February 01, 2015 6:05 AM ET

Banks

Company Overview of MUFG Americas Holdings Corporation

Company Overview

MUFG Americas Holdings Corporation operates as the bank holding company for MUFG Union Bank, N.A. that provides various financial services to consumers, small businesses, middle-market companies, and corporations. The company’s Retail Banking & Wealth Markets segment offers mortgages, home equity lines of credit, consumer and commercial loans, deposit accounts, financial planning, and investments. Its Commercial Banking segment provides various credit products, including commercial loans, and accounts receivable, inventory, project, trade, and real estate financing; and noncredit services and products consisting of treasury management and capital markets solutions, foreign exchange and vario...

400 California Street

San Francisco, CA 94104

United States

Founded in 1972

Phone:

415-765-2969

Fax:

415-765-2950

Key Executives for MUFG Americas Holdings Corporation

President
Age: 57
Executive Chairman
Age: 59
Vice Chairman
Age: 49
President of Retail Banking of Northern California
Vice Chairman and Chief Retail Banking Officer
Age: 46
Compensation as of Fiscal Year 2014.

MUFG Americas Holdings Corporation Key Developments

MUFG Americas Mulls Acquisitions

MUFG Americas Holdings Corporation is looking for acquisitions. MUFG Americas Holdings Corporation has filed a shelf registration in the amount of $3,600 million and intends to use the net proceeds for general corporate purposes, including working capital, acquisitions and other business opportunities.

MUFG Americas Holdings Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

MUFG Americas Holdings Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest income of $808 million compared to $816 million a year ago. Net interest income was $709 million compared to $706 million a year ago. Income before income taxes and including noncontrolling interests was $245 million compared to $230 million a year ago. Net Income attributable to the company was $155 million compared to $179 million a year ago. Net income attributable to the company, excluding impact of privatization transaction and merger costs related to acquisitions was $173 million compared to $193 million a year ago. Return on average assets was 0.55% compared to 0.68% a year ago. Return on average assets, excluding impact of privatization transaction and merger costs related to acquisitions was 0.62% compared to 0.75% a year ago. Return on average MUAH stockholder's equity was 4.06% compared to 5.66% a year ago. Return on average MUAH stockholder's equity, excluding impact of privatization transaction and merger costs related to acquisitions was 5.27% compared to 7.41% a year ago. For the year, the company reported total interest income of $3,270 million compared to $3,123 million a year ago. Net interest income was $2,862 million compared to $2,716 million a year ago. Income before income taxes and including noncontrolling interests was $1,080 million compared to $844 million a year ago. Net Income attributable to the company was $825 million compared to $667 million a year ago. Net income attributable to the company, excluding impact of privatization transaction and merger costs related to acquisitions was $866 million compared to $724 million a year ago. Return on average assets was 0.76% compared to 0.66% a year ago. Return on average assets, excluding impact of privatization transaction and merger costs related to acquisitions was 0.81% compared to 0.74% a year ago. Return on average MUAH stockholder's equity was 5.57% compared to 5.33% a year ago. Return on average MUAH stockholder's equity, excluding impact of privatization transaction and merger costs related to acquisitions was 6.84% compared to 7.06% a year ago.

MUFG Americas Holdings Corporation Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Net Charge-Offs for the Third Quarter Ended September 30, 2014

MUFG Americas Holdings Corporation announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, total interest income was $808 million against $788 million a year ago. Net interest income was $707 million against $685 million a year ago. Income before income taxes and including non-controlling interests was $308 million against $246 million a year ago. Net income attributable to MUAH was $246 million against $198 million a year ago. Net income attributable to MUAH, excluding impact of privatization transaction and merger costs related to acquisitions was $251 million against $199 million a year ago. Return on average assets was 0.90% against 0.78% a year ago. Return on average assets, excluding impact of privatization transaction and merger costs related to acquisitions was 0.94% against 0.81% a year ago. Return on average MUAH stockholder's equity was 6.57% against 6.50% a year ago. Return on average MUAH stockholder's equity, excluding impact of privatization transaction and merger costs related to acquisitions was 7.84% against 8.01% a year ago. Total revenue was $1,095 million against $919 million a year ago. The decrease in net interest income was largely due to higher levels of interest income recorded on purchased credit-impaired (PCI) loan portfolio in the second quarter, mostly due to early payoffs of certain loans, partially offset by growth in loans held for investment in the third quarter 2014. For the nine months, total interest income was $2,462 million against $2,307 million a year ago. Net interest income was $2,153 million against $2,010 million a year ago. Income before income taxes and including non-controlling interests was $835 million against $614 million a year ago. Net income attributable to MUAH was $670 million against $488 million a year ago. Net income attributable to MUAH, excluding impact of privatization transaction and merger costs related to acquisitions was $693 million against $531 million a year ago. Return on average assets was 0.83% against 0.66% a year ago. Return on average assets, excluding impact of privatization transaction and merger costs related to acquisitions was 0.87% against 0.73% a year ago. Return on average MUAH stockholder's equity was 6.08% against 5.23% a year ago. Return on average MUAH stockholder's equity, excluding impact of privatization transaction and merger costs related to acquisitions was 7.37% against 6.95% a year ago. Total revenue was $2,924 million against $2,696 million a year ago. Excluding PCI loans and FDIC covered OREO, net charge-offs were $12 million for the third quarter of 2014 compared with $7 million for the second quarter 2014 and $1 million for the third quarter 2013.

Similar Private Companies By Industry

Company Name Region
Decorah Bank & Trust Company United States
Keystone Community Bancorporation United States
The Citizens Exchange Bank (Pearson, GA) United States
Highland Bank United States
Bank of Zachary United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MUFG Americas Holdings Corporation, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.