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Consolidated Statements Of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME    
Interest and fees on loans $ 386 $ 517
Interest on investment securities 69 74
Interest on short-term investments 4 18
Total interest income 459 609
INTEREST EXPENSE    
Interest on deposits 7 56
Interest on medium- and long-term debt [1] 9 40
Total interest expense 16 96
Net interest income 443 513
Provision for credit losses (182) 411
Net interest income after provision for credit losses 625 102
NONINTEREST INCOME    
Card fees 71 59
Fiduciary income 53 54
Service charges on deposit accounts 48 49
Derivative income 30 20
Commercial lending fees 18 17
Bank-owned life insurance 11 12
Letter of credit fees 10 9
Brokerage fees 4 7
Net securities losses 0 (1)
Other noninterest income 25 11
Total noninterest income 270 237
NONINTEREST EXPENSES    
Salaries and benefits expense 282 242
Outside processing fee expense 64 57
Occupancy expense 39 37
Software expense 39 37
Equipment expense 12 12
Advertising expense 6 7
FDIC insurance expense 6 8
Other noninterest expenses (1) 17
Total noninterest expenses 447 417 [2]
Income (loss) before income taxes 448 (78)
Provision (benefit) for income taxes 98 (19) [2]
Net income (loss) 350 (59) [2]
Less income allocated to participating securities 1 0
Preferred stock dividends 6 0
Net income (loss) attributable to common shares $ 343 $ (59)
Basic earnings (losses) per common share $ 2.46 $ (0.42)
Diluted earnings (losses) per common share $ 2.43 $ (0.42)
Comprehensive income $ 181 $ 344
Cash dividends declared on common stock $ 95 $ 94
Cash dividends declared per common share $ 0.68 $ 0.68
[1] Includes the effects of hedging.
[2] See Defined Benefit Pension and Other Postretirement Costs in Note 1.