Capital One 2005 Annual Report Download - page 8

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- 7 -
Percent
(Dollars in millions, Except Per Share Data) 2005 2004 Change
Income Statement Data:
Interest income $ 5,726.9 $ 4,794.4 19.45 %
Interest expense 2,046.6 1,791.4 14.25
Net interest income 3,680.3 3,003.0 22.56
Provision for loan losses 1,491.1 1,220.9 22.13
Net interest income after provision for loan losses 2,189.2 1,782.1 22.84
Non-interest income 6,358.1 5,900.2 7.76
Non-interest expense 5,718.3 5,322.2 7.44
Income before taxes 2,829.0 2,360.1 19.87
Income taxes 1,019.9 816.6 24.90
Net income $ 1,809.1 $ 1,543.5 17.21
Dividend payout ratio 1.52 % 1.66 %
Per Common Share:
Basic earnings per share $ 6.98 $ 6.55 6.56
Diluted earnings per share 6.73 6.21 8.37
Dividends 0.11 0.11 0.00
Book value as of year-end 46.97 33.99 38.19
Selected Year-End Reported Balances:
Liquidity portfolio $ 16,399.3 $ 10,384.1 57.93
Consumer loans 59,847.7 38,215.6 56.61
Allowance for loan losses (1,790.0) (1,505.0) 18.94
Total assets 88,701.4 53,747.3 65.03
Interest-bearing deposits 43,092.1 25,636.8 68.09
Borrowings 22,278.1 16,511.8 34.92
Stockholders’ equity 14,128.9 8,388.2 68.44
Selected Average Reported Balances:
Liquidity portfolio $12,792.7 $10,528.6 21.50
Consumer loans 40,734.2 34,265.7 18.88
Allowance for loan losses (1,482.9) (1,473.0) 0.67
Total assets 61,360.5 50,648.1 21.15
Interest-bearing deposits 28,370.7 24,313.3 16.69
Borrowings 18,031.9 15,723.6 14.68
Stockholders’ equity 10,594.3 7,295.5 45.22
Reported Metrics:
Revenue margin 18.09 %19.08 %
Net interest margin 6.63 6.44
Delinquency rate 3.14 3.85
Net charge-off rate 3.55 3.78
Return on average assets 2.95 3.05
Return on average equity 17.08 21.16
Average equity to average assets 17.27 14.40
Operating expense as a % of average loans 10.65 11.63
Allowance for loan losses to consumer loans 2.99 3.94
Managed Metrics:
Revenue margin 12.46 %12.89 %
Net interest margin 7.81 7.88
Delinquency rate 3.24 3.82
Net charge-off rate 4.25 4.41
Return on average assets 1.72 1.73
Operating expense as a % of average loans 5.09 5.41
Average consumer loans $ 85,265.0 $ 73,711.7 15.67
Year-end consumer loans 105,527.5 79,861.3 32.14
Year-end total accounts(1) 49.1 48.6 1.03
(1) Does not include the accounts of Hibernia Corporation.