Forbes.com Company Details: Providian Financial Corp


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Providian Financial Corp

Ticker: PVN	Industry: Regional Banks
Exchange: NYSE	Sector: Financial

Fri Sep 06 2002 16:02 EDT | 15 min quote delay

Price	Change	%Change	Open	High	Low	Volume
5.72	.2100	3.81	5.65	5.79	5.53	2,122,300

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Background

PVN, a consumer lender, offers a range of lending products, including credit cards and a variety of fee-based products & services. For the 6 months ended 6/30/02, int. income fell 33% to $936.7M. Net interest loss after loan loss prov. totaled $426.8M vs. an income of $164.6M. Net income from cont. ops. before accounting change fell 80% to $96.8M. Net interest income reflects lower loans & a higher loss prov. Net income reflects lower fee income.

52-Week High	27.50	52-Week Low	2.00
YTD %Change	55.21	Avg Vol(3 mo.)¹	3.15
P/E (TTM)	NM	Earn/Shr ($)	-0.86
Ex-Div Amt. ($)	0.03	Div/Yield %	2.18
Shares Out¹	288.97	Market Cap¹	1,592.21
Ex-Div Date	Aug 29, 2025	Float¹	286.60

Financials & Ratios
Key Ratios & Statistics

Price/Revenue (TTM)	0.75
P/E (TTM)	NM
Price/Book (MRQ)	0.77
Price/Cash Flow (TTM)	NM
ROA (TTM)	-1.22
ROE (TTM)	-11.23
Current Ratio (MRQ)	NM
Total Debt/Equity (MRQ)	NM
Cash Per Share ($)	1.33
Book Value/Share ($)	7.20

TTM: trailing 12 months MRQ: most recent quarter
Short Interest

Current Month*	9.67
Previous Month*	8.59
Short Interest Ratio	2.70

Institutional & Insider Ownership

(Units in Millions of Shares)

Purchases

Sale

Net Purch

Institutions

35.82

29.58

6.24

Insiders

0.18

0.00

0.18

Institutional data based on company's quarterly reporting,
insiders on a 6-month rolling basis.

Revenues

(Units in Thousands of U.S. Dollars $)

Quarter

2001

2002

711,989

532,335

691,162

404,393

644,889

539,675

Total

2,587,715

936,728

Earnings Per Share

(Units in U.S. Dollars $)

Quarter

2001

2002

0.80

0.02

0.82

0.31

0.20

-1.39

Total

0.43

0.33

Earnings per share data excludes extraordinary items

Earnings estimates

Q3 2002	0.04*
FY 2002	0.20**

Earnings estimates from First Call. Data includes extraordinary items
* based on estimates from 20 brokers. ** based on estimates from 20 brokers.

Growth Rates
	1 Year	5 Year

Revenue %	-3.67	34.67
EPS %	-79.11	-2.85
Divdend %	-14.29	28.12

Corporate Events (All Times Eastern)

Audio webcast
available where indicated

Mon Oct 21 2002 TNS ³

Q3 2002 Providian Financial Earnings Release

¹ BMO: Before Market Open ² AMC: After Market Close
³ TNS: Time Not Specified ⁴ DNS: Date Not Specified

Full list of events

News
09.03.02	Citi's Party Is Over, Prudential Analyst Says
08.20.02	Household probed by Washington prosecutors

Equity:
Common Stock $.01 Par, 6/02, 800M auth., 290,565,452 issd., less 1,492,394 shares in Treas. @ $76.7M. Insiders own 4% (includes 9.2M options). 4/97, Co. formed through spin-off from Providian Corp. (Basis: 1 Com. for each Providian Corp. shs.). 12/00, 2-for-1 stock split. *NOTE: FY'99 & '00 fncls. are and FY'01 Q's being restated due to disc. op.

Analyst Footnotes:
12/98, 3-for-2 stock split. All share amounts prior to IPO are pro-forma. Cumulative Pref Stock, $1 Par, 63,269 auth., 63,269 issd. & o/s. FY'95 & '96 financials are reclass.

NM: not meaningful

¹ Units in millions

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Company Data
	201 Mission Street San Francisco, CA 94105 Phone: (415) 543-0404 Fax: (415) 278-6028

Forbes Lists
	500s: 2002 400 Best Big Companies: 2001
See all Forbes lists

Officers
	Joseph W Saunders
	Anthony Vuoto
	Chaomei Chen
	Susan Gleason
	James G Jones
	Warren Wilcox
	James V Elliott
	Richard D Field
	J. David Grissom
	Robert J Higgins
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Additional Company Info
	News Events Executives Annual Reports


			Market data provided by Reuters. Disclaimer Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. U.S. indexes are delayed at least 15 minutes with the exception of S&P; 500 which is real-time. Mutual Fund data provided by Morningstar Forbes 40 Index powered by Telemet. News may include latest headlines from Reuters. Fundamental company data from MarketGuide. Earnings dates and conference call data provided by StreetEvents, a service of CCBN.com. 2001 CCBN.com, Inc. All rights reserved.