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Consolidated Statements of Income (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 $ 2,300 $ 2,430 $ 6,806 $ 7,206
Interest on investment securities 433 358 1,266 970
Interest on deposits at banks 265 350 766 1,176
Total interest income 2,998 3,138 8,838 9,352
Interest expense        
Deposits 911 1,004 2,698 2,907
Borrowings 353 338 1,048 1,011
Total interest expense 1,264 1,342 3,746 3,918
Net interest income 1,734 1,796 5,092 5,434
Provision for credit losses 191 117 460 276
Net interest income after provision for credit losses 1,543 1,679 4,632 5,158
Noninterest income        
Rental income on operating lease equipment 273 262 815 776
Realized gain on sale of investment securities, net 0 4 0 4
Fair value adjustment on marketable equity securities, net 13 9 10 3
Gain on sale of leasing equipment, net 3 5 16 19
Loss on extinguishment of debt 0 0 0 (2)
Other noninterest income 51 21 107 98
Total noninterest income 699 650 2,012 1,916
Noninterest expense        
Depreciation on operating lease equipment 98 99 296 293
Maintenance and other operating lease expenses 67 59 180 164
Personnel cost 817 788 2,445 2,277
Net occupancy expense 58 62 177 182
Equipment expense 137 128 404 368
Professional fees 26 42 81 91
Third-party processing fees 67 55 193 173
FDIC insurance expense 38 31 114 105
Marketing expense 33 20 97 52
Acquisition-related expenses 28 46 108 148
Intangible asset amortization 13 15 41 47
Other noninterest expense 109 111 348 318
Total noninterest expense 1,491 1,456 4,484 4,218
Income before income taxes 751 873 2,160 2,856
Income tax expense 183 234 534 779
Net income 568 639 1,626 2,077
Preferred stock dividends 14 15 43 46
Net income available to common stockholders, basic 554 624 1,583 2,031
Net income available to common shareholders, diluted $ 554 $ 624 $ 1,583 $ 2,031
Earnings per common share        
Basic (in dollars per share) $ 43.08 $ 43.42 $ 119.70 $ 140.27
Diluted (in dollars per share) $ 43.08 $ 43.42 $ 119.70 $ 140.26
Weighted average common shares outstanding        
Basic (in shares) 12,849,339 14,375,974 13,217,940 14,480,874
Diluted (in shares) 12,849,339 14,375,974 13,217,940 14,481,919
Lending-related fees        
Noninterest income        
Noninterest income $ 67 $ 67 $ 202 $ 189
Deposit fees and service charges        
Noninterest income        
Noninterest income 61 57 178 172
Client investment fees        
Noninterest income        
Noninterest income 58 55 163 159
Wealth management services        
Noninterest income        
Noninterest income 57 54 168 157
International fees        
Noninterest income        
Noninterest income 34 29 99 86
Factoring commissions        
Noninterest income        
Noninterest income 18 19 53 55
Cardholder services, net        
Noninterest income        
Noninterest income 39 42 121 122
Merchant services, net        
Noninterest income        
Noninterest income 12 12 39 36
Insurance commissions        
Noninterest income        
Noninterest income $ 13 $ 14 $ 41 $ 42