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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Interest and fees on loans and leases $ 1,295 $ 1,418 $ 2,590 $ 2,851
Interest and dividends on securities 234 215 470 430
Interest on other earning assets 8 10 23 21
Total interest income 1,537 1,643 3,083 3,302
Interest Expense        
Interest on deposits 60 78 120 164
Interest on short-term borrowings 1 3 2 4
Interest on long-term debt 133 147 271 297
Total interest expense 194 228 393 465
Net Interest Income 1,343 1,415 2,690 2,837
Provision for credit losses 74 168 134 440
Net Interest Income After Provision for Credit Losses 1,269 1,247 2,556 2,397
Noninterest Income        
Insurance income 422 426 849 791
Service charges on deposits 149 143 292 281
Mortgage banking income 86 168 160 348
Investment banking and brokerage fees and commissions 92 99 180 193
Bankcard fees and merchant discounts 70 65 132 124
Trust and investment advisory revenues 55 49 109 97
Checkcard fees 52 51 99 98
Income from bank-owned life insurance 25 26 52 54
FDIC loss share income, net (88) (85) (172) (144)
Other income 70 81 141 159
Securities gains (losses), net        
Gross realized gains 0 23 6 46
Gross realized losses 0 0 (3) 0
OTTI charges 0 0 (23) 0
Non-credit portion recognized in OCI 0 0 22 0
Total securities gains (losses), net 0 23 2 46
Total noninterest income 933 1,046 1,844 2,047
Noninterest Expense        
Personnel expense 809 844 1,591 1,661
Occupancy and equipment expense 168 170 344 341
Loan-related expense 100 63 169 121
Professional services 34 47 67 83
Software expense 42 38 85 76
Regulatory charges 30 35 59 70
Outside IT Services 31 21 58 36
Amortization of intangibles 23 27 46 54
Foreclosed property expense 10 12 19 30
Merger-related and restructuring charges, net 13 27 21 32
Other expenses 291 212 495 406
Total noninterest expense 1,551 1,496 2,954 2,910
Earnings        
Income before income taxes 651 797 1,446 1,534
Provision for income taxes 173 221 390 702
Net Income 478 576 1,056 832
Noncontrolling interests 16 16 56 32
Dividends on preferred stock 37 13 74 43
Net income available to common shareholders $ 425 $ 547 $ 926 $ 757
EPS        
Basic $ 0.59 $ 0.78 $ 1.29 $ 1.08
Diluted $ 0.58 $ 0.77 $ 1.27 $ 1.06
Cash dividends declared $ 0.24 $ 0.23 $ 0.47 $ 0.46
Weighted Average Shares Outstanding        
Basic 719,080 702,082 715,978 701,245
Diluted 728,452 712,861 726,388 711,998