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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Interest and fees on loans and leases $ 2,292 $ 1,957 $ 1,722
Interest and fees on loans held for sale 39 33 30
Interest on investment securities 198 121 105
Interest on trading securities 58 30 35
Interest on other earning assets 96 17 6
Total interest income 2,683 2,158 1,898
Interest expense:      
Interest on deposits 184 81 152
Interest on trading liabilities 12 6 6
Interest on short-term borrowings 23 5 14
Interest on term borrowings 72 72 64
Total interest expense 291 164 236
Net interest income 2,392 1,994 1,662
Provision for credit losses 95 (310) 503
Net interest income after provision for credit losses 2,297 2,304 1,159
Noninterest income      
Fixed income 205 406 423
Deposit transactions and cash management 171 175 148
Brokerage, management fees and commissions 92 88 66
Card and digital banking fees 84 78 60
Mortgage banking and title income 68 154 129
Other service charges and fees 54 44 26
Trust services and investment management 48 51 39
Securities gains (losses), net 18 13 (6)
Purchase accounting gain 0 (1) 533
Other income 75 68 74
Total noninterest income 815 1,076 1,492
Noninterest expense      
Personnel expense 1,101 1,210 1,033
Net occupancy expense 128 137 116
Computer software 113 116 85
Operations services 87 80 56
Legal and professional fees 62 68 84
Contract employment and outsourcing 54 67 24
Amortization of intangible assets 51 56 40
Advertising and public relations 50 37 18
Equipment expense 45 47 42
Communications and delivery 37 37 31
Contributions 7 14 41
Impairment of long-lived assets 0 34 7
Other expense 218 193 141
Total noninterest expense 1,953 2,096 1,718
Income before income taxes 1,159 1,284 933
Income tax expense 247 274 76
Net income (loss) 912 1,010 857
Net income attributable to noncontrolling interest 12 11 12
Net income attributable to controlling interest 900 999 845
Preferred stock dividends 32 37 23
Net income available to common shareholders 868 962 822
Net income available to common shareholders $ 868 $ 962 $ 822
Basic earnings per share (in dollars per share) $ 1.62 $ 1.76 $ 1.90
Diluted earnings per share (in dollars per share) $ 1.53 $ 1.74 $ 1.89
Weighted average common shares (in shares) 535,033 546,354 432,125
Diluted average common shares (in shares) 566,004 551,241 433,717