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MB Financial 8-K 2005

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 8, 2005

 

MB FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

 

Maryland

 

0-24566-01

 

36-4460265

(State or other jurisdiction
of incorporation)

 

(Commission File No.)

 

(IRS Employer
Identification No.)

 

801 West Madison Street, Chicago, Illinois 60607

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code:  (312) 633-0333

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c))

 

 



 

Item 7.01. Regulation FD Disclosure

 

Forward-Looking Statements

 

When used in this presentation and in filings with the Securities and Exchange Commission, in other press releases or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases “believe,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “plans,” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. These statements may relate to future financial performance, strategic plans or objectives, revenues or earnings projections, or other financial items. By their nature, these statements are subject to numerous uncertainties that could cause actual results to differ materially from those anticipated in the statements.

 

Important factors that could cause actual results to differ materially from the results anticipated or projected include, but are not limited to, the following: (1) expected cost savings and synergies from our merger and acquisition activities might not be realized within the expected time frames, and costs or difficulties relating to integration matters might be greater than expected; (2) expenses associated with the planned expansion of our retail branch services and business hours during the second half of 2005 might be greater than expected, whether due to a possible need to hire more employees than currently anticipated or other costs incurred in excess of estimated amounts; (3) the credit risks of lending activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; (4) competitive pressures among depository institutions; (5) interest rate movements and their impact on customer behavior and net interest margin; (6) the impact of repricing and competitors’ pricing initiatives on loan and deposit products; (7) the ability to adapt successfully to technological changes to meet customers’ needs and developments in the market place; (8) MB Financial’s ability to realize the residual values of its direct finance, leveraged, and operating leases; (9) the ability to access cost-effective funding; (10) changes in financial markets; (11) changes in economic conditions in general and in the Chicago metropolitan area in particular; (12) the costs, effects and outcomes of litigation; (13) new legislation or regulatory changes, including but not limited to changes in federal and/or state tax laws or interpretations thereof by taxing authorities; (14) changes in accounting principles, policies or guidelines; and (15) future acquisitions by MB Financial of other depository institutions or lines of business.

 

MB Financial does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date on which the forward-looking statement is made.

 

Set forth below are investor presentation materials.

 

2



































 

[LOGO]

 

West Coast

Super-Community Bank Conference

 

Mitchell Feiger, President and Chief Executive Officer

Jill E. York, Vice President and Chief Financial Officer

 

September 9, 2005

 

NASDAQ:  MBFI

 



 

Forward Looking Statements

 

When used in this presentation and in filings with the Securities and Exchange Commission, in other press releases or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases “believe,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “plans,” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. These statements may relate to future financial performance, strategic plans or objectives, revenues or earnings projections, or other financial items. By their nature, these statements are subject to numerous uncertainties that could cause actual results to differ materially from those anticipated in the statements.

 

Important factors that could cause actual results to differ materially from the results anticipated or projected include, but are not limited to, the following: (1) expected cost savings and synergies from our merger and acquisition activities might not be realized within the expected time frames, and costs or difficulties relating to integration matters might be greater than expected; (2) the credit risks of lending activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; (3) competitive pressures among depository institutions; (4) interest rate movements and their impact on customer behavior and net interest margin; (5) the impact of repricing and competitors’ pricing initiatives on loan and deposit products; (6) the ability to adapt successfully to technological changes to meet customers’ needs and developments in the market place; (7) MB Financial’s ability to realize the residual values of its direct finance, leveraged, and operating leases; (8) the ability to access cost-effective funding; (9) changes in financial markets; (10) changes in economic conditions in general and in the Chicago metropolitan area in particular; (11) the costs, effects and outcomes of litigation; (12) new legislation or regulatory changes, including but not limited to changes in federal and/or state tax laws or interpretations thereof by taxing authorities; (13) changes in accounting principles, policies or guidelines; and (14) future acquisitions by MB Financial of other depository institutions or lines of business.

 

MB Financial does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date on which the forward-looking statement is made.

 

[LOGO]

 

2



 

MB Financial Snapshot

 

(Dollars amounts in millions, except per share data)

 

 

 

2nd Qtr

 

2nd Qtr

 

 

 

 

 

2004

 

2005

 

Change

 

Assets

 

$

4,996

 

$

5,589

 

+11.9

%

Loans

 

$

3,193

 

$

3,647

 

+14.2

%

Deposits

 

$

3,759

 

$

4,171

 

+11.0

%

Net income

 

$

15.5

 

$

18.0

 

+16.3

%

Fully diluted EPS

 

$

0.55

 

$

0.62

 

+12.7

%

Return on equity - annualized

 

15.33

%

14.96

%

-0.37

%

Cash return on tangible equity - annualized*

 

20.17

%

20.80

%

+0.63

%

Net interest margin - FTE - annualized*

 

3.72

%

3.78

%

+0.06

%

Efficiency ratio

 

54.60

%

54.29

%

-0.31

%

Non-performing loan ratio

 

0.90

%

0.66

%

-0.24

%

 


* See “Non-GAAP Disclosure Reconciliations” on page 30.

 

3



 

(Dollars amounts in millions, except per share data)

 

 

 

2000

 

2004

 

Change

 

Assets

 

$

3,287

 

$

5,254

 

+59.8

%

Loans

 

$

2,019

 

$

3,346

 

+65.7

%

Deposits

 

$

2,639

 

$

3,962

 

+50.1

%

Net income

 

$

27.0

 

$

64.4

 

+138.6

%

Fully diluted EPS

 

$

1.02

 

$

2.25

 

+120.6

%

Return on equity

 

10.24

%

14.88

%

+4.64

%

Cash return on tangible equity*

 

13.00

%

20.69

%

+7.69

%

Net interest margin - FTE*

 

3.75

%

3.79

%

+0.04

%

Efficiency ratio

 

64.80

%

53.68

%

-11.12

%

Non-performing loan ratio

 

0.81

%

0.71

%

-0.10

%

 


* See “Non-GAAP Disclosure Reconciliations” on page 30.

 

4



 

Marketplace Dynamics

 

                  Fragmented banking market

                  Slowly consolidating

                  Target market includes 8,000+ middle market companies

 

[GRAPHIC]

 

5



 

Bank Holding Companies

Cook County Deposit Market Share

 

As of June 30, 2004

Pending Ownership as of September 2, 2005

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

Deposits in

 

 

 

 

 

 

 

Branch

 

Market

 

Market

 

Rank

 

Institution

 

Count

 

($000s)

 

Share

 

1

 

JPMorgan Chase & Co. (NY) (Bank One)

 

183

 

28,240,123

 

18.9

%

2

 

LaSalle Bank Corporation (IL)

 

91

 

26,063,977

 

17.4

%

3

 

BMO Financial Group (Harris)

 

76

 

14,937,173

 

10.0

%

4

 

Northern Trust Corp. (IL)

 

9

 

6,369,328

 

4.3

%

5

 

Royal Bank of Scotland Group (Charter One)

 

82

 

4,805,561

 

3.2

%

6

 

Citigroup Inc. (NY)

 

39

 

4,421,363

 

3.0

%

7

 

Fifth Third Bancorp (OH)

 

40

 

3,527,520

 

2.4

%

8

 

MAF Bancorp Inc. (IL)

 

34

 

3,430,691

 

2.3

%

9

 

MB Financial Inc. (IL)

 

36

 

3,242,330

 

2.2

%

10

 

Bank of America Corp. (NC)

 

14

 

3,087,480

 

2.1

%

11

 

Corus Bankshares Inc. (IL)

 

14

 

2,993,795

 

2.0

%

12

 

Wintrust Financial Corp. (IL)

 

23

 

2,392,615

 

1.6

%

13

 

FBOP Corp. (IL)

 

21

 

2,118,074

 

1.4

%

14

 

Taylor Capital Group Inc. (IL)

 

12

 

2,109,047

 

1.4

%

15

 

Metropolitan Bank Group Inc. (IL)

 

65

 

1,905,509

 

1.3

%

16

 

TCF Financial Corp. (MN)

 

117

 

1,896,575

 

1.3

%

17

 

First Midwest Bancorp Inc. (IL)

 

17

 

1,696,963

 

1.1

%

18

 

Parkway Bancorp Inc. (IL)

 

14

 

1,331,845

 

0.9

%

19

 

Popular Inc. (PR)

 

17

 

1,255,821

 

0.8

%

20

 

U.S. Bancorp (MN)

 

24

 

1,205,083

 

0.8

%

 

Source - SNL Datasource

 

6



 

Key Strategies

 

Our EPS growth has been fueled by dual growth sources

                  Core business lines are growing

                  Commercial Banking

                  Wealth Management

                  Retail Banking

                  Mergers and acquisitions supplement core business growth

 

[CHART]

 


* Includes $19.2 million after tax merger charge.

 

7



 

Commercial Banking

 

                  Well developed business line

                  Target market is companies with revenues ranging from $5 to 100 million

                  Heavy investment in personnel over past 10 years

                  Robust training program for recent graduates

                  Focused on:

                  Middle-market business financing

                  Treasury management

                  Real estate investor, construction, developer financing

                  Lease banking

 

[CHART]

 

8



 

Market Feedback

 

Based upon third party research, commercial client satisfaction leads the market.

 

9 out of 10 customers with sales over $10 million in 2004 said MB Financial Bank was:

 

                  “Excellent or Above Average” in overall satisfaction.

 

                  “Above market standard” for prompt follow-up and closure on requests.

 

                  “Excellent or Above Average” on top management support.

 

9



 

Commercial Banking - Diversified Loan Portfolio

 

As of June 30, 2005

 

Loan Portfolio Composition
($3.6 billion)

 

Commercial Loans by Industry Type
($3.0 billion)

 

 

 

[CHART]

 

[CHART]

 


* Includes Lease Loans.

 

10



 

Credit Quality

 

                  Excellent, stable, predictable

 

                  Improving non-performing loan ratios

 

                  Loans are granular – typical size is $3 to $6 million; 88% of credits are under $15 million.

 

                  Extensive due diligence prior to acquisitions

 

Net Charge-offs to Average Loans

 

Allowance vs. NPL to Total Loans

 

 

 

[CHART]

 

[CHART]

 

11



 

Granularity of Non-Performing Loans

 

As of June 30, 2005

 

 

 

Number of

 

Outstanding

 

Percent of

 

Non-performing Loan Size

 

Credits

 

Balance

 

Total

 

 

 

 

 

 

 

 

 

Over $3.0 million

 

1

 

$

4,181

 

17.5

%

$2.0 to $3.0 million

 

2

 

5,208

 

21.7

%

$1.0 to $2.0 million

 

2

 

2,368

 

9.9

%

Less $1.0 million

 

151

 

12,193

 

50.9

%

Total

 

156

 

$

23,950

 

100.0

%

 

12



 

Retail Banking

 

                  Consumer and small business

 

                  Deposit and credit services

 

                  11% annual deposit growth over past five years

                  Growing transaction accounts

                  Sales/service culture

                  Cost efficient lending platform

 

                  Upgrading branches and branch locations to maximize growth and profitability

 

13



 

Betsimpsier” Deposit Strategy
Better. Simpler. Easier.

 

                  Goals

                  Improve deposit growth

                  Improve deposit mix

                  Reduce funding costs

 

                  Implementation activities

                  Extended hours

                  Simplified transaction processes

                  Consistent customer experience

                  More ATMs

                  Increased marketing and advertising

 

Better. Simpler. Easier. Betsimpsier!

 

7 days a week. Open early. Open late.

 

[LOGO]

 

14



 

Better. Simpler. Easier. Betsimpsier!

 

[LOGO]

 

7 Days A Week. Open Early. Open Late.

 

Additional expenses to support strategy

                  Personnel

                  50 FTEs added

                  $750 thousand increase in salary and benefits expense in second half of 2005

                  Marketing

                  In July media rollout supporting strategy began

                  Majority of our second half 2005 marketing dollars are reserved for Betsimpsier

                  Total marketing for second half 2005 including Betsimpsier and other various marketing initiatives will total $4.0 million

 

15



 

Wealth Management

 

Expanding business and capabilities

 

                  Private Banking

 

                  Staff are deep generalists (loans, deposits, asset management and trust services, estate and financial planning)

 

                  Asset Management and Trust

 

                  Open architecture asset management format

                  Objective advice

                  Superior returns

 

                  Vision Investment Services

 

                  Provides brokerage services through MB and other banks

                  Works closely with MB Retail Banking

 

16



 

                  Significant opportunity for growth within MB Financial customer base

 

                  Adding revenue producing people and capabilities

 

                  Adding investment management depth

 

                  Continuing to upgrade relationships from custodied to managed

 

[CHART]

 

17



 

M & A Highlights

2001 to 2004

 

 

 

Assets

 

1990 to 2000 (10 mergers and acquisitions)

 

$

1.9 billion

 

 

 

 

 

Acquired FSL Holdings, Inc.

 

$

222 million

 

April 2001

 

 

 

 

 

 

 

MidCity Financial and MB Financial merge

 

MOE

 

November 2001

 

 

 

 

 

 

 

Acquired Lincolnwood Financial Corp.

 

$

228 million

 

April 2002

 

 

 

 

 

 

 

Acquired LaSalle Systems Leasing

 

$

92 million

 

August 2002

 

 

 

 

 

 

 

Acquired South Holland Bancorp

 

$

560 million

 

February 2003

 

 

 

 

 

 

 

Divested Abrams Centre Bancshares

 

$

98 million

 

May 2003

 

 

 

 

 

 

 

Acquired First SecurityFed Financial

 

$

567 million

 

May 2004

 

 

 

 

18



 

Recent Acquisition Pricing

 

 

 

 

 

P/E

 

 

 

Prem/

 

Transaction

 

P/E

 

Adj*

 

P/B

 

Dep

 

FSL

 

21.7

 

9.7

 

1.2

 

4.3

%

Lincolnwood

 

14.4

 

9.7

 

1.6

 

6.9

%

LaSalle Leasing

 

10.0

 

6.3

 

1.3

 

N/A

 

South Holland

 

18.1

 

10.3

 

1.2

 

4.4

%

First SecurityFed

 

16.8

 

9.8

 

1.7

 

18.8

%

 


*                 P/E Adj is computed as (price – excess equity) / (pre-acquisition core earnings + after-tax cost savings in year one – after tax earnings on excess equity).

 

19



 

 

 

 

 

1st Yr

 

1st Yr
Cost

 

Transaction

 

IRR

 

EPS

 

Saves

 

FSL

 

27

%

+3.5

%

42

%

Lincolnwood

 

27

%

+4.5

%

50

%

LaSalle Leasing

 

22

%

+3.4

%

0

%

South Holland

 

22

%

+3.5

%

21

%

First SecurityFed*

 

21

%

+3.5

%

15

%

 


*                 For First SecurityFed, second year EPS accretion is projected to be 3.8% and second year cost saves are estimated to be 32%.

 

20



 

MB Financial Performance

 

                  Five years of strong results

 

                  Robust core business growth

 

                  Capitalized on M&A opportunities

 

 

 

Dollars in millions, except per share amounts.

 

 

 

 

 

 

 

 

 

 

 

 

 

2000 to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Growth

 

1st Half

 

1st Half

 

%

 

 

 

2000

 

2001*

 

2002

 

2003

 

2004

 

Rate

 

2004

 

2005

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

$

3,287

 

$

3,466

 

$

3,760

 

$

4,355

 

$

5,254

 

12

%

$

4,996

 

$

5,589

 

11.9

%

Loans

 

$

2,019

 

$

2,312

 

$

2,505

 

$

2,826

 

$

3,346

 

13

%

$

3,193

 

$

3,647

 

14.2

%

Deposits

 

$

2,639

 

$

2,822

 

$

3,020

 

$

3,432

 

$

3,962

 

11

%

$

3,759

 

$

4,171

 

11.0

%

Net income

 

$

27.0

 

$

12.4

 

$

46.4

 

$

53.4

 

$

64.4

 

24

%

$

30.1

 

$

35.2

 

17.0

%

Diluted EPS

 

$

1.02

 

$

0.46

 

$

1.75

 

$

1.96

 

$

2.25

 

22

%

$

1.08

 

$

1.21

 

12.0

%

ROA - annualized

 

0.85

%

0.36

%

1.27

%

1.28

%

1.34

%

 

 

1.34

%

1.31

%

 

 

ROE - annualized

 

10.24

%

4.27

%

14.60

%

14.82

%

14.88

%

 

 

15.29

%

14.72

%

 

 

Cash ROTE - annualized**

 

13.00

%

13.53

%

17.09

%

18.79

%

20.69

%

 

 

19.69

%

20.50

%

 

 

 


*

 

Includes $19.2 million net merger expenses.

 

 

 

**

 

See “Non-GAAP Disclosure Reconciliations” on page 30.

 

21



 

Net Interest Income

 

                  NII consistently growing as we expand our business

                  NIM has been stable through various interest rate environments

                  Funding sources are stable

 

Net Interest Income

 

NIM vs. Fed Funds Rate

 

 

 

[CHART]

 

[CHART]

 

22



 

Interest Rate Risk – As of June 30, 2005

 

                  Slightly asset sensitive

                  Naturally hedged

 

NII Sensitivity (Ramped)

 

NII Sensitivity (Shocked)

 

 

 

[CHART]

 

[CHART]

 

 

 

Twist Scenario

 

[CHART]

 

23



 

Other Income

 

                  Diversifying revenue sources

                  Wealth Management, Deposit Services and Lease Banking are strong contributors to growth

                  Other category includes securities and asset gains and varies significantly

 

[CHART]

 

24



 

Efficiency Ratio

 

                  We carefully manage expenses

                  We are making investments in revenue producing personnel

                  Extensive investing in infrastructure – electronic and physical

                  Investing in Betsimpsier deposit strategy

 

[CHART]

 


*                 Excludes $19.2 million after tax merger charge.

 

25



 

Cash Return on Tangible Equity

 

[CHART]

 


*                 Excludes $19.2 million after tax merger charge.

See “Non-GAAP Disclosure Reconciliations” on page 30.

 

26



 

Key Investment Considerations

 

Strategy

                  Build market share in key business lines (Commercial, Retail, Wealth Management)

                  Diversify revenue streams

                  Lower cost of funds

                  Capitalize on key M&A opportunities

                  Invest in people and process

 

Results

                  Strong, consistent loan growth

                  Stable credit quality

                  Robust EPS growth

                  High return on equity/tangible equity

                  Increasing commercial market share

 

27



 

MBFI Stock Price

3 Year

 

[CHART]

 

28



 

Non-GAAP Disclosure Reconciliations

 

These materials contain certain financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”).  Such measures include cash return on tangible equity and net interest margin on a fully tax equivalent basis.

 

Cash return on tangible equity is determined by dividing cash earnings by average tangible stockholders’ equity.  The most directly comparable GAAP measure, return on equity, is determined by dividing net income by average stockholders’ equity.  Cash earnings excludes from net income the effect of amortization expense for intangible assets other than goodwill (which is not amortized but tested for impairment annually), and average tangible stockholders’ equity excludes from average stockholders’ equity acquisition-related goodwill and other intangible assets, net of tax benefit.    We believe that the presentation of cash return on tangible equity is helpful in understanding our financial results, as it provides a method to assess our success in utilizing our tangible capital.

 

Net interest margin on a fully tax equivalent basis is determined by dividing net interest income on a fully tax equivalent basis by average interest-earning assets.  The most directly comparable GAAP measure, net interest margin, is determined by dividing net interest income by average interest-earning assets.  The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 35% tax rate.  We believe that it is a standard practice in the banking industry to present net interest margin on a fully tax equivalent basis, and accordingly believe that providing this measure may be useful for peer comparison purposes.

 

The following tables reconcile cash earnings to net income, average tangible stockholders’ equity to average stockholders’ equity and net interest margin on a fully tax equivalent basis to net interest margin for the periods presented:  (dollars in thousands)

 

29



 

 

 

 

 

 

 

 

 

 

 

 

 

2nd Qtr

 

2nd Qtr

 

YTD

 

YTD

 

 

 

2000

 

2001

 

2002

 

2003

 

2004

 

2004

 

2005

 

2004

 

2005

 

Net income, as reported

 

$

26,961

 

$

31,538

 

$

46,370

 

$

53,392

 

$

64,429

 

$

15,470

 

$

17,987

 

$

30,058

 

$

35,164

 

Plus: Intangible amortization, net of tax benefit

 

3,022

 

3,212

 

631

 

754

 

660

 

173

 

163

 

361

 

336

 

Cash earnings

 

$

29,983

 

$

34,750

 

$

47,001

 

$

54,146

 

$

65,089

 

$

15,643

 

$

18,150

 

$

30,419

 

$

35,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average stockholders’ equity

 

$

263,311

 

$

289,291

 

$

317,693

 

$

360,210

 

$

432,992

 

$

405,920

 

$

482,291

 

$

395,274

 

$

481,611

 

Less: Goodwill

 

27,634

 

30,439

 

40,773

 

67,391

 

110,302

 

87,016

 

123,691

 

78,655

 

123,659

 

Less: Other intangible assets, net of tax benefit

 

5,049

 

2,082

 

1,914

 

4,692

 

8,038

 

7,005

 

8,572

 

5,912

 

8,657

 

Average tangible stockholders’ equity

 

$

230,628

 

$

256,770

 

$

275,006

 

$

288,127

 

$

314,652

 

$

311,899

 

$

350,028

 

$

310,707

 

$

349,295

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash Return on Tangible Equity - Annualized

 

13.00

%

13.53

%

17.09

%

18.79

%

20.69

%

20.17

%

20.80

%

19.69

%

20.50

%

 

 

 

 

 

 

 

 

 

 

 

 

 

2nd Qtr

 

2nd Qtr

 

YTD

 

YTD

 

 

 

2000

 

2001

 

2002

 

2003

 

2004

 

2004

 

2005

 

2004

 

2005

 

Net interest margin

 

3.66

%

3.65

%

3.97

%

3.72

%

3.69

%

3.62

%

3.67

%

3.62

%

3.68

%

Plus: Tax equivalent effect

 

0.09

%

0.08

%

0.06

%

0.08

%

0.10

%

0.10

%

0.11

%

0.10

%

0.11

%

Net interest margin, fully tax equivalent - Annualized

 

3.75

%

3.73

%

4.03

%

3.80

%

3.79

%

3.72

%

3.78

%

3.72

%

3.79

%

 

30



 

[LOGO]

 

West Coast

Super-Community Bank Conference

 

Mitchell Feiger, President and Chief Executive Officer

Jill E. York, Vice President and Chief Financial Officer

 

September 9, 2005

 

NASDAQ:  MBFI

 


 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, MB Financial, Inc. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on the 8th day of September, 2005.

 

MB FINANCIAL, INC.

 

 

By:

 

/s/ Jill E. York

 

Jill E. York

Vice President and Chief Financial Officer

(Principal Financial and Principal Accounting Officer)

 

3


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