v3.26.1
CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans $ 801 $ 892 $ 1,599 $ 1,768
Securities 526 506 1,024 966
Trading assets 120 87 222 178
Short-term investments 271 408 553 842
Other 14 15 30 34
Total interest income 1,732 1,908 3,428 3,788
Interest expense:        
Deposits 771 916 1,530 1,850
Short-term borrowings 115 139 213 265
Long-term debt 287 314 560 594
Other 10 16 24 30
Total interest expense 1,183 1,385 2,327 2,739
Net interest income 549 523 1,101 1,049
Provision for credit losses (38) 42 10 160
Net interest income after provision for credit losses 587 481 1,091 889
Other revenues:        
Trading revenue 212 191 409 384
Other securities gains, net 9 6 20 9
Gain (loss) on instruments designated at fair value and related derivatives (12) (1) (17) (4)
Other income (loss) (3) 4 (15) 5
Total other revenues 612 518 1,156 1,034
Operating expenses:        
Salaries and employee benefits 141 161 269 309
Support services from HSBC affiliates 483 456 943 860
Occupancy expense, net 9 12 20 24
Other expenses 70 67 140 163
Total operating expenses 703 696 1,372 1,356
Income before income tax 496 303 875 567
Income tax expense 106 55 194 118
Net income 390 248 681 449
Trust and investment management fees        
Other revenues:        
Other revenues 46 41 94 82
Other fees and commissions        
Other revenues:        
Other revenues 241 179 444 358
Servicing and other fees from HSBC affiliates        
Other revenues:        
Other revenues $ 119 $ 98 $ 221 $ 200