City National Corp. Reports 2010 Fourth-Quarter Net Income Of $39.7 Million, Up 37 Percent From Fourth Quarter of 2009; Full-Year Net Income Totals $131.2 Million

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LOS ANGELES – City National Corporation (NYSE: CYN), the parent company of wholly
owned City National Bank, today reported fourth-quarter 2010 net income and net income
available to common shareholders of $39.7 million, or $0.74 per share. In the fourth quarter of
2009, net income was $29.1 million, while net income available to common shareholders was
$19.7 million, or $0.38 per share.
Full-year 2010 net income totaled $131.2 million, up 156 percent from 2009. Net income
available to common shareholders amounted to $125.5 million, or $2.36 per share. In 2009, the
company earned net income of $51.3 million, while net income available to common
shareholders amounted to $25.4 million, or $0.50 per share.
Fourth-quarter 2010 net income included an after-tax charge of $3.9 million for the redemption
of trust preferred securities and a $3.4 million non-cash charge related to one of the company’s
affiliated investment advisors. Excluding these items, fourth-quarter net income totaled
$47.1 million, or $0.88 per share.1
City National Corp. Reports Fourth-Quarter 2010 Net Income
Page 2
City National also announced today that its Board of Directors has increased the company’s
quarterly common stock cash dividend to $0.20 per share. The dividend will be payable on
February 16, 2011 to stockholders of record on February 2, 2011.
FOURTH-QUARTER AND YEAR-END 2010 HIGHLIGHTS
 Fourth-quarter revenue totaled $280.2 million, up 2 percent from the fourth quarter of 2009.
Revenue for the full year reached $1.1 billion, up 19 percent from 2009.
 Fully taxable-equivalent net interest income amounted to $188.3 million, up 14 percent from
the fourth quarter of 2009, but down 1 percent from the third quarter of 2010. Fully taxableequivalent
net interest income for the full-year 2010 was $743.5 million, up 17 percent from
2009.
 Average fourth-quarter deposits grew to $18.7 billion, up 19 percent from the same period of
2009 and 2 percent from the third quarter of 2010. Average core deposits were $17.7 billion,
up 22 percent from the fourth quarter of 2009 and 3 percent from the third quarter of 2010.
Year-end deposits grew to $18.2 billion, up 5 percent from December 31, 2009.
 Average fourth-quarter loan balances, excluding loans covered by City National’s
acquisition-related loss-sharing agreements with the FDIC, totaled $11.4 billion, down
6 percent from the same period of 2009 but virtually unchanged from the third quarter of
2010. Average commercial loan balances grew for the second consecutive quarter, up
3 percent from the third quarter of 2010. Year-end loans totaled $11.4 billion, down
6 percent from 2009.
 Fourth-quarter 2010 net income includes a $3.0 million provision for credit losses on non-
FDIC covered loans, 77 percent lower than it was in the third quarter of 2010. Net chargeoffs
declined 33 percent from the third quarter of 2010, while nonperforming assets,
excluding FDIC-covered assets, decreased 17 percent.
 On October 16, 2010, the company completed the redemption of $250 million of
9.625 percent cumulative trust preferred securities, using most of the net proceeds from a
third-quarter 2010 issue of $300 million of 10-year 5.25 percent senior notes.
 On November 15, 2010, City National completed the relatively small, but strategically
important acquisition of a Los Angeles-based accounting software firm, Datafaction, which
will complement the bank’s proprietary cash management solutions available to its business
clients.
“City National’s dramatically increasing profitability in 2010 reflects significant improvement in
credit quality and double-digit increases in revenue, net interest income and deposits,” said
President and Chief Executive Officer Russell Goldsmith.
“City National has emerged from the recession larger, financially stronger and better able to
serve its growing client base. In 2010, the company continued to invest significantly in its
capabilities by hiring talented colleagues, upgrading technology, introducing new products and
http://www.cnb.com/ir/quarterlyearnings/4th_Qtr_2010.pdf

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