v3.26.1
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        
Interest and fees on loans and leases $ 683 $ 564 $ 1,367 $ 1,117
Interest and dividends on investment securities:        
Taxable 98 80 201 149
Exempt from federal income tax 12 7 24 14
Dividends 4 3 7 6
Interest on temporary investments and interest-bearing deposits 13 16 27 32
Total interest income 810 670 1,626 1,318
INTEREST EXPENSE        
Interest on deposits 173 180 357 357
Interest on securities sold under agreement to repurchase and federal funds purchased 1 1 2 2
Interest on borrowings 39 35 69 71
Interest on junior and other subordinated debentures 8 8 15 17
Total interest expense 221 224 443 447
Net interest income 589 446 1,183 871
PROVISION FOR CREDIT LOSSES  27 30 55 57
Net interest income after provision for credit losses 562 416 1,128 814
NON-INTEREST INCOME        
Residential mortgage banking revenue, net 7 8 19 17
(Loss) gain on investment securities, net (1) 0 (1) 2
Gain on loan and lease sales, net 0 0 1 0
(Loss) gain on certain loans held for investment, at fair value (1) 0 (3) 7
Bank-owned life insurance income 9 5 18 10
Other income 19 12 32 18
Total non-interest income 88 65 171 131
NON-INTEREST EXPENSE        
Salaries and employee benefits 196 155 392 300
Occupancy and equipment, net 65 47 131 95
Communications 5 4 9 7
Marketing 5 3 10 6
Services 16 12 31 27
Deposit costs 14 2 28 4
FDIC assessments 9 8 18 16
Intangible amortization 38 26 79 54
Merger and restructuring expense 9 8 33 23
Legal settlement 0 0 0 55
Other expenses 18 13 38 31
Total non-interest expense 375 278 769 618
Income before provision for income taxes 275 203 530 327
Provision for income taxes 67 51 130 88
Net income $ 208 $ 152 $ 400 $ 239
Earnings per common share:        
Basic (in dollars per share) $ 0.73 $ 0.73 $ 1.39 $ 1.14
Diluted (in dollars per share) $ 0.73 $ 0.73 $ 1.38 $ 1.14
Weighted average number of common shares outstanding:        
Basic (in shares) 285,558 209,125 288,130 208,964
Diluted (in shares) 286,472 209,975 289,212 209,965
Service charges on deposits        
NON-INTEREST INCOME        
Revenue from contract with customer $ 23 $ 20 $ 43 $ 39
Card-based fees        
NON-INTEREST INCOME        
Revenue from contract with customer 17 14 32 27
Financial services and trust revenue        
NON-INTEREST INCOME        
Revenue from contract with customer $ 15 $ 6 $ 30 $ 11