MidFirst Bank Reports 2012 Year-End Earnings Increase of 7 Percent

February 12, 2013

PHOENIX – MidFirst Bank, Arizona's largest privately owned bank, reported year-end earnings of $275 million compared to $257 million in 2011, a 7 percent increase. Fourth quarter earnings of $81 million exceeded the prior year's fourth quarter by 42 percent. "Strong customer service has continued to differentiate MidFirst Bank in 2012, which was our best retail transactional growth year yet, at 18 percent," said Jeff Records, chairman and CEO. "We hope to maintain the pace and show similar success in our lending group in 2013."

MidFirst Bank's regulatory capital and reserves of $1.5 billion represent a $7.9 million increase over 2011. The bank's core capital ratio increased from 13.56 percent to a record 13.76 percent during 2012.