Fifth Third Bank 2011 Annual Report Download - page 81

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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
Fifth Third Bancorp 79
Bancorp Shareholders’ Equity
Accumulated Total
Other Bancorp Non-
Common Preferred Capital Retained Comprehensive Treasury Shareholders’ Controlling Total
($ in millions, except per share data) Stock Stock Surplus Earnings Income Stock Equity Interests Equity
Balance at December 31, 2008 $ 1,295 4,241 848 5,824 98 (229) 12,077 12,077
Net income 737 737 737
Other comprehensive income 143 143 143
Comprehensive income 880 880
Cash dividends declared:
Common stock at $0.04 per share (29) (29) (29)
Preferred stock (220) (220) (220)
A
ccretion of preferred dividends, Series F 41 (41) - -
Issuance of common stock 351 635 986 986
Dividends on exchange of preferred shares,
Series G 35 35 35
Exchange of preferred shares, Series G 133 (674) 272 (269) (269)
Stock-based compensation expense 46 (1) 45 45
Stock-based awards issued or exercised,
including treasury shares issued 1 (1) - -
Restricted stock grants (27) 27 - -
Change in corporate tax benefit related to
stock-based compensation (29) (29) (29)
Reversal of OTTI 24 24 24
Other 1 (3) (3) 2 (3) (3)
Balance at December 31, 2009 1,779 3,609 1,743 6,326 241 (201) 13,497 13,497
Net income 753 753 - 753
Other comprehensive income 73 73 73
Comprehensive income 826 - 826
Cash dividends declared:
Common stock at $0.04 per share (32) (32) (32)
Preferred stock (205) (205) (205)
A
ccretion of preferred dividends, Series F 45 (45) - -
Stock-based compensation expense 45 (1) 44 44
Stock-based awards issued or exercised,
including treasury shares issued (10) 6 (4) (4)
Restricted stock grants (62) 62 - -
Impact of cumulative effect of change in
accounting principle (77) (77) (77)
Noncontrolling interest - 29 29
Other (1) 3 2 2
Balance at December 31, 2010 1,779 3,654 1,715 6,719 314 (130) 14,051 29 14,080
Net income 1,297 1,297 1 1,298
Other comprehensive income 156 156 156
Comprehensive income 1,453 1 1,454
Cash dividends declared:
Common stock at $0.28 per share (257) (257) (257)
Preferred stock (50) (50) (50)
Issuance of common stock 272 1,376 1,648 1,648
Redemption of preferred shares, Series F (3,408) (3,408) (3,408)
Redemption of stock warrant (280) (280) (280)
A
ccretion of preferred dividends, Series F 153 (153) - -
Stock-based compensation expense 52 52 52
Stock-based awards issued or exercised,
including treasury shares issued (15) 7 (8) (8)
Restricted stock grants (58) 58 - -
Noncontrolling interests - 21 21
Other (1) 2 (2) 1 - (1) (1)
Balance at December 31, 2011 $ 2,051 398 2,792 7,554 470 (64) 13,201 50 13,251
See Notes to Consolidated Financial Statements.