XML 24 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest Income      
Interest and fees on loans $ 5,385 $ 4,939 $ 4,506
Interest and fees on loans held for sale 99 92 82
Interest and Dividend Income, Securities, Available-for-sale 774 651 593
Trading account interest and other 129 96 84
Total interest income 6,387 5,778 5,265
Interest Expense      
Interest on deposits 404 259 219
Interest Expense, Long-term Debt 288 260 252
Interest on other borrowings 62 38 30
Total interest expense 754 557 501
Net, interest income 5,633 5,221 [1] 4,764 [2]
Provision for Loan, Lease, and Other Losses 409 [3] 444 [1],[4] 165 [2],[5]
Interest Income (Expense), after Provision for Loan Loss 5,224 4,777 4,599
Noninterest Income      
Service charges on deposit accounts 603 630 622
Fees and Commissions, Other 385 380 377
Fees and Commissions, Credit and Debit Cards 344 327 329
Investment Banking Revenue 599 494 461
Trading Gain (Loss) 189 211 181
Fees and Commissions, Fiduciary and Trust Activities 309 304 334
Investment Advisory, Management and Administrative Fees 278 281 300
Fees and Commissions, Mortgage Banking 231 366 270
Servicing Fees, Net (191) (189) (169)
Gain (Loss) on Disposition of Business 107 0 0
commercial real estate related income [6] 123 69 56
Gain (Loss) on Sale of Securities, Net (108) 4 21
Noninterest Income, Other Operating Income [6] 103 128 148
Total noninterest income 3,354 3,383 [1] 3,268 [2]
Noninterest Expense      
Employee compensation 2,854 2,698 2,576
Other Labor-related Expenses 403 373 366
Outside processing and software 826 834 815
Net occupancy expense 377 349 341
Federal Deposit Insurance Corporation Premium Expense 187 173 139
Marketing and Advertising Expense 232 172 151
Equipment Expense 164 170 164
Other Staff Expense 121 67 65
Professional Fees 71 93 73
Operating losses 40 108 56
Amortization 75 49 40
Other Noninterest Expense 414 382 374
Noninterest Expense 5,764 5,468 [1] 5,160 [2]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 2,814 2,692 2,707
Income Tax Expense (Benefit) 532 805 764
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 2,282 1,887 [1] 1,943 [2]
Net Income (Loss) Attributable to Noncontrolling Interest 9 9 [1] 10 [2]
Net Income (Loss) Attributable to Parent 2,273 1,878 [1] 1,933 [2]
Net Income (Loss) Available to Common Stockholders, Basic $ 2,179 $ 1,811 $ 1,863
Earnings Per Share, Diluted $ 4.47 $ 3.60 $ 3.58
Earnings Per Share, Basic 4.53 3.63 3.62
Common Stock, Dividends, Per Share, Declared $ 1.32 $ 1.00 $ 0.92
Weighted Average Number of Shares Outstanding, Diluted 486,954 503,466 520,586
Weighted Average Number of Shares Outstanding, Basic 481,339 498,638 514,844
[1] Beginning in the second quarter of 2017, the Company realigned its business segment structure from three segments to two segments. Specifically, the Company retained the previous composition of the Wholesale Banking segment and changed the basis of presentation of the Consumer Banking and Private Wealth Management segment and Mortgage Banking segment such that those segments were combined into a single Consumer segment. Accordingly, business segment information presented for the year ended December 31, 2016 has been revised to conform to the new business segment structure and updated internal funds transfer pricing methodology for consistent presentation.
[2] Beginning in the second quarter of 2017, the Company realigned its business segment structure from three segments to two segments. Specifically, the Company retained the previous composition of the Wholesale Banking segment and changed the basis of presentation of the Consumer Banking and Private Wealth Management segment and Mortgage Banking segment such that those segments were combined into a single Consumer segment. Accordingly, business segment information presented for the year ended December 31, 2015 has been revised to conform to the new business segment structure and updated internal funds transfer pricing methodology for consistent presentation.
[3] Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the ALLL and Unfunded commitment reserve balances.
[4] Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the ALLL and Unfunded commitment reserve balances.
[5] Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the ALLL and Unfunded commitment reserve balances.
[6] Beginning January 1, 2017, the Company began presenting income related to the Company's Pillar, STCC, and Structured Real Estate businesses as a separate line item on the Consolidated Statements of Income titled Commercial real estate related income. For periods prior to January 1, 2017, these amounts were previously presented in Other noninterest income and have been reclassified to Commercial real estate related income for comparability.