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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST INCOME:      
Interest and fees on loans and leases $ 5,441 $ 5,010 $ 4,249
Interest and fees on loans held for sale, at fair value 63 37 18
Interest and fees on other loans held for sale 13 10 10
Investment securities 642 672 625
Interest-bearing deposits in banks 30 29 18
Total interest income 6,189 5,758 4,920
INTEREST EXPENSE:      
Deposits 1,155 785 441
Federal funds purchased and securities sold under agreements to repurchase 8 6 3
Other short-term borrowed funds 2 9 17
Long-term borrowed funds 410 426 286
Total interest expense 1,575 1,226 747
Net interest income 4,614 4,532 4,173
Provision for credit losses 393 326 321
Net interest income after provision for credit losses 4,221 4,206 3,852
NONINTEREST INCOME:      
Service charges and fees 505 513 516
Mortgage banking fees 302 152 108
Card fees 254 244 233
Capital markets fees 216 179 194
Trust and investment services fees 202 171 158
Foreign exchange and interest rate products 155 126 109
Letter of credit and loan fees 135 128 121
Securities gains, net 19 19 11
Net securities impairment losses recognized in earnings on debt securities (2) (3) (7)
Other income 91 67 91
Total noninterest income 1,877 1,596 1,534
NONINTEREST EXPENSE:      
Salaries and employee benefits 2,026 1,880 1,766
Equipment and software expense 514 464 443
Outside services 498 447 404
Occupancy 333 333 319
Other operating expense 476 495 542
Total noninterest expense 3,847 3,619 3,474
Income before income tax expense 2,251 2,183 1,912
Income tax expense 460 462 260
NET INCOME 1,791 1,721 1,652
Net income available to common stockholders $ 1,718 $ 1,692 $ 1,638
Weighted-average common shares outstanding:      
Basic (in shares) 449,731,453 478,822,072 502,157,440
Diluted (in shares) 451,213,701 480,430,741 503,685,091
Per common share information:      
Basic earnings (in dollars per share) $ 3.82 $ 3.54 $ 3.26
Diluted earnings (in dollars per share) $ 3.81 $ 3.52 $ 3.25