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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Loans, including loans held for sale $ 9,993 $ 9,057 $ 19,913 $ 17,780
Investment securities 700 639 1,387 1,254
Other 587 470 1,157 886
Total interest income 11,280 10,166 22,457 19,920
Interest expense:        
Deposits 2,874 2,277 5,686 4,133
Securitized debt obligations 258 236 519 447
Senior and subordinated notes 591 528 1,197 1,017
Other borrowings 11 12 21 24
Total interest expense 3,734 3,053 7,423 5,621
Net interest income 7,546 7,113 15,034 14,299
Provision for credit losses 3,909 2,490 6,592 5,285
Net interest income after provision for credit losses 3,637 4,623 8,442 9,014
Non-interest income:        
Interchange fees, net 1,249 1,213 2,394 2,352
Service charges and other customer-related fees 459 411 921 790
Other 252 275 559 474
Total non-interest income 1,960 1,899 3,874 3,616
Non-interest expense:        
Salaries and associate benefits 2,200 2,317 4,678 4,744
Occupancy and equipment 551 506 1,105 1,014
Marketing 1,064 886 2,074 1,783
Professional services 316 290 578 614
Communications and data processing 355 344 706 694
Amortization of intangibles 19 22 38 36
Other 441 429 904 854
Total non-interest expense 4,946 4,794 10,083 9,739
Income from continuing operations before income taxes 651 1,728 2,233 2,891
Income tax provision 54 297 356 500
Net income 597 1,431 1,877 2,391
Dividends and undistributed earnings allocated to participating securities (9) (23) (32) (39)
Preferred stock dividends (57) (57) (114) (114)
Net income available to common stockholders $ 531 $ 1,351 $ 1,731 $ 2,238
Basic earnings per common share:        
Net income (loss) per basic common share (in dollars per share) $ 1.39 $ 3.53 $ 4.52 $ 5.85
Diluted earnings per common share:        
Net income (loss) per diluted common share (in dollars per share) $ 1.38 $ 3.52 $ 4.51 $ 5.83