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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest Income        
Interest and fees on loans and leases $ 1,687 $ 1,540 $ 3,292 $ 3,041
Interest and dividends on securities 294 272 585 530
Interest on other earning assets 13 12 38 28
Total interest income 1,994 1,824 3,915 3,599
Interest Expense        
Interest on deposits 148 80 266 149
Interest on short-term borrowings 23 5 43 7
Interest on long-term debt 166 104 316 199
Total interest expense 337 189 625 355
Net Interest Income 1,657 1,635 3,290 3,244
Provision for credit losses 135 135 285 283
Net Interest Income After Provision for Credit Losses 1,522 1,500 3,005 2,961
Noninterest Income        
Total noninterest income 1,222 1,220 2,402 2,391
Noninterest Expense        
Personnel expense 1,074 1,068 2,113 2,103
Occupancy and equipment expense 187 198 381 391
Software expense 67 57 132 115
Outside IT services 32 39 64 88
Regulatory charges 39 36 79 75
Amortization of intangibles 31 36 64 74
Loan-related expense 26 36 55 66
Professional services 32 38 62 60
Merger-related and restructuring charges, net 24 10 52 46
Loss (gain) on early extinguishment of debt 0 0 0 392
Other expense 208 224 404 434
Total noninterest expense 1,720 1,742 3,406 3,844
Earnings        
Income before income taxes 1,024 978 2,001 1,508
Provision for income taxes 202 304 388 408
Net income 822 674 1,613 1,100
Noncontrolling interests 3 (1) 6 4
Dividends on preferred stock 44 44 87 87
Net income available to common shareholders $ 775 $ 631 $ 1,520 $ 1,009
Basic EPS (in dollars per share) $ 1.00 $ 0.78 $ 1.95 $ 1.25
Diluted EPS (in dollars per share) 0.99 0.77 1.93 1.23
Cash dividends declared per share (in dollars per share) $ 0.375 $ 0.300 $ 0.750 $ 0.600
Basic weighted average shares outstanding (in shares) 775,836 808,980 777,716 809,439
Diluted weighted average shares outstanding (in shares) 785,750 819,389 788,362 821,072
Insurance income        
Noninterest Income        
Total noninterest income $ 481 $ 481 $ 917 $ 939
Service charges on deposits        
Noninterest Income        
Total noninterest income 179 176 344 344
Mortgage banking income        
Noninterest Income        
Total noninterest income 94 94 193 197
Investment banking and brokerage fees and commissions        
Noninterest Income        
Total noninterest income 109 105 222 196
Trust and investment advisory revenues        
Noninterest Income        
Total noninterest income 72 70 144 138
Bankcard fees and merchant discounts        
Noninterest Income        
Total noninterest income 72 75 141 134
Checkcard fees        
Noninterest Income        
Total noninterest income 57 54 109 105
Operating lease income        
Noninterest Income        
Total noninterest income 36 37 73 73
Income from bank-owned life insurance        
Noninterest Income        
Total noninterest income 30 32 61 61
Other income        
Noninterest Income        
Total noninterest income 91 96 197 204
Securities gains (losses), net        
Noninterest Income        
Total noninterest income 1 0 1 0
Securities gains (losses), net        
Gross realized gains 1 0 1 0
Gross realized losses 0 0 0 0
OTTI charges 0 0 0 0
Non-credit portion recognized in OCI $ 0 $ 0 $ 0 $ 0