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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income:    
Loans, including loans held for sale $ 10,157 $ 9,920
Investment securities 770 687
Other 491 570
Total interest income 11,418 11,177
Interest expense:    
Deposits 2,715 2,812
Securitized debt obligations 176 261
Senior and subordinated notes 505 606
Other borrowings 9 10
Total interest expense 3,405 3,689
Net interest income 8,013 7,488
Provision for credit losses 2,369 2,683
Net interest income after provision for credit losses 5,644 4,805
Non-interest income:    
Interchange fees, net 1,223 1,145
Service charges and other customer-related fees 509 462
Other 255 307
Total non-interest income (loss) 1,987 1,914
Non-interest expense:    
Salaries and associate benefits 2,546 2,478
Occupancy and equipment 615 554
Marketing 1,202 1,010
Professional services 437 262
Communications and data processing 399 351
Amortization of intangibles 16 19
Other 687 463
Total non-interest expense 5,902 5,137
Income from continuing operations before income taxes 1,729 1,582
Income tax provision 325 302
Net income 1,404 1,280
Dividends and undistributed earnings allocated to participating securities (22) (23)
Preferred stock dividends (57) (57)
Net income available to common stockholders $ 1,325 $ 1,200
Basic earnings per common share:    
Net income (loss) per basic common share (in dollars per share) $ 3.46 $ 3.14
Diluted earnings per common share:    
Net income per diluted common share (in dollars per share) $ 3.45 $ 3.13