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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income        
Interest and fees on loans and leases $ 921 $ 975 $ 1,816 $ 1,927
Interest and fees on loans held for sale 8 9 18 17
Interest on investment securities 71 59 139 119
Interest on trading securities 23 21 43 42
Interest on other earning assets 21 29 42 60
Total interest income 1,044 1,093 2,058 2,165
Interest expense        
Interest on deposits 337 399 666 797
Interest on trading liabilities 6 7 14 12
Interest on short-term borrowings 38 41 66 70
Interest on term borrowings 22 17 40 33
Total interest expense 403 464 786 912
Net interest income (expense) 641 629 1,272 1,253
Provision for credit losses 30 55 70 105
Net interest income after provision for credit losses 611 574 1,202 1,148
Noninterest income        
Fixed income 42 40 91 92
Deposit transactions and cash management 41 44 81 88
Brokerage, management fees and commissions 26 25 52 49
Card and digital banking fees 19 20 37 38
Other service charges and fees 14 14 26 27
Trust services and investment management 13 12 25 24
Mortgage banking income 10 10 18 19
Securities gains (losses), net 0 1 0 1
Other income 24 20 40 43
Total noninterest income 189 186 370 381
Noninterest expense        
Personnel expense 282 279 561 580
Net occupancy expense 34 31 69 62
Computer software 34 29 66 59
Operations services 23 23 46 45
Legal and professional fees 17 18 31 33
Deposit insurance expense 12 16 25 40
Advertising and public relations 14 14 24 22
Equipment expense 11 11 22 22
Amortization of intangible assets 10 11 20 22
Contract employment and outsourcing 8 14 16 28
Communications and delivery 8 8 16 16
Other expense 38 46 82 86
Total noninterest expense 491 500 978 1,015
Income (loss) before income taxes 309 260 594 514
Income tax expense 64 56 127 113
Net income 245 204 467 401
Net income attributable to noncontrolling interest 4 5 8 10
Net income attributable to controlling interest 241 199 459 391
Preferred stock dividends 8 15 13 23
Net income available to common shareholders 233 184 446 368
Net income available to common shareholders $ 233 $ 184 $ 446 $ 368
Basic earnings per common share (in dollars per share) $ 0.46 $ 0.34 $ 0.87 $ 0.67
Diluted earnings per common share (in dollars per share) $ 0.45 $ 0.34 $ 0.86 $ 0.67
Weighted average common shares (in shares) 508,125 543,981 512,596 549,479
Diluted average common shares (in shares) 513,606 547,093 518,701 552,539