Financial Highlights

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 Second Quarter 2019 Financial Results

Opus Bank Reports Second Quarter 2019 Results
Financial Highlights
2020 FQ1 YTD
3/31/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Balance Sheet ($000)
Total Assets 8,383,194 7,992,400 7,180,903 7,486,809 7,882,563
Total Net Loans 5,938,766 5,859,676 5,110,546 5,097,263 5,557,657
Total Deposits 6,702,821 6,473,593 5,951,888 5,943,938 6,681,761
Equity Attributable to Parent Company 1,006,300 1,099,147 1,040,813 1,023,464 925,935
Total Equity 1,006,300 1,099,147 1,040,813 1,023,464 925,935
Profitability (%)
Net Income($000) (84,843) 61,834 30,918 47,643 11,454
Net Income Attributable to Parent($000) (84,843) 61,834 30,918 47,643 11,454
ROAA (4.24) 0.80 0.43 0.63 0.16
Core ROAA (0.28) 0.92 0.73 0.78 0.26
ROAE (30.63) 5.78 2.99 4.76 1.22
ROATCE (4.30) 9.42 5.43 8.30 2.45
Core ROAE (2.03) 6.60 5.10 5.94 2.02
Net Interest Margin 2.83 2.90 3.08 3.17 3.62
Reported: Net Interest Margin 2.84 2.90 3.08 3.17 3.62
Efficiency Ratio 59.21 63.55 65.99 66.74 49.68
Noninterest Inc/ Operating Rev 21.48 19.82 20.14 21.07 20.34
Balance Sheet Ratios (%)
Loans/ Deposits 89.37 91.15 86.78 87.03 84.84
Securities/ Assets 12.03 13.22 15.54 15.52 8.71
Total Equity/ Total Assets 12 13.75 14.49 13.67 11.75
Tangible Equity/ Tangible Assets 9.09 9.62 9.84 9.10 7.25
Tang Common Equity/ Tang Assets 8.73 9.24 9.41 8.69 7.24
Asset Quality (%)
NPAs/ Assets 0.07 0.07 0.39 0.78 1.21
NPA Excl Restructured/ Assets 0.07 0.07 0.39 0.78 1.21
NPAs & 90+ PD/ Assets 0.07 0.07 0.40 0.78 1.22
NPAs/ Loans & REO 0.10 0.10 0.54 1.13 1.68
Nonaccrual & 90+ & OREO/ Assets 0.07 0.07 0.40 0.78 1.21
NPAs & 90+ PD/ Loans & REO 0.10 0.10 0.55 1.13 1.69
NPA & Loans 90+/ Tangible Common Equity + LLR 0.76 0.80 4.10 8.46 14.65
NCOs/ Avg Loans (0.04) 0.16 0.79 0.51 0.98
Loan Loss Reserves/ Gross Loans 0.86 0.69 1.06 1.47 1.97
Reserves/ NPAs 891.69 683.70 195.12 129.99 116.95
Loan Loss Provision/ NCO NM (55.02) 47.96 (33.10) 214.95
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 716,862 703,275 640,171 632,568 561,840
Tier 1 Capital($000) 745,972 732,385 669,281 660,143 561,840
Tier 2 Capital($000) 182,517 175,340 189,019 205,073 211,405
Total Capital($000) 928,489 907,725 858,300 865,216 773,245
Total Risk-weighted Assets($000) 6,146,553 6,019,699 5,614,428 5,779,574 6,275,075
Tier 1 Common Capital (CET1) Ratio(%) 11.66 11.68 11.40 10.94 8.95
Tier 1 Ratio(%) 12.14 12.17 11.92 11.42 8.95
Total Capital Ratio(%) 15.11 15.08 15.29 14.97 12.32
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.64 9.70 9.69 9.44 7.54
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 36,374,918 36,347,615 36,060,375 35,915,159 34,277,121
Avg Diluted Shares(actual) 36,373,280 38,242,481 38,270,650 37,770,993 35,103,431
Basic Book Value per Share 26.86 29.44 28.06 27.69 27
Book Value per Share, As Reported 26.86 29.44 28.06 27.69 27
Basic Tangible Book Value per Share 19.48 19.38 17.77 17.20 15.84
Tangible Book Value per Share, As Reported 19.48 19.38 17.77 17.20 15.84
Common Dividends Declared per Share 0.11 0.44 0.43 0 0.53
EPS after Extra (2.34) 1.62 0.81 1.26 0.33
EPS after Extra Growth(%) NM 100 (35.70) 281.80 (81.60)
Core EPS (0.16) 1.85 1.38 1.57 0.54
Core EPS Growth(%) NM 33.70 (12.20) 189.40 (70.60)
Diluted EPS before Amortization 0.34 1.75 0.96 1.42 0.47
Pre-Provision Earnings per Share (1.55) 1.76 1.63 1.38 2.78
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