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