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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME:    
Interest and fees on loans and leases $ 1,302 $ 1,381
Interest and fees on loans held for sale, at fair value 15 11
Interest and fees on other loans held for sale 9 4
Investment securities 147 166
Interest-bearing deposits in banks 5 8
Total interest income 1,478 1,570
INTEREST EXPENSE:    
Deposits 227 287
Short-term borrowed funds 1 2
Long-term borrowed funds 90 121
Total interest expense 318 410
Net interest income 1,160 1,160
Provision for credit losses 600 85
Net interest income after provision for credit losses 560 1,075
NONINTEREST INCOME:    
Service charges and fees 118 123
Mortgage banking fees 159 43
Card fees 56 59
Capital markets fees 43 54
Trust and investment services fees 53 47
Foreign exchange and interest rate products 24 36
Letter of credit and loan fees 34 33
Securities gains, net 0 8
Net impairment losses recognized in earnings on debt securities 0 (1)
Other income 10 26
Total noninterest income 497 428
NONINTEREST EXPENSE:    
Salaries and employee benefits 549 509
Equipment and software expense 133 125
Outside services 135 110
Occupancy 84 83
Other operating expense 111 110
Total noninterest expense 1,012 937
Income before income tax expense 45 566
Income tax expense 11 127
NET INCOME 34 439
Net income available to common stockholders $ 12 $ 424
Weighted-average common shares outstanding:    
Basic (in Shares) 427,718,421 460,713,172
Diluted (in Shares) 429,388,855 462,520,680
Per common share information:    
Basic earnings (in dollars per share) $ 0.03 $ 0.92
Diluted earnings (in Dollars per Share) $ 0.03 $ 0.92