April 12, 2013
F I N A N C I A L R E S U L T S
1Q13
F I N A N C I A L R E S U L T S
1Q13 Financial highlights
1
See note 1 on slide 21
2
Assumes a tax rate of 38%
3
See note 4 on
slide 21, and the Basel I Tier 1 capital and Tier 1 capital ratio on page 39 of the Firm’s 1Q13 earnings release financial su
pplement
Record 1Q13 net income of $6.5B; record EPS of $1.59; revenue
of $25.8B
1
Strong performance across all businesses
1Q13 results included the following significant items
Fortress balance sheet strengthened
Basel I Tier 1 common of $143B; ratio of 10.2%
3
–
After impact of final Basel 2.5 rules, effective 1/1/13
Estimated Basel III Tier 1 common of $146B; ratio of 8.9%
–
After impact of final Basel 2.5 rules and NPR
$mm, excluding EPS
Pretax Net income
2
EPS
2
Real Estate Portfolios – Benefit from reduced mortgage loan loss reserves
$650 $403 $0.10
Card Services – Benefit from reduced credit card loan loss reserves
500 310 0.08
1
F I N A N C I A L R E S U L T S
1Q13 Financial results
1
1
See note 1 on slide 21
2
Actual numbers for all periods, not over/under
3
See note 3 on slide 21
$mm, excluding EPS
$ O/(U)1Q13 4Q12 1Q12Revenue (FTE)
1
$25,848 $1,470 ($909)Credit costs617 (39)(109)Expense15,423 (624)(2,922)Reported net income$6,529 $837 $1,605Net income applicable to common stock$6,131 $809 $1,554Reported EPS$1.59 $0.20 $0.40ROE
2
13%11%11%ROTCE
2,3
17 15 15
2
|