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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest Income      
Interest and fees on loans and leases $ 3,478 $ 3,233 $ 3,151
Interest on securities 996 952 869
Interest on other short-term investments 15 8 8
Total interest income 4,489 4,193 4,028
Interest Expense      
Interest on deposits 277 205 186
Interest on federal funds purchased 6 2 1
Interest on other short-term borrowings 30 10 2
Interest on long-term debt 378 361 306
Total interest expense 691 578 495
Net Interest Income 3,798 3,615 3,533
Provision for loan and lease losses 261 343 396
Net Interest Income After Provision for Loan and Lease Losses 3,537 3,272 3,137
Noninterest Income:      
Service charges on deposits 554 558 563
Wealth and asset management revenue 419 404 418
Corporate banking revenue 353 432 384
Card and processing revenue 313 319 302
Mortgage banking net revenue 224 285 348
Other noninterest income 1,357 688 979
Securities gains, net 2 10 9
Securities gains, net - non-qualifying hedges on mortgage servicing rights 2 0 0
Total noninterest income 3,224 2,696 3,003
Noninterest Expense      
Salaries, wages and incentives 1,633 1,612 1,525
Employee benefits 356 339 323
Net occupancy expense 295 299 321
Technology and communications 245 234 224
Card and processing expense 129 132 153
Equipment expense 117 118 124
Other noninterest expense 1,215 1,169 1,105
Total noninterest expense 3,990 3,903 3,775
Income (Loss) Before Income Taxes 2,771 2,065 2,365
Applicable income tax expense 577 505 659
Net Income 2,194 1,560 1,706
Less: Net income attributable to noncontrolling interests 0 (4) (6)
Net Income attributable to Bancorp 2,194 1,564 1,712
Dividends on preferred stock 75 75 75
Net income (loss) available to common shareholders $ 2,119 $ 1,489 $ 1,637
Earnings per share - basic $ 2.88 $ 1.95 $ 2.03
Earnings per share - diluted $ 2.83 $ 1.93 $ 2.01
Average common shares outstanding - basic 728,289,200 757,432,291 798,628,173
Average common shares outstanding - diluted 740,691,433 764,495,353 807,658,669
Cash dividends declared per common share $ 0.6 $ 0.53 $ 0.52