Financial Highlights

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 Fourth Quarter 2018 Financial Results

Opus Bank Reports Fourth Quarter 2018 Results
Financial Highlights
2019 FQ1 YTD
3/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Balance Sheet ($000)
Total Assets 7,687,905 7,180,903 7,486,809 7,882,563 6,649,833
Total Net Loans 5,403,017 5,110,546 5,097,263 5,557,657 5,451,657
Total Deposits 6,076,766 5,951,888 5,943,938 6,681,761 5,307,048
Equity Attributable to Parent Company 1,048,106 1,040,813 1,023,464 925,935 867,038
Total Equity 1,048,106 1,040,813 1,023,464 925,935 867,038
Profitability (%)
Net Income($000) 10,861 30,918 47,643 11,454 59,943
Net Income Attributable to Parent($000) 10,861 30,918 47,643 11,454 59,943
ROAA 0.59 0.43 0.63 0.16 1.03
Core ROAA 0.73 0.73 0.78 0.26 1.06
ROAE 4.13 2.99 4.76 1.22 7.15
ROATCE 7.08 5.44 8.30 2.45 10.97
Core ROAE 5.09 5.10 5.94 2.02 7.38
Net Interest Margin 3.10 3.08 3.17 3.62 3.95
Reported: Net Interest Margin 3.15 3.08 3.17 3.62 3.95
Efficiency Ratio 67.95 66.01 66.74 49.68 45.85
Noninterest Inc/ Operating Rev 18.43 20.14 21.07 20.34 10.27
Balance Sheet Ratios (%)
Loans/ Deposits 89.88 86.78 87.03 84.84 103.56
Securities/ Assets 14.68 15.54 15.52 8.71 2.54
Total Equity/ Total Assets 13.63 14.49 13.67 11.75 13.04
Tangible Equity/ Tangible Assets 9.27 9.84 9.10 7.25 9.33
Tang Common Equity/ Tang Assets 8.88 9.41 8.69 7.24 9.32
Asset Quality (%)
NPAs/ Assets 0.30 0.39 0.78 1.21 0.37
NPA Excl Restructured/ Assets 0.30 0.39 0.78 1.21 0.37
NPAs & 90+ PD/ Assets 0.30 0.40 0.78 1.22 0.37
NPAs/ Loans & REO 0.43 0.54 1.13 1.68 0.45
Nonaccrual & 90+ & OREO/ Assets 0.30 0.40 0.78 1.21 0.37
NPAs & 90+ PD/ Loans & REO 0.43 0.55 1.13 1.69 0.45
NPA & Loans 90+/ Tangible Common Equity + LLR 3.29 4.10 8.46 14.65 3.90
NCOs/ Avg Loans (0.12) 0.79 0.51 0.98 0.08
Loan Loss Reserves/ Gross Loans 1.07 1.06 1.47 1.97 0.80
Reserves/ NPAs 250.68 195.12 129.99 116.95 179.58
Loan Loss Provision/ NCO NM 47.96 (33.10) 214.95 646.31
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 657,723 640,171 632,568 561,840 585,772
Tier 1 Capital($000) 686,833 669,281 660,143 561,840 585,772
Tier 2 Capital($000) 192,918 189,019 205,073 211,405 45,427
Total Capital($000) 879,751 858,300 865,216 773,245 631,199
Total Risk-weighted Assets($000) 5,925,361 5,614,428 5,779,574 6,275,075 5,417,643
Tier 1 Common Capital (CET1) Ratio(%) 11.10 11.40 10.94 8.95 10.81
Tier 1 Ratio(%) 11.59 11.92 11.42 8.95 10.81
Total Capital Ratio(%) 14.85 15.29 14.97 12.32 11.65
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.86 9.69 9.44 7.54 9.59
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 36,178,980 36,060,375 35,915,159 34,277,121 32,500,191
Avg Diluted Shares(actual) 38,133,705 38,270,650 37,770,993 35,103,431 33,448,090
Basic Book Value per Share 28.17 28.06 27.69 27 26.66
Book Value per Share, As Reported 28.17 28.06 27.31 26.99 26.65
Basic Tangible Book Value per Share 17.96 17.77 17.20 15.84 18.28
Tangible Book Value per Share, As Reported 17.96 17.77 17.26 15.84 18.28
Common Dividends Declared per Share 0.11 0.43 0 0.53 0.34
EPS after Extra 0.28 0.81 1.26 0.33 1.79
EPS after Extra Growth(%) (17.60) (35.70) 281.80 (81.60) 29.70
Core EPS 0.34 1.38 1.57 0.54 1.85
Core EPS Growth(%) (10) (12.30) 189.40 (70.60) 37.90
Diluted EPS before Amortization 0.32 0.96 1.42 0.47 1.86
Pre-Provision Earnings per Share 0.37 1.63 1.38 2.78 2.39
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