Financial Highlights

Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Balance Sheet ($000)
Total Assets 48,203,282 32,669,192 31,221,837 30,104,002 28,792,653
Total Net Loans 36,996,221 25,734,653 24,597,576 23,656,305 22,236,769
Total Deposits 38,405,504 26,720,322 26,147,900 24,648,060 23,242,661
Total Equity 4,941,690 3,133,602 2,961,566 2,927,924 3,000,196
Profitability (%)
Net Income($000) 563,780 428,476 275,474 246,784 226,082
ROAA 1.20 1.35 0.89 0.84 0.80
Core ROAA 1.35 1.39 0.99 0.88 0.82
ROAE 11.93 14.29 9.27 8.40 7.49
ROATCE NA 14.95 9.58 8.51 7.54
Core ROAE 13.33 14.68 10.30 8.80 7.62
Reported: Net Interest Margin 3.70 3.86 3.55 3.27 3.19
Efficiency Ratio 51.82 56.17 58.78 61.58 62.72
Noninterest Inc/ Operating Rev 18.07 19.95 21.10 22.98 24.29
Balance Sheet Ratios (%)
Loans/ Deposits 96.76 97.10 94.80 96.79 96.50
Securities/ Assets NA 12.87 13.39 13.07 12.85
Total Equity/ Total Assets 10.25 9.59 9.49 9.73 10.42
Tangible Equity/ Tangible Assets NA 9.40 9.29 9.51 10.34
Tang Common Equity/ Tang Assets NA 8.80 8.88 9.09 9.90
Asset Quality (%)
NPAs/ Assets 0.56 0.70 0.90 1.23 1.52
NPA Excl Restructured/ Assets 0.29 0.35 0.42 0.58 0.75
NPAs & 90+ PD/ Assets 0.59 0.72 0.92 1.24 1.53
NPAs/ Loans & REO 0.73 0.89 1.13 1.55 1.95
Nonaccrual & 90+ & OREO/ Assets 0.32 0.36 0.43 0.59 0.76
NPAs & 90+ PD/ Loans & REO 0.77 0.90 1.15 1.57 1.96
NPA & Loans 90+/ Tangible Common Equity + LLR NA 7.50 9.49 12.57 14.24
NCOs/ Avg Loans 0.16 0.20 0.29 0.12 0.13
Loan Loss Reserves/ Gross Loans 0.75 0.96 1 1.05 1.12
Reserves/ NPAs 104 108.91 88.45 67.77 57.51
Loan Loss Provision/ NCO 152.26 102.55 96.43 97.43 68.31
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 3,743,459 2,897,997 2,763,168 2,654,287 2,660,016
Tier 1 Capital($000) 4,280,604 3,090,416 2,872,001 2,685,880 2,660,016
Tier 2 Capital($000) 842,777 510,960 511,080 515,388 595,742
Total Capital($000) 5,123,381 3,601,376 3,383,081 3,201,268 3,255,758
Total Risk-weighted Assets($000) 41,822,767 29,121,309 27,667,906 26,662,081 25,643,943
Tier 1 Common Capital (CET1) Ratio(%) 8.95 9.95 9.99 9.96 10.37
Tier 1 Ratio(%) 10.24 10.61 10.38 10.07 10.37
Total Capital Ratio(%) 12.25 12.37 12.23 12.01 12.70
Leverage Ratio(%) 9.16 9.60 9.19 8.99 9.43
Per Share Information ($)
Common Shares Outstanding(actual) 147,157,596 115,865,510 118,897,295 122,266,106 129,547,032
Avg Diluted Shares(actual) 156,058,000 118,378,000 122,012,000 125,078,000 133,201,000
Basic Book Value per Share 29.93 25.36 23.85 22.92 22.19
Book Value per Share, As Reported 29.93 25.36 23.85 22.92 22.19
Basic Tangible Book Value per Share NA 24.75 23.27 22.32 21.99
Tangible Book Value per Share, As Reported 26.17 24.78 23.27 22.32 21.99
Common Dividends Declared per Share 1.20 1 0.60 0.48 0.42
EPS after Extra 3.47 3.47 2.17 1.89 1.62
Core EPS 3.90 3.57 2.42 1.99 1.65
Core EPS Growth(%) 9.20 47.50 21.80 20.40 13.20
Diluted EPS before Amortization 3.54 3.48 2.18 1.89 1.62
Pre-Provision Earnings per Share 4.54 4.02 2.68 2.17 1.79
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