Bank of the West 2015 Annual Report Download - page 14

Download and view the complete annual report

Please find page 14 of the 2015 Bank of the West annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 15

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15

FINANCIAL HIGHLIGHTS
Audited Financial Statements
The financial highlights immediately below are extracted from the Bank’s audited financial
statements for 2015. These detailed financial statements are available online to print at:
https://www.bankofthewest.com/about-us/our-company/annual-reports.html
Strong Credit Ratings
Credit ratings* are a key measure
of capital strength and financial stability.
They are also recognition from rating
agencies of a strong balance sheet and
consistent financial performance.
Strong Capital Position
Bank of the West is one of the largest commercial banks
in the United States. Our capital ratios exceed regulatory
requirements by a wide margin as shown below.
Agency Rating
Moody’s Aa3
Standard & Poor’s A
Fitch A+
Bank of the West Well-Capitalized
Q4 Requirement
Tier 1 Leverage Ratio 11.42% 5.00%
Tier 1 Risk-Based Capital Ratio 14.25% 6.00%
Total Risk-based Capital Ratio 13.21% 10.00%
*Long-term deposit ratings As of December 31, 2015
(dollar amounts in thousands) 2015 2014 2013
Net interest income $2,060,874 $1,946,512 $1,870,301
Total noninterest income 578,029 502,505 552,513
Total noninterest expense 1,593,246 1,542,727 1,475,372
Net income 627,750 544,222 560,605
Return on average assets 0.83% 0.80% 0.88%
Total assets 75,684,866 71,682,343 66,467,781
Total loans and leases 54,524,585 50,884,243 47,343,690
Total deposits 54,153,115 52,113,197 48,372,468
Total risk-based capital ratio 14.25% 14.61% 15.67%