PROVIDIAN FINANCIAL CORP.
Select Financial Data
Q1 Year Ended December 31
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(dollars in thousands) 1998 1997 1996 1995 1994 1993
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a. Ratio of Earnings to Fixed Charges
INCLUDING INTEREST ON DEPOSITS:
EARNINGS:
Income before income taxes 92,815 311,300 257,251 214,863 175,203 136,643
Fixed charges 56,177 187,843 192,536 160,183 103,926 108,546
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Earnings, for computation purposes 148,992 499,143 449,787 375,046 279,129 245,189
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FIXED CHARGES:
Interest on borrowings 8,603 18,858 49,208 52,732 39,739 52,918
Interest on deposits 46,153 164,252 140,361 105,151 61,920 54,028
Portion of rents representative of the interest factor 1,421 4,733 2,967 2,300 2,267 1,600
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Fixed charges, including interest on deposits,
for computation purposes 56,177 187,843 192,536 160,183 103,926 108,546
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Ratio of earnings to fixed charges, including
interest on deposits 2.65 2.66 2.34 2.34 2.69 2.26
EXCLUDING INTEREST ON DEPOSITS:
EARNINGS:
Income before income taxes 92,815 311,300 257,251 214,863 175,203 136,643
Fixed charges 10,024 23,591 52,175 55,032 42,006 54,518
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Earnings, for computation purposes 102,839 334,891 309,426 269,895 217,209 191,161
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FIXED CHARGES:
Interest on borrowings 8,603 18,858 49,208 52,732 39,739 52,918
Portion of rents representative of the interest factor 1,421 4,733 2,967 2,300 2,267 1,600
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Fixed charges, excluding interest on deposits,
for computation purposes 10,024 23,591 52,175 55,032 42,006 54,518
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Ratio of earnings to fixed charges, excluding
interest on deposits 10.26 14.20 5.93 4.90 5.17 3.51
b. Ratio of Earnings to Combined Fixed Charges and Preferred
Stock Dividend Requirements
INCLUDING INTEREST ON DEPOSITS:
EARNINGS:
Income before income taxes 92,815 311,300 257,251 214,863 175,203 136,643
Fixed charges 56,177 187,843 192,536 160,183 103,926 108,546
-------- -------- -------- -------- -------- --------
Earnings, for computation purposes 148,992 499,143 449,787 375,046 279,129 245,189
======== ======== ======== ======== ======== ========
FIXED CHARGES AND PREFERRED STOCK
DIVIDEND REQUIREMENTS
Interest on borrowings 8,603 18,858 49,208 52,732 39,739 52,918
Interest on deposits 46,153 164,252 140,361 105,151 61,920 54,028
Portion of rents representative of the interest factor 1,421 4,733 2,967 2,300 2,267 1,600
-------- -------- -------- -------- -------- --------
Fixed charges, including interest on deposits,
for computation purposes 56,177 187,843 192,536 160,183 103,926 108,546
Preferred stock dividend requirements - 1,636 7,397 7,397 7,397 7,397
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Fixed charges and preferred stock dividend requirements,
including interest on deposits, for
computation purposes 56,177 189,479 199,932 167,580 111,322 115,943
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Ratio of earnings to fixed charges and preferred stock
dividend requirements, including interest on deposits 2.65 2.63 2.25 2.24 2.51 2.11
EXCLUDING INTEREST ON DEPOSITS:
EARNINGS:
INCOME BEFORE INCOME TAXES 92,815 311,300 257,251 214,863 175,203 136,643
Fixed charges 10,024 23,591 52,175 55,032 42,006 54,518
-------- -------- -------- -------- -------- --------
Earnings, for computation purposes 102,839 334,891 309,426 269,895 217,209 191,161
======== ======== ======== ======== ======== ========
FIXED CHARGES AND PREFERRED STOCK
DIVIDEND REQUIREMENTS
Interest on borrowings 8,603 18,858 49,208 52,732 39,739 52,918
Portion of rents representative of the interest factor 1,421 4,733 2,967 2,300 2,267 1,600
-------- -------- -------- -------- -------- --------
Fixed charges, excluding interest on deposits,
for computation purposes 10,024 23,591 52,175 55,032 42,006 54,518
Preferred stock dividend requirements - 1,636 7,397 7,397 7,397 7,397
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Fixed charges and preferred stock dividend requirements,
excluding interest on deposits, for
computation purposes 10,024 25,227 59,571 62,429 49,402 61,915
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Ratio of earnings to fixed charges and preferred stock
dividend requirements, excluding interest on deposits 10.26 13.28 5.19 4.32 4.40 3.09