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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income on:        
Loans, including fees $ 932 $ 849 $ 1,808 $ 1,703
Debt securities 157 131 295 264
Interest and Fee Income, Loans & Leases Held for Sale 10 12 19 24
Other earning assets 56 14 85 28
Total interest income 1,155 1,006 2,207 2,019
Interest expense on:        
Deposits 20 17 33 36
Long-term borrowings 27 26 51 53
Total interest expense 47 43 84 89
Net interest income 1,108 963 2,123 1,930
Provision for (benefit from) credit losses 60 (337) 24 (479)
Net interest income after provision for (benefit from) credit losses 1,048 1,300 2,099 2,409
Non-interest income:        
Total non-interest income 640 619 1,224 1,260
Non-interest expense:        
Salaries and employee benefits 575 532 1,121 1,078
Equipment and software expense 97 89 192 179
Net occupancy expense 75 75 150 152
Other 201 202 418 417
Total non-interest expense 948 898 1,881 1,826
Income before income taxes 740 1,021 1,442 1,843
Income tax expense 157 231 311 411
Net income 583 790 1,131 1,432
Net income available to common shareholders $ 558 $ 748 $ 1,082 $ 1,362
Weighted-average number of shares outstanding:        
Basic (in shares) 934 958 936 959
Diluted (in shares) 940 965 943 967
Earnings per common share:        
Basic (in dollars per share) $ 0.60 $ 0.78 $ 1.16 $ 1.42
Diluted (in dollars per share) $ 0.59 $ 0.77 $ 1.15 $ 1.41
Service charges on deposit accounts        
Non-interest income:        
Total non-interest income $ 165 $ 163 $ 333 $ 320
Card and ATM fees        
Non-interest income:        
Total non-interest income 133 128 257 243
Capital markets income        
Non-interest income:        
Total non-interest income 112 61 185 161
Mortgage income        
Non-interest income:        
Total non-interest income 47 53 95 143
Investment management and trust fee income        
Non-interest income:        
Total non-interest income 72 69 147 135
Securities gains (losses), net        
Non-interest income:        
Total non-interest income 0 1 0 2
Other        
Non-interest income:        
Total non-interest income $ 111 $ 144 $ 207 $ 256