XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Income (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 $ 2,270 $ 2,422 $ 4,506 $ 4,776
Interest on investment securities 419 330 833 612
Interest on deposits at banks 256 378 501 826
Total interest income 2,945 3,130 5,840 6,214
Interest expense        
Deposits 894 975 1,787 1,903
Borrowings 356 334 695 673
Total interest expense 1,250 1,309 2,482 2,576
Net interest income 1,695 1,821 3,358 3,638
Provision for credit losses 115 95 269 159
Net interest income after provision for credit losses 1,580 1,726 3,089 3,479
Noninterest income        
Rental income on operating lease equipment 272 259 542 514
Fair value adjustment on marketable equity securities, net 2 (2) (3) (6)
Gain on sale of leasing equipment, net 8 4 13 14
Loss on extinguishment of debt 0 0 0 (2)
Other noninterest income 42 39 56 77
Total noninterest income 678 639 1,313 1,266
Noninterest expense        
Depreciation on operating lease equipment 100 98 198 194
Maintenance and other operating lease expenses 55 60 113 105
Personnel cost 810 745 1,628 1,489
Net occupancy expense 61 58 119 120
Equipment expense 131 126 267 240
Professional fees 30 24 55 49
Third-party processing fees 63 58 126 118
FDIC insurance expense 38 33 76 74
Marketing expense 32 18 64 32
Acquisition-related expenses 38 44 80 102
Intangible asset amortization 13 15 28 32
Other noninterest expense 129 107 239 207
Total noninterest expense 1,500 1,386 2,993 2,762
Income before income taxes 758 979 1,409 1,983
Income tax expense 183 272 351 545
Net income 575 707 1,058 1,438
Preferred stock dividends 14 16 29 31
Net income available to common stockholders, basic 561 691 1,029 1,407
Net income available to common shareholders, diluted $ 561 $ 691 $ 1,029 $ 1,407
Earnings per common share        
Basic (in dollars per share) $ 42.36 $ 47.54 $ 76.73 $ 96.81
Diluted (in dollars per share) $ 42.36 $ 47.54 $ 76.73 $ 96.80
Weighted average common shares outstanding        
Basic (in shares) 13,237,226 14,534,499 13,405,295 14,533,900
Diluted (in shares) 13,237,226 14,534,499 13,405,295 14,535,472
Lending-related fees        
Noninterest income        
Noninterest income $ 69 $ 63 $ 135 $ 122
Deposit fees and service charges        
Noninterest income        
Noninterest income 59 57 117 115
Client investment fees        
Noninterest income        
Noninterest income 52 54 105 104
Wealth management services        
Noninterest income        
Noninterest income 55 52 111 103
International fees        
Noninterest income        
Noninterest income 33 29 65 57
Factoring commissions        
Noninterest income        
Noninterest income 18 19 35 36
Cardholder services, net        
Noninterest income        
Noninterest income 41 40 82 80
Merchant services, net        
Noninterest income        
Noninterest income 13 12 27 24
Insurance commissions        
Noninterest income        
Noninterest income $ 14 $ 13 $ 28 $ 28