v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest income:      
Interest and fees on loans $ 3,501 $ 3,514 $ 3,196
Interest on money market investments 186 230 188
Interest on securities 497 549 563
Total interest income 4,184 4,293 3,947
Interest expense:      
Interest on deposits 1,250 1,540 1,063
Interest on short- and long-term borrowings 307 323 446
Total interest expense 1,557 1,863 1,509
Net interest income 2,627 2,430 2,438
Provision for loan and lease losses 71 72 148
Provision for unfunded lending commitments 1 0 (16)
Total provision for credit losses 72 72 132
Net interest income after provision for credit losses 2,555 2,358 2,306
Noninterest income:      
Commercial account fees 185 182 174
Card fees 95 96 101
Retail and business banking fees 75 67 66
Loan-related fees and income 75 70 79
Capital markets fees and income 116 110 77
Wealth management fees 57 58 58
Other customer-related fees 59 56 61
Customer-related noninterest income 662 639 616
Dividends and other income 44 42 57
Securities gains (losses), net 52 19 4
Total noninterest income 758 700 677
Noninterest expense:      
Salaries and employee benefits 1,350 1,287 1,275
Technology, telecom, and information processing 276 260 240
Occupancy and equipment, net 166 161 160
Professional and legal services 61 64 62
Marketing and business development 64 45 46
Deposit insurance and regulatory expense 64 91 169
Credit-related expense 25 25 26
Other real estate expense, net (2) (1) 0
Other 134 114 119
Total noninterest expense 2,138 2,046 2,097
Income before income taxes 1,175 1,012 886
Income taxes 276 228 206
Net income 899 784 680
Preferred stock dividends (4) (41) (32)
Preferred stock redemption 0 (6) 0
Net earnings applicable to common shareholders $ 895 $ 737 $ 648
Weighted average common shares outstanding during the year:      
Basic shares (in shares) 147,115 147,210 147,748
Diluted shares (in shares) 147,157 147,215 147,756
Net earnings per common share:      
Basic (in dollars per share) $ 6.01 $ 4.95 $ 4.35
Diluted (in dollars per share) $ 6.01 $ 4.95 $ 4.35