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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest Income    
Interest and fees on loans and leases $ 4,865 $ 4,656
Interest on securities 805 752
Interest on other earning assets 514 376
Total interest income 6,184 5,784
Interest Expense    
Interest on deposits 1,964 1,125
Interest on long-term debt 482 514
Interest on other borrowings 366 278
Total interest expense 2,812 1,917
Net Interest Income 3,372 3,867
Provision for credit losses 500 502
Net Interest Income After Provision for Credit Losses 2,872 3,365
Noninterest Income    
Noninterest income 1,446 1,421
Noninterest Expense    
Personnel expense 1,630 1,668
Professional fees and outside processing 278 287
Software expense 224 200
Net occupancy expense 160 169
Amortization of Intangible Assets 88 100
Equipment expense 88 102
Marketing and customer development 56 68
Operating lease depreciation 40 46
Regulatory costs 152 75
Restructuring charges 51 56
Other expense 186 244
Total noninterest expense 2,953 3,015
Earnings    
Income before income taxes 1,365 1,771
Provision for income taxes 232 361
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 1,133 1,410
Net income from discontinued operations 67 105
Net income (loss) 1,200 1,515
Net Income (Loss) Attributable to Noncontrolling Interest 3 2
Preferred stock dividends and other 106 103
Net income available to common shareholders $ 1,091 $ 1,410
Basic earnings from continuing operations $ 0.77 $ 0.98
Basic EPS 0.82 1.06
Diluted earnings from continuing operations 0.76 0.98
Diluted EPS $ 0.81 $ 1.05
Basic weighted average shares outstanding 1,335,091 1,328,602
Diluted weighted average shares outstanding 1,346,904 1,339,480
Wealth management income    
Noninterest Income    
Noninterest income $ 356 $ 339
Investment banking and trading income    
Noninterest Income    
Noninterest income 323 261
Card and payment related fees    
Noninterest Income    
Noninterest income 224 230
Service charges on deposits    
Noninterest Income    
Noninterest income 225 250
Mortgage banking income    
Noninterest Income    
Noninterest income 97 142
Lending related fees    
Noninterest Income    
Noninterest income 96 106
Operating lease income    
Noninterest Income    
Noninterest income 59 67
Other income    
Noninterest Income    
Noninterest income $ 66 $ 26