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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST INCOME:        
Interest and fees on loans and leases $ 1,897 $ 1,976 $ 5,577 $ 6,038
Interest and fees on loans held for sale 31 19 83 56
Investment securities 433 423 1,279 1,239
Interest-bearing deposits in banks 97 121 278 391
Total interest income 2,458 2,539 7,217 7,724
INTEREST EXPENSE:        
Deposits 816 990 2,413 2,942
Short-term borrowed funds 5 3 22 14
Long-term borrowed funds 149 177 466 547
Total interest expense 970 1,170 2,901 3,503
Net interest income 1,488 1,369 4,316 4,221
Provision (benefit) for credit losses 154 172 471 525
Net interest income after provision (benefit) for credit losses 1,334 1,197 3,845 3,696
NONINTEREST INCOME:        
Service charges and fees 112 109 332 311
Capital markets fees 166 94 371 346
Card fees 87 93 260 271
Wealth fees 93 76 262 219
Mortgage banking fees 49 46 181 149
Foreign exchange and derivative products 42 36 122 111
Letter of credit and loan fees 48 45 137 130
Securities gains, net 2 9 14 14
Other income 31 24 95 51
Total noninterest income 630 532 1,774 1,602
NONINTEREST EXPENSE:        
Salaries and employee benefits 705 647 2,082 1,983
Equipment and software 197 194 584 576
Outside services 161 146 485 469
Occupancy 106 108 326 335
Other operating expense 166 164 491 555
Total noninterest expense 1,335 1,259 3,968 3,918
Income before income tax expense 629 470 1,651 1,380
Income tax expense 135 88 348 272
NET INCOME 494 382 1,303 1,108
Net income available to common stockholders $ 457 $ 344 $ 1,199 $ 1,005
Weighted-average common shares outstanding:        
Basic (in shares) 431,365,552 446,561,996 434,416,696 453,993,833
Diluted (in Shares) 435,472,350 449,913,467 437,915,596 456,461,330
Per common share information:        
Basic earnings (in dollars per share) $ 1.06 $ 0.77 $ 2.76 $ 2.21
Diluted earnings (in dollars per share) $ 1.05 $ 0.77 $ 2.74 $ 2.20