Bankers Trust Corp. said operating profits rose 7%, to $228 million, in
Earnings per share of $2.06, excluding a one-time charge, beat Wall
"Asia was somewhat visible but not a disaster," said Judah Kraushaar, an
The $172 billion-asset banking company said net income fell 23%, to $164
The New York company took a $60 million provision for Asian credit
Those losses were offset by strong results in investment banking, asset
Corporate finance fees surged 45%, to $392 million. Fees from investment
Frank N. Newman, chairman and chief executive officer, said the jump in
Analysts said the momentum is likely to continue.
"Natwest is going to be a good booster," said Steven Biggar, an analyst
The bank's private-client services group doubled its net income, to $26
Bankers Trust's Australia and New Zealand businesses also did well,
Analysts said they were pleased with the results in Bankers Trust's core
"We are reasonably optimistic that Bankers Trust's losses in Asia will
The bank said it reduced its credit exposure in Indonesia, Thailand, and
Bankers Trust Corp.
New York
Dollar amounts in millions (except per share)
Second Quarter 2Q98 2Q97
Net income $164.0 $213.0
Per share 1.46 1.89
ROA 0.38% 0.65%
ROE 12.10% 15.60%
Net interest margin 1.12% 1.36%
Net interest income 366.0 340.0
Noninterest income 1,242.0 1,194.0
Noninterest expense 1,320.0 1,225.0
Loss provision 60.0 0.0
Net chargeoffs 55.0 2.0
Year to Date 1998 1997
Net income $386.0 $413.0
Per share 3.46 3.65
ROA 0.48% 0.65%
ROE 14.40% 15.20%
Net interest margin 1.28% 1.38%
Net interest income 768.0 671.0
Noninterest income 2,533.0 2,260.0
Noninterest expense 2,645.0 2,329.0
Loss provision 120.0 0.0
Net chargeoffs 106.0 17.0
Balance Sheet 6/30/98 6/30/97
Assets $172,311.0 $131,367.0
Deposits 46,543.0 38,430.0
Loans 22,233.0 19,000.0
Reserve/nonp. loans 264% 251%
Nonperf. loans/loans 1.10% 1.50%
Nonperf. assets/assets 0.50% 0.40%
Nonperf. assets/loans + OREO 4.00% 2.70%
Leverage cap. ratio 3.70%(a) 5.00%
Tier 1 cap. ratio 8.00%(a) 9.20%
Tier 1+2 cap. ratio 14.00%(a) 14.80%
(a) estimated