Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Schedule of Loans and Leases

Loans and leases were as follows:

(In thousands)	At March 31, 2020		At December 31, 2019
Commercial loan and lease portfolio:
Commercial and industrial	$	12,326,943	$	11,439,602
Commercial real estate	9,486,904		9,136,870
Lease financing	2,708,998		2,699,869
Total commercial loan and lease portfolio	24,522,845		23,276,341
Consumer loan portfolio:
Residential mortgage	6,435,314		6,179,805
Consumer installment	1,509,953		1,542,411
Home equity	3,453,502		3,498,907
Total consumer loan portfolio	11,398,769		11,221,123
Total loans and leases(1)	$	35,921,614	$	34,497,464

(1)

Loans and leases are reported at historical cost including net direct fees and costs associated with originating and acquiring loans and leases, lease residuals, unearned income and unamortized purchase premiums and discounts. The aggregate amount of these loan and lease adjustments was $(177.8) million and $(201.5) million at March 31, 2020 and December 31, 2019, respectively.

Schedule of Components of Total Lease Income

The components of total lease income were as follows:

	Three Months Ended March 31,
(In thousands)	2020		2019
Interest income - loans and leases:
Interest income on net investment in direct financing and sales-type leases	$	34,156	$	32,384
Leasing revenue (noninterest income):
Lease income from operating lease payments	23,902		25,399
Profit recorded on commencement date on sales-type leases	3,580		7,057
Gains on sales of leased equipment	6,083		5,709
Leasing revenue	33,565		38,165
Total lease income	$	67,721	$	70,549

Schedule of Components of Total Lease Income

The components of total lease income were as follows:

	Three Months Ended March 31,
(In thousands)	2020		2019
Interest income - loans and leases:
Interest income on net investment in direct financing and sales-type leases	$	34,156	$	32,384
Leasing revenue (noninterest income):
Lease income from operating lease payments	23,902		25,399
Profit recorded on commencement date on sales-type leases	3,580		7,057
Gains on sales of leased equipment	6,083		5,709
Leasing revenue	33,565		38,165
Total lease income	$	67,721	$	70,549

Summary of Net Gains On Sales of Loans

The following table summarizes the net gains on sales of loans and leases. We retain servicing on a majority of loans sold. See "Note 10. Loan Servicing Rights" for further information.

	Three Months Ended March 31,
(In millions)	2020		2019
Sale proceeds, net	$	555,182	$	274,986
Recorded investment in loans and leases sold, including accrued interest	537,180		267,109
Other	2,588		340
Net gains on sales of loans and leases	$	20,590	$	8,217

Interest-only Strips

The interest-only strips on the balance sheet related to loan sales were as follows:

(In thousands)	At March 31, 2020		At December 31, 2019
Interest-only strips	$	10,951	$	12,813