Bear Stearns

THE BEAR STEARNS COMPANIES INC. (UNAUDITED) (In thousands, except common share data, financial ratios, and other data)
	Fiscal Years Ended
	November 30, 2007		November 30, 2006		November 30, 2005		November 30, 2004
Results
Revenues, net of interest expense	$	5,945	$	9,227	$	7,411	$	6,813
Net income	$	233	$	2,054	$	1,462	$	1,345
Net income applicable to common shares	$	212	$	2,033	$	1,438	$	1,317
Financial Position
Total assets, at period end	$	397,091 ⁽¹⁾	$	350,433	$	287,293	$	252,113
Stockholders' equity, at period end	$	11,801	$	12,129	$	10,791	$	8,991
Total capital, at period end	$	80,339	$	66,699	$	54,281	$	45,834
Common Share Data
Earnings per common share:
Basic	$	1.68	$	15.79	$	11.42	$	10.88
Diluted	$	1.52	$	14.27	$	10.31	$	9.76
Book value per common share, at period end	$	84.09	$	86.39	$	71.08	$	59.13
Weighted average common shares outstanding:
Basic	$	130,208,999	$	131,711,382	$	130,326,947	$	127,468,061
Diluted	$	146,442,842	$	148,575,469	$	147,467,992	$	145,284,589
Common shares outstanding, at period end⁽²⁾	$	136,155,586	$	145,693,021	$	146,431,767	$	144,484,099
Cash dividends declared per common share	$	1.28	$	1.12	$	1.00	$	0.85
Financial Ratios
Return on average common equity	$	1.8%	$	19.1%	$	16.5%	$	19.1%
Profit margin ⁽³⁾	$	3.2%	$	34.1%	$	29.8%	$	29.7%
Compensation & benefits / Revenues, net of interest expense	$	57.6%	$	47.1%	$	47.9%	$	47.8%
Other Data
Employees, at period end	$	14,153	$	13,566	$	11,843	$	10,961
⁽¹⁾ Represents Total Assets figure as of August 31, 2006. ⁽²⁾ Represents shares used to calculate book value per common share. Common shares outstanding include units issued under certain stock compensation plans which will be distributed as shares of common stock. ⁽³⁾ Represents the ratio of income before provision for income taxes to revenues, net of interest expense.