Attached files
file | filename |
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8-K - MARSHALL & ILSLEY CORP | mi8k.htm |
EX-99.1 - EARNINGS PRESS RELEASE - MARSHALL & ILSLEY CORP | exh991.htm |
EX-99.3 - PRESS RELEASE - MARSHALL & ILSLEY CORP | exh993.htm |
| Exhibit 99.2 | |||||||
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| 3rd Quarter 2010 Supplemental Financial Information |
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| Marshall & Ilsley Corporation (NYSE: MI) |
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| For additional inquiries or | ||||||
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| questions, please contact: | ||||||
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| M&I Investor Relations | ||||||
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| (414) 765-7801 | ||||||
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| e-mail: micorp@micorp.com | ||||||
| The following unaudited financial information has been provided for the benefit of showing M&I's current versus historical results. |
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| Gregory A. Smith | ||||
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| Chief Financial Officer | |||||
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| (414) 765-7727 | |||||
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| David L. Urban | |||||
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| Director of Investor Relations | |||||
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| (414) 765-7853 | |||||
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| James E. Sandy | |||||
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| VP / External Financial Reporting | |||||
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| (414) 765-8314 | |||||
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Marshall & Ilsley Corporation | ||||||||||||
Annual Financial Information | ||||||||||||
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| YEARS ENDED DECEMBER 31, | |||||||||
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| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
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| PER COMMON SHARE DATA |
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| Diluted: |
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| Income (Loss) from Continuing Operations |
| ($2.46) |
| ($7.92) |
| $1.87 |
| $2.54 |
| $2.49 |
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| Net Income (Loss) |
| (2.46) |
| (7.92) |
| 4.34 |
| 3.17 |
| 2.99 |
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| Basic: |
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| Income (Loss) from Continuing Operations |
| (2.46) |
| (7.92) |
| 1.91 |
| 2.60 |
| 2.54 |
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| Net Income (Loss) |
| (2.46) |
| (7.92) |
| 4.42 |
| 3.24 |
| 3.06 |
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| Dividend Declared per Common Share |
| 0.04 |
| 1.27 |
| 1.20 |
| 1.05 |
| 0.93 |
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| Book Value per Common Share |
| 10.21 |
| 17.58 |
| 26.86 |
| 24.24 |
| 20.27 |
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| Common Shares Outstanding (millions): |
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| Average - Diluted |
| 348.5 |
| 259.6 |
| 265.5 |
| 254.6 |
| 236.0 |
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| End of Period |
| 525.4 |
| 265.3 |
| 263.5 |
| 255.5 |
| 235.4 |
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| INCOME STATEMENT ($millions) |
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| Net Interest Income (FTE) |
| $1,608.0 |
| $1,808.6 |
| $1,644.4 |
| $1,537.6 |
| $1,323.7 |
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| Provision for Loan and Lease Losses |
| 2,314.6 |
| 2,037.7 |
| 319.8 |
| 50.6 |
| 44.8 |
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| Non-Interest Revenues: |
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| Wealth Management |
| 265.1 |
| 282.2 |
| 262.8 |
| 221.6 |
| 191.7 |
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| Service Charges on Deposits |
| 136.6 |
| 146.2 |
| 120.6 |
| 106.7 |
| 101.9 |
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| Mortgage Banking |
| 48.3 |
| 26.0 |
| 34.1 |
| 52.4 |
| 50.5 |
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| Net Investment Securities Gains |
| 121.8 |
| 17.2 |
| 34.8 |
| 9.7 |
| 45.5 |
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| Derivative Loss - Discontinued Hedges |
| - |
| - |
| - |
| (18.4) |
| - |
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| Bank-Owned Life Insurance Revenue |
| 39.0 |
| 35.9 |
| 37.7 |
| 29.1 |
| 27.1 |
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| Other |
| 292.2 |
| 232.9 |
| 237.6 |
| 179.0 |
| 155.1 |
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| Total Non-Interest Revenues |
| 903.0 |
| 740.4 |
| 727.6 |
| 580.1 |
| 571.8 |
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| Non-Interest Expenses: |
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| Salaries and Employee Benefits |
| 690.8 |
| 723.2 |
| 659.9 |
| 613.4 |
| 549.8 |
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| Net Occupancy and Equipment |
| 135.7 |
| 126.9 |
| 112.0 |
| 104.0 |
| 85.3 |
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| Software Expenses |
| 28.0 |
| 24.7 |
| 21.1 |
| 18.0 |
| 13.1 |
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| Processing Charges |
| 133.0 |
| 132.0 |
| 135.1 |
| 124.2 |
| 101.3 |
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| Supplies, Printing, Postage and Delivery |
| 35.2 |
| 42.1 |
| 42.5 |
| 41.4 |
| 38.0 |
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| FDIC Insurance |
| 107.9 |
| 17.3 |
| 4.0 |
| 3.7 |
| 3.3 |
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| Professional Services |
| 91.4 |
| 72.0 |
| 42.4 |
| 34.1 |
| 30.5 |
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| Intangible Amortization |
| 23.4 |
| 24.3 |
| 20.6 |
| 18.6 |
| 13.1 |
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| Goodwill Impairment |
| - |
| 1,535.1 |
| - |
| - |
| - |
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| Other |
| 321.4 |
| 288.8 |
| 275.8 |
| 124.5 |
| 118.2 |
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| Total Non-Interest Expenses |
| 1,566.8 |
| 2,986.4 |
| 1,313.4 |
| 1,081.9 |
| 952.6 |
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| Tax Equivalent Adjustment |
| 25.4 |
| 27.9 |
| 28.2 |
| 30.1 |
| 33.3 |
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| Pre-Tax Income (Loss) |
| (1,395.8) |
| (2,503.0) |
| 710.6 |
| 955.1 |
| 864.8 |
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| Provision (Benefit) for Income Taxes |
| (637.2) |
| (459.5) |
| 213.7 |
| 307.4 |
| 278.1 |
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| Income (Loss) from Continuing Operations | (758.6) |
| (2,043.5) |
| 496.9 |
| 647.7 |
| 586.7 |
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| Discontinued Operations, Net of Tax: |
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| Separation Transaction Costs |
| - |
| - |
| (25.3) |
| - |
| - |
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| Gain on Sale of Metavante |
| - |
| - |
| 525.6 |
| - |
| - |
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| Metavante Net Income |
| - |
| - |
| 153.7 |
| 160.1 |
| 119.5 |
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| Income from Discontinued Operations, Net of Tax |
| - |
| - |
| 654.0 |
| 160.1 |
| 119.5 |
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| Net Income (Loss) Attributable to M&I |
| ($758.6) |
| ($2,043.5) |
| $1,150.9 |
| $807.8 |
| $706.2 |
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| Preferred Dividends |
| (100.2) |
| (12.7) |
| - |
| - |
| - |
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| Net Income (Loss) Attributable to M&I Common Shareholders |
| ($858.8) |
| ($2,056.2) |
| $1,150.9 |
| $807.8 |
| $706.2 |
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Marshall & Ilsley Corporation | ||||||||||||
Annual Financial Information | ||||||||||||
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| DECEMBER 31, | |||||||||
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| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
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| ASSETS - END OF PERIOD ($millions) |
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| Cash and Due From Banks |
| $769 |
| $851 |
| $1,369 |
| $1,202 |
| $1,111 |
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| Trading Assets |
| 256 |
| 518 |
| 125 |
| 36 |
| 30 |
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| Short - Term Investments |
| 1,192 |
| 231 |
| 462 |
| 253 |
| 271 |
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| Investment Securities |
| 7,177 |
| 7,668 |
| 7,818 |
| 7,405 |
| 6,319 |
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| Loan to Metavante |
| - |
| - |
| - |
| 982 |
| 982 |
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| Loans and Leases: |
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| Commercial Loans and Leases: |
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| Commercial Loans |
| 12,476 |
| 14,880 |
| 13,794 |
| 12,048 |
| 9,566 |
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| Commercial Lease Financing |
| 474 |
| 562 |
| 533 |
| 539 |
| 500 |
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| Total Commercial Loans and Leases |
| 12,950 |
| 15,442 |
| 14,327 |
| 12,587 |
| 10,066 |
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| Commercial Real Estate |
| 13,646 |
| 12,542 |
| 11,096 |
| 10,236 |
| 8,406 |
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| Residential Real Estate |
| 4,969 |
| 5,734 |
| 4,592 |
| 4,000 |
| 3,298 |
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| Construction and Development: |
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| Commercial |
| 3,257 |
| 5,063 |
| 4,958 |
| 4,115 |
| 2,015 |
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| Residential |
| 2,282 |
| 3,980 |
| 5,153 |
| 5,032 |
| 3,798 |
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| Total Construction and Development |
| 5,539 |
| 9,043 |
| 10,111 |
| 9,147 |
| 5,813 |
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| Consumer Loans and Leases: |
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| Home Equity Loans and Lines |
| 4,715 |
| 5,082 |
| 4,413 |
| 4,342 |
| 4,834 |
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| Personal Loans |
| 2,258 |
| 1,929 |
| 1,560 |
| 1,458 |
| 1,622 |
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| Personal Lease Financing |
| 141 |
| 213 |
| 197 |
| 165 |
| 132 |
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| Total Consumer Loans and Leases |
| 7,114 |
| 7,224 |
| 6,170 |
| 5,965 |
| 6,588 |
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| Total Loans and Leases |
| 44,218 |
| 49,985 |
| 46,296 |
| 41,935 |
| 34,171 |
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| Reserve for Loan and Lease Losses |
| (1,481) |
| (1,202) |
| (496) |
| (421) |
| (364) |
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| Premises and Equipment, net |
| 566 |
| 565 |
| 470 |
| 436 |
| 353 |
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| Goodwill and Other Intangibles |
| 744 |
| 763 |
| 1,808 |
| 1,573 |
| 897 |
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| Other Assets |
| 3,769 |
| 2,957 |
| 1,997 |
| 1,511 |
| 1,289 |
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| Total Assets of Continuing Operations |
| 57,210 |
| 62,336 |
| 59,849 |
| 54,912 |
| 45,059 |
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| Assets of Discontinued Operations |
| - |
| - |
| - |
| 1,318 |
| 1,154 |
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| Total Assets |
| $57,210 |
| $62,336 |
| $59,849 |
| $56,230 |
| $46,213 |
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| LIABILITIES - END OF PERIOD ($millions) |
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| Deposits: |
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| Noninterest Bearing |
| $7,833 |
| $6,880 |
| $6,174 |
| $6,144 |
| $5,547 |
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| Interest Bearing: |
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| Savings and NOW |
| 6,938 |
| 3,454 |
| 3,062 |
| 3,024 |
| 2,958 |
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| Money Market |
| 11,315 |
| 10,753 |
| 10,841 |
| 9,057 |
| 7,500 |
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| Time |
| 15,306 |
| 18,072 |
| 12,507 |
| 12,822 |
| 9,383 |
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| Foreign |
| 246 |
| 1,864 |
| 2,607 |
| 3,580 |
| 2,819 |
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| Total Interest Bearing Deposits |
| 33,805 |
| 34,143 |
| 29,017 |
| 28,483 |
| 22,660 |
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| Total Deposits |
| 41,638 |
| 41,023 |
| 35,191 |
| 34,627 |
| 28,207 |
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| Short - Term Borrowings |
| 1,120 |
| 4,058 |
| 6,811 |
| 3,609 |
| 3,019 |
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| Long - Term Borrowings |
| 6,426 |
| 9,614 |
| 9,873 |
| 10,842 |
| 9,273 |
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| Other Liabilities |
| 1,040 |
| 1,370 |
| 931 |
| 889 |
| 812 |
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| Liabilities of Discontinued Operations |
| - |
| - |
| - |
| 43 |
| 99 |
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| Total Liabilities |
| 50,224 |
| 56,065 |
| 52,806 |
| 50,010 |
| 41,410 |
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| EQUITY - END OF PERIOD ($millions) |
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| Preferred Equity |
| 1,650 |
| 1,636 |
| - |
| - |
| - |
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| Common Equity |
| 5,376 |
| 4,782 |
| 7,086 |
| 6,168 |
| 4,772 |
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| Accumulated Other Comprehensive Income: |
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| Unrealized Gains (Losses) on Securities |
| (13) |
| (57) |
| (10) |
| (22) |
| (36) |
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| Unrealized Gains (Losses) on Derivatives |
| (44) |
| (103) |
| (47) |
| - |
| (1) |
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| Postretirement Benefits - Funded Status |
| 6 |
| 2 |
| 4 |
| 5 |
| - |
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| Total Accumulated Other Comprehensive Income |
| (51) |
| (158) |
| (53) |
| (17) |
| (37) |
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| Total Common Equity |
| 5,325 |
| 4,624 |
| 7,033 |
| 6,151 |
| 4,735 |
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| Marshall & Ilsley Corporation Shareholders' Equity |
| 6,975 |
| 6,260 |
| 7,033 |
| 6,151 |
| 4,735 |
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| Noncontrolling Interest in Subsidiaries |
| 11 |
| 11 |
| 10 |
| 69 |
| 68 |
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| Total Equity |
| 6,986 |
| 6,271 |
| 7,043 |
| 6,220 |
| 4,803 |
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| Total Liabilities and Equity |
| $57,210 |
| $62,336 |
| $59,849 |
| $56,230 |
| $46,213 |
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Marshall & Ilsley Corporation | ||||||||||||
Annual Financial Information | ||||||||||||
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| YEARS ENDED DECEMBER 31, | |||||||||
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| 2008 |
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| 2006 |
| 2005 |
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| AVERAGE ASSETS ($millions) |
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| Cash and Due From Banks |
| $761 |
| $898 |
| $1,005 |
| $974 |
| $923 |
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| Trading Assets |
| 418 |
| 197 |
| 57 |
| 46 |
| 27 |
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| Short - Term Investments |
| 1,330 |
| 427 |
| 352 |
| 297 |
| 229 |
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| Investment Securities |
| 6,939 |
| 7,612 |
| 7,496 |
| 6,968 |
| 6,180 |
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| Loan to Metavante |
| - |
| - |
| 818 |
| 982 |
| 994 |
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| Loans and Leases: |
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| Commercial Loans and Leases: |
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| Commercial Loans |
| 13,878 |
| 14,841 |
| 12,672 |
| 11,175 |
| 8,955 |
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| Commercial Lease Financing |
| 512 |
| 521 |
| 515 |
| 516 |
| 439 |
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| Total Commercial Loans and Leases |
| 14,390 |
| 15,362 |
| 13,187 |
| 11,691 |
| 9,394 |
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| Commercial Real Estate |
| 13,523 |
| 11,840 |
| 10,564 |
| 9,726 |
| 8,246 |
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| Residential Real Estate |
| 5,450 |
| 5,504 |
| 4,214 |
| 3,676 |
| 3,209 |
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| Construction and Development: |
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| Commercial |
| 4,075 |
| 5,442 |
| 4,558 |
| 3,413 |
| 1,743 |
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| Residential |
| 3,160 |
| 4,723 |
| 5,252 |
| 4,454 |
| 2,543 |
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| Total Construction and Development |
| 7,235 |
| 10,165 |
| 9,810 |
| 7,867 |
| 4,286 |
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| Consumer Loans and Leases: |
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| Home Equity Loans and Lines |
| 4,909 |
| 4,902 |
| 4,277 |
| 4,540 |
| 4,988 |
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| Personal Loans |
| 2,090 |
| 1,732 |
| 1,417 |
| 1,479 |
| 1,522 |
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| Personal Lease Financing |
| 179 |
| 202 |
| 181 |
| 145 |
| 128 |
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| Total Consumer Loans and Leases |
| 7,178 |
| 6,836 |
| 5,875 |
| 6,164 |
| 6,638 |
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| Total Loans and Leases |
| 47,776 |
| 49,707 |
| 43,650 |
| 39,124 |
| 31,773 |
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| Reserve for Loan and Lease Losses |
| (1,357) |
| (878) |
| (448) |
| (406) |
| (363) |
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| Premises and Equipment, net |
| 571 |
| 529 |
| 459 |
| 415 |
| 330 |
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| Goodwill and Other Intangibles |
| 755 |
| 2,240 |
| 1,739 |
| 1,410 |
| 908 |
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| Other Assets |
| 3,070 |
| 2,398 |
| 1,816 |
| 1,518 |
| 1,319 |
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| Total Assets of Continuing Operations |
| 60,263 |
| 63,130 |
| 56,944 |
| 51,328 |
| 42,320 |
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| Assets of Discontinued Operations |
| - |
| - |
| 1,266 |
| 1,323 |
| 964 |
|
| Total Assets |
| $60,263 |
| $63,130 |
| $58,210 |
| $52,651 |
| $43,284 |
|
| Memo: |
|
|
|
|
|
|
|
|
|
|
|
| Average Earning Assets |
| $56,463 |
| $57,943 |
| $52,373 |
| $47,417 |
| $39,203 |
|
| Average Earning Assets Excluding Investment Securities |
|
|
|
|
|
|
|
|
|
|
|
| Unrealized Gains / Losses |
| $56,456 |
| $57,985 |
| $52,422 |
| $47,503 |
| $39,198 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| AVERAGE LIABILITIES ($millions) |
|
|
|
|
|
|
|
|
|
|
|
| Deposits: |
|
|
|
|
|
|
|
|
|
|
|
| Noninterest Bearing |
| $7,429 |
| $5,858 |
| $5,470 |
| $5,361 |
| $4,973 |
|
| Interest Bearing: |
|
|
|
|
|
|
|
|
|
|
|
| Savings and NOW |
| 4,947 |
| 3,249 |
| 2,905 |
| 3,031 |
| 3,096 |
|
| Money Market |
| 10,463 |
| 11,016 |
| 10,473 |
| 8,297 |
| 7,053 |
|
| Time |
| 17,212 |
| 16,392 |
| 12,293 |
| 12,603 |
| 9,239 |
|
| Foreign |
| 564 |
| 2,760 |
| 2,928 |
| 2,844 |
| 2,346 |
|
| Total Interest Bearing Deposits |
| 33,186 |
| 33,417 |
| 28,599 |
| 26,775 |
| 21,734 |
|
| Total Deposits |
| 40,615 |
| 39,275 |
| 34,069 |
| 32,136 |
| 26,707 |
|
| Short - Term Borrowings |
| 3,317 |
| 6,163 |
| 4,694 |
| 3,638 |
| 2,925 |
|
| Long - Term Borrowings |
| 8,676 |
| 9,749 |
| 11,534 |
| 10,071 |
| 8,190 |
|
| Other Liabilities |
| 1,047 |
| 981 |
| 1,042 |
| 976 |
| 824 |
|
| Liabilities of Discontinued Operations |
| - |
| - |
| 149 |
| 163 |
| 225 |
|
| Total Liabilities |
| 53,655 |
| 56,168 |
| 51,488 |
| 46,984 |
| 38,871 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| AVERAGE EQUITY ($millions) |
|
|
|
|
|
|
|
|
|
|
|
| Marshall & Ilsley Corporation Shareholders' Equity |
| 6,597 |
| 6,952 |
| 6,680 |
| 5,601 |
| 4,357 |
|
| Noncontrolling Interest in Subsidiaries |
| 11 |
| 10 |
| 42 |
| 66 |
| 56 |
|
| Total Equity |
| 6,608 |
| 6,962 |
| 6,722 |
| 5,667 |
| 4,413 |
|
| Total Liabilities and Equity |
| $60,263 |
| $63,130 |
| $58,210 |
| $52,651 |
| $43,284 |
|
| Memo: |
|
|
|
|
|
|
|
|
|
|
|
| Average Interest Bearing Liabilities |
| $45,179 |
| $49,329 |
| $44,827 |
| $40,484 |
| $32,849 |
|
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|
Marshall & Ilsley Corporation | ||||||||||||
Annual Financial Information | ||||||||||||
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| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
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| KEY RATIOS |
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| Net Interest Margin (FTE) / Avg. Earning Assets |
| 2.85 | % | 3.12 | % | 3.14 | % | 3.24 | % | 3.38 | % |
| Interest Spread (FTE) |
| 2.46 |
| 2.67 |
| 2.47 |
| 2.60 |
| 2.88 |
|
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| Efficiency Ratio |
| 65.6 |
| n.m. |
| 56.2 |
| 51.3 |
| 51.5 |
|
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| Equity / Assets (End of Period) (a) |
| 12.2 |
| 10.1 |
| 11.8 |
| 11.0 |
| 10.4 |
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| MARGIN ANALYSIS (b) |
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| Loans and Leases: |
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|
|
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| Commercial Loans and Leases |
| 4.12 | % | 5.56 | % | 7.52 | % | 7.38 | % | 6.06 | % |
| Commercial Real Estate |
| 5.11 |
| 6.34 |
| 7.31 |
| 7.15 |
| 6.17 |
|
| Residential Real Estate |
| 5.30 |
| 6.00 |
| 6.30 |
| 5.99 |
| 5.48 |
|
| Construction and Development |
| 3.65 |
| 5.54 |
| 7.87 |
| 8.02 |
| 6.86 |
|
| Home Equity Loans and Lines |
| 5.06 |
| 6.28 |
| 7.48 |
| 7.28 |
| 6.28 |
|
| Personal Loans and Leases |
| 5.50 |
| 6.38 |
| 7.72 |
| 7.24 |
| 6.06 |
|
| Total Loans and Leases |
| 4.63 |
| 5.89 |
| 7.43 |
| 7.30 |
| 6.17 |
|
| Loan to Metavante |
| - |
| - |
| 4.40 |
| 4.40 |
| 4.39 |
|
| Investment Securities |
| 3.95 |
| 4.77 |
| 5.27 |
| 5.21 |
| 5.01 |
|
| Short - Term Investments |
| 0.49 |
| 1.92 |
| 4.67 |
| 4.47 |
| 3.00 |
|
| Interest Income (FTE) / Avg. Interest Earning Assets |
| 4.42 | % | 5.70 | % | 7.05 | % | 6.91 | % | 5.92 | % |
| Interest Bearing Deposits: |
|
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| Savings and NOW |
| 0.40 | % | 0.57 | % | 1.28 | % | 1.24 | % | 0.79 | % |
| Money Market |
| 0.75 |
| 1.92 |
| 4.23 |
| 4.04 |
| 2.48 |
|
| Time |
| 2.53 |
| 3.80 |
| 4.94 |
| 4.54 |
| 3.15 |
|
| Foreign |
| 0.36 |
| 1.81 |
| 4.92 |
| 4.88 |
| 3.09 |
|
| Total Interest Bearing Deposits |
| 1.61 |
| 2.70 |
| 4.31 |
| 4.05 |
| 2.59 |
|
| Short - Term Borrowings |
| 0.29 |
| 2.27 |
| 5.04 |
| 5.13 |
| 3.63 |
|
| Long - Term Borrowings |
| 3.92 |
| 4.66 |
| 5.07 |
| 4.73 |
| 4.03 |
|
| Interest Expense / Avg. Interest Bearing Liabilities |
| 1.96 | % | 3.03 | % | 4.58 | % | 4.31 | % | 3.04 | % |
| Net Interest Margin (FTE) / Avg. Earning Assets |
| 2.85 | % | 3.12 | % | 3.14 | % | 3.24 | % | 3.38 | % |
| Interest Spread (FTE) |
| 2.46 | % | 2.67 | % | 2.47 | % | 2.60 | % | 2.88 | % |
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| Notes: |
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| (a) Includes preferred equity and noncontrolling interest in subsidiaries. |
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| (b) Based on average balances excluding fair value adjustments for available for sale securities. |
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Marshall & Ilsley Corporation | ||||||||||||
Annual Financial Information | ||||||||||||
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| DECEMBER 31, | |||||||||
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| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
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| CREDIT QUALITY ($millions) |
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| Nonperforming Assets: |
|
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| Nonaccrual Loans and Leases |
| $1,987.1 |
| $1,457.8 |
| $686.9 |
| $264.9 |
| $134.7 |
|
| Nonaccrual Loans Held for Sale |
| 57.7 |
| 69.2 |
| - |
| - |
| - |
|
| Total Nonperforming Loans and Leases |
| $2,044.8 |
| $1,527.0 |
| $686.9 |
| $264.9 |
| $134.7 |
|
| Other Real Estate Owned (OREO) |
| 430.8 |
| 320.9 |
| 115.1 |
| 25.5 |
| 8.9 |
|
| Total Nonperforming Assets |
| $2,475.6 |
| $1,847.9 |
| $802.0 |
| $290.4 |
| $143.6 |
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| Accruing Renegotiated Loans |
| $793.5 |
| $270.3 |
| $224.4 |
| $0.1 |
| $0.2 |
|
| Loans Past Due 90 Days or More |
| $8.8 |
| $14.5 |
| $13.9 |
| $3.0 |
| $5.7 |
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| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
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| CREDIT QUALITY RATIOS |
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| Net Charge-Offs / Average Loans and Leases |
| 4.26 | % | 2.74 | % | 0.59 | % | 0.10 | % | 0.12 | % |
| Loan and Lease Loss Reserve / Period-End Loans and Leases |
| 3.35 |
| 2.41 |
| 1.07 |
| 1.00 |
| 1.06 |
|
| Nonperforming Assets / Period-End Loans and Leases and OREO |
| 5.54 |
| 3.67 |
| 1.73 |
| 0.69 |
| 0.42 |
|
| Nonperforming Loans and Leases / Period-End Loans and Leases |
| 4.62 |
| 3.05 |
| 1.48 |
| 0.63 |
| 0.39 |
|
| Loan and Lease Loss Reserve / Nonperforming Loans and Leases (a) |
| 75 |
| 82 |
| 72 |
| 159 |
| 270 |
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| RECONCILIATION OF RESERVE FOR LOAN AND LEASE LOSSES (b) |
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| |
| ($ millions) |
|
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| Beginning Balance |
| $1,202.2 |
| $496.2 |
| $420.6 |
| $363.8 |
| $358.1 |
|
| Provision for Loan and Lease Losses |
| 2,314.6 |
| 2,037.7 |
| 319.8 |
| 50.6 |
| 44.8 |
|
| Allowance of Banks and Loans Acquired |
| - |
| 32.1 |
| 11.7 |
| 45.2 |
| - |
|
| Loans and Leases Charged Off: |
|
|
|
|
|
|
|
|
|
|
|
| Commercial |
| 436.6 |
| 169.6 |
| 83.2 |
| 16.3 |
| 21.5 |
|
| Real Estate |
| 1,590.8 |
| 1,186.4 |
| 163.9 |
| 22.7 |
| 21.2 |
|
| Personal |
| 60.0 |
| 36.2 |
| 22.3 |
| 14.5 |
| 15.6 |
|
| Leases |
| 5.7 |
| 2.2 |
| 1.9 |
| 1.9 |
| 1.2 |
|
| Total Charge-Offs |
| 2,093.1 |
| 1,394.4 |
| 271.3 |
| 55.4 |
| 59.5 |
|
| Recoveries on Loans and Leases: |
|
|
|
|
|
|
|
|
|
|
|
| Commercial |
| 19.8 |
| 7.1 |
| 6.4 |
| 6.9 |
| 11.8 |
|
| Real Estate |
| 28.7 |
| 16.5 |
| 2.9 |
| 2.7 |
| 2.7 |
|
| Personal |
| 5.8 |
| 5.2 |
| 4.2 |
| 4.2 |
| 3.1 |
|
| Leases |
| 2.5 |
| 1.8 |
| 1.9 |
| 2.6 |
| 2.8 |
|
| Total Recoveries |
| 56.8 |
| 30.6 |
| 15.4 |
| 16.4 |
| 20.4 |
|
| Net Loan and Lease Charge-offs |
| 2,036.3 |
| 1,363.8 |
| 255.9 |
| 39.0 |
| 39.1 |
|
| Ending Balance |
| $1,480.5 |
| $1,202.2 |
| $496.2 |
| $420.6 |
| $363.8 |
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| Notes: |
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| (a) Excludes nonaccrual loans held for sale. |
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| (b) May not add due to rounding. |
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