XML 20 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Loans, including loans held for sale $ 24,263 $ 24,074 $ 25,862
Investment securities 1,446 1,877 2,411
Other 60 82 240
Total interest income 25,769 26,033 28,513
Interest expense:      
Deposits 956 2,165 3,420
Securitized debt obligations 119 232 523
Senior and subordinated notes 488 679 1,159
Other borrowings 35 44 71
Total interest expense 1,598 3,120 5,173
Net interest income 24,171 22,913 23,340
Provision (benefit) for credit losses (1,944) 10,264 6,236
Net interest income after provision for credit losses 26,115 12,649 17,104
Non-interest income:      
Interchange fees, net 3,860 3,017 3,179
Service charges and other customer-related fees 1,578 1,243 1,330
Net securities gains 2 25 26
Other 824 1,325 718
Total non-interest income 6,264 5,610 5,253
Non-interest expense:      
Salaries and associate benefits 7,421 6,805 6,388
Occupancy and equipment 2,003 2,118 2,098
Marketing 2,871 1,610 2,274
Professional services 1,440 1,312 1,237
Communications and data processing 1,262 1,215 1,290
Amortization of intangibles 29 60 112
Other 1,544 1,936 2,084
Total non-interest expense 16,570 15,056 15,483
Income (loss) from continuing operations before income taxes 15,809 3,203 6,874
Income tax provision 3,415 486 1,341
Income from continuing operations, net of tax 12,394 2,717 5,533
Income (loss) from discontinued operations, net of tax (4) (3) 13
Net income 12,390 2,714 5,546
Dividends and undistributed earnings allocated to participating securities (105) (20) (41)
Preferred stock dividends (274) (280) (282)
Issuance cost for redeemed preferred stock (46) (39) (31)
Net income available to common stockholders $ 11,965 $ 2,375 $ 5,192
Basic earnings per common share:      
Net income from continuing operations $ 27.05 $ 5.20 $ 11.07
Income (loss) from discontinued operations (0.01) (0.01) 0.03
Net income per basic common share 27.04 5.19 11.10
Diluted earnings per common share:      
Net income from continuing operations 26.95 5.19 11.02
Income (loss) from discontinued operations (0.01) (0.01) 0.03
Net income per diluted common share $ 26.94 $ 5.18 $ 11.05