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Segment Results (Tables)
3 Months Ended
Mar. 31, 2015
Segment Results  
Schedule of segment results

 

 

 

 

For the three months ended March 31, 2015

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

207,826

 

$

807

 

$

7,947

 

$

216,580

 

Provision for losses on covered loans

 

497

 

 

 

497

 

Noninterest income

 

51,496

 

75,089

 

(15,510

)

111,075

 

Depreciation and amortization

 

2,715

 

1,861

 

11,783

 

16,359

 

Noninterest expense

 

189,882

 

54,603

 

(26,402

)

218,083

 

Income before income taxes

 

66,228

 

19,432

 

7,056

 

92,716

 

Provision for income taxes

 

21,987

 

6,268

 

2,342

 

30,597

 

Net income

 

44,241

 

13,164

 

4,714

 

62,119

 

Less: Net income attributable to noncontrolling interest

 

 

553

 

 

553

 

Net income attributable to City National Corporation

 

$

44,241

 

$

12,611

 

$

4,714

 

$

61,566

 

 

 

 

 

 

 

 

 

 

 

Selected Average Balances:

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

20,348,103

 

$

 

$

56,617

 

$

20,404,720

 

Covered loans

 

492,438

 

 

 

492,438

 

Total assets

 

20,960,198

 

745,258

 

10,554,163

 

32,259,619

 

Deposits

 

27,549,867

 

87,848

 

170,668

 

27,808,383

 

Goodwill

 

393,177

 

242,691

 

 

635,868

 

Customer-relationship intangibles, net

 

1,650

 

32,534

 

 

34,184

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended March 31, 2014

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

189,708

 

$

325

 

$

9,765

 

$

199,798

 

Provision for losses on covered loans

 

4,655

 

 

 

4,655

 

Noninterest income

 

47,142

 

63,566

 

(9,460

)

101,248

 

Depreciation and amortization

 

2,821

 

1,747

 

4,747

 

9,315

 

Noninterest expense

 

167,695

 

52,214

 

(18,372

)

201,537

 

Income before income taxes

 

61,679

 

9,930

 

13,930

 

85,539

 

Provision for income taxes

 

22,544

 

3,375

 

5,091

 

31,010

 

Net income

 

39,135

 

6,555

 

8,839

 

54,529

 

Less: Net income attributable to noncontrolling interest

 

 

699

 

 

699

 

Net income attributable to City National Corporation

 

$

39,135

 

$

5,856

 

$

8,839

 

$

53,830

 

 

 

 

 

 

 

 

 

 

 

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

 

18,239,567

 

657,723

 

10,516,708

 

29,413,998

 

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