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Year in Review
- 2002 marked the ten-year anniversary of IndyMac® under its current management team and operating plan
- Achieved record revenues of $575 million, up 15% over 2001
- Achieved record earnings of $143 million, up 13% over 2001
- Achieved record EPS of $2.41, up 21% over 2001
- Achieved record mortgage production of $20.3 billion, up 23% over 2001
- Achieved record total assets of $9.6 billion
- Non-performing assets ratio improved to 1.05% at December 31, 2002 from 1.55% at December 31, 2001
- Effectively managed interest rate risk in a very volatile interest rate environment
- IndyMac's Board of Directors reinstated quarterly cash dividends with its declaration of a $0.10 per share dividend on January 28, 2003
- IndyMac was added to the Russell 1000 index and selected for the Fortune 100 list of fastest growing companies; also named for a second year to the S&P PowerPicks Portfolio
- Despite the strength of the above results, IndyMac's share price declined 21% to $18.49 as the price/earnings multiples for IndyMac, and the mortgage industry in general, declined to historically low levels
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