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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME:        
Interest and fees on loans and leases $ 1,392 $ 1,230 $ 2,773 $ 2,376
Interest and fees on loans held for sale, at fair value 15 5 26 9
Interest and fees on other loans held for sale 2 3 6 7
Investment securities 164 165 330 333
Interest-bearing deposits in banks 7 8 15 14
Total interest income 1,580 1,411 3,150 2,739
INTEREST EXPENSE:        
Deposits 308 181 595 326
Federal funds purchased and securities sold under agreements to repurchase 3 1 5 2
Other short-term borrowed funds 1 1 1 3
Long-term borrowed funds 102 107 223 196
Total interest expense 414 290 824 527
Net interest income 1,166 1,121 2,326 2,212
Provision for credit losses 97 85 182 163
Net interest income after provision for credit losses 1,069 1,036 2,144 2,049
NONINTEREST INCOME:        
Service charges and fees 126 127 249 251
Card fees 64 60 123 121
Capital markets fees 57 48 111 87
Trust and investment services fees 53 43 100 83
Mortgage banking fees 62 27 105 52
Letter of credit and loan fees 33 32 66 62
Foreign exchange and interest rate products 35 34 71 61
Securities gains, net 4 2 12 10
Net impairment losses recognized in earnings on debt securities 0 (1) (1) (2)
Other income 28 16 54 34
Total noninterest income 462 388 890 759
NONINTEREST EXPENSE:        
Salaries and employee benefits 507 453 1,016 923
Equipment and software expense 126 110 251 223
Outside services 118 106 228 205
Occupancy 82 79 165 160
Other operating expense 118 127 228 247
Total noninterest expense 951 875 1,888 1,758
Income before income tax expense 580 549 1,146 1,050
Income tax expense 127 124 254 237
NET INCOME 453 425 892 813
Net income available to common stockholders $ 435 $ 425 $ 859 $ 806
Weighted-average common shares outstanding:        
Basic (in Shares) 458,154,335 484,744,354 459,426,685 486,114,872
Diluted (in Shares) 459,304,224 486,141,695 460,857,535 487,683,216
Per common share information:        
Basic earnings (in dollars per share) $ 0.95 $ 0.88 $ 1.87 $ 1.66
Diluted earnings (in Dollars per Share) $ 0.95 $ 0.88 $ 1.86 $ 1.65