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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Interest and fees on loans $ 505 $ 581 $ 1,551 $ 1,731
Interest on money market investments 2 8 11 26
Interest on securities 74 88 235 279
Total interest income 581 677 1,797 2,036
Interest expense:        
Interest on deposits 18 69 92 192
Interest on short- and long-term borrowings 8 41 40 131
Total interest expense 26 110 132 323
Net interest income 555 567 1,665 1,713
Provision for loan losses 45 8 446 30
Provision for unfunded lending commitments 10 2 35 5
Total provision for credit losses 55 10 481 35
Net interest income after provision for credit losses 500 557 1,184 1,678
Noninterest income:        
Commercial account fees 32 31 93 90
Card fees 21 24 61 70
Retail and business banking fees 17 20 50 58
Loan-related fees and income 32 21 84 55
Capital markets and foreign exchange fees 16 23 58 59
Wealth management and trust fees 14 16 46 45
Other customer-related fees 7 5 19 15
Customer-related fees 139 140 411 392
Fair value and nonhedge derivative gain (loss) 8 (6) (15) (15)
Dividends and other investment income 6 10 17 33
Securities gains (losses), net 4 2 (5) 0
Total noninterest income 157 146 408 410
Noninterest expense:        
Salaries and employee benefits 269 273 810 835
Occupancy, net 33 34 97 99
Furniture, equipment and software, net 32 34 97 101
Other real estate expense, net 0 (2) 0 (3)
Credit-related expense 6 2 16 16
Professional and legal services 12 10 34 33
Advertising 7 6 13 17
FDIC premiums 7 7 18 19
Other 76 51 194 153
Total noninterest expense 442 415 1,279 1,270
Income before income taxes 215 288 313 818
Income taxes 40 66 58 185
Net income 175 222 255 633
Preferred stock dividends (8) (8) (25) (25)
Net earnings applicable to common shareholders $ 167 $ 214 $ 230 $ 608
Weighted average common shares outstanding during the period:        
Basic shares (in shares) 163,608 173,160 163,764 178,985
Weighted average diluted common shares outstanding (in shares) 163,779 181,870 166,029 188,895
Net earnings per common share:        
Basic (in dollars per share) $ 1.01 $ 1.23 $ 1.40 $ 3.38
Diluted (in dollars per share) $ 1.01 $ 1.17 $ 1.38 $ 3.20