v3.26.3
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income        
Interest and fees on loans $ 1,254 $ 1,198 $ 3,673 $ 3,531
Interest on cash and investment securities 40 44 114 135
Total interest income 1,294 1,242 3,787 3,666
Interest expense        
Interest on deposits 148 139 420 417
Interest on borrowings 51 71 166 238
Total interest expense 199 210 586 655
Net interest income 1,095 1,032 3,201 3,011
Non-interest income        
Interchange revenue, net of retailer share arrangements (144) (111) (361) (289)
Other 66 50 187 148
Total non-interest income (78) (61) (174) (141)
Total net interest and non-interest income 1,017 971 3,027 2,870
Provision for credit losses 321 299 937 869
Total net interest and non-interest income, after provision for credit losses 696 672 2,090 2,001
Non-interest expenses        
Employee compensation and benefits 228 222 673 648
Card and processing expenses 79 81 240 244
Information processing and communication 85 72 242 230
Marketing expenses 35 38 106 106
Depreciation and amortization 17 20 55 61
Other 43 43 126 144
Total non-interest expenses 487 476 1,442 1,433
Income from continuing operations before income taxes 209 196 648 568
Provision for income taxes 53 8 165 100
Income from continuing operations 156 188 483 468
Loss from discontinued operations, net of income taxes [1] 0 0 0 (4)
Net income 156 188 483 464
Dividends declared to preferred stockholders (6) 0 (10) 0
Net income available to common stockholders $ 150 $ 188 $ 473 $ 464
Basic earnings per common share (Note 13)        
Income from continuing operations (in dollars per share) $ 3.91 $ 4.04 $ 11.75 $ 9.88
Loss from discontinued operations (in dollars per share) 0 0 0 (0.09)
Net income per share (in dollars per share) 3.91 4.04 11.75 9.79
Diluted earnings per common share (Note 13)        
Income from continuing operations (in dollars per share) 3.82 3.96 11.54 9.74
Loss from discontinued operations (in dollars per share) 0 0 0 (0.09)
Net income per share (in dollars per share) $ 3.82 $ 3.96 $ 11.54 $ 9.65
Weighted average common shares outstanding (Note 13)        
Basic (in shares) 38.3 46.5 40.3 47.4
Diluted (in shares) 39.3 47.5 41.0 48.1
[1] Includes amounts that related to the previously disclosed discontinued operations associated with the spinoff of our former LoyaltyOne segment in 2021 and the sale of our former Epsilon segment in 2019. For additional information, refer to Note 1, “Description of Business, Basis of Presentation and Significant Accounting Policies” to the unaudited Consolidated Financial Statements.