XML 36 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest Income      
Interest and fees on loans and leases $ 4,079 $ 4,424 $ 5,051
Interest on securities 1,090 1,119 1,162
Interest on other short-term investments 42 29 41
Total interest income 5,211 5,572 6,254
Interest Expense      
Interest on deposits 59 322 892
Interest on federal funds purchased 0 2 29
Interest on other short-term borrowings 2 14 28
Interest on long-term debt 380 452 508
Total interest expense 441 790 1,457
Net Interest Income 4,770 4,782 4,797
(Benefit from) provision for credit losses (377) 1,097 471
Net Interest Income After (Benefit from) Provision for Credit Losses 5,147 3,685 4,326
Noninterest Income      
Commercial banking revenue 637 528 460
Service charges on deposits 600 559 565
Wealth and asset management revenue 586 520 487
Card and processing revenue 402 352 360
Leasing business revenue 300 276 270
Mortgage banking net revenue 270 320 287
Other noninterest income 332 211 1,064
Securities (losses) gains, net (7) 62 40
Securities (losses) gains, net - non-qualifying hedges on mortgage servicing rights (2) 2 3
Total noninterest income 3,118 2,830 3,536
Noninterest Expense      
Compensation and benefits 2,626 2,590 2,418
Technology and communications 388 362 422
Net occupancy expense 312 350 332
Equipment expense 138 130 129
Leasing business expense 137 140 133
Marketing expense 107 104 162
Card and processing expense 89 121 130
Other noninterest expense 951 921 934
Total noninterest expense 4,748 4,718 4,660
Income before income taxes 3,517 1,797 3,202
Applicable income tax expense 747 370 690
Net Income 2,770 1,427 2,512
Dividends on preferred stock 111 104 93
Net Income Available to Common Shareholders $ 2,659 $ 1,323 $ 2,419
Shares Disclosures      
Earnings per share - basic (in dollars per share) $ 3.78 $ 1.84 $ 3.38
Earnings per share - diluted (in dollars per share) $ 3.73 $ 1.83 $ 3.33
Average common shares outstanding - basic (in shares) 702,188,552 714,729,585 710,433,611
Average common shares outstanding - diluted (in shares) 711,197,805 719,735,415 720,065,498