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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
INTEREST INCOME:        
Interest and fees on loans and leases $ 1,078 $ 1,120 $ 3,197 $ 3,614
Interest and fees on loans held for sale, at fair value 21 21 63 56
Interest and fees on other loans held for sale 1 16 9 32
Investment securities 116 121 368 398
Interest-bearing deposits in banks 6 2 12 8
Total interest income 1,222 1,280 3,649 4,108
INTEREST EXPENSE:        
Deposits 35 89 127 440
Short-term borrowed funds 0 0 0 1
Long-term borrowed funds 42 54 136 210
Total interest expense 77 143 263 651
Net interest income 1,145 1,137 3,386 3,457
Provision for credit losses (33) 428 (386) 1,492
Net interest income after provision for credit losses 1,178 709 3,772 1,965
NONINTEREST INCOME:        
Mortgage banking fees 108 287 358 722
Service charges and fees 110 97 309 299
Capital markets fees 72 58 244 162
Card fees 66 57 185 161
Trust and investment services fees 61 53 179 151
Letter of credit and loan fees 39 37 115 102
Foreign exchange and interest rate products 29 27 85 85
Securities gains, net 3 1 9 4
Other income 26 37 57 55
Total noninterest income 514 654 1,541 1,741
NONINTEREST EXPENSE:        
Salaries and employee benefits 509 524 1,581 1,586
Equipment and software 157 149 464 424
Outside services 144 139 420 405
Occupancy 77 81 247 247
Other operating expense 124 95 308 317
Total noninterest expense 1,011 988 3,020 2,979
Income before income tax expense 681 375 2,293 727
Income tax expense 151 61 504 126
NET INCOME 530 314 1,789 601
Net income available to common stockholders $ 504 $ 289 $ 1,708 $ 526
Weighted-average common shares outstanding:        
Basic (in Shares) 426,086,717 426,846,096 425,996,867 427,058,412
Diluted (in Shares) 427,840,964 427,992,349 427,679,885 428,142,358
Per common share information:        
Basic earnings (in dollars per share) $ 1.18 $ 0.68 $ 4.01 $ 1.23
Diluted earnings (in Dollars per Share) $ 1.18 $ 0.68 $ 3.99 $ 1.23