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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income        
Interest and fees on loans $ 403.5 $ 443.8 $ 1,236.9 $ 1,343.4
Other interest and dividends 50.5 31.9 151.0 93.9
Interest income 454.0 475.7 1,387.9 1,437.3
Interest expense        
Interest on borrowings (84.1) (88.8) (267.8) (276.5)
Interest on deposits (92.6) (99.4) (281.2) (298.3)
Interest expense (176.7) (188.2) (549.0) (574.8)
Net interest revenue 277.3 287.5 838.9 862.5
Provision for credit losses (30.1) (45.1) (84.2) (157.9)
Net interest revenue, after credit provision 247.2 242.4 754.7 704.6
Non-interest income        
Rental income on operating leases 252.3 254.3 754.8 779.4
Other non-interest income 63.3 83.6 227.0 268.2
Total non-interest income 315.6 337.9 981.8 1,047.6
Total revenue, net of interest expense and credit provision 562.8 580.3 1,736.5 1,752.2
Non-interest expenses        
Depreciation on operating lease equipment (71.1) (66.9) (222.0) (191.3)
Maintenance and other operating lease expenses (57.9) (56.6) (165.0) (156.1)
Operating expenses (277.3) (302.9) (884.5) (942.3)
Loss on debt extinguishment and deposit redemption (53.5) (5.2) (218.3) (9.2)
Total non-interest expenses (459.8) (431.6) (1,489.8) (1,298.9)
Income from continuing operations before benefit (provision) for income taxes 103.0 148.7 246.7 453.3
Benefit (provision) for income taxes 119.8 (54.5) 95.5 (210.1)
Income from continuing operations 222.8 94.2 342.2 243.2
Discontinued Operations        
Income (loss) from discontinued operations, net of taxes (1.9) 37.3 95.4 51.3
Gain (loss) on sale of discontinued operations, net of taxes (1.3) 0.0 118.6 0.0
Total income (loss) from discontinued operations, net of taxes (3.2) 37.3 214.0 51.3
Net Income $ 219.6 $ 131.5 $ 556.2 $ 294.5
Basic income per common share        
Income from continuing operations (in dollars per share) $ 1.66 $ 0.47 $ 1.98 $ 1.21
Income (loss) from discontinued operations (in dollars per share) (0.02) 0.18 1.24 0.25
Basic income per share (in dollars per share) 1.64 0.65 3.22 1.46
Diluted income per common share        
Income from continuing operations (in dollars per share) 1.64 0.47 1.96 1.21
Income from discontinued operations (in dollars per share) (0.03) 0.18 1.23 0.25
Diluted income per share (in dollars per share) $ 1.61 $ 0.65 $ 3.19 $ 1.46
Average number of common shares (thousands)        
Basic (in shares) 133,916 202,036 172,682 201,775
Diluted (in shares) 136,126 202,755 174,201 202,388
Dividends declared per common share (in dollars per share) $ 0.15 $ 0.15 $ 0.45 $ 0.45