🔹 Revenue: $5.92B (Est. $5.83B) 🟢; UP +9% YoY
🔹 EPS: $4.35 (Est. $4.04) 🟢; UP +25% YoY
🔹 Net Interest Income: $3.65B; UP +7% YoY
🔹 Net Interest Margin: 2.79%; UP +15 bps YoY
Other Q3 Metrics
🔹 Noninterest Income: $2.27B; UP +12% YoY
🔹 PPNR: $2.45B; UP +17% YoY
🔹 Provision for Credit Losses: $167M; DOWN -31% QoQ
🔹 Net Charge-Offs: $179M; DOWN -37% YoY (0.22% of avg loans)
🔹 Efficiency Ratio: 59% (improved from 61% YoY)
🔹 Avg. Loans: $325.9B; UP +2% YoY
🔹 Avg. Deposits: $431.8B; UP +2% YoY
🔹 CET1: 10.6%
🔹 TBV/Share: $107.84; UP +11% YoY
Segment / Product Results
Retail Banking
🔹 NII $3.02B; Noninterest Inc. $790M; Earnings $1.32B
Corporate & Institutional Banking
🔹 NII $1.78B; Noninterest Inc. $1.13B; Earnings $1.46B; Avg. Deposits +6% QoQ
Asset Management Group
🔹 Noninterest Inc. $254M; Client Assets $440B; Earnings $117M
Capital & Distribution
🔹 Returned ~$1.0B to shareholders (dividends + buybacks)
🔹 Dividend: $1.70/share (declared Oct 2)
Strategic Update
🔹 Announced agreement to acquire FirstBank for ~$4.1B; expected close early 2026
CEO Commentary
🔸 “Fee income grew 9%, expenses were well-controlled, and credit performed well—supporting positive operating leverage and strong capital.”