Investor Presentaiton
1st Quarter 2020 | Financial Highlights
Q1-20
Q4-20
Q1-19
Earnings & Profitability
Net Income
EPS
Net Interest Income
$
269.0
$
272.0
247.3
Operating PPNR1
Net Income
EPS
163.4
158.7
148.1
$84.0 million
$0.83
84.0
128.1
120.8
0.83
1.25
1.16
Net Interest Margin
4.22%
4.39%
4.71%
Operating Efficiency Ratio¹
41.8
43.8
42.0
ROAA
1.22
1.92
2.12
Operating
PPNR1
ROTCE1
ROTCE1
Balance Sheet & Capital
Total Loans, Gross
12.18
18.89
20.49
$163.4 million
12.18%
SA
$
23,166 $
21,123 $
18,117
Total Deposits
24,831
22,797
20,209
TCE Ratio¹
Tangible Book Value per Share¹
Asset Quality
9.4%
10.3%
10.3%
Loan Growth
Deposit Growth
SA
$
26.73
$
26.54 $
23.2
Provision for Credit losses²
$
51.2
$
4.0
$
4.5
$2.0 billion
9.7%
$2.0 billion
8.9%
Net (Recoveries) Charge-Offs
(3.2)
1.2
1.2
Provision in Excess of Net Charge-Offs³
54.4
2.8
3.3
Net (Recoveries) Charge-Offs / Avg.
Loans
(0.06)%
0.02%
0.03%
CET1 Ratio
Total RBC Ratio
Allowance for Credit Losses / Funded
Loans
1.14
0.84
0.91
10.0%
12.3%
NPAs/Total Assets
0.33
0.26
0.26
Dollars in millions, except EPS
WA
1) Refer to slide 31 for further discussion of Non-GAAP financial measures.
2) Upon adoption of CECL on January 1, 2020, Provision for Credit Losses has been modified to also include amounts related to unfunded loan commitments and investment securities. Prior period amounts have been restated to conform to
the current presentation.
3) Q1-20 Provision in Excess of Net Charge-Offs represents $0.44 per share, net of tax.
21
4) Nonperforming assets includes nonaccrual loans and repossessed assets.View entire presentation