MB Financial announced Q4/15 net income available to common stockholders of $41.6 million compared to $34.1 million in Q4/14. Annual net income for 2015 was $150.9 million compared to $82.1 million for 2014.

The following highlights were excerpted from the news release:

• Net interest income of $492.7 million was up 31.6% from $374.4 million a year earlier.
• The net interest margin for the year ended December 31, 2015 was 3.84%, up from 3.77% a year earlier.
• Lease financing noninterest income for the year ended December 31, 2015 was $76.6 million, up 19% from $64.3 million a year earlier. MB noted the increase was due to higher fees and promotional revenue from the sale of third-party equipment maintenance contracts and higher lease residual realization.
• Commercial loans collateralized by lease payment assignments at year-end 2015 of $1.78 billion were up 5.3% from $1.69 billion a year earlier.
• The average balance of commercial loans collateralized by lease payment assignments for the year ended December 31, 2015 was $1.667 billion, up from $1.541 billion a year earlier. The reported yield for the period was 3.73% compared to 3.82% a year earlier. Full year 2015 interest earned was $62.2 million, up from $59.0 million a year earlier.
• Lease investments of $211.7 million at year-end 2015 were up 30% from $162.8 million at the end of the same period a year earlier.
• The leasing segment generates its revenue through lease originations and related services offered the company’s leasing subsidiaries: LaSalle Systems Leasing, Celtic Leasing and MB Equipment Finance.