Summary of Quarterly Financial Statements (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Financial Statements (Unaudited)

SUMMARY OF QUARTERLY FINANCIAL STATEMENTS (UNAUDITED)

The following quarterly information is unaudited. However, in the opinion of management, the information reflects all adjustments, which are necessary for the fair presentation of the results of operations, for the periods presented.

	2011
(in millions, except per share data)	Fourth Quarter			Third Quarter		Second Quarter		First Quarter
Interest income	$	481		$	463	$	431	$	434
Interest expense	37			40		40		39
Net interest income	444			423		391		395
Provision for loan losses	19			38		47		49
Net securities gains (losses)	(4		)	12		4		2
Noninterest income excluding net securities gains (losses)	186			189		198		205
Noninterest expenses	478			460		409		415
Provision for income taxes	33			28		41		35
Net income	96			98		96		103
Less:
Income allocated to participating securities	1			1		1		1
Net income attributable to common shares	$	95		$	97	$	95	$	102
Earnings per common share:
Basic	$	0.48		$	0.51	$	0.54	$	0.58
Diluted	0.48			0.51		0.53		0.57

	2010
(in millions, except per share data)	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Interest income	$	445	$	456	$	476	$	476
Interest expense	40		52		54		61
Net interest income	405		404		422		415
Provision for loan losses	57		122		126		175
Net securities gains	—		—		1		2
Noninterest income excluding net securities gains	215		186		193		192
Noninterest expenses	437		402		397		404
Provision (benefit) for income taxes	30		7		23		(5		)
Income from continuing operations	96		59		70		35
Income from discontinued operations, net of tax	—		—		—		17
Net income	96		59		70		52
Less:
Preferred stock dividends	—		—		—		123
Income allocated to participating securities	1		—		1		—
Net income (loss) attributable to common shares	$	95	$	59	$	69	$	(71	)
Basic earnings per common share:
Income (loss) from continuing operations	$	0.54	$	0.34	$	0.40	$	(0.57	)
Net income (loss)	0.54		0.34		0.40		(0.46		)
Diluted earnings per common share:
Income (loss) from continuing operations	0.53		0.33		0.39		(0.57		)
Net income (loss)	0.53		0.33		0.39		(0.46		)