Fifth Third Bank 2014 Annual Report Download - page 171

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
169 Fifth Third Bancorp
General
Commercial Branch Consumer Investment Corporate
2013 ($ in millions) Banking Banking Lending Advisors and Other Eliminations Total
Net interest income $ 1,592 1,356 312 154 147 - 3,561
Provision for loan and lease losses 194 210 92 2 (269) - 229
Net interest income after provision for loan
and lease losses 1,398 1,146 220 152 416 - 3,332
Noninterest income:
Service charges on deposits 267 279 - 3 - - 549
Corporate banking revenue 392 7 - 3 (2) - 400
Investment advisory revenue 5 148 - 384 - (144)a(a) 393
Mortgage banking net revenue - 12 687 1 - - 700
Card and processing revenue 60 207 - 5 - - 272
Other noninterest income 94 87 a(b) 45 10 643 - 879
Securities gains, net - - 3 - 18 - 21
Securities gains, net - non-qualifying hedges on
mortgage servicing rights - - 13 - - - 13
Total noninterest income 818 740 748 406 659 (144) 3,227
Noninterest expense:
Salaries, wages and incentives 261 429 175 134 582 - 1,581
Employee benefits 49 118 40 25 125 - 357
Net occupancy expense 25 183 8 10 81 - 307
Technology and communications 11 4 1 - 188 - 204
Card and processing expense 8 125 - - 1 - 134
Equipment expense 4 58 1 - 51 - 114
Other noninterest expense 877 656 460 284 (869) (144) 1,264
Total noninterest expense 1,235 1,573 685 453 159 (144) 3,961
Income before income taxes 981 313 283 105 916 - 2,598
A
pplicable income tax expense 167 109 100 37 359 - 772
Net income 814 204 183 68 557 - 1,826
Less: Net income attributable to noncontrolling interests - - - - (10) - (10)
Net income attributable to Bancorp 814 204 183 68 567 - 1,836
Dividends on preferred stock - - - - 37 - 37
Net income available to common shareholders $ 814 204 183 68 530 - 1,799
Total goodwill $ 613 1,655 - 148 - - 2,416
Total assets $ 55,081 47,221 22,610 10,711 (5,180) - 130,443
(a) Revenue sharing agreements between Investment Advisors and Branch Banking are eliminated in the Consolidated Statements of Income.
(b) Includes an impairment charge of $6 for branches and land.
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