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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest Income        
Interest and fees on loans and leases $ 1,509 $ 1,249 $ 2,951 $ 2,486
Interest and dividends on securities 286 232 541 472
Interest on other earning assets 10 8 34 24
Total interest income 1,805 1,489 3,526 2,982
Interest Expense        
Interest on deposits 64 55 128 110
Interest on short-term borrowings 3 1 5 2
Interest on long-term debt 121 121 247 246
Total interest expense 188 177 380 358
Net Interest Income 1,617 1,312 3,146 2,624
Provision for credit losses 111 97 295 196
Net Interest Income After Provision for Credit Losses 1,506 1,215 2,851 2,428
Noninterest Income        
Insurance income 465 422 884 862
Service charges on deposits 166 154 320 299
Mortgage banking income 111 130 202 240
Investment banking and brokerage fees and commissions 102 108 199 202
Trust and investment advisory revenues 67 57 129 113
Bankcard fees and merchant discounts 60 55 116 105
Checkcard fees 50 43 95 82
Operating lease income 35 30 69 59
Income from bank-owned life insurance 31 27 62 57
FDIC loss share income, net (64) (64) (124) (143)
Other income 107 58 149 141
Securities gains (losses), net        
Gross realized gains 0 2 45 2
Gross realized losses 0 0 0 0
OTTI charges 0 (2) 0 (2)
Non-credit portion recognized in OCI 0 (1) 0 (1)
Total securities gains (losses), net 0 (1) 45 (1)
Total noninterest income 1,130 1,019 2,146 2,016
Noninterest Expense        
Personnel expense 1,039 864 1,954 1,694
Occupancy and equipment expense 194 166 385 333
Software expense 53 46 104 90
Loan-related expense 36 37 68 75
Outside IT services 44 29 85 59
Professional services 26 35 48 59
Amortization of intangibles 42 23 74 44
Regulatory charges 32 25 62 48
Foreclosed property expense 8 14 19 27
Merger-related and restructuring charges, net 92 25 115 38
(Gain) loss on early extinguishment of debt 0 172 (1) 172
Other expense 231 217 429 436
Total noninterest expense 1,797 1,653 3,342 3,075
Earnings        
Income before income taxes 839 581 1,655 1,369
Provision for income taxes 252 80 498 321
Net income 587 501 1,157 1,048
Noncontrolling interests 3 10 9 32
Dividends on preferred stock 43 37 80 74
Net income available to common shareholders $ 541 $ 454 $ 1,068 $ 942
Basic EPS (in dollars per share) $ 0.67 $ 0.63 $ 1.34 $ 1.30
Diluted EPS (in dollars per share) 0.66 0.62 1.32 1.29
Cash dividends declared (in dollars per share) $ 0.28 $ 0.27 $ 0.55 $ 0.51
Basic weighted average shares outstanding (in shares) 814,261 724,880 797,727 723,268
Diluted weighted average shares outstanding (in shares) 823,682 734,527 806,839 733,002