FINANCIAL SNAPSHOT
|
(US$ million, except percentages and per share amounts) |
1Q23 |
4Q22 |
1Q22 |
|
Key Income Statement Highlights |
|||
|
Net Interest Income (“NII”) |
$52.6 |
$49.4 |
$25.7 |
|
Fees and commissions, net |
$4.8 |
$5.3 |
$3.9 |
|
Gain (loss) on financial instruments, net |
$1.7 |
($1.6) |
$0.6 |
|
Total revenues |
$59.2 |
$53.2 |
$30.2 |
|
Provision for credit losses |
($6.3) |
($5.8) |
($8.1) |
|
Operating expenses |
($15.9) |
($16.4) |
($11.0) |
|
Profit for the period |
$37.0 |
$31.0 |
$11.1 |
|
Profitability Ratios |
|||
|
Earnings per Share (“EPS”) (1) |
$1.02 |
$0.85 |
$0.31 |
|
Return on Average Equity (“ROE”) (2) |
13.7 % |
11.6 % |
4.5 % |
|
Return on Average Assets (“ROA”) (3) |
1.6 % |
1.3 % |
0.6 % |
|
Net Interest Margin (“NIM”) (4) |
2.41 % |
2.11 % |
1.32 % |
|
Net Interest Spread (“NIS”) (5) |
1.82 % |
1.63 % |
1.15 % |
|
Efficiency Ratio (6) |
26.9 % |
30.8 % |
36.4 % |
|
Assets, Capital, Liquidity & Credit Quality |
|||
|
Credit Portfolio (7) |
$8,716 |
$8,726 |
$8,412 |
|
Commercial Portfolio (8) |
$7,778 |
$7,706 |
$7,321 |
|
Investment Portfolio |
$938 |
$1,020 |
$1,091 |
|
Total assets |
$9,249 |
$9,284 |
$8,458 |
|
Total equity |
$1,096 |
$1,069 |
$1,005 |
|
Market capitalization (9) |
$633 |
$588 |
$565 |
|
Tier 1 Capital to risk-weighted assets (Basel III – IRB) (10) |
15.3 % |
15.3 % |
16.2 % |
|
Capital Adequacy Ratio (Regulatory) (11) |
13.5 % |
13.2 % |
13.4 % |
|
Total assets / Total equity (times) |
8.4 |
8.7 |
8.4 |
|
Liquid Assets / Total Assets (12) |
14.1 % |
13.7 % |
9.2 % |
|
Credit-impaired loans to Loan Portfolio (13) |
0.5 % |
0.4 % |
0.2 % |
|
Impaired credits (14) to Credit Portfolio |
0.4 % |
0.4 % |
0.1 % |
|
Total allowance for losses to Credit Portfolio (15) |
0.8 % |
0.8 % |
0.7 % |
|
Total allowance for losses to Impaired credits (times) (15) |
2.1 |
1.9 |
5.2 |
