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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest Income        
Interest and fees on loans and leases $ 893 $ 951 $ 1,803 $ 1,910
Interest on securities 151 163 300 345
Interest on other short-term investments 1 2 2 4
Total interest income 1,045 1,116 2,105 2,259
Interest Expense        
Interest on deposits 97 161 203 332
Interest on other short-term borrowings 1 1 2 2
Interest on long-term debt 83 72 157 146
Total interest expense 181 234 362 480
Net Interest Income 864 882 1,743 1,779
Provision for loan and lease losses 113 325 281 915
Net Interest Income After Provision for Loan and Lease Losses 751 557 1,462 864
Noninterest Income        
Mortgage banking net revenue 162 114 264 266
Service charges on deposits 126 149 250 291
Investment advisory revenue 95 87 193 177
Corporate banking revenue 95 93 181 174
Card and processing revenue 89 84 169 158
Other noninterest income 83 85 164 160
Securities gains, net 6 8 14 21
Securities gains, net - non-qualifying hedges on mortgage servicing rights     5  
Total noninterest income 656 620 1,240 1,247
Noninterest Expense        
Salaries, wages and incentives 365 356 716 686
Employee benefits 79 73 176 159
Net occupancy expense 75 73 152 150
Technology and communications 48 45 93 90
Card and processing expense 29 31 58 56
Equipment expense 28 31 57 60
Other noninterest expense 277 326 567 690
Total noninterest expense 901 935 1,819 1,891
Income Before Income Taxes 506 242 883 220
Applicable income tax expense 169 50 281 38
Net Income (Loss) 337 192 602 182
Less: Net income attributable to noncontrolling interest        
Net income (loss) attributable to Bancorp 337 192 602 182
Dividends on preferred stock 9 62 185 125
Net income (loss) available to common shareholders $ 328 $ 130 $ 417 $ 57
Earnings Per Share $ 0.36 $ 0.16 $ 0.46 $ 0.07
Earnings Per Diluted Share $ 0.35 $ 0.16 $ 0.46 $ 0.07