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Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income        
Interest and fees on loans and leases $ 1,418 $ 1,492 $ 2,851 $ 2,994
Interest and dividends on securities 215 230 430 464
Interest on other earning assets 10 6 21 13
Total interest income 1,643 1,728 3,302 3,471
Interest Expense        
Interest on deposits 78 107 164 228
Interest on short-term borrowings 3 2 4 3
Interest on long-term debt 147 157 297 342
Total interest expense 228 266 465 573
Net Interest Income 1,415 1,462 2,837 2,898
Provision for credit losses 168 273 440 561
Net Interest Income After Provision for Credit Losses 1,247 1,189 2,397 2,337
Noninterest Income        
Insurance income 426 393 791 664
Mortgage banking income 168 182 348 398
Service charges on deposits 143 138 281 275
Investment banking and brokerage fees and commissions 99 88 193 177
Bankcard fees and merchant discounts 65 59 124 113
Checkcard fees 51 45 98 88
Trust and investment advisory revenues 49 46 97 91
Income from bank-owned life insurance 26 27 54 57
FDIC loss share income, net (85) (74) (144) (131)
Other income 81 64 159 116
Securities gains (losses), net        
Realized gains (losses), net 23 0 46 (4)
OTTI charges 0 (2) 0 (5)
Non-credit portion recognized in OCI 0 0 0 (2)
Total securities gains (losses), net 23 (2) 46 (11)
Total noninterest income 1,046 966 2,047 1,837
Noninterest Expense        
Personnel expense 844 775 1,661 1,505
Occupancy and equipment expense 170 159 341 312
Loan-related expense 63 62 121 125
Foreclosed property expense 12 72 30 164
Regulatory charges 35 43 70 84
Professional services 47 39 83 74
Software expense 38 32 76 64
Amortization of intangibles 27 29 54 51
Merger-related and restructuring charges, net 27 2 32 14
Other expenses 233 213 442 418
Total noninterest expense 1,496 1,426 2,910 2,811
Earnings        
Income (loss) before income taxes 797 729 1,534 1,363
Provision for income taxes 221 191 702 380
Net income 576 538 832 983
Noncontrolling interests 16 20 32 34
Dividends on preferred stock 13 8 43 8
Net income available to common shareholders $ 547 $ 510 $ 757 $ 941
EPS        
Basic $ 0.78 $ 0.73 $ 1.08 $ 1.35
Diluted $ 0.77 $ 0.72 $ 1.06 $ 1.33
Cash dividends declared $ 0.23 $ 0.20 $ 0.46 $ 0.40
Weighted Average Shares Outstanding        
Basic 702,082 698,579 701,245 698,132
Diluted 712,861 708,454 711,998 707,990