LOS ANGELES--(BUSINESS WIRE)--Jan. 19, 2006--Announcing its 10thstraight year of record earnings, City National Corporation (NYSE:CYN), the parent company of wholly owned City National Bank, todayreported 2005 net income of $235 million, or $4.60 per share. Netincome and earnings per share both grew 14 percent from 2004.

City National also announced that its Board of Directors hasincreased the company's annual common stock cash dividend to $1.64 pershare, up 14 percent from the $1.44 per share previously paid. Adividend of $0.41 per share will be payable on February 15, 2006, tostockholders of record on February 1, 2006.

This is the 12th consecutive year in which City NationalCorporation has increased its dividend.

 2005 FINANCIAL HIGHLIGHTS - Revenue increased 12 percent from 2004. - Average loan balances grew 9 percent to $8.9 billion. - Average deposits totaled $11.8 billion, up 4 percent from 2004. - City National's net interest margin averaged 4.79 percent in 2005, increasing from 4.54 percent the previous year. - Credit quality continued to improve. Nonaccrual loans fell 58 percent year over year to 0.16 percent of the total loan portfolio. The company required no provision for credit losses, remaining adequately reserved at 1.66 percent of total loans.

"Strong loan growth, sound asset quality, an exceptional depositbase and an expanding net interest margin and wealth managementbusiness contributed to another record performance in 2005," saidChief Executive Officer Russell Goldsmith. "Reflecting theeffectiveness of our 2,500 colleagues and the loyalty of our growingclient base, for the first time in its 52-year history, City Nationalfinished the year with $9.3 billion in loans, $12.1 billion indeposits and more than $39 billion in client investment assets undermanagement or administration.

"At the same time, we continued to invest in the talent,resources, facilities, capabilities and risk management infrastructurethat enable City National to continue to improve its performance andpotential as California's Premier Private and Business Bank(R)."

 For the 12 months endedDollars in millions, December 31, % ---------------------except per share 2005 2004 Change----------------------------------------- ---------- ---------- ------Earnings Per Share $4.60 $4.04 14Net Income 234.7 206.3 14Average Assets 14,161.3 13,396.0 6Return on Average Assets 1.66% 1.54% 8Return on Average Equity 16.89 16.34 3

ASSETS

Total assets at December 31, 2005 reached $14.6 billion, up 2percent from the end of 2004 and 1 percent from the third quarter of2005.

REVENUES

Revenues (net interest income plus noninterest income) grew to$821 million, a 12 percent increase over 2004.

NET INTEREST INCOME

Fully taxable-equivalent net interest income of $625 million wasup 12 percent from 2004, due primarily to increasing loan volume andhigher interest rates.

Average loan balances grew 9 percent in 2005, led by a 16 percentincrease in residential mortgage loans and a 9 percent rise incommercial lending. Commercial real estate mortgages increased 2percent, and construction lending was flat.

City National's net interest margin averaged 4.79 percent in 2005,up from 4.54 percent in the previous year. The increase wasattributable to a 200-basis-point increase in the bank's prime rate,which was offset partly by higher deposit costs.

City National's prime rate was 7.25 percent on December 31, 2005,up from 6.75 percent on September 30, 2005 and 5.25 percent at the endof 2004.

Dollars in millions 2005 2004 Change-------------------------- -------------- -------------- --------Average Loans $8,875.4 $8,106.7 9Average Securities 4,075.9 3,689.0 10Average Deposits 11,778.8 11,275.0 4Average Core Deposits 10,765.3 10,425.5 3Fully Taxable-EquivalentNet Interest Income 624.8 559.5 12Net Interest Margin 4.79% 4.54% 6

Average deposits grew 4 percent in 2005, reaching $11.8 billion.

Average securities totaled $4.1 billion in 2005, a 10 percentincrease from the previous year. At December 31, 2005 the averageduration of total available-for-sale securities was 3.0 years. It alsowas 3.0 years at the end of 2004.

NONINTEREST INCOME

Noninterest income reached $208 million in 2005, up 13 percentfrom the previous year. It now accounts for 25 percent of CityNational's total revenue. The increase last year was due largely tothe continued growth of City National's wealth management business andinternational services fees.

Wealth Management

Trust and investment fees grew 15 percent last year, while feesfor brokerage and mutual fund services went up 11 percent. Assetsunder management increased 19 percent from 2004, due to new business,a strong relative investment performance and higher market values.Increases in market values are reflected in fee income primarily on atrailing-quarter basis.

 At or for the 12 months ended December 31, % -------------------Dollars in millions 2005 2004 Change------------------------------------------- --------- --------- ------Trust and Investment Fee Revenue $78.6 $68.4 15Brokerage and Mutual Fund Fees 41.9 37.7 11Assets Under Management (1) 19,256.2 16,185.2 19Assets Under Managementor Administration (1) 39,589.0 35,092.7 13(1) Excludes $7.2 billion and $4.2 billion of assets under management for the CCM minority owned asset managers as of December 31, 2005 and December 31, 2004, respectively.

Other Noninterest Income

International service fees grew 11 percent in 2005, reflectingincreased demand for both foreign exchange and letters of credit.Other service charges and fees were 30 percent higher last year thanthey were in 2004.

Cash management and deposit transaction fees fell 18 percent yearover year, due largely to a higher earnings credit for clients whomaintain deposit balances to pay for services.

City National recorded $2.4 million in gains on the sale of assetsand securities in 2005. In 2004, the company posted a $5.9 millionloss due primarily to a write-down of GSE securities.

NONINTEREST EXPENSE

Expenses grew 11 percent in 2005, due in part to higher staffingand occupancy costs. In addition to opening four new banking offices,relocating two others and further expanding City National Plaza, thecompany added personnel for sales, business development, complianceand risk management. Expenses also reflect an increase in legal andprofessional fees for services needed to further strengthen thecompany's regulatory compliance capabilities.

The company's efficiency ratio in 2005 was 53.30, compared with53.89 in 2004.

CREDIT QUALITY

Asset quality continued to improve. Nonaccrual loans totaled $14.4million at December 31, 2005, down 58 percent from the end of 2004.They now amount to 16 basis points of total loans. Net loan recoveriesamounted to $9.3 million in 2005.

The company made no provision for credit losses in 2005. This wasattributable to management's assessment of asset quality, loan growthand improving economic conditions. At December 31, 2005 the allowancefor loan losses was $154 million or 1.66 percent of total loans. Thereserve for unfunded credit commitments was $15.6 million.

INCOME TAXES

City National's effective tax rate was 37.7 percent for the year.That compares with a 37.4 percent rate in 2004.

 FOURTH-QUARTER 2005 HIGHLIGHTS - Net income in the fourth quarter of 2005 totaled $61.8 million. Earnings per share grew to $1.21 per share, up 25 percent from the fourth quarter of 2004. (Results for 2004 included an after-tax non-cash charge of $4.8 million, or $0.09 per share, for the write-down of perpetual fixed-rate preferred securities.) - Fourth-quarter revenue was up 14 percent from the same period in 2004. - Net interest income grew 10 percent from the fourth quarter of 2004 and 2 percent from the third quarter of 2005. The company's net interest margin averaged 4.85 percent in the fourth quarter of 2005, compared with 4.80 percent for the previous quarter. - Average loan balances reached an all-time high of $9.2 billion, up 10 percent from the same period of 2004. - Average deposits increased to $12 billion for the first time in the fourth quarter, growing 1 percent from the same period of 2004. - Noninterest income totaled $53 million. It was up 27 percent from the same period in 2004 but down 1 percent from the third quarter of 2005. - Noninterest expense was up 6 percent from the fourth quarter of 2004 and 1 percent from the third quarter of 2005. 2006 OUTLOOK

Management currently expects earnings per share to grow at a rateof between 9 percent and 12 percent in 2006. (This guidance reflectsthe estimated 7-cent-per-share impact of expensing stock options.)

Average loans are expected to grow at a higher rate than they didin 2005, while average deposits are expected to grow at a rate similarto last year. The average net interest margin for 2006 may show somemodest expansion. Noninterest income and noninterest expense areexpected to grow at lower rates than 2005. Management expects to makea provision for loan losses in 2006. It also expects the company'seffective tax rate to be slightly higher than in 2005.

CAPITAL LEVELS

The company remains well-capitalized. The total risk-based capitaland Tier 1 risk-based capital ratios at December 31, 2005 were 15.55percent and 12.34 percent, respectively, compared with the minimumregulatory standards of 10 percent and 6 percent for"well-capitalized" institutions. City National's Tier 1 leverage ratioat December 31, 2005 was 8.82 percent, well above the regulatoryminimum ratio of 5 percent.

At September 30, 2005 the total risk-based capital, Tier 1risk-based capital and Tier 1 leverage ratios were 15.70 percent,12.19 percent and 8.58 percent, respectively.

The period-end ratio of shareholders' equity to total assets atDecember 31, 2005 was 10.00 percent, compared with 9.48 percent at thesame time in 2004 and 9.82 percent at September 30, 2005.

STOCK REPURCHASE

In 2005, City National repurchased 630,500 shares at an averagecost of $69.45. The company is currently authorized to buy back anadditional 379,000 shares.

CONFERENCE CALL

City National Corporation will host a conference call thisafternoon to discuss 2005 financial results. The call will begin at2:00 p.m. PST. Analysts and investors may dial in and participate inthe question/answer session. To access the call, please dial866.713.8567 and enter pass code 40769116. A listen-only livebroadcast of the call also will be available on the investor relationspage of the company's Website at www.cnb.com. There, it will bearchived and available for 12 months.

ABOUT CITY NATIONAL

City National Corporation's wholly owned subsidiary, City NationalBank, is California's Premier Private and Business Bank(R). Itprovides banking, investment and trust services through 55 offices,including 12 full-service regional centers, in Southern California,the San Francisco Bay Area and New York City. The company opened fournew offices in 2005. City National and its affiliates manage oradminister approximately $39.6 billion in client trust and investmentassets, including $19.3 billion under direct management.

For more information about City National, visit the company'sWebsite at www.cnb.com.

SAFE-HARBOR LANGUAGE

This news release contains forward-looking statements about thecompany, for which the company claims the protection of the safeharbor provisions contained in the Private Securities LitigationReform Act of 1995.

Forward-looking statements are based on management's knowledge andbelief as of today and include information concerning the company'spossible or assumed future financial condition, and its results ofoperations, business and earnings outlook. These forward-lookingstatements are subject to risks and uncertainties. A number offactors, some of which are beyond the company's ability to control orpredict, could cause future results to differ materially from thosecontemplated by such forward-looking statements. These factors include(1) changes in interest rates, (2) significant changes in banking lawsor regulations, (3) increased competition in the company's markets,(4) other-than-expected credit losses due to real estate cycles orother economic events, (5) earthquake or other natural disastersaffecting the condition of real estate collateral, (6) the effect ofacquisitions and integration of acquired businesses, and (7) theimpact of changes in regulatory, judicial, or legislative taxtreatment of business transactions. Management cannot predict at thistime the extent of the economic recovery, and a slowing or reversalcould adversely affect our performance in a number of ways includingdecreased demand for our products and services and increased creditlosses. Likewise, changes in deposit interest rates, among otherthings, could slow the rate of growth or put pressure on currentdeposit levels. Forward-looking statements speak only as of the datethey are made, and the company does not undertake to updateforward-looking statements to reflect circumstances or events thatoccur after the date the statements are made, or to update earningsguidance including the factors that influence earnings.

For a more complete discussion of these risks and uncertainties,see the company's report on Form 10-Q for the quarter ended September30, 2005 and its Annual Report on

Form 10-K for the year ended December 31, 2004 and particularlythe section of Management's Discussion and Analysis therein titled"Cautionary Statement for Purposes of the 'Safe Harbor' Provisions ofthe Private Securities Litigation Reform Act of 1995."

Conference Call:Today 2:00 p.m. PST866.713.8567Pass Code: 40769116CITY NATIONAL CORPORATIONFINANCIAL HIGHLIGHTS(unaudited) Three Months Twelve Months ------------------------ ---------------------------For The Period Ended December % % 31, 2005 2004 Change 2005 2004 Change----------------- ------------------------ ---------------------------Per Common Share Net Income Basic $1.25 $1.01 24 $4.77 $4.21 13 Diluted 1.21 0.97 25 4.60 4.04 14 Dividends 0.36 0.32 13 1.44 1.28 13 Book value 29.55 27.39 8Results of Operations:(In millions) Interest income $192 $163 18 $719 $604 19 Interest expense 32 18 81 106 58 82 ------- ------- --------- -------- Net interest income 160 145 10 612 546 12 Net interest income (Fully tax-equivalent) 163 149 9 625 560 12 Total revenue 213 187 14 821 730 12 Provision for credit losses - - - - - - Net income 62 50 24 235 206 14Financial Ratios: Performance Ratios: Return on average assets 1.69 % 1.40 % 1.66 % 1.54 % Return on average shareholders' equity 17.15 14.87 16.89 16.34 Period-end shareholders' equity to period-end assets 10.00 9.48 Net interest margin 4.85 4.54 4.79 4.54 Efficiency ratio 52.86 56.69 53.30 53.89 Capital Adequacy Ratios (Period end): Shareholders' equity to total assets 10.00 9.48 Tier 1 leverage 8.82 7.83 Tier 1 risk-based capital 12.34 11.51 Total risk-based capital 15.55 15.11Asset Quality Ratios: Allowance for loan losses to: Total loans 1.66 % 1.75 % Nonaccrual loans 1,069.33 428.92 Nonperforming assets to: Total loans and nonperforming assets 0.16 0.41 Total assets 0.10 0.24 Net (charge-offs) /recoveries to Average total loans (annualized) 0.09 % (0.00)% 0.10 (0.07)Average Balances: (In millions) Loans $9,210 $8,345 10 $8,875 $8,107 9 Interest- earning assets 13,328 13,028 2 13,048 12,323 6 Assets 14,468 14,121 2 14,161 13,396 6 Core deposits 10,864 11,075 (2) 10,766 10,426 3 Deposits 12,000 11,939 1 11,779 11,275 4 Interest- bearing liabilities 6,636 6,694 (1) 6,592 6,485 2 Shareholders' equity 1,429 1,331 7 1,390 1,263 10Period-End Balances : (In millions) Loans $9,266 $8,481 9 Assets 14,582 14,232 2 Core deposits 11,081 11,054 - Deposits 12,138 11,987 1 Shareholders' equity 1,458 1,349 8Wealth Management: (In millions) (1) Assets under management $19,256 $16,185 19 Assets under management and administration 39,589 35,093 13(1) Excludes $7,202 and $4,227 million of assets under management for the Convergent Capital Management minority-owned asset managers as of December 31, 2005 and December 31, 2004, respectively.CITY NATIONAL CORPORATIONCONSOLIDATED STATEMENTS OF INCOME(unaudited) Three Months Ended Twelve Months Ended(Dollars in December 31, December 31, thousands ---------------------------- ------------------------- except per % % share data) 2005 2004 Change 2005 2004 Change--------------- ------------------------------------------------------Interest income $191,927 $162,919 18 $718,552 $604,325 19Interest expense 31,886 17,619 81 106,125 58,437 82 --------- --------- --------- --------- Net Interest Income 160,041 145,300 10 612,427 545,888 12Provision for Credit Losses - - - - - -Noninterest Income Trust and investment fees 19,717 19,264 2 78,642 68,366 15 Brokerage and mutual fund fees 11,149 9,909 13 41,855 37,677 11 Cash management and deposit transaction fees 7,842 9,024 (13) 34,096 41,386 (18) International services 6,256 5,425 15 23,159 20,784 11 Bank-owned life insurance 670 678 (1) 3,203 2,812 14 Other service charges and fees 7,261 5,204 40 24,880 19,119 30 Gain (loss) on sale of assets 81 - n/m 1,067 9 n/m Gain (loss) on sale of securities (53) (7,715) (99) 1,287 (5,888) (122) --------- --------- --------- --------- Total noninterest income 52,923 41,789 27 208,189 184,265 13Noninterest Expense Salaries and employee benefits 66,460 60,926 9 263,398 239,583 10 Net occupancy of premises 10,074 9,454 7 35,083 30,629 15 Legal and professional fees 11,419 11,938 (4) 41,596 34,262 21 Information services 5,469 5,170 6 21,137 18,802 12 Depreciation 3,608 3,503 3 14,293 13,619 5 Amortization of intangibles 1,865 1,798 4 6,595 7,080 (7) Marketing and advertising 4,472 4,513 (1) 16,171 15,498 4 Office services 2,942 2,955 - 10,697 10,305 4 Equipment 582 581 - 2,355 2,460 (4) Minority interest expense 571 584 (2) 5,675 4,992 14 Other 6,690 6,625 1 27,060 23,172 17 --------- --------- --------- --------- Total noninterest expense 114,152 108,047 6 444,060 400,402 11 --------- --------- --------- ---------Income Before Taxes 98,812 79,042 25 376,556 329,751 14Applicable Income Taxes 37,055 29,296 26 141,821 123,429 15 --------- --------- --------- ---------Net Income $61,757 $49,746 24 $234,735 $206,322 14 ========= ========= ========= =========Other Data: Earnings per common share - basic $1.25 $1.01 24 $4.77 $4.21 13 Earnings per common share - diluted $1.21 $0.97 25 $4.60 $4.04 14 Dividends paid per common share $0.36 $0.32 13 $1.44 $1.28 13 Dividend payout ratio 27.65 % 31.81 % (13) 30.03 % 30.50 % (2) Return on average assets 1.69 % 1.40 % 21 1.66 % 1.54 % 8 Return on average shareholders' equity 17.15 % 14.87 % 15 16.89 % 16.34 % 3 Net interest margin (Fully taxable- equivalent) 4.85 % 4.54 % 7 4.79 % 4.54 % 6 Full-time equivalent employees 2,539 2,397 6CITY NATIONAL CORPORATIONCONSOLIDATED QUARTERLY STATEMENTS OF INCOME(unaudited) 2005(Dollars in ------------------------------------------------- thousands except Fourth Third Second First Year to per share data) Quarter Quarter Quarter Quarter Date------------------- --------- --------- --------- --------- ---------Interest Income $191,927 $184,710 $174,265 $167,650 $718,552Interest Expense 31,886 28,396 24,619 21,224 106,125 --------- --------- --------- --------- --------- Net Interest Income 160,041 156,314 149,646 146,426 612,427Provision for Credit Losses - - - - -Noninterest Income Trust and investment fees 19,717 19,856 19,632 19,437 78,642 Brokerage and mutual fund fees 11,149 10,910 9,928 9,868 41,855 Cash management deposit transaction fees 7,842 8,370 8,874 9,010 34,096 International services 6,256 6,107 5,908 4,888 23,159 Bank-owned life insurance 670 1,017 652 864 3,203 Other service charges and fees 7,261 6,247 5,359 6,013 24,880 Gain (loss) on sale of assets 81 801 162 23 1,067 Gain (loss) on sale of securities (53) 241 844 255 1,287 --------- --------- --------- --------- --------- Total noninterest income 52,923 53,549 51,359 50,358 208,189Noninterest Expense Salaries and employee benefits 66,460 66,467 63,839 66,632 263,398 Net occupancy of premises 10,074 8,666 8,727 7,616 35,083 Legal and professional fees 11,419 10,672 10,791 8,714 41,596 Information services 5,469 5,492 5,010 5,166 21,137 Depreciation 3,608 3,530 3,540 3,615 14,293 Amortization of intangibles 1,865 1,852 1,441 1,441 6,595 Marketing and advertising 4,472 4,182 3,943 3,574 16,171 Office services 2,942 2,578 2,688 2,489 10,697 Equipment 582 578 646 549 2,355 Minority interest expense 571 1,761 1,532 1,811 5,675 Other 6,690 6,862 6,796 6,708 27,060 --------- --------- --------- --------- --------- Total noninterest expense 114,152 112,640 108,953 108,315 444,060Income Before Taxes 98,812 97,223 92,052 88,469 376,556Applicable Income Taxes 37,055 37,413 34,345 33,008 141,821 --------- --------- --------- --------- ---------Net Income $61,757 $59,810 $57,707 $55,461 $234,735 ========= ========= ========= ========= =========Other Data: Earnings per common share - basic $1.25 $1.22 $1.18 $1.13 $4.77 Earnings per common share - diluted $1.21 $1.17 $1.13 $1.09 $4.60 Dividends paid per common share $0.36 $0.36 $0.36 $0.36 $1.44 Dividend payout ratio 27.65 % 29.83 % 30.85 % 32.02 % 30.03 % Return on average assets 1.69 % 1.66 % 1.65 % 1.62 % 1.66 % Return on average shareholders' equity 17.15 % 16.74 % 17.03 % 16.63 % 16.89 % Net interest margin (Fully taxable- equivalent) 4.85 % 4.80 % 4.74 % 4.75 % 4.79 % Full-time equivalent employees 2,539 2,516 2,477 2,445CITY NATIONAL CORPORATIONCONSOLIDATED QUARTERLY STATEMENTS OF INCOME(unaudited) 2004(Dollars in ------------------------------------------------- thousands except Fourth Third Second First Year to per share data) Quarter Quarter Quarter Quarter Date------------------- --------- --------- --------- --------- ---------Interest Income $162,919 $152,431 $145,178 $143,797 $604,325Interest Expense 17,619 15,090 12,903 12,825 58,437 --------- --------- --------- --------- --------- Net Interest Income 145,300 137,341 132,275 130,972 545,888Provision for Credit Losses - - - - -Noninterest Income Trust and investment fees 19,264 16,850 16,664 15,588 68,366 Brokerage and mutual fund fees 9,909 9,675 9,367 8,726 37,677 Cash management deposit transaction fees 9,024 10,322 10,942 11,098 41,386 International services 5,425 5,191 5,042 5,126 20,784 Bank-owned life insurance 678 588 715 831 2,812 Other service charges and fees 5,204 4,678 4,665 4,572 19,119 Gain (loss) on sale of assets - 9 - - 9 Gain (loss) on sale of securities (7,715) 327 871 629 (5,888) --------- --------- --------- --------- --------- Total noninterest income 41,789 47,640 48,266 46,570 184,265Noninterest Expense Salaries and employee benefits 60,926 59,675 59,306 59,676 239,583 Net occupancy of premises 9,454 7,513 7,020 6,642 30,629 Legal and professional fees 11,938 8,193 7,359 6,772 34,262 Information services 5,170 4,522 4,588 4,522 18,802 Depreciation 3,503 3,614 3,274 3,228 13,619 Amortization of intangibles 1,798 1,763 1,760 1,759 7,080 Marketing and advertising 4,513 3,666 3,812 3,507 15,498 Office services 2,955 2,444 2,487 2,419 10,305 Equipment 581 478 636 765 2,460 Minority interest expense 584 1,502 1,306 1,600 4,992 Other 6,625 5,893 5,413 5,241 23,172 --------- --------- --------- --------- --------- Total noninterest expense 108,047 99,263 96,961 96,131 400,402 --------- --------- --------- --------- ---------Income Before Taxes 79,042 85,718 83,580 81,411 329,751Applicable Income Taxes 29,296 32,240 31,380 30,513 123,429 --------- --------- --------- --------- ---------Net Income $49,746 $53,478 $52,200 $50,898 $206,322 ========= ========= ========= ========= =========Other Data: Earnings per common share - basic $1.01 $1.09 $1.07 $1.04 $4.21 Earnings per common share - diluted $0.97 $1.04 $1.03 $1.00 $4.04 Dividends paid per common share $0.32 $0.32 $0.32 $0.32 $1.28 Dividend payout ratio 31.81 % 29.51 % 30.06 % 30.71 % 30.50 % Return on average assets 1.40 % 1.56 % 1.59 % 1.62 % 1.54 % Return on average shareholders' equity 14.87 % 16.80 % 17.07 % 16.75 % 16.34 % Net interest margin (Fully taxable- equivalent) 4.54 % 4.46 % 4.49 % 4.66 % 4.54 % Full-time equivalent employees 2,397 2,348 2,346 2,341CITY NATIONAL CORPORATIONCONSOLIDATED PERIOD END BALANCE SHEET(unaudited) 2005 --------------------------------------------------- Fourth Third Second First(In thousands) Quarter Quarter Quarter Quarter------------------ ------------ ------------ ------------ ------------Assets Cash and due from banks $365,217 $438,786 $406,709 $386,999 Federal funds sold 157,000 185,000 400,000 190,000 Due from banks - interest- bearing 40,803 39,485 34,676 36,982 Securities- available-for- sale 3,999,261 4,030,296 4,057,267 4,018,969 Trading account securities 59,344 42,634 22,337 37,490 Loans: Commercial 3,544,504 3,392,487 3,320,836 3,082,663 Commercial Real estate mortgages 1,821,334 1,816,231 1,816,602 1,848,512 Residential mortgages 2,629,396 2,560,999 2,474,212 2,395,155 Real estate construction 721,890 711,755 724,895 759,090 Equity lines of credit 333,548 317,703 310,101 274,735 Installment 214,930 205,706 223,029 212,398 ------------ ------------ ------------ ------------ Total loans 9,265,602 9,004,881 8,869,675 8,572,553 Allowance for loan losses (153,983) (152,920) (147,930) (147,607) ------------ ------------ ------------ ------------ Net loans 9,111,619 8,851,961 8,721,745 8,424,946 Premises and equipment, net 82,868 76,754 73,169 68,354 Goodwill 247,708 248,373 251,494 251,494 Other assets 518,040 516,155 508,201 502,804 ------------ ------------ ------------ ------------ Total assets $14,581,860 $14,429,444 $14,475,598 $13,918,038 ============ ============ ============ ============Liabilities: Deposits: Noninterest- bearing $6,562,038 $6,345,907 $6,468,339 $6,069,061 Interest- bearing 5,576,434 5,769,807 5,683,869 5,693,563 ------------ ------------ ------------ ------------ Total deposits 12,138,472 12,115,714 12,152,208 11,762,624 Federal funds purchased and securities sold under repurchase agreement 190,190 191,036 204,052 155,645 Other short-term borrowed funds 100,000 26,197 27,678 125 Subordinated debt 275,682 278,076 285,771 280,068 Other long-term debt 219,445 221,168 233,290 224,829 Minority Interest 24,351 24,856 25,400 25,525 Other liabilities 175,712 155,220 146,311 149,039 ------------ ------------ ------------ ------------ Total liabilities 13,123,852 13,012,267 13,074,710 12,597,855Shareholders' Equity Common stock 50,601 50,601 50,640 50,712 Additional paid- in capital 411,389 414,073 415,802 419,505 Retained earnings 1,121,474 1,077,561 1,035,589 995,688 Accumulated other comprehensive loss (51,551) (36,879) (12,948) (43,288) Deferred equity compensation (14,730) (15,784) (16,821) (19,893) Treasury shares (59,175) (72,395) (71,374) (82,541) ------------ ------------ ------------ ------------ Total shareholders' equity 1,458,008 1,417,177 1,400,888 1,320,183 ------------ ------------ ------------ ------------ Total liabilities and shareholders' equity $14,581,860 $14,429,444 $14,475,598 $13,918,038 ============ ============ ============ ============CITY NATIONAL CORPORATIONCONSOLIDATED PERIOD END BALANCE SHEET(unaudited) 2004 --------------------------------------------------- Fourth Third Second First(In thousands) Quarter Quarter Quarter Quarter------------------ ------------ ------------ ------------ ------------Assets Cash and due from banks $240,492 $410,694 $485,208 $472,541 Federal funds sold 427,000 890,000 595,000 519,000 Due from banks - interest- bearing 236,362 37,890 76,890 34,570 Securities- available-for- sale 4,114,298 3,780,750 3,518,757 3,612,173 Trading account securities 75,878 49,752 28,893 39,549 Loans: Commercial 3,030,363 2,912,703 2,981,806 3,086,307 Commercial Real estate mortgages 1,841,974 1,799,729 1,785,805 1,757,292 Residential mortgages 2,299,591 2,220,366 2,171,486 2,028,251 Real estate construction 834,454 785,598 772,509 729,383 Equity lines of credit 255,194 242,050 214,533 197,269 Installment 219,701 202,180 189,431 156,883 ------------ ------------ ------------ ------------ Total loans 8,481,277 8,162,626 8,115,570 7,955,385 Allowance for loan losses (148,568) (148,056) (153,271) (154,498) ------------ ------------ ------------ ------------ Net loans 8,332,709 8,014,570 7,962,299 7,800,887 Premises and equipment, net 68,624 63,097 60,488 60,175 Goodwill 253,740 253,817 253,736 253,737 Other assets 482,410 480,830 504,475 438,466 ------------ ------------ ------------ ------------ Total assets $14,231,513 $13,981,400 $13,485,746 $13,231,098 ============ ============ ============ ============Liabilities: Deposits: Noninterest- bearing $6,026,428 $5,922,689 $5,809,241 $5,525,627 Interest- bearing 5,960,487 5,942,864 5,645,678 5,609,050 ------------ ------------ ------------ ------------ Total deposits 11,986,915 11,865,553 11,454,919 11,134,677 Federal funds purchased and securities sold under repurchase agreement 204,654 71,570 94,898 88,063 Other short-term borrowed funds 125 50,125 50,125 50,125 Subordinated debt 288,934 291,073 286,896 300,758 Other long-term debt 230,416 231,882 224,488 239,804 Minority Interest 26,362 27,180 27,180 27,180 Other liabilities 145,572 130,790 119,431 150,561 ------------ ------------ ------------ ------------ Total liabilities 12,882,978 12,668,173 12,257,937 11,991,168Shareholders' Equity Common stock 50,589 50,585 50,578 50,583 Additional paid- in capital 410,216 409,597 408,463 409,235 Retained earnings 957,987 924,066 886,367 849,859 Accumulated other comprehensive income (loss) (1,352) 3,683 (38,418) 32,237 Deferred equity compensation (12,262) (13,355) (13,343) (14,343) Treasury shares (56,643) (61,349) (65,838) (87,641) ------------ ------------ ------------ ------------ Total shareholders' equity 1,348,535 1,313,227 1,227,809 1,239,930 ------------ ------------ ------------ ------------ Total liabilities and shareholders' equity $14,231,513 $13,981,400 $13,485,746 $13,231,098 ============ ============ ============ ============CITY NATIONAL CORPORATIONCREDIT LOSS EXPERIENCE(unaudited) 2005 -------------------------------------------------(Dollars in Fourth Third Second First Year To thousands) Quarter Quarter Quarter Quarter Date------------------- --------- --------- --------- --------- ---------Allowance for Loan LossesBalance at beginning of period $152,920 $147,930 $147,607 $148,568 $148,568Net (charge- offs)/recoveries: Commercial 2,085 4,213 1,067 2,117 9,482 Commercial real estate mortgages 7 324 7 (1,893) (1,555) Residential mortgages - - 1 2 3 Real estate construction 15 1,192 71 23 1,301 Equity lines of credit - - 39 1 40 Installment (11) 13 5 (18) (11) --------- --------- --------- --------- --------- Total net (charge- offs)/recoveries 2,096 5,742 1,190 232 9,260Provision charged to expense - - - - -Provision allocated (to) from reserve for off-balance sheet commitments (1,033) (752) (867) (1,193) (3,845) --------- --------- --------- --------- ---------Balance at end of period $153,983 $152,920 $147,930 $147,607 $153,983 ========= ========= ========= ========= =========Net (Charge- Offs)/Recoveries to Average Total Loans: (annualized) Commercial 0.23 % 0.49 % 0.13 % 0.28 % 0.29 % Commercial real estate mortgages 0.00 % 0.07 % 0.00 % (0.41)% (0.09)% Residential mortgage 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Real estate construction 0.01 % 0.65 % 0.04 % 0.01 % 0.17 % Equity lines of credit 0.00 % 0.00 % 0.05 % 0.00 % 0.01 % Installment (0.02)% 0.02 % 0.01 % (0.03)% (0.01)% Total loans 0.09 % 0.25 % 0.05 % 0.01 % 0.10 %Reserve for Off- Balance Sheet Credit CommitmentsBalance at beginning of period $14,563 $13,811 $12,944 $11,751 $11,751 Provision for credit losses 1,033 752 867 1,193 3,845 --------- --------- --------- --------- ---------Balance at end of period $15,596 $14,563 $13,811 $12,944 $15,596 ========= ========= ========= ========= =========CITY NATIONAL CORPORATIONCREDIT LOSS EXPERIENCE(unaudited) 2004 -------------------------------------------------(Dollars in Fourth Third Second First Full thousands) Quarter Quarter Quarter Quarter Year------------------- --------- --------- --------- --------- ---------Allowance for Loan LossesBalance at beginning of period $148,056 $153,271 $154,498 $156,015 $156,015Net (charge- offs)/recoveries: Commercial 1,280 (3,030) (955) 68 (2,637) Commercial real estate mortgages (1,274) (1,705) 975 (870) (2,874) Residential mortgages (3) 14 - - 11 Real estate construction 34 19 18 29 100 Equity lines of credit 1 - 1 1 3 Installment (70) (64) 6 (142) (270) --------- --------- --------- --------- --------- Total net (charge- offs)/recoveries (32) (4,766) 45 (914) (5,667)Provision charged to expense - - - - -Provision allocated (to) from reserve for off-balance sheet commitments 544 (449) (1,272) (603) (1,780) --------- --------- --------- --------- ---------Balance at end of period $148,568 $148,056 $153,271 $154,498 $148,568 ========= ========= ========= ========= =========Net (Charge- Offs)/Recoveries to Average Total Loans: (annualized) Commercial 0.16 % (0.39)% (0.12)% 0.01 % (0.09)% Commercial real estate mortgages (0.28)% (0.37)% 0.22 % (0.19)% (0.16)% Residential mortgage (0.00)% 0.00 % 0.00 % 0.00 % 0.00 % Real estate construction 0.02 % 0.01 % 0.01 % 0.02 % 0.01 % Equity lines of credit 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Installment (0.30)% (0.28)% 0.03 % (0.70)% (0.15)% Total loans (0.00)% (0.23)% 0.00 % (0.05)% (0.07)%Reserve for Off- Balance Sheet Credit CommitmentsBalance at beginning of period $12,295 $11,846 $10,574 $9,971 $9,971 Provision for credit losses (544) 449 1,272 603 1,780 --------- --------- --------- --------- ---------Balance at end of period $11,751 $12,295 $11,846 $10,574 $11,751 ========= ========= ========= ========= =========CITY NATIONAL CORPORATIONNONPERFORMING ASSETS(unaudited) 2005 ------------------------------------ Fourth Third Second First(Dollars in thousands) Quarter Quarter Quarter Quarter-------------------------------- --------- -------- -------- --------Nonaccrual Loans Commercial $5,141 $14,917 $17,982 $25,117 Commercial real estate mortgages 923 955 1,543 1,945 Residential mortgages 294 2,259 1,990 1,990 Real estate construction 7,650 - - - Equity lines of credit 21 22 22 212 Installment 371 401 624 654 --------- -------- -------- -------- Total nonaccrual loans 14,400 18,554 22,161 29,918Other Nonperforming Assets - - - - --------- -------- -------- -------- Total nonperforming assets $14,400 $18,554 $22,161 $29,918 ========= ======== ======== ========Loans 90 Days or More Past Due on Accrual Status $234 $- $103 $807Allowance for loan losses as a percentage of: Nonaccrual loans 1,069.33 % 824.19 % 667.52 % 493.37 % Total nonperforming assets 1,069.33 % 824.19 % 667.52 % 493.37 % Total loans 1.66 % 1.70 % 1.67 % 1.72 %Nonaccrual loans as a percentage of total loans 0.16 % 0.21 % 0.25 % 0.35 %Nonperforming assets as a percentage of: Total loans and other nonperforming assets 0.16 % 0.21 % 0.25 % 0.35 % Total Assets 0.10 % 0.13 % 0.15 % 0.21 %CITY NATIONAL CORPORATIONNONPERFORMING ASSETS(unaudited) 2004 ----------------------------------- Fourth Third Second First(Dollars in thousands) Quarter Quarter Quarter Quarter------------------------------------------ -------- -------- --------Nonaccrual Loans Commercial $30,334 $28,127 $34,651 $37,457 Commercial real estate mortgages 2,255 4,032 3,238 4,811 Residential mortgages 94 1,193 2,371 11 Real estate construction 790 1,163 1,168 - Equity lines of credit 380 384 25 25 Installment 785 370 380 429 -------- -------- -------- -------- Total nonaccrual loans 34,638 35,269 41,833 42,733Other Nonperforming Assets - - - - -------- -------- -------- -------- Total nonperforming assets $34,638 $35,269 $41,833 $42,733 ======== ======== ======== ========Loans 90 Days or More Past Due on Accrual Status $142 $3,586 $153 $5,057Allowance for loan losses as a percentage of: Nonaccrual loans 428.92 % 419.79 % 366.39 % 361.54 % Total nonperforming assets 428.92 % 419.79 % 366.39 % 361.54 % Total loans 1.75 % 1.81 % 1.89 % 1.94 %Nonaccrual loans as a percentage of total loans 0.41 % 0.43 % 0.52 % 0.54 %Nonperforming assets as a percentage of: Total loans and other nonperforming assets 0.41 % 0.43 % 0.52 % 0.54 % Total Assets 0.24 % 0.25 % 0.31 % 0.32 %CITY NATIONAL CORPORATIONAVERAGE BALANCES AND RATES(unaudited) 2005 -------------------------------------------------- Fourth Quarter Third Quarter Second Quarter ---------------- ---------------- ----------------(Dollars in Average Average Average Average Average Average millions) Balance Rate Balance Rate Balance Rate------------------- -------- ------- -------- ------- -------- -------Assets Interest-earning assets Loans Commercial $3,556 6.49 % $3,401 6.21 % $3,225 6.06 % Commercial real estate mortgages 1,810 7.30 1,804 7.50 1,846 7.02 Residential mortgages 2,591 5.22 2,508 5.24 2,433 5.18 Real estate construction 727 8.36 725 7.98 728 7.37 Equity lines of credit 322 6.77 310 6.10 297 5.70 Installment 204 7.09 215 7.05 219 6.39 -------- -------- -------- Total loans 9,210 6.45 8,963 6.34 8,748 6.13 Due from banks - interest-bearing 44 1.63 41 1.45 37 1.24 Federal funds sold and securities purchased under resale agreements 23 4.23 65 3.70 80 2.76 Securities available-for- sale 4,012 4.37 4,030 4.26 4,034 4.25 Trading account securities 39 5.13 37 3.95 37 3.25 -------- -------- -------- Total interest- earning assets 13,328 5.80 13,136 5.67 12,936 5.50 Allowance for loan losses (153) (151) (148) Cash and due from banks 451 441 443 Other non-earning assets 842 830 810 -------- -------- -------- Total assets $14,468 $14,256 $14,041 ======== ======== ========Liabilities and Shareholders' Equity Interest-bearing deposits Interest checking accounts $813 0.11 $795 0.14 $849 0.08 Money market accounts 3,471 1.49 3,507 1.30 3,568 1.15 Savings deposits 186 0.74 196 0.29 199 0.28 Time deposits - under $100,000 189 2.65 183 2.64 181 2.38 Time deposits - $100,000 and over 1,136 2.78 1,074 2.76 897 2.56 -------- -------- -------- Total interest- bearing deposits 5,795 1.56 5,755 1.42 5,694 1.22 Federal funds purchased and securities sold under repurchase agreements 289 3.79 256 3.25 315 2.88 Other borrowings 552 4.55 545 4.13 518 3.85 -------- -------- -------- Total interest- bearing liabilities 6,636 1.91 6,556 1.72 6,527 1.51 Noninterest- bearing deposits 6,205 6,104 5,985 Other liabilities 198 178 170 Shareholders' equity 1,429 1,418 1,359 -------- -------- -------- Total liabilities and shareholders' equity $14,468 $14,256 $14,041 ======== ======== ========Net interest spread 3.89 % 3.95 % 3.99 % ====== ====== ======Net interest margin 4.85 % 4.80 % 4.74 % ====== ====== ======CITY NATIONAL CORPORATIONAVERAGE BALANCES AND RATES(unaudited) 2005 ---------------------------------- First Quarter Year to Date ---------------- ---------------- Average Average Average Average(Dollars in millions) Balance Rate Balance Rate------------------------------------ -------- ------- -------- -------Assets Interest-earning assets Loans Commercial $3,112 5.75 % $3,325 6.13 % Commercial real estate mortgages 1,818 7.02 1,819 7.21 Residential mortgages 2,344 5.17 2,470 5.20 Real estate construction 817 6.74 749 7.59 Equity lines of credit 265 5.42 299 6.03 Installment 216 6.29 213 6.87 -------- -------- Total loans 8,572 5.98 8,875 6.23 Due from banks - interest-bearing 65 1.34 47 1.42 Federal funds sold and securities purchased under resale agreements 33 2.59 50 3.22 Securities available-for-sale 4,078 4.38 4,038 4.32 Trading account securities 38 2.40 38 3.71 -------- -------- Total interest-earning assets 12,786 5.43 13,048 5.60 Allowance for loan losses (149) (150) Cash and due from banks 441 444 Other non-earning assets 795 819 -------- -------- Total assets $13,873 $14,161 ======== ========Liabilities and Shareholders' Equity Interest-bearing deposits Interest checking accounts $858 0.09 $828 0.13 Money market accounts 3,690 1.00 3,558 1.23 Savings deposits 205 0.24 197 0.27 Time deposits - under $100,000 182 2.07 184 2.44 Time deposits - $100,000 and over 944 2.11 1,013 2.57 -------- -------- Total interest-bearing deposits 5,879 1.05 5,780 1.32 Federal funds purchased and securities sold under repurchase agreements 254 2.33 278 3.08 Other borrowings 519 3.53 534 4.03 -------- -------- Total interest-bearing liabilities 6,652 1.29 6,592 1.61 Noninterest-bearing deposits 5,694 5,999 Other liabilities 175 180 Shareholders' equity 1,352 1,390 -------- -------- Total liabilities and shareholders' equity $13,873 $14,161 ======== ========Net interest spread 4.14 % 3.99 % ====== ======Net interest margin 4.75 % 4.79 % ====== ======CITY NATIONAL CORPORATION AVERAGE BALANCES AND RATES(unaudited) 2004 -------------------------------------------------- Fourth Quarter Third Quarter Second Quarter ---------------- ---------------- ---------------- Average Average Average Average Average Average(Dollars in Balance Rate Balance Rate Balance Rate millions)------------------- -------- ------- -------- ------- -------- -------Assets Interest-earning assets Loans Commercial $3,028 5.47 % $2,997 5.30 % $3,042 5.00 % Commercial real estate mortgages 1,798 6.40 1,785 6.26 1,762 6.16 Residential mortgages 2,250 5.33 2,188 5.39 2,087 5.34 Real estate construction 814 6.10 776 5.54 767 5.18 Equity lines of credit 246 5.32 221 4.43 204 4.54 Installment 209 5.96 196 6.20 180 6.13 -------- -------- -------- Total loans 8,345 5.69 8,163 5.55 8,042 5.38 Due from banks - interest-bearing 92 1.84 39 0.86 43 0.86 Federal funds sold and securities purchased under resale agreements 579 1.98 659 1.48 439 1.02 Securities available-for- sale 3,980 4.36 3,641 4.30 3,569 4.47 Trading account securities 32 2.06 36 0.98 32 0.48 -------- -------- -------- Total interest- earning assets 13,028 5.08 12,538 4.95 12,125 4.93 Allowance for loan losses (149) (153) (155) Cash and due from banks 446 432 446 Other non-earning assets 796 795 807 -------- -------- -------- Total assets $14,121 $13,612 $13,223 ======== ======== ========Liabilities and Shareholders' Equity Interest-bearing deposits Interest checking accounts $858 0.08 $834 0.08 $825 0.08 Money market accounts 3,910 0.84 3,879 0.76 3,649 0.68 Savings deposits 206 0.25 208 0.25 212 0.27 Time deposits - under $100,000 184 1.76 189 1.50 194 1.39 Time deposits - $100,000 and over 864 1.76 811 1.48 811 1.33 -------- -------- -------- Total interest- bearing deposits 6,022 0.87 5,921 5,691 0.70 Federal funds purchased and securities sold under repurchase agreements 115 1.73 129 1.27 121 0.89 Other borrowings 557 2.77 561 2.30 590 1.91 -------- -------- -------- Total interest- bearing liabilities 6,694 1.05 6,611 0.91 6,402 0.81 Noninterest- bearing deposits 5,917 5,575 5,431 Other liabilities 179 159 160 Shareholders' equity 1,331 1,267 1,230 -------- -------- -------- Total liabilities and shareholders' equity $14,121 $13,612 $13,223 ======== ======== ========Net interest spread 4.03 % 4.04 % 4.12 % ====== ====== ======Net interest margin 4.54 % 4.47 % 4.50 % ====== ====== ======CITY NATIONAL CORPORATION AVERAGE BALANCES AND RATES(unaudited) 2004 ------------------------------------- First Quarter Full Year ----------------- ---------------- Average Average Average Average(Dollars in millions) Balance Rate Balance Rate--------------------------------- -------- ------- -------- -------Assets Interest-earning assets Loans Commercial $3,104 5.09 % $3,042 5.21 % Commercial real estate mortgages 1,759 6.35 1,777 6.31 Residential mortgages 2,001 5.45 2,132 5.38 Real estate construction 666 5.17 756 5.52 Equity lines of credit 194 4.17 216 4.46 Installment 150 6.24 184 6.13 -------- -------- Total loans 7,874 5.47 8,107 5.53 Due from banks - interest- bearing 78 0.72 63 1.17 Federal funds sold and securities purchased under resale agreements 175 0.99 464 1.48 Securities available-for-sale 3,433 4.62 3,657 4.43 Trading account securities 30 0.52 32 1.02 -------- -------- Total interest-earning assets 11,590 5.11 12,323 5.01 Allowance for loan losses (156) (153) Cash and due from banks 447 443 Other non-earning assets 736 783 -------- -------- Total assets $12,617 $13,396 ======== ========Liabilities and Shareholders' Equity Interest-bearing deposits Interest checking accounts $802 0.08 $792 0.09 Money market accounts 3,421 0.68 3,712 0.75 Savings deposits 205 0.26 249 0.21 Time deposits - under $100,000 198 1.45 191 1.52 Time deposits - $100,000 and over 912 1.29 850 1.47 -------- -------- Total interest-bearing deposits 5,538 0.71 5,794 0.76 Federal funds purchased and securities sold under repurchase agreements 112 0.88 119 1.19 Other borrowings 579 1.97 572 2.23 -------- -------- Total interest-bearing liabilities 6,229 0.83 6,485 0.90 Noninterest-bearing deposits 4,995 5,481 Other liabilities 171 167 Shareholders' equity 1,222 1,263 -------- -------- Total liabilities and shareholders' equity $12,617 $13,396 ======== ========Net interest spread 4.28 % 4.11 % ===== =====Net interest margin 4.66 % 4.54 % ===== =====CITY NATIONAL CORPORATIONCAPITAL AND CREDIT RATING DATA(unaudited) 2005 ---------------------------------------- Fourth Third Second First Year To Quarter Quarter Quarter Quarter Date -------- ------- ------- ------- -------Per Common Share:---------------------------- Shares Outstanding (in thousands): Average - Basic 49,238 49,198 49,090 49,162 49,159 Average - Diluted 51,053 51,123 51,043 51,030 51,062 Period-End 49,347 49,117 49,145 48,958Book Value $29.55 $28.85 $28.51 $26.97Price: High $75.12 $76.10 $72.90 $71.35 $76.10 Low 66.39 68.42 66.84 67.49 66.39 Period-end 72.44 70.09 71.71 69.82Capital Ratios (Dollars in millions):----------------------------Risk-based capital Risk-adjusted assets $10,139 $9,802 $9,663 $9,410 Tier I capital $1,251 $1,195 $1,151 $1,100 Percentage of risk adjusted assets 12.34 12.19 % 11.91 % 11.69 % Total capital $1,576 $1,539 $1,493 $1,437 Percentage of risk adjusted assets 15.55 15.70 % 15.45 % 15.27 % Tier I leverage ratio 8.82 8.58 % 8.39 % 8.12 % Period-end shareholders' equity to total period-end assets 10.00 9.82 % 9.68 % 9.49 % Period-end tangible shareholders' equity to total period-end tangible assets 8.21 8.00 % 7.83 % 7.55 % Average shareholders' equity to total average assets 9.88 9.94 % 9.68 % 9.75 % 9.81 % Average tangible shareholders' equity to total average tangible assets 8.07 8.08 % 7.77 % 7.80 % 7.93 %CITY NATIONAL CORPORATIONCAPITAL AND CREDIT RATING DATA(unaudited) 2004 --------------------------------------- Fourth Third Second First Full Quarter Quarter Quarter Quarter Year ------- ------- ------- ------- -------Per Common Share:------------------------------ Shares Outstanding (in thousands): Average - Basic 49,195 49,076 48,796 48,732 48,950 Average - Diluted 51,385 51,182 50,925 50,679 51,074 Period-End 49,238 49,127 49,015 48,553Book Value $27.39 $26.73 $25.05 $25.54Price: High $70.99 $68.65 $65.95 $63.55 $70.99 Low 64.34 61.87 57.36 57.36 57.36 Period-end 70.65 64.95 65.70 59.90Capital Ratios (Dollars in millions):------------------------------Risk-based capital Risk-adjusted assets $9,383 $9,129 $8,947 $8,777 Tier I capital $1,080 $1,036 $991 $935 Percentage of risk adjusted assets 11.51 % 11.35 % 11.08 % 10.65 % Total capital $1,418 $1,369 $1,321 $1,265 Percentage of risk adjusted assets 15.11 % 14.99 % 14.77 % 14.41 % Tier I leverage ratio 7.83 % 7.80 % 7.68 % 7.60 % Period-end shareholders' equity to total period-end assets 9.48 % 9.39 % 9.10 % 9.37 % Period-end tangible shareholders' equity to total period-end tangible assets 7.56 % 7.43 % 7.05 % 7.24 % Average shareholders' equity to total average assets 9.42 % 9.31 % 9.30 % 9.69 % 9.42 % Average tangible shareholders' equity to total average tangible assets 7.48 % 7.28 % 7.20 % 7.46 % 7.36 %


CONTACT: City National Corporation
Christopher J. Carey,
310-888-6777 (Financial/Investors)
Chris.Carey@cnb.com
Cary Walker,
213-833-4715 (Media)
Cary.Walker@cnb.com
SOURCE: City National Corporation