XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income        
Loans and leases, including fees $ 2,128 $ 1,998 $ 4,225 $ 3,848
Investment securities:        
Fully taxable 244 199 456 381
Exempt from federal taxes 16 16 32 33
Deposits at banks 400 302 819 579
Other 1 1 2 2
Total interest income 2,789 2,516 5,534 4,843
Interest expense        
Savings and interest-checking deposits 618 369 1,233 646
Time deposits 217 150 442 239
Short-term borrowings 69 96 153 154
Long-term borrowings 167 102 308 187
Total interest expense 1,071 717 2,136 1,226
Net interest income 1,718 1,799 3,398 3,617
Provision for credit losses 150 150 350 270
Net interest income after provision for credit losses 1,568 1,649 3,048 3,347
Other income        
Mortgage banking revenues 106 107 210 192
Service charges on deposit accounts 127 119 251 232
Trust income 170 172 330 366
Brokerage services income 30 25 59 49
Trading account and other non-hedging derivative gains 7 17 16 28
Gain (loss) on bank investment securities (8) 1 (6) 1
Other revenues from operations 152 362 304 522
Total other income 584 803 1,164 1,390
Other expense        
Salaries and employee benefits 764 738 1,597 1,546
Equipment and net occupancy 125 129 254 256
Outside data processing and software 124 106 244 212
Professional and other services 91 100 176 225
FDIC assessments 37 28 97 58
Advertising and marketing 27 28 47 59
Amortization of core deposit and other intangible assets 13 15 28 32
Other costs of operations 116 149 250 264
Total other expense 1,297 1,293 2,693 2,652
Income before taxes 855 1,159 1,519 2,085
Income taxes 200 292 333 516
Net income 655 867 1,186 1,569
Net income available to common shareholders        
Net income available to common stockholders, basic 626 841 1,131 1,516
Net income available to common stockholders, diluted $ 626 $ 841 $ 1,131 $ 1,516
Net income per common share        
Earnings per share, basic (in USD per share) $ 3.75 $ 5.07 $ 6.79 $ 9.09
Earnings per share, diluted (in USD per share) $ 3.73 $ 5.05 $ 6.76 $ 9.06
Average common shares outstanding        
Average common shares outstanding, basic (in shares) 166,951 165,842 166,705 166,782
Average common shares outstanding, diluted (in shares) 167,659 166,320 167,372 167,359