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Business Segments (Tables)
3 Months Ended
Mar. 31, 2017
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:
WealthGeneral
CommercialBranch Consumerand AssetCorporate
March 31, 2017 ($ in millions)BankingBankingLendingManagementand OtherEliminationsTotal
Net interest income $4254306138(21)-933
Provision for loan and lease losses6421547-74
Net interest income after provision for loan and lease losses4193884634(28)-859
Total noninterest income 202 (c) 184 (b)5510610 (34)(a)523
Total noninterest expense37040212011315(34)986
Income (loss) before income taxes 251170(19)27(33)-396
Applicable income tax expense (benefit)4060(7)10(12)-91
Net income (loss)211110(12)17(21)-305
Less: Net income attributable to noncontrolling interests-------
Net income (loss) attributable to Bancorp211110(12)17(21)-305
Dividends on preferred stock ----15-15
Net income (loss) available to common shareholders $211110(12)17(36)-290
Total goodwill$6131,655-151--2,419
Total assets$57,67257,87621,9949,641 (6,983)(d) - 140,200

  • Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income.
  • Includes impairment charges of $3 for branches and land. For more information refer to Note 7 and Note 19.
  • Includes impairment charges of $31 for operating lease equipment. For more information refer to Note 8 and Note 19.
  • Includes bank premises and equipment of $51 classified as held for sale. For more information, refer to Note 7.

WealthGeneral
CommercialBranch Consumerand AssetCorporate
March 31, 2016 ($ in millions)BankingBankingLendingManagementand Other(d)EliminationsTotal(d)
Net interest income $4514266043(77)-903
Provision for loan and lease losses653412-8-119
Net interest income after provision for loan and lease losses3863924843(85)-784
Total noninterest income223 189 (b)8310075 (33)(a) 637
Total noninterest expense36341111810720(33)986
Income (loss) before income taxes 2461701336(30)-435
Applicable income tax expense3560513(4)-109
Net income (loss)211110823(26)-326
Less: Net income attributable to noncontrolling interests-------
Net income (loss) attributable to Bancorp211110823(26)-326
Dividends on preferred stock ----15-15
Net income (loss) available to common shareholders $211110823(41)-311
Total goodwill$6131,655-148--2,416
Total assets$59,65254,52822,4758,900 (3,125)(c) - 142,430

  • Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income.
  • Includes impairment charges of $2 for branches and land. For more information, refer to Note 7 and Note 19.
  • Includes bank premises and equipment of $68 classified as held for sale. For more information, refer to Note 7.
  • A net tax deficiency of $1 million was reclassified from capital surplus to applicable income tax expense at March 31, 2016, related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016.