Regions Bank 2008 Annual Report Download - page 158
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The following tables present financial information for each reportable segment for the years ended
December 31:
General
Banking/
Treasury
Investment
Banking/
Brokerage/
Trust Insurance
Merger
Charges and
Discontinued
Operations
Total
Company
(In thousands)
2008
Net interest income .................. $ 3,789,653 $ 49,308 $ 3,995 $ — $ 3,842,956
Provision for loan losses ............. 2,057,000 — — — 2,057,000
Non-interest income ................. 1,755,070 1,205,046 113,115 — 3,073,231
Goodwill impairment ................ 6,000,000 — — — 6,000,000
Other non-interest expense ............ 3,451,272 1,051,813 88,358 218,576 4,810,019
Income tax expense (benefit) .......... (354,934) 74,200 8,685 (83,009) (355,058)
Net income (loss) ............... $ (5,608,615) $ 128,341 $ 20,067 $ (135,567) $ (5,595,774)
Net income (loss) available to common
shareholders ..................... $ (5,634,851) $ 128,341 $ 20,067 $ (135,567) $ (5,622,010)
Average assets ..................... $139,984,321 $3,623,160 $339,544 $ — $143,947,025
General
Banking/
Treasury
Investment
Banking/
Brokerage/
Trust Insurance
Merger
Charges and
Discontinued
Operations
Total
Company
(In thousands)
2007
Net interest income .................. $ 4,334,075 $ 58,402 $ 5,889 $ 11,968 $ 4,410,334
Provision for loan losses ............. 555,000 — — 182 555,182
Non-interest income ................. 1,601,306 1,151,181 103,348 (176,681) 2,679,154
Other non-interest expense ............ 3,279,453 947,673 82,358 403,359 4,712,843
Income tax expense (benefit) .......... 673,897 96,038 9,082 (208,649) 570,368
Net income (loss) ............... $ 1,427,031 $ 165,872 $ 17,797 $ (359,605) $ 1,251,095
Average assets ..................... $134,283,880 $3,717,596 $275,243 $ 479,900 $138,756,619
General
Banking/
Treasury
Investment
Banking/
Brokerage/
Trust Insurance
Merger
Charges and
Discontinued
Operations
Total
Company
(In thousands)
2006
Net interest income .................. $ 3,249,965 $ 52,699 $ 5,638 $ 45,140 $ 3,353,442
Provision for loan losses ............. 142,373 — — 127 142,500
Non-interest income ................. 1,055,845 888,926 84,949 32,384 2,062,104
Other non-interest expense ............ 2,347,629 702,913 64,827 198,662 3,314,031
Income tax expense (benefit) .......... 549,719 87,625 10,095 (41,569) 605,870
Net income (loss) ............... $ 1,266,089 $ 151,087 $ 15,665 $ (79,696) $ 1,353,145
Average assets ..................... $ 90,705,022 $3,314,361 $203,789 $1,577,105 $ 95,800,277
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