XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements Of Comprehensive Income (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
INTEREST INCOME        
Interest and fees on loans $ 862 $ 597 $ 2,491 $ 1,434
Interest on investment securities 105 119 326 296
Interest on short-term investments 136 34 309 66
Total interest income 1,103 750 3,126 1,796
INTEREST EXPENSE        
Interest on deposits 271 16 590 24
Interest on short-term borrowings 125 1 333 1
Interest on medium- and long-term debt 106 26 273 47
Total interest expense 502 43 1,196 72
Net interest income 601 707 1,930 1,724
Provision for credit losses 14 28 77 27
Net interest income after provision for credit losses 587 679 1,853 1,697
NONINTEREST INCOME        
Card fees 71 67 212 205
Fiduciary income 59 58 179 178
Service charges on deposit accounts 47 50 140 148
Capital markets income 35 48 113 120
Commercial lending fees 19 17 55 50
Bank-owned life insurance 12 12 36 37
Letter of credit fees 10 10 31 28
Brokerage fees 6 6 22 14
Other noninterest income 36 10 92 10
Total noninterest income 295 278 880 790
NONINTEREST EXPENSES        
Salaries and benefits expense 315 307 947 890
Outside processing fee expense 75 64 207 188
Software expense 44 40 127 120
Occupancy expense 44 44 126 122
FDIC Insurance expense 19 8 48 24
Equipment expense 12 12 36 36
Advertising expense 12 9 30 24
Other noninterest expenses 34 18 120 53
Total noninterest expenses 555 502 1,641 1,457
Income before income taxes 327 455 1,092 1,030
Provision for income taxes 76 104 244 229
NET INCOME 251 351 848 801
Less:        
Income allocated to participating securities 1 2 4 4
Preferred stock dividends 6 6 17 17
Net income attributable to common shares $ 244 $ 343 $ 827 $ 780
Earnings per common share:        
Basic (in dollars per share) $ 1.85 $ 2.63 $ 6.27 $ 5.96
Diluted (in dollars per share) $ 1.84 $ 2.60 $ 6.24 $ 5.88
Comprehensive (loss) income $ (533) $ (1,282) $ 50 $ (2,574)
Cash dividends declared on common stock $ 94 $ 89 $ 282 $ 267
Cash dividends declared per common share (in dollars per share) $ 0.71 $ 0.68 $ 2.13 $ 2.04