Earnings Per Share (Tables)

9 Months Ended

Sep. 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 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	$	381			340
Dividends on preferred stock		15			12
Net income available to common shareholders		366			328
Less: Income allocated to participating securities		4			3
Net income allocated to common shareholders	$	362	796	0.46	325	829	0.39
Earnings per diluted share:
Net income available to common shareholders	$	366			328
Effect of dilutive securities:
Stock-based awards		-	9		-	9
Net income available to common shareholders		366			328
plus assumed conversions
Less: Income allocated to participating securities		4			3
Net income allocated to common shareholders
plus assumed conversions	$	362	805	0.45	325	838	0.39
		2015			2014
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	$	1,056			1,096
Dividends on preferred stock		52			44
Net income available to common shareholders		1,004			1,052
Less: Income allocated to participating securities		10			8
Net income allocated to common shareholders	$	994	803	1.24	1,044	838	1.25
Earnings per diluted share:
Net income available to common shareholders	$	1,004			1,052
Effect of dilutive securities:
Stock-based awards		-	9		-	10
Net income available to common shareholders		1,004			1,052
plus assumed conversions
Less: Income allocated to participating securities		10			8
Net income allocated to common shareholders
plus assumed conversions	$	994	812	1.22	1,044	848	1.23