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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest Income        
Loans and leases, including fees $ 297 $ 226 $ 760 $ 671
Securities:        
Taxable 31 22 82 65
Tax-exempt 7 7 20 22
Other 8 1 15 2
Total Interest Income 343 256 877 760
Interest Expense        
Deposits 31 11 54 38
Short-term borrowings 6 7 17 21
Long-term borrowings 9 6 21 18
Total Interest Expense 46 24 92 77
Net Interest Income 297 232 785 683
Provision for credit losses 12 (2) 36 3
Net Interest Income After Provision for Credit Losses 285 234 749 680
Non-Interest Income        
Service charges 36 31 102 89
Trust services 10 10 30 28
Insurance commissions and fees 6 7 20 20
Securities commissions and fees 6 5 18 17
Capital markets income 10 12 25 27
Mortgage banking operations 5 8 18 31
Dividends on non-marketable equity securities 3 2 8 7
Bank owned life insurance 2 3 9 11
Other 5 10 13 21
Total Non-Interest Income 83 88 243 251
Non-Interest Expense        
Salaries and employee benefits 107 105 323 314
Net occupancy 16 13 50 45
Equipment 20 18 56 52
Amortization of intangibles 3 3 10 9
Outside services 19 18 53 54
Marketing 3 4 11 11
FDIC insurance 5 4 15 13
Bank shares and franchise taxes 4 3 12 11
Merger-related 2 1 33 1
Other 16 15 52 41
Total Non-Interest Expense 195 184 615 551
Income Before Income Taxes 173 138 377 380
Income taxes 35 27 77 74
Net Income 138 111 300 306
Preferred stock dividends 2 2 6 6
Net income available to common stockholders 136 109 294 300
Net income available to common stockholders $ 136 $ 109 $ 294 $ 300
Earnings per Common Share        
Basic (in dollars per share) $ 0.39 $ 0.34 $ 0.84 $ 0.94
Diluted (in dollars per share) $ 0.38 $ 0.34 $ 0.83 $ 0.93