Investor Presentaiton
CREATING OPERATING LEVERAGE
Operating revenue continues to outpace non-interest expense as the Company grows and creates operating leverage and greater efficiencies
Operating Revenue vs. Non-Interest Expense
$45.0
$40.0
$35.0
$30.0
$25.0
80.0%
$39.0
$35.4
75.0%
$29.2
$26.0
$22.3
$20.9
68.8%
70.0%
68.8%
$20.0
$23.1 $23.3
65.0%
$15.0
$19.6
$104
$16.3
$10.0
$7.8 $8.5
$8.9
$6.2 $6.4
$12.9
$13.7
60.0%
$5.0
$4.6 $4.7
$5.5 $6.1
$6.6 $7.0
55.0%
Efficiency Ratio (2)
74.3%
72.0%
70.0%
67.5%
60.8%
61.5%
62.8%
66.5%
64.7%
59.1%
2020*
50.0%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1
2021
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1
Non-Interest Expense
Operating Revenue (1)
Source: Unaudited company information, call reports and press releases as of 3/31/2021
Note: All dollars in millions
*Annualized
1.
2.
Operating revenue = net interest income + non-interest income. Excludes gain on securities
Excludes gain on securities and amortization of core deposit intangible
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