Philadelphia, PA · Cert 27332
FDIC · 35 branches
Q4 2023
Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2023 SOD (annual) · 0.7% share · #15 of 95 inst. · $4.4B of $598.3B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.48% | 0.57% | 0.49% | 0.20% | -0.65% | -0.66% | -0.65% | -0.71% | -91 bps | |
| Return on Equity | 9.07% | 11.80% | 10.95% | 4.97% | -29.21% | -30.29% | -33.16% | -36.61% | -4,158 bps | |
| Net Interest Margin | 2.46% | 2.49% | 2.45% | 2.39% | 1.43% | 1.33% | 1.16% | 1.07% | -132 bps | |
| Efficiency Ratio | 75.48% | 71.12% | 72.91% | 75.60% | 122.50% | 126.78% | 131.62% | 145.34% | +6,974 bps | |
| Non-Interest Burden | 1.74% | 1.64% | 1.67% | 1.72% | 1.84% | 1.79% | 1.67% | 1.72% | -1 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.64% | 8.86% | 10.94% | 6.34% | 6.90% | 1.87% | 5.35% | -1.77% | -811 bps | |
| Loan Growth (YoY) | -6.15% | 8.88% | 22.18% | 24.58% | 22.79% | 14.61% | 0.23% | -3.12% | -2,770 bps | |
| Deposit Growth (YoY) | 21.16% | 14.20% | 5.54% | -3.49% | -8.17% | -10.00% | -15.60% | -12.76% | -927 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.48% | 0.53% | 0.50% | 0.55% | 0.59% | 0.55% | 0.59% | 0.67% | +12 bps | |
| Net Charge-Offs / Loans | 0.01% | 0.22% | 0.12% | 0.08% | 0.00% | 0.00% | 0.00% | 0.01% | -8 bps | |
| Allowance / Loans | 0.90% | 0.76% | 0.82% | 0.83% | 0.84% | 0.91% | 0.92% | 0.80% | -3 bps | |
| Allowance Coverage of NPLs | 1.9x | 1.4x | 1.6x | 1.5x | 1.4x | 1.7x | 1.6x | 1.2x | -0.3x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 5.81% | 5.80% | 5.64% | 5.27% | 5.12% | 5.03% | 4.65% | 4.43% | -84 bps | |
| Total Risk-Based Capital | 11.23% | 10.81% | 10.22% | 10.20% | 9.93% | 9.86% | 9.94% | 9.59% | -61 bps | |
| Equity / Assets | 4.82% | 4.06% | 3.20% | 2.20% | 2.28% | 2.09% | 1.34% | 1.78% | -41 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 48.30% | 52.95% | 58.47% | 62.64% | 64.58% | 67.44% | 69.44% | 69.57% | +692 bps | |
| Liquid Assets / Assets | 30.51% | 28.58% | 26.72% | 27.88% | 29.13% | 28.25% | 34.09% | 29.75% | +187 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |