v3.25.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ 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 $ 875 $ 877 $ 1,725 $ 1,742
Interest on money market investments 50 56 103 103
Interest on securities 126 140 251 282
Total interest income 1,051 1,073 2,079 2,127
Interest expense:        
Interest on deposits 312 390 638 766
Interest on short- and long-term borrowings 91 86 169 178
Total interest expense 403 476 807 944
Net interest income 648 597 1,272 1,183
Provision for credit losses:        
Provision for loan and lease losses 3 12 20 33
Provision for unfunded lending commitments (4) (7) (3) (15)
Total provision for credit losses (1) 5 17 18
Net interest income after provision for credit losses 649 592 1,255 1,165
Noninterest income:        
Commercial account fees 46 45 91 89
Card fees 24 25 47 48
Retail and business banking fees 19 16 36 32
Loan-related fees and income 19 18 36 33
Capital markets fees and income 28 20 55 45
Wealth management fees 14 15 29 30
Other customer-related fees 14 14 28 28
Customer-related noninterest income 164 153 322 305
Dividends and other income 12 22 19 28
Securities gains (losses), net 14 4 20 2
Total noninterest income 190 179 361 335
Noninterest expense:        
Salaries and employee benefits 336 318 678 649
Technology, telecom, and information processing 65 66 135 128
Occupancy and equipment, net 40 40 81 79
Professional and legal services 13 17 26 33
Marketing and business development 12 13 23 23
Deposit insurance and regulatory expense 20 21 42 55
Credit-related expense 6 6 12 13
Other real estate expense, net 0 (1) 0 (1)
Other 35 29 68 56
Total noninterest expense 527 509 1,065 1,035
Income before income taxes 312 262 551 465
Income taxes 68 61 137 111
Net income 244 201 414 354
Preferred stock dividends (1) (11) (2) (21)
Net earnings applicable to common shareholders $ 243 $ 190 $ 412 $ 333
Weighted average common shares outstanding during the period:        
Basic shares (in shares) 147,044 147,115 147,182 147,227
Diluted shares (in shares) 147,053 147,120 147,210 147,231
Net earnings per common share:        
Basic (in dollars per share) $ 1.63 $ 1.28 $ 2.77 $ 2.24
Diluted (in dollars per share) $ 1.63 $ 1.28 $ 2.77 $ 2.24