Quarterly Financial Information

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Financial information by quarter for 2017 and 2016 is as follows:

(In millions, except per share amounts)	Quarters
	First			Second			Third			Fourth			Year
2017
Gross interest income	$	515		$	558		$	557		$	562		$	2,192
Net interest income	489			528			522			526			2,065
Provision for loan losses	23			7			5			(11		)	24
Noninterest income	132			132			140			140			544
Noninterest expense	414			405			413			417			1,649
Income before income taxes	184			248			244			260			936
Net income	139			168			161			124			592
Preferred stock dividends	(10		)	(12		)	(8		)	(10		)	(40		)
Preferred stock redemption	—			(2		)	—			—			(2		)
Net earnings applicable to common shareholders	129			154			153			114			550
Net earnings per common share:
Basic	0.63			0.76			0.75			0.57			2.71
Diluted	0.61			0.73			0.72			0.54			2.60
2016
Gross interest income	$	475		$	487		$	491		$	501		$	1,954
Net interest income	453			465			469			480			1,867
Provision for loan losses	42			35			19			(3		)	93
Noninterest income	117			126			145			128			516
Noninterest expense	396			382			403			404			1,585
Income before income taxes	132			174			192			207			705
Net income	91			114			127			137			469
Preferred stock dividends	(12		)	(14		)	(10		)	(12		)	(48		)
Preferred stock redemption	—			(10		)	—			—			(10		)
Net earnings applicable to common shareholders	79			90			117			125			411
Net earnings per common share:
Basic	0.38			0.44			0.57			0.61			2.00
Diluted	0.38			0.44			0.57			0.60			1.99

Certain prior year amounts have been reclassified to conform with the current year presentation. These reclassifications did not affect net income. See related discussion in Note 1. Individual quarter information may be different than previously reported due to rounding.

Quarterly Financial Information [Table Text Block]

(In millions, except per share amounts)	Quarters
	First			Second			Third			Fourth			Year
2017
Gross interest income	$	515		$	558		$	557		$	562		$	2,192
Net interest income	489			528			522			526			2,065
Provision for loan losses	23			7			5			(11		)	24
Noninterest income	132			132			140			140			544
Noninterest expense	414			405			413			417			1,649
Income before income taxes	184			248			244			260			936
Net income	139			168			161			124			592
Preferred stock dividends	(10		)	(12		)	(8		)	(10		)	(40		)
Preferred stock redemption	—			(2		)	—			—			(2		)
Net earnings applicable to common shareholders	129			154			153			114			550
Net earnings per common share:
Basic	0.63			0.76			0.75			0.57			2.71
Diluted	0.61			0.73			0.72			0.54			2.60
2016
Gross interest income	$	475		$	487		$	491		$	501		$	1,954
Net interest income	453			465			469			480			1,867
Provision for loan losses	42			35			19			(3		)	93
Noninterest income	117			126			145			128			516
Noninterest expense	396			382			403			404			1,585
Income before income taxes	132			174			192			207			705
Net income	91			114			127			137			469
Preferred stock dividends	(12		)	(14		)	(10		)	(12		)	(48		)
Preferred stock redemption	—			(10		)	—			—			(10		)
Net earnings applicable to common shareholders	79			90			117			125			411
Net earnings per common share:
Basic	0.38			0.44			0.57			0.61			2.00
Diluted	0.38			0.44			0.57			0.60			1.99