PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Banco Financiero de Puerto Rico

Ponce, PR · Cert 22302

FDIC

Q3 2002

$87.1MAssets
$73.1MLoans
$83.9MDeposits
$2.4MEquity
Loan mix
50%RE $12.5M48%C&I $12.1M1%Consumer $0.3MQ3 2001Q3 2002
Deposit mix
93%Interest-bearing $78.5M7%Noninterest $5.5MQ3 2001Q3 2002

NIM

9.07%Q1 ’018.65%Q3 ’018.47%Q3 ’02-6%+27%

Non-interest income vs. expense

4.63%Q1 ’014.75%Q3 ’015.82%Q3 ’02+5%+22%

Executive Summary

  • Earnings: ROA of -0.86%, up 26 bps year over year; NIM at 4.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.42%.
  • Funding: loans stand at 87.11% of deposits as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

-0.86%+26 bps YoY

Net Interest Margin (YTD, annualized)

4.55%+98 bps YoY

Efficiency Ratio (YTD, annualized)

117.86%-455 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets-1.12%-1.69%-1.13%-0.78%-0.86%+26 bps
Return on Equityn/an/a-32.38%-23.75%-27.50%n/a
Net Interest Margin3.57%3.50%4.41%4.54%4.55%+98 bps
Efficiency Ratio122.41%134.29%124.33%116.24%117.86%-455 bps
Non-Interest Burden4.44%4.81%5.54%5.33%5.44%+99 bps
Growth
Asset Growth (YoY)11.96%7.97%-0.83%-0.80%-7.37%-1,933 bps
Loan Growth (YoY)-4.23%17.99%13.67%22.37%13.06%+1,730 bps
Deposit Growth (YoY)12.67%10.33%2.55%2.27%-4.63%-1,730 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.17%0.86%0.14%1.05%1.42%+25 bps
Allowance / Loans1.63%1.46%2.04%1.43%1.04%-59 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 Capital8.75%6.48%4.92%4.71%4.35%-440 bps
Equity / Assets4.96%4.14%2.82%2.85%2.71%-225 bps
Liquidity & Funding
Loans / Deposits73.48%86.73%87.58%91.48%87.11%+1,363 bps
Liquid Assets / Assets2.36%0.42%1.50%0.37%1.57%-79 bps
CRE / Total Capitaln/an/an/an/an/an/an/a