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Consolidated Statement of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income      
Loans and leases $ 8,477 $ 8,021 $ 5,237
Investment securities:      
Fully taxable 1,030 773 448
Exempt from federal taxes 64 66 51
Deposits at banks 1,452 1,360 509
Other 3 4 2
Total interest income 11,026 10,224 6,247
Interest expense      
Savings and interest-checking deposits 2,514 1,746 271
Time deposits 781 671 24
Short-term borrowings 242 292 19
Long-term borrowings 637 400 111
Total interest expense 4,174 3,109 425
Net interest income 6,852 7,115 5,822
Provision for credit losses 610 645 517
Net interest income after provision for credit losses 6,242 6,470 5,305
Other income      
Mortgage banking revenues 436 409 357
Service charges on deposit accounts 514 475 447
Trust income 675 680 741
Brokerage services income 121 102 88
Trading account and other non-hedging derivative gains 39 49 27
Gain (loss) on bank investment securities 10 4 (6)
Other revenues from operations 632 809 703
Noninterest income 2,427 2,528 2,357
Other expense      
Salaries and employee benefits 3,162 2,997 2,787
Equipment and net occupancy 512 520 474
Outside data processing and software 492 437 376
Professional and other services 344 413 509
FDIC assessments 146 315 90
Advertising and marketing 104 108 90
Amortization of core deposit and other intangible assets 53 62 56
Other costs of operations 546 527 668
Total other expense 5,359 5,379 5,050
Income (loss) before taxes 3,310 3,619 2,612
Income taxes 722 878 620
Net income 2,588 2,741 1,992
Net income available to common shareholders      
Net income available to common stockholders, basic 2,449 2,636 1,891
Net income available to common stockholders, diluted $ 2,449 $ 2,636 $ 1,891
Net income per common share      
Earnings per share, basic (in USD per share) $ 14.71 $ 15.85 $ 11.59
Earnings per share, diluted (in USD per share) $ 14.64 $ 15.79 $ 11.53