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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income    
Interest and fees on loans and leases $ 1,605 $ 1,501
Interest and dividends on securities 291 258
Interest on other earning assets 25 16
Total interest income 1,921 1,775
Interest Expense    
Interest on deposits 118 69
Interest on short-term borrowings 20 2
Interest on long-term debt 150 95
Total interest expense 288 166
Net Interest Income 1,633 1,609
Provision for credit losses 150 148
Net Interest Income After Provision for Credit Losses 1,483 1,461
Noninterest Income    
Insurance income 436 458
Service charges on deposits 165 168
Mortgage banking income 99 103
Investment banking and brokerage fees and commissions 113 91
Trust and investment advisory revenues 72 68
Bankcard fees and merchant discounts 69 59
Checkcard fees 52 51
Operating lease income 37 36
Income from bank-owned life insurance 31 29
Other income 106 108
Securities gains (losses), net    
Gross realized gains 0 0
Gross realized losses 0 0
OTTI charges 0 0
Non-credit portion recognized in OCI 0 0
Total securities gains (losses), net 0 0
Total noninterest income 1,180 1,171
Noninterest Expense    
Personnel expense 1,039 1,035
Occupancy and equipment expense 194 193
Software expense 65 58
Outside IT services 32 49
Regulatory charges 40 39
Amortization of intangibles 33 38
Loan-related expense 29 30
Professional services 30 22
Merger-related and restructuring charges, net 28 36
Loss (gain) on early extinguishment of debt 0 392
Other expense 196 210
Total noninterest expense 1,686 2,102
Earnings    
Income before income taxes 977 530
Provision for income taxes 186 104
Net income 791 426
Noncontrolling interests 3 5
Dividends on preferred stock 43 43
Net income available to common shareholders $ 745 $ 378
Basic EPS (in dollars per share) $ 0.96 $ 0.47
Diluted EPS (in dollars per share) 0.94 0.46
Cash dividends declared per share (in dollars per share) $ 0.375 $ 0.300
Basic weighted average shares outstanding (in shares) 779,617 809,903
Diluted weighted average shares outstanding (in shares) 791,005 822,719