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 2015 Y2016 Y2017 Y2018 Y2019 Q1 YTD
Source Document12/31/201712/31/201812/31/201812/31/20183/31/2019
(in millions)     
Interest income 
Interest and fees on loans 1,6861,7291,8472,102570
Interest on money market investments 232119299
Interest on securities 12420432635096
Total interest income 1,8331,9542,1922,481675
Interest expense 
Interest on deposits 49495913557
Interest on short- and long-term borrowings 69386811642
Total interest expense 1188712725199
Net interest income 1,7151,8672,0652,230576
Provision for credit losses 
Provision for loan losses 409324(39)2
Provision for unfunded lending commitments (6)(10)(7)(1)2
Total provision for credit losses NANANANA4
Net interest income after provision for loan losses 1,6751,7742,0412,269572
Noninterest income 
Service charges and fees on deposit accounts 16817117116640
Other service charges, commissions and fees 18720821722854
Wealth management and trust income 3137425113
Loan sales and servicing income 313525255
Capital markets and foreign exchange 262230318
Customer-related fees 443473485501120
Dividends and other investment income 302440439
Securities gains, net (127)71411
Other 1112572
Total noninterest income 357516544552132
Noninterest expense 
Salaries and employee benefits 9739781,0061,070287
Occupancy, net 12012512913233
Furniture, equipment and software, net 12312513012632
Other real estate expense, net (1)(2)(1)1(1)
Credit-related expense 292529256
Professional and legal services 5056575211
Advertising 252222265
FDIC premiums 344053506
Amortization of core deposit and other intangibles 9NANANANA
Other 22522623119751
Total noninterest expense 1,5811,5851,6491,678430
Income before income taxes 4517059361,143274
Income taxes 14223634425961
Net income 309469592884213
Preferred stock dividends (62)(48)(40)(34)(8)
Preferred stock redemption 0(10)(2)0NA
Net earnings applicable to common shareholders 247411550850205
Weighted average common shares outstanding during the period 
Basic shares (in thousands) 203,265203,855200,776193,589184,767
Diluted shares (in thousands) 203,698204,269209,653206,501195,241
Net earnings per common share 
Diluted 1.21.992.64.081.04
Net income for the period 309469592884213
Other comprehensive income (loss), net of tax 
Net unrealized holding gains (losses) on investment securities (23)(74)(2)(113)122
Reclassification of HTM securities to AFS securities 11NANANANA
Reclassification to earnings for realized net securities losses 86NANANANA
Net unrealized gains (losses) on other noninterest-bearing investments (3)232(3)
Net unrealized holding gains (losses) on derivative instruments 75(3)(4)8
Reclassification adjustment for decrease in interest income recognized in earnings on derivative instruments (6)(7)(2)31
Pension and postretirement 17121NA
Effect of new tax rates from Tax Cuts and Jobs Act of 2017 00(25)0NA
Other comprehensive income (loss) 73(67)(17)(111)128
Comprehensive income 382402575773341

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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