v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST INCOME:        
Interest and fees on loans and leases $ 1,968 $ 1,851 $ 3,852 $ 3,680
Interest and fees on loans held for sale 26 36 47 52
Investment securities 446 [1] 428 [1] 870 846
Interest-bearing deposits in banks 103 92 194 181
Total interest income 2,543 2,407 4,963 4,759
INTEREST EXPENSE:        
Deposits 747 802 1,462 1,597
Short-term borrowed funds 9 9 13 17
Long-term borrowed funds 156 159 295 317
Total interest expense 912 970 1,770 1,931
Net interest income 1,631 1,437 3,193 2,828
Provision (benefit) for credit losses 134 164 274 317
Net interest income after provision (benefit) for credit losses 1,497 1,273 2,919 2,511
NONINTEREST INCOME:        
Service charges and fees 117 111 229 220
Capital markets fees 153 105 287 205
Wealth fees 102 88 202 169
Card fees 89 90 172 173
Mortgage banking fees 42 73 84 132
Foreign exchange and derivative products 47 41 91 80
Letter of credit and loan fees 52 45 102 89
Securities gains, net 6 5 13 12
Other income 44 42 78 64
Total noninterest income 652 600 1,258 1,144
NONINTEREST EXPENSE:        
Salaries and employee benefits 745 681 1,503 1,377
Equipment and software 195 193 392 387
Outside services 174 169 336 324
Occupancy 108 108 222 220
Other operating expense 172 168 319 325
Total noninterest expense 1,394 1,319 2,772 2,633
Income before income tax expense 755 554 1,405 1,022
Income tax expense 168 118 301 213
NET INCOME 587 436 1,104 809
Net income available to common stockholders $ 554 $ 402 $ 1,038 $ 742
Weighted-average common shares outstanding:        
Basic (in shares) 422,871,137 433,640,210 424,100,982 435,967,554
Diluted (in Shares) 426,681,848 436,539,774 428,274,078 439,342,703
Per common share information:        
Basic earnings (in dollars per share) $ 1.31 $ 0.93 $ 2.45 $ 1.70
Diluted earnings (in dollars per share) $ 1.30 $ 0.92 $ 2.42 $ 1.69
[1] Comprised primarily of taxable interest income for all periods presented.