| CapitalSource Inc. |
4445 Willard Ave.
Chevy Chase, Md. 20815
Year founded: 2000
Industry: Financial services
Revenue: $225.77 Million
Net Income/Loss: $107.77 Million
Earnings per share: $1.01
Stockholder equity: $867.13 Million
Auditor: Ernst & Young LLP
Assets: $2.57 Billion
Market capitalization: $2.65 Billion
52-week high: 24.5 3/8/2004
52-week low: 14.5 8/6/2003
Chairman and CEO: John K. Delaney
President: Jason M. Fish
Local employees: 200
Description: CapitalSource is a commercial lender that makes loans to small and mid-sized health care, real estate and finance firms and others.
Developments: Capital Source took advantage of last year's improving market for initial public offerings, netting $242 million through an August IPO. The company posted solid results for the year. Earnings jumped and the loan portfolio grew 125 percent to $2.4 billion. Capital Source, founded in September 2000 by two experienced health care funders, last year brought on Thomas Fink, a former treasurer at US Airways, as chief financial officer. The company sold an equity investment in MedCap Properties in October for more than $16 million. In early 2004, Capital Source shareholders sold another 20 million shares, collecting $430 million.
© 2004 The Washington Post Company