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City National Corporation Grows Second-Quarter 2013 Net Income To $59.7 Million, Up 9 Percent From Second-Quarter 2012; First-Half 2013 Net Income Totals $111.3 Million, Up 10 Percent

At June 30, 2013, City National's prime lending rate was 3.25 percent, unchanged from both June 30, 2012 and March 31, 2013.

  For the three months ended   For the three  
  June 30, % months ended %
Dollars in millions 2013 2012 Change March 31, 2013 Change
Average Loans and Leases,          
excluding Covered Loans  $ 15,434.1  $ 13,125.9 18  $ 14,809.3 4
Average Covered Loans  909.7  1,341.0 (32)  989.5 (8)
Average Total Securities   8,866.9  7,755.3 14  9,796.3 (9)
Average Earning Assets  25,819.9  22,769.1 13  26,046.6 (1)
Average Deposits  23,118.8  20,948.2 10  22,411.0 3
Average Core Deposits  22,447.5  20,215.2 11  21,815.2 3
Fully Taxable-Equivalent          
Net Interest Income  208.4  221.4 (6)  206.3 1
Net Interest Margin  3.24%  3.91% (17)  3.21% 1


Loans and other real estate owned (OREO) assets acquired in City National's FDIC‑assisted bank acquisitions totaled $885.4 million at the end of the second quarter of 2013, compared to $1.3 billion at June 30, 2012 and $953.3 million at March 31, 2013.

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