|
Interest & Fees on Loans
Interest & Fees on Loans is generally the major source of income for the commercial banking business. Loans to customers are the most significant portion of investment assets in banking, where the loans may be inclusive of interbank loans. Fees related to loan transactions are not separated from interest income because typical loan contracts may set a lower interest rate when a higher initial fee is charged.
|
462.67
|
332.77
|
302.18
|
307.86
|
321.47
|
300.83
|
267.10
|
250.99
|
241.83
|
243.32
|
|
Interest & Dividends on Investment Securities
Interest & Dividends on Investment Securities represents the distributable share of an investment portfolio. In addition to loans to customers, investments in various securities are an essential part of a total investment portfolio for financial institutions. Interest & Dividends on Investment Securities can be derived from equity securities and fixed income securities.
|
50.49
|
47.24
|
35.86
|
37.72
|
42.41
|
40.16
|
39.50
|
33.89
|
29.65
|
29.73
|
|
Other Interest Income
Other Interest Income represents interest income earned on items other than the following: Interest & Fees on Loans, Interest & Dividends on Investment Securities, Federal Funds Sold/Securities Sold Under Resale Agreement, Interest on Deposits, and Trading Account Interest.
|
9.63
|
4.07
|
1.85
|
2.71
|
3.65
|
3.27
|
2.81
|
2.07
|
1.75
|
2.03
|
|
Interest Income, Bank
Interest Income, Bank is composed of:<br/>Interest & Fees on Loans<br/>Interest & Dividends on Investment<br/>Securities, Federal Funds Sold/Securities Purchased Under Resale Agreement<br/>Interest on Deposits<br/>Other Interest Income<br/>Trading Account Interest<br/>Other Non-Bank Income.
|
522.79
|
384.07
|
339.88
|
348.28
|
367.53
|
344.26
|
309.41
|
286.95
|
273.22
|
275.08
|
|
Interest on Deposit
Interest on Deposit represents interest paid on deposits from customers. Types of deposits may include demand/checking deposit, non-interest-bearing/interest-bearing deposits, savings deposits, money market accounts, NOW accounts, time deposit accounts, and certificatesof deposit.
|
104.64
|
9.92
|
10.71
|
22.07
|
39.99
|
22.14
|
14.48
|
14.37
|
14.26
|
13.64
|
|
Interest on Other Borrowings
Interest on Other Borrowings represents interest paid for borrowings by banks. Although commercial banks mostly rely on capital from deposits from customers, such banks may issue notes and bonds as long-term capital resources. This interest paid on notes and bonds is still considered an operating interest expense for banks.
|
39.93
|
11.96
|
8.07
|
10.53
|
15.99
|
16.48
|
11.44
|
8.14
|
6.36
|
9.57
|
|
Total Interest Expense
Total Interest Expense represents total operating interest expense for financial institutions:<br/>Interest on Deposits<br/>Interest on Other Borrowings<br/>Federal Fund Purchased/Securities Sold Under Repurchase Agreement.
|
144.57
|
21.88
|
18.79
|
32.60
|
55.98
|
38.63
|
25.91
|
22.51
|
20.62
|
23.20
|
|
Net Interest Income
Net Interest Income represents Interest Income, Bank, reduced by Total Interest Expense for banks. Net Interest Income indicates interest margins for financial institutions engaged in the lending and borrowing businesses. However, Net Interest Income is computed before consideration of Loan Loss Provision.
|
378.22
|
362.19
|
321.09
|
315.68
|
311.56
|
305.63
|
283.49
|
264.44
|
252.61
|
251.88
|
|
Loan Loss Provision
Loan Loss Provision represents provisions established for possible defaults by customers on loans from a financial institution. Reserves for possible loan losses are established on loans outstanding on the basis of country risks, industry risks and specific risks of groups of borrowers. When a borrower is in default, the allowance is reduced and replenished in the following fiscal period, which is accounted for in Loan Loss Provision.
|
25.27
|
17.15
|
-8.26
|
--
|
25.41
|
28.83
|
30.99
|
25.43
|
18.29
|
19.54
|
|
Net Interest Income After Loan Loss Provision
Net Interest Income After Loan Loss Provision represents net gains from loan operations over capital costs for the loans provided after considering expected Loan Loss Provision expenses. It is computed as Interest Income, Bank less Total Interest Expense less Loan Loss Provision.
|
352.95
|
345.04
|
329.35
|
315.68
|
286.14
|
276.80
|
252.51
|
239.01
|
234.32
|
232.34
|
|
Fees & Commissions from Operations
Fees & Commissions From Operations represents fees and commissions earned from commercial banking operations. Although the primary source of income for commercial banks is interest income from loans to customers, they also generate income from money transferring fees, late fees, check clearing fees, and other fees and commissions.
|
15.43
|
14.63
|
13.35
|
13.20
|
36.32
|
36.75
|
36.34
|
35.29
|
36.08
|
36.89
|
|
Insurance Commissions, Fees & Premiums
Insurance Commissions, Fees & Premiums represents commissions, fees and premiums earned from taking or brokering insurance policy subscriptions. It is used only by banks that are involved in insurance as a secondary business activity.
|
15.67
|
14.70
|
14.08
|
14.76
|
--
|
--
|
--
|
--
|
--
|
--
|
|
Credit Card Fees
Credit Card Fees represents fees earned from credit card services for banks. Many banks issue credit cards and provide consumer loans to their customers. Fees are earned from processing credit card transactions and interest income from loans to customers. Credit cards are also issued by credit card companies. Fees earned from these cards are classified as Credit Card Fees.
|
20.83
|
29.06
|
31.30
|
25.96
|
23.89
|
22.70
|
21.37
|
19.45
|
18.25
|
17.14
|
|
Fees for Other Customer Services
Fees for Other Customer Services represents fees earned from customer services other than the following: <br/>Fees & Commissions From Operations<br/>Commissions/Fees From Securities Activities<br/>Insurance Commissions, Fees & Premiums<br/>Credit Card Fees<br/><br/>Fees for Other Customer Services includes:<br/>Consulting fees<br/>Lock box fees<br/>Other (unidentified) service fees earned from customers
|
47.22
|
48.11
|
42.19
|
35.85
|
30.39
|
26.99
|
20.21
|
16.06
|
14.15
|
12.13
|
|
Investment Securities Gains
Investment Securities Gains represents gains on the sale of investment securities. A commercial bank may be restricted to investing in certain types of securities, but subsidiaries of the bank may be in many different businesses, including investment banking and brokerages.
|
-9.32
|
-1.13
|
0.57
|
-0.39
|
4.21
|
-6.34
|
2.69
|
-0.64
|
7.27
|
19.49
|
|
Other Revenue
Other Revenue represents non-interest income from banking other than following items: <br/>Fees & Commissions From Operations<br/>Commissions/Fees From Securities Activities<br/>Insurance Commissions, Fees & Premiums<br/>Credit Card Fees<br/>Fees for Other Customer Services<br/>Real Estate Operation Gain<br/>Dealer Trading Account Profit<br/>Investment Securities Gains<br/>Foreign Currency Gains<br/><br/>Other Revenue includes:<br/>Fees for data processing<br/>Gain on sale of loans/mortgage loans<br/>Gain on sale of foreclosed real estate.
|
52.35
|
50.21
|
56.31
|
56.90
|
49.21
|
44.66
|
40.70
|
45.55
|
42.74
|
40.38
|
|
Non-Interest Income, Bank
Non-Interest Income – Bank represents the sum of: <br/>Fees & Commissions From Operations<br/>Commissions/Fees From Securities Activities<br/>Insurance Commissions, Fees & Premiums<br/>Credit Card Fees<br/>Fees for Other Customer Services<br/>Real Estate Operation Gain<br/>Dealer Trading Account Profit<br/>Investment Securities Gains<br/>Foreign Currency Gains<br/>Unrealized Gains<br/>Minimum Pension Liability Gain<br/>Other Unusual Income<br/>Other Revenue<br/>
|
142.18
|
155.58
|
157.79
|
146.28
|
144.02
|
124.76
|
121.30
|
115.71
|
118.48
|
126.03
|
|
Labor & Related Expenses
Labor & Related Expenses consists of expenses paid to employees of a bank in the form of salaries, wages, fees, benefits or any other form of compensation when such expenses are separately reported from the rest of selling, general and administrative expenses.
|
-194.25
|
-187.83
|
-172.58
|
-161.93
|
-156.87
|
-151.69
|
-133.61
|
-129.70
|
-124.32
|
-119.67
|
|
Amortization of Intangibles
Amortization of Intangibles represents systematic charges to expenses over the useful lives of assets that lack physical existence.
|
-4.73
|
-2.26
|
-2.81
|
-3.40
|
-3.58
|
-4.04
|
-3.96
|
-3.93
|
-4.86
|
-5.05
|
|
Real Estate Operation Expense
Real Estate Operation Expense represents expenses on rentals and losses from the sale of operating real estate.
|
-2.62
|
-2.65
|
-2.92
|
-3.30
|
-4.16
|
-4.22
|
-4.76
|
-3.46
|
-2.62
|
-3.25
|
|
Other Unusual Expense
Other Unusual Expense represents unusual expenses other than Restructuring Charge and Litigation.
|
-9.98
|
-0.97
|
--
|
-51.13
|
--
|
--
|
--
|
0.00
|
0.00
|
-17.90
|
|
Other Expense
Other Expense represents non-interest expense from banking other than the following items: <br/>Labor & Related Expenses<br/>Depreciation Expense<br/>Amortization of Intangibles<br/>Amortization of Acquisition Costs<br/>Real Estate Operation Expense<br/>Dealer Trading Account Loss<br/>Investment Securities Losses<br/>Foreign Currency Losses
|
-130.08
|
-110.76
|
-108.98
|
-109.11
|
-110.13
|
-104.62
|
-103.32
|
-98.83
|
-104.37
|
-100.20
|
|
Non-Interest Expense, Bank
Non-Interest Expense, Bank represents the sum of: <br/>Labor & Related Expenses<br/>Depreciation Expense<br/>Amortization of Intangibles<br/>Amortization of Acquisition Costs Real Estate Operation Expense<br/>Dealer Trading Account Loss<br/>Investment Securities Losses<br/>Foreign Currency Losses<br/>Unrealized Losses<br/>Minimum Pension Liability Loss<br/>Litigation Expense<br/>Restructuring Charge<br/>Other Unusual Expense<br/>Other Expense
|
-341.66
|
-304.47
|
-287.28
|
-328.87
|
-274.73
|
-264.56
|
-245.65
|
-235.92
|
-236.18
|
-246.06
|
|
Net Income Before Taxes
Income Before Tax represents the sum of Operating Income and the following items for all companies other than banks: <br/>Interest Income (Expense), Net Non-Operating<br/>Gain (Loss) on Sale of Assets<br/>Allowance for Funds Used During Construction – Utility only<br/>Other, Net<br/><br/>For banks, Net Interest Income After Loan Loss Provision is adjusted by the following items:<br/>Non-Interest Income, Bank<br/>Non-Interest Expense, Bank
|
153.46
|
196.16
|
199.86
|
133.09
|
155.43
|
137.00
|
128.16
|
118.80
|
116.63
|
112.30
|
|
Income Tax – Total
Income Tax – Total includes all taxes on the basis of profits that may be owed to federal, state and/or foreign government. These taxes do not include regressive taxes, such as sales taxes or excise taxes to state and federal government.
|
34.68
|
44.16
|
44.97
|
28.70
|
34.41
|
29.76
|
41.60
|
40.39
|
40.20
|
37.23
|
|
Income After Tax
Income After Tax represents the sum of Income Tax – Total and Income Before Tax.
|
118.78
|
152.00
|
154.89
|
104.39
|
121.02
|
107.24
|
86.56
|
78.41
|
76.43
|
75.07
|
|
Net Income Before Extraordinary Items
Net Income Before Extraordinary Items represents net income before being adjusted by extraordinary items, such as: <br/>Accounting Change<br/>Discontinued Operations<br/>Extraordinary Item<br/>Taxes on Extraordinary Items
|
118.78
|
152.00
|
154.89
|
104.39
|
121.02
|
107.24
|
86.56
|
78.41
|
76.43
|
75.07
|
|
Extraordinary Item
Extraordinary Item represents events and transactions that are distinguished by their unusual nature, by the infrequency of their occurrence, and the materiality of their impact on the earnings of the company.
|
--
|
--
|
--
|
--
|
--
|
5.33
|
-4.41
|
--
|
--
|
--
|
|
Total Extraordinary Items
Total Extraordinary Items represents the sum of: <br/>Accounting Change<br/>Discontinued Operations<br/>Extraordinary Item<br/>Tax on Extraordinary items.
|
--
|
--
|
--
|
--
|
--
|
5.33
|
-4.41
|
--
|
--
|
--
|
|
Net Income
Net Income represents the sum of Net Income Before Extraordinary Items and Total Extraordinary Items.
|
118.78
|
152.00
|
154.89
|
104.39
|
121.02
|
112.57
|
82.15
|
78.41
|
76.43
|
75.07
|
|
Income Available to Common Excluding Extraordinary Items
Income Available to Common Excluding Extraordinary Items represents net income available to common stockholders, not including the effect of extraordinary items, and is used to calculate Basic EPS Excluding Extraordinary Items.
|
118.78
|
152.00
|
154.89
|
104.39
|
121.02
|
107.24
|
86.56
|
78.41
|
76.43
|
75.07
|
|
Income Available to Common Stocks Including Extraordinary Items
Income Available to Common Stocks Including Extraordinary Items represents net income available to common stockholders, including extraordinary items, and is used to calculate Basic EPS Including Extraordinary Items.
|
118.78
|
152.00
|
154.89
|
104.39
|
121.02
|
112.57
|
82.15
|
78.41
|
76.43
|
75.07
|
|
Basic Weighted Average Shares
Basic Weighted Average Shares represents the weighted average common shares outstanding less the dilution of stock options for a given period. These shares are used to calculate Basic EPS.
|
44.53
|
42.92
|
43.42
|
43.69
|
43.82
|
43.70
|
43.58
|
43.24
|
43.84
|
43.88
|
|
Basic EPS Excluding Extraordinary Items
Basic EPS Excluding Extraordinary Items represents Income Available to Common Excluding Extraordinary Items divided by Basic Weighted Average Shares.
|
2.67
|
3.54
|
3.57
|
2.39
|
2.76
|
2.45
|
1.99
|
1.81
|
1.74
|
1.71
|
|
Basic EPS Including Extraordinary Items
Basic EPS Including Extraordinary Items represents Income Available to Common Stocks Including Extraordinary Items divided byBasic Weighted Average Shares.
|
2.67
|
3.54
|
3.57
|
2.39
|
2.76
|
2.58
|
1.89
|
1.81
|
1.74
|
1.71
|
|
Diluted Net Income
Diluted Net Income represents Net Income adjusted by Dilution Adjustment for Diluted EPS computation. Diluted Net Income assumes the conversion of all convertible preferred stock and debt, which means the net income will be adjusted for not paying out any interest expense or preferred dividends.
|
118.78
|
152.00
|
154.89
|
104.39
|
121.02
|
112.57
|
82.15
|
78.41
|
76.43
|
75.07
|
|
Diluted Weighted Average Shares
Diluted Weighted Average Shares represents the number of shares for Diluted EPS computation. This is used as a denominator for computation of Diluted EPS Excluding Extraordinary Items and Diluted EPS Including Extraordinary Items.
|
44.77
|
43.18
|
43.72
|
43.99
|
44.12
|
44.02
|
43.91
|
43.62
|
44.39
|
44.40
|
|
Diluted EPS Excluding Extraordinary Items
Diluted EPS Excluding Extraordinary Items represents Diluted Net Income excluding Total Extraordinary Items and divided by Diluted Weighted Average Shares.
|
2.65
|
3.52
|
3.54
|
2.37
|
2.74
|
2.44
|
1.97
|
1.80
|
1.72
|
1.69
|
|
Diluted EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items represents Diluted Net Income divided by Diluted Weighted Average Shares.
|
2.65
|
3.52
|
3.54
|
2.37
|
2.74
|
2.56
|
1.87
|
1.80
|
1.72
|
1.69
|
|
DPS - Common Stock Primary Issue
DPS – Common Stock Primary Issue represents dividends paid per share to the primary common shareholders.
|
1.24
|
1.16
|
1.10
|
1.08
|
1.05
|
0.99
|
0.92
|
0.90
|
0.87
|
0.84
|
|
Gross Dividends - Common Stock
Gross Dividends – Common Stock represents total dividends declared and paid to common shareholders for a period. It represents the gross amount of dividends, before taxes withheld for stockholders.
|
55.89
|
49.77
|
47.74
|
47.21
|
46.01
|
43.27
|
40.10
|
38.88
|
38.15
|
36.91
|
|
Total Special Items
Total Special Items captures all of the unusual/one-time/special items that impact a company in any given period.
|
9.98
|
0.97
|
--
|
51.13
|
--
|
--
|
--
|
0.00
|
0.00
|
17.90
|
|
Normalized Income Before Taxes
Normalized Income Before Taxes represents income before taxes excluding nonrecurring charges and/or credits. It represents the sum of Income Before Tax and Total Special Items.
|
163.44
|
197.12
|
199.86
|
184.22
|
155.43
|
137.00
|
128.16
|
118.80
|
116.63
|
130.21
|
|
Effect of Special Items on Income Taxes
Effect of Special Items on Income Taxes represents the tax effect of non-recurring charges and/or credits.
|
2.25
|
0.22
|
--
|
11.03
|
--
|
--
|
--
|
0.00
|
0.00
|
5.93
|
|
Income Taxes Excluding Impact of Special Items
Income Taxes Excluding Impact of Special Items represents the sum of Income Tax – Total and the Effect of Special Items on Income Taxes.
|
36.93
|
44.38
|
44.97
|
39.73
|
34.41
|
29.76
|
41.60
|
40.39
|
40.20
|
43.16
|
|
Normalized Income After Taxes
Normalized Income After Taxes represents income after taxes excluding nonrecurring charges and/or credits and the related tax effects of excluding the non-recurring charges and/or credits. It is calculated by subtracting Income Taxes Except Impact of Special Items from Normalized Income Before Taxes.
|
126.51
|
152.74
|
154.89
|
144.50
|
121.02
|
107.24
|
86.56
|
78.41
|
76.43
|
87.04
|
|
Normalized Income Available to Common
Normalized Income Available to Common represents the sum of Normalized Income After Taxes and Total Adjustments to Net Income.
|
126.51
|
152.74
|
154.89
|
144.50
|
121.02
|
107.24
|
86.56
|
78.41
|
76.43
|
87.04
|
|
Basic Normalized EPS
Basic Normalized EPS represents Normalized Income Available to Common divided by Basic Weighted Average Shares.
|
2.84
|
3.56
|
3.57
|
3.31
|
2.76
|
2.45
|
1.99
|
1.81
|
1.74
|
1.98
|
|
Diluted Normalized EPS
Diluted Normalized EPS represents Normalized Income Available to Common adjusted for Dilution Adjustment divided by Diluted Weighted Average Shares.
|
2.83
|
3.54
|
3.54
|
3.28
|
2.74
|
2.44
|
1.97
|
1.80
|
1.72
|
1.96
|
|
Amortization of Intangibles, Supplemental
Amortization of Intangibles, Supplemental represents systematic charges to expense over the useful lives of assets that lack physical existence and a high degree of uncertainty concerning future benefits.
|
4.73
|
2.26
|
2.81
|
3.40
|
3.58
|
4.04
|
3.96
|
3.93
|
4.86
|
5.05
|
|
Depreciation, Supplemental
Depreciation, Supplemental represents the accounting process of allocating the cost of tangible assets to expenses in a systematic and rational manner to those periods expected to benefit from the use of the assets.
|
10.70
|
10.16
|
9.90
|
9.77
|
9.50
|
9.28
|
9.06
|
9.02
|
8.65
|
8.32
|
|
Rental Expense, Supplemental
Rental Expense, Supplemental represents rental expenses paid for offices, factories, machinery and equipment.
|
6.84
|
6.64
|
7.18
|
7.38
|
9.83
|
8.60
|
8.50
|
7.80
|
7.90
|
8.00
|
|
Stock-Based Compensation, Supplemental
Stock-Based Compensation, Supplemental represents expense related to the adoption of FAS 123(R), “Share-Based Payment”. Stock-Based Compensation expense is measured at the grant date based on the fair value of the award and is recognized as expense over the employee requisite service period.
|
5.10
|
4.53
|
4.41
|
4.58
|
4.21
|
3.94
|
3.64
|
4.38
|
4.09
|
3.52
|
|
Advertising Expense, Supplemental
Advertising Expense - Supplemental represents the cost of advertising, media and promotional expenses. It may include outsourced advertising expenses for marketing.
|
3.05
|
2.82
|
2.52
|
2.29
|
2.77
|
2.78
|
2.74
|
2.56
|
2.65
|
2.83
|
|
Audit-Related Fees, Supplemental
Audit Fees, Supplemental comprise of fees for professional services necessary to perform an audit or review in accordance with the standards of the Public Company Accounting Oversight Board, including services rendered for the audit of the Company’s annual financial statements (including services incurred with rendering an opinion under Section 404 of the Sarbanes-Oxley Act of 2002) and review of quarterly financial statements.
|
--
|
1.07
|
1.03
|
1.08
|
1.02
|
1.02
|
0.98
|
0.89
|
0.86
|
0.76
|
|
Audit-Related Fees
Audit-Related Fees, Supplemental comprise fees for services that are reasonably related to the performance of the audit or review of the Company’s financial statements.
|
--
|
0.07
|
0.08
|
0.06
|
0.07
|
0.09
|
0.06
|
0.06
|
0.09
|
0.04
|
|
Tax Fees, Supplemental
Tax Fees, Supplemental comprise of fees for tax compliance, tax planning, and tax advice. Corporate tax services encompass a variety of permissible services.
|
--
|
--
|
--
|
--
|
0.00
|
0.00
|
0.00
|
0.00
|
0.05
|
0.15
|
|
All Other Fees Paid to Auditor, Supplemental
All Other Fees Paid to Auditor, Supplemental represents other professional fees paid to the Auditor by the company not classified as: <br/>Audit Fees, Supplemental<br/>Audit-Related Fees, Supplemental<br/>Tax Fees, Supplemental.
|
--
|
0.03
|
0.00
|
0.08
|
0.32
|
0.00
|
0.23
|
0.01
|
--
|
0.00
|
|
Pretax Margin
Pretax Margin represents Income Before Tax divided by Total Revenue.
|
29.35
|
51.07
|
58.80
|
38.21
|
42.29
|
39.80
|
41.42
|
41.40
|
42.69
|
40.83
|
|
Effective Tax Rate
Effective Tax Rate represents Income Tax – Total divided by Income Before Tax.
|
22.60
|
22.51
|
22.50
|
21.56
|
22.14
|
21.72
|
32.46
|
34.00
|
34.47
|
33.15
|
|
Net Profit Margin
Net Profit Margin represents Income Available to Common Excluding Extraordinary Items divided by Total Revenue.
|
22.72
|
39.57
|
45.57
|
29.97
|
32.93
|
31.15
|
27.98
|
27.33
|
27.97
|
27.29
|
|
Bank Total Revenue
Bank Total Revenue represents the sum of: <br/>Interest Income, Bank<br/>Non-Interest Income, Bank.
|
520.40
|
517.77
|
478.88
|
461.95
|
455.58
|
430.39
|
404.80
|
380.15
|
371.09
|
377.91
|
|
Current Tax - Domestic
Current Tax – Domestic reflects the portion of a company’s current income tax provision attributable to its domestic tax jurisdiction.
|
22.83
|
51.08
|
35.48
|
36.36
|
28.48
|
15.76
|
35.84
|
30.49
|
32.87
|
26.06
|
|
Current Tax - Local
Current Tax – Local reflects the portion of a company’s current income tax provision attributable to local tax jurisdictions. Current Tax – Local does not include current provisions for federal or national income taxes.
|
5.89
|
12.93
|
8.63
|
9.77
|
7.65
|
5.98
|
6.60
|
5.63
|
4.33
|
2.82
|
|
Current Tax - Total
Current Tax – Total reflects the sum of Current Tax – Domestic, Current Tax – Foreign, Current Tax – Local, Current Tax – Other and Current Tax – Total.
|
28.72
|
64.01
|
44.11
|
46.13
|
36.13
|
21.74
|
42.44
|
36.12
|
37.20
|
28.88
|
|
Deferred Tax - Domestic
Deferred Tax – Domestic reflects the portion of a company’s deferred income tax provision attributable to its domestic tax jurisdiction. Deferred tax provisions are established to account for changes in deferred tax asset and liability accounts within a given period.
|
4.59
|
-15.86
|
0.51
|
-14.02
|
-1.38
|
7.61
|
-0.56
|
3.99
|
2.52
|
6.65
|
|
Deferred Tax - Local
Deferred Tax – Local reflects the portion of a company’s deferred income tax provision attributable to local tax jurisdictions. Deferred tax provisions are established to account for changes in deferred tax asset and liability accounts within a given period. It does not include deferred provisions for federal or national income taxes.
|
1.37
|
-3.99
|
0.36
|
-3.41
|
-0.34
|
0.42
|
-0.28
|
0.28
|
0.48
|
1.70
|
|
Deferred Tax - Total
Deferred Tax – Total reflects the sum of Deferred Tax – Domestic, Deferred Tax – Foreign, Deferred Tax – Local, Deferred Tax – Other and Deferred Tax – Total.
|
5.96
|
-19.85
|
0.86
|
-17.43
|
-1.72
|
8.02
|
-0.84
|
4.27
|
3.00
|
8.35
|
|
Income Tax - Total
Income Tax – Total reflects the sum of Domestic Tax - Other, Foreign Tax – Other, Local Tax – Other and Other Tax.
|
34.68
|
44.16
|
44.97
|
28.70
|
34.41
|
29.76
|
41.60
|
40.39
|
40.20
|
37.23
|
|
Interest Cost - Domestic
Interest Cost – Domestic represents the increase in projected benefit obligation due to the passage of time for plans based in the company’s home country.
|
4.00
|
2.77
|
2.72
|
3.24
|
3.94
|
3.65
|
4.17
|
4.22
|
3.98
|
4.14
|
|
Service Cost - Domestic
Service Cost – Domestic represents the present value of pension benefits attributed to current reporting period for plans based in the company’s home country.
|
1.90
|
2.02
|
2.07
|
1.84
|
1.72
|
1.66
|
1.51
|
2.16
|
2.68
|
2.29
|
|
Prior Service Cost - Domestic
Prior Service Cost – Domestic represents the cost of retroactive benefits granted in a plan amendment for plans based in the company’s home country.
|
0.04
|
0.11
|
0.06
|
0.04
|
0.04
|
0.04
|
0.05
|
0.03
|
0.02
|
0.02
|
|
Expected Return on Assets - Domestic
Expected Return on Plan Assets - Domestic represents the reporting company’s expected long term return on its pension plan assets.
|
-7.38
|
-8.88
|
-8.79
|
-8.41
|
-7.48
|
-8.48
|
-7.93
|
-7.43
|
-8.59
|
-8.68
|
|
Actuarial Gains and Losses - Domestic
Actuarial Gains and Losses – Domestic represents the change in the value of either the projected benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption.
|
2.63
|
0.62
|
1.26
|
1.54
|
2.59
|
0.93
|
1.67
|
2.24
|
2.17
|
0.08
|
|
Curtailments & Settlements - Domestic
Curtailments and Settlements – Domestic reflects the financial impact of the events that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some of all of their future services.
|
--
|
--
|
0.00
|
-0.07
|
--
|
0.00
|
0.00
|
-0.77
|
-0.15
|
--
|
|
Domestic Pension Plan Expense
Domestic Pension Plan Expense consists of all incomes and expenses associated with the company’s Domestic pension plan.
|
1.20
|
-3.36
|
-2.68
|
-1.83
|
0.82
|
-2.20
|
-0.54
|
0.45
|
0.11
|
-2.15
|
|
Interest Cost - Post-Retirement
Interest Cost – Post-Retirement represents the increase in projected benefit obligation due to the passage of time, for Post-Retirement plans.
|
0.24
|
0.17
|
0.16
|
0.21
|
0.27
|
0.33
|
0.36
|
0.35
|
0.37
|
0.35
|
|
Service Cost - Post-Retirement
Service Cost – Post-Retirement represents the present value of pension benefits attributed to current reporting period for Post-Retirement plans.
|
0.00
|
0.01
|
0.01
|
0.01
|
0.01
|
0.01
|
0.01
|
0.01
|
0.02
|
0.02
|
|
Prior Service Cost - Post-Retirement
Prior Service Cost – Post-Retirement represents the cost of retroactive benefits granted in a plan amendment for Post-Retirement plans.
|
0.00
|
0.01
|
0.05
|
0.05
|
0.05
|
0.05
|
0.05
|
-0.06
|
-0.22
|
-0.21
|
|
Expected Return on Assets - Post-Retirement
Expected Return on Plan Assets –Post-Retirement represents the reporting company’s expected long term return on its pension plan assets for Post-Retirement plans.
|
-0.03
|
0.00
|
0.00
|
--
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Actuarial Gains and Losses - Post-Retirement
Actuarial Gains and Losses - Post-Retirement represents the change in the value of either the projected benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption.
|
--
|
--
|
--
|
--
|
0.00
|
0.12
|
0.09
|
0.12
|
0.26
|
0.15
|
|
Curtailments & Settlements - Post-Retirement
Curtailments and Settlements - Post-Retirement reflects the financial impact of the events that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some of all of their future services.
|
--
|
--
|
--
|
--
|
--
|
--
|
--
|
--
|
0.00
|
--
|
|
Post-Retirement Plan Expense
Post-Retirement Plan Expense consists of all incomes and expenses associated with the company’s Post-Retirement plan.
|
0.21
|
0.18
|
0.22
|
0.27
|
0.33
|
0.51
|
0.51
|
0.43
|
0.44
|
0.31
|
|
Defined Contribution Expense - Domestic
Defined Contribution Expense – Domestic represents funds contributed to benefit plans during reported period.
|
4.40
|
4.00
|
3.90
|
3.60
|
3.60
|
--
|
--
|
--
|
--
|
2.20
|
|
Total Pension Expense
Total Pension Expense represents the following: <br/>Defined Contribution Expense – Domestic<br/>Defined Contribution Expense – Foreign<br/>Defined Contribution Expense – Post-Retirement.
|
5.81
|
0.82
|
1.44
|
2.04
|
4.75
|
-1.69
|
-0.03
|
0.88
|
0.54
|
0.36
|
|
Discount Rate - Domestic
Discount Rate – Domestic represents the rate used in determining the present value of plan obligations for plans based in the company’s home country.
|
--
|
--
|
3.08
|
3.69
|
4.79
|
4.20
|
4.76
|
4.69
|
4.19
|
4.90
|
|
Expected Rate of Return - Domestic
Expected Rate of Return- Domestic represents the estimated return on plan assets for plans based in the company’s home country.
|
6.70
|
6.70
|
7.00
|
7.00
|
7.00
|
7.00
|
7.00
|
7.00
|
7.50
|
7.50
|
|
Compensation Rate - Domestic
Compensation Rate – Domestic represents the projected increase in salaries used in calculation of future benefit obligations for plans based in the company’s home country.
|
--
|
--
|
3.00
|
3.00
|
3.00
|
3.00
|
3.00
|
3.00
|
3.00
|
3.00
|
|
Total Plan Interest Cost
Total Plan Interest Cost represents the total amount of interest costs paid on all of a company’s pension and post-retirement plans. It is calculated as the sum of: <br/>Interest Cost – Domestic<br/>Interest Cost – Foreign<br/>Interest Cost – Post Retirement.
|
4.24
|
2.94
|
2.88
|
3.45
|
4.21
|
3.97
|
4.53
|
4.58
|
4.35
|
4.49
|
|
Total Plan Service Cost
Total Plan Service Cost represents the total amount of service costs paid on all of a company’s pension and post-retirement plans. It is calculated as the sum of: <br/>Service Cost – Domestic<br/>Service Cost – Foreign<br/>Service Cost – Post Retirement.
|
1.91
|
2.03
|
2.08
|
1.85
|
1.73
|
1.67
|
1.52
|
2.18
|
2.69
|
2.31
|
|
Total Plan Expected Return
Total Plan Expected Return represents the total amount of expected return on all of a company’s pension and post-retirement plans. It is calculated as the sum of: <br/>Expected Return on Assets – Domestic<br/>Expected Return on Assets – Foreign<br/>Expected Return on Assets – Post Retirement.
|
-7.41
|
-8.88
|
-8.79
|
-8.41
|
-7.48
|
-8.48
|
-7.93
|
-7.43
|
-8.59
|
-8.68
|
|
Net Interest Margin, Total -%
Net Interest Margin, Total - % represents the Company level Net Interest Margin, as reported by the company. It shows the difference between interest income earned and the interest paid on borrowings by the bank, as a percentage of its earning assets.
|
3.29
|
3.34
|
3.03
|
3.31
|
3.58
|
3.58
|
3.47
|
3.43
|
3.50
|
3.61
|