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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Interest and fees on loans $ 2,112 $ 1,935 $ 2,050
Interest on money market investments 81 21 14
Interest on securities 512 311 304
Total interest income 2,705 2,267 2,368
Interest expense:      
Interest on deposits 70 30 105
Interest on short- and long-term borrowings 115 29 47
Total interest expense 185 59 152
Net interest income 2,520 2,208 2,216
Provision for loan losses 101 (258) 385
Provision for unfunded lending commitments 21 (18) 29
Total provision for credit losses 122 (276) 414
Net interest income after provision for credit losses 2,398 2,484 1,802
Noninterest income:      
Commercial account fees 159 137 132
Card fees 104 95 82
Retail and business banking fees 73 74 68
Loan-related fees and income 80 95 109
Capital markets and foreign exchange fees 83 70 70
Wealth management fees 55 50 44
Other customer-related fees 60 54 44
Customer-related noninterest income 614 575 549
Fair value and nonhedge derivative income (loss) 16 14 (6)
Dividends and other income 17 43 24
Securities gains (losses), net (15) 71 7
Total noninterest income 632 703 574
Noninterest expense:      
Salaries and employee benefits 1,235 1,127 1,087
Technology, telecom, and information processing 209 199 192
Occupancy and equipment, net 152 153 151
Professional and legal services 57 72 57
Marketing and business development 39 43 61
Deposit insurance and regulatory expense 50 34 33
Credit-related expense 30 26 22
Other real estate expense, net 1 0 1
Other 105 87 100
Total noninterest expense 1,878 1,741 1,704
Income before income taxes 1,152 1,446 672
Income taxes 245 317 133
Net income 907 1,129 539
Preferred stock dividends (29) (29) (34)
Net earnings applicable to common shareholders $ 878 $ 1,100 $ 505
Weighted average common shares outstanding during the year:      
Basic shares (in shares) 150,064 159,913 163,737
Diluted shares (in shares) 150,271 160,234 165,613
Net earnings per common share:      
Basic (in dollars per share) $ 5.80 $ 6.80 $ 3.06
Diluted (in dollars per share) $ 5.79 $ 6.79 $ 3.02