Capital One Financial, with its very heavy and very profitable credit card operations, is the largest of these 15 banks in profit.
I excluded from the 1Q 2012 Pretax Income of Capital One Financial, its large Bargain Purchase Gain.
These 15 US Big National/Regional Banks generated Total Pretax Income of $7.4 bil in the 1Q 2012, which was up only a very modest 1% over the 1Q 2011. And this 1% total earnings growth lacked quality, since the bank with the highest percentage earnings growth in the 1Q 2012, Regions Financial, had a $365 mil lower Loan Loss Provision Charge in the 1Q 2012, which more than totally accounted for its $300 mil increase in its Pretax Income in the 1Q 2012.
I don't think it is good for the US economy for the two largest traditional banks to have their earnings growth in the 1Q 2012.....Wells Fargo at 23% and US Bancorp at 31%.....so much higher than the paltry 1% total earnings growth of these 15 much smaller banks.
Below here is the Pretax Income (PTI) of these 15 US Big National/Regional Banks for the 1Q 2012 and the 1Q 2011.
| Increase | Increase | |||
| PTI | PTI | (Decrease) | (Decrease) | |
| 1Q 2012 | 1Q 2011 | Amount | % | |
| mils $s | mils $s | mils $s | ||
| US National/Regional Banks | ||||
| Capital One Financial | 1,264 | 1,386 | (122) | -9% |
| PNC Financial | 1,092 | 1,140 | (48) | -4% |
| Bank NY Mellon | 885 | 949 | (64) | -7% |
| BB&T | 634 | 287 | 347 | 121% |
| Fifth Third Bancorp | 603 | 377 | 226 | 60% |
| State Street Corp | 586 | 660 | (74) | -11% |
| SunTrust Banks | 329 | 220 | 109 | 50% |
| Regions Financial | 321 | 21 | 300 | 1429% |
| M&T Bank | 308 | 309 | (1) | 0% |
| Key Corp | 280 | 393 | (113) | -29% |
| Santander Holdings US | 267 | 494 | (227) | -46% |
| Unionbancal | 242 | 345 | (103) | -30% |
| Northern Trust | 237 | 230 | 7 | 3% |
| Huntington Bancshares | 205 | 161 | 44 | 27% |
| HSBC USA | 98 | 292 | (194) | -66% |
| Total all 15 | 7,351 | 7,264 | 87 | 1% |
