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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest Income      
Interest and fees on loans and leases $ 3,151 $ 3,298 $ 3,447
Interest on securities 869 724 520
Interest on other short-term investments 8 8 6
Total interest income 4,028 4,030 3,973
Interest Expense      
Interest on deposits 186 202 202
Interest on federal funds purchased 1    
Interest on long-term debt 306 247 204
Interest on other short-term borrowings 2 2 6
Total interest expense 495 451 412
Net Interest Income 3,533 3,579 3,561
Provision for loan and lease losses 396 315 229
Net Interest Income After Provision for Loan and Lease Losses 3,137 3,264 3,332
Noninterest Income:      
Service charges on deposits 563 560 549
Investment advisory revenue 418 407 393
Corporate banking revenue 384 430 400
Mortgage banking net revenue 348 310 700
Card and processing revenue 302 295 272
Other noninterest income 979 450 879
Securities gains, net 9 21 21
Securities gains, net - non-qualifying hedges on mortgage servicing rights     13
Total noninterest income 3,003 2,473 3,227
Noninterest Expense      
Salaries, wages and incentives 1,525 1,449 1,581
Employee benefits 323 334 357
Net occupancy expense 321 313 307
Technology and communications 224 212 204
Card and processing expense 153 141 134
Equipment expense 124 121 114
Other noninterest expense 1,105 1,139 1,264
Total noninterest expense 3,775 3,709 3,961
Income (Loss) Before Income Taxes 2,365 2,028 2,598
Applicable income tax expense 659 545 772
Net Income 1,706 1,483 1,826
Less: Net income attributable to noncontrolling interests (6) 2 (10)
Net Income attributable to Bancorp 1,712 1,481 1,836
Dividends on preferred stock 75 67 37
Net income (loss) available to common shareholders $ 1,637 $ 1,414 $ 1,799
Earnings per share - basic $ 2.03 $ 1.68 $ 2.05
Earnings per share - diluted $ 2.01 $ 1.66 $ 2.02
Average common shares outstanding - basic 798,628,173 833,116,349 869,462,977
Average common shares outstanding - diluted 807,658,669 842,967,356 894,736,445
Cash dividends declared per common share $ 0.52 $ 0.51 $ 0.47