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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest Income    
Loans and leases, including fees $ 481 $ 394
Securities:    
Taxable 46 36
Tax-exempt 7 7
Other 9 7
Total Interest Income 543 444
Interest Expense    
Deposits 170 84
Short-term borrowings 28 10
Long-term borrowings 26 13
Total Interest Expense 224 107
Net Interest Income 319 337
Provision for credit losses 14 14
Net Interest Income After Provision for Credit Losses 305 323
Non-Interest Income    
Service charges 21 20
Interchange and card transaction fees 13 12
Trust services 11 11
Insurance commissions and fees 7 8
Securities commissions and fees 8 7
Capital markets income 6 7
Mortgage banking operations 8 5
Dividends on non-marketable equity securities 6 4
Bank owned life insurance 3 3
Other 5 2
Total Non-Interest Income 88 79
Non-Interest Expense    
Salaries and employee benefits 129 120
Net occupancy 20 17
Equipment 24 22
Amortization of intangibles 4 5
Outside services 23 20
Marketing 5 4
FDIC insurance 13 7
Bank shares and franchise taxes 4 4
Merger-related 0 2
Other 15 19
Total Non-Interest Expense 237 220
Income Before Income Taxes 156 182
Income taxes 34 35
Net Income 122 147
Preferred stock dividends 6 2
Net income available to common stockholders 116 145
Net income available to common stockholders $ 116 $ 145
Earnings per Common Share    
Basic (USD per share) $ 0.32 $ 0.40
Diluted (USD per share) $ 0.32 $ 0.40