Overview Financials News + Filings Key Docs Charts Holdings Ownership Insiders
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In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 4,241 | 3,532 | 3,866 | 4,267 | 4,023 | 3,677 | 2,773 | 2,149 |
Interest income on investments | 752 | 546 | 484 | 537 | | | | |
Interest income on trading account | | | | | | | | 21 |
| 97 | 28 | 18 | 61 | 46 | 26 | 22 | 8 |
Interest expense: |
Interest on deposits | 279 | 67 | 347 | 853 | 517 | 278 | 171 | 105 |
| 885 | 296 | 651 | 3,488 | 2,434 | 1,489 | 961 | 274 |
Net interest income | 4,527 | 4,071 | 4,034 | 3,909 | 3,909 | 3,777 | 2,919 | 2,348 |
Provision for loan losses | 502 | -418 | 1,021 | 445 | 246 | 229 | 266 | 166 |
Net interest income after provision for loan losses | 4,025 | 4,489 | 3,013 | 3,464 | 3,663 | 3,548 | 2,653 | 2,182 |
Deposit and loan fees | 350 | 337 | 311 | 337 | 349 | 357 | 302 | 256 |
Credit and debit card fees | | | | | | | | 183 |
Other non-interest income | 2,368 | 2,857 | 2,341 | 2,122 | 2,166 | 2,121 | 1,769 | 1,441 |
Total non-interest income | 2,718 | 3,194 | 2,652 | 2,459 | 2,515 | 2,478 | 2,071 | 1,880 |
Non-interest expenses | 4,410 | 4,429 | 4,109 | 3,901 | 3,975 | 4,098 | 3,756 | 2,840 |
Equity in earnings | | | | | | | | 51 |
Pre-tax income | 2,333 | 3,254 | 1,556 | 2,022 | 2,203 | 1,928 | 968 | 1,222 |
Income taxes | 422 | 642 | 227 | 314 | 344 | 637 | 179 | 303 |
Tax rate | 18.1% | 19.7% | 14.6% | 15.5% | 15.6% | 33.0% | 18.5% | 24.8% |
Minority interest | | | | | | 2 | -1 | 4 |
Earnings from continuing ops | 1,793 | 2,506 | 1,223 | 1,611 | 1,793 | 1,219 | 753 | 892 |
Earnings from discontinued ops | 6 | 13 | 14 | 9 | 7 | 7 | 1 | 1 |
Net income | 1,799 | 2,519 | 1,237 | 1,620 | 1,800 | 1,226 | 754 | 893 |
Net margin | 26.7% | 32.8% | 21.8% | 27.4% | 29.1% | 20.3% | 16.0% | 22.0% |
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Basic EPS | $1.94 | $2.65 | $1.26 | $1.62 | $1.72 | $1.14 | $0.81 | $1.07 |
Diluted EPS | $1.92 | $2.62 | $1.25 | $1.61 | $1.70 | $1.12 | $0.80 | $1.06 |
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Shares outstanding (basic) | 924 | 947 | 968 | 992 | 1,041 | 1,072 | 928 | 837 |
Shares outstanding (diluted) | 933 | 957 | 975 | 1,002 | 1,055 | 1,089 | 939 | 844 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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