Stock Monitor: HDFC Bank Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 26, 2018 / Active-Investors.com has just released a free earnings report on Popular, Inc. (NASDAQ: BPOP). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BPOP. The Company posted its financial results on January 23, 2018, for the fourth quarter fiscal 2017 (Q4 FY17) and full fiscal year 2017 (FY17). The San Juan, Puerto Rico-based Company's net interest income and non-performing loans held-in-portfolio improved on a y-o-y basis. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for HDFC Bank Limited (NYSE: HDB), which also belongs to the Financial sector as the Company Popular. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=HDB

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Popular most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=BPOP

Earnings Highlights and Summary

During Q4 FY17, Popular's net interest income grew to $387.22 million from $355.41 million in Q4 FY16. The Company's net interest income after provision for loan losses also improved to $315.73 million in Q4 FY17 from $314.04 million in Q4 FY16. Meanwhile, other non-interest income stood at $83.52 million for the reported quarter compared to $130.16 million in the last year's same quarter.

The Company reported a net loss applicable to common stock of $103.09 million, or $1.01 per diluted share, in Q4 FY17 compared to net loss applicable to common stock of $5.04 million, or $0.06 per diluted share, in Q4 FY16. Adjusting for the impact from tax, the Company posted an adjusted net income of $66.20 million.

In the full year FY17, Popular's net interest income increased to $1.50 billion from $1.42 billion in FY16. The Company's other non-interest income came in at $429.23 million during FY17 compared to $505.72 million in the previous year. Furthermore, net income applicable to common stock came in at $103.96 million, or $1.02 per diluted share, during FY17 versus $212.97 million, or $2.05 per diluted share in FY16.

Earnings Metrics

The Company reported a negative return on average assets of 0.94% in Q4 FY17 versus a negative return of 0.04% in the prior year's comparable quarter. The Company also posted a negative return on average common equity of 7.67% in Q4 FY17 compared to a negative return on average common equity of 0.38% in Q4 FY16. Furthermore, the Company's net interest margin was 3.90% during Q4 FY17 versus 4.02% in Q4 FY16.

The Company's non-GAAP tangible common equity to tangible assets ratio was 10.07% at December 31, 2017, compared to 11.78% at December 31, 2016. During Q4 FY17, non-GAAP tangible common book value per common share was $43.02 versus $43.12 in the prior year's corresponding quarter. As on December 31, 2017, common equity tier 1 ratio was 16.30% compared to 16.48% as on December 31, 2016.

Balance Sheet Analyzed

Popular's average total interest earnings assets balance was $39.50 billion at the end of Q4 FY17 compared to $35.26 billion at the end of Q4 FY16. The yield on the average total interest earnings assets stood at 4.49% in Q4 FY17 compared to 4.65% in Q4 FY16. The Company's average total interest-bearing deposits were $27.03 billion as on December 31, 2017, versus $23.66 billion recorded as on December 31, 2016. The Company's rate on average total interest-bearing deposits was 0.54% in Q4 FY17 compared to 0.58% in Q4 FY16. Additionally, net interest spread stood at 3.69% in the reported quarter compared to 3.79% in the last year's same quarter.

The Company had total non-performing assets of $743.17 million at December 31, 2017, which came in lower than the $774.40 million reported at December 31, 2016. Non-performing loans held-in-portfolio to loans held-in-portfolio ratio was 2.27% at December 31, 2017, compared to 2.45% at December 31, 2016.

Stock Performance Snapshot

January 25, 2018 - At Thursday's closing bell, Popular's stock dropped 1.87%, ending the trading session at $40.37.

Volume traded for the day: 925.19 thousand shares.

Stock performance in the last month ? up 10.03%; previous three-month period ? up 24.56%; and year-to-date ? up 13.75%

After yesterday's close, Popular's market cap was at $4.10 billion.

Price to Earnings (P/E) ratio was at 20.55.

The stock has a dividend yield of 2.48%.

The stock is part of the Financial sector, categorized under the Foreign Regional Banks industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors