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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Interest and fees on loans and leases $ 1,839 $ 1,605
Interest and dividends on securities 302 291
Interest on other earning assets 32 25
Total interest income 2,173 1,921
Interest Expense    
Interest on deposits 253 118
Interest on short-term borrowings 32 20
Interest on long-term debt 192 150
Total interest expense 477 288
Net Interest Income 1,696 1,633
Provision for credit losses 155 150
Net Interest Income After Provision for Credit Losses 1,541 1,483
Noninterest Income    
Total noninterest income 1,202 1,180
Noninterest Expense    
Personnel expense 1,087 1,039
Occupancy and equipment expense 187 194
Software expense 72 65
Outside IT services 30 32
Regulatory charges 18 40
Amortization of intangibles 32 33
Loan-related expense 25 29
Professional services 31 30
Merger-related and restructuring charges, net 80 28
Other expense 206 196
Total noninterest expense 1,768 1,686
Earnings    
Income before income taxes 975 977
Provision for income taxes 177 186
Net income 798 791
Noncontrolling interests 6 3
Dividends on preferred stock 43 43
Net income available to common shareholders $ 749 $ 745
Basic EPS (in dollars per share) $ 0.98 $ 0.96
Diluted EPS (in dollars per share) $ 0.97 $ 0.94
Basic weighted average shares outstanding (in shares) 764,135 779,617
Diluted weighted average shares outstanding (in shares) 774,071 791,005
Insurance income    
Noninterest Income    
Total noninterest income $ 510 $ 436
Service charges on deposits    
Noninterest Income    
Total noninterest income 171 165
Investment banking and brokerage fees and commissions    
Noninterest Income    
Total noninterest income 111 113
Mortgage banking income    
Noninterest Income    
Total noninterest income 63 99
Trust and investment advisory revenues    
Noninterest Income    
Total noninterest income 68 72
Bankcard fees and merchant discounts    
Noninterest Income    
Total noninterest income 70 69
Checkcard fees    
Noninterest Income    
Total noninterest income 55 52
Operating lease income    
Noninterest Income    
Total noninterest income 35 37
Income from bank-owned life insurance    
Noninterest Income    
Total noninterest income 28 31
Other income    
Noninterest Income    
Total noninterest income 91 106
Securities gains (losses), net    
Noninterest Income    
Total noninterest income 0 0
Securities gains (losses), net    
Gross realized gains 22 0
Gross realized losses $ (22) $ 0