Exhibit 99.4
January 2014
ANNUAL 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 year-end 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 IR@53.com
Jim Eglseder | Laura Wehby | |||||
VP / Investor Relations | VP / Investor Relations | |||||
(513) 534-8424 | (513) 534-7407 |
Yearly Data
Years Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||
Ratios (percent) | ||||||||||||||||||||
Return on average assets | 1.48 | 1.34 | 1.15 | 0.67 | 0.64 | |||||||||||||||
Return on average common equity | 13.1 | 11.6 | 9.0 | 5.0 | 5.6 | |||||||||||||||
Average Bancorp shareholders’ equity as a percent of average assets | 11.56 | 11.65 | 11.41 | 12.22 | 11.36 | |||||||||||||||
Net interest margin(a) | 3.32 | 3.55 | 3.66 | 3.66 | 3.32 | |||||||||||||||
Efficiency(a) | 58.2 | 61.7 | 62.3 | 60.7 | 46.9 | |||||||||||||||
Net losses charged off as a percent of average loans and leases | 0.58 | 0.85 | 1.49 | 3.02 | 3.20 | |||||||||||||||
ALLL as a percent of portfolio loans and leases | 1.79 | 2.16 | 2.78 | 3.88 | 4.88 | |||||||||||||||
Allowance for credit losses as a percent of portfolio loans and leases | 1.97 | 2.37 | 3.01 | 4.17 | 5.27 | |||||||||||||||
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(b) | 1.10 | 1.49 | 2.23 | 2.79 | 4.22 | |||||||||||||||
Allowance for loan and lease losses as a percent of nonperforming assets(b) | 161 | 144 | 124 | 138 | 116 | |||||||||||||||
Allowance for credit losses as a percent of nonperforming assets(b) | 178 | 158 | 134 | 149 | 125 | |||||||||||||||
Common Share Data | ||||||||||||||||||||
Earnings per share | $ | 2.05 | $ | 1.69 | $ | 1.20 | $ | 0.63 | $ | 0.73 | ||||||||||
Earnings per diluted share | $ | 2.02 | $ | 1.66 | $ | 1.18 | $ | 0.63 | $ | 0.67 | ||||||||||
Cash dividends per common share | 0.47 | 0.36 | 0.28 | 0.04 | 0.04 | |||||||||||||||
Book value per share | 15.85 | 15.10 | 13.92 | 13.06 | 12.44 | |||||||||||||||
Common shares outstanding, excluding treasury | 855,305,745 | 882,152,057 | 919,804,436 | 796,272,522 | 795,068,164 | |||||||||||||||
Market price per share: | ||||||||||||||||||||
High | $ | 21.04 | $ | 16.16 | $ | 15.75 | $ | 15.95 | $ | 11.20 | �� | |||||||||
Low | 15.35 | 12.04 | 9.13 | 9.81 | 1.01 | |||||||||||||||
End of period | 21.03 | 15.20 | 12.72 | 14.68 | 9.75 | |||||||||||||||
Supplemental Data | ||||||||||||||||||||
Common dividends declared ($ in millions) | $ | 407 | $ | 325 | $ | 257 | $ | 32 | $ | 29 | ||||||||||
Full-time equivalent employees | 19,446 | 20,798 | 21,334 | 20,838 | 20,998 | |||||||||||||||
Banking centers | 1,320 | 1,325 | 1,316 | 1,312 | 1,309 | |||||||||||||||
ATMs | 2,586 | 2,415 | 2,425 | 2,445 | 2,358 |
(a) | Presented on a fully taxable equivalent basis (FTE). |
(b) | Excludes nonperforming assets held for sale. |
Page 2
Yearly Data
Years Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||
Income Statement ($ in millions) | ||||||||||||||||||||
Interest income (FTE) | $ | 3,993 | $ | 4,125 | $ | 4,236 | $ | 4,507 | $ | 4,687 | ||||||||||
Interest expense | 412 | 512 | 661 | 885 | 1,314 | |||||||||||||||
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Net interest income (FTE) | 3,581 | 3,613 | 3,575 | 3,622 | 3,373 | |||||||||||||||
Provision for loan and lease losses | 229 | 303 | 423 | 1,538 | 3,543 | |||||||||||||||
Noninterest income: | ||||||||||||||||||||
Service charges on deposits | 549 | 522 | 520 | 574 | 632 | |||||||||||||||
Investment advisory revenue | 393 | 374 | 375 | 361 | 326 | |||||||||||||||
Corporate banking revenue | 400 | 413 | 350 | 364 | 372 | |||||||||||||||
Mortgage banking net revenue | 700 | 845 | 597 | 647 | 553 | |||||||||||||||
Card and processing revenue | 272 | 253 | 308 | 316 | 615 | |||||||||||||||
Gain on sale of processing business | — | — | — | — | 1,758 | |||||||||||||||
Other noninterest income | 879 | 574 | 250 | 406 | 479 | |||||||||||||||
Securities gains, net | 21 | 15 | 46 | 47 | (10 | ) | ||||||||||||||
Securities gains, net—non-qualifying hedges on mortgage servicing rights | 13 | 3 | 9 | 14 | 57 | |||||||||||||||
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Total noninterest income | 3,227 | 2,999 | 2,455 | 2,729 | 4,782 | |||||||||||||||
Noninterest expense: | ||||||||||||||||||||
Salaries, wages and incentives | 1,581 | 1,607 | 1,478 | 1,430 | 1,339 | |||||||||||||||
Employee benefits | 357 | 371 | 330 | 314 | 311 | |||||||||||||||
Net occupancy expense | 307 | 302 | 305 | 298 | 308 | |||||||||||||||
Technology and communications | 204 | 196 | 188 | 189 | 181 | |||||||||||||||
Equipment expense | 114 | 110 | 113 | 122 | 123 | |||||||||||||||
Card and processing expense | 134 | 121 | 120 | 108 | 193 | |||||||||||||||
Other noninterest expense | 1,264 | 1,374 | 1,224 | 1,394 | 1,371 | |||||||||||||||
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Total noninterest expense | 3,961 | 4,081 | 3,758 | 3,855 | 3,826 | |||||||||||||||
Income before income taxes (FTE) | 2,618 | 2,228 | 1,849 | 958 | 786 | |||||||||||||||
Taxable equivalent adjustment | 20 | 18 | 18 | 18 | 19 | |||||||||||||||
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Income before income taxes | 2,598 | 2,210 | 1,831 | 940 | 767 | |||||||||||||||
Applicable income tax | 772 | 636 | 533 | 187 | 30 | |||||||||||||||
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Net income | $ | 1,826 | $ | 1,574 | $ | 1,298 | $ | 753 | $ | 737 | ||||||||||
Less: Net income attributable to noncontrolling interests | (10 | ) | (2 | ) | 1 | — | — | |||||||||||||
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Net income attributable to Bancorp | $ | 1,836 | $ | 1,576 | $ | 1,297 | $ | 753 | $ | 737 | ||||||||||
Dividends on preferred stock | 37 | 35 | 203 | 250 | 226 | |||||||||||||||
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Net income available to common shareholders | $ | 1,799 | $ | 1,541 | $ | 1,094 | $ | 503 | $ | 511 | ||||||||||
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Regulatory Capital Data ($ in millions)(a) | ||||||||||||||||||||
Tier I capital | $ | 12,094 | $ | 11,685 | $ | 12,503 | $ | 13,965 | $ | 13,428 | ||||||||||
Tier II capital | 4,348 | 4,131 | 4,382 | 4,208 | 4,207 | |||||||||||||||
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Total risk-based capital | $ | 16,442 | $ | 15,816 | $ | 16,885 | $ | 18,173 | $ | 17,635 | ||||||||||
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Risk-weighted assets | $ | 116,836 | $ | 109,699 | $ | 104,945 | $ | 100,193 | $ | 100,933 | ||||||||||
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Tier I risk-based capital ratio | 10.35 | % | 10.65 | % | 11.91 | % | 13.89 | % | 13.30 | % | ||||||||||
Total risk-based capital ratio | 14.07 | % | 14.42 | % | 16.09 | % | 18.08 | % | 17.48 | % | ||||||||||
Tier I leverage ratio | 9.64 | % | 10.05 | % | 11.10 | % | 12.79 | % | 12.34 | % | ||||||||||
Tier I common equity ratio | 9.38 | % | 9.51 | % | 9.35 | % | 7.48 | % | 6.99 | % |
(a) | Current period regulatory capital data and ratios are estimated. |
Page 3
Yearly Data
Years Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||
Balance Sheet ($ in millions, except share data) | ||||||||||||||||||||
Assets | ||||||||||||||||||||
Cash and due from banks | $ | 3,178 | $ | 2,441 | $ | 2,663 | $ | 2,159 | $ | 2,318 | ||||||||||
Available-for-sale and other securities | 18,597 | 15,207 | 15,362 | 15,414 | 18,213 | |||||||||||||||
Held-to-maturity securities | 208 | 284 | 322 | 353 | 355 | |||||||||||||||
Trading securities | 343 | 207 | 177 | 294 | 355 | |||||||||||||||
Other short-term investments | 5,116 | 2,421 | 1,781 | 1,515 | 3,369 | |||||||||||||||
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Total cash and securities | 27,442 | 20,560 | 20,305 | 19,735 | 24,610 | |||||||||||||||
Loans held for sale | 944 | 2,939 | 2,954 | 2,216 | 2,067 | |||||||||||||||
Portfolio loans and leases | 88,614 | 85,782 | 81,018 | 77,491 | 76,779 | |||||||||||||||
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Total loans and leases | 89,558 | 88,721 | 83,972 | 79,707 | 78,846 | |||||||||||||||
Allowance for loan and lease losses | (1,582 | ) | (1,854 | ) | (2,255 | ) | (3,004 | ) | (3,749 | ) | ||||||||||
Bank premises and equipment | 2,531 | 2,542 | 2,447 | 2,389 | 2,400 | |||||||||||||||
Operating lease equipment | 730 | 581 | 497 | 479 | 499 | |||||||||||||||
Goodwill | 2,416 | 2,416 | 2,417 | 2,417 | 2,417 | |||||||||||||||
Intangible assets | 19 | 27 | 40 | 62 | 106 | |||||||||||||||
Servicing rights | 971 | 697 | 681 | 822 | 700 | |||||||||||||||
Other real estate owned | 299 | 320 | 429 | 506 | 300 | |||||||||||||||
Other assets | 8,059 | 7,884 | 8,434 | 7,894 | 7,251 | |||||||||||||||
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Total assets | $ | 130,443 | $ | 121,894 | $ | 116,967 | $ | 111,007 | $ | 113,380 | ||||||||||
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Liabilities | ||||||||||||||||||||
Deposits: | ||||||||||||||||||||
Demand | $ | 32,634 | $ | 30,023 | $ | 27,600 | $ | 21,413 | $ | 19,411 | ||||||||||
Interest checking | 25,875 | 24,477 | 20,392 | 18,560 | 19,935 | |||||||||||||||
Savings | 17,045 | 19,879 | 21,756 | 20,903 | 17,898 | |||||||||||||||
Money market | 11,644 | 6,875 | 4,989 | 5,035 | 4,431 | |||||||||||||||
Foreign office | 1,976 | 885 | 3,250 | 3,721 | 2,454 | |||||||||||||||
Other time | 3,530 | 4,015 | 4,638 | 7,728 | 12,466 | |||||||||||||||
Certificates—$100,000 and over | 6,571 | 3,284 | 3,039 | 4,287 | 7,700 | |||||||||||||||
Other foreign office | — | 79 | 46 | 1 | 10 | |||||||||||||||
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Total deposits | 99,275 | 89,517 | 85,710 | 81,648 | 84,305 | |||||||||||||||
Federal funds purchased | 284 | 901 | 346 | 279 | 182 | |||||||||||||||
Other short-term borrowings | 1,380 | 6,280 | 3,239 | 1,574 | 1,415 | |||||||||||||||
Other liabilities | 5,245 | 4,347 | 4,739 | 3,868 | 3,474 | |||||||||||||||
Long-term debt | 9,633 | 7,085 | 9,682 | 9,558 | 10,507 | |||||||||||||||
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Total liabilities | 115,817 | 108,130 | 103,716 | 96,927 | 99,883 | |||||||||||||||
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Equity | ||||||||||||||||||||
Common and preferred equity | 15,802 | 13,975 | 12,795 | 13,867 | 13,457 | |||||||||||||||
Net unrealized gains (losses): | ||||||||||||||||||||
Available-for-sale securities | 121 | 412 | 485 | 321 | 216 | |||||||||||||||
Qualifying cash flow hedges | 13 | 50 | 80 | 67 | 105 | |||||||||||||||
Accumulated other comprehensive income related to employee benefit plans | (52 | ) | (87 | ) | (95 | ) | (74 | ) | (80 | ) | ||||||||||
Treasury stock, at cost | (1,295 | ) | (634 | ) | (64 | ) | (130 | ) | (201 | ) | ||||||||||
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Total Bancorp shareholders’ equity | 14,589 | 13,716 | 13,201 | 14,051 | 13,497 | |||||||||||||||
Noncontrolling interests | 37 | 48 | 50 | 29 | — | |||||||||||||||
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Total equity | 14,626 | 13,764 | 13,251 | 14,080 | 13,497 | |||||||||||||||
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Total liabilities and equity | $ | 130,443 | $ | 121,894 | $ | 116,967 | $ | 111,007 | $ | 113,380 | ||||||||||
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Share Data | ||||||||||||||||||||
Preferred shares outstanding—Series G | — | 16,450 | 16,450 | 152,771 | 152,771 | |||||||||||||||
Preferred shares outstanding—Series H | 24,000 | — | — | — | — | |||||||||||||||
Preferred shares outstanding—Series I | 18,000 | — | — | — | — | |||||||||||||||
Common shares outstanding, excluding treasury | 855,305,745 | 882,152,057 | 919,804,436 | 796,272,522 | 795,068,164 | |||||||||||||||
Treasury shares held | 68,586,836 | 41,740,524 | 4,088,144 | 5,231,665 | 6,436,023 |
Page 4
Yearly Data
Years Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||
Average Balance Sheet ($ in millions, except share data) | ||||||||||||||||||||
Assets | ||||||||||||||||||||
Interest-earning assets: | ||||||||||||||||||||
Loans and leases | $ | 89,093 | $ | 84,822 | $ | 80,214 | $ | 79,232 | $ | 83,391 | ||||||||||
Taxable securities | 16,395 | 15,262 | 15,334 | 16,054 | 15,897 | |||||||||||||||
Tax exempt securities | 49 | 57 | 103 | 317 | 1,203 | |||||||||||||||
Other short-term investments | 2,417 | 1,495 | 2,031 | 3,328 | 1,035 | |||||||||||||||
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Total interest-earning assets | 107,954 | 101,636 | 97,682 | 98,931 | 101,526 | |||||||||||||||
Cash and due from banks | 2,482 | 2,355 | 2,352 | 2,245 | 2,329 | |||||||||||||||
Other assets | 15,053 | 15,695 | 15,335 | 14,841 | 14,266 | |||||||||||||||
Allowance for loan and lease losses | (1,757 | ) | (2,072 | ) | (2,703 | ) | (3,583 | ) | (3,265 | ) | ||||||||||
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Total assets | $ | 123,732 | $ | 117,614 | $ | 112,666 | $ | 112,434 | $ | 114,856 | ||||||||||
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Liabilities | ||||||||||||||||||||
Interest-bearing liabilities: | ||||||||||||||||||||
Interest checking | $ | 23,582 | $ | 23,096 | $ | 18,707 | $ | 18,218 | $ | 15,070 | ||||||||||
Savings | 18,440 | 21,393 | 21,652 | 19,612 | 16,875 | |||||||||||||||
Money market | 9,467 | 4,903 | 5,154 | 4,808 | 4,320 | |||||||||||||||
Foreign office | 1,501 | 1,528 | 3,490 | 3,355 | 2,108 | |||||||||||||||
Other time | 3,760 | 4,306 | 6,260 | 10,526 | 14,103 | |||||||||||||||
Certificates—$100,000 and over | 6,339 | 3,102 | 3,656 | 6,083 | 10,367 | |||||||||||||||
Other foreign office | 17 | 27 | 7 | 6 | 157 | |||||||||||||||
Federal funds purchased | 503 | 560 | 345 | 291 | 517 | |||||||||||||||
Other short-term borrowings | 3,024 | 4,246 | 2,777 | 1,635 | 6,463 | |||||||||||||||
Long-term debt | 7,914 | 9,043 | 10,154 | 10,902 | 11,035 | |||||||||||||||
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Total interest-bearing liabilities | 74,547 | 72,204 | 72,202 | 75,436 | 81,015 | |||||||||||||||
Demand deposits | 29,925 | 27,196 | 23,389 | 19,669 | 16,862 | |||||||||||||||
Other liabilities | 4,917 | 4,462 | 4,189 | 3,580 | 3,926 | |||||||||||||||
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Total liabilities | 109,389 | 103,862 | 99,780 | 98,685 | 101,803 | |||||||||||||||
Equity | 14,343 | 13,752 | 12,886 | 13,749 | 13,053 | |||||||||||||||
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Total liabilities and equity | $ | 123,732 | $ | 117,614 | $ | 112,666 | $ | 112,434 | $ | 114,856 | ||||||||||
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Average loans and leases (excluding held for sale) | $ | 86,950 | $ | 82,733 | $ | 78,533 | $ | 77,045 | $ | 80,681 | ||||||||||
Average common shares outstanding: | ||||||||||||||||||||
Basic | 869,462,977 | 904,425,226 | 906,460,550 | 790,852,185 | 696,452,466 | |||||||||||||||
Diluted | 894,736,445 | 945,554,102 | 949,545,420 | 799,381,153 | 726,508,263 |
Page 5
Yearly Data
Years Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||
End of Period Loans and Leases ($ in millions) (net of unearned discount) | ||||||||||||||||||||
Commercial: | ||||||||||||||||||||
Commercial and industrial loans | $ | 39,347 | $ | 36,077 | $ | 30,828 | $ | 27,274 | $ | 25,687 | ||||||||||
Commercial mortgage loans | 8,069 | 9,116 | 10,214 | 10,992 | 11,936 | |||||||||||||||
Commercial construction loans | 1,041 | 707 | 1,037 | 2,111 | 3,871 | |||||||||||||||
Commercial leases | 3,626 | 3,549 | 3,531 | 3,378 | 3,535 | |||||||||||||||
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Subtotal—commercial | 52,083 | 49,449 | 45,610 | 43,755 | 45,029 | |||||||||||||||
Consumer: | ||||||||||||||||||||
Residential mortgage loans | 13,570 | 14,873 | 13,474 | 10,858 | 9,845 | |||||||||||||||
Home equity | 9,246 | 10,018 | 10,719 | 11,513 | 12,174 | |||||||||||||||
Automobile loans | 11,984 | 11,972 | 11,827 | 10,983 | 8,995 | |||||||||||||||
Credit card | 2,294 | 2,097 | 1,978 | 1,896 | 1,990 | |||||||||||||||
Other consumer loans and leases | 381 | 312 | 364 | 702 | 813 | |||||||||||||||
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Subtotal—consumer | 37,475 | 39,272 | 38,362 | 35,952 | 33,817 | |||||||||||||||
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Total loans and leases | $ | 89,558 | $ | 88,721 | $ | 83,972 | $ | 79,707 | $ | 78,846 | ||||||||||
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Average Loans and Leases ($ in millions) (net of unearned discount) | ||||||||||||||||||||
Commercial: | ||||||||||||||||||||
Commercial and industrial loans | $ | 37,770 | $ | 32,911 | $ | 28,546 | $ | 26,334 | $ | 27,556 | ||||||||||
Commercial mortgage loans | 8,481 | 9,686 | 10,447 | 11,585 | 12,511 | |||||||||||||||
Commercial construction loans | 793 | 835 | 1,740 | 3,066 | 4,638 | |||||||||||||||
Commercial leases | 3,565 | 3,502 | 3,341 | 3,343 | 3,543 | |||||||||||||||
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Subtotal—commercial | 50,609 | 46,934 | 44,074 | 44,328 | 48,248 | |||||||||||||||
Consumer: | ||||||||||||||||||||
Residential mortgage loans | 14,428 | 13,370 | 11,318 | 9,868 | 10,886 | |||||||||||||||
Home equity | 9,554 | 10,369 | 11,077 | 11,996 | 12,534 | |||||||||||||||
Automobile loans | 12,021 | 11,849 | 11,352 | 10,427 | 8,807 | |||||||||||||||
Credit card | 2,121 | 1,960 | 1,864 | 1,870 | 1,907 | |||||||||||||||
Other consumer loans and leases | 360 | 340 | 529 | 743 | 1,009 | |||||||||||||||
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Subtotal—consumer | 38,484 | 37,888 | 36,140 | 34,904 | 35,143 | |||||||||||||||
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Total average loans and leases | $ | 89,093 | $ | 84,822 | $ | 80,214 | $ | 79,232 | $ | 83,391 | ||||||||||
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Asset Quality ($ in millions) | ||||||||||||||||||||
Nonaccrual portfolio loans and leases | $ | 387 | $ | 665 | $ | 1,058 | $ | 1,333 | $ | 2,642 | ||||||||||
Nonaccrual loans held for sale | 6 | 25 | 131 | 247 | 220 | |||||||||||||||
Restructured loans—commercial (nonaccrual) held for sale | — | 4 | 7 | 47 | 4 | |||||||||||||||
Restructured loans and leases (nonaccrual) portfolio | 364 | 364 | 380 | 347 | 305 | |||||||||||||||
Other assets, including other real estate owned | 229 | 257 | 378 | 494 | 297 | |||||||||||||||
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Total nonperforming assets | $ | 986 | $ | 1,315 | $ | 1,954 | $ | 2,468 | $ | 3,468 | ||||||||||
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Ninety days past due loans and leases | $ | 103 | $ | 195 | $ | 200 | $ | 317 | $ | 567 | ||||||||||
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Nonperforming Loans ($ in millions)(nonaccrual plus renegotiated) | ||||||||||||||||||||
Commercial and industrial loans and leases | $ | 287 | $ | 345 | $ | 544 | $ | 753 | $ | 840 | ||||||||||
Commercial mortgage loans | 146 | 296 | 497 | 581 | 1,035 | |||||||||||||||
Commercial construction loans | 31 | 85 | 156 | 258 | 741 | |||||||||||||||
Residential mortgage loans | 165 | 237 | 275 | 268 | 412 | |||||||||||||||
Other consumer loans and leases | 128 | 95 | 104 | 114 | 144 | |||||||||||||||
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Total nonperforming loans and leases (including held for sale) | $ | 757 | $ | 1,058 | $ | 1,576 | $ | 1,974 | $ | 3,172 | ||||||||||
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Credit Charge-Offs ($ in millions) | ||||||||||||||||||||
Gross charge-offs | ($ | 637 | ) | ($ | 837 | ) | ($ | 1,314 | ) | ($ | 2,484 | ) | ($ | 2,719 | ) | |||||
Recoveries | 136 | 133 | 142 | 156 | 138 | |||||||||||||||
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Net losses charged off | ($ | 501 | ) | ($ | 704 | ) | ($ | 1,172 | ) | ($ | 2,328 | ) | ($ | 2,581 | ) | |||||
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