Business Segments (Tables)

6 Months Ended

Jun. 30, 2013

Results of Operations and Average Assets by Segment

Results of operations and assets by segment for the three and six months ended June 30, 2013 and 2012 are:

						General
		Commercial	Branch	Consumer	Investment	Corporate
($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Three months ended June 30, 2013
Net interest income	$	361	358	85	35	41	-	880
Provision for loan and lease losses		37	51	22	1	(47)	-	64
Net interest income after provision for loan
and lease losses		324	307	63	34	88	-	816
Noninterest income:
Mortgage banking net revenue		-	3	230	-	-	-	233
Service charges on deposits		59	76	-	1	-	-	136
Corporate banking revenue		102	3	-	1	-	-	106
Investment advisory revenue		1	37	-	96	1	(37)^(a)	98
Card and processing revenue		13	74	-	1	(21)	-	67
Other noninterest income		23	23	14	-	354	-	414
Securities gains, net		-	-	-	-	-	-	-
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	6	-	-	-	6
Total noninterest income		198	216	250	99	334	(37)	1,060
Noninterest expense:
Salaries, wages and incentives		56	113	57	34	144	-	404
Employee benefits		8	30	11	6	28	-	83
Net occupancy expense		6	46	2	2	20	-	76
Technology and communications		2	2	-	-	46	-	50
Card and processing expense		2	32	-	-	(1)	-	33
Equipment expense		1	14	-	-	13	-	28
Other noninterest expense		204	189	138	81	(214)	(37)	361
Total noninterest expense		279	426	208	123	36	(37)	1,035
Income before income taxes		243	97	105	10	386	-	841
Applicable income tax expense		45	35	38	3	129	-	250
Net income		198	62	67	7	257	-	591
Less: Net income attributable to noncontrolling interests		-	-	-	-	-	-	-
Net income attributable to Bancorp		198	62	67	7	257	-	591
Dividends on preferred stock		-	-	-	-	9	-	9
Net income available to common shareholders	$	198	62	67	7	248	-	582
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	50,441	49,843	23,973	8,480	(9,377)	-	123,360

Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.


						General
		Commercial	Branch	Consumer	Investment	Corporate
($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Three months ended June 30, 2012
Net interest income	$	348	342	77	29	99	-	895
Provision for loan and lease losses		61	69	49	2	(110)	-	71
Net interest income after provision for loan
and lease losses		287	273	28	27	209	-	824
Noninterest income:
Mortgage banking net revenue		-	4	179	-	-	-	183
Service charges on deposits		54	75	-	1	-	-	130
Corporate banking revenue		97	4	-	1	-	-	102
Investment advisory revenue		2	32	-	91	-	(32)^(a)	93
Card and processing revenue		12	70	-	1	(19)	-	64
Other noninterest income		12	20	10	4	57	-	103
Securities gains, net		-	-	-	-	3	-	3
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	-	-	-	-	-
Total noninterest income		177	205	189	98	41	(32)	678
Noninterest expense:
Salaries, wages and incentives		56	113	47	35	142	-	393
Employee benefits		9	30	9	6	30	-	84
Net occupancy expense		5	47	2	3	17	-	74
Technology and communications		2	1	-	-	45	-	48
Card and processing expense		1	29	-	-	-	-	30
Equipment expense		-	13	-	-	14	-	27
Other noninterest expense		196	168	108	68	(227)	(32)	281
Total noninterest expense		269	401	166	112	21	(32)	937
Income before income taxes		195	77	51	13	229	-	565
Applicable income tax expense		32	27	18	5	98	-	180
Net income		163	50	33	8	131	-	385
Less: Net income attributable to noncontrolling interest		-	-	-	-	-	-	-
Net income attributable to Bancorp		163	50	33	8	131	-	385
Dividends on preferred stock		-	-	-	-	9	-	9
Net income available to common shareholders	$	163	50	33	8	122	-	376
Total goodwill	$	613	1,656	-	148	-	-	2,417
Total assets	$	46,691	48,156	23,538	7,721	(8,563)	-	117,543

Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.


						General
		Commercial	Branch	Consumer	Investment	Corporate
($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Six months ended June 30, 2013
Net interest income	$	722	705	170	70	101	-	1,768
Provision for loan and lease losses		80	109	51	2	(116)	-	126
Net interest income after provision for loan
and lease losses		642	596	119	68	217	-	1,642
Noninterest income:
Mortgage banking net revenue		-	7	445	1	-	-	453
Service charges on deposits		118	148	-	1	-	-	267
Corporate banking revenue		197	7	-	1	-	-	205
Investment advisory revenue		2	74	-	194	-	(72)^(a)	198
Card and processing revenue		26	142	-	2	(38)	-	132
Other noninterest income		40	43	26	7	407	-	523
Securities gains, net		-	-	-	-	17	-	17
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	8	-	-	-	8
Total noninterest income		383	421	479	206	386	(72)	1,803
Noninterest expense:
Salaries, wages and incentives		119	228	107	67	282	-	803
Employee benefits		25	69	24	15	64	-	197
Net occupancy expense		11	93	4	5	42	-	155
Technology and communications		5	2	-	-	92	-	99
Card and processing expense		4	61	-	-	-	-	65
Equipment expense		1	29	1	-	25	-	56
Other noninterest expense		390	367	249	151	(447)	(72)	638
Total noninterest expense		555	849	385	238	58	(72)	2,013
Income before income taxes		470	168	213	36	545	-	1,432
Applicable income tax expense		84	59	75	13	198	-	429
Net income		386	109	138	23	347	-	1,003
Less: Net income attributable to noncontrolling interests		-	-	-	-	(10)	-	(10)
Net income attributable to Bancorp		386	109	138	23	357	-	1,013
Dividends on preferred stock		-	-	-	-	18	-	18
Net income available to common shareholders	$	386	109	138	23	339	-	995
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	50,441	49,843	23,973	8,480	(9,377)	-	123,360

Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.


						General
		Commercial	Branch	Consumer	Investment	Corporate
($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Six months ended June 30, 2012
Net interest income	$	696	677	157	57	206	-	1,793
Provision for loan and lease losses		137	155	103	6	(239)	-	162
Net interest income after provision for loan
and lease losses		559	522	54	51	445	-	1,631
Noninterest income:
Mortgage banking net revenue		-	6	380	1	-	-	387
Service charges on deposits		109	149	-	2	-	-	260
Corporate banking revenue		190	7	-	2	-	-	199
Investment advisory revenue		4	64	-	185	1	(64)^(a)	190
Card and processing revenue		23	130	-	2	(33)	-	122
Other noninterest income		28	39	20	4	188	-	279
Securities gains, net		-	-	-	-	11	-	11
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	-	-	-	-	-
Total noninterest income		354	395	400	196	167	(64)	1,448
Noninterest expense:
Salaries, wages and incentives		113	226	91	69	293	-	792
Employee benefits		24	67	21	15	68	-	195
Net occupancy expense		11	93	4	6	37	-	151
Technology and communications		4	2	-	-	89	-	95
Card and processing expense		2	57	-	-	1	-	60
Equipment expense		1	26	-	-	28	-	55
Other noninterest expense		402	324	213	132	(444)	(64)	563
Total noninterest expense		557	795	329	222	72	(64)	1,911
Income before income taxes		356	122	125	25	540	-	1,168
Applicable income tax expense		51	43	44	9	205	-	352
Net income		305	79	81	16	335	-	816
Less: Net income attributable to noncontrolling interest		-	-	-	-	1	-	1
Net income attributable to Bancorp		305	79	81	16	334	-	815
Dividends on preferred stock		-	-	-	-	18	-	18
Net income available to common shareholders	$	305	79	81	16	316	-	797
Total goodwill	$	613	1,656	-	148	-	-	2,417
Total assets	$	46,691	48,156	23,538	7,721	(8,563)	-	117,543

Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details