Record Earnings and EPS
Reported earnings of $136.2 million, or EPS of $2.12 per diluted share, for Q4, resulting in full-year earnings of $523.6 million or EPS of $8.14, the second highest in history.
Strong Loan Growth
Core C&I portfolio increased by 8.1% year-over-year, with C&I loan growth in Texas reaching 9.8%.
Exceptional Credit Performance
Annualized net charge-off rate of just 5 basis points, with nonperforming assets at their lowest levels in 20 years.
Impressive Total Shareholder Return
Total shareholder return of 27%, significantly outpacing the KRX index return of 13%.
Increase in Fee Income
Total fee income grew to $206.9 million, accounting for 40% of total revenue, with trading fees increasing by 39.8%.
Stable Capital Ratios
TCE ratio at quarter-end was 9.2%, placing the company in the top third of the KRX Index.