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Scotiabank de Puerto Rico

Hato Rey, PR · Cert 22946

FDIC · 19 branches

Q3 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2019, the quarter ended September 30, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Scotiabank de Puerto Rico

Hato Rey, PR · Cert 22946

FDIC · 19 branches

Q3 2019

$3.5BAssets
$2.1BLoans
$2.7BDeposits
$726.5MEquity
Loan mix
75%RE $1.5B12%C&I $0.2B13%Consumer $0.3BQ3 2018Q3 2019
Deposit mix
80%Interest-bearing $2.1B20%Noninterest $0.5BQ3 2018Q3 2019

NIM

4.93%Q3 ’174.55%Q3 ’184.64%Q3 ’19-10%+1%

Non-interest income vs. expense

3.77%Q3 ’173.75%Q3 ’183.21%Q3 ’19-9%-44%

Market Position · San Juan-Bayamon-Caguas, PR · 2019 SOD (annual) · 3.6% share · #6 of 7 inst. · $2.4B of $66.7B

2.2% San Juan
10.4% Bayamon
10.5% Guaynabo
12.3% Carolina

Executive Summary

  • Earnings: ROA of 1.80%, up 95 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 13.19% of loans (-167 bps YoY), with net charge-offs at 0.18%.
  • Capital: tier 1 leverage ratio of 20.55%, down 132 bps from a year ago.
  • Funding: loans stand at 79.69% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

1.80%+95 bps YoY

Net Interest Margin (YTD, annualized)

4.13%+4 bps YoY

Efficiency Ratio (YTD, annualized)

54.91%-1,708 bps YoY

Tier 1 Leverage Ratio

20.55%-132 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.85%2.30%1.06%1.25%1.80%+95 bps
Return on Equity4.03%10.59%4.34%5.45%8.02%+400 bps
Net Interest Margin4.09%4.09%3.71%3.84%4.13%+4 bps
Efficiency Ratio72.00%56.26%63.79%66.11%54.91%-1,708 bps
Non-Interest Burden2.68%1.24%1.90%2.12%1.51%-117 bps
Growth
Asset Growth (YoY)-1.03%-2.15%-5.70%-14.21%-14.91%-1,388 bps
Loan Growth (YoY)-10.16%-11.01%-14.40%-17.55%-16.75%-658 bps
Deposit Growth (YoY)-1.22%-6.54%-10.91%-10.40%-11.51%-1,029 bps
Asset Quality
Nonperforming Loans / Loans14.86%15.27%13.86%13.54%13.19%-167 bps
Net Charge-Offs / Loans0.44%0.34%0.30%0.30%0.18%-26 bps
Allowance / Loans9.13%9.86%5.05%5.02%5.06%-408 bps
Allowance Coverage of NPLs0.6x0.6x0.4x0.4x0.4x-0.2x
Capital
Tier 1 Leverage Ratio21.87%23.97%24.65%17.99%20.55%-132 bps
Total Risk-Based Capital51.58%57.02%58.85%44.28%41.20%-1,038 bps
Equity / Assets21.68%23.93%25.08%19.62%20.71%-97 bps
Liquidity & Funding
Loans / Deposits84.70%85.61%81.58%80.47%79.69%-501 bps
Liquid Assets / Assets9.65%9.33%9.45%5.31%13.25%+360 bps
CRE / Total Capitaln/an/an/an/an/an/an/a