Net interest income was $444 million compared to $405 million in Q4-10 while the provision for loan losses was $19 million compared to $57 million in Q4-10. NII after provision was $425 million compared to $348 million in Q4-10. [The provision to NII ratio was 4.28% compared with 8.98% in Q3-11.] The Net interest margin was 3.01% compared with 3.10% in Q4-10. Total earning assets of $55.676 billion earned $482 million at an average yield of 3.45%. The CMA loan portfolio had an average yield of only 3.98% while securities had an average yield of 2.64%. Loans were 74.4% of earning assets while securities were 17.5%. Total interest bearing liabilites of $33.721 billion cost $37 million at an avereage yield of 0.44%. CMA had $19.176 billion in noninterest bearing deposits. Noninterest income was $182 million compared to $215 million in Q4-10. Q4-11 contained net securities losses of $4 million compared with $0 million in Q4-10. Other income fell to $21 million from $31 million. Life incsurance income fell to $10 million from $14 million. Noninterest expense was $478 million compared to $437 million in Q4-10. Merger and restructuring charges in Q4-11 were $37 million compared with zero in Q4-10. Saleries and benefits increased from $248 million to $257 million. Net occupancy expense rose from $42 million to $47 million.

 

    Net credit-related charge-offs were $60 million [0.57% of average loans] compared to $113 million [1.13%] in Q4-10. Nonperforming loans [which includes TDRs of $27 million] of $887 million [$958 million in Q3-11] plus OREO of $94 million [$87 million in Q3-11] resulted in Total Nonperforming assets of $0.981 billion compared to $1.045 billion in Q3-10. CMA had $58 million of loans past due 90 days and still accruing [compared to $81 million last quarter]. With total assets of $61.008 billion [compared with $53.667 billion last year - the Sterling Bank assets having been added], NPAs were 1.61% of assets - and including the 90 days late accruing loans to that, the NPA ratio was 1.70%.

 

    CMA provided NII, provision, and NIM stats by geographic region - and that info is: for the Midwest with NII of $201 million and provision of $20 million, the NII/provision ratio was 9.95% and the NIM was 4.18%; for the Western region with NII of $170 million and provision of - $12 million, the NII/provision ratio was n/a and the NIM was 4.92%; for Texas with NII of $158 million and provision of $8 million, the NII/provision ratio was 5.06% and the NIM was 6.07%; for Florida with NII of $11 million and provision of $4 million, the NII/provision ratio was 36.4% and the NIM was 2.89%.