Wachovia Corp New (WBPS) 8-K Results of Operations and Financial Condition

Exhibit (99)(d)

WACHOVIA CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited)

	December 31,
(In millions, except per share data)	2007			2006
ASSETS
Cash and due from banks	$	15,124		15,826
Interest-bearing bank balances		3,057		2,167
Federal funds sold and securities purchased under resale agreements		15,449		16,923
Total cash and cash equivalents		33,630		34,916
Trading account assets		55,882		44,741
Securities		115,037		108,619
Loans, net of unearned income		461,954		420,158
Allowance for loan losses		(4,507	)	(3,360	)
Loans, net		457,447		416,798
Loans held for sale		16,772		12,568
Premises and equipment		6,605		6,141
Due from customers on acceptances		1,418		855
Goodwill		43,122		38,379
Other intangible assets		2,119		1,635
Other assets		50,864		42,469
Total assets	$	782,896		707,121
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits
Noninterest-bearing deposits		60,893		66,572
Interest-bearing deposits		388,236		340,886
Total deposits		449,129		407,458
Short-term borrowings		50,393		49,157
Bank acceptances outstanding		1,424		863
Trading account liabilities		21,585		18,228
Other liabilities		19,151		20,004
Long-term debt		161,007		138,594
Total liabilities		702,689		634,304
Minority interest in net assets of consolidated subsidiaries		3,335		3,101
STOCKHOLDERS’ EQUITY
Dividend Equalization Preferred shares, no par value, 97 million shares issued and outstanding at December 31, 2007		—		—
Non-Cumulative Perpetual Class A Preferred Stock, Series J, $1,000 liquidation preference per share, 92 million shares issued and outstanding at December 31, 2007		2,300		—
Common stock, $3.33-1/3 par value; authorized 3 billion shares, outstanding 1.960 billion shares at December 31, 2007		6,534		6,300
Paid-in capital		56,149		51,793
Retained earnings		13,456		13,723
Accumulated other comprehensive income, net		(1,567	)	(2,100	)
Total stockholders’ equity		76,872		69,716
Total liabilities and stockholders’ equity	$	782,896		707,121

WACHOVIA CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	Three Months Ended December 31,				Years Ended December 31,
(In millions, except per share data)	2007			2006	2007		2006
INTEREST INCOME
Interest and fees on loans	$	7,980		7,736	31,258		21,976
Interest and dividends on securities		1,616		1,491	6,097		6,433
Trading account interest		557		462	2,062		1,575
Other interest income		757		681	2,814		2,281
Total interest income		10,910		10,370	42,231		32,265
INTEREST EXPENSE
Interest on deposits		3,433		3,067	12,961		9,119
Interest on short-term borrowings		673		781	2,849		3,114
Interest on long-term debt		2,174		1,945	8,291		4,783
Total interest expense		6,280		5,793	24,101		17,016
Net interest income		4,630		4,577	18,130		15,249
Provision for credit losses		1,497		206	2,261		434
Net interest income after provision for credit losses		3,133		4,371	15,869		14,815
FEE AND OTHER INCOME
Service charges		716		646	2,686		2,480
Other banking fees		440		452	1,797		1,756
Commissions		970		633	2,878		2,406
Fiduciary and asset management fees		1,436		887	4,433		3,368
Advisory, underwriting and other investment banking fees		249		433	1,503		1,345
Trading account profits (losses)		(742	)	29	(856	)	535
Principal investing		41		142	759		525
Securities gains (losses)		(320	)	47	(278	)	118
Other income		(264	)	742	375		2,132
Total fee and other income		2,526		4,011	13,297		14,665
NONINTEREST EXPENSE
Salaries and employee benefits		3,468		3,023	12,190		10,903
Occupancy		375		323	1,343		1,173
Equipment		334		314	1,233		1,184
Advertising		71		47	264		204
Communications and supplies		192		166	720		653
Professional and consulting fees		275		239	857		790
Other intangible amortization		111		141	424		423
Merger-related and restructuring expenses		187		49	265		179
Sundry expense		773		660	2,526		2,087
Total noninterest expense		5,786		4,962	19,822		17,596
Minority interest in income of consolidated subsidiaries		107		125	571		414
Income (loss) from continuing operations before income taxes (benefits)		(234	)	3,295	8,773		11,470
Income taxes (benefits)		(285	)	1,040	2,461		3,725
Income from continuing operations		51		2,255	6,312		7,745
Discontinued operations, net of income taxes		—		46	—		46
Net income	$	51		2,301	6,312		7,791
PER COMMON SHARE DATA
Basic earnings
Income from continuing operations	$	0.03		1.20	3.31		4.70
Net income		0.03		1.22	3.31		4.72
Diluted earnings
Income from continuing operations		0.03		1.18	3.26		4.61
Net income		0.03		1.20	3.26		4.63
Cash dividends	$	0.64		0.56	2.40		2.14
AVERAGE COMMON SHARES
Basic		1,959		1,889	1,907		1,651
Diluted		1,983		1,922	1,934		1,681