WACHOVIA CORP NEW (WB) [Rocket]

In millions, except per share items	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03	Dec-31-02	Dec-31-01	Dec-31-00
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income on loans	31,258	21,976	13,970	9,858	9,507	10,296	10,537	11,246
Total interest income	42,231	32,265	23,689	17,288	15,080	15,632	16,100	17,534
Interest expense:
Interest on deposits	12,961	9,119	5,297	2,853	2,360	3,430	4,744	5,269
Interest on borrowings	11,140	7,897	4,711	2,474	2,113	2,247	3,581	4,828
	24,101	17,016	10,008	5,327	4,473	5,677	8,325	10,097
Net interest income	18,130	15,249	13,681	11,961	10,607	9,955	7,775	7,437
Provision for loan losses	2,261	434	249	257	586	1,479	1,947	1,736
Net interest income after provision for loan losses	15,869	14,815	13,432	11,704	10,021	8,476	5,828	5,701
Deposit and loan fees	2,686	2,480	2,151	1,978	1,731	1,698	1,361	1,142
Gain on sale of investments, net	-278	118	89	-10	45	169	-67	-1,125
Other non-interest income	-481	2,667	1,624	889	1,378	1,016	856	1,702
Total non-interest income	1,927	5,265	3,864	2,857	3,154	2,883	2,150	1,719
Non-interest expenses	19,822	17,596	15,951	14,666	13,280	11,693	9,831	11,710
Pre-tax income	8,773	11,470	9,462	7,633	6,080	4,667	2,293	703
Income taxes	2,461	3,725	3,033	2,419	1,833	1,088	674	565
Tax rate	28.1%	32.5%	32.1%	31.7%	30.1%	23.3%	29.4%	80.4%
Minority interest	571	414	342	184	143	6
Earnings from continuing ops	6,312	7,745	6,429	5,214	4,259	3,560	1,613	92
Earnings from discontinued ops		46	214
Net income	6,312	7,791	6,643	5,214	4,259	3,560	1,613	92
Net margin	35.5%	38.8%	38.4%	35.8%	32.3%	31.3%	20.2%	1.2%

Basic EPS	$3.31	$4.69	$4.13	$3.87	$3.21	$2.63	$1.47	$0.09
Diluted EPS	$3.26	$4.61	$4.06	$3.81	$3.18	$2.60	$1.46	$0.09

Shares outstanding (basic)	1,907	1,651	1,556	1,346	1,325	1,356	1,096	971
Shares outstanding (diluted)	1,934	1,681	1,585	1,370	1,340	1,369	1,105	974

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.