Weekly profile.INDYMAC BANCORP INC. (NDE) Business Overview IndyMac Bancorp Inc. (IndyMac), a holding company for IndyMac Bank F.S.B., is a Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. (FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). ) insured savings and loan association savings and loan association, type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The first U.S. savings and loan association was founded in 1831. . IndyMac is in the business of designing, manufacturing and distributing cost-efficient financing for the acquisition, development and improvement of single-family homes. IndyMac also provides financing secured by single-family homes to facilitate consumers' personal financial goals, and strategically invests in single-family related assets. IndyMac's mortgage products and services are tailored to meet the needs of both consumers and businesses. IndyMac's operating activities primarily consist of three broad categories: mortgage-banking activities, investing activities and home equity lines of credit (HELOC HELOC Home Equity Line Of Credit ) activities. On July 16, 2004, IndyMac completed the acquisition of Financial Freedom Holdings Inc. (FFHI), the provider of reverse mortgages in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . Income Statement LTM * 2006 ** Revenue (billions) $1.75 $1.75 Operating Income (millions) 557 557 Net Income (millions) 343 343 EPS $4.82 $4.82 Summary Headquarters: Pasadena Market Cap: $2.2 billion Dividend Yield: 6.50% P/E Ratio: 6.37 * Latest Twelve Months Ending 12/2006 ** Fiscal Year Ending 12/2006 |
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