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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income    
Interest and fees on loans and leases $ 4,656 $ 2,644
Interest on securities 752 640
Interest on other earning assets 377 73
Total interest income 5,785 3,357
Interest Expense    
Interest on deposits 1,125 32
Interest on long-term debt 514 132
Interest on other borrowings 278 10
Total interest expense 1,917 174
Net Interest Income 3,868 3,183
Provision for credit losses 502 (95)
Net Interest Income After Provision for Credit Losses 3,366 3,278
Noninterest Income    
Noninterest income 2,234 2,142
Noninterest Expense    
Personnel expense 2,181 2,051
Professional fees and outside processing 314 363
Software expense 214 232
Net occupancy expense 183 208
Amortization of intangibles 136 137
Equipment expense 110 118
Marketing and customer development 78 84
Operating lease depreciation 46 48
Regulatory costs 75 35
Merger-related and restructuring charges 63 216
Other expense 291 182
Total noninterest expense 3,691 3,674
Earnings    
Income before income taxes 1,909 1,746
Provision for income taxes 394 330
Net income 1,515 1,416
Noncontrolling interests 2 1
Preferred stock dividends and other 103 88
Net income available to common shareholders $ 1,410 $ 1,327
Basic EPS $ 1.06 $ 1.00
Diluted EPS $ 1.05 $ 0.99
Basic weighted average shares outstanding (in shares) 1,328,602 1,329,037
Diluted weighted average shares outstanding (in shares) 1,339,480 1,341,563
Insurance income    
Noninterest Income    
Noninterest income $ 813 $ 727
Wealth management income    
Noninterest Income    
Noninterest income 339 343
Investment banking and trading income    
Noninterest Income    
Noninterest income 261 261
Service charges on deposits    
Noninterest Income    
Noninterest income 249 252
Card and payment related fees    
Noninterest Income    
Noninterest income 230 212
Mortgage banking income    
Noninterest Income    
Noninterest income 142 121
Lending related fees    
Noninterest Income    
Noninterest income 106 85
Operating lease income    
Noninterest Income    
Noninterest income 67 58
Securities gains (losses)    
Noninterest Income    
Noninterest income 0 (69)
Other income    
Noninterest Income    
Noninterest income $ 27 $ 152