Capital One 2012 Annual Report Download - page 57

Five-Year Summary of Selected Financial Data
Change
Year Ended December 31, 2012 vs.
2011
2011 vs.
2010(Dollars in millions, except per share data) 2012 2011 2010(1) 2009(2) 2008
Income statement
Interest income ............................... $ 18,964 $ 14,987 $ 15,353 $ 10,664 $ 11,112 27% (2)%
Interest expense ............................... 2,375 2,246 2,896 2,967 3,963 6(22)
Net interest income(3) .......................... 16,589 12,741 12,457 7,697 7,149 30 2
Non-interest income(4) .......................... 4,807 3,538 3,714 5,286 6,744 36 (5)
Total net revenue(5) ............................ 21,396 16,279 16,171 12,983 13,893 31 1
Provision for credit losses(6) ..................... 4,415 2,360 3,907 4,230 5,101 87 (40)
Non-interest expense(7)(8) ........................ 11,946 9,332 7,934 7,417 8,210 28 18
Income from continuing operations before income
taxes ..................................... 5,035 4,587 4,330 1,336 582 10 6
Income tax provision ........................... 1,301 1,334 1,280 349 497 (2) 4
Income from continuing operations, net of tax ....... 3,734 3,253 3,050 987 85 15 7
Loss from discontinued operations, net of tax(9) ...... (217) (106) (307) (103) (131) 105 (65)
Net income (loss) ............................. 3,517 3,147 2,743 884 (46) 12 15
Dividends and undistributed earnings allocated to
participating securities ....................... (15) (26) — — — 11 **
Preferred stock dividends(10) ..................... (15) — — (564) (33) ** —
Net income (loss) available to common
stockholders ............................... $ 3,487 $ 3,121 $ 2,743 $ 320 $ (79) 12% 14%
Common share statistics
Basic earnings per common share:
Income from continuing operations, net of tax ....... $ 6.60 $ 7.08 $ 6.74 $ 0.99 $ 0.14 (7)% 5%
Loss from discontinued operations, net of tax(9) ...... (0.39) (0.23) (0.67) (0.24) (0.35) 70 (66)
Net income (loss) per common share .............. $ 6.21 $ 6.85 $ 6.07 $ (0.75) $ (0.21) (9)% 13%
Diluted earnings per common share:
Income from continuing operations, net of tax ....... $ 6.54 $ 7.03 $ 6.68 $ 0.98 $ 0.14 (7)% 5%
Loss from discontinued operations, net of tax(9) ...... (0.38) (0.23) (0.67) (0.24) (0.35) 65 (66)
Net income (loss) per common share .............. $ 6.16 $ 6.80 $ 6.01 $ 0.74 $ (0.21) (9)% 13%
Dividends per common share .................... $ 0.20 $ 0.20 $ 0.20 $ 0.53 $ 1.50 —% —%
Common dividend payout ratio .................. 3.22% 2.92% 3.32% 66.80% 722.06% 30bps (40)bps
Stock price per common share at period end ........ $ 57.93 $ 42.29 $ 42.56 $ 38.34 $ 31.89 37% (1)%
Book value per common share at period end ........ 69.56 64.51 58.62 59.04 68.38 810
Total market capitalization at period end ........... 33,727 19,301 19,271 17,268 12,412 75 **
Average balances
Loans held for investment(11) .................... $187,915 $128,424 $128,526 $ 99,787 $ 98,971 46% **%
Interest-earning assets .......................... 255,079 175,265 175,683 145,552 133,282 46 **
Total assets .................................. 286,602 199,718 200,114 171,598 156,292 44 **
Interest-bearing deposits ........................ 183,314 109,644 104,743 103,078 82,736 67 5
Total deposits ................................ 203,055 126,694 119,010 115,601 93,508 60 6
Borrowings .................................. 38,025 38,022 49,620 23,522 31,096 ** (23)
Stockholders’ equity ........................... 37,327 28,579 24,941 26,606 25,278 31 15
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