XML 40 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest Income      
Interest and fees on loans and leases $ 3,233 $ 3,151 $ 3,298
Interest on securities 952 869 724
Interest on other short-term investments 8 8 8
Total interest income 4,193 4,028 4,030
Interest Expense      
Interest on deposits 205 186 202
Interest on federal funds purchased 2 1 0
Interest on other short-term borrowings 10 2 2
Interest on long-term debt 361 306 247
Total interest expense 578 495 451
Net Interest Income 3,615 3,533 3,579
Provision for loan and lease losses 343 396 315
Net Interest Income After Provision for Loan and Lease Losses 3,272 3,137 3,264
Noninterest Income:      
Service charges on deposits 558 563 560
Corporate banking revenue 432 384 430
Wealth and asset management revenue 404 418 407
Card and processing revenue 319 302 295
Mortgage banking net revenue 285 348 310
Other noninterest income 688 979 450
Securities gains, net 10 9 21
Total noninterest income 2,696 3,003 2,473
Noninterest Expense      
Salaries, wages and incentives 1,612 1,525 1,449
Employee benefits 339 323 334
Net occupancy expense 299 321 313
Technology and communications 234 224 212
Card and processing expense 132 153 141
Equipment expense 118 124 121
Other noninterest expense 1,169 1,105 1,139
Total noninterest expense 3,903 3,775 3,709
Income (Loss) Before Income Taxes 2,065 2,365 2,028
Applicable income tax expense 505 659 545
Net Income 1,560 1,706 1,483
Less: Net income attributable to noncontrolling interests (4) (6) 2
Net Income attributable to Bancorp 1,564 1,712 1,481
Dividends on preferred stock 75 75 67
Net income (loss) available to common shareholders $ 1,489 $ 1,637 $ 1,414
Earnings per share - basic $ 1.95 $ 2.03 $ 1.68
Earnings per share - diluted $ 1.93 $ 2.01 $ 1.66
Average common shares outstanding - basic 757,432,291 798,628,173 833,116,349
Average common shares outstanding - diluted 764,495,353 807,658,669 842,967,356
Cash dividends declared per common share $ 0.53 $ 0.52 $ 0.51