BPOP Stock Balance Sheets

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Quarterly

Annual

Goodwill

Long-Term Debt

Popular Quarterly Balance Sheets Table

Quarterly

Annual

Unit: USD	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31	2020-03-31	2019-03-31	2018-09-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30

assets:
cash and due from banks	2,017,312,000	528,590,000	439,148,000	538,973,000	530,849,000	495,915,000	445,551,000	376,558,000	400,949,000	464,555,000	580,811,000	744,769,000		606,861,000	661,852,000	703,483,000	1,183,997,000	887,619,000	782,498,000	709,056,000	762,085,000
money market investments:
trading account debt securities, at fair value:
debt securities available-for-sale, at fair value:
debt securities held-to-maturity, at amortized cost	1,953,710,000	1,664,015,000	75,984,000	85,655,000	88,801,000	89,725,000	95,263,000	99,455,000	101,238,000
equity securities	185,923,000	175,870,000	186,348,000	184,931,000	187,502,000	178,650,000	163,058,000	158,507,000	157,962,000
loans held-for-sale, at lower of cost or fair value	8,065,000	28,546,000	55,150,000	91,313,000	85,315,000	84,214,000	87,855,000	43,985,000	51,742,000	569,678,000
loans held-in-portfolio	31,805,921,000	30,643,443,000	29,856,356,000	29,089,241,000	29,286,225,000	29,344,620,000	27,847,840,000	26,808,287,000						24,512,966,000	24,717,321,000	25,355,753,000
premises and equipment	492,685,000	490,152,000	488,390,000	487,526,000	486,443,000	508,023,000	552,007,000	557,517,000	557,104,000	543,577,000	531,849,000	573,941,000		589,592,000	614,366,000	624,212,000	620,469,000	633,450,000	639,840,000	580,768,000	587,505,000
other real estate	93,239,000	92,137,000	90,567,000	76,828,000	73,272,000	72,060,000	123,922,000	125,478,000						129,485,000	105,553,000	95,773,000	72,605,000	102,809,000	85,277,000	133,508,000	112,858,000
accrued income receivable	224,307,000	216,780,000	204,466,000	200,649,000	203,419,000	215,993,000	176,078,000	162,797,000	163,443,000	147,670,000	160,167,000	151,245,000		131,745,000	135,978,000	142,114,000	197,549,000	163,274,000	215,454,000	290,916,000	249,746,000
mortgage servicing rights, at fair value	130,541,000	129,877,000	125,358,000	116,567,000	119,467,000	122,543,000
other assets	1,700,378,000	1,773,523,000	1,755,847,000	1,634,839,000	1,750,151,000	1,713,083,000	1,788,437,000	1,799,728,000	1,900,850,000	1,321,900,000	1,459,985,000	1,402,072,000		1,153,680,000	1,214,849,000	1,177,078,000	1,412,219,000	2,455,842,000	2,110,675,000	1,441,681,000	1,499,461,000
goodwill	827,428,000	720,293,000	720,293,000	671,122,000	671,122,000	671,122,000	671,122,000	671,122,000	687,536,000	647,387,000	665,333,000	710,579,000		606,508,000	607,164,000	606,440,000	608,172,000	628,826,000	630,764,000	668,807,000	668,469,000
other intangible assets	13,738,000	14,533,000	15,328,000	19,657,000	20,440,000	21,415,000	26,307,000	24,521,000	29,186,000	56,441,000	60,438,000	63,720,000		46,067,000	48,447,000	50,867,000	67,662,000	64,223,000	67,032,000	100,471,000	102,299,000
total assets	70,729,675,000	71,501,931,000	69,525,082,000	74,189,163,000	72,657,293,000	66,870,268,000	52,803,639,000	48,680,607,000	47,919,428,000	38,736,267,000	40,820,716,000	42,443,652,000
liabilities and stockholders’ equity
liabilities:
deposits:
assets sold under agreements to repurchase	162,450,000	70,925,000	72,819,000	86,470,000	90,925,000	86,834,000	178,766,000	200,871,000	300,116,000
other short-term borrowings	250,000,000						100,000,000	42,000	1,200,000	290,302,000	191,342,000	1,263,000		3,077,000	1,825,000	29,453,000	507,011,000	1,337,210,000	1,525,310,000	1,414,897,000	3,384,105,000
notes payable	888,534,000	888,210,000	987,887,000	1,176,943,000	1,176,620,000	1,224,230,000	1,058,131,000	1,176,488,000	1,744,687,000	3,794,655,000	5,143,388,000	8,237,401,000		2,649,821,000			4,242,487,000			8,314,791,000	8,068,638,000
other liabilities	934,526,000	921,783,000	930,835,000	929,218,000	933,358,000	918,844,000	999,961,000	983,308,000	980,249,000	1,006,930,000	1,278,603,000	1,180,773,000		1,051,661,000	1,084,455,000	1,104,813,000	811,253,000	856,504,000	990,713,000	857,795,000	793,500,000
commitments and contingencies
stockholders’ equity:
preferred stock, 30,000,000 shares authorized; 885,726 shares issued and outstanding	22,143,000	22,143,000	22,143,000	22,143,000	22,143,000	22,143,000	22,143,000
common stock	1,046,000	1,046,000	1,046,000	1,046,000	1,045,000	1,045,000	1,044,000	1,043,000	1,043,000	10,236,000	10,229,000	10,229,000		6,395,000	2,820,000	1,692,209,000	1,772,010,000	1,767,721,000	1,765,097,000	1,757,961,000	1,756,337,000
surplus	4,652,508,000	4,576,478,000	4,571,111,000	4,569,641,000	4,506,659,000	4,571,919,000	4,366,300,000	4,313,040,000	4,281,515,000	4,096,245,000	4,094,302,000	4,094,429,000		2,794,660,000	2,185,757,000	496,455,000	564,021,000	563,100,000	570,548,000	536,129,000	533,152,000
retained earnings	3,694,020,000	3,311,951,000	3,143,004,000	2,882,340,000	2,670,885,000	2,489,453,000	1,940,170,000	1,794,644,000	1,629,692,000								384,062,000	1,086,373,000	1,113,089,000	1,689,384,000	1,701,100,000
treasury stock	-1,970,548,000	-1,665,253,000	-1,668,820,000	-1,352,104,000	-1,290,427,000	-1,012,263,000	-870,675,000	-394,848,000	-183,872,000	-607,000	-545,000	-518,000	-1,000	-11,000	-11,000		-207,512,000	-207,627,000	-207,608,000	-205,567,000	-205,567,000
accumulated other comprehensive loss, net of tax	-2,724,331,000	-1,953,016,000	-1,397,238,000					-323,979,000	-534,189,000
total liabilities and stockholders’ equity	70,729,675,000	71,501,931,000	69,525,082,000	74,189,163,000	72,657,293,000	66,870,268,000	52,803,639,000	48,680,607,000	47,919,428,000	38,736,267,000	40,820,716,000	42,443,652,000
the accompanying notes are an integral part of these consolidated financial statements.
accumulated other comprehensive income, net of tax				-140,095,000	-95,691,000	-174,738,000	210,623,000
mortgage servicing assets, at fair value							147,311,000	167,813,000	162,779,000	167,416,000	165,947,000
time deposits with other banks								4,814,134,000	4,609,061,000	761,380,000	1,733,493,000	2,132,748,000		633,010,000	538,581,000	930,366,000	14,554,000	17,299,000	14,331,000	24,703,000	17,449,000
total money market investments								4,814,134,000	4,609,061,000	961,565,000	2,023,949,000	2,444,209,000
pledged securities with creditors’ right to repledge								598,000	600,000	587,218,000	434,637,000	371,619,000		2,432,720,000	2,599,558,000	2,455,629,000	3,256,348,000	3,418,708,000	3,146,549,000	4,742,127,000	3,421,716,000
other trading account debt securities								38,619,000
other debt securities available-for-sale								13,336,386,000
less – unearned income								160,579,000	149,783,000											330,723,000	323,864,000
allowance for loan losses								550,628,000	633,718,000	736,505,000	1,243,994,000	1,277,016,000		1,207,401,000	1,146,239,000	1,057,125,000	726,480,000	652,730,000	579,379,000	600,273,000	564,847,000
total loans held-in-portfolio								26,097,080,000	25,878,450,000	24,669,834,000	24,904,715,000	25,268,389,000
non-interest bearing								9,046,104,000	8,803,752,000	4,913,009,000	5,371,439,000	4,793,338,000		4,281,817,000	4,408,865,000	4,372,366,000	4,065,720,000	4,482,287,000	4,253,885,000	3,975,383,000	4,280,195,000
interest bearing								31,833,734,000	30,845,075,000	22,283,665,000	22,368,605,000	22,320,235,000		22,101,081,000	22,504,620,000	22,777,401,000	23,845,677,000	22,633,441,000	22,712,829,000	22,626,132,000	21,105,800,000
total deposits								40,879,838,000	39,648,827,000	27,196,674,000	27,740,044,000	27,113,573,000
total liabilities								43,240,547,000	42,675,079,000	34,931,361,000	36,711,516,000	38,840,204,000
preferred stock, 30,000,000 shares authorized; 2,006,391 shares issued and outstanding								50,160,000	50,160,000
total stockholders’ equity								5,440,060,000	5,244,349,000	3,804,906,000	4,109,200,000	3,603,448,000
other trading securities									37,131,000	47,581,000	48,555,000	29,924,000		59,890,000	87,054,000	162,982,000	54,217,000	82,051,000	67,018,000	92,801,000	321,374,000
other investment securities available-for-sale									12,752,180,000	3,580,558,000	3,693,225,000	4,499,256,000		4,560,571,000	4,646,901,000	4,508,609,000	4,312,394,000	4,283,619,000	4,512,959,000	4,136,368,000	5,552,752,000
loans held-in-portfolio:
loans not covered under loss-sharing agreements with the fdic									26,661,951,000
loans covered under loss-sharing agreements with the fdic
fdic loss-share asset
other real estate not covered under loss-sharing agreements with the fdic									133,780,000
other real estate covered under loss-sharing agreements with the fdic
assets
federal funds sold												11,540,000		140,635,000	106,092,000	175,403,000	173,330,000	710,000,000	494,940,000	430,000,000	345,400,000
securities purchased under agreements to resell										200,185,000	290,456,000	299,921,000		325,178,000	306,974,000	319,702,000	121,613,000	170,497,000	391,958,000	180,394,000	212,138,000
trading account securities, at fair value:
investment securities available-for-sale, at fair value:
investment securities held-to-maturity, at amortized cost										142,106,000	214,152,000	209,416,000		212,950,000	320,061,000	318,894,000	719,832,000	232,483,000	374,903,000	279,267,000	429,479,000
other investment securities, at lower of cost or realizable value										174,930,000	158,309,000	152,562,000		174,943,000	214,923,000	222,013,000	229,158,000	240,731,000	252,157,000	179,376,000	160,150,000
loans not covered under loss sharing agreements with the fdic										20,781,549,000	22,249,167,000	22,576,299,000
loans covered under loss sharing agreements with the fdic										4,729,550,000	4,006,227,000	4,079,017,000
less — unearned income										104,760,000	106,685,000	109,911,000		116,897,000	111,259,000	117,767,000	183,770,000	186,770,000	184,815,000
fdic loss share indemnification asset										2,325,618,000	3,308,959,000	3,345,896,000
other real estate not covered under loss sharing agreements with the fdic										156,888,000	168,823,000	142,372,000
other real estate covered under loss sharing agreements with the fdic										65,562,000	77,516,000	76,331,000
federal funds purchased and assets sold under agreements to repurchase										2,642,800,000	2,358,139,000	2,307,194,000		2,807,891,000	2,941,678,000	2,881,997,000	3,730,039,000	4,738,677,000	4,490,693,000	6,287,303,000	5,655,936,000
preferred stock, 30,000,000 shares authorized; 2,006,391 shares issued and outstanding in all periods presented										50,160,000
accumulated deficit										-338,126,000	-130,808,000	-625,302,000
accumulated other comprehensive income net of tax of										-13,002,000
loans held-for-sale measured at lower of cost or fair value											115,088,000	101,251,000		75,447,000	242,847,000	308,206,000
preferred stock, 30,000,000 shares authorized; 2,006,391 shares issued and outstanding at september 30, 2010, december 31, 2009 and september 30, 2009											50,160,000
accumulated other comprehensive income, net of tax expense of 16,856											85,862,000
servicing assets												174,170,000		183,376,000	184,189,000	181,095,000	132,484,000	190,778,000	188,558,000
assets from discontinued operations															3,452,000	12,036,000	968,669,000
liabilities from discontinued operations															13,926,000	12,421,000	180,373,000
preferred stock, 30,000,000 shares authorized; 2,006,391 shares issued and outstanding at june 30, 2010 and december 31, 2009												50,160,000
accumulated other comprehensive income, net of tax expense of 17,744												74,450,000
cash flows from operating activities:
net income													-85,055,000	-124,988,000	-183,182,000	-52,522,000	-668,543,000	24,250,000	103,290,000	36,003,000	74,950,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization of premises and equipment													15,391,000
benefit from loan losses													240,200,000	331,063,000	349,444,000	372,529,000	252,160,000	190,640,000	168,222,000	148,093,000	115,167,000
amortization of intangibles													2,049,000	2,379,000	2,433,000	2,406,000	3,966,000	2,490,000	2,492,000	2,234,000	2,813,000
amortization and fair value adjustments of servicing assets													470,000
amortization of discount on junior subordinated debentures													5,084,000
net gain on sale and valuation adjustments of investment securities													-81,000	-9,059,000	53,705,000	176,146,000	-9,132,000	27,763,000	47,940,000	-3,089,000	1,175,000
gains from changes in fair value related to instruments measured at fair value pursuant to the fair value option
net gain on disposition of premises and equipment													-1,645,000
net income on sale of loan, including adjustments to indemnity reserves and valuation adjustments on loans held-for-sale													12,222,000
net amortization of premiums and accretion of discounts on investments													6,099,000
net amortization of premiums and deferred loan origination fees and costs													1,783,000
earnings from investments under the equity method													-7,716,000
stock options expense
deferred income taxes, net of valuation													-20,168,000
net disbursements on loans held-for-sale													-166,868,000
acquisitions of loans held-for-sale													-59,436,000
proceeds from sale of loans held-for-sale													21,654,000
net decrease in trading securities													221,975,000
net increase in accrued income receivable													-5,163,000
net decrease in other assets													5,592,000
net decrease in interest payable													-16,357,000
net increase in postretirement benefit obligation													1,097,000
net increase in other liabilities													-5,983,000
total adjustments													250,199,000
net cash from operating activities													165,144,000
cash flows from investing activities:
net increase in money market investments													-1,979,000
purchases of investment securities:
available-for-sale													-208,004,000
held-to-maturity													-31,844,000
other													-8,191,000
proceeds from calls, paydowns, maturities and redemptions of investment securities:
proceeds from sale of investment securities available-for-sale
net repayments on loans													398,734,000
proceeds from sale of loans													6,398,000
acquisition of loan portfolios													-39,611,000
mortgage servicing rights purchased													-182,000
acquisition of premises and equipment													-15,049,000
proceeds from sale of premises and equipment													6,707,000
proceeds from sale of foreclosed assets													32,905,000
net cash from investing activities													564,265,000
cash flows from financing activities:
net decrease in deposits													-564,592,000
net decrease in assets sold under agreements to repurchase													-141,284,000
net increase in other short-term borrowings													15,937,000
payments of notes payable													-124,624,000
proceeds from issuance of notes payable
dividends paid
net cash from financing activities													-814,564,000
net decrease in cash and due from banks													-85,155,000
cash and due from banks at beginning of period													677,330,000
cash and due from banks at end of period													592,175,000
note 1 — nature of operations and basis of presentation
note 2 — adoption of new accounting standards and issued but not yet effective accounting standards
note 3 — discontinued operations
note 4 — restrictions on cash and due from banks and certain securities
note 5 — pledged assets
note 6 — investment securities available-for-sale
note 7 — investment securities held-to-maturity
note 8 — transfers of financial assets and mortgage servicing rights
note 9 — other assets
note 10 — goodwill and other intangible assets
note 11 — derivative instruments and hedging activities
note 12 — borrowings
note 13 — trust preferred securities
note 14 — stockholders’ equity
note 15 — commitments, contingencies and guarantees
note 16 — non-consolidated variable interest entities
note 17 — fair value measurement
note 18 — fair value of financial instruments
note 19 — net income per common share
note 20 — other service fees
note 21 — pension and postretirement benefits
note 22 — stock-based compensation
note 23 — income taxes
note 24 — supplemental disclosure on the consolidated statements of cash flows
note 25 — segment reporting
note 26 — subsequent events
note 27 — condensed consolidating financial information of guarantor and issuers of registered guaranteed securities
preferred stock, 30,000,000 shares authorized; 2,006,391 shares issued and outstanding as of september 30, 2009														50,160,000
(accumulated deficit) retained earnings														-69,525,000	-659,165,000	-451,355,000
accumulated other comprehensive loss, net of tax of														-39,223,000	-116,700,000		-91,983,000	-90,448,000		-161,061,000	-274,817,000
interest income:
loans														371,366,000	382,244,000	401,768,000	457,905,000	497,418,000	561,117,000	662,973,000	656,485,000
money market investments														1,510,000	2,381,000	3,133,000	3,447,000	3,476,000	6,728,000	6,807,000	5,752,000
investment securities														74,360,000	75,818,000	73,483,000	84,790,000	83,128,000	94,405,000	109,793,000	113,063,000
trading account securities														7,227,000	10,603,000	10,808,000	9,339,000	16,133,000	18,693,000	10,653,000	9,611,000
interest expense:
deposits														118,941,000	128,452,000	148,039,000	165,611,000	168,045,000	194,940,000	196,825,000	182,730,000
short-term borrowings														16,142,000	16,631,000	20,703,000	37,233,000	42,502,000	65,145,000	113,832,000	119,466,000
long-term debt														42,991,000	42,903,000	47,964,000	28,355,000	51,723,000	63,669,000	119,453,000	111,298,000
net interest income														276,389,000	283,060,000	272,486,000	324,282,000	337,885,000	357,189,000	360,116,000	371,417,000
net interest income after benefit from loan losses														-54,674,000	-66,384,000	-100,043,000	72,122,000	147,245,000	188,967,000	212,023,000	256,250,000
service charges on deposit accounts														54,208,000	53,463,000	53,741,000	52,433,000	51,799,000	51,087,000	49,704,000	48,392,000
other service fees														97,614,000	102,437,000	98,533,000	95,302,000	110,079,000	105,467,000	93,364,000	89,590,000
trading account profit														7,579,000	16,839,000	6,823,000	6,669,000	16,711,000	4,464,000	-2,867,000	10,377,000
gain on sale of loans and valuation adjustments on loans held-for-sale														-8,728,000	-13,453,000	-13,813,000	6,522,000		68,745,000	5,991,000	28,294,000
other operating income														18,430,000	12,848,000	13,301,000	36,134,000	24,595,000	33,292,000	23,902,000	25,547,000
operating expenses:
personnel costs:
salaries														102,822,000	107,079,000	105,323,000	118,948,000	125,423,000	136,709,000	120,810,000	126,950,000
pension and other benefits														27,725,000	29,127,000	39,968,000
net occupancy expenses														28,269,000	26,024,000	26,441,000	26,510,000	26,362,000	34,992,000	29,436,000	26,501,000
equipment expenses														24,983,000	25,202,000	26,104,000	26,305,000	30,724,000	31,998,000	30,688,000	32,245,000
other taxes														13,109,000	13,084,000	13,176,000	13,301,000	13,879,000	13,143,000	13,227,000	11,835,000
professional fees														28,694,000	27,048,000	24,901,000	31,780,000	31,627,000	36,625,000	37,103,000	38,642,000
communications														11,902,000	12,386,000	11,827,000	12,574,000	13,145,000	15,303,000	16,846,000	16,973,000
business promotion														8,905,000	9,946,000	7,910,000	16,216,000	18,251,000	17,216,000	28,560,000	30,369,000
printing and supplies														2,857,000	3,017,000	2,790,000	3,269,000	3,899,000	4,275,000	4,131,000	4,549,000
fdic deposit insurance														16,506,000	36,331,000
gain on early extinguishment of debt														-79,304,000
other operating expenses														31,753,000	38,968,000	43,351,000	40,764,000	45,471,000	41,292,000	32,508,000	32,838,000
income from continuing operations before income tax														-115,230,000	-171,190,000	-69,509,000	-62,865,000
income tax benefit														6,331,000	5,393,000
income from continuing operations														-121,561,000	-176,583,000	-42,576,000	-211,173,000
income from discontinued operations, net of income tax														-3,427,000	-6,599,000
net income applicable to common stock														595,614,000	-207,810,000	-77,200,000	-679,772,000	18,247,000	100,312,000	33,024,000	71,972,000
earnings
earnings (losses) from continuing operations														1,410
losses from discontinued operations														-10	-30		-1,630
net earnings (losses) per common share														1,400
dividends declared per common share																20	80	160	160	160	160
loans measured at fair value pursuant to sfas no. 159:
loans measured at fair value with creditors’ right to repledge
other loans measured at fair value																		799,134,000	870,297,000
notes payable at cost															2,643,722,000	3,399,063,000		3,750,647,000	4,190,169,000
notes payable at fair value pursuant to sfas no. 159																		173,725,000	186,171,000
preferred stock, 30,000,000 shares authorized; 24,410,000 issued and outstanding as of june 30, 2009 and december 31, 2008															1,487,000,000
(losses) earnings per common share — basic and diluted:
(losses) earnings from continuing operations															-710	-240
net (losses) earnings per common share															-740	-270
preferred stock, 30,000,000 shares authorized; 24,410,000 issued and outstanding as of march 31, 2009 and december 31, 2008																1,485,287,000
accumulated other comprehensive																-90,682,000
income tax (benefit) expense																-26,933,000		-31,166,000
income from discontinued operations, net of tax																-9,946,000	-457,370,000
(losses) earnings from discontinued operations																-30
loans held-for-sale measured at lower of cost or market value																	245,134,000	337,552,000	447,097,000
loans held-in-portfolio pledged with creditors’ right to repledge																				160,923,000	195,661,000
other loans																	26,519,805,000	26,636,004,000	26,742,124,000
minority interest in consolidated subsidiaries																	109,000	109,000	109,000	109,000	109,000
preferred stock, 25 liquidation value; 30,000,000 shares authorized; 7,475,000 class a shares issued and outstanding in all periods presented; 16,000,000 class b shares issued and outstanding at september 30, 2008																	586,875,000
pension, profit sharing and other benefits																	29,282,000	36,462,000	38,470,000	31,430,000	37,338,000
income tax expense																	148,308,000		21,137,000
(losses) income from continuing operations																	-790
loans measured at fair value pledged with creditors’ right to repledge																		45,758,000	56,523,000
preferred stock, 25 liquidation value; 30,000,000 shares authorized; 7,475,000 class a shares issued and outstanding in all periods presented; 16,000,000 class b shares issued and outstanding at june 30, 2008																		586,875,000
losses from changes in fair value related to instruments measured at fair value pursuant to sfas no. 159																		-35,922,000	-3,020,000
gain on sale of loans and valuation adjustments on loans held-for- sale																		-1,453,000
income before income tax																		-6,916,000	124,427,000	32,055,000	98,572,000
basic earnings per common share																		60	360	120	260
diluted eps																		60	360	120	260
preferred stock, 25 liquidation value; 30,000,000 shares authorized; 7,475,000 shares issued and outstanding in all periods presented																			186,875,000	186,875,000	186,875,000
accumulated other comprehensive income, net of tax of 19,446																			43,719,000
loans held-for-sale, at lower of cost or market value																				423,303,000	605,990,000
other loans held-in-portfolio																				33,067,301,000	32,274,058,000
impact of change in fiscal period of certain subsidiaries
income tax																				-3,948,000	23,622,000

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