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Table 21 – Reconcilement of Non-US GAAP Measures – Annual
Twelve Months Ended December 31
(Dollars in millions, except per share and other data) 2007 2006 2005 2004 2003 2002
Net income $1,634.0 $2,117.4 $1,987.2 $1,572.9 $1,332.3 $1,331.8
Securities losses/(gains), net of tax (150.7) 31.3 4.4 27.1 (80.5) (133.0)
Net income excluding net securities gains and losses 1,483.3 2,148.7 1,991.6 1,600.0 1,251.8 1,198.8
The Coca-Cola Company dividend, net of tax (54.2) (53.3) (48.1) (43.0) (37.8) (34.4)
Net income excluding net securities gains and losses and The Coca-Cola Company
dividend, net of tax $1,429.1 $2,095.4 $1,943.5 $1,557.0 $1,214.0 $1,164.4
Preferred stock dividends 30.3 7.7 - - - -
Net income available to common shareholders excluding net securities (gains)/losses and
The Coca-Cola Company dividend, net of tax $1,398.8 $2,087.7 $1,943.5 $1,557.0 $1,214.0 $1,164.4
Net income $1,634.0 $2,117.4 $1,987.2 $1,572.9 $1,332.3 $1,331.8
Merger expense, net of tax -- 61.1 18.5 - 39.8
Net income excluding merger expense $1,634.0 $2,117.4 $2,048.3 $1,591.4 $1,332.3 $1,371.6
Noninterest expense $5,233.8 $4,879.9 $4,690.7 $3,897.0 $3,400.6 $3,219.4
Merger expense -- (98.6) (28.4) - (16.0)
Noninterest expense excluding merger expense $5,233.8 $4,879.9 $4,592.1 $3,868.6 $3,400.6 $3,203.4
Diluted earnings per common share $4.55 $5.82 $5.47 $5.19 $4.73 $4.66
Impact of excluding merger expense -- 0.17 0.06 - 0.14
Diluted earnings per common share excluding merger expense $4.55 $5.82 $5.64 $5.25 $4.73 $4.80
Efficiency ratio 63.43% 59.39% 60.06% 61.39% 59.99% 57.99%
Impact of excluding merger expense -- (1.26) (0.45) - (0.29)
Efficiency ratio excluding merger expense 63.43% 59.39% 58.80% 60.94% 59.99% 57.70%
Efficiency ratio 63.43% 59.39% 60.06% 61.39% 59.99% 57.99%
Impact of excluding amortization of intangible assets (1.17) (1.26) (1.52) (1.22) (1.13) (1.06)
Tangible efficiency ratio 62.26% 58.13% 58.54% 60.17% 58.86% 56.93
Total average assets $177,795.5 $180,315.1 $168,088.8 $133,754.3 $122,325.4 $108,516.1
Average net unrealized securities gains (2,300.8) (1,620.5) (1,949.4) (2,372.2) (2,343.0) (2,731.8)
Average assets less net unrealized securities gains $175,494.7 $178,694.6 $166,139.4 $131,382.1 $119,982.4 $105,784.3
Total average common shareholders’ equity $17,308.0 $17,394.7 $16,526.3 $11,469.5 $9,083.0 $8,725.7
Average accumulated other comprehensive income (1,143.3) (976.0) (1,220.5) (1,517.2) (1,486.1) (1,741.1)
Total average realized common shareholders’ equity $16,164.7 $16,418.7 $15,305.8 $9,952.3 $7,596.9 $6,984.6
Return on average total assets 0.92% 1.17% 1.18% 1.18% 1.09% 1.23 %
Impact of excluding net realized and unrealized securities gains/losses and The Coca-Cola
Company dividend (0.11) - (0.01) 0.01 (0.08) (0.13)
Return on average total assets less net realized and unrealized securities gains/losses and
The Coca-Cola Company dividend10.81% 1.17% 1.17% 1.19% 1.01% 1.10%
Return on average common shareholders’ equity 9.27% 12.13% 12.02% 13.71% 14.67% 15.26%
Impact of excluding net realized and unrealized securities gains/losses and The Coca-Cola
Company dividend (0.62) 0.59 0.68 1.94 1.31 1.41
Return on average realized common shareholders’ equity28.65% 12.72% 12.70% 15.65% 15.98% 16.67 %
Total shareholders’ equity $18,052.5 $17,813.6 $16,887.4 $15,986.9 $9,731.2 $8,769.5
Goodwill (6,921.5) (6,889.8) (6,835.1) (6,806.0) (1,077.7) (963.7)
Other intangible assets including mortgage servicing rights (“MSRs”) (1,363.0) (1,182.0) (1,123.0) (1,061.5) (639.6) (612.2)
Mortgage servicing rights 1,049.4 810.5 657.6 482.4 449.3 383.9
Tangible equity $10,817.4 $10,552.3 $9,586.9 $8,601.8 $8,463.2 $7,577.5
Total assets $179,573.9 $182,161.6 $179,712.8 $158,869.8 $125,393.2 $117,322.5
Goodwill (6,921.5) (6,889.8) (6,835.1) (6,806.0) (1,077.7) (963.7)
Other intangible assets including MSRs (1,363.0) (1,182.0) (1,123.0) (1,061.5) (639.6) (612.2)
Mortgage servicing rights 1,049.4 810.5 657.6 482.4 449.3 383.9
Tangible assets $172,338.8 $174,900.3 $172,412.3 $151,484.7 $124,125.2 $116,130.5
Tangible equity to tangible assets 6.28% 6.03% 5.56% 5.68% 6.82% 6.52%
Net interest income $4,719.5 $4,660.4 $4,579.0 $3,685.2 $3,320.3 $3,243.7
Taxable equivalent adjustment 102.7 88.0 75.5 58.4 45.0 39.5
Net interest income - FTE 4,822.2 4,748.4 4,654.5 3,743.6 3,365.3 3,283.2
Noninterest income 3,428.7 3,468.4 3,155.0 2,604.4 2,303.0 2,268.8
Total revenue - FTE $8,250.9 $8,216.8 $7,809.5 $6,348.0 $5,668.3 $5,552.0
1Computed by dividing annualized net income excluding net securities gains/losses and The Coca-Cola Company dividend, by average assets less net unrealized securities gains.
2Computed by dividing annualized net income available to common shareholders excluding net securities gains/losses and The Coca-Cola Company dividend, by average realized common shareholders’ equity.
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