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Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income        
Interest and fees on loans and leases $ 1,492 $ 1,546 $ 4,486 $ 4,589
Interest and dividends on securities 221 199 685 512
Interest on other earning assets 7 5 20 15
Total interest income 1,720 1,750 5,191 5,116
Interest Expense        
Interest on deposits 105 150 333 473
Interest on federal funds purchased, securities sold under repurchase agreements and short-term borrowed funds 2 3 5 10
Interest on long-term debt 130 181 472 578
Total interest expense 237 334 810 1,061
Net Interest Income 1,483 1,416 4,381 4,055
Provision for credit losses 244 250 805 918
Net Interest Income After Provision for Credit Losses 1,239 1,166 3,576 3,137
Noninterest Income        
Insurance income 333 241 997 790
Service charges on deposits 142 141 417 421
Mortgage banking income 211 123 609 301
Investment banking and brokerage fees and commissions 90 81 267 258
Checkcard fees 48 78 136 229
Bankcard fees and merchant discounts 62 51 175 149
Trust and investment advisory revenues 46 43 137 131
Income from bank-owned life insurance 30 33 87 92
FDIC loss share income, net (90) (104) (221) (243)
Other income 92 42 208 104
Securities gains (losses), net        
Realized gains (losses), net 1 0 (3) 37
Other-than-temporary impairments 0 (7) (5) (18)
Non-credit portion recognized in other comprehensive income (2) (32) (4) (60)
Total securities gains (losses), net (1) (39) (12) (41)
Total noninterest income 963 690 2,800 2,191
Noninterest Expense        
Personnel expense 797 671 2,302 2,048
Foreclosed property expense 54 168 218 456
Occupancy and equipment expense 166 151 478 457
Loan processing expenses 85 55 210 168
Regulatory charges 40 46 124 166
Professional services 36 56 110 125
Software expense 36 30 100 85
Amortization of intangibles 31 24 82 75
Merger-related and restructuring charges, net 43 0 57 0
Other expenses 241 216 659 604
Total noninterest expense 1,529 1,417 4,340 4,184
Earnings        
Income (loss) before income taxes 673 439 2,036 1,144
Provision for income taxes 177 68 557 212
Net income 496 371 1,479 932
Noncontrolling interests 2 5 36 34
Preferred stock dividends 25 0 33 0
Net income available to common shareholders $ 469 $ 366 $ 1,410 $ 898
Earnings Per Common Share        
Basic $ 0.67 $ 0.52 $ 2.02 $ 1.29
Diluted $ 0.66 $ 0.52 $ 1.99 $ 1.27
Cash dividends declared $ 0.20 $ 0.16 $ 0.60 $ 0.49
Weighted Average Shares Outstanding        
Basic 699,091 697,052 698,454 696,335
Diluted 709,875 705,604 708,439 704,910