XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 867.9 $ 788.3 $ 2,524.3 $ 2,313.7
Foreign Exchange Trading Income 49.1 53.6 147.1 178.5
Treasury Management Fees 13.2 15.0 42.8 47.2
Security Commissions and Trading Income 21.2 20.4 65.8 59.9
Other Operating Income 40.0 33.1 122.7 212.4
Investment Security Gains (Losses), net (0.4) 0.2 (1.1) (1.9)
Total Noninterest Income 991.0 910.6 2,901.6 2,809.8
Net Interest Income        
Interest Income 453.8 349.2 1,281.3 1,045.9
Interest Expense 99.6 46.1 232.1 135.3
Net Interest Income 354.2 303.1 1,049.2 910.6
Provision for Credit Losses (7.0) (3.0) (15.0) (4.0)
Net Interest Income after Provision for Credit Losses 361.2 306.1 1,064.2 914.6
Noninterest Expense        
Compensation 418.3 382.1 1,276.6 1,150.4
Employee Benefits 74.8 73.2 228.2 216.0
Outside Services 172.7 157.6 492.8 466.5
Equipment and Software 130.5 114.5 391.5 346.7
Occupancy 47.3 44.2 139.0 130.4
Other Operating Expense 92.0 71.4 239.4 286.8
Total Noninterest Expense 935.6 843.0 2,767.5 2,596.8
Income before Income Taxes 416.6 373.7 1,198.3 1,127.6
Provision for Income Taxes 118.2 116.1 355.9 361.6
Net Income 298.4 257.6 842.4 766.0
Preferred Stock Dividends 17.3 5.9 43.9 17.6
Net Income Applicable to Common Stock $ 281.1 $ 251.7 $ 798.5 $ 748.4
Per Common Share        
Net Income — Basic (in dollars per share) $ 1.21 $ 1.09 $ 3.43 $ 3.23
Net Income - Diluted (in dollars per share) $ 1.20 $ 1.08 $ 3.41 $ 3.21
Average number of common shares outstanding        
Basic (in shares) 228,010,866 226,540,086 228,751,804 227,561,218
Diluted (in shares) 229,313,645 228,055,195 230,189,289 229,040,618
Changes in other-than-temporary-impairment (OTTI) losses $ 0.0 $ 0.0 $ (0.1) $ (2.4)
Other Security Gains (Losses), net (0.4) 0.2 (1.0) 0.5
Investment Security Gains (Losses), net $ (0.4) $ 0.2 $ (1.1) $ (1.9)