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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest Income        
Loans and leases, including fees $ 276 $ 258 $ 545 $ 497
Securities:        
Taxable 32 29 65 56
Tax-exempt 8 6 16 13
Other 1 1 1 1
Total Interest Income 317 294 627 567
Interest Expense        
Deposits 55 30 105 57
Short-term borrowings 22 19 48 34
Long-term borrowings 10 5 13 10
Total Interest Expense 87 54 166 101
Net Interest Income 230 240 461 466
Provision for credit losses 11 16 25 30
Net Interest Income After Provision for Credit Losses 219 224 436 436
Non-Interest Income        
Service charges 32 31 62 61
Trust services 7 6 14 13
Insurance commissions and fees 4 5 9 10
Securities commissions and fees 5 5 9 9
Capital markets income 10 6 16 11
Mortgage banking operations 8 5 12 11
Dividends on non-marketable equity securities 4 4 9 8
Bank owned life insurance 3 3 6 6
Other 2 0 3 3
Total Non-Interest Income 75 65 140 132
Non-Interest Expense        
Salaries and employee benefits 95 99 186 188
Net occupancy 16 16 31 32
Equipment 15 13 30 27
Amortization of intangibles 3 4 7 8
Outside services 16 17 31 32
FDIC insurance 6 9 12 18
Bank shares and franchise taxes 3 4 6 7
Other 21 21 38 42
Total Non-Interest Expense 175 183 341 354
Income Before Income Taxes 119 106 235 214
Income taxes 24 21 46 42
Net Income 95 85 189 172
Preferred stock dividends 2 2 4 4
Net Income Available to Common Stockholders $ 93 $ 83 $ 185 $ 168
Earnings per Common Share        
Basic (in USD per share) $ 0.29 $ 0.26 $ 0.57 $ 0.52
Diluted (in USD per share) $ 0.29 $ 0.26 $ 0.57 $ 0.52