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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest Income      
Interest and fees on loans and leases $ 11,481 $ 13,485 $ 7,982
Interest on securities 2,090 1,739 1,319
Interest on other earning assets 203 324 108
Total interest income 13,774 15,548 9,409
Interest Expense      
Interest on deposits 148 785 1,101
Interest on long-term debt 573 800 797
Interest on other borrowings 47 137 198
Total interest expense 768 1,722 2,096
Net Interest Income 13,006 13,826 7,313
Provision for credit losses (813) 2,335 615
Net Interest Income After Provision for Credit Losses 13,819 11,491 6,698
Noninterest Income      
Noninterest income 9,290 8,879 5,255
Noninterest Expense      
Personnel expense 8,632 8,146 4,833
Professional fees and outside processing 1,442 1,252 433
Software expense 945 862 338
Net occupancy expense 764 904 507
Amortization of intangibles 574 685 164
Equipment expense 513 484 280
Marketing and customer development 294 273 137
Operating lease depreciation 190 258 136
Loan-related expense 212 242 123
Regulatory costs 137 125 81
Merger-related and restructuring charges 822 860 360
Loss (gain) on early extinguishment of debt (4) 235 0
Other expense 595 571 542
Total noninterest expense 15,116 14,897 7,934
Earnings      
Income before income taxes 7,993 5,473 4,019
Provision for income taxes 1,556 981 782
Net income 6,437 4,492 3,237
Noncontrolling interests (3) 10 13
Net income available to the bank holding company 6,440 4,482 3,224
Preferred stock dividends and other 407 298 196
Net income available to common shareholders $ 6,033 $ 4,184 $ 3,028
Basic EPS $ 4.51 $ 3.11 $ 3.76
Diluted EPS $ 4.47 $ 3.08 $ 3.71
Basic weighted average shares outstanding (in shares) 1,337,144 1,347,080 805,104
Diluted weighted average shares outstanding (in shares) 1,349,378 1,358,289 815,204
Insurance income      
Noninterest Income      
Noninterest income $ 2,627 $ 2,193 $ 2,072
Investment banking and trading income      
Noninterest Income      
Noninterest income 1,441 1,010 249
Wealth management income      
Noninterest Income      
Noninterest income 1,392 1,277 715
Service charges on deposits      
Noninterest Income      
Noninterest income 1,060 1,020 762
Card and payment related fees      
Noninterest Income      
Noninterest income 874 761 555
Residential mortgage income      
Noninterest Income      
Noninterest income 555 1,000 285
Lending related fees      
Noninterest Income      
Noninterest income 349 315 124
Operating lease income      
Noninterest Income      
Noninterest income 262 309 153
Commercial mortgage income      
Noninterest Income      
Noninterest income 179 185 102
Income from bank-owned life insurance      
Noninterest Income      
Noninterest income 183 179 129
Securities gains (losses)      
Noninterest Income      
Noninterest income 0 402 (116)
Other income      
Noninterest Income      
Noninterest income $ 368 $ 228 $ 225