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Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest Income        
Interest and fees on loans and leases $ 1,492 $ 1,523 $ 2,994 $ 3,043
Interest and dividends on securities 230 163 464 313
Interest on other earning assets 6 4 13 10
Total interest income 1,728 1,690 3,471 3,366
Interest Expense        
Interest on deposits 107 152 228 323
Interest on federal funds purchased, securities sold under repurchase agreements and short-term borrowed funds 2 3 3 7
Interest on long-term debt 157 181 342 397
Total interest expense 266 336 573 727
Net Interest Income 1,462 1,354 2,898 2,639
Provision for credit losses 273 328 561 668
Net Interest Income After Provision for Credit Losses 1,189 1,026 2,337 1,971
Noninterest Income        
Insurance income 393 299 664 549
Service charges on deposits 138 145 275 280
Mortgage banking income 182 83 398 178
Investment banking and brokerage fees and commissions 88 90 177 177
Checkcard fees 45 79 88 151
Bankcard fees and merchant discounts 59 52 113 98
Trust and investment advisory revenues 46 45 91 88
Income from bank-owned life insurance 27 29 57 59
FDIC loss share income, net (74) (81) (131) (139)
Other income 64 48 116 62
Securities gains (losses), net        
Realized gains (losses), net 0 16 (4) 37
Other-than-temporary impairments (2) (10) (5) (11)
Non-credit portion recognized in other comprehensive income 0 (8) (2) (28)
Total securities gains (losses), net (2) (2) (11) (2)
Total noninterest income 966 787 1,837 1,501
Noninterest Expense        
Personnel expense 775 683 1,505 1,377
Foreclosed property expense 72 145 164 288
Occupancy and equipment expense 159 152 312 306
Loan processing expenses 62 57 125 113
Regulatory charges 43 59 84 120
Professional services 39 38 74 69
Software expense 32 29 64 55
Amortization of intangibles 29 25 51 51
Merger-related and restructuring charges, net 2 2 14 0
Other expenses 213 205 418 388
Total noninterest expense 1,426 1,395 2,811 2,767
Earnings        
Income before income taxes 729 418 1,363 705
Provision for income taxes 191 91 380 144
Net income 538 327 983 561
Noncontrolling interests 20 20 34 29
Preferred stock dividends 8 0 8 0
Net income available to common shareholders $ 510 $ 307 $ 941 $ 532
Earnings Per Common Share        
Basic $ 0.73 $ 0.44 $ 1.35 $ 0.76
Diluted $ 0.72 $ 0.44 $ 1.33 $ 0.76
Cash dividends declared $ 0.20 $ 0.16 $ 0.40 $ 0.33
Weighted Average Shares Outstanding        
Basic 698,579 696,625 698,132 695,971
Diluted 708,454 704,969 707,990 704,583