17 unchanged sentences
NASDAQ Stock Market (U.S.) $100.00 $129.73 $126.08 $172.41 $250.08 $305.63
−Removed: Selected Financial Data.
−Removed: The selected consolidated financial data set forth below does not purport to be complete and should be read in conjunction with, and is qualified in its entirety by, the more detailed information including the Consolidated Financial Statements and related Notes, and the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” appearing elsewhere in this Annual Report on Form 10-K.
−Removed: Selected Financial Data (Dollars in thousands, except per share amounts)
−Removed: At or for the years ended December 31, 2020 2019 2018 2017 2016
−Removed: Financial Results:
−Removed: Interest and dividend income $169,936 $197,663 $176,407 $149,586 $133,470
−Removed: Interest expense 42,492 64,249 44,117 30,055 22,992
−Removed: Net interest income 127,444 133,414 132,290 119,531 110,478
−Removed: Provision for credit losses (1)
−Removed: 12,342 1,575 1,550 2,600 5,650
−Removed: Net interest income after provision for credit losses 115,102 131,839 130,740 116,931 104,828
−Removed: Noninterest income 99,442 67,080 62,114 64,809 65,129
−Removed: Noninterest expense 125,384 110,740 106,162 104,100 101,103
−Removed: Income before income taxes 89,160 88,179 86,692 77,640 68,854
−Removed: Income tax expense 19,331 19,061 18,260 31,715 22,373
−Removed: Net income $69,829 $69,118 $68,432 $45,925 $46,481
−Removed: Net income available to common shareholders $69,678 $68,979 $68,288 $45,817 $46,384
−Removed: Per Share Information ($):
−Removed: Earnings per common share:
−Removed: Basic 4.03 3.98 3.95 2.66 2.72
−Removed: Diluted 4.00 3.96 3.93 2.64 2.70
−Removed: Cash dividends declared (2)
−Removed: 2.05 2.00 1.76 1.54 1.46
−Removed: Book value 30.94 29.00 25.90 23.99 22.76
−Removed: Market value - closing stock price 44.80 53.79 47.53 53.25 56.05
−Removed: Performance Ratios (%):
−Removed: Return on average assets 1.22 1.34 1.46 1.04 1.16
−Removed: Return on average equity (3)
−Removed: 13.51 14.34 16.20 11.23 11.94
−Removed: Net interest margin (4)
−Removed: 2.40 2.77 3.01 2.93 3.02
−Removed: Equity to assets 9.35 9.51 8.94 9.12 8.92
−Removed: Dividend payout ratio (5)
−Removed: 51.25 50.51 44.78 58.33 54.07
−Removed: Asset Quality Ratios (%):
−Removed: Total past due loans to total loans 0.30 0.40 0.37 0.59 0.76
−Removed: Nonaccrual loans to total loans 0.31 0.45 0.32 0.45 0.68
−Removed: Nonperforming assets to total assets 0.23 0.35 0.28 0.34 0.53
−Removed: Allowance for credit losses on loans to nonaccrual loans (1)
−Removed: 334.21 155.18 231.25 174.14 117.89
−Removed: Allowance for credit losses on loans to total loans (1)
−Removed: 1.05 0.69 0.74 0.79 0.80
−Removed: Net charge-offs to average loans 0.03 0.04 0.03 0.06 0.21
−Removed: Capital Ratios (%):
−Removed: Total risk-based capital ratio 13.51 12.94 12.56 12.45 12.26
−Removed: Tier 1 risk-based capital ratio 12.61 12.23 11.81 11.65 11.44
−Removed: Common equity Tier 1 capital ratio 12.06 11.65 11.20 10.99 10.75
−Removed: Tier 1 leverage capital ratio 8.95 9.04 8.89 8.79 8.67
−Removed: (1) Based on the current expected credit losses (“CECL”) accounting methodology in 2020 and the incurred loss methodology in prior years.
−Removed: (2) Represents historical per share dividends declared by the Bancorp.
−Removed: (3) Net income available to common shareholders divided by average equity.
−Removed: (4) Fully taxable equivalent net interest income as a percentage of average-earning assets.
−Removed: (5) Represents the ratio of historical per share dividends declared by the Bancorp to diluted earnings per share.
−Removed: Selected Financial Data (Dollars in thousands)
−Removed: December 31, 2020 2019 2018 2017 2016
−Removed: Cash and cash equivalents $202,268 $138,455 $93,475 $82,923 $107,797
−Removed: Mortgage loans held for sale 61,614 27,833 20,996 26,943 29,434
−Removed: Total securities 894,571 899,490 938,225 793,495 755,545
−Removed: Federal Home Loan Bank stock, at cost 30,285 50,853 46,068 40,517 43,129
−Removed: Total loans 4,195,990 3,892,999 3,680,360 3,374,071 3,234,371
−Removed: allowance for credit losses on loans (1)
−Removed: 44,106 27,014 27,072 26,488 26,004
−Removed: Net loans 4,151,884 3,865,985 3,653,288 3,347,583 3,208,367
−Removed: Investment in bank-owned life insurance 84,193 82,490 80,463 73,267 71,105
−Removed: Goodwill and identifiable intangible assets 70,214 71,127 72,071 73,049 74,234
−Removed: Other assets 218,140 156,426 106,180 92,073 91,504
−Removed: Total assets $5,713,169 $5,292,659 $5,010,766 $4,529,850 $4,381,115
−Removed: Noninterest-bearing deposits $832,287 $609,924 $603,216 $578,410 $521,165
−Removed: Interest-bearing deposits 3,546,066 2,888,958 2,920,832 2,664,297 2,542,587
−Removed: Total deposits 4,378,353 3,498,882 3,524,048 3,242,707 3,063,752
−Removed: FHLB advances 593,859 1,141,464 950,722 791,356 848,930
−Removed: Junior subordinated debentures 22,681 22,681 22,681 22,681 22,681
−Removed: Other liabilities 184,081 126,140 65,131 59,822 54,948
−Removed: Total shareholders’ equity 534,195 503,492 448,184 413,284 390,804
−Removed: Total liabilities and shareholders’ equity $5,713,169 $5,292,659 $5,010,766 $4,529,850 $4,381,115
−Removed: Asset Quality:
−Removed: Nonaccrual loans $13,197 $17,408 $11,707 $15,211 $22,058
−Removed: Property acquired through foreclosure or repossession — 1,109 2,142 131 1,075
−Removed: Total nonperforming assets $13,197 $18,517 $13,849 $15,342 $23,133
−Removed: Wealth Management Assets:
−Removed: Market value of assets under administration $6,866,737 $6,235,801 $5,910,814 $6,714,637 $6,063,293
−Removed: (1) Based on the CECL accounting methodology in 2020 and the incurred loss methodology in prior years.
Management's Discussion and Analysis
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.