Investor Presentaiton
Non-GAAP Reconciliations
Calculation of Total Common Stockholders' Equity, Total Tangible Common
Stockholders' Equity and Tangible Book Value per Share
Unaudited (Dollars in Thousands, Except per Share)
As of September 30,
2013
2014
2015
2016
2017
2018
Total stockholders' equity before noncontrolling interest $
Less preferred stock
612.338 $ 875,578
$ 1,314,517 $ 2,756,346
$ 3,334,740
$ 3,653,596
Total common stockholders' equity
612,338
875,578
1,314,517
2,756,346
3,334,740
3,653,596
Less intangible assets:
Goodwill
(5,243)
(78,669)
(128,132)
(657,806)
(660,789)
(660,789)
Core deposit and other intangibles, net of
accumulated amortization
(14,796)
Total intangibles
(20,039)
(28,439)
(107,108)
(28,624)
(156,756)
(64,347)
(722, 153)
(51,396)
(712,185)
(38,817)
(699,606)
Total tangible common stockholders' equity
$
592,299 $ 768,470 $ 1,157,761
Common shares outstanding (thousands)
73,404
79,705
Book value per common share
$
Tangible book value per common share
$
8.34 $
8.07 $
10.99 $
9.64 $
88,265
14.89 $
13.12 $
$ 2,034,193
121,134
22.75 $
16.79 $
$ 2,622,555 $ 2,953,990
128,174
128,609
26.02 $
28.41
20.46 $
22.97
2019
2020
As of September 30,
2021
2022
2023
As of
June 30, 2023
Total stockholders' equity before noncontrolling interest $ 4,078,324
Less preferred stock
$ 4,186,285
$ 4,553,240 $ 4,539,424
$ 4,903,504
$ 4,809,891
Total common stockholders' equity
4,078,324
4,186,285
4,553,240
(338,980)
4,200,444
(338,980)
4,564,524
(338,980)
4,470,911
Less intangible assets:
Goodwill
(660,789)
(660,789)
(660,789)
(660,789)
(660,789)
(660,789)
Core deposit and other intangibles, net of
accumulated amortization
Total intangibles
(26,608)
(687,397)
(16,462)
(677,251)
(9,791)
(670,580)
(3.943)
(664,732)
(660,789)
(377)
(661,166)
Total tangible common stockholders' equity
$ 3,390,927 $ 3,509,034 $ 3,882,660 $ 3,535,712 $ 3,903,735
$ 3,809,745
Common shares outstanding (thousands)
128.946
129,342
Book value per common share
$
31.63 $
Tangible book value per common share
$
26.30 $
32.37 $
27.13 $
30.14
128,818
35.35 $
$
117,762
35.67 $
30.02 $
113.136
40.35 $
34.50 $
113,145
39.51
33.67
Note: All share and per share data adjusted to reflect impact of 2-for-1 stock split on June 23, 2014.
Represents ending balances, as determined in accordance with accounting principles generally accepted in the U.S.,
ending shares outstanding and tangible book value per share as of the date indicated.
Unaudited, financial data in thousands, except per share amounts.
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