v3.25.2
Strategic Lines of Business (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Business Segment Financial Results
Business segment financial results were as follows:
(dollar amounts in millions)Commercial
Bank		Retail
Bank		Wealth ManagementFinanceOtherTotal
Three Months Ended June 30, 2025
Earnings summary:
Net interest income (expense)$453 $245 $47$(211)$41 $575 
Provision (benefit) for credit losses
48 (2)(1)— (1)44 
Noninterest income149 26 7617 6 274 
Salaries and benefits expense
76 49 3416 183 358 
Outside processing fee expense
48 2 102 5 67 
Occupancy expense
6 25 3— 12 46 
Allocated corporate expense
119 73 28(19)(201)— 
All other noninterest expenses (a)
3 18 102 57 90 
Total noninterest expenses
252 167 851 56 561 
Provision (benefit) for income taxes59 24 9(47)— 45 
Net income (loss)$243 $82 $30$(148)$(8)$199 
Net charge-offs$25 $3 $— $— $— $28
Selected average balances:
Assets $45,375 $3,062 $5,241$17,113 $6,752 $77,543
Loans 43,146 2,409 5,104— 6 50,665
Deposits32,272 23,443 3,5761,666 289 61,246
Three Months Ended June 30, 2024
Earnings summary:
Net interest income (expense)$465 $203 $48$(220)$37 $533 
Provision (benefit) for credit losses
— 1 (2)— 1 — 
Noninterest income146 33 7833 1 291 
Salaries and benefits expense
71 49 3314 156 323 
Outside processing fee expense
49 3 101 5 68 
Occupancy expense
6 27 31 7 44 
Allocated corporate expense
95 75 29(17)(182)— 
All other noninterest expenses (a)
29 23 132 53 120 
Total noninterest expenses250 177 881 39 555 
Provision (benefit) for income taxes85 14 10(46)— 63 
Net income (loss)$276 $44 $30$(142)$(2)$206 
Net charge-offs$8 $2 $1 $— $— $11
Selected average balances:
Assets$45,843 $3,029 $5,299$18,448 $6,588 $79,207
Loans43,709 2,322 5,026— 14 51,071
Deposits31,176 24,590 3,9513,032 306 63,055
(a)All other noninterest expenses for each reportable business segment includes:
i.Commercial Bank - Primarily net benefit from settlements and dismissed litigation and FDIC insurance expense.
ii.Retail Bank - Primarily equipment expense and FDIC insurance expense.
iii.Wealth Management - Primarily professional fees and software expense.
(dollar amounts in millions)Commercial
Bank		Retail
Bank		Wealth ManagementFinanceOtherTotal
Six Months Ended June 30, 2025
Earnings Summary:
Net interest income (expense)$925 $499 $95 $(451)$82 $1,150 
Provision (benefit) for credit losses79 (7)(7)— (1)64 
Noninterest income284 52 147 40 5 528 
Salaries and benefits expense
157 100 69 33 367 726 
Outside processing fee expense
94 4 20 3 10 131 
Occupancy expense
12 50 6 1 23 92 
Allocated corporate expense
238 153 63 (39)(415)— 
All other noninterest expenses (a)
18 40 24 4 110 196 
Total noninterest expenses519 347 182 2 95 1,145 
Provision (benefit) for income taxes130 50 16 (99)1 98 
Net income (loss)$481 $161 $51 $(314)$(8)$371 
Net charge-offs$51 $3 $— $— $— $54 
Selected Average Balances:
Assets $45,168 $3,057 $5,206 $17,272 $6,847 $77,550 
Loans 43,000 2,394 5,044 — 3 50,441 
Deposits32,510 23,539 3,598 1,650 272 61,569 
Six Months Ended June 30, 2024
Earnings Summary:
Net interest income (expense)$942 $404 $94 $(437)$78 $1,081 
Provision (benefit) for credit losses
16 — (1)— (1)14 
Noninterest income293 61 143 23 7 527 
Salaries and benefits expense
150 100 69 28 324 671 
Outside processing fee expense
98 5 21 2 10 136 
Occupancy expense
12 51 6 2 17 88 
Allocated corporate expense
198 151 60 (35)(374)— 
All other noninterest expenses (a)
67 51 29 7 109 263 
Total noninterest expenses525 358 185 4 86 1,158 
Provision (benefit) for income taxes142 22 11 (87)4 92 
Net income (loss)$552 $85 $42 $(331)$(4)$344 
Net charge-offs
$22 $2 $1 $— $— $25 
Selected Average Balances:
Assets$46,163 $3,028 $5,372 $18,752 $8,097 $81,412 
Loans43,810 2,309 5,089 — 13 51,221 
Deposits31,694 24,487 3,925 3,786 291 64,183 
(a)