Capital One 2010 Annual Report Download - page 14

12
(Dollars in millions, except per share data) 2010 2009
Income Statement(1):
Net interest income $ 12,457 $ 12,089
Non-interest income 3,714 4,747
Total revenue 16,171 16,836
Provision for loan losses 3,907 8,083
Marketing expenses 958 588
Restructuring expenses — 119
Operating expenses 6,975 6,710
Income from continuing operations before taxes 4,330 1,336
Effective income tax rate 29.6 % 26.2 %
Income from continuing operations, net of tax 3,050 987
Loss from discontinued operations, net of tax (307) (103)
Net income $ 2,743 $ 884
Preferred stock dividends — (564)
Net income available to common shareholders $ 2,743 $ 320
Common Share Statistics:
Basic EPS:
Net income from continuing operations $ 6.74 $ 0.99
Net loss from discontinued operations (0.67) (0.24)
Net income $ 6.07 $ 0.75
Diluted EPS:
Net income from continuing operations $ 6.68 $ 0.98
Net loss from discontinued operations (0.67) (0.24)
Net income $ 6.01 0.74
Dividends $ 0.20 $ 0.53
Reported Balance Sheet Statistics:
Loans held for investment $ 125,947 $ 90,619
Total assets 197,503 169,646
Interest-bearing deposits 107,162 102,370
Total deposits 122,210 115,809
Reported Average Balances:
Average loans held for investment $ 128,526 $ 99,787
Average earning assets 175,730 145,293
Average total assets 200,114 171,598
Average stockholders’ equity 24,941 26,606
Reported Credit Quality Metrics:
Allowance for loan losses $ 5,628 $ 4,127
Allowance as a % of reported loans held for investment 4.47 % 4.55 %
Net charge-offs $ 6,651 $ 4,568
Net charge-off rate 5.18 % 4.58 %
30+ day performing delinquency rate 3.52 3.98
Reported Performance Metrics:
Revenue growth (3.95) % (6.55) %
Net interest margin 7.09 5.30
Revenue margin 9.20 8.94
Risk-adjusted margin 5.42 5.79
Return on average assets 1.52 0.58
Return on average equity 12.23 3.71
Full-time equivalent employees (in thousands) 25.7 25.9
Managed Balance Sheet Metrics:
Loans held for investment $ 125,947 $ 136,803
Total assets 197,142 212,390
Average loans held for investment 128,622 143,514
Average total assets 200,142 212,633
Tangible common equity (TCE) ratio 6.86 % 6.30 %
Managed Performance Metrics:
Net interest margin 7.09 % 6.50 %
Revenue margin 9.20 9.05
Risk-adjusted margin 5.42 4.53
Net charge-off rate 5.18 5.87
30+ day performing delinquency rate 3.52 4.62
Efficiency ratio(2) 49.06 43.35
Period-end total loan accounts (in millions) 37.4 37.8
Full-time equivalent employees (in thousands) 25.7 25.9
(1) 2009 amounts represent our managed results.
(2) Excludes restructuring expenses.