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Summary of Quarterly Financial Statements (Unaudited) | 12 Months Ended
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Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract] |
Summary of Quarterly Financial Statements (Unaudited) | SUMMARY OF QUARTERLY FINANCIAL STATEMENTS (UNAUDITED) The following quarterly information is unaudited. However, in the opinion of management, the information reflects all adjustments, which are necessary for the fair presentation of the results of operations, for the periods presented.
| 2021
(in millions, except per share data) | Fourth Quarter |  | Third Quarter |  | Second Quarter |  | First Quarter
Interest income | $ | 474 |  |  | $ | 489 |  |  | $ | 479 |  |  | $ | 459 |
Interest expense | 13 |  |  | 14 |  |  | 14 |  |  | 16 |
Net interest income | 461 |  |  | 475 |  |  | 465 |  |  | 443 |
Provision for credit losses | (25) |  |  | (42) |  |  | (135) |  |  | (182) |
Noninterest income | 289 |  |  | 280 |  |  | 284 |  |  | 270 |
Noninterest expenses | 486 |  |  | 465 |  |  | 463 |  |  | 447 |
Provision for income taxes | 61 |  |  | 70 |  |  | 93 |  |  | 98 |
Net income | 228 |  |  | 262 |  |  | 328 |  |  | 350 |
Less: |  |  |  |  |  |  |
Income allocated to participating securities | 1 |  |  | 1 |  |  | 2 |  |  | 1 |
Preferred stock dividends | 6 |  |  | 6 |  |  | 5 |  |  | 6 |
Net income attributable to common shares | $ | 221 |  |  | $ | 255 |  |  | $ | 321 |  |  | $ | 343 |
Earnings per common share: |  |  |  |  |  |  |
Basic | $ | 1.69 |  |  | $ | 1.92 |  |  | $ | 2.35 |  |  | $ | 2.46 |
Diluted | 1.66 |  |  | 1.90 |  |  | 2.32 |  |  | 2.43 |
Comprehensive income | 223 |  |  | 175 |  |  | 313 |  |  | 181 |
| 2020
(in millions, except per share data) | Fourth Quarter (Recast) |  | Third Quarter (Recast) |  | Second Quarter (Recast) |  | First Quarter (Recast)
Interest income | $ | 489 |  |  | $ | 484 |  |  | $ | 511 |  |  | $ | 609 |
Interest expense | 20 |  |  | 26 |  |  | 40 |  |  | 96 |
Net interest income | 469 |  |  | 458 |  |  | 471 |  |  | 513 |
Provision for credit losses | (17) |  |  | 5 |  |  | 138 |  |  | 411 |
Net securities gains (losses) | — |  |  | — |  |  | 1 |  |  | (1) |
Noninterest income excluding net securities gains (losses) | 265 |  |  | 252 |  |  | 246 |  |  | 238 |
Noninterest expenses (a) | 465 |  |  | 438 |  |  | 434 |  |  | 417 |
Provision (benefit) for income taxes (a) | 65 |  |  | 50 |  |  | 28 |  |  | (19) |
Net income (loss) (a) | 221 |  |  | 217 |  |  | 118 |  |  | (59) |
Less: |  |  |  |  |  |  |
Income allocated to participating securities | 1 |  |  | — |  |  | 1 |  |  | — |
Preferred stock dividends | 5 |  |  | 8 |  |  | — |  |  | — |
Net income (loss) attributable to common shares (a) | $ | 215 |  |  | $ | 209 |  |  | $ | 117 |  |  | $ | (59) |
Earnings (loss) per common share: |  |  |  |  |  |  |
Basic (a) | $ | 1.54 |  |  | $ | 1.49 |  |  | $ | 0.85 |  |  | $ | (0.42) |
Diluted (a) | 1.53 |  |  | 1.48 |  |  | 0.84 |  |  | (0.42) |
Comprehensive income | 267 |  |  | 169 |  |  | 97 |  |  | 344 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
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