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Home > Company Index > Banking > Banking - West > IndyMac Bancorp, Inc.

IndyMac Bancorp, Inc.
NYSE: NDE
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 NEWS FROM THE WIRES
IndyMac second quarter earnings up 36 percent
Jul 19 2001 06:40 AM PDT

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 PROFILE
IndyMac Bancorp is revving its mortgage engines. The company, formed in the merger of SGV Bancorp and IndyMac Mortgage Holdings (which gave up its REIT status) focuses primarily on mortgages, although it also offers retail banking services through 10 IndyMac Bank (formerly First Federal Savings & Loan of San Gabriel Valley) locations in Southern California. The company's B2B (business-to-business) unit originates and purchases mortgages from mortgage brokers, mortgage bankers, and community banks. Subsidiary IndyMac Bank Home Lending offers residential mortgages directly to consumers. The company has also launched its LoanWorks unit to provide real estate agents with access to mortgage services online.

 COMPETITION
Countrywide Credit Industries, Inc. (CCR)
HomeSide International, Inc. (dossier)
Wells Fargo & Company (WFC)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 636.40
1-Yr. Sales Growth: 80.5%
Employees: 1,746
Revenue per employee: $364,490.26

 KEY PEOPLE
• Michael W. Perry
    CEO
• Carmella L. Grahn
    CFO

 CONTACT INFO
155 N. Lake Ave.
Pasadena, CA 91101
US
Phone: 626-535-5901
Fax: 626-535-8203
Online: Web Site

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