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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest Income      
Interest and fees on loans and leases $ 4,954 $ 4,079 $ 4,424
Interest on securities 1,517 1,090 1,119
Interest on other short-term investments 116 42 29
Total interest income 6,587 5,211 5,572
Interest Expense      
Interest on deposits 447 59 322
Interest on federal funds purchased 6 0 2
Interest on other short-term borrowings 108 2 14
Interest on long-term debt 417 380 452
Total interest expense 978 441 790
Net Interest Income 5,609 4,770 4,782
Provision for (benefit from) credit losses 563 (377) 1,097
Net Interest Income After Provision for (Benefit from) Credit Losses 5,046 5,147 3,685
Noninterest Income      
Service charges on deposits 589 600 559
Wealth and asset management revenue 570 586 520
Commercial banking revenue 565 637 528
Card and processing revenue 409 402 352
Leasing business revenue 237 300 276
Mortgage banking net revenue 215 270 320
Other noninterest income 265 332 211
Securities (losses) gains, net (82) (7) 62
Securities (losses) gains, net - non-qualifying hedges on mortgage servicing rights (2) (2) 2
Total noninterest income 2,766 3,118 2,830
Noninterest Expense      
Compensation and benefits 2,554 2,626 2,590
Technology and communications 416 388 362
Net occupancy expense 307 312 350
Equipment expense 145 138 130
Leasing business expense 131 137 140
Marketing expense 118 107 104
Card and processing expense 80 89 121
Other noninterest expense 968 951 921
Total noninterest expense 4,719 4,748 4,718
Income (loss) before income taxes 3,093 3,517 1,797
Applicable income tax expense 647 747 370
Net Income 2,446 2,770 1,427
Dividends on preferred stock 116 111 104
Net Income Available to Common Shareholders $ 2,330 $ 2,659 $ 1,323
Shares Disclosures      
Earnings per share - basic (in dollars per share) $ 3.38 $ 3.78 $ 1.84
Earnings per share - diluted (in dollars per share) $ 3.35 $ 3.73 $ 1.83
Average common shares outstanding - basic (in shares) 688,633,659 702,188,552 714,729,585
Average common shares outstanding - diluted (in shares) 694,952,038 711,197,805 719,735,415