Fifth Third Bank 2011 Annual Report Download - page 153

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Fifth Third Bancorp 151
Commercial Branch Consumer Investment General
2009 ($ in millions) Banking Banking Lending Advisors Corporate Eliminations Total
Net interest income $ 1,370 1,577 476 157 (226) - 3,354
Provision for loan and lease losses 1,360 601 558 57 967 - 3,543
Net interest income (loss) after provision for loan
and lease losses 10 976 (82) 100 (1,193) - (189)
Noninterest income:
Mortgage banking net revenue - 26 526 1 - - 553
Service charges on deposits 196 428 - 8 - - 632
Investment advisory revenue 11 84 - 315 (1) (83)(a
)
326
Corporate banking revenue 353 10 - 11 (2) - 372
Card and processing revenue 28 268 - 1 357 (39)(b
)
615
Gain on sale of Vantiv Holding, LLC - - - - 1,758 - 1,758
Other noninterest income 20 86 40 - 333 - 479
Securities gains (losses), net 1 - - - (11) - (10)
Securities gains, net - non-qualifying hedges on
mortgage servicing rights - - 57 - - - 57
Total noninterest income 609 902 623 336 2,434 (122) 4,782
Noninterest expense:
Salaries, wages and incentives 161 401 154 117 506 - 1,339
Employee benefits 31 106 27 23 124 - 311
Net occupancy expense 17 169 7 10 105 - 308
Technology and communications 6 16 2 2 155 - 181
Card and processing expense 1 70 - - 122 - 193
Equipment expense 3 48 1 1 70 - 123
Other noninterest expense 741 563 318 201 (330) (122) 1,371
Total noninterest expense 960 1,373 509 354 752 (122) 3,826
Income before income taxes (341) 505 32 82 489 - 767
A
pplicable income tax expense (benefit) (240) 178 11 29 52 - 30
Net income (101) 327 21 53 437 - 737
Less: Net income attributable to noncontrolling interest - - - - - - -
Net income attributable to Bancorp (101) 327 21 53 437 - 737
Dividends on preferred stock - - - - 226 - 226
Net income available to common shareholders $ (101) 327 21 53 211 - 511
Total goodwill $ 613 1,656 - 148 - - 2,417
Total assets $ 43,312 47,839 20,923 6,057 (4,751) - 113,380
(a) Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Consolidated Statements of Income.
(b) Card and processing revenues provided to the banking segm
e
nts are eliminated in the Consolidated Statements of Income.