Exhibit 99:4 CAPITAL ONE FINANCIAL CORPORATION | |||||||||||||||||
Consolidated Statements of Income | |||||||||||||||||
(in thousands, except per share data)(unaudited) | |||||||||||||||||
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| Three Months Ended |
| Six Months Ended | ||||||||||||||
| June 30 |
| March 31 |
| June 30 |
| June 30 |
| June 30 | ||||||||
| 2001 |
| 2001 |
| 2000 |
| 2001 |
| 2000 | ||||||||
Interest Income: |
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Consumer loans, including fees | $ | 620,866 |
| $ | 617,889 |
| $ | 511,886 |
| $ | 1,238,755 |
| $ | 1,000,823 | |||
Securities available for sale |
| 33,942 |
|
| 28,234 |
|
| 22,845 |
|
| 62,176 |
|
| 47,579 | |||
Other |
| 2,408 |
|
| 3,750 |
|
| 1,776 |
|
| 6,158 |
|
| 3,552 | |||
Total interest income |
| 657,216 |
|
| 649,873 |
|
| 536,507 |
|
| 1,307,089 |
|
| 1,051,954 | |||
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Interest Expense: |
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Deposits |
| 155,479 |
|
| 146,961 |
|
| 63,619 |
|
| 302,440 |
|
| 115,739 | |||
Other borrowings |
| 43,825 |
|
| 43,900 |
|
| 46,914 |
|
| 87,725 |
|
| 88,368 | |||
Senior notes |
| 87,842 |
|
| 83,293 |
|
| 62,016 |
|
| 171,135 |
|
| 130,392 | |||
Total interest expense |
| 287,146 |
|
| 274,154 |
|
| 172,549 |
|
| 561,300 |
|
| 334,499 | |||
Net interest income |
| 370,070 |
|
| 375,719 |
|
| 363,958 |
|
| 745,789 |
|
| 717,455 | |||
Provision for loan losses |
| 202,900 |
|
| 250,614 |
|
| 151,010 |
|
| 453,514 |
|
| 277,535 | |||
Net interest income after provision for loan losses |
| 167,170 |
|
| 125,105 |
|
| 212,948 |
|
| 292,275 |
|
| 439,920 | |||
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Non-Interest Income: |
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Servicing and securitizations |
| 572,591 |
|
| 543,791 |
|
| 282,640 |
|
| 1,116,382 |
|
| 553,398 | |||
Service charges and other customer-related fees |
| 407,412 |
|
| 406,134 |
|
| 374,706 |
|
| 813,546 |
|
| 715,938 | |||
Interchange |
| 93,673 |
|
| 74,851 |
|
| 53,461 |
|
| 168,524 |
|
| 96,531 | |||
Total non-interest income |
| 1,073,676 |
|
| 1,024,776 |
|
| 710,807 |
|
| 2,098,452 |
|
| 1,365,867 | |||
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Non-Interest Expense: |
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Salaries and associate benefits |
| 342,076 |
|
| 325,716 |
|
| 236,618 |
|
| 667,792 |
|
| 471,454 | |||
Marketing |
| 268,709 |
|
| 231,200 |
|
| 211,560 |
|
| 499,909 |
|
| 413,498 | |||
Communications and data processing |
| 72,906 |
|
| 75,292 |
|
| 72,933 |
|
| 148,198 |
|
| 143,755 | |||
Supplies and equipment |
| 74,780 |
|
| 73,603 |
|
| 58,167 |
|
| 148,383 |
|
| 110,441 | |||
Occupancy |
| 31,349 |
|
| 31,302 |
|
| 27,250 |
|
| 62,651 |
|
| 52,542 | |||
Other |
| 200,496 |
|
| 181,134 |
|
| 135,736 |
|
| 381,630 |
|
| 260,494 | |||
Total non-interest expense |
| 990,316 |
|
| 918,247 |
|
| 742,264 |
|
| 1,908,563 |
|
| 1,452,184 | |||
Income before income taxes |
| 250,530 |
|
| 231,634 |
|
| 181,491 |
|
| 482,164 |
|
| 353,603 | |||
Income taxes |
| 95,203 |
|
| 88,021 |
|
| 68,966 |
|
| 183,224 |
|
| 134,369 | |||
Net income | $ | 155,327 |
| $ | 143,613 |
| $ | 112,525 |
| $ | 298,940 |
| $ | 219,234 | |||
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Basic earnings per share | $ | 0.74 |
| $ | 0.70 |
| $ | 0.57 |
| $ | 1.44 |
| $ | 1.11 | |||
Diluted earnings per share | $ | 0.70 |
| $ | 0.66 |
| $ | 0.54 |
| $ | 1.36 |
| $ | 1.05 | |||
Dividends paid per share | $ | 0.03 |
| $ | 0.03 |
| $ | 0.03 |
| $ | 0.05 |
| $ | 0.05 | |||
