Net Income Analysis ( % relative to Total Revenue )
Income Statement Merrill Lynch Bank Usa All Insured Commercial Banks in Utah
Interest and Fees on Loans 550,898 78,787
Income from Lease Financing Receivables — 8,092
— 733
Estimated Tax Benefit from Tax-Exempt Loan Income — 146
Income on Loans and Leases (TE) 550,898 80,521
Investment Interest Income (TE) 188,457 8,110
Total Interest Income (TE) 793,576 61,650
Total Interest Expense 84,239 19,369
Net Interest Income (TE) 709,337 33,068
Non-Interest Income 506,026 50,983
Adjusted Operating Income (TE) 1,215,363 99,877
Non-interest Expense 289,500 29,392
Provision for Loan & Lease Losses 100,099 48,240
Pretax Operating Income (TE) 825,764 57,570
Pretax Net Operating Income (TE) 883,024 59,472
Applicable Income Taxes 311,273 27,036
Net Operating Income 571,751 37,614
Net Income 571,751 37,614
Cash Dividends Declared — 6,098
Retained Earnings 571,751 41,866