Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share

The calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share were as follows:
		2012			2011
For the three months ended September 30,			Average	Per Share		Average	Per Share
(in millions, except per share data)		Income	Shares	Amount	Income	Shares	Amount
Earnings per share:
Net income attributable to Bancorp	$	363			381
Dividends on preferred stock		9			8
Net income available to common shareholders		354			373
Less: Income allocated to participating securities		2			2
Net income allocated to common shareholders	$	352	904	0.39	371	915	0.41
Earnings per diluted share:
Net income available to common shareholders	$	354			373
Effect of dilutive securities:
Stock-based awards		-	5	-	-	5	-
Series G convertible preferred stock		9	36	(0.01)	9	35	(0.01)
Net income available to common shareholders		363			382
plus assumed conversions
Less: Income allocated to participating securities		2			2
Net income allocated to common shareholders
plus assumed conversions	$	361	945	0.38	380	955	0.40
		2012			2011
For the nine months ended September 30,			Average	Per Share		Average	Per Share
(in millions, except per share data)		Income	Shares	Amount	Income	Shares	Amount
Earnings per share:
Net income attributable to Bancorp	$	1,178			983
Dividends on preferred stock		26			194
Net income available to common shareholders		1,152			789
Less: Income allocated to participating securities		7			4
Net income allocated to common shareholders	$	1,145	911	1.26	785	904	0.87
Earnings per diluted share:
Net income available to common shareholders	$	1,152			789
Effect of dilutive securities:
Stock-based awards		-	5	-	-	5	-
Series G convertible preferred stock		26	36	(0.03)	26	36	(0.01)
Warrants related to Series F preferred stock		-	-	-	-	2	-
Net income available to common shareholders		1,178			815
plus assumed conversions
Less: Income allocated to participating securities		7			4
Net income allocated to common shareholders
plus assumed conversions	$	1,171	952	1.23	811	947	0.86