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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ 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 $ 955 $ 996 $ 2,770 $ 2,923
Interest and fees on loans held for sale 8 10 26 27
Interest on investment securities 71 60 211 179
Interest on trading securities 23 22 66 64
Interest on other earning assets 20 31 62 91
Total interest income 1,077 1,119 3,135 3,284
Interest expense        
Interest on deposits 351 434 1,017 1,231
Interest on trading liabilities 5 6 19 18
Interest on short-term borrowings 28 35 94 104
Interest on term borrowings 19 17 59 50
Total interest expense 403 492 1,189 1,403
Net interest income (expense) 674 627 1,946 1,881
Provision for credit losses (5) 35 65 140
Net interest income after provision for credit losses 679 592 1,881 1,741
Noninterest income        
Fixed income 57 47 149 138
Deposit transactions and cash management 43 45 125 134
Brokerage, management fees and commissions 26 27 77 76
Card and digital banking fees 19 19 55 58
Other service charges and fees 14 13 40 40
Trust services and investment management 13 12 38 36
Mortgage banking income 15 9 33 28
Securities gains (losses), net 0 1 1 2
Other income 28 27 67 69
Total noninterest income 215 200 585 581
Noninterest expense        
Personnel expense 296 282 856 862
Net occupancy expense 36 33 105 95
Computer software 34 30 100 89
Operations services 24 25 71 69
Legal and professional fees 24 15 54 47
Deposit insurance expense 11 11 36 51
Advertising and public relations 12 14 36 37
Equipment expense 10 10 32 32
Amortization of intangible assets 9 11 29 33
Contract employment and outsourcing 11 12 27 40
Communications and delivery 8 8 25 24
Contributions 23 4 25 6
Other expense 52 56 133 142
Total noninterest expense 550 511 1,529 1,527
Income (loss) before income taxes 344 281 937 795
Income tax expense 78 58 205 171
Net income 266 223 732 624
Net income attributable to noncontrolling interest 4 5 12 15
Net income attributable to controlling interest 262 218 720 609
Preferred stock dividends 8 5 21 28
Net income available to common shareholders 254 213 699 581
Net income available to common shareholders $ 254 $ 213 $ 699 $ 581
Basic earnings per common share (in dollars per share) $ 0.50 $ 0.40 $ 1.37 $ 1.07
Diluted earnings per common share (in dollars per share) $ 0.50 $ 0.40 $ 1.36 $ 1.06
Weighted average common shares (in shares) 504,863 534,222 509,990 544,356
Diluted average common shares (in shares) 510,351 537,971 515,919 547,629