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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest Income        
Interest and Fee Income, Loans and Leases Held-in-portfolio $ 1,708 $ 1,549 $ 5,125 $ 4,424
Interest and fees on loans held for sale 21 22 50 67
Interest and Dividend Income, Securities, Available-for-sale 215 212 659 628
Trading account interest and other 61 51 179 142
Total interest income 2,005 1,834 6,013 5,261
Interest Expense        
Interest Expense, Deposits 293 193 811 484
Interest Expense, Long-term Debt 150 95 425 252
Interest on other borrowings 52 34 188 85
Total interest expense 495 322 1,424 821
Net, interest income 1,510 1,512 4,589 4,440
Provision for Loan, Lease, and Other Losses 132 [1] 61 [2] 412 [3] 121 [4]
Interest Income (Expense), after Provision for Loan Loss 1,378 1,451 4,177 4,319
Noninterest Income        
Service charges on deposit accounts 141 144 417 433
Other charges and fees 90 89 265 264
Card fees 83 75 247 241
Investment Banking Revenue 159 150 431 453
Trading Gain (Loss) 29 42 144 137
Gain (Loss) Related to Litigation Settlement 5 0 210 0
Mortgage Related Income [5] 106 83 294 256
Trust and investment management income 78 80 222 230
Retail investment services 76 74 220 219
Commercial Real Estate Related Income 32 24 106 66
Debt and Equity Securities, Gain (Loss) 4 0 (38) 1
Noninterest Income, Other Operating Income 40 21 135 108
Noninterest Income 843 782 2,653 2,408
Noninterest Expense        
Employee compensation 744 719 2,149 2,141
Other Labor-related Expenses 97 76 344 310
Outside processing and software 241 234 720 667
Charitable contribution to the SunTrust Foundation 0 0 205 0
Net occupancy expense 102 86 305 270
Merger-Related Costs 22 0 75 0
Marketing and Advertising Expense 44 45 131 127
Equipment Expense 36 40 114 124
Federal Deposit Insurance Corporation Premium Expense 17 39 53 118
Operating losses 23 18 60 40
Amortization 21 19 54 51
Other Noninterest Expense 127 108 392 343
Noninterest Expense 1,474 1,384 4,602 4,191
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 747 849 2,228 2,536
Income Tax Expense (Benefit) 122 95 330 412
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 625 754 1,898 2,124
Net Income (Loss) Attributable to Noncontrolling Interest 2 2 7 7
Net Income (Loss) Attributable to Parent 623 752 1,891 2,117
Preferred Stock Dividends and Other Adjustments 26 26 77 81
Net Income (Loss) Available to Common Stockholders, Basic $ 597 $ 726 $ 1,814 $ 2,036
Earnings Per Share, Diluted $ 1.34 $ 1.56 $ 4.06 $ 4.34
Earnings Per Share, Basic 1.35 1.58 4.09 4.38
Common Stock, Dividends, Per Share, Declared $ 0.56 $ 0.50 $ 1.56 $ 1.30
Weighted Average Number of Shares Outstanding, Diluted 446,962 464,164 446,673 469,006
Weighted Average Number of Shares Outstanding, Basic 443,960 460,252 443,779 464,804
[1] 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.
[2]
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.
[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] Beginning with the 2018 Form 10-K, the Company began presenting Mortgage production related income and Mortgage servicing related income as a single line item on the Consolidated Statements of Income titled Mortgage-related income. Prior periods have been conformed to this updated presentation for comparability.