MB FINANCIAL INC /MD MBFI Income Statement

Mb financial inc /md (MBFI)

Income statement / TTM

Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Interest income:
Loans:
Taxable
659,993	644,341	631,591	610,616	587,234	566,651	529,886	496,691	467,877	439,966	421,864	410,401	404,324	402,718	382,047	336,928	292,028	244,821	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Nontaxable
9,255	9,109	9,595	10,056	10,665	11,250	11,464	11,414	11,120	10,775	10,212	9,730	9,318	8,919	8,901	8,898	9,022	9,610	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	283,846	294,410	309,274	324,793	342,028	358,679	369,264	364,484	0	0	0
Investment securities:
Taxable
40,201	36,574	34,648	32,787	33,975	35,641	36,045	35,127	35,571	35,917	36,728	38,931	39,299	40,242	41,615	40,407	38,619	35,302	30,604	28,090	26,084	25,121	26,078	28,680	33,424	38,661	43,073	44,481	41,349	36,742	36,463	38,327	50,541	0	0	0
Nontaxable
37,776	37,979	38,323	38,721	39,218	39,761	40,412	41,219	42,022	42,771	43,141	42,637	40,974	39,403	37,692	35,837	34,791	33,559	32,693	32,571	32,564	32,085	31,492	30,632	29,311	27,802	24,519	20,659	17,265	14,454	13,542	13,502	13,585	0	0	0
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	0	0	0	-	-	0	0	-	0	0	-	-	-	-	-	2	0	0	0
Other interest earning accounts and Federal funds sold
2,381	2,625	1,302	1,286	1,354	911	748	645	587	540	465	397	318	270	392	612	663	864	853	668	690	655	767	833	867	820	752	852	1,153	1,476	1,480	1,407	1,028	0	0	0
Total interest income
749,606	730,628	715,459	693,466	672,446	654,214	618,555	585,096	557,177	529,970	512,411	502,097	494,234	491,554	470,663	422,702	375,148	322,130	294,489	295,342	297,895	301,680	309,523	320,998	335,310	351,129	362,754	375,266	384,560	394,700	410,164	422,500	429,640	0	0	0
Interest expense:
Deposits
75,270	66,455	56,835	48,242	40,685	34,457	30,273	27,432	25,579	23,612	22,033	20,635	19,658	19,190	18,703	17,903	17,027	16,104	15,922	17,300	19,240	21,340	24,281	27,207	30,258	33,761	36,594	40,282	44,881	50,910	59,300	67,837	75,850	0	0	0
Short-term borrowings
10,939	10,859	13,690	14,833	14,697	12,912	8,856	5,854	4,195	3,108	2,411	1,856	1,412	1,381	1,217	957	780	653	534	555	622	689	919	1,165	1,204	1,099	961	838	849	915	992	1,017	1,145	0	0	0
Long-term borrowings and junior subordinated notes
25,594	25,623	22,144	17,676	14,687	12,647	11,404	10,180	9,512	8,804	8,323	8,091	7,558	7,335	7,452	6,952	6,518	6,098	5,462	5,508	5,697	6,062	7,567	9,246	11,060	12,752	13,341	13,985	13,557	13,192	12,987	12,487	12,873	0	0	0
Total interest expense
111,803	102,937	92,669	80,751	70,069	60,016	50,533	43,466	39,286	35,524	32,767	30,582	28,628	27,906	27,372	25,812	24,325	22,855	21,918	23,363	25,559	28,091	32,767	37,618	42,522	47,612	50,896	55,105	59,287	65,017	73,279	81,341	89,868	0	0	0
Net interest income
637,803	627,691	622,790	612,715	602,377	594,198	568,022	541,630	517,891	494,446	479,644	471,515	465,606	463,648	443,291	396,890	350,823	299,275	272,571	271,979	272,336	273,589	276,756	283,380	292,788	303,517	311,858	320,161	325,273	329,683	336,885	341,159	339,772	0	0	0
Provision for credit losses
47,201	38,873	21,887	25,367	21,593	20,572	22,604	15,734	19,563	23,699	22,508	23,975	21,386	24,371	22,122	15,876	12,052	-691	-7,104	-4,654	-5,804	-1,804	-11,500	-12,000	-8,900	-1,900	22,600	83,850	120,750	161,750	215,250	239,000	246,200	0	0	0
Net interest income after provision for credit losses
590,602	588,818	600,903	587,348	580,784	573,626	545,418	525,896	498,328	470,747	457,136	447,540	444,220	439,277	421,169	381,014	338,771	299,966	279,675	276,633	278,140	275,393	288,256	295,380	301,688	305,417	289,258	236,311	204,523	167,933	121,635	102,159	93,572	0	0	0
Non-interest income:
Mortgage banking revenue
63,515	76,263	94,589	105,815	109,224	122,374	143,227	152,690	151,716	142,734	124,331	120,364	117,426	119,964	106,095	70,634	46,149	17,246	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease financing revenue, net
104,490	96,453	94,396	89,879	86,587	82,835	78,551	75,858	73,486	69,555	70,691	70,547	76,581	79,186	76,905	76,194	64,310	61,576	57,927	58,176	61,243	57,854	53,455	45,687	36,382	31,764	28,587	28,114	26,939	26,323	24,851	23,016	21,853	0	0	0
Treasury management fees
59,735	60,682	59,964	59,397	58,930	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth management fees
36,383	36,203	35,816	35,345	34,744	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial deposit and treasury management fees
-	-	-	-	-	-	-	-	-	48,094	46,609	46,123	-	44,292	42,165	38,209	34,315	30,140	27,122	26,045	24,867	24,417	23,950	23,705	23,636	23,698	0	0	-	0	-	-	-	-	-	-
Trust and asset management fees
-	-	-	-	-	-	-	-	-	30,507	28,265	25,781	23,545	22,983	22,693	22,346	21,839	21,299	20,386	19,855	19,142	18,790	18,419	18,080	17,990	17,533	17,377	17,297	17,324	17,401	17,052	16,133	15,037	0	0	0
Card fees
21,654	20,835	20,058	18,817	18,596	17,904	17,480	17,112	16,071	15,382	14,556	14,920	15,322	15,571	16,072	14,967	13,741	12,679	11,588	11,019	11,013	10,680	10,323	10,017	9,368	7,974	7,657	7,290	7,032	0	0	0	-	-	-	-
Capital markets and international banking fees
12,333	12,695	15,652	15,453	15,708	15,730	14,173	13,358	13,332	11,666	10,710	9,447	8,148	7,441	6,556	6,408	5,458	4,651	4,151	3,730	3,560	5,105	5,533	5,382	5,086	3,305	0	0	-	0	-	-	-	-	-	-
Consumer and other deposit service fees
11,923	12,153	12,526	12,882	13,333	13,635	13,770	13,646	13,308	13,185	13,125	13,224	13,282	13,177	13,040	12,936	12,788	12,934	13,220	13,657	13,968	14,142	14,280	14,221	14,428	0	0	0	-	-	17,768	18,206	17,024	0	0	0
Retail and other deposit service fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Brokerage fees
4,234	3,994	3,860	4,060	4,321	4,266	4,556	4,621	4,654	5,019	5,006	5,234	5,754	5,852	5,716	5,529	5,176	5,053	5,197	5,075	4,907	4,768	4,664	4,694	4,792	5,281	5,369	5,720	5,884	5,538	5,672	5,186	5,012	0	0	0
Loan service fees
8,748	8,693	8,704	8,593	8,317	8,072	7,750	7,674	7,457	7,395	7,134	6,526	6,259	6,233	5,771	5,334	4,814	4,164	4,522	5,517	5,563	6,785	6,433	5,789	5,845	4,120	4,751	6,296	6,355	6,831	6,784	6,014	6,172	0	0	0
Increase in cash surrender value of life insurance
4,979	5,189	5,212	5,241	5,421	5,226	4,960	4,509	4,075	3,623	3,420	3,406	3,391	3,392	3,395	3,393	3,381	3,364	3,360	3,368	3,385	3,430	3,469	3,497	3,570	3,621	3,745	4,326	4,377	4,363	4,558	3,813	3,516	0	0	0
Net (loss) gain on investment securities
-	-234	-66	157	562	629	546	678	447	266	637	284	-176	318	-3,299	-3,302	-2,525	-3,031	216	317	-1	325	605	557	555	655	374	640	640	225	9,707	11,779	18,648	0	0	0
Net loss on disposal of other assets
-796	-2,802	-2,950	-2,557	-2,323	-1,056	-871	-869	-794	-45	-49	-54	-2	3,474	3,466	3,449	3,452	-347	-340	-316	-323	-905	-917	-925	-942	-124	-112	-91	283	789	1,088	976	630	0	0	0
Acquisition related gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Accretion of FDIC indemnification asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,584	2,365	3,482	4,838	7,757	9,839	0	-	0	0	-
Net gain on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,693	3,030	0	-	0	0	-	-	-	-	-
Other operating income
15,687	20,648	19,101	16,644	15,954	13,911	13,849	12,757	10,906	10,324	7,134	6,716	7,280	8,263	8,512	7,969	6,512	5,127	5,421	4,919	5,406	6,383	5,742	5,491	6,158	4,915	4,750	5,956	5,636	8,188	6,083	6,953	4,745	0	0	0
Total non-interest income
342,629	350,772	366,862	369,726	369,374	375,621	388,077	388,907	378,150	357,705	331,569	322,518	322,093	330,146	308,982	265,961	221,305	176,672	153,292	152,303	154,394	169,228	160,074	145,042	129,193	113,378	111,192	116,430	122,719	115,450	124,881	188,442	185,756	0	0	0
Non-interest expenses:
Salaries and employee benefits expense
427,560	441,124	445,054	424,142	419,179	418,360	424,023	416,461	400,501	376,782	353,195	344,336	343,531	344,305	335,906	296,383	255,974	216,008	181,434	178,721	177,858	175,379	172,544	168,781	165,696	162,504	158,843	156,512	153,858	150,411	149,413	148,702	144,349	0	0	0
Occupancy and equipment expense
65,445	66,843	66,108	64,941	62,556	61,399	60,783	58,914	57,130	54,376	52,068	50,830	50,510	51,633	50,917	48,258	44,910	40,121	37,176	37,066	36,878	36,383	35,860	35,640	35,806	35,530	36,348	35,643	35,467	34,907	34,615	35,060	34,845	0	0	0
Computer services and telecommunication expense
45,456	46,015	43,393	42,307	40,591	41,087	43,861	43,853	43,468	40,113	35,844	34,604	34,453	36,017	38,956	35,498	31,678	27,178	20,542	20,080	18,883	17,534	16,441	15,733	15,499	15,721	15,432	15,093	14,885	16,614	15,780	15,532	14,615	0	0	0
Advertising and marketing expense
13,420	13,908	13,034	12,937	12,235	12,009	12,535	12,254	11,971	11,477	10,971	10,504	10,072	9,838	9,495	9,219	8,854	8,622	8,304	8,250	8,272	8,522	8,541	8,213	8,183	7,679	7,483	7,392	7,038	6,780	6,660	6,551	6,465	0	0	0
Professional and legal expense
17,533	16,328	15,851	9,414	10,207	9,759	12,110	12,981	12,879	14,539	11,880	10,972	11,053	9,326	16,389	15,543	14,652	15,267	9,505	9,291	8,807	7,390	5,842	5,992	6,110	5,892	5,985	6,335	6,147	6,443	6,433	5,950	5,803	0	0	0
Brokerage fee expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Telecommunication expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other intangibles amortization expense
7,852	7,631	7,815	8,005	8,193	8,602	8,238	7,769	7,305	6,463	6,331	6,223	6,115	6,186	6,114	5,779	5,501	5,373	5,416	5,780	6,084	5,846	5,584	5,297	5,010	5,169	5,332	5,497	5,665	5,887	6,040	6,129	6,214	0	0	0
FDIC insurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Branch exit and facilities impairment charges (recovery)
4,245	3,305	2,786	9,035	8,353	8,680	2,999	-3,435	-2,709	-2,093	885	1,168	8,515	10,169	10,099	9,661	2,270	0	0	0	-	-	-	-	-	0	-	-	1,594	0	0	0	-	-	-	-
Net loss (gain) recognized on other real estate owned and other related expense
-2,184	-1,239	-905	-547	-1,344	-658	-23	409	1,599	1,538	240	-226	-1,468	-2,483	-4,084	-3,888	-3,575	-4,320	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	85	85	85	85	0	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment loss
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss recognized on other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-21,446	-20,626	-19,830	-13,613	0	0	0	-	-	-	-
Other real estate expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	4,005	4,312	5,139	4,294	3,688	3,241	2,407	2,694	0	0	0
Other operating expenses
81,844	95,843	97,962	98,423	98,685	93,968	97,374	95,252	94,152	81,203	74,269	71,171	68,352	77,385	83,317	76,341	69,368	57,520	42,923	40,685	38,587	36,440	34,299	33,790	32,270	43,431	42,807	41,323	40,685	45,878	45,124	44,564	43,791	0	0	0
Total non-interest expenses
681,060	705,250	699,667	672,887	661,343	654,522	661,946	643,640	623,098	581,322	545,203	530,034	534,154	547,427	555,362	500,655	436,782	372,919	306,983	299,206	294,588	306,647	311,547	308,128	304,030	298,376	283,819	283,713	283,246	264,815	264,685	263,989	258,776	0	0	0
Income before income taxes
252,171	234,340	268,098	284,187	288,815	294,725	271,549	271,163	253,380	247,130	243,502	240,024	232,159	221,996	174,789	146,320	123,294	103,719	125,984	129,730	137,946	137,974	136,783	132,294	126,851	120,419	116,631	69,028	43,996	18,568	-18,169	26,612	20,552	0	0	0
Income tax expense (benefit)
38,256	-47,858	-32,229	-22,073	-15,225	87,688	80,936	81,604	79,244	76,578	77,091	76,073	73,211	70,530	56,700	46,077	37,193	29,887	34,653	36,212	39,491	39,363	39,439	38,100	36,477	34,604	34,252	16,158	5,268	-3,900	-18,131	87	24	0	0	0
Net income
213,915	282,198	300,327	306,260	304,040	207,037	190,613	189,559	174,136	170,552	166,411	163,951	158,948	151,466	118,089	100,243	86,101	73,832	91,331	93,518	98,455	98,611	97,344	94,194	90,374	85,815	82,379	52,870	38,728	22,468	-38	26,525	20,528	0	0	0
Dividends on preferred shares
12,100	11,100	10,102	9,104	8,007	8,012	8,014	8,012	8,009	8,004	8,000	8,000	8,000	8,000	8,000	6,000	4,000	0	0	0	-	0	-	-	3,269	5,875	8,480	11,082	10,414	10,406	10,398	10,390	10,382	0	0	0
Preferred Stock Redemption Discount
15,280	15,280	15,280	15,280	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common stockholders
217,095	286,378	305,505	312,436	296,033	199,025	182,599	181,547	166,127	162,548	158,411	155,951	150,948	143,466	110,089	94,243	82,101	72,376	0	0	-	0	-	-	87,105	79,940	73,899	41,788	28,314	12,062	-10,436	16,135	10,146	0	0	0
Common share data:
Basic earnings allocated to common stock per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.36	-0.14	0.13	-	-0.05	0.36	0.02
Impact of preferred stock dividends on basic earnings per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	-0.04	-0.05	-	-0.05	-0.05	-0.05
Basic earnings per common share (in dollars per share)
0.87	0.47	0.42	0.82	1.69	0.70	0.51	0.63	0.54	0.55	0.56	0.51	0.56	0.52	0.52	0.43	0.45	0.08	0.42	0.37	0.44	0.45	0.46	0.46	0.44	0.43	0.41	0.33	0.30	0.32	-0.18	0.08	0.01	-0.10	0.31	-0.03
Diluted earnings allocated to common stock per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.36	-0.14	0.13	-	-0.05	0.36	0.02
Impact of preferred stock dividends on diluted earnings per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.05	-0.04	-0.05	-	-0.05	-0.05	-0.05
Diluted earnings per common share (in dollars per share)
0.85	0.47	0.42	0.81	1.68	0.69	0.50	0.62	0.53	0.54	0.56	0.50	0.56	0.51	0.52	0.43	0.45	0.08	0.42	0.36	0.43	0.44	0.46	0.46	0.44	0.42	0.41	0.33	0.31	0.31	-0.18	0.08	0.01	-0.10	0.31	-0.03
Weighted average common shares outstanding for basic earnings per common share (in shares)
84,419	84,369	84,253	84,065	83,950	83,891	83,842	83,662	83,562	77,506	73,475	73,330	73,248	74,297	74,596	74,567	74,766	63,972	54,669	54,639	54,625	54,565	54,436	54,411	54,403	54,346	54,174	54,155	-	54,121	54,002	53,961	53,604	53,327	52,702	51,264
Diluted weighted average common shares outstanding for diluted earnings per common share (in shares)
85,341	85,335	85,251	84,896	84,968	84,779	84,767	84,778	85,074	78,683	74,180	73,966	73,905	75,029	75,296	75,164	75,370	64,457	55,200	55,265	55,240	55,130	54,868	54,736	54,606	54,556	54,448	54,411	54,767	54,323	54,002	54,254	54,513	53,327	53,034	51,264