XML 25 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME:        
Interest and fees on loans and leases $ 1,058 $ 1,192 $ 2,119 $ 2,494
Interest and fees on loans held for sale, at fair value 24 20 42 35
Interest and fees on other loans held for sale 2 7 8 16
Investment securities 124 130 252 277
Interest-bearing deposits in banks 3 1 6 6
Total interest income 1,211 1,350 2,427 2,828
INTEREST EXPENSE:        
Deposits 42 124 92 351
Short-term borrowed funds 0 0 0 1
Long-term borrowed funds 45 66 94 156
Total interest expense 87 190 186 508
Net interest income 1,124 1,160 2,241 2,320
Provision for credit losses (213) 464 (353) 1,064
Net interest income after provision for credit losses 1,337 696 2,594 1,256
NONINTEREST INCOME:        
Mortgage banking fees 85 276 250 435
Service charges and fees 100 84 199 202
Capital markets fees 91 61 172 104
Card fees 64 48 119 104
Trust and investment services fees 60 45 118 98
Letter of credit and loan fees 38 31 76 65
Foreign exchange and interest rate products 28 34 56 58
Securities gains, net 3 3 6 3
Other income 16 8 31 18
Total noninterest income 485 590 1,027 1,087
NONINTEREST EXPENSE:        
Salaries and employee benefits 524 513 1,072 1,062
Equipment and software 155 142 307 275
Outside services 137 131 276 266
Occupancy 82 82 170 166
Other operating expense 93 111 184 222
Total noninterest expense 991 979 2,009 1,991
Income before income tax expense 831 307 1,612 352
Income tax expense 183 54 353 65
NET INCOME 648 253 1,259 287
Net income available to common stockholders $ 616 $ 225 $ 1,204 $ 237
Weighted-average common shares outstanding:        
Basic (in Shares) 425,948,706 426,613,053 425,951,197 427,165,737
Diluted (in Shares) 427,561,572 427,566,920 427,668,242 428,292,580
Per common share information:        
Basic earnings (in dollars per share) $ 1.45 $ 0.53 $ 2.83 $ 0.56
Diluted earnings (in Dollars per Share) $ 1.44 $ 0.53 $ 2.81 $ 0.55