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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 1,196.6 $ 1,111.9 $ 3,505.6 $ 3,271.8
Foreign Exchange Trading Income 54.1 51.8 169.5 154.9
Treasury Management Fees 8.2 7.5 26.5 23.8
Security Commissions and Trading Income 35.5 30.9 107.7 101.7
Other Operating Income 111.8 68.2 1,097.5 170.2
Investment Security Gains (Losses), net 0.0 0.0 (189.3) 6.9
Total Noninterest Income 1,406.2 1,270.3 4,717.5 3,729.3
Net Interest Income        
Interest Income 2,530.2 1,935.0 7,482.3 5,125.4
Interest Expense 1,967.9 1,478.8 5,869.0 3,626.5
Net Interest Income 562.3 456.2 1,613.3 1,498.9
Provision for Credit Losses 8.0 14.0 7.5 13.5
Net Interest Income after Provision for Credit Losses 554.3 442.2 1,605.8 1,485.4
Noninterest Expense        
Compensation 583.6 558.1 1,875.9 1,757.8
Employee Benefits 109.2 100.8 310.5 303.2
Outside Services 256.3 229.6 746.5 671.3
Equipment and Software 270.4 232.5 800.6 693.5
Occupancy 53.8 58.7 162.7 173.8
Other Operating Expense 86.1 98.5 361.8 296.1
Total Noninterest Expense 1,359.4 1,278.2 4,258.0 3,895.7
Income before Income Taxes 601.1 434.3 2,065.3 1,319.0
Provision for Income Taxes 136.2 106.5 489.6 324.8
Net Income 464.9 327.8 1,575.7 994.2
Preferred Stock Dividends 16.2 16.2 37.1 37.1
Net Income Applicable to Common Stock $ 448.7 $ 311.6 $ 1,538.6 $ 957.1
Per Common Share        
Net Income — Basic (in dollars per share) $ 2.23 $ 1.49 $ 7.53 $ 4.56
Net Income - Diluted (in dollars per share) $ 2.22 $ 1.49 $ 7.51 $ 4.56
Average Number of Common Shares Outstanding        
Basic (in shares) 199,937,543 207,021,554 202,614,386 207,611,420
Diluted (in shares) 200,549,063 207,252,992 203,131,400 207,927,720