v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans, including fees $ 1,310 $ 570 $ 2,570 $ 1,118
Investment securities 208 94 405 181
Other earning assets 50 31 107 66
Total interest income 1,568 695 3,082 1,365
Interest expense:        
Deposits 534 285 1,055 558
FHLB advances and other borrowings 77 29 136 59
Federal funds purchased and securities sold under repurchase agreements 1 1 2 2
Total interest expense 612 315 1,193 619
Net interest income 956 380 1,889 746
Provision for credit losses 63 24 139 41
Net interest income after provision for credit losses 893 356 1,750 705
Non-interest revenue:        
Core banking fees 93 32 184 64
Wealth management revenue 85 32 169 65
Income from equity method investment 24 26 55 46
Capital markets income 18 4 36 6
Total loan sales and servicing 9 6 19 12
Income from bank-owned life insurance 19 13 39 23
Investment securities gains (losses), net (29) 0 (26) (13)
Other non-interest revenue 28 12 55 18
Total non-interest revenue 247 125 531 221
Non-interest expense:        
Salaries and other personnel expense 378 180 774 351
Net occupancy, equipment, and software expense 102 44 199 86
Amortization of intangibles 46 1 94 3
FDIC insurance and other regulatory fees 20 8 43 18
Merger-related expense 51 0 326 0
Other operating expense 124 53 237 103
Total non-interest expense 721 286 1,673 561
Income before income taxes 419 195 608 365
Income tax expense 91 36 130 66
Net income 328 159 478 299
Less: Preferred stock dividends 15 4 30 8
Net income available to common shareholders $ 313 $ 155 $ 448 $ 291
Net income per common share, basic (in dollars per share) $ 2.07 $ 2.01 $ 2.97 $ 3.79
Net income per common share, diluted (in dollars per share) $ 2.07 $ 2.00 $ 2.96 $ 3.77
Weighted average common shares outstanding, basic (in shares) 151,104 76,891 151,051 76,809
Weighted average common shares outstanding, diluted (in shares) 151,468 77,277 151,470 77,212