Investor Presentation (2Q2016)
Reconciliation: Efficiency Ratio
($000s)
Non-Interest Expense
Restructuring & Merger-Related Expense
Non-Interest Expense excluding
Restructuring & Merger-Related Exp.
Net Interest Income (FTE-basis)
Non-Interest Income
Total Income
Efficiency Ratio
Three Months Ending
3/31/15
$ 53,441
$(9,733)
$ 43,708
$ 18,190
3/31/16
$
58.24%
--
$ 45,343 $140,295 $150,120 $160,998 $161,633
12/31/11
$ 19,393
Twelve Months Ending
55.52%
12/31/12 12/31/13 12/31/14
$ 59,888
$ 56,857 $62,276 $175,885 $175,027 $192,556 $200,545 $246,014
$ (3,888) $ (1,310) $ (1,309)
$ 45,343 $140,295 $146,232 $159,688 $160,324 $182,841
59.50%
12/31/15
$ 75,047 $ 81,669 $235,773 $239,802 $261,841 $269,049 $320,480
$193,923
60.98%
$(11,082
)
$ 64,775 $ 69,285 $ 68,504 $74,466
60.99%
59.59%
Note: "efficiency ratio" is non-interest expense excluding restructuring and merger-related expense divided by total income; FTE represents
fully taxable equivalent; ESB Financial merger closed February 2015 and Fidelity Bancorp merger closed November 2012
57.05%
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