Table 2
Summary Measures of Profitabilitya
(as of December 31, 2003) |
| |
(1) Credit Card |
(2) Internet Banks |
(3)Subprime Lenders |
(4) All Banks and Thrifts |
| Mean |
| Interest income |
10.8 |
4.6 |
8.0 |
5.3 |
| Interest expense |
1.6 |
2.1 |
2.3 |
1.6 |
| Net interest income |
9.2 |
2.5 |
5.8 |
3.7 |
| Noninterest income |
18.5 |
1.1 |
3.4 |
1.6 |
| Other noninterest income |
0.0 |
0.1 |
0.1 |
0.0 |
| Noninterest expense |
16.8 |
3.4 |
5.6 |
3.6 |
| Other noninterest expense |
13.8 |
1.2 |
2.9 |
1.3 |
| Net noninterest income |
1.7 |
-2.3 |
-2.3 |
-2.0 |
| ROA |
4.6 |
0.7 |
1.2 |
1.0 |
| ROE |
24.3 |
8.8 |
11.1 |
10.0 |
| Median |
| Interest income |
8.7 |
4.5 |
6.2 |
5.2 |
| Interest expense |
1.6 |
2.0 |
2.1 |
1.6 |
| Netinterestincome |
7.0 |
2.3 |
4.1 |
3.6 |
| Noninterest income |
10.2 |
0.2 |
0.8 |
0.7 |
| Other noninterest income |
0.0 |
0.0 |
0.0 |
0.0 |
| Noninterest expense |
9.3 |
2.6 |
3.6 |
2.8 |
| Other noninterest expense |
6.2 |
0.8 |
1.2 |
0.8 |
| Net noninterest income |
1.5 |
-1.6 |
-2.4 |
-2.0 |
| ROA |
3.6 |
0.8 |
1.1 |
1.0 |
| ROE |
22.4 |
9.9 |
11.1 |
9.9 |
| No. of observations |
36 |
15 |
116 |
9181 |
| aIncome and expense ratios are expressed as a percentage of assets. ROA is expressed as a percentage of assets and ROE is expressed as a percentage of equity. The variables are merger-adjusted four-quarter totals. |
