Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share

Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share

The following table provides the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share for the three months ended March 31:
		2016			2015
			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	$	327			361
Dividends on preferred stock		15			15
Net income available to common shareholders		312			346
Less: Income allocated to participating securities		3			3
Net income allocated to common shareholders	$	309	774	0.40	343	810	0.42
Earnings Per Diluted Share:
Net income available to common shareholders	$	312			346
Effect of dilutive securities:
Stock-based awards		-	4		-	9
Net income available to common shareholders		312			346
plus assumed conversions
Less: Income allocated to participating securities		3			3
Net income allocated to common shareholders
plus assumed conversions	$	309	778	0.40	343	819	0.42