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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income        
Interest and fees on loans $ 1,198 $ 1,224 $ 3,531 $ 3,645
Interest on cash and investment securities 44 53 135 161
Total interest income 1,242 1,277 3,666 3,806
Interest expense        
Interest on deposits 139 153 417 461
Interest on borrowings 71 87 238 268
Total interest expense 210 240 655 729
Net interest income 1,032 1,037 3,011 3,077
Non-interest income        
Interchange revenue, net of retailer share arrangements (111) (95) (289) (272)
Gain on portfolio sale 0 4 3 9
Other 50 37 145 99
Total non-interest income (61) (54) (141) (164)
Total net interest and non-interest income 971 983 2,870 2,913
Provision for credit losses 299 369 869 980
Total net interest and non-interest income, after provision for credit losses 672 614 2,001 1,933
Non-interest expenses        
Employee compensation and benefits 222 228 648 655
Card and processing expenses 81 77 244 241
Information processing and communication 72 73 230 220
Marketing expenses 38 38 106 99
Depreciation and amortization 20 22 61 68
Other 43 136 144 242
Total non-interest expenses 476 574 1,433 1,525
Income from continuing operations before income taxes 196 40 568 408
Provision for income taxes 8 37 100 136
Income from continuing operations 188 3 468 272
Loss from discontinued operations, net of income taxes [1] 0 (1) (4) (2)
Net income $ 188 $ 2 $ 464 $ 270
Basic income per share (Note 16)        
Income from continuing operations (in dollars per share) $ 4.04 $ 0.06 $ 9.88 $ 5.48
Loss from discontinued operations (in dollars per share) 0 (0.01) (0.09) (0.04)
Net income per share (in dollars per share) 4.04 0.05 9.79 5.44
Diluted income per share (Note 16)        
Income from continuing operations (in dollars per share) 3.96 0.06 9.74 5.40
Loss from discontinued operations (in dollars per share) 0 (0.01) (0.09) (0.03)
Net income per share (in dollars per share) $ 3.96 $ 0.05 $ 9.65 $ 5.37
Weighted average common shares outstanding (Note 16)        
Basic (in shares) 46.5 49.7 47.4 49.6
Diluted (in shares) 47.5 51.0 48.1 50.3
[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.