| Item 2.02 | Results of Operations and Financial Condition. |
On October 28, 2009, Taylor Capital Group, Inc. (the Registrant) issued a press release setting forth the Registrants financial results for the three and nine month periods ended September 30, 2009. A copy of the Registrants press release is attached hereto as Exhibit 99.1, and the information contained therein is incorporated herein by reference. The information contained in Item 2.02 of this Form 8-K, including the exhibit, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and the information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
| 99.1 | Quarterly earnings release dated October 28, 2009. |
Management uses certain non-GAAP (generally accepted accounting principles) financial measures and ratios to evaluate the Companys performance. Specifically, management reviews net interest income on a taxable equivalent basis. In this non-GAAP financial measure, interest income and net interest income are adjusted to reflect tax-exempt interest income on an equivalent before-tax basis assuming an effective tax rate of 35%. This assumed rate may differ from the Companys actual effective income tax rate. In addition, the earning assets yield, net interest margin and the net interest rate spread are adjusted to a fully taxable equivalent basis. Management believes that these measures and ratios present a more accurate view of the performance of interest-earning assets and ensure comparability of net interest income regardless of the mix of taxable and tax-exempt instruments.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 28, 2009
| TAYLOR CAPITAL GROUP, INC. | ||
| By: | /s/ Steven H. Shapiro | |
| Steven H. Shapiro | ||
| Group Senior Vice President, General Counsel and Corporate Secretary | ||
Exhibit Index
| Exhibit |
Description of Exhibits | |
| 99.1 | Quarterly earnings release dated October 28, 2009. | |