Exhibit 99
MBNA CORPORATION AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS
(dollars in thousands, except per share amounts)
For the Three Months For the Nine Months
Ended September 30, Ended September 30,
2000 1999 2000 1999
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(unaudited)
INCOME STATEMENT DATA FOR THE PERIOD:
Net interest income....... $ 275,034 $ 209,021 $ 826,418 $ 702,863
Provision for possible
credit losses............ 113,283 105,020 302,430 319,240
Other operating income.... 1,326,150 1,118,307 3,630,557 3,050,569
Other operating expense... 892,183 751,413 2,718,832 2,295,809
Net income.............. 368,749 291,484 888,706 704,659
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PER COMMON SHARE DATA FOR THE PERIOD:
Earnings(a)............... $ .44 $ .36 $ 1.08 $ .87
Earnings-assuming
dilution(a).............. .43 .34 1.05 .83
Dividends................. .08 .07 .24 .21
Book value................ 7.13 4.68
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RATIOS:
Return on average total
assets................... 4.38% 4.02% 3.70% 3.39%
Return on average
stockholders' equity..... 27.56 30.15 25.65 25.67
Average receivables to
average deposits......... 84.61 82.92 87.41 86.93
Stockholders' equity to
total assets............. 17.30 13.42
Loan Portfolio:
Delinquency(b).......... 3.94 4.00
Net credit losses....... 2.19 2.98 2.19 2.72
Managed Loans(c):
Delinquency............. 4.65 4.67
Net credit losses....... 3.88 4.34 3.96 4.37
Net interest margin(d).. 7.10 7.33 7.10 7.54
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MBNA CORPORATION AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS
(dollars in thousands, except per share amounts)
For the Three Months For the Nine Months
Ended September 30, Ended September 30,
2000 1999 2000 1999
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(unaudited)
MANAGED LOAN DATA(c):
At Period End:
Loans held for
securitization......... $ 6,991,585 $ 5,815,060
Loan portfolio.......... 11,053,165 8,875,364
Securitized loans....... 66,626,693 52,662,759
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Total managed loans... $84,671,443 $67,353,183
=========== ===========
Average for the Period:
Loans held for
securitization......... $ 7,900,917 $ 4,322,598 $ 8,334,336 $ 3,917,198
Loan portfolio.......... 9,767,282 9,771,086 9,105,162 10,403,686
Securitized loans....... 60,120,484 51,512,620 57,190,189 48,282,248
----------- ----------- ----------- -----------
Total managed loans... $77,788,683 $65,606,304 $74,629,687 $62,603,132
=========== =========== =========== ===========
For the Period:
Sales and cash advance
volume................. $31,449,996 $27,745,666 $90,809,143 $75,305,998
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BALANCE SHEET DATA AT PERIOD END:
Investment securities and
money market instruments. $ 5,599,474 $ 6,778,901
Loans held for
securitization........... 6,991,585 5,815,060
Credit card loans......... 7,994,814 7,104,049
Other consumer loans...... 3,058,351 1,771,315
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Total loans............. 11,053,165 8,875,364
Reserve for possible
credit losses............ (428,925) (328,095)
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Net loans............... 10,624,240 8,547,269
Total assets.............. 36,344,519 29,547,080
Total deposits............ 21,594,846 17,624,369
Stockholders' equity...... 6,289,240 3,966,163
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MBNA CORPORATION AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS
(dollars in thousands, except per share amounts)
For the Three Months For the Nine Months
Ended September 30, Ended September 30,
2000 1999 2000 1999
------------------------------------------------------------------------------
(unaudited)
AVERAGE BALANCE SHEET DATA:
Investment securities and
money market instruments. $ 5,484,148 $ 5,457,428 $ 4,976,387 $ 5,618,592
Loans held for
securitization........... 7,900,917 4,322,598 8,334,336 3,917,198
Credit card loans......... 7,051,176 8,053,465 6,537,992 8,314,658
Other consumer loans...... 2,716,106 1,717,621 2,567,170 2,089,028
----------- ----------- ----------- -----------
Total loans............. 9,767,282 9,771,086 9,105,162 10,403,686
Reserve for possible
credit losses............ (375,600) (327,877) (367,033) (290,067)
----------- ----------- ----------- -----------
Net loans............... 9,391,682 9,443,209 8,738,129 10,113,619
Total assets.............. 33,457,198 28,779,036 32,101,022 27,811,533
Total deposits............ 20,880,994 16,997,305 19,950,421 16,474,678
Stockholders' equity...... 5,322,244 3,835,340 4,628,491 3,669,629
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Weighted average common
shares outstanding
(000).................... 826,310 801,890 810,053 800,756
Weighted average common
shares outstanding and
common stock equivalents
(000).................... 854,672 838,608 835,213 837,436
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NOTES:
(a)Earnings per common share is computed using net income applicable to
common stock and weighted average common shares outstanding, whereas
earnings per common share-assuming dilution includes the potential dilutive
effect of common stock equivalents. The Corporation's common stock
equivalents are solely related to employee stock options. The Corporation
has no other common stock equivalents.
(b) Loan portfolio delinquency does not include loans held for securitization
or securitized loans.
(c) Managed loans include the Corporation's loans held for securitization,
loan portfolio, and securitized loans.
(d) Managed net interest margin is presented on a fully taxable equivalent
basis.
