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CONDENSED CONSOLIDATED STATEMENTS OF INCOME Unaudited - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income    
Interest and fees on loans and leases $ 938 $ 839
Interest on securities 263 245
Interest on other short-term investments 5 2
Total interest income 1,206 1,086
Interest Expense    
Interest on deposits 95 59
Interest on federal funds purchased 2 1
Interest on other short-term borrowings 8 3
Interest on long-term debt 105 90
Total interest expense 210 153
Net Interest Income 996 933
Provision for loan and lease losses 23 74
Net Interest Income After Provision for Loan and Lease Losses 973 859
Noninterest Income    
Service charges on deposits 137 138
Wealth and asset management revenue 113 108
Corporate banking revenue 88 74
Card and processing revenue 79 74
Mortgage banking net revenue 56 52
Other noninterest income 460 77
Securities gains (losses), net (11) 0
Securities gains (losses), net - non-qualifying hedges on mortgage servcing rights (13) 0
Total noninterest income 909 523
Noninterest Expense    
Salaries, wages and incentives 447 411
Employee benefits 110 111
Net occupancy expense 75 78
Technology and communications 68 58
Equipment expense 31 28
Card and processing expense 29 30
Other noninterest expense 286 270
Total noninterest expense 1,046 986
Income (Loss) Before Income Taxes 836 396
Applicable income tax expense 132 91
Net Income (loss) 704 305
Less: Net income attributable to noncontrolling interests 0 0
Net income attributable to Bancorp 704 305
Dividends on preferred stock 15 15
Net income (loss) available to common shareholders $ 689 $ 290
Earnings per share - basic $ 0.99 $ 0.38
Earnings per share - diluted $ 0.97 $ 0.38
Average common shares outstanding- basic 689,820,295 747,667,521
Average common shares oustanding - diluted 704,100,936 760,809,239
Common stock dividends declared per share $ 0.16 $ 0.14