Analyze the 2019 year of this bank's income statement. Provide Pros and Cons of this income statement
Fantastic news! We've Found the answer you've been seeking!
Question:
Analyze the 2019 year of this bank's income statement. Provide Pros and Cons of this income statement
Transcribed Image Text:
Income Statement All numbers in thousands A Get access to 40+ years of historical data with Yahoo Finance Premium. Learn more Breakdown TTM 12/31/2019 12/31/2018 12/31/2017 12/31/2016 > Total Revenue 682,828 675,334 650,028 638,603 Credit Losses Provision -107,350 -16,000 -13,425 -16,900 > Non Interest Expense 363,516 373,508 366,377 353,639 Pretax Income 211,962 285,826 270,226 268,064 Tax Provision 42,329 59,913 50,624 83,392 > Net Income Common Stockhold... 169,633 225,913 219,602 184,672 Diluted NI Available to Com Stock.. 169,633 225,913 219,602 184,672 Basic EPS 0.0056 0.0053 0.0044 Diluted EPS 0.0056 0.0052 0.0043 Basic Average Shares 40,384 41,715 42,281 Diluted Average Shares 40,650 41,999 42,607 INTEREST_INCOME_AFTER_PROVIS. 393,358 481,715 472,927 440,338 Net Income from Continuing & Dis.. 169,633 225,913 219,602 184,672 Normalized Income 169,633 225,913 219,602 184,672 Total Money Market Investments 1,531 3,594 3,757 3,897 Reconciled Depreciation 31,825 29,884 14,389 13,048 Net Income from Continuing Oper. 169,633 225,913 219,602 184,672 Tax Rate for Calcs Tax Effect of Unusual Items Income Statement All numbers in thousands A Get access to 40+ years of historical data with Yahoo Finance Premium. Learn more Breakdown TTM 12/31/2019 12/31/2018 12/31/2017 12/31/2016 > Total Revenue 682,828 675,334 650,028 638,603 Credit Losses Provision -107,350 -16,000 -13,425 -16,900 > Non Interest Expense 363,516 373,508 366,377 353,639 Pretax Income 211,962 285,826 270,226 268,064 Tax Provision 42,329 59,913 50,624 83,392 > Net Income Common Stockhold... 169,633 225,913 219,602 184,672 Diluted NI Available to Com Stock.. 169,633 225,913 219,602 184,672 Basic EPS 0.0056 0.0053 0.0044 Diluted EPS 0.0056 0.0052 0.0043 Basic Average Shares 40,384 41,715 42,281 Diluted Average Shares 40,650 41,999 42,607 INTEREST_INCOME_AFTER_PROVIS. 393,358 481,715 472,927 440,338 Net Income from Continuing & Dis.. 169,633 225,913 219,602 184,672 Normalized Income 169,633 225,913 219,602 184,672 Total Money Market Investments 1,531 3,594 3,757 3,897 Reconciled Depreciation 31,825 29,884 14,389 13,048 Net Income from Continuing Oper. 169,633 225,913 219,602 184,672 Tax Rate for Calcs Tax Effect of Unusual Items
Expert Answer:
Answer rating: 100% (QA)
Below are the Pros based on the income statement provided Revenue Growth There is a consi... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Historical Income Statement for MKH, Inc. Item 2019 $ millions 2020 $ millions Revenue Operating expenses Depreciation 810 (600) (80) 880 (640) (90) Operating Profit Interest income Interest expense...
-
Get all pairs of part numbers such that some supplier supplies both the indicated parts.
-
Get part numbers for parts supplied to all projects in London.
-
Why do you imagine Xcel agreed to invest $100 million in this risky experiment?
-
Assume that First Purity Bank begins with the balance sheet below and is fully loaned-up. Answer the questions that follow. a. What is the reserve requirement equal to? b. If the bank receives a new...
-
In 2019, in Bangkok a customer found a dead lizard in a pack of Irvins Salted Egg Fish Skin. Spearheaded by CEO Irvin Gunawan, the brand launched a masterful campaign of apology and promised to do...
-
A simple random sample of 17 business majors from a certain university had a mean GPA of 2.81 with a standard deviation of 0.27. A simple random sample of 23 psychology majors was selected from the...
-
One of New Centurys most important accounts was its loan repurchase loss reserve. Each accounting period, New Century was required to estimate the ending balance of that account. What general...
-
The Supply Chain Game is an online supply network simulator. Students compete against each other in two assignments lasting a week each. To meet different demand patterns in five regions, student...
-
This and similar cases in later chapters focus on the financial statements of a real company Target Corporation, a discount merchandiser that sells a wide assortment of general merchandise and food....
-
Tempo Company's fixed budget (based on sales of 16,000 units) folllows. Fixed Budget Sales (16,000 units x $217 per unit) 3,472,000 Costs Direct materials Direct labor Indirect materials 384,000...
-
True or False. For an undamped system, the velocity leads the displacement by \(\pi / 2\).
-
What is critical damping, and what is its importance?
-
True or False. The motion diminishes to zero in both underdamped and overdamped cases.
-
True or False. The final position of the mass is always the equilibrium position in the case of Coulomb damping.
-
Is hysteresis damping a function of the maximum stress?
-
Stock A returns in years 1, 2, 3 and 4 are 0.02, 0.032, 0.018, and 0.03. Stock B returns are 0.041, 0.031, 0.02, and 0.053. Average return from short-term government bond over these years is 1%. How...
-
SBS Company have received a contract to supply its product to a Health Care Service Hospital. The sales involve supplying 1,250 units every quarter, the sales price is RM 85 per unit. The Client...
-
Gelb Company currently manufactures 40,000 units of a key component for its manufacturing process at a cost of $4.45 per unit. Variable costs are $1.95 per unit, fixed costs related to making this...
-
Assume the following T-accounts reflect Belle Co.s general ledger and that seven transactions a through g are posted to them. Provide a short description of each transaction. Include the amounts in...
-
Spicy Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family Style for home use. Salsa is prepared in department 1 and packaged in department 2. The...
-
Using data from a random sample of elementary schools, a researcher regresses average test scores on the fraction of students who qualify for reduced-price meals. The regression indicates a negative...
-
In the demand curve model of Equation (12.3), is \(\ln \left(P_{i}^{\text {butter }} ight)\) positively or negatively correlated with the error, \(u_{i}\) ? If \(\beta_{1}\) is estimated by OLS,...
-
In the study of cigarette demand in this chapter, suppose we used as an instrument the number of trees per capita in the state. Is this instrument relevant? Is it exogenous? Is it a valid instrument?
Study smarter with the SolutionInn App