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Consolidated Statements Of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST INCOME        
Interest and fees on loans $ 619 $ 581 $ 1,875 $ 1,658
Interest on investment securities 75 66 222 194
Interest on short-term investments 17 28 51 63
Total interest income 711 675 2,148 1,915
INTEREST EXPENSE        
Interest on deposits 73 35 192 79
Interest on short-term borrowings 2 1 9 1
Interest on medium- and long-term debt [1] 50 40 152 97
Total interest expense 125 76 353 177
Net interest income 586 599 1,795 1,738
Provision for credit losses 35 0 66 (17)
Net interest income after provision for credit losses 551 599 1,729 1,755
NONINTEREST INCOME        
Card Fees 67 61 195 180
Service charges on deposit accounts 51 53 153 160
Fiduciary income 53 51 154 155
Commercial lending fees 23 21 66 62
Foreign exchange income 11 12 33 36
Letter of credit fees 10 9 29 30
Bank-owned life insurance 11 11 31 29
Brokerage fees 7 7 21 20
Net securities gains (losses) 0 (20) (8) (19)
Other noninterest income 23 29 70 73
Total noninterest income 256 234 744 726
NONINTEREST EXPENSES        
Salaries and benefits expense 253 254 763 759
Outside processing fee expense 66 65 194 190
Net occupancy expense 39 38 113 113
Software expense 30 32 87 95
Equipment expense 13 12 37 34
FDIC insurance expense 6 11 17 36
Advertising expense 10 8 24 22
Restructuring charges 0 12 0 39
Other noninterest expenses 18 20 57 58
Total noninterest expenses 435 452 1,292 1,346
Income before income taxes 372 381 1,181 1,135
Provision for income taxes 80 63 252 210
Net income (loss) 292 318 929 925
Less income allocated to participating securities 2 2 5 6
Net income attributable to shares $ 290 $ 316 $ 924 $ 919
Basic earnings per share $ 1.98 $ 1.89 $ 6.08 $ 5.41
Diluted earnings per share $ 1.96 $ 1.86 $ 6.02 $ 5.32
Comprehensive income $ 338 $ 296 $ 1,202 $ 764
Cash dividends declared on stock $ 97 $ 100 $ 302 $ 210
Cash dividends declared per share $ 0.67 $ 0.60 $ 2.01 $ 1.24
[1] Includes the effects of hedging.