| |
|
|
|
|
| |
|
Year ended December
31, |
| Dollars in millions, except per share amounts |
2003 |
2002 |
|
| Income statement |
|
|
| |
Net revenues |
$ 708 |
$ 575 |
| |
Net earnings |
$ 171 |
$ 143 |
| |
Earnings per diluted share |
$ 3.01 |
$ 2.41 |
| |
|
|
|
| Balance sheet (period end) |
|
|
| |
Total assets |
13,240 |
9,574 |
| |
Total equity |
1,017 |
850 |
| |
Book value per share |
17.93 |
15.50 |
| |
Debt to equity (1) |
12.0:1 |
10.3:1 |
| |
Core capital ratio (2) |
7.56% |
8.70% |
| |
Risk-based capital ratio (2) |
12.95% |
15.02% |
| |
|
|
|
| Performance ratios |
|
|
| |
Return on average equity |
18.3% |
16.6% |
| |
Return on average assets |
1.5% |
1.8% |
| |
Dividend payout ratio |
18.3% |
0.0% |
| |
Efficiency ratio (3) |
58% |
58% |
| |
|
|
|
| (1) Debt for this purpose includes deposits. |
| (2) IndyMac Bank, F.S.B. (excludes unencumbered cash
at the Parent Company available for investment in IndyMac Bank). Risk-based
capital is based on the regulatory standard risk-weighting. With IndyMac’s
additional risk-weightings for subprime loans, the ratios are 12.29%
and 14.03% as of December 31, 2003 and 2002, respectively. |
| (3) Defined as operating expenses divided by net interest
income and other income. |
|
|
