Financial Highlights
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FQ1 YTD
3/31/2019
Balance Sheet ($000)
Total Assets 2,789,599 4,036,311 8,024,501 11,487,387 11,580,495
Total Net Loans 2,245,563 3,228,028 6,190,714 8,806,465 8,839,670
Total Deposits 2,195,123 3,145,581 6,085,886 8,658,351 8,715,175
Equity Attributable to Parent Company 298,980 459,740 1,241,996 1,969,697 2,007,064
Total Equity 298,980 459,740 1,241,996 1,969,697 2,007,064
Profitability (%)
Net Income($000) 25,515 40,103 60,100 123,340 38,718
Net Income Attributable to Parent($000) 25,515 40,103 60,100 123,340 38,718
ROAA 0.97 1.11 0.99 1.26 1.34
Core ROAA 1.12 1.20 1.34 1.49 1.47
ROAE 9.31 9.30 6.75 7.71 7.78
ROATCE 12.04 12.73 11.07 14.59 15.69
Core ROAE 10.73 10.03 9.16 9.11 8.52
Net Interest Margin 4.25 4.48 4.43 4.44 4.31
Reported: Net Interest Margin 4.25 4.48 4.43 4.44 4.37
Efficiency Ratio 55.81 53.64 50.97 51.66 48.88
Noninterest Inc/ Operating Rev 11.71 10.53 10.23 6.91 6.11
Balance Sheet Ratios (%)
Loans/ Deposits 102.70 103.05 101.81 102.06 101.73
Securities/ Assets 11.20 10.58 10.89 10.97 11.45
Total Equity/ Total Assets 10.72 11.39 15.48 17.15 17.33
Tangible Equity/ Tangible Assets 8.82 8.86 9.42 9.95 10.26
Tang Common Equity/ Tang Assets 8.82 8.86 9.42 9.95 10.26
Asset Quality (%)
NPAs/ Assets 0.18 0.04 0.05 0.04 0.11
NPA Excl Restructured/ Assets 0.18 0.04 0.04 0.04 0.11
NPAs & 90+ PD/ Assets 0.18 0.04 0.07 0.05 0.11
NPAs/ Loans & REO 0.23 0.05 0.06 0.06 0.15
Nonaccrual & 90+ & OREO/ Assets 0.18 0.04 0.07 0.05 0.11
NPAs & 90+ PD/ Loans & REO 0.23 0.05 0.09 0.06 0.15
NPA & Loans 90+/ Tangible Common Equity + LLR 1.99 0.43 0.75 0.48 1.17
NCOs/ Avg Loans 0.06 0.17 0.02 0.01 0.01
Loan Loss Reserves/ Gross Loans 0.77 0.66 0.47 0.41 0.43
Reserves/ NPAs 337.50 NM 780.58 719 290.06
Loan Loss Provision/ NCO 491.21 182.95 NM NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 245,224 356,658 717,145 1,087,164 1,117,228
Tier 1 Capital($000) 254,280 366,658 737,173 1,112,132 1,142,240
Tier 2 Capital($000) 77,920 81,492 115,209 125,183 126,507
Total Capital($000) 332,200 448,150 852,382 1,237,315 1,268,747
Total Risk-weighted Assets($000) 2,474,140 3,523,860 6,842,987 9,989,084 10,082,191
Tier 1 Common Capital (CET1) Ratio(%) 9.91 10.12 10.48 10.88 11.08
Tier 1 Ratio(%) 10.28 10.41 10.78 11.13 11.32
Total Capital Ratio(%) 13.43 12.72 12.46 12.39 12.58
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.52 9.78 10.61 10.38 10.69
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 21,570,746 27,798,283 46,245,050 62,480,755 62,773,299
Avg Diluted Shares(actual) 21,488,698 27,439,159 38,511,261 54,613,057 62,285,783
Basic Book Value per Share 13.86 16.54 26.86 31.52 31.97
Book Value per Share, As Reported 13.86 16.54 26.86 31.52 31.97
Basic Tangible Book Value per Share 11.17 12.51 15.26 16.84 17.43
Tangible Book Value per Share, As Reported 11.17 12.51 15.26 16.97 17.56
Common Dividends Declared per Share 0 0 0 0 0.22
EPS after Extra 1.19 1.46 1.56 2.26 0.62
EPS after Extra Growth(%) 24 22.70 6.80 44.90 3.30
Core EPS 1.37 1.57 2.12 2.67 0.68
Core EPS Growth(%) 34.80 14.80 34.50 26.10 3.90
Diluted EPS before Amortization 1.25 1.53 1.72 2.51 0.69
Pre-Provision Earnings per Share 1.57 1.82 2.18 2.75 0.71
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