v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Interest and fees on loans $ 841 $ 850
Interest on money market investments 39 53
Interest on securities 116 125
Total interest income 996 1,028
Interest expense:    
Interest on deposits 275 326
Interest on short- and long-term borrowings 59 78
Total interest expense 334 404
Net interest income 662 624
Provision for credit losses:    
Provision for loan and lease losses (7) 17
Provision for unfunded lending commitments 0 1
Total provision for credit losses (7) 18
Net interest income after provision for credit losses 669 606
Noninterest income:    
Commercial account fees 48 45
Card fees 22 23
Retail and business banking fees 20 17
Loan-related fees and income 23 17
Capital markets fees and income 28 27
Wealth management fees 16 15
Other customer-related fees 15 14
Customer-related noninterest income 172 158
Dividends and other income 12 7
Securities gains (losses), net 3 6
Total noninterest income 187 171
Noninterest expense:    
Salaries and employee benefits 361 342
Technology, telecom, and information processing 74 70
Occupancy and equipment, net 41 41
Professional and legal services 20 13
Marketing and business development 13 11
Deposit insurance and regulatory expense 15 22
Credit-related expense 5 6
Other real estate expense, net 0 0
Other 33 33
Total noninterest expense 562 538
Income before income taxes 294 239
Income taxes 61 69
Net income 233 170
Preferred stock dividends (1) (1)
Net earnings applicable to common shareholders $ 232 $ 169
Weighted average common shares outstanding during the period:    
Basic shares (in shares) 146,946 147,321
Diluted shares (in shares) 147,038 147,387
Net earnings per common share:    
Basic (in dollars per share) $ 1.56 $ 1.13
Diluted (in dollars per share) $ 1.56 $ 1.13