Fleet National Bank
Providence, RI — Domestic Branch of a Domestic Bank
Acquired Jun 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Fleet National Bank | All Insured Commercial Banks in Rhode Island |
Interest and Fees on Loans | 1,370,377 | 251,468 |
Income from Lease Financing Receivables | 175,103 | 87,597 |
81,380 | 27,310 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 41,629 | 13,973 |
Income on Loans and Leases (TE) | 1,587,109 | 287,653 |
Investment Interest Income (TE) | 215,804 | 36,271 |
Total Interest Income (TE) | 2,053,532 | 318,869 |
Total Interest Expense | 581,012 | 91,279 |
Net Interest Income (TE) | 1,472,520 | 227,590 |
Non-Interest Income | 905,638 | 137,404 |
Adjusted Operating Income (TE) | 2,378,158 | 364,994 |
Non-interest Expense | 1,225,743 | 187,964 |
Provision for Loan & Lease Losses | — | 3,709 |
Pretax Operating Income (TE) | 1,389,383 | 242,949 |
Pretax Net Operating Income (TE) | 1,390,199 | 243,371 |
Applicable Income Taxes | 490,884 | 85,768 |
Net Operating Income | 854,894 | 150,130 |
Net Income | 854,894 | 150,130 |
Cash Dividends Declared | 750,000 | 251,000 |
Retained Earnings | 104,894 | 24,630 |