accounts
Revenue from contract with customer	$ 40,006	$ 41,312	$ 122,528	$ 121,085
BPPR
Revenue from contract with customer	104,945	102,745	315,487	297,550
BPPR | Service charges on deposit accounts
Revenue from contract with customer	37,047	38,496	114,025	112,732
BPPR | Debit card fees
Revenue from contract with customer	11,912	11,967	36,134	35,522
BPPR | Insurance fees, excluding reinsurance
Revenue from contract with customer	9,985	9,416	30,005	27,489
BPPR | Credit card fees excluding late fees and membership fees
Revenue from contract with customer	34,369	30,076	99,376	85,203
BPPR | Sale and administration of investment products
Revenue from contract with customer	5,952	6,216	17,760	17,726
BPPR | Trust fees
Revenue from contract with customer	5,680	6,574	18,187	18,878
Popular U.S.
Revenue from contract with customer	4,703	4,387	14,017	12,347
Popular U.S. | Service charges on deposit accounts
Revenue from contract with customer	2,959	2,816	8,503	8,353
Popular U.S. | Debit card fees
Revenue from contract with customer	221	243	660	723
Popular U.S. | Insurance fees, excluding reinsurance
Revenue from contract with customer	1,210	1,054	3,906	2,483
Popular U.S. | Credit card fees excluding late fees and membership fees
Revenue from contract with customer	313	274	948	788
Popular U.S. | Sale and administration of investment products
Revenue from contract with customer	0	0	0	0
Popular U.S. | Trust fees
Revenue from contract with customer	$ 0	$ 0	$ 0	$ 0

Revenue from contracts with c_4

Revenue from contracts with customers - Revenue streams - Parenthetical (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Intersegment Transaction
Revenue From Contract With Customer Excluding Assessed Tax	$ (0.6)	$ 0.3	$ 4.4	$ 2.6

Leases - Future minimum payment

Leases - Future minimum payments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Operating lease liabilities under Topic 842
Operating leases - 2022	$ 7,345
Operating leases - 2023	27,970
Operating leases - 2024	26,509
Operating leases - 2025	23,586
Operating leases - 2026	15,187
Operating leases - later years	47,606
Operating leases - Total	148,203
Less: Imputed interest	(16,781)
Operating lease liabilities	$ 131,422	$ 154,114
Operating Lease Liability Statement Of Financial Position Extensible List	Other liabilities	Other liabilities
Finance lease liabilities under Topic 842
Finance leases - 2022	$ 1,047
Finance leases - 2023	4,225
Finance leases - 2024	4,323
Finance leases - 2025	4,434
Finance leases - 2026	4,084
Finance leases - later years	9,995
Finance leases - Total	28,108
Less: imputed interest	(3,416)
Finance lease liabilities	$ 24,692	$ 19,719
Finance Lease Liability Statement Of Financial Position Extensible List	Other liabilities	Other liabilities

Leases - Lease cost (Details)

Leases - Lease cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Lease Cost [Abstract]
Amortization of ROU assets	$ 643	$ 475	$ 2,088	$ 1,531
Interest on lease liabilities	261	257	848	795
Operating lease cost	7,498	7,800	22,785	22,005
Short-term lease cost	231	174	399	349
Variable lease cost	33	20	86	70
Sublease Income	(9)	(19)	(28)	(57)
Net gain recognized from sale and lease back transaction	0	(7,007)	0	(7,007)
Total lease cost	$ 8,657	$ 1,700	$ 26,178	$ 17,686

Leases - Supplemental cash flow

Leases - Supplemental cash flow information and other related information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating cash flows from operating leases	$ 22,389	$ 30,282
Operating cash flows from finance leases	848	795
Financing cash flows from finance leases	2,363	2,262
ROU assets obtained in exchange for new lease obligations - Operating leases	1,937	22,352
ROU assets obtained in exchange for new lease obligations - Finance leases	$ 556	$ 0
Weighted average remaining lease term - Operating leases	7 years 4 months 24 days	7 years 10 months 24 days
Weighted average remaining lease term - Finance leases	8 years 4 months 24 days	8 years 6 months
Weighted average discount rate - Operating leases	2.80%	2.80%
Weighted average discount rate - Finance leases	4.30%	5%

Leases - Supplemental cash fl_2

Leases - Supplemental cash flow information and other related information - Subnote (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Lease
Operating lease liabilities		$ 131,422	$ 154,114
ROU assets		$ 119,471	$ 141,748
Branches closure | PB
Lease
Lease termination payment	$ 7,800
Corporate Office Buildings
Lease
Operating lease liabilities				$ 16,800
ROU assets				$ 16,800

Leases - Additional Information

Leases - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Leases [Abstract]
Undiscounted contract amount operating leases not yet commenced	$ 17.1
Undiscounted contract amount finance leases not yet commenced	$ 2.2
Minimum
Leases
Remaining lease term of contract	1 month 6 days
Operating lease contract not yet commenced	10 years
Finance lease contract not yet commenced	10 years
Maximum
Leases
Remaining lease term of contract	31 years 3 months 18 days
Lessee remaining lease renewal term	20 years
Operating lease contract not yet commenced	20 years
Finance lease contract not yet commenced	20 years

Pension and postretirement be_3

Pension and postretirement benefits - Components of net periodic benefit cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Pension Plans
Personnel costs:
Service cost	$ 0	$ 0	$ 0	$ 0
Other operating expenses
Interest cost	4,800	3,998	14,399	11,994
Expected return on plan assets	(8,847)	(9,670)	(26,541)	(29,011)
Amortization of prior service cost/(credit)	0	0	0	0
Amortization of net loss	3,911	4,719	11,733	14,159
Total net periodic pension cost	(136)	(953)	(409)	(2,858)
OPEB Plan
Personnel costs:
Service cost	121	160	364	480
Other operating expenses
Interest cost	983	893	2,948	2,679
Expected return on plan assets	0	0	0	0
Amortization of prior service cost/(credit)	0	0	0	0
Amortization of net loss	0	468	0	1,407
Total net periodic pension cost	$ 1,104	$ 1,521	$ 3,312	$ 4,566

Pension and postretirement be_4

Pension and postretirement benefits - Contributions to the benefit plans (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2022
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Employer contribution	$ 170
Expected future employer contribution current year		$ 227
OPEB Plan
Defined Benefit Plans and Other Postretirement Benefit Plans
Employer contribution	$ 5,046
Expected future employer contribution current year		$ 5,971

Stock-based compensation - Summ

Stock-based compensation - Summary of incentive plan for members of management (Details) - Performance Based Shares - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Restricted Stock
Non-vested at beginning of period	321,883	358,512
Granted	194,791	191,479
Performance Shares Quantity Adjustment	9,255	54,306
Vested	(234,482)	(273,974)
Forfeited	(1,625)	(8,440)
Non-vested at end of period	289,822	321,883
Weighted-Average Grant Date Fair Value
Non-vested at beginning of period	$ 47.98	$ 41.23
Granted	84.29	69.38
Performance Shares Quantity Adjustment	55.51	54.21
Vested	67.22	55.11
Forfeited	78.86	43.48
Non-vested at end of period	$ 56.93	$ 47.98

Stock-based compensation - Su_2

Stock-based compensation - Summary of incentive plan for members of the Board of Directors (Details) - Restricted Stock Units (RSUs) - Directors - $ / shares	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Roll Forward
Non-vested at beginning of period			0	0	0
Granted	857	545	24,409	20,079	20,638
Vested			(24,409)		(20,638)
Forfeited			0		0
Non-vested at end of period	0		0		0
Weighted-Average Grant Date Fair Value
Non-vested at beginning of period			$ 0	$ 0	$ 0
Granted			77.62		78.20
Vested			77.62		78.20
Forfeited			0		0
Non-vested at end of period	$ 0		$ 0		$ 0

Stock-based compensation - Addi

Stock-based compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Executive Officers
Stock-based compensation
Total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management	$ 11,500		$ 11,500
Total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management, period of recognition (in years)			1 year 10 months 24 days
Fair value of stocks vested at grant date			$ 12,200
Fair Market Value of stock vested at vesting date			20,700
Windfall Net Of Shortfall			$ 3,100
Restricted Stock Award | Executive Officers
Stock-based compensation
Stock granted	1,888	0	137,934	120,105
Restricted Stock Expense	$ 1,500	$ 1,300	$ 8,900	$ 7,500
Incentive award, tax benefit	$ 300	$ 300	$ 1,500	$ 1,400
Restricted Stock Units (RSUs)
Stock-based compensation
Stock-Based Compensation, vesting rights			Unless otherwise stated in an agreement, the compensation cost associated with the shares of restricted stock granted prior to 2021 was determined based on a two-prong vesting schedule. The first part is vested ratably over five or four years commencing at the date of grant (“the graduated vesting portion”) and the second part is vested at termination of employment after attainment of 55 years of age and 10 years of service or 60 years of age and 5 years of service (“the retirement vesting portion”). The graduated vesting portion is accelerated at termination of employment after attaining 55 years of age and 10 years of service or 60 years of age and 5 years of service. Restricted stock granted on or after 2021 will vest ratably in equal annual installments over a period of 4 years or 3 years, depending on the classification of the employee The vesting schedule is accelerated at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service.
Restricted Stock Units (RSUs) | Directors
Stock-based compensation
Stock granted	857	545	24,409	20,079	20,638
Restricted Stock Expense	$ 100	$ 42	$ 1,900	$ 1,900
Incentive award, tax benefit	$ 25	$ 8	400	$ 300
Fair Market Value of stock vested at vesting date			$ 1,900
Performance Based Shares | Minimum
Stock-based compensation
Vested and expected to vest range based on shareholder return	50%		50%
Performance Based Shares | Maximum
Stock-based compensation
Vested and expected to vest range based on shareholder return	150%		150%
Performance Based Shares | Executive Officers
Stock-based compensation
Stock granted	0	0	56,857	71,374
Restricted Stock Expense	$ 300	$ 300	$ 4,300	$ 4,900
Incentive award, tax benefit	$ 13	$ 12	$ 300	$ 500
Stock-Based Compensation, vesting rights			The number of shares that will ultimately vest ranges from 50% to a 150% of target based on both market (TSR) and performance (ROA and ROATCE) conditions. The performance shares vest at the end of the three-year performance cycle. If a participant terminates employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service, the performance shares shall continue outstanding and vest at the end of the performance cycle.

Income taxes - Differences betw

Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Amount
Income tax expense	$ 67,986	$ 83,542	$ 182,677	$ 233,466
PR
Amount
Computed income tax at statutory rates	183,893	124,370	385,567	360,859
Net benefit of tax exempt interest income	(45,499)	(34,294)	(123,324)	(105,297)
Deferred tax asset valuation allowance	3,724	3,529	9,662	19,682
Difference in tax rates due to multiple jurisdictions	(7,147)	(9,600)	(20,457)	(25,429)
Effect of income subject to preferential tax rate	(109,588)	(5,441)	(116,630)	(10,175)
Adjustment due to estimate on the annual effective rate	10,096	4,001	10,655	(6,732)
Unrecognized tax benefits	(1,503)	(5,484)	(1,503)	(5,484)
State and local taxes	3,726	6,352	10,957	8,943
Other	30,284	109	27,750	(2,901)
Income tax expense	$ 67,986	$ 83,542	$ 182,677	$ 233,466
% of pre-tax income
Computed income tax at statutory rates	38%	38%	38%	38%
Net benefit of tax exempt interest income	(9.00%)	(10.00%)	(12.00%)	(11.00%)
Deferred tax asset valuation allowance	1%	1%	1%	2%
Difference in tax rates due to multiple jurisdictions	(2.00%)	(3.00%)	(2.00%)	(3.00%)
Effect of income subject to preferential tax rate	(22.00%)	(2.00%)	(11.00%)	(1.00%)
Adjustment due to estimate on the annual effective rate	2%	1%	1%	(1.00%)
Unrecognized tax benefits	0%	(2.00%)	0%	(1.00%)
State and local taxes	1%	2%	1%	1%
Others	6%	0%	3%	0%
Income tax expense	14%	25%	18%	24%

Income taxes - Components of de

Income taxes - Components of deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deferred tax assets:
Tax credits available for carryforward	$ 3,042	$ 3,042
Net operating loss and other carryforward available	762,385	777,495
Postretirement and pension benefits	50,997	57,002
Deferred loan origination fees/cost	20	2,788
Allowance for credit losses	274,725	265,372
Deferred gains		1,642
Accelerated depreciation	12,613	12,668
FDIC-assisted transaction	152,665	152,665
Intercompany deferred gains	1,829
Lease liability	49,707	55,105
Unrealized net loss on trading and available-for-sale securities	317,394
Difference in outside basis from pass-through entities	42,459	54,781
Other temporary differences	41,235	46,930
Total gross deferred tax assets	1,709,071	1,429,490
Deferred tax liabilities:
Indefinite-lived intangibles	133,395	127,785
Unrealized net gain (loss) on trading and available-for-sale securities		7,146
Right of use assets	44,093	49,307
Deferred loan origination fees/cost	4,080	3,567
Other temporary differences	39,633	45,386
Total gross deferred tax liabilities	221,201	233,191
Valuation allowance	582,663	539,527
Net deferred tax asset	905,207	656,772
PR
Deferred tax assets:
Tax credits available for carryforward	261	261
Net operating loss and other carryforward available	121,840	112,331
Postretirement and pension benefits	50,997	57,002
Deferred loan origination fees/cost	20	2,788
Allowance for credit losses	240,578	233,500
Deferred gains		1,642
Accelerated depreciation	5,246	5,246
FDIC-assisted transaction	152,665	152,665
Intercompany deferred gains	1,829
Lease liability	28,747	31,211
Unrealized net loss on trading and available-for-sale securities	291,285
Difference in outside basis from pass-through entities	42,459	54,781
Other temporary differences	33,017	38,512
Total gross deferred tax assets	968,944	689,939
Deferred tax liabilities:
Indefinite-lived intangibles	79,617	76,635
Unrealized net gain (loss) on trading and available-for-sale securities		4,329
Right of use assets	26,499	29,025
Deferred loan origination fees/cost	574	0
Other temporary differences	38,104	43,856
Total gross deferred tax liabilities	144,794	153,845
Valuation allowance	138,219	128,557
Net deferred tax asset	685,931	407,537
US
Deferred tax assets:
Tax credits available for carryforward	2,781	2,781
Net operating loss and other carryforward available	640,545	665,164
Postretirement and pension benefits	0	0
Deferred loan origination fees/cost	0	0
Allowance for credit losses	34,147	31,872
Deferred gains		0
Accelerated depreciation	7,367	7,422
FDIC-assisted transaction	0	0
Intercompany deferred gains	0
Lease liability	20,960	23,894
Unrealized net loss on trading and available-for-sale securities	26,109
Difference in outside basis from pass-through entities	0	0
Other temporary differences	8,218	8,418
Total gross deferred tax assets	740,127	739,551
Deferred tax liabilities:
Indefinite-lived intangibles	53,778	51,150
Unrealized net gain (loss) on trading and available-for-sale securities		2,817
Right of use assets	17,594	20,282
Deferred loan origination fees/cost	3,506	3,567
Other temporary differences	1,529	1,530
Total gross deferred tax liabilities	76,407	79,346
Valuation allowance	444,444	410,970
Net deferred tax asset	$ 219,276	$ 249,235

Income taxes - Reconciliation o

Income taxes - Reconciliation of unrecognized tax benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Income Tax Disclosure
Beginning Balance	$ 3.5	$ 3.5	$ 3.5	$ 14.8	$ 14.8	$ 14.8
Reduction as a result of lapse of statute of limitations	(1.1)	0	0	0	0	0
Reduction as a result of settlements	0			(11.3)
Ending Balance	$ 2.4	$ 3.5	$ 3.5	$ 3.5	$ 14.8	$ 14.8

Income taxes - Additional Infor

Income taxes - Additional Information (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Income Taxes
Valuation allowance	$ 582,663,000						$ 582,663,000		$ 539,527,000
Net deferred tax assets (net of valuation allowance)	907,419,000						907,419,000		657,597,000
Net deferred tax asset	905,207,000						905,207,000		656,772,000
Unrecognized tax benefits, accrued interest	2,500,000						2,500,000		2,800,000
Recognized Tax Benefits Current Interest On Income Taxes Accrued							202,000	$ 810,000
Accrual for the payment of penalties	0						0		0
Total amount of unrecognized tax benefits, that if recognized, would affect effective tax rate	4,300,000						4,300,000		5,500,000
Anticipated reduction in the total amount of unrecognized tax benefits within the next 12 months	1,500,000						1,500,000
Interest Expense Reversal Due To Expiration Of The Statute Of Limitation							448,000	2,900,000
Income tax expense	67,986,000			$ 83,542,000			182,677,000	233,466,000
Reduction as a result of lapse of statute of limitations	1,100,000	$ 0	$ 0	0	$ 0	$ 0
Other assets
Income Taxes
Net deferred tax assets (net of valuation allowance)	900,000,000						900,000,000		700,000,000
Other liabilities
Income Taxes
Net deferred tax liabilities	2,200,000						2,200,000		869,000
Popular, Inc Holding Co
Income Taxes
Valuation allowance	138,000,000						138,000,000
PR
Income Taxes
Valuation allowance	138,219,000						138,219,000		128,557,000
Net deferred tax asset	685,931,000						685,931,000		407,537,000
Income tax expense	67,986,000			$ 83,542,000			182,677,000	$ 233,466,000
US
Income Taxes
Valuation allowance	444,444,000						444,444,000		410,970,000
Net deferred tax asset	219,276,000						219,276,000		$ 249,235,000
Deferred Tax Assets	$ 663,000,000						$ 663,000,000

Supplemental disclosure on th_3

Supplemental disclosure on the consolidated statments of cash flows - Non-cash activities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Non-cash activities:
Loans transferred to other real estate	$ 50,359	$ 40,278
Loans transferred to other property	38,066	32,748
Total loans transferred to foreclosed assets	88,425	73,026
Loans transfered to other assets	6,631	5,237
Financed sales of other real estate assets	6,231	9,641
Financed sales of other foreclosed assets	29,505	31,809
Total financed sales of foreclosed assets	35,736	41,450
Financed sale of premises and equipment	31,894	30,730
Transfers from premises and equipment to long-lived assets held-for-sale	1,126	26,242
Transfers from loans held-in-portfolio to loans held-for-sale	11,522	60,806
Transfers from loans held-for-sale to loans held-in-portfolio	25,706	6,710
Loans securitized into investment securities	294,872	546,335
Trades receivables from brokers and counterparties	12,973	74,328
Trades payable to brokers and counterparties	5,793	13,746
Recognition of mortgage servicing rights on securitizations or asset transfers	6,195	9,888
Loans booked under the GNMA buy-back option	3,984	20,908
Capitalization of lease right of use asset	4,453	26,676
Acquisition of software intangible assets	28,650	0
Goodwill on acquisition	116,135	0
Total stock consideration related to Evertec transaction	$ 144,785	$ 0

Supplemental disclosure on th_4

Supplemental disclosure on the consolidated statments of cash flows - Cash and due from banks, and restricted cash (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Supplemental Cash Flow Information
Cash and due from banks	$ 1,937,638		$ 506,890
Restricted cash and due from banks	79,674		32,083
Restricted cash in money market investments	7,199		6,406
Total cash and due from banks, and restricted cash	$ 2,024,511	$ 434,512	$ 545,379	$ 497,094

Segment reporting - Results of

Segment reporting - Results of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information
Net Interest income (expense)	$ 579,619	$ 489,393	$ 1,607,793	$ 1,456,307
Provision for credit losses (benefit)	39,637	(61,173)	33,499	(160,414)
Non-interest Income	426,494	169,258	738,597	477,451
Amortization of intangibles	795	783	2,481	3,089
Goodwill impairment charge	9,000	0	9,000	0
Depreciation expense	13,853	13,008	41,207	41,416
Other operating expenses	452,447	374,377	1,232,024	1,087,376
Income tax expense (benefit)	67,986	83,542	182,677	233,466
Net income	422,395	248,114	845,502	728,825
Segment assets	70,729,675	74,189,163	70,729,675	74,189,163	$ 75,097,899
Reportable Segment
Segment Reporting Information
Net Interest income (expense)	586,998	499,206	1,629,914	1,486,644
Provision for credit losses (benefit)	39,824	(60,959)	33,521	(160,226)
Non-interest Income	277,653	152,153	568,492	434,071
Amortization of intangibles	795	783	2,481	2,837
Goodwill impairment charge	9,000		9,000
Depreciation expense	13,555	12,680	40,326	40,556
Other operating expenses	453,647	374,729	1,235,782	1,090,767
Income tax expense (benefit)	58,837	83,496	175,030	234,121
Net income	288,993	240,630	702,266	712,660
Segment assets	70,427,194	73,791,528	70,427,194	73,791,528
Intersegment Elimination
Segment Reporting Information
Net Interest income (expense)	1	2	3	5
Provision for credit losses (benefit)	0	0	0	0
Non-interest Income	(137)	(136)	(410)	(411)
Amortization of intangibles	0	0	0	0
Goodwill impairment charge	0		0
Depreciation expense	0	0	0	0
Other operating expenses	(135)	(136)	(407)	(408)
Income tax expense (benefit)	0	0	0	0
Net income	(1)	2	0	2
Segment assets	(319,999)	(23,074)	(319,999)	(23,074)
Corporate
Segment Reporting Information
Net Interest income (expense)	(7,379)	(9,813)	(22,121)	(30,337)
Provision for credit losses (benefit)	(187)	(214)	(22)	(188)
Non-interest Income	148,228	17,251	174,060	45,675
Amortization of intangibles	0	0	0	252
Goodwill impairment charge	0		0
Depreciation expense	298	328	881	860
Other operating expenses	(46)	615	(149)	(567)
Income tax expense (benefit)	8,469	(279)	7,802	(925)
Net income	132,315	6,988	143,427	15,906
Segment assets	5,341,051	5,378,819	5,341,051	5,378,819
Eliminations
Segment Reporting Information
Net Interest income (expense)	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Non-interest Income	613	(146)	(3,955)	(2,295)
Amortization of intangibles	0	0	0	0
Goodwill impairment charge	0		0
Depreciation expense	0	0	0	0
Other operating expenses	(1,154)	(967)	(3,609)	(2,824)
Income tax expense (benefit)	680	325	(155)	270
Net income	1,087	496	(191)	259
Segment assets	(5,038,570)	(4,981,184)	(5,038,570)	(4,981,184)
Banco Popular de Puerto Rico
Segment Reporting Information
Goodwill impairment charge			0
Banco Popular de Puerto Rico | Reportable Segment
Segment Reporting Information
Net Interest income (expense)	488,123	419,166	1,351,086	1,248,689
Provision for credit losses (benefit)	29,813	(37,022)	24,941	(104,425)
Non-interest Income	262,587	146,139	542,826	417,399
Amortization of intangibles	484	617	1,453	2,338
Goodwill impairment charge	0		0
Depreciation expense	11,862	11,164	35,054	35,115
Other operating expenses	396,655	324,171	1,069,512	938,754
Income tax expense (benefit)	48,209	65,357	141,113	187,784
Net income	263,687	201,018	621,839	606,522
Segment assets	59,640,784	63,476,269	59,640,784	63,476,269
PB
Segment Reporting Information
Goodwill impairment charge			9,000
PB | Reportable Segment
Segment Reporting Information
Net Interest income (expense)	98,874	80,038	278,825	237,950
Provision for credit losses (benefit)	10,011	(23,937)	8,580	(55,801)
Non-interest Income	15,203	6,150	26,076	17,083
Amortization of intangibles	311	166	1,028	499
Goodwill impairment charge	9,000		9,000
Depreciation expense	1,693	1,516	5,272	5,441
Other operating expenses	57,127	50,694	166,677	152,421
Income tax expense (benefit)	10,628	18,139	33,917	46,337
Net income	25,307	39,610	80,427	106,136
Segment assets	$ 11,106,409	$ 10,338,333	$ 11,106,409	$ 10,338,333

Segment reporting - Geographic

Segment reporting - Geographic information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information
Net Revenue	$ 1,006,113	$ 658,651	$ 2,346,390	$ 1,933,758
PR
Segment Reporting Information
Net Revenue	852,149	542,178	1,940,457	1,590,030
US
Segment Reporting Information
Net Revenue	133,071	97,331	347,614	288,619
Other
Segment Reporting Information
Net Revenue	$ 20,893	$ 19,142	$ 58,319	$ 55,109

Segment reporting - Selected Ba

Segment reporting - Selected Balance Sheet information (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Segment Reporting Information
Assets	$ 70,729,675	$ 75,097,899	$ 74,189,163
Deposits	64,819,327	67,005,088
Puerto Rico
Segment Reporting Information
Assets	57,192,527	63,221,282
Loans	20,760,831	19,770,118
Deposits	54,769,845	57,211,608
Popular U.S.
Segment Reporting Information
Assets	12,153,357	10,986,055
Loans	10,204,303	8,903,493
Deposits	8,016,775	7,777,232
Other
Segment Reporting Information
Assets	1,383,791	890,562
Loans	566,119	626,115
Deposits	$ 2,032,707	$ 2,016,248

Segment Reporting - Additional

Segment Reporting - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) units	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information
Number Of Operating Segments | units			2
Factors Used To Identify Entitys Reportable Segments			Banco Popular de Puerto Rico and Popular U.S. Management determined the reportable segments based on the internal reporting used to evaluate performance and to assess where to allocate resources.
Net Revenue	$ 1,006,113	$ 658,651	$ 2,346,390	$ 1,933,758
Assets	70,729,675	74,189,163	70,729,675	74,189,163	$ 75,097,899
US
Segment Reporting Information
Net Revenue	133,071	97,331	347,614	288,619
Assets	12,153,357		12,153,357		10,986,055
Other
Segment Reporting Information
Net Revenue	20,893	$ 19,142	58,319	55,109
Assets	1,383,791		1,383,791		890,562
Banco Popular de Puerto Rico
Segment Reporting Information
Bank loan origination	69,000		160,000
Banco Popular de Puerto Rico | US
Segment Reporting Information
Net Revenue			45,000	38,100
Assets	$ 1,000,000		1,000,000		$ 589,000
Banco Popular de Puerto Rico | Other
Segment Reporting Information
Net Revenue			$ 34,600	$ 34,700

Subsequent events- Additional I

Subsequent events- Additional Information (Details) - USD ($) $ in Millions	Oct. 15, 2022	Sep. 30, 2022	Dec. 31, 2021
Subsequent Events
Developed technology - Software intangible assets		$ 0.7	$ 0.7
Subsequent event | US Treasury Securities
Subsequent Events
Available-for-sale transfer to Held-to-maturity, unrealized losses before tax	$ 873.1
Available-for-sale securities transfer to Held-to-maturity	6,500
Available-for-sale securities transfer to Held-to-Maturity at par value	$ 7,400