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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 1,143.4 $ 1,075.4 $ 2,311.8 $ 2,139.1
Foreign Exchange Trading Income 77.6 70.6 158.5 149.3
Treasury Management Fees 10.6 11.3 21.7 22.5
Security Commissions and Trading Income 32.8 33.0 69.0 67.8
Other Operating Income 45.6 54.4 86.7 109.3
Investment Security Gains (Losses), net 0.0 0.0 0.0 0.0
Total Noninterest Income 1,310.0 1,244.7 2,647.7 2,488.0
Net Interest Income        
Interest Income 524.8 343.1 908.3 693.0
Interest Expense 66.1 7.5 68.6 17.3
Net Interest Income 458.7 335.6 839.7 675.7
Provision for Credit Losses 4.5 (27.0) 6.5 (57.0)
Net Interest Income after Provision for Credit Losses 454.2 362.6 833.2 732.7
Noninterest Expense        
Compensation 546.5 486.3 1,110.4 1,004.8
Employee Benefits 119.6 118.4 223.9 221.8
Outside Services 213.1 218.1 426.5 414.5
Equipment and Software 203.5 178.3 397.0 355.0
Occupancy 51.0 52.2 102.1 103.0
Other Operating Expense 89.9 67.5 169.6 139.2
Total Noninterest Expense 1,223.6 1,120.8 2,429.5 2,238.3
Income before Income Taxes 540.6 486.5 1,051.4 982.4
Provision for Income Taxes 144.4 118.4 265.9 239.2
Net Income 396.2 368.1 785.5 743.2
Preferred Stock Dividends 4.7 4.7 20.9 20.9
Net Income Applicable to Common Stock $ 391.5 $ 363.4 $ 764.6 $ 722.3
Per Common Share        
Net Income — Basic (in dollars per share) $ 1.86 $ 1.73 $ 3.64 $ 3.44
Net Income - Diluted (in dollars per share) $ 1.86 $ 1.72 $ 3.63 $ 3.42
Average Number of Common Shares Outstanding        
Basic (in shares) 208,383,991 208,369,188 208,205,469 208,241,714
Diluted (in shares) 208,878,350 209,138,090 208,843,934 209,042,798