PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Eurobank

Hato Rey, PR · Cert 27150

FDIC

Q1 2010

$2.5BAssets
$1.5BLoans
$1.9BDeposits
$101.0MEquity
Loan mix
86%RE $1.0B13%C&I $0.2B1%Consumer $0.0BQ1 2009Q1 2010
Deposit mix
95%Interest-bearing $1.8B5%Noninterest $0.1BQ1 2009Q1 2010

NIM

6.23%Q1 ’085.14%Q1 ’094.23%Q1 ’10-11%-28%

Non-interest income vs. expense

1.93%Q1 ’081.76%Q1 ’092.30%Q1 ’10-2%+35%

Executive Summary

  • Earnings: ROA of -0.59%, down 105 bps year over year; NIM at 1.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.89%.
  • Funding: loans stand at 81.58% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-0.59%-105 bps YoY

Net Interest Margin (quarter, annualized)

1.46%-57 bps YoY

Efficiency Ratio (quarter, annualized)

121.57%+4,831 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.46%1-1.60%-1.04%-8.31%-0.59%-105 bps
Return on Equity7.70%-27.56%-18.06%-173.55%-14.92%-2,262 bps
Net Interest Margin2.03%1.68%1.52%1.02%1.46%-57 bps
Efficiency Ratio73.27%114.17%104.93%155.89%121.57%+4,831 bps
Non-Interest Burden1.39%1.96%1.61%1.79%1.87%+48 bps
Growth
Asset Growth (YoY)3.83%-3.23%0.82%-10.43%-15.40%-1,924 bps
Loan Growth (YoY)-5.62%-7.89%-9.91%-12.67%-12.31%-669 bps
Deposit Growth (YoY)12.33%1.39%6.24%-5.47%-15.76%-2,809 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.32%3.02%4.29%6.23%0.89%-43 bps
Allowance / Loans1.68%1.71%1.80%2.15%2.14%+47 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 Capital10.14%9.71%10.06%8.39%8.28%-186 bps
Equity / Assets5.79%5.85%5.67%3.82%4.12%-168 bps
Liquidity & Funding
Loans / Deposits78.38%81.55%75.19%78.50%81.58%+321 bps
Liquid Assets / Assets12.10%11.68%8.73%2.67%4.80%-730 bps
CRE / Total Capitaln/an/an/an/an/an/an/a