This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

MB Financial, Inc. Reports First Quarter 2012 Net Income Of $21.1 Million, Strong Pre-Tax, Pre-Provision Operating Earnings And Improving Credit Costs

Our net interest margin, on a fully tax equivalent basis, was 3.87% for the first quarter of 2012 compared to 3.91% for the fourth quarter of 2011 and 3.88% for the first quarter of 2011. The net interest margin decreased from the fourth quarter of 2011 due to a decrease in loan yields, partially offset by an improved deposit mix and downward repricing of interest bearing deposits.

See the supplemental net interest margin tables for further detail.

Other Income (in thousands):

         
Three Months Ended
March 31,   December 31, September 30, June 30, March 31,
  2012     2011     2011     2011     2011
Core other income:
Loan service fees $ 1,339 $ 1,601 $ 2,159 $ 2,812 $ 1,126
Deposit service fees 9,408 10,085 9,932 9,023 10,030
Lease financing, net 6,958 7,801 6,494 6,861 5,783
Brokerage fees 1,255 1,577 1,273 1,615 1,419
Trust and asset management fees 4,404 4,166 4,272 4,455 4,431
Increase in cash surrender value of life insurance 917 944 1,014 1,451 968
Accretion of FDIC indemnification asset 475 683 985 1,339 1,831
Card fees 2,044 1,096 2,071 2,062 1,788
Other operating income   2,162       1,632       1,690       1,979       1,598  
Total core other income   28,962       29,585       29,890       31,597       28,974  
 
Non-core other income: (1)
Net gain (loss) on sale of investment securities (3 ) 411 - 232 (3 )
Net (loss) gain on sale of other assets (17 ) (87 ) - 13 357
Net gain on sale of loans held for sale (A) - - - 1,790 -
Net loss recognized on other real estate owned (B) (4,348 ) (3,620 ) (2,354 ) (3,629 ) (369 )

Net loss recognized on other real estate owned related to FDIC transactions (B)

(2,241 ) (1,858 ) (764 ) (1,016 ) (3 )

Increase (decrease) in market value of assets held in trust for deferred compensation (A)

  501       20       (405 )     158       187  
Total non-core other income   (6,108 )     (5,134 )     (3,523 )     (2,452 )     169  
 
Total other income $ 22,854     $ 24,451     $ 26,367     $ 29,145     $ 29,143  

(1) Letter denotes the corresponding line items where these non-core other income items reside in the consolidated statements of income as follows: A – Other operating income, B – Net loss recognized on other real estate owned.

2 of 16

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,003.02 -36.47 -0.21%
S&P 500 1,989.74 -2.63 -0.13%
NASDAQ 4,542.33 +10.2260 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs