| Dec'17 | Dec'16 | Dec'15 | Dec'14 | |||
|---|---|---|---|---|---|---|
Non-interest income | ||||||
Asset management | ||||||
24,711 | 21,106 | 18,910 | 17,728 | |||
Banking | ||||||
43,772 | 39,342 | 35,221 | 34,280 | |||
Foreign exchange revenue | ||||||
32,222 | 30,606 | 31,896 | 29,379 | |||
Trust | ||||||
44,936 | 44,060 | 40,264 | 38,268 | |||
Custody and other administration services | ||||||
8,149 | 8,883 | 9,522 | 10,166 | |||
Other non-interest income | ||||||
4,035 | 3,476 | 4,359 | 5,009 | |||
Total non-interest income | ||||||
157,825 | 147,473 | 140,172 | 134,830 | |||
Interest income | ||||||
Interest and fees on loans | ||||||
187,020 | 188,000 | 186,486 | 191,986 | |||
Investments (none of the investment securities are intrinsically tax-exempt) | ||||||
Trading | ||||||
0 | 1,725 | 5,894 | 9,078 | |||
Available-for-sale | ||||||
65,299 | 53,184 | 51,077 | 48,044 | |||
Held-to-maturity | ||||||
36,132 | 22,261 | 12,607 | 10,635 | |||
Deposits with banks | ||||||
17,178 | 9,759 | 6,517 | 5,358 | |||
Total interest income | ||||||
305,629 | 274,929 | 262,581 | 265,101 | |||
Interest expense | ||||||
Deposits | ||||||
10,931 | 11,831 | 18,446 | 20,903 | |||
Long-term debt | ||||||
4,954 | 4,500 | 4,861 | 5,628 | |||
Securities sold under repurchase agreements | ||||||
0 | 118 | 8 | 83 | |||
Total interest expense | ||||||
15,885 | 16,449 | 23,315 | 26,614 | |||
Net interest income before provision for credit losses | ||||||
289,744 | 258,480 | 239,266 | 238,487 | |||
Provision for credit losses | ||||||
-5,837 | 4,399 | 5,741 | 8,048 | |||
Net interest income after provision for credit losses | ||||||
295,581 | 254,081 | 233,525 | 230,439 | |||
Net trading gains (losses) | ||||||
511 | 715 | -562 | 10,070 | |||
Net realized gains (losses) on available-for-sale investments | ||||||
4,186 | 1,546 | -4,407 | 8,680 | |||
Net gains (losses) on other real estate owned | ||||||
-2,383 | -440 | 277 | -1,804 | |||
Impairment of fixed assets | ||||||
0 | 0 | 5,083 | 1,986 | |||
Net gain on sale of equity method investments | ||||||
- | - | - | 277 | |||
Net other gains (losses) | ||||||
-1,045 | -807 | 338 | 451 | |||
Total other gains (losses) | ||||||
1,269 | 1,014 | -9,437 | 15,688 | |||
Total net revenue | ||||||
454,675 | 402,568 | 364,260 | 380,957 | |||
Non-interest expense | ||||||
Salaries and other employee benefits | ||||||
153,228 | 139,967 | 134,917 | 129,761 | |||
Technology and communications | ||||||
53,999 | 57,441 | 57,069 | 57,119 | |||
Professional and outside services | ||||||
27,181 | 18,851 | 27,638 | 24,022 | |||
Property | ||||||
19,878 | 21,043 | 21,539 | 24,312 | |||
Indirect taxes | ||||||
18,050 | 16,352 | 13,882 | 14,175 | |||
Marketing | ||||||
5,739 | 4,513 | 3,919 | 3,802 | |||
Amortization of intangible assets | ||||||
4,210 | 4,514 | 4,424 | 4,281 | |||
Restructuring costs | ||||||
1,772 | 6,266 | 2,183 | 0 | |||
Other expenses | ||||||
16,279 | 16,952 | 19,674 | 15,495 | |||
Total non-interest expense | ||||||
300,336 | 285,899 | 285,245 | 272,967 | |||
Net income before income taxes | ||||||
154,339 | 116,669 | 79,015 | 107,990 | |||
Income tax expense | ||||||
1,087 | 727 | 1,276 | -169 | |||
Net income | ||||||
153,252 | 115,942 | 77,739 | 108,159 | |||
Cash dividends declared on preference shares | ||||||
0 | 13,979 | 14,631 | 14,712 | |||
Preference shares guarantee fee | ||||||
0 | 1,676 | 1,824 | 1,834 | |||
Premium paid on repurchase of preference shares | ||||||
0 | 41,913 | 28 | 96 | |||
Net income attributable to common shareholders | ||||||
153,252 | 58,374 | 61,256 | 91,517 | |||
Earnings per common share | ||||||
Basic earnings per share (in dollars per share) | ||||||
2.82 | 1.20 | 1.25 | 1.67 | |||
Diluted earnings per share (in dollars per share) | ||||||
2.76 | 1.18 | 1.23 | 1.65 | |||
Dividend per share (in dollars per share) | ||||||
1.28 | 0.40 | 0.50 | - | |||