Free Historical Stock Data on Wilmington Trust Co
Stock Symbol: WL
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Business Description
Wilmington Trust Corporation is a financial holding company that owns Wilmington Trust Company (WTC), a 43-branch bank in Delaware. Wilmington Trust also owns two other depository institutions: Wilmington Trust of Pennsylvania (WTPA), a Pennsylvania-chartered bank and trust company with four branches, and Wilmington Trust FSB (WTFSB), a federally chartered savings bank with one branch in Maryland, one branch and three sales offices in Florida and trust agency offices in California, Georgia, Nevada and New York. Wilmington Trust also owns Rodney Square Management Corporation, a registered investment adviser; WT Investments, Inc., an investment holding company with interests in six asset management firms; Balentine Holdings, Inc., an investment holding company with interests in three asset management firms, and Wilmington Trust (UK) Limited, an investment holding firm with interests in six international firms providing entity management services.
Financial Information
For the nine months ended 9/30/04, interest income rose 1% to $280.4 million. Net interest income after LLP rose 9% to $206.4 million. Net income rose 11% to $106.6 million. Net interest income reflects an increase in interest earning assets, and improved spreads. Net income also reflects increased advisory fees and service charges on deposit accounts.
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