XML 20 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest Income        
Interest and fees on loans and leases $ 1,035 $ 1,115 $ 2,064 $ 2,350
Interest on securities 279 283 543 566
Interest on other short-term investments 9 5 17 12
Total interest income 1,323 1,403 2,624 2,928
Interest Expense        
Interest on deposits 15 83 36 248
Interest on federal funds purchased 0 0 0 2
Interest on other short-term borrowings 0 2 1 8
Interest on long-term debt 100 118 202 241
Total interest expense 115 203 239 499
Net Interest Income 1,208 1,200 2,385 2,429
(Benefit from) provision for credit losses (115) 485 (288) 1,125
Net Interest Income After (Benefit from) Provision for Credit Losses 1,323 715 2,673 1,304
Noninterest Income        
Commercial banking revenue 160 137 313 261
Service charges on deposits 149 122 292 270
Wealth and asset management revenue 145 120 288 255
Card and processing revenue 102 82 196 167
Mortgage banking net revenue 64 99 149 219
Leasing business revenue 61 57 148 131
Other noninterest income 49 12 92 18
Securities gains (losses), net 10 21 13 (3)
Securities (losses) gains, net – non-qualifying hedges on mortgage servicing rights 1 0 (1) 3
Total noninterest income 741 650 1,490 1,321
Noninterest Expense        
Compensation and benefits 638 627 1,343 1,274
Technology and communications 94 90 187 183
Net occupancy expense 77 82 156 164
Equipment expense 34 32 68 64
Leasing business expense 33 33 68 68
Card and processing expense 20 29 50 60
Marketing expense 20 20 43 51
Other noninterest expense 237 208 454 457
Total noninterest expense 1,153 1,121 2,369 2,321
Income Before Income Taxes 911 244 1,794 304
Applicable income tax expense 202 49 391 61
Net Income 709 195 1,403 243
Dividends on preferred stock 35 32 55 50
Net Income Available to Common Shareholders $ 674 $ 163 $ 1,348 $ 193
Shares Disclosures        
Earnings per share - basic (in dollars per share) $ 0.95 $ 0.23 $ 1.89 $ 0.27
Earnings per share - diluted (in dollars per share) $ 0.94 $ 0.23 $ 1.87 $ 0.27
Average common shares outstanding - basic (in shares) 708,832,787 714,766,570 711,617,331 714,161,131
Average common shares outstanding - diluted (in shares) 718,084,745 717,571,890 720,740,176 718,967,293