v3.25.2
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net interest income        
Interest income $ 32,048 $ 29,064 $ 63,413 $ 57,449
Interest Expense, Operating (26,749) (24,136) (53,012) (47,762)
Net interest income 5,299 4,928 10,401 9,687
Non-interest income        
Guarantee income 398 383 838 879
Investment gains, net 119 549 311 954
Other income 100 128 218 225
Non-interest income 617 1,060 1,367 2,058
Net revenues 5,916 5,988 11,768 11,745
(Provision) benefit for credit losses (783) (394) (1,063) (575)
Non-interest expense        
Salaries and employee benefits (453) (420) (876) (841)
Professional services, technology, and occupancy (295) (269) (548) (540)
Credit enhancement expense (511) (588) (1,051) (1,185)
Legislative and regulatory assessments (825) (802) (1,642) (1,589)
Other expense (74) (55) (129) (101)
Non-interest expense (2,158) (2,134) (4,246) (4,256)
Income before income tax expense 2,975 3,460 6,459 6,914
Income tax expense (588) (695) (1,278) (1,383)
Net income 2,387 2,765 5,181 5,531
Other Comprehensive Income (Loss), Net of Tax [Abstract]        
Other comprehensive income (loss), net of taxes and reclassification adjustments 21 (5) 55 (30)
Comprehensive income 2,408 2,760 5,236 5,501
Net income 2,387 2,765 5,181 5,531
Amounts attributable to senior preferred stock (2,408) (2,760) (5,236) (5,501)
Net income (loss) attributable to common stockholders $ (21) $ 5 $ (55) $ 30
Net income (loss) per common share - basic (in dollars per share) $ (0.01) $ 0.00 $ (0.02) $ 0.01
Net income (loss) per common share - diluted (in dollars per share) $ (0.01) $ 0.00 $ (0.02) $ 0.01
Weighted average common shares outstanding - basic (in shares) 3,234 3,234 3,234 3,234
Weighted average common shares outstanding - diluted (in shares) 3,234 3,234 3,234 3,234