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Segment Results (Tables)
3 Months Ended
Mar. 31, 2013
Segment Results  
Schedule of segment results

 

 

 

 

For the three months ended March 31, 2013

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

183,562

 

$

314

 

$

17,197

 

$

201,073

 

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

 

 

 

 

 

Provision for losses on covered loans

 

9,892

 

 

 

9,892

 

Noninterest income

 

50,263

 

55,452

 

(12,187

)

93,528

 

Depreciation and amortization

 

3,618

 

1,900

 

4,586

 

10,104

 

Noninterest expense

 

170,860

 

47,117

 

(16,741

)

201,236

 

Income before income taxes

 

49,455

 

6,749

 

17,165

 

73,369

 

Provision (benefit) for income taxes

 

20,771

 

2,589

 

(2,099

)

21,261

 

Net income

 

28,684

 

4,160

 

19,264

 

52,108

 

Less: Net income attributable to noncontrolling interest

 

 

585

 

 

585

 

Net income attributable to City National Corporation

 

$

28,684

 

$

3,575

 

$

19,264

 

$

51,523

 

 

 

 

 

 

 

 

 

 

 

Selected Average Balances:

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

14,754,689

 

$

 

$

54,652

 

$

14,809,341

 

Covered loans

 

989,452

 

 

 

989,452

 

Total assets

 

15,985,918

 

644,338

 

11,078,903

 

27,709,159

 

Deposits

 

21,840,183

 

106,345

 

464,425

 

22,410,953

 

Goodwill

 

393,177

 

249,445

 

 

642,622

 

Customer-relationship intangibles, net

 

5,916

 

41,394

 

 

47,310

 

 

 

 

For the three months ended March 31, 2012

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

171,815

 

$

615

 

$

28,283

 

$

200,713

 

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

 

 

 

 

 

Provision for losses on covered loans

 

7,466

 

 

 

7,466

 

Noninterest income

 

47,245

 

39,371

 

(10,916

)

75,700

 

Depreciation and amortization

 

3,582

 

1,446

 

4,286

 

9,314

 

Noninterest expense

 

171,524

 

36,053

 

(16,171

)

191,406

 

Income before income taxes

 

36,488

 

2,487

 

29,252

 

68,227

 

Provision for income taxes

 

15,325

 

943

 

5,451

 

21,719

 

Net income

 

21,163

 

1,544

 

23,801

 

46,508

 

Less: Net income attributable to noncontrolling interest

 

 

243

 

 

243

 

Net income attributable to City National Corporation

 

$

21,163

 

$

1,301

 

$

23,801

 

$

46,265

 

 

 

 

 

 

 

 

 

 

 

Selected Average Balances:

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

12,379,023

 

$

 

$

53,269

 

$

12,432,292

 

Covered loans

 

1,438,714

 

 

 

1,438,714

 

Total assets

 

14,137,481

 

537,732

 

8,969,686

 

23,644,899

 

Deposits

 

19,721,998

 

99,035

 

396,362

 

20,217,395

 

Goodwill

 

324,761

 

161,921

 

 

486,682

 

Customer-relationship intangibles, net

 

9,007

 

26,493

 

 

35,500