Wilmington Trust Announces Third Quarter Results

  
    
  
  
    
      Wilmington Trust Corporation (NYSE:WL) reported today that net income 
      for the 2006 third quarter was $5.2 million and earnings per share (on a 
      diluted basis) were $0.07 per share. The company recorded a non-cash 
      charge of $72.3 million during the quarter against its valuation of 
      affiliate money manager Roxbury Capital Management (RCM). This non-cash 
      charge reduced operating net income by $41.7 million and reduced 
      earnings per share (on a diluted basis) by $0.60 per share.
    
    
      Absent the non-cash charge, operating net income for the 2006 third 
      quarter would have been $46.9 million and earnings per share (on a 
      diluted basis) would have been $0.67 per share. These amounts would have 
      been increases of 10% and 8%, respectively, from the year-ago third 
      quarter.
    
    
      During the 2006 third quarter, RCM terminated its micro-cap fund and 
      decided to exit its fixed income fund by the end of 2006. These actions 
      caused Wilmington Trust management to reassess the carrying value (the 
      value assigned to the asset) of its ownership position in RCM. On 
      October 17, 2006, management determined that the carrying value of RCM 
      had declined by $72.3 million as of September 30, 2006, and that the 
      decline was other than temporary. The $72.3 million decline in carrying 
      value was recorded on the income statement as a non-cash impairment 
      charge for the 2006 third quarter.
    
    
      The impairment charge was a non-cash item because Wilmington Trust 
      records the majority of RCM's carrying value on its balance sheet as 
      goodwill (a non-cash item). At June 30, 2006, the amount of goodwill 
      associated with RCM was $131.3 million. As of September 30, 2006, 
      following the non-cash charge, the amount of goodwill recorded for RCM 
      was $59.0 million.
    
    
      Wilmington Trust's valuation of RCM is based in large part on its 
      ownership interest in the money manager, which consists of 41.23% of 
      RCM's common shares and a 30% preferred ownership interest. Wilmington 
      Trust's ownership interest in RCM has not changed since the fourth 
      quarter of 2003, and the company said no changes were planned. Ted T. 
      Cecala, Wilmington Trust's chairman and chief executive officer, and 
      David R. Gibson, Wilmington Trust's chief financial officer, remain 
      members of RCM's board of managers.
    
    
      "Roxbury is a profitable growth-style manager. The firm is incubating 
      new products and it has been acquiring other investment managers," 
      Cecala said. "We have high regard for Roxbury's 'boutique among 
      boutiques' market positioning, we have a positive outlook for the firm, 
      and we look forward to maintaining our relationship with the Roxbury 
      team."
    
    
      In addition to reducing net income and earnings per share, the non-cash 
      charge increased noninterest expense, reduced income tax expense, and 
      reduced the returns on average assets and equity. This report includes 
      comparable amounts that exclude the non-cash charge in cases where 
      management believes doing so provides investors with more relevant 
      information about business trends and the company's continuing 
      operations.
    
    
      "Absent the non-cash charge, our third quarter results were positive and 
      each of our three businesses recorded good growth," Cecala said. "Net 
      interest income rose 11%, the net interest margin increased, advisory 
      revenue was 10% higher, and expense growth, excluding the non-cash 
      charge, was less than 6%."
    
    
      For the 2006 third quarter:
    
    
      
        Total loan balances were $7.76 billion, on average, up 9% from the 
        year-ago third quarter.
      
      
        On average, commercial loan balances rose 11% and consumer loan 
        balances rose 7% year over year.
      
      
        Balance sheet assets surpassed $10.5 billion for the first time on an 
        average balance basis.
      
      
        Net interest income, before the provision for loan losses, was 11% 
        more than for third quarter last year.
      
      
        The net interest margin was 3.83%, up 3 basis points on a 
        linked-quarter basis, and 17 basis points year over year.
      
      
        Wealth Advisory revenue rose 8%; Corporate Client revenue increased 
        11%; and revenue from affiliate money manager Cramer Rosenthal McGlynn 
        was 35% higher than for the year-ago third quarter.
      
      
        The percentage of loans with pass ratings in the internal risk rating 
        analysis continued to exceed 97%.
      
    
    
      Credit quality trends remained positive overall, but one commercial loan 
      charge-off during the third quarter increased net charge-offs and the 
      net charge-off ratio, and led to an increase in the provision for loan 
      losses. More details on this are in the credit quality section of this 
      report.
    
    
      On an annualized basis, third quarter 2006 results produced a return on 
      average assets of 0.20% and a return on average equity of 1.91%. 
      Excluding the non-cash charge for RCM, the return on average assets 
      would have been 1.77% and the return on average equity would have been 
      17.23%. The corresponding returns for the third quarter of 2005 were 
      1.70% and 17.65%, respectively.
    
    
      CASH DIVIDEND DECLARED
    
    
      On October 19, 2006, the Board of Directors declared a regular quarterly 
      cash dividend of $0.315 per share. The quarterly dividend will be paid 
      on November 15, 2006, to shareholders of record on November 1, 2006.
    
    
      EFFICIENCY RATIO
    
    
      The efficiency ratio is a measure of profitability that reflects how 
      much a company spends to generate revenue. Low efficiency ratios are 
      desirable because they indicate high profitability.
    
    
      The non-cash charge, all of which was attributed to the Affiliate 
      Managers business segment, reduced the company's efficiency ratio for 
      the 2006 third quarter. There is more information about business line 
      profitability in the sections on each business and in the financial 
      reports by business segment in this report.
    
    
      
        
          Efficiency ratios
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Regional Banking
        
        
           
        
        
          40.02%
        
        
           
        
        
          39.22%
        
        
           
        
        
          42.86%
        
      
      
        
          Wealth Advisory Services
        
        
           
        
        
          77.64%
        
        
           
        
        
          79.76%
        
        
           
        
        
          75.53%
        
      
      
        
          Corporate Client Services
        
        
           
        
        
          70.71%
        
        
           
        
        
          72.56%
        
        
           
        
        
          76.67%
        
      
      
        
          Wilmington Trust consolidated
        
        
           
        
        
          95.64%
        
        
           
        
        
          55.29%
        
        
           
        
        
          56.87%
        
      
      
        
          Wilmington Trust consolidated absent non-cash charge
        
        
           
        
        
          55.18%
        
        
           
        
        
          -- 
        
        
           
        
        
          -- 
        
      
    
    
      Excluding the non-cash charge, the table above shows that Wilmington 
      Trust spent slightly more than 55 cents for each dollar of revenue 
      recorded for the 2006 third quarter, and that the cost was lower than 
      for prior periods. The efficiency ratio improved from its year-ago level 
      mainly because pre-tax income was higher from the Regional Banking and 
      Corporate Client Services business. The linked-quarter improvement was 
      due to higher levels of pre-tax income from Wealth Advisory Services and 
      Corporate Client Services, as expansion investments and the provision 
      for loan losses reduced pre-tax income from the Regional Banking 
      business.
    
    
      INVESTMENT SECURITIES PORTFOLIO
    
    
      Investment securities portfolio balances for the 2006 third quarter were 
      $1.86 billion, on average. On a percentage basis, the composition of the 
      portfolio was relatively unchanged from prior periods. As of September 
      30, 2006, approximately 80% of the portfolio was invested in fixed rate 
      instruments.
    
    
      
        
          Investment securities portfolio
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Average life (in years)
        
        
           
        
        
          5.39 
        
        
           
        
        
          6.00 
        
        
           
        
        
          6.21 
        
      
      
        
          Duration
        
        
           
        
        
          2.39 
        
        
           
        
        
          2.78 
        
        
           
        
        
          2.74 
        
      
    
    
      The average life and duration declined because the company purchased 
      shorter-term U.S. Treasury and government agency securities during the 
      2006 third quarter and because the downward shift in the yield curve 
      caused prepayments to increase.
    
    
      THE REGIONAL BANKING BUSINESS
    
    
      The Delaware Valley region's economy remained well diversified and 
      economic indicators remained positive. According to the Federal Reserve 
      Bank of Philadelphia, economic activity over the past 12 months (as of 
      August 2006, the most recent data available) increased in Delaware and 
      was stable in Pennsylvania and New Jersey. According to the Federal 
      Deposit Insurance Corporation, job growth in Delaware continued to 
      outpace the national rate, with job losses from consolidation in the 
      financial sector offset by gains in the professional, business, health, 
      and government sectors. According to the U.S. Department of Labor, 
      Delaware's unemployment rate for August 2006 was 3.7%. In comparison, 
      the U.S. rate was 4.7%.
    
    
      Against this backdrop, loan balances rose for the 22nd consecutive 
      quarter and were $7.76 billion, on average. This was 9% higher than for 
      the year-ago third quarter, and 1% higher than for the 2006 second 
      quarter. Commercial real estate/construction loans, consumer loans, and 
      residential mortgage loans accounted for most of the growth.
    
    
      
        
          Loans
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Total loans outstanding (in billions, on average)
        
        
           
        
        
          $7.76 
        
        
           
        
        
          $7.68 
        
        
           
        
        
          $7.13 
        
      
      
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
      
      
        
          Delaware market loans (in billions, on average)
        
        
           
        
        
          $5.78 
        
        
           
        
        
          $5.73 
        
        
           
        
        
          $5.37 
        
      
      
        
          Delaware market loans as a % of total loans
        
        
           
        
        
          74%
        
        
           
        
        
          75%
        
        
           
        
        
          75%
        
      
      
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
      
      
        
          Pennsylvania market loans (in billions, on average)
        
        
           
        
        
          $1.74 
        
        
           
        
        
          $1.72 
        
        
           
        
        
          $1.56 
        
      
      
        
          Pennsylvania market loans as a % of total loans
        
        
           
        
        
          22%
        
        
           
        
        
          22%
        
        
           
        
        
          22%
        
      
      
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
      
      
        
          Other market loans as a % of total loans
        
        
           
        
        
          4%
        
        
           
        
        
          3%
        
        
           
        
        
          3%
        
      
    
    
      Commercial loans
    
    
      Commercial loan balances were $5.23 billion, on average, for the 2006 
      third quarter. This was 11% higher than for the year-ago third quarter, 
      and 1% higher than for the 2006 second quarter. Almost all of the 
      year-over-year and linked-quarter growth was in commercial real 
      estate/construction (CRE) loans.
    
    
      
        
          Commercial loans (in millions, on average)
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Commercial, industrial, and agricultural loans
        
        
           
        
        
          $2,407.7 
        
        
           
        
        
          $2,463.5 
        
        
           
        
        
          $2,449.2 
        
      
      
        
          Commercial real estate/construction loans
        
        
           
        
        
          1,588.7 
        
        
           
        
        
          1,517.5 
        
        
           
        
        
          1,022.9 
        
      
      
        
          Commercial mortgage loans
        
        
           
        
        
          1,238.5 
        
        
           
        
        
          1,212.8 
        
        
           
        
        
          1,232.8 
        
      
      
        
          Total commercial loans
        
        
           
        
        
          $5,234.9 
        
        
           
        
        
          $5,193.8 
        
        
           
        
        
          $4,704.9 
        
      
      
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
      
      
        
          % of commercial loans from Delaware market
        
        
           
        
        
          70%
        
        
           
        
        
          70%
        
        
           
        
        
          70%
        
      
      
        
          % of commercial loans from Pennsylvania market
        
        
           
        
        
          29%
        
        
           
        
        
          29%
        
        
           
        
        
          29%
        
      
      
        
          % of commercial loans from other markets
        
        
           
        
        
          1%
        
        
           
        
        
          1%
        
        
           
        
        
          1%
        
      
    
    
      CRE loan balances, on average, increased 55% from the year-ago third 
      quarter, mainly because population growth and high demand for housing 
      continued in Delaware. The Delaware market accounted for approximately 
      69% of the year-over-year CRE loan growth and the Pennsylvania market 
      accounted for approximately 18%. Residential housing development loans 
      accounted for approximately 72% of the year-over-year CRE loan growth.
    
    
      According to the University of Delaware's Center for Applied Demography, 
      Delaware had a net gain in population between July 2004 and July 2005 
      (the most recent data available). The Center reported that Delaware's 
      new residents include retirees attracted by the state's relatively low 
      property taxes and lack of a sales tax, as well as working-age people 
      from New Jersey and Pennsylvania who are willing to trade longer 
      commuting time for lower housing prices. Mayflower Transit's 2006 
      relocation report ranked Delaware as the second most popular relocation 
      destination in the United States.
    
    
      On a linked-quarter basis, the pace of CRE loan growth slowed to 5%, and 
      the new loans were split fairly evenly between the Delaware and 
      Pennsylvania markets. Residential housing development accounted for 
      almost all of the linked-quarter increase.
    
    
      The change in the pace of CRE loan growth reflected a return to more 
      normal market conditions. In September, several housing industry groups, 
      including the National Association of Realtors, Moody's Economy.com, and 
      multiple listing service Trend, predicted any housing downturn in 
      Delaware would be short-lived and less severe than elsewhere in the 
      United States. For the first eight months of 2006, median sale prices 
      for single-family homes in Delaware rose between 6% and 12%, depending 
      on location.
    
    
      Retail loans
    
    
      Retail loans (consumer loans, residential mortgage loans, and loans 
      secured with liquid collateral) for the 2006 third quarter were $2.52 
      billion, on average. This was 4% higher than for the year-ago third 
      quarter, and 2% higher than for the 2006 second quarter. Consumer loan 
      and residential mortgage loan balances accounted for the growth. 
      Balances of loans secured with liquid collateral declined due to lower 
      demand from Wealth Advisory clients.
    
    
      More than half of total retail loan balances for the 2006 third quarter 
      were consumer loans. Consumer loan balances, on average, were 7% higher 
      than for the year-ago third quarter and 2% higher on a linked-quarter 
      basis.
    
    
      
        
          Consumer loans (in millions, on average)
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Home equity lines of credit
        
        
           
        
        
          $319.4 
        
        
           
        
        
          $324.3 
        
        
           
        
        
          $330.6 
        
      
      
        
          Indirect loans
        
        
           
        
        
          657.3 
        
        
           
        
        
          648.4 
        
        
           
        
        
          615.1 
        
      
      
        
          Credit card loans
        
        
           
        
        
          75.1 
        
        
           
        
        
          74.2 
        
        
           
        
        
          71.7 
        
      
      
        
          Other consumer loans
        
        
           
        
        
          418.7 
        
        
           
        
        
          394.7 
        
        
           
        
        
          352.3 
        
      
      
        
          Total consumer loans
        
        
           
        
        
          $1,470.5 
        
        
           
        
        
          $1,441.6 
        
        
           
        
        
          $1,369.7 
        
      
      
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
      
      
        
          % of consumer loans from Delaware market
        
        
           
        
        
          88%
        
        
           
        
        
          88%
        
        
           
        
        
          88%
        
      
      
        
          % of consumer loans from Pennsylvania market
        
        
           
        
        
          7%
        
        
           
        
        
          6%
        
        
           
        
        
          6%
        
      
      
        
          % of consumer loans from other markets
        
        
           
        
        
          5%
        
        
           
        
        
          6%
        
        
           
        
        
          6%
        
      
    
    
      The category of consumer loans recorded as "other consumer loans" 
      accounted for the majority of the growth in consumer loan balances. This 
      category comprises a variety of installment loans to individuals, most 
      of which are fixed rate loans, and includes home equity loans. Home 
      equity loan balances increased, while home equity lines of credit 
      decreased, as client demand for fixed rate products increased.
    
    
      Indirect loans, the majority of which are for late-model used cars, also 
      contributed to the increase in consumer loan balances. The percentage of 
      indirect loans from the New Jersey and Pennsylvania markets increased 
      substantially from their year-ago volumes, reflecting the company's 
      expansion in those areas.
    
    
      In the residential mortgage portfolio, balances rose but origination 
      volumes declined, in large part because:
    
    
      
        Although the company sells most new fixed rate residential mortgage 
        production into the secondary market, mortgages that qualify as low 
        income mortgages for Community Reinvestment Act (CRA) purposes are 
        retained in the portfolio. CRA loans originated during the 2006 third 
        quarter were nearly twice as high as the year-ago third quarter 
        volumes.
      
      
        The average loan amount originated was 12% higher for the 2006 third 
        quarter than for the year-ago third quarter.
      
      
        The pace of refinancings and paydowns slowed.
      
      
        Seasonal cyclicality causes the number of loans originated to 
        fluctuate from period to period.
      
    
    
      
        
          Residential mortgages
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Balances (in millions, on average)
        
        
           
        
        
          $507.8 
        
        
           
        
        
          $484.2 
        
        
           
        
        
          $443.8 
        
      
      
        
          Origination volumes (in millions)
        
        
           
        
        
          $58.6 
        
        
           
        
        
          $67.7 
        
        
           
        
        
          $70.1 
        
      
      
        
          Origination units
        
        
           
        
        
          239 
        
        
           
        
        
          288 
        
        
           
        
        
          321 
        
      
    
    
      At September 30, 2006, approximately 74% of the residential mortgage 
      portfolio consisted of fixed rate mortgages, unchanged from September 
      30, 2005, and June 30, 2006.
    
    
      Core deposits
    
    
      Core deposits (deposits from clients) for the 2006 third quarter were 
      $4.95 billion, on average, up 2% from the year-ago third quarter and up 
      slightly from the 2006 second quarter. Certificate of deposit (CD) and 
      interest bearing demand deposit balances rose, but these increases were 
      offset by a decline in noninterest bearing demand deposit balances. The 
      majority of core deposits continued to come from Delaware clients.
    
    
      
        
          Total core deposits (on average)
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          From Delaware clients
        
        
           
        
        
          94%
        
        
           
        
        
          94%
        
        
           
        
        
          94%
        
      
      
        
          From Pennsylvania clients
        
        
           
        
        
          5%
        
        
           
        
        
          5%
        
        
           
        
        
          5%
        
      
      
        
          From other markets
        
        
           
        
        
          1%
        
        
           
        
        
          1%
        
        
           
        
        
          1%
        
      
    
    
      In December 2005, the company began to shift, or sweep, portions of 
      commercial noninterest bearing demand deposits into money market 
      deposits. This practice lowers deposit reserve requirements mandated by 
      the Federal Reserve, and ultimately reduces the company's borrowing 
      costs and uninvested cash balances. These sweeps accounted for 
      approximately $185 million of the $279 million year-over-year decline in 
      noninterest bearing demand deposits.
    
    
      CDs in amounts under $100,000 were 20% higher on a year-over-year basis, 
      and local CDs in amounts of $100,000 and more were 34% higher. Since 
      local CDs are client deposits, they are recorded as core deposits, not 
      brokered deposits. Commercial banking clients in the Delaware Valley and 
      local municipalities, which frequently use these CDs to generate returns 
      on their excess cash, account for the majority of local CD balances.
    
    
      
        
          Local CDs ? $100,000 by client category
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Consumer banking clients
        
        
           
        
        
          73%
        
        
           
        
        
          74%
        
        
           
        
        
          66%
        
      
      
        
          DE commercial banking clients
        
        
           
        
        
          10%
        
        
           
        
        
          12%
        
        
           
        
        
          11%
        
      
      
        
          PA commercial banking clients
        
        
           
        
        
          10%
        
        
           
        
        
          7%
        
        
           
        
        
          6%
        
      
      
        
          Wealth Advisory Services clients
        
        
           
        
        
          7%
        
        
           
        
        
          7%
        
        
           
        
        
          16%
        
      
      
        
          Corporate Client Services clients
        
        
           
        
        
          -- 
        
        
           
        
        
          -- 
        
        
           
        
        
          1%
        
      
    
    
      Deposits recorded as national CDs of $100,000 or more (national CDs) are 
      brokered deposits, not client deposits. Since the company gathers 
      deposits mainly in Delaware, but makes loans in four states, national 
      CDs are a cost-effective way to fund loan growth without incurring the 
      expense of building and operating a large-scale branch office network 
      outside Delaware.
    
    
      Credit quality
    
    
      The percentage of loans outstanding with pass ratings from the internal 
      risk rating analysis exceeded 97% for the fourth consecutive quarter, 
      and was higher year-over-year and on a linked-quarter basis. While 
      credit quality trends remained positive overall, net charge-offs and the 
      net charge-off ratio were higher than in prior quarters, primarily 
      because of one loan that was charged-off during the 2006 third quarter.
    
    
      This loan, which was to a Delaware Valley-based client in the dining and 
      entertainment industry, had been recorded in renegotiated loans since 
      the fourth quarter of 2004. As a result of this charge-off, the 
      percentage of loans rated doubtful in the internal risk rating analysis 
      dropped to zero. Renegotiated loans also fell to zero, because this loan 
      was charged off, and the other loan in the category was repaid in July 
      2006.
    
    
      The net charge-off ratio for the 2006 third quarter was 9 basis points. 
      This brought the net charge-off ratio on an annualized basis to 22 basis 
      points, still below historical levels. Between 1995 and 2005, the annual 
      net charge-off ratio ranged from 24 to 44 basis points.
    
    
      Nonaccruing loans and loans past due 90 days or more were considerably 
      lower than for the year-ago third quarter, but were higher on a 
      linked-quarter basis. Fewer than 10 loans, most of which were commercial 
      loans, accounted for the changes. None of the loans classified as 
      nonaccruing or past due 90 days during the 2006 third quarter were 
      real-estate related.
    
    
      The amount recorded as other real estate owned (OREO) consists of an 
      agricultural parcel in New Jersey. While OREO was higher year-over-year, 
      the amount was unchanged from the 2006 second quarter.
    
    
      The 2006 third quarter provision for loan losses was $6.6 million, 
      compared with $2.9 million for the year-ago third quarter, and $4.2 
      million for the 2006 second quarter. The reserve for loan losses was 
      $93.6 million at September 30, 2006, which was slightly higher year over 
      year and slightly lower on a linked-quarter basis. The loan loss reserve 
      ratio for the 2006 third quarter was 1.20%, compared with 1.28% for the 
      year-ago third quarter, and 1.22% for the 2006 second quarter.
    
    
      Regional Banking profitability
    
    
      The provision for loan losses and higher expenses due to expansion 
      activities offset increases in net interest income, causing a slight 
      uptick in the efficiency ratio for the Regional Banking business.
    
    
      
        
          Efficiency ratios
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Regional Banking
        
        
           
        
        
          40.02%
        
        
           
        
        
          39.22%
        
        
           
        
        
          42.86%
        
      
    
    
      NET INTEREST MARGIN
    
    
      For the 2006 third quarter, assets continued to reprice faster than 
      liabilities and deposit pricing pressure, other than for CDs, remained 
      relatively modest. In addition, the third quarter was the first full 
      quarter to reflect the effects of the increase in short-term interest 
      rates that the Federal Reserve made on June 29, 2006. These factors 
      contributed to the increase in the net interest margin, which, at 3.83%, 
      was 17 basis points higher than for the year-ago third quarter, and 3 
      basis points higher than for the 2006 second quarter.
    
    
      
        
          Net interest margin
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Net interest margin
        
        
           
        
        
          3.83%
        
        
           
        
        
          3.80%
        
        
           
        
        
          3.66%
        
      
    
    
      
        
          Basis point (bps) increases in yields/rates
        
        
           
        
        
          
            9/30/06 vs.
          
          
            6/30/06
          
        
        
           
        
        
          
            9/30/06 vs. 
          
          
            9/30/05
          
        
      
      
        
          Total earning assets
        
        
           
        
        
          25 bps
        
        
           
        
        
          128 bps
        
      
      
        
          Funds to support earning assets
        
        
           
        
        
          22 bps
        
        
           
        
        
          111 bps
        
      
    
    
      
        
          Average balance increases
        
        
           
        
        
          
            9/30/06 vs.
          
          
            6/30/06
          
        
        
           
        
        
          
            9/30/06 vs.
          
          
            9/30/05
          
        
      
      
        
          Total earning assets
        
        
           
        
        
          1%
        
        
           
        
        
          6%
        
      
      
        
          Funds to support earning assets
        
        
           
        
        
          1%
        
        
           
        
        
          6%
        
      
    
    
      The company’s floating rate loan portfolio is 
      matched closely with floating rate funding. This helps to minimize 
      changes in the net interest margin due to changes in market interest 
      rates. As of September 30, 2006:
    
    
      
        Approximately 75% of total loans outstanding were floating rate loans.
      
      
        Approximately 81% of floating rate loans were commercial loans, most 
        of which reprice within 30 to 45 days of a rate change.
      
      
        The pricing on approximately 62% of commercial floating rate loans was 
        tied to a prime lending rate of 8.25%.
      
      
        The pricing on approximately 34% of commercial floating rate loans was 
        tied to the 30-day London Interbank Offered Rate (Libor) of 5.32%.
      
    
    
      
        
          
          
          
            As of
          
        
        
           
        
        
          
            Commercial floating rate loans repricing in
          
          
            ? 30 days
          
        
        
           
        
        
          
            National CDs maturing 
          
          
            ? 90 days
          
        
        
           
        
        
          
            Short-term borrowings maturing
          
          
            ? 90 days
          
        
      
      
        
          9/30/06 
        
        
           
        
        
          93%
        
        
           
        
        
          74%
        
        
           
        
        
          98%
        
      
      
        
          6/30/06 
        
        
           
        
        
          92%
        
        
           
        
        
          59%
        
        
           
        
        
          91%
        
      
      
        
          9/30/05 
        
        
           
        
        
          92%
        
        
           
        
        
          91%
        
        
           
        
        
          90%
        
      
    
    
      Changes over the past 12 months in the percentage of national CDs 
      maturing in 90 days or less reflected the flat yield curve. With little 
      difference between 90-day rates and longer-term rates, the company opted 
      to purchase the longer-term instruments.
    
    
      THE WEALTH ADVISORY SERVICES BUSINESS
    
    
      Wealth Advisory Services (WAS) revenue for the 2006 third quarter was 
      $47.1 million. This was 8% higher than for the year-ago third quarter, 
      and slightly more than for the 2006 second quarter. Strong growth in 
      revenue from planning and other services, plus higher mutual fund 
      revenue, accounted for the year-over-year increase. The linked-quarter 
      increase came from mutual fund revenue. Most mutual fund fees are based 
      on money market funds.
    
    
      Revenue from trust and investment advisory services was essentially 
      unchanged from the prior-year and prior-quarter levels, as business 
      development was offset by lackluster performance in the financial 
      markets. As of September 30, 2006, approximately 48% of assets managed 
      for WAS clients were invested in equities, and approximately 28% were 
      invested in fixed income instruments. Although markets rallied in 
      September, the timing occurred too late in the quarter to have much of 
      an effect.
    
    
      Revenue from planning and other services for the 2006 third quarter was 
      $8.8 million. This was 38% higher than for the year-ago third quarter, 
      and down slightly from the 2006 second quarter. Planning revenue was 
      affected mainly by activity at Grant Tani Barash & Altman (GTBA), the 
      company's West Coast provider of business management and family office 
      services. Since GTBA's fees are based on the amount of income its 
      clients earn, revenue from GTBA can fluctuate up or down from period to 
      period.
    
    
      Business development remained solid. Year-over-year sales increases were 
      recorded by the California, Maryland, and Delaware markets. Sales 
      attributed to Delaware include business from clients in other states 
      whose accounts are located in Delaware in order to benefit from trust, 
      tax, and legal advantages not available for trusts governed by the laws 
      of other states. On a linked-quarter basis, sales increases were 
      recorded by the California, Florida, Maryland, and Pennsylvania markets.
    
    
      Wealth Advisory Services profitability
    
    
      Pretax income from WAS for the 2006 third quarter was the same as for 
      the year-ago third quarter, but expenses were higher year-over-year 
      because of expansion activities, including the East Coast launch of the 
      Wilmington Family Office practice and the opening of new offices in 
      Pennsylvania and New Jersey. This led to a modest decline, year over 
      year, in the efficiency ratio. On a linked-quarter basis, incentive and 
      employment benefits expenses were lower, which improved the efficiency 
      ratio.
    
    
      
        
          Efficiency ratios
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Wealth Advisory Services
        
        
           
        
        
          77.64%
        
        
           
        
        
          79.76%
        
        
           
        
        
          75.53%
        
      
    
    
      THE CORPORATE CLIENT SERVICES BUSINESS
    
    
      Corporate Client Services (CCS) revenue for the 2006 third quarter was 
      $21.1 million. This was 10% more than for the year-ago third quarter, 
      and slightly higher than for the 2006 second quarter. Fees from entity 
      management, retirement services, and investment and cash management 
      services rose on a year-over-year as well as a linked-quarter basis, but 
      these increases were offset by flatness in capital markets revenue.
    
    
      Capital markets revenue for the 2006 third quarter was $8.2 million, 
      down slightly from the year-ago and prior quarter levels. Weakness in 
      U.S. demand for asset-backed securitizations continued to offset growth 
      in defeasance services (transactions in which one type of collateral is 
      exchanged for another) and insurance premium financing.
    
    
      Entity management revenue for the 2006 third quarter was $6.8 million, 
      up 19% from the year-ago third quarter and 3% on a linked-quarter basis. 
      Business development in Europe and the Cayman Islands accounted for most 
      of the growth. In Europe, business activity reflected demand for 
      independent directorships and administrative services, particularly for 
      asset-backed securitizations in Ireland, England, and Greece.
    
    
      Corporate retirement services for the 2006 third quarter was $3.4 
      million, up 6% from the year-ago as well as linked quarter, mainly 
      because clients added funds to their retirement plans. While most CCS 
      fees are transaction-based, approximately 55% of retirement services 
      fees are based on the valuation of retirement plan assets for which the 
      company serves as custodian.
    
    
      CCS investment and cash management revenue for the 2006 third quarter 
      was $2.7 million. This was 42% higher than for the year-ago third 
      quarter, and 8% more than for the 2006 second quarter. These increases 
      resulted from higher client demand and more proactive efforts to market 
      these services. Approximately 30% of the 2006 third quarter 
      investment/cash management revenue was tied to the valuations of 
      domestic fixed income instruments, primarily asset-backed, U.S. 
      Treasury, corporate, and other types of investment grade securities. The 
      remainder was based on money market mutual fund balances.
    
    
      Corporate Client Services profitability
    
    
      On a year-over-year as well as linked-quarter basis, net interest and 
      noninterest income growth outpaced expense growth, which caused the CCS 
      efficiency ratio to improve.
    
    
      
        
          Efficiency ratios
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Corporate Client Services
        
        
           
        
        
          70.71%
        
        
           
        
        
          72.56%
        
        
           
        
        
          76.67%
        
      
    
    
      AFFILIATE MONEY MANAGERS
    
    
      Assets under management at value-style affiliate Cramer Rosenthal 
      McGlynn (CRM) were $9.80 billion at September 30, 2006. This was an 
      increase of $1.30 billion, or 15%, from the amount reported at the end 
      of September 2005, and $392.5 million, or 4%, more than at June 30, 
      2006. Asset inflows, particularly in the mid-cap value product, and 
      market appreciation accounted for the growth.
    
    
      Revenue from CRM for the 2006 third quarter was $4.6 million. This was 
      35% more than for the year-ago third quarter, and reflected the increase 
      in managed assets. On a linked-quarter basis, revenue from CRM declined 
      opposite the increase in managed assets, mainly because the revenue 
      recorded for the 2006 second quarter included higher levels of hedge 
      fund performance fees.
    
    
      
        
          Affiliate managers (in millions)
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Managed assets at Cramer Rosenthal McGlynn
        
        
           
        
        
          $9,784.5 
        
        
           
        
        
          $9,392.0 
        
        
           
        
        
          $8,480.5 
        
      
      
        
          Revenue from Cramer Rosenthal McGlynn
        
        
           
        
        
          $4.6 
        
        
           
        
        
          $5.5 
        
        
           
        
        
          $3.4 
        
      
      
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
      
      
        
          Managed assets at Roxbury Capital Management
        
        
           
        
        
          $3,122.9 
        
        
           
        
        
          $3,253.3 
        
        
           
        
        
          $3,246.6 
        
      
      
        
          Revenue from Roxbury Capital Management
        
        
           
        
        
          -- 
        
        
           
        
        
          $0.3 
        
        
           
        
        
          $0.3 
        
      
    
    
      Growth-style affiliate Roxbury Capital Management (RCM) terminated its 
      micro-cap product during the 2006 third quarter, which reduced managed 
      asset levels and revenue. In addition, costs associated with the fund 
      termination caused expenses to be higher than usual. As a result, RCM's 
      revenue contribution for the quarter was negative and a nominal loss was 
      recorded.
    
    
      OTHER INCOME ITEMS
    
    
      Other noninterest income was lower on a year-over-year basis because the 
      amount reported for the year-ago third quarter included approximately 
      $2.0 million of gains from executive life insurance policies. On a 
      linked-quarter basis, other noninterest income was lower mainly because 
      the amount recorded for the 2006 second quarter included nonrecurring 
      income of approximately $1.0 million from a gain on the sale of real 
      estate.
    
    
      NONINTEREST EXPENSES
    
    
      Noninterest expenses for the 2006 third quarter were $170.9 million. The 
      non-cash charge for RCM accounted for $72.3 million of this amount. 
      Excluding the non-cash charge, noninterest expenses were $98.6 million. 
      This was 6% more than for the year-ago third quarter, and $300,000 more 
      than for the 2006 second quarter.
    
    
      Expansion initiatives and additions to staff were the primary reasons 
      for the increases. In the past 12 months, the company has:
    
    
      
        Launched the Wilmington Family Office practice on the East Coast.
      
      
        Opened new offices in Pennsylvania, New Jersey, Connecticut, and 
        Frankfurt, Germany.
      
      
        Expanded existing offices in Delaware, Pennsylvania, Maryland, and New 
        York.
      
      
        Acquired PwC Corporate Services (Cayman).
      
      
        Invested in technology and added staff to expand services that support 
        collateralized debt obligations.
      
    
    
      At September 30, 2006, there were 2,520 staff members. This was 81 more 
      than at the end of the year-ago third quarter, and 5 more than at the 
      end of the 2006 second quarter. Staffing-related costs continued to 
      account for the majority of noninterest expenses, excluding the non-cash 
      charge.
    
    
      
        
          Staffing-related expenses (dollars in millions)
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2005 Q3
        
      
      
        
          Full-time equivalent staff members
        
        
           
        
        
          2,520 
        
        
           
        
        
          2,515 
        
        
           
        
        
          2,439 
        
      
      
        
          Staffing-related expenses
        
        
           
        
        
          $59.8 
        
        
           
        
        
          $60.0 
        
        
           
        
        
          $56.3 
        
      
    
    
      Among staffing-related expenses, increased salary and wage expenses were 
      offset by accruals for incentives and employment benefits expenses. 
      Effective January 1, 2006, amounts reported for incentive and bonus 
      expense were adjusted to reflect adoption of the retrospective method of 
      accounting for stock-based compensation expense, in accordance with 
      Statement of Financial Accounting Standards No. 123 (revised). 
      Stock-based compensation expense is included in incentive and bonus 
      expense.
    
    
      
        
          Incentives and bonuses

          
            (in millions)
          
        
        
           
        
        
          2006 Q3
        
        
           
        
        
          2006 Q2
        
        
           
        
        
          2006 Q1
        
        
           
        
        
          2005 Q4
        
        
           
        
        
          2005 Q3
        
      
      
        
          Stock option expense
        
        
           
        
        
          $1.7 
        
        
           
        
        
          $1.4 
        
        
           
        
        
          $2.0 
        
        
           
        
        
          $1.8 
        
        
           
        
        
          $1.7 
        
      
      
        
          Total incentives and bonuses
        
        
           
        
        
          $8.9 
        
        
           
        
        
          $10.3 
        
        
           
        
        
          $10.3 
        
        
           
        
        
          $8.8 
        
        
           
        
        
          $9.3 
        
      
    
    
      CAPITAL RATIOS
    
    
      During a review of risk-based capital calculations, the company 
      discovered that the total risk-based capital ratios reported as of 
      December 31, 2005; March 31, 2006; and June 30, 2006, inadvertently 
      included portions of subordinated long-term debt that should have been 
      excluded due to their approaching maturity. The corrected ratios appear 
      in the table below.
    
    
      The total risk-based capital ratio was the only capital ratio affected. 
      All of the company's capital ratios remained well above the regulatory 
      minimum to be considered a well capitalized institution.
    
    
      
        
          
            Corrections to the total risk-based capital ratio
          
        
        
        
        
          At June 30, 2006
        
        
           
        
        
          At March 31, 2006
        
        
           
        
        
          At December 31, 2005
        
      
      
        
           
        
        
          Reported ratio
        
        
           
        
        
          Corrected ratio
        
        
           
        
        
          Reported ratio
        
        
           
        
        
          Corrected ratio
        
        
           
        
        
          Reported ratio
        
        
           
        
        
          Corrected ratio
        
      
      
        
          Total risk-based capital
        
        
           
        
        
          12.66%
        
        
           
        
        
          11.80%
        
        
           
        
        
          12.72%
        
        
           
        
        
          12.21%
        
        
           
        
        
          12.36%
        
        
           
        
        
          12.02%
        
      
    
    
      
        
          Regulatory minimums
        
        
           
        
        
          Adequately capitalized minimum
        
        
           
        
        
          Well capitalized minimum
        
      
      
        
          Total risk-based capital
        
        
           
        
        
          8%
        
        
           
        
        
          10%
        
      
    
    
      Capital ratios for the three months ended September 30, 2006, and the 
      preceding four quarters are included in the supplemental information 
      section of this release.
    
    
      SHARE REPURCHASES
    
    
      During the 2006 third quarter, the company spent $22.2 million to 
      repurchase 504,515 of its shares. The average price per share was 
      $44.08. This brought the total number of shares repurchased under the 
      current 8-million-share program, which commenced in April 2002, to 
      1,350,077, leaving 6,649,923 shares available for repurchase.
    
    
      OUTLOOK FOR THE REMAINDER OF 2006
    
    
      Commenting on the outlook for the remainder of 2006, Cecala said:
    
    
      
        "Our focus on building and strengthening client relationships, plus 
        the expansion investments we have made, have generated strong momentum 
        in each of our businesses for the first nine months of 2006. We expect 
        that momentum to continue.
      
      
        "Economic indicators remain positive overall for the Delaware Valley 
        region, which will benefit the Regional Banking business.
      
      
        "Population growth in Delaware continues to drive housing demand. The 
        housing market has slowed somewhat, but the level of activity remains 
        within what has been considered a historically normal range. Published 
        reports indicate that Delaware's housing market is not expected to 
        experience as sharp a decline as in other parts of the country.
      
      
        "Core deposit pricing tends to lag behind the Federal Open Market 
        Committee interest rate changes. Absent any additional increases, we 
        expect core deposit pricing to catch up, which will cause the net 
        interest margin to decline modestly.
      
      
        "In terms of credit quality, more than 97% of our loans outstanding 
        have pass ratings. We expect the full-year provision for loan losses 
        to be in line with the levels we have seen over the past 10 years, 
        which have ranged from $12 million to $22 million.
      
      
        "As the percentage of loans generated outside of the Delaware market 
        continues to increase, we will continue to use national CDs to help 
        fund earning asset growth – and to help us 
        manage expense growth and interest rate risk.
      
      
        "In Wealth Advisory Services, we expect to see higher levels of 
        planning revenue due to the expansion of our family office 
        capabilities. The majority of Wealth Advisory revenue, however, is 
        tied to financial market levels. We base trust and investment advisory 
        fees on market levels as of the last business day of each month, so 
        changes in revenue from these services may not correlate directly with 
        changes in financial markets.
      
      
        "Business development continues to be solid in Corporate Client 
        Services, especially in Europe and the Caribbean. To further grow this 
        business, we are considering small acquisitions and looking for 
        opportunities to develop new products.
      
      
        "Asset inflows continue at value-style affiliate Cramer Rosenthal 
        McGlynn (CRM). Revenue from CRM will reflect financial market levels.
      
      
        "Growth-style affiliate Roxbury Capital Management (RCM) continues to 
        be profitable. The changes RCM made during the third quarter should 
        have a positive effect on the firm's continuing operations.
      
      
        "Expense growth will reflect the expansion investments we have made 
        this year in each of our businesses, and should approximate 7% for the 
        full year, plus the $72.3 million impairment expense."
      
    
    
      CONFERENCE CALL
    
    
      Management will discuss the 2006 third quarter results and outlook for 
      the future in a conference call today at 10:00 a.m. (EDT). Supporting 
      materials, financial statements, and audio streaming will be available 
      at www.wilmingtontrust.com.
    
    
      To access the call from within the United States, dial [phone] 
      and enter PIN 7811598. From outside the United States, dial (973) 
      582-2839 and enter PIN 7811598.
    
    
      A rebroadcast of the call will be available from 12:30 p.m. (EDT) today 
      until 5:00 p.m. (EDT) on Friday, October 27, 2006, by calling (877) 
      519-4471 inside the United States or [phone] from outside the 
      United States. Use PIN 7811598 to access the rebroadcast.
    
    
      FORWARD-LOOKING STATEMENTS
    
    
      This presentation contains forward-looking statements that reflect our 
      current expectations about our future performance. These statements rely 
      on a number of assumptions and estimates and are subject to various 
      risks and uncertainties that could cause our actual results to differ 
      from our expectations. Factors that could affect our future financial 
      results include, among other things, changes in national or regional 
      economic conditions; changes in market interest rates; significant 
      changes in banking laws or regulations; increased competition in our 
      businesses; higher-than-expected credit losses; the effects of 
      acquisitions; the effects of integrating acquired entities; a 
      substantial and permanent loss of either client accounts and/or assets 
      under management at Wilmington Trust and/or our affiliate money 
      managers, Cramer Rosenthal McGlynn and Roxbury Capital Management; 
      unanticipated changes in regulatory, judicial, or legislative tax 
      treatment of business transactions; and economic uncertainty created by 
      unrest in other parts of the world.
    
    
      ABOUT WILMINGTON TRUST
    
    
      Wilmington Trust Corporation (NYSE:WL) is a financial services holding 
      company that provides Regional Banking services throughout the Delaware 
      Valley region, Wealth Advisory Services for high-net-worth clients in 22 
      countries, and Corporate Client Services for institutional clients in 81 
      countries. Its wholly owned bank subsidiary, Wilmington Trust Company, 
      which was founded in 1903, is one of the largest personal trust 
      providers in the United States and the leading retail and commercial 
      bank in Delaware. Wilmington Trust Corporation and its affiliates have 
      offices in California, Connecticut, Delaware, Florida, Georgia, 
      Maryland, Nevada, New Jersey, New York, Pennsylvania, South Carolina, 
      Vermont, the Cayman Islands, the Channel Islands, London, Dublin, and 
      Frankfurt. For more information, visit www.wilmingtontrust.com.
    
    
      
        
          WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        
      
      
        
          As of and for the nine months ended September 30, 2006
        
      
      
        
          
          
          
            HIGHLIGHTS
          
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          Three Months Ended
        
        
        
        
          Nine Months Ended
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          Sept. 30,
        
        
        
        
          Sept. 30,
        
        
        
        
          %
        
        
        
        
          Sept. 30,
        
        
        
        
          Sept. 30,
        
        
        
        
          %
        
      
      
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          2006 
        
        
           
        
        
          2005 
        
        
           
        
        
          Change
        
        
           
        
        
          2006 
        
        
           
        
        
          2005 
        
        
           
        
        
          Change
        
      
      
        
          OPERATING RESULTS (in millions)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Net interest income
        
        
        
        
          $
        
        
          93.0 
        
        
          $
        
        
          83.7 
        
        
        
        
          11.1 
        
        
          $
        
        
          270.7 
        
        
          $
        
        
          241.4 
        
        
        
        
          12.1 
        
      
      
        
          Provision for loan losses
        
        
        
        
        
        
          (6.6)
        
        
        
        
          (2.9)
        
        
        
        
          127.6 
        
        
        
        
          (14.8)
        
        
        
        
          (9.8)
        
        
        
        
          51.0 
        
      
      
        
          Noninterest income
        
        
        
        
        
        
          84.6 
        
        
        
        
          79.7 
        
        
        
        
          6.1 
        
        
        
        
          253.6 
        
        
        
        
          233.5 
        
        
        
        
          8.6 
        
      
      
        
          Noninterest expense
        
        
        
        
        
        
          170.9 
        
        
        
        
          93.5 
        
        
        
        
          82.8 
        
        
        
        
          366.8 
        
        
        
        
          275.6 
        
        
        
        
          33.1 
        
      
      
        
          Net income
        
        
        
        
        
        
          5.2 
        
        
        
        
          42.8 
        
        
        
        
          (87.9)
        
        
        
        
          96.3 
        
        
        
        
          120.5 
        
        
        
        
          (20.1)
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          PER SHARE DATA
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Basic net income
        
        
        
        
          $
        
        
          0.08 
        
        
          $
        
        
          0.63 
        
        
        
        
          (87.3)
        
        
          $
        
        
          1.41 
        
        
          $
        
        
          1.78 
        
        
        
        
          (20.8)
        
      
      
        
          Diluted net income
        
        
        
        
        
        
          0.07 
        
        
        
        
          0.62 
        
        
        
        
          (88.7)
        
        
        
        
          1.38 
        
        
        
        
          1.76 
        
        
        
        
          (21.6)
        
      
      
        
          Dividends paid
        
        
        
        
        
        
          0.315 
        
        
        
        
          0.30 
        
        
        
        
          5.0 
        
        
        
        
          0.93 
        
        
        
        
          0.885 
        
        
        
        
          5.1 
        
      
      
        
          Book value at period end
        
        
        
        
        
        
          15.55 
        
        
        
        
          14.34 
        
        
        
        
          8.4 
        
        
        
        
          15.55 
        
        
        
        
          14.34 
        
        
        
        
          8.4 
        
      
      
        
          Closing price at period end
        
        
        
        
        
        
          44.55 
        
        
        
        
          36.45 
        
        
        
        
          22.2 
        
        
        
        
          44.55 
        
        
        
        
          36.45 
        
        
        
        
          22.2 
        
      
      
        
          Market range:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          High
        
        
        
        
        
        
          45.61 
        
        
        
        
          39.36 
        
        
        
        
          15.9 
        
        
        
        
          45.61 
        
        
        
        
          39.36 
        
        
        
        
          15.9 
        
      
      
        
        
        
          Low
        
        
        
        
        
        
          40.52 
        
        
        
        
          35.35 
        
        
        
        
          14.6 
        
        
        
        
          38.54 
        
        
        
        
          33.01 
        
        
        
        
          16.8 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            AVERAGE SHARES OUTSTANDING (in thousands)
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          Basic
        
        
        
        
        
        
          68,647 
        
        
        
        
          67,788 
        
        
        
        
          1.3 
        
        
        
        
          68,399 
        
        
        
        
          67,630 
        
        
        
        
          1.1 
        
      
      
        
        
        
          Diluted
        
        
        
        
        
        
          69,933 
        
        
        
        
          68,699 
        
        
        
        
          1.8 
        
        
        
        
          69,716 
        
        
        
        
          68,440 
        
        
        
        
          1.9 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            AVERAGE BALANCE SHEET (in millions)
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Investment portfolio
        
        
        
        
          $
        
        
          1,857.0 
        
        
          $
        
        
          1,930.0 
        
        
        
        
          (3.8)
        
        
          $
        
        
          1,851.2 
        
        
          $
        
        
          1,866.3 
        
        
        
        
          (0.8)
        
      
      
        
          Loans
        
        
        
        
        
        
          7,759.3 
        
        
        
        
          7,128.4 
        
        
        
        
          8.9 
        
        
        
        
          7,628.0 
        
        
        
        
          6,946.8 
        
        
        
        
          9.8 
        
      
      
        
          Earning assets
        
        
        
        
        
        
          9,645.1 
        
        
        
        
          9,111.3 
        
        
        
        
          5.9 
        
        
        
        
          9,501.0 
        
        
        
        
          8,844.6 
        
        
        
        
          7.4 
        
      
      
        
          Core deposits
        
        
        
        
        
        
          4,950.0 
        
        
        
        
          4,853.0 
        
        
        
        
          2.0 
        
        
        
        
          4,912.6 
        
        
        
        
          4,817.4 
        
        
        
        
          2.0 
        
      
      
        
          Stockholders' equity
        
        
        
        
        
        
          1,081.7 
        
        
        
        
          962.2 
        
        
        
        
          12.4 
        
        
        
        
          1,056.3 
        
        
        
        
          937.9 
        
        
        
        
          12.6 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          STATISTICS AND RATIOS (net income annualized)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Return on average stockholders' equity
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
          1.91%
        
        
        
        
          17.65%
        
        
        
        
          (89.2)
        
        
        
        
          12.19%
        
        
        
        
          17.18%
        
        
        
        
          (29.0)
        
      
      
        
          Return on average assets
        
        
        
        
        
        
          0.20%
        
        
        
        
          1.70%
        
        
        
        
          (88.2)
        
        
        
        
          1.24%
        
        
        
        
          1.66%
        
        
        
        
          (25.3)
        
      
      
        
          Net interest margin (taxable equivalent)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
          3.83%
        
        
        
        
          3.66%
        
        
        
        
          4.6 
        
        
        
        
          3.80%
        
        
        
        
          3.65%
        
        
        
        
          4.1 
        
      
      
        
          Dividend payout ratio
        
        
        
        
        
        
          415.38%
        
        
        
        
          47.20%
        
        
        
        
          N/M 
        
        
        
        
          65.94%
        
        
        
        
          49.63%
        
        
        
        
          32.9 
        
      
      
        
          Full-time equivalent headcount
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
          2,520 
        
        
        
        
          2,439 
        
        
        
        
          3.3 
        
        
        
        
          2,520 
        
        
        
        
          2,439 
        
        
        
        
          3.3 
        
      
      
        
          
          
        
        
        
        
        
      
    
    
      
        
          Prior period numbers have been adjusted throughout this report for 
          the retrospective adoption of stock-based compensation accounting.
        
      
    
    
      
        
          WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        
      
      
        
          As of and for the nine months ended September 30, 2006
        
      
      
        
           
        
      
      
        
          QUARTERLY INCOME STATEMENT
        
      
      
        
           
        
      
      
        
        
        
          Three Months Ended
        
      
      
        
        
        
          
            Sept.
          
          
            30,
          
        
        
          
            June
          
          
            30,
          
        
        
          
            Mar.
          
          
            31,
          
        
        
          
            Dec.
          
          
            31,
          
        
        
          
            Sept.
          
          
            30,
          
        
        
          % Change From:
        
      
      
        
        
        
          
            Prior
          
        
        
          Prior
        
      
      
        
          (in millions)
        
        
          2006 
        
        
          2006 
        
        
          2006 
        
        
          2005 
        
        
          2005 
        
        
          Quarter
        
        
          Year
        
      
      
        
          NET INTEREST INCOME
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Interest income
        
        
          $175.0 
        
        
          $165.0 
        
        
          $152.8 
        
        
          $146.2 
        
        
          $134.9 
        
        
          6.1 
        
        
          29.7 
        
      
      
        
          Interest expense
        
        
          82.0 
        
        
          74.6 
        
        
          65.5 
        
        
          58.7 
        
        
          51.2 
        
        
          9.9 
        
        
          60.2 
        
      
      
        
          Net interest income
        
        
          93.0 
        
        
          90.4 
        
        
          87.3 
        
        
          87.5 
        
        
          83.7 
        
        
          2.9 
        
        
          11.1 
        
      
      
        
          
            Provision for loan losses
          
        
        
          (6.6)
        
        
          (4.2)
        
        
          (4.0)
        
        
          (2.0)
        
        
          (2.9)
        
        
          57.1 
        
        
          127.6 
        
      
      
        
          
            Net interest income after provision for loan losses
          
        
        
          86.4 
        
        
          86.2 
        
        
          83.3 
        
        
          85.5 
        
        
          80.8 
        
        
          0.2 
        
        
          6.9 
        
      
      
        
          NONINTEREST INCOME
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Advisory fees:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            Wealth Advisory Services
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            Trust and investment advisory fees
          
        
        
          33.0 
        
        
          33.1 
        
        
          34.3 
        
        
          31.1 
        
        
          32.7 
        
        
          (0.3)
        
        
          0.9 
        
      
      
        
          Mutual fund fees
        
        
          5.3 
        
        
          5.0 
        
        
          4.7 
        
        
          4.5 
        
        
          4.4 
        
        
          6.0 
        
        
          20.5 
        
      
      
        
          
            Planning and other services
          
        
        
          8.8 
        
        
          8.9 
        
        
          7.3 
        
        
          7.1 
        
        
          6.4 
        
        
          (1.1)
        
        
          37.5 
        
      
      
        
          
            Total Wealth
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Advisory
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Services
        
        
          47.1 
        
        
          47.0 
        
        
          46.3 
        
        
          42.7 
        
        
          43.5 
        
        
          0.2 
        
        
          8.3 
        
      
      
        
          Corporate
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Client Services
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            Capital markets services
          
        
        
          8.2 
        
        
          8.5 
        
        
          8.7 
        
        
          8.9 
        
        
          8.3 
        
        
          (3.5)
        
        
          (1.2)
        
      
      
        
          
            Entity management services
          
        
        
          6.8 
        
        
          6.6 
        
        
          6.5 
        
        
          6.1 
        
        
          5.7 
        
        
          3.0 
        
        
          19.3 
        
      
      
        
          Retirement services
        
        
          3.4 
        
        
          3.2 
        
        
          3.1 
        
        
          3.3 
        
        
          3.2 
        
        
          6.2 
        
        
          6.2 
        
      
      
        
          
            Investment / cash management services
          
        
        
          2.7 
        
        
          2.5 
        
        
          2.1 
        
        
          2.3 
        
        
          1.9 
        
        
          8.0 
        
        
          42.1 
        
      
      
        
          Total Corporate
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Client
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Services
        
        
          21.1 
        
        
          20.8 
        
        
          20.4 
        
        
          20.6 
        
        
          19.1 
        
        
          1.4 
        
        
          10.5 
        
      
      
        
          
            Cramer Rosenthal McGlynn
          
        
        
          4.6 
        
        
          5.5 
        
        
          4.0 
        
        
          4.3 
        
        
          3.4 
        
        
          (16.4)
        
        
          35.3 
        
      
      
        
          
            Roxbury Capital Management
          
        
        
          ---- 
        
        
          0.3 
        
        
          0.9 
        
        
          0.6 
        
        
          0.3 
        
        
          (100.0)
        
        
          (100.0)
        
      
      
        
          Advisory fees
        
        
          72.8 
        
        
          73.6 
        
        
          71.6 
        
        
          68.2 
        
        
          66.3 
        
        
          (1.1)
        
        
          9.8 
        
      
      
        
          
            Amortization of affiliate other intangibles
          
        
        
          (1.1)
        
        
          (1.0)
        
        
          (1.0)
        
        
          (1.0)
        
        
          (1.0)
        
        
          10.0 
        
        
          10.0 
        
      
      
        
          
            Advisory fees after amortization of affiliate other intangibles
          
        
        
          71.7 
        
        
          72.6 
        
        
          70.6 
        
        
          67.2 
        
        
          65.3 
        
        
          (1.2)
        
        
          9.8 
        
      
      
        
          
            Service charges on deposit accounts
          
        
        
          7.3 
        
        
          7.0 
        
        
          6.9 
        
        
          7.3 
        
        
          7.4 
        
        
          4.3 
        
        
          (1.4)
        
      
      
        
          
            Other noninterest income
          
        
        
          5.5 
        
        
          6.8 
        
        
          5.2 
        
        
          5.3 
        
        
          7.0 
        
        
          (19.1)
        
        
          (21.4)
        
      
      
        
          Securities gains/(losses)
        
        
          0.1 
        
        
          (0.1)
        
        
          ---- 
        
        
          ---- 
        
        
          ---- 
        
        
          ---- 
        
        
          ---- 
        
      
      
        
          
            Total noninterest income
          
        
        
          84.6 
        
        
          86.3 
        
        
          82.7 
        
        
          79.8 
        
        
          79.7 
        
        
          (2.0)
        
        
          6.1 
        
      
      
        
          
            Net interest and noninterest income
          
        
        
          171.0 
        
        
          172.5 
        
        
          166.0 
        
        
          165.3 
        
        
          160.5 
        
        
          (0.9)
        
        
          6.5 
        
      
      
        
          NONINTEREST EXPENSE
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Salaries and wages
        
        
          39.5 
        
        
          37.8 
        
        
          36.9 
        
        
          36.4 
        
        
          35.4 
        
        
          4.5 
        
        
          11.6 
        
      
      
        
          Incentives and bonuses
        
        
          8.9 
        
        
          10.3 
        
        
          10.3 
        
        
          8.8 
        
        
          9.3 
        
        
          (13.6)
        
        
          (4.3)
        
      
      
        
          Employment benefits
        
        
          11.4 
        
        
          11.9 
        
        
          13.5 
        
        
          11.5 
        
        
          11.6 
        
        
          (4.2)
        
        
          (1.7)
        
      
      
        
          Net occupancy
        
        
          6.7 
        
        
          6.3 
        
        
          5.9 
        
        
          6.1 
        
        
          5.5 
        
        
          6.3 
        
        
          21.8 
        
      
      
        
          
            Furniture, equipment, and supplies
          
        
        
          9.2 
        
        
          9.9 
        
        
          9.0 
        
        
          8.4 
        
        
          8.7 
        
        
          (7.1)
        
        
          5.7 
        
      
      
        
          
            Other noninterest expense:
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            Advertising and contributions
          
        
        
          2.2 
        
        
          2.1 
        
        
          1.9 
        
        
          2.5 
        
        
          2.4 
        
        
          4.8 
        
        
          (8.3)
        
      
      
        
          
            Servicing and consulting fees
          
        
        
          2.8 
        
        
          2.4 
        
        
          2.3 
        
        
          2.9 
        
        
          2.3 
        
        
          16.7 
        
        
          21.7 
        
      
      
        
          Subadvisor expense
        
        
          2.7 
        
        
          2.9 
        
        
          2.8 
        
        
          2.5 
        
        
          2.7 
        
        
          (6.9)
        
        
          ---- 
        
      
      
        
          
            Travel, entertainment, and training
          
        
        
          2.5 
        
        
          2.3 
        
        
          2.2 
        
        
          2.6 
        
        
          2.6 
        
        
          8.7 
        
        
          (3.8)
        
      
      
        
          
            Originating and processing fees
          
        
        
          2.8 
        
        
          2.4 
        
        
          2.8 
        
        
          2.8 
        
        
          2.8 
        
        
          16.7 
        
        
          ---- 
        
      
      
        
          Other expense
        
        
          9.9 
        
        
          10.0 
        
        
          9.9 
        
        
          10.0 
        
        
          10.2 
        
        
          (1.0)
        
        
          (2.9)
        
      
      
        
          
            Total other noninterest expense
          
        
        
          22.9 
        
        
          22.1 
        
        
          21.9 
        
        
          23.3 
        
        
          23.0 
        
        
          3.6 
        
        
          (0.4)
        
      
      
        
          
            Total noninterest expense before impairment
          
        
        
          98.6 
        
        
          98.3 
        
        
          97.5 
        
        
          94.5 
        
        
          93.5 
        
        
          0.3 
        
        
          5.5 
        
      
      
        
          Impairment write-down
        
        
          72.3 
        
        
          ---- 
        
        
          ---- 
        
        
          ---- 
        
        
          ---- 
        
        
          ---- 
        
        
          ---- 
        
      
      
        
          Total noninterest expense
        
        
          170.9 
        
        
          98.3 
        
        
          97.5 
        
        
          94.5 
        
        
          93.5 
        
        
          73.9 
        
        
          82.8 
        
      
      
        
          
            Income before income taxes and minority interest
          
        
        
          0.1 
        
        
          74.2 
        
        
          68.5 
        
        
          70.8 
        
        
          67.0 
        
        
          (99.9)
        
        
          (99.9)
        
      
      
        
          Applicable income taxes
        
        
          (5.0)
        
        
          27.2 
        
        
          24.3 
        
        
          24.3 
        
        
          24.1 
        
        
          ---- 
        
        
          ---- 
        
      
      
        
          
            Net income before minority interest
          
        
        
          5.1 
        
        
          47.0 
        
        
          44.2 
        
        
          46.5 
        
        
          42.9 
        
        
          (89.1)
        
        
          (88.1)
        
      
      
        
          Minority interest
        
        
          (0.1)
        
        
          0.1 
        
        
          0.1 
        
        
          ---- 
        
        
          0.1 
        
        
          ---- 
        
        
          ---- 
        
      
      
        
          Net income
        
        
          $5.2 
        
        
          $46.9 
        
        
          $44.1 
        
        
          $46.5 
        
        
          $42.8 
        
        
          (88.9)
        
        
          (87.9)
        
      
    
    
      
        
          WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        
      
      
        
          As of and for the nine months ended September 30, 2006
        
      
      
        
           
        
      
      
        
          
            YEAR-TO-DATE INCOME STATEMENT
          
        
      
      
        
           
        
      
      
        
        
        
        
        
          Nine Months Ended
        
      
      
        
           
        
      
      
        
        
        
        
        
          Sept. 30,
        
        
        
        
          Sept. 30,
        
        
        
        
          %
        
      
      
        
          (in millions)
        
        
           
        
        
          2006 
        
        
           
        
        
          2005 
        
        
           
        
        
          Change
        
      
      
        
          NET INTEREST INCOME
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Interest income
        
        
        
        
          $
        
        
          492.9 
        
        
        
        
          $
        
        
          370.4 
        
        
        
        
          33.1 
        
      
      
        
          Interest expense
        
        
           
        
        
           
        
        
          222.2 
        
        
           
        
        
           
        
        
          129.0 
        
        
        
        
          72.2 
        
      
      
        
          Net interest income
        
        
        
        
        
        
          270.7 
        
        
        
        
        
        
          241.4 
        
        
        
        
          12.1 
        
      
      
        
          
            Provision for loan losses
          
        
        
           
        
        
           
        
        
          (14.8)
        
        
           
        
        
           
        
        
          (9.8)
        
        
        
        
          51.0 
        
      
      
        
          
            Net interest income after provision for loan losses
          
        
        
        
        
           
        
        
          255.9 
        
        
           
        
        
           
        
        
          231.6 
        
        
        
        
          10.5 
        
      
      
        
          NONINTEREST INCOME
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Advisory fees:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            Wealth Advisory Services
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            Trust and investment advisory fees
          
        
        
        
        
        
        
          100.4 
        
        
        
        
        
        
          92.9 
        
        
        
        
          8.1 
        
      
      
        
          Mutual fund fees
        
        
        
        
        
        
          15.0 
        
        
        
        
        
        
          13.2 
        
        
        
        
          13.6 
        
      
      
        
          
            Planning and other services
          
        
        
           
        
        
           
        
        
          25.1 
        
        
           
        
        
           
        
        
          23.3 
        
        
        
        
          7.7 
        
      
      
        
          Total Wealth
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Advisory
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Services
        
        
        
        
           
        
        
          140.5 
        
        
           
        
        
           
        
        
          129.4 
        
        
        
        
          8.6 
        
      
      
        
          Corporate
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Client Services
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            Capital markets services
          
        
        
        
        
        
        
          25.4 
        
        
        
        
        
        
          23.7 
        
        
        
        
          7.2 
        
      
      
        
          
            Entity management services
          
        
        
        
        
        
        
          19.8 
        
        
        
        
        
        
          17.5 
        
        
        
        
          13.1 
        
      
      
        
          Retirement services
        
        
        
        
        
        
          9.8 
        
        
        
        
        
        
          9.1 
        
        
        
        
          7.7 
        
      
      
        
          
            Investment / cash management services
          
        
        
           
        
        
           
        
        
          7.3 
        
        
           
        
        
           
        
        
          5.4 
        
        
        
        
          35.2 
        
      
      
        
          Total Corporate
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Client
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Services
        
        
        
        
           
        
        
          62.3 
        
        
           
        
        
           
        
        
          55.7 
        
        
        
        
          11.8 
        
      
      
        
          
            Cramer Rosenthal McGlynn
          
        
        
        
        
        
        
          14.1 
        
        
        
        
        
        
          11.8 
        
        
        
        
          19.5 
        
      
      
        
          
            Roxbury Capital Management
          
        
        
           
        
        
           
        
        
          1.1 
        
        
           
        
        
           
        
        
          0.8 
        
        
        
        
          37.5 
        
      
      
        
          Advisory fees
        
        
        
        
        
        
          218.0 
        
        
        
        
        
        
          197.7 
        
        
        
        
          10.3 
        
      
      
        
          
            Amortization of affiliate other intangibles
          
        
        
           
        
        
           
        
        
          (3.1)
        
        
           
        
        
           
        
        
          (3.1)
        
        
        
        
          ---- 
        
      
      
        
          
            Advisory fees after amortization of affiliate other intangibles
          
        
        
        
        
           
        
        
          214.9 
        
        
           
        
        
           
        
        
          194.6 
        
        
        
        
          10.4 
        
      
      
        
          
            Service charges on deposit accounts
          
        
        
        
        
        
        
          21.1 
        
        
        
        
        
        
          20.9 
        
        
        
        
          1.0 
        
      
      
        
          
            Other noninterest income
          
        
        
        
        
        
        
          17.6 
        
        
        
        
        
        
          17.2 
        
        
        
        
          2.3 
        
      
      
        
          Securities gains
        
        
           
        
        
           
        
        
          ---- 
        
        
           
        
        
           
        
        
          0.8 
        
        
        
        
          (100.0)
        
      
      
        
          
            Total noninterest income
          
        
        
        
        
           
        
        
          253.6 
        
        
           
        
        
           
        
        
          233.5 
        
        
        
        
          8.6 
        
      
      
        
          
            Net interest and noninterest income
          
        
        
        
        
           
        
        
          509.5 
        
        
           
        
        
           
        
        
          465.1 
        
        
        
        
          9.5 
        
      
      
        
          NONINTEREST EXPENSE
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Salaries and wages
        
        
        
        
        
        
          114.1 
        
        
        
        
        
        
          103.3 
        
        
        
        
          10.5 
        
      
      
        
          Incentives and bonuses
        
        
        
        
        
        
          29.5 
        
        
        
        
        
        
          29.1 
        
        
        
        
          1.4 
        
      
      
        
          Employment benefits
        
        
        
        
        
        
          36.8 
        
        
        
        
        
        
          35.8 
        
        
        
        
          2.8 
        
      
      
        
          
            Net occupancy
          
        
        
        
        
        
        
          19.0 
        
        
        
        
        
        
          16.3 
        
        
        
        
          16.6 
        
      
      
        
          
            Furniture, equipment, and supplies
          
        
        
        
        
        
        
          28.2 
        
        
        
        
        
        
          26.3 
        
        
        
        
          7.2 
        
      
      
        
          
            Other noninterest expense:
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            Advertising and contributions
          
        
        
        
        
        
        
          6.2 
        
        
        
        
        
        
          6.6 
        
        
        
        
          (6.1)
        
      
      
        
          
            Servicing and consulting fees
          
        
        
        
        
        
        
          7.5 
        
        
        
        
        
        
          7.3 
        
        
        
        
          2.7 
        
      
      
        
          Subadvisor expense
        
        
        
        
        
        
          8.4 
        
        
        
        
        
        
          6.9 
        
        
        
        
          21.7 
        
      
      
        
          
            Travel, entertainment, and training
          
        
        
        
        
        
        
          7.0 
        
        
        
        
        
        
          6.2 
        
        
        
        
          12.9 
        
      
      
        
          
            Originating and processing fees
          
        
        
        
        
        
        
          8.0 
        
        
        
        
        
        
          7.7 
        
        
        
        
          3.9 
        
      
      
        
          Other expense
        
        
           
        
        
           
        
        
          29.8 
        
        
           
        
        
           
        
        
          30.1 
        
        
        
        
          (1.0)
        
      
      
        
          
            Total other noninterest expense
          
        
        
        
        
           
        
        
          66.9 
        
        
           
        
        
           
        
        
          64.8 
        
        
        
        
          3.2 
        
      
      
        
          
            Total noninterest expense before impairment
          
        
        
        
        
        
        
          294.5 
        
        
        
        
        
        
          275.6 
        
        
        
        
          6.9 
        
      
      
        
          Impairment write-down
        
        
        
        
           
        
        
          72.3 
        
        
           
        
        
           
        
        
          ---- 
        
        
        
        
          ---- 
        
      
      
        
          Total noninterest expense
        
        
        
        
           
        
        
          366.8 
        
        
           
        
        
           
        
        
          275.6 
        
        
        
        
          33.1 
        
      
      
        
          
            Income before income taxes and minority interest
          
        
        
        
        
        
        
          142.7 
        
        
        
        
        
        
          189.5 
        
        
        
        
          (24.7)
        
      
      
        
          Applicable income taxes
        
        
           
        
        
           
        
        
          46.3 
        
        
           
        
        
           
        
        
          68.8 
        
        
        
        
          (32.7)
        
      
      
        
          
            Net income before minority interest
          
        
        
        
        
        
        
          96.4 
        
        
        
        
        
        
          120.7 
        
        
        
        
          (20.1)
        
      
      
        
          Minority interest
        
        
           
        
        
           
        
        
          0.1 
        
        
           
        
        
           
        
        
          0.2 
        
        
        
        
          (50.0)
        
      
      
        
          Net income
        
        
        
        
          $
        
        
          96.3 
        
        
           
        
        
          $
        
        
          120.5 
        
        
        
        
          (20.1)
        
      
    
    
      
        
          WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        
      
      
        
          As of and for the nine months ended September 30, 2006
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          COMPARISON OF RESULTS WITH AND WITHOUT THE IMPAIRMENT WRITE-DOWN
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
          Three months ended September 30, 2006
        
        
          Nine months ended September 30, 2006
        
      
      
        
        
        
        
        
        
        
        
        
          With
        
        
        
        
        
        
          Without
        
        
        
        
        
        
        
        
        
        
          With
        
        
        
        
        
        
          Without
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
          impairment
        
        
        
        
        
        
          impairment
        
        
        
        
        
        
          Impairment
        
        
        
        
          impairment
        
        
        
        
        
        
          impairment
        
        
        
        
        
        
          Impairment
        
      
      
        
          OPERATING RESULTS (in millions)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net interest income
        
        
        
        
        
        
          $
        
        
          93.0 
        
        
        
        
          $
        
        
          93.0 
        
        
        
        
          $
        
        
          ---- 
        
        
          $
        
        
          270.7 
        
        
        
        
          $
        
        
          270.7 
        
        
        
        
          $
        
        
          ---- 
        
      
      
        
          Provision for loan losses
        
        
        
        
        
        
        
        
          (6.6)
        
        
        
        
        
        
          (6.6)
        
        
        
        
        
        
          ---- 
        
        
        
        
          (14.8)
        
        
        
        
        
        
          (14.8)
        
        
        
        
        
        
          ---- 
        
      
      
        
          Noninterest income
        
        
        
        
        
        
        
        
          84.6 
        
        
        
        
        
        
          84.6 
        
        
        
        
        
        
          ---- 
        
        
        
        
          253.6 
        
        
        
        
        
        
          253.6 
        
        
        
        
        
        
          ---- 
        
      
      
        
          Noninterest expense
        
        
           
        
        
           
        
        
           
        
        
          170.9 
        
        
           
        
        
           
        
        
          98.6 
        
        
           
        
        
           
        
        
          72.3 
        
        
           
        
        
          366.8 
        
        
           
        
        
           
        
        
          294.5 
        
        
           
        
        
           
        
        
          72.3 
        
      
      
        
          
            Income before taxes and minority interest
          
        
        
        
        
        
        
        
        
          0.1 
        
        
        
        
        
        
          72.4 
        
        
        
        
        
        
          (72.3)
        
        
        
        
          142.7 
        
        
        
        
        
        
          215.0 
        
        
        
        
        
        
          (72.3)
        
      
      
        
          Applicable income taxes
        
        
           
        
        
           
        
        
           
        
        
          (5.0)
        
        
           
        
        
           
        
        
          25.6 
        
        
           
        
        
           
        
        
          (30.6)
        
        
           
        
        
          46.3 
        
        
           
        
        
           
        
        
          76.9 
        
        
           
        
        
           
        
        
          (30.6)
        
      
      
        
          
            Net income before minority interest
          
        
        
        
        
        
        
        
        
          5.1 
        
        
        
        
        
        
          46.8 
        
        
        
        
        
        
          (41.7)
        
        
        
        
          96.4 
        
        
        
        
        
        
          138.1 
        
        
        
        
        
        
          (41.7)
        
      
      
        
          Minority interest
        
        
           
        
        
           
        
        
           
        
        
          (0.1)
        
        
           
        
        
           
        
        
          (0.1)
        
        
           
        
        
           
        
        
          ---- 
        
        
           
        
        
          0.1 
        
        
           
        
        
           
        
        
          0.1 
        
        
           
        
        
           
        
        
          ---- 
        
      
      
        
          Net income
        
        
        
        
        
        
          $
        
        
          5.2 
        
        
           
        
        
          $
        
        
          46.9 
        
        
           
        
        
          $
        
        
          (41.7)
        
        
          $
        
        
          96.3 
        
        
           
        
        
          $
        
        
          138.0 
        
        
           
        
        
          $
        
        
          (41.7)
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          PER SHARE DATA
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Diluted shares outstanding (in millions)
        
        
        
        
        
        
        
        
          69.9 
        
        
        
        
        
        
          69.9 
        
        
        
        
        
        
          ---- 
        
        
        
        
          69.7 
        
        
        
        
        
        
          69.7 
        
        
        
        
        
        
          ---- 
        
      
      
        
          Per-share earnings
        
        
        
        
        
        
          $
        
        
          0.07 
        
        
        
        
          $
        
        
          0.67 
        
        
        
        
          
            $
          
        
        
          
            (0.60)
          
        
        
          $
        
        
          
            1.38 
          
        
        
        
        
          $
        
        
          
            1.98 
          
        
        
        
        
          $
        
        
          
            (0.60)
          
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          STATISTICS AND RATIOS (dollars in millions)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Total assets, on average
        
        
        
        
        
        
          $
        
        
          10,522.2 
        
        
        
        
          $
        
        
          10,523.0 
        
        
        
        
          $
        
        
          (0.8)
        
        
          $
        
        
          10,354.4 
        
        
        
        
          $
        
        
          10,354.6 
        
        
        
        
          $
        
        
          (0.2)
        
      
      
        
          Stockholders' equity, on average
        
        
        
        
        
        
        
        
          1,081.7 
        
        
        
        
        
        
          1,082.2 
        
        
        
        
        
        
          (0.5)
        
        
        
        
          1,056.3 
        
        
        
        
        
        
          1,056.4 
        
        
        
        
        
        
          (0.1)
        
      
      
        
          Return on average assets
        
        
        
        
        
        
        
        
          0.20%
        
        
        
        
        
        
          1.77%
        
        
        
        
        
        
          (1.57)%
        
        
        
        
          1.24%
        
        
        
        
        
        
          1.78%
        
        
        
        
        
        
          (0.54)%
        
      
      
        
          Return on equity
        
        
        
        
        
        
        
        
          1.91%
        
        
        
        
        
        
          17.23%
        
        
        
        
        
        
          (15.32)%
        
        
        
        
          12.19%
        
        
        
        
        
        
          17.47%
        
        
        
        
        
        
          (5.28)%
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            Net interest before provision and noninterest income
          
        
        
        
        
        
        
          $
        
        
          177.6 
        
        
        
        
          $
        
        
          177.6 
        
        
        
        
          $
        
        
          ---- 
        
        
          $
        
        
          524.3 
        
        
        
        
          $
        
        
          524.3 
        
        
        
        
          $
        
        
          ---- 
        
      
      
        
          Tax equivalent interest income
        
        
           
        
        
           
        
        
           
        
        
          1.1 
        
        
           
        
        
           
        
        
          1.1 
        
        
           
        
        
           
        
        
          ---- 
        
        
           
        
        
          3.2 
        
        
           
        
        
           
        
        
          3.2 
        
        
           
        
        
           
        
        
          ---- 
        
      
      
        
        
        
        
        
        
        
          $
        
        
          178.7 
        
        
        
        
          $
        
        
          178.7 
        
        
        
        
          $
        
        
          ---- 
        
        
          $
        
        
          527.5 
        
        
        
        
          $
        
        
          527.5 
        
        
        
        
          $
        
        
          ---- 
        
      
      
        
          Noninterest expense
        
        
        
        
        
        
          $
        
        
          (170.9)
        
        
           
        
        
          $
        
        
          (98.6)
        
        
           
        
        
          $
        
        
          (72.3)
        
        
          $
        
        
          (366.8)
        
        
           
        
        
          $
        
        
          (294.5)
        
        
           
        
        
          $
        
        
          (72.3)
        
      
      
        
          Efficiency ratio
        
        
        
        
        
        
        
        
          95.64%
        
        
        
        
        
        
          55.18%
        
        
        
        
        
        
          40.46%
        
        
        
        
          69.54%
        
        
        
        
        
        
          55.83%
        
        
        
        
        
        
          13.71%
        
      
    
    
      
        
          WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        
      
      
        
          As of and for the nine months ended September 30, 2006
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          STATEMENT OF CONDITION
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          
            % Change From:
          
        
      
      
        
        
        
        
        
          Sept. 30,
        
        
        
        
          June 30,
        
        
        
        
          Mar. 31,
        
        
        
        
          Dec. 31,
        
        
        
        
          Sept. 30,
        
        
          Prior
        
        
          Prior
        
      
      
        
          (in millions)
        
        
           
        
        
          2006 
        
        
           
        
        
          2006 
        
        
           
        
        
          2006 
        
        
           
        
        
          2005 
        
        
           
        
        
          2005 
        
        
          Quarter
        
        
          Year
        
      
      
        
          ASSETS
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Cash and due from banks
        
        
          $
        
        
          268.4 
        
        
          $
        
        
          258.5 
        
        
          $
        
        
          219.2 
        
        
          $
        
        
          264.0 
        
        
          $
        
        
          286.8 
        
        
          3.8 
        
        
          (6.4)
        
      
      
        
          Federal funds sold and securities purchased under agreements to 
          resell
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
          38.4 
        
        
           
        
        
          66.7 
        
        
           
        
        
          44.9 
        
        
           
        
        
          14.3 
        
        
           
        
        
          64.0 
        
        
          (42.4)
        
        
          (40.0)
        
      
      
        
          Investment securities:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          U.S. Treasury
        
        
        
        
          230.8 
        
        
        
        
          181.4 
        
        
        
        
          136.8 
        
        
        
        
          161.1 
        
        
        
        
          136.8 
        
        
          27.2 
        
        
          68.7 
        
      
      
        
          Government agencies
        
        
        
        
          533.0 
        
        
        
        
          416.5 
        
        
        
        
          394.5 
        
        
        
        
          410.8 
        
        
        
        
          389.4 
        
        
          28.0 
        
        
          36.9 
        
      
      
        
          Obligations of state and political subdivisions
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          9.4 
        
        
        
        
          10.4 
        
        
        
        
          10.5 
        
        
        
        
          11.0 
        
        
        
        
          11.2 
        
        
          (9.6)
        
        
          (16.1)
        
      
      
        
          Preferred stock
        
        
        
        
          91.0 
        
        
        
        
          88.1 
        
        
        
        
          90.2 
        
        
        
        
          90.6 
        
        
        
        
          91.1 
        
        
          3.3 
        
        
          (0.1)
        
      
      
        
          Mortgage-backed securities
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          726.8 
        
        
        
        
          751.0 
        
        
        
        
          806.4 
        
        
        
        
          852.1 
        
        
        
        
          913.9 
        
        
          (3.2)
        
        
          (20.5)
        
      
      
        
          Other securities
        
        
           
        
        
          391.3 
        
        
           
        
        
          389.8 
        
        
           
        
        
          401.9 
        
        
           
        
        
          403.2 
        
        
           
        
        
          384.6 
        
        
          0.4 
        
        
          1.7 
        
      
      
        
          Total investment securities
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          1,982.3 
        
        
           
        
        
          1,837.2 
        
        
           
        
        
          1,840.3 
        
        
           
        
        
          1,928.8 
        
        
           
        
        
          1,927.0 
        
        
          7.9 
        
        
          2.9 
        
      
      
        
          Loans:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Commercial, financial and agricultural
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          2,378.1 
        
        
        
        
          2,445.5 
        
        
        
        
          2,445.9 
        
        
        
        
          2,461.3 
        
        
        
        
          2,465.9 
        
        
          (2.8)
        
        
          (3.6)
        
      
      
        
          Real estate-construction
        
        
        
        
          1,610.9 
        
        
        
        
          1,574.3 
        
        
        
        
          1,411.9 
        
        
        
        
          1,233.9 
        
        
        
        
          1,098.9 
        
        
          2.3 
        
        
          46.6 
        
      
      
        
          Mortgage-commercial
        
        
           
        
        
          1,254.5 
        
        
           
        
        
          1,222.8 
        
        
           
        
        
          1,245.4 
        
        
           
        
        
          1,223.9 
        
        
           
        
        
          1,239.4 
        
        
          2.6 
        
        
          1.2 
        
      
      
        
          Total commercial loans
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          5,243.5 
        
        
           
        
        
          5,242.6 
        
        
           
        
        
          5,103.2 
        
        
           
        
        
          4,919.1 
        
        
           
        
        
          4,804.2 
        
        
          ---- 
        
        
          9.1 
        
      
      
        
          Mortgage-residential
        
        
        
        
          518.7 
        
        
        
        
          503.0 
        
        
        
        
          473.4 
        
        
        
        
          455.5 
        
        
        
        
          450.9 
        
        
          3.1 
        
        
          15.0 
        
      
      
        
          Consumer
        
        
        
        
          1,489.7 
        
        
        
        
          1,452.4 
        
        
        
        
          1,408.5 
        
        
        
        
          1,438.3 
        
        
        
        
          1,414.8 
        
        
          2.6 
        
        
          5.3 
        
      
      
        
          Secured with liquid collateral
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
           
        
        
          528.3 
        
        
           
        
        
          557.2 
        
        
           
        
        
          553.9 
        
        
           
        
        
          584.8 
        
        
           
        
        
          622.9 
        
        
          (5.2)
        
        
          (15.2)
        
      
      
        
          Total retail loans
        
        
        
        
          2,536.7 
        
        
           
        
        
          2,512.6 
        
        
           
        
        
          2,435.8 
        
        
           
        
        
          2,478.6 
        
        
           
        
        
          2,488.6 
        
        
          1.0 
        
        
          1.9 
        
      
      
        
          Total loans net of unearned income
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          7,780.2 
        
        
        
        
          7,755.2 
        
        
        
        
          7,539.0 
        
        
        
        
          7,397.7 
        
        
        
        
          7,292.8 
        
        
          0.3 
        
        
          6.7 
        
      
      
        
          Reserve for loan losses
        
        
           
        
        
          (93.6)
        
        
           
        
        
          (94.3)
        
        
           
        
        
          (93.6)
        
        
           
        
        
          (91.4)
        
        
           
        
        
          (93.4)
        
        
          (0.7)
        
        
          0.2 
        
      
      
        
          Net loans
        
        
        
        
          7,686.6 
        
        
           
        
        
          7,660.9 
        
        
           
        
        
          7,445.4 
        
        
           
        
        
          7,306.3 
        
        
           
        
        
          7,199.4 
        
        
          0.3 
        
        
          6.8 
        
      
      
        
          Premises and equipment
        
        
        
        
          151.6 
        
        
        
        
          151.2 
        
        
        
        
          148.7 
        
        
        
        
          147.6 
        
        
        
        
          147.2 
        
        
          0.3 
        
        
          3.0 
        
      
      
        
          Goodwill
        
        
        
        
          291.1 
        
        
        
        
          363.0 
        
        
        
        
          348.5 
        
        
        
        
          348.3 
        
        
        
        
          344.3 
        
        
          (19.8)
        
        
          (15.5)
        
      
      
        
          Other intangibles
        
        
        
        
          38.8 
        
        
        
        
          38.9 
        
        
        
        
          35.0 
        
        
        
        
          36.2 
        
        
        
        
          40.2 
        
        
          (0.3)
        
        
          (3.5)
        
      
      
        
          Other assets
        
        
           
        
        
          240.0 
        
        
           
        
        
          214.3 
        
        
           
        
        
          182.6 
        
        
           
        
        
          187.3 
        
        
           
        
        
          189.5 
        
        
          12.0 
        
        
          26.6 
        
      
      
        
          Total assets
        
        
          $
        
        
          10,697.2 
        
        
          $
        
        
          10,590.7 
        
        
          $
        
        
          10,264.6 
        
        
          $
        
        
          10,232.8 
        
        
          $
        
        
          10,198.4 
        
        
          1.0 
        
        
          4.9 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          LIABILITIES AND STOCKHOLDERS' EQUITY
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Deposits:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Noninterest-bearing demand
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          $
        
        
          861.3 
        
        
          $
        
        
          813.8 
        
        
          $
        
        
          830.2 
        
        
          $
        
        
          1,014.8 
        
        
          $
        
        
          1,060.8 
        
        
          5.8 
        
        
          (18.8)
        
      
      
        
          Interest-bearing: Savings
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          292.5 
        
        
        
        
          313.1 
        
        
        
        
          328.0 
        
        
        
        
          326.3 
        
        
        
        
          332.7 
        
        
          (6.6)
        
        
          (12.1)
        
      
      
        
          Interest-bearing demand
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          2,417.5 
        
        
        
        
          2,355.9 
        
        
        
        
          2,352.1 
        
        
        
        
          2,360.0 
        
        
        
        
          2,317.5 
        
        
          2.6 
        
        
          4.3 
        
      
      
        
          Certificates under $100,000
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          995.5 
        
        
        
        
          991.1 
        
        
        
        
          960.4 
        
        
        
        
          923.0 
        
        
        
        
          840.6 
        
        
          0.4 
        
        
          18.4 
        
      
      
        
          Local certificates $100,000 and over
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
           
        
        
          574.7 
        
        
           
        
        
          550.6 
        
        
           
        
        
          513.3 
        
        
           
        
        
          436.5 
        
        
           
        
        
          411.0 
        
        
          4.4 
        
        
          39.8 
        
      
      
        
          Total core deposits
        
        
        
        
          5,141.5 
        
        
        
        
          5,024.5 
        
        
        
        
          4,984.0 
        
        
        
        
          5,060.6 
        
        
        
        
          4,962.6 
        
        
          2.3 
        
        
          3.6 
        
      
      
        
          National certificates $100,000 and over
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
           
        
        
          2,742.7 
        
        
           
        
        
          2,760.6 
        
        
           
        
        
          2,707.2 
        
        
           
        
        
          2,228.6 
        
        
           
        
        
          2,586.3 
        
        
          (0.6)
        
        
          6.0 
        
      
      
        
          Total deposits
        
        
        
        
          7,884.2 
        
        
           
        
        
          7,785.1 
        
        
           
        
        
          7,691.2 
        
        
           
        
        
          7,289.2 
        
        
           
        
        
          7,548.9 
        
        
          1.3 
        
        
          4.4 
        
      
      
        
          Short-term borrowings:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Federal funds purchased and securities sold under agreements to 
          repurchase
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
          1,161.7 
        
        
        
        
          1,160.0 
        
        
        
        
          984.2 
        
        
        
        
          1,355.6 
        
        
        
        
          1,104.4 
        
        
          0.1 
        
        
          5.2 
        
      
      
        
          U.S. Treasury demand
        
        
           
        
        
          7.0 
        
        
           
        
        
          24.5 
        
        
           
        
        
          0.6 
        
        
           
        
        
          18.1 
        
        
           
        
        
          12.9 
        
        
          (71.4)
        
        
          (45.7)
        
      
      
        
          Total short-term borrowings
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          1,168.7 
        
        
           
        
        
          1,184.5 
        
        
           
        
        
          984.8 
        
        
           
        
        
          1,373.7 
        
        
           
        
        
          1,117.3 
        
        
          (1.3)
        
        
          4.6 
        
      
      
        
          Other liabilities
        
        
        
        
          184.5 
        
        
        
        
          160.5 
        
        
        
        
          151.8 
        
        
        
        
          151.6 
        
        
        
        
          156.2 
        
        
          15.0 
        
        
          18.1 
        
      
      
        
          Long-term debt
        
        
           
        
        
          395.2 
        
        
           
        
        
          393.4 
        
        
           
        
        
          393.2 
        
        
           
        
        
          400.4 
        
        
           
        
        
          403.1 
        
        
          0.5 
        
        
          (2.0)
        
      
      
        
          Total liabilities
        
        
        
        
          9,632.6 
        
        
           
        
        
          9,523.5 
        
        
           
        
        
          9,221.0 
        
        
           
        
        
          9,214.9 
        
        
           
        
        
          9,225.5 
        
        
          1.1 
        
        
          4.4 
        
      
      
        
          Minority interest
        
        
        
        
          0.3 
        
        
        
        
          0.3 
        
        
        
        
          0.3 
        
        
        
        
          0.2 
        
        
        
        
          0.2 
        
        
          ---- 
        
        
          50.0 
        
      
      
        
          Stockholders' equity
        
        
           
        
        
          1,064.3 
        
        
           
        
        
          1,066.9 
        
        
           
        
        
          1,043.3 
        
        
           
        
        
          1,017.7 
        
        
           
        
        
          972.7 
        
        
          (0.2)
        
        
          9.4 
        
      
      
        
          Total liabilities and stockholders' equity
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          $
        
        
          10,697.2 
        
        
          $
        
        
          10,590.7 
        
        
          $
        
        
          10,264.6 
        
        
          $
        
        
          10,232.8 
        
        
          $
        
        
          10,198.4 
        
        
          1.0 
        
        
          4.9 
        
      
    
    
      
        
          WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        
      
      
        
          As of and for the nine months ended September 30, 2006
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          AVERAGE STATEMENT OF CONDITION
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
          2006 
        
        
        
        
          2006 
        
        
        
        
          2006 
        
        
        
        
          2005 
        
        
        
        
          2005 
        
        
          % Change From:
        
      
      
        
        
        
        
        
          Third
        
        
        
        
          Second
        
        
        
        
          First
        
        
        
        
          Fourth
        
        
        
        
          Third
        
        
          Prior
        
        
          Prior
        
      
      
        
          (in millions)
        
        
           
        
        
          Quarter
        
        
           
        
        
          Quarter
        
        
           
        
        
          Quarter
        
        
           
        
        
          Quarter
        
        
           
        
        
          Quarter
        
        
          Quarter
        
        
          Year
        
      
      
        
          ASSETS
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Cash and due from banks
        
        
          $
        
        
          206.9 
        
        
          $
        
        
          209.3 
        
        
          $
        
        
          208.0 
        
        
          $
        
        
          237.8 
        
        
          $
        
        
          229.6 
        
        
          (1.1)
        
        
          (9.9)
        
      
      
        
          Federal funds sold and securities purchased under agreements to 
          resell
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
          28.8 
        
        
           
        
        
          18.8 
        
        
           
        
        
          17.5 
        
        
           
        
        
          40.2 
        
        
           
        
        
          52.9 
        
        
          53.2 
        
        
          (45.6)
        
      
      
        
          Investment securities:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          U.S. Treasury
        
        
        
        
          157.0 
        
        
        
        
          146.7 
        
        
        
        
          144.6 
        
        
        
        
          133.5 
        
        
        
        
          134.4 
        
        
          7.0 
        
        
          16.8 
        
      
      
        
          Government agencies
        
        
        
        
          475.9 
        
        
        
        
          394.1 
        
        
        
        
          400.8 
        
        
        
        
          406.4 
        
        
        
        
          390.7 
        
        
          20.8 
        
        
          21.8 
        
      
      
        
          Obligations of state and political subdivisions
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          9.6 
        
        
        
        
          10.5 
        
        
        
        
          10.5 
        
        
        
        
          11.1 
        
        
        
        
          11.3 
        
        
          (8.6)
        
        
          (15.0)
        
      
      
        
          Preferred stock
        
        
        
        
          89.4 
        
        
        
        
          89.2 
        
        
        
        
          91.4 
        
        
        
        
          90.0 
        
        
        
        
          92.5 
        
        
          0.2 
        
        
          (3.4)
        
      
      
        
          Mortgage-backed securities
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          735.1 
        
        
        
        
          780.1 
        
        
        
        
          828.4 
        
        
        
        
          878.6 
        
        
        
        
          931.9 
        
        
          (5.8)
        
        
          (21.1)
        
      
      
        
          Other securities
        
        
           
        
        
          390.0 
        
        
           
        
        
          397.3 
        
        
           
        
        
          403.2 
        
        
           
        
        
          387.4 
        
        
           
        
        
          369.2 
        
        
          (1.8)
        
        
          5.6 
        
      
      
        
          Total investment securities
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          1,857.0 
        
        
           
        
        
          1,817.9 
        
        
           
        
        
          1,878.9 
        
        
           
        
        
          1,907.0 
        
        
           
        
        
          1,930.0 
        
        
          2.2 
        
        
          (3.8)
        
      
      
        
          Loans:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Commercial, financial and agricultural
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          2,407.7 
        
        
        
        
          2,463.5 
        
        
        
        
          2,448.1 
        
        
        
        
          2,465.9 
        
        
        
        
          2,449.2 
        
        
          (2.3)
        
        
          (1.7)
        
      
      
        
          Real estate-construction
        
        
        
        
          1,588.7 
        
        
        
        
          1,517.5 
        
        
        
        
          1,322.0 
        
        
        
        
          1,161.6 
        
        
        
        
          1,022.9 
        
        
          4.7 
        
        
          55.3 
        
      
      
        
          Mortgage-commercial
        
        
           
        
        
          1,238.5 
        
        
           
        
        
          1,212.8 
        
        
           
        
        
          1,229.8 
        
        
           
        
        
          1,239.7 
        
        
           
        
        
          1,232.8 
        
        
          2.1 
        
        
          0.5 
        
      
      
        
          
            Total commercial loans
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          5,234.9 
        
        
           
        
        
          5,193.8 
        
        
           
        
        
          4,999.9 
        
        
           
        
        
          4,867.2 
        
        
           
        
        
          4,704.9 
        
        
          0.8 
        
        
          11.3 
        
      
      
        
          Mortgage-residential
        
        
        
        
          507.8 
        
        
        
        
          484.2 
        
        
        
        
          463.3 
        
        
        
        
          450.8 
        
        
        
        
          443.8 
        
        
          4.9 
        
        
          14.4 
        
      
      
        
          Consumer
        
        
        
        
          1,470.5 
        
        
        
        
          1,441.6 
        
        
        
        
          1,423.9 
        
        
        
        
          1,412.5 
        
        
        
        
          1,369.7 
        
        
          2.0 
        
        
          7.4 
        
      
      
        
          Secured with liquid collateral
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
           
        
        
          546.1 
        
        
           
        
        
          556.3 
        
        
           
        
        
          558.2 
        
        
           
        
        
          614.4 
        
        
           
        
        
          610.0 
        
        
          (1.8)
        
        
          (10.5)
        
      
      
        
          Total retail loans
        
        
        
        
          2,524.4 
        
        
           
        
        
          2,482.1 
        
        
           
        
        
          2,445.4 
        
        
           
        
        
          2,477.7 
        
        
           
        
        
          2,423.5 
        
        
          1.7 
        
        
          4.2 
        
      
      
        
          Total loans net of unearned income
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          7,759.3 
        
        
        
        
          7,675.9 
        
        
        
        
          7,445.3 
        
        
        
        
          7,344.9 
        
        
        
        
          7,128.4 
        
        
          1.1 
        
        
          8.9 
        
      
      
        
          Reserve for loan losses
        
        
           
        
        
          (93.5)
        
        
           
        
        
          (91.8)
        
        
           
        
        
          (90.4)
        
        
           
        
        
          (93.5)
        
        
           
        
        
          (91.6)
        
        
          1.9 
        
        
          2.1 
        
      
      
        
          Net loans
        
        
        
        
          7,665.8 
        
        
           
        
        
          7,584.1 
        
        
           
        
        
          7,354.9 
        
        
           
        
        
          7,251.4 
        
        
           
        
        
          7,036.8 
        
        
          1.1 
        
        
          8.9 
        
      
      
        
          Premises and equipment
        
        
        
        
          152.1 
        
        
        
        
          150.3 
        
        
        
        
          148.5 
        
        
        
        
          147.6 
        
        
        
        
          148.2 
        
        
          1.2 
        
        
          2.6 
        
      
      
        
          Goodwill
        
        
        
        
          362.3 
        
        
        
        
          357.3 
        
        
        
        
          348.3 
        
        
        
        
          344.4 
        
        
        
        
          344.2 
        
        
          1.4 
        
        
          5.3 
        
      
      
        
          Other intangibles
        
        
        
        
          38.5 
        
        
        
        
          37.3 
        
        
        
        
          35.6 
        
        
        
        
          39.7 
        
        
        
        
          40.9 
        
        
          3.2 
        
        
          (5.9)
        
      
      
        
          Other assets
        
        
           
        
        
          210.8 
        
        
           
        
        
          190.0 
        
        
           
        
        
          180.3 
        
        
           
        
        
          172.1 
        
        
           
        
        
          181.9 
        
        
          10.9 
        
        
          15.9 
        
      
      
        
          Total assets
        
        
          $
        
        
          10,522.2 
        
        
          $
        
        
          10,365.0 
        
        
          $
        
        
          10,172.0 
        
        
          $
        
        
          10,140.2 
        
        
          $
        
        
          9,964.5 
        
        
          1.5 
        
        
          5.6 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          LIABILITIES AND STOCKHOLDERS' EQUITY
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Deposits:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Noninterest-bearing demand
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          $
        
        
          737.2 
        
        
          $
        
        
          742.0 
        
        
          $
        
        
          763.5 
        
        
          $
        
        
          1,017.4 
        
        
          $
        
        
          1,016.4 
        
        
          (0.6)
        
        
          (27.5)
        
      
      
        
          Interest-bearing: Savings
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          304.1 
        
        
        
        
          321.2 
        
        
        
        
          326.0 
        
        
        
        
          325.9 
        
        
        
        
          345.1 
        
        
          (5.3)
        
        
          (11.9)
        
      
      
        
          Interest-bearing demand
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          2,374.1 
        
        
        
        
          2,364.4 
        
        
        
        
          2,346.8 
        
        
        
        
          2,321.2 
        
        
        
        
          2,257.2 
        
        
          0.4 
        
        
          5.2 
        
      
      
        
          Certificates under $100,000
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          988.1 
        
        
        
        
          980.9 
        
        
        
        
          938.6 
        
        
        
        
          901.5 
        
        
        
        
          825.0 
        
        
          0.7 
        
        
          19.8 
        
      
      
        
          Local certificates $100,000 and over
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
           
        
        
          546.5 
        
        
           
        
        
          540.0 
        
        
           
        
        
          463.3 
        
        
           
        
        
          446.6 
        
        
           
        
        
          409.3 
        
        
          1.2 
        
        
          33.5 
        
      
      
        
          Total core deposits
        
        
        
        
          4,950.0 
        
        
        
        
          4,948.5 
        
        
        
        
          4,838.2 
        
        
        
        
          5,012.6 
        
        
        
        
          4,853.0 
        
        
          ---- 
        
        
          2.0 
        
      
      
        
          National certificates $100,000 and over
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
           
        
        
          2,864.6 
        
        
           
        
        
          2,656.1 
        
        
           
        
        
          2,647.7 
        
        
           
        
        
          2,475.4 
        
        
           
        
        
          2,500.6 
        
        
          7.8 
        
        
          14.6 
        
      
      
        
          Total deposits
        
        
        
        
          7,814.6 
        
        
           
        
        
          7,604.6 
        
        
           
        
        
          7,485.9 
        
        
           
        
        
          7,488.0 
        
        
           
        
        
          7,353.6 
        
        
          2.8 
        
        
          6.3 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Short-term borrowings:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Federal funds purchased and securities sold under agreements to 
          repurchase
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
          1,048.8 
        
        
        
        
          1,146.0 
        
        
        
        
          1,082.0 
        
        
        
        
          1,098.0 
        
        
        
        
          1,056.7 
        
        
          (8.5)
        
        
          (0.7)
        
      
      
        
          U.S. Treasury demand
        
        
           
        
        
          6.8 
        
        
           
        
        
          16.0 
        
        
           
        
        
          11.7 
        
        
           
        
        
          7.7 
        
        
           
        
        
          12.1 
        
        
          (57.5)
        
        
          (43.8)
        
      
      
        
          Total short-term borrowings
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          1,055.6 
        
        
           
        
        
          1,162.0 
        
        
           
        
        
          1,093.7 
        
        
           
        
        
          1,105.7 
        
        
           
        
        
          1,068.8 
        
        
          (9.2)
        
        
          (1.2)
        
      
      
        
          Other liabilities
        
        
        
        
          175.7 
        
        
        
        
          144.8 
        
        
        
        
          166.7 
        
        
        
        
          163.3 
        
        
        
        
          170.9 
        
        
          21.3 
        
        
          2.8 
        
      
      
        
          Long-term debt
        
        
           
        
        
          394.2 
        
        
           
        
        
          393.3 
        
        
           
        
        
          399.0 
        
        
           
        
        
          400.0 
        
        
           
        
        
          408.7 
        
        
          0.2 
        
        
          (3.5)
        
      
      
        
          Total liabilities
        
        
        
        
          9,440.1 
        
        
           
        
        
          9,304.7 
        
        
           
        
        
          9,145.3 
        
        
           
        
        
          9,157.0 
        
        
           
        
        
          9,002.0 
        
        
          1.5 
        
        
          4.9 
        
      
      
        
          Minority interest
        
        
        
        
          0.4 
        
        
        
        
          0.3 
        
        
        
        
          0.3 
        
        
        
        
          0.2 
        
        
        
        
          0.3 
        
        
          33.3 
        
        
          33.3 
        
      
      
        
          Stockholders' equity
        
        
           
        
        
          1,081.7 
        
        
           
        
        
          1,060.0 
        
        
           
        
        
          1,026.4 
        
        
           
        
        
          983.0 
        
        
           
        
        
          962.2 
        
        
          2.0 
        
        
          12.4 
        
      
      
        
          Total liabilities and stockholders' equity
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          $
        
        
          10,522.2 
        
        
          $
        
        
          10,365.0 
        
        
          $
        
        
          10,172.0 
        
        
          $
        
        
          10,140.2 
        
        
          $
        
        
          9,964.5 
        
        
          1.5 
        
        
          5.6 
        
      
    
    
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        
      
      
        
          As of and for the nine months ended September 30, 2006
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          YIELDS AND RATES
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
          2006 
        
        
        
        
          2006 
        
        
        
        
          2006 
        
        
        
        
          2005 
        
        
        
        
          2005 
        
        
        
      
      
        
          YIELDS/RATES
        
        
        
        
          Third
        
        
        
        
          Second
        
        
        
        
          First
        
        
        
        
          Fourth
        
        
        
        
          Third
        
        
        
      
      
        
          (tax-equivalent basis)
        
        
           
        
        
          Quarter
        
        
           
        
        
          Quarter
        
        
           
        
        
          Quarter
        
        
           
        
        
          Quarter
        
        
           
        
        
          Quarter
        
        
        
      
      
        
          EARNING ASSETS:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Federal funds sold and securities purchased under 
          agreements to resell
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
          4.55 
        
        
          %
        
        
          4.93 
        
        
          %
        
        
          4.11 
        
        
          %
        
        
          4.02 
        
        
          %
        
        
          3.45 
        
        
          %
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          U.S. Treasury
        
        
        
        
          4.06 
        
        
        
        
          3.53 
        
        
        
        
          3.38 
        
        
        
        
          3.27 
        
        
        
        
          3.17 
        
        
        
      
      
        
          Government agencies
        
        
        
        
          4.23 
        
        
        
        
          3.93 
        
        
        
        
          3.95 
        
        
        
        
          3.95 
        
        
        
        
          3.87 
        
        
        
      
      
        
          Obligations of state and political subdivisions
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          8.75 
        
        
        
        
          8.79 
        
        
        
        
          8.77 
        
        
        
        
          8.78 
        
        
        
        
          8.76 
        
        
        
      
      
        
          Preferred stock
        
        
        
        
          7.63 
        
        
        
        
          7.60 
        
        
        
        
          7.60 
        
        
        
        
          7.58 
        
        
        
        
          7.58 
        
        
        
      
      
        
          Mortgage-backed securities
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          4.05 
        
        
        
        
          4.16 
        
        
        
        
          4.17 
        
        
        
        
          4.10 
        
        
        
        
          4.02 
        
        
        
      
      
        
          Other securities
        
        
        
        
          6.42 
        
        
        
        
          6.14 
        
        
        
        
          5.52 
        
        
        
        
          5.32 
        
        
        
        
          4.84 
        
        
        
      
      
        
          Total investment securities
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          4.78 
        
        
        
        
          4.67 
        
        
        
        
          4.53 
        
        
        
        
          4.44 
        
        
        
        
          4.27 
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Commercial, financial and agricultural
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          7.96 
        
        
        
        
          7.61 
        
        
        
        
          7.24 
        
        
        
        
          6.80 
        
        
        
        
          6.32 
        
        
        
      
      
        
          Real estate-construction
        
        
        
        
          8.60 
        
        
        
        
          8.26 
        
        
        
        
          7.90 
        
        
        
        
          7.39 
        
        
        
        
          6.94 
        
        
        
      
      
        
          Mortgage-commercial
        
        
        
        
          7.98 
        
        
        
        
          7.71 
        
        
        
        
          7.34 
        
        
        
        
          6.96 
        
        
        
        
          6.55 
        
        
        
      
      
        
          
            Total commercial loans
          
        
        
        
        
          8.16 
        
        
        
        
          7.82 
        
        
        
        
          7.44 
        
        
        
        
          6.97 
        
        
        
        
          6.51 
        
        
        
      
      
        
          Mortgage-residential
        
        
        
        
          5.81 
        
        
        
        
          5.77 
        
        
        
        
          5.84 
        
        
        
        
          5.82 
        
        
        
        
          5.99 
        
        
        
      
      
        
          Consumer
        
        
        
        
          7.31 
        
        
        
        
          7.09 
        
        
        
        
          6.85 
        
        
        
        
          6.60 
        
        
        
        
          6.43 
        
        
        
      
      
        
          Secured with liquid collateral
        
        
        
        
          6.78 
        
        
        
        
          6.36 
        
        
        
        
          5.89 
        
        
        
        
          5.38 
        
        
        
        
          4.89 
        
        
        
      
      
        
          Total retail loans
        
        
        
        
          6.89 
        
        
        
        
          6.67 
        
        
        
        
          6.44 
        
        
        
        
          6.16 
        
        
        
        
          5.96 
        
        
        
      
      
        
          Total loans
        
        
        
        
          7.75 
        
        
        
        
          7.45 
        
        
        
        
          7.11 
        
        
        
        
          6.70 
        
        
        
        
          6.32 
        
        
        
      
      
        
          
            Total earning assets
          
        
        
        
        
          7.15 
        
        
        
        
          6.90 
        
        
        
        
          6.58 
        
        
        
        
          6.22 
        
        
        
        
          5.87 
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          FUNDS USED TO SUPPORT EARNING ASSETS:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Savings
        
        
        
        
          0.42 
        
        
        
        
          0.39 
        
        
        
        
          0.32 
        
        
        
        
          0.30 
        
        
        
        
          0.28 
        
        
        
      
      
        
          
            Interest-bearing demand
          
        
        
        
        
          1.10 
        
        
        
        
          1.04 
        
        
        
        
          1.02 
        
        
        
        
          0.95 
        
        
        
        
          0.90 
        
        
        
      
      
        
          Certificates under $100,000
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          3.87 
        
        
        
        
          3.51 
        
        
        
        
          3.27 
        
        
        
        
          2.96 
        
        
        
        
          2.64 
        
        
        
      
      
        
          
            Local certificates $100,000 and over
          
        
        
        
        
          4.65 
        
        
        
        
          4.29 
        
        
        
        
          3.89 
        
        
        
        
          3.53 
        
        
        
        
          3.04 
        
        
        
      
      
        
          Core interest-bearing deposits
        
        
        
        
          2.16 
        
        
        
        
          1.98 
        
        
        
        
          1.81 
        
        
        
        
          1.64 
        
        
        
        
          1.45 
        
        
        
      
      
        
          
            National certificates $100,000 and over
          
        
        
        
        
          5.30 
        
        
        
        
          4.98 
        
        
        
        
          4.47 
        
        
        
        
          4.01 
        
        
        
        
          3.51 
        
        
        
      
      
        
          
            Total interest-bearing deposits
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          3.43 
        
        
        
        
          3.15 
        
        
        
        
          2.86 
        
        
        
        
          2.55 
        
        
        
        
          2.26 
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Federal funds purchased and securities sold under agreements to 
          repurchase
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
          4.98 
        
        
        
        
          4.67 
        
        
        
        
          4.19 
        
        
        
        
          3.80 
        
        
        
        
          3.37 
        
        
        
      
      
        
          U.S. Treasury demand
        
        
        
        
          5.09 
        
        
        
        
          4.74 
        
        
        
        
          4.21 
        
        
        
        
          4.22 
        
        
        
        
          3.41 
        
        
        
      
      
        
          Total short-term borrowings
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          4.98 
        
        
        
        
          4.67 
        
        
        
        
          4.20 
        
        
        
        
          3.80 
        
        
        
        
          3.37 
        
        
        
      
      
        
          Long-term debt
        
        
        
        
          6.85 
        
        
        
        
          6.69 
        
        
        
        
          6.26 
        
        
        
        
          6.01 
        
        
        
        
          5.39 
        
        
        
      
      
        
          Total interest-bearing liabilities
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          3.78 
        
        
        
        
          3.52 
        
        
        
        
          3.20 
        
        
        
        
          2.89 
        
        
        
        
          2.58 
        
        
        
      
      
        
          Total funds used to support earning assets
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          3.32 
        
        
        
        
          3.10 
        
        
        
        
          2.81 
        
        
        
        
          2.48 
        
        
        
        
          2.21 
        
        
        
      
      
        
          Net interest margin (tax-equivalent basis)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          3.83 
        
        
        
        
          3.80 
        
        
        
        
          3.77 
        
        
        
        
          3.74 
        
        
        
        
          3.66 
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Year to date net interest margin
        
        
        
        
          3.80 
        
        
        
        
          3.79 
        
        
        
        
          3.77 
        
        
        
        
          3.71 
        
        
        
        
          3.65 
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Prime rate
        
        
        
        
          8.25 
        
        
        
        
          7.90 
        
        
        
        
          7.43 
        
        
        
        
          6.97 
        
        
        
        
          6.42 
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Tax-equivalent net interest income (in millions)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          $
        
        
          94.1 
        
        
          $
        
        
          91.5 
        
        
          $
        
        
          88.3 
        
        
          $
        
        
          88.5 
        
        
          $
        
        
          84.7 
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Average earning assets
        
        
        
        
          9,645.1 
        
        
        
        
          9,512.6 
        
        
        
        
          9,341.7 
        
        
        
        
          9,292.1 
        
        
        
        
          9,111.3 
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Average rates are calculated using average balances based on 
          historical cost and do not reflect market valuation adjustments.
        
      
    
    
      
        
          WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        
      
      
        
          As of and for the nine months ended September 30, 2006
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          SUPPLEMENTAL INFORMATION
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
          Three Months Ended
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          % Change From:
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
          Sept. 30,
        
        
        
        
          June 30,
        
        
        
        
          Mar. 31,
        
        
        
        
          Dec. 31,
        
        
        
        
          Sept. 30,
        
        
          Prior
        
        
          Prior
        
      
      
        
           
        
        
           
        
        
          2006 
        
        
           
        
        
          2006 
        
        
           
        
        
          2006 
        
        
           
        
        
          2005 
        
        
           
        
        
          2005 
        
        
          Quarter
        
        
          Year
        
      
      
        
          NET INCOME
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net income per share
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Basic
        
        
          $
        
        
          0.08 
        
        
          $
        
        
          0.69 
        
        
          $
        
        
          0.65 
        
        
          $
        
        
          0.69 
        
        
          $
        
        
          0.63 
        
        
          (88.4)
        
        
          (87.3)
        
      
      
        
          Diluted
        
        
        
        
          0.07 
        
        
        
        
          0.67 
        
        
        
        
          0.64 
        
        
        
        
          0.67 
        
        
        
        
          0.62 
        
        
          (89.6)
        
        
          (88.7)
        
      
      
        
          
            Weighted average shares outstanding (in thousands)
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Basic
        
        
        
        
          68,647 
        
        
        
        
          68,475 
        
        
        
        
          68,070 
        
        
        
        
          67,861 
        
        
        
        
          67,788 
        
        
        
        
        
      
      
        
          Diluted
        
        
        
        
          69,933 
        
        
        
        
          69,776 
        
        
        
        
          69,434 
        
        
        
        
          68,956 
        
        
        
        
          68,699 
        
        
        
        
        
      
      
        
          Net income as a percentage of:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Average assets
        
        
        
        
          0.20%
        
        
        
        
          1.81%
        
        
        
        
          1.76%
        
        
        
        
          1.82%
        
        
        
        
          1.70%
        
        
        
        
        
      
      
        
          
            Average stockholders' equity
          
        
        
        
        
          1.91 
        
        
        
        
          17.75 
        
        
        
        
          17.42 
        
        
        
        
          18.77 
        
        
        
        
          17.65 
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            ASSETS UNDER MANAGEMENT * (in billions)
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Wilmington Trust
        
        
          $
        
        
          27.2 
        
        
          $
        
        
          26.4 
        
        
          $
        
        
          27.2 
        
        
          $
        
        
          26.0 
        
        
          $
        
        
          26.3 
        
        
          3.0 
        
        
          3.4 
        
      
      
        
          
            Roxbury Capital Management
          
        
        
        
        
          3.1 
        
        
        
        
          3.3 
        
        
        
        
          3.5 
        
        
        
        
          3.3 
        
        
        
        
          3.2 
        
        
          (6.1)
        
        
          (3.1)
        
      
      
        
          
            Cramer Rosenthal McGlynn
          
        
        
           
        
        
          9.8 
        
        
           
        
        
          9.4 
        
        
           
        
        
          9.7 
        
        
           
        
        
          8.9 
        
        
           
        
        
          8.5 
        
        
          4.3 
        
        
          15.3 
        
      
      
        
          
            Combined assets under management
          
        
        
          $
        
        
          40.1 
        
        
          $
        
        
          39.1 
        
        
          $
        
        
          40.4 
        
        
          $
        
        
          38.2 
        
        
          $
        
        
          38.0 
        
        
          2.6 
        
        
          5.5 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            * Assets under management include estimates for values associated 
            with certain assets that lack readily ascertainable values, such 
            as limited partnership interests.
          
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            ASSETS UNDER ADMINISTRATION ** (in billions)
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Wilmington Trust
        
        
          $
        
        
          100.5 
        
        
          $
        
        
          100.7 
        
        
          $
        
        
          102.1 
        
        
          $
        
        
          100.9 
        
        
          $
        
        
          96.9 
        
        
          (0.2)
        
        
          3.7 
        
      
      
        
           
        
      
      
        
          ** Includes Wilmington Trust assets under management
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            FULL-TIME EQUIVALENT HEADCOUNT
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            Full-time equivalent headcount
          
        
        
        
        
          2,520 
        
        
        
        
          2,515 
        
        
        
        
          2,475 
        
        
        
        
          2,469 
        
        
        
        
          2,439 
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            CAPITAL (in millions, except per share amounts)
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            Average stockholders' equity
          
        
        
          $
        
        
          1,081.7 
        
        
          $
        
        
          1,060.0 
        
        
          $
        
        
          1,026.4 
        
        
          $
        
        
          983.0 
        
        
          $
        
        
          962.2 
        
        
          2.0 
        
        
          12.4 
        
      
      
        
          
            Period-end primary capital
          
        
        
        
        
          1,157.9 
        
        
        
        
          1,161.2 
        
        
        
        
          1,136.9 
        
        
        
        
          1,109.1 
        
        
        
        
          1,066.1 
        
        
          (0.3)
        
        
          8.6 
        
      
      
        
          Per share:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Book value
        
        
        
        
          15.55 
        
        
        
        
          15.54 
        
        
        
        
          15.30 
        
        
        
        
          14.99 
        
        
        
        
          14.34 
        
        
          0.1 
        
        
          8.4 
        
      
      
        
          
            Quarterly dividends declared
          
        
        
        
        
          0.315 
        
        
        
        
          0.315 
        
        
        
        
          0.30 
        
        
        
        
          0.30 
        
        
        
        
          0.30 
        
        
          ---- 
        
        
          5.0 
        
      
      
        
          
            Year-to-date dividends declared
          
        
        
        
        
          0.93 
        
        
        
        
          0.615 
        
        
        
        
          0.30 
        
        
        
        
          1.185 
        
        
        
        
          0.885 
        
        
        
        
        
      
      
        
          
            Average stockholders' equity to assets
          
        
        
        
        
          10.28%
        
        
        
        
          10.23%
        
        
        
        
          10.09%
        
        
        
        
          9.69%
        
        
        
        
          9.66%
        
        
        
        
        
      
      
        
          
            Total risk-based capital ratio
          
        
        
        
        
          12.28 
        
        
        
        
          11.80 
        
        
        
        
          12.21 
        
        
        
        
          12.02 
        
        
        
        
          12.14 
        
        
        
        
        
      
      
        
          
            Tier 1 risk-based capital ratio
          
        
        
        
        
          8.26 
        
        
        
        
          7.74 
        
        
        
        
          7.77 
        
        
        
        
          7.54 
        
        
        
        
          7.38 
        
        
        
        
        
      
      
        
          
            Tier 1 leverage capital ratio
          
        
        
        
        
          7.34 
        
        
        
        
          6.98 
        
        
        
        
          6.94 
        
        
        
        
          6.74 
        
        
        
        
          6.34 
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            CREDIT QUALITY (in millions)
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            Period-end reserve for loan losses
          
        
        
          $
        
        
          93.6 
        
        
          $
        
        
          94.3 
        
        
          $
        
        
          93.6 
        
        
          $
        
        
          91.4 
        
        
          $
        
        
          93.4 
        
        
        
        
        
      
      
        
          
            Period-end non-performing assets:
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Nonaccrual
        
        
        
        
          32.0 
        
        
        
        
          29.5 
        
        
        
        
          35.5 
        
        
        
        
          39.3 
        
        
        
        
          49.9 
        
        
        
        
        
      
      
        
          OREO
        
        
        
        
          4.8 
        
        
        
        
          4.8 
        
        
        
        
          0.2 
        
        
        
        
          0.2 
        
        
        
        
          0.2 
        
        
        
        
        
      
      
        
          Renegotiated loans
        
        
        
        
          ---- 
        
        
        
        
          9.9 
        
        
        
        
          4.9 
        
        
        
        
          4.7 
        
        
        
        
          4.8 
        
        
        
        
        
      
      
        
          
            Period-end past due 90 days
          
        
        
        
        
          7.7 
        
        
        
        
          4.7 
        
        
        
        
          10.1 
        
        
        
        
          4.1 
        
        
        
        
          14.9 
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Gross charge-offs
        
        
        
        
          8.6 
        
        
        
        
          5.7 
        
        
        
        
          3.2 
        
        
        
        
          7.8 
        
        
        
        
          3.1 
        
        
        
        
        
      
      
        
          Recoveries
        
        
        
        
          1.3 
        
        
        
        
          2.2 
        
        
        
        
          1.4 
        
        
        
        
          3.8 
        
        
        
        
          1.2 
        
        
        
        
        
      
      
        
          Net charge-offs
        
        
        
        
          7.3 
        
        
        
        
          3.5 
        
        
        
        
          1.8 
        
        
        
        
          4.0 
        
        
        
        
          1.9 
        
        
        
        
        
      
      
        
          
            Year-to-date net charge-offs
          
        
        
        
        
          12.6 
        
        
        
        
          5.3 
        
        
        
        
          1.8 
        
        
        
        
          10.1 
        
        
        
        
          6.1 
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Ratios:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            Period-end reserve to loans
          
        
        
        
        
          1.20%
        
        
        
        
          1.22%
        
        
        
        
          1.24%
        
        
        
        
          1.24%
        
        
        
        
          1.28%
        
        
        
        
        
      
      
        
          
            Period-end non-performing assets to loans
          
        
        
        
        
          0.47 
        
        
        
        
          0.57 
        
        
        
        
          0.54 
        
        
        
        
          0.60 
        
        
        
        
          0.75 
        
        
        
        
        
      
      
        
          
            Period-end loans past due 90 days to total loans
          
        
        
        
        
          0.10 
        
        
        
        
          0.06 
        
        
        
        
          0.13 
        
        
        
        
          0.06 
        
        
        
        
          0.20 
        
        
        
        
        
      
      
        
          
            Net charge-offs to average loans
          
        
        
        
        
          0.09 
        
        
        
        
          0.05 
        
        
        
        
          0.02 
        
        
        
        
          0.05 
        
        
        
        
          0.03 
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          INTERNAL RISK RATING
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Pass
        
        
        
        
          97.41%
        
        
        
        
          97.28%
        
        
        
        
          97.20%
        
        
        
        
          97.24%
        
        
        
        
          96.96%
        
        
        
        
        
      
      
        
          Watchlisted
        
        
        
        
          1.73 
        
        
        
        
          1.89 
        
        
        
        
          1.97 
        
        
        
        
          1.96 
        
        
        
        
          2.00 
        
        
        
        
        
      
      
        
          Substandard
        
        
        
        
          0.86 
        
        
        
        
          0.76 
        
        
        
        
          0.76 
        
        
        
        
          0.73 
        
        
        
        
          0.82 
        
        
        
        
        
      
      
        
          Doubtful
        
        
        
        
          ---- 
        
        
        
        
          0.07 
        
        
        
        
          0.07 
        
        
        
        
          0.07 
        
        
        
        
          0.22 
        
        
        
        
        
      
    
    
      
        
          WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        
      
      
        
          As of and for the nine months ended September 30, 2006
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          QUARTERLY BUSINESS SEGMENT REPORT
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
          Three Months Ended
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
          Sept. 30,
        
        
        
        
          June 30,
        
        
        
        
          Mar. 31,
        
        
        
        
          Dec. 31,
        
        
        
        
          Sept. 30,
        
      
      
        
          (in millions)
        
        
           
        
        
          2006 
        
        
           
        
        
          2006 
        
        
           
        
        
          2006 
        
        
           
        
        
          2005 
        
        
           
        
        
          2005 
        
      
      
        
          REGIONAL BANKING
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net interest income
        
        
          $
        
        
          85.7 
        
        
          $
        
        
          83.9 
        
        
          $
        
        
          80.9 
        
        
          $
        
        
          80.1 
        
        
          $
        
        
          77.4 
        
      
      
        
          
            Provision for loan losses
          
        
        
        
        
          (6.7)
        
        
        
        
          (3.7)
        
        
        
        
          (3.8)
        
        
        
        
          (1.9)
        
        
        
        
          (2.7)
        
      
      
        
          Noninterest income
        
        
        
        
          13.1 
        
        
        
        
          13.1 
        
        
        
        
          12.1 
        
        
        
        
          12.5 
        
        
        
        
          14.1 
        
      
      
        
          Noninterest expense
        
        
           
        
        
          39.9 
        
        
           
        
        
          38.4 
        
        
           
        
        
          39.1 
        
        
           
        
        
          39.5 
        
        
           
        
        
          39.6 
        
      
      
        
          
            Income before taxes & minority interest
          
        
        
        
        
          52.2 
        
        
        
        
          54.9 
        
        
        
        
          50.1 
        
        
        
        
          51.2 
        
        
        
        
          49.2 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            Regional Banking efficiency ratio
          
        
        
        
        
          40.02%
        
        
        
        
          39.22%
        
        
        
        
          41.64%
        
        
        
        
          42.29%
        
        
        
        
          42.86%
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          WEALTH ADVISORY SERVICES
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net interest income
        
        
          $
        
        
          6.4 
        
        
          $
        
        
          6.3 
        
        
          $
        
        
          6.5 
        
        
          $
        
        
          6.6 
        
        
          $
        
        
          6.2 
        
      
      
        
          
            Provision for loan losses
          
        
        
        
        
          0.1 
        
        
        
        
          (0.5)
        
        
        
        
          (0.2)
        
        
        
        
          (0.1)
        
        
        
        
          (0.2)
        
      
      
        
          Noninterest income
        
        
        
        
          43.6 
        
        
        
        
          44.5 
        
        
        
        
          43.4 
        
        
        
        
          39.7 
        
        
        
        
          40.7 
        
      
      
        
          Noninterest expense
        
        
           
        
        
          38.9 
        
        
           
        
        
          40.6 
        
        
           
        
        
          38.5 
        
        
           
        
        
          36.7 
        
        
           
        
        
          35.5 
        
      
      
        
          
            Income before taxes & minority interest
          
        
        
        
        
          11.2 
        
        
        
        
          9.7 
        
        
        
        
          11.2 
        
        
        
        
          9.5 
        
        
        
        
          11.2 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            Wealth Advisory Services efficiency ratio
          
        
        
        
        
          77.64%
        
        
        
        
          79.76%
        
        
        
        
          77.00%
        
        
        
        
          79.09%
        
        
        
        
          75.53%
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          CORPORATE CLIENT SERVICES
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net interest income
        
        
          $
        
        
          4.4 
        
        
          $
        
        
          3.4 
        
        
          $
        
        
          2.9 
        
        
          $
        
        
          3.6 
        
        
          $
        
        
          2.6 
        
      
      
        
          
            Provision for loan losses
          
        
        
        
        
          ---- 
        
        
        
        
          ---- 
        
        
        
        
          ---- 
        
        
        
        
          ---- 
        
        
        
        
          ---- 
        
      
      
        
          Noninterest income
        
        
        
        
          23.5 
        
        
        
        
          23.1 
        
        
        
        
          22.5 
        
        
        
        
          22.9 
        
        
        
        
          21.4 
        
      
      
        
          Noninterest expense
        
        
           
        
        
          19.8 
        
        
           
        
        
          19.3 
        
        
           
        
        
          19.9 
        
        
           
        
        
          18.3 
        
        
           
        
        
          18.4 
        
      
      
        
          
            Income before taxes & minority interest
          
        
        
        
        
          8.1 
        
        
        
        
          7.2 
        
        
        
        
          5.5 
        
        
        
        
          8.2 
        
        
        
        
          5.6 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            Corporate Client Services efficiency ratio
          
        
        
        
        
          70.71%
        
        
        
        
          72.56%
        
        
        
        
          78.35%
        
        
        
        
          68.80%
        
        
        
        
          76.67%
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          AFFILIATE MANAGERS *
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net interest income
        
        
          $
        
        
          (3.5)
        
        
          $
        
        
          (3.2)
        
        
          $
        
        
          (3.0)
        
        
          $
        
        
          (2.8)
        
        
          $
        
        
          (2.5)
        
      
      
        
          
            Provision for loan losses
          
        
        
        
        
          ---- 
        
        
        
        
          ---- 
        
        
        
        
          ---- 
        
        
        
        
          ---- 
        
        
        
        
          ---- 
        
      
      
        
          Noninterest income
        
        
        
        
          4.4 
        
        
        
        
          5.6 
        
        
        
        
          4.7 
        
        
        
        
          4.7 
        
        
        
        
          3.5 
        
      
      
        
          Noninterest expense
        
        
           
        
        
          72.3 
        
        
           
        
        
          ---- 
        
        
           
        
        
          ---- 
        
        
           
        
        
          ---- 
        
        
           
        
        
          ---- 
        
      
      
        
          
            Income before taxes & minority interest
          
        
        
        
        
          (71.4)
        
        
        
        
          2.4 
        
        
        
        
          1.7 
        
        
        
        
          1.9 
        
        
        
        
          1.0 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          TOTAL WILMINGTON TRUST CORPORATION
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net interest income
        
        
          $
        
        
          93.0 
        
        
          $
        
        
          90.4 
        
        
          $
        
        
          87.3 
        
        
          $
        
        
          87.5 
        
        
          $
        
        
          83.7 
        
      
      
        
          
            Provision for loan losses
          
        
        
        
        
          (6.6)
        
        
        
        
          (4.2)
        
        
        
        
          (4.0)
        
        
        
        
          (2.0)
        
        
        
        
          (2.9)
        
      
      
        
          Noninterest income
        
        
        
        
          84.6 
        
        
        
        
          86.3 
        
        
        
        
          82.7 
        
        
        
        
          79.8 
        
        
        
        
          79.7 
        
      
      
        
          Noninterest expense
        
        
           
        
        
          170.9 
        
        
           
        
        
          98.3 
        
        
           
        
        
          97.5 
        
        
           
        
        
          94.5 
        
        
           
        
        
          93.5 
        
      
      
        
          
            Income before taxes & minority interest
          
        
        
          $
        
        
          0.1 
        
        
          $
        
        
          74.2 
        
        
          $
        
        
          68.5 
        
        
          $
        
        
          70.8 
        
        
          $
        
        
          67.0 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Corporation efficiency ratio
        
        
        
        
          95.64%
        
        
        
        
          55.29%
        
        
        
        
          57.02%
        
        
        
        
          56.15%
        
        
        
        
          56.87%
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          * Affiliate managers comprise Cramer Rosenthal McGlynn and Roxbury 
          Capital Management.
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Segment data for prior periods may differ from previously published 
          figures due to changes in reporting methodology and/or 
          organizational structure as well as the adjustment for the adoption 
          of stock-based compensation.
        
      
    
    
      
        
          WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        
      
      
        
          As of and for the nine months ended September 30, 2006
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          YEAR-TO-DATE BUSINESS SEGMENT REPORT
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
          Nine Months Ended
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
          Sept. 30,
        
        
        
        
          Sept. 30,
        
        
        
        
          $
        
        
          %
        
      
      
        
          (in millions)
        
        
           
        
        
          2006 
        
        
           
        
        
          2005 
        
        
           
        
        
          Change
        
        
          Change
        
      
      
        
          REGIONAL BANKING
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net interest income
        
        
          $
        
        
          250.5 
        
        
          $
        
        
          223.3 
        
        
          $
        
        
          27.2 
        
        
          12.2%
        
      
      
        
          
            Provision for loan losses
          
        
        
        
        
          (14.1)
        
        
        
        
          (9.3)
        
        
        
        
          4.8 
        
        
          51.6 
        
      
      
        
          Noninterest income
        
        
        
        
          38.3 
        
        
        
        
          38.6 
        
        
        
        
          (0.3)
        
        
          (0.8)
        
      
      
        
          Noninterest expense
        
        
           
        
        
          117.4 
        
        
           
        
        
          112.7 
        
        
           
        
        
          4.7 
        
        
          4.2 
        
      
      
        
          
            Income before taxes & minority interest
          
        
        
        
        
          157.3 
        
        
        
        
          139.9 
        
        
        
        
          17.4 
        
        
          12.4 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            Regional Banking efficiency ratio
          
        
        
        
        
          40.25%
        
        
        
        
          42.61%
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          WEALTH ADVISORY SERVICES
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net interest income
        
        
          $
        
        
          19.1 
        
        
          $
        
        
          17.3 
        
        
          $
        
        
          1.8 
        
        
          10.4%
        
      
      
        
          
            Provision for loan losses
          
        
        
        
        
          (0.7)
        
        
        
        
          (0.5)
        
        
        
        
          0.2 
        
        
          40.0 
        
      
      
        
          Noninterest income
        
        
        
        
          131.6 
        
        
        
        
          121.1 
        
        
        
        
          10.5 
        
        
          8.7 
        
      
      
        
          Noninterest expense
        
        
           
        
        
          117.9 
        
        
           
        
        
          107.9 
        
        
           
        
        
          10.0 
        
        
          9.3 
        
      
      
        
          
            Income before taxes & minority interest
          
        
        
        
        
          32.1 
        
        
        
        
          30.0 
        
        
        
        
          2.1 
        
        
          7.0 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            Wealth Advisory Services efficiency ratio
          
        
        
        
        
          78.13%
        
        
        
        
          77.85%
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          CORPORATE CLIENT SERVICES
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net interest income
        
        
          $
        
        
          10.7 
        
        
          $
        
        
          7.8 
        
        
          $
        
        
          2.9 
        
        
          37.2%
        
      
      
        
          
            Provision for loan losses
          
        
        
        
        
          ---- 
        
        
        
        
          ---- 
        
        
        
        
          ---- 
        
        
          ---- 
        
      
      
        
          Noninterest income
        
        
        
        
          69.2 
        
        
        
        
          61.7 
        
        
        
        
          7.5 
        
        
          12.2 
        
      
      
        
          Noninterest expense
        
        
           
        
        
          59.0 
        
        
           
        
        
          55.0 
        
        
           
        
        
          4.0 
        
        
          7.3 
        
      
      
        
          
            Income before taxes & minority interest
          
        
        
        
        
          20.9 
        
        
        
        
          14.5 
        
        
        
        
          6.4 
        
        
          44.1 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            Corporate Client Services efficiency ratio
          
        
        
        
        
          
            73.75%
          
        
        
        
        
          79.02%
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          AFFILIATE MANAGERS *
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net interest income
        
        
          $
        
        
          (9.6)
        
        
          $
        
        
          (7.0)
        
        
          $
        
        
          (2.6)
        
        
          (37.1)%
        
      
      
        
          
            Provision for loan losses
          
        
        
        
        
          ---- 
        
        
        
        
          ---- 
        
        
        
        
          ---- 
        
        
          ---- 
        
      
      
        
          Noninterest income
        
        
        
        
          14.5 
        
        
        
        
          12.1 
        
        
        
        
          2.4 
        
        
          19.8 
        
      
      
        
          Noninterest expense
        
        
           
        
        
          72.5 
        
        
           
        
        
          ---- 
        
        
           
        
        
          72.5 
        
        
          ---- 
        
      
      
        
          
            Income before taxes & minority interest
          
        
        
        
        
          (67.6)
        
        
        
        
          5.1 
        
        
        
        
          (72.7)
        
        
          ---- 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          TOTAL WILMINGTON TRUST CORPORATION
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net interest income
        
        
          $
        
        
          270.7 
        
        
          $
        
        
          241.4 
        
        
          $
        
        
          29.3 
        
        
          12.1%
        
      
      
        
          
            Provision for loan losses
          
        
        
        
        
          (14.8)
        
        
        
        
          (9.8)
        
        
        
        
          5.0 
        
        
          51.0 
        
      
      
        
          Noninterest income
        
        
        
        
          253.6 
        
        
        
        
          233.5 
        
        
        
        
          20.1 
        
        
          8.6 
        
      
      
        
          Noninterest expense
        
        
           
        
        
          366.8 
        
        
           
        
        
          275.6 
        
        
           
        
        
          91.2 
        
        
          33.1 
        
      
      
        
          
            Income before taxes & minority interest
          
        
        
          $
        
        
          142.7 
        
        
          $
        
        
          189.5 
        
        
          $
        
        
          (46.8)
        
        
          (24.7)%
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Corporation efficiency ratio
        
        
        
        
          69.54%
        
        
        
        
          57.68%
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          * Affiliate managers comprise Cramer Rosenthal McGlynn and Roxbury 
          Capital Management.
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Segment data for prior periods may differ from previously published 
          figures due to changes in reporting methodology and/or 
          organizational structure as well as the adjustment for the adoption 
          of stock-based compensation.
        
      
    
  
Wilmington Trust Corporation (NYSE:WL) reported today that net
income for the 2006 third quarter was $5.2 million and earnings per
share (on a diluted basis) were $0.07 per share. The company recorded
a non-cash charge of $72.3 million during the quarter against its
valuation of affiliate money manager Roxbury Capital Management (RCM).
This non-cash charge reduced operating net income by $41.7 million and
reduced earnings per share (on a diluted basis) by $0.60 per share.

   Absent the non-cash charge, operating net income for the 2006
third quarter would have been $46.9 million and earnings per share (on
a diluted basis) would have been $0.67 per share. These amounts would
have been increases of 10% and 8%, respectively, from the year-ago
third quarter.

   During the 2006 third quarter, RCM terminated its micro-cap fund
and decided to exit its fixed income fund by the end of 2006. These
actions caused Wilmington Trust management to reassess the carrying
value (the value assigned to the asset) of its ownership position in
RCM. On October 17, 2006, management determined that the carrying
value of RCM had declined by $72.3 million as of September 30, 2006,
and that the decline was other than temporary. The $72.3 million
decline in carrying value was recorded on the income statement as a
non-cash impairment charge for the 2006 third quarter.

   The impairment charge was a non-cash item because Wilmington Trust
records the majority of RCM's carrying value on its balance sheet as
goodwill (a non-cash item). At June 30, 2006, the amount of goodwill
associated with RCM was $131.3 million. As of September 30, 2006,
following the non-cash charge, the amount of goodwill recorded for RCM
was $59.0 million.

   Wilmington Trust's valuation of RCM is based in large part on its
ownership interest in the money manager, which consists of 41.23% of
RCM's common shares and a 30% preferred ownership interest. Wilmington
Trust's ownership interest in RCM has not changed since the fourth
quarter of 2003, and the company said no changes were planned. Ted T.
Cecala, Wilmington Trust's chairman and chief executive officer, and
David R. Gibson, Wilmington Trust's chief financial officer, remain
members of RCM's board of managers.

   "Roxbury is a profitable growth-style manager. The firm is
incubating new products and it has been acquiring other investment
managers," Cecala said. "We have high regard for Roxbury's 'boutique
among boutiques' market positioning, we have a positive outlook for
the firm, and we look forward to maintaining our relationship with the
Roxbury team."

   In addition to reducing net income and earnings per share, the
non-cash charge increased noninterest expense, reduced income tax
expense, and reduced the returns on average assets and equity. This
report includes comparable amounts that exclude the non-cash charge in
cases where management believes doing so provides investors with more
relevant information about business trends and the company's
continuing operations.

   "Absent the non-cash charge, our third quarter results were
positive and each of our three businesses recorded good growth,"
Cecala said. "Net interest income rose 11%, the net interest margin
increased, advisory revenue was 10% higher, and expense growth,
excluding the non-cash charge, was less than 6%."

   For the 2006 third quarter:

   --  Total loan balances were $7.76 billion, on average, up 9% from
        the year-ago third quarter.

   --  On average, commercial loan balances rose 11% and consumer
        loan balances rose 7% year over year.

   --  Balance sheet assets surpassed $10.5 billion for the first
        time on an average balance basis.

   --  Net interest income, before the provision for loan losses, was
        11% more than for third quarter last year.

   --  The net interest margin was 3.83%, up 3 basis points on a
        linked-quarter basis, and 17 basis points year over year.

   --  Wealth Advisory revenue rose 8%; Corporate Client revenue
        increased 11%; and revenue from affiliate money manager Cramer
        Rosenthal McGlynn was 35% higher than for the year-ago third
        quarter.

   --  The percentage of loans with pass ratings in the internal risk
        rating analysis continued to exceed 97%.

   Credit quality trends remained positive overall, but one
commercial loan charge-off during the third quarter increased net
charge-offs and the net charge-off ratio, and led to an increase in
the provision for loan losses. More details on this are in the credit
quality section of this report.

   On an annualized basis, third quarter 2006 results produced a
return on average assets of 0.20% and a return on average equity of
1.91%. Excluding the non-cash charge for RCM, the return on average
assets would have been 1.77% and the return on average equity would
have been 17.23%. The corresponding returns for the third quarter of
2005 were 1.70% and 17.65%, respectively.

   CASH DIVIDEND DECLARED

   On October 19, 2006, the Board of Directors declared a regular
quarterly cash dividend of $0.315 per share. The quarterly dividend
will be paid on November 15, 2006, to shareholders of record on
November 1, 2006.

   EFFICIENCY RATIO

   The efficiency ratio is a measure of profitability that reflects
how much a company spends to generate revenue. Low efficiency ratios
are desirable because they indicate high profitability.

   The non-cash charge, all of which was attributed to the Affiliate
Managers business segment, reduced the company's efficiency ratio for
the 2006 third quarter. There is more information about business line
profitability in the sections on each business and in the financial
reports by business segment in this report.

-0-
*T
Efficiency ratios                              2006 Q3 2006 Q2 2005 Q3
----------------------------------------------------------------------
Regional Banking                               40.02%  39.22%  42.86%
----------------------------------------------------------------------
Wealth Advisory Services                       77.64%  79.76%  75.53%
----------------------------------------------------------------------
Corporate Client Services                      70.71%  72.56%  76.67%
----------------------------------------------------------------------
Wilmington Trust consolidated                  95.64%  55.29%  56.87%
----------------------------------------------------------------------
Wilmington Trust consolidated absent non-cash
 charge                                        55.18%    --      --
----------------------------------------------------------------------
*T

   Excluding the non-cash charge, the table above shows that
Wilmington Trust spent slightly more than 55 cents for each dollar of
revenue recorded for the 2006 third quarter, and that the cost was
lower than for prior periods. The efficiency ratio improved from its
year-ago level mainly because pre-tax income was higher from the
Regional Banking and Corporate Client Services business. The
linked-quarter improvement was due to higher levels of pre-tax income
from Wealth Advisory Services and Corporate Client Services, as
expansion investments and the provision for loan losses reduced
pre-tax income from the Regional Banking business.

   INVESTMENT SECURITIES PORTFOLIO

   Investment securities portfolio balances for the 2006 third
quarter were $1.86 billion, on average. On a percentage basis, the
composition of the portfolio was relatively unchanged from prior
periods. As of September 30, 2006, approximately 80% of the portfolio
was invested in fixed rate instruments.

-0-
*T
Investment securities portfolio                2006 Q3 2006 Q2 2005 Q3
----------------------------------------------------------------------
Average life (in years)                         5.39    6.00    6.21
----------------------------------------------------------------------
Duration                                        2.39    2.78    2.74
----------------------------------------------------------------------
*T

   The average life and duration declined because the company
purchased shorter-term U.S. Treasury and government agency securities
during the 2006 third quarter and because the downward shift in the
yield curve caused prepayments to increase.

   THE REGIONAL BANKING BUSINESS

   The Delaware Valley region's economy remained well diversified and
economic indicators remained positive. According to the Federal
Reserve Bank of Philadelphia, economic activity over the past 12
months (as of August 2006, the most recent data available) increased
in Delaware and was stable in Pennsylvania and New Jersey. According
to the Federal Deposit Insurance Corporation, job growth in Delaware
continued to outpace the national rate, with job losses from
consolidation in the financial sector offset by gains in the
professional, business, health, and government sectors. According to
the U.S. Department of Labor, Delaware's unemployment rate for August
2006 was 3.7%. In comparison, the U.S. rate was 4.7%.

   Against this backdrop, loan balances rose for the 22nd consecutive
quarter and were $7.76 billion, on average. This was 9% higher than
for the year-ago third quarter, and 1% higher than for the 2006 second
quarter. Commercial real estate/construction loans, consumer loans,
and residential mortgage loans accounted for most of the growth.

-0-
*T
Loans                                          2006 Q3 2006 Q2 2005 Q3
----------------------------------------------------------------------
Total loans outstanding (in billions, on
 average)                                      $7.76   $7.68   $7.13
----------------------------------------------------------------------

----------------------------------------------------------------------
Delaware market loans (in billions, on
 average)                                      $5.78   $5.73   $5.37
----------------------------------------------------------------------
Delaware market loans as a % of total loans      74%     75%     75%
----------------------------------------------------------------------

----------------------------------------------------------------------
Pennsylvania market loans (in billions, on
 average)                                      $1.74   $1.72   $1.56
----------------------------------------------------------------------
Pennsylvania market loans as a % of total
 loans                                           22%     22%     22%
----------------------------------------------------------------------

----------------------------------------------------------------------
Other market loans as a % of total loans         4%      3%      3%
----------------------------------------------------------------------
*T

   Commercial loans

   Commercial loan balances were $5.23 billion, on average, for the
2006 third quarter. This was 11% higher than for the year-ago third
quarter, and 1% higher than for the 2006 second quarter. Almost all of
the year-over-year and linked-quarter growth was in commercial real
estate/construction (CRE) loans.

-0-
*T
Commercial loans (in millions, on          2006 Q3   2006 Q2   2005 Q3
 average)
----------------------------------------------------------------------
Commercial, industrial, and agricultural
 loans                                   $2,407.7  $2,463.5  $2,449.2
----------------------------------------------------------------------
Commercial real estate/construction
 loans                                    1,588.7   1,517.5   1,022.9
----------------------------------------------------------------------
Commercial mortgage loans                 1,238.5   1,212.8   1,232.8
----------------------------------------------------------------------
Total commercial loans                   $5,234.9  $5,193.8  $4,704.9
----------------------------------------------------------------------

----------------------------------------------------------------------
% of commercial loans from Delaware
 market                                        70%       70%       70%
----------------------------------------------------------------------
% of commercial loans from Pennsylvania
 market                                        29%       29%       29%
----------------------------------------------------------------------
% of commercial loans from other markets        1%        1%        1%
----------------------------------------------------------------------
*T

   CRE loan balances, on average, increased 55% from the year-ago
third quarter, mainly because population growth and high demand for
housing continued in Delaware. The Delaware market accounted for
approximately 69% of the year-over-year CRE loan growth and the
Pennsylvania market accounted for approximately 18%. Residential
housing development loans accounted for approximately 72% of the
year-over-year CRE loan growth.

   According to the University of Delaware's Center for Applied
Demography, Delaware had a net gain in population between July 2004
and July 2005 (the most recent data available). The Center reported
that Delaware's new residents include retirees attracted by the
state's relatively low property taxes and lack of a sales tax, as well
as working-age people from New Jersey and Pennsylvania who are willing
to trade longer commuting time for lower housing prices. Mayflower
Transit's 2006 relocation report ranked Delaware as the second most
popular relocation destination in the United States.

   On a linked-quarter basis, the pace of CRE loan growth slowed to
5%, and the new loans were split fairly evenly between the Delaware
and Pennsylvania markets. Residential housing development accounted
for almost all of the linked-quarter increase.

   The change in the pace of CRE loan growth reflected a return to
more normal market conditions. In September, several housing industry
groups, including the National Association of Realtors, Moody's
Economy.com, and multiple listing service Trend, predicted any housing
downturn in Delaware would be short-lived and less severe than
elsewhere in the United States. For the first eight months of 2006,
median sale prices for single-family homes in Delaware rose between 6%
and 12%, depending on location.

   Retail loans

   Retail loans (consumer loans, residential mortgage loans, and
loans secured with liquid collateral) for the 2006 third quarter were
$2.52 billion, on average. This was 4% higher than for the year-ago
third quarter, and 2% higher than for the 2006 second quarter.
Consumer loan and residential mortgage loan balances accounted for the
growth. Balances of loans secured with liquid collateral declined due
to lower demand from Wealth Advisory clients.

   More than half of total retail loan balances for the 2006 third
quarter were consumer loans. Consumer loan balances, on average, were
7% higher than for the year-ago third quarter and 2% higher on a
linked-quarter basis.

-0-
*T
Consumer loans (in millions, on average)  2006 Q3   2006 Q2   2005 Q3
----------------------------------------------------------------------
Home equity lines of credit               $319.4    $324.3    $330.6
----------------------------------------------------------------------
Indirect loans                            657.3     648.4     615.1
----------------------------------------------------------------------
Credit card loans                          75.1      74.2      71.7
----------------------------------------------------------------------
Other consumer loans                      418.7     394.7     352.3
----------------------------------------------------------------------
Total consumer loans                     $1,470.5  $1,441.6  $1,369.7
----------------------------------------------------------------------

----------------------------------------------------------------------
% of consumer loans from Delaware market    88%       88%       88%
----------------------------------------------------------------------
% of consumer loans from Pennsylvania
 market                                     7%        6%        6%
----------------------------------------------------------------------
% of consumer loans from other markets      5%        6%        6%
----------------------------------------------------------------------
*T

   The category of consumer loans recorded as "other consumer loans"
accounted for the majority of the growth in consumer loan balances.
This category comprises a variety of installment loans to individuals,
most of which are fixed rate loans, and includes home equity loans.
Home equity loan balances increased, while home equity lines of credit
decreased, as client demand for fixed rate products increased.

   Indirect loans, the majority of which are for late-model used
cars, also contributed to the increase in consumer loan balances. The
percentage of indirect loans from the New Jersey and Pennsylvania
markets increased substantially from their year-ago volumes,
reflecting the company's expansion in those areas.

   In the residential mortgage portfolio, balances rose but
origination volumes declined, in large part because:

   --  Although the company sells most new fixed rate residential
        mortgage production into the secondary market, mortgages that
        qualify as low income mortgages for Community Reinvestment Act
        (CRA) purposes are retained in the portfolio. CRA loans
        originated during the 2006 third quarter were nearly twice as
        high as the year-ago third quarter volumes.

   --  The average loan amount originated was 12% higher for the 2006
        third quarter than for the year-ago third quarter.

   --  The pace of refinancings and paydowns slowed.

   --  Seasonal cyclicality causes the number of loans originated to
        fluctuate from period to period.

-0-
*T
Residential mortgages                          2006 Q3 2006 Q2 2005 Q3
----------------------------------------------------------------------
Balances (in millions, on average)             $507.8  $484.2  $443.8
----------------------------------------------------------------------
Origination volumes (in millions)              $58.6   $67.7   $70.1
----------------------------------------------------------------------
Origination units                               239     288     321
----------------------------------------------------------------------
*T

   At September 30, 2006, approximately 74% of the residential
mortgage portfolio consisted of fixed rate mortgages, unchanged from
September 30, 2005, and June 30, 2006.

   Core deposits

   Core deposits (deposits from clients) for the 2006 third quarter
were $4.95 billion, on average, up 2% from the year-ago third quarter
and up slightly from the 2006 second quarter. Certificate of deposit
(CD) and interest bearing demand deposit balances rose, but these
increases were offset by a decline in noninterest bearing demand
deposit balances. The majority of core deposits continued to come from
Delaware clients.

-0-
*T
Total core deposits (on average)               2006 Q3 2006 Q2 2005 Q3
----------------------------------------------------------------------
From Delaware clients                            94%     94%     94%
----------------------------------------------------------------------
From Pennsylvania clients                        5%      5%      5%
----------------------------------------------------------------------
From other markets                               1%      1%      1%
----------------------------------------------------------------------
*T

   In December 2005, the company began to shift, or sweep, portions
of commercial noninterest bearing demand deposits into money market
deposits. This practice lowers deposit reserve requirements mandated
by the Federal Reserve, and ultimately reduces the company's borrowing
costs and uninvested cash balances. These sweeps accounted for
approximately $185 million of the $279 million year-over-year decline
in noninterest bearing demand deposits.

   CDs in amounts under $100,000 were 20% higher on a year-over-year
basis, and local CDs in amounts of $100,000 and more were 34% higher.
Since local CDs are client deposits, they are recorded as core
deposits, not brokered deposits. Commercial banking clients in the
Delaware Valley and local municipalities, which frequently use these
CDs to generate returns on their excess cash, account for the majority
of local CD balances.

-0-
*T
Local CDs greater than or equal to $100,000 by
 client category                               2006 Q3 2006 Q2 2005 Q3
----------------------------------------------------------------------
Consumer banking clients                         73%     74%     66%
----------------------------------------------------------------------
DE commercial banking clients                    10%     12%     11%
----------------------------------------------------------------------
PA commercial banking clients                    10%     7%      6%
----------------------------------------------------------------------
Wealth Advisory Services clients                 7%      7%      16%
----------------------------------------------------------------------
Corporate Client Services clients                --      --      1%
----------------------------------------------------------------------
*T

   Deposits recorded as national CDs of $100,000 or more (national
CDs) are brokered deposits, not client deposits. Since the company
gathers deposits mainly in Delaware, but makes loans in four states,
national CDs are a cost-effective way to fund loan growth without
incurring the expense of building and operating a large-scale branch
office network outside Delaware.

   Credit quality

   The percentage of loans outstanding with pass ratings from the
internal risk rating analysis exceeded 97% for the fourth consecutive
quarter, and was higher year-over-year and on a linked-quarter basis.
While credit quality trends remained positive overall, net charge-offs
and the net charge-off ratio were higher than in prior quarters,
primarily because of one loan that was charged-off during the 2006
third quarter.

   This loan, which was to a Delaware Valley-based client in the
dining and entertainment industry, had been recorded in renegotiated
loans since the fourth quarter of 2004. As a result of this
charge-off, the percentage of loans rated doubtful in the internal
risk rating analysis dropped to zero. Renegotiated loans also fell to
zero, because this loan was charged off, and the other loan in the
category was repaid in July 2006.

   The net charge-off ratio for the 2006 third quarter was 9 basis
points. This brought the net charge-off ratio on an annualized basis
to 22 basis points, still below historical levels. Between 1995 and
2005, the annual net charge-off ratio ranged from 24 to 44 basis
points.

   Nonaccruing loans and loans past due 90 days or more were
considerably lower than for the year-ago third quarter, but were
higher on a linked-quarter basis. Fewer than 10 loans, most of which
were commercial loans, accounted for the changes. None of the loans
classified as nonaccruing or past due 90 days during the 2006 third
quarter were real-estate related.

   The amount recorded as other real estate owned (OREO) consists of
an agricultural parcel in New Jersey. While OREO was higher
year-over-year, the amount was unchanged from the 2006 second quarter.

   The 2006 third quarter provision for loan losses was $6.6 million,
compared with $2.9 million for the year-ago third quarter, and $4.2
million for the 2006 second quarter. The reserve for loan losses was
$93.6 million at September 30, 2006, which was slightly higher year
over year and slightly lower on a linked-quarter basis. The loan loss
reserve ratio for the 2006 third quarter was 1.20%, compared with
1.28% for the year-ago third quarter, and 1.22% for the 2006 second
quarter.

   Regional Banking profitability

   The provision for loan losses and higher expenses due to expansion
activities offset increases in net interest income, causing a slight
uptick in the efficiency ratio for the Regional Banking business.

-0-
*T
Efficiency ratios                              2006 Q3 2006 Q2 2005 Q3
----------------------------------------------------------------------
Regional Banking                               40.02%  39.22%  42.86%
----------------------------------------------------------------------
*T

   NET INTEREST MARGIN

   For the 2006 third quarter, assets continued to reprice faster
than liabilities and deposit pricing pressure, other than for CDs,
remained relatively modest. In addition, the third quarter was the
first full quarter to reflect the effects of the increase in
short-term interest rates that the Federal Reserve made on June 29,
2006. These factors contributed to the increase in the net interest
margin, which, at 3.83%, was 17 basis points higher than for the
year-ago third quarter, and 3 basis points higher than for the 2006
second quarter.

-0-
*T
Net interest margin                            2006 Q3 2006 Q2 2005 Q3
----------------------------------------------------------------------
Net interest margin                             3.83%   3.80%   3.66%
----------------------------------------------------------------------
*T

-0-
*T
                                               9/30/06 vs. 9/30/06 vs.
Basis point (bps) increases in yields/rates    6/30/06     9/30/05
----------------------------------------------------------------------
Total earning assets                             25 bps      128 bps
----------------------------------------------------------------------
Funds to support earning assets                  22 bps      111 bps
----------------------------------------------------------------------
*T

-0-
*T
                                               9/30/06 vs. 9/30/06 vs.
Average balance increases                      6/30/06     9/30/05
----------------------------------------------------------------------
Total earning assets                               1%          6%
----------------------------------------------------------------------
Funds to support earning assets                    1%          6%
----------------------------------------------------------------------
*T

   The company's floating rate loan portfolio is matched closely with
floating rate funding. This helps to minimize changes in the net
interest margin due to changes in market interest rates. As of
September 30, 2006:

   --  Approximately 75% of total loans outstanding were floating
        rate loans.

   --  Approximately 81% of floating rate loans were commercial
        loans, most of which reprice within 30 to 45 days of a rate
        change.

   --  The pricing on approximately 62% of commercial floating rate
        loans was tied to a prime lending rate of 8.25%.

   --  The pricing on approximately 34% of commercial floating rate
        loans was tied to the 30-day London Interbank Offered Rate
        (Libor) of 5.32%.

-0-
*T
          Commercial floating
          rate loans repricing    National CDs        Short-term
                   in               maturing       borrowings maturing
         less than or equal to    less than or    less than or equal
 As of           30 days         equal to 90 days      to 90 days
----------------------------------------------------------------------
9/30/06           93%                  74%                98%
----------------------------------------------------------------------
6/30/06           92%                  59%                91%
----------------------------------------------------------------------
9/30/05           92%                  91%                90%
----------------------------------------------------------------------
*T

   Changes over the past 12 months in the percentage of national CDs
maturing in 90 days or less reflected the flat yield curve. With
little difference between 90-day rates and longer-term rates, the
company opted to purchase the longer-term instruments.

   THE WEALTH ADVISORY SERVICES BUSINESS

   Wealth Advisory Services (WAS) revenue for the 2006 third quarter
was $47.1 million. This was 8% higher than for the year-ago third
quarter, and slightly more than for the 2006 second quarter. Strong
growth in revenue from planning and other services, plus higher mutual
fund revenue, accounted for the year-over-year increase. The
linked-quarter increase came from mutual fund revenue. Most mutual
fund fees are based on money market funds.

   Revenue from trust and investment advisory services was
essentially unchanged from the prior-year and prior-quarter levels, as
business development was offset by lackluster performance in the
financial markets. As of September 30, 2006, approximately 48% of
assets managed for WAS clients were invested in equities, and
approximately 28% were invested in fixed income instruments. Although
markets rallied in September, the timing occurred too late in the
quarter to have much of an effect.

   Revenue from planning and other services for the 2006 third
quarter was $8.8 million. This was 38% higher than for the year-ago
third quarter, and down slightly from the 2006 second quarter.
Planning revenue was affected mainly by activity at Grant Tani Barash
& Altman (GTBA), the company's West Coast provider of business
management and family office services. Since GTBA's fees are based on
the amount of income its clients earn, revenue from GTBA can fluctuate
up or down from period to period.

   Business development remained solid. Year-over-year sales
increases were recorded by the California, Maryland, and Delaware
markets. Sales attributed to Delaware include business from clients in
other states whose accounts are located in Delaware in order to
benefit from trust, tax, and legal advantages not available for trusts
governed by the laws of other states. On a linked-quarter basis, sales
increases were recorded by the California, Florida, Maryland, and
Pennsylvania markets.

   Wealth Advisory Services profitability

   Pretax income from WAS for the 2006 third quarter was the same as
for the year-ago third quarter, but expenses were higher
year-over-year because of expansion activities, including the East
Coast launch of the Wilmington Family Office practice and the opening
of new offices in Pennsylvania and New Jersey. This led to a modest
decline, year over year, in the efficiency ratio. On a linked-quarter
basis, incentive and employment benefits expenses were lower, which
improved the efficiency ratio.

-0-
*T
Efficiency ratios                              2006 Q3 2006 Q2 2005 Q3
----------------------------------------------------------------------
Wealth Advisory Services                       77.64%  79.76%  75.53%
----------------------------------------------------------------------
*T

   THE CORPORATE CLIENT SERVICES BUSINESS

   Corporate Client Services (CCS) revenue for the 2006 third quarter
was $21.1 million. This was 10% more than for the year-ago third
quarter, and slightly higher than for the 2006 second quarter. Fees
from entity management, retirement services, and investment and cash
management services rose on a year-over-year as well as a
linked-quarter basis, but these increases were offset by flatness in
capital markets revenue.

   Capital markets revenue for the 2006 third quarter was $8.2
million, down slightly from the year-ago and prior quarter levels.
Weakness in U.S. demand for asset-backed securitizations continued to
offset growth in defeasance services (transactions in which one type
of collateral is exchanged for another) and insurance premium
financing.

   Entity management revenue for the 2006 third quarter was $6.8
million, up 19% from the year-ago third quarter and 3% on a
linked-quarter basis. Business development in Europe and the Cayman
Islands accounted for most of the growth. In Europe, business activity
reflected demand for independent directorships and administrative
services, particularly for asset-backed securitizations in Ireland,
England, and Greece.

   Corporate retirement services for the 2006 third quarter was $3.4
million, up 6% from the year-ago as well as linked quarter, mainly
because clients added funds to their retirement plans. While most CCS
fees are transaction-based, approximately 55% of retirement services
fees are based on the valuation of retirement plan assets for which
the company serves as custodian.

   CCS investment and cash management revenue for the 2006 third
quarter was $2.7 million. This was 42% higher than for the year-ago
third quarter, and 8% more than for the 2006 second quarter. These
increases resulted from higher client demand and more proactive
efforts to market these services. Approximately 30% of the 2006 third
quarter investment/cash management revenue was tied to the valuations
of domestic fixed income instruments, primarily asset-backed, U.S.
Treasury, corporate, and other types of investment grade securities.
The remainder was based on money market mutual fund balances.

   Corporate Client Services profitability

   On a year-over-year as well as linked-quarter basis, net interest
and noninterest income growth outpaced expense growth, which caused
the CCS efficiency ratio to improve.

-0-
*T
Efficiency ratios                              2006 Q3 2006 Q2 2005 Q3
----------------------------------------------------------------------
Corporate Client Services                      70.71%  72.56%  76.67%
----------------------------------------------------------------------
*T

   AFFILIATE MONEY MANAGERS

   Assets under management at value-style affiliate Cramer Rosenthal
McGlynn (CRM) were $9.80 billion at September 30, 2006. This was an
increase of $1.30 billion, or 15%, from the amount reported at the end
of September 2005, and $392.5 million, or 4%, more than at June 30,
2006. Asset inflows, particularly in the mid-cap value product, and
market appreciation accounted for the growth.

   Revenue from CRM for the 2006 third quarter was $4.6 million. This
was 35% more than for the year-ago third quarter, and reflected the
increase in managed assets. On a linked-quarter basis, revenue from
CRM declined opposite the increase in managed assets, mainly because
the revenue recorded for the 2006 second quarter included higher
levels of hedge fund performance fees.

-0-
*T
Affiliate managers (in millions)          2006 Q3   2006 Q2   2005 Q3
----------------------------------------------------------------------
Managed assets at Cramer Rosenthal
 McGlynn                                 $9,784.5  $9,392.0  $8,480.5
----------------------------------------------------------------------
Revenue from Cramer Rosenthal McGlynn        $4.6      $5.5      $3.4
----------------------------------------------------------------------

----------------------------------------------------------------------
Managed assets at Roxbury Capital
 Management                              $3,122.9  $3,253.3  $3,246.6
----------------------------------------------------------------------
Revenue from Roxbury Capital Management        --      $0.3      $0.3
----------------------------------------------------------------------
*T

   Growth-style affiliate Roxbury Capital Management (RCM) terminated
its micro-cap product during the 2006 third quarter, which reduced
managed asset levels and revenue. In addition, costs associated with
the fund termination caused expenses to be higher than usual. As a
result, RCM's revenue contribution for the quarter was negative and a
nominal loss was recorded.

   OTHER INCOME ITEMS

   Other noninterest income was lower on a year-over-year basis
because the amount reported for the year-ago third quarter included
approximately $2.0 million of gains from executive life insurance
policies. On a linked-quarter basis, other noninterest income was
lower mainly because the amount recorded for the 2006 second quarter
included nonrecurring income of approximately $1.0 million from a gain
on the sale of real estate.

   NONINTEREST EXPENSES

   Noninterest expenses for the 2006 third quarter were $170.9
million. The non-cash charge for RCM accounted for $72.3 million of
this amount. Excluding the non-cash charge, noninterest expenses were
$98.6 million. This was 6% more than for the year-ago third quarter,
and $300,000 more than for the 2006 second quarter.

   Expansion initiatives and additions to staff were the primary
reasons for the increases. In the past 12 months, the company has:

   --  Launched the Wilmington Family Office practice on the East
        Coast.

   --  Opened new offices in Pennsylvania, New Jersey, Connecticut,
        and Frankfurt, Germany.

   --  Expanded existing offices in Delaware, Pennsylvania, Maryland,
        and New York.

   --  Acquired PwC Corporate Services (Cayman).

   --  Invested in technology and added staff to expand services that
        support collateralized debt obligations.

   At September 30, 2006, there were 2,520 staff members. This was 81
more than at the end of the year-ago third quarter, and 5 more than at
the end of the 2006 second quarter. Staffing-related costs continued
to account for the majority of noninterest expenses, excluding the
non-cash charge.

-0-
*T
Staffing-related expenses (dollars in
 millions)                                     2006 Q3 2006 Q2 2005 Q3
----------------------------------------------------------------------
Full-time equivalent staff members             2,520   2,515   2,439
----------------------------------------------------------------------
Staffing-related expenses                      $59.8   $60.0   $56.3
----------------------------------------------------------------------
*T

   Among staffing-related expenses, increased salary and wage
expenses were offset by accruals for incentives and employment
benefits expenses. Effective January 1, 2006, amounts reported for
incentive and bonus expense were adjusted to reflect adoption of the
retrospective method of accounting for stock-based compensation
expense, in accordance with Statement of Financial Accounting
Standards No. 123 (revised). Stock-based compensation expense is
included in incentive and bonus expense.

-0-
*T
Incentives and bonuses
(in millions)                  2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3
----------------------------------------------------------------------
Stock option expense            $1.7    $1.4    $2.0    $1.8    $1.7
----------------------------------------------------------------------
Total incentives and bonuses    $8.9   $10.3   $10.3    $8.8    $9.3
----------------------------------------------------------------------
*T

   CAPITAL RATIOS

   During a review of risk-based capital calculations, the company
discovered that the total risk-based capital ratios reported as of
December 31, 2005; March 31, 2006; and June 30, 2006, inadvertently
included portions of subordinated long-term debt that should have been
excluded due to their approaching maturity. The corrected ratios
appear in the table below.

   The total risk-based capital ratio was the only capital ratio
affected. All of the company's capital ratios remained well above the
regulatory minimum to be considered a well capitalized institution.

-0-
*T
Corrections  At June 30, 2006  At March 31, 2006  At December 31, 2005
 to the     ----------------------------------------------------------
 total
 risk-based
 capital    Reported Corrected Reported Corrected Reported Corrected
 ratio        ratio    ratio     ratio    ratio     ratio     ratio
----------------------------------------------------------------------
Total risk-
 based
 capital      12.66%    11.80%   12.72%    12.21%   12.36%      12.02%
----------------------------------------------------------------------
*T

-0-
*T
                               Adequately capitalized Well capitalized
Regulatory minimums                    minimum             minimum
----------------------------------------------------------------------
Total risk-based capital                 8%                 10%
----------------------------------------------------------------------
*T

   Capital ratios for the three months ended September 30, 2006, and
the preceding four quarters are included in the supplemental
information section of this release.

   SHARE REPURCHASES

   During the 2006 third quarter, the company spent $22.2 million to
repurchase 504,515 of its shares. The average price per share was
$44.08. This brought the total number of shares repurchased under the
current 8-million-share program, which commenced in April 2002, to
1,350,077, leaving 6,649,923 shares available for repurchase.

   OUTLOOK FOR THE REMAINDER OF 2006

   Commenting on the outlook for the remainder of 2006, Cecala said:

   --  "Our focus on building and strengthening client relationships,
        plus the expansion investments we have made, have generated
        strong momentum in each of our businesses for the first nine
        months of 2006. We expect that momentum to continue.

   --  "Economic indicators remain positive overall for the Delaware
        Valley region, which will benefit the Regional Banking
        business.

   --  "Population growth in Delaware continues to drive housing
        demand. The housing market has slowed somewhat, but the level
        of activity remains within what has been considered a
        historically normal range. Published reports indicate that
        Delaware's housing market is not expected to experience as
        sharp a decline as in other parts of the country.

   --  "Core deposit pricing tends to lag behind the Federal Open
        Market Committee interest rate changes. Absent any additional
        increases, we expect core deposit pricing to catch up, which
        will cause the net interest margin to decline modestly.

   --  "In terms of credit quality, more than 97% of our loans
        outstanding have pass ratings. We expect the full-year
        provision for loan losses to be in line with the levels we
        have seen over the past 10 years, which have ranged from $12
        million to $22 million.

   --  "As the percentage of loans generated outside of the Delaware
        market continues to increase, we will continue to use national
        CDs to help fund earning asset growth - and to help us manage
        expense growth and interest rate risk.

   --  "In Wealth Advisory Services, we expect to see higher levels
        of planning revenue due to the expansion of our family office
        capabilities. The majority of Wealth Advisory revenue,
        however, is tied to financial market levels. We base trust and
        investment advisory fees on market levels as of the last
        business day of each month, so changes in revenue from these
        services may not correlate directly with changes in financial
        markets.

   --  "Business development continues to be solid in Corporate
        Client Services, especially in Europe and the Caribbean. To
        further grow this business, we are considering small
        acquisitions and looking for opportunities to develop new
        products.

   --  "Asset inflows continue at value-style affiliate Cramer
        Rosenthal McGlynn (CRM). Revenue from CRM will reflect
        financial market levels.

   --  "Growth-style affiliate Roxbury Capital Management (RCM)
        continues to be profitable. The changes RCM made during the
        third quarter should have a positive effect on the firm's
        continuing operations.

   --  "Expense growth will reflect the expansion investments we have
        made this year in each of our businesses, and should
        approximate 7% for the full year, plus the $72.3 million
        impairment expense."

   CONFERENCE CALL

   Management will discuss the 2006 third quarter results and outlook
for the future in a conference call today at 10:00 a.m. (EDT).
Supporting materials, financial statements, and audio streaming will
be available at www.wilmingtontrust.com.

   To access the call from within the United States, dial (877)
258-8842 and enter PIN 7811598. From outside the United States, dial
[phone] and enter PIN 7811598.

   A rebroadcast of the call will be available from 12:30 p.m. (EDT)
today until 5:00 p.m. (EDT) on Friday, October 27, 2006, by calling
[phone] inside the United States or [phone] from outside
the United States. Use PIN 7811598 to access the rebroadcast.

   FORWARD-LOOKING STATEMENTS

   This presentation contains forward-looking statements that reflect
our current expectations about our future performance. These
statements rely on a number of assumptions and estimates and are
subject to various risks and uncertainties that could cause our actual
results to differ from our expectations. Factors that could affect our
future financial results include, among other things, changes in
national or regional economic conditions; changes in market interest
rates; significant changes in banking laws or regulations; increased
competition in our businesses; higher-than-expected credit losses; the
effects of acquisitions; the effects of integrating acquired entities;
a substantial and permanent loss of either client accounts and/or
assets under management at Wilmington Trust and/or our affiliate money
managers, Cramer Rosenthal McGlynn and Roxbury Capital Management;
unanticipated changes in regulatory, judicial, or legislative tax
treatment of business transactions; and economic uncertainty created
by unrest in other parts of the world.

   ABOUT WILMINGTON TRUST

   Wilmington Trust Corporation (NYSE:WL) is a financial services
holding company that provides Regional Banking services throughout the
Delaware Valley region, Wealth Advisory Services for high-net-worth
clients in 22 countries, and Corporate Client Services for
institutional clients in 81 countries. Its wholly owned bank
subsidiary, Wilmington Trust Company, which was founded in 1903, is
one of the largest personal trust providers in the United States and
the leading retail and commercial bank in Delaware. Wilmington Trust
Corporation and its affiliates have offices in California,
Connecticut, Delaware, Florida, Georgia, Maryland, Nevada, New Jersey,
New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands,
the Channel Islands, London, Dublin, and Frankfurt. For more
information, visit www.wilmingtontrust.com.

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*T
            WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        As of and for the nine months ended September 30, 2006

                              HIGHLIGHTS

                    Three Months Ended          Nine Months Ended
                --------------------------- --------------------------

                Sept. 30, Sept. 30,    %    Sept. 30, Sept. 30,   %
                  2006      2005     Change   2006      2005    Change
----------------------------------------------------------------------
OPERATING
 RESULTS (in
 millions)
Net interest
 income        $    93.0 $     83.7   11.1 $   270.7 $   241.4   12.1
Provision for
 loan losses        (6.6)      (2.9) 127.6     (14.8)     (9.8)  51.0
Noninterest
 income             84.6       79.7    6.1     253.6     233.5    8.6
Noninterest
 expense           170.9       93.5   82.8     366.8     275.6   33.1
Net income           5.2       42.8  (87.9)     96.3     120.5  (20.1)

PER SHARE DATA
Basic net
 income        $    0.08 $     0.63  (87.3)$    1.41 $    1.78  (20.8)
Diluted net
 income             0.07       0.62  (88.7)     1.38      1.76  (21.6)
Dividends paid     0.315       0.30    5.0      0.93     0.885    5.1
Book value at
 period end        15.55      14.34    8.4     15.55     14.34    8.4
Closing price
 at period end     44.55      36.45   22.2     44.55     36.45   22.2
Market range:
 High              45.61      39.36   15.9     45.61     39.36   15.9
 Low               40.52      35.35   14.6     38.54     33.01   16.8

AVERAGE SHARES
 OUTSTANDING
 (in
 thousands)
 Basic            68,647     67,788    1.3    68,399    67,630    1.1
 Diluted          69,933     68,699    1.8    69,716    68,440    1.9

AVERAGE
 BALANCE SHEET
 (in millions)
Investment
 portfolio     $ 1,857.0 $  1,930.0   (3.8)$ 1,851.2 $ 1,866.3   (0.8)
Loans            7,759.3    7,128.4    8.9   7,628.0   6,946.8    9.8
Earning assets   9,645.1    9,111.3    5.9   9,501.0   8,844.6    7.4
Core deposits    4,950.0    4,853.0    2.0   4,912.6   4,817.4    2.0
Stockholders'
 equity          1,081.7      962.2   12.4   1,056.3     937.9   12.6


STATISTICS AND
 RATIOS (net
 income
 annualized)
Return on
 average
 stockholders'
 equity             1.91%     17.65% (89.2)    12.19%    17.18% (29.0)
Return on
 average
 assets             0.20%      1.70% (88.2)     1.24%     1.66% (25.3)
Net interest
 margin
 (taxable
 equivalent)        3.83%      3.66%   4.6      3.80%     3.65%   4.1
Dividend
 payout ratio     415.38%     47.20%   N/M     65.94%    49.63%  32.9
Full-time
 equivalent
 headcount         2,520      2,439    3.3     2,520     2,439    3.3


*T

-0-
*T
Prior period numbers have been adjusted throughout this report for the
 retrospective adoption of stock-based compensation accounting.
*T

-0-
*T
            WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        As of and for the nine months ended September 30, 2006

                      QUARTERLY INCOME STATEMENT

                                    Three Months Ended
                     -------------------------------------------------
                                                        % Change From:
                      Sept.  June   Mar.   Dec.   Sept. --------------
                       30,    30,    31,    31,    30,   Prior  Prior
(in millions)         2006   2006   2006   2005   2005  Quarter Year
----------------------------------------------------------------------
NET INTEREST INCOME
 Interest income     $175.0 $165.0 $152.8 $146.2 $134.9    6.1   29.7
 Interest expense      82.0   74.6   65.5   58.7   51.2    9.9   60.2
--------------------------------------------------------
  Net interest income  93.0   90.4   87.3   87.5   83.7    2.9   11.1
 Provision for loan
  losses               (6.6)  (4.2)  (4.0)  (2.0)  (2.9)  57.1  127.6
--------------------------------------------------------
  Net interest income
   after provision
   for loan losses     86.4   86.2   83.3   85.5   80.8    0.2    6.9
                     -----------------------------------
NONINTEREST INCOME
 Advisory fees:
  Wealth Advisory
   Services
   Trust and
    investment
    advisory fees      33.0   33.1   34.3   31.1   32.7   (0.3)   0.9
   Mutual fund fees     5.3    5.0    4.7    4.5    4.4    6.0   20.5
   Planning and other
    services            8.8    8.9    7.3    7.1    6.4   (1.1)  37.5
--------------------------------------------------------
    Total Wealth
     Advisory
     Services          47.1   47.0   46.3   42.7   43.5    0.2    8.3
                     -----------------------------------
  Corporate
   Client Services
   Capital markets
    services            8.2    8.5    8.7    8.9    8.3   (3.5)  (1.2)
   Entity management
    services            6.8    6.6    6.5    6.1    5.7    3.0   19.3
   Retirement
    services            3.4    3.2    3.1    3.3    3.2    6.2    6.2
   Investment / cash
    management
    services            2.7    2.5    2.1    2.3    1.9    8.0   42.1
--------------------------------------------------------
    Total Corporate
     Client
     Services          21.1   20.8   20.4   20.6   19.1    1.4   10.5
                     -----------------------------------
  Cramer Rosenthal
   McGlynn              4.6    5.5    4.0    4.3    3.4  (16.4)  35.3
  Roxbury Capital
   Management          ----    0.3    0.9    0.6    0.3 (100.0)(100.0)
--------------------------------------------------------
   Advisory fees       72.8   73.6   71.6   68.2   66.3   (1.1)   9.8
  Amortization of
   affiliate other
   intangibles         (1.1)  (1.0)  (1.0)  (1.0)  (1.0)  10.0   10.0
--------------------------------------------------------
   Advisory fees
    after
    amortization of
    affiliate other
    intangibles        71.7   72.6   70.6   67.2   65.3   (1.2)   9.8
                     -----------------------------------
 Service charges on
  deposit accounts      7.3    7.0    6.9    7.3    7.4    4.3   (1.4)
 Other noninterest
  income                5.5    6.8    5.2    5.3    7.0  (19.1) (21.4)
 Securities
  gains/(losses)        0.1   (0.1)  ----   ----   ----   ----   ----
--------------------------------------------------------
  Total noninterest
   income              84.6   86.3   82.7   79.8   79.7   (2.0)   6.1
                     -----------------------------------
  Net interest and
   noninterest income 171.0  172.5  166.0  165.3  160.5   (0.9)   6.5
                     -----------------------------------
NONINTEREST EXPENSE
 Salaries and wages    39.5   37.8   36.9   36.4   35.4    4.5   11.6
 Incentives and
  bonuses               8.9   10.3   10.3    8.8    9.3  (13.6)  (4.3)
 Employment benefits   11.4   11.9   13.5   11.5   11.6   (4.2)  (1.7)
 Net occupancy          6.7    6.3    5.9    6.1    5.5    6.3   21.8
 Furniture,
  equipment, and
  supplies              9.2    9.9    9.0    8.4    8.7   (7.1)   5.7
 Other noninterest
  expense:
  Advertising and
   contributions        2.2    2.1    1.9    2.5    2.4    4.8   (8.3)
  Servicing and
   consulting fees      2.8    2.4    2.3    2.9    2.3   16.7   21.7
  Subadvisor expense    2.7    2.9    2.8    2.5    2.7   (6.9)  ----
  Travel,
   entertainment, and
   training             2.5    2.3    2.2    2.6    2.6    8.7   (3.8)
  Originating and
   processing fees      2.8    2.4    2.8    2.8    2.8   16.7   ----
  Other expense         9.9   10.0    9.9   10.0   10.2   (1.0)  (2.9)
--------------------------------------------------------
   Total other
    noninterest
    expense            22.9   22.1   21.9   23.3   23.0    3.6   (0.4)
                     -----------------------------------
  Total noninterest
   expense before
   impairment          98.6   98.3   97.5   94.5   93.5    0.3    5.5
 Impairment write-
  down                 72.3   ----   ----   ----   ----   ----   ----
                     -----------------------------------
  Total noninterest
   expense            170.9   98.3   97.5   94.5   93.5   73.9   82.8
                     -----------------------------------
 Income before income
  taxes and minority
  interest              0.1   74.2   68.5   70.8   67.0  (99.9) (99.9)
 Applicable income
  taxes                (5.0)  27.2   24.3   24.3   24.1   ----   ----
--------------------------------------------------------
  Net income before
   minority interest    5.1   47.0   44.2   46.5   42.9  (89.1) (88.1)
 Minority interest     (0.1)   0.1    0.1   ----    0.1   ----   ----
--------------------------------------------------------
  Net income           $5.2  $46.9  $44.1  $46.5  $42.8  (88.9) (87.9)
                     ===================================
*T

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*T
            WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        As of and for the nine months ended September 30, 2006

                    YEAR-TO-DATE INCOME STATEMENT

                                             Nine Months Ended
                                      --------------------------------

                                       Sept. 30,   Sept. 30,     %
(in millions)                            2006        2005      Change
----------------------------------------------------------------------
NET INTEREST INCOME
 Interest income                      $    492.9  $    370.4     33.1
 Interest expense                          222.2       129.0     72.2
-------------------------------------------------------------
  Net interest income                      270.7       241.4     12.1
 Provision for loan losses                 (14.8)       (9.8)    51.0
-------------------------------------------------------------
  Net interest income after provision
   for loan losses                         255.9       231.6     10.5
                                      -----------------------
NONINTEREST INCOME
 Advisory fees:
  Wealth Advisory Services
   Trust and investment advisory fees      100.4        92.9      8.1
   Mutual fund fees                         15.0        13.2     13.6
   Planning and other services              25.1        23.3      7.7
-------------------------------------------------------------
    Total Wealth
     Advisory
     Services                              140.5       129.4      8.6
                                      -----------------------
  Corporate
   Client Services
   Capital markets services                 25.4        23.7      7.2
   Entity management services               19.8        17.5     13.1
   Retirement services                       9.8         9.1      7.7
   Investment / cash management
    services                                 7.3         5.4     35.2
-------------------------------------------------------------
    Total Corporate
     Client
     Services                               62.3        55.7     11.8
                                      -----------------------
  Cramer Rosenthal McGlynn                  14.1        11.8     19.5
  Roxbury Capital Management                 1.1         0.8     37.5
-------------------------------------------------------------
   Advisory fees                           218.0       197.7     10.3
  Amortization of affiliate other
   intangibles                              (3.1)       (3.1)    ----
-------------------------------------------------------------
   Advisory fees after amortization
    of affiliate other intangibles         214.9       194.6     10.4
                                      -----------------------
 Service charges on deposit accounts        21.1        20.9      1.0
 Other noninterest income                   17.6        17.2      2.3
 Securities gains                           ----         0.8   (100.0)
-------------------------------------------------------------
  Total noninterest income                 253.6       233.5      8.6
                                      -----------------------
  Net interest and noninterest income      509.5       465.1      9.5
                                      -----------------------
NONINTEREST EXPENSE
 Salaries and wages                        114.1       103.3     10.5
 Incentives and bonuses                     29.5        29.1      1.4
 Employment benefits                        36.8        35.8      2.8
 Net occupancy                              19.0        16.3     16.6
 Furniture, equipment, and supplies         28.2        26.3      7.2
 Other noninterest expense:
  Advertising and contributions              6.2         6.6     (6.1)
  Servicing and consulting fees              7.5         7.3      2.7
  Subadvisor expense                         8.4         6.9     21.7
  Travel, entertainment, and training        7.0         6.2     12.9
  Originating and processing fees            8.0         7.7      3.9
  Other expense                             29.8        30.1     (1.0)
-------------------------------------------------------------
   Total other noninterest expense          66.9        64.8      3.2
                                      -----------------------
  Total noninterest expense before
   impairment                              294.5       275.6      6.9
 Impairment write-down                      72.3        ----     ----
                                      -----------------------
  Total noninterest expense                366.8       275.6     33.1
                                      -----------------------
 Income before income taxes and
  minority interest                        142.7       189.5    (24.7)
 Applicable income taxes                    46.3        68.8    (32.7)
-------------------------------------------------------------
  Net income before minority interest       96.4       120.7    (20.1)
 Minority interest                           0.1         0.2    (50.0)
-------------------------------------------------------------
  Net income                          $     96.3  $    120.5    (20.1)
                                      =======================
*T

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*T
            WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        As of and for the nine months ended September 30, 2006

   COMPARISON OF RESULTS WITH AND WITHOUT THE IMPAIRMENT WRITE-DOWN



                                    Three months ended September 30,
                                                   2006
                                   -----------------------------------
                                       With      Without
                                    impairment  impairment  Impairment
                                    ----------  ----------  ----------
OPERATING RESULTS (in millions)
Net interest income                $     93.0  $     93.0  $     ----
Provision for loan losses                (6.6)       (6.6)       ----
Noninterest income                       84.6        84.6        ----
Noninterest expense                     170.9        98.6        72.3
----------------------------------------------------------------------
Income before taxes and minority
 interest                                 0.1        72.4       (72.3)
Applicable income taxes                  (5.0)       25.6       (30.6)
----------------------------------------------------------------------
Net income before minority
 interest                                 5.1        46.8       (41.7)
Minority interest                        (0.1)       (0.1)       ----
----------------------------------------------------------------------
Net income                         $      5.2  $     46.9  $    (41.7)
                                   ===================================


PER SHARE DATA
Diluted shares outstanding (in
 millions)                               69.9        69.9        ----
Per-share earnings                 $     0.07  $     0.67  $    (0.60)


STATISTICS AND RATIOS (dollars in
 millions)
Total assets, on average           $ 10,522.2  $ 10,523.0  $     (0.8)
Stockholders' equity, on average      1,081.7     1,082.2        (0.5)
Return on average assets                 0.20%       1.77%     (1.57)%
Return on equity                         1.91%      17.23%    (15.32)%

Net interest before provision and
 noninterest income                $    177.6  $    177.6  $     ----
Tax equivalent interest income            1.1         1.1        ----
----------------------------------------------------------------------
                                   $    178.7  $    178.7  $     ----
Noninterest expense                $   (170.9) $    (98.6) $    (72.3)
                                   -----------------------------------
Efficiency ratio                        95.64%      55.18%      40.46%



                                    Nine months ended September 30,
                                                   2006
                                   -----------------------------------
                                       With      Without
                                    impairment  impairment  Impairment
                                    ----------  ----------  ----------
OPERATING RESULTS (in millions)
Net interest income                $    270.7  $    270.7  $     ----
Provision for loan losses               (14.8)      (14.8)       ----
Noninterest income                      253.6       253.6        ----
Noninterest expense                     366.8       294.5        72.3
----------------------------------------------------------------------
Income before taxes and minority
 interest                               142.7       215.0       (72.3)
Applicable income taxes                  46.3        76.9       (30.6)
----------------------------------------------------------------------
Net income before minority
 interest                                96.4       138.1       (41.7)
Minority interest                         0.1         0.1        ----
----------------------------------------------------------------------
Net income                         $     96.3  $    138.0  $    (41.7)
                                   ===================================


PER SHARE DATA
Diluted shares outstanding (in
 millions)                               69.7        69.7        ----
Per-share earnings                 $     1.38  $     1.98  $    (0.60)


STATISTICS AND RATIOS (dollars in
 millions)
Total assets, on average           $ 10,354.4  $ 10,354.6  $     (0.2)
Stockholders' equity, on average      1,056.3     1,056.4        (0.1)
Return on average assets                 1.24%       1.78%     (0.54)%
Return on equity                        12.19%      17.47%     (5.28)%

Net interest before provision and
 noninterest income                $    524.3  $    524.3  $     ----
Tax equivalent interest income            3.2         3.2        ----
----------------------------------------------------------------------
                                   $    527.5  $    527.5  $     ----
Noninterest expense                $   (366.8) $   (294.5) $    (72.3)
                                   -----------------------------------
Efficiency ratio                        69.54%      55.83%      13.71%
*T

-0-
*T
            WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        As of and for the nine months ended September 30, 2006

                        STATEMENT OF CONDITION



                     Sept. 30, June 30,  Mar. 31,  Dec. 31,  Sept. 30,
(in millions)          2006      2006      2006      2005      2005
----------------------------------------------------------------------
ASSETS
Cash and due from
 banks              $   268.4 $   258.5 $   219.2 $   264.0 $   286.8
                     -------------------------------------------------



Federal funds sold
 and securities
 purchased under
 agreements to
 resell                  38.4      66.7      44.9      14.3      64.0
                     -------------------------------------------------
Investment
 securities:
 U.S. Treasury          230.8     181.4     136.8     161.1     136.8
 Government agencies    533.0     416.5     394.5     410.8     389.4
 Obligations of
  state and
  political
  subdivisions            9.4      10.4      10.5      11.0      11.2
 Preferred stock         91.0      88.1      90.2      90.6      91.1
 Mortgage-backed
  securities            726.8     751.0     806.4     852.1     913.9
 Other securities       391.3     389.8     401.9     403.2     384.6
----------------------------------------------------------------------

  Total investment
   securities         1,982.3   1,837.2   1,840.3   1,928.8   1,927.0
                     -------------------------------------------------
Loans:
 Commercial,
  financial and
  agricultural        2,378.1   2,445.5   2,445.9   2,461.3   2,465.9
 Real estate-
  construction        1,610.9   1,574.3   1,411.9   1,233.9   1,098.9
 Mortgage-commercial  1,254.5   1,222.8   1,245.4   1,223.9   1,239.4
----------------------------------------------------------------------

  Total commercial
   loans              5,243.5   5,242.6   5,103.2   4,919.1   4,804.2
                     -------------------------------------------------
 Mortgage-
  residential           518.7     503.0     473.4     455.5     450.9
 Consumer             1,489.7   1,452.4   1,408.5   1,438.3   1,414.8

 Secured with liquid
  collateral            528.3     557.2     553.9     584.8     622.9
----------------------------------------------------------------------
  Total retail loans  2,536.7   2,512.6   2,435.8   2,478.6   2,488.6
                     -------------------------------------------------
  Total loans net of
   unearned income    7,780.2   7,755.2   7,539.0   7,397.7   7,292.8
Reserve for loan
 losses                 (93.6)    (94.3)    (93.6)    (91.4)    (93.4)
----------------------------------------------------------------------
  Net loans           7,686.6   7,660.9   7,445.4   7,306.3   7,199.4
                     -------------------------------------------------
Premises and
 equipment              151.6     151.2     148.7     147.6     147.2
Goodwill                291.1     363.0     348.5     348.3     344.3
Other intangibles        38.8      38.9      35.0      36.2      40.2
Other assets            240.0     214.3     182.6     187.3     189.5
----------------------------------------------------------------------
  Total assets      $10,697.2 $10,590.7 $10,264.6 $10,232.8 $10,198.4
                     =================================================

LIABILITIES AND
 STOCKHOLDERS'
 EQUITY
Deposits:
 Noninterest-bearing
  demand            $   861.3 $   813.8 $   830.2 $ 1,014.8 $ 1,060.8
 Interest-bearing:
  Savings               292.5     313.1     328.0     326.3     332.7
  Interest-bearing
   demand             2,417.5   2,355.9   2,352.1   2,360.0   2,317.5
  Certificates under
   $100,000             995.5     991.1     960.4     923.0     840.6

  Local certificates
   $100,000 and over    574.7     550.6     513.3     436.5     411.0
----------------------------------------------------------------------
   Total core
    deposits          5,141.5   5,024.5   4,984.0   5,060.6   4,962.6
  National
   certificates
   $100,000 and over  2,742.7   2,760.6   2,707.2   2,228.6   2,586.3
----------------------------------------------------------------------
    Total deposits    7,884.2   7,785.1   7,691.2   7,289.2   7,548.9
                     -------------------------------------------------
Short-term
 borrowings:
 Federal funds
  purchased and
  securities sold
  under agreements
  to repurchase       1,161.7   1,160.0     984.2   1,355.6   1,104.4
 U.S. Treasury
  demand                  7.0      24.5       0.6      18.1      12.9
----------------------------------------------------------------------

   Total short-term
    borrowings        1,168.7   1,184.5     984.8   1,373.7   1,117.3
                     -------------------------------------------------
Other liabilities       184.5     160.5     151.8     151.6     156.2
Long-term debt          395.2     393.4     393.2     400.4     403.1
----------------------------------------------------------------------
  Total liabilities   9,632.6   9,523.5   9,221.0   9,214.9   9,225.5
                     -------------------------------------------------
Minority interest         0.3       0.3       0.3       0.2       0.2
Stockholders' equity  1,064.3   1,066.9   1,043.3   1,017.7     972.7
----------------------------------------------------------------------


  Total liabilities
   and stockholders'
   equity           $10,697.2 $10,590.7 $10,264.6 $10,232.8 $10,198.4
                     =================================================


                       % Change From:
                    --------------------
                      Prior     Prior
(in millions)        Quarter     Year
----------------------------------------
ASSETS
Cash and due from
 banks                    3.8      (6.4)
Federal funds sold
 and securities
 purchased under
 agreements to
 resell                 (42.4)    (40.0)
Investment
 securities:
 U.S. Treasury           27.2      68.7
 Government agencies     28.0      36.9
 Obligations of
  state and
  political
  subdivisions           (9.6)    (16.1)
 Preferred stock          3.3      (0.1)
 Mortgage-backed
  securities             (3.2)    (20.5)
 Other securities         0.4       1.7
--------------------
  Total investment
   securities             7.9       2.9
Loans:
 Commercial,
  financial and
  agricultural           (2.8)     (3.6)
 Real estate-
  construction            2.3      46.6
 Mortgage-commercial      2.6       1.2
--------------------
  Total commercial
   loans                 ----       9.1
 Mortgage-
  residential             3.1      15.0
 Consumer                 2.6       5.3

 Secured with liquid
  collateral             (5.2)    (15.2)
--------------------
  Total retail loans      1.0       1.9
  Total loans net of
   unearned income        0.3       6.7
Reserve for loan
 losses                  (0.7)      0.2
--------------------
  Net loans               0.3       6.8
Premises and
 equipment                0.3       3.0
Goodwill                (19.8)    (15.5)
Other intangibles        (0.3)     (3.5)
Other assets             12.0      26.6
--------------------
  Total assets            1.0       4.9

LIABILITIES AND
 STOCKHOLDERS'
 EQUITY
Deposits:
 Noninterest-bearing
  demand                  5.8     (18.8)
 Interest-bearing:
  Savings                (6.6)    (12.1)
  Interest-bearing
   demand                 2.6       4.3
  Certificates under
   $100,000               0.4      18.4

  Local certificates
   $100,000 and over      4.4      39.8
--------------------
   Total core
    deposits              2.3       3.6
  National
   certificates
   $100,000 and over     (0.6)      6.0
--------------------
    Total deposits        1.3       4.4
Short-term
 borrowings:
 Federal funds
  purchased and
  securities sold
  under agreements
  to repurchase           0.1       5.2
 U.S. Treasury
  demand                (71.4)    (45.7)
--------------------
   Total short-term
    borrowings           (1.3)      4.6
Other liabilities        15.0      18.1
Long-term debt            0.5      (2.0)
--------------------
  Total liabilities       1.1       4.4
Minority interest        ----      50.0
Stockholders' equity     (0.2)      9.4
--------------------
  Total liabilities
   and stockholders'
   equity                 1.0       4.9
*T

-0-
*T
                WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
            As of and for the nine months ended September 30, 2006

                        AVERAGE STATEMENT OF CONDITION


                        2006      2006      2006      2005     2005
                        Third    Second     First    Fourth    Third
(in millions)          Quarter   Quarter   Quarter   Quarter  Quarter
----------------------------------------------------------------------
ASSETS
Cash and due from
 banks               $   206.9 $   209.3 $   208.0 $   237.8 $  229.6
                      ------------------------------------------------
Federal funds sold
 and securities
 purchased under
 agreements to resell     28.8      18.8      17.5      40.2     52.9
                      ------------------------------------------------
Investment
 securities:
 U.S. Treasury           157.0     146.7     144.6     133.5    134.4
 Government agencies     475.9     394.1     400.8     406.4    390.7
 Obligations of state
  and political
  subdivisions             9.6      10.5      10.5      11.1     11.3
 Preferred stock          89.4      89.2      91.4      90.0     92.5
 Mortgage-backed
  securities             735.1     780.1     828.4     878.6    931.9
 Other securities        390.0     397.3     403.2     387.4    369.2
----------------------------------------------------------------------
  Total investment
   securities          1,857.0   1,817.9   1,878.9   1,907.0  1,930.0
                      ------------------------------------------------
Loans:
 Commercial,
  financial and
  agricultural         2,407.7   2,463.5   2,448.1   2,465.9  2,449.2
 Real estate-
  construction         1,588.7   1,517.5   1,322.0   1,161.6  1,022.9
 Mortgage-commercial   1,238.5   1,212.8   1,229.8   1,239.7  1,232.8
----------------------------------------------------------------------
  Total commercial
   loans               5,234.9   5,193.8   4,999.9   4,867.2  4,704.9
                      ------------------------------------------------
 Mortgage-residential    507.8     484.2     463.3     450.8    443.8
 Consumer              1,470.5   1,441.6   1,423.9   1,412.5  1,369.7

 Secured with liquid
  collateral             546.1     556.3     558.2     614.4    610.0
----------------------------------------------------------------------
  Total retail loans   2,524.4   2,482.1   2,445.4   2,477.7  2,423.5
                      ------------------------------------------------
  Total loans net of
   unearned income     7,759.3   7,675.9   7,445.3   7,344.9  7,128.4
Reserve for loan
 losses                  (93.5)    (91.8)    (90.4)    (93.5)   (91.6)
----------------------------------------------------------------------
  Net loans            7,665.8   7,584.1   7,354.9   7,251.4  7,036.8
                      ------------------------------------------------
Premises and
 equipment               152.1     150.3     148.5     147.6    148.2
Goodwill                 362.3     357.3     348.3     344.4    344.2
Other intangibles         38.5      37.3      35.6      39.7     40.9
Other assets             210.8     190.0     180.3     172.1    181.9
----------------------------------------------------------------------
  Total assets       $10,522.2 $10,365.0 $10,172.0 $10,140.2 $9,964.5
                      ================================================

LIABILITIES AND
 STOCKHOLDERS' EQUITY
Deposits:
 Noninterest-bearing
  demand             $   737.2 $   742.0 $   763.5 $ 1,017.4 $1,016.4
 Interest-bearing:
  Savings                304.1     321.2     326.0     325.9    345.1
  Interest-bearing
   demand              2,374.1   2,364.4   2,346.8   2,321.2  2,257.2
  Certificates under
   $100,000              988.1     980.9     938.6     901.5    825.0

  Local certificates
   $100,000 and over     546.5     540.0     463.3     446.6    409.3
----------------------------------------------------------------------
   Total core
    deposits           4,950.0   4,948.5   4,838.2   5,012.6  4,853.0
  National
   certificates
   $100,000 and over   2,864.6   2,656.1   2,647.7   2,475.4  2,500.6
----------------------------------------------------------------------
  Total deposits       7,814.6   7,604.6   7,485.9   7,488.0  7,353.6
                      ------------------------------------------------

Short-term
 borrowings:
 Federal funds
  purchased and
  securities sold
  under agreements to
  repurchase           1,048.8   1,146.0   1,082.0   1,098.0  1,056.7
 U.S. Treasury demand      6.8      16.0      11.7       7.7     12.1
----------------------------------------------------------------------
  Total short-term
   borrowings          1,055.6   1,162.0   1,093.7   1,105.7  1,068.8
                      ------------------------------------------------
Other liabilities        175.7     144.8     166.7     163.3    170.9
Long-term debt           394.2     393.3     399.0     400.0    408.7
----------------------------------------------------------------------
  Total liabilities    9,440.1   9,304.7   9,145.3   9,157.0  9,002.0
                      ------------------------------------------------
Minority interest          0.4       0.3       0.3       0.2      0.3
Stockholders' equity   1,081.7   1,060.0   1,026.4     983.0    962.2
----------------------------------------------------------------------
  Total liabilities
   and stockholders'
   equity            $10,522.2 $10,365.0 $10,172.0 $10,140.2 $9,964.5
                      ================================================


                        % Change From:
                     --------------------
                        Prior     Prior
(in millions)         Quarter     Year
-----------------------------------------
ASSETS
Cash and due from
 banks                    (1.1)     (9.9)
Federal funds sold
 and securities
 purchased under
 agreements to resell     53.2     (45.6)
Investment
 securities:
 U.S. Treasury             7.0      16.8
 Government agencies      20.8      21.8
 Obligations of state
  and political
  subdivisions            (8.6)    (15.0)
 Preferred stock           0.2      (3.4)
 Mortgage-backed
  securities              (5.8)    (21.1)
 Other securities         (1.8)      5.6
---------------------
  Total investment
   securities              2.2      (3.8)
Loans:
 Commercial,
  financial and
  agricultural            (2.3)     (1.7)
 Real estate-
  construction             4.7      55.3
 Mortgage-commercial       2.1       0.5
---------------------
  Total commercial
   loans                   0.8      11.3
 Mortgage-residential      4.9      14.4
 Consumer                  2.0       7.4

 Secured with liquid
  collateral              (1.8)    (10.5)
---------------------
  Total retail loans       1.7       4.2
  Total loans net of
   unearned income         1.1       8.9
Reserve for loan
 losses                    1.9       2.1
---------------------
  Net loans                1.1       8.9
Premises and
 equipment                 1.2       2.6
Goodwill                   1.4       5.3
Other intangibles          3.2      (5.9)
Other assets              10.9      15.9
---------------------
  Total assets             1.5       5.6

LIABILITIES AND
 STOCKHOLDERS' EQUITY
Deposits:
 Noninterest-bearing
  demand                  (0.6)    (27.5)
 Interest-bearing:
  Savings                 (5.3)    (11.9)
  Interest-bearing
   demand                  0.4       5.2
  Certificates under
   $100,000                0.7      19.8

  Local certificates
   $100,000 and over       1.2      33.5
---------------------
   Total core
    deposits              ----       2.0
  National
   certificates
   $100,000 and over       7.8      14.6
---------------------
  Total deposits           2.8       6.3

Short-term
 borrowings:
 Federal funds
  purchased and
  securities sold
  under agreements to
  repurchase              (8.5)     (0.7)
 U.S. Treasury demand    (57.5)    (43.8)
---------------------
  Total short-term
   borrowings             (9.2)     (1.2)
Other liabilities         21.3       2.8
Long-term debt             0.2      (3.5)
---------------------
  Total liabilities        1.5       4.9
Minority interest         33.3      33.3
Stockholders' equity       2.0      12.4
---------------------
  Total liabilities
   and stockholders'
   equity                  1.5       5.6
*T

-0-
*T

            WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        As of and for the nine months ended September 30, 2006

                           YIELDS AND RATES


                          2006     2006     2006     2005     2005
YIELDS/RATES              Third    Second   First    Fourth   Third
(tax-equivalent basis)   Quarter  Quarter  Quarter  Quarter  Quarter
---------------------------------------------------------------------
EARNING ASSETS:
Federal funds sold and
 securities purchased
 under agreements to
 resell                     4.55 %   4.93 %   4.11 %   4.02 %   3.45 %

U.S. Treasury               4.06     3.53     3.38     3.27     3.17
Government agencies         4.23     3.93     3.95     3.95     3.87
Obligations of state and
 political subdivisions     8.75     8.79     8.77     8.78     8.76
Preferred stock             7.63     7.60     7.60     7.58     7.58
Mortgage-backed
 securities                 4.05     4.16     4.17     4.10     4.02
Other securities            6.42     6.14     5.52     5.32     4.84
Total investment
 securities                 4.78     4.67     4.53     4.44     4.27

Commercial, financial
 and agricultural           7.96     7.61     7.24     6.80     6.32
Real estate-construction    8.60     8.26     7.90     7.39     6.94
Mortgage-commercial         7.98     7.71     7.34     6.96     6.55
Total commercial loans      8.16     7.82     7.44     6.97     6.51
Mortgage-residential        5.81     5.77     5.84     5.82     5.99
Consumer                    7.31     7.09     6.85     6.60     6.43
Secured with liquid
 collateral                 6.78     6.36     5.89     5.38     4.89
Total retail loans          6.89     6.67     6.44     6.16     5.96
Total loans                 7.75     7.45     7.11     6.70     6.32
Total earning assets        7.15     6.90     6.58     6.22     5.87

FUNDS USED TO SUPPORT
 EARNING ASSETS:
Savings                     0.42     0.39     0.32     0.30     0.28
Interest-bearing demand     1.10     1.04     1.02     0.95     0.90
Certificates under
 $100,000                   3.87     3.51     3.27     2.96     2.64
Local certificates
 $100,000 and over          4.65     4.29     3.89     3.53     3.04
Core interest-bearing
 deposits                   2.16     1.98     1.81     1.64     1.45
National certificates
 $100,000 and over          5.30     4.98     4.47     4.01     3.51
Total interest-bearing
 deposits                   3.43     3.15     2.86     2.55     2.26

Federal funds purchased
 and securities sold
 under agreements to
 repurchase                 4.98     4.67     4.19     3.80     3.37
U.S. Treasury demand        5.09     4.74     4.21     4.22     3.41
Total short-term
 borrowings                 4.98     4.67     4.20     3.80     3.37
Long-term debt              6.85     6.69     6.26     6.01     5.39
Total interest-bearing
 liabilities                3.78     3.52     3.20     2.89     2.58
Total funds used to
 support earning assets     3.32     3.10     2.81     2.48     2.21
Net interest margin
 (tax-equivalent basis)     3.83     3.80     3.77     3.74     3.66

Year to date net
 interest margin            3.80     3.79     3.77     3.71     3.65

Prime rate                  8.25     7.90     7.43     6.97     6.42

Tax-equivalent net
 interest income (in
 millions)              $   94.1 $   91.5 $   88.3 $   88.5 $   84.7

Average earning assets   9,645.1  9,512.6  9,341.7  9,292.1  9,111.3

Average rates are calculated using average balances based on
 historical cost and do not reflect market valuation adjustments.
*T

-0-
*T
            WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        As of and for the nine months ended September 30, 2006

                       SUPPLEMENTAL INFORMATION

                                      Three Months Ended
                         ---------------------------------------------


                          Sept.                               Sept.
                            30,   June 30, Mar. 31, Dec. 31,    30,
                          2006     2006     2006     2005     2005
----------------------------------------------------------------------
NET INCOME
Net income per share
  Basic                 $   0.08 $   0.69 $   0.65 $   0.69 $   0.63
  Diluted                   0.07     0.67     0.64     0.67     0.62
Weighted average shares
 outstanding (in
 thousands)
  Basic                   68,647   68,475   68,070   67,861   67,788
  Diluted                 69,933   69,776   69,434   68,956   68,699
Net income as a
 percentage of:
  Average assets            0.20%    1.81%    1.76%    1.82%    1.70%
  Average stockholders'
   equity                   1.91    17.75    17.42    18.77    17.65

ASSETS UNDER MANAGEMENT
 * (in billions)
Wilmington Trust        $   27.2 $   26.4 $   27.2 $   26.0 $   26.3
Roxbury Capital
 Management                  3.1      3.3      3.5      3.3      3.2
Cramer Rosenthal McGlynn     9.8      9.4      9.7      8.9      8.5
----------------------------------------------------------------------
  Combined assets under
   management           $   40.1 $   39.1 $   40.4 $   38.2 $   38.0
                         =============================================

* Assets under management include estimates for values associated with
 certain assets that lack readily ascertainable values, such as
 limited partnership interests.

ASSETS UNDER
 ADMINISTRATION ** (in
 billions)
Wilmington Trust        $  100.5 $  100.7 $  102.1 $  100.9 $   96.9

** Includes Wilmington Trust assets under management

FULL-TIME EQUIVALENT
 HEADCOUNT
Full-time equivalent
 headcount                 2,520    2,515    2,475    2,469    2,439

CAPITAL (in millions,
 except per share
 amounts)
Average stockholders'
 equity                 $1,081.7 $1,060.0 $1,026.4 $  983.0 $  962.2
Period-end primary
 capital                 1,157.9  1,161.2  1,136.9  1,109.1  1,066.1
Per share:
  Book value               15.55    15.54    15.30    14.99    14.34
  Quarterly dividends
   declared                0.315    0.315     0.30     0.30     0.30
  Year-to-date dividends
   declared                 0.93    0.615     0.30    1.185    0.885
Average stockholders'
 equity to assets          10.28%   10.23%   10.09%    9.69%    9.66%
Total risk-based capital
 ratio                     12.28    11.80    12.21    12.02    12.14
Tier 1 risk-based
 capital ratio              8.26     7.74     7.77     7.54     7.38
Tier 1 leverage capital
 ratio                      7.34     6.98     6.94     6.74     6.34

CREDIT QUALITY (in
 millions)
Period-end reserve for
 loan losses            $   93.6 $   94.3 $   93.6 $   91.4 $   93.4
Period-end non-
 performing assets:
  Nonaccrual                32.0     29.5     35.5     39.3     49.9
  OREO                       4.8      4.8      0.2      0.2      0.2
  Renegotiated loans        ----      9.9      4.9      4.7      4.8
Period-end past due 90
 days                        7.7      4.7     10.1      4.1     14.9

Gross charge-offs            8.6      5.7      3.2      7.8      3.1
Recoveries                   1.3      2.2      1.4      3.8      1.2
Net charge-offs              7.3      3.5      1.8      4.0      1.9
Year-to-date net charge-
 offs                       12.6      5.3      1.8     10.1      6.1

Ratios:
  Period-end reserve to
   loans                    1.20%    1.22%    1.24%    1.24%    1.28%
  Period-end non-
   performing assets to
   loans                    0.47     0.57     0.54     0.60     0.75
  Period-end loans past
   due 90 days to total
   loans                    0.10     0.06     0.13     0.06     0.20
  Net charge-offs to
   average loans            0.09     0.05     0.02     0.05     0.03


INTERNAL RISK RATING
Pass                       97.41%   97.28%   97.20%   97.24%   96.96%
Watchlisted                 1.73     1.89     1.97     1.96     2.00
Substandard                 0.86     0.76     0.76     0.73     0.82
Doubtful                    ----     0.07     0.07     0.07     0.22

            WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        As of and for the nine months ended September 30, 2006

                       SUPPLEMENTAL INFORMATION

                                               Three Months Ended
                                           ---------------------------
                                                 % Change From:
                                           ---------------------------

                                               Prior         Prior
                                              Quarter        Year
------------------------                   ---------------------------
NET INCOME
Net income per share
  Basic                                            (88.4)       (87.3)
  Diluted                                          (89.6)       (88.7)
Weighted average shares
 outstanding (in
 thousands)
  Basic
  Diluted
Net income as a
 percentage of:
  Average assets
  Average stockholders'
   equity

ASSETS UNDER MANAGEMENT
 * (in billions)
Wilmington Trust                                     3.0          3.4
Roxbury Capital
 Management                                         (6.1)        (3.1)
Cramer Rosenthal McGlynn                             4.3         15.3
------------------------
  Combined assets under
   management                                        2.6          5.5

* Assets under management include estimates for values associated with
 certain assets that lack readily ascertainable values, such as
 limited partnership interests.

ASSETS UNDER
 ADMINISTRATION ** (in
 billions)
Wilmington Trust                                    (0.2)         3.7

** Includes Wilmington Trust assets under management

FULL-TIME EQUIVALENT
 HEADCOUNT
Full-time equivalent
 headcount

CAPITAL (in millions,
 except per share
 amounts)
Average stockholders'
 equity                                              2.0         12.4
Period-end primary
 capital                                            (0.3)         8.6
Per share:
  Book value                                         0.1          8.4
  Quarterly dividends
   declared                                         ----          5.0
  Year-to-date dividends
   declared
Average stockholders'
 equity to assets
Total risk-based capital
 ratio
Tier 1 risk-based
 capital ratio
Tier 1 leverage capital
 ratio

CREDIT QUALITY (in
 millions)
Period-end reserve for
 loan losses
Period-end non-
 performing assets:
  Nonaccrual
  OREO
  Renegotiated loans
Period-end past due 90
 days

Gross charge-offs
Recoveries
Net charge-offs
Year-to-date net charge-
 offs

Ratios:
  Period-end reserve to
   loans
  Period-end non-
   performing assets to
   loans
  Period-end loans past
   due 90 days to total
   loans
  Net charge-offs to
   average loans


INTERNAL RISK RATING
Pass
Watchlisted
Substandard
Doubtful
*T

-0-
*T
            WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        As of and for the nine months ended September 30, 2006

                  QUARTERLY BUSINESS SEGMENT REPORT

                                         Three Months Ended
                               ---------------------------------------

                               Sept.    June    Mar.    Dec.    Sept.
                                 30,      30,     31,     31,     30,
(in millions)                    2006    2006    2006    2005    2005
----------------------------------------------------------------------
REGIONAL BANKING
  Net interest income         $  85.7  $ 83.9  $ 80.9  $ 80.1  $ 77.4
  Provision for loan losses      (6.7)   (3.7)   (3.8)   (1.9)   (2.7)
  Noninterest income             13.1    13.1    12.1    12.5    14.1
  Noninterest expense            39.9    38.4    39.1    39.5    39.6
----------------------------------------------------------------------
   Income before taxes &
    minority interest            52.2    54.9    50.1    51.2    49.2

  Regional Banking efficiency
   ratio                        40.02%  39.22%  41.64%  42.29%  42.86%

WEALTH ADVISORY SERVICES
  Net interest income         $   6.4  $  6.3  $  6.5  $  6.6  $  6.2
  Provision for loan losses       0.1    (0.5)   (0.2)   (0.1)   (0.2)
  Noninterest income             43.6    44.5    43.4    39.7    40.7
  Noninterest expense            38.9    40.6    38.5    36.7    35.5
----------------------------------------------------------------------
   Income before taxes &
    minority interest            11.2     9.7    11.2     9.5    11.2

  Wealth Advisory Services
   efficiency ratio             77.64%  79.76%  77.00%  79.09%  75.53%

CORPORATE CLIENT SERVICES
  Net interest income         $   4.4  $  3.4  $  2.9  $  3.6  $  2.6
  Provision for loan losses      ----    ----    ----    ----    ----
  Noninterest income             23.5    23.1    22.5    22.9    21.4
  Noninterest expense            19.8    19.3    19.9    18.3    18.4
----------------------------------------------------------------------
   Income before taxes &
    minority interest             8.1     7.2     5.5     8.2     5.6

  Corporate Client Services
   efficiency ratio             70.71%  72.56%  78.35%  68.80%  76.67%

AFFILIATE MANAGERS *
  Net interest income         $  (3.5) $ (3.2) $ (3.0) $ (2.8) $ (2.5)
  Provision for loan losses      ----    ----    ----    ----    ----
  Noninterest income              4.4     5.6     4.7     4.7     3.5
  Noninterest expense            72.3    ----    ----    ----    ----
----------------------------------------------------------------------
   Income before taxes &
    minority interest           (71.4)    2.4     1.7     1.9     1.0

TOTAL WILMINGTON TRUST
 CORPORATION
  Net interest income         $  93.0  $ 90.4  $ 87.3  $ 87.5  $ 83.7
  Provision for loan losses      (6.6)   (4.2)   (4.0)   (2.0)   (2.9)
  Noninterest income             84.6    86.3    82.7    79.8    79.7
  Noninterest expense           170.9    98.3    97.5    94.5    93.5
----------------------------------------------------------------------
   Income before taxes &
    minority interest         $   0.1  $ 74.2  $ 68.5  $ 70.8  $ 67.0
                               =======================================

Corporation efficiency ratio    95.64%  55.29%  57.02%  56.15%  56.87%

* Affiliate managers comprise Cramer Rosenthal McGlynn and Roxbury
 Capital Management.

Segment data for prior periods may differ from previously published
 figures due to changes in reporting methodology and/or organizational
 structure as well as the adjustment for the adoption of stock-based
 compensation.
*T

-0-
*T
            WILMINGTON TRUST CORPORATION QUARTERLY SUMMARY
        As of and for the nine months ended September 30, 2006

                 YEAR-TO-DATE BUSINESS SEGMENT REPORT

                                           Nine Months Ended
                                 -------------------------------------

                                  Sept. 30,  Sept. 30,     $      %
(in millions)                       2006       2005     Change Change
----------------------------------------------------------------------
REGIONAL BANKING
  Net interest income            $   250.5  $   223.3  $  27.2   12.2%
  Provision for loan losses          (14.1)      (9.3)     4.8   51.6
  Noninterest income                  38.3       38.6     (0.3)  (0.8)
  Noninterest expense                117.4      112.7      4.7    4.2
----------------------------------------------------------------------
   Income before taxes & minority
    interest                         157.3      139.9     17.4   12.4

  Regional Banking efficiency
   ratio                             40.25%     42.61%

WEALTH ADVISORY SERVICES
  Net interest income            $    19.1  $    17.3  $   1.8   10.4%
  Provision for loan losses           (0.7)      (0.5)     0.2   40.0
  Noninterest income                 131.6      121.1     10.5    8.7
  Noninterest expense                117.9      107.9     10.0    9.3
----------------------------------------------------------------------
   Income before taxes & minority
    interest                          32.1       30.0      2.1    7.0

  Wealth Advisory Services
   efficiency ratio                  78.13%     77.85%

CORPORATE CLIENT SERVICES
  Net interest income            $    10.7  $     7.8  $   2.9   37.2%
  Provision for loan losses           ----       ----     ----   ----
  Noninterest income                  69.2       61.7      7.5   12.2
  Noninterest expense                 59.0       55.0      4.0    7.3
----------------------------------------------------------------------
   Income before taxes & minority
    interest                          20.9       14.5      6.4   44.1

  Corporate Client Services
   efficiency ratio                  73.75%     79.02%

AFFILIATE MANAGERS *
  Net interest income            $    (9.6) $    (7.0) $  (2.6)(37.1)%
  Provision for loan losses           ----       ----     ----   ----
  Noninterest income                  14.5       12.1      2.4   19.8
  Noninterest expense                 72.5       ----     72.5   ----
----------------------------------------------------------------------
   Income before taxes & minority
    interest                         (67.6)       5.1    (72.7)  ----

TOTAL WILMINGTON TRUST
 CORPORATION
  Net interest income            $   270.7  $   241.4  $  29.3   12.1%
  Provision for loan losses          (14.8)      (9.8)     5.0   51.0
  Noninterest income                 253.6      233.5     20.1    8.6
  Noninterest expense                366.8      275.6     91.2   33.1
----------------------------------------------------------------------
   Income before taxes & minority
    interest                     $   142.7  $   189.5  $ (46.8)(24.7)%
                                  ====================================

Corporation efficiency ratio         69.54%     57.68%

* Affiliate managers comprise Cramer Rosenthal McGlynn and Roxbury
 Capital Management.

Segment data for prior periods may differ from previously published
 figures due to changes in reporting methodology and/or organizational
 structure as well as the adjustment for the adoption of stock-based
 compensation.
*T