Company Profile For CapitalSource Inc.

CapitalSource Inc. (CSE.N) (New York Stock Exchange)
sector: Financials · industry: Banks ·
As of  25 Nov 2009
3.79USD
Price Change
-0.04
Percent Change
-1.04%
 
 
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Overview

CapitalSource Inc. is a commercial lender that provides financial products to middle market businesses. Through its wholly owned subsidiary, CapitalSource Bank, the Company provides depository products and services in southern and central California. It operates through three segments. The Commercial Banking segment comprises the Company’s commercial lending and banking business activities. The Healthcare Net Lease segment comprises its direct real estate investment business activities. The Residential Mortgage Investment segment comprises the Company’s remaining residential mortgage investment and other investment activities, in which it formerly engaged to optimize its qualification as a real estate investment trust. In July 2008, the Company acquired approximately $5.2 billion of deposits, the commercial real estate participation interest (the A Participation Interest) and 22 retail banking branches from Fremont Investment & Loan and commenced operations of CapitalSource Bank.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, CapitalSource Inc.'s interest income fell 24% to $771.8M. Net interest loss after loan loss provision totaled $155.9M vs. an income of $350.5M. Net loss totaled $625.1M vs. an income of $81M. Net interest income reflects lower interest income on loans and higher loan loss provision. Net loss also reflects a rise in professional fees and an increase in other administrative expenses.

Company Address

CapitalSource Inc.
4445 Willard Avenue
12th Floor
Chevy Chase   MD   20815
P: +1800.3709431

Total Employees

716

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