Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

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:
		2016			2015
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	$	516			381
Dividends on preferred stock		15			15
Net income available to common shareholders		501			366
Less: Income allocated to participating securities		5			4
Net income allocated to common shareholders	$	496	751	0.66	362	796	0.46
Earnings Per Diluted Share:
Net income available to common shareholders	$	501			366
Effect of dilutive securities:
Stock-based awards		-	6		-	9
Net income available to common shareholders		501			366
plus assumed conversions
Less: Income allocated to participating securities		5			4
Net income allocated to common shareholders
plus assumed conversions	$	496	757	0.65	362	805	0.45
		2016			2015
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	$	1,175			1,056
Dividends on preferred stock		52			52
Net income available to common shareholders		1,123			1,004
Less: Income allocated to participating securities		11			10
Net income allocated to common shareholders	$	1,112	761	1.46	994	803	1.24
Earnings Per Diluted Share:
Net income available to common shareholders	$	1,123			1,004
Effect of dilutive securities:
Stock-based awards		-	6		-	9
Net income available to common shareholders		1,123			1,004
plus assumed conversions
Less: Income allocated to participating securities		11			10
Net income allocated to common shareholders
plus assumed conversions	$	1,112	767	1.45	994	812	1.22