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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME:        
Interest and fees on loans and leases $ 1,230 $ 1,040 $ 2,376 $ 2,032
Interest and fees on loans held for sale, at fair value 5 4 9 8
Interest and fees on other loans held for sale 3 2 7 3
Investment securities 165 154 333 314
Interest-bearing deposits in banks 8 5 14 8
Total interest income 1,411 1,205 2,739 2,365
INTEREST EXPENSE:        
Deposits 181 102 326 188
Federal funds purchased and securities sold under agreements to repurchase 1 0 2 1
Other short-term borrowed funds 14 7 23 15
Long-term borrowed funds 94 70 176 130
Total interest expense 290 179 527 334
Net interest income 1,121 1,026 2,212 2,031
Provision for credit losses 85 70 163 166
Net interest income after provision for credit losses 1,036 956 2,049 1,865
NONINTEREST INCOME:        
Service charges and fees 127 129 251 254
Card fees 60 59 121 119
Capital markets fees 48 51 87 99
Trust and investment services fees 43 39 83 78
Letter of credit and loan fees 32 31 62 60
Foreign exchange and interest rate products 34 26 61 53
Mortgage banking fees 27 30 52 53
Securities gains, net 2 3 10 7
Net impairment losses recognized in earnings on debt securities (1) (4) (2) (5)
Other income 16 6 34 31
Total noninterest income 388 370 759 749
NONINTEREST EXPENSE:        
Salaries and employee benefits 453 432 923 878
Outside services 106 96 205 187
Occupancy 79 79 160 161
Equipment expense 64 64 131 131
Amortization of software 46 45 92 89
Other operating expense 127 148 247 272
Total noninterest expense 875 864 1,758 1,718
Income before income tax expense 549 462 1,050 896
Income tax expense 124 144 237 258
NET INCOME 425 318 813 638
Net income available to common stockholders $ 425 $ 318 $ 806 $ 631
Weighted-average common shares outstanding:        
Basic (in Shares) 484,744,354 506,371,846 486,114,872 507,903,141
Diluted (in Shares) 486,141,695 507,414,122 487,683,216 509,362,055
Per common share information:        
Basic earnings (in Dollars per Share) $ 0.88 $ 0.63 $ 1.66 $ 1.24
Diluted earnings (in Dollars per Share) 0.88 0.63 1.65 1.24
Dividends declared and paid (in Dollars per Share) $ 0.22 $ 0.14 $ 0.44 $ 0.28