XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME:    
Interest and fees on loans and leases $ 1,048 $ 1,061
Interest and fees on loans held for sale 16 18
Interest and fees on other loans held for sale 7 6
Investment securities 138 128
Interest-bearing deposits in banks 4 3
Total interest income 1,213 1,216
INTEREST EXPENSE:    
Deposits 25 50
Long-term borrowed funds 41 49
Total interest expense 66 99
Net interest income 1,147 1,117
Provision (benefit) for credit losses 3 (140)
Net interest income after provision (benefit) for credit losses 1,144 1,257
NONINTEREST INCOME:    
Capital markets fees 93 81
Service charges and fees 98 99
Mortgage banking fees 69 165
Card fees 60 55
Trust and investment services fees 61 58
Letter of credit and loan fees 38 38
Foreign exchange and derivative products 51 28
Securities gains, net 4 3
Other income 24 15
Total noninterest income 498 542
NONINTEREST EXPENSE:    
Salaries and employee benefits 594 548
Equipment and software 150 152
Outside services 169 139
Occupancy 83 88
Other operating expense 110 91
Total noninterest expense 1,106 1,018
Income before income tax expense 536 781
Income tax expense 116 170
NET INCOME 420 611
Net income available to common stockholders $ 396 $ 588
Weighted-average common shares outstanding:    
Basic (in Shares) 422,401,747 425,953,716
Diluted (in Shares) 424,670,871 427,880,530
Per common share information:    
Basic earnings (in dollars per share) $ 0.94 $ 1.38
Diluted earnings (in dollars per Share) $ 0.93 $ 1.37