Hatteras

Income Statement

HATTERAS FINANCIAL CORP. (NYSE - HTS)

	2009 Y	2010 Y	2011 Y	2012 Y
Period Ended	12/31/2009	12/31/2010	12/31/2011	12/31/2012
Interest Revenue ($000)
Interest and Dividends on Securities	282,344	263,751	424,713	504,800
Other Interest Income	771	1,265	1,407	1,508
Interest Income	283,115	265,016	426,120	506,308

Interest Expense ($000)
Interest Expense on Repurchase Agreements	96,267	95,923	144,662	197,064
Interest Expense	96,267	95,923	144,662	197,064

Other Revenues ($000)
Revenue	186,848	182,644	302,034	373,591

Other Expenses ($000)
Compensation & Benefits	1,296	1,432	1,150	1,920
Advisory Fees	8,677	9,205	13,787	17,420
Other Expense	2,475	2,507	2,724	5,006
Total Noninterest Expense	12,448	13,144	17,661	24,346
Total Expense	12,448	13,144	17,661	24,346

Net Income ($000)
Net Income before Taxes	174,400	169,500	284,373	349,245
Net Income before Extra	174,400	169,500	284,373	349,245
Net Income	174,400	169,500	284,373	349,245
Net Income Attributable to Parent	174,400	169,500	284,373	349,245
Net Income Avail to Common	174,400	169,500	284,373	341,694

Comprehensive Income ($000)
Net Income	174,400	169,500	284,373	349,245
Preferred Dividend Adjustment to Comprehensive Inc	0	0	0	0
Change in Unrealized Gain	156,090	(34,898)	223,333	115,008
Change in Fair Value of Effective Hedges	26,754	(11,934)	(155,902)	(25,476)
Total Other Comprehensive Income	182,844	(46,832)	67,431	89,532
Comprehensive Income	357,244	122,668	351,804	438,777
Comprehensive Income: Parent Company	357,244	122,668	351,804	438,777

Income Ratios (%)
Compensation / Total Revenue	0.69	0.78	0.38	0.51

Per Share Information ($)
Basic EPS before Extra	4.82	4.30	3.97	3.67
Basic EPS after Extra	4.82	4.30	3.97	3.67
Avg Basic Shares Out	36,195,840	39,454,362	71,708,058	93,185,520
Diluted EPS before Extra	4.82	4.30	3.97	3.67
Diluted EPS after Extraordinary	4.82	4.30	3.97	3.67
Common Dividends Declared per Share	4.50	4.40	3.90	3.30
Avg Diluted Shares Out (actual)	36,216,365	39,454,362	71,708,058	93,185,520


Copyright 2013, © SNL Financial LC Terms of Use