Principal Bank
Major Rating Factors:
A current level of 1.7 percent of nonperforming loans to core capital combined with 2.9 percent from a year earlier contributes to the Excellent asset quality (10.0). Good current capitalization (5.3 on a scale of 0 to 10) based on a risk-based capital ratio of 16.3 and a capital leverage ratio of 7.3.
Other Rating Factors:
Good liquidity 6.2, driven by a liquidity ratio of 54.8 percent and a “hot money” ratio of 3.2 percent. Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 1.0 has resulted in Good (5.1) profitability.
Asset Mix:
Securities (64%), home mtgs (29%), cash (5%), other (2%)
States with Branches:
IA
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Principal Financial Group, Inc.
Investment Rating
Address
711 High Street
Des Moines, IA 50392
Des Moines, IA 50392
Phone Number
(800) 672-3343
Year Founded
1998
FDIC Number
Website
Largest Affiliates
No affiliate information available.