"City National has now been profitable in every quarter for 20 consecutive years, and the company has more capital, capabilities, talent, resources and opportunities than ever before.  All in all, it was a good quarter."

  For the three months ended   For the three  
Dollars in millions, March 31, % months ended %
except per share data 2013 2012 Change December 31, 2012 Change
Earnings Per Common Share  $ 0.90  $ 0.86 5  $ 0.87 3
Net Income Attributable to CNC  51.5  46.3 11  47.2 9
Net Income Available to Common          
Shareholders  49.1  46.3 6  47.2 4
           
Average Assets  $ 27,709.2  $ 23,644.9 17  $ 27,255.9 2
Return on Average Assets 0.75% 0.79% (5) 0.69% 9
Return on Average Common Equity 8.43% 8.58% (2) 8.03% 5
Return on Average Tangible          
Common Equity 1  12.17% 11.57% 5 11.66% 4

ASSETS

Total assets at March 31, 2013 were $27.4 billion, up 14 percent from the first quarter of 2012, but down 4 percent from the fourth quarter of last year. The change from the fourth quarter reflects a seasonal decline in deposits, which led to lower levels of securities. 

If you liked this article you might like

New Lifetime High Today: City National (CYN)

New Lifetime High For City National (CYN)

City National (CYN) Reaches New Lifetime High Today

Jim Cramer's Top Stock Picks: MSFT AVT FHN CYN

Jim Cramer's 'Mad Money' Recap: Here's Next Week's Game Plan