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Segment Results (Tables)
12 Months Ended
Dec. 31, 2014
Segment Results  
Schedule of segment results

 

 

 

For the year ended December 31, 2014

 

(in thousands)

 

Commercial and
Private Banking

 

Wealth
Management

 

Other

 

Consolidated
Company

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

816,693

 

$

1,769

 

$

39,775

 

$

858,237

 

(Reversal of) provision for credit losses on loans and leases, excluding covered loans

 

 

(14,000

)

 

 

 

 

 

(14,000

)

Provision for losses on covered loans

 

 

3,829

 

 

 

 

 

 

3,829

 

Noninterest income

 

 

193,591

 

 

271,175

 

 

(53,188

)

 

411,578

 

Depreciation and amortization

 

 

11,131

 

 

7,149

 

 

19,932

 

 

38,212

 

Noninterest expense

 

 

723,819

 

 

223,422

 

 

(83,264

)

 

863,977

 

​  

​  

​  

​  

​  

​  

​  

​  

Income before income taxes

 

 

285,505

 

 

42,373

 

 

49,919

 

 

377,797

 

Provision for income taxes

 

 

90,752

 

 

12,588

 

 

15,868

 

 

119,208

 

​  

​  

​  

​  

​  

​  

​  

​  

Net income

 

 

194,753

 

 

29,785

 

 

34,051

 

 

258,589

 

Less: Net income attributable to noncontrolling interest

 

 

 

 

2,770

 

 

 

 

2,770

 

​  

​  

​  

​  

​  

​  

​  

​  

Net income attributable to City National Corporation

 

$

194,753

 

$

27,015

 

$

34,051

 

$

255,819

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Selected Average Balances:

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

18,397,235

 

$

 

$

56,458

 

$

18,453,693

 

Covered loans

 

 

612,078

 

 

 

 

 

 

612,078

 

Total assets

 

 

19,176,162

 

 

706,729

 

 

10,874,241

 

 

30,757,132

 

Deposits

 

 

26,357,727

 

 

75,108

 

 

242,885

 

 

26,675,720

 

Goodwill

 

 

393,176

 

 

247,651

 

 

 

 

640,827

 

Customer-relationship intangibles, net

 

 

2,532

 

 

35,231

 

 

 

 

37,763

 

 

 

 

For the year ended December 31, 2013

 

(in thousands)

 

Commercial and
Private Banking

 

Wealth
Management

 

Other

 

Consolidated
Company

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

757,659

 

$

995

 

$

65,061

 

$

823,715

 

Provision for losses on covered loans

 

 

635

 

 

 

 

 

 

635

 

Noninterest income

 

 

161,330

 

 

232,948

 

 

(39,109

)

 

355,169

 

Depreciation and amortization

 

 

13,687

 

 

7,362

 

 

18,735

 

 

39,784

 

Noninterest expense

 

 

687,238

 

 

197,451

 

 

(73,359

)

 

811,330

 

​  

​  

​  

​  

​  

​  

​  

​  

Income before income taxes

 

 

217,429

 

 

29,130

 

 

80,576

 

 

327,135

 

Provision for income taxes

 

 

63,374

 

 

7,760

 

 

23,485

 

 

94,619

 

​  

​  

​  

​  

​  

​  

​  

​  

Net income

 

 

154,055

 

 

21,370

 

 

57,091

 

 

232,516

 

Less: Net income attributable to noncontrolling interest

 

 

 

 

2,507

 

 

 

 

2,507

 

​  

​  

​  

​  

​  

​  

​  

​  

Net income attributable to City National Corporation

 

$

154,055

 

$

18,863

 

$

57,091

 

$

230,009

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Selected Average Balances:

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

15,721,881

 

$

 

$

53,999

 

$

15,775,880

 

Covered loans

 

 

865,640

 

 

 

 

 

 

865,640

 

Total assets

 

 

16,807,769

 

 

649,775

 

 

10,833,429

 

 

28,290,973

 

Deposits

 

 

23,423,943

 

 

97,866

 

 

432,354

 

 

23,954,163

 

Goodwill

 

 

393,176

 

 

249,446

 

 

 

 

642,622

 

Customer-relationship intangibles, net

 

 

4,812

 

 

39,625

 

 

 

 

44,437

 

 

 

 

For the year ended December 31, 2012

 

(in thousands)

 

Commercial and
Private Banking

 

Wealth
Management

 

Other

 

Consolidated
Company

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

724,377

 

$

3,668

 

$

102,791

 

$

830,836

 

Provision for credit losses on loans and leases, excluding covered loans

 

 

10,000

 

 

 

 

 

 

10,000

 

Provision for losses on covered loans

 

 

45,346

 

 

 

 

 

 

45,346

 

Noninterest income

 

 

214,195

 

 

187,838

 

 

(44,430

)

 

357,603

 

Depreciation and amortization

 

 

14,207

 

 

7,289

 

 

18,257

 

 

39,753

 

Noninterest expense

 

 

684,932

 

 

168,309

 

 

(67,856

)

 

785,385

 

​  

​  

​  

​  

​  

​  

​  

​  

Income before income taxes

 

 

184,087

 

 

15,908

 

 

107,960

 

 

307,955

 

Provision for income taxes

 

 

59,281

 

 

4,774

 

 

34,767

 

 

98,822

 

​  

​  

​  

​  

​  

​  

​  

​  

Net income

 

 

124,806

 

 

11,134

 

 

73,193

 

 

209,133

 

Less: Net income attributable to noncontrolling interest

 

 

 

 

1,084

 

 

 

 

1,084

 

​  

​  

​  

​  

​  

​  

​  

​  

Net income attributable to City National Corporation

 

$

124,806

 

$

10,050

 

$

73,193

 

$

208,049

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Selected Average Balances:

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

13,223,860

 

$

 

$

61,360

 

$

13,285,220

 

Covered loans

 

 

1,268,513

 

 

 

 

 

 

1,268,513

 

Total assets

 

 

14,836,148

 

 

589,959

 

 

9,810,065

 

 

25,236,172

 

Deposits

 

 

21,063,846

 

 

102,144

 

 

462,878

 

 

21,628,868

 

Goodwill

 

 

370,487

 

 

203,362

 

 

 

 

573,849

 

Customer-relationship intangibles, net

 

 

7,790

 

 

35,598

 

 

 

 

43,388