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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest Income        
Loans and leases, including fees $ 239 $ 274 $ 750 $ 819
Securities:        
Taxable 25 30 84 95
Tax-exempt 8 8 24 24
Other 1 2 2 3
Total Interest Income 273 314 860 941
Interest Expense        
Deposits 27 56 111 161
Short-term borrowings 9 18 31 66
Long-term borrowings 10 10 30 23
Total Interest Expense 46 84 172 250
Net Interest Income 227 230 688 691
Provision for credit losses 27 12 105 37
Net Interest Income After Provision for Credit Losses 200 218 583 654
Non-Interest Income        
Service charges 24 33 78 95
Trust services 8 7 23 21
Insurance commissions and fees 7 6 19 15
Securities commissions and fees 5 4 13 13
Capital markets income 8 9 32 25
Mortgage banking operations 18 9 34 21
Dividends on non-marketable equity securities 2 5 10 14
Bank owned life insurance 4 3 11 9
Other 4 4 6 7
Total Non-Interest Income 80 80 226 220
Non-Interest Expense        
Salaries and employee benefits 100 93 298 279
Net occupancy 14 13 49 44
Equipment 17 15 49 45
Amortization of intangibles 3 4 10 11
Outside services 16 16 50 47
FDIC insurance 4 6 15 18
Bank shares and franchise taxes 4 4 12 10
Other 22 27 68 65
Total Non-Interest Expense 180 178 551 519
Income Before Income Taxes 100 120 258 355
Income taxes 17 17 44 63
Net Income 83 103 214 292
Preferred stock dividends 2 2 6 6
Net Income Available to Common Stockholders $ 81 $ 101 $ 208 $ 286
Earnings per Common Share        
Basic (in USD per share) $ 0.25 $ 0.31 $ 0.64 $ 0.88
Diluted (in USD per share) $ 0.25 $ 0.31 $ 0.64 $ 0.88