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CONDENSED CONSOLIDATED STATEMENTS OF INCOME Unaudited - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income        
Interest and fees on loans and leases $ 782 $ 826 $ 1,560 $ 1,649
Interest on securities 219 181 407 349
Interest on other short-term investments 2 1 6 3
Total interest income 1,003 1,008 1,973 2,001
Interest Expense        
Interest on deposits 46 49 96 96
Interest on other short-term borrowings 1 1 1 1
Interest on long-term debt 69 58 142 111
Total interest expense 116 108 239 208
Net Interest Income 887 900 1,734 1,793
Provision for loan and lease losses 79 76 148 146
Net Interest Income After Provision for Loan and Lease Losses 808 824 1,586 1,647
Noninterest Income        
Service charges on deposits 139 139 274 272
Investment advisory revenue 105 102 212 204
Mortgage banking net revenue 117 78 203 187
Corporate banking revenue 113 107 176 211
Card and processing revenue 77 76 148 144
Other noninterest income 1 226 165 268
Securities gains, net 4 8 9 14
Total noninterest income 556 736 1,187 1,300
Noninterest Expense        
Salaries, wages and incentives 383 368 752 727
Employee benefits 78 79 176 180
Net occupancy expense 83 79 162 158
Technology and communications 54 52 109 105
Card and processing expense 38 37 74 68
Equipment expense 31 30 61 60
Other noninterest expense 280 309 537 605
Total noninterest expense 947 954 1,871 1,903
Income (Loss) Before Income Taxes 417 606 902 1,044
Applicable income tax expense 108 167 232 287
Net Income (loss) 309 439 670 757
Less: Net income attributable to noncontrolling interests (6)   (6) 1
Net income attributable to Bancorp 315 439 676 756
Dividends on preferred stock 23 23 38 32
Net income (loss) available to common shareholders $ 292 $ 416 $ 638 $ 724
Earnings per share - basic $ 0.36 $ 0.49 $ 0.78 $ 0.85
Earnings per share - diluted $ 0.36 $ 0.49 $ 0.77 $ 0.84
Average common shares - basic 803,965,057 838,492,046 807,070,071 842,155,702
Average common shares - diluted 812,842,540 848,245,111 815,741,295 853,057,618
Common stock dividends declared per share $ 0.13 $ 0.13 $ 0.26 $ 0.25