11潛在增長機會-從標普全球市場情報獲得的地圖。-銀行總部的某些位置在地圖上重疊。-截至最近一個季度的公開財務信息。·建立PNW地區性商業社區銀行的長期目標;除西澳外,在OR和ID還有併購和生產團隊提升的潛在機會。·HFWA被定位為太平洋西北部地區的首選收購方。·大量銀行仍留在HFWA的足跡內;預計將進一步整合。-11家資產在2億至5億美元之間的銀行-21家資產在5億至10億美元之間的銀行-14家資產在10億至35億美元之間的銀行·財務參數包括15%的內部回報率和年利率
12完成兩筆FDIC交易皮爾斯商業銀行資產2.11億美元考利茨銀行3.45億美元資產收購Puget Sound Bancorp$6.39億資產Premier Commercial Bancorp$4.40億資產$1,015$812$1,369$1,346$1,340$1,712$3,651$3,879$4,113$4,238$5,553$6,615$7,432$7,484$7,484$1,747$1,079$12.21$12.99$13.10$13.16$13.31$15.02$15.68$16.08$13.16$13.31$22.85$22.34$22.40$12.03$12.16$12.23$11.40$10.73$11.86$1270$13.54$15.07$15.77$17.19$16.27$15.83$15.04$13.74$14.78$15.08$16.92$17.25$17.59$18.03有機收購資產每股賬面價值(GAAP)每股有形賬面價值(非GAAP)每股有形賬面價值,不包括AOCI(非GAAP)2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 Q2 2022 Q3 2022歷史增長有機和收購性合併與華盛頓銀行公司合併收購的硅谷社區銀行股份資產2.54億美元資產西北商業銀行6500萬美元資產-非GAAP財務指標的計算見附錄。-累計其他全面收益或虧損(AOCI)-每股有形賬面價值,不包括AOCI,約為2018年前期間的每股有形賬面價值。16.88美元
13存款市場份額華盛頓和俄勒岡2008年華盛頓和俄勒岡2013年華盛頓和俄勒岡-2022年存款市場份額排名機構(州)市場份額存款市場份額排名機構(州)存款市場份額1美國銀行(北卡羅來納州)$32,880 20.36%1美國銀行(北卡羅來納州)$34,290 19.44%1美國銀行(北卡羅來納州)$64,49718.59%2美國Bancorp(MN)18,200 11.27%2美國Bancorp(MN)24,3富國銀行(加州)22,985 13.03%3摩根大通(紐約)46,617 13.44%4富國銀行(加州)13,983 8.66%4摩根大通(紐約)15,638 8.87%4富國銀行(CA)40,551 11.69%5 KeyCorp(OH)11,282 6.99%5 KeyCorp(OH)11,806 6.69%5 KeyCorp(OH)18,670 5.38%6 Sterling Financial Corp.(WA)6,315 3.91%6 Washington Federal Inc.(WA)6,217 3.52%6 Umpqua Holdings Corporation(OR)17,658 5.09%7 Washington Federal Inc.(WA)4,697 2.91%7 Columbia Banking System Inc.(WA)5,840 3.31%7 Columbia Banking System,Inc.(WA)15,407 4.44%8 Umpqua Holdings Corp.(OR)3,683 2.28%8 Umpqua Holdings Corp.(OR)5,499 3.12%8 Banner Corporation(WA)10,879 3.14%9 Banner Corp.(WA)3,511,650 2.17%9 Sterling Financial Corp.(WA)5,203 2.95%9 Washington Federal,Inc.(WA)10,190 2.94%10 Frontier Financial Corp.(WA)3,304 2.05%10 Mitsubishi UFJ Financial Group475 1.97%10 W.T.B.Financial Corporation(WA)8,045 2.32%11 Columbia Banking System Inc.(WA)2,401 1.49%11 Banner Corp.(WA)3,255 1.85%11 Heritage Financial Corporation(WA)6,338 1.83%12 W.T.B.Financial Corp.(WA)2,356 1.46%12 W.T.B.Financial Corp.(WA)3,180 1.80%12 HomeStreet,Inc.西海岸銀行(OR)2,082 1.29%13 HomeStreet Inc.(西澳)1, 第一州際銀行系統公司(MT)3,566 1.03%14 HomeStreet Inc.(WA)1,268 0.79%14 SKBHC Holdings LLC(WA)1,551 0.88%14法國巴黎銀行SA 2,714 0.78%15下跌銀行(OR)1,142 0.71%15華盛頓銀行(WA)1,411 0.80%15 First Republic Bank(CA)2,708 0.72%16 americanWest Bancorp(西澳)1,100 0.68%16亞基馬聯邦物流協會。(西澳)1,402 0.79%16 Coastal Financial Corporation(西澳)2,700 0.72%17 Horizon Financial Corp.(西澳)1,097 0.68%17法國巴黎銀行(BNP Paribas SA)1,315 0.75%17 People Bancorp(西澳)2,500 0.59%18 Yakima Federal S&L Assoc.(西澳)1,094 0.68%18 Heritage Financial Corp.(西澳)1,227 0.70%18三菱日聯金融集團(Mitsubishi UFJ Financial Group,Inc.)2,497 0.57%19法國巴黎銀行1,002 0.62%19 People Bancorp(西澳)1,119 0.63%19 FS Bancorp,Inc.(西澳)2,033 0.78%20下跌金融公司(西澳)9930.62%20山羊谷銀行(西澳)1,094 0.62%20山羊絨谷銀行(西澳)1,964 0.29%21 City Bank(WA)955 0.59%21 Pacific Continental Corp.(OR)1,075 0.61%21 East West Bancorp,Inc.(CA)1,692 0.78%22 Columbia Bancorp(OR)940 0.58%22 Opus Bank(CA)968 0.55%22 Timberland Bancorp,Inc.(WA)1,692 0.78%22 Columbia Bancorp(OR)940 0.58%22 Opus Bank(CA)968 0.55%22 Timberland Bancorp,Inc.(WA)1,692 0.78%22 Columbia Bancorp(OR)940 0.58%22 Opus Bank(CA)968 0.55%22 Timberland Bancorp,Inc.(WA)1,692 0.78%22 Columbia Bancorp(OR)940 0.58%22 Opus Bank(CA)968 0.55%22 Timberland Bancorp,Inc.(WA)1,692 0.78%2223風險金融集團(WA)917 0.57%23 East West Bancorp Inc.(CA)925 0.52%23 First Northwest Bancorp(WA)1,598 0.44%24 First Financial Northwest Inc.(WA)868 0.54%24奧林匹克Bancorp Inc.(WA)807 0.46%24 Zion BancorpNA(UT)1,540 0.48%25 People Bancorp(WA)846 0.52%25滙豐控股802 0.45%25奧林匹克銀行(WA)1,522 0.43%26羊絨谷金融公司(WA)842 0.52%26下跌Bancorp(OR)800 0.45%26 Riverview Bancorp,Inc.(WA)1,507 0.46%27 Heritage Financial Corp.(WA)802 0.50%27 Zion BancorpNA(UT)774 0.44%27 Yakima Federal S&L Assoc.(西澳)1,498 0.44%28 Liberty Financial Group Inc.(或)778 0.48%28 Skagit Bancorp Inc.(西澳)667 0.38%28 Pacific Financial Corporation(西澳)1, 2040.43%29華盛頓銀行(西澳)734 0.45%29 Riverview Bancorp Inc.(西澳)660 0.37%29 First Financial Northwest,Inc.(西澳)1,194 0.34%30 First Indep投資集團(Investment Group Inc.)684 0.42%30第一金融西北公司(First Financial Northwest Inc.)642 0.36%30 Glacier Bancorp,Inc.(MT)1,049 0.35%31太平洋大陸公司(Pacific Continental Corp.)(OR)677 0.42%31 First FED。S&L協會。滙豐控股1,020 0.25%32 PremierWest Bancorp(OR)664 0.41%32 Timberland Bancorp Inc.(WA)596 0.34%32 Citizens Bancorp(OR)949 0.30%33 Riverview Bancorp Inc.(WA)630 0.39%33 Pacific Financial Corp.(WA)591 0.34%33 Pacific Premier BancorpBaker Boyer Bancorp(WA)468 0.27%34 Summit Bank Group,Inc.(或)861 0.23%35 Zion Bancorp北卡羅來納(UT)572 0.35%35奧林匹亞聯邦儲貸協會(WA)465 0.26%35國泰總行(CA)822 0.25%36惠特曼銀行(華盛頓)528 0.33%36 Home Federal Bancorp Inc.(ID)451 0.26%36 Sound Financial Bancorp,Inc.(WA)790 0.22%37華盛頓第一金融集團(WA)515 0.32%37 First Citizens BancShares Inc.(NC)416 0.24%37 First Citizens BancShares,Inc.(NC)772 0.22%38 First FEDS&L協會。洛杉磯港(WA)496 0.31%38 Citizens Bancorp(OR)404 0.23%38 BEO Bancorp(OR)771 0.21%39 Skagit Bancorp Inc.(WA)486 0.30%39 Coastal Financial Corp.(WA)349 0.20%39 PBCO Financial Corporation(OR)751 0.20%40 Timberland Bancorp Inc.(WA)480 0.30%40 Evergreen Federal Bank(OR)336 0.19%40 Baker Boyer Bancorp(WA)728 0.22%市場上機構總計161,492市場中機構總數176371機構入市合計346美元, 在84家機構中,120家機構中的148家機構中有970家-從標普全球市場情報獲得的數據顯示,截至6月30日的一年。在其他幻燈片上以數百萬美元計。我們可以在這裏轉換嗎?會更容易閲讀。KD轉換。
財務最新消息
15財務更新-2022年第三季度·2022年第三季度淨收入為2100萬美元,或每股稀釋後收益0.59美元,而2022年第二季度為1860萬美元,或每股稀釋後收益0.52美元,2021年第三季度為2060萬美元,或每股稀釋後收益0.58美元。·2022年第三季度,應收貸款增長1.272億美元,摺合成年率增長3.3%。·2022年第三季度的淨利息收入增加了920萬美元,增幅18.5%,達到5930萬美元,而2022年第二季度的淨利息收入為5000萬美元。·淨息差從2022年第二季度的3.04%和2021年第三季度的3.15%增加到2022年第三季度的3.57%。·2022年第三季度的總存款成本保持在0.09%,與2022年第二季度和2021年第三季度的0.09%持平。·截至2022年9月30日,不良資產佔總資產的比例降至0.09%,而2022年6月30日和2021年9月30日分別為0.14%和0.36%。·於2022年10月19日宣佈定期現金股息為每股普通股0.21美元。
16$3,669$4,336$4,181$3,815$4,006$3,836$3,773$3,812$3,860 5.17%4.44%4.54%4.41%4.34%4.28%4.64%4.42%4.41%4.30%4.51%4.26%4.13%4.20%4.15%4.49%平均貸款收益率SBA PPP(非GAAP)2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022商業和工業平均貸款餘額和貸款收益率18.4%SBA PPP 0.1%業主自住CRE 24.0%非業主自住CRE 38.6%住宅房地產7.4%建設和土地開發6.3%消費者5.2%貸款組合當前季度貸款組合貸款組合重新定價時間表(不包括SBA PPP貸款)35.7%33.9%30.6%28.6%26.0%25.5%22.0%20.3%21.3%22.4%23.9%23.0%42.3%45.8%48.1%49.0%50.1%51.5%固定利率浮動(3個月重新定價)2019 2020 2021 Q1 2022 Q2 2022 Q3 2022-貸款收益率計算包括應收貸款的平均餘額,淨額和待售貸款。-非公認會計準則財務計量的計算見附錄。4.62%
17 LOAN PORTFOLIO COMPOSITION $3,768 $4,469 $3,816 $3,821 $3,874 $4,001 $852 $733 $622 $652 $699 $735 $805 $857 $931 $936 $951 $959 $1,289 $1,410 $1,493 $1,505 $1,516 $1,547 $132 $123 $165 $223 $265 $296 $275 $306 $227 $222 $219 $253 $415 $325 $232 $218 $213 $207 $715 $146 Commercial & industrial Owner-occupied CRE Non-owner occupied CRE Residential real estate Construction & land development Consumer SBA PPP 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022
18新承諾金額$30$23$22$43$30$27$45$75$62$47$271$329$224$284$281(不包括消費性住宅)SBA PPP SBA PPP 2021年第三季度2021年第四季度2022年第二季度2022年第三季度2022年第三季度貸款產生-2022年第一季度、2022年第二季度和2022年第三季度產生的住宅承諾分別包括4200萬美元、2700萬美元和2900萬美元的購買貸款。
19 Construction Commitments $580 $486 $488 $472 $489 $542 $275 $306 $227 $222 $219 $253 $305 $180 $261 $250 $270 $289 Outstanding Balance Available Credit 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 35.06% 25.62% 25.17% 28.53% 30.90% 35.43%36.28% 32.91% 31.33% 31.34% 31.30% 31.80% 47.41% 62.96% 46.52% 47.03% 44.79% 46.68% Utilization Rate - Construction LOCs Utilization Rate - Consumer LOCs Utilization Rate - Commercial and Industrial Loan LOCs 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 LINE OF CREDIT ("LOC") UTILIZATION LOC Utilization Rates
20應收貸款變化$3,874$(8)$207$(72)$(55)$55$4,001 2022年6月30日的應收貸款購買力平價預付款和還款淨額貸款2022年9月30日的應收貸款到期日/還款淨額$3,821$(54)$242$(139)$(7)$10$3,874 2022年3月31日的應收貸款購買力平價預付款和還款貸款產生的預付款2022年6月30日的應收貸款預付款淨額/付款貸款變化-2022年第三季度貸款變化-2022年第二季度
21商業貸款風險敞口按行業風險敞口行業劃分的商業商業貸款2021年12月31日擔保金額擔保2022年6月30日擔保2022年9月30日房地產,租金及租賃1,678 4.4 4.4醫療護理及社會援助320 4.5 4.5 4.6住宿及飲食服務167 6.3 6.0 5.8零售業161 4.6 4.5建造業157 4.6 4.6 4.6其他服務(公共行政除外)99 4.7 4.6 4.6製造業103 5.1 5.0 5.1所有其他行業556 4.5 4.4合共3,241 4.6 4.5 4.5中央薪俸貸款按抵押品類型抵押品類型擔保金額擔保於2022年6月30日擔保金額擔保於2022年9月30日擔保辦公室$570 4.3 4.3工業365 4.4 4.4零售商店/購物中心284 4.6 4.6 4.6多户235 4.3 4.3 4.3綜合用途物業165 4.7 4.6汽車旅館/酒店142 6.1 5.8 5.7單一用途114 4.3 4.6 4.6倉庫152 4.6 4.64.5 4.6迷你貯物150 4.8 4.2 4.2康樂/學校79 5.1 4.9 4.9其他251 4.7 4.7 4.8總計2,507 4.6 4.5 4.5-按NAICS代碼分類-不包括SBA PPP貸款。-WARR=加權平均風險評級。寫字樓22.7%工業14.6%零售店/購物中心11.2%多户9.4%混合用途物業6.6%汽車旅館/酒店5.7%單一用途4.5%倉庫6.1%迷你倉儲6.0%康樂/學校3.2%其他10.0%房地產和租賃51.7%醫療保健和社會救助9.9%住宿和食品服務5.2%零售業5.0%建築業4.8%其他服務業(不包括公共管理)3.1%製造業3.2%所有其他行業17.1%
22 $45 $58 $24 $17 $10 $6 Nonaccrual loans OREO Nonperforming assets to total assets 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 0.82% 0.88% 0.32% 0.22% 0.14% 0.09% NONPERFORMING ASSETS $1 0.09% 0.07% 0.01% (0.03)% 0.04% 0.05% (0.05)% 0.00% (0.05)% Net charge-offs (recoveries) on loans to average loans, annualized 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022
23批評貸款$143$291$183$175$166$151$45$58$24$17$10$6$49$100$89$95$84$60$49$132$71$63$72$84不合標準-應計項目特別提及2019 2020 2021 Q1 2022 Q2 2022 Q3 2022按抵押品類型批評的貸款22.3%業主自住的CRE 26.3%非業主自住的CRE 44.4%住宅房地產0.1%建築和土地開發5.3%消費者1.6%貸款被貸款部門汽車旅館/酒店30.2%寫字樓10.6%零售商店/購物中心8.1%混合用途物業5.5%老年人護理5.6%農場3.3%輔助生活3.8%餐廳4.3%工業3.0%倉庫2.8%其他CRE 6.1%非CRE 16.7%
24-非公認會計準則財務計量的計算見附錄。$36$70$42$40$40$42貸款的ACL($)貸款/貸款的ACL(%)貸款/貸款的ACL不包括。SBA PPP(非GAAP)(%)2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 0.96%1.57%1.11%1.06%1.02%1.05%1.87%1.15%1.07%1.03%1.05%貸款的信貸損失撥備
25 $4,461 $5,298 $6,090 $6,398 $6,170 $6,374 $6,409 $6,391 $6,374 0.37% 0.23% 0.10% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% Average deposits Cost of total deposits 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Deposit Composition DEPOSITS Deposit Balances and Cost of Total Deposits 31.8% 35.5% 36.7% 36.9% 36.7% 37.0% 29.3% 30.6% 30.4% 31.1% 31.3% 32.0% 16.4% 17.2% 17.5% 16.9% 16.8% 16.0% 11.1% 9.6% 10.0% 10.0% 10.3% 10.4% 11.4% 7.1% 5.4% 5.1% 4.9% 4.6% Noninterest demand deposits Interest bearing demand deposits Money market accounts Savings accounts Certificates of deposit 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022
26$952$802$1,278$2,129$1,073$1,278$1,462$1,803$2,129$243$153$757$865$100$268$290$427$438 2.75%2.40%2.13%2.29%2.13%2.12%1.96%2.15%2.63%投資組合收益率2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022投資組合投資組合(按公允價值計算)美國政府和機構投資組合9.1%住宅CMO和MBS 35.2%商業CMO和MBS 45.4%債務0.3%其他資產支持證券1.1%3.15 2.69 4.85 4.98 3.59 5.64 6.76 4.15 4.35 4.85 5.52 5.28 4.98 7.94 5.20 4.51 3.96 4.09期限-總投資組合期限-僅2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022投資組合期限投資組合的強勁信用質量:·89.7%投資於美國政府和機構證券·10AA級或更好的0.0%·比AA級低0.3%
27 3.36%(0.47)(0.12)%0.25%0.12%0.01%3.15%YTD Q3 2021年PPP貸款收益率投資計息存款YTD Q3 2022 4.22%3.63%3.23%3.15%3.15%2.85%2.84%3.04%3.57%3.57%3.18%3.12%3.11%2.83%2.81%3.02%3.54%NIM,不包括購買貸款(非GAAP)的增值2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022淨息差-非GAAP財務指標的計算請參閲附錄。3.04%(0.09)%0.25%0.28%0.10%(0.01)%3.57%QTD Q3 2022貸款收益率投資計息存款計息負債總額QTD Q3 2022淨息差變化QTD Q3 2022與QTD Q2 2022淨息差變化YTD Q3 2022與YTD Q3 2021淨息差(GAAP)
28 2022年9月30日資產重新定價組成浮動利率(3個月重新定價)固定利率賺取利息的存款總額$307$-$-$307投資證券總額,按公允價值計算109 9 1,915 2,033應收貸款(不包括小型企業購買力平價)920 1,022 2,060 4,002生息資產總額$1,336$1,031$3,975$6,342%生息資產總額21.1%16.3%62.6%無息資產總額858資產總額7,200%總資產18.6%14.3%55.2%生息資產平均構成77.6%67.6%56.9%56.8%55.8%54.4%54.7%57.2%58.4%10.7%8.6%0.7%6.1%3.1%1.6%0.5%0.1%20.3%16.0%15.8%25.2%16.2%17.5%21.2%24.0%30.4%5.7%18.7%17.3%21.9%25.0%22.5%18.3%11.1%利息存款投資證券SBA PPP應收貸款,NET,不包括SBA PPP 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 2.1%
29 $67.6 $46.6 $98.0 $59.3 $85.4 $89.3 $91.1 $68.7 Net income (GAAP) PTPP income (non-GAAP) 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 $20.6 $19.4 $19.8 $18.6 $21.0 $22.4 $19.3 $19.8 $21.4 $27.6 PROFITABILITY TRENDS ROAE (GAAP) and ROATCE (non-GAAP) Noninterest Expense/Avg. Assets ROAA (GAAP) and PTPP ROAA (non-GAAP) 1.25% 0.74% 1.38% 1.07% 1.13% 1.04% 1.08% 1.01% 1.13% 1.58% 1.42% 1.28% 1.24% 1.23% 1.03% 1.08% 1.16% 1.49% ROAA (GAAP) PTPP ROAA (non-GAAP) 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Net Income (GAAP) and PTPP Income (non- GAAP), in millions 13.35% 8.98% 17.05% 14.24% 13.93% 13.27% 13.83% 13.68% 15.20% 8.56% 5.78% 11.64% 9.64% 9.55% 9.06% 9.47% 9.19% 10.27% ROAE (GAAP) ROATCE (non-GAAP) 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 2.71% 2.37% 2.09% 2.00% 2.04% 2.06% 1.95% 1.94% 2.11% 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 – Refer to Appendix for calculation of non-GAAP financial measures – ROAA - Return on average assets – PTPP - Pre-tax, pre-provision – ROAE - Return on average equity – ROATCE - Return on average tangible common equity
30 10.2%8.5%8.3%8.3%8.7%9.0%10.4%8.9%8.4%7.9%7.9%7.6%14.6%12.4%11.5%11.0%11.0%10.8%股東權益佔有形資產總額(非GAAP)有形普通股權益佔有形資產總額的比例,不包括AOCI(非GAAP)2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 12.8%14.0%14.8%14.7%14.4%14.0%10.0%10.0%10.0%10.0%2.8%4.0%4.8%4.7%4.4%4.0%資本充足的超額資本2019 2020 2021 Q1 2022 Q2 2022 Q3 2022-當前季度比率為待完成和提交公司監管報告的估計。-非公認會計準則財務指標的計算見附錄。-資本充裕代表FDIC銀行資本充裕的比率門檻。一級槓桿和基於總風險的資本的最低資本比率要求分別為4.0%和8.0%。-根據銀行的資產和負債管理政策,經紀CD容量限制為總存款的15%。10.6%9.0%8.7%8.8%8.9%9.2%5.0%5.0%5.0%5.6%4.0%3.7%3.8%3.9%4.2%資本充足的超額資本2019 2020 2021 Q1 2022 Q2 2022 Q3 2022資本和流動性來源一級槓桿率基於風險的資本權益比率主要和二級流動性來源9月30日,2022年現金和現金等價物407未擔保投資證券1,348 FHLB和FRB借款可用性1,238聯邦基金額度215經紀CD能力936總計4,144美元
股東回報
32 TOTAL SHAREHOLDER RETURN Stock Summary Ticker HFWA Exchange NASDAQ Stock price $30.10 Market capitalization (in billions) $1.06 Dividend yield (regular dividend only) 2.79% Average Daily Volume (3 month) Average daily volume (shares) 181,644 Average daily volume ($000s) $5,467 52-Week High and Low Price 52-week high (October 13, 2022) 30.31 52-week low (November 30, 2021) 20.95 Per Share Tangible book value per share $15.04 EPS - 2022E $2.15 EPS - 2023E $2.41 Number of research analysts 6 Valuation Ratios Price / Tangible book value 200.2% Price / 2022E EPS 14.0x Price / 2023E EPS 12.5x Dividends Per Share Declared $0.63 $0.50 $0.53 $0.72 $0.61 $0.72 $0.84 $0.80 $0.81 $0.08 $0.10 $0.11 $0.12 $0.15 $0.18 $0.20 $0.20 $0.21$0.08 $0.11 $0.12 $0.13 $0.15 $0.18 $0.20 $0.20 $0.21 $0.09 $0.11 $0.12 $0.13 $0.15 $0.19 $0.20 $0.20 $0.21 $0.09 $0.11 $0.12 $0.13 $0.17 $0.19 $0.20 $0.21 $0.16 $0.10 $0.25 $0.10 $0.10 $0.10 Q1 Q2 Q3 Q4 Special dividends 2014 2015 2016 2017 2018 2019 2020 2021 2022 Diluted Earnings Per Share – Market information as of October 13, 2022. – Dividend information as of October 20, 2022. $1.67 $0.79 $1.25 $1.30 $1.39 $1.49 $1.83 $1.29 $2.73 $0.16 $0.32 $0.30 $0.31 $0.27 $0.45 $0.34 $0.70 $0.56$0.16 $0.29 $0.30 $0.40 $0.35 $0.43 -$0.17 $0.90 $0.52 $0.23 $0.32 $0.37 $0.35 $0.42 $0.48 $0.46 $0.58 $0.59 $0.24 $0.32 $0.33 $0.33 $0.45 $0.47 $0.66 $0.55 Q1 Q2 Q3 Q4 2014 2015 2016 2017 2018 2019 2020 2021 2022
附錄--非公認會計準則財務計量和季度財務統計的對賬
34 NON-GAAP FINANCIAL MEASURES 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 PTPP Income and PTPP ROAA: Net income (GAAP) $67,557 $46,570 $98,035 $59,330 $20,592 $19,397 $19,757 $18,584 $20,990 Exclude income tax expense 13,488 6,610 22,472 12,216 4,997 4,922 3,582 3,977 4,657 Exclude provision for (reversal of provision for) credit losses 4,311 36,106 (29,372) (2,836) (3,149) (5,037) (3,577) (1,204) 1,945 PTPP income (non-GAAP) $85,356 $89,286 $91,135 $68,710 $22,440 $19,282 $19,762 $21,357 $27,592 Average total assets $5,411,078 $6,293,622 $7,126,250 $7,395,801 $7,214,960 $7,403,597 $7,434,787 $7,385,616 $7,367,736 ROAA, annualized (GAAP) 1.25 % 0.74 % 1.38 % 1.07 % 1.13 % 1.04 % 1.08 % 1.01 % 1.13 % PTPP ROAA, annualized (non-GAAP) 1.58 % 1.42 % 1.28 % 1.24 % 1.23 % 1.03 % 1.08 % 1.16 % 1.49 % Loan Yield, excluding SBA PPP Loans, annualized: Interest and fees on loans (GAAP) $189,515 $192,417 $189,832 $125,762 $46,863 $42,695 $41,025 $40,890 $43,847 Exclude impact on loan yield from SBA PPP loan interest and fees — (19,472) (32,109) (5,137) (8,041) (4,927) (3,081) (1,782) (275) Adjusted interest and fees on loans (non- GAAP) $189,515 $172,945 $157,723 $120,625 $38,822 $37,768 $37,944 $39,108 $43,572 Average loans receivable, net (GAAP) $3,668,665 $4,335,564 $4,181,464 $3,815,387 $4,005,585 $3,836,029 $3,773,325 $3,812,045 $3,859,839 Exclude average SBA PPP loans — (589,635) (549,422) (49,423) (392,570) (204,436) (109,594) (34,090) (5,726) Adjusted average loans receivable, net (non-GAAP) $3,668,665 $3,745,929 $3,632,042 $3,765,964 $3,613,015 $3,631,593 $3,663,731 $3,777,955 $3,854,113 Loan yield, annualized (GAAP) 5.17 % 4.44 % 4.54 % 4.41 % 4.64 % 4.42 % 4.41 % 4.30 % 4.51 % Loan yield, excluding SBA PPP loans, annualized (non-GAAP) 5.17 % 4.62 % 4.34 % 4.28 % 4.50 % 4.13 % 4.20 % 4.15 % 4.49 % – Dollars in thousands – ROAA - Return on average assets – PTPP - Pre-tax, pre-provision
35 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 ROATCE: Net income (GAAP) $67,557 $46,570 $98,035 $59,330 $20,592 $19,397 $19,757 $18,584 $20,990 Add amortization of intangible assets 4,001 3,525 3,111 2,079 758 759 704 704 671 Exclude tax effect of adjustment (840) (740) (653) (437) (159) (159) (148) (148) (141) Tangible net income (non-GAAP) $70,718 $49,355 $100,493 $60,972 $21,191 $19,997 $20,313 $19,140 $21,520 Average stockholders' equity (GAAP) $789,502 $805,580 $842,067 $822,571 $855,708 $849,383 $846,085 $810,961 $811,052 Exclude average intangible assets (259,667) (255,898) (252,540) (249,904) (252,159) (251,331) (250,593) (249,890) (249,245) Average tangible common stockholders' equity (non-GAAP) $529,835 $549,682 $589,527 $572,667 $603,549 $598,052 $595,492 $561,071 $561,807 ROAE, annualized (GAAP) 8.56 % 5.78 % 11.64 % 9.64 % 9.55 % 9.06 % 9.47 % 9.19 % 10.27 % ROATCE, annualized (non-GAAP) 13.35 % 8.98 % 17.05 % 14.24 % 13.93 % 13.27 % 13.83 % 13.68 % 15.20 % Net Interest Margin, excluding Incremental Accretion on Purchased Loans, annualized: Net interest income (GAAP) $199,682 $200,997 $205,789 $156,279 $51,378 $47,908 $46,944 $50,048 $59,286 Exclude incremental accretion on purchased loans (4,876) (3,446) (2,638) (1,252) (681) (387) (584) (270) (398) Adjusted net interest income (non-GAAP) $194,806 $197,551 $203,151 $155,027 $50,697 $47,521 $46,360 $49,778 $58,888 Average total interest earning assets, net $4,729,885 $5,535,236 $6,381,048 $6,632,924 $6,474,527 $6,671,984 $6,694,578 $6,612,958 $6,592,361 Net interest margin, annualized (GAAP) 4.22 % 3.63 % 3.23 % 3.15 % 3.15 % 2.85 % 2.84 % 3.04 % 3.57 % Net interest margin, excluding incremental accretion on purchased loans, annualized (non-GAAP) 4.12 % 3.57 % 3.18 % 3.12 % 3.11 % 2.83 % 2.81 % 3.02 % 3.54 % NON-GAAP FINANCIAL MEASURES – Dollars in thousands – ROATCE - Return on average tangible common equity – ROAE - Return on average equity
36 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 Tangible Common Equity to Tangible Assets and Tangible Common Equity to Tangible Assets, excluding AOCI: Total stockholders' equity (GAAP) $809,311 $820,439 $854,432 $821,449 $805,366 $776,702 Exclude intangible assets (257,552) (254,027) (250,916) (250,212) (249,508) (248,837) Tangible common equity (non-GAAP) $551,759 $566,412 $603,516 $571,237 $555,858 $527,865 Exclude AOCI 10,378 25,018 9,396 (34,228) (61,783) (105,001) Tangible common equity, excluding AOCI (non-GAAP) $541,381 $541,394 $594,120 $605,465 $617,641 $632,866 Total assets (GAAP) $5,552,970 $6,615,318 $7,432,412 $7,483,814 $7,316,467 $7,200,312 Exclude intangible assets (257,552) (254,027) (250,916) (250,212) (249,508) (248,837) Tangible assets (non-GAAP) $5,295,418 $6,361,291 $7,181,496 $7,233,602 $7,066,959 $6,951,475 Exclude unrealized gain or loss of investment securities available for sale, net of tax 10,378 25,018 9,396 (34,228) (61,783) (105,001) Tangible assets, excluding AOCI (non-GAAP) $5,285,040 $6,336,273 $7,172,100 $7,267,830 $7,128,742 $7,056,476 Stockholders' equity to total assets (GAAP) 14.6 % 12.4 % 11.5 % 11.0 % 11.0 % 10.8 % Tangible common equity to tangible assets (non-GAAP) 10.4 8.9 8.4 7.9 7.9 7.6 Tangible common equity to tangible assets, excluding AOCI (non-GAAP) 10.2 % 8.5 % 8.3 % 8.3 % 8.7 % 9.0 % ACL on Loans to Loans Receivable, excluding SBA PPP Loans: Allowance for credit losses on loans $36,171 $70,185 $42,361 $40,333 $39,696 $42,089 Loans receivable (GAAP) $3,767,879 $4,468,647 $3,815,662 $3,821,178 $3,874,064 $4,001,295 Exclude SBA PPP loans — (715,121) (145,840) (64,962) (11,334) (3,593) Loans receivable, excluding SBA PPP (non-GAAP) $3,767,879 $3,753,526 $3,669,822 $3,756,216 $3,862,730 $3,997,702 ACL on loans to loans receivable (GAAP) 0.96 % 1.57 % 1.11 % 1.06 % 1.02 % 1.05 % ACL on loans to loans receivable, excl. SBA PPP loans (non-GAAP) 0.96 % 1.87 % 1.15 % 1.07 % 1.03 % 1.05 % NON-GAAP FINANCIAL MEASURES – Dollars in thousands
37 2009 2010 2011 2012 2013 2014 2015 2016 Tangible Book Value Per Share: Total stockholders' equity (GAAP) $158,498 $202,279 $202,520 $198,938 $215,762 $454,506 $469,970 $481,763 Exclude intangible assets (13,358) (14,965) (14,525) (14,098) (30,980) (129,918) (127,818) (126,403) Exclude preferred stock (23,487) — — — — — — — Tangible common equity (non-GAAP) $121,653 $187,314 $187,995 $184,840 $184,782 $324,588 $342,152 $355,360 Exclude AOCI (233) 377 1,736 1,744 (1,162) 3,378 2,559 (2,606) Tangible common equity, excluding AOCI (non-GAAP) $ 121,886 $ 186,937 $ 186,259 $ 183,096 $ 185,944 $ 321,210 $ 339,593 $ 357,966 Shares outstanding 11,057,972 15,568,471 15,456,297 15,117,980 16,210,747 30,259,838 29,975,439 29,954,931 Book value per share (GAAP) $12.21 $12.99 $13.10 $13.16 $13.31 $15.02 $15.68 $16.08 Tangible book value per share (non-GAAP) $11.00 $12.03 $12.16 $12.23 $11.40 $10.73 $11.41 $11.86 Tangible book value per share, excluding AOCI (non-GAAP) $11.02 $12.01 $12.05 $12.11 $11.47 $10.62 $11.33 $11.95 Tangible Book Value Per Share (continued): 2017 2018 2019 2020 2021 2022 Q1 Q2 Q3 Total stockholders' equity (GAAP) $505,305 $760,723 $809,311 $820,439 $854,432 $821,449 $805,366 $776,702 Exclude intangible assets (125,117) (261,553) (257,552) (254,027) (250,916) (250,212) (249,508) (248,837) Tangible common equity (non-GAAP) $380,188 $499,170 $551,759 $566,412 $603,516 $571,237 $555,858 $527,865 Exclude AOCI (1,298) (7,455) 10,378 25,018 9,396 (34,228) (61,783) (105,001) Tangible common equity, excluding AOCI (non-GAAP) 381,486 506,625 541,381 541,394 594,120 605,465 617,641 632,866 Shares outstanding 29,927,746 36,874,055 36,618,729 35,912,243 35,105,779 35,102,372 35,103,929 35,104,248 Book value per share (GAAP) $16.88 $20.63 $22.10 $22.85 $24.34 $23.40 $22.94 $22.13 Tangible book value per share (non-GAAP) $12.70 $13.54 $15.07 $15.77 $17.19 $16.27 $15.83 $15.04 Tangible book value per share, excluding AOCI (non-GAAP) $12.75 $13.74 $14.78 $15.08 $16.92 $17.25 $17.59 $18.03 NON-GAAP FINANCIAL MEASURES – Dollars in thousands
38截至期末或截至2021年9月30日的三個月2021年12月31日2022年6月30日2022年9月30日592稀釋後每股收益$0.58$0.55$0.56$0.52$0.59税前平均資產回報率(GAAP)1.13%1.04%1.08%1.01%1.13%撥備前平均資產回報率(非GAAP)1.23 1.03 1.08 1.16 1.49平均普通股權益回報率(GAAP)9.55 9.06 9.47 9.19 10.27平均有形普通股權益回報率(非GAAP)13.93 13.27 13.83 13.68 15.20淨息差3.15 2.85 2.84 3.04 3.57效率比率62.35 66.61 64.38 62.57 58.66非利息支出與平均總額之比資產2.04%2.06%1.95%1.94%2.11%資產負債表:總資產7美元,應收貸款淨額3,905,567 3,773,301 3,780,845 3,834,368 3,959,206存款總額6,229,017美元6,394,290美元6,491,500美元6,330,190美元6,237,735貸存比率63.5%59.7%58.9%61.2%64.1%資本:每股賬面價值(GAAP)$24.13$24.34$23.40$22.94$22.13每股有形賬面價值(非GAAP)$16.97$17.19$16.27$15.83$15.04每股有形賬面價值,不包括AOCI(非GAAP)$16.55$16.92$17.25$17.59$18.03槓桿率8.8%8.7%8.8%8.9%9.2%總資本比率14.8%14.8%14.7%14.4%14.0%信用質量:不良資產佔總資產0.36%0.32%0.22%0.14%應收貸款(GAAP)1.22 1.11 1.06 1.02 1.05關於應收貸款貸款的acl,不包括SBA PPP(非GAAP)1.31%1.15%1.07%1.03%1.05%-以千美元為單位-非GAAP財務衡量標準的計算見附錄。季度財務統計數據