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Consolidated Statement of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Loans and leases, including fees $ 8,021 $ 5,237 $ 3,749
Investment securities      
Fully taxable 773 448 141
Exempt from federal taxes 66 51  
Deposits at banks 1,360 509 48
Other 4 2 1
Total interest income 10,224 6,247 3,939
Interest expense      
Savings and interest-checking deposits 1,746 271 33
Time deposits 671 24 19
Short-term borrowings 292 19  
Long-term borrowings 400 111 62
Total interest expense 3,109 425 114
Net interest income 7,115 5,822 3,825
Provision for credit losses 645 517 (75)
Net interest income after provision for credit losses 6,470 5,305 3,900
Other income      
Brokerage services income 102 88 63
Trading account and other non-hedging derivative gains 49 27 24
Gain (loss) on bank investment securities 4 (6) (21)
Other revenues from operations 809 703 483
Total other income 2,528 2,357 2,167
Other expense      
Salaries and employee benefits 2,997 2,787 2,046
Equipment and net occupancy 520 474 327
Outside data processing and software 437 376 292
Professional and other services 413 509 379
FDIC assessments 315 90 70
Advertising and marketing 108 90 64
Amortization of core deposit and other intangible assets 62 56 10
Other costs of operations 527 668 424
Total other expense 5,379 5,050 3,612
Income before taxes 3,619 2,612 2,455
Income taxes 878 620 596
Net income 2,741 1,992 1,859
Net income available to common shareholders      
Basic 2,636 1,891 1,777
Diluted $ 2,636 $ 1,891 $ 1,777
Net income per common share      
Basic $ 15.85 $ 11.59 $ 13.81
Diluted $ 15.79 $ 11.53 $ 13.8
Mortgage Banking Revenues [Member]      
Other income      
Revenue from contract with customer $ 409 $ 357 $ 571
Service Charges on Deposit Accounts [Member]      
Other income      
Revenue from contract with customer 475 447 402
Trust Income [Member]      
Other income      
Revenue from contract with customer $ 680 $ 741 $ 645