Bridgeport, CT · Cert 27334
FDIC · 427 branches
Q1 2022
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2022, the quarter ended March 31, 2022, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Bridgeport, CT · Cert 27334
FDIC · 427 branches
Q1 2022
Market Position · Bridgeport-Stamford-Norwalk, CT · 2021 SOD (annual) · 24.0% share · #1 of 28 inst. · $14.9B of $62.2B
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 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.77% | 0.85% | 0.40% | 0.97% | 1.05% | 1.01% | 1.00% | 0.14% | -84 bps | |
| Return on Equity | 5.94% | 6.50% | 3.10% | 8.09% | 8.63% | 8.29% | 8.22% | 1.17% | -693 bps | |
| Net Interest Margin | 2.83% | 2.83% | 2.74% | 2.61% | 2.60% | 2.57% | 2.49% | 2.36% | -25 bps | |
| Efficiency Ratio | 58.30% | 57.67% | 55.58% | 60.44% | 60.17% | 59.43% | 59.00% | 88.85% | +2,841 bps | |
| Non-Interest Burden | 1.38% | 1.37% | 1.78% | 1.38% | 1.35% | 1.31% | 1.25% | 2.01% | +64 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 19.26% | 16.95% | 7.75% | 6.20% | 2.94% | 4.73% | 2.55% | -1.83% | -803 bps | |
| Loan Growth (YoY) | 17.88% | 16.57% | -0.43% | -3.38% | -9.15% | -12.65% | -13.86% | -15.19% | -1,181 bps | |
| Deposit Growth (YoY) | 26.05% | 28.28% | 19.18% | 19.53% | 5.46% | 6.70% | 3.40% | -0.40% | -1,993 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.65% | 0.68% | 0.75% | 0.83% | 0.79% | 0.81% | 0.77% | 0.85% | +2 bps | |
| Net Charge-Offs / Loans | 0.08% | 0.11% | 0.11% | 0.12% | 0.11% | 0.10% | 0.09% | 0.01% | -11 bps | |
| Allowance / Loans | 0.91% | 0.94% | 0.97% | 0.93% | 0.84% | 0.89% | 0.91% | 0.94% | +1 bps | |
| Allowance Coverage of NPLs | 1.4x | 1.4x | 1.3x | 1.1x | 1.1x | 1.1x | 1.2x | 1.1x | 0.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.46% | 8.68% | 8.66% | 8.69% | 8.78% | 8.77% | 8.64% | 8.53% | -16 bps | |
| Total Risk-Based Capital | 12.30% | 12.30% | 12.76% | 13.45% | 13.54% | 13.63% | 13.98% | 14.04% | +59 bps | |
| Equity / Assets | 12.77% | 13.02% | 12.09% | 11.97% | 12.31% | 12.15% | 12.06% | 11.67% | -30 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 90.65% | 90.51% | 83.77% | 79.64% | 78.09% | 74.10% | 69.79% | 67.81% | -1,183 bps | |
| Liquid Assets / Assets | 7.85% | 7.18% | 12.33% | 14.08% | 14.66% | 18.34% | 21.87% | 20.55% | +646 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |