Financial Highlights

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 Fourth Quarter 2018 Financial Results

Opus Bank Reports Fourth Quarter 2018 Results
Financial Highlights
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
Balance Sheet ($000)
Total Assets 7,180,903 7,486,809 7,882,563 6,649,833 5,088,314
Total Net Loans 5,110,546 5,097,263 5,557,657 5,451,657 4,062,458
Total Deposits 5,951,888 5,943,938 6,681,761 5,307,048 3,795,875
Equity Attributable to Parent Company 1,040,813 1,023,464 925,935 867,038 799,583
Total Equity 1,040,813 1,023,464 925,935 867,038 799,583
Profitability (%)
Net Income($000) 30,918 47,643 11,454 59,943 43,707
Net Income Attributable to Parent($000) 30,918 47,643 11,454 59,943 43,707
ROAA 0.43 0.63 0.16 1.03 1
Core ROAA 0.73 0.78 0.26 1.06 0.97
ROAE 2.99 4.76 1.22 7.15 5.81
ROATCE NA 8.30 2.45 10.97 9.36
Core ROAE 5.10 5.94 2.02 7.38 5.64
Net Interest Margin 3.08 3.17 3.62 3.95 4.09
Reported: Net Interest Margin 3.08 3.17 3.62 3.95 4.09
Efficiency Ratio 65.93 66.74 49.66 45.85 58.62
Noninterest Inc/ Operating Rev 20.14 21.07 20.34 10.27 7.53
Balance Sheet Ratios (%)
Loans/ Deposits 86.78 87.03 84.84 103.56 107.63
Securities/ Assets 15.54 15.29 8.71 2.54 4.08
Total Equity/ Total Assets 14.49 13.67 11.75 13.04 15.71
Tangible Equity/ Tangible Assets 9.84 9.10 7.25 9.33 11.34
Tang Common Equity/ Tang Assets 9.41 8.69 7.24 9.32 9.92
Asset Quality (%)
NPAs/ Assets 0.39 0.78 1.21 0.37 0.21
NPA Excl Restructured/ Assets 0.39 0.78 1.21 0.37 0.21
NPAs & 90+ PD/ Assets 0.40 0.78 1.22 0.37 0.26
NPAs/ Loans & REO 0.54 1.13 1.68 0.45 0.26
Nonaccrual & 90+ & OREO/ Assets 0.40 0.78 1.21 0.37 0.25
NPAs & 90+ PD/ Loans & REO 0.55 1.13 1.69 0.45 0.32
NPA & Loans 90+/ Tangible Common Equity + LLR 4.10 8.46 14.65 3.90 2.60
NCOs/ Avg Loans 0.79 0.51 0.98 0.08 0.01
Loan Loss Reserves/ Gross Loans 1.06 1.47 1.97 0.80 0.56
Reserves/ NPAs 195.12 129.99 116.95 179.58 213.52
Loan Loss Provision/ NCO 47.96 (33.10) 214.95 646.31 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 640,171 632,568 561,840 585,772 449,876
Tier 1 Capital($000) 669,281 660,143 561,840 585,772 518,644
Tier 2 Capital($000) 189,019 205,073 211,405 45,427 NA
Total Capital($000) 858,300 865,216 773,245 631,199 542,351
Total Risk-weighted Assets($000) 5,614,428 5,779,574 6,275,075 5,417,643 3,910,806
Tier 1 Common Capital (CET1) Ratio(%) 11.40 10.94 8.95 10.81 11.50
Tier 1 Ratio(%) 11.92 11.42 8.95 10.81 13.26
Total Capital Ratio(%) 15.29 14.97 12.32 11.65 13.87
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.69 9.44 7.54 9.59 11.29
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 36,060,375 35,915,159 34,277,121 32,500,191 28,148,516
Avg Diluted Shares(actual) 38,270,650 37,770,993 35,103,431 33,448,090 31,659,431
Basic Book Value per Share 28.06 27.69 27 26.66 25.96
Book Value per Share, As Reported 27.67 27.31 26.99 26.65 25.17
Basic Tangible Book Value per Share 17.77 17.20 15.84 18.28 17.04
Tangible Book Value per Share, As Reported 17.81 17.26 15.84 18.28 17.26
Common Dividends Declared per Share 0.43 0 0.53 0.34 0
EPS after Extra 0.81 1.26 0.33 1.79 1.38
EPS after Extra Growth(%) (35.70) 281.80 (81.60) 29.70 (72.20)
Core EPS NA 1.57 0.54 1.85 1.34
Core EPS Growth(%) NA 189.40 (70.60) 37.90 (73.70)
Diluted EPS before Amortization NA 1.42 0.47 1.86 1.46
Pre-Provision Earnings per Share NA 1.38 2.78 2.39 1.41
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