XML 15 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income        
Interest and fees on loans and leases $ 4,659 $ 4,657 $ 9,258 $ 9,150
Interest on securities 871 961 1,720 1,936
Interest on other earning assets 437 536 844 1,056
Total interest income 5,967 6,154 11,822 12,142
Interest Expense        
Interest on deposits 1,575 1,844 3,100 3,580
Interest on long-term debt 485 431 930 840
Interest on other borrowings 286 292 572 628
Total interest expense 2,346 2,567 4,602 5,048
Net Interest Income 3,621 3,587 7,220 7,094
Provision for credit losses 395 488 874 946
Net Interest Income After Provision for Credit Losses 3,226 3,099 6,346 6,148
Noninterest Income        
Total noninterest income 1,644 1,400 3,197 2,792
Noninterest Expense        
Personnel expense 1,792 1,678 3,519 3,282
Professional fees and outside processing 335 373 648 737
Software expense 239 231 469 461
Net occupancy expense 171 181 350 349
Equipment expense 79 89 164 171
Marketing and customer development 91 82 170 157
Amortization of intangibles 63 73 127 148
Regulatory costs 61 55 129 124
Other expense 224 224 462 463
Total noninterest expense 3,055 2,986 6,038 5,892
Earnings        
Income before income taxes 1,815 1,513 3,505 3,048
Provision for income taxes 262 273 471 547
Net income 1,553 1,240 3,034 2,501
Preferred stock dividends and other 34 60 138 164
Net income available to common shareholders $ 1,519 $ 1,180 $ 2,896 $ 2,337
Basic EPS (in dollars per share) $ 1.24 $ 0.91 $ 2.34 $ 1.80
Diluted EPS (in dollars per share) $ 1.23 $ 0.90 $ 2.31 $ 1.78
Basic weighted average shares outstanding (in shares) 1,224,867 1,292,292 1,236,682 1,299,833
Diluted weighted average shares outstanding (in shares) 1,239,040 1,305,005 1,252,766 1,314,779
Wealth management income        
Noninterest Income        
Total noninterest income $ 375 $ 348 $ 745 $ 692
Card and treasury management fees        
Noninterest Income        
Total noninterest income 353 351 691 684
Investment banking and trading income        
Noninterest Income        
Total noninterest income 352 205 724 478
Other deposit revenue        
Noninterest Income        
Total noninterest income 120 108 240 225
Mortgage banking income        
Noninterest Income        
Total noninterest income 116 107 249 215
Lending related fees        
Noninterest Income        
Total noninterest income 120 99 238 194
Securities gains (losses)        
Noninterest Income        
Total noninterest income 0 (18) 0 (19)
Other income        
Noninterest Income        
Total noninterest income $ 208 $ 200 $ 310 $ 323