Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share

Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share

The following tables provide the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share:
		2016			2015
For the three months ended June 30,			Average	Per Share		Average	Per Share
(in millions, except per share data)		Income	Shares	Amount	Income	Shares	Amount
Earnings Per Share:
Net income attributable to Bancorp	$	333			315
Dividends on preferred stock		23			23
Net income available to common shareholders		310			292
Less: Income allocated to participating securities		3			3
Net income allocated to common shareholders	$	307	759	0.40	289	804	0.36
Earnings Per Diluted Share:
Net income available to common shareholders	$	310			292
Effect of dilutive securities:
Stock-based awards		-	6		-	9
Net income available to common shareholders		310			292
plus assumed conversions
Less: Income allocated to participating securities		3			3
Net income allocated to common shareholders
plus assumed conversions	$	307	765	0.40	289	813	0.36
		2016			2015
For the six months ended June 30,			Average	Per Share		Average	Per Share
(in millions, except per share data)		Income	Shares	Amount	Income	Shares	Amount
Earnings Per Share:
Net income attributable to Bancorp	$	660			676
Dividends on preferred stock		38			38
Net income available to common shareholders		622			638
Less: Income allocated to participating securities		6			6
Net income allocated to common shareholders	$	616	766	0.80	632	807	0.78
Earnings Per Diluted Share:
Net income available to common shareholders	$	622			638
Effect of dilutive securities:
Stock-based awards		-	6		-	9
Net income available to common shareholders		622			638
plus assumed conversions
Less: Income allocated to participating securities		6			6
Net income allocated to common shareholders
plus assumed conversions	$	616	772	0.80	632	816	0.77