PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Erie Insurance Exchange

Erie, PA · Charter 63648

NCUA · 4 branches

Q3 2024

$132.9MAssets
$69.3MLoans
$122.7MShares
$11.3MNet Worth

Executive Summary

  • Earnings: ROA of 0.42%, down 12 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.38% of loans (-33 bps YoY).
  • Capital: net worth / assets of 8.54%, up 43 bps from a year ago.
  • Funding: loans stand at 56.48% of shares as of Q3 2024.

Return on Assets (YTD, annualized)

0.42%-12 bps YoY

Net Interest Margin (YTD, annualized)

3.10%+2 bps YoY

Efficiency Ratio (YTD, annualized)

84.93%+485 bps YoY

Net Worth / Assets

8.54%+43 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.21%0.38%0.50%0.54%0.53%0.23%0.36%0.42%-12 bps
Return on Equity2.92%5.22%6.61%6.60%6.43%2.81%4.32%4.92%-168 bps
Net Interest Margin2.61%2.73%2.89%3.08%3.09%2.97%3.03%3.10%+2 bps
Efficiency Ratio85.82%84.08%80.17%80.08%82.18%87.93%86.28%84.93%+485 bps
Growth
Asset Growth (YoY)1.08%-1.53%-0.05%-6.62%-6.29%-4.56%-4.35%-0.66%+596 bps
Loan Growth (YoY)24.16%21.82%8.51%4.97%0.16%-0.29%0.77%-1.15%-611 bps
Share Growth (YoY)2.87%0.54%0.89%-7.37%-8.04%-6.31%-5.54%-2.88%+448 bps
Asset Quality
Delinquent Loans / Loans0.31%0.44%0.38%0.71%0.51%0.63%0.47%0.38%-33 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.56%0.62%0.77%0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital7.28%7.27%7.54%8.11%8.27%8.07%8.25%8.54%+43 bps
Net Worth / Assets7.28%7.27%7.54%8.11%8.27%8.07%8.25%8.54%+43 bps
Liquidity & Funding
Loans / Shares53.18%51.53%52.02%55.49%57.92%54.84%55.49%56.48%+99 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps