This is not a complete list of CitiFirst structures. The descriptions above are not intended to completely describe how an investment works or to detail all of the terms, risks and benefits of a particular investment. The return profiles can change. Please refer to the offering documents and related material s of a particular investment for a comprehensive description of the structure, terms, risks and benefits related to that investment.
You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. By their nature, these statements are subject to numerous uncertainties that could cause actual results to differ materially from those anticipated in the statements.
Important factors that could cause actual results to differ materially from the results anticipated or projected include, but are not limited to, the following: Department of the Treasury and other governmental initiatives affecting the financial services industry; 16 changes Cross 9e tbb ch15 accounting principles, policies or guidelines; 17 our future acquisitions of other depository institutions or lines of business; and 18 future goodwill impairment due to changes in our business, changes in market conditions, or other factors.
Set forth below are investor presentation materials. These statements may relate to our future financial performance, strategic plans or objectives, revenues or earnings projections, or other financial items. We do not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date on which the forward-looking statement is made Premier middle-market franchise in Chicago MSA Chicago-based bank with a strong position in affluent DuPage and Cook counties.
Strong operating earnings and performance metrics Well-positioned for opportunistic acquisitions Consolidator of six failed banks. Track record of being disciplined acquirer and experienced integrator.
Strong liquidity and capital position Improved and improving asset quality Strong and experienced management team Company Highlights 2 Source: Business line financial data as of December 31, Company Strategy Focus on profitable growth in our key lines of business. Improve an already strong deposit base.
Keep the ratio of net non-interest expense to average assets at the low end of our peers. Our management uses these non-GAAP measures, together with the related GAAP measures, in its analysis of our performance and in making business decisions.
Management also uses these measures for peer comparisons. Management believes that others within the banking industry present these measures on a fully tax equivalent basis, and accordingly believes that providing these measures may be useful for peer comparison purposes.
Management believes that pre-tax, pre-provision operating earnings are a useful measure in assessing our operating performance, particularly during times of economic stress. In recent periods, our results of operations have been negatively impacted by adverse economic conditions, as seen in our elevated levels of loan charge-offs and provision for credit losses.
Management believes that measuring earnings before the impact of the provision for credit losses makes our financial data more comparable between reporting periods so that investors can better understand our operating performance trends.
Management also believes that this is a standard figure used in the banking industry to measure performance. Management believes that core and non-core other fee income and other expense are useful in assessing our operating performance and in understanding the primary drivers of our other fee income and other expense when comparing periods.
The ratios of tangible common equity to tangible assets and tangible common equity to risk-weighted assets exclude goodwill and other intangible assets, net of tax benefits, in determining tangible assets and tangible common equity.
Management also believes that providing measures that exclude balances of goodwill and other intangible assets, which are subjective components of valuation, facilitates the comparison of our performance with the performance of our peers. In addition, management believes that these are standard financial measures used in the banking industry to evaluate performance.
The non-GAAP disclosures contained herein should not be viewed as substitutes for the results determined to be in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.
The following table reconciles net interest margin on a fully tax equivalent basis to net interest margin for the periods presented:Nowadays, every business needs finance.
But at the same time, bad debt has become a stinging problem for the creditors. Many companies are faced with the high credit risk, so obtaining it can be one of the most difficult parts of running your business.
1 This presentation contains statements that are forward looking, as that term is defined by the Private Securities Litigation Reform Act of , as amended, or by the SEC in its rules, regulations and releases.
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