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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income        
Interest and fees on loans $ 421.3 $ 447.6 $ 833.4 $ 899.5
Other interest and dividends 56.9 31.1 100.5 62.1
Interest income 478.2 478.7 933.9 961.6
Interest expense        
Interest on borrowings (114.6) (92.2) (183.7) (187.7)
Interest on deposits (94.6) (99.4) (188.6) (198.9)
Interest expense (209.2) (191.6) (372.3) (386.6)
Net interest revenue 269.0 287.1 561.6 575.0
Provision for credit losses (4.4) (23.3) (54.1) (112.8)
Net interest revenue, after credit provision 264.6 263.8 507.5 462.2
Non-interest income        
Rental income on operating leases 251.2 261.0 502.5 525.1
Other non-interest income 84.6 99.8 163.7 184.6
Total non-interest income 335.8 360.8 666.2 709.7
Total revenue, net of interest expense and credit provision 600.4 624.6 1,173.7 1,171.9
Non-interest expenses        
Depreciation on operating lease equipment (77.4) (63.1) (150.9) (124.4)
Maintenance and other operating lease expenses (53.3) (50.6) (107.1) (99.5)
Operating expenses (295.6) (309.3) (607.2) (639.4)
Loss on debt extinguishment and deposit redemption (164.8) (2.4) (164.8) (4.0)
Total non-interest expenses (591.1) (425.4) (1,030.0) (867.3)
Income from continuing operations before benefit (provision) for income taxes 9.3 199.2 143.7 304.6
Benefit (provision) for income taxes 31.9 (111.2) (24.3) (155.6)
Income from continuing operations 41.2 88.0 119.4 149.0
Discontinued Operations        
Income (loss) from discontinued operations, net of taxes 8.3 (71.0) 97.3 14.0
Gain on sale of discontinued operations, net of taxes 107.2 0.0 119.9 0.0
Total income (loss) from discontinued operations, net of taxes 115.5 (71.0) 217.2 14.0
Net Income $ 156.7 $ 17.0 $ 336.6 $ 163.0
Basic income per common share        
Income from continuing operations (in dollars per share) $ 0.23 $ 0.43 $ 0.62 $ 0.74
Income (loss) from discontinued operations (in dollars per share) 0.63 (0.35) 1.13 0.07
Basic income per share 0.86 0.08 1.75 0.81
Diluted income per common share        
Income from continuing operations (in dollars per share) 0.22 0.43 0.62 0.74
Income from discontinued operations (in dollars per share) 0.63 (0.35) 1.12 0.07
Diluted income per share $ 0.85 $ 0.08 $ 1.74 $ 0.81
Average number of common shares (thousands)        
Basic (in shares) 182,347 201,893 192,286 201,647
Diluted (in shares) 183,796 202,275 193,460 202,208
Dividends declared per common share $ 0.15 $ 0.15 $ 0.30 $ 0.30