Fifth Third Bank 2012 Annual Report Download - page 161
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
159 Fifth Third Bancorp
General
Commercial Branch Consumer Investment Corporate
2012 ($ in millions) Banking Banking Lending Advisors and Other Eliminations Total
Net interest income $ 1,432 1,362 314 117 370 - 3,595
Provision for loan and lease losses 223 294 176 10 (400) - 303
Net interest income after provision for loan
and lease losses 1,209 1,068 138 107 770 - 3,292
Noninterest income:
Mortgage banking net revenue - 14 830 1 - - 845
Service charges on deposits 225 294 - 3 - - 522
Corporate banking revenue 395 15 - 3 - 413
Investment advisory revenue 6 129 - 366 - (127)
(
a
)
374
Card and processing revenue 46 279 - 4 (76) - 253
Other noninterest income 65 81 42 19 367 - 574
Securities gains, net - - 1 - 14 - 15
Securities gains, net - non-qualifying hedges on
mortgage servicing rights - - 3 - - - 3
Total noninterest income 737 812 876 396 305 (127) 2,999
Noninterest expense:
Salaries, wages and incentives 229 448 192 136 602 - 1,607
Employee benefits 39 125 39 25 143 - 371
Net occupancy expense 21 187 8 11 75 - 302
Technology and communications 10 3 1 - 182 - 196
Card and processing expense 5 115 - - 1 - 121
Equipment expense 2 54 1 1 52 - 110
Other noninterest expense 800 660 429 264 (652) (127) 1,374
Total noninterest expense 1,106 1,592 670 437 403 (127) 4,081
Income before income taxes 840 288 344 66 672 - 2,210
A
pplicable income tax expense 146 102 121 23 244 - 636
Net income 694 186 223 43 428 - 1,574
Less: Net income attributable to noncontrolling interests - - - - (2) - (2)
Net income attributable to Bancorp 694 186 223 43 430 - 1,576
Dividends on preferred stock - - - - 35 - 35
Net income available to common shareholders $ 694 186 223 43 395 - 1,541
Total goodwill $ 613 1,655 - 148 - - 2,416
Total assets $ 48,693 48,856 24,657 9,212 (9,524) - 121,894
(a) Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Consolidated Statements of Income