Exhibit 99.2
January 2008
QUARTERLY FINANCIAL SUPPLEMENT
Investment Community Member:
To assist in your financial analysis, the following supplement of most requested information concerning Fifth Third Bancorp is provided.
Numbers are unaudited for quarterly information.
If you need further information, please fax or e-mail your request to Fifth Third’s Investor Relations Department at (513) 534-3945 or
Jeff.Richardson@53.com
Jeff Richardson | Jim Eglseder | |
SVP/Investor Relations | VP/Investor Relations | |
(513) 534-0983 | (513) 534-8424 |
Quarterly Data
Three Months Ended | ||||||||||||||||||||||||
December 31, 2007 | September 30, 2007 | June 30, 2007 | March 31, 2007 | December 31, 2006 | September 30, 2006 | June 30, 2006 | March 31, 2006 | |||||||||||||||||
Ratios (percent) | ||||||||||||||||||||||||
Return on average assets | 0.14 | 1.26 | 1.49 | 1.47 | 0.25 | 1.41 | 1.45 | 1.41 | ||||||||||||||||
Return on average equity | 1.6 | 13.8 | 15.7 | 14.6 | 2.6 | 15.1 | 16.0 | 15.3 | ||||||||||||||||
Average equity as a percent of average assets | 8.77 | 9.13 | 9.53 | 10.05 | 9.70 | 9.33 | 9.09 | 9.17 | ||||||||||||||||
Net interest margin (a) | 3.29 | 3.34 | 3.37 | 3.44 | 3.16 | 2.99 | 3.01 | 3.08 | ||||||||||||||||
Efficiency (a) | 72.4 | 60.3 | 55.3 | 57.0 | 82.9 | 55.5 | 55.3 | 54.7 | ||||||||||||||||
Net losses charged off as a percent of average loans and leases | 0.89 | 0.60 | 0.55 | 0.39 | 0.52 | 0.43 | 0.37 | 0.42 | ||||||||||||||||
Allowance for loan and lease losses as a percent of loans and leases | 1.17 | 1.08 | 1.06 | 1.05 | 1.04 | 1.04 | 1.04 | 1.05 | ||||||||||||||||
Allowance for credit losses as a percent of loans and leases | 1.29 | 1.19 | 1.16 | 1.15 | 1.14 | 1.14 | 1.14 | 1.14 | ||||||||||||||||
Nonperforming assets as a percent of loans, leases and other assets, including OREO | 1.32 | 0.92 | 0.70 | 0.66 | 0.61 | 0.56 | 0.49 | 0.51 | ||||||||||||||||
Allowance for loan and lease losses as a percent of nonperforming assets | 88.06 | 117.10 | 152.21 | 158.80 | 169.62 | 185.04 | 210.37 | 205.78 | ||||||||||||||||
Allowance for credit losses as a percent of nonperforming assets | 96.99 | 128.24 | 166.77 | 174.82 | 186.33 | 203.39 | 230.94 | 224.76 | ||||||||||||||||
Common Share Data | ||||||||||||||||||||||||
Earnings per share | $ | 0.07 | $ | 0.61 | $ | 0.69 | $ | 0.65 | $ | 0.12 | $ | 0.68 | $ | 0.69 | $ | 0.66 | ||||||||
Earnings per diluted share | 0.07 | 0.61 | 0.69 | 0.65 | 0.12 | 0.68 | 0.69 | 0.65 | ||||||||||||||||
Cash dividends per common share | 0.44 | 0.42 | 0.42 | 0.42 | 0.40 | 0.40 | 0.40 | 0.38 | ||||||||||||||||
Book value per share | 17.24 | 17.45 | 17.16 | 17.82 | 18.02 | 17.96 | 17.13 | 17.01 | ||||||||||||||||
Common shares outstanding, excluding treasury | 532,671,925 | 532,626,990 | 535,696,910 | 550,077,279 | 556,252,674 | 558,066,338 | 557,894,188 | 556,500,991 | ||||||||||||||||
Market price per share: | ||||||||||||||||||||||||
High | $ | 35.34 | $ | 41.17 | $ | 43.32 | $ | 41.41 | $ | 41.57 | $ | 40.18 | $ | 41.02 | $ | 41.43 | ||||||||
Low | 24.82 | 33.60 | 37.88 | 37.93 | 37.75 | 35.95 | 35.86 | 36.30 | ||||||||||||||||
End of period | 25.13 | 33.88 | 39.77 | 38.69 | 40.93 | 38.08 | 36.95 | 39.36 | ||||||||||||||||
Price/earnings ratio (b) | 12.44 | 16.37 | 18.58 | 18.08 | 19.13 | 14.53 | 13.94 | 14.52 | ||||||||||||||||
Supplemental Data | ||||||||||||||||||||||||
Common dividends declared ($ in millions) | $ | 234 | $ | 224 | $ | 225 | $ | 231 | $ | 222 | $ | 223 | $ | 223 | $ | 211 | ||||||||
Full-time equivalent employees | 21,683 | 20,775 | 21,033 | 21,442 | 21,362 | 21,301 | 21,230 | 21,497 | ||||||||||||||||
Banking centers | 1,227 | 1,181 | 1,167 | 1,161 | 1,150 | 1,145 | 1,138 | 1,132 | ||||||||||||||||
ATMs | 2,211 | 2,153 | 2,132 | 2,104 | 2,096 | 2,114 | 2,034 | 2,025 |
(a) | Presented on a fully taxable equivalent basis (“FTE”). |
(b) | Based on the most recent twelve-month earnings per diluted share and end of period stock prices. |
2
Three Months Ended | ||||||||||||||||||||||||||||||||
December 31, 2007 | September 30, 2007 | June 30, 2007 | March 31, 2007 | December 31, 2006 | September 30, 2006 | June 30, 2006 | March 31, 2006 | |||||||||||||||||||||||||
Income Statement ($ in millions) | ||||||||||||||||||||||||||||||||
Interest income (FTE) | $ | 1,556 | $ | 1,535 | $ | 1,495 | $ | 1,466 | $ | 1,551 | $ | 1,540 | $ | 1,483 | $ | 1,405 | ||||||||||||||||
Interest expense | 771 | 775 | 750 | 724 | 807 | 821 | 767 | 687 | ||||||||||||||||||||||||
Net interest income (FTE) | 785 | 760 | 745 | 742 | 744 | 719 | 716 | 718 | ||||||||||||||||||||||||
Provision for loan and lease losses | 284 | 139 | 121 | 84 | 107 | 87 | 71 | 78 | ||||||||||||||||||||||||
Noninterest income: | ||||||||||||||||||||||||||||||||
Electronic payment processing revenue | 268 | 253 | 243 | 225 | 232 | 218 | 211 | 196 | ||||||||||||||||||||||||
Service charges on deposits | 160 | 151 | 142 | 126 | 122 | 134 | 135 | 126 | ||||||||||||||||||||||||
Investment advisory revenue | 94 | 95 | 97 | 96 | 90 | 89 | 96 | 91 | ||||||||||||||||||||||||
Corporate banking revenue | 106 | 91 | 88 | 83 | 82 | 79 | 82 | 76 | ||||||||||||||||||||||||
Mortgage banking net revenue | 26 | 26 | 41 | 40 | 30 | 36 | 41 | 47 | ||||||||||||||||||||||||
Other noninterest income | (91 | ) | 93 | 96 | 78 | 58 | 87 | 76 | 80 | |||||||||||||||||||||||
Securities gains (losses), net | 7 | 13 | — | — | (398 | ) | 19 | 14 | 1 | |||||||||||||||||||||||
Securities gains, net - non-qualifying hedges on mortgage servicing rights | 6 | — | — | — | 3 | — | — | — | ||||||||||||||||||||||||
Total noninterest income | 576 | 722 | 707 | 648 | 219 | 662 | 655 | 617 | ||||||||||||||||||||||||
Noninterest expense: | ||||||||||||||||||||||||||||||||
Salaries, wages and incentives | 328 | 310 | 309 | 292 | 300 | 288 | 303 | 284 | ||||||||||||||||||||||||
Employee benefits | 56 | 67 | 68 | 87 | 61 | 74 | 69 | 87 | ||||||||||||||||||||||||
Payment processing expense | 113 | 105 | 97 | 92 | 89 | 84 | 80 | 71 | ||||||||||||||||||||||||
Net occupancy expense | 70 | 66 | 68 | 65 | 65 | 63 | 59 | 58 | ||||||||||||||||||||||||
Technology and communications | 47 | 41 | 41 | 40 | 39 | 36 | 34 | 33 | ||||||||||||||||||||||||
Equipment expense | 32 | 30 | 31 | 29 | 30 | 32 | 28 | 26 | ||||||||||||||||||||||||
Other noninterest expense | 339 | 275 | 189 | 188 | 214 | 190 | 186 | 172 | ||||||||||||||||||||||||
Total noninterest expense | 985 | 894 | 803 | 793 | 798 | 767 | 759 | 731 | ||||||||||||||||||||||||
Income before income taxes and cumulative effect (FTE) | 92 | 449 | 528 | 513 | 58 | 527 | 541 | 526 | ||||||||||||||||||||||||
Taxable equivalent adjustment | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | ||||||||||||||||||||||||
Income before income taxes and cumulative effect | 86 | 443 | 522 | 507 | 52 | 521 | 535 | 519 | ||||||||||||||||||||||||
Applicable income taxes | 48 | 118 | 146 | 148 | (14 | ) | 144 | 153 | 160 | |||||||||||||||||||||||
Income before cumulative effect | 38 | 325 | 376 | 359 | 66 | 377 | 382 | 359 | ||||||||||||||||||||||||
Cumulative effect of change in accounting principle, net of tax | — | — | — | — | — | — | — | 4 | ||||||||||||||||||||||||
Net income | $ | 38 | $ | 325 | $ | 376 | $ | 359 | $ | 66 | $ | 377 | $ | 382 | $ | 363 | ||||||||||||||||
Net income available to common shareholders (a) | $ | 38 | $ | 325 | $ | 375 | $ | 359 | $ | 66 | $ | 377 | $ | 382 | $ | 363 | ||||||||||||||||
Regulatory Capital Data ($ in millions) (b) | ||||||||||||||||||||||||||||||||
Tier I capital | $ | 8,931 | $ | 9,201 | $ | 8,616 | $ | 9,053 | $ | 8,625 | $ | 8,810 | $ | 8,660 | $ | 8,434 | ||||||||||||||||
Tier II capital | 2,809 | 2,623 | 2,547 | 2,581 | 2,760 | 2,007 | 1,957 | 1,966 | ||||||||||||||||||||||||
Total risk-based capital | $ | 11,740 | $ | 11,824 | $ | 11,163 | $ | 11,634 | $ | 11,385 | $ | 10,817 | $ | 10,617 | $ | 10,400 | ||||||||||||||||
Risk-weighted assets | $ | 115,775 | $ | 108,754 | $ | 105,950 | $ | 103,937 | $ | 102,823 | $ | 101,940 | $ | 101,126 | $ | 98,511 | ||||||||||||||||
Tier I capital ratio | 7.71 | % | 8.46 | % | 8.13 | % | 8.71 | % | 8.39 | % | 8.64 | % | 8.56 | % | 8.56 | % | ||||||||||||||||
Total risk-based capital ratio | 10.14 | % | 10.87 | % | 10.54 | % | 11.19 | % | 11.07 | % | 10.61 | % | 10.50 | % | 10.56 | % | ||||||||||||||||
Tier I leverage ratio | 8.51 | % | 9.23 | % | 8.76 | % | 9.36 | % | 8.44 | % | 8.52 | % | 8.38 | % | 8.24 | % |
(a) | Dividends on preferred stock are $.185 million for all quarters presented. |
(b) | December 31, 2007 regulatory capital data and ratios are estimated. |
3
As of | ||||||||||||||||||||||||||||||||
December 31, 2007 | September 30, 2007 | June 30, 2007 | March 31, 2007 | December 31, 2006 | September 30, 2006 | June 30, 2006 | March 31, 2006 | |||||||||||||||||||||||||
Balance Sheet ($ in millions, except share data) | ||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Cash and due from banks | $ | 2,687 | $ | 2,540 | $ | 2,327 | $ | 2,244 | $ | 2,737 | $ | 2,399 | $ | 2,670 | $ | 2,494 | ||||||||||||||||
Available-for-sale and other securities | 10,677 | 10,777 | 11,015 | 10,592 | 11,053 | 19,514 | 20,345 | 21,276 | ||||||||||||||||||||||||
Held-to-maturity securities | 355 | 346 | 346 | 347 | 356 | 359 | 358 | 365 | ||||||||||||||||||||||||
Trading securities | 171 | 155 | 148 | 160 | 187 | 164 | 173 | 156 | ||||||||||||||||||||||||
Other short-term investments | 593 | 720 | 404 | 223 | 809 | 125 | 207 | 159 | ||||||||||||||||||||||||
Total cash and securities | 14,483 | 14,538 | 14,240 | 13,566 | 15,142 | 22,561 | 23,753 | 24,450 | ||||||||||||||||||||||||
Loans held for sale | 4,329 | 2,761 | 1,708 | 1,382 | 1,150 | 872 | 931 | 744 | ||||||||||||||||||||||||
Portfolio loans and leases | 80,253 | 76,254 | 75,709 | 74,821 | 74,353 | 73,480 | 72,577 | 71,422 | ||||||||||||||||||||||||
Total loans and leases | 84,582 | 79,015 | 77,417 | 76,203 | 75,503 | 74,352 | 73,508 | 72,166 | ||||||||||||||||||||||||
Allowance for loan and lease losses | (937 | ) | (827 | ) | (803 | ) | (784 | ) | (771 | ) | (761 | ) | (753 | ) | (749 | ) | ||||||||||||||||
Bank premises and equipment | 2,223 | 2,127 | 2,063 | 2,001 | 1,940 | 1,902 | 1,853 | 1,798 | ||||||||||||||||||||||||
Operating lease equipment | 353 | 283 | 209 | 212 | 202 | 142 | 150 | 137 | ||||||||||||||||||||||||
Goodwill | 2,470 | 2,192 | 2,192 | 2,192 | 2,193 | 2,193 | 2,194 | 2,194 | ||||||||||||||||||||||||
Intangible assets | 147 | 138 | 147 | 158 | 166 | 175 | 185 | 189 | ||||||||||||||||||||||||
Servicing rights | 618 | 626 | 607 | 572 | 524 | 504 | 489 | 468 | ||||||||||||||||||||||||
Other real estate owned | 159 | 127 | 113 | 99 | 88 | 80 | 69 | 68 | ||||||||||||||||||||||||
Other assets | 6,886 | 6,046 | 5,205 | 5,605 | 5,682 | 4,680 | 4,663 | 4,323 | ||||||||||||||||||||||||
Total assets | $ | 110,984 | $ | 104,265 | $ | 101,390 | $ | 99,824 | $ | 100,669 | $ | 105,828 | $ | 106,111 | $ | 105,044 | ||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||
Deposits: | ||||||||||||||||||||||||||||||||
Demand | $ | 14,404 | $ | 13,174 | $ | 13,524 | $ | 13,510 | $ | 14,331 | $ | 13,883 | $ | 14,078 | $ | 14,134 | ||||||||||||||||
Interest checking | 15,254 | 14,294 | 14,672 | 15,755 | 15,993 | 15,855 | 16,788 | 17,511 | ||||||||||||||||||||||||
Savings | 15,635 | 15,599 | 15,036 | 14,256 | 13,181 | 12,392 | 12,061 | 11,902 | ||||||||||||||||||||||||
Money market | 6,521 | 6,163 | 6,334 | 6,336 | 6,584 | 6,462 | 6,505 | 6,399 | ||||||||||||||||||||||||
Foreign office | 2,572 | 2,014 | 1,744 | 1,495 | 1,353 | 846 | 842 | 559 | ||||||||||||||||||||||||
Other time | 11,440 | 10,267 | 10,428 | 10,869 | 10,987 | 10,818 | 10,627 | 10,105 | ||||||||||||||||||||||||
Certificates - $100,000 and over | 6,738 | 5,973 | 6,204 | 6,776 | 6,628 | 6,871 | 5,691 | 5,085 | ||||||||||||||||||||||||
Other foreign office | 2,881 | 1,898 | 1,251 | 191 | 323 | 1,516 | 3,931 | 3,315 | ||||||||||||||||||||||||
Total deposits | 75,445 | 69,382 | 69,193 | 69,188 | 69,380 | 68,643 | 70,523 | 69,010 | ||||||||||||||||||||||||
Federal funds purchased | 4,427 | 5,130 | 3,824 | 1,622 | 1,421 | 5,434 | 2,493 | 3,715 | ||||||||||||||||||||||||
Other short-term borrowings | 4,747 | 3,796 | 3,331 | 2,383 | 2,796 | 3,833 | 5,275 | 4,472 | ||||||||||||||||||||||||
Other liabilities | 4,325 | 4,166 | 3,894 | 4,207 | 4,492 | 3,726 | 3,762 | 3,632 | ||||||||||||||||||||||||
Long-term debt | 12,857 | 12,498 | 11,957 | 12,620 | 12,558 | 14,170 | 14,502 | 14,746 | ||||||||||||||||||||||||
Total liabilities | 101,801 | 94,972 | 92,199 | 90,020 | 90,647 | 95,806 | 96,555 | 95,575 | ||||||||||||||||||||||||
Shareholders’ Equity | ||||||||||||||||||||||||||||||||
Common and preferred equity | 11,518 | 11,665 | 11,542 | 11,440 | 11,433 | 11,576 | 11,411 | 11,274 | ||||||||||||||||||||||||
Accumulated other comprehensive income | (57 | ) | (55 | ) | (56 | ) | (58 | ) | (59 | ) | (5 | ) | (5 | ) | (5 | ) | ||||||||||||||||
Net unrealized gains (losses): | ||||||||||||||||||||||||||||||||
Available-for-sale securities | (94 | ) | (149 | ) | (230 | ) | (105 | ) | (119 | ) | (382 | ) | (670 | ) | (553 | ) | ||||||||||||||||
Qualifying cash flow hedges | 25 | 6 | (7 | ) | — | (1 | ) | (5 | ) | (8 | ) | (10 | ) | |||||||||||||||||||
Treasury stock, at cost | (2,209 | ) | (2,174 | ) | (2,058 | ) | (1,473 | ) | (1,232 | ) | (1,162 | ) | (1,172 | ) | (1,237 | ) | ||||||||||||||||
Total shareholders’ equity | 9,183 | 9,293 | 9,191 | 9,804 | 10,022 | 10,022 | 9,556 | 9,469 | ||||||||||||||||||||||||
Total liabilities & shareholders’ equity | $ | 110,984 | $ | 104,265 | $ | 101,390 | $ | 99,824 | $ | 100,669 | $ | 105,828 | $ | 106,111 | $ | 105,044 | ||||||||||||||||
Share Data | ||||||||||||||||||||||||||||||||
Preferred shares outstanding | 9,250 | 9,250 | 9,250 | 9,250 | 9,250 | 9,250 | 9,250 | 9,250 | ||||||||||||||||||||||||
Common shares outstanding, excluding treasury | 532,671,925 | 532,626,990 | 535,696,910 | 550,077,279 | 556,252,674 | 558,066,338 | 557,894,188 | 556,500,991 | ||||||||||||||||||||||||
Treasury shares held | 50,755,179 | 50,800,114 | 47,730,194 | 33,349,825 | 27,174,430 | 25,360,766 | 25,532,916 | 26,926,113 |
4
Three Months Ended | ||||||||||||||||||||||||||||||||
December 31, 2007 | September 30, 2007 | June 30, 2007 | March 31, 2007 | December 31, 2006 | September 30, 2006 | June 30, 2006 | March 31, 2006 | |||||||||||||||||||||||||
Average Balance Sheet ($ in millions, except share data) | ||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Interest-earning assets: | ||||||||||||||||||||||||||||||||
Loans and leases | $ | 82,171 | $ | 78,244 | $ | 77,048 | $ | 75,861 | $ | 75,262 | $ | 73,938 | $ | 73,093 | $ | 71,634 | ||||||||||||||||
Taxable securities | 11,360 | 11,180 | 11,030 | 10,951 | 16,685 | 20,836 | 21,642 | 22,116 | ||||||||||||||||||||||||
Tax exempt securities | 464 | 490 | 508 | 534 | 568 | 587 | 616 | 644 | ||||||||||||||||||||||||
Other short-term investments | 628 | 459 | 173 | 188 | 1,009 | 159 | 181 | 157 | ||||||||||||||||||||||||
Total interest-earning assets | 94,623 | 90,373 | 88,759 | 87,534 | 93,524 | 95,520 | 95,532 | 94,551 | ||||||||||||||||||||||||
Cash and due from banks | 2,479 | 2,228 | 2,265 | 2,287 | 2,398 | 2,355 | 2,564 | 2,668 | ||||||||||||||||||||||||
Other assets | 11,445 | 10,330 | 10,524 | 10,140 | 9,440 | 8,745 | 8,393 | 8,261 | ||||||||||||||||||||||||
Allowance for loan and lease losses | (819 | ) | (800 | ) | (781 | ) | (769 | ) | (760 | ) | (752 | ) | (748 | ) | (744 | ) | ||||||||||||||||
Total assets | $ | 107,728 | $ | 102,131 | $ | 100,767 | $ | 99,192 | $ | 104,602 | $ | 105,868 | $ | 105,741 | $ | 104,736 | ||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||
Interest-bearing liabilities: | ||||||||||||||||||||||||||||||||
Interest checking | $ | 14,394 | $ | 14,334 | $ | 15,061 | $ | 15,509 | $ | 15,744 | $ | 16,251 | $ | 17,025 | $ | 17,603 | ||||||||||||||||
Savings | 15,616 | 15,390 | 14,620 | 13,689 | 12,812 | 12,279 | 12,064 | 11,588 | ||||||||||||||||||||||||
Money market | 6,363 | 6,247 | 6,244 | 6,377 | 6,572 | 6,371 | 6,429 | 6,086 | ||||||||||||||||||||||||
Foreign office | 2,249 | 1,808 | 1,637 | 1,343 | 1,047 | 770 | 680 | 424 | ||||||||||||||||||||||||
Other time | 11,011 | 10,290 | 10,780 | 11,037 | 10,991 | 10,794 | 10,449 | 9,749 | ||||||||||||||||||||||||
Certificates - $100,000 and over | 6,613 | 6,062 | 6,511 | 6,682 | 6,750 | 6,415 | 5,316 | 4,670 | ||||||||||||||||||||||||
Other foreign office | 2,464 | 1,981 | 732 | 364 | 1,711 | 2,898 | 3,702 | 3,626 | ||||||||||||||||||||||||
Federal funds purchased | 4,189 | 4,322 | 3,540 | 2,505 | 3,615 | 4,546 | 3,886 | 4,553 | ||||||||||||||||||||||||
Other short-term borrowings | 4,890 | 3,285 | 2,372 | 2,400 | 4,468 | 4,056 | 4,854 | 4,718 | ||||||||||||||||||||||||
Long-term debt | 13,188 | 12,351 | 12,238 | 12,242 | 13,059 | 14,355 | 14,465 | 15,132 | ||||||||||||||||||||||||
Total interest-bearing liabilities | 80,977 | 76,070 | 73,735 | 72,148 | 76,769 | 78,735 | 78,870 | 78,149 | ||||||||||||||||||||||||
Demand deposits | 13,345 | 13,143 | 13,370 | 13,185 | 13,882 | 13,642 | 13,764 | 13,674 | ||||||||||||||||||||||||
Other liabilities | 3,959 | 3,594 | 4,063 | 3,889 | 3,801 | 3,613 | 3,500 | 3,312 | ||||||||||||||||||||||||
Total liabilities | 98,281 | 92,807 | 91,168 | 89,222 | 94,452 | 95,990 | 96,134 | 95,135 | ||||||||||||||||||||||||
Shareholders’ equity | 9,447 | 9,324 | 9,599 | 9,970 | 10,150 | 9,878 | 9,607 | 9,601 | ||||||||||||||||||||||||
Total liabilities & shareholders’ equity | $ | 107,728 | $ | 102,131 | $ | 100,767 | $ | 99,192 | $ | 104,602 | $ | 105,868 | $ | 105,741 | $ | 104,736 | ||||||||||||||||
Average loans and leases (excluding held for sale) | $ | 78,174 | $ | 76,295 | $ | 75,205 | $ | 74,416 | $ | 74,032 | $ | 72,903 | $ | 72,209 | $ | 70,603 | ||||||||||||||||
Average common shares outstanding: | ||||||||||||||||||||||||||||||||
Basic | 529,119,898 | 530,123,356 | 540,263,755 | 551,501,038 | 554,978,470 | 555,565,365 | 554,977,557 | 554,397,914 | ||||||||||||||||||||||||
Diluted | 530,938,891 | 532,470,709 | 543,228,461 | 554,174,864 | 557,654,120 | 557,948,598 | 557,489,491 | 556,868,587 |
5
Three Months Ended | ||||||||||||||||||||||||||||||||
December 31, 2007 | September 30, 2007 | June 30, 2007 | March 31, 2007 | December 31, 2006 | September 30, 2006 | June 30, 2006 | March 31, 2006 | |||||||||||||||||||||||||
Asset Quality ($ in millions) | ||||||||||||||||||||||||||||||||
Nonaccrual loans and leases | $ | 893 | $ | 569 | $ | 406 | $ | 390 | $ | 352 | $ | 320 | $ | 281 | $ | 291 | ||||||||||||||||
Other assets, including other real estate owned | 171 | 137 | 122 | 104 | 103 | 91 | 77 | 73 | ||||||||||||||||||||||||
Total nonperforming assets | $ | 1,064 | $ | 706 | $ | 528 | $ | 494 | $ | 455 | $ | 411 | $ | 358 | $ | 364 | ||||||||||||||||
Ninety days past due loans and leases | $ | 491 | $ | 360 | $ | 302 | $ | 243 | $ | 210 | $ | 196 | $ | 191 | $ | 160 | ||||||||||||||||
End of Period Loans and Leases ($ in millions)(net of unearned discount) | ||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||
Commercial loans | $ | 26,079 | $ | 23,317 | $ | 22,162 | $ | 21,479 | $ | 20,831 | $ | 21,260 | $ | 20,717 | $ | 19,967 | ||||||||||||||||
Commercial mortgage | 11,967 | 11,178 | 11,112 | 10,909 | 10,405 | 9,879 | 9,792 | 9,861 | ||||||||||||||||||||||||
Commercial construction | 5,561 | 5,463 | 5,469 | 5,688 | 6,168 | 5,879 | 5,950 | 5,883 | ||||||||||||||||||||||||
Commercial leases | 3,737 | 3,710 | 3,698 | 3,694 | 3,841 | 3,752 | 3,740 | 3,726 | ||||||||||||||||||||||||
Subtotal - commercial | 47,344 | 43,668 | 42,441 | 41,770 | 41,245 | 40,770 | 40,199 | 39,437 | ||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||
Residential mortgage | 11,433 | 9,945 | 10,038 | 9,730 | 9,905 | 9,629 | 9,528 | 9,122 | ||||||||||||||||||||||||
Home equity | 11,874 | 11,737 | 11,780 | 11,948 | 12,154 | 12,235 | 12,087 | 11,894 | ||||||||||||||||||||||||
Automobile loans | 11,183 | 11,043 | 10,714 | 10,400 | 10,028 | 9,599 | 9,512 | 9,453 | ||||||||||||||||||||||||
Credit card | 1,591 | 1,460 | 1,263 | 1,111 | 1,004 | 876 | 846 | 763 | ||||||||||||||||||||||||
Other consumer loans and leases | 1,157 | 1,162 | 1,181 | 1,244 | 1,167 | 1,243 | 1,336 | 1,497 | ||||||||||||||||||||||||
Subtotal - consumer | 37,238 | 35,347 | 34,976 | 34,433 | 34,258 | 33,582 | 33,309 | 32,729 | ||||||||||||||||||||||||
Total loans and leases | $ | 84,582 | $ | 79,015 | $ | 77,417 | $ | 76,203 | $ | 75,503 | $ | 74,352 | $ | 73,508 | $ | 72,166 | ||||||||||||||||
Average Loans and Leases ($ in millions)(net of unearned discount) | ||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||
Commercial loans | $ | 24,526 | $ | 22,345 | $ | 21,587 | $ | 20,908 | $ | 21,228 | $ | 20,879 | $ | 20,338 | $ | 19,549 | ||||||||||||||||
Commercial mortgage | 11,588 | 11,117 | 11,030 | 10,566 | 9,929 | 9,833 | 9,980 | 9,441 | ||||||||||||||||||||||||
Commercial construction | 5,544 | 5,499 | 5,595 | 6,014 | 6,099 | 5,913 | 5,840 | 6,211 | ||||||||||||||||||||||||
Commercial leases | 3,692 | 3,700 | 3,678 | 3,661 | 3,762 | 3,740 | 3,729 | 3,686 | ||||||||||||||||||||||||
Subtotal - commercial | 45,350 | 42,661 | 41,890 | 41,149 | 41,018 | 40,365 | 39,887 | 38,887 | ||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||
Residential mortgage | 11,181 | 10,396 | 10,201 | 10,166 | 10,038 | 9,699 | 9,491 | 9,057 | ||||||||||||||||||||||||
Home equity | 11,843 | 11,752 | 11,886 | 12,072 | 12,225 | 12,174 | 11,999 | 11,879 | ||||||||||||||||||||||||
Automobile loans | 11,158 | 10,865 | 10,552 | 10,230 | 9,834 | 9,522 | 9,480 | 9,440 | ||||||||||||||||||||||||
Credit card | 1,461 | 1,366 | 1,248 | 1,021 | 915 | 870 | 797 | 766 | ||||||||||||||||||||||||
Other consumer loans and leases | 1,178 | 1,204 | 1,271 | 1,223 | 1,232 | 1,308 | 1,439 | 1,605 | ||||||||||||||||||||||||
Subtotal - consumer | 36,821 | 35,583 | 35,158 | 34,712 | 34,244 | 33,573 | 33,206 | 32,747 | ||||||||||||||||||||||||
Total average loans and leases | $ | 82,171 | $ | 78,244 | $ | 77,048 | $ | 75,861 | $ | 75,262 | $ | 73,938 | $ | 73,093 | $ | 71,634 | ||||||||||||||||
Nonperforming Loans ($ in millions)(non-accrual plus renegotiated) | ||||||||||||||||||||||||||||||||
Commercial loans and leases | $ | 180 | $ | 180 | $ | 141 | $ | 143 | $ | 133 | $ | 167 | $ | 129 | $ | 126 | ||||||||||||||||
Commercial mortgage | 243 | 146 | 113 | 107 | 84 | 49 | 62 | 74 | ||||||||||||||||||||||||
Commercial construction loans | 249 | 105 | 65 | 57 | 54 | 31 | 18 | 20 | ||||||||||||||||||||||||
Consumer mortgage and construction | 121 | 74 | 40 | 38 | 38 | 34 | 34 | 34 | ||||||||||||||||||||||||
Other consumer loans and leases | 100 | 64 | 47 | 45 | 43 | 39 | 38 | 37 | ||||||||||||||||||||||||
Total nonperforming loans | $ | 893 | $ | 569 | $ | 406 | $ | 390 | $ | 352 | $ | 320 | $ | 281 | $ | 291 | ||||||||||||||||
Credit Charge-Offs ($ in millions) | ||||||||||||||||||||||||||||||||
Gross charge-offs | $ | (193 | ) | $ | (127 | ) | $ | (124 | ) | $ | (99 | ) | $ | (118 | ) | $ | (96 | ) | $ | (96 | ) | $ | (96 | ) | ||||||||
Recoveries | 19 | 12 | 22 | 28 | 21 | 17 | 29 | 23 | ||||||||||||||||||||||||
Net losses charged off | $ | (174 | ) | $ | (115 | ) | $ | (102 | ) | $ | (71 | ) | $ | (97 | ) | $ | (79 | ) | $ | (67 | ) | $ | (73 | ) | ||||||||
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