Quarterly Financial Information

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Financial information by quarter for 2018 and 2017 is as follows:

(In millions, except per share amounts)	Quarters
	First			Second			Third			Fourth			Year
2018
Gross interest income	$	588		$	606		$	631		$	656		$	2,481
Net interest income	541			548			565			576			2,230
Provision for loan losses	(40		)	5			(11		)	7			(39		)
Noninterest income	138			138			136			140			552
Noninterest expense	411			428			420			419			1,678
Income before income taxes	308			253			292			290			1,143
Net income	238			197			223			226			884
Preferred stock dividends	(7		)	(10		)	(8		)	(9		)	(34		)
Preferred stock redemption	—			—			—			—			—
Net earnings applicable to common shareholders	231			187			215			217			850
Net earnings per common share:
Basic	1.16			0.95			1.11			1.14			4.36
Diluted	1.08			0.88			1.04			1.08			4.08
2017
Gross interest income	$	515		$	558		$	557		$	562		$	2,192
Net interest income	489			528			522			526			2,065
Provision for loan losses	23			7			5			(11		)	24
Noninterest income	132			132			140			140			544
Noninterest expense	414			405			413			417			1,649
Income before income taxes	184			248			244			260			936
Net income	139			168			161			124			592
Preferred stock dividends	(10		)	(12		)	(8		)	(10		)	(40		)
Preferred stock redemption	—			(2		)	—			—			(2		)
Net earnings applicable to common shareholders	129			154			153			114			550
Net earnings per common share:
Basic	0.63			0.76			0.75			0.57			2.71
Diluted	0.61			0.73			0.72			0.54			2.60

Certain prior period amounts have been reclassified to conform with the current year presentation. These reclassifications did not affect net income. See related discussion in Note 1. Individual quarter information may be different than previously reported due to rounding.

Quarterly Financial Information [Table Text Block]

(In millions, except per share amounts)	Quarters
	First			Second			Third			Fourth			Year
2018
Gross interest income	$	588		$	606		$	631		$	656		$	2,481
Net interest income	541			548			565			576			2,230
Provision for loan losses	(40		)	5			(11		)	7			(39		)
Noninterest income	138			138			136			140			552
Noninterest expense	411			428			420			419			1,678
Income before income taxes	308			253			292			290			1,143
Net income	238			197			223			226			884
Preferred stock dividends	(7		)	(10		)	(8		)	(9		)	(34		)
Preferred stock redemption	—			—			—			—			—
Net earnings applicable to common shareholders	231			187			215			217			850
Net earnings per common share:
Basic	1.16			0.95			1.11			1.14			4.36
Diluted	1.08			0.88			1.04			1.08			4.08
2017
Gross interest income	$	515		$	558		$	557		$	562		$	2,192
Net interest income	489			528			522			526			2,065
Provision for loan losses	23			7			5			(11		)	24
Noninterest income	132			132			140			140			544
Noninterest expense	414			405			413			417			1,649
Income before income taxes	184			248			244			260			936
Net income	139			168			161			124			592
Preferred stock dividends	(10		)	(12		)	(8		)	(10		)	(40		)
Preferred stock redemption	—			(2		)	—			—			(2		)
Net earnings applicable to common shareholders	129			154			153			114			550
Net earnings per common share:
Basic	0.63			0.76			0.75			0.57			2.71
Diluted	0.61			0.73			0.72			0.54			2.60