XML 31 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income      
Interest and fees on loans and leases $ 1,957 $ 1,722 $ 1,394
Interest and fees on loans held for sale 33 30 31
Interest on investment securities 121 105 121
Interest on trading securities 30 35 47
Interest on other earning assets 17 6 31
Total interest income 2,158 1,898 1,624
Interest expense:      
Interest on deposits 81 152 307
Interest on trading liabilities 6 6 13
Interest on short-term borrowings 5 14 41
Interest on term borrowings 72 64 53
Total interest expense 164 236 414
Net interest income 1,994 1,662 1,210
Provision for credit losses (310) 503 45
Net interest income after provision for credit losses 2,304 1,159 1,165
Noninterest income      
Fixed income 406 423 279
Deposit transactions and cash management 175 148 132
Mortgage banking and title income 154 129 10
Brokerage, management fees and commissions 88 66 55
Card and digital banking fees 78 60 49
Trust services and investment management 51 39 30
Other service charges and fees 44 26 21
Purchase accounting gain (1) 533 0
Other income 68 74 78
Total noninterest income 1,076 1,492 654
Noninterest expense      
Personnel expense 1,210 1,033 695
Net occupancy expense 137 116 80
Computer software 116 85 61
Operations services 80 56 46
Legal and professional fees 68 84 72
Contract employment and outsourcing 67 24 13
Amortization of intangible assets 56 40 25
Equipment expense 47 42 34
Communications and delivery 37 31 25
Advertising and public relations 37 18 34
Impairment of long-lived assets 34 7 23
Contributions 14 41 11
Other expense 193 141 114
Total noninterest expense 2,096 1,718 1,233
Income before income taxes 1,284 933 586
Income tax expense 274 76 134
Net income (loss) 1,010 857 452
Net income attributable to noncontrolling interest 11 12 11
Net income attributable to controlling interest 999 845 441
Preferred stock dividends 37 23 6
Net income available to common shareholders $ 962 $ 822 $ 435
Basic earnings per share (in dollars per share) $ 1.76 $ 1.90 $ 1.39
Diluted earnings per share (in dollars per share) $ 1.74 $ 1.89 $ 1.38
Weighted average common shares (in shares) 546,354 432,125 313,637
Diluted average common shares (in shares) 551,241 433,717 315,657