XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 1,075.4 $ 961.5 $ 2,139.1 $ 1,965.1
Foreign Exchange Trading Income 70.6 71.3 149.3 160.2
Treasury Management Fees 11.3 11.4 22.5 22.4
Security Commissions and Trading Income 33.0 33.2 67.8 74.9
Other Operating Income 54.4 56.5 109.3 90.9
Investment Security Gains, net 0.0 0.1 0.0 0.1
Total Noninterest Income 1,244.7 1,134.0 2,488.0 2,313.6
Net Interest Income        
Interest Income 343.1 406.3 693.0 935.5
Interest Expense 7.5 34.2 17.3 155.3
Net Interest Income 335.6 372.1 675.7 780.2
Provision for Credit Losses (27.0) 66.0 (57.0) 127.0
Net Interest Income after Provision for Credit Losses 362.6 306.1 732.7 653.2
Noninterest Expense        
Compensation 486.3 460.3 1,004.8 960.1
Employee Benefits 118.4 90.4 221.8 188.3
Outside Services 218.1 176.2 414.5 369.0
Equipment and Software 178.3 164.2 355.0 326.4
Occupancy 52.2 60.0 103.0 111.1
Other Operating Expense 67.5 85.8 139.2 147.6
Total Noninterest Expense 1,120.8 1,036.9 2,238.3 2,102.5
Income before Income Taxes 486.5 403.2 982.4 864.3
Provision for Income Taxes 118.4 89.9 239.2 190.4
Net Income 368.1 313.3 743.2 673.9
Preferred Stock Dividends 4.7 4.8 20.9 35.3
Net Income Applicable to Common Stock $ 363.4 $ 308.5 $ 722.3 $ 638.6
Per Common Share        
Net Income — Basic (in dollars per share) $ 1.73 $ 1.47 $ 3.44 $ 3.03
Net Income - Diluted (in dollars per share) $ 1.72 $ 1.46 $ 3.42 $ 3.02
Average number of common shares outstanding        
Average Number of Common Shares Outstanding - Basic (in shares) 208,369,188 208,068,635 208,241,714 208,474,883
Average Number of Common Shares Outstanding - Diluted (in shares) 209,138,090 208,568,357 209,042,798 209,192,590