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 $ 912 $ 921 $ 1,797 $ 1,816
Interest and fees on loans held for sale 8 8 16 18
Interest on investment securities 70 71 140 139
Interest on trading securities 23 23 47 43
Interest on other earning assets 17 21 35 42
Total interest income 1,030 1,044 2,035 2,058
Interest expense        
Interest on deposits 296 337 580 666
Interest on trading liabilities 6 6 13 14
Interest on short-term borrowings 33 38 61 66
Interest on term borrowings 19 22 37 40
Total interest expense 354 403 691 786
Net interest income 676 641 1,344 1,272
Provision for credit losses 15 30 30 70
Net interest income after provision for credit losses 661 611 1,314 1,202
Noninterest income        
Fixed income 46 42 99 91
Deposit transactions and cash management 43 41 86 81
Brokerage, management fees and commissions 31 26 60 52
Card and digital banking fees 18 19 36 37
Other service charges and fees 15 14 31 26
Deferred compensation income 15 8 12 5
Trust services and investment management 14 13 27 25
Mortgage banking income 9 10 18 18
Other income 20 16 36 35
Total noninterest income 211 189 405 370
Noninterest expense        
Personnel expense 304 282 593 561
Computer software 40 34 77 66
Net occupancy expense 36 34 71 69
Operations services 26 23 52 46
Legal and professional fees 18 17 34 31
Advertising and public relations 17 14 27 24
Deposit insurance expense 12 12 25 25
Equipment expense 11 11 22 22
Amortization of intangible assets 8 10 16 20
Other expense 60 54 119 114
Total noninterest expense 532 491 1,036 978
Income before income taxes 340 309 683 594
Income tax expense 66 64 142 127
Net income 274 245 541 467
Net income attributable to noncontrolling interest 4 4 7 8
Net income attributable to controlling interest 270 241 534 459
Preferred stock dividends 10 8 16 13
Net income available to common shareholders 260 233 518 446
Net income available to common shareholders $ 260 $ 233 $ 518 $ 446
Basic earnings per common share (in dollars per share) $ 0.55 $ 0.46 $ 1.08 $ 0.87
Diluted earnings per common share (in dollars per share) $ 0.54 $ 0.45 $ 1.07 $ 0.86
Weighted average common shares (in shares) 474,841 508,125 477,559 512,596
Diluted average common shares (in shares) 480,103 513,606 483,334 518,701