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CONDENSED CONSOLIDATED STATEMENTS OF INCOME Unaudited - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest Income    
Interest and fees on loans and leases $ 804 $ 778
Interest on securities 232 188
Interest on other short-term investments 2 4
Total interest income 1,038 970
Interest Expense    
Interest on deposits 49 50
Interest on federal funds purchased 1  
Interest on other short-term borrowings 3  
Interest on long-term debt 82 73
Total interest expense 135 123
Net Interest Income 903 847
Provision for loan and lease losses 119 69
Net Interest Income After Provision for Loan and Lease Losses 784 778
Noninterest Income    
Service charges on deposits 137 135
Investment advisory revenue 102 108
Corporate banking revenue 102 63
Card and processing revenue 79 71
Mortgage banking net revenue 78 86
Other noninterest income 136 163
Securities gains, net 3 4
Total noninterest income 637 630
Noninterest Expense    
Salaries, wages and incentives 403 369
Employee benefits 100 99
Net occupancy expense 77 79
Technology and communications 56 55
Card and processing expense 35 36
Equipment expense 30 31
Other noninterest expense 285 254
Total noninterest expense 986 923
Income (Loss) Before Income Taxes 435 485
Applicable income tax expense 108 124
Net Income (loss) 327 361
Net income attributable to Bancorp 327 361
Dividends on preferred stock 15 15
Net income (loss) available to common shareholders $ 312 $ 346
Earnings per share - basic $ 0.40 $ 0.42
Earnings per share - diluted $ 0.40 $ 0.42
Average common shares outstanding- basic 773,564,178 810,209,585
Average common shares oustanding - diluted 778,392,453 818,672,259
Common stock dividends declared per share $ 0.13 $ 0.13