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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest Income        
Loans and leases, including fees $ 224 $ 245 $ 445 $ 511
Securities:        
Taxable 21 28 43 59
Tax-exempt 7 8 15 16
Other 1 0 1 1
Total Interest Income 253 281 504 587
Interest Expense        
Deposits 12 35 27 84
Short-term borrowings 7 8 14 22
Long-term borrowings 6 9 12 20
Total Interest Expense 25 52 53 126
Net Interest Income 228 229 451 461
Provision for credit losses (1) 30 5 78
Net Interest Income After Provision for Credit Losses 229 199 446 383
Non-Interest Income        
Service charges 30 24 58 54
Trust services 9 7 18 15
Insurance commissions and fees 6 5 13 12
Securities commissions and fees 6 3 12 8
Capital markets income 7 13 15 24
Mortgage banking operations 7 17 23 16
Dividends on non-marketable equity securities 3 3 5 8
Bank owned life insurance 5 4 8 7
Other 7 1 11 2
Total Non-Interest Income 80 77 163 146
Non-Interest Expense        
Salaries and employee benefits 102 94 209 198
Net occupancy 16 14 32 35
Equipment 17 16 34 32
Amortization of intangibles 3 4 6 7
Outside services 19 17 36 34
FDIC insurance 4 5 9 11
Bank shares and franchise taxes 4 4 8 8
Other 17 22 33 46
Total Non-Interest Expense 182 176 367 371
Income Before Income Taxes 127 100 242 158
Income taxes 25 16 47 27
Net Income 102 84 195 131
Preferred stock dividends 2 2 4 4
Net income available to common stockholders $ 100 $ 82 $ 191 $ 127
Earnings per Common Share        
Basic (in dollars per share) $ 0.31 $ 0.25 $ 0.60 $ 0.39
Diluted (in dollars per share) $ 0.31 $ 0.25 $ 0.59 $ 0.39