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.
- Income Investor recommendation Banco Popular carries a three-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
4Q 2006 |
4Q 2005 |
Change | |
|---|---|---|---|
|
Total Revenue |
$457.4 |
$524.5 |
(12.8%) |
|
Net Interest Income |
$360.3 |
$361.4 |
(0.3%) |
|
Net Profit |
$59.6 |
$130.2 |
(54.2%) |
|
EPS |
$0.20 |
$0.47 |
(57.4%) |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Net Interest Margin |
3.27% |
3.23% |
0.04% |
|
Efficiency Ratio |
No Data |
No Data |
No Data |
|
Nonperforming Assets / Assets |
1.70% |
1.30% |
0.40% |
|
Return on Average Assets |
0.50% |
1.07% |
(0.57%) |
|
Return on Average Equity |
6.20% |
15.66% |
(9.46%) |
*Expressed in percentage points.
Find out more about bank performance ratios.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Investments* |
$10,600 |
$12,700 |
(16.5%) |
|
Loans |
$32,737 |
$31,710 |
3.2% |
*Includes investment and trading securities.
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Deposits |
$24,438 |
$22,638 |
8.0% |
|
Total Liabilities |
$43,679 |
$44,881 |
(2.7%) |
Learn about bank assets and bank liabilities.
Related Companies:
- W Holdings (NYSE:WHI)
- R&G Financial (NYSE:RGF)
- Doral Financial (NYSE:DRL)
- 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.
