RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997 - FORM 10-K - EX-99 - EXHIBIT 99 JP MORGAN CHASE & CO FINANCIAL INFORMATION - March 9, 2017

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EX-32.2 - EXHIBIT 32.2 CFO SECTION 906 CERTIFICATION - RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997kepco201610-kexhibit322.htm
EX-32.1 - EXHIBIT 32.1 CEO SECTION 906 CERTIFICATION - RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997kepco201610-kexhibit321.htm
EX-31.2 - EXHIBIT 31.2 CFO SECTION 302 CERTIFICATION - RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997kepco201610-kexhibit312.htm
EX-31.1 - EXHIBIT 31.1 CEO SECTION 302 CERTIFICATION - RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997kepco201610-kexhibit311.htm
EX-12 - EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997kepco201610-kexhibit12.htm
10-K - 10-K KEPCO 12-31-2016 - RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997kepco10-k12312016.htm


Exhibit 99

JPMORGAN CHASE & CO.

The following table sets forth certain summarized financial information of JPMorgan Chase & Co. as of the dates and for the periods indicated. The information presented for the years ended December 31, 2016, 2015, 2014, 2013, and 2012 in accordance with generally accepted accounting principles.

Five-year summary of consolidated financial highlights

As of or for the year ended December 31,
(unaudited)

(in millions, except per share, ratio, headcount data and where otherwise noted)
 
2016
 
2015
 
2014
 
2013
 
2012
Selected income statement data
 
 
 
 
 
 
 
 
 
 
Total net revenue
 
$
95,668

 
$
93,543

 
$
95,112

 
$
97,367

 
$
97,680

Total noninterest expense
 
55,771

 
59,014

 
61,274

 
70,467

 
64,729

Pre-provision profit
 
39,897

 
34,529

 
33,838

 
26,900

 
32,951

Provision for credit losses
 
5,361

 
3,827

 
3,139

 
225

 
3,385

Income before income tax expense
 
34,536

 
30,702

 
30,699

 
26,675

 
29,566

Income tax expense
 
9,803

 
6,260

 
8,954

 
8,789

 
8,307

Net income
 
24,733

 
24,442

 
21,745

 
17,886

 
21,259

Earnings per share data
 
 

 
 

 
 

 
 

 
 

Net income: Basic
 
$
6.24

 
$
6.05

 
$
5.33

 
$
4.38

 
$
5.21

              Diluted
 
6.19

 
6

 
5.29

 
4.34

 
5.19

Average shares: Basic
 
3,618.5

 
3,700.4

 
3,763.5

 
3,782.4

 
3,809.4

              Diluted
 
3,649.8

 
3,732.8

 
3,797.5

 
3,814.9

 
3,822.2

Market and per common share data
 
 

 
 

 
 

 
 

 
 

Market capitalization
 
$
307,295

 
$
241,899

 
$
232,472

 
$
219,657

 
$
167,260

Common shares at period-end
 
3,561.2

 
3,663.5

 
3,714.8

 
3,756.1

 
3,804

Share price:(a)
 
 

 
 

 
 

 
 

 
 

High
 
$
87.39

 
$
70.61

 
$
63.49

 
$
58.55

 
$
46.49

Low
 
52.50

 
50.07

 
52.97

 
44.2

 
30.83

Close
 
86.29

 
66.03

 
62.58

 
58.48

 
43.97

Book value per share
 
64.06

 
60.46

 
56.98

 
53.17

 
51.19

Tangible book value per share (“TBVPS”)(b)

 
51.44

 
48.13

 
44.6

 
40.72

 
38.68

Cash dividends declared per share
 
1.88

 
1.72

 
1.58

 
1.44

 
1.2

Selected ratios and metrics
 
 
 
 
 
 
 
 
 
 
Return on common equity (“ROE”)
 
10
%
 
11
%
 
10
%
 
9
%
 
11
%
Return on tangible common equity (“ROTCE”)(b)

 
13

 
13

 
13

 
11

 
15

Return on assets (“ROA”)
 
1.00

 
0.99

 
0.89

 
0.75

 
0.94

Overhead ratio
 
58

 
63

 
64

 
72

 
66

Loans-to-deposits ratio
 
65

 
65

 
56

 
57

 
61

High quality liquid assets (“HQLA”) (in billions)(c)

 
$
524

 
$
496

 
$
600

 
$
522

 
$
341

Common equity tier 1 (“CET1”) capital ratio(d)
 
12.4
%
 
11.8
%
 
10.2
%
 
10.7
%
 
11.0
%




Tier 1 capital ratio(d)
 
14.1

 
13.5

 
11.6

 
11.9

 
12.6

Total capital ratio(d)
 
15.5

 
15.1

 
13.1

 
14.3

 
15.2

Tier 1 leverage ratio(d)
 
8.4

 
8.5

 
7.6

 
7.1

 
7.1

Selected balance sheet data (period-end)
 
 

 
 

 
 

 
 

 
 

Trading assets
 
$
372,130

 
$
343,839

 
$
398,988

 
$
374,664

 
$
450,028

Securities
 
289,059

 
290,827

 
348,004

 
354,003

 
371,152

Loans
 
894,765

 
837,299

 
757,336

 
738,418

 
733,796

Core Loans
 
806,152

 
732,093

 
628,785

 
583,751

 
555,351

Average core loans
 
769,385

 
670,757

 
596,823

 
563,809

 
534,615

Total assets
 
2,490,972

 
2,351,698

 
2,572,274

 
2,414,879

 
2,358,323

Deposits
 
1,375,179

 
1,279,715

 
1,363,427

 
1,287,765

 
1,193,593

Long-term debt(e)
 
295,245

 
288,651

 
276,379

 
267,446

 
248,521

Common stockholders’ equity
 
228,122

 
221,505

 
211,664

 
199,699

 
194,727

Total stockholders’ equity
 
254,190

 
247,573

 
231,727

 
210,857

 
203,785

Headcount
 
243,355

 
234,598

 
241,359

 
251,196

 
258,753

Credit quality metrics
 
 

 
 

 
 

 
 

 
 

Allowance for credit losses
 
$
14,854

 
$
14,341

 
$
14,807

 
$
16,969

 
$
22,604

Allowance for loan losses to total retained loans
 
1.55
%
 
1.63
%
 
1.90
%
 
2.25
%
 
3.02
%
Allowance for loan losses to retained loans excluding purchased credit-impaired loans(f)
 
1.34

 
1.37

 
1.55

 
1.80

 
2.43

Nonperforming assets
 
$
7,535

 
$
7,034

 
$
7,967

 
$
9,706

 
$
11,906

Net charge-offs
 
4,692

 
4,086

 
4,759

 
5,802

 
9,063

Net charge-off rate
 
0.54
%
 
0.52
%
 
0.65
%
 
0.81
%
 
1.26
%
____________________________ 
Note: Effective January 1, 2016, the Firm adopted new accounting guidance related to (1) the recognition and measurement of debit valuation adjustments (“DVA”) on financial liabilities where the fair value option has been elected, and (2) the accounting for employee stock-based incentive payments. For additional information, see Accounting and Reporting Developments on pages 135–137 and Notes 3, 4 and 25.
(a)
Share prices are from the New York Stock Exchange.
(b)
TBVPS and ROTCE are non-GAAP financial measures. For further discussion of these measures, see Explanation and Reconciliation of the Firm’s Use of Non-GAAP Financial Measures and Key Financial Performance Measures on pages 48–50.

(c)
HQLA represents the amount of assets that qualify for inclusion in the liquidity coverage ratio under the final U.S. rule (“U.S. LCR”) for December 31, 2016 and 2015, and the Firm’s estimated amount for December 31, 2014 prior to the effective date of the final rule, and under the Basel III liquidity coverage ratio (“Basel III LCR”) for prior periods. For additional information, see HQLA on page 111.
(d)
Ratios presented are calculated under the Basel III Transitional rules, which became effective on January 1, 2014, and for the capital ratios, represent the Collins Floor. Prior to 2014, the ratios were calculated under the Basel I rules. See Capital Risk Management on pages 76-85 for additional information on Basel III.

(e)
Included unsecured long-term debt of $212.6 billion, $211.8 billion, $207.0 billion, $198.9 billion and $200.1 billion respectively, as of December 31, of each year presented.

(f)
Excluded the impact of residential real estate purchased credit-impaired (“PCI”) loans, a non-GAAP financial measure. For further discussion of these measures, see Explanation and Reconciliation of the Firm’s Use of Non-GAAP Financial Measures and Key Performance Measures on pages 48-50. For further discussion, see Allowance for credit losses on pages 105-107.