PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Banco Popular, National Association

Orlando, FL · Cert 35208

FDIC

Q3 2008

$76.3MAssets
$5.3MLoans
n/aDeposits
$45.1MEquity

NIM

3.06%Q3 ’062.88%Q3 ’072.56%Q3 ’08-8%+22%

Non-interest income vs. expense

22.76%Q3 ’0622.91%Q3 ’0720.58%Q3 ’08-17%+30%

Executive Summary

  • Earnings: ROA of 4.40%, down 123 bps year over year; NIM at 2.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.15%.

Financial Results

Return on Assets (quarter, annualized)

4.40%-123 bps YoY

Net Interest Margin (quarter, annualized)

2.27%+41 bps YoY

Efficiency Ratio (quarter, annualized)

70.91%+214 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets5.63%6.39%3.53%7.21%4.40%-123 bps
Return on Equity12.79%13.98%7.21%14.11%8.08%-471 bps
Net Interest Margin1.86%2.19%2.34%2.29%2.27%+41 bps
Efficiency Ratio68.77%65.33%78.21%62.71%70.91%+214 bps
Non-Interest Burden-8.00%-8.43%-3.49%-9.63%-5.64%+237 bps
Growth
Asset Growth (YoY)-30.54%-40.52%-0.15%-42.90%-46.70%-1,615 bps
Loan Growth (YoY)-38.10%-39.16%-37.01%-45.45%-60.27%-2,217 bps
Deposit Growth (YoY)n/an/an/an/an/an/an/a
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.96%-0.12%-0.07%0.56%-0.15%-211 bps
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital113.03%121.51%136.15%141.82%169.90%+5,687 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Depositsn/an/an/an/an/an/an/a
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a