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Consolidated Statements Of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST INCOME        
Interest and fees on loans $ 408 $ 619 $ 1,359 $ 1,875
Interest on investment securities 72 75 220 222
Interest on short-term investments 4 17 25 51
Total interest income 484 711 1,604 2,148
INTEREST EXPENSE        
Interest on deposits 15 73 91 192
Interest on short-term borrowings 0 2 1 9
Interest on medium- and long-term debt [1] 11 50 70 152
Total interest expense 26 125 162 353
Net interest income 458 586 1,442 1,795
Provision for credit losses 5 35 554 66
Net interest income after provision for credit losses 453 551 888 1,729
NONINTEREST INCOME        
Card fees 71 67 198 195
Fiduciary income 51 53 157 154
Service charges on deposit accounts 47 51 138 153
Commercial lending fees 19 23 53 66
Foreign exchange income 9 11 29 33
Bank-owned life insurance 12 11 33 31
Letter of credit fees 9 10 27 29
Brokerage fees 5 7 17 21
Net securities losses 0 0 0 (8)
Other noninterest income 29 23 84 70
Total noninterest income 252 256 736 744
NONINTEREST EXPENSES        
Salaries and benefits expense 257 253 748 763
Outside processing fee expense 58 66 177 194
Occupancy expense 40 39 114 113
Software expense 39 30 115 87
Equipment expense 12 13 36 37
Advertising expense 9 10 24 24
FDIC insurance expense 8 6 24 17
Other noninterest expenses 23 18 73 57
Total noninterest expenses 446 435 1,311 1,292
Income before income taxes 259 372 313 1,181
Provision for income taxes 48 80 54 252
Net income 211 292 259 929
Less income allocated to participating securities 0 2 1 5
Preferred stock dividends 8 0 8 0
Net income attributable to common shares $ 203 $ 290 $ 250 $ 924
Basic earnings per common share $ 1.45 $ 1.98 $ 1.79 $ 6.08
Diluted earnings per common share $ 1.44 $ 1.96 $ 1.78 $ 6.02
Comprehensive income $ 169 $ 338 $ 610 $ 1,202
Cash dividends declared on common stock $ 94 $ 97 $ 284 $ 302
Cash dividends declared per common share $ 0.68 $ 0.67 $ 2.04 $ 2.01
[1] Includes the effects of hedging.