Business Segments (Tables)

9 Months Ended

Sep. 30, 2013

Results of Operations and Average Assets by Segment

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

						General
		Commercial	Branch	Consumer	Investment	Corporate
($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Three months ended September 30, 2013
Net interest income	$	374	374	76	38	31	-	893
Provision for loan and lease losses		37	52	20	-	(58)	-	51
Net interest income after provision for loan
and lease losses		337	322	56	38	89	-	842
Noninterest income:
Mortgage banking net revenue		-	3	118	-	-	-	121
Service charges on deposits		61	78	-	1	-	-	140
Corporate banking revenue		98	4	-	1	(1)	-	102
Investment advisory revenue		1	36	-	95	-	(35)^(a)	97
Card and processing revenue		13	74	-	1	(19)	-	69
Other noninterest income		32	22	11	1	119	-	185
Securities gains, net		-	-	2	-	-	-	2
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	5	-	-	-	5
Total noninterest income		205	217	136	99	99	(35)	721
Noninterest expense:
Salaries, wages and incentives		55	114	40	33	147	-	389
Employee benefits		8	32	9	6	28	-	83
Net occupancy expense		6	46	2	2	19	-	75
Technology and communications		3	1	-	-	48	-	52
Card and processing expense		2	31	-	-	-	-	33
Equipment expense		1	15	-	-	13	-	29
Other noninterest expense		212	191	117	66	(253)	(35)	298
Total noninterest expense		287	430	168	107	2	(35)	959
Income before income taxes		255	109	24	30	186	-	604
Applicable income tax expense		49	38	9	10	77	-	183
Net income		206	71	15	20	109	-	421
Less: Net income attributable to noncontrolling interests		-	-	-	-	-	-	-
Net income attributable to Bancorp		206	71	15	20	109	-	421
Dividends on preferred stock		-	-	-	-	-	-	-
Net income available to common shareholders	$	206	71	15	20	109	-	421
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	50,438	49,282	23,015	9,182	(6,244)	-	125,673

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 September 30, 2012
Net interest income	$	354	344	77	30	98	-	903
Provision for loan and lease losses		45	71	38	3	(92)	-	65
Net interest income after provision for loan
and lease losses		309	273	39	27	190	-	838
Noninterest income:
Mortgage banking net revenue		-	3	197	-	-	-	200
Service charges on deposits		57	70	-	1	-	-	128
Corporate banking revenue		96	4	-	1	-	-	101
Investment advisory revenue		1	33	-	90	-	(32)^(a)	92
Card and processing revenue		11	72	-	1	(19)	-	65
Other noninterest income		18	21	10	14	15	-	78
Securities gains, net		-	-	-	-	2	-	2
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	5	-	-	-	5
Total noninterest income		183	203	212	107	(2)	(32)	671
Noninterest expense:
Salaries, wages and incentives		53	111	49	33	153	-	399
Employee benefits		7	31	9	6	26	-	79
Net occupancy expense		5	47	2	3	19	-	76
Technology and communications		3	1	-	-	45	-	49
Card and processing expense		1	29	-	-	-	-	30
Equipment expense		1	14	-	-	13	-	28
Other noninterest expense		201	172	107	67	(170)	(32)	345
Total noninterest expense		271	405	167	109	86	(32)	1,006
Income before income taxes		221	71	84	25	102	-	503
Applicable income tax expense		39	25	30	9	36	-	139
Net income		182	46	54	16	66	-	364
Less: Net income attributable to noncontrolling interests		-	-	-	-	1	-	1
Net income attributable to Bancorp		182	46	54	16	65	-	363
Dividends on preferred stock		-	-	-	-	9	-	9
Net income available to common shareholders	$	182	46	54	16	56	-	354
Total goodwill	$	613	1,656	-	148	-	-	2,417
Total assets	$	47,495	48,003	23,640	8,024	(9,679)	-	117,483

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
Nine months ended September 30, 2013
Net interest income	$	1,095	1,079	246	109	132	-	2,661
Provision for loan and lease losses		116	162	71	1	(174)	-	176
Net interest income after provision for loan
and lease losses		979	917	175	108	306	-	2,485
Noninterest income:
Mortgage banking net revenue		-	10	563	1	-	-	574
Service charges on deposits		179	226	-	2	-	-	407
Corporate banking revenue		295	10	-	2	-	-	307
Investment advisory revenue		4	110	-	289	-	(108)^(a)	295
Card and processing revenue		39	215	-	3	(56)	-	201
Other noninterest income		72	65	37	8	526	-	708
Securities gains, net		-	-	2	-	17	-	19
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	13	-	-	-	13
Total noninterest income		589	636	615	305	487	(108)	2,524
Noninterest expense:
Salaries, wages and incentives		174	342	148	100	429	-	1,193
Employee benefits		33	100	34	20	93	-	280
Net occupancy expense		17	139	6	7	61	-	230
Technology and communications		8	3	1	-	139	-	151
Card and processing expense		6	91	-	-	-	-	97
Equipment expense		3	43	1	-	38	-	85
Other noninterest expense		603	557	366	217	(699)	(108)	936
Total noninterest expense		844	1,275	556	344	61	(108)	2,972
Income before income taxes		724	278	234	69	732	-	2,037
Applicable income tax expense		133	98	83	24	275	-	613
Net income		591	180	151	45	457	-	1,424
Less: Net income attributable to noncontrolling interests		-	-	-	-	(9)	-	(9)
Net income attributable to Bancorp		591	180	151	45	466	-	1,433
Dividends on preferred stock		-	-	-	-	18	-	18
Net income available to common shareholders	$	591	180	151	45	448	-	1,415
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	50,438	49,282	23,015	9,182	(6,244)	-	125,673

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
Nine months ended September 30, 2012
Net interest income	$	1,049	1,021	234	87	305	-	2,696
Provision for loan and lease losses		181	226	140	9	(329)	-	227
Net interest income after provision for loan
and lease losses		868	795	94	78	634	-	2,469
Noninterest income:
Mortgage banking net revenue		-	10	577	1	-	-	588
Service charges on deposits		166	219	-	2	-	-	387
Corporate banking revenue		286	11	-	2	-	-	299
Investment advisory revenue		5	96	-	275	-	(95)^(a)	281
Card and processing revenue		35	202	-	3	(53)	-	187
Other noninterest income		45	60	30	19	205	-	359
Securities gains, net		-	-	-	-	13	-	13
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	5	-	-	-	5
Total noninterest income		537	598	612	302	165	(95)	2,119
Noninterest expense:
Salaries, wages and incentives		166	337	139	103	446	-	1,191
Employee benefits		32	98	30	20	94	-	274
Net occupancy expense		16	140	6	8	57	-	227
Technology and communications		7	3	1	-	133	-	144
Card and processing expense		3	86	-	-	1	-	90
Equipment expense		2	40	1	1	38	-	82
Other noninterest expense		603	496	319	199	(612)	(95)	910
Total noninterest expense		829	1,200	496	331	157	(95)	2,918
Income before income taxes		576	193	210	49	642	-	1,670
Applicable income tax expense		90	68	74	17	242	-	491
Net income		486	125	136	32	400	-	1,179
Less: Net income attributable to noncontrolling interests		-	-	-	-	1	-	1
Net income attributable to Bancorp		486	125	136	32	399	-	1,178
Dividends on preferred stock		-	-	-	-	26	-	26
Net income available to common shareholders	$	486	125	136	32	373	-	1,152
Total goodwill	$	613	1,656	-	148	-	-	2,417
Total assets	$	47,495	48,003	23,640	8,024	(9,679)	-	117,483

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.

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