v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income, including other financing income on:      
Loans, including fees $ 3,610 $ 3,866 $ 3,613
Debt securities 582 643 625
Loans held for sale 28 17 15
Other earning assets 42 70 84
Total interest income 4,262 4,596 4,337
Interest expense on:      
Deposits 180 447 250
Short-term borrowings 10 53 30
Long-term borrowings 178 351 322
Total interest expense 368 851 602
Net interest income 3,894 3,745 3,735
Provision for credit losses (1) 1,330 387 229
Net interest income after provision for credit losses (1) 2,564 3,358 3,506
Non-interest income:      
Total Noninterest Income 2,393 2,116 2,019
Non-interest expense:      
Salaries and employee benefits 2,100 1,916 1,947
Net occupancy expense 313 321 335
Furniture and equipment expense 348 325 325
Other 882 927 963
Total non-interest expense 3,643 3,489 3,570
Income from continuing operations before income taxes 1,314 1,985 1,955
Income tax expense [1],[2] 220 403 387
Income from continuing operations 1,094 1,582 1,568
Discontinued operations:      
Income from discontinued operations before income taxes 0 0 271
Income tax expense 0 0 80
Income from discontinued operations, net of tax 0 0 191
Net income 1,094 1,582 1,759
Net Income from continuing operations available to common shareholders 991 1,503 1,504
Net income available to common shareholders $ 991 $ 1,503 $ 1,695
Weighted Average Number of Shares Outstanding, Diluted [Abstract]      
Basic 959 995 1,092
Diluted 962 999 1,102
Earnings per common share from continuing operations:      
Basic $ 1.03 $ 1.51 $ 1.38
Diluted 1.03 1.50 1.36
Earnings Per Share [Abstract]      
Basic 1.03 1.51 1.55
Diluted $ 1.03 $ 1.50 $ 1.54
Service charges on deposit accounts      
Non-interest income:      
Total Noninterest Income $ 621 $ 729 $ 710
Card and ATM fees      
Non-interest income:      
Total Noninterest Income 438 455 438
Investment management and trust fee income      
Non-interest income:      
Total Noninterest Income 253 243 235
Capital Markets [Member]      
Non-interest income:      
Total Noninterest Income 275 178 202
Mortgage income      
Non-interest income:      
Total Noninterest Income 333 163 137
Securities gains, net [Member]      
Non-interest income:      
Total Noninterest Income 4 (28) 1
Other [Member]      
Non-interest income:      
Total Noninterest Income $ 469 $ 376 $ 296
[1] Income tax expense includes amortization of affordable housing investments of $133 million, $131 million, and $137 million for 2020, 2019 and 2018, respectively.
[2] The table above does not include total income tax expense from discontinued operations of zero, zero, and $80 million in 2020, 2019 and 2018, respectively. The deferred income tax expense reflected in discontinued operations was zero, zero and $43 million in 2020, 2019 and 2018, respectively