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MB FINANCIAL INC /MD

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2018 10-K, filed Mar 1, 2019. Its latest SEC filing is a SC 13G/A from Apr 10, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Provides banking and lending services to small and middle-market businesses and individuals, and leases equipment to companies and health care providers.

How Did They Make Money?

It earns interest from loans and other assets and pays interest on deposits and other funds it uses; it also earns fees from leasing, mortgage, treasury management, wealth management, cards and other services.

revenue

Who Were Their Customers?

Small and middle-market businesses and individuals use its banking and wealth services; companies and health care providers lease equipment from it. Retail customers access services through branches and online or mobile channels, while card programs are offered through company sponsors.

Did Revenues Turn Into Profits?

Yes. Its net income in was larger than its revenue.

Net income,
790% of revenue
▼ −30% vs ($304M, 1024%)

How Were They Changing?

Since the FY2018 annual report
  • Mar 22, 2019 Fifth Third completed its acquisition of MB Financial MB Financial became a Fifth Third subsidiary, and its common shares were converted into Fifth Third shares and cash.

Shrank. Revenue fell 93% in 4 years, from $375.1M in to $27.1M in , about 48% a year.

Mortgage origination narrowed The older report describes residential mortgage originations through retail and third-party channels and branches; the latest report says national originations were discontinued, with lending continuing in the Chicago area and servicing retained.

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