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Segment Results (Tables)
9 Months Ended
Sep. 30, 2013
Segment Results  
Schedule of segment results

 

 

 

 

For the three months ended September 30, 2013

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

194,678

 

$

243

 

$

19,350

 

$

214,271

 

Provision for losses on covered loans

 

2,496

 

 

 

2,496

 

Noninterest income

 

38,601

 

57,536

 

(7,254

)

88,883

 

Depreciation and amortization

 

3,263

 

1,878

 

4,618

 

9,759

 

Noninterest expense

 

170,019

 

48,184

 

(18,598

)

199,605

 

Income before income taxes

 

57,501

 

7,717

 

26,076

 

91,294

 

Provision for income taxes

 

17,153

 

2,120

 

7,779

 

27,052

 

Net income

 

40,348

 

5,597

 

18,297

 

64,242

 

Less: Net income attributable to noncontrolling interest

 

 

609

 

 

609

 

Net income attributable to City National Corporation

 

$

40,348

 

$

4,988

 

$

18,297

 

$

63,633

 

 

 

 

 

 

 

 

 

 

 

Selected Average Balances:

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

15,989,181

 

$

 

$

50,572

 

$

16,039,753

 

Covered loans

 

818,928

 

 

 

818,928

 

Total assets

 

17,014,239

 

644,677

 

10,402,218

 

28,061,134

 

Deposits

 

23,817,083

 

76,052

 

408,512

 

24,301,647

 

Goodwill

 

393,176

 

249,446

 

 

642,622

 

Customer-relationship intangibles, net

 

4,445

 

39,024

 

 

43,469

 

 

 

 

For the three months ended September 30, 2012

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

184,552

 

$

1,133

 

$

24,237

 

$

209,922

 

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

 

2,000

 

 

 

2,000

 

Provision for losses on covered loans

 

18,089

 

 

 

18,089

 

Noninterest income

 

59,911

 

54,405

 

(7,059

)

107,257

 

Depreciation and amortization

 

3,569

 

1,996

 

4,691

 

10,256

 

Noninterest expense

 

169,652

 

45,387

 

(17,409

)

197,630

 

Income before income taxes

 

51,153

 

8,155

 

29,896

 

89,204

 

Provision for income taxes

 

16,730

 

2,545

 

9,777

 

29,052

 

Net income

 

34,423

 

5,610

 

20,119

 

60,152

 

Less: Net income attributable to noncontrolling interest

 

 

372

 

 

372

 

Net income attributable to City National Corporation

 

$

34,423

 

$

5,238

 

$

20,119

 

$

59,780

 

 

 

 

 

 

 

 

 

 

 

Selected Average Balances:

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

13,526,284

 

$

 

$

61,224

 

$

13,587,508

 

Covered loans

 

1,207,031

 

 

 

1,207,031

 

Total assets

 

15,098,090

 

638,445

 

9,918,059

 

25,654,594

 

Deposits

 

21,298,105

 

104,195

 

538,520

 

21,940,820

 

Goodwill

 

393,176

 

239,297

 

 

632,473

 

Customer-relationship intangibles, net

 

7,392

 

47,359

 

 

54,751

 

 

 

 

For the nine months ended September 30, 2013

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

563,662

 

$

805

 

$

53,796

 

$

618,263

 

Provision for losses on covered loans

 

461

 

 

 

461

 

Noninterest income

 

119,418

 

171,461

 

(26,259

)

264,620

 

Depreciation and amortization

 

10,505

 

5,654

 

13,884

 

30,043

 

Noninterest expense

 

512,234

 

143,920

 

(54,064

)

602,090

 

Income before income taxes

 

159,880

 

22,692

 

67,717

 

250,289

 

Provision for income taxes

 

47,414

 

6,238

 

20,083

 

73,735

 

Net income

 

112,466

 

16,454

 

47,634

 

176,554

 

Less: Net income attributable to noncontrolling interest

 

 

1,657

 

 

1,657

 

Net income attributable to City National Corporation

 

$

112,466

 

$

14,797

 

$

47,634

 

$

174,897

 

 

 

 

 

 

 

 

 

 

 

Selected Average Balances:

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

15,378,936

 

$

 

$

53,303

 

$

15,432,239

 

Covered loans

 

905,411

 

 

 

905,411

 

Total assets

 

16,505,794

 

647,273

 

10,594,847

 

27,747,914

 

Deposits

 

22,696,050

 

100,922

 

487,093

 

23,284,065

 

Goodwill

 

393,176

 

249,446

 

 

642,622

 

Customer-relationship intangibles, net

 

5,174

 

40,197

 

 

45,371

 

 

 

 

For the nine months ended September 30, 2012

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

541,125

 

$

2,396

 

$

83,593

 

$

627,114

 

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

 

3,000

 

 

 

3,000

 

Provision for losses on covered loans

 

38,848

 

 

 

38,848

 

Noninterest income

 

156,884

 

133,743

 

(32,902

)

257,725

 

Depreciation and amortization

 

10,565

 

4,980

 

13,556

 

29,101

 

Noninterest expense

 

506,437

 

117,650

 

(50,066

)

574,021

 

Income before income taxes

 

139,159

 

13,509

 

87,201

 

239,869

 

Provision for income taxes

 

45,469

 

4,080

 

28,493

 

78,042

 

Net income

 

93,690

 

9,429

 

58,708

 

161,827

 

Less: Net income attributable to noncontrolling interest

 

 

1,024

 

 

1,024

 

Net income attributable to City National Corporation

 

$

93,690

 

$

8,405

 

$

58,708

 

$

160,803

 

 

 

 

 

 

 

 

 

 

 

Selected Average Balances:

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

12,994,726

 

$

 

$

55,797

 

$

13,050,523

 

Covered loans

 

1,328,484

 

 

 

1,328,484

 

Total assets

 

14,656,439

 

569,047

 

9,332,544

 

24,558,030

 

Deposits

 

20,469,604

 

100,038

 

469,149

 

21,038,791

 

Goodwill

 

362,868

 

188,197

 

 

551,065

 

Customer-relationship intangibles, net

 

8,173

 

33,240

 

 

41,413