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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income      
Interest and fees on loans and leases $ 3,874 $ 3,575 $ 2,292
Interest and fees on loans held for sale 36 51 39
Interest on investment securities 241 247 198
Interest on trading securities 85 78 58
Interest on other earning assets 116 149 96
Total interest income 4,352 4,100 2,683
Interest expense:      
Interest on deposits 1,620 1,266 184
Interest on trading liabilities 24 12 12
Interest on short-term borrowings 130 210 23
Interest on term borrowings 67 72 72
Total interest expense 1,841 1,560 291
Net interest income 2,511 2,540 2,392
Provision for credit losses 150 260 95
Net interest income after provision for credit losses 2,361 2,280 2,297
Noninterest income      
Fixed income 187 133 205
Deposit transactions and cash management 176 179 171
Brokerage, management fees and commissions 101 90 92
Card and digital banking fees 77 77 84
Other service charges and fees 51 54 54
Trust services and investment management 48 47 48
Mortgage banking income 35 23 68
Gain on merger termination 0 225 0
Securities gains (losses), net (89) (4) 18
Other income 93 103 75
Total noninterest income 679 927 815
Noninterest expense      
Personnel expense 1,137 1,100 1,101
Net occupancy expense 130 123 128
Computer software 121 111 113
Operations services 94 87 87
Deposit insurance expense 64 122 32
Legal and professional fees 64 49 62
Contract employment and outsourcing 51 49 54
Advertising and public relations 48 71 50
Amortization of intangible assets 44 47 51
Equipment expense 42 42 45
Communications and delivery 32 35 37
Contributions 18 61 7
Other expense 190 182 186
Total noninterest expense 2,035 2,079 1,953
Income before income taxes 1,005 1,128 1,159
Income tax expense 211 212 247
Net income (loss) 794 916 912
Net income attributable to noncontrolling interest 19 19 12
Net income attributable to controlling interest 775 897 900
Preferred stock dividends 37 32 32
Net income available to common shareholders 738 865 868
Net income available to common shareholders $ 738 $ 865 $ 868
Basic earnings per share (in dollars per share) $ 1.37 $ 1.58 $ 1.62
Diluted earnings per share (in dollars per share) $ 1.36 $ 1.54 $ 1.53
Weighted average common shares (in shares) 540,317 548,410 535,033
Diluted average common shares (in shares) 544,285 561,732 566,004