| Business Summary | | Metris
Companies,
Inc.
and
its
subsidiaries
is
an
information-based
direct
marketer
and
provider
of
consumer
lending
products
and
enhancement
services,
primarily
to
moderate-income
consumers.
The
Company's
consumer
lending
products
are
primarily
unsecured
and
secured
credit
cards
issued
by
its
subsidiary,
Direct
Merchants
Credit
Card
Bank,
National
Association.
Its
customers
and
prospects
include
individuals
for
whom
credit
bureau
information
is
available
and
persons
identified
through
other
third-party
sources
including
customer
lists
and
databases.
The
Company
operates
in
two
business
segments,
Consumer
Lending
Products
and
Enhancement
Services,
which
include
debt
waiver
programs,
membership
clubs,
extended
service
plans
and
third-party
insurance
offered
to
its
credit
card
customers,
as
well
as
customers
of
third
parties
and
the
broad
market. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Metris
is
an
information-based
direct
marketer
of
consumer
credit
products
and
fee-based
enhancement
services.
For
the
six
months
ended
6/30/01,
interest
income
rose
60%
to
$341.9
million.
Net
interest
income
after
LLP
totaled
$47.4
million,
vs.
a
loss
of
$25.3
million.
Earnings
applicable
to
Common
before
accnt.
change
rose
18%
to
$101.8
million.
Results
reflect
higher
managed
loan
and
credit
card
accounts,
and
increased
debt
waiver
product
sales,
partially
offset
by
increased
compensation
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Ronald Zebeck, 46 Chairman,
CEO | $3.4M | $48M | David Wesselink, 58 Vice
Chairman | 1.6M | -- | Benson Woo, 46 CFO | -- | -- | Jean Benson, 33 Exec.
VP-Fin., Controller | -- | -- | Joseph Hoffman, 43 Exec.
VP, Consumer Credit Card Marketing/Operations | 939K | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|