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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Interest and fees on loans $ 2,953 $ 1,295 $ 1,333
Interest on investment securities 354 145 144
Interest on deposits at banks 106 11 7
Interest and Dividend Income, Operating, Total 3,413 1,451 1,484
Interest expense      
Deposits 335 33 67
Borrowings 132 28 29
Total interest expense 467 61 96
Net interest income 2,946 1,390 1,388
Provision for credit losses 645 (37) 58
Net interest income after provision for credit losses 2,301 1,427 1,330
Noninterest income      
Rental income on operating lease equipment 864 0 0
Realized gain on sale of investment securities available for sale, net 0 33 60
Fair value adjustment on marketable equity securities, net (3) 34 29
Bank-owned life insurance 32 3 3
Gain on sale of leasing equipment, net 15 0 0
Gain on acquisition 431 0 0
Gain on extinguishment of debt 7 0 0
Noninterest Income, Other 97 36 44
Noninterest Income, Total 2,136 508 477
Noninterest expense      
Depreciation on operating lease equipment 345 0 0
Maintenance and other operating lease expenses 189 0 0
Salaries and benefits 1,396 759 722
Net occupancy expense 194 117 117
Equipment expense 216 119 116
Professional fees 57 20 17
Third-party processing fees 103 60 45
FDIC insurance expense 31 14 13
Marketing expense 53 10 10
Merger-related expenses 231 29 17
Intangible asset amortization 23 12 15
Other expenses 237 94 117
Noninterest Expense, Total 3,075 1,234 1,189
Income before income taxes 1,362 701 618
Income tax expense 264 154 126
Net income 1,098 547 492
Preferred stock dividends 50 18 14
Net income available to common stockholders, basic 1,048 529 478
Net income available to common shareholders, diluted $ 1,048 $ 529 $ 478
Earnings per common share      
Earnings per common share, basic (in dollars per share) $ 67.47 $ 53.88 $ 47.50
Earnings per common share, diluted (in dollars per share) $ 67.40 $ 53.88 $ 47.50
Weighted average common shares outstanding      
Weighted average common shares outstanding, basic (in shares) 15,531,924 9,816,405 10,056,654
Weighted average common shares outstanding, diluted (in shares) 15,549,944 9,816,405 10,056,654
Fee income and other service charges      
Noninterest income      
Noninterest income $ 163 $ 42 $ 37
Wealth management services      
Noninterest income      
Noninterest income 142 129 103
Service charges on deposit accounts      
Noninterest income      
Noninterest income 100 95 88
Factoring commissions      
Noninterest income      
Noninterest income 104 0 0
Cardholder services, net      
Noninterest income      
Noninterest income 102 87 74
Merchant services, net      
Noninterest income      
Noninterest income 35 33 24
Insurance commissions      
Noninterest income      
Noninterest income $ 47 $ 16 $ 15