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Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income        
Interest and fees on loans $ 1,157 $ 1,263 $ 2,326 $ 2,563
Interest and fees on loans held for sale 29 31 60 55
Interest and Dividend Income, Securities, Available-for-sale 143 180 [1] 286 375 [1]
Trading account interest and other 18 18 34 33
Total interest income 1,347 1,492 2,706 3,026
Interest Expense        
Interest on deposits 75 118 154 245
Interest on long-term debt 53 90 104 178
Interest on other borrowings 8 10 16 18
Total interest expense 136 218 274 441
Net, interest income 1,211 1,274 2,432 2,585
Provision for Loan, Lease, and Other Losses 146 300 [2] 358 [2] 617 [2]
Interest Income (Expense), after Provision for Loan Loss 1,065 974 2,074 1,968
Noninterest Income        
Service charges on deposit accounts 164 167 324 332
Trust and investment management income 130 130 254 260
Investment Advisory Fees 69 62 130 120
Fees and Commissions, Other 97 111 186 208
Investment Banking Revenue 93 75 161 147
Trading Gains (Losses) 49 70 91 127
Fees and Commissions, Credit and Debit Cards 78 85 154 164
Fees and Commissions, Mortgage Banking 133 103 292 166
Servicing Fees, Net 1 70 39 151
Gain (Loss) on Sale of Securities, Net 0 [3] 14 [4] 2 [4] 32 [4]
Noninterest Income, Other Operating Income 44 53 88 109
Total noninterest income 858 940 1,721 1,816
Noninterest Expense        
Employee compensation 635 654 1,246 1,306
Other Labor-related Expenses 102 108 250 254
Outside processing and software 187 180 365 356
Net occupancy expense 86 88 175 176
Federal Deposit Insurance Corporation Premium Expense 41 60 95 111
Equipment Expense 46 46 91 91
Operating losses 72 69 111 129
Credit and collection services 52 61 85 116
Marketing and Advertising Expense 31 32 61 59
Amortization of Intangible Assets and Impairment of Goodwill 6 11 12 22
Gains (Losses) on Sales of Other Real Estate 1 52 1 103
Net loss/(gain) on extinguishment of debt 0 13 0 13
Other Noninterest Expense 138 172 268 351
Noninterest Expense 1,397 1,546 2,760 3,087
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 526 368 1,035 697
Income Tax Expense (Benefit) 146 91 297 160
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 380 277 738 537
Net Income (Loss) Attributable to Noncontrolling Interest 3 2 9 12
Net Income (Loss) Attributable to Parent 377 275 729 525
Net income/(loss) available to common shareholders $ 365 $ 270 $ 705 $ 515
Earnings Per Share, Diluted $ 0.68 $ 0.50 $ 1.31 $ 0.96
Earnings Per Share, Basic $ 0.68 $ 0.51 $ 1.32 $ 0.97
Common Stock, Dividends, Per Share, Declared $ 0.10 $ 0.05 $ 0.15 $ 0.10
Weighted Average Number of Shares Outstanding, Diluted 539,763 537,495 539,812 536,951
Weighted Average Number of Shares Outstanding, Basic 535,172 533,964 535,425 533,532
[1] Includes dividends on Coke common stock of $15 million and $31 million during the three and six months ended June 30, 2012, respectively.
[2] 2 Provision for credit losses represents net charge-offs for the segments.
[3] Includes OTTI securities for which credit losses have been recorded in earnings in current or prior periods.
[4] Includes credit-related OTTI losses of $0 and $2 million that were unrealized losses reclassified from OCI, before taxes, for the three months ended June 30, 2013 and 2012, respectively, and $1 million and $4 million that were unrealized losses reclassified from OCI, before taxes, for the six months ended June 30, 2013 and 2012, respectively.