Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2014

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:
		2014			2013
For the three months ended September 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	$	340			421
Dividends on preferred stock		12			-
Net income available to common shareholders		328			421
Less: Income allocated to participating securities		3			3
Net income allocated to common shareholders	$	325	829	0.39	418	880	0.47
Earnings per diluted share:
Net income available to common shareholders	$	328			421
Effect of dilutive securities:
Stock-based awards		-	9		-	8
Net income available to common shareholders		328			421
plus assumed conversions
Less: Income allocated to participating securities		3			3
Net income allocated to common shareholders
plus assumed conversions	$	325	838	0.39	418	888	0.47
		2014			2013
For the nine months ended September 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	$	1,096			1,433
Dividends on preferred stock		44			18
Net income available to common shareholders		1,052			1,415
Less: Income allocated to participating securities		8			10
Net income allocated to common shareholders	$	1,044	838	1.25	1,405	870	1.62
Earnings per diluted share:
Net income available to common shareholders	$	1,052			1,415
Effect of dilutive securities:
Stock-based awards		-	10		-	7
Series G convertible preferred stock		-	-		18	24
Net income available to common shareholders		1,052			1,433
plus assumed conversions
Less: Income allocated to participating securities		8			10
Net income allocated to common shareholders
plus assumed conversions	$	1,044	848	1.23	1,423	901	1.58