On April 19, Puerto Rican banking company Popular
- Revenues declined by 5.3% on lower net interest income and higher provision for loan losses.
- The increase in the consumer loans net charge-offs to average loans ratio was associated with higher delinquencies in Puerto Rico and the growth in unsecured consumer loans, primarily personal loans and credit cards.
- Read Nate Parmelee's Foolish take for more analysis on the quarter.
-
Income Investor recommendation Popular has a four-star CAPS rating, while disheveled Puerto Rican competitor Doral
(NYSE:DRL) has a one-star rating.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Total Revenue |
$510.8 |
$539.7 |
(5.3%) |
|
Net Interest Income |
$355.0 |
$359.8 |
(1.3%) |
|
Net Profit |
$118.6 |
$118.5 |
0.1% |
|
EPS |
$0.41 |
$0.42 |
(2.4%) |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Net Interest Margin |
3.23% |
3.15% |
0.08% |
|
Efficiency Ratio |
No Data |
No Data |
No Data |
|
Nonperforming Assets / Assets |
1.82% |
1.37% |
0.45% |
|
Return on Average Assets |
1.02% |
1.02% |
0.00% |
|
Return on Average Equity |
12.91% |
14.04% |
(1.13%) |
Find out more about bank performance ratios.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Investments |
No Data |
No Data |
No Data |
|
Loans |
$32,881 |
$31,430 |
4.6% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Deposits |
$24,738 |
$23,412 |
5.7% |
|
Total Liabilities |
$43,428 |
$45,104 |
(3.7%) |
Learn about bank assets and bank liabilities.
Related Foolishness:
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.
