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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Interest and fees on loans and leases $ 895 $ 952
Interest and fees on loans held for sale 9 9
Interest on investment securities 69 60
Interest on trading securities 20 20
Interest on other earning assets 21 32
Total interest income 1,014 1,073
Interest expense    
Interest on deposits 329 398
Interest on trading liabilities 7 5
Interest on short-term borrowings 29 28
Interest on term borrowings 18 17
Total interest expense 383 448
Net interest income 631 625
Provision for credit losses 40 50
Net interest income after provision for credit losses 591 575
Noninterest income    
Fixed income 49 52
Deposit transactions and cash management 40 44
Brokerage, management fees and commissions 26 24
Card and digital banking fees 18 19
Other service charges and fees 12 13
Trust services and investment management 12 11
Mortgage banking income 8 9
Other income 16 22
Total noninterest income 181 194
Noninterest expense    
Personnel expense 279 301
Net occupancy expense 35 31
Computer software 32 30
Operations services 23 21
Legal and professional fees 14 14
Deposit insurance expense 13 24
Advertising and public relations 10 8
Amortization of intangible assets 10 11
Equipment expense 10 11
Contract employment and outsourcing 8 13
Communications and delivery 8 8
Other expense 45 43
Total noninterest expense 487 515
Income before income taxes 285 254
Income tax expense 63 57
Net income 222 197
Net income attributable to noncontrolling interest 4 5
Net income attributable to controlling interest 218 192
Preferred stock dividends 5 8
Net income available to common shareholders 213 184
Net income available to common shareholders $ 213 $ 184
Basic earnings per common share (in dollars per share) $ 0.41 $ 0.33
Diluted earnings per common share (in dollars per share) $ 0.41 $ 0.33
Weighted average common shares (in shares) 517,116 554,977
Diluted average common shares (in shares) 523,423 557,873