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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME:    
Interest and fees on loans and leases $ 1,061 $ 1,302
Interest and fees on loans held for sale, at fair value 18 15
Interest and fees on other loans held for sale 6 9
Investment securities 128 147
Interest-bearing deposits in banks 3 5
Total interest income 1,216 1,478
INTEREST EXPENSE:    
Deposits 50 227
Short-term borrowed funds 0 1
Long-term borrowed funds 49 90
Total interest expense 99 318
Net interest income 1,117 1,160
Provision for credit losses (140) 600
Net interest income after provision for credit losses 1,257 560
NONINTEREST INCOME:    
Mortgage banking fees 165 159
Service charges and fees 99 118
Capital markets fees 81 43
Card fees 55 56
Trust and investment services fees 58 53
Letter of credit and loan fees 38 34
Foreign exchange and interest rate products 28 24
Securities gains, net 3 0
Other income 15 10
Total noninterest income 542 497
NONINTEREST EXPENSE:    
Salaries and employee benefits 548 549
Equipment and software 152 133
Outside services 139 135
Occupancy 88 84
Other operating expense 91 111
Total noninterest expense 1,018 1,012
Income before income tax expense 781 45
Income tax expense 170 11
NET INCOME 611 34
Net income available to common stockholders $ 588 $ 12
Weighted-average common shares outstanding:    
Basic (in Shares) 425,953,716 427,718,421
Diluted (in Shares) 427,880,530 429,388,855
Per common share information:    
Basic earnings (in dollars per share) $ 1.38 $ 0.03
Diluted earnings (in Dollars per Share) $ 1.37 $ 0.03