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Motley Fool Contributors
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January 18, 2007
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On Jan. 17, Banco Popular (Nasdaq: BPOP ) released fourth-quarter earnings for the period ended Dec. 31, 2006.
- Net income dropped 54%, primarily because of weak nonprime mortgage operations and unfavorable economic conditions in Puerto Rico.
- The company took some charges as it tries to restructure its U.S. consumer finance business.
- Non-performing assets rose to 1.7% of total assets.
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Income Investor recommendation Banco Popular carries a three-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
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4Q 2006
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4Q 2005
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Change
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Total Revenue
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$457.4
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$524.5
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(12.8%)
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Net Interest Income
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$360.3
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$361.4
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(0.3%)
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Net Profit
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$59.6
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$130.2
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(54.2%)
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EPS
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$0.20
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$0.47
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(57.4%)
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Get back to basics with a look at the income statement.
Ratio Checkup
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Q4 2006
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Q4 2005
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Change*
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Net Interest Margin
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3.27%
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3.23%
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0.04%
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Efficiency Ratio
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No Data
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No Data
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No Data
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Nonperforming Assets / Assets
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1.70%
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1.30%
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0.40%
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Return on Average Assets
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0.50%
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1.07%
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(0.57%)
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Return on Average Equity
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6.20%
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15.66%
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(9.46%)
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*Expressed in percentage points.
Find out more about bank performance ratios.
Balance Sheet Highlights
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Assets
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Q4 2006
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Q4 2005
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Change
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Investments*
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$10,600
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$12,700
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(16.5%)
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Loans
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$32,737
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$31,710
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3.2%
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*Includes investment and trading securities.
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Liabilities
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Q4 2006
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Q4 2005
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Change
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Deposits
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$24,438
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$22,638
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8.0%
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Total Liabilities
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$43,679
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$44,881
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(2.7%)
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Learn about bank assets and bank liabilities.
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Doral Financial (NYSE: DRL )
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First Bancorp (NYSE: FBP )
-
Mercantile Bank (Nasdaq: MBWM )
Related Foolishness:
To see why Banco Popular is so popular with Income Investor subscribers, you can take a 30-day free trial of the newsletter. Doral Financial is a former Inside Value pick.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
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