Capital One 1996 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 of the 1996 Capital One annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 59

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59

Capital One
42
Common Stock Retained Total
Paid-in Earnings/ Stockholders’/
(dollars in thousands, except per share data) Shares Amount Capital, Net Division Equity Division Equity
Balance, December 31, 1993 $ 168,879 $168,879
Net income 95,263 95,263
Recapitalization and capital
contribution from Signet $357,875 (253,069) 104,806
Issuance of common stock
Initial public offering 65,602,850 $656 101,259 101,915
Restricted stock grants 464,400 5 (5)
Amortization of deferred compensation 3,715 3,715
Change in unrealized losses on
securities available for sale,
net of income taxes of $12 (21) (21)
Balance, December 31, 1994 66,067,250 661 462,844 11,052 474,557
Net income 126,511 126,511
Cash dividends - $.24 per share (15,883) (15,883)
Issuance of common stock 65,645 1 1,256 1,257
Exercise of stock options 6,582 132 132
Tax benefit from stock awards 1,578 1,578
Restricted stock, net 35,090
Amortization of deferred compensation 4,020 4,020
Change in unrealized gains on
securities available for sale,
net of income taxes of $3,780 7,019 7,019
Balance, December 31, 1995 66,174,567 662 469,830 128,699 599,191
Net income 155,267 155,267
Cash dividends - $.32 per share (20,573) (20,573)
Issuance of common stock 139,858 1 3,108 3,109
Exercise of stock options 11,500 186 186
Tax benefit from stock awards 338 338
Restricted stock, net (664)
Amortization of deferred compensation 193 193
Common stock issuable under
incentive plan 7,728 7,728
Foreign currency translation (132) (132)
Change in unrealized gains on
securities available for sale,
net of income taxes of $2,647 (4,916) (4,916)
Balance, December 31, 1996 66,325,261 $663 $481,383 $ 258,345 $740,391
See notes to consolidated financial statements.
Consolidated Statements of Changes in
Stockholders’ Equity