Capital One 2002 Annual Report Download - page 5

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DILUTED EARNINGS PER SHARE
$3.93
20022001
$2.91
2000
$2.24
TOTAL ACCOUNTS (in millions)
33.8
2000
43.8
2001
47.4
2002
MANAGED LOANS
REPORTED LOANS
CONSUMER LOANS ($ in billions)
59.7
27.9
2002
45.3
20.9
2001
29.5
15.1
2000
Financial Summary
Percent
Year Ended December 31 (In Thousands) 2002 2001 Change
Earnings:
Net interest income $ 2,719,112 $ 1,750,142 55.37 %
Non-interest income 5,466,836 4,463,762 22.47
Marketing 1,070,624 1,082,979 -1.14
Other non-interest expense 3,514,957 2,975,048 18.15
Net income 899,644 641,965 40.14
Tax rate 38.0% 38.0% 0.00
Per Common Share:
Basic earnings $ 4.09 $ 3.06 33.66
Diluted earnings 3.93 2.91 35.05
Dividends 0.11 0.11 0.00
Book value as of year-end 20.44 15.33 33.33
Market prices
Year-end $ 29.72 $ 53.95 -44.91
High 66.50 72.58 -8.38
Low 24.05 36.41 -33.95
Price/Earnings ratio 7.56 18.54 -59.21
Ratios:
Return on average assets 2.63% 2.75% -4.34
Return on average equity 21.69 23.08 -6.04
Capital to assets 14.55 12.14 19.88
Allowance for loan losses to
loans as of year-end 6.18 4.02 53.80
Consumer Loan Data:
Average reported loans $ 25,539,996 $ 17,284,306 47.76
Average off-balance sheet loans 27,259,570 18,328,011 48.73
Average total managed loans 52,799,566 35,612,317 48.26
Year-end reported loans 27,853,652 20,921,014 33.14
Year-end off-balance sheet loans 31,892,885 24,342,949 31.01
Year-end total managed loans 59,746,537 45,263,963 32.00
Year-end total accounts (000s) 47,369 43,815 8.11
Managed yield 14.64% 15.88% -7.80
Reported yield 15.15 15.79 -4.05
Managed net interest margin 9.23 9.40 -1.85
Reported net interest margin 8.73 8.45 -3.31
Managed delinquency rate (30+ days) 5.60 4.95 13.13
Reported delinquency rate (30+ days) 6.51 4.84 34.50
Managed net charge-off rate 5.24 4.65 12.79
Reported net charge-off rate 4.93 4.76 3.57
Year-End Reported Data:
Assets $ 37,382,380 $ 28,184,047 32.64
Earning assets 32,918,598 24,388,463 34.98
Average assets 34,201,724 23,346,309 46.50
Average earning assets 31,147,599 20,706,172 50.43
Common equity 4,623,171 3,323,478 39.11
Associates (FTE's) 18,757 21,648 -13.35
Shares outstanding (000s) 226,195 216,778 4.34
Common stockholders of record 10,227 10,065 1.61
3
Managed loans are comprised of reported loans and off-balance sheet securitized loans.