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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 1,265.5 $ 1,196.6 $ 3,710.4 $ 3,505.6
Foreign Exchange Trading Income 57.2 54.1 166.5 169.5
Treasury Management Fees 9.5 8.2 28.8 26.5
Security Commissions and Trading Income 41.8 35.5 120.5 107.7
Other Operating Income 60.6 111.8 167.7 1,097.5
Investment Security Gains (Losses), net 0.0 0.0 0.0 (189.3)
Total Noninterest Income 1,434.6 1,406.2 4,193.9 4,717.5
Net Interest Income        
Interest Income 2,144.3 2,530.2 6,498.0 7,482.3
Interest Expense 1,553.5 1,967.9 4,728.6 5,869.0
Net Interest Income 590.8 562.3 1,769.4 1,613.3
Provision for Credit Losses (17.0) 8.0 0.5 7.5
Net Interest Income after Provision for Credit Losses 607.8 554.3 1,768.9 1,605.8
Noninterest Expense        
Compensation 625.3 583.6 1,884.5 1,875.9
Employee Benefits 115.2 109.2 342.6 310.5
Outside Services 248.2 256.3 740.4 746.5
Equipment and Software 294.2 270.4 868.8 800.6
Occupancy 55.0 53.8 160.9 162.7
Other Operating Expense 85.0 86.1 259.9 361.8
Total Noninterest Expense 1,422.9 1,359.4 4,257.1 4,258.0
Income before Income Taxes 619.5 601.1 1,705.7 2,065.3
Provision for Income Taxes 161.9 136.2 434.8 489.6
Net Income 457.6 464.9 1,270.9 1,575.7
Preferred Stock Dividends 16.2 16.2 37.1 37.1
Net Income Applicable to Common Stock $ 441.4 $ 448.7 $ 1,233.8 $ 1,538.6
Per Common Share        
Net Income — Basic (in dollars per share) $ 2.30 $ 2.23 $ 6.34 $ 7.53
Net Income — Diluted (in dollars per share) $ 2.29 $ 2.22 $ 6.32 $ 7.51
Average Number of Common Shares Outstanding        
Basic (in shares) 190,053,947 199,937,543 192,647,391 202,614,386
Diluted (in shares) 191,000,562 200,549,063 193,481,369 203,131,400