These 14 US Big National/Regional Banks had their Total Core Adjusted After-tax Net Income in the 1Q 2013 increase by a very solid 16% from the 1Q 2012, more than triple the total earnings increase of the Big 8 US Financial Corps.
Core Adjusted After-tax Net Income excludes Special, Unusual Items which are significant in amount relative to Reported Net Income..
The clear stick out winner here was Capital One Financial, whose Net Interest Income increased from $3,414 mil in the 1Q 2012 to $4,570 mil in the 1Q 2013, mainly due to its acquisition of HSBC US Credit Card Loans.
Regions Financial also had an exceptional earnings increase in the 1Q 2013, although it was mainly driven by a much lower Loan Loss Provision.
Of these 14 Banks, 12 of them had their 1Q 2013 earnings increase over the 1Q 2012, as did Wells Fargo and US Bancorp, both included in the Big 8 US Financial Corps in an earlier post.
This 16% total earnings growth in the 1Q 2013 over the 1Q 2012, was a deceleration of the exceptional total earnings growth of these same Banks in the 4Q 2012 over the 4Q 2011.
Below here is the Core Adjusted Net Income of these 14 US Big National/Regional Banks for the 1Q 2013 and for the 1Q 2012:
| Adjusted | Adjusted | |||
| 1Q | 1Q | Net | Net | |
| 2013 | 2012 | Income | Income | |
| Adjusted | Adjusted | Increase | Increase | |
| Net | Net | (Decrease) | (Decrease) | |
| Income | Income | Amount | % | |
| mils of $s | mils of $s | mils of $s | ||
| US Big National/Regional Banks | ||||
| Capital One Financial (VA) | 1,144 | 911 | 233 | 26% |
| PNC Financial (PA) | 938 | 860 | 78 | 9% |
| Bank NY Mellon (NY) | 588 | 619 | (31) | -5% |
| BB&T (NC) | 491 | 431 | 60 | 14% |
| State Street Corp (MA) | 443 | 410 | 33 | 8% |
| Fifth Third Bancorp (OH) | 391 | 338 | 53 | 16% |
| SunTrust Banks (GA) | 340 | 245 | 95 | 39% |
| Regions Financial (AL) | 325 | 185 | 140 | 76% |
| M&T Bank (NY) | 255 | 188 | 67 | 36% |
| KeyCorp (OH) | 196 | 195 | 1 | 1% |
| Northern Trust (IL) | 162 | 160 | 2 | 1% |
| Huntington Bancshares (OH) | 152 | 153 | (1) | -1% |
| Comerica (TX) | 132 | 129 | 3 | 2% |
| First Republic Bancorp (CA) | 105 | 68 | 37 | 54% |
| Total all 14 | 5,662 | 4,892 | 770 | 16% |
