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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 1,111.0 $ 1,003.8 $ 3,250.1 $ 2,968.9
Foreign Exchange Trading Income 66.4 61.6 215.7 221.8
Treasury Management Fees 11.2 11.6 33.7 34.0
Security Commissions and Trading Income 36.5 26.0 104.3 100.9
Other Operating Income 62.3 53.5 171.6 144.4
Investment Security Gains, net 0.0 0.0 0.0 0.1
Total Noninterest Income 1,287.4 1,156.5 3,775.4 3,470.1
Net Interest Income        
Interest Income 351.3 355.4 1,044.3 1,290.9
Interest Expense 4.9 26.8 22.2 182.1
Net Interest Income 346.4 328.6 1,022.1 1,108.8
Provision for Credit Losses (13.0) 0.5 (70.0) 127.5
Net Interest Income after Provision for Credit Losses 359.4 328.1 1,092.1 981.3
Noninterest Expense        
Compensation 496.0 461.7 1,500.8 1,421.8
Employee Benefits 101.7 97.5 323.5 285.8
Outside Services 210.7 186.0 625.2 555.0
Equipment and Software 185.2 170.7 540.2 497.1
Occupancy 53.9 51.8 156.9 162.9
Other Operating Expense 81.2 127.0 220.4 274.6
Total Noninterest Expense 1,128.7 1,094.7 3,367.0 3,197.2
Income before Income Taxes 518.1 389.9 1,500.5 1,254.2
Provision for Income Taxes 122.4 95.4 361.6 285.8
Net Income 395.7 294.5 1,138.9 968.4
Preferred Stock Dividends 16.2 16.2 37.1 51.5
Net Income Applicable to Common Stock $ 379.5 $ 278.3 $ 1,101.8 $ 916.9
Per Common Share        
Net Income — Basic (in dollars per share) $ 1.81 $ 1.32 $ 5.24 $ 4.35
Net Income - Diluted (in dollars per share) $ 1.80 $ 1.32 $ 5.22 $ 4.34
Average number of common shares outstanding        
Average Number of Common Shares Outstanding - Basic (in shares) 208,116,009 208,106,190 208,199,352 208,351,088
Average Number of Common Shares Outstanding - Diluted (in shares) 208,923,306 208,688,494 209,002,530 209,023,331