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CONDENSED CONSOLIDATED STATEMENTS OF INCOME Unaudited - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest Income        
Interest and fees on loans and leases $ 808 $ 782 $ 1,613 $ 1,560
Interest on securities 236 219 468 407
Interest on other short-term investments 2 2 4 6
Total interest income 1,046 1,003 2,085 1,973
Interest Expense        
Interest on deposits 50 46 99 96
Interest on federal funds purchased 1   1  
Interest on other short-term borrowings 3 1 7 1
Interest on long-term debt 90 69 173 142
Total interest expense 144 116 280 239
Net Interest Income 902 887 1,805 1,734
Provision for loan and lease losses 91 79 210 148
Net Interest Income After Provision for Loan and Lease Losses 811 808 1,595 1,586
Noninterest Income        
Service charges on deposits 138 139 274 274
Corporate banking revenue 117 113 219 176
Wealth and asset management revenue 101 105 203 212
Card and processing revenue 82 77 161 148
Mortgage banking net revenue 75 117 154 203
Other noninterest income 80 1 215 165
Securities gains, net 6 4 9 9
Total noninterest income 599 556 1,235 1,187
Noninterest Expense        
Salaries, wages and incentives 407 383 810 752
Employee benefits 85 78 185 176
Net occupancy expense 75 83 152 162
Technology and communications 60 54 116 109
Card and processing expense 37 38 72 74
Equipment expense 30 31 60 61
Other noninterest expense 289 280 573 537
Total noninterest expense 983 947 1,968 1,871
Income (Loss) Before Income Taxes 427 417 862 902
Applicable income tax expense 98 108 206 232
Net Income (loss) 329 309 656 670
Less: Net income attributable to noncontrolling interests (4) (6) (4) (6)
Net income attributable to Bancorp 333 315 660 676
Dividends on preferred stock 23 23 38 38
Net income (loss) available to common shareholders $ 310 $ 292 $ 622 $ 638
Earnings per share - basic $ 0.4 $ 0.36 $ 0.8 $ 0.78
Earnings per share - diluted $ 0.4 $ 0.36 $ 0.8 $ 0.77
Average common shares outstanding- basic 759,105,385 803,965,057 766,334,781 807,070,071
Average common shares oustanding - diluted 765,080,097 812,842,540 771,736,275 815,741,295
Common stock dividends declared per share $ 0.13 $ 0.13 $ 0.26 $ 0.26