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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest Income        
Interest and fees on loans and leases $ 1,772 $ 1,591 $ 5,064 $ 4,632
Interest and dividends on securities 283 276 868 806
Interest on other earning assets 14 10 52 38
Total interest income 2,069 1,877 5,984 5,476
Interest Expense        
Interest on deposits 172 91 438 240
Interest on short-term borrowings 29 15 72 22
Interest on long-term debt 181 124 497 323
Total interest expense 382 230 1,007 585
Net Interest Income 1,687 1,647 4,977 4,891
Provision for credit losses 135 126 420 409
Net Interest Income After Provision for Credit Losses 1,552 1,521 4,557 4,482
Noninterest Income        
Total noninterest income 1,239 1,166 3,641 3,557
Noninterest Expense        
Personnel expense 1,104 1,051 3,217 3,154
Occupancy and equipment expense 189 198 570 589
Software expense 70 62 202 177
Outside IT services 33 34 97 122
Regulatory charges 37 40 116 115
Amortization of intangibles 33 34 97 108
Loan-related expense 28 32 83 98
Professional services 33 27 95 87
Merger-related and restructuring charges, net 18 47 70 93
Loss (gain) on early extinguishment of debt 0 0 0 392
Other expense 197 220 601 654
Total noninterest expense 1,742 1,745 5,148 5,589
Earnings        
Income before income taxes 1,049 942 3,050 2,450
Provision for income taxes 210 294 598 702
Net income 839 648 2,452 1,748
Noncontrolling interests 7 8 13 12
Dividends on preferred stock 43 43 130 130
Net income available to common shareholders $ 789 $ 597 $ 2,309 $ 1,606
Basic EPS (in dollars per share) $ 1.02 $ 0.75 $ 2.98 $ 2.00
Diluted EPS (in dollars per share) 1.01 0.74 2.94 1.97
Cash dividends declared per share (in dollars per share) $ 0.405 $ 0.330 $ 1.155 $ 0.930
Basic weighted average shares outstanding (in shares) 771,562 794,558 775,642 804,424
Diluted weighted average shares outstanding (in shares) 781,867 806,124 786,140 816,029
Insurance income        
Noninterest Income        
Total noninterest income $ 448 $ 397 $ 1,365 $ 1,336
Service charges on deposits        
Noninterest Income        
Total noninterest income 183 179 527 523
Mortgage banking income        
Noninterest Income        
Total noninterest income 79 114 272 311
Investment banking and brokerage fees and commissions        
Noninterest Income        
Total noninterest income 116 103 338 299
Trust and investment advisory revenues        
Noninterest Income        
Total noninterest income 71 68 215 206
Bankcard fees and merchant discounts        
Noninterest Income        
Total noninterest income 72 70 213 204
Checkcard fees        
Noninterest Income        
Total noninterest income 56 54 165 159
Operating lease income        
Noninterest Income        
Total noninterest income 37 36 110 109
Income from bank-owned life insurance        
Noninterest Income        
Total noninterest income 27 28 88 89
Other income        
Noninterest Income        
Total noninterest income 150 117 347 321
Securities gains (losses), net        
Noninterest Income        
Total noninterest income 0 0 1 0
Securities gains (losses), net        
Gross realized gains 0 17 1 17
Gross realized losses 0 (17) 0 (17)
OTTI charges 0 0 0 0
Non-credit portion recognized in OCI $ 0 $ 0 $ 0 $ 0