First Chicago NBD Financial Reports and News

First Chicago NBD, a major banking institution, released its financial reports, showcasing significant growth in assets and deposits. The bank's assets increased by 15% in the last quarter, a notable achievement.

The bank's financial reports highlighted a substantial rise in deposits, which grew by 20% over the same period. This increase in deposits indicates a growing trust in the bank among its customers.

First Chicago NBD's financial reports also mentioned the bank's efforts to expand its services, including the introduction of new digital banking platforms. This move aims to enhance customer convenience and experience.

First Chicago NBD Corp's financial health is a key aspect of their overall performance. The company reported a net interest income of $20 on page 20 of their 10-K405 filing.

Their noninterest income was $21, as stated on page 21. This revenue stream is crucial for their overall profitability.

Here's a breakdown of their financial performance:

Their financial review highlights their ability to manage liquidity and credit risks. The company's liquidity risk management is discussed on page 25, while their credit risk management is detailed on page 31.

In the NBD Corp. v. Department of State Revenue case, the court ruled that a company's financial report must accurately reflect its financial position. This case highlights the importance of accurate financial reporting.

The court found that NBD Corp. had engaged in a series of transactions to artificially inflate its profits, which were not reflected in its financial reports. This led to a significant discrepancy between the company's reported profits and its actual financial position.

Accurate financial reporting is crucial for investors, creditors, and other stakeholders who rely on financial reports to make informed decisions. Inaccurate financial reporting can lead to financial losses and damage to a company's reputation.

The NBD Corp. case demonstrates the consequences of inaccurate financial reporting and the importance of transparency in financial reporting.

The 10-K405 for 12/31/96 is a comprehensive financial report filed by First Chicago NBD Corp. It's a 77-page document that provides a detailed overview of the company's financial performance and operations.

The report is divided into several sections, including Item 1. Business, which describes the company's business, competition, and supervision and regulation. Item 2. Properties is also included, but it's only one page long.

First Chicago NBD Corp had 15,520K employees as of 12/31/96, according to the report. The company's business segments include financial review, selected financial data, and business segments.

Here are some key financial metrics from the report:

The report also includes information on risk management, liquidity risk management, and market risk management. The company's loan composition and derivative financial instruments are also detailed in the report.

First Chicago NBD Corp had $43 in interest income as of 12/31/96. The report also includes notes to consolidated financial statements and a report of management on responsibility for financial reporting.

The Cost Basis Ref-Sheet is a game-changer for anyone trying to navigate the complexities of financial reports.

This handy sheet provides detailed information on dividend dates, amounts, and prices for stocks like First Chicago, First Chicago NBD, JP Morgan, and Bank One.

You can find the exact date and amount of dividends paid, which is essential for accurate cost basis calculations.

The Ref-Sheet also shows the price of the stock when the dividend was paid, giving you a clear picture of the transaction.

It's a valuable resource for investors who need to track mergers, stock splits, and spin-offs.

Having access to this information can save you time and reduce errors in your financial calculations.

The First Chicago NBD Corp. has impressive assets of $122 billion.

The estimated current value of stock options granted to the CEO is based on a 5 percent annual rate of stock price growth.

Investors who purchased shares for $1,000 a year ago would have seen a significant increase in value, assuming reinvestment of dividends on a quarterly basis.

The company's assets are substantial, with a total value of $122 billion.