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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Loans and leases, including fees $ 221 $ 221
Securities:    
Taxable 24 22
Tax-exempt 7 8
Other 2 0
Total Interest Income 254 251
Interest Expense    
Deposits 8 15
Short-term borrowings 6 7
Long-term borrowings 6 6
Total Interest Expense 20 28
Net Interest Income 234 223
Provision for credit losses 18 6
Net Interest Income After Provision for Credit Losses 216 217
Non-Interest Income    
Service charges 31 28
Trust services 10 9
Insurance commissions and fees 8 7
Securities commissions and fees 6 6
Capital markets income 7 8
Mortgage banking operations 7 16
Dividends on non-marketable equity securities 2 2
Bank owned life insurance 3 3
Other 4 4
Total Non-Interest Income 78 83
Non-Interest Expense    
Salaries and employee benefits 112 107
Net occupancy 18 16
Equipment 18 17
Amortization of intangibles 3 3
Outside services 17 17
Marketing 3 3
FDIC insurance 5 5
Bank shares and franchise taxes 4 4
Merger-related 29 0
Other 18 13
Total Non-Interest Expense 227 185
Income Before Income Taxes 67 115
Income taxes 14 22
Net Income 53 93
Preferred stock dividends 2 2
Net income available to common stockholders 51 91
Net income available to common stockholders $ 51 $ 91
Earnings per Common Share    
Basic (in dollars per share) $ 0.15 $ 0.28
Diluted (in dollars per share) $ 0.15 $ 0.28