Capital One 2007 Annual Report Download - page 42

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20
Item 6. Selected Financial Data
(Dollars in millions, Except Per Share
Data) 2007 2006(5) 2005(4) 2004 2003
Five Year
Compound
Growth Rate
Income Statement Data:
Interest income $ 11,078.1 $ 8,164.7 $ 5,726.9 $ 4,794.4 $ 4,367.7 20.46%
Interest expense 4,548.3 3,073.3 2,046.6 1,791.4 1,582.6 23.51%
Net interest income 6,529.8 5,091.4 3,680.3 3,003.0 2,785.1 18.58%
Provision for loan losses 2,636.5 1,476.4 1,491.1 1,220.9 1,517.5 11.68%
N
et interest income after provision
for loan losses 3,893.3 3,615.0 2,189.2 1,782.1 1,267.6 25.16%
Non-interest income 8,054.2 7,001.0 6,358.1 5,900.2 5,415.9 8.26%
Restructuring expense 138.2 N/A
Other non-interest expense 7,939.8 6,943.6 5,718.3 5,322.2 4,856.7 10.33%
Income before income taxes and
cumulative effect of accounting
change 3,869.5 3,672.4 2,829.0 2,360.1 1,826.8 16.20%
Income taxes 1,277.8 1,246.0 1,019.9 816.6 676.0 13.58%
Income before cumulative effect
of accounting change 2,591.7 2,426.4 1,809.1 1,543.5 1,150.8 17.63%
Cumulative effect of accounting
change, net of taxes of $8.8
million 15.0
Income from continuing
operations, net of tax $ 2,591.7 $ 2,426.4 $ 1,809.1 $ 1,543.5 $ 1,135.8 17.94%
Loss from discontinued
operations, net of tax(6) (1,021.4) (11.9)
Net income $ 1,570.3 $ 2,414.5 $ 1,809.1 $ 1,543.5 $ 1,135.8 6.69%
Dividend payout ratio 2.68% 1.34% 1.52% 1.66% 2.14%
Per Common Share:
Basic earnings per share:
Income from continuing
operations, net of tax $ 6.64 $ 7.84 $ 6.98 $ 6.55 $ 5.05 5.63%
Loss from discontinued
operations, net of tax(6) (2.62) (0.04)
Net income $ 4.02 $ 7.80 $ 6.98 $ 6.55 $ 5.05 (4.44)%
Diluted earnings per share:
Income from continuing
operations, net of tax $ 6.55 $ 7.65 $ 6.73 $ 6.21 $ 4.85 6.20%
Loss from discontinued
operations, net of tax(6) (2.58) (0.03)
Net income $ 3.97 $ 7.62 $ 6.73 $ 6.21 $ 4.85 (3.92)%
Dividends 0.11 0.11 0.11 0.11 0.11
Book value as of year-end 65.18 61.56 46.97 33.99 25.75 20.41%
Selected Year-End Reported
Balances(3):
Loans held for investment $ 101,805.0 $ 96,512.1 $ 59,847.7 $ 38,215.6 $ 32,850.3 25.39%
Allowance for loan and lease
losses 2,963.0 2,180.0 1,790.0 1,505.0 1,595.0 13.19%
Total assets 150,499.1 144,360.8 88,701.4 53,747.3 46,283.7 26.60%
Interest-bearing deposits 71,943.9 74,122.8 43,092.1 25,636.8 22,416.3 26.27%
Total deposits 82,990.5 85,770.9 47,933.3 25,636.8(2) 22,416.3(2) 29.93%
Borrowings 37,261.9 29,667.9 22,278.1 16,511.8 14,812.6 20.26%
Stockholders equity 24,294.1 25,235.2 14,128.9 8,388.2 6,051.8 32.05%