The suspense over MBNA’s third quarter earnings report ended yesterday without much fanfare. Due to the new FFIEC guidance, MBNA took a $167.2 million after-tax charge, pushing down profits. Third quarter net income came in at $398.0 million, a 16.8% decline from 3Q/01. For the first time, MBNA crossed the $100 billion milestone in outstandings, a $2.8 billion increase over the second quarter. During the third quarter MBNA signed up 86 new affinity and co-branded agreements, and renewed more than 250. MBNA added 4.3 million new cardholders and 3.5 million new accounts during the third quarter. Managed charge-offs for the third quarter were 4.84% compared to 5.09% in the second quarter. Delinquency (30+ days) stood at 4.79% for 3Q/02, compared to 4.90% one year ago. Volume was $41.7 billion, a 16% gain over last year. MBNA’s net interest margin has been shrinking this year, hitting 7.66% for the third quarter, despite a re-pricing campaign launched this summer. For complete details on MBNA’s third quarter performance visit CardData ([www.carddata.com]).