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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 1,078.7 $ 1,111.0 $ 3,390.5 $ 3,250.1
Foreign Exchange Trading Income 64.7 66.4 223.2 215.7
Treasury Management Fees 9.3 11.2 31.0 33.7
Security Commissions and Trading Income 32.1 36.5 101.1 104.3
Other Operating Income 57.3 62.3 144.0 171.6
Investment Security Gains (Losses), net (0.3) 0.0 (0.3) 0.0
Total Noninterest Income 1,241.8 1,287.4 3,889.5 3,775.4
Net Interest Income        
Interest Income 799.3 351.3 1,707.6 1,044.3
Interest Expense 286.3 4.9 354.9 22.2
Net Interest Income 513.0 346.4 1,352.7 1,022.1
Provision for Credit Losses 0.5 (13.0) 7.0 (70.0)
Net Interest Income after Provision for Credit Losses 512.5 359.4 1,345.7 1,092.1
Noninterest Expense        
Compensation 553.3 496.0 1,663.7 1,500.8
Employee Benefits 109.9 101.7 333.8 323.5
Outside Services 220.9 210.7 647.4 625.2
Equipment and Software 212.4 185.2 609.4 540.2
Occupancy 51.3 53.9 153.4 156.9
Other Operating Expense 82.0 81.2 251.6 220.4
Total Noninterest Expense 1,229.8 1,128.7 3,659.3 3,367.0
Income before Income Taxes 524.5 518.1 1,575.9 1,500.5
Provision for Income Taxes 129.7 122.4 395.6 361.6
Net Income 394.8 395.7 1,180.3 1,138.9
Preferred Stock Dividends 16.2 16.2 37.1 37.1
Net Income Applicable to Common Stock $ 378.6 $ 379.5 $ 1,143.2 $ 1,101.8
Per Common Share        
Net Income — Basic (in dollars per share) $ 1.80 $ 1.81 $ 5.44 $ 5.24
Net Income - Diluted (in dollars per share) $ 1.80 $ 1.80 $ 5.43 $ 5.22
Average Number of Common Shares Outstanding        
Basic (in shares) 208,400,135 208,116,009 208,271,070 208,199,352
Diluted (in shares) 208,888,572 208,923,306 208,858,976 209,002,530