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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Loans and leases, including fees $ 2,097 $ 1,850
Investment securities    
Fully taxable 212 181
Exempt from federal taxes 16 17
Deposits at banks 419 278
Other 1 1
Total interest income 2,745 2,327
Interest expense    
Savings and interest-checking deposits 615 277
Time deposits 225 89
Short-term borrowings 84 58
Long-term borrowings 141 85
Total interest expense 1,065 509
Net interest income 1,680 1,818
Provision for credit losses 200 120
Net interest income after provision for credit losses 1,480 1,698
Other income    
Brokerage services income 29 24
Trading account and other non-hedging derivative gains 9 12
Gain (loss) on bank investment securities 2  
Other revenues from operations 152 159
Total other income 580 587
Other expense    
Salaries and employee benefits 833 808
Equipment and net occupancy 129 127
Outside data processing and software 120 106
Professional and other services 85 125
FDIC assessments 60 30
Advertising and marketing 20 31
Amortization of core deposit and other intangible assets 15 17
Other costs of operations 134 115
Total other expense 1,396 1,359
Income before taxes 664 926
Income taxes 133 224
Net income 531 702
Net income available to common shareholders    
Basic 505 676
Diluted $ 505 $ 676
Net income per common share    
Basic $ 3.04 $ 4.03
Diluted $ 3.02 $ 4.01
Average common shares outstanding    
Basic 166,460 167,732
Diluted 167,084 168,410
Mortgage Banking Revenues [Member]    
Other income    
Revenue from contract with customer $ 104 $ 85
Service Charges on Deposit Accounts [Member]    
Other income    
Revenue from contract with customer 124 113
Trust Income [Member]    
Other income    
Revenue from contract with customer $ 160 $ 194