SunTrust 2012 Annual Report Download - page 109

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Reconcilement of Non-U.S. GAAP Measures – Annual Table 39
Year Ended December 31
(Dollars in millions, except per share data) 2012 2011 2010 2009 2008
Net income/(loss) $1,958 $647 $189 ($1,564) $796
Preferred dividends (12) (7) (7) (14) (22)
Dividends and accretion of discount on preferred stock issued to
the U.S. Treasury —(66) (267) (266) (27)
Accelerated accretion associated with repurchase of preferred
stock issued to the U.S. Treasury —(74) — — —
Dividends and undistributed earnings allocated to unvested
shares (15) (5) (2) 17 (6)
Gain on purchase of Series A preferred stock ———94—
Net income/(loss) available to common shareholders $1,931 $495 ($87) ($1,733) $741
Goodwill/intangible impairment charges attributable to common
shareholders, after tax of $0 million in 2012, $36 million in 2009,
and $18 million in 2008 7— — 715 27
Net income/(loss) available to common shareholders excluding
goodwill/intangible impairment charges, after tax 1$1,938 $495 ($87) ($1,018) $768
Net income/(loss) available to common shareholders excluding
accelerated accretion associated with repurchase of preferred
stock issued to the U.S. Treasury 1$1,931 $569 ($87) ($1,733) $741
Efficiency ratio 259.67% 72.49% 67.94% 79.07% 63.83%
Impact of excluding impairment/amortization of goodwill/
intangible assets other than MSRs (0.43) (0.50) (0.58) (9.72) (1.32)
Tangible efficiency ratio 359.24% 71.99% 67.36% 69.35% 62.51%
Total shareholders’ equity $20,985 $20,066 $23,130 $22,531 $22,501
Goodwill, net of deferred taxes 4(6,206) (6,190) (6,189) (6,204) (6,941)
Other intangible assets, net of deferred taxes, and MSRs 5(949) (1,001) (1,545) (1,671) (978)
MSRs 899 921 1,439 1,540 810
Tangible equity 14,729 13,796 16,835 16,196 15,392
Preferred stock (725) (275) (4,942) (4,917) (5,222)
Tangible common equity $14,004 $13,521 $11,893 $11,279 $10,170
Total assets $173,442 $176,859 $172,874 $174,165 $189,138
Goodwill (6,369) (6,344) (6,323) (6,319) (7,044)
Other intangible assets including MSRs (956) (1,017) (1,571) (1,711) (1,035)
MSRs 899 921 1,439 1,540 810
Tangible assets $167,016 $170,419 $166,419 $167,675 $181,869
Tangible equity to tangible assets 68.82% 8.10% 10.12% 9.66% 8.46%
Tangible book value per common share 7$25.98 $25.18 $23.76 $22.59 $28.69
Net interest income $5,102 $5,065 $4,854 $4,466 $4,620
Taxable-equivalent adjustment 123 114 116 123 117
Net interest income-FTE 5,225 5,179 4,970 4,589 4,737
Noninterest income 5,373 3,421 3,729 3,710 4,473
Total revenue-FTE 10,598 8,600 8,699 8,299 9,210
Securities gains, net (1,974) (117) (191) (98) (1,073)
Total revenue-FTE excluding securities gains, net 8$8,624 $8,483 $8,508 $8,201 $8,137
(Dollars in billions)
As of
December
31, 2012
Tier 1 Common Equity - Basel I $13.5
Adjustments from Basel I to Proposed Basel III 9(0.2)
Tier 1 Common Equity - Proposed Basel III 10 $13.3
Risk-weighted Assets - Basel I $134.5
Adjustments from Basel I to Proposed Basel III 11 26.2
Risk-weighted Assets - Proposed Basel III $160.7
Tier 1 Common Equity Ratio:
Basel I 10.0%
Proposed Basel III 10 8.2