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Consolidated Statements Of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Interest and fees on loans $ 500 $ 411 $ 1,374 $ 1,223
Interest on investment securities 62 61 186 185
Interest on short-term investments 17 8 44 17
Total interest income 579 480 1,604 1,425
INTEREST EXPENSE        
Interest on deposits 11 10 29 30
Interest on short-term borrowings 3 0 3 0
Interest on medium- and long-term debt 19 20 56 53
Total interest expense 33 30 88 83
Net interest income 546 450 1,516 1,342
Provision for credit losses 24 16 57 213
Net interest income after provision for credit losses 522 434 1,459 1,129
NONINTEREST INCOME        
Card fees 85 76 242 224
Service charges on deposit accounts 57 55 172 165
Fiduciary income 48 47 148 142
Commercial lending fees 21 26 63 68
Letter of credit fees 11 12 34 38
Bank-owned life insurance 12 12 31 30
Foreign exchange income 11 10 33 31
Brokerage fees 6 5 17 14
Net securities losses (1) 0 (3) (3)
Other noninterest income 25 29 85 75
Total noninterest income 275 272 822 784
NONINTEREST EXPENSES        
Salaries and benefits expense 225 247 677 742
Outside processing fee expense 92 86 267 247
Net occupancy expense 38 40 114 117
Equipment expense 12 13 34 40
Restructuring charges 7 20 32 73
Software expense 35 31 95 90
FDIC insurance expense 13 14 38 39
Advertising expense 8 5 19 15
Litigation-related expense 0 0 (2) 0
Other noninterest expenses 33 37 103 106
Total noninterest expenses 463 493 1,377 1,469
Income before income taxes 334 213 904 444
Provision for income taxes 108 64 273 131
Net Income 226 149 631 313
Less income allocated to participating securities 2 1 5 3
Net income attributable to common shares $ 224 $ 148 $ 626 $ 310
Basic earnings per common share $ 1.29 $ 0.87 $ 3.58 $ 1.80
Diluted earnings per common share $ 1.26 $ 0.84 $ 3.50 $ 1.76
Comprehensive income $ 228 $ 152 $ 655 $ 450
Cash dividends declared on common stock $ 53 $ 40 $ 141 $ 115
Cash dividends declared per common share $ 0.30 $ 0.23 $ 0.79 $ 0.66