On Jan. 19, Wachovia
- Excluding merger-related expenses, earnings met Wall Street consensus estimates at $1.11 per share.
- Credit quality continues to improve with nonperforming assets at 0.14% of total assets.
- Results for the fourth quarter included a $214 million gain from the sale of corporate and institutional trust businesses.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|---|
|
Total Revenue |
-- |
$6,431 |
$5,974 |
+7.6% |
|
Net Interest Income |
-- |
$3,523 |
$3,279 |
+7.4% |
|
Net Profit |
-- |
$1,707 |
$1,448 |
+17.9% |
|
EPS |
$1.11 |
$1.09 |
$0.95 |
+14.7% |
Get back to basics with a look at the income statement.
Ratio Checkup*|
Q4 2005 |
Q4 2004 |
Change |
|
|---|---|---|---|
|
Net Interest Margin |
3.25% |
3.37% |
-0.12% |
|
Efficiency Ratio |
62.84% |
60.34% |
+2.50% |
|
Nonperforming Assets / Assets |
0.14% |
0.22% |
-0.08% |
|
Return on Average Assets |
1.17% |
1.26% |
-0.09% |
|
Return on Average Equity |
13.05% |
13.95% |
-0.90% |
Get the scoop on bank ratios.
Balance Sheet Highlights
Assets | Q4 | Q4 | % Change |
|---|---|---|---|
Investment Securities | $157,593 | $156,529 | +0.7% |
Loans | $265,420 | $236,828 | +12.1% |
Liabilities | Q4 2005 | Q4 2004 | % |
|---|---|---|---|
Deposits | $324,894 | $295,053 | +10.1% |
Total Liabilities | $470,294 | $443,189 | +6.1% |
Related Companies:
- Citigroup
(NYSE:C) - Bank of America
(NYSE:BAC) - BB&T
(NYSE:BBT) - Wells Fargo
(NYSE:WFC) - U.S.Bancorp
(NYSE:USB)
Related Foolishness:
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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 Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication, Joseph Khattab had no positions in the companies mentioned. Fool rules are here.
