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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST INCOME:      
Interest and fees on loans and leases $ 7,948 $ 8,489 $ 5,968
Interest and fees on loans held for sale 77 102 124
Investment securities 1,658 1,162 840
Interest-bearing deposits in banks 503 451 128
Total interest income 10,186 10,204 7,060
INTEREST EXPENSE:      
Deposits 3,825 3,145 651
Short-term borrowed funds 15 43 23
Long-term borrowed funds 713 775 374
Total interest expense 4,553 3,963 1,048
Net interest income 5,633 6,241 6,012
Provision (benefit) for credit losses 687 687 474
Net interest income after provision (benefit) for credit losses 4,946 5,554 5,538
NONINTEREST INCOME:      
Service charges and fees 420 410 420
Capital markets fees 467 319 368
Card fees 368 296 273
Wealth fees [1] 294 259 249
Mortgage banking fees 209 242 261
Foreign exchange and derivative products 146 183 188
Letter of credit and loan fees 175 168 159
Securities gains, net 18 28 9
Other income 79 78 82
Total noninterest income 2,176 1,983 2,009
NONINTEREST EXPENSE:      
Salaries and employee benefits 2,657 2,599 2,549
Equipment and software 769 756 648
Outside services 639 687 700
Occupancy 447 492 410
Other operating expense 722 973 585
Total noninterest expense 5,234 5,507 4,892
Income before income tax expense 1,888 2,030 2,655
Income tax expense 379 422 582
NET INCOME 1,509 1,608 2,073
Net income available to common stockholders $ 1,372 $ 1,491 $ 1,960
Weighted-average common shares outstanding:      
Basic (in shares) 450,678,038 475,089,384 475,959,815
Diluted (in shares) 453,510,245 476,693,148 477,803,142
Per common share information:      
Basic earnings (in dollars per share) $ 3.05 $ 3.14 $ 4.12
Diluted earnings (in dollars per share) $ 3.03 $ 3.13 $ 4.10
[1] See Note 1 for information regarding updates to the Consolidated Statements of Operations during 2024.