v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income:        
Loans, including fees $ 1,361 $ 589 $ 3,931 $ 1,707
Investment securities 224 95 629 276
Other earning assets 54 38 161 103
Total interest income 1,639 722 4,721 2,086
Interest expense:        
Deposits 561 294 1,616 852
FHLB advances and other borrowings 90 29 226 87
Federal funds purchased and securities sold under repurchase agreements 2 2 4 4
Total interest expense 653 325 1,846 943
Net interest income 986 397 2,875 1,143
Provision for credit losses 86 32 224 73
Net interest income after provision for credit losses 900 365 2,651 1,070
Non-interest revenue:        
Core banking fees 96 34 280 98
Wealth management revenue 88 38 257 103
Income from equity method investment 48 41 103 87
Capital markets income 17 4 53 11
Total loan sales and servicing 8 5 27 17
Income from bank-owned life insurance 21 12 60 35
Investment securities gains (losses), net (1) 0 (27) (13)
Other non-interest revenue 49 13 104 31
Total non-interest revenue 326 147 857 369
Non-interest expense:        
Salaries and other personnel expense 398 185 1,172 537
Net occupancy, equipment, and software expense 101 45 300 131
Amortization of intangibles 46 2 140 4
FDIC insurance and other regulatory fees 20 11 63 30
Merger-related expense 56 8 382 8
Other operating expense 128 52 366 154
Total non-interest expense 749 303 2,423 864
Income before income taxes 477 209 1,085 575
Income tax expense 98 36 228 102
Net income 379 173 857 473
Less: Preferred stock dividends 15 4 45 12
Net income available to common shareholders $ 364 $ 169 $ 812 $ 461
Net income per common share, basic (in dollars per share) $ 2.41 $ 2.20 $ 5.38 $ 6.00
Net income per common share, diluted (in dollars per share) $ 2.40 $ 2.19 $ 5.36 $ 5.96
Weighted average common shares outstanding, basic (in shares) 151,113 76,904 151,072 76,841
Weighted average common shares outstanding, diluted (in shares) 151,718 77,310 151,553 77,243