MB Financial Bank (merged into Fifth Third Bank)
MB Financial Bank reported total assets of $19.6 bn at Q1 2019, its last Call Report before it merged into Fifth Third Bank. The CET1 capital ratio at MB Financial Bank was 8.73%, and the uninsured share of MB Financial Bank was 61.09%. Source: FDIC Call Reports.
Key takeaways
- Since , MB Financial Bank has taken over one institution; the latest was American Chartered Bank on (FDIC Call Reports).
What sets MB Financial Bank apart
How large is MB Financial Bank?
The balance sheet of MB Financial Bank at : assets $19.6 bn, deposits $14.8 bn, net loans $13.7 bn (loans equal to 92.36% of deposits). Securities make up 3.8% of total assets at MB Financial Bank. Since , when MB Financial Bank held $15.5 bn, its assets grew 26.3%. In the year to , deposits at MB Financial Bank fell 2.0% while its total assets fell 2.5%. At , MB Financial Bank employed 2,586 full-time equivalent staff across 92 offices, about $7.6 mn of assets per employee and $161.0 mn of deposits per office.
How much funding at MB Financial Bank is uninsured?
At MB Financial Bank, uninsured deposits (above the FDIC limit) made up 61.09% of domestic deposits at (+9.00 pp on a year earlier). In dollars, MB Financial Bank estimated $9.0 bn of uninsured deposits.
Key facts, Q1 2019
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $14.8 bn | $15.1 bn (Q1 2018) | |
| Net loans and leases | $13.7 bn | $14.3 bn (Q1 2018) | |
| Loan-to-deposit ratio | 92.36% | 94.84% (Q1 2018) | |
| Tier 1 leverage ratio | 8.04% | 9.87% (Q1 2018) | |
| Total risk-based capital ratio | 9.81% | 12.76% (Q1 2018) | |
| Net interest margin | 0.42% | 3.67% (Q1 2018) | |
| Return on assets (ROA) | -0.53% | 1.23% (Q1 2018) | |
| Efficiency ratio | 247.95% | 67.51% (Q1 2018) | |
| Unrealized gain/loss on available-for-sale securities | Gain of $605,000 | Turned from a loss into a gain | |
| Noncurrent loans to total loans | 1.03% | 1.25% (Q1 2018) | |
| Net charge-offs to average loans | 0.00% | 0.10% (Q1 2018) |
US rank of MB Financial Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
MB Financial Bank: assets, deposits and loans
- Total assets $19.6bn
- Deposits $14.8bn
- Net loans $13.7bn
Capital and securities
The CET1 ratio of MB Financial Bank stood at 8.73% in , -2.05 pp year on year. Low and high at MB Financial Bank since : 8.73% () to 11.09% (). Equity capital of MB Financial Bank at : $3.5 bn, or 17.7% of total assets. MB Financial Bank also reported a total capital ratio of 9.81% for , and a tier 1 leverage ratio of 8.04%.
The available-for-sale portfolio of MB Financial Bank showed an unrealized gain of $605,000 at ; the gain turned from a loss into a gain over the year.
MB Financial Bank: capital ratios
- Total capital 9.8%
- CET1 8.7%
- Tier 1 leverage 8.0%
MB Financial Bank: unrealized securities gains and losses
- Available for sale $605,000
- Held to maturity $0
Profitability and loan quality
For the year to , MB Financial Bank earned a return on equity of -3.28%; return on assets: -0.53%. Net interest margin at MB Financial Bank: 0.42%, -3.24 pp in a year. MB Financial Bank net income: -$26.5 mn, down 142.8% year on year. The efficiency ratio of MB Financial Bank was 247.95%: about 248 cents cost per revenue dollar, against 58 cents at the median peer.
At , noncurrent loans were 1.03% of total loans at MB Financial Bank; net charge-offs: 0.00% of average loans. Gross loans and leases at MB Financial Bank: $13.7 bn at , against $14.5 bn at .
MB Financial Bank: profitability
- Return on equity -3.3%
- Net interest margin 0.4%
- Return on assets -0.5%
Peer group of MB Financial Bank
The peer group of MB Financial Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of MB Financial Bank (national bank) and 0 have head offices in Illinois. Against them, MB Financial Bank shows CET1 ratio 8.73% against a peer median of 12.46%, return on equity -3.28% against a peer median of 8.95% and uninsured deposit share 61.09% against a peer median of 28.88%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| First Hawaiian Bank | State nonmember bank | HI | $20.4 bn | 12.05% | 11.25% | 54.04% | |
| Old National Bank | National bank | IN | $20.0 bn | 12.48% | 8.29% | 32.61% | |
| United Bank | State member bank | VA | $19.6 bn | 13.34% | 7.56% | 42.08% | |
| MB Financial Bank | National bank | IL | $19.6 bn | 8.73% | -3.28% | 61.09% | |
| Flagstar Bank | National bank | NY | $19.4 bn | 12.44% | 9.13% | 22.91% | |
| MidFirst Bank | Federal savings bank | OK | $19.3 bn | 13.43% | 18.88% | 25.15% | |
| Arvest Bank | State member bank | AR | $19.1 bn | 10.95% | 8.76% | 22.36% | |
. FDIC Call Reports.
Last eight quarters
Two years at MB Financial Bank, to : assets $19.9 bn to $19.6 bn, deposits $14.3 bn to $14.8 bn, equity $2.8 bn to $3.5 bn. Staff 3,478 to 2,586; offices 96 to 92.
| Metric | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $19.9 bn | $20.0 bn | $20.0 bn | $20.1 bn | $19.9 bn | $19.7 bn | $20.1 bn | $19.6 bn |
| Total deposits | $14.3 bn | $14.4 bn | $15.2 bn | $15.1 bn | $15.1 bn | $14.8 bn | $14.8 bn | $14.8 bn |
| Bank equity capital | $2.8 bn | $2.8 bn | $3.0 bn | $2.9 bn | $2.9 bn | $2.9 bn | $3.0 bn | $3.5 bn |
| CET1 ratio | 10.29% | 10.34% | 11.06% | 10.78% | 10.79% | 10.88% | 11.09% | 8.73% |
| Return on equity (ROE) | 7.47% | 7.93% | 11.07% | 8.39% | 7.18% | 7.08% | 8.00% | -3.28% |
| Uninsured share of domestic deposits | 51.04% | 50.90% | 52.82% | 52.09% | 52.30% | 53.03% | 53.45% | 61.09% |
| Full-time equivalent employees | 3,478 | 3,453 | 3,574 | 3,567 | 3,383 | 2,786 | 2,661 | 2,586 |
| Number of offices | 96 | 93 | 92 | 92 | 92 | 92 | 92 | 92 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of MB Financial Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed American Chartered Bank (FDIC certificate 27006).
- . Merged into Fifth Third Bank (FDIC certificate 6672).
Questions and identifiers
What were the total assets of MB Financial Bank?
MB Financial Bank reported $19.6 bn at in its Call Report.
Is MB Financial Bank the same as its holding company?
No. This page covers MB Financial Bank, FDIC certificate 3628; FIFTH THIRD BCORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is MB Financial Bank profitable?
MB Financial Bank reported net income of -$26.5 mn for the year to ; annualized return on equity: -3.28%. So no: MB Financial Bank made a loss over these months.
When is data for MB Financial Bank next updated?
MB Financial Bank no longer files Call Reports; its data ends at .
Where can I check the figures for MB Financial Bank?
In the FDIC BankFind Suite record for certificate 3628, and in the Call Reports of MB Financial Bank (RSSD ID 656733) at the FFIEC Central Data Repository.