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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Interest and fees on loans $ 1,935 $ 2,050 $ 2,289
Interest on money market investments 21 14 32
Interest on securities 311 304 362
Total interest income 2,267 2,368 2,683
Interest expense:      
Interest on deposits 30 105 254
Interest on short- and long-term borrowings 29 47 157
Total interest expense 59 152 411
Net interest income 2,208 2,216 2,272
Provision for loan losses (258) 385 37
Provision for unfunded lending commitments (18) 29 2
Total provision for credit losses (276) 414 39
Net interest income after provision for credit losses 2,484 1,802 2,233
Noninterest income:      
Commercial account fees 134 125 121
Card fees 95 82 92
Retail and business banking fees 74 68 78
Loan-related fees and income 95 109 75
Capital markets and foreign exchange fees 73 77 78
Wealth management fees 50 44 40
Other customer-related fees 54 44 41
Customer-related fees 575 549 525
Fair value and nonhedge derivative income (loss) 14 (6) (9)
Dividends and other income 43 24 43
Securities gains, net 71 7 3
Total noninterest income 703 574 562
Noninterest expense:      
Salaries and employee benefits 1,127 1,087 1,141
Occupancy, net 131 130 133
Furniture, equipment and software, net 128 127 135
Other real estate expense, net 0 1 (3)
Credit-related expense 26 22 20
Professional and legal services 68 52 47
Advertising 19 19 19
FDIC premiums 25 25 25
Other noninterest expense 217 241 225
Total noninterest expense 1,741 1,704 1,742
Income before income taxes 1,446 672 1,053
Income taxes 317 133 237
Net income 1,129 539 816
Preferred stock dividends (29) (34) (34)
Net earnings applicable to common shareholders $ 1,100 $ 505 $ 782
Weighted average common shares outstanding during the year:      
Basic shares (in shares) 159,913 163,737 175,984
Diluted shares (in shares) 160,234 165,613 186,504
Net earnings per common share:      
Basic (in dollars per share) $ 6.80 $ 3.06 $ 4.41
Diluted (in dollars per share) $ 6.79 $ 3.02 $ 4.16