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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Interest and fees on loans and leases $ 983 $ 1,030
Interest on securities 294 264
Interest on other short-term investments 12 8
Total interest income 1,289 1,302
Interest Expense    
Interest on deposits 11 21
Interest on other short-term borrowings 0 1
Interest on long-term debt 83 104
Total interest expense 94 126
Net Interest Income 1,195 1,176
Provision for (benefit from) credit losses 45 (173)
Net Interest Income After Provision for (Benefit from) Credit Losses 1,150 1,349
Noninterest Income    
Service charges on deposits 152 144
Wealth and asset management revenue 149 143
Commercial banking revenue 135 153
Card and processing revenue 97 94
Leasing business revenue 62 87
Mortgage banking net revenue 52 85
Other noninterest income 52 42
Securities (losses) gains, net (14) 3
Securities losses, net – non-qualifying hedges on mortgage servicing rights (1) (2)
Total noninterest income 684 749
Noninterest Expense    
Compensation and benefits 711 706
Technology and communications 101 93
Net occupancy expense 77 79
Equipment expense 36 34
Leasing business expense 32 35
Marketing expense 24 23
Card and processing expense 19 30
Other noninterest expense 222 215
Total noninterest expense 1,222 1,215
Income Before Income Taxes 612 883
Applicable income tax expense 118 189
Net Income 494 694
Dividends on preferred stock 20 20
Net Income Available to Common Shareholders $ 474 $ 674
Shares Disclosures    
Earnings per share - basic (in dollars per share) $ 0.69 $ 0.94
Earnings per share - diluted (in dollars per share) $ 0.68 $ 0.93
Average common shares outstanding - basic (in shares) 687,537,989 714,432,813
Average common shares outstanding - diluted (in shares) 696,242,395 723,425,111