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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME:        
Interest and fees on loans and leases $ 1,096 $ 926 $ 3,128 $ 2,690
Interest and fees on loans held for sale, at fair value 5 4 13 10
Interest and fees on other loans held for sale 3 1 6 6
Investment securities 155 146 469 432
Interest-bearing deposits in banks 5 2 13 6
Total interest income 1,264 1,079 3,629 3,144
INTEREST EXPENSE:        
Deposits 123 71 311 194
Federal funds purchased and securities sold under agreements to repurchase 1 1 2 2
Other short-term borrowed funds 7 10 22 33
Long-term borrowed funds 71 52 201 143
Total interest expense 202 134 536 372
Net interest income 1,062 945 3,093 2,772
Provision for credit losses 72 86 238 267
Net interest income after provision for credit losses 990 859 2,855 2,505
NONINTEREST INCOME:        
Service charges and fees 131 134 385 390
Card fees 58 52 177 153
Capital markets fees 53 36 152 99
Trust and investment services fees 38 37 116 112
Letter of credit and loan fees 30 28 90 83
Foreign exchange and interest rate products 24 28 77 72
Mortgage banking fees 27 33 80 76
Securities gains, net 2 0 9 13
Net securities impairment losses recognized in earnings (1) (3) (6) (11)
Other income 19 90 50 133
Total noninterest income 381 435 1,130 1,120
NONINTEREST EXPENSE:        
Salaries and employee benefits 436 432 1,312 1,289
Outside services 99 102 286 279
Occupancy 78 78 239 230
Equipment expense 65 65 196 194
Amortization of software 45 46 134 126
Other operating expense 135 144 409 387
Total noninterest expense 858 867 2,576 2,505
Income before income tax expense 513 427 1,409 1,120
Income tax expense 165 130 423 357
NET INCOME 348 297 986 763
Net income available to common stockholders $ 341 $ 290 $ 972 $ 749
Weighted-average common shares outstanding:        
Basic (in Shares) 500,861,076 519,458,976 505,529,991 525,477,273
Diluted (in Shares) 502,157,384 521,122,466 507,062,805 527,261,384
Per common share information:        
Basic earnings (in Dollars per Share) $ 0.68 $ 0.56 $ 1.92 $ 1.43
Diluted earnings (in Dollars per Share) 0.68 0.56 1.92 1.42
Dividends declared and paid (in Dollars per Share) $ 0.18 $ 0.12 $ 0.46 $ 0.34