mb 3q 2013 company quarterly
DESCRIPTION
ÂTRANSCRIPT
![Page 1: MB 3Q 2013 Company Quarterly](https://reader036.vdocuments.us/reader036/viewer/2022081810/568c4d2c1a28ab4916a2f0ea/html5/thumbnails/1.jpg)
mb 3 Q.2013
Company QuarterlyResults for September 30, 2013
MB Financial, Inc. is the Chicago-based holding company of MB Financial Bank,
N.A. We are defined by tradition dating back over 100 years of delivering a
healthy blend of high-caliber service and financial solutions to privately-held,
middle-market businesses and individuals, who live and work in the communities
we serve. While our product suite grows, the constant is our commitment to be
the best bank for our clients, communities, employees and shareholders. This
Company Quarterly provides a snapshot of our efforts toward that achievement.
Services
MB offers a full suite of products and services to help businesses and individuals realize financial success.
Commercial BankingWorking Capital Lines of CreditReal Estate FinancingEquipment LoansBusiness Acquisition LoansBusiness Credit CardsHealth Care FinancingCommercial Project FinancingStandby Letters of CreditIndustrial Revenue and Development Bond Financing
Bridge LoansAsset-Based Lending
Capital Markets*Correspondent BankingCurrency Exchange BankingIndirect LendingInstitutional BankingInternational BankingLease BankingBusiness BankingEmployee BankingPayment Solutions
Wealth ManagementPrivate BankingPersonal Trust ServicesEstate Settlement ServicesSpecial Needs Trust ServicesGuardianshipsInvestment ManagementRetirement Plan ServicesPublic PensionsFinancial Planning ServicesCustodyTax-Deferred Exchanges**
Treasury Management SolutionsOnline BankingComprehensive Balance and Transaction ReportingACH OriginationControlled DisbursementCurrency VaultFunds TransferLockbox – Wholesale and RetailPositive Pay – ACH and CheckAccount ReconcilementRemote Cash ProcessingEscrow Sub AccountingRemote Deposit CaptureAutomated SweepsMerchant Card ProcessingPaying Agent ServiceBusiness Online Payroll
Personal BankingChecking AccountsSavings AccountsMoney Market and NOW AccountsCDs/IRAsHealth Savings AccountsCDARSMortgagesHome Equity LoansHome Equity Lines of CreditConsumer LoansInternet BankingOnline Bill PayInvestment Services***Personal Credit CardsPrepaid CardsATM Freedom
4 MB Financial, Inc. Company Quarterly | September 30, 2013
Member FDIC
*Offered through M&A Securities Group, Inc., a registered broker/dealer, member FINRA/SIPC.M&A Securities is not affiliated with MB Financial Bank or its related companies. The products offered: are not insured by FDIC or any other government agency, not a bank deposit, nobank guarantee, may lose value.
**Provided through MB Financial Deferred Exchange Corporation.
***Offered through Cetera Investment Services LLC, a registered broker/dealer, memberFINRA/SIPC. Cetera is not affiliated with MB Financial Bank or its related companies. Theproducts offered: are not insured by FDIC or any other government agency, not a bankdeposit, no bank guarantee, may lose value.
1.888.i bank mb (1.888.422.6562) www.mbfinancial.com
![Page 2: MB 3Q 2013 Company Quarterly](https://reader036.vdocuments.us/reader036/viewer/2022081810/568c4d2c1a28ab4916a2f0ea/html5/thumbnails/2.jpg)
September 30 June 30 March 31 December 312013 2013 2013 2012
Net interest income $ 68,908 $ 67,480 $ 67,685 $ 69,516Provision for credit losses (3,304) 500 - 1,000Net interest income after provision 72,212 66,980 67,685 68,516Non-interest income 36,916 40,954 38,373 36,285Non-interest expense 75,474 72,268 71,099 71,106Income before income taxes 33,654 35,666 34,959 33,695Income taxes 9,254 10,373 10,053 9,683Net income $ 24,400 $ 25,293 $ 24,906 $ 24,012Diluted earnings per common share $ 0.44 $ 0.46 $ 0.46 $ 0 .44
MB’s total capital to risk-weightedassets significantly exceeds the Office of the Comptroller of theCurrency (OCC)’s “well-capitalized”threshold.
3
20.0%
15.0%
2012Q4
10.0%
5.0%
0.0%2013Q12013Q3 2013Q2
Total capital to risk-weighted assets
OCC “well- capitalized”
Income statement (in thousands, except per share data)
• As of September 30, 2013, total capital exceeded well capitalized limits by $435 million.
Three Months Ended
Note: It was announced in the second quarter of 2013 that MB Financial, Inc. and Taylor Capital Group, Inc. signed adefinitive merger agreement. Taylor Capital is the $6.0 billion holding company of Cole Taylor Bank, a commercial bankheadquartered in Chicago. Cole Taylor Bank is expected to merge into MB Financial Bank, establishing the premiercommercial bank serving middle-market businesses and their owners in the Chicago metropolitan area. The deal is expected to close in the first half of 2014.
• Grow our primary business lines • Deliver elite customer service• Provide customers with the right mix of financial solutions • Recruit, develop and retain top talent• Invest in key technologies
Company strategy
Balance sheet (in thousands)
September 30 June 30 March 31 December 312013 2013 2013 2012
AssetsCash and cash equivalents $ 256,717 $ 432,920 $ 240,031 $ 287,543Investment securities 2,334,537 2,232,976 2,382,388 2,416,977Net loans 5,468,701 5,544,502 5,585,866 5,642,726Other assets 1,197,663 1,159,261 1,177,545 1,224,559
Total assets $ 9,257,618 $ 9,369,659 $ 9,385,830 $ 9,571,805
Liabilities and Stockholders’ EquityLiabilitiesDeposits $ 7,298,686 $ 7,445,396 $ 7,451,906 $ 7,542,697Borrowings 455,093 445,398 440,463 488,717Other liabilities 194,371 182,784 198,658 264,621Total liabilities 7,948,150 8,073,578 8,091,027 8,296,035Total stockholders’ equity 1,309,468 1,296,081 1,294,803 1,275,770
Total liabilities and stockholders’ equity $ 9,257,618 $ 9,369,659 $ 9,385,830 $ 9,571,805
Return on average assets
2 MB Financial, Inc. Company Quarterly | September 30, 2013
1.00%
0.80%
2012Q4
0.60%
0.40%
0.20%
0.00%2013Q12013Q3 2013Q2
![Page 3: MB 3Q 2013 Company Quarterly](https://reader036.vdocuments.us/reader036/viewer/2022081810/568c4d2c1a28ab4916a2f0ea/html5/thumbnails/3.jpg)
September 30 June 30 March 31 December 312013 2013 2013 2012
Net interest income $ 68,908 $ 67,480 $ 67,685 $ 69,516Provision for credit losses (3,304) 500 - 1,000Net interest income after provision 72,212 66,980 67,685 68,516Non-interest income 36,916 40,954 38,373 36,285Non-interest expense 75,474 72,268 71,099 71,106Income before income taxes 33,654 35,666 34,959 33,695Income taxes 9,254 10,373 10,053 9,683Net income $ 24,400 $ 25,293 $ 24,906 $ 24,012Diluted earnings per common share $ 0.44 $ 0.46 $ 0.46 $ 0 .44
MB’s total capital to risk-weightedassets significantly exceeds the Office of the Comptroller of theCurrency (OCC)’s “well-capitalized”threshold.
3
20.0%
15.0%
2012Q4
10.0%
5.0%
0.0%2013Q12013Q3 2013Q2
Total capital to risk-weighted assets
OCC “well- capitalized”
Income statement (in thousands, except per share data)
• As of September 30, 2013, total capital exceeded well capitalized limits by $435 million.
Three Months Ended
Note: It was announced in the second quarter of 2013 that MB Financial, Inc. and Taylor Capital Group, Inc. signed adefinitive merger agreement. Taylor Capital is the $6.0 billion holding company of Cole Taylor Bank, a commercial bankheadquartered in Chicago. Cole Taylor Bank is expected to merge into MB Financial Bank, establishing the premiercommercial bank serving middle-market businesses and their owners in the Chicago metropolitan area. The deal is expected to close in the first half of 2014.
• Grow our primary business lines • Deliver elite customer service• Provide customers with the right mix of financial solutions • Recruit, develop and retain top talent• Invest in key technologies
Company strategy
Balance sheet (in thousands)
September 30 June 30 March 31 December 312013 2013 2013 2012
AssetsCash and cash equivalents $ 256,717 $ 432,920 $ 240,031 $ 287,543Investment securities 2,334,537 2,232,976 2,382,388 2,416,977Net loans 5,468,701 5,544,502 5,585,866 5,642,726Other assets 1,197,663 1,159,261 1,177,545 1,224,559
Total assets $ 9,257,618 $ 9,369,659 $ 9,385,830 $ 9,571,805
Liabilities and Stockholders’ EquityLiabilitiesDeposits $ 7,298,686 $ 7,445,396 $ 7,451,906 $ 7,542,697Borrowings 455,093 445,398 440,463 488,717Other liabilities 194,371 182,784 198,658 264,621Total liabilities 7,948,150 8,073,578 8,091,027 8,296,035Total stockholders’ equity 1,309,468 1,296,081 1,294,803 1,275,770
Total liabilities and stockholders’ equity $ 9,257,618 $ 9,369,659 $ 9,385,830 $ 9,571,805
Return on average assets
2 MB Financial, Inc. Company Quarterly | September 30, 2013
1.00%
0.80%
2012Q4
0.60%
0.40%
0.20%
0.00%2013Q12013Q3 2013Q2
![Page 4: MB 3Q 2013 Company Quarterly](https://reader036.vdocuments.us/reader036/viewer/2022081810/568c4d2c1a28ab4916a2f0ea/html5/thumbnails/4.jpg)
mb 3 Q.2013
Company QuarterlyResults for September 30, 2013
MB Financial, Inc. is the Chicago-based holding company of MB Financial Bank,
N.A. We are defined by tradition dating back over 100 years of delivering a
healthy blend of high-caliber service and financial solutions to privately-held,
middle-market businesses and individuals, who live and work in the communities
we serve. While our product suite grows, the constant is our commitment to be
the best bank for our clients, communities, employees and shareholders. This
Company Quarterly provides a snapshot of our efforts toward that achievement.
Services
MB offers a full suite of products and services to help businesses and individuals realize financial success.
Commercial BankingWorking Capital Lines of CreditReal Estate FinancingEquipment LoansBusiness Acquisition LoansBusiness Credit CardsHealth Care FinancingCommercial Project FinancingStandby Letters of CreditIndustrial Revenue and Development Bond Financing
Bridge LoansAsset-Based Lending
Capital Markets*Correspondent BankingCurrency Exchange BankingIndirect LendingInstitutional BankingInternational BankingLease BankingBusiness BankingEmployee BankingPayment Solutions
Wealth ManagementPrivate BankingPersonal Trust ServicesEstate Settlement ServicesSpecial Needs Trust ServicesGuardianshipsInvestment ManagementRetirement Plan ServicesPublic PensionsFinancial Planning ServicesCustodyTax-Deferred Exchanges**
Treasury Management SolutionsOnline BankingComprehensive Balance and Transaction ReportingACH OriginationControlled DisbursementCurrency VaultFunds TransferLockbox – Wholesale and RetailPositive Pay – ACH and CheckAccount ReconcilementRemote Cash ProcessingEscrow Sub AccountingRemote Deposit CaptureAutomated SweepsMerchant Card ProcessingPaying Agent ServiceBusiness Online Payroll
Personal BankingChecking AccountsSavings AccountsMoney Market and NOW AccountsCDs/IRAsHealth Savings AccountsCDARSMortgagesHome Equity LoansHome Equity Lines of CreditConsumer LoansInternet BankingOnline Bill PayInvestment Services***Personal Credit CardsPrepaid CardsATM Freedom
4 MB Financial, Inc. Company Quarterly | September 30, 2013
Member FDIC
*Offered through M&A Securities Group, Inc., a registered broker/dealer, member FINRA/SIPC.M&A Securities is not affiliated with MB Financial Bank or its related companies. The products offered: are not insured by FDIC or any other government agency, not a bank deposit, nobank guarantee, may lose value.
**Provided through MB Financial Deferred Exchange Corporation.
***Offered through Cetera Investment Services LLC, a registered broker/dealer, memberFINRA/SIPC. Cetera is not affiliated with MB Financial Bank or its related companies. Theproducts offered: are not insured by FDIC or any other government agency, not a bankdeposit, no bank guarantee, may lose value.
1.888.i bank mb (1.888.422.6562) www.mbfinancial.com