How do you interpret consolidation eliminations — FDIC loss share income?

Fluctuations reflect the timing and volume of loss-share agreements being reconciled between internal business units.

How does consolidation eliminations — FDIC loss share income compare across companies?

Common in banks that have acquired failed institutions through FDIC-assisted transactions.

Popular BPOP Consolidation Eliminations — FDIC Loss Share Income

Discontinued — last reported Q3 '18

Similar metrics at other companies

FCF

FCFSConsolidation Eliminations — Net Income Loss

-$39.46M-78.0%

AMHConsolidation Eliminations — Comprehensive Income Loss Net Of Tax Available For Common Shareholders

-$42.41M-31.5%

CDWConsolidation Eliminations — Net Income Loss

-$305M-63.0%

GLPIConsolidation Eliminations — Net Income Loss

-$114.89M-2.6%

CLHConsolidation Eliminations — Income Loss From Affiliates Subsidiaries And Holding Company

$17.55M-40.4%

DLTRConsolidation Eliminations — Net Income Loss

-$1.09B-177%

Other financials

Income statement

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Revenue$835.8M+10.3%

Net income$245.7M+38.4%

EPS (diluted)$3.78+47.7%

Balance sheet

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Cash & equivalents$394.7M+1.1%

Total debt$1.6B+13.3%

Total equity$6.3B+8.8%

Total assets$76.1B+2.8%

Cash flow

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Operating cash flow$191.6M+11.4%

CapEx$36.7M-28.8%

Free cash flow$154.9M+28.5%

Valuation

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Market cap$10.28B+36.1%

Enterprise value$11.49B+33.6%

P/E11.4×+0.4×

P/S3.1×+0.6×

Profitability

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Net margin27.5%+4.4pp

FCF margin21.8%+5.9pp

Returns & leverage

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Return on equity14.9%+2.3pp

Debt / equity0.3×0.0×

Where this comes from

Reported directly by Popular in its filing.

Tagged under the XBRL concept bpop:FDICLossShareIncome.

The official record: Popular’s 10-Q, filed November 8, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — FDIC loss share income mean?: The removal of intercompany FDIC loss-share income to prevent double-counting in consolidated reports.
How do you interpret consolidation eliminations — FDIC loss share income?: Fluctuations reflect the timing and volume of loss-share agreements being reconciled between internal business units.
How does consolidation eliminations — FDIC loss share income compare across companies?: Common in banks that have acquired failed institutions through FDIC-assisted transactions.