July 25, 2014 9:56 AM ET

Banks

Company Overview of CapitalSource Inc.

Company Overview

CapitalSource Inc., through its subsidiaries, provides financial products to small and middle market businesses in the United States. The company operates through two segments, the Bank and Other Commercial Finance. It offers depository products and services, such as savings and money market accounts, individual retirement accounts, and certificates of deposit to consumers. The company also provides senior secured real estate and asset-based loans, and cash flow loans, which have a first priority lien in the collateral securing the loan. Its asset-based loans are collateralized by specified assets of the client, primarily the client’s accounts/notes receivable, inventory, and machinery; and ...

633 West 5th Street

33rd Floor

Los Angeles, CA 90071

United States

Founded in 2000

495 Employees

Phone:

213-443-7700

Key Executives for CapitalSource Inc.

President
Age: 51
Chief Financial Officer
Age: 48
Chairman of Capitalsource Bank
Age: 62
President of the Healthcare Real Estate Business
Age: 50
Chief Credit Officer and Executive Vice President
Age: 53
Compensation as of Fiscal Year 2014.

CapitalSource Inc. Key Developments

CapitalSource Inc. Announces Quarterly Cash Dividend for the First Quarter of 2014, Payable on or about February 27, 2014

CapitalSource Inc. announced a quarterly cash dividend of $0.01 per share on its common stock for the first quarter of 2014. The dividend will be payable on or about February 27, 2014 to shareholders of record on February 24, 2013. The ex-dividend date will be February 20, 2014.

CapitalSource Inc., Q4 2013 Earnings Call, Jan 23, 2014

CapitalSource Inc., Q4 2013 Earnings Call, Jan 23, 2014

CapitalSource Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Net Charge Offs for the Fourth Quarter of 2013

CapitalSource Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net interest income of $94,451,000 compared to $96,049,000 a year ago. Net income before income taxes was $86,150,000 compared to $58,300,000 a year ago. Net income was $57,923,000 or $0.29 diluted per share compared to $47,076,000 or $0.22 diluted per share a year ago. Return on average assets was 2.60% compared to 2.17% a year ago. Return on average equity was 14.26% compared to 10.97% a year ago. Net income was decrease of $0.8 million from the prior quarter, due primarily to increases in loan and lease loss provision and REO related expenses partially offset by a $5 million increase in loan fee income. Book value per share was $8.31 at the end of the quarter, an increase of $0.22 from the prior quarter. For the year, the company reported net interest income of $373,388,000 compared to $388,807,000 a year ago. Net income before income taxes was $246,329,000 compared to $205,529,000 a year ago. Net income was $164,292,000 or $0.82 diluted per share compared to $490,610,000 or $2.13 diluted per share a year ago. Return on average assets was 1.90% compared to 5.80% a year ago. Return on average equity was 10.41% compared to 30.25% a year ago. For the fourth quarter of 2013, the company reported charge-offs, net of $508,000 compared to $977,000 a year ago.

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