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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income      
Interest and fees on loans and leases $ 1,722 $ 1,394 $ 1,286
Interest and fees on loans held for sale 30 31 45
Interest on securities available for sale 104 120 130
Interest on trading securities 35 47 59
Interest on other earning assets 7 32 26
Total interest income 1,898 1,624 1,546
Interest expense:      
Interest on deposits 152 307 217
Interest on trading liabilities 6 13 19
Interest on short-term borrowings 14 41 37
Interest on term borrowings 64 53 53
Total interest expense 236 414 326
Net interest income 1,662 1,210 1,220
Provision for credit losses 503 45 8
Net interest income after provision for credit losses 1,159 1,165 1,212
Noninterest income      
Fixed income 423 279 168
Deposit transactions and cash management 148 132 133
Mortgage banking and title income 129 10 11
Brokerage, management fees and commissions 66 55 55
Trust services and investment management 39 30 30
Bankcard income 37 28 29
Securities gains (losses), net (6) 0 213
Purchase accounting gain 533 0 0
Other income 123 120 84
Total noninterest income 1,492 654 723
Noninterest expense      
Personnel expense 1,033 695 658
Net occupancy expense 116 80 85
Computer software 85 61 61
Legal and professional fees 84 72 57
Operations services 56 46 56
Contributions 41 11 1
Equipment expense 42 34 39
Amortization of intangible assets 40 25 26
Communications and delivery 31 25 30
Advertising and public relations 18 34 25
Other expense 172 150 183
Total noninterest expense 1,718 1,233 1,221
Income before income taxes 933 586 714
Income tax expense 76 134 157
Net income 857 452 557
Net income attributable to noncontrolling interest 12 11 12
Net income attributable to controlling interest 845 441 545
Preferred stock dividends 23 6 6
Net income available to common shareholders $ 822 $ 435 $ 539
Basic earnings per share (in dollars per share) $ 1.90 $ 1.39 $ 1.66
Diluted earnings per share (in dollars per share) $ 1.89 $ 1.38 $ 1.65
Weighted average common shares (in shares) 432,125 313,637 324,375
Diluted average common shares (in shares) 433,954 315,657 327,445