XML 66 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Interest and fees on loans $ 2,289 $ 2,102 $ 1,847
Interest on money market investments 32 29 19
Interest on securities 362 350 326
Interest and Dividend Income, Operating 2,683 2,481 2,192
Interest expense:      
Interest on deposits 254 135 59
Interest on short- and long-term borrowings 157 116 68
Total interest expense 411 251 127
Net Interest Income 2,272 2,230 2,065
Provision for loan losses 37 39 24
Provision for unfunded lending commitments 2 1 7
Provision for Credit Losses 39 40 17
Interest Income Expense After Provision For Credit Losses 2,233 2,270 2,048
Noninterest income:      
Commercial account fees 121 122 126
Card fees 92 94 96
Retail and business banking fees 78 78 78
Loan-related fees and income 75 74 72
Capital markets and foreign exchange gain (loss) 78 58 49
Wealth management and trust fees 60 55 47
Other customer-related fees 21 27 22
Noninterest income, Customer-related Fees 525 508 490
Dividends and other investment income 34 43 40
Debt and Equity Securities, Gain (Loss) 3 1 14
Noninterest Income 562 552 544
Noninterest expense:      
Salaries and employee benefits 1,141 1,070 1,006
Occupancy, net 133 132 129
Furniture, equipment, and software, net 135 126 130
Other real estate expense, net (3) 1 (1)
Credit-related expense 20 25 29
Professional and legal services 47 52 57
Advertising 19 26 22
FDIC premiums 25 50 53
Other 225 197 231
Total noninterest Expense 1,742 1,679 1,656
Income (Loss) from Continuing Operations before Income Taxes, Domestic 1,053 1,143 936
Income taxes 237 259 344
Net Income 816 884 592
Preferred stock dividends (34) (34) (40)
Preferred stock redemption 0 0 (2)
Net Income (Loss) Available to Common Stockholders, Basic $ 782 $ 850 $ 550
Weighted average common shares outstanding during the period:      
Basic shares 175,984 193,589 200,776
Diluted shares 186,504 206,501 209,653
Net earnings per common share:      
Basic, per share $ 4.41 $ 4.36 $ 2.71
Diluted, per share $ 4.16 $ 4.08 $ 2.60