MB Financial announced Q1/16 net income available to common stockholders of $37.1 million compared to $32.1 million in the first quarter a year ago. MB noted net income from its leasing segment of $5.5 billion was up 17% from $4.7 million a year earlier.

The following highlights were excerpted from the news release:

• Net interest margin on a fully tax equivalent basis, excluding accretion on loans acquired in the Taylor Capital merger, was 3.55% compared to 3.62% in Q1/15.
• Lease financing revenues, net in Q1/16 was $19.0 million, down from $25.1 million in Q1/15. MB noted the decrease was due to lower fees from the sale of third-party equipment maintenance contracts.
• Leasing net interest income of $2.4 million in Q1/16 was down from $2.7 million in the same quarter a year ago.
• Average commercial loans collateralized by lease payment assignments in Q1 were $1.755 billion, up from $1.648 million a year earlier. The average yield of 3.78% was up from 3.75% in Q1/15.

MB Financial’s leasing segment encompasses subsidiaries LaSalle Systems Leasing, Celtic Leasing and MB Equipment Finance.