v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Loans, including fees $ 1,260 $ 548
Investment securities 197 87
Other earning assets 57 34
Total interest income 1,514 669
Interest expense:    
Deposits 521 274
FHLB advances and other borrowings 59 29
Federal funds purchased and securities sold under repurchase agreements 1 1
Total interest expense 581 304
Net interest income 933 365
Provision for credit losses 76 17
Net interest income after provision for credit losses 857 348
Non-interest revenue:    
Core banking fees 91 32
Wealth management revenue 84 33
Income from equity method investment 31 20
Capital markets income 18 3
Total loan sales and servicing 10 6
Income from bank-owned life insurance 20 10
Investment securities gains (losses), net 3 (13)
Other non-interest revenue 27 6
Total non-interest revenue 284 97
Non-interest expense:    
Salaries and other personnel expense 396 172
Net occupancy, equipment, and software expense 97 42
Amortization of intangibles 48 1
FDIC insurance and other regulatory fees 23 11
Merger-related expense 275 0
Other operating expense 113 49
Total non-interest expense 952 275
Income before income taxes 189 170
Income tax expense 39 30
Net income 150 140
Less: Preferred stock dividends 15 4
Net income available to common shareholders $ 135 $ 136
Net income per common share, basic (in dollars per share) $ 0.89 $ 1.78
Net income per common share, diluted (in dollars per share) $ 0.89 $ 1.77
Weighted average common shares outstanding, basic (in shares) 150,998 76,727
Weighted average common shares outstanding, diluted (in shares) 151,471 76,965