XML 27 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME:      
Interest and fees on loans and leases $ 5,968 $ 4,253 $ 4,719
Interest and fees on loans held for sale 67 82 75
Interest and fees on other loans held for sale 57 13 33
Investment securities 840 487 519
Interest-bearing deposits in banks 128 16 11
Total interest income 7,060 4,851 5,357
INTEREST EXPENSE:      
Deposits 651 160 509
Short-term borrowed funds 23 1 2
Long-term borrowed funds 374 178 260
Total interest expense 1,048 339 771
Net interest income 6,012 4,512 4,586
Provision (benefit) for credit losses 474 (411) 1,616
Net interest income after provision (benefit) for credit losses 5,538 4,923 2,970
NONINTEREST INCOME:      
Service charges and fees 420 409 403
Capital markets fees 368 428 250
Card fees 273 250 217
Mortgage banking fees 261 434 915
Trust and investment services fees 249 239 203
Foreign exchange and derivative products 188 120 120
Letter of credit and loan fees 159 156 140
Securities gains, net 9 10 4
Other income 82 89 67
Total noninterest income 2,009 2,135 2,319
NONINTEREST EXPENSE:      
Salaries and employee benefits 2,549 2,132 2,123
Outside services 700 595 553
Equipment and software 648 610 565
Occupancy 410 333 331
Other operating expense 585 411 419
Total noninterest expense 4,892 4,081 3,991
Income before income tax expense 2,655 2,977 1,298
Income tax expense 582 658 241
NET INCOME 2,073 2,319 1,057
Net income available to common stockholders $ 1,960 $ 2,206 $ 950
Weighted-average common shares outstanding:      
Basic (in shares) 475,959,815 425,669,451 427,062,537
Diluted (in shares) 477,803,142 427,435,818 428,157,780
Per common share information:      
Basic earnings (in dollars per share) $ 4.12 $ 5.18 $ 2.22
Diluted earnings (in dollars per share) $ 4.10 $ 5.16 $ 2.22