Capital One 2011 Annual Report Download - page 14

12
(Dollars in millions, except per share data) 2011 2010
Income Statement:
Net interest income $ 12,741 $ 12,457
Non-interest income 3,538 3,714
Total revenue 16,279 16,171
Provision for loan and lease losses 2,360 3,907
Marketing expenses 1,337 958
Operating expenses 7,995 6,976
Income from continuing operations before income taxes 4,587 4,330
Income tax provision 1,334 1,280
Income from continuing operations, net of tax 3,253 3,050
Loss from discontinued operations, net of tax (106) (307)
Net income $ 3,147 $ 2,743
Preferred stock dividends, accretion of discount and other (26) –
Net income available to common shareholders $ 3,121 $ 2,743
Common Share Statistics:
Basic earnings per share:
Income from continuing operations, net of tax $ 7.08 $ 6.74
Loss from discontinued operations, net of tax (0.23) (0.67)
Net income per common share $ 6.85 $ 6.07
Diluted earnings per common share:
Income from continuing operations, net of tax $ 7.03 $ 6.68
Loss from discontinued operations, net of tax (0.23) (0.67)
Net income per common share $ 6.80 6.01
Dividends per common share $ 0.20 $ 0.20
Balance Sheet:
Loans held for investment $ 135,892 $ 125,947
Interest-earning assets 179,817 172,024
Total assets 206,019 197,503
Interest-bearing deposits 109,945 107,162
Total deposits 128,226 122,210
Borrowings 39,561 41,796
Stockholders’ equity 29,666 26,541
Average Balances:
Loans held for investment $ 128,424 $ 128,526
Interest-earning assets 175,341 175,741
Total assets 199,718 200,114
Interest-bearing deposits 109,644 104,743
Total deposits 126,694 119,010
Borrowings 38,022 49,620
Stockholders’ equity 28,579 24,941
Credit Quality Metrics:
Allowance for loan and lease losses $ 4,250 $ 5,628
Allowance as a % of loans held for investment 3.13 % 4.47 %
Net charge-offs $ 3,771 $ 6,651
Net charge-off rate 2.94 % 5.18 %
30+ day performing delinquency rate 3.35 3.52
30+ day total delinquency rate 3.95 4.23
Performance Metrics:
Revenue margin 9.28 % 9.20 %
Net interest margin 7.27 7.09
Return on average assets 1.63 1.52
Return on average total stockholders’ equity 11.38 12.23
Efficiency ratio 57.33 49.06
Effective income tax rate 29.1 29.6
Full-time equivalent employees (in thousands), period end 30.5 25.7
Capital Ratios:
Tier 1 common equity ratio 9.7 % 8.8 %
Tier 1 risk-based capital ratio 12.0 11.6
Total risk-based capital ratio 14.9 16.8
Tangible common equity ratio 8.2 6.9