Tough Times in Puerto Rico: Fool by Numbers

On April 19, Puerto Rican banking company Popular (NYSE: BPOP) released first-quarter earnings for the period ended March 31.

• 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%)

*Expressed in percentage points.

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:

• Free Mortgage? Look Again
• JPMorgan Chase: Discounted at Retail
• SunTrust to Take Scalpel to Expenses

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.