Capital One 2009 Annual Report Download - page 39

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Item 6. Selected Financial Data
(Dollars in millions, Except Per Share Data)
2009(7) 2008 2007 2006(3)
2005(2)
Five Year
Compound
Growth Rate
Income Statement Data:
Interest income ................................................................ $ 10,664.6 $ 11,112.0 $ 11,078.1 $ 8,164.7 $ 5,726.9 13.24%
Interest expense ............................................................... 2,967.5 3,963.3 4,548.3 3,073.3 2,046.6 7.71%
N
et interest income ......................................................... 7,697.1 7,148.7 6,529.8 5,091.4 3,680.3 15.90%
Provision for loan and lease losses .................................. 4,230.1 5,101.0 2,636.5 1,476.4 1,491.1 23.19%
N
et interest income after provision for loan and lease
losses ......................................................................... 3,467.0 2,047.7 3,893.3 3,615.0 2,189.2 9.63%
N
on-interest income ........................................................ 5,286.2 6,744.0 8,054.2 7,001.0 6,358.1 (3.63)%
Restructuring expense ..................................................... 119.4 134.5 138.2 — — N/A
Goodwill impairment charge
(
6
)
...................................... — 810.9 — — — N/A
Other non-interest expense .............................................. 7,297.7 7,264.7 7,939.8 6,943.6 5,718.3 5.00%
Income before income taxes ............................................ 1,336.1 581.6 3,869.5 3,672.4 2,829.0 (13.93)%
Income taxes ................................................................... 349.5 497.1 1,277.8 1,246.0 1,019.9 (19.28)%
Income from continuing operations, net of tax ............... $ 986.6 $ 84.5 $ 2,591.7 $ 2,426.4 $ 1,809.1 (11.42)%
Loss from discontinued operations, net of tax
(
4
)
............ (102.8) (130.5) (1,021.4) (11.9) — N/A
N
et income (loss) ............................................................ $ 883.8 $ (46.0) $ 1,570.3 $ 2,414.5 $ 1,809.1 (13.35)%
N
et income (loss) available to common
shareholders(9) ........................................................... 319.9 (78.7) 1,570.3 2,414.5 1,809.1 (29.29)%
Dividend payout ratio...................................................... 66.80% 722.06% 2.68% 1.34% 1.52% 113.09%
Per Common Share:
Basic earnings per common share:
Income from continuing operations, net of tax ............... $ 0.99 $ 0.14 $ 6.64 $ 7.84 $ 6.98 (32.34)%
Loss from discontinued operations, net of tax
(
4
)
............ (0.24) (0.35) (2.62) (0.04) — N/A
N
et income (loss) per common share .............................. $ 0.75 $ (0.21) $ 4.02 $ 7.80 $ 6.98 (35.99)%
Diluted earnings per common share:
Income from continuing operations, net of tax ............... $ 0.98 $ 0.14 $ 6.55 $ 7.65 $ 6.73 (31.98)%
Loss from discontinued operations, net of tax
(
4
)
............ (0.24) (0.35) (2.58) (0.03) — N/A
N
et income (loss) per common share .............................. $ 0.74 $ (0.21) $ 3.97 $ 7.62 $ 6.73 (35.70)%
Dividends paid per common share .................................. 0.53 1.50 0.11 0.11 0.11 36.70%
Book value as of year-end ............................................... 59.04 68.38 65.18 61.56 46.97 4.68%
Selected Year-End Reported Balances(1) :
Loans held for investment ............................................... $ 90,619.0 $101,017.8 $101,805.0 $ 96,512.1 $ 59,847.7 8.65%
Allowance for loan and lease losses ................................ 4,127.4 4,524.0 2,963.0 2,180.0 1,790.0 18.19%
Total assets ...................................................................... 169,622.5 165,878.4 150,499.1 144,360.8 88,701.4 13.84%
Interest-bearing deposits ................................................. 102,370.4 97,326.9 71,714.6 73,913.9 43,092.1 18.89%
Total deposits .................................................................. 115,809.1 108,620.8 82,761.2 85,562.0 47,933.3 19.29%
Borrowings...................................................................... 20,994.7 23,159.9 37,491.2 29,876.8 22,278.1 (1.18)%
Stockholders’ equity ....................................................... 26,589.4 26,612.4 24,294.1 25,235.2 14,128.9 13.48%
Selected Average Reported Balances(1) :
Loans held for investment ............................................... $ 99,787.3 $ 98,970.9 $ 93,541.8 $ 63,577.3 $ 40,734.2 19.63%
Allowance for loan and lease losses ................................ 4,470.2 3,266.8 2,182.7 1,791.2 1,482.9 24.69%
Average earning assets .................................................... 145,293.0 133,083.6 121,420.4 84,086.7 55,537.0 21.21%
Total assets ...................................................................... 171,573.6 156,226.4 144,999.1 95,254.7 61,360.5 22.83%
Interest-bearing deposits ................................................. 103,078.2 82,735.6 73,764.9 45,592.4 28,370.7 29.44%
Total deposits .................................................................. 115,600.7 93,507.6 85,211.6 50,526.8 29,019.7 31.84%
Borrowings...................................................................... 23,504.9 31,096.5 30,101.5 24,451.7 18,031.9 5.44%
Stockholders’ equity ....................................................... 26,605.7 25,277.8 25,203.1 16,203.4 10,594.3 20.22%
Reported Metrics(1) :
Revenue margin .............................................................. 8.94% 10.44% 12.01% 14.38% 18.08% (13.14)%
N
et interest margin .......................................................... 5.30% 5.37% 5.38% 6.05% 6.63% (4.38)%
Risk adjusted margin ....................................................... 5.79% 7.83% 10.40% 12.71% 15.47% (17.84)%
Delinquency rate ............................................................. 4.13% 4.37% 3.66% 2.74% 3.14% 5.63%
N
et charge-off rate .......................................................... 4.58% 3.51% 2.10% 2.21% 3.55% 5.23%
Return on average assets ................................................. 0.58% 0.05% 1.79% 2.55% 2.95% (27.77)%
Return on average equity ................................................ 3.71% 0.33% 10.28% 14.97% 17.08% (26.32)%