EX-99.1 3 w15301exv99w1.txt ITEM 6 - SELECTED FINANCIAL DATA (DECEMBER 31, 2004) . . . EXHIBIT 99.1 ITEM 6. SELECTED FINANCIAL DATA (DECEMBER 31, 2004) 5-YEAR CONSOLIDATED SUMMARY OF FINANCIAL RESULTS (DOLLARS IN THOUSANDS, EXCEPT RATIOS AND PER-SHARE DATA)
For the Year --------------------------------------------------------------- 2004 2003 2002 2001 2000 ----------- ---------- ---------- ---------- ---------- SUMMARY OF INCOME Interest income .......................... $ 493,643 $ 435,531 $ 469,288 $ 518,680 $ 519,661 Interest expense ......................... 135,994 131,094 158,219 227,962 243,874 ----------- ---------- ---------- ---------- ---------- Net interest income ...................... 357,649 304,437 311,069 290,718 275,787 Provision for loan losses ................ 4,717 9,705 11,900 14,585 15,024 Other income ............................. 138,864 134,370 114,012 102,057 76,717 Other expenses ........................... 277,515 233,651 226,046 220,292 188,159 ----------- ---------- ---------- ---------- ---------- Income before income taxes ............... 214,281 195,451 187,135 157,898 149,321 Income taxes ............................. 64,673 59,084 56,181 46,136 44,224 ----------- ---------- ---------- ---------- ---------- Net income ............................... $ 149,608 $ 136,367 $ 130,954 $ 111,762 $ 105,097 =========== ========== ========== ========== ========== PER-SHARE DATA (1) Net income (basic) ....................... $ 1.00 $ 0.97 $ 0.93 $ 0.79 $ 0.75 Net income (diluted) ..................... 0.99 0.96 0.92 0.78 0.75 Cash dividends ........................... 0.518 0.475 0.425 0.385 0.344 RATIOS Return on average assets ................. 1.45% 1.55% 1.66% 1.49% 1.50% Return on average equity ................. 13.98 15.23 15.61 14.33 15.58 Return on average equity (tangible) (2) .. 18.58 17.33 17.25 15.97 16.19 Net interest margin ...................... 3.83 3.82 4.35 4.27 4.31 Efficiency ratio ......................... 55.90 54.00 52.70 55.50 53.00 Average equity to average assets ......... 10.30 10.20 10.60 10.40 9.60 Dividend payout ratio .................... 51.80 49.00 45.70 48.70 45.90 PERIOD-END BALANCES Total assets ............................. $11,160,148 $9,768,669 $8,388,915 $7,771,598 $7,365,487 Loans, net of unearned income ............ 7,584,547 6,159,994 5,317,068 5,373,020 5,374,659 Deposits ................................. 7,895,524 6,751,783 6,245,528 5,986,804 5,502,703 Federal Home Loan Bank advances and long-term debt ........................ 684,236 568,730 535,555 456,802 559,503 Shareholders' equity ..................... 1,244,087 948,317 864,879 812,341 731,854 AVERAGE BALANCES Total assets ............................. $10,344,768 $8,803,285 $7,901,398 $7,520,763 $7,020,039 Loans, net of unearned income ............ 6,901,452 5,589,663 5,381,950 5,341,497 5,131,651 Deposits ................................. 7,285,134 6,505,371 6,052,667 5,771,089 5,245,019 Federal Home Loan Bank advances and long-term debt ........................ 637,654 566,437 476,415 500,162 476,590 Shareholders' equity ..................... 1,069,904 895,616 839,111 779,706 674,487
---------- (1) Adjusted for stock dividends and stock splits. (2) Net income divided by average shareholders' equity, net of goodwill and intangible assets. 5