EX-99.1 2 a3q2025earningsrelease.htm EX-99.1
First Horizon Corporation Delivers Strong Third Quarter 2025 Results
Net Income Available to Common Shareholders of $254 Million with an EPS of $0.50, a $0.05 Increase from Prior Quarter; $263 Million or $0.51 on an Adjusted Basis, up $0.06 from Prior Quarter*
MEMPHIS, TN (October 15, 2025) – First Horizon Corporation (NYSE: FHN or “First Horizon”) today reported third quarter net income available to common shareholders ("NIAC") of $254 million or earnings per share of $0.50, compared with second quarter 2025 NIAC of $233 million or earnings per share of $0.45. Third quarter 2025 results decreased by $9 million due to after-tax notable items compared with a $3 million increase in second quarter 2025. Excluding notable items, adjusted third quarter 2025 NIAC was $263 million or $0.51 per share compared to $229 million or $0.45 per share in second quarter 2025.
“We are pleased to report another strong quarter, a testament to the disciplined execution of our strategy and the expertise of our associates,” said Chairman, President and CEO Bryan Jordan. “First Horizon’s diversified business model and attractive geographic footprint position us well amid a changing environment. Our ongoing focus on safety and soundness, profitability, and growth enables us to meet our clients’ evolving needs with tailored solutions that create meaningful value."
Jordan continued, “Credit quality remains a strength, driven by prudent risk management and the dedicated efforts of our associates, who maintain high standards of service for our clients and communities. As economic conditions evolve, our adaptability and solid performance, supported by continued investments in technology and community partnerships, position First Horizon to deliver consistent returns and foster long-term growth for our shareholders.”
Notable Items

Notable Items |  |  |  |  |  |  |  |  |
Quarterly, Unaudited ($ in millions, except per share data) | 3Q25 |  | 2Q25 |  | 3Q24 |  |  |  |
Summary of Notable Items: |  |  |  |  |  |  |  |  |
Deferred compensation adjustment | $ | — |  |  | $ | 4 |  |  | $ | — |  |  |  |  |
FDIC special assessment (other noninterest expense) | 2 |  |  | 1 |  |  | 2 |  |  |  |  |
Other notable expenses | (10) |  |  | — |  |  | (17) |  |  |  |  |
Total notable items (pre-tax) | $ | (8) |  |  | $ | 4 |  |  | $ | (14) |  |  |  |  |
Preferred Stock Dividend ** | $ | (3) |  |  | $ | — |  |  | $ | — |  |  |  |  |
Total notable items (after-tax) | $ | (9) |  |  | $ | 3 |  |  | $ | (11) |  |  |  |  |
Numbers may not total due to rounding. |  |  |  |  |  |  |  |  |
** 3Q25 includes $3 million deemed dividends on the redemption of $80 million par value of Series B Preferred Stock.

Third quarter pre-tax notable items included $2 million of expense credit for the FDIC special assessment and a $10 million impact related to Visa derivative valuation expenses. Third quarter after-tax notable items include $3 million of deemed dividends on the redemption of $80 million par value of Series B Preferred Stock.
*References to "adjusted" results exclude notable items and, along with return on tangible common equity, tangible book value per share, and certain other financial measures, are
non-GAAP financial measures. All references to loans include leases. All references to earnings per share are based on diluted shares. Please see page 4 for information on our use of non-GAAP measures and a reconciliation of these measures to GAAP beginning on page 20.
1

Third Quarter 2025 versus Second Quarter 2025
Net interest income
Net interest income (FTE) increased $33 million to $678 million and net interest margin of 3.55% increased 15 basis points. NII increase was driven by average balance growth in higher yielding portfolios and cash basis income as well as increased accretion related to the Main Street Lending Program.
Noninterest income
Noninterest income increased $26 million to $215 million primarily driven by improvement in the counter-cyclical businesses; specifically, fixed income revenues increased $15 million and mortgage banking revenues increased $6 million driven by a $4.7 million pre-tax gain from a sale of mortgage servicing rights (MSRs) in the quarter.
Noninterest expense
Noninterest expense of $551 million increased $59 million from the prior quarter. Third quarter notable items included $2 million of expense credit for the FDIC special assessment and a $10 million expense tied to Visa derivative valuation expenses. Adjusted noninterest expense of $542 million increased $47 million, largely due to a $28 million increase in other noninterest expense, the largest component of which was a $20 million contribution to the First Horizon Foundation in the third quarter. Outside services increased by $8 million, which reflects project expenses in technology and risk. Additionally, increased incentives and commissions expenses of $6 million reflect fixed income revenue increases in the quarter.
Loans and leases
Average loan and lease balances of $62.8 billion represented a $236 million increase compared to the prior quarter, while period-end balances were $63.1 billion, decreasing $202 million from second quarter 2025. Loans to mortgage companies (LMC) declined $132 million at period end due to typical seasonality, while other C&I balances increased by $174 million. Loan yields of 6.06% increased 14 basis points driven by average balance increases in higher yield portfolios and accretion from the Main Street Lending Program referenced above.
Deposits
Average deposits of $65.9 billion increased $1.2 billion from second quarter 2025. Period-end deposits of $65.5 billion decreased $52 million, driven by a $652 million decrease in brokered deposits, partially offset by a $131 million increase in DDA balances. Interest-bearing deposit cost of 2.78% increased 2 basis points from the prior quarter, with a spot rate of approximately 2.68% at the end of the quarter.
Asset quality
Provision credit of $5 million versus expense of $30 million in the previous quarter. Net charge-offs were $26 million or 17 basis points, down from $34 million or 22 basis points in prior quarter. Nonperforming loans of $605 million increased $13 million, with a decrease in C&I offset by increases in commercial real estate. The ACL to loans ratio decreased from 1.42% in second quarter 2025 to 1.38%, driven by reductions in criticized and classified graded credits and favorable portfolio mix.
Capital
CET1 ratio of 11.0% was consistent with the second quarter 2025. NIAC growth and loan portfolio shrinkage in the quarter was offset by share repurchases totaling $190 million.
Income taxes
Third quarter 2025 effective and adjusted effective tax rates were 22.7%. Both the effective tax rate and adjusted effective tax rate for second quarter 2025 were 20.8%.
2

SUMMARY RESULTS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quarterly, Unaudited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | 3Q25 Change vs. |  |  |  |
($s in millions, except per share and balance sheet data) |  | 3Q25 |  | 2Q25 |  | 3Q24 |  | 2Q25 |  | 3Q24 |  |  |  |
|  |  |  |  |  |  |  | $/bp |  | % |  | $/bp |  | % |  |  |  |
Income Statement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income - taxable equivalent 1 |  | $ | 1,081 |  |  | $ | 1,047 |  |  | $ | 1,123 |  |  | $ | 34 |  |  | 3 | % |  | $ | (42) |  |  | (4) | % |  |  |  |
Interest expense- taxable equivalent 1 |  | 403 |  |  | 403 |  |  | 491 |  |  | 1 |  |  | — |  |  | (88) |  |  | (18) |  |  |  |  |
Net interest income- taxable equivalent |  | 678 |  |  | 645 |  |  | 631 |  |  | 33 |  |  | 5 |  |  | 46 |  |  | 7 |  |  |  |  |
Less: Taxable-equivalent adjustment |  | 3 |  |  | 4 |  |  | 4 |  |  | — |  |  | (4) |  |  | — |  |  | (9) |  |  |  |  |
Net interest income |  | 674 |  |  | 641 |  |  | 627 |  |  | 33 |  |  | 5 |  |  | 47 |  |  | 7 |  |  |  |  |
Noninterest income |  | 215 |  |  | 189 |  |  | 200 |  |  | 26 |  |  | 14 |  |  | 15 |  |  | 7 |  |  |  |  |
Total revenue |  | 889 |  |  | 830 |  |  | 828 |  |  | 60 |  |  | 7 |  |  | 62 |  |  | 7 |  |  |  |  |
Noninterest expense |  | 551 |  |  | 491 |  |  | 511 |  |  | 59 |  |  | 12 |  |  | 39 |  |  | 8 |  |  |  |  |
Pre-provision net revenue 3 |  | 339 |  |  | 339 |  |  | 316 |  |  | — |  |  | — |  |  | 23 |  |  | 7 |  |  |  |  |
Provision for credit losses |  | (5) |  |  | 30 |  |  | 35 |  |  | (35) |  |  | (117) |  |  | (40) |  |  | (114) |  |  |  |  |
Income before income taxes |  | 344 |  |  | 309 |  |  | 281 |  |  | 35 |  |  | 11 |  |  | 63 |  |  | 22 |  |  |  |  |
Provision for income taxes |  | 78 |  |  | 64 |  |  | 58 |  |  | 14 |  |  | 22 |  |  | 20 |  |  | 35 |  |  |  |  |
Net income |  | 266 |  |  | 244 |  |  | 223 |  |  | 21 |  |  | 9 |  |  | 42 |  |  | 19 |  |  |  |  |
Net income attributable to noncontrolling interest |  | 4 |  |  | 4 |  |  | 5 |  |  | — |  |  | 3 |  |  | (1) |  |  | (15) |  |  |  |  |
Net income attributable to controlling interest |  | 262 |  |  | 240 |  |  | 218 |  |  | 21 |  |  | 9 |  |  | 43 |  |  | 20 |  |  |  |  |
Preferred stock dividends |  | 8 |  |  | 8 |  |  | 5 |  |  | — |  |  | — |  |  | 3 |  |  | 52 |  |  |  |  |
Net income available to common shareholders |  | $ | 254 |  |  | $ | 233 |  |  | $ | 213 |  |  | $ | 21 |  |  | 9 | % |  | $ | 41 |  |  | 19 | % |  |  |  |
Adjusted net income 4 |  | $ | 272 |  |  | $ | 241 |  |  | $ | 234 |  |  | $ | 31 |  |  | 13 | % |  | $ | 38 |  |  | 16 | % |  |  |  |
Adjusted net income available to common shareholders 4 |  | $ | 263 |  |  | $ | 229 |  |  | $ | 224 |  |  | $ | 33 |  |  | 15 | % |  | $ | 38 |  |  | 17 | % |  |  |  |
Common stock information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
EPS |  | $ | 0.50 |  |  | $ | 0.45 |  |  | $ | 0.40 |  |  | $ | 0.05 |  |  | 11 | % |  | $ | 0.10 |  |  | 25 | % |  |  |  |
Adjusted EPS 4 |  | $ | 0.51 |  |  | $ | 0.45 |  |  | $ | 0.42 |  |  | $ | 0.06 |  |  | 13 | % |  | $ | 0.09 |  |  | 21 | % |  |  |  |
Diluted shares 8 |  | 510 |  |  | 514 |  |  | 538 |  |  | (3) |  |  | (1) | % |  | (28) |  |  | (5) | % |  |  |  |
Key performance metrics |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest margin 6 |  | 3.55 | % |  | 3.40 | % |  | 3.31 | % |  | 15 | bp |  |  |  | 24 | bp |  |  |  |  |  |
Efficiency ratio |  | 61.92 |  |  | 59.20 |  |  | 61.89 |  |  | 272 | bp |  |  |  | 3 | bp |  |  |  |  |  |
Adjusted efficiency ratio 4 |  | 60.76 |  |  | 59.47 |  |  | 59.86 |  |  | 129 | bp |  |  |  | 90 | bp |  |  |  |  |  |
Effective income tax rate |  | 22.69 |  |  | 20.78 |  |  | 20.58 |  |  | 191 | bp |  |  |  | 211 | bp |  |  |  |  |  |
Return on average assets |  | 1.29 |  |  | 1.20 |  |  | 1.08 |  |  | 9 | bp |  |  |  | 21 | bp |  |  |  |  |  |
Adjusted return on average assets 4 |  | 1.32 |  |  | 1.18 |  |  | 1.13 |  |  | 14 | bp |  |  |  | 19 | bp |  |  |  |  |  |
Return on average common equity (“ROCE") |  | 11.7 |  |  | 11.1 |  |  | 10.1 |  |  | 60 | bp |  |  |  | 164 | bp |  |  |  |  |  |
Return on average tangible common equity (“ROTCE”)4 |  | 14.5 |  |  | 13.8 |  |  | 12.6 |  |  | 64 | bp |  |  |  | 189 | bp |  |  |  |  |  |
Adjusted ROTCE 4 |  | 15.0 |  |  | 13.6 |  |  | 13.2 |  |  | 135 | bp |  |  |  | 176 | bp |  |  |  |  |  |
Noninterest income as a % of total revenue |  | 24.16 |  |  | 22.73 |  |  | 24.06 |  |  | 143 | bp |  |  |  | 10 | bp |  |  |  |  |  |
Adjusted noninterest income as a % of total revenue 4 |  | 24.07 | % |  | 22.63 | % |  | 23.95 | % |  | 144 | bp |  |  |  | 12 | bp |  |  |  |  |  |
Balance Sheet (billions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Average loans |  | $ | 62.8 |  |  | $ | 62.6 |  |  | $ | 62.4 |  |  | $ | 0.2 |  |  | — | % |  | $ | 0.4 |  |  | 1 | % |  |  |  |
Average deposits |  | 65.9 |  |  | 64.7 |  |  | 66.3 |  |  | 1.2 |  |  | 2 |  |  | (0.3) |  |  | (1) |  |  |  |  |
Average assets |  | 82.0 |  |  | 82.0 |  |  | 82.4 |  |  | 0.1 |  |  | — |  |  | (0.3) |  |  | — |  |  |  |  |
Average common equity |  | $ | 8.6 |  |  | $ | 8.4 |  |  | $ | 8.4 |  |  | $ | 0.2 |  |  | 2 | % |  | $ | 0.2 |  |  | 2 | % |  |  |  |
Asset Quality Highlights |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses to loans and leases 4 |  | 1.38 | % |  | 1.42 | % |  | 1.44 | % |  | (4) | bp |  |  |  | (6) | bp |  |  |  |  |  |
Nonperforming loan and leases ratio |  | 0.96 | % |  | 0.94 | % |  | 0.92 | % |  | 2 | bp |  |  |  | 4 | bp |  |  |  |  |  |
Net charge-off ratio |  | 0.17 | % |  | 0.22 | % |  | 0.15 | % |  | (5) | bp |  |  |  | 2 | bp |  |  |  |  |  |
Net charge-offs |  | $ | 26 |  |  | $ | 34 |  |  | $ | 24 |  |  | $ | (7) |  |  | (22) | % |  | $ | 2 |  |  | 10 | % |  |  |  |
Capital Ratio Highlights (current quarter is an estimate) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Equity Tier 1 |  | 11.0 | % |  | 11.0 | % |  | 11.2 | % |  | (2) | bp |  |  |  | (26) | bp |  |  |  |  |  |
Tier 1 |  | 11.9 |  |  | 12.0 |  |  | 12.2 |  |  | (13) | bp |  |  |  | (37) | bp |  |  |  |  |  |
Total Capital |  | 13.8 |  |  | 14.0 |  |  | 14.2 |  |  | (17) | bp |  |  |  | (46) | bp |  |  |  |  |  |
Tier 1 leverage |  | 10.5 | % |  | 10.6 | % |  | 10.6 | % |  | (9) | bp |  |  |  | (18) | bp |  |  |  |  |  |

Numbers may not total due to rounding.
See footnote disclosures on page 19 and glossary of terms on page 25.
3

Forward-Looking Statements
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results, or other developments. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “should,” “is likely,” “will,” “going forward,” and other similar expressions that indicate future events and trends. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic, and competitive uncertainties and contingencies, many of which are beyond FHN’s control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change and could cause FHN’s actual future results and outcomes to differ materially from those contemplated or implied by forward-looking statements or historical performance. While there is no assurance that any list of uncertainties and contingencies is complete, examples of factors which could cause actual results to differ from those contemplated by forward-looking statements or historical performance include those mentioned: in this document; in Items 2.02 and 7.01 of FHN’s Current Report on Form 8-K to which this document has been furnished as an exhibit; in the forepart, and in Items 1, 1A, and 7, of FHN’s most recent Annual Report on Form 10-K; and in the forepart, and in Item 1A of Part II, of FHN’s Quarterly Report(s) on Form 10-Q filed after that Annual Report. Any forward-looking statements made by or on behalf of FHN speak only as of the date they are made, and FHN assumes no obligation to update or revise any forward-looking statements that are made in this document or in any other statement, release, report, or filing from time to time. Actual results could differ and expectations could change, possibly materially, because of one or more factors, including those factors listed in this document or the documents mentioned above, and other factors not listed.
Throughout this document, numbers may not total due to rounding, references to EPS are fully diluted, and capital ratios for the most recent quarter are estimates.
Use of non-GAAP Measures and Regulatory Measures that are not GAAP
Certain measures included in this report are “non-GAAP,” meaning they are not presented in accordance with generally accepted accounting principles in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN’s management believes such measures are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. Non-GAAP measures are reported to FHN’s management and Board of Directors through various internal reports.
The non-GAAP measures presented in this earnings release are fully taxable equivalent measures, pre-provision net revenue ("PPNR"), return on average tangible common equity (“ROTCE”), tangible common equity (“TCE”) to tangible assets (“TA”), tangible book value ("TBV") per common share, and various consolidated and segment results and performance measures and ratios adjusted for notable items.
Presentation of regulatory measures, even those which are not GAAP, provides a meaningful base for comparability to other financial institutions subject to the same regulations as FHN, as demonstrated by their use by banking regulators in reviewing capital adequacy of financial institutions. Although not GAAP terms, these regulatory measures are not considered “non-GAAP” under U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures used in this financial supplement include: common equity tier 1 capital ("CET1"), generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; tier 1 capital, generally defined as the sum of core capital (including common equity and instruments that cannot be redeemed at the option of the holder) adjusted for certain items under risk based capital regulations; and risk-weighted assets, which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios.
Refer to the tabular reconciliation of non-GAAP to GAAP measures and presentation of the most comparable GAAP items, beginning on page 20.
4

Conference Call Information
Analysts, investors and interested parties may call toll-free starting at 8:15 a.m. CT on October 15, 2025, by dialing 1-833-470-1428 (if calling from the U.S.) or 404-975-4839 (if calling from outside the U.S) and entering access code 547397. The conference call will begin at 8:30 a.m. CT.
Participants can also opt to listen to the live audio webcast at https://ir.firsthorizon.com/events-and-presentations/default.aspx.
A replay of the call will be available beginning at noon CT on October 15 until midnight CT on October 29, 2025. To listen to the replay, dial 1-866-813-9403 (U.S. callers); the access code is 101579. A replay of the webcast will also be available on our website on October 15 and will be archived on the site for one year.
First Horizon Corporation (NYSE: FHN), with $83.2 billion in assets as of September 30, 2025, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Contact: Investor Relations - Tyler Craft - Tyler.Craft@firsthorizon.com
Media Relations - Beth Ardoin - Beth.Ardoin@firsthorizon.com
5

CONSOLIDATED INCOME STATEMENT |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quarterly, Unaudited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | 3Q25 Change vs. |  |  |  |  |  |
($s in millions, except per share data) | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 |  | 3Q24 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | $ |  | % |  | $ |  | % |  |  |  |  |  |  |  |
Interest income - taxable equivalent 1 | $ | 1,081 |  |  | $ | 1,047 |  |  | $ | 1,017 |  |  | $ | 1,071 |  |  | $ | 1,123 |  |  | $ | 34 |  |  | 3 | % |  | $ | (42) |  |  | (4) | % |  |  |  |  |  |  |  |
Interest expense- taxable equivalent 1 | 403 |  |  | 403 |  |  | 383 |  |  | 438 |  |  | 491 |  |  | 1 |  |  | — |  |  | (88) |  |  | (18) |  |  |  |  |  |  |  |  |
Net interest income- taxable equivalent | 678 |  |  | 645 |  |  | 634 |  |  | 634 |  |  | 631 |  |  | 33 |  |  | 5 |  |  | 46 |  |  | 7 |  |  |  |  |  |  |  |  |
Less: Taxable-equivalent adjustment | 3 |  |  | 4 |  |  | 3 |  |  | 4 |  |  | 4 |  |  | — |  |  | (4) |  |  | — |  |  | (9) |  |  |  |  |  |  |  |  |
Net interest income | 674 |  |  | 641 |  |  | 631 |  |  | 630 |  |  | 627 |  |  | 33 |  |  | 5 |  |  | 47 |  |  | 7 |  |  |  |  |  |  |  |  |
Noninterest income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed income | 57 |  |  | 42 |  |  | 49 |  |  | 49 |  |  | 47 |  |  | 15 |  |  | 36 |  |  | 11 |  |  | 23 |  |  |  |  |  |  |  |  |
Mortgage banking | 15 |  |  | 10 |  |  | 8 |  |  | 8 |  |  | 9 |  |  | 6 |  |  | 59 |  |  | 6 |  |  | 70 |  |  |  |  |  |  |  |  |
Brokerage, trust, and insurance | 39 |  |  | 39 |  |  | 38 |  |  | 41 |  |  | 39 |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Service charges and fees | 57 |  |  | 55 |  |  | 52 |  |  | 53 |  |  | 59 |  |  | 2 |  |  | 4 |  |  | (1) |  |  | (2) |  |  |  |  |  |  |  |  |
Card and digital banking fees | 19 |  |  | 19 |  |  | 18 |  |  | 19 |  |  | 19 |  |  | (1) |  |  | (3) |  |  | (1) |  |  | (4) |  |  |  |  |  |  |  |  |
Deferred compensation income 9 | 8 |  |  | 8 |  |  | (3) |  |  | 1 |  |  | 6 |  |  | 1 |  |  | 10 |  |  | 2 |  |  | 42 |  |  |  |  |  |  |  |  |
Securities gains/(losses) | — |  |  | — |  |  | — |  |  | (91) |  |  | 1 |  |  | — |  |  | 75 |  |  | (1) |  |  | (81) |  |  |  |  |  |  |  |  |
Other noninterest income | 19 |  |  | 16 |  |  | 18 |  |  | 20 |  |  | 20 |  |  | 3 |  |  | 16 |  |  | (1) |  |  | (7) |  |  |  |  |  |  |  |  |
Total noninterest income | 215 |  |  | 189 |  |  | 181 |  |  | 99 |  |  | 200 |  |  | 26 |  |  | 14 |  |  | 15 |  |  | 7 |  |  |  |  |  |  |  |  |
Total revenue | 889 |  |  | 830 |  |  | 812 |  |  | 729 |  |  | 828 |  |  | 60 |  |  | 7 |  |  | 62 |  |  | 7 |  |  |  |  |  |  |  |  |
Noninterest expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personnel expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and benefits | 209 |  |  | 206 |  |  | 201 |  |  | 199 |  |  | 199 |  |  | 3 |  |  | 1 |  |  | 10 |  |  | 5 |  |  |  |  |  |  |  |  |
Incentives and commissions | 79 |  |  | 73 |  |  | 81 |  |  | 76 |  |  | 76 |  |  | 6 |  |  | 9 |  |  | 3 |  |  | 4 |  |  |  |  |  |  |  |  |
Deferred compensation expense 9 | 8 |  |  | 3 |  |  | (3) |  |  | 1 |  |  | 6 |  |  | 5 |  |  | NM |  | 2 |  |  | 25 |  |  |  |  |  |  |  |  |
Total personnel expense | 296 |  |  | 282 |  |  | 279 |  |  | 276 |  |  | 282 |  |  | 14 |  |  | 5 |  |  | 14 |  |  | 5 |  |  |  |  |  |  |  |  |
Occupancy and equipment 2 | 80 |  |  | 79 |  |  | 78 |  |  | 76 |  |  | 73 |  |  | 1 |  |  | 1 |  |  | 7 |  |  | 9 |  |  |  |  |  |  |  |  |
Outside services | 79 |  |  | 71 |  |  | 63 |  |  | 72 |  |  | 74 |  |  | 8 |  |  | 12 |  |  | 5 |  |  | 6 |  |  |  |  |  |  |  |  |
Amortization of intangible assets | 9 |  |  | 10 |  |  | 10 |  |  | 11 |  |  | 11 |  |  | (1) |  |  | (8) |  |  | (2) |  |  | (18) |  |  |  |  |  |  |  |  |
Other noninterest expense | 87 |  |  | 50 |  |  | 58 |  |  | 74 |  |  | 71 |  |  | 37 |  |  | 75 |  |  | 16 |  |  | 22 |  |  |  |  |  |  |  |  |
Total noninterest expense | 551 |  |  | 491 |  |  | 488 |  |  | 508 |  |  | 511 |  |  | 59 |  |  | 12 |  |  | 39 |  |  | 8 |  |  |  |  |  |  |  |  |
Pre-provision net revenue 3 | 339 |  |  | 339 |  |  | 325 |  |  | 220 |  |  | 316 |  |  | — |  |  | — |  |  | 23 |  |  | 7 |  |  |  |  |  |  |  |  |
Provision for credit losses | (5) |  |  | 30 |  |  | 40 |  |  | 10 |  |  | 35 |  |  | (35) |  |  | (117) |  |  | (40) |  |  | (114) |  |  |  |  |  |  |  |  |
Income before income taxes | 344 |  |  | 309 |  |  | 285 |  |  | 210 |  |  | 281 |  |  | 35 |  |  | 11 |  |  | 63 |  |  | 22 |  |  |  |  |  |  |  |  |
Provision for income taxes | 78 |  |  | 64 |  |  | 63 |  |  | 41 |  |  | 58 |  |  | 14 |  |  | 22 |  |  | 20 |  |  | 35 |  |  |  |  |  |  |  |  |
Net income | 266 |  |  | 244 |  |  | 222 |  |  | 170 |  |  | 223 |  |  | 21 |  |  | 9 |  |  | 42 |  |  | 19 |  |  |  |  |  |  |  |  |
Net income attributable to noncontrolling interest | 4 |  |  | 4 |  |  | 4 |  |  | 4 |  |  | 5 |  |  | — |  |  | 3 |  |  | (1) |  |  | (15) |  |  |  |  |  |  |  |  |
Net income attributable to controlling interest | 262 |  |  | 240 |  |  | 218 |  |  | 165 |  |  | 218 |  |  | 21 |  |  | 9 |  |  | 43 |  |  | 20 |  |  |  |  |  |  |  |  |
Preferred stock dividends | 8 |  |  | 8 |  |  | 5 |  |  | 8 |  |  | 5 |  |  | — |  |  | — |  |  | 3 |  |  | 52 |  |  |  |  |  |  |  |  |
Net income available to common shareholders | $ | 254 |  |  | $ | 233 |  |  | $ | 213 |  |  | $ | 158 |  |  | $ | 213 |  |  | $ | 21 |  |  | 9 | % |  | $ | 41 |  |  | 19 | % |  |  |  |  |  |  |  |
Common Share Data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
EPS | $ | 0.50 |  |  | $ | 0.46 |  |  | $ | 0.41 |  |  | $ | 0.30 |  |  | $ | 0.40 |  |  | $ | 0.04 |  |  | 9 | % |  | $ | 0.10 |  |  | 25 | % |  |  |  |  |  |  |  |
Basic shares | 505 |  |  | 508 |  |  | 517 |  |  | 528 |  |  | 534 |  |  | (3) |  |  | (1) |  |  | (29) |  |  | (5) |  |  |  |  |  |  |  |  |
Diluted EPS | $ | 0.50 |  |  | $ | 0.45 |  |  | $ | 0.41 |  |  | $ | 0.29 |  |  | $ | 0.40 |  |  | $ | 0.05 |  |  | 11 |  |  | $ | 0.10 |  |  | 25 |  |  |  |  |  |  |  |  |
Diluted shares 8 | 510 |  |  | 514 |  |  | 523 |  |  | 534 |  |  | 538 |  |  | (3) |  |  | (1) | % |  | (28) |  |  | (5) | % |  |  |  |  |  |  |  |
Effective tax rate | 22.7 | % |  | 20.8 | % |  | 22.0 | % |  | 19.3 | % |  | 20.6 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

Numbers may not total due to rounding.
See footnote disclosures on page 19 and glossary of terms on page 25.
6

ADJUSTED 4 FINANCIAL DATA - SEE NOTABLE ITEMS ON PAGE 8
Quarterly, Unaudited

|  |  |  |  |  |  |  |  |  |  | 3Q25 Change vs. |  |  |  |  |  |
($s in millions, except per share data) | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 |  | 3Q24 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | $ |  | % |  | $ |  | % |  |  |  |  |  |  |  |
Net interest income (FTE)1 | $ | 678 |  |  | $ | 645 |  |  | $ | 634 |  |  | $ | 634 |  |  | $ | 631 |  |  | $ | 33 |  |  | 5 | % |  | $ | 46 |  |  | 7 | % |  |  |  |  |  |  |  |
Adjusted noninterest income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed income | 57 |  |  | 42 |  |  | 49 |  |  | 49 |  |  | 47 |  |  | 15 |  |  | 36 |  |  | 11 |  |  | 23 |  |  |  |  |  |  |  |  |
Mortgage banking | 15 |  |  | 10 |  |  | 8 |  |  | 8 |  |  | 9 |  |  | 6 |  |  | 59 |  |  | 6 |  |  | 70 |  |  |  |  |  |  |  |  |
Brokerage, trust, and insurance | 39 |  |  | 39 |  |  | 38 |  |  | 41 |  |  | 39 |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Service charges and fees | 57 |  |  | 55 |  |  | 52 |  |  | 53 |  |  | 59 |  |  | 2 |  |  | 4 |  |  | (1) |  |  | (2) |  |  |  |  |  |  |  |  |
Card and digital banking fees | 19 |  |  | 19 |  |  | 18 |  |  | 19 |  |  | 19 |  |  | (1) |  |  | (3) |  |  | (1) |  |  | (4) |  |  |  |  |  |  |  |  |
Deferred compensation income 9 | 8 |  |  | 8 |  |  | (3) |  |  | 1 |  |  | 6 |  |  | 1 |  |  | 10 |  |  | 2 |  |  | 42 |  |  |  |  |  |  |  |  |
Adjusted securities gains/(losses) | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 75 | % |  | (1) |  |  | (81) | % |  |  |  |  |  |  |  |
Adjusted other noninterest income | 19 |  |  | 16 |  |  | 18 |  |  | 20 |  |  | 20 |  |  | 3 |  |  | 16 |  |  | (1) |  |  | (7) |  |  |  |  |  |  |  |  |
Adjusted total noninterest income | $ | 215 |  |  | $ | 189 |  |  | $ | 181 |  |  | $ | 190 |  |  | $ | 200 |  |  | $ | 26 |  |  | 14 | % |  | $ | 15 |  |  | 7 | % |  |  |  |  |  |  |  |
Total revenue (FTE)1 | $ | 893 |  |  | $ | 833 |  |  | $ | 816 |  |  | $ | 824 |  |  | $ | 832 |  |  | $ | 60 |  |  | 7 | % |  | $ | 61 |  |  | 7 | % |  |  |  |  |  |  |  |
Adjusted noninterest expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted personnel expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted salaries and benefits | $ | 209 |  |  | $ | 206 |  |  | $ | 201 |  |  | $ | 199 |  |  | $ | 199 |  |  | $ | 3 |  |  | 1 | % |  | $ | 10 |  |  | 5 | % |  |  |  |  |  |  |  |
Adjusted Incentives and commissions | 79 |  |  | 73 |  |  | 81 |  |  | 73 |  |  | 76 |  |  | 6 |  |  | 9 |  |  | 3 |  |  | 4 |  |  |  |  |  |  |  |  |
Deferred compensation expense 9 | 8 |  |  | 7 |  |  | (3) |  |  | 1 |  |  | 6 |  |  | 1 |  |  | 22 |  |  | 2 |  |  | 25 |  |  |  |  |  |  |  |  |
Adjusted total personnel expense | 296 |  |  | 286 |  |  | 279 |  |  | 274 |  |  | 281 |  |  | 10 |  |  | 4 |  |  | 14 |  |  | 5 |  |  |  |  |  |  |  |  |
Adjusted occupancy and equipment 2 | 80 |  |  | 79 |  |  | 78 |  |  | 76 |  |  | 73 |  |  | 1 |  |  | 1 |  |  | 7 |  |  | 9 |  |  |  |  |  |  |  |  |
Adjusted outside services | 79 |  |  | 71 |  |  | 63 |  |  | 71 |  |  | 73 |  |  | 8 |  |  | 12 |  |  | 6 |  |  | 8 |  |  |  |  |  |  |  |  |
Amortization of intangible assets | 9 |  |  | 10 |  |  | 10 |  |  | 11 |  |  | 11 |  |  | (1) |  |  | (8) |  |  | (2) |  |  | (18) |  |  |  |  |  |  |  |  |
Adjusted other noninterest expense | 79 |  |  | 50 |  |  | 52 |  |  | 74 |  |  | 59 |  |  | 28 |  |  | 56 |  |  | 20 |  |  | 35 |  |  |  |  |  |  |  |  |
Adjusted total noninterest expense | $ | 542 |  |  | $ | 495 |  |  | $ | 482 |  |  | $ | 506 |  |  | $ | 497 |  |  | $ | 47 |  |  | 9 | % |  | $ | 45 |  |  | 9 | % |  |  |  |  |  |  |  |
Adjusted pre-provision net revenue 4 | $ | 351 |  |  | $ | 338 |  |  | $ | 334 |  |  | $ | 318 |  |  | $ | 335 |  |  | $ | 13 |  |  | 4 | % |  | $ | 16 |  |  | 5 | % |  |  |  |  |  |  |  |
Provision for credit losses | $ | (5) |  |  | $ | 30 |  |  | $ | 40 |  |  | $ | 10 |  |  | $ | 35 |  |  | $ | (35) |  |  | (117) | % |  | $ | (40) |  |  | (114) | % |  |  |  |  |  |  |  |
Adjusted net income available to common shareholders | $ | 263 |  |  | $ | 229 |  |  | $ | 217 |  |  | $ | 228 |  |  | $ | 224 |  |  | $ | 33 |  |  | 15 | % |  | $ | 38 |  |  | 17 | % |  |  |  |  |  |  |  |
Adjusted Common Share Data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted diluted EPS | $ | 0.51 |  |  | $ | 0.45 |  |  | $ | 0.42 |  |  | $ | 0.43 |  |  | $ | 0.42 |  |  | $ | 0.06 |  |  | 13 | % |  | $ | 0.09 |  |  | 21 | % |  |  |  |  |  |  |  |
Diluted shares 8 | 510 |  |  | 514 |  |  | 523 |  |  | 534 |  |  | 538 |  |  | (3) |  |  | (1) | % |  | (28) |  |  | (5) | % |  |  |  |  |  |  |  |
Adjusted effective tax rate | 22.7 | % |  | 20.8 | % |  | 22.0 | % |  | 21.0 | % |  | 20.8 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted ROTCE 4 | 15.0 | % |  | 13.6 | % |  | 13.1 | % |  | 13.3 | % |  | 13.2 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted efficiency ratio 4 | 60.8 | % |  | 59.5 | % |  | 59.1 | % |  | 61.4 | % |  | 59.9 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

Numbers may not total due to rounding.
See footnote disclosures on page 19 and glossary of terms on page 25.
7

NOTABLE ITEMS
Quarterly, Unaudited

(In millions) | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  |  |  |
Summary of Notable Items: |  |  |  |  |  |  |  |  |  |  |  |  |
Loss on AFS portfolio restructuring | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (91) |  |  | $ | — |  |  |  |  |
Deferred compensation adjustment | — |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  |  |  |
FDIC special assessment (other noninterest expense) | 2 |  |  | 1 |  |  | (1) |  |  | 1 |  |  | 2 |  |  |  |  |
Other notable expenses * | (10) |  |  | — |  |  | (5) |  |  | (3) |  |  | (17) |  |  |  |  |
Total notable items (pre-tax) | $ | (8) |  |  | $ | 4 |  |  | $ | (6) |  |  | $ | (94) |  |  | $ | (14) |  |  |  |  |
Tax-related notable items | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |
Preferred Stock Dividend ** | $ | (3) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |

Numbers may not total due to rounding.
* 4Q24 and 3Q24 include $3 million and $2 million of restructuring expenses; 3Q25, 1Q25, and 3Q24 include $10 million, $5 million, and $15 million of Visa derivative valuation expenses
** 3Q25 includes $3 million deemed dividends on the redemption of $80 million par value of Series B Preferred Stock.

IMPACT OF NOTABLE ITEMS:
Quarterly, Unaudited

($s in millions, except per share data) | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  |  |  |  |  |  |  |  |  |  |  |  |
Impacts of Notable Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities (gains)/losses | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 91 |  |  | $ | — |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total noninterest income | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 91 |  |  | $ | — |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personnel expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Incentives and commissions | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (2) |  |  | $ | — |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred compensation expense | — |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total personnel expenses | — |  |  | 4 |  |  | — |  |  | (2) |  |  | (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outside services | — |  |  | — |  |  | — |  |  | (1) |  |  | (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other noninterest expense | (8) |  |  | 1 |  |  | (6) |  |  | 1 |  |  | (13) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total noninterest expense | $ | (8) |  |  | $ | 4 |  |  | $ | (6) |  |  | $ | (2) |  |  | $ | (14) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income before income taxes | $ | 8 |  |  | $ | (4) |  |  | $ | 6 |  |  | $ | 94 |  |  | $ | 14 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Provision for income taxes | 2 |  |  | (1) |  |  | 1 |  |  | 23 |  |  | 4 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock dividends * | (3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income/(loss) available to common shareholders | $ | 9 |  |  | $ | (3) |  |  | $ | 4 |  |  | $ | 71 |  |  | $ | 11 |  |  |  |  |  |  |  |  |  |  |  |  |  |
EPS impact of notable items | $ | 0.01 |  |  | $ | — |  |  | $ | 0.01 |  |  | $ | 0.13 |  |  | $ | 0.02 |  |  |  |  |  |  |  |  |  |  |  |  |  |

Numbers may not total due to rounding.
* 3Q25 includes $3 million deemed dividends on the redemption of $80 million par value of Series B Preferred Stock.
8

FINANCIAL RATIOS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quarterly, Unaudited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | 3Q25 Change vs. |  |  |  |  |  |
| 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 | 3Q24 |  |  |  |  |
FINANCIAL RATIOS |  |  |  |  |  |  |  |  |  |  | $/bp |  | % |  | $/bp |  | % |  |  |  |  |  |  |  |
Net interest margin 6 | 3.55 | % |  | 3.40 | % |  | 3.42 | % |  | 3.33 | % |  | 3.31 | % |  | 15 | bp |  |  |  | 24 | bp |  |  |  |  |  |  |  |  |  |
Return on average assets | 1.29 | % |  | 1.20 | % |  | 1.11 | % |  | 0.82 | % |  | 1.08 | % |  | 9 | bp |  |  |  | 21 | bp |  |  |  |  |  |  |  |  |  |
Adjusted return on average assets 4 | 1.32 | % |  | 1.18 | % |  | 1.14 | % |  | 1.17 | % |  | 1.13 | % |  | 14 | bp |  |  |  | 19 | bp |  |  |  |  |  |  |  |  |  |
Return on average common equity (“ROCE”) | 11.74 | % |  | 11.14 | % |  | 10.30 | % |  | 7.38 | % |  | 10.10 | % |  | 60 | bp |  |  |  | 164 | bp |  |  |  |  |  |  |  |  |  |
Return on average tangible common equity (“ROTCE”)4 | 14.49 | % |  | 13.85 | % |  | 12.81 | % |  | 9.17 | % |  | 12.60 | % |  | 64 | bp |  |  |  | 189 | bp |  |  |  |  |  |  |  |  |  |
Adjusted ROTCE 4 | 15.00 | % |  | 13.65 | % |  | 13.08 | % |  | 13.27 | % |  | 13.24 | % |  | 135 | bp |  |  |  | 176 | bp |  |  |  |  |  |  |  |  |  |
Noninterest income as a % of total revenue | 24.16 | % |  | 22.73 | % |  | 22.29 | % |  | 23.20 | % |  | 24.06 | % |  | 143 | bp |  |  |  | 10 | bp |  |  |  |  |  |  |  |  |  |
Adjusted noninterest income as a % of total revenue 4 | 24.07 | % |  | 22.63 | % |  | 22.20 | % |  | 23.10 | % |  | 23.95 | % |  | 144 | bp |  |  |  | 12 | bp |  |  |  |  |  |  |  |  |  |
Efficiency ratio | 61.92 | % |  | 59.20 | % |  | 60.06 | % |  | 61.98 | % |  | 61.89 | % |  | 272 | bp |  |  |  | 3 | bp |  |  |  |  |  |  |  |  |  |
Adjusted efficiency ratio 4 | 60.76 | % |  | 59.47 | % |  | 59.09 | % |  | 61.43 | % |  | 59.86 | % |  | 129 | bp |  |  |  | 90 | bp |  |  |  |  |  |  |  |  |  |
Allowance for credit losses to loans and leases 4 | 1.38 | % |  | 1.42 | % |  | 1.45 | % |  | 1.43 | % |  | 1.44 | % |  | (4) | bp |  |  |  | (6) | bp |  |  |  |  |  |  |  |  |  |
CAPITAL DATA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CET1 capital ratio* | 11.0 | % |  | 11.0 | % |  | 10.9 | % |  | 11.2 | % |  | 11.2 | % |  | (2) | bp |  |  |  | (26) | bp |  |  |  |  |  |  |  |  |  |
Tier 1 capital ratio* | 11.9 | % |  | 12.0 | % |  | 11.9 | % |  | 12.2 | % |  | 12.2 | % |  | (13) | bp |  |  |  | (37) | bp |  |  |  |  |  |  |  |  |  |
Total capital ratio* | 13.8 | % |  | 14.0 | % |  | 14.1 | % |  | 14.2 | % |  | 14.2 | % |  | (17) | bp |  |  |  | (46) | bp |  |  |  |  |  |  |  |  |  |
Tier 1 leverage ratio* | 10.5 | % |  | 10.6 | % |  | 10.5 | % |  | 10.6 | % |  | 10.6 | % |  | (9) | bp |  |  |  | (18) | bp |  |  |  |  |  |  |  |  |  |
Risk-weighted assets (“RWA”) (billions)* | $ | 72.0 |  |  | $ | 71.7 |  |  | $ | 70.8 |  |  | $ | 71.1 |  |  | $ | 71.5 |  |  | $ | 0.2 |  |  | — | % |  | $ | 0.5 |  |  | 1 | % |  |  |  |  |  |  |  |
Total equity to total assets | 11.11 | % |  | 11.28 | % |  | 11.10 | % |  | 11.09 | % |  | 11.27 | % |  | (17) | bp |  |  |  | (16) | bp |  |  |  |  |  |  |  |  |  |
Tangible common equity/tangible assets (“TCE/TA”)4 | 8.55 | % |  | 8.58 | % |  | 8.37 | % |  | 8.37 | % |  | 8.56 | % |  | (3) | bp |  |  |  | (1) | bp |  |  |  |  |  |  |  |  |  |
Period-end shares outstanding (millions)8 | 500 |  |  | 509 |  |  | 507 |  |  | 524 |  |  | 532 |  |  | (8) |  |  | (2) | % |  | (32) |  |  | (6) | % |  |  |  |  |  |  |  |
Cash dividends declared per common share | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | — |  |  | — | % |  | $ | — |  |  | — | % |  |  |  |  |  |  |  |
Book value per common share | $ | 17.19 |  |  | $ | 16.78 |  |  | $ | 16.40 |  |  | $ | 16.00 |  |  | $ | 16.15 |  |  | $ | 0.41 |  |  | 2 | % |  | $ | 1.04 |  |  | 6 | % |  |  |  |  |  |  |  |
Tangible book value per common share 4 | $ | 13.94 |  |  | $ | 13.57 |  |  | $ | 13.17 |  |  | $ | 12.85 |  |  | $ | 13.02 |  |  | $ | 0.37 |  |  | 3 | % |  | $ | 0.92 |  |  | 7 | % |  |  |  |  |  |  |  |
SELECTED BALANCE SHEET DATA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans-to-deposit ratio (period-end balances) | 96.23 | % |  | 96.47 | % |  | 96.90 | % |  | 95.40 | % |  | 93.80 | % |  | (23) | bp |  |  |  | 244 | bp |  |  |  |  |  |  |  |  |  |
Loans-to-deposit ratio (average balances) | 95.24 | % |  | 96.62 | % |  | 95.57 | % |  | 94.44 | % |  | 94.19 | % |  | (137) | bp |  |  |  | 105 | bp |  |  |  |  |  |  |  |  |  |
Full-time equivalent associates | 7,341 |  |  | 7,255 |  |  | 7,190 |  |  | 7,158 |  |  | 7,186 |  |  | 86 |  |  | 1 | % |  | 155 |  |  | 2 | % |  |  |  |  |  |  |  |

*Current quarter is an estimate.
See footnote disclosures on page 19 and glossary of terms on page 25.
9

CONSOLIDATED PERIOD-END BALANCE SHEET
Quarterly, Unaudited

|  |  |  |  |  |  |  |  |  |  | 3Q25 Change vs.
(In millions) | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 |  |  | 3Q24
Assets: |  |  |  |  |  |  |  |  |  |  | $ |  | % |  |  | $ |  | % |
Loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) | $ | 34,401 |  |  | $ | 34,359 |  |  | $ | 33,354 |  |  | $ | 33,428 |  |  | $ | 33,092 |  |  | $ | 42 |  |  | — | % |  |  | $ | 1,310 |  |  | 4 | % |
Commercial real estate | 13,674 |  |  | 13,936 |  |  | 14,139 |  |  | 14,421 |  |  | 14,705 |  |  | (261) |  |  | (2) |  |  |  | (1,031) |  |  | (7) |  |
Total Commercial | 48,076 |  |  | 48,295 |  |  | 47,493 |  |  | 47,849 |  |  | 47,797 |  |  | (219) |  |  | — |  |  |  | 279 |  |  | 1 |  |
Consumer real estate | 14,403 |  |  | 14,368 |  |  | 14,089 |  |  | 14,047 |  |  | 13,961 |  |  | 36 |  |  | — |  |  |  | 443 |  |  | 3 |  |
Credit card and other 5 | 579 |  |  | 597 |  |  | 633 |  |  | 670 |  |  | 688 |  |  | (18) |  |  | (3) |  |  |  | (109) |  |  | (16) |  |
Total Consumer | 14,982 |  |  | 14,965 |  |  | 14,722 |  |  | 14,716 |  |  | 14,648 |  |  | 17 |  |  | — |  |  |  | 334 |  |  | 2 |  |
Loans and leases, net of unearned income | 63,058 |  |  | 63,260 |  |  | 62,215 |  |  | 62,565 |  |  | 62,445 |  |  | (202) |  |  | — |  |  |  | 612 |  |  | 1 |  |
Loans held for sale | 501 |  |  | 402 |  |  | 510 |  |  | 551 |  |  | 494 |  |  | 99 |  |  | 25 |  |  |  | 7 |  |  | 1 |  |
Investment securities | 9,332 |  |  | 9,362 |  |  | 9,333 |  |  | 9,166 |  |  | 9,530 |  |  | (31) |  |  | — |  |  |  | (198) |  |  | (2) |  |
Trading securities | 2,070 |  |  | 1,430 |  |  | 1,376 |  |  | 1,387 |  |  | 1,549 |  |  | 640 |  |  | 45 |  |  |  | 521 |  |  | 34 |  |
Interest-bearing deposits with banks | 1,228 |  |  | 911 |  |  | 1,164 |  |  | 1,538 |  |  | 1,286 |  |  | 317 |  |  | 35 |  |  |  | (58) |  |  | (4) |  |
Federal funds sold and securities purchased under agreements to resell | 774 |  |  | 527 |  |  | 728 |  |  | 631 |  |  | 1,008 |  |  | 247 |  |  | 47 |  |  |  | (233) |  |  | (23) |  |
Total interest earning assets | 76,963 |  |  | 75,893 |  |  | 75,326 |  |  | 75,838 |  |  | 76,311 |  |  | 1,070 |  |  | 1 |  |  |  | 652 |  |  | 1 |  |
Cash and due from banks | 912 |  |  | 988 |  |  | 915 |  |  | 906 |  |  | 1,028 |  |  | (76) |  |  | (8) |  |  |  | (116) |  |  | (11) |  |
Goodwill and other intangible assets, net | 1,624 |  |  | 1,633 |  |  | 1,643 |  |  | 1,653 |  |  | 1,663 |  |  | (9) |  |  | (1) |  |  |  | (39) |  |  | (2) |  |
Premises and equipment, net | 553 |  |  | 561 |  |  | 569 |  |  | 574 |  |  | 572 |  |  | (8) |  |  | (1) |  |  |  | (18) |  |  | (3) |  |
Allowance for loan and lease losses | (777) |  |  | (814) |  |  | (822) |  |  | (815) |  |  | (823) |  |  | 37 |  |  | 5 |  |  |  | 46 |  |  | 6 |  |
Other assets | 3,916 |  |  | 3,823 |  |  | 3,861 |  |  | 3,996 |  |  | 3,883 |  |  | 94 |  |  | 2 |  |  |  | 33 |  |  | 1 |  |
Total assets | $ | 83,192 |  |  | $ | 82,084 |  |  | $ | 81,491 |  |  | $ | 82,152 |  |  | $ | 82,635 |  |  | $ | 1,109 |  |  | 1 | % |  |  | $ | 558 |  |  | 1 | % |
Liabilities and Shareholders' Equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Savings | $ | 26,365 |  |  | $ | 25,939 |  |  | $ | 26,242 |  |  | $ | 26,695 |  |  | $ | 26,634 |  |  | $ | 426 |  |  | 2 | % |  |  | $ | (269) |  |  | (1) | % |
Time deposits | 6,201 |  |  | 7,270 |  |  | 5,918 |  |  | 6,613 |  |  | 8,326 |  |  | (1,069) |  |  | (15) |  |  |  | (2,125) |  |  | (26) |  |
Other interest-bearing deposits | 16,936 |  |  | 16,477 |  |  | 16,213 |  |  | 16,252 |  |  | 15,403 |  |  | 460 |  |  | 3 |  |  |  | 1,533 |  |  | 10 |  |
Total interest-bearing deposits | 49,502 |  |  | 49,685 |  |  | 48,373 |  |  | 49,560 |  |  | 50,363 |  |  | (183) |  |  | — |  |  |  | (861) |  |  | (2) |  |
Trading liabilities | 662 |  |  | 469 |  |  | 670 |  |  | 550 |  |  | 767 |  |  | 192 |  |  | 41 |  |  |  | (106) |  |  | (14) |  |
Federal funds purchased and securities sold under agreements to repurchase | 2,675 |  |  | 3,201 |  |  | 2,572 |  |  | 2,355 |  |  | 1,910 |  |  | (525) |  |  | (16) |  |  |  | 765 |  |  | 40 |  |
Short-term borrowings | 1,596 |  |  | 260 |  |  | 1,223 |  |  | 1,045 |  |  | 675 |  |  | 1,336 |  |  | NM |  |  | 921 |  |  | 137 |  |
Term borrowings | 1,328 |  |  | 1,342 |  |  | 1,691 |  |  | 1,195 |  |  | 1,202 |  |  | (14) |  |  | (1) |  |  |  | 126 |  |  | 10 |  |
Total interest-bearing liabilities | 55,763 |  |  | 54,957 |  |  | 54,529 |  |  | 54,705 |  |  | 54,918 |  |  | 806 |  |  | 1 |  |  |  | 845 |  |  | 2 |  |
Noninterest-bearing deposits | 16,023 |  |  | 15,892 |  |  | 15,835 |  |  | 16,021 |  |  | 16,212 |  |  | 131 |  |  | 1 |  |  |  | (189) |  |  | (1) |  |
Other liabilities | 2,163 |  |  | 1,978 |  |  | 2,084 |  |  | 2,315 |  |  | 2,189 |  |  | 185 |  |  | 9 |  |  |  | (26) |  |  | (1) |  |
Total liabilities | 73,948 |  |  | 72,826 |  |  | 72,447 |  |  | 73,041 |  |  | 73,318 |  |  | 1,122 |  |  | 2 |  |  |  | 630 |  |  | 1 |  |
Shareholders' Equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock | 349 |  |  | 426 |  |  | 426 |  |  | 426 |  |  | 426 |  |  | (77) |  |  | (18) |  |  |  | (77) |  |  | (18) |  |
Common stock | 313 |  |  | 318 |  |  | 317 |  |  | 328 |  |  | 333 |  |  | (5) |  |  | (2) |  |  |  | (20) |  |  | (6) |  |
Capital surplus | 4,288 |  |  | 4,459 |  |  | 4,472 |  |  | 4,809 |  |  | 4,947 |  |  | (171) |  |  | (4) |  |  |  | (659) |  |  | (13) |  |
Retained earnings | 4,848 |  |  | 4,671 |  |  | 4,516 |  |  | 4,382 |  |  | 4,304 |  |  | 177 |  |  | 4 |  |  |  | 544 |  |  | 13 |  |
Accumulated other comprehensive loss, net | (849) |  |  | (912) |  |  | (983) |  |  | (1,128) |  |  | (989) |  |  | 63 |  |  | 7 |  |  |  | 140 |  |  | 14 |  |
Combined shareholders' equity | 8,949 |  |  | 8,962 |  |  | 8,749 |  |  | 8,816 |  |  | 9,021 |  |  | (13) |  |  | — |  |  |  | (72) |  |  | (1) |  |
Noncontrolling interest | 295 |  |  | 295 |  |  | 295 |  |  | 295 |  |  | 295 |  |  | — |  |  | — |  |  |  | — |  |  | — |  |
Total shareholders' equity | 9,244 |  |  | 9,257 |  |  | 9,044 |  |  | 9,111 |  |  | 9,316 |  |  | (13) |  |  | — |  |  |  | (72) |  |  | (1) |  |
Total liabilities and shareholders' equity | $ | 83,192 |  |  | $ | 82,084 |  |  | $ | 81,491 |  |  | $ | 82,152 |  |  | $ | 82,635 |  |  | $ | 1,109 |  |  | 1 | % |  |  | $ | 558 |  |  | 1 | % |
Memo: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total deposits | $ | 65,525 |  |  | $ | 65,576 |  |  | $ | 64,208 |  |  | $ | 65,581 |  |  | $ | 66,575 |  |  | $ | (52) |  |  | — | % |  |  | $ | (1,050) |  |  | (2) | % |
Loans to mortgage companies | $ | 3,926 |  |  | $ | 4,058 |  |  | $ | 3,369 |  |  | $ | 3,471 |  |  | $ | 3,244 |  |  | $ | (132) |  |  | (3) | % |  |  | $ | 682 |  |  | 21 | % |
Unfunded Loan Commitments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 18,485 |  |  | $ | 17,784 |  |  | $ | 17,974 |  |  | $ | 17,863 |  |  | $ | 18,180 |  |  | $ | 702 |  |  | 4 | % |  |  | $ | 305 |  |  | 2 | % |
Consumer | $ | 4,036 |  |  | $ | 4,153 |  |  | $ | 4,190 |  |  | $ | 4,203 |  |  | $ | 4,281 |  |  | $ | (117) |  |  | (3) | % |  |  | $ | (245) |  |  | (6) | % |

Numbers may not total due to rounding. See footnote disclosures on page 19 and glossary of terms on page 25.
10

CONSOLIDATED AVERAGE BALANCE SHEET
Quarterly, Unaudited

|  |  |  |  |  |  |  |  |  |  | 3Q25 Change vs. |  |  |  |  |  |
(In millions) | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 |  | 3Q24 |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  | $ |  | % |  | $ |  | % |  |  |  |  |  |  |  |
Loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) | $ | 34,011 |  |  | $ | 33,634 |  |  | $ | 32,632 |  |  | $ | 33,107 |  |  | $ | 33,074 |  |  | $ | 377 |  |  | 1 | % |  | $ | 938 |  |  | 3 | % |  |  |  |  |  |  |  |
Commercial real estate | 13,772 |  |  | 14,070 |  |  | 14,318 |  |  | 14,601 |  |  | 14,684 |  |  | (298) |  |  | (2) |  |  | (912) |  |  | (6) |  |  |  |  |  |  |  |  |
Total Commercial | 47,784 |  |  | 47,704 |  |  | 46,951 |  |  | 47,709 |  |  | 47,758 |  |  | 79 |  |  | — |  |  | 26 |  |  | — |  |  |  |  |  |  |  |  |
Consumer real estate | 14,409 |  |  | 14,224 |  |  | 14,046 |  |  | 14,008 |  |  | 13,935 |  |  | 185 |  |  | 1 |  |  | 474 |  |  | 3 |  |  |  |  |  |  |  |  |
Credit card and other 5 | 594 |  |  | 623 |  |  | 649 |  |  | 701 |  |  | 720 |  |  | (28) |  |  | (5) |  |  | (125) |  |  | (17) |  |  |  |  |  |  |  |  |
Total Consumer | 15,004 |  |  | 14,847 |  |  | 14,694 |  |  | 14,709 |  |  | 14,654 |  |  | 157 |  |  | 1 |  |  | 349 |  |  | 2 |  |  |  |  |  |  |  |  |
Loans and leases, net of unearned income | 62,787 |  |  | 62,551 |  |  | 61,645 |  |  | 62,418 |  |  | 62,413 |  |  | 236 |  |  | — |  |  | 375 |  |  | 1 |  |  |  |  |  |  |  |  |
Loans held-for-sale | 454 |  |  | 501 |  |  | 519 |  |  | 482 |  |  | 491 |  |  | (47) |  |  | (9) |  |  | (37) |  |  | (7) |  |  |  |  |  |  |  |  |
Investment securities | 9,321 |  |  | 9,330 |  |  | 9,209 |  |  | 9,295 |  |  | 9,400 |  |  | (10) |  |  | — |  |  | (80) |  |  | (1) |  |  |  |  |  |  |  |  |
Trading securities | 1,625 |  |  | 1,609 |  |  | 1,442 |  |  | 1,515 |  |  | 1,469 |  |  | 16 |  |  | 1 |  |  | 156 |  |  | 11 |  |  |  |  |  |  |  |  |
Interest-bearing deposits with banks | 1,272 |  |  | 1,259 |  |  | 1,265 |  |  | 1,438 |  |  | 1,741 |  |  | 12 |  |  | 1 |  |  | (470) |  |  | (27) |  |  |  |  |  |  |  |  |
Federal funds sold and securities purchased under agreements to resell | 573 |  |  | 636 |  |  | 713 |  |  | 594 |  |  | 607 |  |  | (63) |  |  | (10) |  |  | (33) |  |  | (5) |  |  |  |  |  |  |  |  |
Total interest earning assets | 76,032 |  |  | 75,887 |  |  | 74,793 |  |  | 75,742 |  |  | 76,121 |  |  | 145 |  |  | — |  |  | (89) |  |  | — |  |  |  |  |  |  |  |  |
Cash and due from banks | 860 |  |  | 864 |  |  | 886 |  |  | 911 |  |  | 905 |  |  | (4) |  |  | — |  |  | (44) |  |  | (5) |  |  |  |  |  |  |  |  |
Goodwill and other intangible assets, net | 1,628 |  |  | 1,638 |  |  | 1,648 |  |  | 1,658 |  |  | 1,669 |  |  | (9) |  |  | (1) |  |  | (40) |  |  | (2) |  |  |  |  |  |  |  |  |
Premises and equipment, net | 556 |  |  | 565 |  |  | 570 |  |  | 571 |  |  | 578 |  |  | (9) |  |  | (2) |  |  | (21) |  |  | (4) |  |  |  |  |  |  |  |  |
Allowances for loan and lease losses | (809) |  |  | (828) |  |  | (827) |  |  | (821) |  |  | (827) |  |  | 18 |  |  | 2 |  |  | 18 |  |  | 2 |  |  |  |  |  |  |  |  |
Other assets | 3,781 |  |  | 3,831 |  |  | 3,896 |  |  | 3,889 |  |  | 3,921 |  |  | (50) |  |  | (1) |  |  | (140) |  |  | (4) |  |  |  |  |  |  |  |  |
Total assets | $ | 82,049 |  |  | $ | 81,958 |  |  | $ | 80,965 |  |  | $ | 81,950 |  |  | $ | 82,366 |  |  | $ | 91 |  |  | — | % |  | $ | (318) |  |  | — | % |  |  |  |  |  |  |  |
Liabilities and shareholders' equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Savings | $ | 26,326 |  |  | $ | 25,899 |  |  | $ | 26,544 |  |  | $ | 26,836 |  |  | $ | 26,062 |  |  | $ | 427 |  |  | 2 | % |  | $ | 263 |  |  | 1 | % |  |  |  |  |  |  |  |
Time deposits | 6,871 |  |  | 6,630 |  |  | 6,329 |  |  | 7,407 |  |  | 8,167 |  |  | 241 |  |  | 4 |  |  | (1,296) |  |  | (16) |  |  |  |  |  |  |  |  |
Other interest-bearing deposits | 16,866 |  |  | 16,362 |  |  | 16,096 |  |  | 15,726 |  |  | 15,923 |  |  | 503 |  |  | 3 |  |  | 942 |  |  | 6 |  |  |  |  |  |  |  |  |
Total interest-bearing deposits | 50,063 |  |  | 48,891 |  |  | 48,970 |  |  | 49,969 |  |  | 50,153 |  |  | 1,171 |  |  | 2 |  |  | (90) |  |  | — |  |  |  |  |  |  |  |  |
Trading liabilities | 549 |  |  | 613 |  |  | 692 |  |  | 578 |  |  | 576 |  |  | (64) |  |  | (10) |  |  | (27) |  |  | (5) |  |  |  |  |  |  |  |  |
Federal funds purchased and securities sold under agreements to repurchase | 2,631 |  |  | 2,692 |  |  | 2,479 |  |  | 2,205 |  |  | 2,132 |  |  | (60) |  |  | (2) |  |  | 500 |  |  | 23 |  |  |  |  |  |  |  |  |
Short-term borrowings | 387 |  |  | 1,208 |  |  | 681 |  |  | 441 |  |  | 884 |  |  | (821) |  |  | (68) |  |  | (497) |  |  | (56) |  |  |  |  |  |  |  |  |
Term borrowings | 1,335 |  |  | 1,556 |  |  | 1,332 |  |  | 1,206 |  |  | 1,188 |  |  | (221) |  |  | (14) |  |  | 148 |  |  | 12 |  |  |  |  |  |  |  |  |
Total interest-bearing liabilities | 54,965 |  |  | 54,960 |  |  | 54,154 |  |  | 54,398 |  |  | 54,931 |  |  | 5 |  |  | — |  |  | 34 |  |  | — |  |  |  |  |  |  |  |  |
Noninterest-bearing deposits | 15,862 |  |  | 15,851 |  |  | 15,535 |  |  | 16,123 |  |  | 16,111 |  |  | 10 |  |  | — |  |  | (249) |  |  | (2) |  |  |  |  |  |  |  |  |
Other liabilities | 1,999 |  |  | 2,050 |  |  | 2,165 |  |  | 2,213 |  |  | 2,196 |  |  | (51) |  |  | (2) |  |  | (198) |  |  | (9) |  |  |  |  |  |  |  |  |
Total liabilities | 72,825 |  |  | 72,861 |  |  | 71,854 |  |  | 72,735 |  |  | 73,238 |  |  | (36) |  |  | — |  |  | (413) |  |  | (1) |  |  |  |  |  |  |  |  |
Shareholders' Equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock | 350 |  |  | 426 |  |  | 426 |  |  | 426 |  |  | 426 |  |  | (77) |  |  | (18) |  |  | (77) |  |  | (18) |  |  |  |  |  |  |  |  |
Common stock | 316 |  |  | 318 |  |  | 323 |  |  | 330 |  |  | 334 |  |  | (2) |  |  | (1) |  |  | (18) |  |  | (6) |  |  |  |  |  |  |  |  |
Capital surplus | 4,379 |  |  | 4,464 |  |  | 4,664 |  |  | 4,881 |  |  | 4,973 |  |  | (85) |  |  | (2) |  |  | (594) |  |  | (12) |  |  |  |  |  |  |  |  |
Retained earnings | 4,798 |  |  | 4,562 |  |  | 4,468 |  |  | 4,382 |  |  | 4,254 |  |  | 236 |  |  | 5 |  |  | 544 |  |  | 13 |  |  |  |  |  |  |  |  |
Accumulated other comprehensive loss, net | (913) |  |  | (967) |  |  | (1,066) |  |  | (1,099) |  |  | (1,154) |  |  | 54 |  |  | 6 |  |  | 240 |  |  | 21 |  |  |  |  |  |  |  |  |
Combined shareholders' equity | 8,928 |  |  | 8,802 |  |  | 8,816 |  |  | 8,920 |  |  | 8,833 |  |  | 126 |  |  | 1 |  |  | 95 |  |  | 1 |  |  |  |  |  |  |  |  |
Noncontrolling interest | 295 |  |  | 295 |  |  | 295 |  |  | 295 |  |  | 295 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Total shareholders' equity | 9,224 |  |  | 9,097 |  |  | 9,111 |  |  | 9,216 |  |  | 9,128 |  |  | 126 |  |  | 1 |  |  | 95 |  |  | 1 |  |  |  |  |  |  |  |  |
Total liabilities and shareholders' equity | $ | 82,049 |  |  | $ | 81,958 |  |  | $ | 80,965 |  |  | $ | 81,950 |  |  | $ | 82,366 |  |  | $ | 91 |  |  | — | % |  | $ | (318) |  |  | — | % |  |  |  |  |  |  |  |
Memo: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total deposits | $ | 65,924 |  |  | $ | 64,742 |  |  | $ | 64,504 |  |  | $ | 66,092 |  |  | $ | 66,263 |  |  | $ | 1,182 |  |  | 2 | % |  | $ | (339) |  |  | (1) | % |  |  |  |  |  |  |  |
Loans to mortgage companies | $ | 3,628 |  |  | $ | 3,533 |  |  | $ | 2,819 |  |  | $ | 3,283 |  |  | $ | 2,875 |  |  | $ | 96 |  |  | 3 | % |  | $ | 754 |  |  | 26 | % |  |  |  |  |  |  |  |

Numbers may not total due to rounding.
See footnote disclosures on page 19 and glossary of terms on page 25.
11

CONSOLIDATED NET INTEREST INCOME AND AVERAGE BALANCE SHEET: YIELDS AND RATES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quarterly, Unaudited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3Q25 Change vs. |  |  |  |  |  |  |  |
| 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 |  | 3Q24 |  |  |  |  |  |  |  |
(In millions, except rates) | Income/Expense | Rate |  | Income/Expense | Rate |  | Income/Expense | Rate |  | Income/Expense | Rate |  | Income/Expense | Rate |  | Income/Expense |  | Income/Expense |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $/bp | % |  | $/bp | % |  |  |  |  |  |  |  |  |  |  |
Interest earning assets/Interest income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and leases, net of unearned income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 767 |  | 6.37 | % |  | $ | 738 |  | 6.21 | % |  | $ | 715 |  | 6.18 | % |  | $ | 771 |  | 6.43 | % |  | $ | 813 |  | 6.78 | % |  | $ | 29 |  | 4 | % |  | $ | (46) |  | (6) | % |  |  |  |  |  |  |  |  |  |  |
Consumer | 191 |  | 5.07 |  |  | 186 |  | 4.99 |  |  | 182 |  | 4.96 |  |  | 183 |  | 4.97 |  |  | 186 |  | 5.05 |  |  | 5 |  | 3 |  |  | 5 |  | 3 |  |  |  |  |  |  |  |  |  |  |  |
Loans and leases, net of unearned income | 957 |  | 6.06 |  |  | 924 |  | 5.92 |  |  | 897 |  | 5.89 |  |  | 954 |  | 6.09 |  |  | 999 |  | 6.37 |  |  | 34 |  | 4 |  |  | (41) |  | (4) |  |  |  |  |  |  |  |  |  |  |  |
Loans held-for-sale | 8 |  | 6.86 |  |  | 8 |  | 6.76 |  |  | 9 |  | 7.09 |  |  | 9 |  | 7.38 |  |  | 10 |  | 7.77 |  |  | (1) |  | (8) |  |  | (2) |  | (18) |  |  |  |  |  |  |  |  |  |  |  |
Investment securities | 72 |  | 3.09 |  |  | 71 |  | 3.06 |  |  | 69 |  | 3.02 |  |  | 62 |  | 2.69 |  |  | 61 |  | 2.58 |  |  | 1 |  | 1 |  |  | 11 |  | 19 |  |  |  |  |  |  |  |  |  |  |  |
Trading securities | 24 |  | 5.81 |  |  | 23 |  | 5.72 |  |  | 20 |  | 5.57 |  |  | 22 |  | 5.74 |  |  | 22 |  | 6.05 |  |  | 1 |  | 2 |  |  | 1 |  | 6 |  |  |  |  |  |  |  |  |  |  |  |
Interest-bearing deposits with banks | 14 |  | 4.41 |  |  | 14 |  | 4.45 |  |  | 14 |  | 4.44 |  |  | 17 |  | 4.77 |  |  | 24 |  | 5.40 |  |  | — |  | 1 |  |  | (10) |  | (40) |  |  |  |  |  |  |  |  |  |  |  |
Federal funds sold and securities purchased under agreements | 6 |  | 4.20 |  |  | 7 |  | 4.24 |  |  | 7 |  | 4.24 |  |  | 7 |  | 4.46 |  |  | 8 |  | 5.23 |  |  | (1) |  | (10) |  |  | (2) |  | (24) |  |  |  |  |  |  |  |  |  |  |  |
Interest income | $ | 1,081 |  | 5.65 | % |  | $ | 1,047 |  | 5.53 | % |  | $ | 1,017 |  | 5.50 | % |  | $ | 1,071 |  | 5.63 | % |  | $ | 1,123 |  | 5.88 | % |  | $ | 34 |  | 3 | % |  | $ | (42) |  | (4) | % |  |  |  |  |  |  |  |  |  |  |
Interest bearing liabilities/Interest expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest-bearing deposits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Savings | $ | 184 |  | 2.78 | % |  | $ | 177 |  | 2.73 | % |  | $ | 175 |  | 2.67 | % |  | $ | 210 |  | 3.11 | % |  | $ | 225 |  | 3.43 | % |  | $ | 8 |  | 4 | % |  | $ | (41) |  | (18) | % |  |  |  |  |  |  |  |  |  |  |
Time deposits | 64 |  | 3.71 |  |  | 64 |  | 3.88 |  |  | 62 |  | 4.00 |  |  | 81 |  | 4.35 |  |  | 95 |  | 4.63 |  |  | — |  | — |  |  | (31) |  | (32) |  |  |  |  |  |  |  |  |  |  |  |
Other interest-bearing deposits | 102 |  | 2.41 |  |  | 96 |  | 2.36 |  |  | 92 |  | 2.31 |  |  | 99 |  | 2.49 |  |  | 114 |  | 2.85 |  |  | 6 |  | 6 |  |  | (12) |  | (10) |  |  |  |  |  |  |  |  |  |  |  |
Total interest-bearing deposits | 351 |  | 2.78 |  |  | 337 |  | 2.76 |  |  | 329 |  | 2.72 |  |  | 389 |  | 3.10 |  |  | 434 |  | 3.44 |  |  | 14 |  | 4 |  |  | (83) |  | (19) |  |  |  |  |  |  |  |  |  |  |  |
Trading liabilities | 5 |  | 3.93 |  |  | 6 |  | 4.07 |  |  | 7 |  | 4.29 |  |  | 6 |  | 4.01 |  |  | 6 |  | 4.13 |  |  | (1) |  | (13) |  |  | (1) |  | (9) |  |  |  |  |  |  |  |  |  |  |  |
Federal funds purchased and securities sold under agreements to repurchase | 23 |  | 3.52 |  |  | 24 |  | 3.61 |  |  | 21 |  | 3.47 |  |  | 21 |  | 3.72 |  |  | 23 |  | 4.20 |  |  | (1) |  | (3) |  |  | 1 |  | 4 |  |  |  |  |  |  |  |  |  |  |  |
Short-term borrowings | 4 |  | 4.39 |  |  | 13 |  | 4.47 |  |  | 7 |  | 4.40 |  |  | 5 |  | 4.75 |  |  | 12 |  | 5.52 |  |  | (9) |  | (68) |  |  | (8) |  | (65) |  |  |  |  |  |  |  |  |  |  |  |
Term borrowings | 19 |  | 5.82 |  |  | 22 |  | 5.60 |  |  | 18 |  | 5.41 |  |  | 17 |  | 5.52 |  |  | 17 |  | 5.64 |  |  | (2) |  | (11) |  |  | 3 |  | 16 |  |  |  |  |  |  |  |  |  |  |  |
Interest expense | 403 |  | 2.91 |  |  | 403 |  | 2.94 |  |  | 383 |  | 2.87 |  |  | 438 |  | 3.20 |  |  | 491 |  | 3.56 |  |  | 1 |  | — |  |  | (88) |  | (18) |  |  |  |  |  |  |  |  |  |  |  |
Net interest income - tax equivalent basis | 678 |  | 2.74 |  |  | 645 |  | 2.59 |  |  | 634 |  | 2.63 |  |  | 634 |  | 2.43 |  |  | 631 |  | 2.32 |  |  | 33 |  | 5 |  |  | 46 |  | 7 |  |  |  |  |  |  |  |  |  |  |  |
Fully taxable equivalent adjustment | (3) |  | 0.81 |  |  | (4) |  | 0.81 |  |  | (3) |  | 0.79 |  |  | (4) |  | 0.90 |  |  | (4) |  | 0.99 |  |  | — |  | 4 |  |  | — |  | 9 |  |  |  |  |  |  |  |  |  |  |  |
Net interest income | $ | 674 |  | 3.55 | % |  | $ | 641 |  | 3.40 | % |  | $ | 631 |  | 3.42 | % |  | $ | 630 |  | 3.33 | % |  | $ | 627 |  | 3.31 | % |  | $ | 33 |  | 5 | % |  | $ | 47 |  | 7 | % |  |  |  |  |  |  |  |  |  |  |
Memo: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total loan yield |  | 6.06 | % |  |  | 5.92 | % |  |  | 5.89 | % |  |  | 6.09 | % |  |  | 6.37 | % |  | 14 | bp |  |  | (31) | bp |  |  |  |  |  |  |  |  |  |  |  |
Total deposit cost |  | 2.11 | % |  |  | 2.09 | % |  |  | 2.07 | % |  |  | 2.34 | % |  |  | 2.61 | % |  | 2 | bp |  |  | (50) | bp |  |  |  |  |  |  |  |  |  |  |  |
Total funding cost |  | 2.26 | % |  |  | 2.28 | % |  |  | 2.23 | % |  |  | 2.47 | % |  |  | 2.75 | % |  | (2) | bp |  |  | (49) | bp |  |  |  |  |  |  |  |  |  |  |  |
Average loans and leases, net of unearned income | $ | 62,787 |  |  |  | $ | 62,551 |  |  |  | $ | 61,645 |  |  |  | $ | 62,418 |  |  |  | $ | 62,413 |  |  |  | $ | 236 |  | — | % |  | $ | 375 |  | 1 | % |  |  |  |  |  |  |  |  |  |  |
Average deposits | 65,924 |  |  | 64,742 |  |  | 64,504 |  |  | 66,092 |  |  | 66,263 |  |  | 1,182 |  | 2 | % |  | (339) |  | (1) | % |  |  |  |  |  |  |  |  |  |  |
Average funded liabilities | 70,827 |  |  | 70,811 |  |  | 69,689 |  |  | 70,521 |  |  | 71,042 |  |  | $ | 15 |  | — | % |  | $ | (215) |  | — | % |  |  |  |  |  |  |  |  |  |  |

Net interest income and yields are adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes.
Earning assets yields are expressed net of unearned income.
Loan yields include loan fees, cash basis interest income, and loans on nonaccrual status.
Numbers may not total due to rounding.
See footnote disclosures on page 19 and glossary of terms on page 25.
12

CONSOLIDATED NONPERFORMING LOANS AND LEASES ("NPL") |
Quarterly, Unaudited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of |  | 3Q25 change vs. |
(In millions, except ratio data) |  | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 |  | 3Q24 |
|  |  |  |  |  |  |  |  |  |  |  | $ |  | % |  | $ |  | % |
Nonperforming loans and leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) |  | $ | 211 |  |  | $ | 224 |  |  | $ | 195 |  |  | $ | 173 |  |  | $ | 190 |  |  | $ | (14) |  |  | (6) | % |  | $ | 21 |  |  | 11 | % |
Commercial real estate |  | 254 |  |  | 236 |  |  | 284 |  |  | 294 |  |  | 259 |  |  | 18 |  |  | 8 |  |  | (4) |  |  | (2) |  |
Consumer real estate |  | 139 |  |  | 131 |  |  | 129 |  |  | 133 |  |  | 128 |  |  | 8 |  |  | 6 |  |  | 11 |  |  | 8 |  |
Credit card and other 5 |  | 1 |  |  | 1 |  |  | 1 |  |  | 2 |  |  | 1 |  |  | — |  |  | 15 |  |  | — |  |  | 3 |  |
Total nonperforming loans and leases |  | $ | 605 |  |  | $ | 593 |  |  | $ | 609 |  |  | $ | 602 |  |  | $ | 578 |  |  | $ | 13 |  |  | 2 | % |  | $ | 28 |  |  | 5 | % |
Asset Quality Ratio |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonperforming loans and leases to loans and leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) |  | 0.61 | % |  | 0.65 | % |  | 0.58 | % |  | 0.52 | % |  | 0.57 | % |  |  |  |  |  |  |  |  |
Commercial real estate |  | 1.86 |  |  | 1.70 |  |  | 2.01 |  |  | 2.04 |  |  | 1.76 |  |  |  |  |  |  |  |  |  |
Consumer real estate |  | 0.96 |  |  | 0.91 |  |  | 0.92 |  |  | 0.95 |  |  | 0.92 |  |  |  |  |  |  |  |  |  |
Credit card and other 5 |  | 0.25 |  |  | 0.21 |  |  | 0.19 |  |  | 0.23 |  |  | 0.20 |  |  |  |  |  |  |  |  |  |
Total nonperforming loans and leases to loans and leases |  | 0.96 | % |  | 0.94 | % |  | 0.98 | % |  | 0.96 | % |  | 0.92 | % |  |  |  |  |  |  |  |  |

Numbers may not total due to rounding.
See footnote disclosures on page 19 and glossary of terms on page 25.

CONSOLIDATED LOANS AND LEASES 90 DAYS OR MORE PAST DUE AND ACCRUING |
Quarterly, Unaudited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of |  | 3Q25 change vs. |
(In millions) |  | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 |  | 3Q24 |
|  |  |  |  |  |  |  |  |  |  |  | $ |  | % |  | $ |  | % |
Loans and leases 90 days or more past due and accruing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  | 2 | % |  | $ | — |  |  | 16 | % |
Commercial real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | NM |  | — |  |  | NM |
Consumer real estate |  | 6 |  |  | 6 |  |  | 7 |  |  | 19 |  |  | 13 |  |  | — |  |  | (5) |  |  | (7) |  |  | (55) |  |
Credit card and other 5 |  | 2 |  |  | 1 |  |  | — |  |  | 1 |  |  | 3 |  |  | — |  |  | 38 |  |  | (1) |  |  | (36) |  |
Total loans and leases 90 days or more past due and accruing |  | $ | 9 |  |  | $ | 8 |  |  | $ | 8 |  |  | $ | 21 |  |  | $ | 17 |  |  | $ | — |  |  | 5 | % |  | $ | (8) |  |  | (49) | % |

Numbers may not total due to rounding.
See footnote disclosures on page 19 and glossary of terms on page 25.
13

CONSOLIDATED NET CHARGE-OFFS (RECOVERIES)
Quarterly, Unaudited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of |  | 3Q25 change vs. |
(In millions, except ratio data) |  | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 |  | 3Q24 |
Charge-off, Recoveries and Related Ratios |  |  |  |  |  |  |  |  |  |  |  | $ |  | % |  | $ |  | % |
Gross Charge-offs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) |  | $ | 25 |  |  | $ | 28 |  |  | $ | 34 |  |  | $ | 13 |  |  | $ | 12 |  |  | $ | (3) |  |  | (10) | % |  | $ | 12 |  |  | 99 | % |
Commercial real estate |  | 3 |  |  | 8 |  |  | 3 |  |  | 9 |  |  | 15 |  |  | (4) |  |  | (56) |  |  | (12) |  |  | (78) |  |
Consumer real estate |  | 1 |  |  | 2 |  |  | — |  |  | 1 |  |  | 1 |  |  | (1) |  |  | (51) |  |  | — |  |  | 38 |  |
Credit card and other 5 |  | 6 |  |  | 6 |  |  | 4 |  |  | 6 |  |  | 5 |  |  | 1 |  |  | 11 |  |  | 2 |  |  | 32 |  |
Total gross charge-offs |  | $ | 36 |  |  | $ | 43 |  |  | $ | 41 |  |  | $ | 29 |  |  | $ | 33 |  |  | $ | (7) |  |  | (17) | % |  | $ | 2 |  |  | 7 | % |
Gross Recoveries |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) |  | $ | (6) |  |  | $ | (6) |  |  | $ | (6) |  |  | $ | (12) |  |  | $ | (4) |  |  | $ | — |  |  | (5) | % |  | $ | (2) |  |  | (43) | % |
Commercial real estate |  | — |  |  | — |  |  | (3) |  |  | — |  |  | (1) |  |  | — |  |  | NM |  | 1 |  |  | 75 |  |
Consumer real estate |  | (1) |  |  | (2) |  |  | (1) |  |  | (2) |  |  | (3) |  |  | — |  |  | 5 |  |  | 1 |  |  | 41 |  |
Credit card and other 5 |  | (1) |  |  | (2) |  |  | (1) |  |  | (1) |  |  | (1) |  |  | 1 |  |  | 35 |  |  | — |  |  | 22 |  |
Total gross recoveries |  | $ | (9) |  |  | $ | (9) |  |  | $ | (12) |  |  | $ | (15) |  |  | $ | (9) |  |  | $ | — |  |  | — | % |  | $ | — |  |  | — | % |
Net Charge-offs (Recoveries) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) |  | $ | 19 |  |  | $ | 22 |  |  | $ | 28 |  |  | $ | 1 |  |  | $ | 8 |  |  | $ | (3) |  |  | (14) | % |  | $ | 10 |  |  | NM |
Commercial real estate |  | 3 |  |  | 8 |  |  | (1) |  |  | 9 |  |  | 14 |  |  | (5) |  |  | (59) |  |  | (11) |  |  | (78) |  |
Consumer real estate |  | (1) |  |  | — |  |  | (1) |  |  | (2) |  |  | (2) |  |  | (1) |  |  | NM |  | 1 |  |  | 67 |  |
Credit card and other 5 |  | 5 |  |  | 4 |  |  | 3 |  |  | 5 |  |  | 3 |  |  | 1 |  |  | 29 |  |  | 2 |  |  | 53 |  |
Total net charge-offs |  | $ | 26 |  |  | $ | 34 |  |  | $ | 29 |  |  | $ | 13 |  |  | $ | 24 |  |  | $ | (7) |  |  | (22) | % |  | $ | 2 |  |  | 10 | % |
Annualized Net Charge-off (Recovery) Rates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) |  | 0.22 | % |  | 0.26 | % |  | 0.35 | % |  | 0.01 | % |  | 0.10 | % |  |  |  |  |  |  |  |  |
Commercial real estate |  | 0.09 |  |  | 0.22 |  |  | (0.02) |  |  | 0.25 |  |  | 0.39 |  |  |  |  |  |  |  |  |  |
Consumer real estate |  | (0.02) |  |  | — |  |  | (0.02) |  |  | (0.05) |  |  | (0.05) |  |  |  |  |  |  |  |  |  |
Credit card and other 5 |  | 3.54 |  |  | 2.64 |  |  | 1.60 |  |  | 2.78 |  |  | 1.92 |  |  |  |  |  |  |  |  |  |
Total loans and leases |  | 0.17 | % |  | 0.22 | % |  | 0.19 | % |  | 0.08 | % |  | 0.15 | % |  |  |  |  |  |  |  |  |

Numbers may not total due to rounding.
See footnote disclosures on page 19 and glossary of terms on page 25.
14

CONSOLIDATED ALLOWANCE FOR LOAN AND LEASE LOSSES AND RESERVE FOR UNFUNDED COMMITMENTS |
Quarterly, Unaudited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of |  | 3Q25 Change vs. |
(In millions) |  | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 |  | 3Q24 |
Summary of Changes in the Components of the Allowance For Credit Losses |  |  |  |  |  |  |  |  |  |  |  | $ |  | % |  | $ |  | % |
Allowance for loan and lease losses - beginning |  | $ | 814 |  |  | $ | 822 |  |  | $ | 815 |  |  | $ | 823 |  |  | $ | 821 |  |  | $ | (8) |  |  | (1) | % |  | $ | (7) |  |  | (1) | % |
Charge-offs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) |  | (25) |  |  | (28) |  |  | (34) |  |  | (13) |  |  | (12) |  |  | 3 |  |  | 10 |  |  | (12) |  |  | (99) |  |
Commercial real estate |  | (3) |  |  | (8) |  |  | (3) |  |  | (9) |  |  | (15) |  |  | 4 |  |  | 56 |  |  | 12 |  |  | 78 |  |
Consumer real estate |  | (1) |  |  | (2) |  |  | — |  |  | (1) |  |  | (1) |  |  | 1 |  |  | 51 |  |  | — |  |  | (38) |  |
Credit card and other 5 |  | (6) |  |  | (6) |  |  | (4) |  |  | (6) |  |  | (5) |  |  | (1) |  |  | (11) |  |  | (2) |  |  | (32) |  |
Total charge-offs |  | (36) |  |  | (43) |  |  | (41) |  |  | (29) |  |  | (33) |  |  | 7 |  |  | 17 |  |  | (2) |  |  | (7) |  |
Recoveries: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) |  | 6 |  |  | 6 |  |  | 6 |  |  | 12 |  |  | 4 |  |  | — |  |  | 5 |  |  | 2 |  |  | 43 |  |
Commercial real estate |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 1 |  |  | — |  |  | NM |  | (1) |  |  | (75) |  |
Consumer real estate |  | 1 |  |  | 2 |  |  | 1 |  |  | 2 |  |  | 3 |  |  | — |  |  | (5) |  |  | (1) |  |  | (41) |  |
Credit card and other 5 |  | 1 |  |  | 2 |  |  | 1 |  |  | 1 |  |  | 1 |  |  | (1) |  |  | (35) |  |  | — |  |  | (22) |  |
Total Recoveries |  | 9 |  |  | 9 |  |  | 12 |  |  | 15 |  |  | 9 |  |  | — |  |  | — |  |  | — |  |  | — |  |
Provision for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) |  | 5 |  |  | 23 |  |  | 28 |  |  | (5) |  |  | 15 |  |  | (18) |  |  | (77) |  |  | (10) |  |  | (66) |  |
Commercial real estate |  | (5) |  |  | (5) |  |  | (2) |  |  | 18 |  |  | 11 |  |  | (1) |  |  | (12) |  |  | (16) |  |  | NM |
Consumer real estate |  | (15) |  |  | 4 |  |  | 8 |  |  | (10) |  |  | (3) |  |  | (19) |  |  | NM |  | (12) |  |  | NM |
Credit card and other 5 |  | 4 |  |  | 3 |  |  | 2 |  |  | 4 |  |  | 2 |  |  | 1 |  |  | 23 |  |  | 2 |  |  | 79 |  |
Total provision for loan and lease losses: |  | (11) |  |  | 26 |  |  | 36 |  |  | 6 |  |  | 26 |  |  | (37) |  |  | NM |  | (37) |  |  | NM |
Allowance for loan and lease losses - ending |  | $ | 777 |  |  | $ | 814 |  |  | $ | 822 |  |  | $ | 815 |  |  | $ | 823 |  |  | $ | (37) |  |  | (5) | % |  | $ | (46) |  |  | (6) | % |
Reserve for unfunded commitments - beginning |  | $ | 87 |  |  | $ | 83 |  |  | $ | 79 |  |  | $ | 75 |  |  | $ | 66 |  |  | $ | 4 |  |  | 5 | % |  | $ | 21 |  |  | 32 | % |
Provision for unfunded commitments |  | 6 |  |  | 4 |  |  | 4 |  |  | 4 |  |  | 9 |  |  | 2 |  |  | 50 |  |  | (3) |  |  | (33) |  |
Reserve for unfunded commitments - ending |  | $ | 93 |  |  | $ | 87 |  |  | $ | 83 |  |  | $ | 79 |  |  | $ | 75 |  |  | $ | 6 |  |  | 7 | % |  | $ | 18 |  |  | 24 | % |
Total allowance for credit losses- ending |  | $ | 870 |  |  | $ | 901 |  |  | $ | 905 |  |  | $ | 894 |  |  | $ | 897 |  |  | $ | (31) |  |  | (3) | % |  | $ | (28) |  |  | (3) | % |

Numbers may not total due to rounding.
See footnote disclosures on page 19 and glossary of terms on page 25.
15

CONSOLIDATED ASSET QUALITY RATIOS - ALLOWANCE FOR LOAN AND LEASE LOSSES |  |  |  |  |  |  |  |  |  |  |
Quarterly, Unaudited |  |  |  |  |  |  |  |  |  |  |
|  | As of |
|  | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |
Allowance for loans and lease losses to loans and leases |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) |  | 0.97 | % |  | 1.01 | % |  | 1.04 | % |  | 1.03 | % |  | 1.06 | % |
Commercial real estate |  | 1.49 | % |  | 1.53 | % |  | 1.59 | % |  | 1.57 | % |  | 1.48 | % |
Consumer real estate |  | 1.52 | % |  | 1.63 | % |  | 1.63 | % |  | 1.57 | % |  | 1.65 | % |
Credit card and other 5 |  | 3.42 | % |  | 3.50 | % |  | 3.41 | % |  | 3.28 | % |  | 3.39 | % |
Total allowance for loans and lease losses to loans and leases |  | 1.23 | % |  | 1.29 | % |  | 1.32 | % |  | 1.30 | % |  | 1.32 | % |
Allowance for loans and lease losses to nonperforming loans and leases |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and industrial (C&I) |  | 158 | % |  | 155 | % |  | 178 | % |  | 199 | % |  | 185 | % |
Commercial real estate |  | 80 | % |  | 90 | % |  | 79 | % |  | 77 | % |  | 84 | % |
Consumer real estate |  | 158 | % |  | 179 | % |  | 178 | % |  | 167 | % |  | 180 | % |
Credit card and other 5 |  | 1,380 | % |  | 1,684 | % |  | 1,752 | % |  | 1,438 | % |  | 1,672 | % |
Total allowance for loans and lease losses to nonperforming loans and leases |  | 128 | % |  | 137 | % |  | 135 | % |  | 136 | % |  | 142 | % |
Allowance for credit losses ratios |  |  |  |  |  |  |  |  |  |  |
Total allowance for credit losses to loans and leases 4 |  | 1.38 | % |  | 1.42 | % |  | 1.45 | % |  | 1.43 | % |  | 1.44 | % |
Total allowance for credit losses to nonperforming loans and leases 4 |  | 144 | % |  | 152 | % |  | 148 | % |  | 149 | % |  | 155 | % |

See footnote disclosures on page 19 and glossary of terms on page 25.
16

COMMERCIAL, CONSUMER, AND WEALTH
Quarterly, Unaudited

|  |  |  |  |  |  |  |  |  |  | 3Q25 Change vs. |  |  |  |
| 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 |  | 3Q24 |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | $/bp |  | % |  | $/bp |  | % |  |  |  |  |  |  |  |
Income Statement (millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income | $ | 660 |  |  | $ | 634 |  |  | $ | 624 |  |  | $ | 635 |  |  | $ | 634 |  |  | $ | 26 |  |  | 4 | % |  | $ | 26 |  |  | 4 | % |  |  |  |  |  |  |  |
Noninterest income | 117 |  |  | 113 |  |  | 110 |  |  | 116 |  |  | 119 |  |  | 3 |  |  | 3 |  |  | (2) |  |  | (2) |  |  |  |  |  |  |  |  |
Total revenue | 777 |  |  | 747 |  |  | 734 |  |  | 751 |  |  | 754 |  |  | 30 |  |  | 4 |  |  | 23 |  |  | 3 |  |  |  |  |  |  |  |  |
Noninterest expense | 365 |  |  | 354 |  |  | 344 |  |  | 361 |  |  | 352 |  |  | 11 |  |  | 3 |  |  | 14 |  |  | 4 |  |  |  |  |  |  |  |  |
Pre-provision net revenue 3 | 411 |  |  | 393 |  |  | 390 |  |  | 390 |  |  | 402 |  |  | 19 |  |  | 5 |  |  | 9 |  |  | 2 |  |  |  |  |  |  |  |  |
Provision for credit losses | 2 |  |  | 13 |  |  | 38 |  |  | 15 |  |  | 42 |  |  | (12) |  |  | (88) |  |  | (41) |  |  | (96) |  |  |  |  |  |  |  |
Income before income tax expense | 410 |  |  | 380 |  |  | 352 |  |  | 375 |  |  | 359 |  |  | 30 |  |  | 8 |  |  | 50 |  |  | 14 |  |  |  |  |  |  |  |  |
Income tax expense | 98 |  |  | 90 |  |  | 84 |  |  | 89 |  |  | 85 |  |  | 8 |  |  | 8 |  |  | 13 |  |  | 15 |  |  |  |  |  |  |  |  |
Net income | $ | 312 |  |  | $ | 289 |  |  | $ | 268 |  |  | $ | 286 |  |  | $ | 274 |  |  | $ | 23 |  |  | 8 | % |  | $ | 38 |  |  | 14 | % |  |  |  |  |  |  |  |
Average Balances (billions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total loans and leases | $ | 56.4 |  |  | $ | 56.3 |  |  | $ | 56.2 |  |  | $ | 56.5 |  |  | $ | 56.9 |  |  | $ | 0.1 |  |  | — | % |  | $ | (0.5) |  |  | (1) | % |  |  |  |  |  |  |  |
Interest-earning assets | 56.4 |  |  | 56.3 |  |  | 56.2 |  |  | 56.5 |  |  | 56.9 |  |  | 0.1 |  |  | — |  |  | (0.5) |  |  | (1) |  |  |  |  |  |  |  |  |
Total assets | 58.8 |  |  | 58.7 |  |  | 58.7 |  |  | 59.1 |  |  | 59.5 |  |  | 0.1 |  |  | — |  |  | (0.7) |  |  | (1) |  |  |  |  |  |  |  |  |
Total deposits | 59.1 |  |  | 58.9 |  |  | 59.1 |  |  | 59.9 |  |  | 59.7 |  |  | 0.3 |  |  | — |  |  | (0.5) |  |  | (1) |  |  |  |  |  |  |  |  |
Key Metrics |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest margin 6 | 4.67 | % |  | 4.53 | % |  | 4.52 | % |  | 4.49 | % |  | 4.46 | % |  | 14 | bp |  |  |  | 21 | bp |  |  |  |  |  |  |  |  |  |
Efficiency ratio | 47.05 | % |  | 47.43 | % |  | 46.85 | % |  | 48.13 | % |  | 46.67 | % |  | (38) | bp |  |  |  | 38 | bp |  |  |  |  |  |  |  |  |  |
Loans-to-deposits ratio (period-end balances) | 94.56 | % |  | 95.33 | % |  | 94.28 | % |  | 94.14 | % |  | 94.41 | % |  | (77) | bp |  |  |  | 15 | bp |  |  |  |  |  |  |  |  |  |
Loans-to-deposits ratio (average-end balances) | 95.30 | % |  | 95.59 | % |  | 94.99 | % |  | 94.30 | % |  | 95.26 | % |  | (29) | bp |  |  |  | 4 | bp |  |  |  |  |  |  |  |  |  |
Return on average assets (annualized) | 2.10 | % |  | 1.98 | % |  | 1.85 | % |  | 1.92 | % |  | 1.83 | % |  | 12 | bp |  |  |  | 27 | bp |  |  |  |  |  |  |  |  |  |
Return on allocated equity 7 | 25.14 | % |  | 23.03 | % |  | 21.50 | % |  | 22.38 | % |  | 21.59 | % |  | 211 | bp |  |  |  | 355 | bp |  |  |  |  |  |  |  |  |  |
Financial center locations | 413 |  |  | 414 |  |  | 414 |  |  | 416 |  |  | 416 |  |  | (1) |  |  |  |  | (3) |  |  |  |  |  |  |  |  |  |  |

Numbers may not total due to rounding.
Certain previously reported amounts have been reclassified to agree with current presentation.
See footnote disclosures on page 19 and glossary of terms on page 25.
Commercial, Consumer, and Wealth segment: Offers financial products and services, including traditional lending and deposit taking, to commercial and consumer clients primarily in the southern U.S. and other selected markets. Commercial, Consumer & Wealth also consists of lines of business that deliver product offerings and services with niche industry knowledge including asset-based lending, commercial real estate, equipment finance/leasing, energy, international banking, healthcare, and transportation and logistics. Additionally, Commercial, Consumer & Wealth provides investment, wealth management, financial planning, trust and asset management services for consumer clients as well as delivering treasury management solutions, loan syndications, and corporate banking services.
17

WHOLESALE
Quarterly, Unaudited

|  |  |  |  |  |  |  |  |  |  | 3Q25 Change vs. |  |  |  |
| 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 |  | 3Q24 |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | $/bp |  | % |  | $/bp |  | % |  |  |  |  |  |  |  |
Income Statement (millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income | $ | 60 |  |  | $ | 57 |  |  | $ | 50 |  |  | $ | 54 |  |  | $ | 52 |  |  | $ | 3 |  |  | 6 | % |  | $ | 9 |  |  | 17 | % |  |  |  |  |  |  |  |
Noninterest income | 74 |  |  | 53 |  |  | 59 |  |  | 58 |  |  | 57 |  |  | 20 |  |  | 38 |  |  | 17 |  |  | 31 |  |  |  |  |  |  |  |  |
Total revenue | 134 |  |  | 111 |  |  | 109 |  |  | 112 |  |  | 108 |  |  | 24 |  |  | 21 |  |  | 26 |  |  | 24 |  |  |  |  |  |  |  |  |
Noninterest expense | 83 |  |  | 76 |  |  | 76 |  |  | 76 |  |  | 75 |  |  | 8 |  |  | 10 |  |  | 8 |  |  | 11 |  |  |  |  |  |  |  |  |
Pre-provision net revenue 3 | 51 |  |  | 35 |  |  | 33 |  |  | 36 |  |  | 33 |  |  | 16 |  |  | 46 |  |  | 18 |  |  | 56 |  |  |  |  |  |  |  |  |
Provision for credit losses | (1) |  |  | 6 |  |  | 3 |  |  | 1 |  |  | (7) |  |  | (6) |  |  | (109) |  |  | 6 |  |  | 93 |  |  |  |  |  |  |  |
Income before income tax expense | 52 |  |  | 29 |  |  | 30 |  |  | 35 |  |  | 40 |  |  | 22 |  |  | 76 |  |  | 12 |  |  | 30 |  |  |  |  |  |  |  |  |
Income tax expense | 12 |  |  | 7 |  |  | 7 |  |  | 8 |  |  | 10 |  |  | 5 |  |  | 77 |  |  | 3 |  |  | 30 |  |  |  |  |  |  |  |  |
Net income | $ | 39 |  |  | $ | 22 |  |  | $ | 23 |  |  | $ | 27 |  |  | $ | 30 |  |  | $ | 17 |  |  | 75 | % |  | $ | 9 |  |  | 29 | % |  |  |  |  |  |  |  |
Average Balances (billions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total loans and leases | $ | 6.0 |  |  | $ | 5.8 |  |  | $ | 5.0 |  |  | $ | 5.5 |  |  | $ | 5.1 |  |  | $ | 0.1 |  |  | 3 | % |  | $ | 0.9 |  |  | 17 | % |  |  |  |  |  |  |  |
Interest-earning assets | 8.7 |  |  | 8.6 |  |  | 7.8 |  |  | 8.2 |  |  | 7.7 |  |  | — |  |  | — |  |  | 0.9 |  |  | 12 |  |  |  |  |  |  |  |  |
Total assets | 9.4 |  |  | 9.3 |  |  | 8.5 |  |  | 8.9 |  |  | 8.4 |  |  | — |  |  | 1 |  |  | 0.9 |  |  | 11 |  |  |  |  |  |  |  |  |
Total deposits | 2.2 |  |  | 2.1 |  |  | 2.0 |  |  | 2.0 |  |  | 1.9 |  |  | 0.1 |  |  | 5 |  |  | 0.3 |  |  | 16 |  |  |  |  |  |  |  |  |
Key Metrics |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed income product average daily revenue (thousands) | $ | 771 |  |  | $ | 550 |  |  | $ | 586 |  |  | $ | 659 |  |  | $ | 593 |  |  | $ | 221 |  |  | 40 | % |  | $ | 178 |  |  | 30 | % |  |  |  |  |  |  |  |
Net interest margin 6 | 2.78 | % |  | 2.67 | % |  | 2.59 | % |  | 2.64 | % |  | 2.67 | % |  | 11 | bp |  |  |  | 11 | bp |  |  |  |  |  |  |  |  |  |
Efficiency ratio | 61.93 | % |  | 68.29 | % |  | 69.58 | % |  | 67.65 | % |  | 69.60 | % |  | (636) | bp |  |  |  | (768) | bp |  |  |  |  |  |  |  |  |  |
Loans-to-deposits ratio (period-end balances) | 319 | % |  | 312 | % |  | 288 | % |  | 305 | % |  | 281 | % |  | 735 | bp |  |  |  | 3,817 | bp |  |  |  |  |  |  |  |  |  |
Loans-to-deposits ratio (average-end balances) | 276 | % |  | 282 | % |  | 252 | % |  | 278 | % |  | 273 | % |  | (669) | bp |  |  |  | 272 | bp |  |  |  |  |  |  |  |  |  |
Return on average assets (annualized) | 1.66 | % |  | 0.96 | % |  | 1.08 | % |  | 1.19 | % |  | 1.43 | % |  | 70 | bp |  |  |  | 24 | bp |  |  |  |  |  |  |  |  |  |
Return on allocated equity 7 | 27.16 | % |  | 15.96 | % |  | 16.56 | % |  | 18.99 | % |  | 21.36 | % |  | 1,120 | bp |  |  |  | 580 | bp |  |  |  |  |  |  |  |  |  |

Numbers may not total due to rounding.
Certain previously reported amounts have been reclassified to agree with current presentation.
See footnote disclosures on page 19 and glossary of terms on page 25.
Wholesale segment: Consists of lines of business that deliver product offerings and services with differentiated industry knowledge. Wholesale’s lines of business include mortgage warehouse lending, franchise finance, correspondent banking, and mortgage. Additionally, Wholesale has a line of business focused on fixed income securities sales, trading, underwriting, and strategies for institutional clients in the U.S. and abroad, as well as loan sales, portfolio advisory services, and derivative sales.
18

CORPORATE
Quarterly, Unaudited

|  | 3Q25 Change vs. |  |  |  |  |  |
| 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  | 2Q25 |  | 3Q24 |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | $ |  | % |  | $ |  | % |  |  |  |  |  |  |  |
Income Statement (millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income/(expense) | $ | (46) |  |  | $ | (50) |  |  | $ | (42) |  |  | $ | (59) |  |  | $ | (59) |  |  | $ | 4 |  |  | 7 | % |  | $ | 12 |  |  | 21 | % |  |  |  |  |  |  |  |
Noninterest income | 25 |  |  | 22 |  |  | 12 |  |  | (75) |  |  | 25 |  |  | 3 |  |  | 12 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Total revenues | (22) |  |  | (28) |  |  | (30) |  |  | (134) |  |  | (34) |  |  | 6 |  |  | 23 |  |  | 12 |  |  | 37 |  |  |  |  |  |  |  |  |
Noninterest expense | 102 |  |  | 61 |  |  | 68 |  |  | 71 |  |  | 84 |  |  | 41 |  |  | 67 |  |  | 18 |  |  | 21 |  |  |  |  |  |  |  |  |
Pre-provision net revenue 3 | (124) |  |  | (89) |  |  | (98) |  |  | (205) |  |  | (118) |  |  | (34) |  |  | (38) |  |  | (5) |  |  | (4) |  |  |  |  |  |  |  |  |
Provision for credit losses | (6) |  |  | 11 |  |  | (1) |  |  | (6) |  |  | — |  |  | (17) |  |  | NM |  | (6) |  |  | NM |  |  |  |  |  |  |  |
Income before income tax expense | (118) |  |  | (100) |  |  | (97) |  |  | (199) |  |  | (118) |  |  | (17) |  |  | (17) |  |  | 1 |  |  | — |  |  |  |  |  |  |  |  |
Income tax expense (benefit) | (32) |  |  | (33) |  |  | (28) |  |  | (57) |  |  | (37) |  |  | 1 |  |  | 3 |  |  | 5 |  |  | 12 |  |  |  |  |  |  |  |  |
Net income/(loss) | $ | (85) |  |  | $ | (67) |  |  | $ | (69) |  |  | $ | (143) |  |  | $ | (81) |  |  | $ | (18) |  |  | (27) | % |  | $ | (4) |  |  | (5) | % |  |  |  |  |  |  |  |
Average Balance Sheet (billions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest bearing assets | $ | 11.0 |  |  | $ | 11.0 |  |  | $ | 10.8 |  |  | $ | 11.1 |  |  | $ | 11.5 |  |  | $ | — |  |  | — | % |  | $ | (0.5) |  |  | (5) | % |  |  |  |  |  |  |  |
Total assets | 13.9 |  |  | 13.9 |  |  | 13.8 |  |  | 14.0 |  |  | 14.4 |  |  | — |  |  | — |  |  | (0.6) |  |  | (4) |  |  |  |  |  |  |  |  |

Numbers may not total due to rounding.
Certain previously reported amounts have been reclassified to agree with current presentation.
Corporate segment: Consists primarily of corporate support functions including risk management, audit, accounting, finance, executive office, and corporate communications. Shared support services such as human resources, marketing, properties, technology, credit risk and bank operations are allocated to the activities of Commercial, Consumer & Wealth, Wholesale and Corporate. Additionally, the Corporate segment includes centralized management of capital and funding to support the business activities of the company including management of balance sheet funding, liquidity, and capital management and allocation. The Corporate segment also includes the revenue and expense associated with run-off businesses such as pre-2009 mortgage banking elements, run-off consumer and trust preferred loan portfolios, and other exited businesses.
FOOTNOTES
1 Taxable equivalent interest income and interest expense are non-GAAP measures and are reconciled to net interest income (GAAP) in the table.
2 Occupancy and Equipment expense includes Computer Software Expense.
3 Pre-provision net revenue is a non-GAAP measure and is reconciled to income before income taxes (GAAP) in the table.
4 Represents a non-GAAP measure and is reconciled to the nearest GAAP measure in the non-GAAP to GAAP reconciliations beginning on page 20.
5 Credit card and other includes $154 million of commercial credit card balances at September 30, 2025.
6 Net interest margin is computed using total NII adjusted for FTE assuming a statutory federal income tax rate of 21 percent and, where applicable, state taxes.
7 Segment equity is allocated based on an internal allocation methodology.
8 Share count for all periods shown was impacted by share repurchases.
9 Balance fluctuates based on market conditions. 1Q25 decrease driven by equity market valuations.
19

CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quarterly, Unaudited |  |  |  |  |  |  |  |  |  |  |  |  |  |
($s in millions, except per share data) | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  |  |  |  |
Tangible Common Equity (Non-GAAP) |  |  |  |  |  |  |  |  |  |  |  |  |  |
(A) Total equity (GAAP) | $ | 9,244 |  |  | $ | 9,257 |  |  | $ | 9,044 |  |  | $ | 9,111 |  |  | $ | 9,316 |  |  |  |  |  |
Less: Noncontrolling interest (a) | 295 |  |  | 295 |  |  | 295 |  |  | 295 |  |  | 295 |  |  |  |  |  |
Less: Preferred stock (a) | 349 |  |  | 426 |  |  | 426 |  |  | 426 |  |  | 426 |  |  |  |  |  |
(B) Total common equity | $ | 8,600 |  |  | $ | 8,536 |  |  | $ | 8,322 |  |  | $ | 8,389 |  |  | $ | 8,595 |  |  |  |  |  |
Less: Intangible assets (GAAP) (b) | 1,624 |  |  | 1,633 |  |  | 1,643 |  |  | 1,653 |  |  | 1,663 |  |  |  |  |  |
(C) Tangible common equity (Non-GAAP) | $ | 6,976 |  |  | $ | 6,903 |  |  | $ | 6,680 |  |  | $ | 6,737 |  |  | $ | 6,931 |  |  |  |  |  |
Tangible Assets (Non-GAAP) |  |  |  |  |  |  |  |  |  |  |  |  |  |
(D) Total assets (GAAP) | $ | 83,192 |  |  | $ | 82,084 |  |  | $ | 81,491 |  |  | $ | 82,152 |  |  | $ | 82,635 |  |  |  |  |  |
Less: Intangible assets (GAAP) (b) | 1,624 |  |  | 1,633 |  |  | 1,643 |  |  | 1,653 |  |  | 1,663 |  |  |  |  |  |
(E) Tangible assets (Non-GAAP) | $ | 81,568 |  |  | $ | 80,451 |  |  | $ | 79,849 |  |  | $ | 80,499 |  |  | $ | 80,971 |  |  |  |  |  |
Period-end Shares Outstanding |  |  |  |  |  |  |  |  |  |  |  |  |  |
(F) Period-end shares outstanding | 500 |  |  | 509 |  |  | 507 |  |  | 524 |  |  | 532 |  |  |  |  |  |
Ratios |  |  |  |  |  |  |  |  |  |  |  |  |  |
(A)/(D) Total equity to total assets (GAAP) | 11.11 | % |  | 11.28 | % |  | 11.10 | % |  | 11.09 | % |  | 11.27 | % |  |  |  |  |
(C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (Non-GAAP) | 8.55 | % |  | 8.58 | % |  | 8.37 | % |  | 8.37 | % |  | 8.56 | % |  |  |  |  |
(B)/(F) Book value per common share (GAAP) | $ | 17.19 |  |  | $ | 16.78 |  |  | $ | 16.40 |  |  | $ | 16.00 |  |  | $ | 16.15 |  |  |  |  |  |
(C)/(F) Tangible book value per common share (Non-GAAP) | $ | 13.94 |  |  | $ | 13.57 |  |  | $ | 13.17 |  |  | $ | 12.85 |  |  | $ | 13.02 |  |  |  |  |  |

(a) Included in Total equity on the Consolidated Balance Sheet.
(b) Includes goodwill and other intangible assets, net of amortization.
Numbers may not total due to rounding.
20

CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quarterly, Unaudited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
($s in millions, except per share data) |  | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  |  |  |  |
Adjusted Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders ("NIAC") (GAAP) | a | $ | 254 |  |  | $ | 233 |  |  | $ | 213 |  |  | $ | 158 |  |  | $ | 213 |  |  |  |  |  |
Plus Total notable items (after-tax) (Non-GAAP) (a) |  | $ | 9 |  |  | $ | (3) |  |  | $ | 4 |  |  | $ | 71 |  |  | $ | 11 |  |  |  |  |  |
Adjusted net income available to common shareholders (Non-GAAP) | b | $ | 263 |  |  | $ | 229 |  |  | $ | 217 |  |  | $ | 228 |  |  | $ | 224 |  |  |  |  |  |
Diluted Shares (GAAP)8 | c | 510 |  |  | 514 |  |  | 523 |  |  | 534 |  |  | 538 |  |  |  |  |  |
Diluted EPS (GAAP) | a/c | $ | 0.50 |  |  | $ | 0.45 |  |  | $ | 0.41 |  |  | $ | 0.29 |  |  | $ | 0.40 |  |  |  |  |  |
Adjusted diluted EPS (Non-GAAP) | b/c | $ | 0.51 |  |  | $ | 0.45 |  |  | $ | 0.42 |  |  | $ | 0.43 |  |  | $ | 0.42 |  |  |  |  |  |
Adjusted Net Income ("NI") and Adjusted Return on Assets ("ROA") |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Income ("NI") (GAAP) |  | $ | 266 |  |  | $ | 244 |  |  | $ | 222 |  |  | $ | 170 |  |  | $ | 223 |  |  |  |  |  |
Plus Relevant notable items (after-tax) (Non-GAAP) (a) |  | $ | 6 |  |  | $ | (3) |  |  | $ | 4 |  |  | $ | 71 |  |  | $ | 11 |  |  |  |  |  |
Adjusted NI (Non-GAAP) |  | $ | 272 |  |  | $ | 241 |  |  | $ | 227 |  |  | $ | 240 |  |  | $ | 234 |  |  |  |  |  |
NI (annualized) (GAAP) | d | $ | 1,055 |  |  | $ | 980 |  |  | $ | 901 |  |  | $ | 675 |  |  | $ | 889 |  |  |  |  |  |
Adjusted NI (annualized) (Non-GAAP) | e | $ | 1,079 |  |  | $ | 967 |  |  | $ | 919 |  |  | $ | 956 |  |  | $ | 932 |  |  |  |  |  |
Average assets (GAAP) | f | $ | 82,049 |  |  | $ | 81,958 |  |  | $ | 80,965 |  |  | $ | 81,950 |  |  | $ | 82,366 |  |  |  |  |  |
ROA (GAAP) | d/f | 1.29 | % |  | 1.20 | % |  | 1.11 | % |  | 0.82 | % |  | 1.08 | % |  |  |  |  |
Adjusted ROA (Non-GAAP) | e/f | 1.32 | % |  | 1.18 | % |  | 1.14 | % |  | 1.17 | % |  | 1.13 | % |  |  |  |  |
Return on Average Common Equity ("ROCE")/ Return on Average Tangible Common Equity ("ROTCE")/ Adjusted ROTCE |  |  |  |
Net income available to common shareholders ("NIAC") (annualized) (GAAP) | g | $ | 1,007 |  |  | $ | 933 |  |  | $ | 864 |  |  | $ | 627 |  |  | $ | 849 |  |  |  |  |  |
Adjusted Net income available to common shareholders (annualized) (Non-GAAP) | h | $ | 1,042 |  |  | $ | 919 |  |  | $ | 882 |  |  | $ | 907 |  |  | $ | 892 |  |  |  |  |  |
Average Common Equity (GAAP) | i | $ | 8,579 |  |  | $ | 8,376 |  |  | $ | 8,389 |  |  | $ | 8,494 |  |  | $ | 8,407 |  |  |  |  |  |
Intangible Assets (GAAP) (b) |  | 1,628 |  |  | 1,638 |  |  | 1,648 |  |  | 1,658 |  |  | 1,669 |  |  |  |  |  |
Average Tangible Common Equity (Non-GAAP) | j | $ | 6,950 |  |  | $ | 6,738 |  |  | $ | 6,742 |  |  | $ | 6,836 |  |  | $ | 6,738 |  |  |  |  |  |
ROCE (GAAP) | g/i | 11.74 | % |  | 11.14 | % |  | 10.30 | % |  | 7.38 | % |  | 10.10 | % |  |  |  |  |
ROTCE (Non-GAAP) | g/j | 14.49 | % |  | 13.85 | % |  | 12.81 | % |  | 9.17 | % |  | 12.60 | % |  |  |  |  |
Adjusted ROTCE (Non-GAAP) | h/j | 15.00 | % |  | 13.65 | % |  | 13.08 | % |  | 13.27 | % |  | 13.24 | % |  |  |  |  |

(a) Adjusted for those notable items relevant to the amount being adjusted, as detailed on page 8.
(b) Includes goodwill and other intangible assets, net of amortization.
Numbers may not total due to rounding.
21

CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quarterly, Unaudited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(In millions) |  | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  |  |  |  |
Adjusted Noninterest Income as a % of Total Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest income (GAAP) | k | $ | 215 |  |  | $ | 189 |  |  | $ | 181 |  |  | $ | 99 |  |  | $ | 200 |  |  |  |  |  |
Plus notable items (pretax) (GAAP) (a) |  | — |  |  | — |  |  | — |  |  | 91 |  |  | — |  |  |  |  |  |
Adjusted noninterest income (Non-GAAP) | l | $ | 215 |  |  | $ | 189 |  |  | $ | 181 |  |  | $ | 190 |  |  | $ | 200 |  |  |  |  |  |
Revenue (GAAP) | m | $ | 889 |  |  | $ | 830 |  |  | $ | 812 |  |  | $ | 729 |  |  | $ | 828 |  |  |  |  |  |
Taxable-equivalent adjustment |  | 3 |  |  | 4 |  |  | 3 |  |  | 4 |  |  | 4 |  |  |  |  |  |
Revenue- Taxable-equivalent (Non-GAAP) |  | 893 |  |  | 833 |  |  | 816 |  |  | 732 |  |  | 832 |  |  |  |  |  |
Plus notable items (pretax) (GAAP) (a) |  | — |  |  | — |  |  | — |  |  | 91 |  |  | — |  |  |  |  |  |
Adjusted revenue (Non-GAAP) | n | $ | 893 |  |  | $ | 833 |  |  | $ | 816 |  |  | $ | 824 |  |  | $ | 832 |  |  |  |  |  |
Securities gains/(losses) (GAAP) | o | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (91) |  |  | $ | 1 |  |  |  |  |  |
Noninterest income as a % of total revenue (GAAP) | (k-o)/ (m-o) | 24.16 | % |  | 22.73 | % |  | 22.29 | % |  | 23.20 | % |  | 24.06 | % |  |  |  |  |
Adjusted noninterest income as a % of total revenue (Non-GAAP) | l/n | 24.07 | % |  | 22.63 | % |  | 22.20 | % |  | 23.10 | % |  | 23.95 | % |  |  |  |  |
Adjusted Efficiency Ratio |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest expense (GAAP) | p | $ | 551 |  |  | $ | 491 |  |  | $ | 488 |  |  | $ | 508 |  |  | $ | 511 |  |  |  |  |  |
Plus notable items (pretax) (GAAP) (a) |  | $ | (8) |  |  | $ | 4 |  |  | $ | (6) |  |  | $ | (2) |  |  | $ | (14) |  |  |  |  |  |
Adjusted noninterest expense (Non-GAAP) | q | $ | 542 |  |  | $ | 495 |  |  | $ | 482 |  |  | $ | 506 |  |  | $ | 497 |  |  |  |  |  |
Revenue (GAAP) | r | $ | 889 |  |  | $ | 830 |  |  | $ | 812 |  |  | $ | 729 |  |  | $ | 828 |  |  |  |  |  |
Taxable-equivalent adjustment |  | 3 |  |  | 4 |  |  | 3 |  |  | 4 |  |  | 4 |  |  |  |  |  |
Revenue- Taxable-equivalent (Non-GAAP) |  | 893 |  |  | 833 |  |  | 816 |  |  | 732 |  |  | 832 |  |  |  |  |  |
Plus notable items (pretax) (GAAP) (a) |  | — |  |  | — |  |  | — |  |  | 91 |  |  | — |  |  |  |  |  |
Adjusted revenue (Non-GAAP) | s | $ | 893 |  |  | $ | 833 |  |  | $ | 816 |  |  | $ | 824 |  |  | $ | 832 |  |  |  |  |  |
Securities gains/(losses) (GAAP) | t | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (91) |  |  | $ | 1 |  |  |  |  |  |
Efficiency ratio (GAAP) | p/ (r-t) | 61.92 | % |  | 59.20 | % |  | 60.06 | % |  | 61.98 | % |  | 61.89 | % |  |  |  |  |
Adjusted efficiency ratio (Non-GAAP) | q/s | 60.76 | % |  | 59.47 | % |  | 59.09 | % |  | 61.43 | % |  | 59.86 | % |  |  |  |  |

(a) Adjusted for those notable items relevant to the amount being adjusted, as detailed on page 8.
(b) Includes goodwill and other intangible assets, net of amortization.
Numbers may not total due to rounding.
22

CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION
Quarterly, Unaudited
($s in millions)

|  | Period-end |  | Average
|  | 3Q25 |  | 2Q25 |  | 3Q25 vs. 3Q24 |  | 3Q25 |  | 2Q25 |  | 3Q25 vs. 3Q24
Loans excluding LMC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Loans (GAAP) |  | $ | 63,058 |  |  | $ | 63,260 |  |  | $ | (202) |  |  | — | % |  | $ | 62,787 |  |  | $ | 62,551 |  |  | $ | 236 |  |  | — | %
LMC (GAAP) |  | 3,926 |  |  | 4,058 |  |  | (132) |  |  | (3) | % |  | 3,628 |  |  | 3,533 |  |  | 96 |  |  | 3 | %
Total Loans excl. LMC (Non-GAAP) |  | 59,131 |  |  | 59,201 |  |  | (70) |  |  | — | % |  | 59,159 |  |  | 59,019 |  |  | 140 |  |  | — | %
Total Consumer (GAAP) |  | 14,982 |  |  | 14,965 |  |  | 17 |  |  | — | % |  | 15,004 |  |  | 14,847 |  | 157 |  |  | 1 | %
Total Commercial excl. LMC (Non-GAAP) |  | 44,149 |  |  | 44,237 |  |  | (87) |  |  | — | % |  | 44,156 |  |  | 44,172 |  |  | (16) |  |  | — | %
Total CRE (GAAP) |  | 13,674 |  |  | 13,936 |  |  | (261) |  |  | (2) | % |  | 13,772 |  |  | 14,070 |  |  | (298) |  |  | (2) | %
Total C&I excl. LMC (Non-GAAP) |  | $ | 30,475 |  |  | $ | 30,301 |  |  | $ | 174 |  |  | 1 | % |  | $ | 30,383 |  |  | $ | 30,102 |  |  | 281 |  |  | 1 | %

Numbers may not total due to rounding.

|  | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  |  |  |  |  |
Allowance for credit losses to loans and leases and Allowance for credit losses to nonperforming loans and leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses (GAAP) | A | $ | 777 |  |  | $ | 814 |  |  | $ | 822 |  |  | $ | 815 |  |  | $ | 823 |  |  |  |  |  |  |
Reserve for unfunded commitments (GAAP) |  | 93 |  |  | 87 |  |  | 83 |  |  | 79 |  |  | 75 |  |  |  |  |  |  |
Allowance for credit losses (Non-GAAP) | B | $ | 870 |  |  | $ | 901 |  |  | $ | 905 |  |  | $ | 894 |  |  | $ | 897 |  |  |  |  |  |  |
Loans and leases (GAAP) | C | $ | 63,058 |  |  | $ | 63,260 |  |  | $ | 62,215 |  |  | $ | 62,565 |  |  | $ | 62,445 |  |  |  |  |  |  |
Nonaccrual loans and leases (GAAP) | D | $ | 605 |  |  | $ | 593 |  |  | $ | 609 |  |  | $ | 602 |  |  | $ | 578 |  |  |  |  |  |  |
Allowance for loans and lease losses to loans and leases (GAAP) | A/C | 1.23 | % |  | 1.29 | % |  | 1.32 | % |  | 1.30 | % |  | 1.32 | % |  |  |  |  |  |
Allowance for credit losses to loans and leases (Non-GAAP) | B/C | 1.38 | % |  | 1.42 | % |  | 1.45 | % |  | 1.43 | % |  | 1.44 | % |  |  |  |  |  |
Allowance for loans and lease losses to nonperforming loans and leases (GAAP) | A/D | 128 | % |  | 137 | % |  | 135 | % |  | 136 | % |  | 142 | % |  |  |  |  |  |
Allowance for credit losses to nonperforming loans and leases (Non-GAAP) | B/D | 144 | % |  | 152 | % |  | 148 | % |  | 149 | % |  | 155 | % |  |  |  |  |  |

Numbers may not total due to rounding.
23

CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION |  |  |  |
Quarterly, Unaudited |  |  |  |
($s in millions) |  |  |  |
|  | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24
Adjusted Pre-provision Net Revenue (PPNR) |  |  |  |  |  |  |  |  |  |
Pre-tax income (GAAP) |  | $ | 344 |  |  | $ | 309 |  |  | $ | 285 |  |  | $ | 210 |  |  | $ | 281 |
Plus notable items (pretax) (GAAP) (a) |  | 8 |  |  | (4) |  |  | 6 |  |  | 94 |  |  | 14 |
Adjusted Pre-tax income (non-GAAP) |  | $ | 352 |  |  | $ | 304 |  |  | $ | 290 |  |  | $ | 304 |  |  | $ | 296 |
Plus provision expense (GAAP) |  | (5) |  |  | 30 |  |  | 40 |  |  | 10 |  |  | 35 |
Adjusted Pre-provision net revenue (PPNR) (non-GAAP) |  | $ | 347 |  |  | $ | 334 |  |  | $ | 330 |  |  | $ | 314 |  |  | $ | 331 |
Taxable-equivalent adjustment |  | 3 |  |  | 4 |  |  | 3 |  |  | 4 |  |  | 4 |
Pre-provision net revenue-Taxable-equivalent (Non-GAAP) |  | $ | 351 |  |  | $ | 338 |  |  | $ | 334 |  |  | $ | 318 |  |  | $ | 335 |

(a) Adjusted for those notable items relevant to the amount being adjusted, as detailed on page 8.
Numbers may not total due to rounding.

|  | 3Q25 |  | 2Q25 |  | 1Q25 |  | 4Q24 |  | 3Q24 |  |  |  |
Adjusted personnel expense excluding deferred compensation expense |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personnel expense (GAAP) |  | $ | 296 |  |  | $ | 282 |  |  | $ | 279 |  |  | $ | 276 |  |  | $ | 282 |  |  |  |  |
Plus notable items (pretax) (GAAP) (a) |  | — |  |  | 4 |  |  | — |  |  | (2) |  |  | (1) |  |  |  |  |
Adjusted personnel expense (non-GAAP) |  | $ | 296 |  |  | $ | 286 |  |  | $ | 279 |  |  | $ | 274 |  |  | $ | 281 |  |  |  |  |
Less adjusted deferred compensation expense (GAAP) |  | 8 |  |  | 7 |  |  | (3) |  |  | 1 |  |  | 6 |  |  |  |  |
Adjusted personnel expense excluding deferred compensation expense (non-GAAP) |  | $ | 288 |  |  | $ | 279 |  |  | $ | 282 |  |  | $ | 272 |  |  | $ | 275 |  |  |  |  |

(a) Adjusted for those notable items relevant to the amount being adjusted, as detailed on page 8.
Numbers may not total due to rounding.
24

GLOSSARY OF TERMS

Common Equity Tier 1 Ratio: Ratio consisting of common equity adjusted for certain unrealized gains/(losses) on available-for-sale securities, less disallowed portions of goodwill, other intangibles, and deferred tax assets as well as certain other regulatory deductions divided by risk-weighted assets.
Fully Taxable Equivalent (“FTE”): Reflects the amount of tax-exempt income adjusted to a level that would yield the same after-tax income had that income been subject to taxation.
Tier 1 Capital Ratio: Ratio consisting of shareholders’ equity adjusted for certain unrealized gains/(losses) on available-for-sale securities, plus qualifying portions of noncontrolling interests, less disallowed portions of goodwill, other intangible assets, and deferred tax assets as well as certain other regulatory deductions divided by risk-weighted assets.

Key Ratios

Return on Average Assets: Ratio is annualized net income to average total assets.
Return on Average Common Equity: Ratio is annualized net income available to common shareholders to average common equity.
Return on Average Tangible Common Equity: Ratio is annualized net income available to common shareholders to average tangible common equity.
Noninterest Income as a Percentage of Total Revenue: Ratio is noninterest income excluding securities gains/(losses) to total revenue - taxable equivalent excluding securities gains/(losses).
Efficiency Ratio: Ratio is noninterest expense to total revenue - taxable equivalent excluding securities gains/(losses).
Leverage Ratio: Ratio is tier 1 capital to average assets for leverage.

Asset Quality - Consolidated Key Ratios

Nonperforming loans and leases ("NPL") %: Ratio is nonaccruing loans and leases in the loan portfolio to total period-end loans and leases.
Net charge-offs %: Ratio is annualized net charge-offs to total average loans and leases.
Allowance / loans and leases: Ratio is allowance for loan and lease losses to total period-end loans and leases.
Allowance / Nonperforming loans and leases: Ratio is allowance for loan and lease losses to nonperforming loans and leases in the loan portfolio.

Operating Segments

Commercial, Consumer, and Wealth segment: Offers financial products and services, including traditional lending and deposit taking, to commercial and consumer clients primarily in the southern U.S. and other selected markets. Commercial, Consumer & Wealth also consists of lines of business that deliver product offerings and services with niche industry knowledge including asset-based lending, commercial real estate, equipment finance/leasing, energy, international banking, healthcare, and transportation and logistics. Additionally, Commercial, Consumer & Wealth provides investment, wealth management, financial planning, trust and asset management services for consumer clients as well as delivering treasury management solutions, loan syndications, and corporate banking services.
Wholesale segment: Consists of lines of business that deliver product offerings and services with differentiated industry knowledge. Wholesale’s lines of business include mortgage warehouse lending, franchise finance, correspondent banking, and mortgage. Additionally, Wholesale has a line of business focused on fixed income securities sales, trading, underwriting, and strategies for institutional clients in the U.S. and abroad, as well as loan sales, portfolio advisory services, and derivative sales.
Corporate segment: Consists primarily of corporate support functions including risk management, audit, accounting, finance, executive office, and corporate communications. Shared support services such as human resources, marketing, properties, technology, credit risk and bank operations are allocated to the activities of Commercial, Consumer & Wealth, Wholesale and Corporate. Additionally, the Corporate segment includes centralized management of capital and funding to support the business activities of the company including management of balance sheet funding, liquidity, and capital management and allocation. The Corporate segment also includes the revenue and expense associated with run-off businesses such as pre-2009 mortgage banking elements, run-off consumer and trust preferred loan portfolios, and other exited businesses.
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