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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest Income    
Interest and fees on loans and leases $ 3,776 $ 1,839
Interest on securities 494 302
Interest on other earning assets 156 32
Total interest income 4,426 2,173
Interest Expense    
Interest on deposits 421 253
Interest on long-term debt 272 192
Interest on other borrowings 83 32
Total interest expense 776 477
Net Interest Income 3,650 1,696
Provision for credit losses 893 155
Net Interest Income After Provision for Credit Losses 2,757 1,541
Noninterest Income    
Noninterest income 1,961 1,202
Noninterest Expense    
Personnel expense 1,972 1,087
Net occupancy expense 221 122
Professional fees and outside processing 247 86
Software expense 210 72
Equipment expense 116 65
Marketing and customer development 84 27
Operating lease depreciation 71 29
Loan-related expense 62 25
Amortization of intangibles 165 32
Regulatory costs 29 18
Merger-related and restructuring charges 107 80
Other expense 147 125
Total noninterest expense 3,431 1,768
Earnings    
Income before income taxes 1,287 975
Provision for income taxes 224 177
Net income 1,063 798
Noncontrolling interests 3 6
Dividends on preferred stock 74 43
Net income available to common shareholders $ 986 $ 749
Basic EPS $ 0.73 $ 0.98
Diluted EPS $ 0.73 $ 0.97
Basic weighted average shares outstanding (in shares) 1,344,372 764,135
Diluted weighted average shares outstanding (in shares) 1,357,545 774,071
Insurance income    
Noninterest Income    
Noninterest income $ 549 $ 510
Service charges on deposits    
Noninterest Income    
Noninterest income 305 171
Wealth management income    
Noninterest Income    
Noninterest income 332 162
Card and payment related fees    
Noninterest Income    
Noninterest income 187 128
Residential mortgage income    
Noninterest Income    
Noninterest income 245 49
Investment banking and trading income    
Noninterest Income    
Noninterest income 118 27
Operating lease income    
Noninterest Income    
Noninterest income 77 35
Income from bank-owned life insurance    
Noninterest Income    
Noninterest income 44 28
Lending related fees    
Noninterest Income    
Noninterest income 67 25
Commercial real estate related income    
Noninterest Income    
Noninterest income 44 14
Securities gains (losses)    
Noninterest Income    
Noninterest income (2) 0
Other income (loss)    
Noninterest Income    
Noninterest income $ (5) $ 53