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Business Segments (Tables)
6 Months Ended
Jun. 30, 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
June 30, 2017 ($ in millions)BankingBankingLendingManagementand OtherEliminationsTotal
Net interest income $4154375937(9)-939
Provision for (benefit from) loan and lease losses22397(1)(15)-52
Net interest income after provision for loan and lease losses39339852386-887
Total noninterest income228 189 (b)6210117 (33)(a)564
Total noninterest expense34539912311013(33)957
Income (loss) before income taxes 276188(9)2910-494
Applicable income tax expense (benefit)4966(3)105-127
Net income (loss)227122(6)195-367
Less: Net income attributable to noncontrolling interests-------
Net income (loss) attributable to Bancorp227122(6)195-367
Dividends on preferred stock ----23-23
Net income (loss) available to common shareholders $227122(6)19(18)-344
Total goodwill$6131,655-155--2,423
Total assets$57,76657,37822,4428,241 (4,760)(c) - 141,067

  • 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 21.
  • Includes bank premises and equipment of $41 classified as held for sale. For more information refer to Note 7.

WealthGeneral
CommercialBranch Consumerand AssetCorporate
June 30, 2016 ($ in millions)BankingBankingLendingManagementand Other(e)EliminationsTotal(e)
Net interest income $4604336244(97)-902
Provision for loan and lease losses723591(26)-91
Net interest income after provision for loan and lease losses3883985343(71)-811
Total noninterest income 236 (c) 214 (b)801003 (34)(a) 599
Total noninterest expense35540912210823(34)983
Income (loss) before income taxes 2692031135(91)-427
Applicable income tax expense4371412(27)-103
Net income (loss)226132723(64)-324
Less: Net income attributable to noncontrolling interests----(4)-(4)
Net income (loss) attributable to Bancorp226132723(60)-328
Dividends on preferred stock ----23-23
Net income (loss) available to common shareholders $226132723(83)-305
Total goodwill$6131,655-148--2,416
Total assets$60,04254,22022,5988,399 (1,634)(d) - 143,625

  • Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income.
  • Includes impairment charges of $1 for branches and land. For more information refer to Note 7 and Note 21.
  • Includes impairment charges of $5 for operating lease equipment. For more information refer to Note 8 and Note 21.
  • Includes bank premises and equipment of $52 classified as held for sale. For more information refer to Note 7.
  • A net tax deficiency of $5 was reclassified from capital surplus to applicable income tax expense for the three months ended June 30, 2016, related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016.

The following tables present the results of operations and assets by business segment for the six months ended:
WealthGeneral
CommercialBranch Consumerand AssetCorporate
June 30, 2017 ($ in millions)BankingBankingLendingManagementand OtherEliminationsTotal
Net interest income$83986712075(29)-1,872
Provision for loan and lease losses2980223(8)-126
Net interest income after provision for loan and lease losses8107879872(21)-1,746
Total noninterest income 429 (c) 374 (b)11620926 (67)(a)1,087
Total noninterest expense71480124122430(67)1,943
Income (loss) before income taxes 525360(27)57(25)-890
Applicable income tax expense (benefit)88127(10)20(7)-218
Net income (loss)437233(17)37(18)-672
Less: Net income attributable to noncontrolling interests-------
Net income (loss) attributable to Bancorp437233(17)37(18)-672
Dividends on preferred stock ----38-38
Net income (loss) available to common shareholders $437233(17)37(56)-634
Total goodwill$6131,655-155--2,423
Total assets$57,76657,37822,4428,241 (4,760)(d) - 141,067

  • Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income.
  • Includes impairment charges of $5 for branches and land. For more information refer to Note 7 and Note 21.
  • Includes impairment charges of $31 for operating lease equipment. For more information refer to Note 8 and Note 21.
  • Includes bank premises and equipment of $41 classified as held for sale. For more information refer to Note 7.

WealthGeneral
CommercialBranch Consumerand AssetCorporate
June 30, 2016 ($ in millions)BankingBankingLendingManagementand Other(e)EliminationsTotal(e)
Net interest income$91185912287(174)-1,805
Provision for loan and lease losses13769211(18)-210
Net interest income after provision for loan and lease losses77479010186(156)-1,595
Total noninterest income 457 (c) 401 (b)16420278 (67)(a) 1,235
Total noninterest expense71682024021544(67)1,968
Income before income taxes 5153712573(122)-862
Applicable income tax expense77131925(30)-212
Net income4382401648(92)-650
Less: Net income attributable to noncontrolling interests----(4)-(4)
Net income attributable to Bancorp4382401648(88)-654
Dividends on preferred stock ----38-38
Net income available to common shareholders $4382401648(126)-616
Total goodwill$6131,655-148--2,416
Total assets$60,04254,22022,5988,399 (1,634)(d) - 143,625

  • 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 21.
  • Includes impairment charges of $5 for operating lease equipment. For more information refer to Note 8 and Note 21.
  • Includes bank premises and equipment of $52 classified as held for sale. For more information refer to Note 7.
  • Net tax deficiencies of $6 were reclassified from capital surplus to applicable income tax expense for the six months ended June 30, 2016 related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016.