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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Interest and Fees and Loans $ 514 $ 581 $ 1,046 $ 1,151
Interest on Money Market Investments 1 8 9 17
Interest on Securities 80 95 161 191
Total interest income 595 684 1,216 1,359
Interest expense:        
Interest on Deposits 23 66 74 123
Interest on short- and long-term borrowings 9 49 31 91
Total interest expense 32 115 105 214
Net interest income 563 569 1,111 1,145
Provision for loan losses 161 20 401 22
Provision for unfunded lending commitments 7 1 25 3
Total provision for credit losses 168 21 426 25
Net interest income after provision for credit losses 395 548 685 1,120
Noninterest income:        
Commercial account fees 30 30 61 60
Card fees 19 23 39 46
Retail and business banking fees 15 20 33 38
Loan-related fees and income 27 17 53 35
Capital markets and foreign exchange fees 18 20 42 35
Wealth management and trust fees 15 15 31 28
Other customer-related fees 6 5 12 10
Customer-related fees 130 130 271 252
Fair value and nonhedge derivative loss (12) (6) (23) (8)
Dividends and other investment income 3 11 11 22
Securities losses, net (4) (3) (9) (2)
Total noninterest income 117 132 250 264
Noninterest expense:        
Salaries and employee benefits 267 274 540 562
Occupancy, net 32 32 65 65
Furniture, equipment and software, net 32 35 64 67
Other real estate expense, net 0 0 0 (1)
Credit-related expense 6 8 10 13
Professional and legal services 10 13 22 23
Advertising 3 5 6 11
FDIC Premiums 7 6 12 12
Other 73 51 118 102
Total noninterest expense 430 424 837 854
Income before income taxes 82 256 98 530
Income taxes 16 58 18 119
Net income 66 198 80 411
Preferred stock dividends (9) (9) (17) (17)
Net earnings applicable to common shareholders $ 57 $ 189 $ 63 $ 394
Weighted average common shares outstanding during the period:        
Basic shares (in shares) 163,542 179,156 163,843 181,946
Weighted average diluted common shares outstanding (in shares) 164,425 189,098 168,132 192,206
Net earnings per common share:        
Basic (in dollars per share) $ 0.34 $ 1.05 $ 0.38 $ 2.15
Diluted (in dollars per share) $ 0.34 $ 0.99 $ 0.37 $ 2.04