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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Interest and fees on loans and leases $ 3,575 $ 2,292 $ 1,957
Interest and fees on loans held for sale 51 39 33
Interest on investment securities 247 198 121
Interest on trading securities 78 58 30
Interest on other earning assets 149 96 17
Total interest income 4,100 2,683 2,158
Interest expense:      
Interest on deposits 1,266 184 81
Interest on trading liabilities 12 12 6
Interest on short-term borrowings 210 23 5
Interest on term borrowings 72 72 72
Total interest expense 1,560 291 164
Net interest income 2,540 2,392 1,994
Provision (benefit) for credit losses 260 95 (310)
Net interest income after provision for credit losses 2,280 2,297 2,304
Noninterest income      
Deposit transactions and cash management 179 171 175
Fixed income 133 205 406
Brokerage, management fees and commissions 90 92 88
Card and digital banking fees 77 84 78
Other service charges and fees 54 54 44
Trust services and investment management 47 48 51
Mortgage banking and title income 23 68 154
Gain on merger termination 225 0 0
Securities gains (losses), net (4) 18 13
Other income 103 75 67
Total noninterest income 927 815 1,076
Noninterest expense      
Personnel expense 1,100 1,101 1,210
Net occupancy expense 123 128 137
Deposit insurance expense 122 32 24
Computer software 111 113 116
Operations services 87 87 80
Advertising and public relations 71 50 37
Contributions 61 7 14
Legal and professional fees 49 62 68
Contract employment and outsourcing 49 54 67
Amortization of intangible assets 47 51 56
Equipment expense 42 45 47
Communications and delivery 35 37 37
Impairment of long-lived assets 0 0 34
Other expense 182 186 169
Total noninterest expense 2,079 1,953 2,096
Income before income taxes 1,128 1,159 1,284
Income tax expense 212 247 274
Net income (loss) 916 912 1,010
Net income attributable to noncontrolling interest 19 12 11
Net income attributable to controlling interest 897 900 999
Preferred stock dividends 32 32 37
Net income available to common shareholders 865 868 962
Net income available to common shareholders $ 865 $ 868 $ 962
Basic earnings per share (in dollars per share) $ 1.58 $ 1.62 $ 1.76
Diluted earnings per share (in dollars per share) $ 1.54 $ 1.53 $ 1.74
Weighted average common shares (in shares) 548,410 535,033 546,354
Diluted average common shares (in shares) 561,732 566,004 551,241