|
Table VII
Selected Quarterly Financial Data
|
| 2005 Quarters
|
| 2004 Quarters
|
|
| (Dollars in millions, except per share information) |
|
Fourth(2)
|
| Third
(Restated)
|
| Second
(Restated)
|
| First
(Restated)
|
| Fourth
(Restated)
|
| Third
(Restated)
|
| Second
(Restated)
|
| First
(Restated)
|
|
| Income statement |
|
| Net interest income |
|
$ |
7,859 |
|
|
$ |
7,735 |
| $ |
7,637 |
| $ |
7,506 |
| $ |
7,550 |
| $ |
7,515 |
| $ |
7,366 |
| $ |
5,529 |
|
| Noninterest income |
|
|
5,951 |
|
| 6,416 |
| 6,955 |
| 6,032 |
| 6,174 |
| 6,012 |
| 4,870 |
| 3,949 |
|
| Total revenue |
|
|
13,810 |
|
| 14,151 |
| 14,592 |
| 13,538 |
| 13,724 |
| 13,527 |
| 12,236 |
| 9,478 |
|
| Provision for credit losses |
|
|
1,400 |
|
| 1,159 |
| 875 |
| 580 |
| 706 |
| 650 |
| 789 |
| 624 |
|
| Gains on sales of debt securities |
|
|
71 |
|
| 29 |
| 325 |
| 659 |
| 101 |
| 333 |
| 795 |
| 495 |
|
| Noninterest expense |
|
|
7,320 |
|
| 7,285 |
| 7,019 |
| 7,057 |
| 7,333 |
| 7,021 |
| 7,228 |
| 5,430 |
|
| Income before income taxes |
|
|
5,161 |
|
| 5,736 |
| 7,023 |
| 6,560 |
| 5,786 |
| 6,189 |
| 5,014 |
| 3,919 |
|
| Income tax expense |
|
|
1,587 |
|
| 1,895 |
| 2,366 |
| 2,167 |
| 1,931 |
| 2,086 |
| 1,673 |
| 1,271 |
|
| Net income |
|
|
3,574 |
|
| 3,841 |
| 4,657 |
| 4,393 |
| 3,855 |
| 4,103 |
| 3,341 |
| 2,648 |
|
| Average common shares issued and outstanding (in thousands) |
|
|
3,996,024 |
|
| 4,000,573 |
| 4,005,356 |
| 4,032,550 |
| 4,032,979 |
| 4,052,304 |
| 4,062,384 |
| 2,880,306 |
|
| Average diluted common shares issued and outstanding (in thousands) |
|
|
4,053,859 |
|
| 4,054,659 |
| 4,065,355 |
| 4,099,062 |
| 4,106,040 |
| 4,121,375 |
| 4,131,290 |
| 2,933,402 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Performance ratios |
|
| Return on average assets |
|
|
1.09% |
| 1.18% |
| 1.46% |
| 1.49% |
| 1.33% |
| 1.49% |
| 1.23% |
| 1.28% |
|
| Return on average common shareholders’ equity |
|
|
14.21 |
|
| 15.09 |
| 18.93 |
| 17.97 |
| 15.57 |
| 16.94 |
| 14.26 |
| 21.58 |
|
Return on average tangible common shareholders’ equity (1) |
|
|
29.29 |
|
| 30.71 |
| 39.27 |
| 37.34 |
| 32.95 |
| 35.84 |
| 31.36 |
| 29.37 |
|
| Total ending equity to total ending assets |
|
|
7.86 |
|
| 8.12 |
| 8.13 |
| 8.16 |
| 9.03 |
| 9.19 |
| 9.37 |
| 6.23 |
|
| Total average equity to total average assets |
|
|
7.64 |
|
| 7.80 |
| 7.72 |
| 8.25 |
| 8.54 |
| 8.78 |
| 8.59 |
| 5.92 |
|
| Dividend payout |
|
|
56.24 |
|
| 52.60 |
| 38.90 |
| 41.71 |
| 47.36 |
| 44.72 |
| 49.10 |
| 43.74 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Per common share data |
|
| Earnings |
|
$ |
0.89 |
|
|
$ |
0.96 |
| $ |
1.16 |
| $ |
1.09 |
| $ |
0.95 |
| $ |
1.01 |
| $ |
0.82 |
| $ |
0.92 |
|
| Diluted earnings |
|
|
0.88 |
|
| 0.95 |
| 1.14 |
| 1.07 |
| 0.94 |
| 0.99 |
| 0.81 |
| 0.90 |
|
| Dividends paid |
|
|
0.50 |
|
| 0.50 |
| 0.45 |
| 0.45 |
| 0.45 |
| 0.45 |
| 0.40 |
| 0.40 |
|
| Book value |
|
|
25.32 |
|
| 25.28 |
| 25.16 |
| 24.45 |
| 24.70 |
| 24.29 |
| 23.54 |
| 17.23 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Average balance sheet |
|
| Total loans and leases |
|
$ |
563,589 |
|
|
$ |
539,497 |
| $ |
520,415 |
| $ |
524,921 |
| $ |
515,437 |
| $ |
503,049 |
| $ |
497,129 |
| $ |
374,047 |
|
| Total assets |
|
|
1,305,057 |
|
| 1,294,754 |
| 1,277,478 |
| 1,200,859 |
| 1,152,524 |
| 1,096,653 |
| 1,094,427 |
| 833,161 |
|
| Total deposits |
|
|
628,922 |
|
| 632,771 |
| 640,593 |
| 627,420 |
| 609,936 |
| 587,879 |
| 582,305 |
| 425,075 |
|
| Long-term debt |
|
|
99,601 |
|
| 98,326 |
| 96,697 |
| 96,167 |
| 98,556 |
| 98,116 |
| 94,655 |
| 77,751 |
|
| Common shareholders’ equity |
|
|
99,677 |
|
| 100,974 |
| 98,558 |
| 99,130 |
| 98,452 |
| 96,268 |
| 94,024 |
| 49,314 |
|
| Total shareholders’ equity |
|
|
99,948 |
|
| 101,246 |
| 98,829 |
| 99,401 |
| 98,723 |
| 96,540 |
| 94,347 |
| 49,368 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital ratios (period end) |
|
| Risk-based capital: |
|
| Tier 1 |
|
|
8.25% |
| 8.27% |
| 8.16% |
| 8.26% |
| 8.20% |
| 8.18% |
| 8.26% |
| 7.89% |
|
| Total |
|
|
11.08 |
|
| 11.19 |
| 11.23 |
| 11.52 |
| 11.73 |
| 11.81 |
| 12.02 |
| 11.62 |
|
| Leverage |
|
|
5.91 |
|
| 5.90 |
| 5.66 |
| 5.86 |
| 5.89 |
| 6.00 |
| 5.87 |
| 5.55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Market price per share of common stock |
|
| Closing |
|
$ |
46.15 |
|
|
$ |
42.10 |
| $ |
45.61 |
| $ |
44.10 |
| $ |
46.99 |
| $ |
43.33 |
| $ |
42.31 |
| $ |
40.49 |
|
| High closing |
|
|
46.99 |
|
| 45.98 |
| 47.08 |
| 47.08 |
| 47.44 |
| 44.98 |
| 42.72 |
| 41.38 |
|
| Low closing |
|
|
41.57 |
|
| 41.60 |
| 44.01 |
| 43.66 |
| 43.62 |
| 41.81 |
| 38.96 |
| 39.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Footnote (1) |
|
Return on average tangible common shareholders’ equity equals net income available to common shareholders plus amortization of intangibles, divided by average common
shareholders’ equity less goodwill, core deposit intangibles and other intangibles. |
| Footnote (2) |
|
The Corporation provided unaudited financial information relating to the fourth quarter of 2005 in the current report on Form 8-K filed on January 23, 2006.
|
|
