September 30 , 2013
Media Contact Josh Merkin rbb PR email@example.com (305) 967-6667
SABADELL UNITED BANK REPORTS $25.8 MILLION IN NET INCOME FOR THIRD QUARTER OF 2013 MIAMI — September 30th, 2013 — Sabadell United Bank today reported a net profit of $25.8 million for the third quarter ended September 30, President and CEO Mario Trueba announced. This figure includes a one-time benefit attributable to a tax basis change that the bank recorded this quarter. Sabadell United Bank reported $3.77 billion in assets as of September 30, while maintaining a high liquidity level. During the third quarter, the loans and deposits of the bank grew by $96 million and $157 million, respectively. The bank’s third-quarter Tier 1 risk-based capital ratio was 17.25 percent and its Tier 1 to average assets ratio was 11.29 percent, well above the FDIC standards for a well-capitalized bank of 6.00 and 5.00 percent, respectively. “Our third quarter results were positive, characterized by strong new business wins across the bank and continued robust capital ratios,” said Mario Trueba, President and CEO. He added, “we look forward to finishing the year with a solid fourth quarter.” Sabadell United Bank is a locally-managed, nationally-chartered banking institution with 23 locations throughout Florida, serving more than 35,000 clients. It is recognized as the trusted financial advisor for professionals and businesses as well as domestic and international high-net-worth individuals. Sabadell consistently ranks as one of the most well capitalized banks in the state. The bank’s devotion to its clients is matched by its commitment to the community which is visible through its extensive charitable and civic involvement.