Business Segments (Tables)

6 Months Ended

Jun. 30, 2014

Results of Operations and Average Assets by Segment

Results of operations and assets by segment for the three and six months ended June 30, 2014 and 2013 are:

						General
		Commercial	Branch	Consumer	Investment	Corporate
($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Three months ended June 30, 2014
Net interest income	$	409	377	65	29	20	-	900
Provision for loan and lease losses		40	47	13	1	(25)	-	76
Net interest income after provision for loan
and lease losses		369	330	52	28	45	-	824
Noninterest income:
Service charges on deposits		71	67	-	1	-	-	139
Corporate banking revenue		108	1	-	-	(2)	-	107
Investment advisory revenue		1	39	-	99	1	(38)^(a)	102
Mortgage banking net revenue		-	2	76	-	-	-	78
Card and processing revenue		17	58	-	1	-	-	76
Other noninterest income		22	3^(b)	13	-	188	-	226
Securities gains, net		-	-	-	-	8	-	8
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	-	-	-	-	-
Total noninterest income		219	170	89	101	195	(38)	736
Noninterest expense:
Salaries, wages and incentives		65	105	26	34	138	-	368
Employee benefits		10	27	6	6	30	-	79
Net occupancy expense		6	47	2	2	22	-	79
Technology and communications		3	1	1	-	47	-	52
Card and processing expense		3	34	-	-	-	-	37
Equipment expense		2	15	-	-	13	-	30
Other noninterest expense		241	155	129	69	(247)	(38)	309
Total noninterest expense		330	384	164	111	3	(38)	954
Income (loss) before income taxes		258	116	(23)	18	237	-	606
Applicable income tax expense (benefit)		44	41	(8)	6	84	-	167
Net income (loss)		214	75	(15)	12	153	-	439
Less: Net income attributable to noncontrolling interests		-	-	-	-	-	-	-
Net income (loss) attributable to Bancorp		214	75	(15)	12	153	-	439
Dividends on preferred stock		-	-	-	-	23	-	23
Net income (loss) available to common shareholders	$	214	75	(15)	12	130	-	416
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	56,591	49,185	22,352	9,251	(4,817)	-	132,562

Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.
Includes an impairment charge of $18 for branches and land. For more information refer to Note 7 and Note 21 of the Notes to Condensed Consolidated Financial Statements.


						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	$	387	332	85	35	41	-	880
Provision for loan and lease losses		39	49	22	1	(47)	-	64
Net interest income after provision for loan
and lease losses		348	283	63	34	88	-	816
Noninterest income:
Service charges on deposits		65	70	-	1	-	-	136
Corporate banking revenue		103	2	-	1	-	-	106
Investment advisory revenue		2	37	-	96	-	(37)^(a)	98
Mortgage banking net revenue		-	3	230	-	-	-	233
Card and processing revenue		15	51	-	1	-	-	67
Other noninterest income		25	22	14	-	353	-	414
Securities gains, net		-	-	-	-	-	-	-
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	6	-	-	-	6
Total noninterest income		210	185	250	99	353	(37)	1,060
Noninterest expense:
Salaries, wages and incentives		63	106	57	34	144	-	404
Employee benefits		10	28	11	6	28	-	83
Net occupancy expense		6	46	2	2	20	-	76
Technology and communications		2	1	-	-	47	-	50
Card and processing expense		2	32	-	-	(1)	-	33
Equipment expense		1	14	-	-	13	-	28
Other noninterest expense		217	166	138	81	(204)	(37)	361
Total noninterest expense		301	393	208	123	47	(37)	1,035
Income before income taxes		257	75	105	10	394	-	841
Applicable income tax expense		44	27	38	3	138	-	250
Net income		213	48	67	7	256	-	591
Less: Net income attributable to noncontrolling interests		-	-	-	-	-	-	-
Net income attributable to Bancorp		213	48	67	7	256	-	591
Dividends on preferred stock		-	-	-	-	9	-	9
Net income available to common shareholders	$	213	48	67	7	247	-	582
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	53,232	47,077	23,973	8,480	(9,402)	-	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, 2014
Net interest income	$	814	762	129	60	28	-	1,793
Provision for loan and lease losses		139	91	38	2	(124)	-	146
Net interest income after provision for loan
and lease losses		675	671	91	58	152	-	1,647
Noninterest income:
Service charges on deposits		141	130	-	1	-	-	272
Corporate banking revenue		212	2	-	1	(4)	-	211
Investment advisory revenue		2	75	-	199	-	(72)^(a)	204
Mortgage banking net revenue		-	2	184	1	-	-	187
Card and processing revenue		34	108	-	2	-	-	144
Other noninterest income		41	22^(b)	23	1	181	-	268
Securities gains, net		-	-	-	-	14	-	14
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	-	-	-	-	-
Total noninterest income		430	339	207	205	191	(72)	1,300
Noninterest expense:
Salaries, wages and incentives		129	210	50	68	270	-	727
Employee benefits		28	62	16	15	59	-	180
Net occupancy expense		13	93	4	5	43	-	158
Technology and communications		5	2	1	-	97	-	105
Card and processing expense		5	63	-	-	-	-	68
Equipment expense		4	30	-	-	26	-	60
Other noninterest expense		479	313	260	134	(509)	(72)	605
Total noninterest expense		663	773	331	222	(14)	(72)	1,903
Income (loss) before income taxes		442	237	(33)	41	357	-	1,044
Applicable income tax expense (benefit)		64	83	(11)	14	137	-	287
Net income (loss)		378	154	(22)	27	220	-	757
Less: Net income attributable to noncontrolling interests		-	-	-	-	1	-	1
Net income (loss) attributable to Bancorp		378	154	(22)	27	219	-	756
Dividends on preferred stock		-	-	-	-	32	-	32
Net income (loss) available to common shareholders	$	378	154	(22)	27	187	-	724
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	56,591	49,185	22,352	9,251	(4,817)	-	132,562

Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.
Includes an impairment charge of $18 for branches and land. For more information refer to Note 7 and Note 21 of the Notes to Condensed Consolidated Financial Statements.


						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	$	772	655	170	70	101	-	1,768
Provision for loan and lease losses		84	106	51	2	(117)	-	126
Net interest income after provision for loan
and lease losses		688	549	119	68	218	-	1,642
Noninterest income:
Service charges on deposits		131	135	-	1	-	-	267
Corporate banking revenue		201	3	-	1	-	-	205
Investment advisory revenue		2	74	-	194	-	(72)^(a)	198
Mortgage banking net revenue		-	7	445	1	-	-	453
Card and processing revenue		30	100	-	2	-	-	132
Other noninterest income		39	44	26	7	407	-	523
Securities gains, net		-	-	-	-	17	-	17
Securities gains, net - non-qualifying hedges on
mortgage servicing rights		-	-	8	-	-	-	8
Total noninterest income		403	363	479	206	424	(72)	1,803
Noninterest expense:
Salaries, wages and incentives		133	215	107	67	281	-	803
Employee benefits		30	64	24	15	64	-	197
Net occupancy expense		12	92	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		414	321	249	151	(425)	(72)	638
Total noninterest expense		599	784	385	238	79	(72)	2,013
Income before income taxes		492	128	213	36	563	-	1,432
Applicable income tax expense		80	46	75	13	215	-	429
Net income		412	82	138	23	348	-	1,003
Less: Net income attributable to noncontrolling interests		-	-	-	-	(10)	-	(10)
Net income attributable to Bancorp		412	82	138	23	358	-	1,013
Dividends on preferred stock		-	-	-	-	18	-	18
Net income available to common shareholders	$	412	82	138	23	340	-	995
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	53,232	47,077	23,973	8,480	(9,402)	-	123,360

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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