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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME:        
Interest and fees on loans and leases $ 1,851 $ 2,011 $ 3,680 $ 4,062
Interest and fees on loans held for sale 36 17 52 37
Investment securities 428 417 846 816
Interest-bearing deposits in banks 92 130 181 270
Total interest income 2,407 2,575 4,759 5,185
INTEREST EXPENSE:        
Deposits 802 965 1,597 1,952
Short-term borrowed funds 9 4 17 11
Long-term borrowed funds 159 196 317 370
Total interest expense 970 1,165 1,931 2,333
Net interest income 1,437 1,410 2,828 2,852
Provision (benefit) for credit losses 164 182 317 353
Net interest income after provision (benefit) for credit losses 1,273 1,228 2,511 2,499
NONINTEREST INCOME:        
Service charges and fees 111 106 220 202
Capital markets fees 105 134 205 252
Card fees 90 92 173 178
Wealth fees 88 75 169 143
Mortgage banking fees 73 54 132 103
Foreign exchange and derivative products 41 39 80 75
Letter of credit and loan fees 45 43 89 85
Securities gains, net 5 0 12 5
Other income 42 10 64 27
Total noninterest income 600 553 1,144 1,070
NONINTEREST EXPENSE:        
Salaries and employee benefits 681 645 1,377 1,336
Equipment and software 193 190 387 382
Outside services 169 165 324 323
Occupancy 108 113 220 227
Other operating expense 168 188 325 391
Total noninterest expense 1,319 1,301 2,633 2,659
Income before income tax expense 554 480 1,022 910
Income tax expense 118 88 213 184
NET INCOME 436 392 809 726
Net income available to common stockholders $ 402 $ 357 $ 742 $ 661
Weighted-average common shares outstanding:        
Basic (in shares) 433,640,210 454,142,489 435,967,554 457,750,585
Diluted (in Shares) 436,539,774 456,561,022 439,342,703 460,009,546
Per common share information:        
Basic earnings (in dollars per share) $ 0.93 $ 0.79 $ 1.70 $ 1.44
Diluted earnings (in dollars per share) $ 0.92 $ 0.78 $ 1.69 $ 1.44