Summary of Quarterly Financial Statements (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Financial Statements (Unaudited)

SUMMARY OF QUARTERLY FINANCIAL STATEMENTS (UNAUDITED)

The following quarterly information is unaudited. However, in the opinion of management, the information reflects all adjustments, which are necessary for the fair presentation of the results of operations, for the periods presented.

	2015
(in millions, except per share data)	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Interest income	$	457	$	448	$	444	$	435
Interest expense	24		26		23		22
Net interest income	433		422		421		413
Provision for credit losses	60		26		47		14
Net securities losses	—		—		—		(2		)
Noninterest income excluding net securities losses	270		264		261		257
Noninterest expenses	486		461		436		459
Provision for income taxes	41		63		64		61
Net income	116		136		135		134
Less income allocated to participating securities	1		2		1		2
Net income attributable to common shares	$	115	$	134	$	134	$	132
Earnings per common share:
Basic	$	0.65	$	0.76	$	0.76	$	0.75
Diluted	0.64		0.74		0.73		0.73
Comprehensive income	31		187		109		176

	2014
(in millions, except per share data)	Fourth Quarter		Third Quarter			Second Quarter		First Quarter
Interest income	$	438	$	436		$	441	$	435
Interest expense	23		22			25		25
Net interest income	415		414			416		410
Provision for credit losses	2		5			11		9
Net securities (losses) gains	—		(1		)	—		1
Noninterest income excluding net securities (losses) gains	225		216			220		207
Noninterest expenses	419		397			404		406
Provision for income taxes	70		73			70		64
Net income	149		154			151		139
Less income allocated to participating securities	1		2			2		2
Net income attributable to common shares	$	148	$	152		$	149	$	137
Earnings per common share:
Basic	$	0.83	$	0.85		$	0.83	$	0.76
Diluted	0.80		0.82			0.80		0.73
Comprehensive income	54		141			172		205