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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Interest and fees on loans $ 437 $ 488
Interest on money market investments 6 3
Interest on securities 112 71
Total interest income 555 562
Interest expense:    
Interest on deposits 6 9
Interest on short- and long-term borrowings 5 8
Total interest expense 11 17
Net interest income 544 545
Provision for credit losses:    
Provision for loan and lease losses (29) (123)
Provision for unfunded lending commitments (4) (9)
Total provision for credit losses (33) (132)
Net interest income after provision for credit losses 577 677
Noninterest income:    
Commercial account fees 41 32
Card fees 25 21
Retail and business banking fees 20 17
Loan-related fees and income 22 25
Capital markets and foreign exchange fees 15 15
Wealth management fees 14 12
Other customer-related fees 14 11
Customer-related noninterest income 151 133
Fair value and nonhedge derivative gain 6 18
Dividends and other investment income 2 7
Securities gains (losses), net (17) 11
Total noninterest income 142 169
Noninterest expense:    
Salaries and employee benefits 312 288
Technology, telecom, and information processing 52 49
Occupancy and equipment, net 38 39
Professional and legal services 14 21
Marketing and business development 8 7
Deposit insurance and regulatory expense 10 10
Credit-related expense 7 6
Other real estate expense, net 1 0
Other 22 15
Total noninterest expense 464 435
Income before income taxes 255 411
Income taxes 52 89
Net income 203 322
Preferred stock dividends (8) (8)
Net earnings applicable to common shareholders $ 195 $ 314
Weighted average common shares outstanding during the period:    
Basic shares (in shares) 151,285 163,551
Diluted shares (in shares) 151,687 163,887
Net earnings per common share:    
Basic (in dollars per share) $ 1.27 $ 1.90
Diluted (in dollars per share) $ 1.27 $ 1.90