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Consolidated Statements Of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME    
Interest and fees on loans $ 517 $ 621
Interest on investment securities 74 72
Interest on short-term investments 18 17
Total interest income 609 710
INTEREST EXPENSE    
Interest on deposits 56 52
Interest on short-term borrowings 0 1
Interest on medium- and long-term debt [1] 40 51
Total interest expense 96 104
Net interest income 513 606
Provision for credit losses 411 (13)
Net interest income after provision for credit losses 102 619
NONINTEREST INCOME    
Card Fees 59 63
Fiduciary income 54 49
Service charges on deposit accounts 49 51
Commercial lending fees 17 22
Foreign exchange income 11 11
Bank-owned life insurance 12 9
Letter of credit fees 9 9
Brokerage fees 7 7
Net securities losses (1) (8)
Other noninterest income 20 25
Total noninterest income 237 238
NONINTEREST EXPENSES    
Salaries and benefits expense 242 265
Outside processing fee expense 57 63
Occupancy expense 37 37
Software expense 37 29
Equipment expense 12 12
Advertising expense 7 5
FDIC insurance expense 8 5
Other noninterest expenses 25 17
Total noninterest expenses 425 433
(Loss) income before income taxes (86) 424
(Benefit) provision for income taxes (21) 85
Net (loss) income (65) 339
Less income allocated to participating securities 0 2
Net (loss) income attributable to common shares $ (65) $ 337
Basic (losses) earnings per common share $ (0.46) $ 2.14
Diluted (losses) earnings per common share $ (0.46) $ 2.11
Comprehensive income $ 344 $ 435
Cash dividends declared on common stock $ 94 $ 105
Cash dividends declared per common share $ 0.68 $ 0.67
[1] Includes the effects of hedging.