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Consolidated Statements Of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST INCOME      
Interest and fees on loans $ 2,439 $ 2,262 $ 1,872
Interest on investment securities 297 265 250
Interest on short-term investments 71 92 60
Total interest income 2,807 2,619 2,182
INTEREST EXPENSE      
Interest on deposits 262 122 42
Interest on short-term borrowings 9 1 3
Interest on medium- and long-term debt 197 [1] 144 [1] 76
Total interest expense 468 267 121
Net interest income 2,339 2,352 2,061
Provision for credit losses 74 (1) 74
Net interest income after provision for credit losses 2,265 2,353 1,987
NONINTEREST INCOME      
Card fees 257 244 333
Fiduciary income 206 206 198
Service charges on deposit accounts 203 211 227
Commercial lending fees 91 85 85
Foreign exchange income 44 47 45
Bank-owned life insurance 41 39 43
Letter of credit fees 38 40 45
Brokerage fees 28 27 23
Net securities losses (7) (19) 0
Other noninterest income 109 96 108
Total noninterest income 1,010 976 1,107
NONINTEREST EXPENSES      
Salaries and benefits expense 1,020 1,009 961
Outside processing fee expense 264 255 366
Occupancy expense 154 152 154
Software expense 117 125 126
Equipment expense 50 48 45
Advertising expense 34 30 28
FDIC insurance expense 23 42 51
Restructuring charges 0 53 45
Other noninterest expenses 81 80 84
Total noninterest expenses 1,743 1,794 1,860
Income before income taxes 1,532 1,535 1,234
Provision for income taxes 334 300 491
Net Income 1,198 1,235 743
Less income allocated to participating securities 7 8 5
Net income attributable to common shares $ 1,191 $ 1,227 $ 738
Basic earnings per common share $ 7.95 $ 7.31 $ 4.23
Diluted earnings per common share $ 7.87 $ 7.20 $ 4.14
Cash dividends declared on common stock $ 398 $ 309 $ 193
Cash dividends declared per common share $ 2.68 $ 1.84 $ 1.09
[1]
Includes the effects of hedging.