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75
Selected Financial Data and Reconcilement of Non-U.S. GAAP Measures (continued)
Year Ended December 31
(Dollars in millions, except per share data) 2014 2013 2012 2011 2010
Reconcilement of Non-U.S. GAAP Measures - Annual
Efficiency ratio 1 66.74% 71.16% 59.29% 72.02% 67.44 %
Impact of excluding amortization (0.30) (0.27) (0.43) (0.50) (0.59)
Tangible efficiency ratio 1, 7 66.44 70.89 58.86 71.52 66.85
Impact of excluding Form 8-K and other legacy mortgage-related items (3.10) (5.62) 8.05 — —
Adjusted tangible efficiency ratio 1, 2, 7 63.34% 65.27% 66.91% 71.52% 66.85 %
ROA 0.97% 0.78% 1.11% 0.38% 0.11%
Impact of excluding Form 8-K and other legacy mortgage-related items 0.01 0.10 (0.43) — —
Adjusted ROA 20.98% 0.88% 0.68% 0.38% 0.11%
ROE 8.06% 6.34% 9.56% 2.56% (0.49)%
Impact of removing average intangible assets (net of deferred taxes), excluding
MSRs, from average common shareholders' equity 3.27 2.91 4.46 1.27 (0.27)
ROTCE 5 11.33% 9.25% 14.02% 3.83% (0.76%)
Impact of excluding Form 8-K and other legacy mortgage-related items 0.04 1.27 (5.47) — —
Adjusted ROTCE 2, 5 11.37% 10.52% 8.55% 3.83% (0.76%)
Net interest income $4,840 $4,853 $5,102 $5,065 $4,854
Taxable-equivalent adjustment 142 127 123 114 116
Net interest income - FTE 34,982 4,980 5,225 5,179 4,970
Noninterest income 3,323 3,214 5,373 3,421 3,729
Total revenue - FTE 3 8,305 8,194 10,598 8,600 8,699
Impact of excluding Form 8-K items (105) 63 (1,475) — —
Total adjusted revenue - FTE 2, 3 $8,200 $8,257 $9,123 $8,600 $8,699
Net income/(loss) available to common shareholders $1,722 $1,297 $1,931 $495 ($87)
Impact of excluding Form 8-K and other legacy mortgage-related items 7179 (753) — —
Adjusted net income/(loss) available to common shareholders 2 $1,729 $1,476 $1,178 $495 ($87)
Total revenue - FTE 3$8,305 $8,194 $10,598 $8,600 $8,699
Impact of excluding net securities (losses)/gains (15) 2 1,974 117 191
Total revenue - FTE, excluding net securities (losses)/gains 3, 13 $8,320 $8,192 $8,624 $8,483 $8,508
Noninterest income $3,323 $3,214 $5,373 $3,421 $3,729
Impact of excluding Form 8-K items (105) 63 (1,475) — —
Adjusted noninterest income 2 $3,218 $3,277 $3,898 $3,421 $3,729
Noninterest expense 1$5,543 $5,831 $6,284 $6,194 $5,867
Impact of excluding Form 8-K and other legacy mortgage-related items (324) (419) (134) — —
Adjusted noninterest expense 1, 2 $5,219 $5,412 $6,150 $6,194 $5,867
Diluted net income/(loss) per average common share $3.23 $2.41 $3.59 $0.94 ($0.18)
Impact of excluding Form 8-K and other legacy mortgage-related items 0.01 0.33 (1.40) — —
Adjusted diluted net income/(loss) per average common share 2$3.24 $2.74 $2.19 $0.94 ($0.18)
At December 31:
Total shareholders’ equity $23,005 $21,422 $20,985 $20,066 $23,130
Goodwill, net of deferred taxes 10 (6,123) (6,183) (6,206) (6,190) (6,189)
Other intangible assets, net of deferred taxes, and MSRs 11 (1,219) (1,332) (949) (1,001) (1,545)
MSRs 1,206 1,300 899 921 1,439
Tangible equity 16,869 15,207 14,729 13,796 16,835
Preferred stock (1,225) (725) (725) (275) (4,942)
Tangible common equity $15,644 $14,482 $14,004 $13,521 $11,893
Total assets $190,328 $175,335 $173,442 $176,859 $172,874
Goodwill (6,337) (6,369) (6,369) (6,344) (6,323)
Other intangible assets including MSRs (1,219) (1,334) (956) (1,017) (1,571)
MSRs 1,206 1,300 899 921 1,439
Tangible assets $183,978 $168,932 $167,016 $170,419 $166,419
Tangible equity to tangible assets 89.17% 9.00% 8.82% 8.10% 10.12 %
Tangible book value per common share 4 $29.82 $27.01 $25.98 $25.18 $23.76