This Day On The Street
Continue to site
ADVERTISEMENT
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

MB Financial, Inc. Reports Third Quarter 2012 Net Income Of $23.1 Million And An Increase Of The Quarterly Dividend To $0.10 Per Share

Other Expense (in thousands):

    Three Months Ended   Nine Months Ended
September 30,   June 30,   March 31,   December 31,   September 30, September 30,   September 30,
  2012     2012       2012     2011     2011       2012     2011  
Core other expense:
Salaries and employee benefits $ 41,728 $ 40,295 $ 39,928 $ 39,826 $ 38,827 $ 121,951 $ 114,072
Occupancy and equipment expense 8,274 9,188 9,570 8,498 9,092 27,032 26,969
Computer services and telecommunication expense 3,777 3,909 3,653 4,382 3,488 11,339 10,503
Advertising and marketing expense 2,025 1,930 2,066 1,831 1,740 6,021 5,207
Professional and legal expense 1,554 1,503 1,413 1,422 1,647 4,470 4,725
Other intangible amortization expense 1,251 1,251 1,257 1,410 1,414 3,759 4,255
FDIC insurance premiums 1,545 2,010 2,643 2,662 2,272 6,198 9,202
Other real estate expense, net 874 424 1,243 1,464 1,181 2,541 2,830
Other operating expenses   6,342     6,473       5,057     7,324     7,352       17,872     21,497  
Total core other expense   67,370     66,983       66,830     68,819     67,013       201,183     199,260  
 
Non-core other expense: (1)
Branch impairment charges 758 - - 594 - 758 1,000
Prepayment fees on interest bearing liabilities 12,682 - - - - 12,682 -
Increase (decrease) in market value of assets held
in trust for deferred compensation (A)   355     (149 )     501     20     (405 )     707     (60 )
Total non-core other expense   13,795     (149 )     501     614     (405 )     14,147     940  
 
Total other expense $ 81,165   $ 66,834     $ 67,331   $ 69,433   $ 66,608     $ 215,330   $ 200,200  

(1) Letters denote the corresponding line items where these non-core other expense items reside in the consolidated statements of income as follows: A – Salaries and employee benefits.

4 of 15

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
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs