What does US — valuation allowance and reserves recoveries mean?

Cash recovered from loans that were previously written off as losses.

How do you interpret US — valuation allowance and reserves recoveries?

Higher recoveries indicate effective collection processes or an improving economic environment for distressed assets.

How does US — valuation allowance and reserves recoveries compare across companies?

Commonly referred to as 'Recoveries of loans previously charged off' in bank financial statements.

Popular BPOP US — Valuation Allowance And Reserves Recoveries

Discontinued — last reported Q4 '19

Similar metrics at other companies

SSBFinancial Service Product Three — Financing Receivable Allowance For Credit Losses Recovery

$245K-4.7%

SSBFinancial Service Product Two — Financing Receivable Allowance For Credit Losses Recovery

$5K-90.9%

CMS

CMSEner Bank — Financing Receivable Allowance For Credit Losses Recovery

$2M—

BKRecoveries

$11M+1,000%

SSBFinancial Service Product One — Financing Receivable Allowance For Credit Losses Recovery

$294K-25.4%

SSBFinancial Service Product Five — Financing Receivable Allowance For Credit Losses Recovery

$258K+10.3%

Other financials

Income statement

See full

Revenue$835.8M+10.3%

Net income$245.7M+38.4%

EPS (diluted)$3.78+47.7%

Balance sheet

See full

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

See full

Operating cash flow$191.6M+11.4%

CapEx$36.7M-28.8%

Free cash flow$154.9M+28.5%

Valuation

See full

Market cap$10.28B+36.1%

Enterprise value$11.49B+33.6%

P/E11.4×+0.4×

P/S3.1×+0.6×

Profitability

See full

Net margin27.5%+4.4pp

FCF margin21.8%+5.9pp

Returns & leverage

See full

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:ValuationAllowanceAndReservesRecoveries.

The official record: Popular’s 10-K, filed March 2, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does US — valuation allowance and reserves recoveries mean?: Cash recovered from loans that were previously written off as losses.
How do you interpret US — valuation allowance and reserves recoveries?: Higher recoveries indicate effective collection processes or an improving economic environment for distressed assets.
How does US — valuation allowance and reserves recoveries compare across companies?: Commonly referred to as 'Recoveries of loans previously charged off' in bank financial statements.