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Consolidated Statements Of Comprehensive Income (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME    
Interest and fees on loans $ 777 $ 383
Interest on investment securities 113 77
Interest on short-term investments 59 9
Total interest income 949 469
INTEREST EXPENSE    
Interest on deposits 118 4
Interest on short-term borrowings 66 0
Interest on medium- and long-term debt [1] 57 9
Total interest expense 241 13
Net interest income 708 456
Provision for credit losses 30 (11)
Net interest income after provision for credit losses 678 467
NONINTEREST INCOME    
Card fees 69 69
Fiduciary income 58 58
Service charges on deposit accounts 46 48
Capital markets income 39 29
Commercial lending fees 18 16
Bank-owned life insurance 10 13
Letter of credit fees 10 9
Brokerage fees 8 4
Other noninterest income 24 (2)
Total noninterest income 282 244
NONINTEREST EXPENSES    
Salaries and benefits expense 326 289
Outside processing fee expense 64 62
Occupancy expense 41 38
Software expense 40 39
FDIC Insurance expense 13 8
Equipment expense 12 11
Advertising expense 8 7
Other noninterest expenses 47 19
Total noninterest expenses 551 473
Income before income taxes 409 238
Provision for income taxes 85 49
NET INCOME 324 189
Less:    
Income allocated to participating securities 1 1
Preferred stock dividends 6 6
Net income attributable to common shares $ 317 $ 182
Earnings per common share:    
Basic (in dollars per share) $ 2.41 $ 1.39
Diluted (in dollars per share) $ 2.39 $ 1.37
Comprehensive (loss) income $ 895 $ (772)
Cash dividends declared on common stock $ 94 $ 89
Cash dividends declared per common share $ 0.71 $ 0.68
[1] Includes the effects of hedging.