This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Illinois Banks Improve but Weakest Are Vulnerable

Largest Illinois Banks

Here are the 10 largest banks headquartered in the state, along with key metrics as of Dec. 30:

BMO Harris BANK, NA of Chicago, is the largest bank headquartered in Illinois, with $94.8 billion in total assets as of March 31, and a 9% second-place deposit market share in the state, behind JPMorgan Chase Bank NA (the main banking subsidiary of JPMorgan Chase (JPM)) which had a 15.6% Illinois market share as of June 30, 2011, according to the most recent FDIC data.

BMO Harris Bank earned $100.5 million during the first quarter, for a rather weak return on average assets (ROA) of 0.46%, compared to 0.96% in the fourth quarter and a negative 0.15% in the first quarter of 2011. During the first quarter, the bank made a $190.6 million provision for loan loss reserves, increasing from $18.0 million the previous quarter, and $67.6 million a year earlier.

The second-largest Illinois bank is Northern Trust Co. of Chicago, which had $91.3 billion in total assets as of March 31, and is the largest subsidiary of Northern Trust Corp. (NTRS - Get Report). Northern Trust Co.'s first-quarter return on average assets (ROA) was 0.80%, declining from 0.92% the previous quarter, but increasing from 0.64% a year earlier.

The holding company Northern Trust Corp.'s shares have returned 6% year-to-date, through Friday's market close at $41.72. Based on a quarterly payout of 30 cents, the shares have a dividend yield of 2.88%. The shares trade for 1.5 times tangible book value, according to Thomson Reuters Bank Insight, and for 12 times the consensus 2013 earnings estimate of $3.45 a share. The Consensus 2012 EPS estimate is $3.01.

Interested in more on Northern Trust? See TheStreet Ratings' report card for this stock.

The next largest Illinois bank held by a publicly traded holding company is PrivateBank & Trust Co. of Chicago, which had $12.6 billion in total assets as of March 31, and is the main subsidiary of PrivateBancorp (PVTB - Get Report).

PrivateBank & Trust's first-quarter ROA was 0.68%, and the bank's nonperforming assets ratio was a relatively high 4.04% as of March 31, improving from 4.06% the previous quarter and 4.53% a year earlier.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
BMO $59.70 0.00%
MBFI $30.50 0.00%
NTRS $69.33 0.00%
PVTB $34.50 0.00%
AAPL $123.25 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

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