Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share

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:
		2013			2012
For the three months ended June 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	$	591			385
Dividends on preferred stock		9			9
Net income available to common shareholders		582			376
Less: Income allocated to participating securities		4			3
Net income allocated to common shareholders	$	578	859	0.67	373	914	0.41
Earnings per diluted share:
Net income available to common shareholders	$	582			376
Effect of dilutive securities:
Stock-based awards		-	6	-	-	5	-
Series G convertible preferred stock		9	36	(0.02)	9	36	(0.01)
Net income available to common shareholders		591			385
plus assumed conversions
Less: Income allocated to participating securities		4			3
Net income allocated to common shareholders
plus assumed conversions	$	587	901	0.65	382	955	0.40
		2013			2012
For the six months ended June 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	$	1,013			815
Dividends on preferred stock		18			18
Net income available to common shareholders		995			797
Less: Income allocated to participating securities		7			5
Net income allocated to common shareholders	$	988	865	1.14	792	914	0.87
Earnings per diluted share:
Net income available to common shareholders	$	995			797
Effect of dilutive securities:
Stock-based awards		-	6	-	-	6	-
Series G convertible preferred stock		18	36	(0.03)	18	36	(0.02)
Net income available to common shareholders		1,013			815
plus assumed conversions
Less: Income allocated to participating securities		7			5
Net income allocated to common shareholders
plus assumed conversions	$	1,006	907	1.11	810	956	0.85