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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Loans, including loans held for sale $ 28,910 $ 24,263 $ 24,074
Investment securities 1,884 1,446 1,877
Other 443 60 82
Total interest income 31,237 25,769 26,033
Interest expense:      
Deposits 2,535 956 2,165
Securitized debt obligations 384 119 232
Senior and subordinated notes 1,074 488 679
Other borrowings 130 35 44
Total interest expense 4,123 1,598 3,120
Net interest income 27,114 24,171 22,913
Provision (benefit) for credit losses 5,847 (1,944) 10,264
Net interest income after provision for credit losses 21,267 26,115 12,649
Non-interest income:      
Interchange fees, net 4,606 3,860 3,017
Service charges and other customer-related fees 1,625 1,578 1,243
Other 905 826 1,350
Total non-interest income 7,136 6,264 5,610
Non-interest expense:      
Salaries and associate benefits 8,425 7,421 6,805
Occupancy and equipment 2,050 2,003 2,118
Marketing 4,017 2,871 1,610
Professional services 1,807 1,440 1,312
Communications and data processing 1,379 1,262 1,215
Amortization and impairment of Intangibles 70 29 60
Other 1,415 1,544 1,936
Total non-interest expense 19,163 16,570 15,056
Income (loss) from continuing operations before income taxes 9,240 15,809 3,203
Income tax provision (benefit) 1,880 3,415 486
Income from continuing operations, net of tax 7,360 12,394 2,717
Income (loss) from discontinued operations, net of tax 0 (4) (3)
Net income 7,360 12,390 2,714
Dividends and undistributed earnings allocated to participating securities (88) (105) (20)
Preferred stock dividends (228) (274) (280)
Issuance cost for redeemed preferred stock 0 (46) (39)
Net income available to common stockholders $ 7,044 $ 11,965 $ 2,375
Basic earnings per common share:      
Net income from continuing operations $ 17.98 $ 27.05 $ 5.20
Income (loss) from discontinued operations 0.00 (0.01) (0.01)
Net income per basic common share 17.98 27.04 5.19
Diluted earnings per common share:      
Net income from continuing operations 17.91 26.95 5.19
Income (loss) from discontinued operations 0.00 (0.01) (0.01)
Net income per diluted common share $ 17.91 $ 26.94 $ 5.18