v3.26.3
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:        
Interest and fees on loans $ 877 $ 898 $ 2,577 $ 2,623
Interest on money market investments 53 41 135 144
Interest on securities 116 125 349 376
Total interest income 1,046 1,064 3,061 3,143
Interest expense:        
Interest on deposits 313 313 869 951
Interest on short- and long-term borrowings 49 79 169 248
Total interest expense 362 392 1,038 1,199
Net interest income 684 672 2,023 1,944
Provision for credit losses:        
Provision for loan and lease losses (14) 45 (17) 65
Provision for unfunded lending commitments 6 4 5 1
Total provision for credit losses (8) 49 (12) 66
Net interest income after provision for credit losses 692 623 2,035 1,878
Noninterest income:        
Commercial account fees 49 47 146 138
Card fees 25 24 71 71
Retail and business banking fees 21 19 61 55
Loan-related fees and income 20 20 65 56
Capital markets fees and income 46 24 110 79
Wealth management fees 16 14 47 43
Other customer-related fees 15 15 46 43
Customer-related noninterest income 192 163 546 485
Dividends and other income 9 15 30 34
Securities gains (losses), net (4) 11 268 31
Total noninterest income 197 189 844 550
Noninterest expense:        
Salaries and employee benefits 345 337 1,050 1,015
Technology, telecom, and information processing 76 70 222 205
Occupancy and equipment, net 43 42 128 123
Professional and legal services 20 14 62 40
Marketing and business development 14 11 41 34
Deposit insurance and regulatory expense 12 16 34 58
Credit-related expense 8 6 23 18
Other real estate expense, net 1 0 2 0
Other 34 31 104 99
Total noninterest expense 553 527 1,666 1,592
Income before income taxes 336 285 1,213 836
Income taxes 73 63 264 200
Net income 263 222 949 636
Preferred stock dividends (1) (1) (3) (3)
Net earnings applicable to common shareholders $ 262 $ 221 $ 946 $ 633
Weighted average common shares outstanding during the period:        
Basic shares (in shares) 144,984 147,045 146,009 147,136
Diluted shares (in shares) 145,088 147,125 146,104 147,175
Net earnings per common share:        
Basic (in dollars per share) $ 1.78 $ 1.48 $ 6.40 $ 4.25
Diluted (in dollars per share) $ 1.78 $ 1.48 $ 6.39 $ 4.25