On Jan. 17, Banco Popular
- 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.
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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.
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