Popular, Inc. · NASDAQ:BPOP
Popular — Stern Agee Financial Services Symposium 2010
15 slides from Popular's conference presentation, Feb 9, 2010
Slide 1: Investor Presentation - Stern Agee Financial Services Symposium
Investor Presentation Stern Agee-Financial Services Symposium February 9th, 2010 Exhibit 99.1
Slide 2: Forward Looking Statements
Forward Looking Statements Statements contained in this Presentation that are not based on current or historical fact are forward-looking in nature. Such forward-looking statements are based on current plans, estimates and expectations and are made pursuant to the Private Securities Litigation Refor
Slide 3: Q4 & Full Year Results
Q4 & Full Year Results 1 Includes exchange offer results in Q3 2009.
Slide 4: U.S. Business Results and Restructuring
Q4 09 FY 2009 Q3 09 Net Interest Income $81 $315 $78 Provision for loan losses (216) (782) (178) Non Interest Income 14 30 6 Expenses (66) (314) (73) Taxes 19 25 (3) Loss from discontinued operations (3) Net Loss ($168) ($726) ($173) Assets $10,847 $10,847 $11,443 Loans 8,677 8,677 9,004 Deposits 8,
Slide 5: P.R. Business
P.R. Business In Q1, a gain on sale of securities of $182.7 million was realized. The substantial provision for loan losses in 2009 was driven by the impact of the multi-year P.R. recession on credit quality. Commercial credit and construction loans have been the portfolios most affected by the slow
Slide 6: Banking and Non-Banking Operations
Banking Operations Non-Banking Operations Leading financial institution in the Caribbean with 173 Branches in Puerto Rico, 8 in the Virgin Islands and 62 non-banking offices throughout P.R. and Virgin Islands. Approximately 1.4 million clients 605 ATM and 27,162 POS throughout PR & VI $22.4 billion
Slide 7: IT Business—EVERTEC
6 IT Business—EVERTEC Main lines of business: Transaction processing- ATH Network Payment and item processing Business Solutions: Business processing outsourcing Network services Software development & hardware sales and consulting Overview Continue developing EVERTEC as a complete processing and IT
Slide 8: Briefing – P.R. Economy
Briefing – P.R. Economy Bottom line: Recession expected to continue in 2010 Economy contracted 3.7% in FY ‘09 Sectors to watch: Impact of recently announced public-sector layoffs Government announced layoffs of 14,500; approx. 11,700 are expected to take place in Q1 2010 Housing market Fiscal Update
Slide 9: Credit Summary
Credit Summary *Excludes Loans Held for Sale
Slide 10: Liquidity
Liquidity Banking subsidiary liquidity- strong: No short-term unsecured borrowings as of Q4 09. There were $6.4 billion in strong sources of liquidity available: Fed Discount Window: $2.9 billion Unpledged securities: $2.2 billion Money market investments: $624 million FHLB availability: $777 millio
Slide 11: Capital Levels
10 Capital Levels As of 12-31-2009 Tier 1 Capital Total Capital Tier 1 Common Leverage
Slide 12: Operating Results: PR vs. US
11 Operating Results: PR vs. US PR US NET INCOME (In millions) The capital depletion incurred since 2007 has been related to the U.S. expansion, which substantially exposed the Corporation to residential real estate in the midst of a sharp recession. $
Slide 13: Core Revenue Generation
12 Core Revenue Generation Despite the weak P.R. economy, core revenues have remained relatively unaffected by the cycle, which should bode well for profitability when credit costs in our home market normalize. PR Popular, Inc. $ In thousands $ In thousands
Slide 14: Recap
13 Recap By 2006, the Corporation had substantial exposure to the real estate market in the U.S. and P.R., which exposed it to the decline in asset prices triggered by the real estate bust in the U.S. and a prolonged recession in P.R. High levels of loan loss provisioning and losses on asset sales r
Slide 15: Popular
f] POPULAR
Popular — Stern Agee Financial Services Symposium 2010 on 6ix