Capital One 2008 Annual Report Download - page 17

(3)
(Dollars in millions, except per share data) 2008 2007
Income Statement Data:
Net interest income $ 7,148.7 $ 6,529.8
Non-interest income 6,744.0 8,054.2
Total revenue 13,892.7 14,584.0
Provision for loan losses 5,101.0 2,636.5
Marketing expenses 1,118.2 1,347.8
Restructuring expenses 134.5 138.2
Goodwill impairment charge 810.9 –
Operating expenses 6,146.5 6,592.0
Income from continuing operations before taxes 581.6 3,869.5
Tax rate 85.5% 33.0%
Income from continuing operations, net of tax 84.6 2,591.7
Loss from discontinued operations, net of tax (130.5) (1,021.4)
Net income (loss) $ (46.0) $ 1,570.3
Net income (loss) available to common shareholders $ (78.7) $ 1,570.3
Per Common Share:
Basic EPS:
Net income from continuing operations $ 0.14 $ 6.64
Net loss from discontinued operations (0.35) (2.62)
Net income (loss) $ (0.21) $ 4.02
Diluted EPS:
Net income from continuing operations $ 0.14 $ 6.55
Net loss from discontinued operations (0.35) (2.58)
Net income (loss) $ (0.21) 3.97
Dividends $ 1.50 $ 0.11
Reported Balance Sheet Statistics(1):
Loans held for investment $ 101,017.8 $ 101,805.0
Total assets 165,878.4 150,499.1
Interest-bearing deposits 97,326.9 71,714.6
Total deposits 108,620.8 82,761.2
Average loans held for investment 98,970.9 93,541.8
Average earning assets 133,083.6 121,420.4
Average total assets 156,226.4 144,999.1
Average stockholders’ equity $ 25,277.8 $ 25,203.1
Return on average assets (ROA) 0.05% 1.79%
Return on average equity (ROE) 0.33 10.28
Reported Asset Quality Statistics(1):
Allowance for loan losses $ 4,524.0 $ 2,963.0
Allowance as a % of reported loans held for investment 4.48% 2.91%
Net charge-offs $ 3,478.2 $ 1,960.5
Net charge-off rate 3.51% 2.10%
Delinquency rate 4.37 3.66
Reported Performance Statistics(1):
Revenue growth (0.05)% 20.60%
Net interest margin 5.37 5.38
Revenue margin 10.44 12.01
Risk-adjusted margin 7.83 10.40
Managed Balance Sheet Statistics(1):
Loans held for investment $ 146,936.8 $ 151,362.4
Total assets 209,839.6 199,205.8
Average loans held for investment 147,812.3 144,727.0
Average total assets $ 203,488.8 $ 195,409.2
Tangible common equity to tangible assets ratio 5.57% 5.83%
Managed Performance Statistics(1):
Net interest margin 6.37% 6.46%
Revenue margin 9.39 9.85
Risk-adjusted margin 5.81 7.40
Net charge-off rate 4.35 2.88
Delinquency rate 4.49 3.87
Efficiency ratio(2) 43.14% 47.3%
Year-end total loan accounts 45.4 49.1
Full-time equivalent employees (in thousands) 23.7 27.0
(1) Based on continuing operations, return on equity includes equity from discontinued operations.
(2) Excludes goodwill impairment charge and restructuring expenses.
(3) Prior period amounts have been reclassified to conform with current period presentation. 15