XML 156 R140.htm IDEA: XBRL DOCUMENT v3.4.0.3
Results of Operations and Average Assets by Segment (Detail) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Segment Reporting Information      
Net interest income $ 903 $ 847  
Provision for loan and lease losses 119 69  
Net interest income (loss) after provision for loan and lease losses 784 778  
Total noninterest income 637 630  
Total noninterest expense 986 923  
Income (Loss) Before Income Taxes 435 485  
Applicable income tax benefit 108 124  
Net income (loss) 327 361  
Net income attributable to Bancorp 327 361  
Dividends on preferred stock 15 15  
Net income available to common shareholders 312 346  
Total goodwill 2,416 2,416 $ 2,416
Total Assets 142,430 [1] 140,437 $ 141,048 [1]
Commercial Banking      
Segment Reporting Information      
Net interest income 451 392  
Provision for loan and lease losses 65 42  
Net interest income (loss) after provision for loan and lease losses 386 350  
Total noninterest income 223 174 [2]  
Total noninterest expense 363 348  
Income (Loss) Before Income Taxes 246 176  
Applicable income tax benefit 35 13  
Net income (loss) 211 163  
Net income attributable to Bancorp 211 163  
Net income available to common shareholders 211 163  
Total goodwill 613 613  
Total Assets 59,652 57,855  
Branch Banking      
Segment Reporting Information      
Net interest income 426 377  
Provision for loan and lease losses 34 42  
Net interest income (loss) after provision for loan and lease losses 392 335  
Total noninterest income 189 [3] 176 [4]  
Total noninterest expense 411 400  
Income (Loss) Before Income Taxes 170 111  
Applicable income tax benefit 60 39  
Net income (loss) 110 72  
Net income attributable to Bancorp 110 72  
Net income available to common shareholders 110 72  
Total goodwill 1,655 1,655  
Total Assets 54,528 53,295  
Consumer Lending      
Segment Reporting Information      
Net interest income 60 63  
Provision for loan and lease losses 12 14  
Net interest income (loss) after provision for loan and lease losses 48 49  
Total noninterest income 83 129  
Total noninterest expense 118 105  
Income (Loss) Before Income Taxes 13 73  
Applicable income tax benefit 5 26  
Net income (loss) 8 47  
Net income attributable to Bancorp 8 47  
Net income available to common shareholders 8 47  
Total Assets 22,475 22,057  
Investment Advisors      
Segment Reporting Information      
Net interest income 43 29  
Provision for loan and lease losses   1  
Net interest income (loss) after provision for loan and lease losses 43 28  
Total noninterest income 100 107  
Total noninterest expense 107 115  
Income (Loss) Before Income Taxes 36 20  
Applicable income tax benefit 13 7  
Net income (loss) 23 13  
Net income attributable to Bancorp 23 13  
Net income available to common shareholders 23 13  
Total goodwill 148 148  
Total Assets 8,900 10,042  
General Corporate and Other      
Segment Reporting Information      
Net interest income (77) (14)  
Provision for loan and lease losses 8 (30)  
Net interest income (loss) after provision for loan and lease losses (85) 16  
Total noninterest income 75 82  
Total noninterest expense 20 (7)  
Income (Loss) Before Income Taxes (30) 105  
Applicable income tax benefit (5) 39  
Net income (loss) (25) 66  
Net income attributable to Bancorp (25) 66  
Dividends on preferred stock 15 15  
Net income available to common shareholders (40) 51  
Total Assets (3,125) (2,812)  
Intersegment Elimination      
Segment Reporting Information      
Total noninterest income (33) [5] (38) [6]  
Total noninterest expense $ (33) $ (38)  
[1] Upon adoption of ASU 2015-03 on January 1, 2016, the December 31, 2015 Condensed Consolidated Balance Sheets were adjusted to reflect the reclassification of $34 million of debt issuance costs from other assets to long-term debt. For further information refer to Note 3.
[2] Includes an impairment charge of $30 for operating lease equipment. For more information, refer to Note 20.
[3] Includes an impairment charge of $2 for branches and land. For more information refer to Note 7 and Note 20.
[4] Includes an impairment charge of $4 for branches and land. For more information, refer to Note 7 and Note 20.
[5] Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.
[6] Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Condensed Consolidated Statements of Income.