v3.25.4
Consolidated Statements of Comprehensive (Loss) Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
INTEREST INCOME:      
Loans and leases $ 3,310 $ 4,369 $ 4,509
Securities and money market investments 1,156 1,584 982
Total interest income 4,466 5,953 5,491
INTEREST EXPENSE:      
Interest-bearing checking and money market accounts 612 869 943
Savings accounts 442 345 169
Certificates of deposit 1,078 1,362 646
Borrowed funds 613 1,225 656
Total interest expense 2,745 3,801 2,414
Net interest income 1,721 2,152 3,077
Provision for credit losses 184 1,092 833
Net interest income after provision for credit loan losses 1,537 1,060 2,244
NON-INTEREST INCOME:      
Fee income 89 150 172
Bank-owned life insurance 49 42 43
Net gain on investment securities 31 0 0
Net return on mortgage servicing rights 0 73 103
Net gain on loan sales and securitizations 32 48 89
Net gain on mortgage/servicing sale 0 89 0
Net loan administration income 6 2 82
Bargain purchase gain 0 (121) 2,131
Other 134 117 67
Total non-interest income 341 400 2,687
NON-INTEREST EXPENSE:      
Compensation and benefits 976 1,263 1,149
Occupancy and equipment 202 211 200
Software expense 173 186 180
FDIC insurance 169 313 126
Professional services 86 110 55
General and administrative 307 513 389
Total operating expense 1,913 2,596 2,099
Intangible asset amortization 107 136 126
Merger-related and restructuring expenses 56 106 330
Goodwill impairment 0 0 2,426
Total non-interest expense 2,076 2,838 4,981
(Loss) income before income taxes (198) (1,378) (50)
Income tax (benefit)/expense (21) (260) 29
Net (loss) income (177) (1,118) (79)
Preferred stock dividends 33 35 33
Net (loss) attributable / net income available to common stockholders $ (210) $ (1,153) $ (112)
Basic (loss) earnings per common share (in usd per share) $ (0.50) $ (3.49) $ (0.49)
Diluted (loss) earnings per common share (in usd per share) $ (0.50) $ (3.49) $ (0.49)