Bank of the West 2013 Annual Report Download - page 4

On behalf of each of my nearly 10,000 fellow employees,
I am proud to share with you Bank of the West’s 2013
Annual Report. We are honored by your trust as we provide
the guidance and financial services to help individuals,
families and businesses achieve their financial goals. We
are committed to prospering together over the long term.
Our strong capital position and financial performance
provide the foundation for reliable partnership. Bank
of the West earned net income of $561 million in 2013,
the second strongest results in our 140-year history.
These earnings, combined with those of our sister
institution First Hawaiian Bank, produced good results
for our holding company BancWest Corporation. For the
full-year, BancWest earned $647 million, and our parent
company BNP Paribas achieved a profit of €4.8 billion
($6.5 billion).
Our bank relies on many people for our success, and
I would like to thank our employees, our board of directors,
the communities in which we live and work, and, most
importantly, our extraordinary customers for the trust they
place in our organization.
Our commitment is inspired by the more than 1.6 million
individuals, families and businesses who look to our
bank to keep their deposits safe, to lend responsibly and
consistently to help businesses and communities grow,
and to provide advice to their families and companies.
Our customers continue to show their appreciation for our
unique blend of local knowledge and attention, combined
with global capabilities. In 2013, Bank of the West was
named a Best Bank by MONEY magazine; we received the
top honor for Private Banking in North America from Private
Asset Management magazine; and our Commercial Banking
and Small and Medium Enterprise Banking teams received
an impressive 11 Greenwich Excellence Awards.
These awards reflect our firm commitment to our customers
and to lasting relationships. In 2013, our bank rolled out
innovative mobile and online services, and introduced
compelling new products to help clients build and manage
wealth. We continued to invest in cyber-security and fraud
prevention, and we delivered new business banking products
that help companies improve efficiency and expand their
businesses locally, nationally and internationally.
We feel confident about the future and look forward
to growing together this year and in the years to come.
Michael Shepherd, Chairman and CEO
April 23, 2014
TO OUR CUSTOMERS AND COMMUNITIES
Total Deposits
Net Income
$442
$555 $561
2011 2012 2013
$ Millions
Total Assets
$62.4
$44.0
$63.3
$47.1
$66.5
$48.4
2011
2011
2012
2012
2013
2013
$ Billions
$ Billions