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CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Interest income $ 378 $ 306 $ 719 $ 614
Interest expense (22) (20) (44) (41)
Net interest income 356 286 675 573
Commissions 105 106 232 213
Fees and service charges 98 62 184 120
Gains on securities and other, net 7 10 17 20
Other revenue 11 10 22 20
Total non-interest income 221 188 455 373
Total net revenue 577 474 1,130 946
Provision (benefit) for loan losses (99) (35) (113) (69)
Non-interest expense:        
Compensation and benefits 133 125 269 251
Advertising and market development 42 30 85 73
Clearing and servicing 33 25 65 49
Professional services 24 22 46 44
Occupancy and equipment 29 24 56 47
Communications 36 20 61 43
Depreciation and amortization 20 20 40 40
FDIC insurance premiums 8 6 16 12
Amortization of other intangibles 9 5 18 10
Restructuring and acquisition-related activities 4 1 8 3
Other non-interest expenses 21 17 37 35
Total non-interest expense 359 295 701 607
Income before income tax expense 317 214 542 408
Income tax expense 124 81 204 122
Net income 193 133 338 286
Preferred stock dividends 0 0 13 0
Net income available to common shareholders $ 193 $ 133 $ 325 $ 286
Basic earnings per share (in dollars per share) $ 0.70 $ 0.48 $ 1.18 $ 1.02
Diluted earnings per share (in dollars per share) $ 0.70 $ 0.48 $ 1.17 $ 1.01
Shares used in computation of per common share data:        
Basic (in thousands) 275,410 277,013 275,167 281,141
Diluted (in thousands) 276,272 277,978 276,370 282,426