v3.25.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income    
Interest and fees on loans and leases $ 4,493 $ 4,865
Interest on securities 975 805
Interest on other earning assets 520 514
Total interest income 5,988 6,184
Interest Expense    
Interest on deposits 1,736 1,964
Interest on long-term debt 409 482
Interest on other borrowings 336 366
Total interest expense 2,481 2,812
Net Interest Income 3,507 3,372
Provision for credit losses 458 500
Net Interest Income After Provision for Credit Losses 3,049 2,872
Noninterest Income    
Noninterest Income 1,392 1,446
Noninterest Expense    
Personnel expense 1,587 1,630
Professional fees and outside processing 364 278
Software expense 230 224
Net occupancy expense 163 160
Equipment expense 82 88
Amortization of Intangible Assets 75 88
Marketing and customer development 75 56
Operating lease depreciation 35 40
Regulatory costs 69 152
Restructuring charges 38 51
Other expense 188 186
Total noninterest expense 2,906 2,953
Earnings    
Income before income taxes 1,535 1,365
Provision for income taxes 274 232
Net income from continuing operations 1,261 1,133
Net income from discontinued operations 0 67
Net income (loss) 1,261 1,200
Noncontrolling interests from discontinued operations 0 3
Preferred stock dividends and other 104 106
Net income available to common shareholders $ 1,157 $ 1,091
Basic earnings from continuing operations $ 0.88 $ 0.77
Basic EPS 0.88 0.82
Diluted earnings from continuing operations 0.87 0.76
Diluted EPS $ 0.87 $ 0.81
Basic weighted average shares outstanding 1,307,457 1,335,091
Diluted weighted average shares outstanding 1,324,339 1,346,904
Wealth management income    
Noninterest Income    
Noninterest Income $ 344 $ 356
Investment banking and trading income    
Noninterest Income    
Noninterest Income 273 323
Card and payment related fees    
Noninterest Income    
Noninterest Income 220 224
Service charges on deposits    
Noninterest Income    
Noninterest Income 230 225
Mortgage banking income    
Noninterest Income    
Noninterest Income 108 97
Lending related fees    
Noninterest Income    
Noninterest Income 95 96
Operating lease income    
Noninterest Income    
Noninterest Income 53 59
Securities gains (losses)    
Noninterest Income    
Noninterest Income (1) 0
Other income    
Noninterest Income    
Noninterest Income $ 70 $ 66