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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest Income        
Loans and leases, including fees $ 245 $ 276 $ 511 $ 545
Securities:        
Taxable 28 32 59 65
Tax-exempt 8 8 16 16
Other 0 1 1 1
Total Interest Income 281 317 587 627
Interest Expense        
Deposits 35 55 84 105
Short-term borrowings 8 22 22 48
Long-term borrowings 9 10 20 13
Total Interest Expense 52 87 126 166
Net Interest Income 229 230 461 461
Provision for credit losses 30 11 78 25
Net Interest Income After Provision for Credit Losses 199 219 383 436
Non-Interest Income        
Service charges 24 32 54 62
Trust services 7 7 15 14
Insurance commissions and fees 5 4 12 9
Securities commissions and fees 3 5 8 9
Capital markets income 13 10 24 16
Mortgage banking operations 17 8 16 12
Dividends on non-marketable equity securities 3 4 8 9
Bank owned life insurance 4 3 7 6
Other 1 2 2 3
Total Non-Interest Income 77 75 146 140
Non-Interest Expense        
Salaries and employee benefits 94 95 198 186
Net occupancy 14 16 35 31
Equipment 16 15 32 30
Amortization of intangibles 4 3 7 7
Outside services 17 16 34 31
FDIC insurance 5 6 11 12
Bank shares and franchise taxes 4 3 8 6
Other 22 21 46 38
Total Non-Interest Expense 176 175 371 341
Income Before Income Taxes 100 119 158 235
Income taxes 16 24 27 46
Net Income 84 95 131 189
Preferred stock dividends 2 2 4 4
Net Income Available to Common Stockholders $ 82 $ 93 $ 127 $ 185
Earnings per Common Share        
Basic (in USD per share) $ 0.25 $ 0.29 $ 0.39 $ 0.57
Diluted (in USD per share) $ 0.25 $ 0.29 $ 0.39 $ 0.57