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2004 Annual Report: Financial Review: Statistical Financial Information: Table VII Selected Quarterly Financial Data

Table VII

Selected Quarterly Financial Data



  2004 Fourth Quarter 2004 Third Quarter 2004 Second Quarter 2004 First Quarter 2003 Fourth Quarter 2003 Third Quarter 2003 Second Quarter 2003 First Quarter
(Dollars in millions, except per share information)
2004 Quarters
          2003 Quarters
Fourth  
Third  
Second  
First  
Fourth  
Third  
Second  
First  
Income statement
Net interest income $    7,750  $    7,665  $    7,581  $    5,801      $    5,586  $    5,304  $    5,365  $    5,209 
Noninterest income 5,964  4,922  5,481  3,730  4,049  4,446  4,262  3,693 
Total revenue 13,714  12,587  13,062  9,531  9,635  9,750  9,627  8,902 
Provision for credit losses 706  650  789  624  583  651  772  833 
Gains on sales of debt securities 101  732  795  495  139  233  296  273 
Noninterest expense 7,334  7,021  7,242  5,430  5,288  5,077  5,065  4,725 
Income before income taxes 5,775  5,648  5,826  3,972  3,903  4,255  4,086  3,617 
Income tax expense 1,926  1,884  1,977  1,291  1,177  1,333  1,348  1,193 
Net income 3,849  3,764  3,849  2,681  2,726  2,922  2,738  2,424 
Average common shares
  issued and outstanding (in thousands)		 4,032,979  4,052,304  4,062,384  2,880,306  2,926,494  2,980,206  2,988,187  2,998,811 
Average diluted common shares
  issued and outstanding (in thousands)		 4,106,040    4,121,375    4,131,290    2,933,402    2,978,962    3,039,282    3,046,612    3,052,576 
Performance ratios
Return on average assets 1.33%percent 1.37%percent 1.41%percent 1.29%percent 1.42%percent 1.50%percent 1.44%percent 1.40%percent
Return on average common shareholders' equity 15.63  15.56  16.63  22.16  22.42  23.74  21.86  19.92 
Total equity to total assets (period end) 8.97  9.14  9.35  6.10  6.67  6.98  6.78  7.51 
Total average equity to total average assets 8.51  8.79  8.52  5.84  6.32  6.34  6.62  7.06 
Dividend payout 47.45  48.75  42.60  43.21  42.70  40.85  35.06  39.64 
Per common share data
Earnings $     0.95  $     0.93  $     0.95  $     0.93  $     0.93  $     0.98  $     0.92  $     0.81 
Diluted earnings 0.94  0.91  0.93  0.91  0.92  0.96  0.90  0.79 
Dividends paid 0.45  0.45  0.40  0.40  0.40  0.40  0.32  0.32 
Book value 24.56  24.14  23.51  16.85  16.63  16.92  17.03  16.69 
Average balance sheet
Total loans and leases $  515,463  $  503,078  $  497,158  $  374,077  $  371,071  $  357,288  $  350,279  $  345,662 
Total assets 1,152,551  1,096,683  1,094,459  833,192  764,186  771,255  759,906  699,926 
Total deposits 609,936  587,878  582,305  425,075  418,840  414,569  405,307  385,760 
Long-term debt 99,588  98,361  96,395  78,852  70,596  66,788  68,927  67,399 
Common shareholders' equity 97,828  96,120  92,943  48,632  48,238  48,816  50,212  49,343 
Total shareholders' equity 98,100  96,392  93,266  48,686  48,293  48,871  50,269  49,400 
Capital ratios (period end)
Risk-based capital:
     Tier 1 8.10%percent 8.08%percent 8.20%percent 7.73%percent 7.85%percent 8.25%percent 8.08%percent 8.20%percent
     Total 11.63  11.71  11.97  11.46  11.87  12.17  11.95  12.29 
Leverage 5.82  5.92  5.83  5.43  5.73  5.95  5.92  6.24 
Market price per share
  of common stock
Closing $    46.99  $    43.33  $    42.31  $    40.49  $    40.22  $    39.02  $    39.52  $    33.42 
High closing 47.44  44.98  42.72  41.38  41.25  41.77  39.95  36.24 
Low closing 43.62  41.81  38.96  39.15  36.43  37.44  34.00  32.82 

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