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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Noninterest Income    
Trust, Investment and Other Servicing Fees $ 1,341.4 $ 1,213.8
Foreign Exchange Trading Income 87.7 58.7
Security Commissions and Trading Income 52.1 39.1
Other Operating Income(1) [1] 70.4 60.3
Investment Security Gains (Losses), net 0.0 0.0
Total Noninterest Income 1,551.6 1,371.9
Net Interest Income    
Interest Income 2,234.0 2,140.9
Interest Expense 1,580.0 1,572.8
Net Interest Income 654.0 568.1
Provision for Credit Losses (3.0) 1.0
Net Interest Income after Provision for Credit Losses 657.0 567.1
Noninterest Expense    
Compensation and Benefits 822.2 754.1
Outside Services 236.7 245.2
Equipment and Software 308.1 280.9
Occupancy 51.3 53.4
Other Operating Expense 89.7 84.0
Total Noninterest Expense 1,508.0 1,417.6
Income before Income Taxes 700.6 521.4
Provision for Income Taxes 175.1 129.4
Net Income 525.5 392.0
Preferred Stock Dividends 16.2 16.2
Net Income Applicable to Common Stock $ 509.3 $ 375.8
Per Common Share    
Net Income — Basic (in dollars per share) $ 2.72 $ 1.91
Net Income — Diluted (in dollars per share) $ 2.71 $ 1.90
Average Number of Common Shares Outstanding    
Basic (in shares) 185,499,213 195,192,789
Diluted (in shares) 186,538,735 196,124,971
[1] Beginning in Q1 2026, Treasury Management Fees are included within Other Operating Income. The prior period has been revised to conform to the current year presentation.