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Mb Financial Inc Md (MBFI) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 30, 2017

Mb Financial Inc Md

CIK: 1139812 Ticker: MBFI




EXHIBIT 99
                                    
mbfilogoblacka04.jpg
3Q17



MB FINANCIAL, INC. REPORTS THIRD QUARTER 2017 NET INCOME OF $60.8 MILLION


CHICAGO, October 19, 2017 – MB Financial, Inc. (NASDAQ: MBFI), the holding company for MB Financial Bank, N.A., today announced third quarter 2017 net income of $60.8 million compared to $44.5 million last quarter and $44.4 million in the third quarter a year ago.  Diluted earnings per common share were $0.69 in the third quarter of 2017 compared to $0.50 last quarter and $0.54 in the third quarter a year ago.  

"Our record quarter is directly related to executing our long-term strategy," stated Mitchell Feiger, President and Chief Executive Officer of MB Financial, Inc. "We are intent on building a bank with superior returns and lower risk. Our results this quarter show our progress with solid performance across all business units. We believe our strategic combination of high quality low-cost deposits; strong and rapidly growing fee businesses; revenue, profit, loan, and deposit diversification; and close attention to credit quality will lead to peer-leading performance."

Mr. Feiger continued, "Our operating earnings increased by 31.5% to $62.8 million, this quarter, which is an all-time record. This can be attributed to several factors including an increase in net interest income, decreased provision for credit losses, increased lease financing revenues, controlled expenses and certain tax benefits. In addition, annualized loan growth was 8.5%, on top of the 21.2% recorded last quarter. Further, credit quality remained strong in the third quarter with net recoveries of $0.6 million and non-performing loans down two basis points to 0.36% of total loans."

Operating Earnings (in thousands, except per share data)

 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30,
 
 
3Q17
 
2Q17
 
1Q17
 
4Q16
 
3Q16
 
 
2017
 
2016
Net income - as reported
 
$
60,843

 
$
44,466

 
$
54,537

 
$
47,191

 
$
44,419

 
 
$
159,846

 
$
126,945

Non-core items, net of tax (1)
 
1,942

 
3,292

 
(1,358
)
 
4,656

 
7,496

 
 
3,876

 
11,705

Operating earnings
 
62,785

 
47,758

 
53,179

 
51,847

 
51,915

 
 
163,722

 
138,650

Dividends on preferred shares
 
2,002

 
2,002

 
2,003

 
2,005

 
2,004

 
 
6,007

 
6,004

Operating earnings available to common stockholders
 
$
60,783

 
$
45,756

 
$
51,176

 
$
49,842

 
$
49,911

 
 
$
157,715

 
$
132,646

Diluted earnings per common share - as reported
 
$
0.69

 
$
0.50

 
$
0.62

 
$
0.53

 
$
0.54

 
 
$
1.81

 
$
1.60

Diluted operating earnings per common share
 
$
0.72

 
$
0.54

 
$
0.60

 
$
0.59

 
$
0.63

 
 
$
1.86

 
$
1.75

(1) 
Non-core items represent the difference between non-core non-interest income and non-core non-interest expense net of tax.
See "Non-GAAP Financial Information" section for details on non-core items.

1

The following information was filed by Mb Financial Inc Md (MBFI) on Thursday, October 19, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Changes In Stockholders' Equity (parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Basis Of Presentation
Business Combinations
Business Combinations (tables)
Business Combinations - Acquired Loans (details)
Business Combinations - Additional Information (details)
Business Combinations - Fair Values Of Assets Acquired And Liabilities Assumed (details)
Business Combinations - Pro Forma Information (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Deposits
Deposits (details)
Deposits (tables)
Derivative Financial Instruments
Derivative Financial Instruments (tables)
Derivative Financial Instruments - Additional Information (details)
Derivative Financial Instruments - Financial Instruments Eligible For Offset In Consolidated Balance Sheet (details)
Derivative Financial Instruments - Summary Of Derivative Financial Instruments (details)
Earnings Per Common Share
Earnings Per Common Share (details)
Earnings Per Common Share (tables)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Additional Information (details)
Fair Value Measurements - Assets Measured At Fair Value On Nonrecurring Basis (details)
Fair Value Measurements - Assumptions Used In Measuring Fair Value Of Mortgage Servicing Rights (details)
Fair Value Measurements - Estimated Fair Value Of Financial Instruments (details)
Fair Value Measurements - Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis (details)
Fair Value Measurements - Level 3 Financial Assets Measured At Fair Value (details)
Fair Value Measurements - Unobservable Inputs Used In Fair Value Measurement (details)
Goodwill And Intangibles
Goodwill And Intangibles (tables)
Goodwill And Intangibles - Additional Information (details)
Goodwill And Intangibles - Changes In Carrying Amount Of Goodwill (details)
Goodwill And Intangibles - Changes In Core Deposit And Client Relationship Intangibles (details)
Goodwill And Intangibles - Estimated Future Amortization Expense (details)
Investment Securities
Investment Securities (tables)
Investment Securities - Amortized Cost And Fair Value Of Investment Securities (details)
Investment Securities - Net Gains Recognized And Amortized Cost And Fair Value By Contractual Maturity Of Investment Securities (details)
Investment Securities - Unrealized Losses On Investment Securities And Fair Value Of Related Securities (details)
Junior Subordinated Notes Issued To Capital Trusts
Junior Subordinated Notes Issued To Capital Trusts (details)
Junior Subordinated Notes Issued To Capital Trusts (tables)
Loans
Loans (tables)
Loans - Additional Information (details)
Loans - Allowance For Credit Losses (details)
Loans - Carrying Amount Of Loans Acquired (details)
Loans - Changes In The Accretable Yield (details)
Loans - Contractual Aging Of Recorded Investment In Past Due Loans (details)
Loans - Financing Receivable Modifications And Restructuring (details)
Loans - Loans Individually Evaluated For Impairment By Class Of Loans (details)
Loans - Loans That Have Been Restructured (details)
Loans - Recorded Investment In Non-accrual Loans And Loans Past Due (details)
Loans - Risk Category And Recorded Investment Of Loans By Class (details)
Loans - Schedule Of Composition Of Loans (details)
Loans - Troubled Debt Restructuring Activity (details)
Long-term Borrowings
Long-term Borrowings (details)
Long-term Borrowings (tables)
New Authoritative Accounting Guidance
New Authoritative Accounting Guidance (policies)
Operating Segments
Operating Segments (details)
Operating Segments (tables)
Preferred Stock
Preferred Stock (details)
Short-term Borrowings
Short-term Borrowings (tables)
Short-term Borrowings - Additional Information (details)
Short-term Borrowings - Schedule Of Short-term Borrowings (details)
Stock Incentive Plans
Stock Incentive Plans (tables)
Stock Incentive Plans - Additional Information (details)
Stock Incentive Plans - Assumptions Used For Options Granted (details)
Stock Incentive Plans - Changes In Restricted Shares And Units (details)
Stock Incentive Plans - Impact Of Share-based Payment Plans (details)
Stock Incentive Plans - Summary Of Impact Of Share-based Payment Plans (details)

Material Contracts, Statements, Certifications & more

Mb Financial Inc Md provided additional information to their SEC Filing as exhibits

Ticker: MBFI
CIK: 1139812
Form Type: 10-Q Quarterly Report
Accession Number: 0001139812-17-000037
Submitted to the SEC: Mon Nov 06 2017 6:21:26 PM EST
Accepted by the SEC: Tue Nov 07 2017
Period: Saturday, September 30, 2017
Industry: National Commercial Banks

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