Capital One 1997 Annual Report Download - page 43

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Consolidated Statements of Income
Year Ended December 31
(In Thousands, Except Per Share Data) 1997 1996 1995
Interest Income:
Consumer loans, including fees $ 619,785 $ 592,088 $ 397,654
Federal funds sold and resale agreements 16,423 21,293 26,832
Other 81,777 47,102 32,923
Total interest income 717,985 660,483 457,409
Interest Expense:
Deposits 41,932 56,272 49,547
Other borrowings 39,066 28,509 66,214
Senior and deposit notes 253,849 210,218 133,635
Total interest expense 334,847 294,999 249,396
Net interest income 383,138 365,484 208,013
Provision for loan losses 262,837 167,246 65,895
Net interest income after provision for loan losses 120,301 198,238 142,118
Non-Interest Income:
Servicing and securitizations 682,345 459,833 409,927
Service charges 284,256 218,988 86,029
Interchange 49,030 51,399 33,457
Other 53,499 33,204 23,630
Total non-interest income 1,069,130 763,424 553,043
Non-Interest Expense:
Salaries and associate benefits 289,322 215,155 135,833
Marketing 224,819 206,620 146,810
Communications and data processing 98,135 76,841 61,508
Supplies and equipment 82,874 60,053 42,081
Occupancy 37,548 22,330 13,655
Other 151,280 132,183 97,543
Total non-interest expense 883,978 713,182 497,430
Income before income taxes 305,453 248,480 197,731
Income taxes 116,072 93,213 71,220
Net income $ 189,381 $ 155,267 $ 126,511
Basic earnings per share $ 2.87 $ 2.34 $ 1.93
Diluted earnings per share $ 2.80 $ 2.32 $ 1.91
Dividends paid per share $ .32 $ .32 $ .24
See Notes to Consolidated Financial Statements.
PAGE 41