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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest Income        
Interest and fees on loans and leases $ 1,909 $ 1,910 $ 5,604 $ 5,640
Interest on securities 444 461 1,354 1,374
Interest on other short-term investments 166 298 477 883
Total interest income 2,519 2,669 7,435 7,897
Interest Expense        
Interest on deposits 750 968 2,226 2,880
Interest on federal funds purchased 2 2 7 8
Interest on other short-term borrowings 59 40 174 135
Interest on long-term debt 188 238 575 682
Total interest expense 999 1,248 2,982 3,705
Net Interest Income 1,520 1,421 4,453 4,192
Provision for credit losses 197 160 544 351
Net Interest Income After Provision for Credit Losses 1,323 1,261 3,909 3,841
Noninterest Income        
Wealth and asset management revenue 181 163 519 483
Commercial payments revenue 157 154 462 453
Consumer banking revenue 144 143 428 418
Capital markets fees 115 111 294 301
Commercial banking revenue 87 93 247 267
Mortgage banking net revenue 58 50 171 154
Other noninterest income (loss) 29 (13) 86 18
Securities gains, net 10 10 17 23
Total noninterest income 781 711 2,224 2,117
Noninterest Expense        
Compensation and benefits 685 690 2,132 2,099
Technology and communications 128 121 378 351
Net occupancy expense 89 81 260 251
Equipment expense 44 38 126 114
Marketing expense 34 26 105 92
Loan and lease expense 39 34 105 96
Card and processing expense 22 22 65 63
Other noninterest expense 226 232 664 741
Total noninterest expense 1,267 1,244 3,835 3,807
Income Before Income Taxes 837 728 2,298 2,151
Applicable income tax expense 188 155 507 457
Net Income 649 573 1,791 1,694
Dividends on preferred stock 41 41 114 121
Net Income Available to Common Shareholders $ 608 $ 532 $ 1,677 $ 1,573
Shares Disclosures        
Earnings per share - basic (in dollars per share) $ 0.91 $ 0.78 $ 2.51 $ 2.30
Earnings per share - diluted (in dollars per share) $ 0.91 $ 0.78 $ 2.49 $ 2.28
Average common shares outstanding - basic (in shares) 666,426,892 680,895,306 669,405,202 684,462,327
Average common shares outstanding - diluted (in shares) 670,877,546 686,108,625 673,631,736 689,263,426