Stock Symbol: NDE

Receive a complete Daily History of this Stock You can receive a complete daily file of this issue since 1970 or stock inception. We will email you the file in ASCII format within a few hours or ordering. Product Details | Order

Business Description
IndyMac Bancorp, Inc. is the holding company for IndyMac Bank, F.S.B., a Federal Deposit Insurance Corporation-insured savings and loan association. IndyMac is in the business of design, manufacturing and distribution of cost-efficient financing for the acquisition, development and improvement of single-family homes. IndyMac also provides financing secured by single-family homes to facilitate consumers' personal financial goals, and strategically invests in single-family-related assets. The Company facilitates the acquisition, development and improvement of single-family homes through electronic mortgage information and transaction system (e-MITS) platform that automates underwriting, risk-based pricing and ratelocking on a nationwide basis via the Internet. IndyMac's mortgage products and services are tailored to meet the needs of both consumers and businesses.

Financial Information
For the nine months ended 9/30/04, total interest income rose 35% to $551.9 million. Net interest income after loan loss provision rose 50% to $295.3M. Net income fell 10% to $114.6 million. Net interest income reflects higher interest earning assets and lower provision for loan losses. Net income was offset by higher salaries related and data processing expenses.