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Unaudited National City Corporation CONSOLIDATED FINANCIAL HIGHLIGHTS ($ in millions) 2006 3rd Qtr 2nd Qtr 1st Qtr EARNINGS Tax-equivalent interest income $2,298 $2,243 $2,153 Interest expense 1,148 1,076 969 Tax-equivalent net interest income 1,150 1,167 1,184 Provision for credit losses 73 60 27 Tax-equivalent NII after provision for credit losses 1,077 1,107 1,157 Fees and other income 916 783 644 Securities gains (losses), net - 1 12 Noninterest expense 1,184 1,174 1,149 Income before taxes and tax- equivalent adjustment 809 717 664 Income taxes 250 238 197 Tax-equivalent adjustment 8 6 8 Net income $551 $473 $459 Effective tax rate 31.2% 33.5% 30.1%

Tags:
Tax equivalent adjustment
Small Business Insurance
Credit Insurance