![]() The conference call will be accessible through live webcast. The company will hold an earnings conference call on Januat 5:00 PM Eastern Time. See Table 15 in Exhibit 99.2 for a reconciliation of our selected reported results to these non-GAAP measures.Įarnings Conference Call Webcast Information We believe non-GAAP measures help investors and users of our financial information understand the effect of adjusting items on our selected reported results and provide alternate measurements of our performance, both in the current period and across periods. Management believes that this financial metric is useful in enabling investors and others to assess the Company's ability to generate income to cover credit losses through a credit cycle, which can vary significantly between periods. (1) Pre-provision earnings is calculated based on the sum of net interest income and non-interest income, less non-interest expense for the period. Adjusted operating efficiency ratio (2) of 44.53 percent.Operating efficiency ratio of 44.22 percent.Adjusted efficiency ratio (2) of 56.26 percent.Net interest margin of 6.67 percent, an increase of 46 basis points.Provision for credit losses increased $7.8 billion to $5.8 billion.Pre-provision earnings (1) increased 9 percent to $15.1 billion.11 percent increase in operating expenses.Total non-interest expense increased 16 percent to $19.2 billion:.Total net revenue increased 13% to $34.3 billion.Interest-bearing deposits rate paid increased 82 basis points to 1.82 percent.Period-end total deposits increased $15.8 billion, or 5 percent, to $333.0 billion, while average deposits increased $14.6 billion, or 5 percent, to $326.6 billion.Commercial Banking average loans increased $39 million, or less than 1 percent, to $95.5 billion.Auto average loans decreased $633 million, or 1 percent, to $79.1 billion.Consumer Banking average loans decreased $639 million, or 1 percent, to $80.7 billion.Domestic Card average loans increased $7.3 billion, or 6 percent, to $124.8 billion.Credit Card average loans increased $7.3 billion, or 6 percent, to $130.7 billion.Average loans held for investment in the quarter increased $6.7 billion, or 2 percent, to $306.9 billion.Commercial Banking period-end loans decreased $1.2 billion, or 1 percent, to $94.7 billion.Auto period-end loans decreased $1.2 billion, or 2 percent, to $78.4 billion.Consumer Banking period-end loans decreased $1.3 billion, or 2 percent, to $79.9 billion.Domestic Card period-end loans increased $10.3 billion, or 8 percent, to $131.6 billion.Credit Card period-end loans increased $10.8 billion, or 9 percent, to $137.7 billion.Period-end loans held for investment in the quarter increased $8.4 billion, or 3 percent, to $312.3 billion.Common equity Tier 1 capital ratio under Basel III Standardized Approach of 12.5 percent at December 31, 2022.Adjusted operating efficiency ratio (2) of 44.99 percent.įourth Quarter 2022 Balance Sheet Summary:.Operating efficiency ratio of 43.83 percent. ![]() Adjusted efficiency ratio (2) of 57.36 percent.Net interest margin of 6.84 percent, an increase of 4 basis points.Provision for credit losses increased $747 million to $2.4 billion:.Pre-provision earnings (1) increased 3 percent to $4.0 billion.less than 1 percent decrease in operating expenses.Total non-interest expense increased 3 percent to $5.1 billion:.Total net revenue increased 3 percent to $9.0 billion.See Table 15 in Exhibit 99.2 for a reconciliation of our selected reported results to these non-GAAP measures.įourth Quarter 2022 Income Statement Summary:
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