Exhibit 99
MBNA CORPORATION AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS
(dollars in thousands, except per share amounts)
For the Three Months For the Six Months
Ended June 30, Ended June 30,
2000 1999 2000 1999
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(unaudited)
INCOME STATEMENT DATA FOR THE PERIOD:
Net interest income........ $ 268,313 $ 267,061 $ 551,384 $ 493,842
Provision for possible
credit losses............. 89,301 129,756 189,147 214,220
Other operating income..... 1,193,371 1,028,532 2,304,407 1,932,262
Other operating expense.... 911,339 798,823 1,826,649 1,544,396
Net income............... 285,386 227,182 519,957 413,175
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PER COMMON SHARE DATA FOR THE PERIOD:
Earnings(a)................ $ .35 $ .28 $ .64 $ .51
Earnings-assuming
dilution(a)............... .34 .27 .62 .49
Dividends.................. .08 .07 .16 .14
Book value................. 5.29 4.44
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RATIOS:
Return on average total
assets.................... 3.63% 3.28% 3.33% 3.05%
Return on average
stockholders' equity...... 26.36 24.68 24.44 23.24
Average receivables to
average deposits.......... 87.29 93.86 88.93 89.06
Stockholders' equity to
total assets.............. 13.88 13.48
Loan Portfolio:
Delinquency(b)........... 3.77 4.17
Net credit losses........ 2.07 2.75 2.18 2.60
Managed Loans(c):
Delinquency.............. 4.44 4.64
Net credit losses........ 3.95 4.41 4.01 4.39
Net interest margin(d)... 7.12 7.70 7.11 7.65
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MBNA CORPORATION AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS
(dollars in thousands, except per share amounts)
For the Three Months For the six Months
Ended June 30, Ended June 30,
2000 1999 2000 1999
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(unaudited)
MANAGED LOAN DATA(c):
At Period End:
Loans held for
securitization.......... $ 7,426,197 $ 5,410,118
Loan portfolio........... 9,695,285 9,931,874
Securitized loans........ 59,211,174 49,182,696
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Total managed loans.... $76,332,656 $64,524,688
=========== ===========
Average For the Period:
Loans held for
securitization.......... $ 7,631,360 $ 5,276,424 $ 8,553,426 $ 3,711,138
Loan portfolio........... 9,597,259 10,284,580 8,770,465 10,725,229
Securitized loans........ 56,832,969 47,493,415 55,708,941 46,640,292
----------- ----------- ----------- -----------
Total managed loans.... $74,061,588 $63,054,419 $73,032,832 $61,076,659
=========== =========== =========== ===========
For the Period:
Sales and cash advance
volume.................. $31,098,301 $25,929,706 $59,359,147 $47,560,332
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BALANCE SHEET DATA AT PERIOD END:
Investment securities and
money market instruments.. $ 4,853,478 $ 4,996,397
Loans held for
securitization............ 7,426,197 5,410,118
Credit card loans.......... 6,791,080 7,879,505
Other consumer loans....... 2,904,205 2,052,369
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Total loans.............. 9,695,285 9,931,874
Reserve for possible
credit losses............. (375,300) (326,897)
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Net loans................ 9,319,985 9,604,977
Total assets............... 32,137,558 27,995,770
Total deposits............. 20,439,846 16,377,482
Stockholders' equity....... 4,459,772 3,773,430
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MBNA CORPORATION AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS
(dollars in thousands, except per share amounts)
For the Three Months For the Six Months
Ended June 30, Ended June 30,
2000 1999 2000 1999
------------------------------------------------------------------------------
(unaudited)
AVERAGE BALANCE SHEET DATA:
Investment securities and
money market instruments.. $ 4,564,462 $ 4,739,828 $ 4,719,717 $ 5,700,510
Loans held for
securitization............ 7,631,360 5,276,424 8,553,426 3,711,138
Credit card loans.......... 6,849,599 8,269,829 6,278,580 8,447,420
Other consumer loans....... 2,747,660 2,014,751 2,491,885 2,277,809
----------- ----------- ----------- -----------
Total loans.............. 9,597,259 10,284,580 8,770,465 10,725,229
Reserve for possible
credit losses............. (369,405) (314,618) (362,702) (270,848)
----------- ----------- ----------- -----------
Net loans................ 9,227,854 9,969,962 8,407,763 10,454,381
Total assets............... 31,634,728 27,814,846 31,415,482 27,319,764
Total deposits............. 19,736,843 16,579,726 19,480,022 16,209,034
Stockholders' equity....... 4,354,457 3,692,566 4,277,803 3,585,400
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Weighted average common
shares outstanding
(000)..................... 801,821 801,803 801,835 800,180
Weighted average common
shares outstanding and
common stock equivalents
(000)..................... 826,308 838,771 825,376 836,840
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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.
