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69
Table 21: Credit Card
As of December 31
(Dollars in thousands)
2009 2008
2007
Earnings (Managed Basis) (1)
N
et interest income .................................................................
.
$ 7,542,462 $ 7,463,480 $ 7,330,367
N
on-interest income ...............................................................
.
3,746,789 4,678,377 4,758,466
Total revenue ..........................................................................
.
$ 11,289,251 $ 12,141,857 $ 12,088,833
Provision for loan and lease losses .........................................
.
6,051,492 6,107,961 3,635,567
N
on-interest expense ..............................................................
.
3,738,230 4,392,968 4,801,636
Income before taxes................................................................
.
1,499,529 1,640,928 3,651,630
Income taxes ...........................................................................
.
521,909 573,908 1,254,899
N
et income .............................................................................
.
$ 977,620 $ 1,067,020 $ 2,396,731
Selected Metrics (Managed Basis) (1)
Period end loans held for investment .....................................
.
$ 68,523,662 $ 79,665,223 $ 81,380,091
Average loans held for investment .........................................
.
$ 73,075,519 $ 79,208,971 $ 78,085,153
Loans held for investment yield .............................................
.
12.90% 13.20% 14.14%
Revenue margin ......................................................................
.
15.45% 15.33% 15.51%
N
et charge-off rate .................................................................
.
9.15% 6.26% 4.23%
30+day performing delinquency rate ......................................
.
5.88% 4.86% 4.35%
Purchase Volume ....................................................................
.
$ 102,068,116 $ 113,835,373 $ 115,180,779
Domestic Card sub-segment
As of December 31,
(Dollars in thousands)
2009 2008
2007
Earnings (Managed Basis) (1)
N
et interest income .................................................................
.
$ 6,670,127 $ 6,492,086 $ 6,271,919
N
on-interest income ...............................................................
.
3,327,836 4,127,615 4,136,158
Total revenue ..........................................................................
.
$ 9,997,963 $ 10,619,701 $ 10,408,077
Provision for loan and lease losses .........................................
.
5,329,033 5,460,986 3,033,217
N
on-interest expense ..............................................................
.
3,255,957 3,622,838 3,934,574
Income before taxes ...............................................................
.
1,412,973 1,535,877 3,440,286
Income taxes ...........................................................................
.
494,542 537,557 1,183,458
N
et income (loss) ...................................................................
.
$ 918,431 $ 998,320 $ 2,256,828
Selected Metrics (Managed Basis)
Period end loans held for investment .....................................
.
$ 60,299,827 $ 70,944,581 $ 69,723,169
Average loans held for investment .........................................
.
$ 64,670,269 $ 68,638,180 $ 66,774,914
Loans held for investment yield .............................................
.
12.80% 13.09% 14.09%
Revenue margin ......................................................................
.
15.46% 15.47% 15.59%
N
et charge-off rate .................................................................
.
9.19% 6.33% 4.00%
30+day performing delinquency rate ......................................
.
5.78% 4.78% 4.28%
Purchase Volume ....................................................................
.
$ 93,566,239 $ 103,035,146 $ 105,875,472