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Banco Bilbao Vizcaya Argentaria Puerto Rico

San Juan, PR · Cert 19919

FDIC

Q3 2012

$5.0BAssets
$3.7BLoans
$3.4BDeposits
$616.6MEquity
Loan mix
39%RE $1.0B14%C&I $0.4B47%Consumer $1.2BQ3 2011Q3 2012
Deposit mix
79%Interest-bearing $2.7B21%Noninterest $0.7BQ3 2011Q3 2012

NIM

5.05%Q3 ’104.93%Q3 ’114.95%Q3 ’12+2%+11%

Non-interest income vs. expense

2.39%Q3 ’102.51%Q3 ’112.52%Q3 ’12+14%+9%

Executive Summary

  • Earnings: ROA of 0.81%, up 13 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.38%.
  • Funding: loans stand at 107.46% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

0.81%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.60%+36 bps YoY

Efficiency Ratio (YTD, annualized)

60.11%-303 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.68%0.65%0.67%0.76%0.81%+13 bps
Return on Equity5.90%5.67%5.81%6.48%6.77%+87 bps
Net Interest Margin3.24%3.32%3.51%3.39%3.60%+36 bps
Efficiency Ratio63.14%63.16%61.18%61.25%60.11%-303 bps
Non-Interest Burden1.78%1.85%1.87%1.84%1.93%+15 bps
Growth
Asset Growth (YoY)-3.75%3.81%6.39%2.00%1.92%+567 bps
Loan Growth (YoY)-1.60%3.93%4.55%5.91%5.24%+684 bps
Deposit Growth (YoY)0.99%9.10%11.71%17.91%16.90%+1,591 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.72%1.69%1.00%1.07%1.38%-34 bps
Allowance / Loans4.04%3.57%3.58%3.48%3.20%-84 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital14.94%14.64%14.85%15.33%15.62%+68 bps
Equity / Assets11.90%11.69%11.46%12.05%12.43%+53 bps
Liquidity & Funding
Loans / Deposits119.37%124.49%113.02%107.07%107.46%-1,191 bps
Liquid Assets / Assets0.77%0.11%6.31%5.58%5.77%+500 bps
CRE / Total Capitaln/an/an/an/an/an/an/a