Call reports 2023
PRINCIPAL BANK — 2023
What PRINCIPAL BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 8,145,069,000 | 8,005,228,000 | 7,911,701,000 | 8,207,762,000 |
| Total loans | 2,391,639,000 | 2,387,393,000 | 2,390,681,000 | 2,380,774,000 |
| Allowance for loan losses | 4,780,000 | 4,879,000 | 6,024,000 | 5,363,000 |
| Securities available for sale | 5,133,924,000 | 4,710,301,000 | 4,665,639,000 | 5,034,032,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 7,797,495,000 | 7,668,816,000 | 7,549,142,000 | 7,760,305,000 |
| Interest-bearing deposits | 7,784,673,000 | 7,668,816,000 | 7,549,142,000 | 7,760,305,000 |
| Noninterest-bearing deposits | 12,822,000 | 0 | 0 | 0 |
| Equity capital | 272,039,000 | 277,003,000 | 276,664,000 | 373,146,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 84,865,000 | 164,159,000 | 251,670,000 | 343,351,000 |
| Interest expense | 33,174,000 | 70,598,000 | 110,141,000 | 152,668,000 |
| Net interest income | 51,691,000 | 93,561,000 | 141,529,000 | 190,683,000 |
| Noninterest income | 14,240,000 | 43,232,000 | 81,775,000 | 75,254,000 |
| Noninterest expense | 27,833,000 | 58,146,000 | 86,208,000 | 117,712,000 |
| Provision for loan losses | -1,119,000 | -1,455,000 | -619,000 | -1,471,000 |
| Pretax income | 38,448,000 | 79,628,000 | 137,197,000 | 146,064,000 |
| Income tax | 10,004,000 | 20,865,000 | 35,921,000 | 37,931,000 |
| Net income | 28,444,000 | 58,763,000 | 101,276,000 | 108,133,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 658,351,000 | 688,841,000 | 731,358,000 | 738,305,000 |
| Total capital | 663,131,000 | 693,720,000 | 737,382,000 | 743,668,000 |
| Risk-weighted assets | 4,240,758,000 | 4,100,673,000 | 4,104,819,000 | 4,094,816,000 |