Income Taxes

3 Months Ended

Mar. 31, 2016

Income Taxes

Income Taxes

17. Income Taxes

The applicable income tax expense was $108 million and $124 million for the three months ended March 31, 2016 and 2015, respectively. The effective tax rates for the three months ended March 31, 2016 and 2015 were 25.0% and 25.6%, respectively.

While it is reasonably possible that the amount of the unrecognized tax benefits with respect to certain of the Bancorp's uncertain tax positions could increase or decrease during the next 12 months, the Bancorp believes it is unlikely that its unrecognized tax benefits will change by a material amount during the next 12 months.