Investor Presentaiton
Net Income
(4)
$369.2
$332.6 $346.3(4).
$321.8
$309.6
$311.7
$274.5
$272.2
$255.5 $250.6 $259.3
($ in millions)
$400.0
10 Year CAGR: "3
(1)(4)
12.7%
$350.0
5 Year CAGR:
(2)(4)
4.4%
$297.4
$286.6
$300.0
$236.2
$250.0
$221.4
$185.7
$200.0
$167.9
$154.9
$141.7
$150.0
$127.7-
$111.9
$100.0
$50.0
$0.0
2009
2010
$122.8
(4)
$86.1 $102.9 (4)
$83.3
$66.3
$81.2
(3)
2011
2012
2013
2014
2015
2016
2017
2018
2019
4Q18
4Q19
Note: Net income includes the following ($ in thousands)
Provision
for Credit $28,775 $13,585
Losses
$5,200
$6,100 $17,240 $18,275
$7,560
$24,000 $14,325 $16,350 $4,300 $1,000
$1,700
Loan
Discount
Accretion
$26,413 $62,723 $95,875
$52,122 $38,970 $21,906 $13,909 $28,045
$2,903
$23,742
Net Income
Net Income (Excluding Merger Charges)
Net Income (Excluding Purchase Accounting Adjustments)
Net Income (Excluding PAA and Merger Charges)
9
Source: Company Documents
(1)
(2)
Represents the Compound Annual Growth Rate of net income from 12/31/2009 - 12/31/2019
Represents the Compound Annual Growth Rate of net income from 12/31/2014 - 12/31/2019
(3) Net income includes a one-time non-cash charge of $1.431 million related to the "Tax Cuts and Jobs Act" enacted on December 22, 2017
(4) Excludes after-tax merger related charges of ($36.658) million for the fourth quarter 2019
PB
LISTED
NYSEView entire presentation