Net interest income of $1.4B falls from $1.45B in Q3 and $1.5B a year ago. Net interest margin of 3.56% is off 12 bps from Q3 and 28 bps from a year ago.
Noninterest income of $985M slips from $1.02B a year ago, with mortgage banking income off $131M. Credit loss provisions fell $185M, or 72.3% from a year ago. Net charge offs fell $154M. The reserve release of $70M compared to $39M a year ago.
Noninterest expenses of $1.5B fell 2.2% Y/Y thanks to a big drop in foreclosed property expenses.