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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest Income      
Loans and leases, including fees $ 1,754 $ 1,117 $ 886
Securities:      
Taxable 150 117 86
Tax-exempt 28 27 29
Other 41 24 4
Total Interest Income 1,973 1,285 1,005
Interest Expense      
Deposits 495 108 47
Short-term borrowings 78 25 27
Long-term borrowings 83 32 24
Total Interest Expense 656 165 98
Net Interest Income 1,317 1,120 907
Provision for credit losses 72 64 1
Net Interest Income After Provision for Credit Losses 1,245 1,056 906
Non-Interest Income      
Service charges 82 86 74
Interchange and card transaction fees 52 51 48
Trust services 43 39 37
Insurance commissions and fees 23 24 25
Securities commissions and fees 28 24 22
Capital markets income 27 35 37
Mortgage banking operations 21 21 37
Dividends on non-marketable equity securities 21 12 9
Bank owned life insurance 12 12 15
Net securities gains (losses) (67) 0 0
Other 12 19 26
Total Non-Interest Income 254 323 330
Non-Interest Expense      
Salaries and employee benefits 462 426 418
Net occupancy 70 68 58
Equipment 91 76 70
Amortization of intangibles 20 14 12
Outside services 84 73 71
Marketing 17 16 14
FDIC insurance 61 20 18
Bank shares and franchise taxes 14 14 13
Merger-related 2 45 2
Other 94 74 57
Total Non-Interest Expense 915 826 733
Income Before Income Taxes 584 553 503
Income taxes 99 114 98
Net Income 485 439 405
Preferred stock dividends 8 8 8
Net Income Available to Common Stockholders 477 431 397
Net Income Available to Common Stockholders $ 477 $ 431 $ 397
Earnings per Common Share      
Basic (USD per share) $ 1.32 $ 1.23 $ 1.24
Diluted (USD per share) $ 1.31 $ 1.22 $ 1.23