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Sovereign Bancorp Cashes In: Fool by Numbers

On July 18, Sovereign Bancorp (NYSE: SOV  ) released second-quarter earnings for the period ended June 30.

  • Total revenue increased 10.5% from the same quarter last year to $592.4 million. Non-interest income increased 3.3%, primarily because of a 16% rise in consumer and commercial banking fees.
  • Net interest income rose 3.3% for the quarter, but net interest margin was reduced by 15 basis points because of a $1.2 billion financing transaction of an international bank.
  • Sovereign Bancorp carries a Motley Fool CAPS rating of one star (out of a potential five). Its competitors -- KeyCorp (NYSE: KEY  ) and PNC Financial Services Group (NYSE: PNC  ) -- carry one- and two-star ratings, respectively, while Motley Fool Income Investor pick JPMorgan (NYSE: JPM  ) is currently rated three stars.

(Figures in millions, except per-share data)

Income Statement Highlights

Q2 2007

Q2 2006


Total Revenue




Net Interest Income




Net Profit








*Non-GAAP EPS as reported by the company.

Get back to basics with a look at the income statement.

Ratio Checkup

Q2 2007

Q2 2006


Net Interest Margin




Efficiency Ratio




Nonperforming Assets / Assets




Return on Average Assets




Return on Average Equity




*Expressed in percentage points.

Find out more about bank performance ratios.

Balance Sheet Highlights


Q2 2007

Q2 2006











Q2 2007

Q2 2006






Total Liabilities




Learn about bank assets and bank liabilities.

Related Foolishness:

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.

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1/29/2009 4:04 PM
SOV $2.47 Down +0.00 +0.00%
Sovereign Bancorp CAPS Rating: **
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