Regions Bank 2009 Annual Report Download - page 61

Table 2—GAAP to Non-GAAP Reconciliation
For Years Ended December 31
2009 2008 2007 2006 2005
(In millions, except per share data)
INCOME (LOSS)
Income (loss) from continuing operations (GAAP) ........ $(1,031) $ (5,585) $ 1,393 $ 1,373 $ 963
Preferred dividends (GAAP) ......................... (230) (26) — — —
Income (loss) from continuing operations available to
common shareholders (GAAP) ...................... (1,261) (5,611) 1,393 1,373 963
Income (loss) from discontinued operations, net of tax
(GAAP) ........................................ — (11) (142) (19) 38
Income (loss) available to common shareholders (GAAP) . . A $ (1,261) $ (5,622) $ 1,251 $ 1,354 $ 1,001
Income (loss) from continuing operations available to
common shareholders (GAAP) ...................... $(1,261) $ (5,611) $ 1,393 $ 1,373 $ 963
Merger-related charges, pre-tax
Salaries and employee benefits .................... — 134 159 66 74
Net occupancy expense .......................... — 4 34 3 5
Furniture and equipment expense .................. — 5 5 1 1
Other ........................................ — 58 153 19 89
Total merger-related charges, pre-tax ............... — 201 351 89 169
Merger-related charges, net of tax ..................... — 125 219 60 110
Goodwill impairment ............................... — 6,000 — — —
Income from continuing operations, excluding merger and
goodwill impairment charges (non-GAAP) ............ B $(1,261) $ 514 $ 1,612 $ 1,433 $ 1,073
Weighted-average diluted shares ...................... C 989 695 713 507 466
Earnings (loss) per common share—diluted (GAAP) ...... A/C $ (1.27) $ (8.09) $ 1.76 $ 2.67 $ 2.15
Earnings per common share from continuing operations,
excluding merger and goodwill impairment charges—
diluted (non-GAAP) .............................. B/C $ (1.27) $ 0.74 $ 2.26 $ 2.83 $ 2.30
RETURN ON AVERAGE TANGIBLE COMMON
STOCKHOLDERS’ EQUITY
Average stockholders’ equity (GAAP) .................. $17,773 $19,939 $20,036 $12,369 $10,678
Average intangible assets (GAAP) ..................... 6,122 11,949 12,130 6,450 5,357
Average preferred equity (GAAP) ..................... 3,487 425 — — —
Average tangible common stockholders’ equity (non-
GAAP) ........................................ D $ 8,164 $ 7,565 $ 7,906 $ 5,919 $ 5,321
Average stockholders’ equity, excluding discontinued
operations (GAAP) ............................... $17,773 $19,939 $20,013 $12,215 $10,539
Average intangible assets, excluding discontinued operations
(GAAP) ........................................ 6,122 11,949 12,130 6,450 5,357
Average preferred equity (GAAP) ..................... 3,487 425 — — —
Average tangible common equity, excluding discontinued
operations (non-GAAP) ........................... E $ 8,164 $ 7,565 $ 7,883 $ 5,765 $ 5,182
Return on average tangible common equity (non-GAAP) . . . A/D (15.45)% (74.32)% 15.82% 22.86% 18.80%
Return on average tangible common equity, excluding
discontinued operations, merger and goodwill impairment
charges (non-GAAP) ............................. B/E (15.45)% 6.79% 20.43% 24.92% 20.79%
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