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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Interest and fees on loans $ 2,236 $ 2,354
Interest on investment securities 414 282
Interest on deposits at banks 245 448
Total interest income 2,895 3,084
Interest expense    
Deposits 893 928
Borrowings 339 339
Total interest expense 1,232 1,267
Net interest income 1,663 1,817
Provision for credit losses 154 64
Net interest income after provision for credit losses 1,509 1,753
Noninterest income    
Rental income on operating lease equipment 270 255
Fair value adjustment on marketable equity securities, net (5) (4)
Gain on sale of leasing equipment, net 5 10
Loss on extinguishment of debt 0 (2)
Other noninterest income 14 38
Total noninterest income 635 627
Noninterest expense    
Depreciation on operating lease equipment 98 96
Maintenance and other operating lease expenses 58 45
Personnel cost 818 744
Net occupancy expense 58 62
Equipment expense 136 114
Professional fees 25 25
Third-party processing fees 63 60
FDIC insurance expense 38 41
Marketing expense 32 14
Acquisition-related expenses 42 58
Intangible asset amortization 15 17
Other noninterest expense 110 100
Total noninterest expense 1,493 1,376
Income before income taxes 651 1,004
Income tax expense 168 273
Net income 483 731
Preferred stock dividends 15 15
Net income available to common stockholders, basic 468 716
Net income available to common shareholders, diluted $ 468 $ 716
Earnings per common share    
Basic (in dollars per share) $ 34.47 $ 49.27
Diluted (in dollars per share) $ 34.47 $ 49.26
Weighted average common shares outstanding    
Basic (in shares) 13,575,231 14,533,302
Diluted (in shares) 13,575,231 14,536,442
Lending-related fees    
Noninterest income    
Noninterest income $ 66 $ 59
Deposit fees and service charges    
Noninterest income    
Noninterest income 58 58
Client investment fees    
Noninterest income    
Noninterest income 53 50
Wealth management services    
Noninterest income    
Noninterest income 56 51
International fees    
Noninterest income    
Noninterest income 32 28
Factoring commissions    
Noninterest income    
Noninterest income 17 17
Cardholder services, net    
Noninterest income    
Noninterest income 41 40
Merchant services, net    
Noninterest income    
Noninterest income 14 12
Insurance commissions    
Noninterest income    
Noninterest income $ 14 $ 15