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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Noninterest Income    
Trust, Investment and Other Servicing Fees $ 1,063.7 $ 1,003.6
Foreign Exchange Trading Income 78.7 88.9
Treasury Management Fees 11.2 11.0
Security Commissions and Trading Income 34.8 41.7
Other Operating Income 54.9 34.4
Investment Security Gains (Losses), net 0.0 0.0
Total Noninterest Income 1,243.3 1,179.6
Net Interest Income    
Interest Income 349.9 529.2
Interest Expense 9.8 121.1
Net Interest Income 340.1 408.1
Provision for Credit Losses (30.0) 61.0
Net Interest Income after Provision for Credit Losses 370.1 347.1
Noninterest Expense    
Compensation 518.5 499.8
Employee Benefits 103.4 97.9
Outside Services 196.4 192.8
Equipment and Software 176.7 162.2
Occupancy 50.8 51.1
Other Operating Expense 71.7 61.8
Total Noninterest Expense 1,117.5 1,065.6
Income before Income Taxes 495.9 461.1
Provision for Income Taxes 120.8 100.5
Net Income 375.1 360.6
Preferred Stock Dividends 16.2 30.5
Net Income Applicable to Common Stock $ 358.9 $ 330.1
Per Common Share    
Net Income — Basic (in dollars per share) $ 1.71 $ 1.56
Net Income - Diluted (in dollars per share) $ 1.70 $ 1.55
Average number of common shares outstanding    
Average Number of Common Shares Outstanding - Basic (in shares) 208,112,824 208,881,131
Average Number of Common Shares Outstanding - Diluted (in shares) 208,946,448 209,816,822