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Segment Results (Tables)
3 Months Ended
Mar. 31, 2014
Segment Results  
Schedule of segment results

 

 

 

 

For the three months ended March 31, 2014

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

189,542

 

$

325

 

$

9,931

 

$

199,798

 

Provision for losses on covered loans

 

4,655

 

 

 

4,655

 

Noninterest income

 

48,214

 

64,093

 

(11,059

)

101,248

 

Depreciation and amortization

 

2,821

 

1,747

 

4,747

 

9,315

 

Noninterest expense

 

171,857

 

52,944

 

(19,223

)

205,578

 

Income before income taxes

 

58,423

 

9,727

 

13,348

 

81,498

 

Provision for income taxes

 

19,008

 

2,937

 

4,343

 

26,288

 

Net income

 

39,415

 

6,790

 

9,005

 

55,210

 

Less: Net income attributable to noncontrolling interest

 

 

699

 

 

699

 

Net income attributable to City National Corporation

 

$

39,415

 

$

6,091

 

$

9,005

 

$

54,511

 

 

 

 

 

 

 

 

 

 

 

Selected Average Balances:

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

17,283,410

 

$

 

$

55,009

 

$

17,338,419

 

Covered loans

 

696,163

 

 

 

696,163

 

Total assets

 

18,242,376

 

657,723

 

10,526,261

 

29,426,360

 

Deposits

 

25,051,747

 

87,769

 

232,082

 

25,371,598

 

Goodwill

 

393,177

 

249,445

 

 

642,622

 

Customer-relationship intangibles, net

 

3,134

 

36,921

 

 

40,055

 

 

 

 

For the three months ended March 31, 2013

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

183,959

 

$

316

 

$

16,798

 

$

201,073

 

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

 

170,958

 

47,019

 

(16,741

)

201,236

 

Income before income taxes

 

49,754

 

6,849

 

16,766

 

73,369

 

Provision for income taxes

 

14,533

 

1,830

 

4,898

 

21,261

 

Net income

 

35,221

 

5,019

 

11,868

 

52,108

 

Less: Net income attributable to noncontrolling interest

 

 

585

 

 

585

 

Net income attributable to City National Corporation

 

$

35,221

 

$

4,434

 

$

11,868

 

$

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