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 $ 859 $ 875 $ 1,700 $ 1,725
Interest on money market investments 43 50 82 103
Interest on securities 117 126 233 251
Total interest income 1,019 1,051 2,015 2,079
Interest expense:        
Interest on deposits 281 312 556 638
Interest on short- and long-term borrowings 61 91 120 169
Total interest expense 342 403 676 807
Net interest income 677 648 1,339 1,272
Provision for credit losses:        
Provision for loan and lease losses 4 3 (3) 20
Provision for unfunded lending commitments (1) (4) (1) (3)
Total provision for credit losses 3 (1) (4) 17
Net interest income after provision for credit losses 674 649 1,343 1,255
Noninterest income:        
Commercial account fees 49 46 97 91
Card fees 24 24 46 47
Retail and business banking fees 20 19 40 36
Loan-related fees and income 22 19 45 36
Capital markets fees and income 36 28 64 55
Wealth management fees 15 14 31 29
Other customer-related fees 16 14 31 28
Customer-related noninterest income 182 164 354 322
Dividends and other income 9 12 21 19
Securities gains (losses), net 269 14 272 20
Total noninterest income 460 190 647 361
Noninterest expense:        
Salaries and employee benefits 344 336 705 678
Technology, telecom, and information processing 72 65 146 135
Occupancy and equipment, net 44 40 85 81
Professional and legal services 22 13 42 26
Marketing and business development 14 12 27 23
Deposit insurance and regulatory expense 7 20 22 42
Credit-related expense 10 6 15 12
Other real estate expense, net 1 0 1 0
Other 37 35 70 68
Total noninterest expense 551 527 1,113 1,065
Income before income taxes 583 312 877 551
Income taxes 130 68 191 137
Net income 453 244 686 414
Preferred stock dividends (1) (1) (2) (2)
Net earnings applicable to common shareholders $ 452 $ 243 $ 684 $ 412
Weighted average common shares outstanding during the period:        
Basic shares (in shares) 146,117 147,044 146,529 147,182
Diluted shares (in shares) 146,210 147,053 146,621 147,210
Net earnings per common share:        
Basic (in dollars per share) $ 3.05 $ 1.63 $ 4.61 $ 2.77
Diluted (in dollars per share) $ 3.05 $ 1.63 $ 4.61 $ 2.77