v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF 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 and leases $ 1,881 $ 1,871 $ 3,696 $ 3,731
Interest on securities 458 458 910 913
Interest on other short-term investments 145 291 311 584
Total interest income 2,484 2,620 4,917 5,228
Interest Expense        
Interest on deposits 732 958 1,476 1,912
Interest on federal funds purchased 2 3 4 6
Interest on other short-term borrowings 59 48 115 95
Interest on long-term debt 196 224 390 444
Total interest expense 989 1,233 1,985 2,457
Net Interest Income 1,495 1,387 2,932 2,771
Provision for credit losses 173 97 347 191
Net Interest Income After Provision for Credit Losses 1,322 1,290 2,585 2,580
Noninterest Income        
Wealth and asset management revenue 166 159 338 320
Commercial payments revenue 152 154 305 298
Consumer banking revenue 147 139 284 275
Capital markets fees 90 93 179 190
Commercial banking revenue 79 90 160 174
Mortgage banking net revenue 56 50 113 104
Other noninterest income 44 7 58 32
Securities gains, net 16 3 7 13
Total noninterest income 750 695 1,444 1,406
Noninterest Expense        
Compensation and benefits 698 656 1,447 1,409
Technology and communications 126 114 250 231
Net occupancy expense 83 83 171 170
Equipment expense 41 38 82 76
Marketing expense 43 34 71 66
Loan and lease expense 36 33 66 62
Card and processing expense 22 21 43 41
Other noninterest expense 215 242 438 507
Total noninterest expense 1,264 1,221 2,568 2,562
Income Before Income Taxes 808 764 1,461 1,424
Applicable income tax expense 180 163 319 302
Net Income 628 601 1,142 1,122
Dividends on preferred stock 37 40 73 81
Net Income Available to Common Shareholders $ 591 $ 561 $ 1,069 $ 1,041
Shares Disclosures        
Earnings per share - basic (in dollars per share) $ 0.88 $ 0.82 $ 1.59 $ 1.52
Earnings per share - diluted (in dollars per share) $ 0.88 $ 0.81 $ 1.58 $ 1.51
Average common shares outstanding - basic (in shares) 670,787,224 686,781,201 670,919,040 686,265,437
Average common shares outstanding - diluted (in shares) 674,034,313 691,082,792 675,031,656 690,858,162