Business Segments (Tables)

3 Months Ended

Mar. 31, 2014

Business Segments

Results of Operations and Average Assets by Segment

Results of operations and assets by segment for the three months ended March 31, 2014 and 2013 are:
						General
		Commercial	Branch	Consumer	Investment	Corporate
($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Three months ended March 31, 2014
Net interest income	$	404	385	64	32	8	-	893
Provision for loan and lease losses		97	45	25	-	(98)	-	69
Net interest income after provision for loan
and lease losses		307	340	39	32	106	-	824
Noninterest income:
Service charges on deposits		69	63	-	1	-	-	133
Mortgage banking net revenue		-	1	108	-	-	-	109
Corporate banking revenue		104	1	-	1	(2)	-	104
Investment advisory revenue		1	36	-	100	-	(35)(a)	102
Card and processing revenue		16	51	-	1	-	-	68
Other noninterest income		20	20	10	-	(9)	-	41
Securities gains, net		-	-	-	-	7	-	7
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	-	-	-	-	-
Total noninterest income		210	172	118	103	(4)	(35)	564
Noninterest expense:
Salaries, wages and incentives		64	105	25	34	131	-	359
Employee benefits		19	35	9	9	29	-	101
Net occupancy expense		6	46	2	2	24	-	80
Technology and communications		3	2	-	-	48	-	53
Card and processing expense		2	29	-	-	-	-	31
Equipment expense		2	15	-	-	13	-	30
Other noninterest expense		238	158	130	65	(260)	(35)	296
Total noninterest expense		334	390	166	110	(15)	(35)	950
Income (loss) before income taxes		183	122	(9)	25	117	-	438
Applicable income tax expense (benefit)		19	42	(3)	8	53	-	119
Net income (loss)		164	80	(6)	17	64	-	319
Less: Net income attributable to noncontrolling interests		-	-	-	-	1	-	1
Net income (loss) attributable to Bancorp		164	80	(6)	17	63	-	318
Dividends on preferred stock		-	-	-	-	9	-	9
Net income (loss) available to common shareholders	$	164	80	(6)	17	54	-	309
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	55,676	48,888	22,436	9,775	(7,121)	-	129,654

• 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 March 31, 2013
Net interest income	$	384	323	85	36	60	-	888
Provision for loan and lease losses		44	57	29	1	(69)	-	62
Net interest income after provision for loan
and lease losses		340	266	56	35	129	-	826
Noninterest income:
Service charges on deposits		65	65	-	1	-	-	131
Mortgage banking net revenue		-	4	216	-	-	-	220
Corporate banking revenue		97	1	-	1	-	-	99
Investment advisory revenue		1	37	-	98	-	(36)(a)	100
Card and processing revenue		15	49	-	1	-	-	65
Other noninterest income		16	22	11	7	53	-	109
Securities gains, net		-	-	-	-	17	-	17
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	2	-	-	-	2
Total noninterest income		194	178	229	108	70	(36)	743
Noninterest expense:
Salaries, wages and incentives		70	109	50	33	137	-	399
Employee benefits		20	36	13	9	36	-	114
Net occupancy expense		6	46	2	3	22	-	79
Technology and communications		3	1	-	-	45	-	49
Card and processing expense		1	29	-	-	1	-	31
Equipment expense		1	14	-	-	13	-	28
Other noninterest expense		199	155	112	70	(222)	(36)	278
Total noninterest expense		300	390	177	115	32	(36)	978
Income before income taxes		234	54	108	28	167	-	591
Applicable income tax expense		36	20	38	10	75	-	179
Net income		198	34	70	18	92	-	412
Less: Net income attributable to noncontrolling interests		-	-	-	-	(10)	-	(10)
Net income attributable to Bancorp		198	34	70	18	102	-	422
Dividends on preferred stock		-	-	-	-	9	-	9
Net income available to common shareholders	$	198	34	70	18	93	-	413
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	52,117	47,527	24,026	9,114	(11,402)	-	121,382

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