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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Noninterest Income    
Trust, Investment and Other Servicing Fees $ 1,063.6 $ 1,168.4
Foreign Exchange Trading Income 53.0 80.9
Treasury Management Fees 8.4 11.1
Security Commissions and Trading Income 34.7 36.2
Other Operating Income 46.8 41.1
Investment Security Gains (Losses), net 6.9 0.0
Total Noninterest Income 1,213.4 1,337.7
Net Interest Income    
Interest Income 1,455.4 383.5
Interest Expense 924.2 2.5
Net Interest Income 531.2 381.0
Provision for Credit Losses 15.0 2.0
Net Interest Income after Provision for Credit Losses 516.2 379.0
Noninterest Expense    
Compensation 595.2 563.9
Employee Benefits 101.0 104.3
Outside Services 210.8 213.4
Equipment and Software 231.7 193.5
Occupancy 61.3 51.1
Other Operating Expense 85.6 79.7
Total Noninterest Expense 1,285.6 1,205.9
Income before Income Taxes 444.0 510.8
Provision for Income Taxes 109.4 121.5
Net Income 334.6 389.3
Preferred Stock Dividends 16.2 16.2
Net Income Applicable to Common Stock $ 318.4 $ 373.1
Per Common Share    
Net Income — Basic (in dollars per share) $ 1.51 $ 1.78
Net Income - Diluted (in dollars per share) $ 1.51 $ 1.77
Average Number of Common Shares Outstanding    
Basic (in shares) 208,186,841 208,024,962
Diluted (in shares) 208,730,389 208,809,133