Peco
Forumer storico
Popular beats on net interest income - Popular, Inc. (NASDAQ:BPOP) | Seeking Alpha
- Net loss of $102.2 million for the fourth quarter of 2017, reflecting a non-cash income tax expense of $168.4 million, related to the impact of the Federal Tax Cut and Jobs Act on the Corporation’s U.S. deferred tax asset
- Fourth quarter adjusted net income of $66.2 million
- Net income of $107.7 million and adjusted net income of $276.0 million for the year 2017
- Net interest margin of 3.90% in Q4 2017, compared to 3.96% in Q3 2017
- Credit Quality (excluding “covered” loans):
- Non-performing loans held-in-portfolio (“NPLs”) decreased by $35.0 million from Q3 2017; NPLs to loans ratio at 2.3% vs. 2.5% in Q3 2017;
- Net charge-offs (“NCOs”) increased by $40.7 million; NCOs at 1.61% of average loans held-in-portfolio vs. 0.92% in Q3 2017. The fourth quarter results include $31.6 million related to the U.S. taxi medallion portfolio;
- Provision expense of $70.0 million vs. $157.7 million in Q3 2017;
- Allowance for loan losses of $590.2 million vs. $613.9 million in Q3 2017; allowance for loan losses to loans held-in-portfolio at 2.43% vs. 2.65% in Q3 2017; and
- Allowance for loan losses to NPLs at 107.1% vs. 104.8% in Q3 2017.
- Common Equity Tier 1 ratio of 16.30%, Common Equity per Share of $49.51 and Tangible Book Value per Share of $43.02 at December 31, 2017
Tutte le società che hanno accumulato crediti fiscali e detrazioni negli anni precedenti in questa trimestrale devono adeguare le voci alla nuova aliquota fiscale. Queste svalutazioni (non cash charges) hanno un impatto sul utile netto ( i crediti con l’erario devono essere iscritti all’attivo nello stato patrimoniale )
( Attivi fiscali - passivi fiscali) x nuova aliquota del 21% in precedenza x 35%
In pratica Bank Popular nel 4Q. ha avuto un utile di $ 62 milioni