Income Statement

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 2014 Y2015 Y2016 Y2017 Y2018 Q1 YTD
Source Document12/31/201612/31/201712/31/201712/31/20173/31/2018
(in millions)     
Interest income 
Interest and fees on loans 1,7301,6861,7291,847497
Interest on money market investments 212321196
Interest on securities 10212420432686
Total interest income 1,8531,8331,9542,192589
Interest expense 
Interest on deposits 5049495920
Interest on short- and long-term borrowings 12369386827
Total interest expense 1731188712747
Net interest income 1,6801,7151,8672,065542
Provision for loan losses (98)409324(40)
Net interest income after provision for loan losses 1,7781,6751,7742,041582
Noninterest income 
Service charges and fees on deposit accounts 16816817117142
Other service charges, commissions and fees 17818720821755
Wealth management and trust income 3131374212
Loan sales and servicing income 293135256
Capital markets and foreign exchange 232622308
Customer-related fees NA443473485123
Dividends and other investment income 4430244011
Fair value and nonhedge derivative income (loss) (11,390)NANANANA
Securities gains, net 13(127)7140
Fixed income securities gains (losses), net 10,419NANANANA
Impairment losses on investment securities (27)NANANANA
Less amounts recognized in other comprehensive income 0NANANANA
Net impairment losses on investment securities (27)NANANANA
Other 8111254
Total noninterest income 493357516544138
Noninterest expense 
Salaries and employee benefits 9569739831,011269
Occupancy, net 11612012512931
Furniture, equipment and software, net 11512312513033
Other real estate expense, net (1)(1)(2)(1)NA
Credit-related expense 282926297
Provision for unfunded lending commitments (9)(6)(10)(7)(7)
Professional and legal services 6650555412
Advertising 252522225
FDIC premiums 3234405313
Amortization of core deposit and other intangibles 11986NA
Debt extinguishment cost 44,422NANANANA
Other 26522521322349
Total noninterest expense 1,6491,5811,5851,649412
Income before income taxes 621451705936308
Income taxes 22314223634470
Net income 398309469592238
Preferred stock dividends (72)(62)(48)(40)(7)
Preferred stock redemption 00(10)(2)NA
Net earnings applicable to common shareholders 327247411550231
Weighted average common shares outstanding during the period 
Basic shares (in thousands) 192,207203,265203,855200,776196,722
Diluted shares (in thousands) 192,789203,698204,269209,653210,243
Net earnings per common share 
Basic 1.681.22.02.711.16
Diluted 1.681.21.992.61.09
Net income for the period 398309469592238
Other comprehensive income (loss), net of tax 
Net unrealized holding gains (losses) on investment securities 82(23)(74)(2)(126)
Reclassification of HTM securities to AFS securities 01100NA
Reclassification to earnings for realized net securities losses (6)8600NA
Reclassification to earnings for net credit-related impairment losses on investment securities 17NANANANA
Accretion of securities with noncredit-related impairment losses not expected to be sold 1,111NANANANA
Net unrealized gains on other noninterest-bearing investments 0(3)231
Net unrealized holding losses on derivative instruments 375(3)(3)
Reclassification adjustment for increase in interest income recognized in earnings on derivative instruments (2)(6)(7)(2)0
Pension and postretirement (13)1712NA
Effect of new tax rates from Tax Cuts and Jobs Act of 2017 NA00(25)NA
Other comprehensive income (loss) 6473(67)(17)(128)
Comprehensive income 463382402575110

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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