Q2 Quarter 2023
Non-GAAP Reconciliations
$ in thousands, except number of employees (FTE)
Calculation of Total Revenue Excluding Securities Gain (Loss) and Adjusted Total
Revenue
Q2
Q3
2022
2022
Q4
2022
Q1
2023
Q2
2023
Net Interest Income (GAAP)
$
Noninterest Income (GAAP)
Total Revenue
Less: Gain (loss) on sales of securities
185,099
40,178
225,277
$
Total Revenue, excluding securities gain (loss) (non-GAAP)
$
(150)
225,427
193,585
43,023
236,608
(22)
$
$ 236,630
$
193,026
44,647
237,673
(52)
237,725
$
177,835
45,835
223,670
$
163,230
44,980
208,210
(391)
$ 223,670
$ 208,601
Total Revenue, excluding securities gain (loss) (non-GAAP)
$
Less: Branch right sizing income
225,427
(88)
$
236,630
$
237,725
$
223,670
$
208,601
(65)
Less: Gain on sale of intellectual property
750
Less: Loss from early retirement of TruPS
Less: Gain on insurance settlement
Adjusted Total Revenue (non-GAAP)
Employees (FTE)
Total Revenue per Employee (FTE)
(365)
$
225,515
$ 236,310
$
4,074
233,651
$
223,670
$
208,601
3,233
3,206
3,236
3,189
3,066
$
69.68
$
73.80
$
73.45
$
70.14
$
67.91
Adjusted Total Revenue per Employee (FTE)
$
69.75
$
73.71
$
72.20
$
70.14
$
68.04
Calculation of Adjusted Noninterest Income and Adjusted Noninterest Income
Excluding Securities Gain (Loss)
Noninterest Income (GAAP)
$
Less: Branch right sizing income
Less: Gain on sale of intellectual property
Less: Loss from early retirement of TruPS
Less: Gain on insurances settlement
Adjusted Noninterest Income (non-GAAP)
40,178
(88)
$
43,023
$
44,647
$
45,835
$
44,980
(65)
750
(365)
4,074
$
40,266
$
42,703
$
40,573
$
45,835
$
44,980
Adjusted Noninterest Income (non-GAAP)
$
40,266
$
42,703
$
40,573
$
40,835
$
44,980
Less: Gain (loss) on sale of securities
(150)
(22)
(52)
(391)
Adjusted Noninterest Income, excluding securities gains (losses) (non-GAAP)
$
40,416
$
42,725
$
40,625
$
40,835
$
45,371
FTE Full time equivalent
$
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