and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE PRESS RELEASE 1st Quarter 4th Quarter 2004 2003 NON-GAAP MEASURES PRESENTED IN THE PRESS RELEASE (Dollars in thousands) Return on average total assets
The two denominators, total assets and average total assets
, can be compared.
The ABA study rated the banks by return on average total equity ("ROAE"), with return on average total assets
used as a secondary ranking criterion.
Nevertheless, our revenue generating capacity and underlying profitability metrics remain strong with our operating profits before provisions to average total assets
ratio consistently remaining above our peers.
defines ROA as "net income after taxes and extraordinary items [annualized] as a percent of average total assets
With 26 US offices, as well as offices in international markets such as India and China, SVB Financial Group, the parent company of Silicon Valley Bank, had average total assets
The annualized return on average Total Assets
stood at 2.
These increases were the result of higher average loans and reduced average balances of cash equivalents and investment securities, resulting in an improved net interest margin on average total assets
The returns on average total assets
and average stockholders' equity were 1.
Return on average total assets
and return on equity during the quarter stood at 1.