Business Segments (Tables)

9 Months Ended

Sep. 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 September 30, 2015 and 2014:
						General
		Commercial	Branch	Consumer	Investment	Corporate
September 30, 2015 ($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Net interest income	$	413	395	62	33	(2)	-	901
Provision for loan and lease losses		138	39	11	-	(32)	-	156
Net interest income after provision for loan and lease losses		275	356	51	33	30	-	745
Total noninterest income		228(c)	197(b)	76	102	148	(38)(a)	713
Total noninterest expense		342	396	106	112	25	(38)	943
Income before income taxes		161	157	21	23	153	-	515
Applicable income tax expense		8	55	8	8	55	-	134
Net income		153	102	13	15	98	-	381
Less: Net income attributable to noncontrolling interests		-	-	-	-	-	-	-
Net income attributable to Bancorp		153	102	13	15	98	-	381
Dividends on preferred stock		-	-	-	-	15	-	15
Net income available to common shareholders	$	153	102	13	15	83	-	366
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	59,448	52,163	22,805	8,964	(1,462)	-	141,918

• Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.
• Includes an impairment chargeof $2for branches and land. For more information refer to Note7 andNote 22.
• Includes an impairment charge of $2 for operating lease equipment. For more information refer to Note 8 and Note 22.

						General
		Commercial	Branch	Consumer	Investment	Corporate
September 30, 2014 ($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Net interest income	$	411	396	64	30	2	-	903
Provision for loan and lease losses		47	50	17	1	(44)	-	71
Net interest income after provision for loan and lease losses		364	346	47	29	46	-	832
Total noninterest income		218	194	71	102	(27)	(38)(a)	520
Total noninterest expense		323	392	114	111	(14)	(38)	888
Income before income taxes		259	148	4	20	33	-	464
Applicable income tax expense		47	52	1	7	17	-	124
Net income		212	96	3	13	16	-	340
Less: Net income attributable to noncontrolling interests		-	-	-	-	-	-	-
Net income attributable to Bancorp		212	96	3	13	16	-	340
Dividends on preferred stock		-	-	-	-	12	-	12
Net income available to common shareholders	$	212	96	3	13	4	-	328
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	55,906	50,125	22,644	9,856	(4,343)	-	134,188

• Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.

The following tables present the results of operations and assets by business segment for the nine months ended September 30, 2015 and 2014:
						General
		Commercial	Branch	Consumer	Investment	Corporate
September 30, 2015 ($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Net interest income	$	1,207	1,148	187	91	3	-	2,636
Provision for loan and lease losses		208	122	33	3	(61)	-	305
Net interest income after provision for loan and lease losses		999	1,026	154	88	64	-	2,331
Total noninterest income		630(c)	468(b)	327	315	274	(114)(a)	1,900
Total noninterest expense		1,056	1,183	322	342	25	(114)	2,814
Income before income taxes		573	311	159	61	313	-	1,417
Applicable income tax expense		54	110	57	21	125	-	367
Net income		519	201	102	40	188	-	1,050
Less: Net income attributable to noncontrolling interests		-	-	-	-	(6)	-	(6)
Net income attributable to Bancorp		519	201	102	40	194	-	1,056
Dividends on preferred stock		-	-	-	-	52	-	52
Net income available to common shareholders	$	519	201	102	40	142	-	1,004
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	59,448	52,163	22,805	8,964	(1,462)	-	141,918

• Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.
• Includes an impairment charge of $104for branches and land. For more information refer to Note 7and Note 22.
• Includes an impairment charge of $36 for operating lease equipment. For more information refer to Note 8 and Note 22

						General
		Commercial	Branch	Consumer	Investment	Corporate
September 30, 2014 ($ in millions)		Banking	Banking	Lending	Advisors	and Other	Eliminations	Total
Net interest income	$	1,212	1,171	193	90	31	-	2,697
Provision for loan and lease losses		184	142	55	3	(168)	-	216
Net interest income after provision for loan and lease losses		1,028	1,029	138	87	199	-	2,481
Total noninterest income		642	538(b)	280	308	162	(110)(a)	1,820
Total noninterest expense		986	1,168	446	333	(31)	(110)	2,792
Income (loss) before income taxes		684	399	(28)	62	392	-	1,509
Applicable income tax expense (benefit)		104	141	(10)	22	154	-	411
Net income (loss)		580	258	(18)	40	238	-	1,098
Less: Net income attributable to noncontrolling interests		-	-	-	-	2	-	2
Net income (loss) attributable to Bancorp		580	258	(18)	40	236	-	1,096
Dividends on preferred stock		-	-	-	-	44	-	44
Net income (loss) available to common shareholders	$	580	258	(18)	40	192	-	1,052
Total goodwill	$	613	1,655	-	148	-	-	2,416
Total assets	$	55,906	50,125	22,644	9,856	(4,343)	-	134,188

• 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 22.