Business Segments (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting

Results of Operations and Average Assets by Segment

The following tables present the results of operations and assets by business segment for the three months ended June 30, 2015 and 2014:
						General
		Commercial	Branch	Consumer	Investment	Corporate
June 30, 2015 ($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Net interest income	$	402	376	63	29	17	-	887
Provision for loan and lease losses		38	38	8	2	(7)	-	79
Net interest income after provision for loan and lease losses		364	338	55	27	24	-	808
Total noninterest income		232(c)	94(b)	122	103	44	(39)(a)	556
Total noninterest expense		356	396	112	115	7	(39)	947
Income before income taxes		240	36	65	15	61	-	417
Applicable income tax expense		34	13	23	6	32	-	108
Net income		206	23	42	9	29	-	309
Less: Net income attributable to noncontrolling interests		-	-	-	-	(6)	-	(6)
Net income attributable to Bancorp		206	23	42	9	35	-	315
Dividends on preferred stock		-	-	-	-	23	-	23
Net income available to common shareholders	$	206	23	42	9	12	-	292
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	58,695	52,497	22,534	10,264	(2,332)	-	141,658

• Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.
• Includes an impairment chargeof $98for branches and land. For more information refer to Note7 andNote 20.
• Includes an impairment charge of $4 for operating lease equipment. For more information refer to Note 8 and Note 20.

						General
		Commercial	Branch	Consumer	Investment	Corporate
June 30, 2014 ($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Net interest income	$	403	384	65	29	19	-	900
Provision for loan and lease losses		40	47	13	1	(25)	-	76
Net interest income after provision for loan and lease losses		363	337	52	28	44	-	824
Total noninterest income		216	171(b)	90	101	196	(38)(a)	736
Total noninterest expense		330	385	165	111	1	(38)	954
Income (loss) before income taxes		249	123	(23)	18	239	-	606
Applicable income tax expense (benefit)		41	43	(8)	6	85	-	167
Net income (loss)		208	80	(15)	12	154	-	439
Less: Net income attributable to noncontrolling interests		-	-	-	-	-	-	-
Net income (loss) attributable to Bancorp		208	80	(15)	12	154	-	439
Dividends on preferred stock		-	-	-	-	23	-	23
Net income (loss) available to common shareholders	$	208	80	(15)	12	131	-	416
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	56,001	49,764	22,365	9,251	(4,819)	-	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 Note7 andNote 20.

The following tables present the results of operations and assets by business segment for the six months ended June 30, 2015 and 2014:
						General
		Commercial	Branch	Consumer	Investment	Corporate
June 30, 2015 ($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Net interest income	$	794	752	125	58	5	-	1,734
Provision for loan and lease losses		71	81	22	3	(29)	-	148
Net interest income after provision for loan and lease losses		723	671	103	55	34	-	1,586
Total noninterest income		404(c)	270(b)	251	212	126	(76)(a)	1,187
Total noninterest expense		713	787	214	231	2	(76)	1,871
Income before income taxes		414	154	140	36	158	-	902
Applicable income tax expense		46	55	49	13	69	-	232
Net income		368	99	91	23	89	-	670
Less: Net income attributable to noncontrolling interests		-	-	-	-	(6)	-	(6)
Net income attributable to Bancorp		368	99	91	23	95	-	676
Dividends on preferred stock		-	-	-	-	38	-	38
Net income available to common shareholders	$	368	99	91	23	57	-	638
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	58,695	52,497	22,534	10,264	(2,332)	-	141,658

• Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.
• Includes an impairment charge of $102for branches and land. For more information refer to Note 7and Note 20.
• Includes an impairment charge of $34 for operating lease equipment. For more information refer to Note 8 and Note 20.

						General
		Commercial	Branch	Consumer	Investment	Corporate
June 30, 2014 ($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Net interest income	$	801	775	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		662	684	91	58	152	-	1,647
Total noninterest income		425	343(b)	209	205	190	(72)(a)	1,300
Total noninterest expense		663	775	330	222	(15)	(72)	1,903
Income (loss) before income taxes		424	252	(30)	41	357	-	1,044
Applicable income tax expense (benefit)		58	89	(11)	14	137	-	287
Net income (loss)		366	163	(19)	27	220	-	757
Less: Net income attributable to noncontrolling interests		-	-	-	-	1	-	1
Net income (loss) attributable to Bancorp		366	163	(19)	27	219	-	756
Dividends on preferred stock		-	-	-	-	32	-	32
Net income (loss) available to common shareholders	$	366	163	(19)	27	187	-	724
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	56,001	49,764	22,365	9,251	(4,819)	-	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 Note7 andNote 20.