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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income        
Interest and fees on loans $ 1,195 $ 1,148 $ 2,419 $ 2,333
Interest on cash and investment securities 39 46 75 91
Total interest income 1,234 1,194 2,494 2,424
Interest expense        
Interest on deposits 139 139 272 277
Interest on borrowings 56 81 116 167
Total interest expense 195 220 388 444
Net interest income 1,039 974 2,106 1,980
Non-interest income        
Interchange revenue, net of retailer share arrangements (110) (95) (216) (178)
Other 64 50 120 97
Total non-interest income (46) (45) (96) (81)
Total net interest and non-interest income 993 929 2,010 1,899
Provision for credit losses 313 274 616 570
Total net interest and non-interest income, after provision for credit losses 680 655 1,394 1,329
Non-interest expenses        
Employee compensation and benefits 225 212 445 426
Card and processing expenses 81 81 161 163
Information processing and communication 80 77 156 158
Marketing expenses 36 34 71 68
Depreciation and amortization 19 20 37 42
Other 42 57 85 101
Total non-interest expenses 483 481 955 958
Income from continuing operations before income taxes 197 174 439 371
Provision for income taxes 51 35 111 91
Income from continuing operations 146 139 328 280
Loss from discontinued operations, net of income taxes [1] 0 0 0 (4)
Net income 146 139 328 276
Dividends declared to preferred stockholders (2) 0 (4) 0
Net income available to common stockholders $ 144 $ 139 $ 324 $ 276
Basic earnings per common share (Note 13)        
Income from continuing operations (in dollars per share) $ 3.62 $ 2.96 $ 7.83 $ 5.86
Income (loss) from discontinued operations (in dollars per share) 0 0.01 0 (0.08)
Net income per share (in dollars per share) 3.62 2.97 7.83 5.78
Diluted earnings per common share (Note 13)        
Income from continuing operations (in dollars per share) 3.55 2.93 7.72 5.79
Income (loss) from discontinued operations (in dollars per share) 0 0.01 0 (0.08)
Net income per share (in dollars per share) $ 3.55 $ 2.94 $ 7.72 $ 5.71
Weighted average common shares outstanding (Note 13)        
Basic (in shares) 39.9 46.7 41.3 47.8
Diluted (in shares) 40.7 47.2 41.9 48.4
[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 Significant Accounting Policies” to the unaudited Consolidated Financial Statements.