Home
Company profile
Corporate Governance
Investor relations
Financial results
Financial highlights
Quarterly reports
Annual reports
Webcasts
Management team
News
Contact us
   
Inquiries:
inquiry@homecapital.com
 
Home Trust Website:
www.hometrust.ca
 

Financial Highlights

 

 

 

 

 

 

 

 

 For theThree Months Ended (Unaudited)

In Thousands of Dollars (Except Per Share and Percentage Amounts)

 

   
March 31
2008
 
Dec. 31
2007 
 
March 31
2007

OPERATING RESULTS

 

 

 

 

 

 

Net Income

$

25,159

$

24,288

$

21,158

Total Revenue

 

106,796

 

105,082

 

81,745

Earnings per Share

- Basic

$

0.73

$

0.70

$

0.62

- Diluted

 

0.72

 

0.70

 

0.61

Return on Shareholders’ Equity

 

27.94%

 

28.87%

 

29.34%

Return on Average Assets

 

1.94%

 

2.01%

 

2.10%

Efficiency Ratio

 

28.41%

 

29.80%

 

27.28%

Efficiency Ratio (TEB)

 

27.89%

 

28.54%

 

26.70%

(Non-interest Expense/Net Interest Income Plus Fee Income) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxable Equivalent Basis (TEB)
Most banks and trust companies analyze and report their financial results on a TEB to provide uniform measurement and comparison of net interest income. Net interest income (as presented in the consolidated statements of income) includes tax-exempt income from certain securities.
The adjustment to TEB increases income and the provision for income taxes to what they would have been had the income from tax-exempt securities been taxed at the statutory tax rate.
The TEB adjustments of $1.0 million for the fi rst quarter ($2.3 million - Q4 2007 and $0.9 million – Q1 2007) increased reported interest income. TEB does not have a standard meaning prescribed by Canadian generally accepted accounting principles (GAAP) and therefore may not be comparable to similar measures used by other companies. Net interest income and income taxes are discussed on a TEB basis throughout this Management’s Discussion and Analysis (MD & A).