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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 1,349.5 $ 1,231.1 $ 2,690.9 $ 2,444.9
Foreign Exchange Trading Income 97.1 50.6 184.8 109.3
Security Commissions and Trading Income 55.6 39.6 107.7 78.7
Other Operating Income(1) 594.2 [1] 66.1 [1] 664.7 126.4
Investment Security Gains (Losses), net (73.9) 0.0 (73.9) 0.0
Total Noninterest Income 2,022.5 1,387.4 3,574.2 2,759.3
Net Interest Income        
Interest Income 2,189.3 2,212.8 4,423.4 4,353.7
Interest Expense 1,513.8 1,602.3 3,093.9 3,175.1
Net Interest Income 675.5 610.5 1,329.5 1,178.6
Provision for Credit Losses (5.3) 16.5 (8.3) 17.5
Net Interest Income after Provision for Credit Losses 680.8 594.0 1,337.8 1,161.1
Noninterest Expense        
Compensation and Benefits 868.0 732.5 1,690.2 1,486.6
Outside Services 246.3 247.0 483.0 492.2
Equipment and Software 378.5 293.7 686.6 574.6
Occupancy 53.5 52.5 104.8 105.9
Other Operating Expense 92.3 90.9 182.0 174.9
Total Noninterest Expense 1,638.6 1,416.6 3,146.6 2,834.2
Income before Income Taxes 1,064.7 564.8 1,765.4 1,086.2
Provision for Income Taxes 272.5 143.5 447.6 272.9
Net Income 792.2 421.3 1,317.8 813.3
Preferred Stock Dividends 4.7 4.7 20.9 20.9
Net Income Applicable to Common Stock $ 787.5 $ 416.6 $ 1,296.9 $ 792.4
Per Common Share        
Net Income — Basic (in dollars per share) $ 4.25 $ 2.14 $ 6.97 $ 4.05
Net Income — Diluted (in dollars per share) $ 4.23 $ 2.13 $ 6.93 $ 4.03
Average Number of Common Shares Outstanding        
Basic (in shares) 183,993,670 192,751,910 184,742,283 193,965,606
Diluted (in shares) 184,889,944 193,374,888 185,709,785 194,742,332
[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.