Regions Bank 2010 Annual Report Download - page 174
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2008
Before Tax Tax Effect Net of Tax
(In millions)
Net income (loss) ................................................. $(5,951) $ 355 $(5,596)
Net unrealized holding gains and losses on securities available for sale
arising during the period ..................................... (70) 29 (41)
Less: reclassification adjustments for net securities gains realized in net
income (loss) .............................................. 92 (32) 60
Net change in unrealized gains and losses on securities available for
sale ...................................................... (162) 61 (101)
Net unrealized holding gains and losses on derivatives arising during the
period .................................................... 449 (171) 278
Less: reclassification adjustments for net gains realized in net income
(loss) .................................................... 142 (54) 88
Net change in unrealized gains and losses on derivative instruments .... 307 (117) 190
Net actuarial gains and losses arising during the period ............... (504) 192 (312)
Less: amortization of actuarial loss and prior service credit realized in net
income (loss) .............................................. 3 (1) 2
Net change from defined benefit plans ............................ (507) 193 (314)
Comprehensive income (loss) ....................................... $(6,313) $ 492 $(5,821)
NOTE 15. EARNINGS (LOSS) PER COMMON SHARE
The following table sets forth the computation of basic earnings (loss) per common share and diluted
earnings (loss) per common share for the years ended December 31:
2010 2009 2008
(In millions, except
per share amounts)
Numerator:
Income (loss) from continuing operations .............................. $ (539) $(1,031) $(5,585)
Less: Preferred stock dividends and accretion .......................... (224) (230) (26)
Income (loss) from continuing operations available to common
shareholders ................................................... (763) (1,261) (5,611)
Loss from discontinued operations, net of tax ........................... — — (11)
Net income (loss) available to common shareholders ..................... $ (763) $(1,261) $(5,622)
Denominator:
Weighted-average common shares outstanding—basic and diluted .......... 1,227 989 695
Earnings (loss) per common share from continuing operations(1):
Basic .......................................................... $(0.62) $ (1.27) $ (8.07)
Diluted ......................................................... (0.62) (1.27) (8.07)
Earnings (loss) per common share from discontinued operations(1):
Basic .......................................................... — — (0.02)
Diluted ......................................................... — — (0.02)
Earnings (loss) per common share(1):
Basic .......................................................... (0.62) (1.27) (8.09)
Diluted ......................................................... (0.62) (1.27) (8.09)
(1) Certain per share amounts may not appear to reconcile due to rounding.
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