XML 68 R55.htm IDEA: XBRL DOCUMENT v3.20.2
Business Combination - Additional Information (Details)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended
Jan. 01, 2020
USD ($)
Mar. 22, 2019
USD ($)
$ / shares
shares
Jun. 30, 2020
USD ($)
$ / shares
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
$ / shares
Jun. 30, 2019
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
$ / shares
Aug. 26, 2019
$ / shares
shares
Mar. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
branch
location
Business Acquisition [Line Items]                      
Total assets     $ 202,906   $ 202,906     $ 169,369      
Preferred stock, liquidation preference per share (in dollars per share) | $ / shares     $ 25,000   $ 25,000     $ 25,000      
Goodwill     $ 4,261 $ 4,284 $ 4,261 $ 4,284   $ 4,252     $ 2,478
Total noninterest expense [1]     1,121 1,243 2,321 $ 2,341          
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member         us-gaap:AccountingStandardsUpdate201602Member          
Allowance for loan and lease losses $ 33   2,696 [2] 1,115 2,696 [2] $ 1,115 $ 2,348 $ 1,202 [2]   $ 1,115 $ 1,103
Unpaid principal balance as noncredit discount $ 87                    
Class C Preferred stock                      
Business Acquisition [Line Items]                      
Fixed dividend rate (as a percent)   6.00%                  
Class B Preferred stock, Series A                      
Business Acquisition [Line Items]                      
Fixed dividend rate (as a percent)                 6.00%    
Preferred stock, issued (in shares) | shares                 200,000    
Preferred stock, liquidation preference per share (in dollars per share) | $ / shares                 $ 1,000    
MB Financial, Inc.                      
Business Acquisition [Line Items]                      
Total consideration paid   $ 3,608                  
Total assets   $ 20,000                  
Full-service banking centers | branch                     86
Number of locations | location                     91
Percentage of common stock acquired   100.00%                  
Share consideration transferred | shares   1.45                  
Cash consideration transferred per share (in dollars per share) | $ / shares   $ 5.54                  
Total value per share (in dollars per share) | $ / shares   42.49                  
Closing price of common stock (in dollars per share) | $ / shares   $ 25.48                  
Fair value of noncontrolling interest in acquiree   $ 197                  
Percentage of voting equity interest   95.00%                  
Goodwill   $ 1,786                  
Tax deductible goodwill   $ 15                  
Tax deductible goodwill, period   15 years                  
Total noninterest expense     $ 9 $ 109 $ 16 $ 185          
Contractual balances on the purchased non credit impaired loans and leases   $ 12,700                  
Fair value of the purchased non credit impaired loans and leases   $ 12,500                  
[1] During the first quarter of 2020, certain noninterest income and noninterest expense line items were reclassified to better align disclosures to business activities. These reclassifications were retrospectively applied to all prior periods presented. Total noninterest income and noninterest expense did not change as a result of these reclassifications.
[2] Includes $66 and $74 of other short-term investments, $1,032 and $1,354 of portfolio loans and leases, $(14) and $(7) of ALLL, $7 and $8 of other assets, $2 and $2 of other liabilities, and $933 and $1,253 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2020 and December 31, 2019, respectively. For further information refer to Note 13.