PrivateBancorp (PVTB) 8-K PrivateBancorp Reports First Quarter Earnings Per Share of $0.15

Exhibit 99.1

For further information:

Media Contact:

Amy Yuhn

312-564-1378

ayuhn@theprivatebank.com

Investor Relations Contact:

Sarah Lewensohn

312-564-3894

slewensohn@theprivatebank.com

For Immediate Release

PrivateBancorp Reports First Quarter Earnings Per Share of $0.15

Continued asset quality improvement and loan growth lead to increased earnings

CHICAGO, April 24, 2012—PrivateBancorp, Inc. (NASDAQ: PVTB) today reported net income available to common shareholders of $10.8 million, or $0.15 per diluted share, for the first quarter 2012, compared to $7.5 million, or $0.10 per diluted share, for the first quarter 2011, and $7.6 million, or $0.11 per diluted share for the fourth quarter 2011.

“In the first quarter, we saw solid quarter-over-quarter improvement, with a 42 percent increase in net income from the fourth quarter and a 45 percent increase year over year,” said Larry D. Richman, President and Chief Executive Officer, PrivateBancorp, Inc. “Our results were driven by continued success in client development and ongoing improvement in asset quality. I was pleased by the increase in total loans and fee income, and by the continued reduction in problem assets, as we build on the strength of our core commercial middle market bank.

“Our pipeline is strong and we are positioned to benefit as middle market companies resume investing in their own businesses. We believe our strategy will continue to generate opportunities that will translate into improved earnings, a stronger balance sheet and improved shareholder value.”

Highlights

• Net income was $10.8 million, up 42 percent from the fourth quarter 2011, largely as a result of lower provision costs as well as growth in average loan balances and fee income.

• Net revenue increased 3 percent from the fourth quarter 2011.

• Non-interest income grew 8 percent from the prior quarter, primarily driven by increased fees from capital markets, treasury management, and syndication activity.

• Total loans grew $213.7 million this quarter to $9.2 billion at March 31, 2012, largely driven by growth of commercial and industrial loans with new and existing clients.

• Improvement in asset quality continued with non-performing assets down 7 percent and special mention and potential problem loans down 14 percent from year-end 2011.

Operating Performance

Net revenue was $132.6 million in the first quarter 2012, compared to $127.0 million in the first quarter 2011 and $129.0 million in the fourth quarter 2011. Net revenue increased 4 percent compared to the same period prior year and 3 percent compared to the prior quarter. Operating profit was $52.3 million in the first quarter 2012, compared to $51.6 million in the same period prior year and $52.8 million in the prior quarter. Higher compensation costs and elevated net foreclosed property expense reduced the impact of revenue growth.

Net interest income was $104.4 million for the first quarter 2012, up from $102.6 million for the first quarter 2011 and $103.0 million for the fourth quarter 2011. An increase in average loan balances and lower funding costs continued to mitigate declining yields within the investment portfolio in comparison to the fourth quarter 2011. Net interest margin increased to 3.53 percent for the first quarter 2012, up from 3.46 percent in the same period prior year and 3.48 percent in the prior quarter. Net interest margin primarily benefited from a reduction in short-term investments and continued reductions in cost of funds.

Non-interest income was $27.5 million in the first quarter 2012, compared to $23.6 million in the first quarter 2011 and $25.4 million in the fourth quarter 2011. Non-interest income increased 16 percent compared to the same period prior year and 8 percent compared to the prior quarter. Capital markets revenue benefited in the first quarter 2012 from steady origination activity, deeper cross-sell across the business lines, and some larger transactions. Treasury management revenue was 19 percent higher in comparison to the same period prior year and up 7 percent from the prior quarter. Loan and credit-related fees increased 11 percent from the same period prior year and 16 percent from the prior quarter due largely to an increase in syndications revenue.

Expenses

Non-interest expense was $80.2 million for the first quarter 2012, compared to $75.3 million for the first quarter 2011 and $76.2 million for the fourth quarter 2011. The increase in non-interest expense was primarily due to higher compensation expenses and credit-related operating costs. Compared to the same period prior year, salary and benefit expense was higher in the first quarter 2012, primarily due to an increase in incentive-based compensation. Compared to the prior quarter, salary and benefit expense was up due to seasonally higher payroll taxes and 401(k) benefit payments. Net foreclosed property expense remained elevated, reflecting the current level of other real estate owned. The increase of other expense during first quarter 2012 was primarily due to additional provision for unfunded commitments.

2

The efficiency ratio was 60.5 percent in the first quarter 2012, compared to 59.3 percent in the first quarter 2011 and 59.1 percent in the fourth quarter 2011.

The effective tax rate for the quarter was 40.5 percent and continues to be impacted by the non-deductibility of certain compensation expense as well as a reduction in tax benefits of previously awarded stock-based compensation due to the impact of current share price valuation.

Credit Quality

During the first quarter 2012, the Company continued to make meaningful progress in reducing problem assets and improving asset quality. Non-performing assets declined to $356.7 million at March 31, 2012, down 21 percent from $450.7 million at March 31, 2011, and down 7 percent from $385.6 million at December 31, 2011. Non-performing assets to total assets were 2.83 percent at March 31, 2012, compared to 3.61 percent a year ago, and 3.11 percent at year-end 2011. Non-performing loans were $233.2 million at the end of the first quarter 2012, a 35 percent decline from $356.9 million a year ago, and a 10 percent decline from $259.9 million at year-end 2011. Non-performing loan inflows were $69.6 million during the first quarter 2012 and special mention and potential problem loans declined 14 percent from year-end 2011.

The Company disposed of $67.4 million of problem assets in the first quarter 2012, with an incremental charge of 14 percent based on the carrying value net of specific reserves at the time of disposition. During the quarter, the Company used a series of resolution strategies including asset sales and loan restructurings. Restructured loans accruing interest were $136.5 million at the end of first quarter 2012, compared to $100.9 million a year ago and $100.9 million at year-end 2011. As problem loan indicators continue to trend positively and problem loan resolutions continue, the Company expects further improvement in the credit quality of the portfolio.

The allowance for loan losses in the first quarter 2012 reflects the improvement in asset quality, the reduced requirement for specific reserves, and additions to reserves supporting loan growth. The allowance for loan losses at March 31, 2012, was $183.8 million, or 1.99 percent of total loans, compared to $218.2 million, or 2.41 percent of total loans, at March 31, 2011, and $191.6 million, or 2.13 percent of total loans at December 31, 2011. As a percentage of non-performing loans the allowance for loan losses was 79 percent at the end of the first quarter 2012, compared to 61 percent a year ago, and 74 percent at year-end 2011. The first quarter 2012 provision for loan losses was $27.6 million, excluding covered loan provision, down from $36.7 million in the same period prior year and $29.8 million in the prior quarter. Net charge-offs declined to $35.4 million for the first quarter 2012, from $41.3 million for the same period prior year and $38.2 million for the prior quarter.

3

Credit quality results exclude $276.5 million in covered assets as of the end of the first quarter 2012, referring to certain assets acquired through an FDIC-assisted transaction that are subject to a loss-sharing agreement, compared to $364.4 million in the first quarter 2011 and $306.8 million in the fourth quarter 2011.

Balance Sheet

Total loans were $9.2 billion at March 31, 2012, up from $9.0 billion at December 31, 2011. The Company continued to build the loan portfolio, primarily in commercial and industrial loans, through growth in new relationships and increases in existing facilities. Commercial and industrial loans grew 3 percent from year-end 2011. Total assets were $12.6 billion at March 31, 2012, up from $12.4 billion at year-end 2011.

Total deposits were $10.4 billion at March 31, 2012, flat compared to $10.4 billion at December 31, 2011. Non-interest bearing deposits comprised 29 percent of total deposits at March 31, 2012, compared to 31 percent of total deposits at year-end 2011. Short-term borrowings were $355.0 million at March 31, 2012, as the Company increased short-term FHLB advances by $199.0 million during the quarter.

The Company’s investment securities portfolio was $2.3 billion at March 31, 2012, flat compared to $2.3 billion at December 31, 2011. The securities portfolio is primarily comprised of U.S. government agency backed mortgage pools, agency collateralized mortgage obligations, and investment grade municipal bonds.

Capital

As of March 31, 2012, the Company’s total risk-based capital ratio was 14.20 percent, the Tier 1 risk-based capital ratio was 12.31 percent, and the leverage ratio was 11.35 percent. Tier 1 common capital ratio was 8.04 percent and tangible common equity ratio was 7.69 percent at the end of the first quarter 2012.

Quarterly Conference Call and Webcast Presentation

PrivateBancorp will host a conference call on Tuesday, April 24, 2012, at 10 a.m. CT. The call may be accessed by telephone at (888) 782-9127 (U.S. and Canada) or (706) 634-5643 (International) and entering passcode #65265700. A live webcast of the call can be accessed on the Company website atwww.theprivatebank.com by visiting the Investor Relations tab under the About Us section. A rebroadcast will be available beginning approximately two hours after the call until midnight on April 26, 2012, by calling (855) 859-2056 (U.S. and Canada) or (404) 537-3406 (International) and entering passcode # 65265700.

4

About PrivateBancorp, Inc.

PrivateBancorp, Inc., through its subsidiaries, delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities we serve. As of March 31, 2012, the Company had 34 offices in 9 states and $12.6 billion in assets. The Company website is www.theprivatebank.com.

Forward-Looking Statements

Statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of federal securities laws. Our ability to predict results or the actual effects of future plans, strategies or events is inherently uncertain. Factors which could cause actual results to differ from those reflected in forward-looking statements include, but are not limited to: unforeseen credit quality problems or further deterioration in problem assets that could result in charge-offs greater than we have anticipated in our allowance for loan losses; adverse developments impacting one or more large credits; the extent of further deterioration in real estate values in our market areas, particularly in the Chicago area; difficulties in resolving problem credits or slower than anticipated dispositions of other real estate owned which may result in increased losses or higher credit-related operating costs; continued uncertainty regarding U.S. and global economic recovery and economic outlook, and ongoing volatility in market conditions, that may impact credit quality or prolong weakness in demand for loans or other banking products and services; unanticipated withdrawals of significant client deposits; lack of sufficient or cost-effective sources of liquidity or funding; the terms and availability of capital when and to the extent necessary or required to repay TARP preferred stock or otherwise; loss of key personnel or an inability to recruit and retain appropriate talent; unanticipated changes in interest rates or significant tightening of credit spreads; competitive pricing pressures; uncertainty regarding implications of the Dodd-Frank Act, including evolving regulatory capital standards, and the rules and regulations to be adopted in connection with implementation of the legislation that may negatively affect our revenues or profitability; other legislative, regulatory or accounting changes affecting financial services companies and/or the products and services offered by financial services companies; or failures or disruptions to our data processing or other information or operational systems. These forward-looking statements are subject to significant risks, assumptions and uncertainties and could be affected by many factors, including those set forth in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2011 as well as those set forth in our subsequent periodic and current reports filed with the SEC. These factors should be considered in evaluating forward-looking statements and undue reliance should not be placed on our forward-looking statements. Forward-looking statements speak only as of the date they are made and we assume no obligation to update any of these statements in public filings in light of future events unless required under the federal securities laws.

5

Non-GAAP Measures

This press release contains both financial measures based on accounting principles generally accepted in the United States (GAAP) and non-GAAP based financial measures. The Company believes that these non-GAAP financial measures provide information useful to investors in understanding the underlying operational performance of the Company, its business, and performance trends and facilitates comparisons with the performance of others in the banking industry. If non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconcilement to the comparable GAAP financial measure, can be found in this press release. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Editor’s Note: Financial highlights attached.

6

Exhibit 99.1

Quarterly Consolidated Income Statements
Unaudited
(Amounts in thousands except per share data)

	1Q12		4Q11		3Q11		2Q11		1Q11
Interest Income
Loans, including fees	$	103,539	$	102,897	$	102,174	$	102,391	$	105,647
Federal funds sold and other short-term investments		132		215		231		399		336
Securities:
Taxable		15,380		15,263		15,196		15,568		15,390
Exempt from Federal income taxes		1,300		1,273		1,293		1,387		1,486
Total interest income		120,351		119,648		118,894		119,745		122,859
Interest Expense
Interest-bearing demand deposits		636		585		625		587		642
Savings deposits and money market accounts		4,602		4,857		5,356		6,082		6,662
Brokered and time deposits		5,017		5,561		5,895		6,528		6,692
Short-term borrowings		142		152		466		566		827
Long-term debt		5,578		5,511		5,463		5,479		5,483
Total interest expense		15,975		16,666		17,805		19,242		20,306
Net interest income		104,376		102,982		101,089		100,503		102,553
Provision for loan and covered loan losses		27,701		31,611		32,615		31,093		37,578
Net interest income after provision for loan and covered loan losses		76,675		71,371		68,474		69,410		64,975
Non-interest Income
Trust and Investments		4,219		3,992		4,452		4,720		4,662
Mortgage banking		2,663		3,032		1,565		704		1,402
Capital markets products		7,349		5,471		5,510		3,871		4,489
Treasury management		5,154		4,813		4,590		4,453		4,325
Loan and credit related fees		6,527		5,606		5,413		5,290		5,898
Deposit service charges and fees and other income		1,487		2,115		1,735		1,884		2,484
Net securities gains		105		364		4,370		670		367
Total non-interest income		27,504		25,393		27,635		21,592		23,627
Non-interest Expense
Salaries and employee benefits		42,698		40,729		38,841		38,636		38,557
Net occupancy expense		7,679		7,394		7,515		7,545		7,532
Technology and related costs		3,296		3,142		2,856		2,729		2,661
Marketing		2,160		2,250		2,218		2,500		1,943
Professional services		1,957		2,126		2,434		2,312		2,334
Outsourced servicing costs		1,710		2,077		1,918		1,852		2,154
Net foreclosed property expenses		8,235		6,862		7,129		7,485		6,306
Postage, telephone, and delivery		869		953		944		931		888
Insurance		4,305		3,462		5,393		5,092		7,340
Loan and collection expense		3,157		3,840		2,931		4,247		2,553
Other expenses		4,163		3,395		2,855		2,335		3,081
Total non-interest expense		80,229		76,230		75,034		75,664		75,349
Income before income taxes		23,950		20,534		21,075		15,338		13,253
Income tax provision		9,695		9,468		7,593		6,320		2,279
Net income		14,255		11,066		13,482		9,018		10,974
Net income attributable to noncontrolling interests		—		7		33		58		72
Net income attributable to controlling interests		14,255		11,059		13,449		8,960		10,902
Preferred stock dividends and discount accretion		3,436		3,430		3,426		3,419		3,415
Net income available to common stockholders	$	10,819	$	7,629	$	10,023	$	5,541	$	7,487
Per Common Share Data
Basic earnings per share	$	0.15	$	0.11	$	0.14	$	0.08	$	0.10
Diluted earnings per share	$	0.15	$	0.11	$	0.14	$	0.08	$	0.10
Cash dividends declared	$	0.01	$	0.01	$	0.01	$	0.01	$	0.01
Weighted-average common shares outstanding		70,780		70,540		70,479		70,428		70,347
Weighted-average diluted common shares outstanding		70,932		70,713		70,621		70,663		70,396

Note 1: Certain reclassifications have been made to prior period financial statements to place them on a basis comparable with the current period financial statements.

Consolidated Balance Sheets
(Dollars in thousands)

	03/31/12			12/31/11			09/30/11			06/30/11			03/31/11
	unaudited			audited			unaudited			unaudited			unaudited
Assets
Cash and due from banks	$	166,062		$	156,131		$	171,268		$	160,289		$	181,738
Fed funds sold and other short-term investments		193,571			205,610			248,559			457,422			621,206
Loans held for sale		29,185			32,049			24,126			13,503			22,611
Securities available-for-sale, at fair value		1,705,649			1,783,465			1,872,587			2,057,290			1,892,304
Securities held-to-maturity, at amortized cost		598,066			490,143			273,200			—			—
Non-marketable equity investments		43,882			43,604			43,894			20,406			23,490
Loans—excluding covered assets, net of unearned fees		9,222,253			9,008,561			8,674,955			8,672,642			9,037,067
Allowance for loan losses		(183,844	)		(191,594	)		(200,041	)		(206,286	)		(218,237	)
Loans, net of allowance for loan losses and unearned fees		9,038,409			8,816,967			8,474,914			8,466,356			8,818,830
Covered assets		276,534			306,807			318,973			346,452			364,372
Allowance for covered loan losses		(26,323	)		(25,939	)		(16,689	)		(16,904	)		(19,738	)
Covered assets, net of allowance for covered loan losses		250,211			280,868			302,284			329,548			344,634
Other real estate owned, excluding covered assets		123,498			125,729			116,364			123,997			93,770
Premises, furniture, and equipment, net		37,462			38,633			39,069			38,171			39,019
Accrued interest receivable		36,033			35,732			32,686			32,128			33,960
Investment in bank owned life insurance		51,356			50,966			50,565			50,183			49,799
Goodwill		94,559			94,571			94,584			94,596			94,609
Other intangible assets		14,683			15,353			15,715			16,089			16,464
Capital markets derivative assets		97,805			101,676			111,248			93,453			87,273
Other assets		142,733			145,373			148,798			161,946			177,735
Total assets	$	12,623,164		$	12,416,870		$	12,019,861		$	12,115,377		$	12,497,442
Liabilities
Demand deposits:
Noninterest-bearing	$	3,054,536		$	3,244,307		$	2,832,481		$	2,527,230		$	2,438,709
Interest-bearing		714,522			595,238			611,293			531,107			540,215
Savings deposits and money market accounts		4,347,832			4,378,220			4,392,697			4,497,297			4,831,253
Brokered deposits		961,481			815,951			902,002			1,342,422			1,467,196
Time deposits		1,344,341			1,359,138			1,370,190			1,336,212			1,348,603
Total deposits		10,422,712			10,392,854			10,108,663			10,234,268			10,625,976
Short-term borrowings		355,000			156,000			59,154			63,311			88,468
Long-term debt		379,793			379,793			379,793			409,793			409,793
Accrued interest payable		5,425			5,567			5,841			5,767			5,529
Capital markets derivative liabilities		100,109			104,140			113,968			95,043			88,351
Other liabilities		47,971			81,764			66,266			46,547			41,193
Total liabilities		11,311,010			11,120,118			10,733,685			10,854,729			11,259,310
Equity
Preferred stock—Series B		240,791			240,403			240,020			239,642			239,270
Common stock		71,611			71,483			71,220			71,155			71,036
Treasury stock		(21,749	)		(21,454	)		(20,680	)		(20,615	)		(20,312	)
Additional paid-in capital		973,417			968,787			965,640			963,156			959,135
Retained earnings/(accumulated deficit)		932			(9,164	)		(16,075	)		(25,388	)		(30,223	)
Accumulated other comprehensive income, net of tax		47,152			46,697			46,051			32,535			19,121
Total stockholders' equity		1,312,154			1,296,752			1,286,176			1,260,485			1,238,027
Noncontrolling interests		—			—			—			163			105
Total equity		1,312,154			1,296,752			1,286,176			1,260,648			1,238,132
Total liabilities and equity	$	12,623,164		$	12,416,870		$	12,019,861		$	12,115,377		$	12,497,442

Selected Financial Data
Unaudited
(Amounts in thousands except per share data)

	1Q12			4Q11			3Q11			2Q11			1Q11
Selected Statement of Income Data:
Net interest income	$	104,376		$	102,982		$	101,089		$	100,503		$	102,553
Net revenue(1) (2)	$	132,560		$	129,046		$	129,404		$	122,811		$	126,970
Operating profit(1) (2)	$	52,331		$	52,816		$	54,370		$	47,147		$	51,621
Provision for loan and covered loan losses	$	27,701		$	31,611		$	32,615		$	31,093		$	37,578
Income before taxes	$	23,950		$	20,534		$	21,075		$	15,338		$	13,253
Net income available to common stockholders	$	10,819		$	7,629		$	10,023		$	5,541		$	7,487
Per Common Share Data:
Basic earnings per share	$	0.15		$	0.11		$	0.14		$	0.08		$	0.10
Diluted earnings per share	$	0.15		$	0.11		$	0.14		$	0.08		$	0.10
Dividends declared	$	0.01		$	0.01		$	0.01		$	0.01		$	0.01
Book value (period end)(1)	$	14.79		$	14.72		$	14.57		$	14.22		$	13.98
Tangible book value (period end)(1) (2)	$	13.29		$	13.19		$	13.04		$	12.68		$	12.43
Market value (close)	$	15.17		$	10.98		$	7.52		$	13.80		$	15.29
Book value multiple		1.03	x		0.75	x		0.52	x		0.97	x		1.09	x
Share Data:
Weighted average common shares outstanding		70,780			70,540			70,479			70,428			70,347
Diluted average common shares outstanding		70,932			70,713			70,621			70,663			70,396
Common shares issued (at period end)		73,205			72,514			72,491			72,497			72,096
Common shares outstanding (at period end)		72,415			71,745			71,789			71,808			71,428
Performance Ratios:
Return on average assets		0.46	%		0.36	%		0.44	%		0.29	%		0.35	%
Return on average common equity		4.05	%		2.86	%		3.80	%		2.18	%		3.03	%
Net interest margin(1) (2)		3.53	%		3.48	%		3.49	%		3.36	%		3.46	%
Covered asset accretion impact on net interest margin		-0.03	%		0.00	%		0.03	%		0.03	%		0.05	%
Net interest margin, excluding impact of covered asset accretion		3.56	%		3.48	%		3.46	%		3.33	%		3.41	%
Fee revenue as a percent of total revenue(1)		20.79	%		19.55	%		18.71	%		17.23	%		18.49	%
Non-interest income to average assets		0.89	%		0.82	%		0.91	%		0.69	%		0.77	%
Non-interest expense to average assets		2.59	%		2.45	%		2.46	%		2.43	%		2.44	%
Net overhead ratio(1)		1.70	%		1.64	%		1.56	%		1.74	%		1.68	%
Efficiency ratio (1) (2)		60.52	%		59.07	%		57.98	%		61.61	%		59.34	%
Selected Information:
Assets under management and administration (AUMA)(1)	$	4,879,947		$	4,303,547		$	4,161,614		$	4,395,516		$	4,313,843
Custody assets included in AUMA	$	2,060,455		$	1,599,528		$	1,525,001		$	1,623,190		$	1,724,589
Credit valuation adjustment on capital markets derivatives (1)	$	19		$	244		$	(1,207	)	$	(573	)	$	817
Balance Sheet Ratios:
Loans to Deposits (period end) (3)		88.48	%		86.68	%		85.82	%		84.74	%		85.05	%
Average interest-earning assets to average interest- bearing liabilities		149.68	%		150.70	%		145.30	%		139.77	%		134.88	%
Capital Ratios (period end):
Total risk-based capital(1)		14.20	%		14.28	%		14.82	%		15.12	%		14.55	%
Tier 1 risk-based capital(1)		12.31	%		12.38	%		12.89	%		12.95	%		12.41	%
Leverage (1)		11.35	%		11.33	%		11.48	%		11.00	%		10.91	%
Tier 1 common capital(1) (2)		8.04	%		8.04	%		8.34	%		8.34	%		7.97	%
Tangible common equity to tangible assets(1) (2)		7.69	%		7.69	%		7.86	%		7.58	%		7.17	%
Total equity to total assets		10.39	%		10.44	%		10.70	%		10.41	%		9.91	%

(1) Refer to Glossary of Terms for definition.

(2) This is a non-U.S. GAAP financial measure, refer to Non-U.S. GAAP Financial Measures for a reconciliation from non-U.S. GAAP to U.S. GAAP.

(3) Excludes covered assets. Refer to Glossary of Terms for definition.

Loan Composition (excluding covered assets(1))
(Dollars in thousands)

			% of					% of					% of					% of					% of
	03/31/12		Total			12/31/11		Total			09/30/11		Total			06/30/11		Total			03/31/11		Total
	unaudited					audited					unaudited					unaudited					unaudited
Commercial and industrial	$	4,325,558		47	%	$	4,192,842		46	%	$	3,959,153		45	%	$	3,886,555		46	%	$	3,970,213		45	%
Commercial—owner-occupied CRE		1,175,729		13	%		1,130,932		13	%		1,070,340		12	%		986,602		11	%		988,375		11	%
Total commercial		5,501,287		60	%		5,323,774		59	%		5,029,493		57	%		4,873,157		57	%		4,958,588		56	%
Commercial real estate		2,378,640		26	%		2,233,851		25	%		2,156,621		25	%		2,280,961		26	%		2,380,592		26	%
Commercial real estate—multi-family		493,218		5	%		452,595		5	%		445,908		5	%		416,459		5	%		471,980		5	%
Total commercial real estate		2,871,858		31	%		2,686,446		30	%		2,602,529		30	%		2,697,420		31	%		2,852,572		31	%
Construction		127,837		1	%		287,002		3	%		315,858		4	%		366,061		4	%		464,253		5	%
Residential real estate		308,880		3	%		297,229		3	%		307,705		4	%		301,250		3	%		314,082		3	%
Home equity		175,972		2	%		181,158		2	%		186,914		2	%		190,691		2	%		188,900		2	%
Personal		236,419		3	%		232,952		3	%		232,456		3	%		244,063		3	%		258,672		3	%
Total loans	$	9,222,253		100	%	$	9,008,561		100	%	$	8,674,955		100	%	$	8,672,642		100	%	$	9,037,067		100	%

(1) Refer to Glossary of Terms for definition.

Loan Composition (excluding covered assets(1))
(Dollars in thousands)
Unaudited

Commercial Loans Composition by Industry Segment

(Classified pursuant to the North American Industrial Classification System standard industry descriptions and represents our client's primary business activity)

	03/31/12					12/31/11
			% of					% of
	Amount		Total			Amount		Total
Manufacturing	$	1,301,681		24	%	$	1,257,973		24	%
Healthcare		1,343,017		24	%		1,218,205		23	%
Wholesale trade		506,840		9	%		482,386		9	%
Finance and insurance		493,103		9	%		454,830		8	%
Real estate, rental and leasing		269,647		5	%		342,860		6	%
Professional, scientific, and technical services		348,907		6	%		350,677		7	%
Administrative, support, waste management and remediation services		328,370		6	%		321,912		6	%
Architectural, engineering and construction		209,998		4	%		195,875		4	%
All other(2)		699,724		13	%		699,056		13	%
Total commercial(3)	$	5,501,287		100	%	$	5,323,774		100	%

Commercial Real Estate and Construction Loans Portfolio by Collateral Type

	03/31/12								12/31/11
			% of			%					% of			%
	Amount		Total			Nonperforming (4)			Amount		Total			Nonperforming (4)
Commercial Real Estate Portfolio
Land	$	238,326		8	%		13	%	$	230,579		9	%		6	%
Residential 1-4 family		119,772		4	%		14	%		105,919		4	%		23	%
Multi-family		493,218		17	%		1	%		452,595		17	%		1	%
Industrial/warehouse		370,200		13	%		2	%		350,282		13	%		3	%
Office		617,871		22	%		3	%		585,183		22	%		4	%
Retail		489,960		17	%		12	%		431,200		16	%		8	%
Healthcare		144,239		5	%		—			144,529		5	%		—
Mixed use/other		398,272		14	%		5	%		386,159		14	%		6	%
Total commercial real estate	$	2,871,858		100	%		6	%	$	2,686,446		100	%		5	%
Construction Portfolio
Land	$	39,735		31	%		1	%	$	23,422		8	%		2	%
Residential 1-4 family		19,033		15	%		6	%		21,906		8	%		14	%
Multi-family		10,793		8	%		—			64,892		23	%		—
Industrial/warehouse		2,861		2	%		—			15,216		5	%		—
Office		27,757		22	%		1	%		43,403		15	%		1	%
Retail		4,687		4	%		—			61,469		21	%		20	%
Mixed use/other		22,971		18	%		4	%		56,694		20	%		10	%
Total construction	$	127,837		100	%		2	%	$	287,002		100	%		8	%

(1) Refer to Glossary of Terms for definition.

(2) All other consists of numerous smaller balances across a variety of industries.

(3) Includes owner-occupied commercial real estate of $1.2 billion and $1.1 billion at March 31, 2012 and December 31, 2011, respectively.

(4) Calculated as nonperforming loans in the respective collateral type divided by total loans of the corresponding collateral type presented above.

Asset Quality (excluding covered assets(1))
Unaudited
(Dollars in thousands)

	1Q12			4Q11			3Q11			2Q11			1Q11
Credit Quality Key Ratios
Net charge-offs (annualized) to average loans		1.57	%		1.72	%		1.76	%		1.95	%		1.83	%
Nonperforming loans to total loans		2.53	%		2.88	%		3.51	%		3.81	%		3.95	%
Nonperforming loans to total assets		1.85	%		2.09	%		2.54	%		2.73	%		2.86	%
Nonperforming assets to total assets		2.83	%		3.11	%		3.50	%		3.75	%		3.61	%
Allowance for loan losses to:
Total loans		1.99	%		2.13	%		2.31	%		2.38	%		2.41	%
Nonperforming loans		79	%		74	%		66	%		62	%		61	%
Nonperforming assets
Loans past due 90 days and accruing	$	—		$	—		$	—		$	—		$	—
Nonaccrual loans		233,222			259,852			304,747			330,448			356,932
OREO		123,498			125,729			116,364			123,997			93,770
Total nonperforming assets	$	356,720		$	385,581		$	421,111		$	454,445		$	450,702
Restructured loans accruing interest	$	136,521		$	100,909		$	106,330		$	124,614		$	100,895
Special mention loans	$	143,790		$	204,965		$	218,561		$	227,413		$	275,519
Potential problem loans	$	184,029		$	177,095		$	277,125		$	392,019		$	518,144
Nonperforming Loans Rollforward
Beginning balance	$	259,852		$	304,747		$	330,448		$	356,932		$	365,880
Additions:
New nonaccrual loans		69,581			67,512			68,298			110,438			95,275
Reductions:
Return to performing status		(14,291	)		(2,072	)		(1,608	)		(2,781	)		(11,059	)
Paydowns and payoffs, net of advances		(4,806	)		(8,950	)		(13,166	)		(8,258	)		(16,301	)
Net sales		(27,479	)		(27,178	)		(20,432	)		(38,129	)		(11,288	)
Transfer to OREO		(13,513	)		(33,695	)		(24,373	)		(49,667	)		(23,655	)
Charge-offs, net		(36,122	)		(40,512	)		(34,420	)		(38,087	)		(41,920	)
Total reductions		(96,211	)		(112,407	)		(93,999	)		(136,922	)		(104,223	)
Balance at end of period	$	233,222		$	259,852		$	304,747		$	330,448		$	356,932
OREO Rollforward
Beginning balance	$	125,729		$	116,364		$	123,997		$	93,770		$	88,728
New foreclosed properties		13,513			33,695			24,373			49,667			23,661
Valuation adjustments		(4,522	)		(3,999	)		(1,175	)		(5,483	)		(4,762	)
Disposals:
Sales proceeds		(9,078	)		(18,085	)		(25,921	)		(13,615	)		(12,277	)
Net loss on sale		(2,144	)		(2,246	)		(4,910	)		(342	)		(1,580	)
Balance at end of period	$	123,498		$	125,729		$	116,364		$	123,997		$	93,770
Restructured Loans Accruing Interest Rollforward
Beginning balance	$	100,909		$	106,330		$	124,614		$	100,895		$	87,576
Additions:
New restructured loans accruing interest		47,673			8,803			8,592			54,663			19,328
Return to performing status		—			1,099			1,029			—			—
Reductions:
Paydowns and payoffs, net of advances		(4,661	)		(3,334	)		(20,545	)		(7,915	)		(1,535	)
Move to nonperforming loans		(6,665	)		(5,735	)		(4,716	)		(9,930	)		(4,474	)
Net sales		—			—			(2,260	)		(9,600	)		—
Charge-offs, net		—			—			(44	)		(3,499	)		—
Removal of restructured loan status		(735	)		(6,254	)		(340	)		—			—
Balance at end of period	$	136,521		$	100,909		$	106,330		$	124,614		$	100,895

(1) Refer to Glossary of Terms for definition.

Asset Quality (excluding covered assets(1))
Unaudited
(Dollars in thousands)

Credit Quality Indicators⁽¹⁾

						Potential					Non-
	Special		% of			Problem		% of			Performing		% of			Total
	Mention		Loan Type			Loans		Loan Type			Loans		Loan Type			Loans
As of March 31, 2012
Transformational(1)
Commercial	$	61,382		1.2	%	$	49,229		1.0	%	$	22,765		0.4	%	$	5,065,103
Commercial real estate		26,466		1.5	%		33,251		1.9	%		87,228		4.9	%		1,782,434
Construction		7,272		6.1	%		—		—			—		—			118,394
Residential real estate		4,309		2.9	%		5,983		4.0	%		1,057		0.7	%		149,639
Home equity		—		—			1,659		2.8	%		424		0.7	%		59,946
Personal		—		—			765		0.5	%		311		0.2	%		149,951
Total transformational	$	99,429		1.4	%	$	90,887		1.2	%	$	111,785		1.5	%	$	7,325,467
Legacy(1)
Commercial	$	11,198		2.6	%	$	8,557		2.0	%	$	17,421		4.0	%	$	436,184
Commercial real estate		30,355		2.8	%		62,880		5.8	%		72,027		6.6	%		1,089,424
Construction		—		—			—		—			2,781		29.5	%		9,443
Residential real estate		2,384		1.5	%		15,027		9.4	%		11,012		6.9	%		159,241
Home equity		420		0.4	%		5,613		4.8	%		9,954		8.6	%		116,026
Personal		4		*			1,065		1.2	%		8,242		9.5	%		86,468
Total legacy		44,361		2.3	%		93,142		4.9	%		121,437		6.4	%		1,896,786
Total	$	143,790		1.6	%	$	184,029		2.0	%	$	233,222		2.5	%	$	9,222,253
As of December 31, 2011
Transformational(1)
Commercial	$	41,995		0.9	%	$	66,279		1.4	%	$	49,220		1.0	%	$	4,889,734
Commercial real estate		59,031		3.8	%		1,769		0.1	%		49,031		3.2	%		1,549,862
Construction		7,272		3.6	%		9,283		4.6	%		12,489		6.2	%		201,879
Residential real estate		4,490		3.5	%		5,450		4.2	%		2,844		2.2	%		129,161
Home equity		—		—			381		0.7	%		78		0.1	%		54,530
Personal		—		—			866		0.6	%		330		0.2	%		139,643
Total transformational	$	112,788		1.6	%	$	84,028		1.2	%	$	113,992		1.6	%	$	6,964,809
Legacy(1)
Commercial	$	12,331		2.8	%	$	13,049		3.0	%	$	16,738		3.9	%	$	434,040
Commercial real estate		73,884		6.5	%		60,424		5.3	%		84,226		7.4	%		1,136,584
Construction		—		—			—		—			9,390		11.0	%		85,123
Residential real estate		4,854		2.9	%		12,481		7.4	%		11,745		7.0	%		168,068
Home equity		758		0.6	%		6,003		4.7	%		11,525		9.1	%		126,628
Personal		350		0.4	%		1,110		1.2	%		12,236		13.1	%		93,309
Total legacy		92,177		4.5	%		93,067		4.6	%		145,860		7.1	%		2,043,752
Total	$	204,965		2.3	%	$	177,095		2.0	%	$	259,852		2.9	%	$	9,008,561

(1) Refer to Glossary of Terms for definition.

* Less than 0.01%.

Loan Portfolio Aging (excluding covered assets(1))
Unaudited
(Dollars in thousands)

	Current			30-59 Days Past Due			60-89 Days Past Due			90 Days Past Due and Accruing		Nonaccrual			Total Loans
As of March 31, 2012
Loan balances:
Commercial	$	5,453,922		$	3,216		$	3,963		$	—	$	40,186		$	5,501,287
Commercial real estate		2,703,932			6,590			2,081			—		159,255			2,871,858
Construction		124,988			—			68			—		2,781			127,837
Residential real estate		290,716			4,960			1,135			—		12,069			308,880
Personal and home equity		391,453			1,754			253			—		18,931			412,391
Total loans	$	8,965,011		$	16,520		$	7,500		$	—	$	233,222		$	9,222,253
Aging as a percent of loan balance:
Commercial		99.14	%		0.06	%		0.07	%		—		0.73	%		100.00	%
Commercial real estate		94.15	%		0.23	%		0.07	%		—		5.55	%		100.00	%
Construction		97.77	%		—			0.05	%		—		2.18	%		100.00	%
Residential real estate		94.11	%		1.61	%		0.37	%		—		3.91	%		100.00	%
Personal and home equity		94.92	%		0.43	%		0.06	%		—		4.59	%		100.00	%
Total loans		97.21	%		0.18	%		0.08	%		—		2.53	%		100.00	%

	1Q12			4Q11			3Q11			2Q11			1Q11
Nonaccrual loans:
Commercial	$	40,186		$	65,958		$	61,399		$	51,634		$	66,529
Commercial real estate		159,255			133,257			168,078			192,778			202,836
Construction		2,781			21,879			29,997			37,140			41,643
Residential real estate		12,069			14,589			18,007			18,496			16,869
Personal and home equity		18,931			24,169			27,266			30,400			29,055
Total	$	233,222		$	259,852		$	304,747		$	330,448		$	356,932
Nonaccrual loans as a percent of total loan type:
Commercial		0.73	%		1.24	%		1.22	%		1.06	%		1.34	%
Commercial real estate		5.55	%		4.96	%		6.46	%		7.15	%		7.11	%
Construction		2.18	%		7.62	%		9.50	%		10.15	%		8.97	%
Residential real estate		3.91	%		4.91	%		5.85	%		6.14	%		5.37	%
Personal and home equity		4.59	%		5.84	%		6.50	%		6.99	%		6.49	%
Total		2.53	%		2.88	%		3.51	%		3.81	%		3.95	%
Loans past due 60-89 days and still accruing:
Commercial	$	3,963		$	923		$	101		$	3,978		$	139
Commercial real estate		2,081			9,777			8,801			10,292			6,782
Construction		68			2,381			—			—			—
Residential real estate		1,135			645			2,864			1,000			396
Personal and home equity		253			809			1,016			1,288			2,935
Total	$	7,500		$	14,535		$	12,782		$	16,558		$	10,252
Loans past due 60-89 days and still accruing as a percent of total loan type:
Commercial		0.07	%		0.02	%		*			0.08	%		*
Commercial real estate		0.07	%		0.36	%		0.34	%		0.39	%		0.24	%
Construction		0.05	%		0.83	%		—			—			—
Residential real estate		0.37	%		0.22	%		0.93	%		0.33	%		0.13	%
Personal and home equity		0.06	%		0.20	%		0.24	%		0.30	%		0.66	%
Total		0.08	%		0.16	%		0.15	%		0.19	%		0.11	%
Loans past due 30-59 days and still accruing:
Commercial	$	3,216		$	6,018		$	3,529		$	1,723		$	3,997
Commercial real estate		6,590			3,523			5,884			3,384			23,409
Construction		—			—			342			—			4,835
Residential real estate		4,960			3,800			7			392			753
Personal and home equity		1,754			446			776			2,803			1,921
Total	$	16,520		$	13,787		$	10,538		$	8,302		$	34,915
Loans past due 30-59 days and still accruing as a percent of total loan type:
Commercial		0.06	%		0.11	%		0.07	%		0.03	%		0.08	%
Commercial real estate		0.23	%		0.13	%		0.23	%		0.13	%		0.82	%
Construction		—			—			0.11	%		—			1.04	%
Residential real estate		1.61	%		1.28	%		*			0.13	%		0.24	%
Personal and home equity		0.43	%		0.11	%		0.19	%		0.64	%		0.43	%
Total		0.18	%		0.15	%		0.12	%		0.10	%		0.39	%

(1) Refer to Glossary of Terms for definition.

* Less than 0.01%.

Asset Quality (excluding covered assets(1))
Unaudited
(Dollars in thousands)

Nonaccrual Loans Stratification

	$10.0 Million or More		$5.0 to $9.9 Million		$3.0 to $4.9 Million		$1.5 to $2.9 Million		Under $1.5 Million		Total
As of March 31, 2012
Amount:
Commercial	$	—	$	14,164	$	7,737	$	5,751	$	12,534	$	40,186
Commercial real estate		77,770		19,374		11,493		25,689		24,929		159,255
Construction		—		—		—		—		2,781		2,781
Residential real estate		—		—		4,789		—		7,280		12,069
Personal and home equity		—		5,827		—		1,615		11,489		18,931
Total	$	77,770	$	39,365	$	24,019	$	33,055	$	59,013	$	233,222
Number of borrowers:
Commercial		—		2		2		3		35		42
Commercial real estate		5		3		3		12		48		71
Construction		—		—		—		—		6		6
Residential real estate		—		—		1		—		20		21
Personal and home equity		—		1		—		1		31		33
Total		5		6		6		16		140		173
As of December 31, 2011
Amount:
Commercial	$	30,226	$	16,820	$	3,448	$	3,434	$	12,030	$	65,958
Commercial real estate		56,969		10,257		15,740		21,549		28,742		133,257
Construction		12,490		—		4,760		1,547		3,082		21,879
Residential real estate		—		—		4,789		2,473		7,327		14,589
Personal and home equity		—		7,108		—		3,795		13,266		24,169
Total	$	99,685	$	34,185	$	28,737	$	32,798	$	64,447	$	259,852
Number of borrowers:
Commercial		2		2		1		2		39		46
Commercial real estate		4		2		4		10		56		76
Construction		1		—		1		1		5		8
Residential real estate		—		—		1		1		19		21
Personal and home equity		—		1		—		2		37		40
Total		7		5		7		16		156		191

Restructured Loans Accruing Interest Stratification

	$10.0 Million or More		$5.0 to $9.9 Million		$3.0 to $4.9 Million		$1.5 to $2.9 Million		Under $1.5 Million		Total
As of March 31, 2012
Amount:
Commercial	$	55,205	$	20,050	$	3,259	$	—	$	4,155	$	82,669
Commercial real estate		20,576		5,178		—		7,217		4,586		37,557
Construction		—		—		—		—		—		—
Residential real estate		—		—		—		—		1,115		1,115
Personal and home equity		12,593		—		—		—		2,587		15,180
Total	$	88,374	$	25,228	$	3,259	$	7,217	$	12,443	$	136,521
Number of borrowers:
Commercial		4		3		1		—		10		18
Commercial real estate		1		1		—		3		9		14
Construction		—		—		—		—		—		—
Residential real estate		—		—		—		—		4		4
Personal and home equity		1		—		—		—		4		5
Total		6		4		1		3		27		41
As of December 31, 2011
Amount:
Commercial	$	15,279	$	19,065	$	4,331	$	—	$	3,894	$	42,569
Commercial real estate		21,273		10,364		—		4,944		4,767		41,348
Construction		—		—		—		—		—		—
Residential real estate		—		—		—		2,213		1,025		3,238
Personal and home equity		12,691		—		—		—		1,063		13,754
Total	$	49,243	$	29,429	$	4,331	$	7,157	$	10,749	$	100,909
Number of borrowers:
Commercial		1		3		1		—		10		15
Commercial real estate		1		2		—		2		10		15
Construction		—		—		—		—		—		—
Residential real estate		—		—		—		1		2		3
Personal and home equity		1		—		—		—		2		3
Total		3		5		1		3		24		36

(1) Refer to Glossary of Terms for definition.

Foreclosed Real Estate (OREO), excluding covered assets(1)
Unaudited
(Dollars in thousands)

OREO Properties by Type

	March 31, 2012							December 31, 2011
	Number of				% of			Number of				% of
	Properties		Amount		Total			Properties		Amount		Total
Single-family homes		69	$	21,074		17	%		71	$	26,866		21	%
Land parcels		260		49,706		40	%		262		51,465		41	%
Multi-family		13		4,665		4	%		14		3,327		3	%
Office/industrial		47		39,983		32	%		44		37,019		29	%
Retail		11		8,070		7	%		9		7,052		6	%
Total		400	$	123,498		100	%		400	$	125,729		100	%

OREO Property Type by Location

										South			Mid
	Illinois			Georgia			Michigan			Eastern (2)			Western (3)			Other			Total
March 31, 2012
Single-family homes	$	18,497		$	—		$	1,718		$	—		$	618		$	241		$	21,074
Land parcels		27,487			3,438			2,137			9,568			7,076			—			49,706
Multi-family		1,335			—			—			460			2,870			—			4,665
Office/industrial		19,670			1,058			1,197			6,411			8,253			3,394			39,983
Retail		4,872			2,262			936			—			—			—			8,070
Total	$	71,861		$	6,758		$	5,988		$	16,439		$	18,817		$	3,635		$	123,498
% of Total		58	%		6	%		5	%		13	%		15	%		3	%		100	%
December 31, 2011
Single-family homes	$	23,277		$	385		$	1,718		$	—		$	608		$	878		$	26,866
Land parcels		29,370			2,898			3,171			9,568			6,458			—			51,465
Multi-family		3,327			—			—			—			—			—			3,327
Office/industrial		18,430			1,656			548			3,762			9,228			3,395			37,019
Retail		4,501			1,615			936			—			—			—			7,052
Total	$	78,905		$	6,554		$	6,373		$	13,330		$	16,294		$	4,273		$	125,729
% of Total		63	%		5	%		5	%		11	%		13	%		3	%		100	%

(1) Refer to Glossary of Terms for definition.

(2) Represents the southeastern states of Arkansas and Florida.

(3) Represents the midwestern states of Kansas, Missouri, Wisconsin, Indiana and Ohio.

Allowance for Loan Losses (excluding covered assets⁽¹⁾)   Unaudited   (Dollars in thousands)  

	1Q12			4Q11			3Q11			2Q11			1Q11
Change in allowance for loan losses:
Balance at beginning of period	$	191,594		$	200,041		$	206,286		$	218,237		$	222,821
Loans charged-off:
Commercial	$	(9,549	)	$	(12,991	)	$	(5,039	)	$	(10,512	)	$	(4,200	)
Commercial real estate		(25,280	)		(24,083	)		(29,920	)		(25,402	)		(29,409	)
Construction		(1,245	)		(1,526	)		(1,419	)		(8,275	)		(62	)
Residential real estate		(1,084	)		(1,203	)		(234	)		(186	)		(386	)
Home equity		(483	)		(1,340	)		(3,291	)		(508	)		(1,447	)
Personal		(2,085	)		(290	)		(2,083	)		(434	)		(6,787	)
Total charge-offs		(39,726	)		(41,433	)		(41,986	)		(45,317	)		(42,291	)
Recoveries on loans previously charged-off:
Commercial	$	1,679		$	830		$	2,278		$	707		$	465
Commercial real estate		1,882			1,410			969			511			272
Construction		41			109			29			56			97
Residential real estate		11			10			9			40			2
Home equity		26			300			12			15			10
Personal		702			544			103			312			155
Total recoveries		4,341			3,203			3,400			1,641			1,001
Net charge-offs		(35,385	)		(38,230	)		(38,586	)		(43,676	)		(41,290	)
Provisions charged to operating expense		27,635			29,783			32,341			31,725			36,706
Balance at end of period	$	183,844		$	191,594		$	200,041		$	206,286		$	218,237
Allocation of allowance for loan losses:
General allocated reserve:
Commercial	$	45,850		$	46,500		$	45,000		$	46,000		$	50,250
Commercial real estate		57,750			56,000			60,000			67,000			75,500
Construction		1,900			7,650			10,450			9,600			12,900
Residential real estate		5,400			5,400			5,800			5,400			4,425
Home equity		4,700			2,750			3,500			3,500			3,425
Personal		3,295			3,350			3,100			3,100			3,325
Total allocated	$	118,895		$	121,650		$	127,850		$	134,600		$	149,825
Specific reserve		64,949			69,944			72,191			71,686			68,412
Total	$	183,844		$	191,594		$	200,041		$	206,286		$	218,237
Allocation of reserve by a percent of total allowance for loan losses:
General allocated reserve:
Commercial		25	%		24	%		22	%		22	%		23	%
Commercial real estate		31	%		29	%		30	%		32	%		35	%
Construction		1	%		4	%		5	%		5	%		6	%
Residential real estate		3	%		3	%		3	%		3	%		2	%
Home equity		3	%		1	%		2	%		2	%		2	%
Personal		2	%		2	%		2	%		2	%		2	%
Total allocated		65	%		63	%		64	%		66	%		70	%
Specific reserve		35	%		37	%		36	%		34	%		30	%
Total		100	%		100	%		100	%		100	%		100	%
Allowance for loan losses to:
Total loans		1.99	%		2.13	%		2.31	%		2.38	%		2.41	%
Nonperforming loans		79	%		74	%		66	%		62	%		61	%

(1) Refer to Glossary of Terms for definition.

Deposits   (Dollars in thousands)  

			% of					% of					% of					% of					% of
	03/31/12		Total			12/31/11		Total			09/30/11		Total			06/30/11		Total			03/31/11		Total
	unaudited					audited					unaudited					unaudited					unaudited
Noninterest-bearing deposits	$	3,054,536		29	%	$	3,244,307		31	%	$	2,832,481		28	%	$	2,527,230		25	%	$	2,438,709		23	%
Interest-bearing demand deposits		714,522		7	%		595,238		6	%		611,293		6	%		531,107		5	%		540,215		5	%
Savings deposits		225,300		2	%		210,138		2	%		214,610		2	%		202,427		2	%		203,550		2	%
Money market accounts		4,122,532		40	%		4,168,082		40	%		4,178,087		41	%		4,294,870		42	%		4,627,703		44	%
Brokered deposits:
Traditional		191,023		2	%		20,499		*			60,665		1	%		277,628		3	%		455,473		4	%
Client CDARS (1)		695,458		6	%		795,452		8	%		841,337		8	%		956,094		9	%		888,676		8	%
Non-client CDARS (1)		75,000		1	%		—		—			—		—			108,700		1	%		123,047		1	%
Total brokered deposits		961,481		9	%		815,951		8	%		902,002		9	%		1,342,422		13	%		1,467,196		13	%
Time deposits		1,344,341		13	%		1,359,138		13	%		1,370,190		14	%		1,336,212		13	%		1,348,603		13	%
Total deposits	$	10,422,712		100	%	$	10,392,854		100	%	$	10,108,663		100	%	$	10,234,268		100	%	$	10,625,976		100	%
Client deposits (1)	$	10,156,689		97	%	$	10,372,355		100	%	$	10,047,998		99	%	$	9,847,940		96	%	$	10,047,456		95	%

* Less than 1%.

.

(1) Refer to Glossary of Terms for definition.

Net Interest Margin   Unaudited   (Dollars in thousands)  

	Three Months Ended March 31,
	2012								2011
	Average Balance			Interest(1)		Yield/ Rate			Average Balance			Interest(1)		Yield/ Rate
Assets:
Federal funds sold and other short-term investments	$	211,343		$	132		0.25	%	$	517,641		$	336		0.26	%
Securities:
Taxable		2,097,422			15,380		2.93	%		1,734,347			15,390		3.55	%
Tax-exempt(2)		152,412			1,980		5.20	%		149,260			2,276		6.10	%
Total securities		2,249,834			17,360		3.09	%		1,883,607			17,666		3.75	%
Loans, excluding covered assets:
Commercial		5,443,925			63,910		4.64	%		5,021,733			57,746		4.60	%
Commercial real estate		2,598,139			27,715		4.22	%		2,842,014			29,929		4.21	%
Construction		279,343			2,611		3.70	%		516,609			4,885		3.78	%
Residential		338,144			3,619		4.28	%		329,050			3,785		4.60	%
Personal and home equity		411,152			3,732		3.65	%		466,719			4,065		3.53	%
Total loans, excluding covered assets(3)		9,070,703			101,587		4.44	%		9,176,125			100,410		4.38	%
Total interest-earning assets before covered assets (2)		11,531,880			119,079		4.10	%		11,577,373			118,412		4.09	%
Covered assets(4)		264,619			1,952		2.93	%		353,378			5,237		5.94	%
Total interest-earning assets (2)		11,796,499		$	121,031		4.07	%		11,930,751		$	123,649		4.15	%
Cash and due from banks		141,317								171,007
Allowance for loan and covered loan losses		(224,071	)							(250,067	)
Other assets		731,771								656,053
Total assets	$	12,445,516							$	12,507,744
Liabilities and Equity:
Interest-bearing demand deposits	$	654,791		$	636		0.39	%	$	599,357		$	642		0.43	%
Savings deposits		218,145			156		0.29	%		197,501			200		0.41	%
Money market accounts		4,199,855			4,446		0.43	%		4,664,227			6,462		0.56	%
Time deposits		1,352,361			3,933		1.17	%		1,379,197			4,518		1.33	%
Brokered deposits		811,069			1,084		0.54	%		1,478,171			2,174		0.66	%
Total interest-bearing deposits		7,236,221			10,255		0.57	%		8,318,453			13,996		0.68	%
Short-term borrowings		265,205			142		0.21	%		114,957			827		2.88	%
Long-term debt		379,793			5,578		5.85	%		411,960			5,483		5.32	%
Total interest-bearing liabilities		7,881,219			15,975		0.81	%		8,845,370			20,306		0.93	%
Noninterest-bearing demand deposits		3,054,679								2,264,100
Other liabilities		194,262								157,634
Equity		1,315,356								1,240,640
Total liabilities and equity	$	12,445,516							$	12,507,744
Net interest spread(2) (5)							3.26	%							3.22	%
Effect of noninterest-bearing funds							0.27	%							0.24	%
Net interest income/margin(2) (5) (6)				$	105,056		3.53	%				$	103,343		3.46	%

(1) Interest income included $7.2 million and $5.9 million in loan fees for the three months ended March 31, 2012 and 2011, respectively.

(2) Interest income and yields are presented on a tax-equivalent basis, assuming a federal income tax rate of 35%. This is a non-U.S. GAAP financial measure. Refer to Non-U.S. GAAP Financial Measures for a reconciliation of the effect of the tax-equivalent adjustment.

(3) Average loans on a nonaccrual basis for the recognition of interest income totaled $256.8 million and $377.3 million for the three months ended March 31, 2012 and 2011, respectively, and are included in loans for purposes of this analysis. Interest foregone on impaired loans was estimated to be approximately $2.8 million and $4.0 million for the three months ended March 31, 2012 and 2011, respectively, and was based on the average loan portfolio yield for the respective period.

(4) Covered interest-earning assets consist of loans acquired through an FDIC-assisted transaction that are subject to a loss share agreement and the related indemnification asset.

(5) Refer to Glossary of Terms for definition.

(6) For the three months ended March 31, 2011, accretion related to covered assets contributed to net interest margin by 5 basis points. For the three months ended March 31, 2012 there was a 3 basis point negative impact.

Note: Prior period net interest margin computations were modified to conform with the current period presentation.

Net Interest Margin   Unaudited   (Dollars in thousands)  

	Three Months Ended March 31,								Three Months Ended December 31,
	2012								2011
	Average Balance			Interest(1)		Yield/ Rate			Average Balance			Interest(1)		Yield/ Rate
Assets:
Federal funds sold and other short-term investments	$	211,343		$	132		0.25	%	$	334,758		$	215		0.25	%
Securities:
Taxable		2,097,422			15,380		2.93	%		2,064,044			15,263		2.96	%
Tax-exempt(2)		152,412			1,980		5.20	%		141,405			1,944		5.49	%
Total securities		2,249,834			17,360		3.09	%		2,205,449			17,207		3.12	%
Loans, excluding covered assets:
Commercial		5,443,925			63,910		4.64	%		5,320,119			62,775		4.62	%
Commercial real estate		2,598,139			27,715		4.22	%		2,493,296			27,224		4.27	%
Construction		279,343			2,611		3.70	%		302,632			2,920		3.78	%
Residential		338,144			3,619		4.28	%		344,002			3,450		4.01	%
Personal and home equity		411,152			3,732		3.65	%		416,873			3,784		3.60	%
Total loans, excluding covered assets(3)		9,070,703			101,587		4.44	%		8,876,922			100,153		4.42	%
Total interest-earning assets before covered assets (2)		11,531,880			119,079		4.10	%		11,417,129			117,575		4.05	%
Covered assets(4)		264,619			1,952		2.93	%		279,612			2,744		3.85	%
Total interest-earning assets (2)		11,796,499		$	121,031		4.07	%		11,696,741		$	120,319		4.04	%
Cash and due from banks		141,317								154,163
Allowance for loan and covered loan losses		(224,071	)							(220,356	)
Other assets		731,771								700,647
Total assets	$	12,445,516							$	12,331,195
Liabilities and Equity:
Interest-bearing demand deposits	$	654,791		$	636		0.39	%	$	599,273		$	585		0.39	%
Savings deposits		218,145			156		0.29	%		210,577			167		0.32	%
Money market accounts		4,199,855			4,446		0.43	%		4,253,934			4,690		0.44	%
Time deposits		1,352,361			3,933		1.17	%		1,369,150			4,054		1.17	%
Brokered deposits		811,069			1,084		0.54	%		893,860			1,507		0.67	%
Total interest-bearing deposits		7,236,221			10,255		0.57	%		7,326,794			11,003		0.60	%
Short-term borrowings		265,205			142		0.21	%		55,206			152		1.08	%
Long-term debt		379,793			5,578		5.85	%		379,793			5,511		5.76	%
Total interest-bearing liabilities		7,881,219			15,975		0.81	%		7,761,793			16,666		0.85	%
Noninterest-bearing demand deposits		3,054,679								3,101,145
Other liabilities		194,262								170,546
Equity		1,315,356								1,297,711
Total liabilities and equity	$	12,445,516							$	12,331,195
Net interest spread(2) (5)							3.26	%							3.19	%
Effect of noninterest-bearing funds							0.27	%							0.29	%
Net interest income/margin(2) (5) (6)				$	105,056		3.53	%				$	103,653		3.48	%

(1) Interest income included $7.2 million and $6.5 million in loan fees for the three months ended March 31, 2012 and December 31, 2011, respectively.

(2) Interest income and yields are presented on a tax-equivalent basis, assuming a federal income tax rate of 35%. This is a non-U.S. GAAP financial measure. Refer to Non-U.S. GAAP Financial Measures for a reconciliation of the effect of the tax-equivalent adjustment.

(3) Average loans on a nonaccrual basis for the recognition of interest income totaled $256.8 million and $291.1 million for the three months ended March 31, 2012 and December 31, 2011, respectively, and are included in loans for purposes of this analysis. Interest foregone on impaired loans was estimated to be approximately $2.8 million and $3.2 million for the three months ended March 31, 2012 and December 31, 2011, respectively, and was based on the average loan portfolio yield for the respective period.

(4) Covered interest-earning assets consist of loans acquired through an FDIC-assisted transaction that are subject to a loss share agreement and the related indemnification asset.

(5) Refer to Glossary of Terms for definition.

(6) For the three months ended March 31, 2012, accretion related to covered assets decreased net interest margin by 3 basis points. There was no benefit to net interest margin for the three months ended December 31, 2011.

Non-U.S. GAAP Financial Measures   Unaudited   (Amounts in thousands)

This press release contains both financial measures based on accounting principles generally accepted in the United States (U.S. GAAP) and non-U.S. GAAP based financial measures. These non-U.S. GAAP measures include net interest income, net interest margin, net revenue, operating profit and efficiency ratio all on a fully taxable-equivalent basis; tier 1 common equity to risk-weighted assets, tangible equity to tangible assets, tangible equity to risk-weighted assets, tangible common equity to tangible assets, and tangible book value. We believe that presenting these non-U.S. GAAP financial measures will provide information useful to investors in understanding our underlying operational performance, our business, and performance trends and facilitates comparisons with the performance of others in the banking industry.

We use net interest income on a taxable-equivalent basis in calculating various performance measures by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments assuming a 35% tax rate. Management believes this measure to be the preferred industry measurement of net interest income as it enhances comparability to net interest income arising from taxable and tax-exempt sources, and accordingly believes that providing this measure may be useful for peer comparison purposes.

We also consider various measures when evaluating capital utilization and adequacy, including tier 1 common equity to risk-weighted assets, tangible equity to tangible assets, tangible equity to risk-weighted assets, tangible common equity to tangible assets, and tangible book value. These calculations are intended to complement the capital ratios defined by banking regulators for both absolute and comparative purposes. All of these measures exclude from capital the ending balances of goodwill and other intangibles while certain of these ratios exclude preferred capital components. Because U.S. GAAP does not include capital ratio measures, we believe there are no comparable U.S. GAAP financial measures to these ratios. We believe these non-U.S. GAAP financial measures are relevant because they provide information that is helpful in assessing the level of capital available to withstand unexpected market conditions. Additionally, presentation of these measures allows readers to compare certain aspects of our capitalization to other companies. However, because there are no standardized definitions for these ratios, our calculations may not be comparable with other companies, and the usefulness of these measures to investors may be limited.

Non-U.S. GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although these non-U.S. GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools, and should not be considered in isolation or as a substitute for analyses of results as reported under U.S. GAAP. As a result, we encourage readers to consider our Consolidated Financial Statements in their entirety and not to rely on any single financial measure. The following table reconciles Non-U.S. GAAP financial measures to U.S. GAAP:

	Quarters Ended
	1Q12			4Q11			3Q11			2Q11			1Q11
Taxable-equivalent interest income
U.S. GAAP net interest income	$	104,376		$	102,982		$	101,089		$	100,503		$	102,553
Taxable-equivalent adjustment		680			671			680			716			790
Taxable-equivalent net interest income(a)	$	105,056		$	103,653		$	101,769		$	101,219		$	103,343
Average Earning Assets(b)	$	11,796,499		$	11,696,741		$	11,446,323		$	11,916,038		$	11,930,751
Net Interest Margin((a) annualized) / (b)		3.53	%		3.48	%		3.49	%		3.36	%		3.46	%
Net Revenue
Taxable-equivalent net interest income(a)	$	105,056		$	103,653		$	101,769		$	101,219		$	103,343
U.S. GAAP non-interest income		27,504			25,393			27,635			21,592			23,627
Net revenue	$	132,560		$	129,046		$	129,404		$	122,811		$	126,970
Operating Profit
U.S. GAAP income before income taxes	$	23,950		$	20,534		$	21,075		$	15,338		$	13,253
Provision for loan and covered loan losses		27,701			31,611			32,615			31,093			37,578
Taxable-equivalent adjustment		680			671			680			716			790
Operating profit	$	52,331		$	52,816		$	54,370		$	47,147		$	51,621
Efficiency Ratio
U.S. GAAP non-interest expense(c)	$	80,229		$	76,230		$	75,034		$	75,664		$	75,349
Taxable-equivalent net interest income(a)	$	105,056		$	103,653		$	101,769		$	101,219		$	103,343
U.S. GAAP non-interest income		27,504			25,393			27,635			21,592			23,627
Net revenue(d)	$	132,560		$	129,046		$	129,404		$	122,811		$	126,970
Efficiency ratio(c)/(d)		60.52	%		59.07	%		57.98	%		61.61	%		59.34	%

Non-U.S. GAAP Financial Measures (continued)   Unaudited   (Amounts in thousands, except per share data)

	Quarters Ended
	1Q12			4Q11			3Q11			2Q11			1Q11
Tier 1 Common Capital
U.S. GAAP total equity	$	1,312,154		$	1,296,752		$	1,286,176		$	1,260,648		$	1,238,132
Trust preferred securities		244,793			244,793			244,793			244,793			244,793
Less: accumulated other comprehensive income, net of tax		47,152			46,697			46,051			32,535			19,121
Less: disallowed deferred tax assets		—			—			—			—			—
Less: goodwill		94,559			94,571			94,584			94,596			94,609
Less: other intangibles		14,683			15,353			15,715			16,089			16,464
Tier 1 risk-based capital		1,400,553			1,384,924			1,374,619			1,362,221			1,352,731
Less: preferred stock		240,791			240,403			240,020			239,642			239,270
Less: trust preferred securities		244,793			244,793			244,793			244,793			244,793
Less: noncontrolling interests		—			—			—			163			105
Tier 1 common capital(e)	$	914,969		$	899,728		$	889,806		$	877,623		$	868,563
Tangible Common Equity
U.S. GAAP total equity	$	1,312,154		$	1,296,752		$	1,286,176		$	1,260,648		$	1,238,132
Less: goodwill		94,559			94,571			94,584			94,596			94,609
Less: other intangibles		14,683			15,353			15,715			16,089			16,464
Tangible equity(f)		1,202,912			1,186,828			1,175,877			1,149,963			1,127,059
Less: preferred stock		240,791			240,403			240,020			239,642			239,270
Tangible common equity(g)	$	962,121		$	946,425		$	935,857		$	910,321		$	887,789
Tangible Assets
U.S. GAAP total assets	$	12,623,164		$	12,416,870		$	12,019,861		$	12,115,377		$	12,497,442
Less: goodwill		94,559			94,571			94,584			94,596			94,609
Less: other intangibles		14,683			15,353			15,715			16,089			16,464
Tangible assets(h)	$	12,513,922		$	12,306,946		$	11,909,562		$	12,004,692		$	12,386,369
Risk-weighted Assets(i) (1)	$	11,374,212		$	11,191,298		$	10,665,256		$	10,518,850		$	10,903,625
Period-end Common Shares Outstanding(j)		72,415			71,745			71,789			71,808			71,428
Ratios:
Tier 1 common equity to risk-weighted assets (e) / (i) (1)		8.04	%		8.04	%		8.34	%		8.34	%		7.97	%
Tangible equity to tangible assets(f) / (h)		9.61	%		9.64	%		9.87	%		9.58	%		9.10	%
Tangible equity to risk-weighted assets(f) / (i)(1)		10.58	%		10.60	%		11.03	%		10.93	%		10.34	%
Tangible common equity to tangible assets(g) / (h)		7.69	%		7.69	%		7.86	%		7.58	%		7.17	%
Tangible book value(g) / (j)	$	13.29		$	13.19		$	13.04		$	12.68		$	12.43

Glossary of Terms

Assets under management and administration (“AUMA”)—Assets held in trust where we serve as trustee or in accounts where we make investment decisions on behalf of clients. AUMA also includes non-managed assets we hold in custody for clients or for which we receive fees for advisory or brokerage services. We do not include these assets on our Consolidated Balance Sheets.

Book value—Total common equity divided by outstanding shares of common stock at end of period.

CDARS^® deposit program—is a deposit services arrangement that effectively achieves FDIC deposit insurance for jumbo deposit relationships. These deposits are classified as brokered deposits for regulatory reporting purposes; however, we classify these deposits as client CDARS^® due to the source being our client relationships and are, therefore, not traditional ‘brokered’ deposits. We also participate in a non-client CDARS^® program that is more like a traditional brokered deposit program in that our relationship is not with the underlying depositor.

Client deposits—Total deposits less brokered deposits plus client CDARS^®.

Common equity—Total equity less preferred stock.

Covered assets—Assets acquired through an FDIC-assisted transaction that are subject to a loss share agreement and are presented separately on the Consolidated Balance Sheets.

Credit quality indicators—The Company has adopted an internal risk rating policy in which each loan is rated for credit quality with a numerical rating of 1 through 8. Loans rated 5 and better (1-5 ratings, inclusive) are credits that exhibit acceptable financial performance, cash flow, and leverage. If any risk exists, we attempt to mitigate by structure, collateral, monitoring, or other meaningful controls. Credits rated 6 are considered special mention as these credits demonstrate potential weakness and that if left unresolved, may result in deterioration in the Company’s credit position and/or the repayment prospects for the credit. Borrowers rated special mention may exhibit adverse operating trends, high leverage, tight liquidity or other credit concerns. Potential problem loans have a risk rating of 7 and are considered inadequately protected by the current net worth and paying capacity of the obligor, the collateral pledged, or guarantors. These loans generally have a well defined weakness or weaknesses that may jeopardize liquidation of the debt and are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not resolved. Nonperforming loans include nonaccrual loans risk rated 7 or 8 and have all the weaknesses inherent in a 7-rated potential problem loan with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Special mention, potential problem and nonperforming loans are reviewed at minimum on a quarterly basis, while all other rated credits are reviewed as the situation warrants.

Credit valuation adjustment (“CVA”)—An adjustment may need to be incorporated into the valuation of derivative instruments for nonperformance risk to include the counterparty’s credit risk and the Company’s own credit risk. This adjustment is referred to as the CVA. The CVA represents the credit component of fair value with regard to both client-based trades and the related matched trades with interbank dealer counterparties.

Efficiency ratio—Total non-interest expense divided by the sum of net interest income on a tax equivalent basis and non-interest income. This is a non-U.S. GAAP financial measure.

Fee revenue as percent of total revenue ratio—Total non-interest income less net securities gains (losses) divided by the sum of net interest income and non-interest income less net securities gains (losses).

U.S. GAAP—Accounting principles generally accepted in the United States of America.

Net interest margin—Expressed as a percentage, net interest margin is a ratio computed as annualized taxable-equivalent net interest income divided by average interest-earning assets. The annualization of net interest income for the quarterly yield takes into consideration the interest payment convention at the product level. This is a non-U.S. GAAP financial measure.

Net interest spread—The difference between the average yield earned on interest-earning assets on a taxable-equivalent basis and the average rate paid for interest-bearing liabilities.

Net overhead ratio—Total non-interest expense less non-interest income divided by average total assets.

Net revenue—The sum of taxable equivalent net interest income and non-interest income. This is a non-U.S. GAAP financial measure.

Non-U.S. GAAP—Certain financial measures within this document that are not formally defined by U.S. GAAP or codified in the federal banking regulations. A reconciliation of these non-U.S. GAAP financial measures may be found on the previous pages.

Operating profit—The sum of U.S. GAAP income before income taxes, provision for loan and covered loan losses and taxable-equivalent adjustment. This is a non-U.S. GAAP financial measure.

Risk-weighted assets—Computed by the assignment of specific risk-weights (as defined by the Board of Governors of the Federal Reserve System) to assets and off-balance sheet instruments.

Tangible book value—Total common equity less goodwill and other intangibles divided by outstanding shares of common stock at end of period. This is a non-U.S. GAAP financial measure.

Tangible common equity to tangible assets ratio—Tangible common equity divided by tangible assets, where tangible common equity equals total equity less preferred stock, goodwill and other intangible assets and tangible assets equals total assets less goodwill and other intangible assets. This is a non-U.S. GAAP financial measure.

Glossary of Terms (continued)

Taxable-equivalent interest income—The interest income earned on certain assets is completely or partially exempt from Federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of yields and margins for all interest-earning assets, we use interest income on a taxable-equivalent basis in calculating average yields and net interest margins by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on other taxable investments. This adjustment is not permitted under U.S. GAAP on the Consolidated Income Statement.

Tier 1 common capital—Tier 1 risk-based capital, less preferred equity, less trust preferred capital securities, and less noncontrolling interests.

Tier 1 common capital ratio—Tier 1 common capital divided by period-end risk-weighted assets. This is a non-U.S. GAAP financial measure.

Tier 1 risk-based capital—Total equity, plus trust preferred capital securities, plus certain noncontrolling interests that are held by others; less goodwill and certain other intangible assets, less equity investments in nonfinancial companies, less ineligible servicing assets, less disallowed deferred tax assets and less net unrealized holding gains (losses) on available for sale equity securities, available for sale debt securities, and cash flow hedge derivatives.

Tier 1 risk-based capital ratio—Tier 1 risk-based capital divided by period-end risk-weighted assets.

Leverage ratio—Tier 1 risk-based capital divided by adjusted average total assets.

Total risk-based capital—Tier 1 risk-based capital plus qualifying subordinated debt, other noncontrolling interest not qualified as Tier 1, eligible gains on available-for-sale equity securities and the allowance for loan and lease losses, subject to certain limitations.

Total risk-based capital ratio—Total risk-based capital divided by period-end risk-weighted assets.

Transformational and legacy portfolios—We aggregate loans by originating line of business for reserve purposes because of observable similarities in the performance experience of loans underwritten by the business units. Loans originated by the business units that existed prior to the strategic changes in 2007 are considered “legacy” loans. Loans originated by a business unit that was established in connection with or following the business transformation plan are considered “transformational” loans. Renewals or restructurings of legacy loans may continue to be evaluated as legacy loans depending on the structure or defining characteristics of the new transaction. The Company has implemented a line of business model that has reorganized the legacy business units so that after 2009, all new loan originations are considered transformational.