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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Interest and fees on loans and leases $ 1,524 $ 1,412 $ 4,475 $ 3,898
Interest and dividends on securities 262 232 803 704
Interest on other earning assets 9 6 43 30
Total interest income 1,795 1,650 5,321 4,632
Interest Expense        
Interest on deposits 62 61 190 171
Interest on short-term borrowings 2 1 7 3
Interest on long-term debt 121 124 368 370
Total interest expense 185 186 565 544
Net Interest Income 1,610 1,464 4,756 4,088
Provision for credit losses 148 103 443 299
Net Interest Income After Provision for Credit Losses 1,462 1,361 4,313 3,789
Noninterest Income        
Insurance income 410 354 1,294 1,216
Service charges on deposits 172 167 492 466
Mortgage banking income 154 111 356 351
Investment banking and brokerage fees and commissions 101 105 300 307
Trust and investment advisory revenues 68 63 197 176
Bankcard fees and merchant discounts 61 57 177 162
Checkcard fees 50 45 145 127
Operating lease income 34 32 103 91
Income from bank-owned life insurance 35 29 97 86
FDIC loss share income, net (18) (58) (142) (201)
Other income 97 85 246 226
Securities gains (losses), net        
Gross realized gains 0 39 45 41
Gross realized losses 0 (40) 0 (40)
OTTI charges 0 0 0 (2)
Non-credit portion recognized in OCI 0 (1) 0 (2)
Total securities gains (losses), net 0 (2) 45 (3)
Total noninterest income 1,164 988 3,310 3,004
Noninterest Expense        
Personnel expense 1,006 882 2,960 2,576
Occupancy and equipment expense 203 183 588 516
Software expense 63 50 167 140
Loan-related expense 33 38 101 113
Outside IT services 51 35 136 94
Professional services 27 42 75 101
Amortization of intangibles 38 29 112 73
Regulatory charges 41 25 103 73
Foreclosed property expense 9 15 28 42
Merger-related and restructuring charges, net 43 77 158 115
(Gain) loss on early extinguishment of debt 0 0 (1) 172
Other expense 197 218 626 654
Total noninterest expense 1,711 1,594 5,053 4,669
Earnings        
Income before income taxes 915 755 2,570 2,124
Provision for income taxes 273 222 771 543
Net income 642 533 1,799 1,581
Noncontrolling interests 0 4 9 36
Dividends on preferred stock 43 37 123 111
Net income available to common shareholders $ 599 $ 492 $ 1,667 $ 1,434
Basic EPS (in dollars per share) $ 0.74 $ 0.64 $ 2.08 $ 1.95
Diluted EPS (in dollars per share) 0.73 0.64 2.05 1.92
Cash dividends declared (in dollars per share) $ 0.30 $ 0.27 $ 0.85 $ 0.78
Basic weighted average shares outstanding (in shares) 812,521 764,435 802,694 737,141
Diluted weighted average shares outstanding (in shares) 823,106 774,023 812,407 746,822