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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest and fees on loans $ 865 $ 726
Interest on money market investments 47 57
Interest on securities 142 137
Total interest income 1,054 920
Interest expense:    
Interest on deposits 376 82
Interest on short- and long-term borrowings 92 159
Total interest expense 468 241
Net interest income 586 679
Provision for credit losses:    
Provision for loan and lease losses 21 46
Provision for unfunded lending commitments (8) (1)
Total provision for credit losses 13 45
Net interest income after provision for credit losses 573 634
Noninterest income:    
Commercial account fees 44 43
Card fees 23 24
Retail and business banking fees 16 16
Loan-related fees and income 15 21
Capital markets fees 24 17
Wealth management fees 15 15
Other customer-related fees 14 15
Customer-related noninterest income 151 151
Fair value and nonhedge derivative income 1 (3)
Dividends and other income (loss) 6 11
Securities gains (losses), net (2) 1
Total noninterest income 156 160
Noninterest expense:    
Salaries and employee benefits 331 339
Technology, telecom, and information processing 62 55
Occupancy and equipment, net 39 40
Professional and legal services 16 13
Marketing and business development 10 12
Deposit insurance and regulatory expense 34 18
Credit-related expense 7 6
Other 27 29
Total noninterest expense 526 512
Income before income taxes 203 282
Income taxes 50 78
Net income 153 204
Preferred stock dividends (10) (6)
Net earnings applicable to common shareholders $ 143 $ 198
Weighted average common shares outstanding during the period:    
Basic shares (in shares) 147,338 148,015
Diluted shares (in shares) 147,343 148,038
Earnings Per Share [Abstract]    
Basic (in dollars per share) $ 0.96 $ 1.33
Diluted (in dollars per share) $ 0.96 $ 1.33