MB Financial, Inc. (NASDAQ: MBFI), the holding company for MB Financial Bank, N.A. (“the Bank” or “MB Financial Bank”), announced today fourth quarter and annual results for 2012. The words “MB Financial,” “the Company,” “we,” “our” and “us” refer to MB Financial, Inc. and its consolidated subsidiaries, unless indicated otherwise.
Net income, net income available to common stockholders and fully diluted earnings per share increased in the three months and year ended December 31, 2012 compared to the three months ended September 30, 2012 and the year ended December 31, 2011 as follows (note that all linked quarter change percentages presented here and throughout this release are not annualized):
|(dollars in thousands, except per share data)|
|Net income||$||24,012||$||23,133||+ 3.8||%||$||19,453||$||90,374||$||38,728||+133.4||%|
|Net income available to|
|common stockholders||24,012||23,133||+ 3.8||%||16,847||87,105||28,314||+207.6||%|
|Fully diluted earnings per share||0.44||0.42||+ 4.8||%||0.31||1.60||0.52||+207.7||%|
“I am pleased with our strong finish to 2012. We experienced robust loan growth in the fourth quarter, primarily driven by new customer relationships, strong lease loan growth and seasonal demand. Furthermore, we are seeing good progress in all of our key fee initiatives as evidenced by growth in fee income both on a quarterly and annual basis. We remain committed to building a relationship driven company that produces superior returns on capital, supported by a diversified revenue stream, with high quality loans and significant fee businesses, both growing at attractive rates,” stated Mitchell Feiger, President and Chief Executive Officer of the Company.