City National Corp.'s 2Q2015 Financial Results
July 23, 2015
After Market Close
Los Angeles-based City National Corporation (NYSE: CYN) is the parent company of City National Bank. It offers a full complement of banking, trust and investment services through 75 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta.
On January 22, 2015, City National announced plans to merge with Royal Bank of Canada. The transaction is expected to close later this year, pending regulatory approval and other customary closing conditions.
Total assets reach $33.8 billion
Loans increase $1 billion in the quarter to a new record of $21.9 billion; total balances grow 19 percent from a year-ago, with commercial loans up 21 percent
Deposits up 11 percent to all-time high of $29.5 billion
LOS ANGELES, July 23, 2015 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN), the parent company of wholly owned City National Bank, today reported second-quarter 2015 net income of $68.5 million, up 5 percent from $65.5 million in ...
LOS ANGELES, July 17, 2015 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN) today announced that it has declared cash dividends on its outstanding series of preferred stock.
A quarterly cash dividend of $13.75 per share was declared on its 5.50% Non-Cumulative Perpetual Preferred Stock, Series C (equivalent to $0.34375 per related depositary share), payable on August 13, 2015 to shareholders of record on July 28, 2015.
A quarterly cash dividend of $16.875 per share was declared o...
Hires Commercial Banking Services Team
SACRAMENTO, Calif., July 15, 2015 (GLOBE NEWSWIRE) -- City National Bank, America's Premier Private and Business BankSM, announced today that it has hired a commercial banking team in Sacramento and has opened a loan production office there to better serve businesses and entrepreneurs in this important region.
Leading the City National group is Senior Vice President and Manager Dan Guth, who has more than 20 years of financial services experience withi...
LOS ANGELES, June 25, 2015 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN), the parent company of wholly owned City National Bank, today announced that it has released the positive results of its company-run 2015 Dodd-Frank Act Stress Test.
Results can be found in the Investor Relations section of City National's website at cnb.com under "Presentations and Events."
About City National
City National Corporation has $32.7 billion in assets. The company's wholly owned subsidiar...
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