Norwest Bank Arizona, National Association
Phoenix, AZ — Domestic Branch of a Domestic Bank
Acquired Feb 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Norwest Bank Arizona, National Association | All Insured Commercial Banks in Arizona |
Interest and Fees on Loans | 237,488 | 12,549 |
Income from Lease Financing Receivables | — | 480 |
544 | 226 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 269 | 111 |
Income on Loans and Leases (TE) | 237,757 | 12,619 |
Investment Interest Income (TE) | 106,197 | 4,108 |
Total Interest Income (TE) | 400,470 | 10,101 |
Total Interest Expense | 69,899 | 3,652 |
Net Interest Income (TE) | 330,571 | 7,368 |
Non-Interest Income | 234,393 | 8,119 |
Adjusted Operating Income (TE) | 564,964 | 18,591 |
Non-interest Expense | 443,593 | 12,282 |
Provision for Loan & Lease Losses | 17,887 | 1,169 |
Pretax Operating Income (TE) | 103,484 | 13,764 |
Pretax Net Operating Income (TE) | 99,094 | 13,697 |
Applicable Income Taxes | 37,718 | 6,253 |
Net Operating Income | 60,580 | 8,602 |
Net Income | 60,580 | 8,602 |
Cash Dividends Declared | 68,000 | 13,476 |
Retained Earnings | — | 4,674 |