XML 20 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME Unaudited - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Interest and fees on loans and leases $ 1,143 $ 938
Interest on securities 281 263
Interest on other short-term investments 9 5
Total interest income 1,433 1,206
Interest Expense    
Interest on deposits 205 95
Interest on federal funds purchased 12 2
Interest on other short-term borrowings 6 8
Interest on long-term debt 128 105
Total interest expense 351 210
Net Interest Income 1,082 996
Provision for credit losses 90 13
Net Interest Income After Provision for Credit Losses 992 983
Noninterest Income    
Service charges on deposits 131 137
Wealth and asset management revenue 112 113
Corporate banking revenue 112 88
Card and processing revenue 79 79
Mortgage banking net revenue 56 56
Other noninterest income 592 [1] 460 [2]
Securities gains (losses), net 16 (11)
Securities gains (losses), net - non-qualifying hedges on mortgage servcing rights 3 (13)
Total noninterest income 1,101 909
Noninterest Expense    
Salaries, wages and incentives 479 447
Employee benefits 131 110
Net occupancy expense 75 75
Technology and communications 83 68
Equipment expense 30 31
Card and processing expense 31 29
Other noninterest expense 268 250
Total noninterest expense 1,097 1,010
Income (Loss) Before Income Taxes 996 882
Applicable income tax expense 221 181
Net Income (loss) 775 701
Less: Net income attributable to noncontrolling interests 0 0
Net income attributable to Bancorp 775 701
Dividends on preferred stock 15 15
Net income (loss) available to common shareholders $ 760 $ 686
Earnings per share - basic $ 1.14 $ 0.98
Earnings per share - diluted $ 1.12 $ 0.96
Average common shares outstanding- basic 661,057,120 689,820,295
Average common shares oustanding - diluted 670,685,025 704,100,936
[1]

Includes impairment charges of $ 20 for branches and land. For more information refer to Note 8 and Note 25 .

[2]
  • Includes impairment charges of $ 8 for branches and land. For more information refer to Note 8 and Note 25 .