Capital One 2011 Annual Report Download - page 292

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CAPITAL ONE FINANCIAL CORPORATION (COF)
Table 1: Financial & Statistical Summary—Reported GAAP Measures
1
2010 2009
(Dollars in millions) (Unaudited)
Full Year
(Reported)
Securitization
Adjustments
Full Year
(Managed)
Full Year
(Reported)
Securitization
Adjustments
Full Year
(Managed)
Earnings:
Net interest income
$ 12,457
$ 4 $ 12,461 $ 7,697
$ 4,392
$ 12,089
Non-interest income
3,714
2 3,716 5,286
(539)
4,747
Total revenue
$ 16,171
$ 6
$ 16,177
$ 12,983
$ 3,853
$ 16,836
Provision for loan and lease losses
3,907
6 3,913 4,230
3,853
8,083
Balance sheet statistics (period average)
Average loans held for investment
$128,526
$ 96
$128,622
$ 99,787
$43,727
$143,514
Avera
g
e earnin
g
assets
175,741
74
175,815
145,31
0
40,683
185,976
Average assets
200,114
71
200,185
171,598
41,060
212,658
Average liabilities
175,173
71
175,244
144,992
41,060
186,052
Return on average assets (“ROA”)
1.52%
0.21%
1.73%
0.58%
(0.12)%
0.46%
Balance sheet statistics (period end)
Loans held for investment
$125,947
$ 0 $125,947 $ 90,619
$46,184
$136,803
Total assets
197,503
0 197,503 169,646
42,743
212,389
Total liabilities
170,962
0
170,962
143,057
42,767
185,824
Tangible assets
183,158
0
183,158
155,516
42,767
198,283
Tangible common equity (“TCE”) ratio
6.9%
0%
6.9%
8.0%
(1.7)%
6.3%
Performance statistics
Net interest income growth (year over year)
62%
(59)%
3%
8%
2%
6%
Non-interest income growth (year over year)
(30)
8
(22)
(22)%
10%
(12)%
Revenue growth (year over year)
25
(29)
(4)
(7)%
(7)%
—
%
Net interest mar
g
in
7.09
0
7.09 5.3
0
%
1.20%
6.5
0
%
Revenue margin
9.20
0
9.20
8.94%
0.11%
9.05%
Non-interest expense as a% of average loans
held for investment (annualized)
6.17
0
6.17
7.43%
(2.26)%
5.17%
Efficiency ratio
49.06
0
49.06
56.21%
(12.86)%
43.35%
Credit quality statistics
Net charge-offs
$ 6,651
$ 6
$ 6,657
$ 4,568
$ 3,853
$ 8,421
Net charge-off rate
5.18%
0%
5.18%
4.58%
1.29%
5.87%
30+ day performing delinquencies
$ 4,430
$ 0 $ 4,430 $ 3,746
$ 2,719
$ 6,465
30+ day performing delinquency rate
3.52%
0%
3.52%
4.13%
0.60%
4.73%
(8)
(1)
(2) (3)
(4)
(A)
(B) (5)
(6)
(6)
(C)
(7)
(7)