第一资本金融公司 Capital One Financial (COF) 1998年年度报告「NYSE」.pdf

1、The Innovation ImperativeCapital One Financial Corporation1998 Annual ReportCapital One Financial Corporation,based in FallsChurch,Virginia,is one of the fastest-growing,mostprofitable companies in the United States.Using aproprietary Information-Based Strategy to generateconstant innovation,Capital

2、 One has quickly becomeone of the worlds largest issuers of credit cards and adirect marketer of consumer lending products.It is alsoa pioneer in the direct marketing of wireless phoneservice.As of December 31,1998,the company had$17.4 billion in managed loans and 16.7 millioncustomers in the United

3、 States,Canada and the UnitedKingdom.Our 10,000 associates are based in FallsChurch,Richmond and Fredericksburg,Virginia;Tampa,Florida;Dallas/Fort Worth,Texas;Federal Way,Washington;Boston,Massachusetts;and London andNottingham,England.The common stock of Capital One FinancialCorporation,part of the

4、 Standard&Poors 500 Index,trades on the New York Stock Exchange under thesymbol COF.Capital Oneis a registered trademark of Capital One Financial Corporation.Capital One Financial Corporation1$3.96$2.80$2.32Diluted Earnings Per Share969798$115.00$54.19$36.00Year-End Stock Price96979816.711.78.6Total

5、 Accounts(In Millions)969798$17.4$14.2$12.8Managed Loans(In Billions)969798Financial SummaryYear Ended December 31(Dollars in Thousands,Except PerShare Data)19981997Percent ChangeEarnings:Net interest income$694,782$383,13881.34%Non-interest income1,488,2831,069,13039.21Marketing446,264224,81998.50O

6、ther non-interest expense1,025,852659,15955.63Net income275,231189,38145.33Tax rate38.0%38.0%Per Common Share:Basic earnings$4.20$2.8746.34Diluted earnings3.962.8041.43Dividends.32.32Book value as of year-end19.3513.66 41.65Market pricesYear-end115543/16112.23High12915/16543/16139.79Low509/16313/861