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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Interest and fees on loans $ 726 $ 437
Interest on money market investments 57 6
Interest on securities 137 112
Total interest income 920 555
Interest expense:    
Interest on deposits 82 6
Interest on short- and long-term borrowings 159 5
Total interest expense 241 11
Net interest income 679 544
Provision for credit losses:    
Provision for loan and lease losses 46 (29)
Provision for unfunded lending commitments (1) (4)
Total provision for credit losses 45 (33)
Net interest income after provision for credit losses 634 577
Noninterest income:    
Commercial account fees 43 41
Card fees 24 25
Retail and business banking fees 16 20
Loan-related fees and income 21 22
Capital markets fees 17 15
Wealth management fees 15 14
Other customer-related fees 15 14
Customer-related noninterest income 151 151
Fair value and nonhedge derivative income (3) 6
Dividends and other income (loss) 11 2
Securities gains (losses), net 1 (17)
Total noninterest income 160 142
Noninterest expense:    
Salaries and employee benefits 339 312
Technology, telecom, and information processing 55 52
Occupancy and equipment, net 40 38
Professional and legal services 13 14
Marketing and business development 12 8
Deposit insurance and regulatory expense 18 10
Credit-related expense 6 7
Other real estate expense, net 0 1
Other 29 22
Total noninterest expense 512 464
Income before income taxes 282 255
Income taxes 78 52
Net income 204 203
Preferred stock dividends (6) (8)
Net earnings applicable to common shareholders $ 198 $ 195
Weighted average common shares outstanding during the period:    
Basic shares (in shares) 148,015 151,285
Diluted shares (in shares) 148,038 151,687
Earnings Per Share [Abstract]    
Basic (in dollars per share) $ 1.33 $ 1.27
Diluted (in dollars per share) $ 1.33 $ 1.27