Banco Industrial e Comercial SA BOVESPA BICB4 Credit Stats Direct Financials

Banco Industrial e Comercial SA (BOVESPA:BICB4) > CreditStats Direct® > Select Stats & Ratios

In Millions of the reported currency. Template: Adjusted Restatement: Latest Filings

Period Type: Annual Order: Latest on Right

Currency: Reported Currency Conversion: Historical

Units: S&P Capital IQ (Default) Decimals: Capital IQ (Default)

Select Stats & Ratios

For the Fiscal Period Ending

Most

Recent 3 Yrs.

Unweighted Avg.

12 months

Dec-31-2008

12 months

Dec-31-2009

12 months

Dec-31-2010

12 months

Dec-31-2011

Currency BRL BRL BRL BRL BRL

Loan Portfolio

Public Sector & Government Loans 202.18 273.78 238.23 268.55 235.2

Residential Real Estate Loans

Other Consumer Loans 702.68 488.37 382.05 476.91 705.92

Commercial Real Estate Loans

Commercial/Corporate Loans 11,571.26 7,922.45 8,498.88 12,450.29 10,564.93

Leases 0

Foreign Loans

Other Loans 0

Provision & Reserves

New Loan Loss Prov./Avg. Customer Loans (%) 3.58 3.22 2.6 2.23 3.98

Loan Loss Reserves/Gross NPAs (%) 170.03 151.77 163.8 169.13 173.85

Loan Loss Reserves/Customer Loans (%) 4.3 3.58 4.59 3.31 4.91

Risk Position

Growth in customer loans(%) 14.17 1.9 5.0 44.7 (12.8)

NCOs/Avg. Customer Loans (%) 2.67 0.86 0.97 1.88 2.35

Gross NPAs/Customer Loans + OREO (%) 2.53 2.36 2.8 1.96 2.82

Resi. RE NCOs/Avg. Resi RE Loans (%) NM

Other Cons. NCOs/Avg. Other Cons. Loans (%) 0

Comm. RE NCOs/Avg. Comm. RE Loans (%) NM

Comm.&Corp. NCOs/Avg. Comm.&Corp. Loans (%) 0

Other NCOs/Avg. Customer Loans (%) 2.67 0.86 0.97 1.88 2.35

NPAs (Net Spec.)/Cust. Loans (Net Spec.) (%) (1.85) (1.27) (1.88) (1.4) (2.19)

Funding & Liquidity

Core Deposits/Funding Base (%) 57.0 47.48 62.35 56.2 60.66

Customer Loans(Net)/Customer Deposits (%) 147.85 203.94 164.21 165.42 128.05

Long Term Funding Ratio (%) 79.89 68.17 74.86 80.16 83.5

Stable Funding Ratio (%)

ST Wholesale Funding / Funding Base (%)

Customer Loans (Net)/Adj. Assets (%) 68.25 66.32 76.32 75.13 62.89

Broad Liquid Assets to ST Whole. Funding (x) 1.18 NM NM 0.95 1.75

Net Broad Liq. Assets to ST Cust. Dep. (%) 6.62 NM NM (2.67) 35.49

Net ST Whole. Funding / Whole. Funding(%) 52.62 72.42 80.66 51.4 47.61

Narrow Liquid Assets / 3-Month Whole.Funding (x)

Profitability

Pretax Profit/Revenues (%) 21.67 33.51 38.44 39.48 17.27

Core Earnings/Revenues (%) 17.54 29.07 27.29 27.68 16.63

Core Earnings/Avg. Reg. Risk-Wtd. Assets (%) 1.49 3.41 2.78 2.4 1.43

Pretax Profit/Avg. Common Equity (%) 14.85 22.69 25.73 26.72 12.29

Return on Equity (%) 12.03 19.73 18.44 18.74 11.76

Business position

Loan Market Share in Country of Domicile (%)

Deposit Mkt. Share in Country of Domicile (%)

Last Update Date NA Nov-24-2013 Nov-24-2013 Nov-24-2013 Nov-24-2013

NM --- Not Meaningful

Company Last Updated: Nov-24-2013 06:40:20AM EST.

S&P Credit Ratings and Research provided by

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Banco Industrial e Comercial SA (BOVESPA:BICB4) > CreditStats Direct® > Select Stats & Ratios

12 months

Dec-31-2012

BRL

102.81

925.2

11,698.56

4.52

167.12

4.69

10.61

3.77

2.8

3.77

(1.97)

54.13

150.08

76.02

66.72

0.83

(12.97)

58.84

8.27

8.31

0.64

5.55

5.6

Nov-24-2013

Banco Industrial e Comercial SA (BOVESPA:BICB4) > CreditStats Direct® > Income Statement





Income Statement


Most

Recent 3 Yrs.

Unweighted Avg.

12 months

Dec-31-2008

12 months

Dec-31-2009

12 months

Dec-31-2010

12 months

Dec-31-2011


Interest Income 2,548.63 2,523.35 1,005.89 2,021.22 2,973.53

Interest Expense 1,318.44 1,489.8 7.98 854.12 1,675.35

Net Interest Income 1,230.19 1,033.55 997.92 1,167.1 1,298.18

Fees and Commissions 72.56 53.81 48.08 68.75 75.75

Trading Gains 0

Gains/(Losses) on Liquidity Portfolio Sec.

Other Market Sensitive Income 0

Equity in Earnings of Unconsol. Subs 0 0 0 0

Net Insurance Income 0

Other Noninterest Income 27.59 12.22 109.01 23.57 32.01

Operating Noninterest Income 100.15 66.03 157.08 92.33 107.77

Operating Revenues 1,330.34 1,099.58 1,155.0 1,259.42 1,405.95

Personnel Expenses 207.55 167.12 167.44 174.71 223.22

Premises 0

Depreciation and Amortization-Other 0

Other Noninterest Expense 409.79 287.76 315.96 339.27 446.65

Noninterest Expenses 617.34 454.88 483.39 513.98 669.87

Preprovision Operating Income 713.0 644.69 671.61 745.45 736.08

Credit Loss Prov. (Net New) 429.41 277.27 231.82 248.27 491.72

Operating Income After Loss Prov. 283.59 367.43 439.79 497.18 244.36

Nonrecurring/Special Income (0.37) 1.03 4.2 0.07 (1.53)

Nonrecurring/Special Expense 0

General Banking Risk Prov. 0

Amortization of Intangibles 0

Impairment of Intangibles 0

Change in Appraisal Value of Insurance Bus.

Pretax Profit 283.22 368.46 443.99 497.25 242.83

Tax Expense/Credit 52.68 47.93 125.78 148.56 10.43

Net Income Before Minority Interest 230.54 320.53 318.2 348.69 232.4

Minority Interest In Consolidated Subsidiaries 0

Net Income Before Extraordinaries 230.54 320.53 318.2 348.69 232.4

Extraordinary Income 0

Net Income After Extraordinaries 230.54 320.53 318.2 348.69 232.4

Core Earnings Reconciliation Table

Net Income Before Minority Interest 230.54 320.53 318.2 348.69 232.4

- Nonrecurring Special Income 0.37 (1.03) (4.2) (0.07) 1.53

+ Nonrecurring Special Expense 0

+/- Tax Impact of Adjustments (0.02) 0.13 1.19 0.02 (0.07)

+ Amortization/Impair. of Goodwill/Intan. 0 0 0 0 0

+ General Banking Risk Prov. 0

- Preferred Dividends 0 0 0 0 0

+/- Other Earnings Adjustments 0 0 0 0 0

Core Earnings 230.89 319.63 315.2 348.64 233.87

Business position

Total Revenues from Business Lines

Commercial Banking/Total Revenue (%) NM NM NM NM NM

Retail Banking/Total Revenue (%) NM NM NM NM NM

Commercial & Retail Banking/Total Revenue (%) NM NM NM NM NM

Trading & Sales Income/Total Revenue (%) NM NM NM NM NM

Corporate Finance/Total Revenue (%) NM NM NM NM NM

Retail Brokerage/Total Revenue (%) NM NM NM NM NM

Insurance Activities/Total Revenue (%) NM NM NM NM NM

Agency Services/Total Revenue (%) NM NM NM NM NM

Payments & Settlements/Total Revenue (%) NM NM NM NM NM

Asset Management/Total Revenue (%) NM NM NM NM NM

Other Revenues/Total Revenue (%) NM NM NM NM NM

Reported Return on Equity (%)

Investment Banking/Total Revenue (%) NM NM NM NM NM

Profitability Ratios

Revenues

Net Interest Income/Revenues (%) 92.48 94.0 86.4 92.67 92.34

Fee Income/Revenues (%) 5.46 4.89 4.16 5.46 5.39

Market-Sensitive Income/Revenues (%) 0

Net Interest Income/Avg. Earning Assets (%) 8.15 9.56 9.34 8.72 8.08

Net Int. Inc. (TE)/Avg. Earning Assets (%) 8.15 9.56 9.34 8.72 8.08

Expenses & Prov.

Personnel Expense/Revenues (%) 15.57 15.2 14.5 13.87 15.88

New Loan Loss Prov./Revenues (%) 32.01 25.22 20.07 19.71 34.97

NOI Before Loan Loss Prov./Rev. (%) 53.71 58.63 58.15 59.19 52.35

Noninterest Expenses/Avg. Adj. Assets (%) 3.76 3.71 4.02 3.62 3.9

Income

Noninterest Expenses/Operating Revenues (%) 46.29 41.37 41.85 40.81 47.65

Preprovision Operating Income/Avg. Assets (%) 4.39 5.25 5.59 5.23 4.26

Core Earnings/Avg. Managed Assets (%) 1.47 2.6 2.62 2.44 1.35

NOI Before Loan Loss Prov. /Loan Loss Prov. (%) 189.96 232.52 289.71 300.26 149.7

NOI After Loan Loss Prov./Revenues (%) 21.7 33.42 38.08 39.48 17.38

Tax/Pretax Profit (%) 11.11 13.01 28.33 29.88 4.29

Core Earnings/Avg. Adj. Assets (%) 1.48 2.61 2.62 2.46 1.36

Core Earnings/Avg. Adj. Common Equity (%) 12.67 19.69 18.31 19.38 12.63












































Banco Industrial e Comercial SA (BOVESPA:BICB4) > CreditStats Direct® > Income Statement

12 months

Dec-31-2012

BRL

2,651.14

1,425.85

1,225.29

73.18

0

27.19

100.37

1,325.66

224.72

443.46

668.18

657.48

548.24

109.24

0.36

109.6

(0.94)

110.53

110.53

110.53

110.53

(0.36)

0

0

0

0

110.17

NM

NM

NM

NM

NM

NM

NM

NM

NM

NM

NM

NM

92.43

5.52

7.66

7.66

16.95

41.36

49.6

3.76

50.4

3.68

0.62

119.92

8.24

(0.85)

0.62

6.01

Nov-24-2013

Banco Industrial e Comercial SA (BOVESPA:BICB4) > CreditStats Direct® > Balance Sheet





Balance Sheet


Most

Recent 3 Yrs.

Unweighted Avg.

12 months

Dec-31-2008

12 months

Dec-31-2009

12 months

Dec-31-2010

12 months

Dec-31-2011


Assets

Cash and Money Market Instruments 2,821.92 2,000.51 1,400.77 2,417.89 4,053.47

Trading Securities (Marked To Market) 915.2 341.46 428.49 599.77 669.9

Nontrading Securities 166.46 27.64 18.79 261.17 109.0

Securities 1,081.65 369.09 447.28 860.94 778.9

Mortgage Backed Securities, Included Above 0

Loans To Banks (Net) 0

Customer Loans (Gross) 12,476.12 8,684.59 9,119.17 13,195.75 11,506.05

Loan Loss Reserves 532.84 310.86 418.84 437.19 565.03

Customer Loans (Net) 11,943.28 8,373.73 8,700.33 12,758.56 10,941.02

Equity Interests/Participations (Non-FI) 0.65 0.61 0.62 0.62 0.62

Insurance Statutory Funds

Investments In Unconsolidated Subsidiaries (FI) 0 0 0 0 0

Intangibles (Nonservicing) 93.06 0 0 105.19 93.18

Mortgage Servicing Rights

Interest-Only Strips

Intangibles 93.06 0 0 105.19 93.18

Fixed Assets 108.86 46.11 47.63 73.17 107.19

Other Real Estate/Foreclosed Assets 0

Derivatives Credit Amount 270.21 296.38 9.09 11.72 160.77

Accrued Receivables 530.9 1,119.27 371.52 419.61 654.73

Tax Loss Carryforwards 40.28 2.48 6.96 10.97 37.49

Other Deferred Tax Assets 452.88 301.3 311.96 330.01 471.33

Commitments and Guarantees on B/S 0

Other Assets 269.59 116.02 103.51 97.76 192.75

Total Assets 17,613.29 12,625.52 11,399.66 17,086.45 17,491.42

- Commitments and Guarantees on B/S 0

- Intangibles (Nonservicing) (93.06) 0 (105.19) (93.18)

- Insurance Statutory Funds

Total Assets, Adj. 17,520.23 12,625.52 11,399.66 16,981.26 17,398.24

Liabilities

Noncore Deposits 749.51 338.15 513.12 913.86 675.93

Core/Customer Deposits 8,113.33 4,106.05 5,298.44 7,712.63 8,544.64

Total Deposits 8,862.84 4,444.2 5,811.56 8,626.49 9,220.57

Acceptances 0

Repurchase Agreements 139.69 19.66 8.45 239.93 46.53

Mortgage Covered Bonds

Legislation Enabled Covered Bonds

Public Sector or Total Covered Bonds

Minimal Equity Content Hybrids 0 0 0 0 0

Other Borrowings 5,333.08 4,236.39 2,856.7 5,116.83 4,824.79

Other Credit Reserves

Other Liabilities 1,309.4 2,240.18 956.53 1,148.34 1,403.51

Total Liabilities 15,645.02 10,940.44 9,633.24 15,131.59 15,495.39

Prior Criteria Category 1 Hybrids 0 0 0

Prior Criteria Category 2 Hybrids 0

Intermediate Equity Content Hybrids(Cat.3) 0

High Equity Content Hybrids (Cat.4) 0

Govt.-Owned Hybrids in TAC w/o Limit

Minority Interest-Equity 0

Share Capital and Surplus 1,434.21 1,434.21 1,434.21 1,434.21 1,434.21

Revaluation Reserve 0

General Banking Risk Reserves

Retained Profits 573.13 257.33 379.91 520.65 620.42

Other Equity (39.06) (6.45) (47.69) 0 (58.59)

Common Shareholders Equity, Pre-Adj. 1,968.27 1,685.09 1,766.42 1,954.86 1,996.04

Total Equity 1,968.27 1,685.09 1,766.42 1,954.86 1,996.04

Total Liabilities and Equity 17,613.29 12,625.52 11,399.66 17,086.45 17,491.42











































12 months

Dec-31-2012

BRL

1,994.41

1,475.93

129.2

1,605.13

12,726.57

596.3

12,130.27

0.72

0

80.81

80.81

146.21

638.14

518.36

72.38

557.32

518.27

18,262.0

(80.81)

18,181.19

658.74

8,082.74

8,741.48

132.62

0

6,057.63

1,376.36

16,308.08

1,434.21

578.31

(58.59)

1,953.92

1,953.92

18,262.0

Nov-24-2013

Banco Industrial e Comercial SA (BOVESPA:BICB4) > CreditStats Direct® > Capital Analysis





Capital Analysis


Most

Recent 3 Yrs.

Unweighted Avg.

12 months

Dec-31-2008

12 months

Dec-31-2009

12 months

Dec-31-2010

12 months

Dec-31-2011


Credit Risk

Government and Central Banks

Institutions

Corporate

Retail

Of Which Mortgage

Securitization

Other Assets

Total Credit Risk

Market Risk

Equity in the Banking Book

Trading Book Market Risk

Total Market Risk

Insurance Risk

Total Insurance Risk

Operational Risk

Total Operational Risk

Diversification Adjustments

S&P RWA Before Diversification

Total Adjustments to RWA

S&P RWA After Diversification

Equity Reconciliation Table

Common Shareholders' Equity 1,968.27 1,685.09 1,766.42 1,954.86 1,996.04

+ Minority Interest (Equity) 0 0 0 0 0

- Dividends Not Yet Distributed 0

- Revaluation Reserves 0 0 0 0 0

- Nonservicing Intangibles (93.06) 0 0 (105.19) (93.18)

- Interest-Only Strips (Net)

- Tax Loss Carryforwards (40.28) (2.48) (6.96) (10.97) (37.49)

- Postretirement Benefit Adjustment 0 0 0 0 0

- Cum. Effect of Crdt.-Sprd. Rltd. Reval. Liab.

- Other Equity Adjustments 0

Adjusted Common Equity 1,834.93 1,682.6 1,759.47 1,838.7 1,865.37

+ Admissible Preferred and Hybrids 0 0 0 0 0

Total Adjusted Capital 1,834.93 1,682.6 1,759.47 1,838.7 1,865.37

Capital Ratios

S&P RAC Ratio Before Diversification (%) NM NM NM NM NM

S&P RAC Ratio After Diversification (%) NM NM NM NM NM

Total Divers. Adj. / S&P RWA Bef. Divers. (%) NM NM NM NM NM

Tier 1 Capital Ratio (%) 11.4 16.6 14.23 11.0 12.56

Double Leverage (%) NM NM NM NM NM

Adj. Common Equity/Total Adj. Capital (%) 100.0 100.0 100.0 100.0 100.0

Adj. Common Equity/Regulatory RWA (%) 10.81 16.22 14.35 10.98 11.68

Adj. Total Equity/Adj. Assets (%) 10.48 13.33 15.43 10.83 10.72

Adj. Tot. Equity + LLR/Cust. Lns. (Gross) (%) 19.07 22.95 23.89 17.25 21.12

Adj. Total Equity/Managed Assets (%) 10.4 13.32 15.43 10.68 10.66

Total Managed Assets/Adj. Common Equity (x) 9.63 7.51 6.48 9.36 9.38

Common Dividend Payout Ratio (%) 77.33 29.78 53.74 45.89 72.11












































Banco Industrial e Comercial SA (BOVESPA:BICB4) > CreditStats Direct® > Capital Analysis

12 months

Dec-31-2012

BRL

1,953.92

0

0

(80.81)

(72.38)

0

1,800.74

0

1,800.74

NM

NM

NM

10.64

NM

100.0

9.78

9.9

18.83

9.86

10.14

114.0

Nov-24-2013

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Banco Industrial e Comercial SA BOVESPA BICB4 Credit Stats Direct Financials

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