Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share

Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share

The following tables provide the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share:
		2015			2014
For the three months ended June 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	$	315			439
Dividends on preferred stock		23			23
Net income available to common shareholders		292			416
Less: Income allocated to participating securities		3			4
Net income allocated to common shareholders	$	289	804	0.36	412	838	0.49
Earnings per diluted share:
Net income available to common shareholders	$	292			416
Effect of dilutive securities:
Stock-based awards		-	9		-	10
Net income available to common shareholders		292			416
plus assumed conversions
Less: Income allocated to participating securities		3			4
Net income allocated to common shareholders
plus assumed conversions	$	289	813	0.36	412	848	0.49
		2015			2014
For the six months ended June 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	$	676			756
Dividends on preferred stock		38			32
Net income available to common shareholders		638			724
Less: Income allocated to participating securities		6			6
Net income allocated to common shareholders	$	632	807	0.78	718	842	0.85
Earnings per diluted share:
Net income available to common shareholders	$	638			724
Effect of dilutive securities:
Stock-based awards		-	9		-	11
Net income available to common shareholders		638			724
plus assumed conversions
Less: Income allocated to participating securities		6			6
Net income allocated to common shareholders
plus assumed conversions	$	632	816	0.77	718	853	0.84