Fifth Third Bank 2011 Annual Report Download - page 151
Download and view the complete annual report
Please find page 151 of the 2011 Fifth Third Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
 |
 |
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Fifth Third Bancorp 149
Commercial Branch Consumer Investment General
2011 ($ in millions) Banking Banking Lending Advisors Corporate Eliminations Total
Net interest income $ 1,357 1,423 343 113 321 - 3,557
Provision for loan and lease losses 490 393 261 27 (748) - 423
Net interest income after provision for loan
and lease losses 867 1,030 82 86 1,069 - 3,134
Noninterest income:
Mortgage banking net revenue - 11 585 1 - - 597
Service charges on deposits 207 309 - 4 - - 520
Investment advisory revenue 12 117 - 364 (1) (117)
(
a
)
375
Corporate banking revenue 332 14 - 3 1 350
Card and processing revenue 38 305 - 4 (39) - 308
Other noninterest income 52 81 36 (3) 84 - 250
Securities gains, net - - - - 46 - 46
Securities gains, net - non-qualifying hedges on
mortgage servicing rights - - 9 - - - 9
Total noninterest income 641 837 630 373 91 (117) 2,455
Noninterest expense:
Salaries, wages and incentives 203 456 149 138 532 - 1,478
Employee benefits 37 127 34 26 106 - 330
Net occupancy expense 20 184 8 11 82 - 305
Technology and communications 11 5 1 1 170 - 188
Card and processing expense 5 114 - - 1 - 120
Equipment expense 2 51 1 1 58 - 113
Other noninterest expense 795 642 433 244 (773) (117) 1,224
Total noninterest expense 1,073 1,579 626 421 176 (117) 3,758
Income before income taxes 435 288 86 38 984 - 1,831
A
pplicable income tax expense (6) 102 30 14 393 - 533
Net income 441 186 56 24 591 - 1,298
Less: Net income attributable to noncontrolling interests - - - - 1 - 1
Net income attributable to Bancorp 441 186 56 24 590 - 1,297
Dividends on preferred stock - - - - 203 - 203
Net income available to common shareholders $ 441 186 56 24 387 - 1,094
Total goodwill $ 613 1,656 - 148 - - 2,417
Total assets $ 45,864 46,703 24,325 7,670 (7,595) - 116,967
(a) Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Consolidated Statements of Income.