v3.26.1
Segments (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Operating Segment Information
The following is a summary of operating segment information for the periods indicated:
Balance Sheet:Consolidated CompanyCommercialConsumer RelatedCorporate & Other
At March 31, 2026:(in millions)
Assets:
Cash, cash equivalents, and investment securities$28,946 $13 $— $28,933 
Loans HFS3,936 65 3,871 — 
Loans HFI, net of deferred fees and costs59,142 35,234 23,908 — 
Less: allowance for credit losses(461)(389)(72)— 
Net loans HFI58,681 34,845 23,836 — 
Goodwill and other intangible assets, net646 290 356 — 
Other assets6,644 368 2,414 3,862 
Total assets$98,853 $35,581 $30,477 $32,795 
Liabilities:
Deposits$82,723 $31,096 $45,923 $5,704 
Borrowings and qualifying debt6,682 — 24 6,658 
Other liabilities1,540 97 418 1,025 
Total liabilities90,945 31,193 46,365 13,387 
Allocated equity:7,908 3,645 2,688 1,575 
Total liabilities and equity$98,853 $34,838 $49,053 $14,962 
Excess funds (used) provided$— $(743)$18,576 $(17,833)
Income Statement:
Three Months Ended March 31, 2026:(in millions)
Interest income$1,188.2 $598.5 $329.9 $259.8 
Interest expense421.9 158.3 150.7 112.9 
Funds transfer pricing— (69.7)305.4 (235.7)
Net interest income (expense)766.3 370.5 484.6 (88.8)
Provision for (recovery of) credit losses213.2 206.3 6.4 0.5 
Net interest income (expense) after provision for credit losses553.1 164.2 478.2 (89.3)
Non-interest income252.6 47.8 118.4 86.4 
Salaries and employee benefits205.5 44.0 50.8 110.7 
Other non-interest expense (1)368.9 138.7 322.0 (91.8)
Income (loss) before provision for income taxes231.3 29.3 223.8 (21.8)
Income tax expense (benefit)42.1 5.0 39.5 (2.4)
Net income (loss)$189.2 $24.3 $184.3 $(19.4)
(1)    The composition of Other non-interest expense is consistent with Non-interest expense as presented in the Consolidated Income Statement.
Balance Sheet:Consolidated CompanyCommercialConsumer RelatedCorporate & Other
At December 31, 2025:(in millions)
Assets:
Cash, cash equivalents, and investment securities$24,034 $16 $— $24,018 
Loans HFS3,498 67 3,431 — 
Loans HFI, net of deferred fees and costs58,677 34,784 23,893 — 
Less: allowance for credit losses(461)(390)(71)— 
Net loans HFI58,216 34,394 23,822 — 
Goodwill and other intangible assets, net649 290 359 — 
Other assets6,377 352 2,237 3,788 
Total assets$92,774 $35,119 $29,849 $27,806 
Liabilities:
Deposits$77,159 $30,806 $40,466 $5,887 
Borrowings and qualifying debt6,316 — 48 6,268 
Other liabilities1,353 91 336 926 
Total liabilities84,828 30,897 40,850 13,081 
Allocated equity:7,946 3,400 2,570 1,976 
Total liabilities and equity$92,774 $34,297 $43,420 $15,057 
Excess funds provided (used)$— $(822)$13,571 $(12,749)
Income Statement:
Three Months Ended March 31, 2025:
Interest income$1,095.6 $591.5 $285.2 $218.9 
Interest expense445.0 149.9 156.0 139.1 
Funds transfer pricing— (131.7)270.1 (138.4)
Net interest income650.6 309.9 399.3 (58.6)
Provision for credit losses31.2 31.3 5.0 (5.1)
Net interest income (expense) after provision for credit losses619.4 278.6 394.3 (53.5)
Non-interest income127.4 36.9 79.5 11.0 
Salaries and employee benefits182.4 44.2 43.1 95.1 
Other non-interest expense (1)318.0 124.7 266.7 (73.4)
Income before provision for income taxes246.4 146.6 164.0 (64.2)
Income tax expense47.3 22.4 25.2 (0.3)
Net income (loss)$199.1 $124.2 $138.8 $(63.9)
(1)    The composition of Other non-interest expense is consistent with Non-interest expense as presented in the Consolidated Income Statement.