Sabadell United Bank Reports $30 Million in Net Income for the Year Ended December 31, 2012

  Sabadell United Bank Reports $30 Million in Net Income for the Year Ended
  December 31, 2012

Business Wire

MIAMI -- January 31, 2013

Sabadell United Bank reported today net income of $5.8 million for the last
quarter ended December 31, 2012. Year to date, the bank has reported net
income of $30 million, 50% more than the $20 million in net income reported
for the same period last year.

Sabadell United Bank reported $3.7 billion in assets as of December 31^st. The
bank’s total loan portfolio was $2.2 billion at the end of 2012, up 14 percent
from $1.9 billion a year earlier. Deposit balances were $3.2 billion, up 14
percent from $2.8 billion a year ago.

Sabadell United Bank’s fourth-quarter Tier 1 risk-based capital ratio was
17.58 percent and its Tier 1 to average assets ratio was 10.39 percent, well
above the FDIC standards for a well-capitalized bank of 6 and 5 percent,

“We achieved strong results in 2012 while improving our already solid balance
sheet,” said Mario Trueba, President and CEO. “Our performance this year is a
testament to our bank’s dedication to client service and our practice of
maintaining ample capital reserves.” He added that, “during 2012, we fully
integrated our most recent acquisition, forming our wealth management division
Sabadell Bank and Trust, while reinforcing our commercial structure and
undertaking strategic steps to become more efficient. We expect to continue
growing organically and through acquisitions next year.”

Sabadell United Bank, headquartered in Miami, Florida, is a locally-managed,
nationally-chartered banking institution. The bank has 23 locations throughout
the state, serving over 35,000 clients, and is the sixth largest bank in
Florida by deposits. Bauer Financial Reports recognized the financial strength
of the bank by awarding it a five-star rating, the highest available. Sabadell
United Bank is recognized as the trusted financial advisor for professionals
and businesses as well as domestic and international high-net-worth


Wragg & Casas Public Relations
Jeanmarie Ferrara, 305-372-1234
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