v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income    
Loans and leases $ 2,206 $ 2,236
Investment securities 384 414
Deposits at banks 196 245
Total interest income 2,786 2,895
Interest expense    
Deposits 833 893
Borrowings 332 339
Total interest expense 1,165 1,232
Net interest income 1,621 1,663
Provision for credit losses 72 154
Net interest income after provision for credit losses 1,549 1,509
Noninterest income    
Rental income on operating lease equipment 281 270
Fair value adjustment on marketable equity securities, net 3 (5)
Gain on sale of leasing equipment, net 11 5
Loss on extinguishment of debt (8) 0
Other noninterest income 38 14
Total noninterest income 692 635
Noninterest expense    
Depreciation on operating lease equipment 101 98
Maintenance and other operating lease expenses 65 58
Personnel cost 869 818
Net occupancy expense 60 58
Equipment expense 136 136
Professional fees 24 25
Third-party processing fees 93 63
FDIC insurance expense 38 38
Marketing expense 30 32
Acquisition-related expenses 5 42
Intangible asset amortization 13 15
Other noninterest expense 102 110
Total noninterest expense 1,536 1,493
Income before income taxes 705 651
Income tax expense 171 168
Net income 534 483
Preferred stock dividends 26 15
Net income available to common stockholders, basic 508 468
Net income available to common shareholders, diluted $ 508 $ 468
Earnings per common share    
Basic (in dollars per share) $ 42.63 $ 34.47
Diluted (in dollars per share) $ 42.63 $ 34.47
Weighted average common shares outstanding    
Basic (in shares) 11,924,899 13,575,231
Diluted (in shares) 11,924,899 13,575,231
Lending-related fees    
Noninterest income    
Noninterest income $ 69 $ 66
Deposit fees and service charges    
Noninterest income    
Noninterest income 70 58
Client investment fees    
Noninterest income    
Noninterest income 53 53
Wealth management services    
Noninterest income    
Noninterest income 59 56
International fees    
Noninterest income    
Noninterest income 35 32
Factoring commissions    
Noninterest income    
Noninterest income 17 17
Cardholder services, net    
Noninterest income    
Noninterest income 38 41
Merchant services, net    
Noninterest income    
Noninterest income 13 14
Insurance commissions    
Noninterest income    
Noninterest income $ 13 $ 14