v3.26.1
Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Allowance for Credit Losses, Accounts Receivable
The following table presents changes in our allowance for credit losses:
Credit Card(1)
Commercial and Consumer Banking(1)
Accounts Receivable(1)
Three Months Ended March 31, 2026
Balance at December 31, 2025$49,205 

$1,729 

$2,998 
Provision for credit losses(2)
8,506 

389 

(58)
Net charge-offs(3)
(7,647)

(248)

(258)
Balance at March 31, 2026
$50,064 

$1,870 

$2,682 
Three Months Ended March 31, 2025
Balance at December 31, 2024$44,350 

$2,334 

$2,444 
Provision for credit losses(2)
5,819 

(141)

378 
Net charge-offs(3)
(7,990)

(3)

(33)
Balance at March 31, 2025
$42,179 

$2,190 

$2,789 
_____________________
(1)Credit cards and commercial and consumer banking loans measured at amortized cost, net of allowance for credit losses, are presented within loans held for investment, at amortized cost in the condensed consolidated balance sheets. Accounts receivable balances, net of allowance for credit losses, are presented within other assets in the condensed consolidated balance sheets.
(2)The provision for credit losses on credit cards and commercial and consumer banking loans is presented within provision for credit losses in the condensed consolidated statements of operations and comprehensive income. The provision for credit losses on accounts receivable is presented within noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income.
(3)During the three months ended March 31, 2026 and 2025, recoveries of amounts previously reserved related to credit cards were $1,303 and $764, respectively. There were immaterial recoveries of amounts previously reserved related to commercial and consumer banking loans during the three months ended March 31, 2026 and 2025. During the three months ended March 31, 2026 and 2025, recoveries of amounts previously reserved related to accounts receivable were $2,026 and $302, respectively.
Schedule of Allowance for Credit Losses, Credit Card Loans
The following table presents changes in our allowance for credit losses:
Credit Card(1)
Commercial and Consumer Banking(1)
Accounts Receivable(1)
Three Months Ended March 31, 2026
Balance at December 31, 2025$49,205 

$1,729 

$2,998 
Provision for credit losses(2)
8,506 

389 

(58)
Net charge-offs(3)
(7,647)

(248)

(258)
Balance at March 31, 2026
$50,064 

$1,870 

$2,682 
Three Months Ended March 31, 2025
Balance at December 31, 2024$44,350 

$2,334 

$2,444 
Provision for credit losses(2)
5,819 

(141)

378 
Net charge-offs(3)
(7,990)

(3)

(33)
Balance at March 31, 2025
$42,179 

$2,190 

$2,789 
_____________________
(1)Credit cards and commercial and consumer banking loans measured at amortized cost, net of allowance for credit losses, are presented within loans held for investment, at amortized cost in the condensed consolidated balance sheets. Accounts receivable balances, net of allowance for credit losses, are presented within other assets in the condensed consolidated balance sheets.
(2)The provision for credit losses on credit cards and commercial and consumer banking loans is presented within provision for credit losses in the condensed consolidated statements of operations and comprehensive income. The provision for credit losses on accounts receivable is presented within noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income.
(3)During the three months ended March 31, 2026 and 2025, recoveries of amounts previously reserved related to credit cards were $1,303 and $764, respectively. There were immaterial recoveries of amounts previously reserved related to commercial and consumer banking loans during the three months ended March 31, 2026 and 2025. During the three months ended March 31, 2026 and 2025, recoveries of amounts previously reserved related to accounts receivable were $2,026 and $302, respectively.