American Express Co - 4th Qtr. & Final Results Pt.2
04 Febrero 1998 - 7:08AM
UK Regulatory
RNS No 5724c
AMERICAN EXPRESS CO
30th January 1998
PART 2
CONTACT: Susan D. Miller
212-640-4953
Michael J. O'Neill
212-640-5951
(Preliminary) American Express Bank
Statement of Income
(Unaudited)
(Dollars in millions) Quarter Ended
December 31 September 30 June 30 March 31 December 31
1997 1997 1997 1997 1996
Net Revenues:
Interest Income $ 223 $ 230 $ 226 $ 218 $ 223
Interest Expense 148 148 148 136 140
Net Interest Income 75 82 78 82 83
Commissions, Fees
and Other Revenues 54 57 54 52 57
Foreign Exchange
Income 38 23 21 19 16
Total Net Revenues 167 162 153 153 156
Provision for
Credit Losses 10 7 1 2 10
Expenses:
Human Resources 64 60 58 58 56
Other Operating
Expenses 63 61 61 61 64
Total Expenses 127 121 119 119 120
Pretax Income 30 34 33 32 26
Income Tax
Provision 11 13 12 12 9
Net Income $ 19 21 $ 21 $ 20 $ 17
(Preliminary) American Express Bank
Selected Statistical Information
(Unaudited)
(Dollars in millions,
except where indicated) Quarter Ended
December 31 September 30 June 30 March 31 December 31
1997 1997 1997 1997 1996
Investments
(billions) $ 2.3 $ 2.6 $ 2.9 $ 2.8 $ 2.8
Total Loans
(billions) $ 6.2 $ 6.5 $ 6.4 $ 6.1 $ 5.9
Reserve for
Credit Losses $ 131 $ 127 $ 130 $ 131 $ 117
Total Non-
Performing Loans $ 47 $ 60 $ 80 $ 46 $ 35
Other Real
Estate Owned $ 4 $ 5 $ 4 $ 35 $ 36
Deposits (billions) $ 8.5 $ 9.0 $ 9.0 $ 9.1 $ 8.7
Shareholder's
Equity $ 830 $ 819 $ 814 $ 787 $ 799
Return on
Average Assets* 0.58% 0.65% 0.65% 0.69% 0.55%
Return on Average
Common Equity * 9.98% 11.16% 11.05% 11.14% 8.89%
Risk-Based
Capital Ratios:
Tier 1 8.8% 8.6% 8.4% 8.7% 8.8%
Total 12.3% 11.6% 11.3% 11.8% 12.5%
Leverage Ratio 5.3% 5.4% 5.5% 5.6% 5.6%
* Excluding the effect of SFAS No.115
(Preliminary)
American Express Bank
Selected Statistical Information
(Unaudited)
(Dollars in millions, except where indicated)
Quarter Ended
December 31,
1997 1996
Investments (billions) $ 2.3 $ 2.8
Total Loans (billions) $ 6.2 $ 5.9
Reserve for Credit Losses $ 131 $ 117
Total Nonperforming Loans $ 47 $ 35
Other Real Estate Owned $ 4 $ 36
Deposits (billions) $ 8.5 $ 8.7
Shareholder's Equity $ 830 $ 799
Return on Average Assets* 0.58% 0.55%
Return on Average
Common Equity* 9.98% 8.89%
Risk-Based Captal Ratios:
Tier 1 8.8% 8.8%
Total 12.3% 12.5%
Leverage Ratio 5.3% 5.6%
Year Ended
December 31,
1997 1996
Investments (billions) $ 2.3 $ 2.8
Total Loans (billions) $ 6.2 $ 5.9
Reserve for Credit Losses $ 131 $ 117
Total Nonperforming Loans $ 47 $ 35
Other Real Estate Owned $ 4 $ 36
Deposits (billions) $ 8.5 $ 8.7
Shareholder's Equity $ 830 $ 799
Return on Average Assets* 0.64% 0.57%
Return on Average
Common Equity* 10.83% 9.22%
Risk-Based Captal Ratios:
Tier 1 8.8% 8.8%
Total 12.3% 12.5%
Leverage Ratio 5.3% 5.6%
*Excluding the effect of SFAS 115.
END
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