XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Noninterest Income    
Trust, Investment and Other Servicing Fees $ 1,142.9 $ 1,063.6
Foreign Exchange Trading Income 57.0 53.0
Treasury Management Fees 9.3 8.4
Security Commissions and Trading Income 37.9 34.7
Other Operating Income 61.0 46.8
Investment Security Gains (Losses), net (189.4) 6.9
Total Noninterest Income 1,118.7 1,213.4
Net Interest Income    
Interest Income 2,445.6 1,455.4
Interest Expense 1,917.5 924.2
Net Interest Income 528.1 531.2
Provision for Credit Losses (8.5) 15.0
Net Interest Income after Provision for Credit Losses 536.6 516.2
Noninterest Expense    
Compensation 627.1 595.2
Employee Benefits 101.1 101.0
Outside Services 229.3 210.8
Equipment and Software 252.7 231.7
Occupancy 54.1 61.3
Other Operating Expense 100.4 85.6
Total Noninterest Expense 1,364.7 1,285.6
Income before Income Taxes 290.6 444.0
Provision for Income Taxes 75.9 109.4
Net Income 214.7 334.6
Preferred Stock Dividends 16.2 16.2
Net Income Applicable to Common Stock $ 198.5 $ 318.4
Per Common Share    
Net Income — Basic (in dollars per share) $ 0.96 $ 1.51
Net Income - Diluted (in dollars per share) $ 0.96 $ 1.51
Average Number of Common Shares Outstanding    
Basic (in shares) 204,628,796 208,186,841
Diluted (in shares) 205,134,845 208,730,389