v3.26.1
Segments (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2026:(in millions)
Assets:
Cash, cash equivalents, and investment securities$26,558 $14 $— $26,544 
Loans HFS4,347 62 4,285 — 
Loans HFI, net of deferred fees and costs60,949 36,153 24,796 — 
Less: allowance for credit losses(487)(413)(74)— 
Net loans HFI60,462 35,740 24,722 — 
Goodwill and other intangible assets, net644 290 354 — 
Other assets6,690 378 2,483 3,829 
Total assets$98,701 $36,484 $31,844 $30,373 
Liabilities:
Deposits$81,874 $31,220 $44,619 $6,035 
Borrowings and qualifying debt7,305 — 57 7,248 
Other liabilities1,387 108 500 779 
Total liabilities90,566 31,328 45,176 14,062 
Allocated equity:8,135 3,584 2,637 1,914 
Total liabilities and equity$98,701 $34,912 $47,813 $15,976 
Excess funds (used) provided$— $(1,572)$15,969 $(14,397)
Income Statement:
Three Months Ended June 30, 2026:(in millions)
Interest income$1,231.9 $608.6 $342.3 $281.0 
Interest expense435.0 165.1 151.7 118.2 
Funds transfer pricing— (62.0)343.0 (281.0)
Net interest income (expense)796.9 381.5 533.6 (118.2)
Provision for (recovery of) credit losses80.4 82.7 (2.7)0.4 
Net interest income (expense) after provision for credit losses716.5 298.8 536.3 (118.6)
Non-interest income198.8 56.9 109.6 32.3 
Salaries and employee benefits204.3 43.8 52.9 107.6 
Other non-interest expense (1)379.0 139.3 338.7 (99.0)
Income (loss) before provision for income taxes332.0 172.6 254.3 (94.9)
Income tax expense (benefit)63.2 32.8 48.8 (18.4)
Net income (loss)$268.8 $139.8 $205.5 $(76.5)
Six Months Ended June 30, 2026:(in millions)
Interest income$2,420.1 $1,207.0 $672.3 $540.8 
Interest expense856.9 323.4 302.5 231.0 
Funds transfer pricing— (131.6)648.3 (516.7)
Net interest income (expense)1,563.2 752.0 1,018.1 (206.9)
Provision for (recovery of) credit losses293.6 288.9 3.8 0.9 
Net interest income (expense) after provision for credit losses1,269.6 463.1 1,014.3 (207.8)
Non-interest income451.4 104.7 228.1 118.6 
Salaries and employee benefits409.8 87.8 103.7 218.3 
Other non-interest expense (1)747.9 278.1 660.6 (190.8)
Income (loss) before provision for income taxes563.3 201.9 478.1 (116.7)
Income tax expense (benefit)105.3 37.8 88.3 (20.8)
Net income (loss)$458.0 $164.1 $389.8 $(95.9)
(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 June 30, 2025:(in millions)
Interest income$1,154.4 $612.9 $303.3 $238.2 
Interest expense456.8 153.5 156.9 146.4 
Funds transfer pricing— (138.3)286.0 (147.7)
Net interest income697.6 321.1 432.4 (55.9)
Provision for credit losses39.9 35.0 4.8 0.1 
Net interest income after provision for credit losses657.7 286.1 427.6 (56.0)
Non-interest income148.3 38.3 86.0 24.0 
Salaries and employee benefits179.9 35.4 39.1 105.4 
Other non-interest expense (1)334.8 134.4 291.2 (90.8)
Income (loss) before provision for income taxes291.3 154.6 183.3 (46.6)
Income tax expense53.5 28.1 34.3 (8.9)
Net income$237.8 $126.5 $149.0 $(37.7)
Six Months Ended June 30, 2025:
Interest income$2,250.0 $1,204.4 $588.5 $457.1 
Interest expense901.8 303.4 312.9 285.5 
Funds transfer pricing— (270.1)556.2 (286.1)
Net interest income1,348.2 630.9 831.8 (114.5)
Provision for credit losses71.1 66.2 9.9 (5.0)
Net interest income (expense) after provision for credit losses1,277.1 564.7 821.9 (109.5)
Non-interest income275.7 75.2 165.5 35.0 
Salaries and employee benefits362.3 79.6 82.1 200.6 
Other non-interest expense (1)652.8 259.2 557.9 (164.3)
Income before provision for income taxes537.7 301.1 347.4 (110.8)
Income tax expense100.8 50.5 59.5 (9.2)
Net income (loss)$436.9 $250.6 $287.9 $(101.6)
(1)    The composition of Other non-interest expense is consistent with Non-interest expense as presented in the Consolidated Income Statement.