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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Loans $ 1,966 $ 1,520 $ 1,599
Investment securities:      
Taxable 1,199 635 569
Non-taxable 106 61 45
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 18 26 97
Total interest income 3,289 2,242 2,310
Interest expense:      
Deposits 62 60 178
Borrowings 48 25 35
Total interest expense 110 85 213
Net interest income 3,179 2,157 2,097
Provision for credit losses 123 220 107
Net interest income after provision for credit losses 3,056 1,937 1,990
Noninterest income:      
Gains on investment securities, net 761 421 135
Gains on equity warrant assets, net 560 237 138
Client investment fees 75 132 182
Wealth management and trust fees 44 0 0
Foreign exchange fees 262 179 159
Credit card fees 131 98 119
Deposit service charges 112 90 89
Lending related fees 76 57 50
Letters of credit and standby letters of credit fees 51 47 43
Investment banking revenue 459 414 195
Commissions 79 67 56
Other 128 98 55
Total noninterest income 2,738 1,840 1,221
Noninterest expense:      
Compensation and benefits 2,015 1,318 990
Professional services 392 247 205
Premises and equipment 178 127 97
Net occupancy 83 101 69
Business development and travel 24 24 69
FDIC and state assessments 48 28 18
Merger-related charges 129 0 0
Other 201 190 153
Total noninterest expense 3,070 2,035 1,601
Income before income tax expense 2,724 1,742 1,610
Income tax expense 651 448 425
Net income before noncontrolling interests 2,073 1,294 1,185
Net income attributable to noncontrolling interests (240) (86) (48)
Preferred stock dividends (63) (17) 0
Net income available to common stockholders $ 1,770 $ 1,191 $ 1,137
Earnings per common share—basic (usd per share) $ 31.74 $ 23.05 $ 21.90
Earnings per common share—diluted (usd per share) $ 31.25 $ 22.87 $ 21.73