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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income        
Interest and fees on loans $ 1,148 $ 1,174 $ 2,333 $ 2,422
Interest on cash and investment securities 46 54 91 106
Total interest income 1,194 1,228 2,424 2,528
Interest expense        
Interest on deposits 139 152 277 308
Interest on borrowings 81 89 167 181
Total interest expense 220 241 444 489
Net interest income 974 987 1,980 2,039
Non-interest income        
Interchange revenue, net of retailer share arrangements (95) (84) (178) (177)
Gain on portfolio sale 3 5 3 5
Other 47 31 94 62
Total non-interest income (45) (48) (81) (110)
Total net interest and non-interest income 929 939 1,899 1,929
Provision for credit losses 274 290 570 611
Total net interest and non-interest income, after provision for credit losses 655 649 1,329 1,318
Non-interest expenses        
Employee compensation and benefits 212 214 426 427
Card and processing expenses 81 77 163 164
Information processing and communication 77 73 158 147
Marketing expenses 34 33 68 61
Depreciation and amortization 20 23 42 46
Other 57 49 101 104
Total non-interest expenses 481 469 958 949
Income from continuing operations before income taxes 174 180 371 369
Provision for income taxes 35 47 91 100
Income from continuing operations 139 133 280 269
Loss from discontinued operations, net of income taxes [1] 0 0 (4) (1)
Net income $ 139 $ 133 $ 276 $ 268
Basic income per share (Note 16)        
Income from continuing operations (in dollars per share) $ 2.96 $ 2.69 $ 5.86 $ 5.42
Income (loss) from discontinued operations (in dollars per share) 0.01 0 (0.08) (0.02)
Net income per share (in dollars per share) 2.97 2.69 5.78 5.40
Diluted income per share (Note 16)        
Income from continuing operations (in dollars per share) 2.93 2.65 5.79 5.38
Income (loss) from discontinued operations (in dollars per share) 0.01 0.01 (0.08) (0.02)
Net income per share (in dollars per share) $ 2.94 $ 2.66 $ 5.71 $ 5.36
Weighted average common shares outstanding (Note 16)        
Basic (in shares) 46.7 49.6 47.8 49.6
Diluted (in shares) 47.2 50.2 48.4 49.9
[1]
(1)Includes amounts that related to the previously disclosed discontinued operations associated with the spinoff of our former LoyaltyOne segment in 2021 and the sale of our former Epsilon segment in 2019. For additional information, refer to Note 1, “Description of Business, Basis of Presentation and Summary of Significant Accounting Policies” to the unaudited Consolidated Financial Statements.