Cit Bank
Salt Lake City, UT — Non-member Bank
Acquired Aug 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Cit Bank | All Insured Commercial Banks in Utah |
Interest and Fees on Loans | 287,890 | 65,813 |
Income from Lease Financing Receivables | 102,786 | 789 |
— | 3 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2 |
Income on Loans and Leases (TE) | 390,676 | 69,574 |
Investment Interest Income (TE) | 6,131 | 5,128 |
Total Interest Income (TE) | 400,778 | 77,892 |
Total Interest Expense | 151,045 | 14,258 |
Net Interest Income (TE) | 249,733 | 62,233 |
Non-Interest Income | 191,746 | 21,665 |
Adjusted Operating Income (TE) | 441,479 | 83,862 |
Non-interest Expense | 277,755 | 34,913 |
Provision for Loan & Lease Losses | 53,951 | 3,290 |
Pretax Operating Income (TE) | 109,773 | 37,526 |
Pretax Net Operating Income (TE) | 109,773 | 36,975 |
Applicable Income Taxes | 37,082 | 13,354 |
Net Operating Income | 72,691 | 23,211 |
Net Income | 72,691 | 23,182 |
Cash Dividends Declared | 20,215 | 10,418 |
Retained Earnings | 52,476 | 8,687 |