XML 22 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME Unaudited - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Interest and fees on loans and leases $ 816 $ 795 $ 2,429 $ 2,355
Interest on securities 239 230 707 637
Interest on other short-term investments 2 1 6 7
Total interest income 1,057 1,026 3,142 2,999
Interest Expense        
Interest on deposits 51 44 151 140
Interest on federal funds purchased 0 0 2 0
Interest on other short-term borrowings 2 1 8 2
Interest on long-term debt 97 80 269 221
Total interest expense 150 125 430 363
Net Interest Income 907 901 2,712 2,636
Provision for loan and lease losses 80 156 289 305
Net Interest Income After Provision for Loan and Lease Losses 827 745 2,423 2,331
Noninterest Income        
Service charges on deposits 143 145 417 419
Corporate banking revenue 111 104 330 280
Wealth and asset management revenue 101 103 304 315
Card and processing revenue 79 77 240 225
Mortgage banking net revenue 66 71 219 274
Other noninterest income 336 213 552 378
Securities gains, net 4 0 13 9
Total noninterest income 840 713 2,075 1,900
Noninterest Expense        
Salaries, wages and incentives 400 387 1,209 1,139
Employee benefits 78 72 263 248
Net occupancy expense 73 77 226 238
Technology and communications 62 56 178 165
Card and processing expense 30 40 101 114
Equipment expense 29 31 89 92
Other noninterest expense 301 280 876 818
Total noninterest expense 973 943 2,942 2,814
Income (Loss) Before Income Taxes 694 515 1,556 1,417
Applicable income tax expense 178 134 385 367
Net Income (loss) 516 381 1,171 1,050
Less: Net income attributable to noncontrolling interests 0 0 (4) (6)
Net income attributable to Bancorp 516 381 1,175 1,056
Dividends on preferred stock 15 15 52 52
Net income (loss) available to common shareholders $ 501 $ 366 $ 1,123 $ 1,004
Earnings per share - basic $ 0.66 $ 0.46 $ 1.46 $ 1.24
Earnings per share - diluted $ 0.65 $ 0.45 $ 1.45 $ 1.22
Average common shares outstanding- basic 750,885,834 795,792,825 761,147,543 803,269,681
Average common shares oustanding - diluted 757,455,625 805,022,588 766,941,312 812,099,365
Common stock dividends declared per share $ 0.13 $ 0.13 $ 0.39 $ 0.39