earnings
confidence high
sentiment positive
materiality 0.75
Central Bancompany Q1 net income $111.1M ($0.46 EPS), dividend raised 118%, repurchased $32M shares
Central Bancompany, Inc.
- GAAP net income $111.1M ($0.46 diluted EPS) vs $94.8M ($0.43) YoY; net interest margin expanded to 4.32% from 4.19%.
- Ordinary quarterly dividend increased 118% to $0.12 per share; repurchased 1.3M shares at $24.03 avg ($32M).
- Average loans held for investment $11.5B, up 1.2% QoQ; average deposits $15.5B, up 5.2% YoY.
- ROAA 2.20%, efficiency ratio (FTE) 45.7%; CET1 ratio 28.6% with $1.9B excess over 13.5% target.
- Noninterest income $65.1M (+10.7% YoY) driven by wealth management; provision $3.1M; NCOs 10 bps annualized.