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CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue:      
Interest income $ 2,111 $ 2,009 $ 1,571
Interest expense (259) (163) (86)
Net interest income 1,852 1,846 1,485
Gains (losses) on securities and other, net (23) 53 28
Other revenue 48 45 43
Total non-interest income 1,034 1,027 881
Total net revenue 2,886 2,873 2,366
Provision (benefit) for loan losses (51) (86) (168)
Non-interest expense:      
Compensation and benefits 670 621 546
Advertising and market development 196 200 166
Clearing and servicing 133 126 124
Professional services 105 96 99
Occupancy and equipment 135 124 116
Communications 99 116 121
Depreciation and amortization 88 92 82
FDIC insurance premiums 14 30 31
Amortization of other intangibles 61 48 36
Restructuring and acquisition-related activities 23 7 15
Losses on early extinguishment of debt 0 4 58
Other non-interest expenses 94 77 76
Total non-interest expense 1,618 1,541 1,470
Income before income tax expense 1,319 1,418 1,064
Income tax expense 364 366 450
Net income 955 1,052 614
Preferred stock dividends 40 36 25
Net income available to common shareholders $ 915 $ 1,016 $ 589
Basic earnings per common share (in dollars per share) $ 3.86 $ 3.90 $ 2.16
Diluted earnings per common share (in dollars per share) $ 3.85 $ 3.88 $ 2.15
Basic (in thousands) 237,396 260,600 273,190
Diluted (in thousands) 237,931 261,669 274,352
Commissions [Member]      
Non-interest Income      
Revenue $ 421 $ 498 $ 441
Fees and service charges [Member]      
Non-interest Income      
Revenue $ 588 $ 431 $ 369