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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income      
Interest and fees on loans and leases $ 7,982 $ 6,894 $ 6,230
Interest on securities 1,319 1,160 1,092
Interest on other earning assets 108 66 52
Total interest income 9,409 8,120 7,374
Interest Expense      
Interest on deposits 1,101 644 344
Interest on long-term debt 797 683 454
Interest on other borrowings 198 111 41
Total interest expense 2,096 1,438 839
Net Interest Income 7,313 6,682 6,535
Provision for credit losses 615 566 547
Net Interest Income After Provision for Credit Losses 6,698 6,116 5,988
Noninterest Income      
Total noninterest income 5,255 4,876 4,782
Noninterest Expense      
Personnel expense 4,833 4,313 4,226
Net occupancy expense 507 491 538
Professional fees and outside processing 433 365 369
Software expense 338 272 242
Equipment expense 280 267 246
Marketing and customer development 137 102 94
Operating lease depreciation 136 120 120
Loan-related expense 123 108 130
Amortization of intangibles 164 131 142
Regulatory charges 81 134 153
Merger-related and restructuring charges 360 146 115
Loss (gain) on early extinguishment of debt 0 0 392
Other expense 542 483 677
Total noninterest expense 7,934 6,932 7,444
Earnings      
Income before income taxes 4,019 4,060 3,326
Provision for income taxes 782 803 911
Net income 3,237 3,257 2,415
Noncontrolling interests 13 20 21
Dividends on preferred stock 196 174 174
Net income available to common shareholders $ 3,028 $ 3,063 $ 2,220
Basic EPS $ 3.76 $ 3.96 $ 2.78
Diluted EPS $ 3.71 $ 3.91 $ 2.74
Basic weighted average shares outstanding (in shares) 805,104 772,963 799,217
Diluted weighted average shares outstanding (in shares) 815,204 783,484 810,977
Insurance income      
Noninterest Income      
Total noninterest income $ 2,072 $ 1,852 $ 1,754
Service charges on deposits      
Noninterest Income      
Total noninterest income 762 712 706
Wealth management income      
Noninterest Income      
Total noninterest income 715 660 594
Card and payment related fees      
Noninterest Income      
Total noninterest income 555 522 501
Residential mortgage income      
Noninterest Income      
Total noninterest income 285 258 309
Investment banking and trading income      
Noninterest Income      
Total noninterest income 244 154 203
Operating lease income      
Noninterest Income      
Total noninterest income 153 145 146
Income from bank-owned life insurance      
Noninterest Income      
Total noninterest income 129 116 122
Lending related fees      
Noninterest Income      
Total noninterest income 124 99 101
Commercial real estate related income      
Noninterest Income      
Total noninterest income 116 100 106
Securities gains (losses)      
Noninterest Income      
Total noninterest income (116) 3 (1)
Other income      
Noninterest Income      
Total noninterest income $ 216 $ 255 $ 241