On Oct. 17, Wachovia (NYSE:WB) released third-quarter 2005 earnings for the period ended Sept. 30.
- Acquisitions helped Wachovia grow revenue by 19% to a record $6.6 billion.
- Excluding acquisition-related expenses, the company beat analyst EPS estimates of $1.07 by $0.02.
(Figures in millions, except per-share data)
Income Statement Highlights (What's this?)
|
Avg. Est. |
Q3 2005 |
Q3 2004 |
% Change | |
|---|---|---|---|---|
|
Total Revenue |
$6,460 |
$6,563 |
$5,523 |
+18.8% |
|
Net Interest Income |
- |
$3,403 |
$2,965 |
+14.8% |
|
Net Profit |
- |
$1,665 |
$1,263 |
+31.8% |
|
EPS |
$ 1.07 |
$1.06 |
$0.96 |
+10.4% |
Balance Sheet Highlights (What's this?)
|
Assets |
Q3 2005 |
Q3 2004 |
% Change |
|---|---|---|---|
|
Investment Securities |
$166,841 |
$147,286 |
+13.3% |
|
Loans |
$257,771 |
$192,259 |
+34.1% |
|
Liabilities | |||
|---|---|---|---|
|
Deposits |
$320,439 |
$252,981 |
+26.7% |
|
Total Liabilities |
$481,720 |
$400,126 |
+20.4% |
Ratio Checkup (What's this?)
|
Q3 2005 |
Q3 2004 |
Change | |
|---|---|---|---|
|
Net Interest Margin |
3.20% |
3.36% |
-0.16% |
|
Efficiency Ratio |
59.78% |
65.20% |
-5.42% |
|
Nonperforming Assets / Assets |
0.17% |
0.21% |
-0.04% |
|
Return on Average Assets |
1.29% |
1.18% |
+0.11% |
|
Return on Average Equity |
13.95% |
15.12% |
-1.17% |
Related companies:
- Bank of America (NYSE:BAC)
- Citigroup (NYSE:C)
- JP Morgan Chase (NYSE:JPM)
- Wells Fargo (NYSE:WFC)
- SunTrust (NYSE:STI)
Related Foolishness:
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At the time of publication, Joseph Khattab had no positions in any of the companies mentioned. Fool rules are here.
