v3.26.1
Segment information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Information about Company's Segments
Information about the Company's segments is presented in the accompanying table.
Three Months Ended June 30,
Commercial Bank Retail Bank Institutional Services and Wealth ManagementAll Other Total
(Dollars in millions)2026202520262025202620252026202520262025
Net interest income (a)$559 $531 $974 $988 $149 $166 $110 $28 $1,792 $1,713 
Noninterest income193 205 236 234 235 225 76 19 740 683 
Total revenue752 736 1,210 1,222 384 391 186 47 2,532 2,396 
Provision for credit losses23 60 70 71 — 2 27 (8)120 125 
Salaries and employee benefits145 150 203 201 112 107 366 355 826 813 
Depreciation and amortization11 11 34 60 2 2 46 51 93 124 
Other direct expenses73 73 107 95 28 26 222 205 430 399 
Indirect expense (b)134 129 313 292 81 82 (528)(503)— — 
Income (loss) before taxes366 313 483 503 161 172 53 (53)1,063 935 
Income tax expense (benefit)95 82 123 128 41 44 (14)(35)245 219 
Net income (loss)$271 $231 $360 $375 $120 $128 $67 $(18)$818 $716 
Average total assets$80,930 $78,497 $60,204 $55,995 $4,728 $4,272 $70,670 $71,497 $216,532 $210,261 
Six Months Ended June 30,
Commercial Bank Retail Bank Institutional Services and Wealth ManagementAll Other Total
(Dollars in millions)2026202520262025202620252026202520262025
Net interest income (a)$1,094 $1,060 $1,924 $1,960 $305 $337 $221 $51 $3,544 $3,408 
Noninterest income386 378 453 442 456 434 134 40 1,429 1,294 
Total revenue1,480 1,438 2,377 2,402 761 771 355 91 4,973 4,702 
Provision for credit losses52 96 152 150 — 5 56 4 260 255 
Salaries and employee benefits290 301 400 397 221 213 829 789 1,740 1,700 
Depreciation and amortization21 21 70 122 4 4 95 107 190 254 
Other direct expenses
151 140 210 194 63 52 433 411 857 797 
Indirect expense (b)261 252 602 571 161 163 (1,024)(986)— — 
Income (loss) before taxes705 628 943 968 312 334 (34)(234)1,926 1,696 
Income tax expense (benefit)184 166 239 246 80 85 (59)(101)444 396 
Net income (loss)$521 $462 $704 $722 $232 $249 $25 $(133)$1,482 $1,300 
Average total assets$79,873 $78,927 $59,516 $55,193 $4,736 $4,187 $71,061 $70,989 $215,186 $209,296 
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(a)Net interest income is the difference between actual taxable-equivalent interest earned on assets and interest paid on liabilities by a segment and a funding charge (credit) based on the Company's internal funds transfer pricing methodology. Segments are charged a cost to fund any assets (e.g. loans) and are paid a funding credit for any funds provided (e.g. deposits). The taxable-equivalent adjustment aggregated to $12 million and $9 million for the three-month periods ended June 30, 2026 and 2025, respectively, and $23 million and $21 million for the six-month periods ended June 30, 2026 and 2025, respectively, and is eliminated in "All Other" total revenues.
(b)Indirect expense represents centrally-allocated costs associated with certain technology, operations, risk management, finance, human resources and other support services provided by the "All Other" category to the Commercial Bank, Retail Bank and Institutional Services and Wealth Management segments.