Fifth Third Bank 2012 Annual Report Download - page 163

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
161 Fifth Third Bancorp
General
Commercial Branch Consumer Investment Corporate
2010 ($ in millions) Banking Banking Lending Advisors and Other Eliminations Total
Net interest income $ 1,531 1,514 405 138 16 - 3,604
Provision for loan and lease losses 1,159 555 569 44 (789) - 1,538
Net interest income (loss) after provision for loan
and lease losses 372 959 (164) 94 805 - 2,066
Noninterest income:
Mortgage banking net revenue - 27 619 2 (1) - 647
Service charges on deposits 199 369 1 6 (1) - 574
Corporate banking revenue 346 15 - 3 - - 364
Investment advisory revenue 15 106 - 346 - (106)(a
)
361
Card and processing revenue 33 298 - 1 (16) - 316
Other noninterest income 42 70 36 (2) 260 - 406
Securities gains, net - - - - 47 - 47
Securities gains, net - non-qualifying hedges on
mortgage servicing rights - - 14 - - - 14
Total noninterest income 635 885 670 356 289 (106) 2,729
Noninterest expense:
Salaries, wages and incentives 182 439 163 131 515 - 1,430
Employee benefits 32 121 31 25 105 - 314
Net occupancy expense 16 174 7 9 92 - 298
Technology and communications 14 16 2 2 155 - 189
Card and processing expense 2 105 - - 1 - 108
Equipment expense 2 49 1 1 69 - 122
Other noninterest expense 723 652 342 237 (454) (106) 1,394
Total noninterest expense 971 1,556 546 405 483 (106) 3,855
Income (loss) before income taxes 36 288 (40) 45 611 - 940
A
pplicable income tax expense (benefit) (142) 103 (14) 16 224 - 187
Net income (loss) 178 185 (26) 29 387 - 753
Less: Net income attributable to noncontrolling interest - - - - - - -
Net income (loss) attributable to Bancorp 178 185 (26) 29 387 - 753
Dividends on preferred stock - - - - 250 - 250
Net income available to common shareholders $ 178 185 (26) 29 137 - 503
Total goodwill $ 613 1,656 - 148 - - 2,417
Total assets $ 43,609 46,244 22,604 6,759 (8,209) - 111,007
(a) Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Consolidated Statements of Income.