PROVIDIAN FINANCIAL CORPORATION
Select Financial Data
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Nine Months
Ended Year Ended December 31
September --------------------------------------------------------------
(dollars in thousands) 2000 1999 1998 1997 1996 1995
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a. Ratio of Earnings to Fixed Charges
INCLUDING INTEREST ON DEPOSITS:
EARNINGS:
Income before income taxes $ 729,587 $ 917,425 $ 490,563 $ 311,300 $ 257,251 $ 214,863
Fixed charges 661,789 460,588 254,006 187,843 192,536 160,183
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Earnings, for computation purposes $1,391,376 $1,378,013 $ 744,569 $ 499,143 $ 449,787 $ 375,046
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FIXED CHARGES:
Interest on borrowings $ 47,676 $ 92,334 $ 42,931 $ 18,858 $ 49,208 $ 52,732
Interest on deposits 598,624 356,736 204,335 164,252 140,361 105,151
Portion of rents representative
of the interest factor 15,489 11,518 6,740 4,733 2,967 2,300
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Fixed charges, including interest on deposits,
for computation purposes $ 661,789 $ 460,588 $ 254,006 $ 187,843 $ 192,536 $ 160,183
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Ratio of earnings to fixed charges,
including interest on deposits 2.10 2.99 2.93 2.66 2.34 2.34
EXCLUDING INTEREST ON DEPOSITS:
EARNINGS:
Income before income taxes $ 729,587 $ 917,425 $ 490,563 $ 311,300 $ 257,251 $ 214,863
Fixed charges 63,165 103,852 49,671 23,591 52,175 55,032
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Earnings, for computation purposes $ 792,752 $1,021,277 $ 540,234 $ 334,891 $ 309,426 $ 269,895
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FIXED CHARGES:
Interest on borrowings $ 47,676 $ 92,334 $ 42,931 $ 18,858 $ 49,208 $ 52,732
Portion of rents representative
of the interest factor 15,489 11,518 6,740 4,733 2,967 2,300
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Fixed charges, excluding interest on
deposits, for computation purposes $ 63,165 $ 103,852 $ 49,671 $ 23,591 $ 52,175 $ 55,032
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Ratio of earnings to fixed charges,
excluding interest on deposits 12.55 9.83 10.88 14.20 5.93 4.90
b. Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividend Requirements
INCLUDING INTEREST ON DEPOSITS:
EARNINGS:
Income before income taxes $ 729,587 $ 917,425 $ 490,563 $ 311,300 $ 257,251 $ 214,863
Fixed charges 661,789 460,588 254,006 187,843 192,536 160,183
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Earnings, for computation purposes $1,391,376 $1,378,013 $ 744,569 $ 499,143 $ 449,787 $ 375,046
===========================================================================
FIXED CHARGES AND PREFERRED STOCK:
DIVIDEND REQUIREMENTS
Interest on borrowings $ 47,676 $ 92,334 $ 42,931 $ 18,858 $ 49,208 $ 52,732
Interest on deposits 598,624 356,736 204,335 164,252 140,361 105,151
Portion of rents representative
of the interest factor 15,489 11,518 6,740 4,733 2,967 2,300
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Fixed charges, including interest on
deposits, for computation purposes $ 661,789 $ 460,588 $ 254,006 $ 187,843 $ 192,536 $ 160,183
Preferred stock dividend requirements -- -- -- 1,636 7,397 7,397
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Fixed charges and preferred stock dividend
requirements, including interest on
deposits, for computation purposes $ 661,789 $ 460,588 $ 254,006 $ 189,479 $ 199,932 $ 167,580
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Ratio of earnings to fixed charges and
preferred stock dividend requirements,
including interest on deposits 2.10 2.99 2.93 2.63 2.25 2.24
EXCLUDING INTEREST ON DEPOSITS:
EARNINGS:
Income before income taxes $ 729,587 $ 917,425 $ 490,563 $ 311,300 $ 257,251 $ 214,863
Fixed charges 63,165 103,852 49,671 23,591 52,175 55,032
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Earnings, for computation purposes $ 792,752 $1,021,277 $ 540,234 $ 334,891 $ 309,426 $ 269,895
===========================================================================
FIXED CHARGES AND PREFERRED STOCK:
DIVIDEND REQUIREMENTS
Interest on borrowings $ 47,676 $ 92,334 $ 42,931 $ 18,858 $ 49,208 $ 52,732
Portion of rents representative
of the interest factor 15,489 11,518 6,740 4,733 2,967 2,300
---------------------------------------------------------------------------
Fixed charges, excluding interest on
deposits, for computation purposes $ 63,165 $ 103,852 $ 49,671 $ 23,591 $ 52,175 $ 55,032
Preferred stock dividend requirements -- -- -- 1,636 7,397 7,397
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Fixed charges and preferred stock dividend
requirements, excluding interest on
deposits, for computation purposes $ 63,165 $ 103,852 $ 49,671 $ 25,227 $ 59,571 $ 62,429
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Ratio of earnings to fixed charges and
preferred stock dividend requirements,
excluding interest on deposits 12.55 9.83 10.88 13.28 5.19 4.32
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