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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest Income        
Loans and leases, including fees $ 242 $ 224 $ 463 $ 445
Securities:        
Taxable 27 21 51 43
Tax-exempt 6 7 13 15
Other 5 1 7 1
Total Interest Income 280 253 534 504
Interest Expense        
Deposits 15 12 23 27
Short-term borrowings 5 7 11 14
Long-term borrowings 6 6 12 12
Total Interest Expense 26 25 46 53
Net Interest Income 254 228 488 451
Provision for credit losses 6 (1) 24 5
Net Interest Income After Provision for Credit Losses 248 229 464 446
Non-Interest Income        
Service charges 35 30 66 58
Trust services 10 9 20 18
Insurance commissions and fees 6 6 14 13
Securities commissions and fees 6 6 12 12
Capital markets income 8 7 15 15
Mortgage banking operations 6 7 13 23
Dividends on non-marketable equity securities 3 3 5 5
Bank owned life insurance 4 5 7 8
Other 4 7 8 11
Total Non-Interest Income 82 80 160 163
Non-Interest Expense        
Salaries and employee benefits 104 102 216 209
Net occupancy 16 16 34 32
Equipment 18 17 36 34
Amortization of intangibles 4 3 7 6
Outside services 17 19 34 36
Marketing 5 4 8 7
FDIC insurance 5 4 10 9
Bank shares and franchise taxes 4 4 8 8
Merger-related 2 0 31 0
Other 18 13 36 26
Total Non-Interest Expense 193 182 420 367
Income Before Income Taxes 137 127 204 242
Income taxes 28 25 42 47
Net Income 109 102 162 195
Preferred stock dividends 2 2 4 4
Net income available to common stockholders 107 100 158 191
Net income available to common stockholders $ 107 $ 100 $ 158 $ 191
Earnings per Common Share        
Basic (in dollars per share) $ 0.30 $ 0.31 $ 0.45 $ 0.60
Diluted (in dollars per share) $ 0.30 $ 0.31 $ 0.45 $ 0.59