v3.25.2
Consolidated Statements Of Comprehensive Income (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME        
Interest and fees on loans $ 771 $ 803 $ 1,530 $ 1,611
Interest on investment securities 107 101 216 203
Interest on short-term investments 53 67 109 176
Total interest income 931 971 1,855 1,990
INTEREST EXPENSE        
Interest on deposits 256 305 508 622
Interest on short-term borrowings 15 9 17 46
Interest on medium- and long-term debt [1] 85 124 180 241
Total interest expense 356 438 705 909
Net interest income 575 533 1,150 1,081
Provision for credit losses 44 0 64 14
Net interest income after provision for credit losses 531 533 1,086 1,067
NONINTEREST INCOME        
Card fees 59 64 118 130
Fiduciary income 57 58 109 109
Service charges on deposit accounts 47 46 93 91
Capital markets income 42 37 73 67
Commercial lending fees 17 17 33 33
Brokerage fees 14 14 28 24
Letter of credit fees 9 11 18 21
Bank-owned life insurance 10 10 21 20
Risk management hedging income (loss) 5 17 12 (8)
Other noninterest income 14 17 23 40
Total noninterest income 274 291 528 527
NONINTEREST EXPENSES        
Salaries and benefits expense 358 323 726 671
Outside processing fee expense 67 68 131 136
Software expense 48 45 96 89
Occupancy expense 46 44 92 88
Equipment expense 13 13 26 25
FDIC insurance expense 11 19 25 55
Advertising expense 11 12 19 20
Other noninterest expenses 7 31 30 74
Total noninterest expenses 561 555 1,145 1,158
Income before income taxes 244 269 469 436
Provision for income taxes 45 63 98 92
NET INCOME 199 206 371 344
Less:        
Income allocated to participating securities 1 1 2 2
Preferred stock dividends and other (a) 11 5 17 11
Net income attributable to common shares $ 187 $ 200 $ 352 $ 331
Earnings per common share:        
Basic (in dollars per share) $ 1.43 $ 1.50 $ 2.69 $ 2.49
Diluted (in dollars per share) $ 1.42 $ 1.49 $ 2.66 $ 2.47
Comprehensive income (loss) $ 395 $ 200 $ 1,033 $ (71)
Cash dividends declared on common stock $ 93 $ 95 $ 186 $ 189
Cash dividends declared per common share (in dollars per share) $ 0.71 $ 0.71 $ 1.42 $ 1.42
[1] Includes the effects of hedging.