XML 21 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME Unaudited - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest Income        
Interest and fees on loans and leases $ 1,336 $ 996 $ 2,479 $ 1,933
Interest on securities 290 267 571 530
Interest on other short-term investments 10 6 19 11
Total interest income 1,636 1,269 3,069 2,474
Interest Expense        
Interest on deposits 243 119 449 215
Interest on federal funds purchased 8 5 20 7
Interest on other short-term borrowings 9 11 14 19
Interest on long-term debt 131 114 259 217
Total interest expense 391 249 742 458
Net Interest Income 1,245 1,020 2,327 2,016
Provision for credit losses 85 14 175 27
Net Interest Income After Provision for Credit Losses 1,160 1,006 2,152 1,989
Noninterest Income        
Service charges on deposits 143 137 274 275
Wealth and asset management revenue 122 108 234 221
Corporate banking revenue 137 120 249 208
Card and processing revenue 92 84 171 163
Mortgage banking net revenue 63 53 119 109
Other noninterest income 93 250 684 708
Securities gains (losses), net 8 (5) 25 (15)
Securities gains (losses), net - non-qualifying hedges on mortgage servcing rights 2 (4) 5 (17)
Total noninterest income 660 743 1,761 1,652
Noninterest Expense        
Salaries, wages and incentives 544 471 1,023 918
Employee benefits 97 78 228 188
Net occupancy expense 88 74 164 149
Technology and communications 136 67 219 135
Equipment expense 33 30 63 61
Card and processing expense 34 30 64 60
Other noninterest expense 311 251 580 500
Total noninterest expense 1,243 1,001 2,341 2,011
Income (Loss) Before Income Taxes 577 748 1,572 1,630
Applicable income tax expense 124 146 344 327
Net Income (loss) 453 602 1,228 1,303
Less: Net income attributable to noncontrolling interests 0 0 0 0
Net income attributable to Bancorp 453 602 1,228 1,303
Dividends on preferred stock 26 23 41 38
Net income (loss) available to common shareholders $ 427 $ 579 $ 1,187 $ 1,265
Earnings per share - basic $ 0.57 $ 0.84 $ 1.68 $ 1.82
Earnings per share - diluted $ 0.57 $ 0.82 $ 1.66 $ 1.79
Average common shares outstanding- basic 738,051,421 683,344,844 699,766,962 686,564,682
Average common shares oustanding - diluted 747,749,591 696,209,943 709,430,194 700,133,642