| English term or phrase: annualized return on average tangible shareholders’ equity | Net income for the fourth quarter of 2001 totaled $287.7 million, or $.63 per diluted share, excluding $9.8 million in net after-tax nonrecurring items associated primarily with recently completed mergers.
Cash basis operating results, which exclude the effects of intangible assets and the related amortization expenses, also reflected double-digit growth in the fourth quarter of 2001 compared to 2000.
Cash basis earnings, excluding nonrecurring items, totaled $304.5 million for the fourth quarter of 2001, or $.66 per diluted share, increases of 14.6% and 13.8%, respectively, compared to results for 2000.
Cash basis earnings for the current quarter produced an annualized return on average tangible assets of 1.73%, and an annualized return on average tangible shareholders’ equity of 22.87%. |
|  Silvia M.KudoZ activityQuestions: 100 (none open) ( 10 without valid answers) ( 1 closed without grading) Answers: 8
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The translation workplace 
peer agreement (net): +3
