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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME:    
Interest and fees on loans and leases $ 2,047 $ 1,048
Interest and fees on loans held for sale 15 16
Interest and fees on other loans held for sale 5 7
Investment securities 266 138
Interest-bearing deposits in banks 69 4
Total interest income 2,402 1,213
INTEREST EXPENSE:    
Deposits 550 25
Short-term borrowed funds 6 0
Long-term borrowed funds 203 41
Total interest expense 759 66
Net interest income 1,643 1,147
Provision (benefit) for credit losses 168 3
Net interest income after provision (benefit) for credit losses 1,475 1,144
NONINTEREST INCOME:    
Service charges and fees 100 98
Capital markets fees 83 93
Card fees 72 60
Mortgage banking fees 57 69
Trust and investment services fees 63 61
Foreign exchange and derivative products 48 51
Letter of credit and loan fees 40 38
Securities gains, net 5 4
Other income 17 24
Total noninterest income 485 498
NONINTEREST EXPENSE:    
Salaries and employee benefits 658 594
Outside services 176 169
Equipment and software 169 150
Occupancy 124 83
Other operating expense 169 110
Total noninterest expense 1,296 1,106
Income before income tax expense 664 536
Income tax expense 153 116
NET INCOME 511 420
Net income available to common stockholders $ 488 $ 396
Weighted-average common shares outstanding:    
Basic (in Shares) 485,444,313 422,401,747
Diluted (in Shares) 487,712,146 424,670,871
Per common share information:    
Basic earnings (in dollars per share) $ 1.00 $ 0.94
Diluted earnings (in dollars per Share) $ 1.00 $ 0.93