Q4 2020 Investor Presentation
Financial Highlights
QUARTERLY RESULTS
$ IN MILLIONS, EXCEPT PER SHARE DATA
GAAP Results
Non-Core Items
Non-GAAP Core Results
Q3 2020
EARNINGS
Q4 2020
EARNINGS
CHANGE
%
Q3 2020
DILUTED EPS
Q4 2020
DILUTED EPS
CHANGE
%
$
65.89
$
52.96 $
(12.93)
2.45'
9.02 1
6.57
(19.6%)
268.2%
$
0.60
$
0.49 $
(0.11)
(18.3%)
0.03
0.08
0.05
166.7%
$
68.34 1
$
61.98 $
(6.36)
(9.3%) $
0.63
$
0.57 $
(0.06)
(9.5%)
I
I
GAAP Results
ROA
Core ROA
ROACE
Core ROACE
ROTCE
Core ROTCE
Efficiency Ratio (1)
NIM
Core NIM
YTD RESULTS (as of December 31)
$ IN MILLIONS, EXCEPT PER SHARE DATA
Non-Core Items
Non-GAAP Core Results
ROA
Core ROA
ROACE
1.20% '
0.96%
I
1.25% I
1.13% 1
8.91%
I
7.13%
9.24%
I
8.34%
I
15.45%
16.00%
12.48% I
14.51% I
54.12%
55.27%
I
3.21% 1
3.22% 1
|
|
3.02% i
3.04% i
2019
2020
CHANGE
EARNINGS
EARNINGS
%
$
237.83
$
254.85 $
17.02
7.2%
$
2019
DILUTED EPS
2.41
2020
DILUTED EPS
CHANGE
%
2.31 $
(0.10)
(4.1%)
31.74'
9.45'
(22.29)
(70.2%)
0.32
0.09
(0.23)
(71.9%)
+
269.57 I
$
264.30 $
(5.27)
(2.0%)
$
2.73
$
2.40 $
(0.33)
(12.1%)
I
I
1.33% '
1.18% '
I
Core ROACE
ROTCE
Core ROTCE
Efficiency Ratio (1)
1.51% I
9.93%
11.25% '
17.99% I
20.31%
50.33% '
I
I
|
1.22% I
8.72%
9.05% '
15.25% I
I
I
15.79%
I
NIM
Core NIM
3.85% 1
3.59%
54.66% '
3.38% 1
3.16%
I
I
$
(1)
Note: Core figures (excluding Core NIM) exclude non-core income and expense items (e.g., early retirement program costs, gain on sale of banking operations, merger related costs and branch right-sizing costs). Core NIM
excludes purchase accounting interest accretion. Core figures, as well as figures based on tangible common equity (which excludes goodwill and other intangible assets), are non-GAAP measurements. See Appendix for
non-GAAP reconciliations.
Efficiency ratio is core non-interest expense before foreclosed property expense and amortization of intangibles as a percent of net interest income (fully taxable equivalent) and non-interest revenues, excluding gains
and losses from securities transactions and non-core items, and is a non-GAAP measurement. See Appendix for non-GAAP reconciliations.
19View entire presentation