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

City National Corporation's Net Income Grows To $63.6 Million In The Third Quarter Of 2013 And $174.9 Million Year To Date

Third-quarter net interest income included $25.8 million from FDIC-covered loans that were repaid or charged off. This compares with $22.2 million in the third quarter of 2012 and $15.9 million in the second quarter of 2013.

At September 30, 2013, City National's prime lending rate was 3.25 percent, unchanged from both September 30, 2012 and June 30, 2013.
  For the three months ended   For the three  
  September 30, % months ended %
Dollars in millions 2013 2012 Change June 30, 2013 Change
           
Average Loans and Leases, excluding Covered Loans  $ 16,039.8  $ 13,587.5 18  $ 15,434.1 4
Average Covered Loans  818.9  1,207.0 (32)  909.7 (10)
Average Total Securities   8,576.5  8,631.4 (1)  8,866.9 (3)
Average Earning Assets  26,417.7  23,892.0 11  25,819.9 2
Average Deposits  24,301.6  21,940.8 11  23,118.8 5
Average Core Deposits  23,716.0  21,208.5 12  22,410.8 6
Fully Taxable-Equivalent          
Net Interest Income  220.0  214.8 2  208.4 6
Net Interest Margin  3.30%  3.58% (8)  3.24% 2

COVERED ASSETS

Loans and other real estate owned (OREO) assets acquired in City National's FDIC‑assisted bank acquisitions totaled $784.0 million at the end of the third quarter of 2013, compared to $1.2 billion at September 30, 2012 and $885.4 million at June 30, 2013.

4 of 13

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
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
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs