Capital One 1999 Annual Report Download - page 68

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49
Year Ended December 31 (In Thousands, Except Per Share Data) 1999 1998 1997
Interest Income:
Consumer loans, including fees $ 1,482,371 $ 1,003,122 $ 619,785
Securities available for sale 105,438 94,436 78,542
Other 5,675 13,978 19,658
Total interest income 1,593,484 1,111,536 717,985
Interest Expense:
Deposits 137,792 67,479 41,932
Other borrowings 100,392 96,130 46,068
Senior and deposit notes 302,698 260,675 253,849
Total interest expense 540,882 424,284 341,849
Net interest income 1,052,602 687,252 376,136
Provision for loan losses 382,948 267,028 262,837
Net interest income after provision for loan losses 669,654 420,224 113,299
Non-Interest Income:
Servicing and securitizations 1,187,098 789,844 682,345
Service charges and other fees 1,040,944 611,958 337,755
Interchange 144,317 86,481 49,030
Total non-interest income 2,372,359 1,488,283 1,069,130
Non-Interest Expense:
Salaries and associate beneļ¬ts 780,160 476,389 289,322
Marketing 731,898 446,264 224,819
Communications and data processing 264,897 150,220 98,135
Supplies and equipment 181,663 112,101 82,874
Occupancy 72,275 45,337 37,548
Other 434,103 234,275 144,278
Total non-interest expense 2,464,996 1,464,586 876,976
Income before income taxes 577,017 443,921 305,453
Income taxes 213,926 168,690 116,072
Net income $ 363,091 $ 275,231 $ 189,381
Basic earnings per share $ 1.84 $ 1.40 $ 0.96
Diluted earnings per share $ 1.72 $ 1.32 $ 0.93
Dividends paid per share $ 0.11 $ 0.11 $ 0.11
See Notes to Consolidated Financial Statements.
consolidated statements of income