MB FINANCIAL INC /MD MBFIO Income Statement

Mb financial inc /md (MBFIO)

Income statement / Quarterly

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
170,283	168,190	164,401	157,119	154,631	155,440	143,426	133,737	134,048	118,675	110,231	104,923	106,137	100,573	98,768	98,846	104,531	79,902	53,649	53,946	-	57,324	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Nontaxable
2,508	2,146	2,330	2,271	2,362	2,632	2,791	2,880	2,947	2,846	2,741	2,586	2,602	2,283	2,259	2,174	2,203	2,265	2,256	2,298	-	2,791	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,581	60,793	-	67,482	69,250	71,648	75,466	78,046	84,114	87,167	92,701	94,697	94,699	82,387
Investment securities:
Taxable
11,323	10,366	10,578	7,934	7,696	8,440	8,717	9,122	9,362	8,844	7,799	9,566	9,708	9,655	10,002	9,934	10,651	11,028	8,794	8,146	7,334	6,330	6,280	6,140	6,371	7,287	8,882	10,884	11,608	11,699	10,290	7,752	7,001	11,420	12,154	19,966
Nontaxable
9,474	9,387	9,439	9,476	9,677	9,731	9,837	9,973	10,220	10,382	10,644	10,776	10,969	10,752	10,140	9,113	9,398	9,041	8,285	8,067	8,166	8,175	8,163	8,060	7,687	7,582	7,303	6,739	6,178	4,299	3,443	3,345	3,367	3,387	3,403	3,428
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	14	4	5	-	-	2	0	-	0	0	-	-	-	-	-	0	0	0	2
Other interest earning accounts and Federal funds sold
356	1,650	244	131	600	327	228	199	157	164	125	141	110	89	57	62	62	211	277	113	263	200	92	135	228	312	158	169	181	244	258	470	504	248	185	91
Total interest income
193,944	191,739	186,992	176,931	174,966	176,570	164,999	155,911	156,734	140,911	131,540	127,992	129,527	123,352	121,226	120,129	126,847	102,461	73,265	72,575	73,829	74,820	74,118	75,128	77,614	82,663	85,593	89,440	93,433	94,288	98,105	98,734	103,573	109,752	110,441	105,874
Interest expense:
Deposits
22,367	20,485	17,386	15,032	13,552	10,865	8,793	7,475	7,324	6,681	5,952	5,622	5,357	5,102	4,554	4,645	4,889	4,615	3,754	3,769	3,966	4,433	5,132	5,709	6,066	7,374	8,058	8,760	9,569	10,207	11,746	13,359	15,598	18,597	20,283	21,372
Short-term borrowings
3,337	2,317	2,769	2,516	3,257	5,148	3,912	2,380	1,472	1,092	910	721	385	395	355	277	354	231	95	100	227	112	116	167	294	342	362	206	189	204	239	217	255	281	264	345
Long-term borrowings and junior subordinated notes
4,735	7,089	7,768	6,002	4,764	3,610	3,300	3,013	2,724	2,367	2,076	2,345	2,016	1,886	1,844	1,812	1,793	2,003	1,344	1,378	1,373	1,367	1,390	1,567	1,738	2,872	3,069	3,381	3,430	3,461	3,713	2,953	3,065	3,256	3,213	3,339
Total interest expense
30,439	29,891	27,923	23,550	21,573	19,623	16,005	12,868	11,520	10,140	8,938	8,688	7,758	7,383	6,753	6,734	7,036	6,849	5,193	5,247	5,566	5,912	6,638	7,443	8,098	10,588	11,489	12,347	13,188	13,872	15,698	16,529	18,918	22,134	23,760	25,056
Net interest income
163,505	161,848	159,069	153,381	153,393	156,947	148,994	143,043	145,214	130,771	122,602	119,304	121,769	115,969	114,473	113,395	119,811	95,612	68,072	67,328	68,263	68,908	67,480	67,685	69,516	72,075	74,104	77,093	80,245	80,416	82,407	82,205	84,655	87,618	86,681	80,818
Provision for credit losses
11,971	21,503	6,219	7,508	3,643	4,517	9,699	3,734	2,622	6,549	2,829	7,563	6,758	5,358	4,296	4,974	9,743	3,109	-1,950	1,150	-3,000	-3,304	500	0	1,000	-13,000	0	3,100	8,000	11,500	61,250	40,000	49,000	65,000	85,000	47,200
Net interest income after provision for credit losses
151,534	140,345	152,850	145,873	149,750	152,430	139,295	139,309	142,592	124,222	119,773	111,741	115,011	110,611	110,177	108,421	110,068	92,503	70,022	66,178	71,263	72,212	66,980	67,685	68,516	85,075	74,104	73,993	72,245	68,916	21,157	42,205	35,655	22,618	1,681	33,618
Non-interest income:
Mortgage banking revenue
9,626	9,916	18,926	25,047	22,374	28,242	30,152	28,456	35,524	49,095	39,615	27,482	26,542	30,692	35,648	24,544	29,080	16,823	187	59	-	177	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease financing revenue, net
31,657	25,205	22,918	24,710	23,620	23,148	18,401	21,418	19,868	18,864	15,708	19,046	15,937	20,000	15,564	25,080	18,542	17,719	14,853	13,196	15,808	14,070	15,102	16,263	12,419	9,671	7,334	6,958	7,801	6,494	6,861	5,783	7,185	5,022	5,026	4,620
Treasury management fees
14,287	15,226	15,066	15,156	15,234	14,508	14,499	14,689	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth management fees
9,204	9,089	8,969	9,121	9,024	8,702	8,498	8,520	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial deposit and treasury management fees
-	-	-	-	-	-	-	-	-	12,957	11,548	11,878	-	11,472	11,062	11,038	10,720	9,345	7,106	7,144	6,545	6,327	6,029	5,966	6,095	5,860	5,784	5,897	-	6,157	-	-	-	-	-	-
Trust and asset management fees
-	-	-	-	-	-	-	-	-	8,244	8,236	7,950	6,077	6,002	5,752	5,714	5,515	5,712	5,405	5,207	4,975	4,799	4,874	4,494	4,623	4,428	4,535	4,404	4,166	4,272	4,455	4,431	4,243	3,923	3,536	3,335
Card fees
5,851	5,362	5,654	4,787	5,032	4,585	4,413	4,566	4,340	4,161	4,045	3,525	3,651	3,335	4,409	3,927	3,900	3,836	3,304	2,701	2,838	2,745	2,735	2,695	2,505	2,388	2,429	2,046	1,111	2,071	2,062	1,788	-	-	-	-
Capital markets and international banking fees
3,637	1,913	3,785	2,998	3,999	4,870	3,586	3,253	4,021	3,313	2,771	3,227	2,355	2,357	1,508	1,928	1,648	1,472	1,360	978	841	972	939	808	2,386	1,400	788	512	-	605	-	-	-	-	-	-
Consumer and other deposit service fees
3,031	3,051	2,929	2,912	3,261	3,424	3,285	3,363	3,563	3,559	3,161	3,025	3,440	3,499	3,260	3,083	3,335	3,362	3,156	2,935	3,481	3,648	3,593	3,246	3,655	3,786	3,534	3,453	-	-	9,023	10,030	-11,990	10,705	9,461	8,848
Retail and other deposit service fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,123	-	-	-	-	-	-
Brokerage fees
1,182	1,138	1,050	864	942	1,004	1,250	1,125	887	1,294	1,315	1,158	1,252	1,281	1,543	1,678	1,350	1,145	1,356	1,325	1,227	1,289	1,234	1,157	1,088	1,185	1,264	1,255	1,577	1,273	1,615	1,419	1,231	1,407	1,129	1,245
Loan service fees
2,252	2,103	2,148	2,245	2,197	2,114	2,037	1,969	1,952	1,792	1,961	1,752	1,890	1,531	1,353	1,485	1,864	1,069	916	965	1,214	1,427	1,911	1,011	2,436	1,075	1,267	1,067	711	1,706	2,812	1,126	1,187	1,659	2,042	1,284
Increase in cash surrender value of life insurance
1,301	1,298	1,272	1,108	1,511	1,321	1,301	1,288	1,316	1,055	850	854	864	852	836	839	865	855	834	827	848	851	842	844	893	890	870	917	944	1,014	1,451	968	930	1,209	706	671
Net (loss) gain on investment securities
-	-85	-86	-174	111	83	137	231	178	0	269	0	-3	371	-84	-460	491	-3,246	-87	317	-15	1	14	-1	311	281	-34	-3	411	0	232	-3	-4	9,482	2,304	6,866
Net loss on disposal of other assets
-10	-32	-397	-357	-2,016	-180	-4	-123	-749	5	-2	-48	0	1	-7	4	3,476	-7	-24	7	-323	0	0	0	-905	-12	-8	-17	-87	0	13	357	419	299	-99	11
Acquisition related gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,649	-
Accretion of FDIC indemnification asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	143	-	204	222	475	683	985	1,339	1,831	-	3,602	3,067	-
Net gain on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	506	639	-	575	554	374	-	190	1,912	-	-	-	-	-
Other operating income
-427	5,657	6,072	4,385	4,534	4,110	3,615	3,695	2,491	4,048	2,523	1,844	1,909	858	2,105	2,408	2,892	1,107	1,562	951	1,507	1,401	1,060	1,438	2,484	760	809	2,105	1,241	595	2,015	1,785	3,793	-1,510	2,885	-423
Total non-interest income
81,680	79,841	88,306	92,802	89,823	95,931	91,170	92,450	96,070	108,387	92,000	81,693	75,625	82,251	82,949	81,268	83,678	61,087	39,928	36,612	39,045	37,707	38,939	38,703	53,879	28,553	23,907	22,854	38,064	26,367	29,145	29,143	30,795	35,798	92,706	26,457
Non-interest expenses:
Salaries and employee benefits expense
95,683	101,885	123,478	106,514	109,247	105,815	102,566	101,551	108,428	111,478	95,004	85,591	84,709	87,891	86,145	84,786	85,483	79,492	46,622	44,377	45,517	44,918	43,909	43,514	43,038	42,083	40,146	40,429	39,846	38,422	37,815	37,775	36,399	37,424	37,104	33,422
Occupancy and equipment expense
15,448	16,117	16,451	17,429	16,846	15,382	15,284	15,044	15,689	14,766	13,415	13,260	12,935	12,458	12,177	12,940	14,058	11,742	9,518	9,592	9,269	8,797	9,408	9,404	8,774	8,274	9,188	9,570	8,498	9,092	8,483	9,394	7,938	8,800	8,928	9,179
Computer services and telecommunication expense
10,745	12,684	10,871	11,156	11,304	10,062	9,785	9,440	11,800	12,836	9,777	9,055	8,445	8,567	8,537	8,904	10,009	11,506	5,079	5,084	5,509	4,870	4,617	3,887	4,160	3,777	3,909	3,653	4,382	3,488	3,570	3,445	6,111	2,654	3,322	2,528
Advertising and marketing expense
2,783	3,432	3,342	3,863	3,271	2,558	3,245	3,161	3,045	3,084	2,964	2,878	2,551	2,578	2,497	2,446	2,317	2,235	2,221	2,081	2,085	1,917	2,167	2,103	2,335	1,936	1,839	2,073	1,831	1,740	1,748	1,719	1,573	1,620	1,639	1,633
Professional and legal expense
4,162	2,586	8,887	1,898	2,957	2,109	2,450	2,691	2,509	4,460	3,321	2,589	4,169	1,801	2,413	2,670	2,442	8,864	1,567	1,779	3,057	3,102	1,353	1,295	1,640	1,554	1,503	1,413	1,422	1,647	1,853	1,225	1,718	1,637	1,370	1,078
Brokerage fee expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	596	420	462
Telecommunication expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	975	964	908
Other intangibles amortization expense
2,200	1,854	1,896	1,902	1,979	2,038	2,086	2,090	2,388	1,674	1,617	1,626	1,546	1,542	1,509	1,518	1,617	1,470	1,174	1,240	1,489	1,513	1,538	1,544	1,251	1,251	1,251	1,257	1,410	1,414	1,416	1,425	1,632	1,567	1,505	1,510
FDIC insurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,272	3,502	3,428	-	3,873	3,833	3,964
Branch exit and facilities impairment charges (recovery)
613	3,292	340	0	-327	2,773	6,589	-682	0	-2,908	155	44	616	70	438	7,391	2,270	0	0	0	-	-	-	-	-	758	-	-	594	0	0	1,000	-	-	-	-
Net loss (gain) recognized on other real estate owned and other related expense
-841	-248	-1,048	-47	104	86	-690	-844	790	721	-258	346	729	-577	-724	-896	-286	-2,178	-528	-583	-	-1,031	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	85	0	0	0	0	-	-	-	-	-	12,682	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-6,255	0	-3,136	-	0	0	0	-	-	-	-	-	-	-	-	-	1,895	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment loss
-	0	3,623	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss recognized on other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,015	-330	-	-3,938	-5,441	-6,589	-5,478	-3,118	-4,645	-372	-	-	-	-
Other real estate expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	193	139	-	874	424	1,243	1,464	1,181	1,251	398	858	734	417	685
Other operating expenses
16,656	20,191	23,056	21,941	30,655	22,310	23,517	22,203	25,938	25,716	21,395	21,103	12,989	18,782	18,297	18,284	22,022	24,714	11,321	11,311	10,174	10,117	9,083	9,213	8,027	7,976	8,574	7,693	19,188	7,352	7,090	7,055	24,381	6,598	6,530	6,282
Total non-interest expenses
151,638	168,544	192,992	167,886	175,828	162,961	166,212	156,342	169,007	170,385	147,906	135,800	127,231	134,266	132,737	139,920	140,504	142,201	78,030	76,047	76,641	76,265	70,253	71,429	88,700	81,165	66,834	67,331	83,046	66,608	66,728	66,864	64,615	66,478	66,032	61,651
Income before income taxes
81,576	51,642	48,164	70,789	63,745	85,400	64,253	75,417	69,655	62,224	63,867	57,634	63,405	58,596	60,389	49,769	53,242	11,389	31,920	26,743	33,667	33,654	35,666	34,959	33,695	32,463	31,177	29,516	27,263	28,675	-16,426	4,484	1,835	-8,062	28,355	-1,576
Income tax expense (benefit)
5,665	8,928	9,631	14,032	-80,449	24,557	19,787	20,880	22,464	17,805	20,455	18,520	19,798	18,318	19,437	15,658	17,117	4,488	8,814	6,774	9,811	9,254	10,373	10,053	9,683	9,330	9,034	8,430	7,810	8,978	-9,060	-2,460	-1,358	-5,253	9,158	-2,523
Net income
75,911	42,714	38,533	56,757	144,194	60,843	44,466	54,537	47,191	44,419	43,412	39,114	43,607	40,278	40,952	34,111	36,125	6,901	23,106	19,969	23,856	24,400	25,293	24,906	24,012	23,133	22,143	21,086	19,453	19,697	-7,366	6,944	3,193	-2,809	19,197	947
Dividends on preferred shares
3,000	3,000	3,000	3,100	2,000	2,002	2,002	2,003	2,005	2,004	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	0	0	-	0	-	-	0	0	0	3,269	2,606	2,605	2,602	2,601	2,598	2,597	2,594	2,593
Preferred Stock Redemption Discount
0	0	0	15,280	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common stockholders
72,911	39,714	35,533	68,937	142,194	58,841	42,464	52,534	45,186	42,415	41,412	37,114	41,607	38,278	38,952	32,111	34,125	4,901	23,106	19,969	-	24,400	-	-	24,012	23,133	22,143	17,817	16,847	17,092	-9,968	4,343	595	-5,406	16,603	-1,646
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