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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income    
Interest and fees on loans and leases $ 1,816 $ 1,859
Interest on securities 451 455
Interest on other short-term investments 165 294
Total interest income 2,432 2,608
Interest Expense    
Interest on deposits 743 954
Interest on federal funds purchased 2 3
Interest on other short-term borrowings 56 47
Interest on long-term debt 194 220
Total interest expense 995 1,224
Net Interest Income 1,437 1,384
Provision for credit losses 174 94
Net Interest Income After Provision for Credit Losses 1,263 1,290
Noninterest Income    
Wealth and asset management revenue 172 161
Commercial payments revenue 153 145
Consumer banking revenue 137 135
Capital markets fees 90 97
Commercial banking revenue 80 85
Mortgage banking net revenue 57 54
Other noninterest income 14 23
Securities (losses) gains, net (9) 10
Total noninterest income 694 710
Noninterest Expense    
Compensation and benefits 750 753
Technology and communications 123 117
Net occupancy expense 87 87
Equipment expense 42 37
Loan and lease expense 30 29
Marketing expense 28 32
Card and processing expense 21 20
Other noninterest expense 223 267
Total noninterest expense 1,304 1,342
Income Before Income Taxes 653 658
Applicable income tax expense 138 138
Net Income 515 520
Dividends on preferred stock 37 40
Net Income Available to Common Shareholders $ 478 $ 480
Shares Disclosures    
Earnings per share - basic (in dollars per share) $ 0.71 $ 0.70
Earnings per share - diluted (in dollars per share) $ 0.71 $ 0.70
Average common shares outstanding - basic (in shares) 671,052,320 685,749,673
Average common shares outstanding - diluted (in shares) 676,040,080 690,633,531