Financial Highlights
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FY
12/31/2019
2020 FQ2 YTD
6/30/2020
Balance Sheet ($000)
Total Assets 9,808,465 14,449,760 15,302,438 15,032,047 16,895,406
Total Net Loans 7,307,697 10,220,922 10,963,088 10,767,588 11,717,403
Total Deposits 6,942,427 10,388,502 10,899,778 11,278,383 13,177,936
Total Equity 1,327,490 2,204,291 2,349,886 2,511,531 2,492,146
Profitability (%)
Net Income($000) 177,146 135,083 300,403 289,539 63,334
ROAA 1.85 1.17 2.06 1.93 0.81
Core ROAA 1.91 1.64 2.13 1.96 1.08
ROAE 14.08 8.23 13.17 12.01 5.13
ROATCE 20.83 13.74 23.71 20.85 8.96
Core ROAE 14.51 11.49 13.60 12.22 6.89
Net Interest Margin 4.81 4.51 4.42 4.29 4.14
Reported: Net Interest Margin 4.81 4.51 4.42 4.29 4.17
Efficiency Ratio 36.40 37.61 37.66 40.36 39.52
Noninterest Inc/ Operating Rev 17.52 17.04 15.13 14.92 15.33
Balance Sheet Ratios (%)
Loans/ Deposits 105.60 99.02 100.99 95.64 89.88
Total Equity/ Total Assets 13.53 15.25 15.36 16.71 14.75
Tangible Equity/ Tangible Assets 9.89 9.11 9.43 10.80 9.35
Tang Common Equity/ Tang Assets 9.89 9.11 9.43 10.80 9.35
Asset Quality (%)
NPAs/ Assets 0.87 0.50 0.50 0.46 0.41
NPA Excl Restructured/ Assets 0.64 0.37 0.40 0.38 0.35
NPAs & 90+ PD/ Assets 1.04 0.57 0.61 0.51 0.46
NPAs/ Loans & REO 1.16 0.69 0.68 0.64 0.58
Nonaccrual & 90+ & OREO/ Assets 0.81 0.44 0.51 0.43 0.39
NPAs & 90+ PD/ Loans & REO 1.37 0.80 0.84 0.70 0.65
NPA & Loans 90+/ Tangible Common Equity + LLR 10.04 6.18 6.39 4.73 4.51
NCOs/ Avg Loans 0.11 0.17 0.05 0.07 0.10
Loan Loss Reserves/ Gross Loans 1.08 1.07 0.98 0.94 1.99
Reserves/ NPAs 93.47 153.33 143.30 147.32 340.64
Loan Loss Provision/ NCO 237.65 316.39 74.56 16.57 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 938,754 1,240,822 1,362,859 1,500,756 1,502,559
Tier 1 Capital($000) 997,754 1,311,520 1,433,700 1,571,740 1,573,614
Tier 2 Capital($000) 80,002 407,598 406,740 400,695 455,593
Total Capital($000) 1,077,756 1,719,118 1,840,440 1,972,435 2,029,207
Total Risk-weighted Assets($000) 8,308,468 11,424,963 12,022,576 12,066,643 12,488,405
Tier 1 Common Capital (CET1) Ratio(%) 11.30 10.86 11.34 12.44 12.03
Tier 1 Ratio(%) 12.01 11.48 11.93 13.03 12.60
Total Capital Ratio(%) 12.97 15.05 15.31 16.35 16.25
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.63 9.98 10.36 11.27 10.25
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 140,472,205 173,632,983 170,720,072 166,373,346 165,206,039
Avg Diluted Shares(actual) 140,713,000 151,528,000 174,124,000 167,804,000 165,588,000
Basic Book Value per Share 9.45 12.70 13.76 15.10 15.09
Book Value per Share, As Reported 9.45 12.70 13.76 15.10 15.09
Basic Tangible Book Value per Share 6.63 7.07 7.90 9.12 8.99
Tangible Book Value per Share, As Reported 6.63 7.07 7.90 9.12 8.99
Common Dividends Declared per Share 0.34 0.40 0.46 0.51 0.26
EPS after Extra 1.26 0.89 1.73 1.73 0.38
EPS after Extra Growth(%) 24.80 (29.40) 94.40 0 (55.30)
Core EPS 1.30 1.24 1.79 1.76 0.51
Core EPS Growth(%) 24.20 (4.30) 43.80 (1.50) (41.60)
Diluted EPS before Amortization 1.28 0.92 1.77 1.77 0.40
Pre-Provision Earnings per Share 1.42 1.44 1.85 1.83 0.96
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