Fifth Third Bank 2012 Annual Report Download - page 162

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
160 Fifth Third Bancorp
General
Commercial Branch Consumer Investment Corporate
2011 ($ in millions) Banking Banking Lending Advisors and Other 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
Corporate banking revenue 332 14 - 3 1 - 350
Investment advisory revenue 12 117 - 364 (1) (117)(a) 375
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 203 454 149 138 534 - 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 795 640 433 244 (771) (117) 1,224
Total noninterest expense 1,073 1,575 626 421 180 (117) 3,758
Income before income taxes 435 292 86 38 980 - 1,831
A
pplicable income tax (benefit) expense (6) 102 30 14 393 - 533
Net income 441 190 56 24 587 - 1,298
Less: Net income attributable to noncontrolling interest - - - - 1 - 1
Net income attributable to Bancorp 441 190 56 24 586 - 1,297
Dividends on preferred stock - - - - 203 - 203
Net income available to common shareholders $ 441 190 56 24 383 - 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.