v3.26.1
BUSINESS SEGMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of segment reporting information
The following tables present certain financial data of the Company’s business segments:
Three Months Ended June 30, 2026
(dollars in millions)Consumer BankingCommercial BankingOtherConsolidated
Net interest income$1,348 $467 ($184)$1,631 
Noninterest income314 292 46 652 
Total revenue1,662 759 (138)2,283 
Direct expenses(1)(2)
725 222 447 1,394 
Indirect expenses(3)
291 104 (395)— 
Noninterest expense1,016 326 52 1,394 
Profit (loss) before provision (benefit) for credit losses646 433 (190)889 
Provision (benefit) for credit losses72 63 (1)134 
Income (loss) before income tax expense (benefit)574 370 (189)755 
Income tax expense (benefit)148 90 (70)168 
Net income (loss)$426 $280 ($119)$587 
Total average assets$85,302 $69,614 $74,347 $229,263 
(1) Represents operating expenses incurred by the business segments and primarily includes salaries and employee benefits, equipment and software, outside services, and occupancy.
(2) Includes depreciation and amortization of $31 million, $4 million, and $72 million, respectively, for the Consumer Banking, Commercial Banking, and Other business segments.
(3) Represents allocated corporate overhead from support functions such as information technology, finance, risk, and human resources.
Three Months Ended June 30, 2025
(dollars in millions)Consumer BankingCommercial BankingOtherConsolidated
Net interest income$1,218 $439 ($220)$1,437 
Noninterest income329 232 39 600 
Total revenue 1,547 671 (181)2,037 
Direct expenses(1)(2)
679 219 421 1,319 
Indirect expenses(3)
284 98 (382)— 
Noninterest expense963 317 39 1,319 
Profit (loss) before provision (benefit) for credit losses584 354 (220)718 
Provision (benefit) for credit losses81 84 (1)164 
Income (loss) before income tax expense (benefit)503 270 (219)554 
Income tax expense (benefit)127 64 (73)118 
Net income (loss)$376 $206 ($146)$436 
Total average assets $78,822 $66,284 $72,555 $217,661 
(1) Represents operating expenses incurred by the business segments and primarily includes salaries and employee benefits, equipment and software, outside services, and occupancy.
(2) Includes depreciation and amortization of $32 million, $5 million, and $77 million, respectively, for the Consumer Banking, Commercial Banking, and Other business segments.
(3) Represents allocated corporate overhead from support functions such as information technology, finance, risk, and human resources.
Six Months Ended June 30, 2026
(dollars in millions)Consumer BankingCommercial BankingOtherConsolidated
Net interest income$2,657 $923 ($387)$3,193 
Noninterest income613 555 90 1,258 
Total revenue3,270 1,478 (297)4,451 
Direct expenses(1)(2)
1,449 450 873 2,772 
Indirect expenses(3)
595 210 (805)— 
Noninterest expense2,044 660 68 2,772 
Profit (loss) before provision (benefit) for credit losses1,226 818 (365)1,679 
Provision (benefit) for credit losses143 127 4 274 
Income (loss) before income tax expense (benefit)1,083 691 (369)1,405 
Income tax expense (benefit)279 168 (146)301 
Net income (loss)$804 $523 ($223)$1,104 
Total average assets$84,590 $68,681 $73,486 $226,757 
(1) Represents operating expenses incurred by the business segments and primarily includes salaries and employee benefits, equipment and software, outside services, and occupancy.
(2) Includes depreciation and amortization of $63 million, $8 million, and $145 million, respectively, for the Consumer Banking, Commercial Banking, and Other business segments.
(3) Represents allocated corporate overhead from support functions such as information technology, finance, risk, and human resources.
Six Months Ended June 30, 2025
(dollars in millions)Consumer BankingCommercial BankingOtherConsolidated
Net interest income$2,411 $880 ($463)$2,828 
Noninterest income626 447 71 1,144 
Total revenue 3,037 1,327 (392)3,972 
Direct expenses(1)(2)
1,348 437 848 2,633 
Indirect expenses(3)
569 207 (776)— 
Noninterest expense1,917 644 72 2,633 
Profit (loss) before provision (benefit) for credit losses1,120 683 (464)1,339 
Provision (benefit) for credit losses167 161 (11)317 
Income (loss) before income tax expense (benefit)953 522 (453)1,022 
Income tax expense (benefit)241 120 (148)213 
Net income (loss)$712 $402 ($305)$809 
Total average assets $78,182 $65,827 $72,980 $216,989 
(1) Represents operating expenses incurred by the business segments and primarily includes salaries and employee benefits, equipment and software, outside services, and occupancy.
(2) Includes depreciation and amortization of $61 million, $10 million, and $155 million, respectively, for the Consumer Banking, Commercial Banking, and Other business segments.
(3) Represents allocated corporate overhead from support functions such as information technology, finance, risk, and human resources.