v3.26.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income        
Loans and leases $ 2,341 $ 2,300 $ 6,800 $ 6,806
Investment securities 427 433 1,212 1,266
Deposits at banks 197 265 590 766
Total interest income 2,965 2,998 8,602 8,838
Interest expense        
Deposits 971 911 2,685 2,698
Borrowings 295 353 941 1,048
Total interest expense 1,266 1,264 3,626 3,746
Net interest income 1,699 1,734 4,976 5,092
Provision for credit losses 55 191 117 460
Net interest income after provision for credit losses 1,644 1,543 4,859 4,632
Noninterest income        
Rental income on operating lease equipment 288 273 849 815
Realized gain on sale of investment securities, net 28 0 28 0
Fair value adjustment on marketable equity securities, net (23) 13 (5) 10
Gain on sale of leasing equipment, net 7 3 32 16
Loss on extinguishment of debt (19) 0 (34) 0
Other noninterest income 46 51 172 107
Total noninterest income 734 699 2,202 2,012
Noninterest expense        
Depreciation on operating lease equipment 100 98 302 296
Maintenance and other operating lease expenses 66 67 198 180
Personnel cost 842 817 2,555 2,445
Net occupancy expense 64 58 183 177
Equipment expense 133 137 410 404
Professional fees 18 26 68 81
Third-party processing fees 112 67 305 193
FDIC insurance expense 37 38 114 114
Marketing expense 40 33 115 97
Acquisition-related expenses 18 28 31 108
Intangible asset amortization 14 13 38 41
Other noninterest expense 129 109 341 348
Total noninterest expense 1,573 1,491 4,660 4,484
Income before income taxes 805 751 2,401 2,160
Income tax expense 199 183 589 534
Net income (loss) 606 568 1,812 1,626
Preferred stock dividends 29 14 87 43
Net income available to common stockholders, basic 577 554 1,725 1,583
Net income available to common shareholders, diluted $ 577 $ 554 $ 1,725 $ 1,583
Earnings per common share        
Basic (in dollars per share) $ 51.23 $ 43.08 $ 149.14 $ 119.70
Diluted (in dollars per share) $ 51.23 $ 43.08 $ 149.14 $ 119.70
Weighted average common shares outstanding        
Basic (in shares) 11,250,519 12,849,339 11,567,933 13,217,940
Diluted (in shares) 11,250,519 12,849,339 11,567,933 13,217,940
Lending-related fees        
Noninterest income        
Noninterest income $ 83 $ 67 $ 225 $ 202
Deposit fees and service charges        
Noninterest income        
Noninterest income 76 61 220 178
Client investment fees        
Noninterest income        
Noninterest income 68 58 180 163
Wealth management services        
Noninterest income        
Noninterest income 62 57 183 168
International fees        
Noninterest income        
Noninterest income 34 34 105 99
Factoring commissions        
Noninterest income        
Noninterest income 20 18 55 53
Cardholder services, net        
Noninterest income        
Noninterest income 40 39 116 121
Merchant services, net        
Noninterest income        
Noninterest income 12 12 38 39
Insurance commissions        
Noninterest income        
Noninterest income $ 12 $ 13 $ 38 $ 41