CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NYSE: FITB):<\/p>![](\"https:\/\/mms.businesswire.com\/media\/20260716311833\/en\/2142958\/5\/New_Fifth_Third_Logo_5-2024.jpg\"){kind=logo}
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\n\u00a0<\/p><\/td> | \nKey Financial Data<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \nKey Highlights<\/b><\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n$ in millions for all balance sheet and income statement items<\/i><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2Q26<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n1Q26<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n2Q25<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \nStability:<\/b><\/p> \nProfitability:<\/b><\/p> \nGrowth:<\/b><\/p> \n\u00a0<\/p> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nIncome Statement Data<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNet income available to common shareholders<\/p><\/td> \n$763<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n$128<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n$591<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNet interest income (U.S. GAAP)<\/p><\/td> \n2,215<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n1,934<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n1,495<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNet interest income (FTE)(a)<\/sup><\/i><\/p><\/td> \n2,220<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n1,939<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n1,500<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest income<\/p><\/td> \n1,059<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n895<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n750<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest expense<\/p><\/td> \n2,109<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2,395<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n1,264<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nPer Share Data<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nEarnings per share, basic<\/p><\/td> \n$0.84<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n$0.16<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n$0.88<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nEarnings per share, diluted<\/p><\/td> \n0.83<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n0.15<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n0.88<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nBook value per share<\/p><\/td> \n35.56<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n35.24<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n28.47<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTangible book value per share(a)<\/sup><\/i><\/p><\/td> \n23.15<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n22.88<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n20.98<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nBalance Sheet & Credit Quality<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nAverage portfolio loans and leases<\/p><\/td> \n$177,572<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n$157,632<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n$123,071<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nAverage deposits<\/p><\/td> \n231,506<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n209,352<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n163,575<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nAccumulated other comprehensive loss<\/p><\/td> \n(3,345<\/p><\/td> \n)<\/p><\/td> \n\u00a0<\/p><\/td> \n(3,234<\/p><\/td> \n)<\/p><\/td> \n\u00a0<\/p><\/td> \n(3,546<\/p><\/td> \n)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNet charge-off ratio(b)<\/sup><\/i><\/p><\/td> \n0.30<\/p><\/td> \n\u00a0<\/p><\/td> \n%<\/p><\/td> \n0.37<\/p><\/td> \n\u00a0<\/p><\/td> \n%<\/p><\/td> \n0.45<\/p><\/td> \n\u00a0<\/p><\/td> \n%<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNonperforming asset ratio(c)<\/sup><\/i><\/p><\/td> \n0.60<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n0.57<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n0.72<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nFinancial Ratios<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nReturn on average assets<\/p><\/td> \n1.08<\/p><\/td> \n\u00a0<\/p><\/td> \n%<\/p><\/td> \n0.25<\/p><\/td> \n\u00a0<\/p><\/td> \n%<\/p><\/td> \n1.20<\/p><\/td> \n\u00a0<\/p><\/td> \n%<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nReturn on average common equity<\/p><\/td> \n9.5<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n1.8<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n12.8<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nReturn on average tangible common equity(a)<\/sup><\/i><\/p><\/td> \n15.6<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n3.5<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n17.6<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCET1 capital(d)<\/sup><\/i><\/p><\/td> \n9.93<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n9.89<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n10.58<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNet interest margin(a)<\/sup><\/i><\/p><\/td> \n3.36<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n3.30<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n3.12<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nEfficiency(a)<\/sup><\/i><\/p><\/td> \n64.3<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n84.5<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n56.2<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nOther than the Quarterly Financial Review tables beginning on page 14, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.<\/i><\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nFrom Tim Spence, Fifth Third Chairman, CEO and President:<\/b><\/p><\/td><\/tr>\n<\/table> \nFifth Third's second quarter was another step toward the earnings power we committed to deliver by year-end. Our core business continues to grow, with momentum across our fee businesses, led by wealth and asset management, commercial payments, and capital markets. The results were higher returns and tangible book value per share growth. Our balance sheet is well-positioned, supporting net interest margin expansion and improved credit performance.<\/i><\/p> \nThe Comerica integration remains on track. Systems conversion is scheduled for Labor Day weekend and is the final step to unlocking the full run-rate of our expected cost synergies. Revenue synergies are emerging across our expanded footprint. Our deposit campaigns in the Comerica Southwest markets delivered results above our internal targets, and end-of-period commercial loan growth was broad-based across legacy geographies and specialty verticals.<\/i><\/p> \nOur capital generation supports both reinvestment in the business and consistent returns to shareholders. Investments in deposits, payments, technology, and high-growth markets are increasingly visible in our results. We are building a Fifth Third that is not just larger, but is better and more resilient. We will continue to be guided by our operating priorities of stability, profitability, and growth \u2013 in that order.<\/i><\/p> \n\u00a0<\/p><\/td> \nIncome Statement Highlights<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n($ in millions, except per share data)<\/b><\/p><\/td> \nFor the Three Months Ended<\/p><\/td> \n\u00a0<\/p><\/td> \n% Change<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \nMarch<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2025<\/p><\/td> \n\u00a0<\/p><\/td> \nSeq<\/p><\/td> \n\u00a0<\/p><\/td> \nYr\/Yr<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCondensed Statements of Income<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNet interest income (NII)(a)<\/sup><\/i><\/p><\/td> \n$2,220<\/p><\/td> \n\u00a0<\/p><\/td> \n$1,939<\/p><\/td> \n\u00a0<\/p><\/td> \n$1,500<\/p><\/td> \n\u00a0<\/p><\/td> \n14%<\/p><\/td> \n\u00a0<\/p><\/td> \n48%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nProvision for credit losses<\/p><\/td> \n129<\/p><\/td> \n\u00a0<\/p><\/td> \n227<\/p><\/td> \n\u00a0<\/p><\/td> \n173<\/p><\/td> \n\u00a0<\/p><\/td> \n(43)%<\/p><\/td> \n\u00a0<\/p><\/td> \n(25)%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest income<\/p><\/td> \n1,059<\/p><\/td> \n\u00a0<\/p><\/td> \n895<\/p><\/td> \n\u00a0<\/p><\/td> \n750<\/p><\/td> \n\u00a0<\/p><\/td> \n18%<\/p><\/td> \n\u00a0<\/p><\/td> \n41%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest expense<\/p><\/td> \n2,109<\/p><\/td> \n\u00a0<\/p><\/td> \n2,395<\/p><\/td> \n\u00a0<\/p><\/td> \n1,264<\/p><\/td> \n\u00a0<\/p><\/td> \n(12)%<\/p><\/td> \n\u00a0<\/p><\/td> \n67%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nIncome before income taxes(a)<\/sup><\/i><\/p><\/td> \n$1,041<\/p><\/td> \n\u00a0<\/p><\/td> \n$212<\/p><\/td> \n\u00a0<\/p><\/td> \n$813<\/p><\/td> \n\u00a0<\/p><\/td> \n391%<\/p><\/td> \n\u00a0<\/p><\/td> \n28%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTaxable equivalent adjustment<\/p><\/td> \n$5<\/p><\/td> \n\u00a0<\/p><\/td> \n$5<\/p><\/td> \n\u00a0<\/p><\/td> \n$5<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nApplicable income tax expense<\/p><\/td> \n235<\/p><\/td> \n\u00a0<\/p><\/td> \n42<\/p><\/td> \n\u00a0<\/p><\/td> \n180<\/p><\/td> \n\u00a0<\/p><\/td> \n460%<\/p><\/td> \n\u00a0<\/p><\/td> \n31%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNet income<\/p><\/td> \n$801<\/p><\/td> \n\u00a0<\/p><\/td> \n$165<\/p><\/td> \n\u00a0<\/p><\/td> \n$628<\/p><\/td> \n\u00a0<\/p><\/td> \n385%<\/p><\/td> \n\u00a0<\/p><\/td> \n28%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nDividends on preferred stock<\/p><\/td> \n38<\/p><\/td> \n\u00a0<\/p><\/td> \n37<\/p><\/td> \n\u00a0<\/p><\/td> \n37<\/p><\/td> \n\u00a0<\/p><\/td> \n3%<\/p><\/td> \n\u00a0<\/p><\/td> \n3%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNet income available to common shareholders<\/p><\/td> \n$763<\/p><\/td> \n\u00a0<\/p><\/td> \n$128<\/p><\/td> \n\u00a0<\/p><\/td> \n$591<\/p><\/td> \n\u00a0<\/p><\/td> \n496%<\/p><\/td> \n\u00a0<\/p><\/td> \n29%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nEarnings per share, diluted<\/p><\/td> \n$0.83<\/p><\/td> \n\u00a0<\/p><\/td> \n$0.15<\/p><\/td> \n\u00a0<\/p><\/td> \n$0.88<\/p><\/td> \n\u00a0<\/p><\/td> \n453%<\/p><\/td> \n\u00a0<\/p><\/td> \n(6)%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nFifth Third Bancorp (NYSE: FITB) today reported second quarter 2026 net income available to common shareholders of $763 million, or $0.83 per diluted share, compared to $128 million, or $0.15 per diluted share, in the prior quarter and $591 million, or $0.88 per diluted share, in the year-ago quarter.<\/p> \nThe second quarter of 2026 marked an important milestone for Fifth Third, surpassing $300 billion in total assets and formally becoming a Category III institution. Fifth Third has been preparing for a Category III transition over multiple years through sustained investments in risk, capital, liquidity, and regulatory reporting and is well-positioned to meet all Category III requirements on or before required dates.<\/p> \n\u00a0<\/p><\/td> \nDiluted earnings per share impact of certain item(s) - 2Q26<\/b><\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n(after-tax impact; $ in millions, except per share data)<\/b><\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nMerger-related charges(e)<\/sup><\/i>1,2<\/sup><\/p><\/td> \n$(155)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nSecurities repositioning losses(e)<\/sup><\/i><\/p><\/td> \n(8)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTechnology-related asset impairments(e)<\/sup><\/i><\/p><\/td> \n(5)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nSeverance expense(e)<\/sup><\/p><\/td> \n(5)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nInterchange litigation matters(e)3<\/sup><\/i><\/p><\/td> \n(2)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nAfter-tax impact <\/sup>of certain item(s)<\/p><\/td> \n$(175)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nDiluted earnings per share impact of certain item(s)4<\/sup><\/i><\/p><\/td> \n$(0.19)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotals may not foot due to rounding; 1<\/sup>A portion of the adjustments related to merger-related expenses are not tax-deductible; 2<\/sup>Pre-tax merger-related charges increased noninterest expense by $203 million; 3<\/sup>Interchange litigation matters increased noninterest expense by $1 million and decreased noninterest income by $1 million; 4<\/sup>Diluted earnings per share impact reflects 915.959 million average diluted shares outstanding<\/i><\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n<\/table> \n\u00a0<\/p><\/td> \nNet Interest Income<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n(FTE; $ in millions)<\/b>(a)<\/sup><\/i><\/p><\/td> \nFor the Three Months Ended<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n% Change<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \nMarch<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2025<\/p><\/td> \n\u00a0<\/p><\/td> \nSeq<\/p><\/td> \n\u00a0<\/p><\/td> \nYr\/Yr<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nInterest Income<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nInterest income<\/p><\/td> \n$3,377<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,977<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,489<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n13<\/p><\/td> \n%<\/p><\/td> \n\u00a0<\/p><\/td> \n36<\/p><\/td> \n%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nInterest expense<\/p><\/td> \n1,157<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n1,038<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n989<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n11<\/p><\/td> \n%<\/p><\/td> \n\u00a0<\/p><\/td> \n17<\/p><\/td> \n%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNet interest income (NII)<\/p><\/td> \n$2,220<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n$1,939<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n$1,500<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n14<\/p><\/td> \n%<\/p><\/td> \n\u00a0<\/p><\/td> \n48<\/p><\/td> \n%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nAverage Yield\/Rate Analysis<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \nbps Change<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nYield on interest-earning assets<\/p><\/td> \n5.11%<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n5.07%<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n5.18%<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n4<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n(7<\/p><\/td> \n)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nRate paid on interest-bearing liabilities<\/p><\/td> \n2.44%<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2.44%<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2.78%<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n(34<\/p><\/td> \n)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nRatios<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNet interest rate spread<\/p><\/td> \n2.67%<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2.63%<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2.40%<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n4<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n27<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNet interest margin (NIM)<\/p><\/td> \n3.36%<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n3.30%<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n3.12%<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n6<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n24<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nNet interest income (FTE) of $2.220 billion increased 14% sequentially and 48% year-over-year. Both increases primarily reflect the addition of Comerica for a full-quarter. Organic loan production, continued fixed-rate asset repricing, and disciplined liability management also contributed to this growth. Net interest margin expanded 6 bps sequentially to 3.36% due to merger impacts, higher earning asset yields, and improved deposit pricing. Consumer deposits grew $4.6 billion as we continue to re-mix toward a more granular deposit base, which contributed to the 2 bps decrease in interest-bearing deposit costs.<\/p> \n\u00a0<\/p><\/td> \nNoninterest Income<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n($ in millions)<\/b><\/p><\/td> \nFor the Three Months Ended<\/p><\/td> \n% Change<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \nMarch<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n2026<\/p><\/td> \n2025<\/p><\/td> \nSeq<\/p><\/td> \nYr\/Yr<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest Income<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nWealth and asset management revenue<\/p><\/td> \n$256<\/p><\/td> \n$233<\/p><\/td> \n$166<\/p><\/td> \n10%<\/p><\/td> \n54%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCommercial payments revenue<\/p><\/td> \n254<\/p><\/td> \n218<\/p><\/td> \n152<\/p><\/td> \n17%<\/p><\/td> \n67%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nConsumer banking revenue<\/p><\/td> \n161<\/p><\/td> \n146<\/p><\/td> \n147<\/p><\/td> \n10%<\/p><\/td> \n10%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCapital markets fees<\/p><\/td> \n154<\/p><\/td> \n134<\/p><\/td> \n90<\/p><\/td> \n15%<\/p><\/td> \n71%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCommercial banking revenue<\/p><\/td> \n125<\/p><\/td> \n105<\/p><\/td> \n79<\/p><\/td> \n19%<\/p><\/td> \n58%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nMortgage banking net revenue<\/p><\/td> \n39<\/p><\/td> \n44<\/p><\/td> \n56<\/p><\/td> \n(11)%<\/p><\/td> \n(30)%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nOther noninterest income<\/p><\/td> \n50<\/p><\/td> \n27<\/p><\/td> \n44<\/p><\/td> \n85%<\/p><\/td> \n14%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nSecurities gains\/(losses), net<\/p><\/td> \n20<\/p><\/td> \n(12)<\/p><\/td> \n16<\/p><\/td> \nNM<\/p><\/td> \n25%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal noninterest income<\/p><\/td> \n$1,059<\/p><\/td> \n$895<\/p><\/td> \n$750<\/p><\/td> \n18%<\/p><\/td> \n41%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nNoninterest income of $1.059 billion increased $164 million, or 18% sequentially and $309 million, or 41%, year-over-year. The reported results reflect the impact of certain items in the table below, including securities gains\/losses which incorporate the mark-to-market impacts from securities tied to non-qualified deferred compensation plans, which are offset in noninterest expense. Securities repositioning losses of approximately $10 million reflect active portfolio management resulting in opportunistically repositioning $4 billion of notional short-duration securities to accelerate cash flow reinvestment, enhance net interest income and reduce down-rate risk sensitivity.<\/p> \n\u00a0<\/p><\/td> \nNoninterest Income excluding certain items<\/b><\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n($ in millions)<\/b><\/p><\/td> \nFor the Three Months Ended<\/p><\/td> \n\u00a0<\/p><\/td> \n% Change<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \nMarch<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2025<\/p><\/td> \n\u00a0<\/p><\/td> \nSeq<\/p><\/td> \n\u00a0<\/p><\/td> \nYr\/Yr<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest Income excluding certain items<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest income (U.S. GAAP)<\/p><\/td> \n$1,059<\/p><\/td> \n\u00a0<\/p><\/td> \n$895<\/p><\/td> \n\u00a0<\/p><\/td> \n$750<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nInterchange litigation matters<\/p><\/td> \n1<\/p><\/td> \n\u00a0<\/p><\/td> \n(8)<\/p><\/td> \n\u00a0<\/p><\/td> \n1<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nMerger-related charges<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n22<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nSecurities repositioning losses<\/p><\/td> \n10<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nOther securities (gains)\/losses, net<\/p><\/td> \n(30)<\/p><\/td> \n\u00a0<\/p><\/td> \n12<\/p><\/td> \n\u00a0<\/p><\/td> \n(16)<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest income excluding certain items(a)<\/sup><\/i><\/p><\/td> \n$1,040<\/p><\/td> \n\u00a0<\/p><\/td> \n$921<\/p><\/td> \n\u00a0<\/p><\/td> \n$735<\/p><\/td> \n\u00a0<\/p><\/td> \n13%<\/p><\/td> \n\u00a0<\/p><\/td> \n41%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nNoninterest income excluding certain items of $1.040 billion increased $119 million, or 13%, compared to the prior quarter and increased $305 million, or 41%, from the year-ago quarter.<\/p> \nGrowth was driven by the full-quarter contribution from Comerica and momentum across our fee businesses. Wealth and asset management revenue of $256 million benefited from higher personal asset management revenue, 8% sequential assets under management growth, and favorable market performance, partially offset by the seasonal decline in tax\u2011related revenue from first-quarter highs. Commercial payments revenue of $254 million reflected continued strength in core treasury services and Newline. Capital markets fees of $154 million were led by client financial risk management and loan syndication activity. Commercial banking revenue of $125 million was driven by higher commercial lending-related activity and mortgage banking net revenue of $39 million declined on lower gains on loan sales.<\/p> \n\u00a0<\/p><\/td> \nNoninterest Expense<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n($ in millions)<\/b><\/p><\/td> \nFor the Three Months Ended<\/p><\/td> \n% Change<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \nMarch<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n2026<\/p><\/td> \n2025<\/p><\/td> \nSeq<\/p><\/td> \nYr\/Yr<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest Expense<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCompensation and benefits<\/p><\/td> \n$1,129<\/p><\/td> \n$1,410<\/p><\/td> \n$698<\/p><\/td> \n(20)%<\/p><\/td> \n62%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTechnology and communications<\/p><\/td> \n250<\/p><\/td> \n204<\/p><\/td> \n126<\/p><\/td> \n23%<\/p><\/td> \n98%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNet occupancy expense<\/p><\/td> \n154<\/p><\/td> \n140<\/p><\/td> \n83<\/p><\/td> \n10%<\/p><\/td> \n86%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCard and processing expense<\/p><\/td> \n66<\/p><\/td> \n79<\/p><\/td> \n22<\/p><\/td> \n(16)%<\/p><\/td> \n200%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nEquipment expense<\/p><\/td> \n60<\/p><\/td> \n55<\/p><\/td> \n41<\/p><\/td> \n9%<\/p><\/td> \n46%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nLoan and lease expense<\/p><\/td> \n53<\/p><\/td> \n42<\/p><\/td> \n36<\/p><\/td> \n26%<\/p><\/td> \n47%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nMarketing expense<\/p><\/td> \n65<\/p><\/td> \n50<\/p><\/td> \n43<\/p><\/td> \n30%<\/p><\/td> \n51%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nOther noninterest expense<\/p><\/td> \n332<\/p><\/td> \n415<\/p><\/td> \n215<\/p><\/td> \n(20)%<\/p><\/td> \n54%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal noninterest expense<\/p><\/td> \n$2,109<\/p><\/td> \n$2,395<\/p><\/td> \n$1,264<\/p><\/td> \n(12)%<\/p><\/td> \n67%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nNoninterest expense of $2.109 billion decreased 12% from the prior quarter and increased 67% from the year-ago quarter. The reported results reflect the impact of certain items in the table below.<\/p> \n\u00a0<\/p><\/td> \nNoninterest Expense excluding certain item(s)<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n($ in millions)<\/b><\/p><\/td> \nFor the Three Months Ended<\/p><\/td> \n\u00a0<\/p><\/td> \n% Change<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \nMarch<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2025<\/p><\/td> \n\u00a0<\/p><\/td> \nSeq<\/p><\/td> \n\u00a0<\/p><\/td> \nYr\/Yr<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest Expense excluding certain item(s)<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest expense (U.S. GAAP)<\/p><\/td> \n$2,109<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,395<\/p><\/td> \n\u00a0<\/p><\/td> \n$1,264<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nMerger-related charges<\/p><\/td> \n(203)<\/p><\/td> \n\u00a0<\/p><\/td> \n(635)<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTechnology-related asset impairments<\/p><\/td> \n(7)<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nSeverance expense<\/p><\/td> \n(7)<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n(15)<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nInterchange litigation matters<\/p><\/td> \n(1)<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest expense excluding certain item(s)(a)<\/sup><\/i><\/p><\/td> \n$1,891<\/p><\/td> \n\u00a0<\/p><\/td> \n$1,760<\/p><\/td> \n\u00a0<\/p><\/td> \n$1,249<\/p><\/td> \n\u00a0<\/p><\/td> \n7%<\/p><\/td> \n\u00a0<\/p><\/td> \n51%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNon-qualified deferred compensation (expense)\/benefit<\/p><\/td> \n(30)<\/p><\/td> \n\u00a0<\/p><\/td> \n9<\/p><\/td> \n\u00a0<\/p><\/td> \n(16)<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nNoninterest expense excluding certain item(s) and non-qualified deferred compensation(a)<\/sup><\/i><\/p><\/td> \n$1,861<\/p><\/td> \n\u00a0<\/p><\/td> \n$1,769<\/p><\/td> \n\u00a0<\/p><\/td> \n$1,233<\/p><\/td> \n\u00a0<\/p><\/td> \n5%<\/p><\/td> \n\u00a0<\/p><\/td> \n51%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nNoninterest expense excluding certain items and non-qualified deferred compensation of $1.861 billion increased 5% sequentially and 51% year-over-year. Sequential growth reflected the full-quarter contribution from Comerica, higher technology and communications expense tied to integration activity, and elevated marketing spend supporting the Comerica deposit campaign, partially offset by lower compensation and benefits.<\/p> \nYear-to-date merger-related charges represent approximately 65% of the expected full-year total, consistent with our integration timeline.<\/p> \n\u00a0<\/p><\/td> \nAverage Interest-Earning Assets<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n($ in millions)<\/b><\/p><\/td> \nFor the Three Months Ended<\/p><\/td> \n\u00a0<\/p><\/td> \n% Change<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \nMarch<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2025<\/p><\/td> \n\u00a0<\/p><\/td> \nSeq<\/p><\/td> \n\u00a0<\/p><\/td> \nYr\/Yr<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nAverage Portfolio Loans and Leases<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCommercial loans and leases:<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCommercial and industrial loans<\/p><\/td> \n$84,967<\/p><\/td> \n\u00a0<\/p><\/td> \n$73,264<\/p><\/td> \n\u00a0<\/p><\/td> \n$54,075<\/p><\/td> \n\u00a0<\/p><\/td> \n16%<\/p><\/td> \n\u00a0<\/p><\/td> \n57%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCommercial mortgage loans<\/p><\/td> \n27,176<\/p><\/td> \n\u00a0<\/p><\/td> \n21,969<\/p><\/td> \n\u00a0<\/p><\/td> \n12,410<\/p><\/td> \n\u00a0<\/p><\/td> \n24%<\/p><\/td> \n\u00a0<\/p><\/td> \n119%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCommercial construction loans<\/p><\/td> \n8,437<\/p><\/td> \n\u00a0<\/p><\/td> \n7,278<\/p><\/td> \n\u00a0<\/p><\/td> \n5,810<\/p><\/td> \n\u00a0<\/p><\/td> \n16%<\/p><\/td> \n\u00a0<\/p><\/td> \n45%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCommercial leases<\/p><\/td> \n3,503<\/p><\/td> \n\u00a0<\/p><\/td> \n3,347<\/p><\/td> \n\u00a0<\/p><\/td> \n3,120<\/p><\/td> \n\u00a0<\/p><\/td> \n5%<\/p><\/td> \n\u00a0<\/p><\/td> \n12%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal commercial loans and leases<\/p><\/td> \n$124,083<\/p><\/td> \n\u00a0<\/p><\/td> \n$105,858<\/p><\/td> \n\u00a0<\/p><\/td> \n$75,415<\/p><\/td> \n\u00a0<\/p><\/td> \n17%<\/p><\/td> \n\u00a0<\/p><\/td> \n65%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nConsumer loans:<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nResidential mortgage loans<\/p><\/td> \n$19,626<\/p><\/td> \n\u00a0<\/p><\/td> \n$18,848<\/p><\/td> \n\u00a0<\/p><\/td> \n$17,615<\/p><\/td> \n\u00a0<\/p><\/td> \n4%<\/p><\/td> \n\u00a0<\/p><\/td> \n11%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nHome equity<\/p><\/td> \n6,830<\/p><\/td> \n\u00a0<\/p><\/td> \n6,064<\/p><\/td> \n\u00a0<\/p><\/td> \n4,383<\/p><\/td> \n\u00a0<\/p><\/td> \n13%<\/p><\/td> \n\u00a0<\/p><\/td> \n56%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nIndirect secured consumer loans<\/p><\/td> \n18,239<\/p><\/td> \n\u00a0<\/p><\/td> \n18,105<\/p><\/td> \n\u00a0<\/p><\/td> \n17,248<\/p><\/td> \n\u00a0<\/p><\/td> \n1%<\/p><\/td> \n\u00a0<\/p><\/td> \n6%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCredit card<\/p><\/td> \n1,646<\/p><\/td> \n\u00a0<\/p><\/td> \n1,659<\/p><\/td> \n\u00a0<\/p><\/td> \n1,659<\/p><\/td> \n\u00a0<\/p><\/td> \n(1)%<\/p><\/td> \n\u00a0<\/p><\/td> \n(1)%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nSolar energy installation loans<\/p><\/td> \n4,384<\/p><\/td> \n\u00a0<\/p><\/td> \n4,516<\/p><\/td> \n\u00a0<\/p><\/td> \n4,268<\/p><\/td> \n\u00a0<\/p><\/td> \n(3)%<\/p><\/td> \n\u00a0<\/p><\/td> \n3%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nOther consumer loans<\/p><\/td> \n2,764<\/p><\/td> \n\u00a0<\/p><\/td> \n2,582<\/p><\/td> \n\u00a0<\/p><\/td> \n2,483<\/p><\/td> \n\u00a0<\/p><\/td> \n7%<\/p><\/td> \n\u00a0<\/p><\/td> \n11%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal consumer loans<\/p><\/td> \n$53,489<\/p><\/td> \n\u00a0<\/p><\/td> \n$51,774<\/p><\/td> \n\u00a0<\/p><\/td> \n$47,656<\/p><\/td> \n\u00a0<\/p><\/td> \n3%<\/p><\/td> \n\u00a0<\/p><\/td> \n12%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal average portfolio loans and leases<\/p><\/td> \n$177,572<\/p><\/td> \n\u00a0<\/p><\/td> \n$157,632<\/p><\/td> \n\u00a0<\/p><\/td> \n$123,071<\/p><\/td> \n\u00a0<\/p><\/td> \n13%<\/p><\/td> \n\u00a0<\/p><\/td> \n44%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nAverage Loans and Leases Held for Sale<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCommercial loans and leases held for sale<\/p><\/td> \n$399<\/p><\/td> \n\u00a0<\/p><\/td> \n$85<\/p><\/td> \n\u00a0<\/p><\/td> \n$45<\/p><\/td> \n\u00a0<\/p><\/td> \n369%<\/p><\/td> \n\u00a0<\/p><\/td> \n787%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nConsumer loans held for sale<\/p><\/td> \n736<\/p><\/td> \n\u00a0<\/p><\/td> \n566<\/p><\/td> \n\u00a0<\/p><\/td> \n541<\/p><\/td> \n\u00a0<\/p><\/td> \n30%<\/p><\/td> \n\u00a0<\/p><\/td> \n36%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal average loans and leases held for sale<\/p><\/td> \n$1,135<\/p><\/td> \n\u00a0<\/p><\/td> \n$651<\/p><\/td> \n\u00a0<\/p><\/td> \n$586<\/p><\/td> \n\u00a0<\/p><\/td> \n74%<\/p><\/td> \n\u00a0<\/p><\/td> \n94%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal average loans and leases<\/p><\/td> \n$178,707<\/p><\/td> \n\u00a0<\/p><\/td> \n$158,283<\/p><\/td> \n\u00a0<\/p><\/td> \n$123,657<\/p><\/td> \n\u00a0<\/p><\/td> \n13%<\/p><\/td> \n\u00a0<\/p><\/td> \n45%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nSecurities (taxable and tax-exempt)<\/p><\/td> \n$67,924<\/p><\/td> \n\u00a0<\/p><\/td> \n$59,950<\/p><\/td> \n\u00a0<\/p><\/td> \n$56,243<\/p><\/td> \n\u00a0<\/p><\/td> \n13%<\/p><\/td> \n\u00a0<\/p><\/td> \n21%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nOther short-term investments<\/p><\/td> \n18,358<\/p><\/td> \n\u00a0<\/p><\/td> \n19,728<\/p><\/td> \n\u00a0<\/p><\/td> \n12,782<\/p><\/td> \n\u00a0<\/p><\/td> \n(7)%<\/p><\/td> \n\u00a0<\/p><\/td> \n44%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal average interest-earning assets<\/p><\/td> \n$264,989<\/p><\/td> \n\u00a0<\/p><\/td> \n$237,961<\/p><\/td> \n\u00a0<\/p><\/td> \n$192,682<\/p><\/td> \n\u00a0<\/p><\/td> \n11%<\/p><\/td> \n\u00a0<\/p><\/td> \n38%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nTotal average portfolio loans and leases of $178 billion increased 13% sequentially and 44% year-over-year. Growth in both periods reflected the full-quarter contribution from Comerica, as well as underlying commercial loan momentum.<\/p> \nWithin the total, average commercial portfolio loans and leases of $124 billion grew 17% sequentially and 65% year-over-year, while average consumer portfolio loans of $53 billion grew 3% sequentially and 12% year-over-year, primarily reflecting growth in residential mortgage and home equity balances.<\/p> \nAverage securities (taxable and tax-exempt; amortized cost) of $68 billion increased 13% sequentially and 21% year-over-year, reflecting the addition of Comerica's securities portfolio and ongoing reinvestment activity. Average other short-term investments (including interest-bearing cash) of $18 billion decreased 7% sequentially and increased 44% year-over-year. The sequential decline primarily reflected the continued repositioning of the Comerica securities portfolio, seasonal deposit trends and loan growth.<\/p> \n\u00a0<\/p><\/td> \nEnd of Period Interest-Earning Assets<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n($ in millions)<\/b><\/p><\/td> \nAs of<\/p><\/td> \n\u00a0<\/p><\/td> \n% Change<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \nMarch<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2025<\/p><\/td> \n\u00a0<\/p><\/td> \nSeq<\/p><\/td> \n\u00a0<\/p><\/td> \nYr\/Yr<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nEnd of Period Portfolio Loans and Leases<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal commercial loans and leases<\/p><\/td> \n$124,880<\/p><\/td> \n\u00a0<\/p><\/td> \n$122,859<\/p><\/td> \n\u00a0<\/p><\/td> \n$74,152<\/p><\/td> \n\u00a0<\/p><\/td> \n2%<\/p><\/td> \n\u00a0<\/p><\/td> \n68%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal consumer loans<\/p><\/td> \n53,648<\/p><\/td> \n\u00a0<\/p><\/td> \n53,391<\/p><\/td> \n\u00a0<\/p><\/td> \n48,244<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n11%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal portfolio loans and leases<\/p><\/td> \n$178,528<\/p><\/td> \n\u00a0<\/p><\/td> \n$176,250<\/p><\/td> \n\u00a0<\/p><\/td> \n$122,396<\/p><\/td> \n\u00a0<\/p><\/td> \n1%<\/p><\/td> \n\u00a0<\/p><\/td> \n46%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nEnd of Period Loans and Leases Held for Sale<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal loans and leases held for sale<\/p><\/td> \n$866<\/p><\/td> \n\u00a0<\/p><\/td> \n$1,365<\/p><\/td> \n\u00a0<\/p><\/td> \n$646<\/p><\/td> \n\u00a0<\/p><\/td> \n(37)%<\/p><\/td> \n\u00a0<\/p><\/td> \n34%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal loans and leases<\/p><\/td> \n$179,394<\/p><\/td> \n\u00a0<\/p><\/td> \n$177,615<\/p><\/td> \n\u00a0<\/p><\/td> \n$123,042<\/p><\/td> \n\u00a0<\/p><\/td> \n1%<\/p><\/td> \n\u00a0<\/p><\/td> \n46%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nSecurities (taxable and tax-exempt)<\/p><\/td> \n$68,332<\/p><\/td> \n\u00a0<\/p><\/td> \n$67,823<\/p><\/td> \n\u00a0<\/p><\/td> \n$55,109<\/p><\/td> \n\u00a0<\/p><\/td> \n1%<\/p><\/td> \n\u00a0<\/p><\/td> \n24%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nOther short-term investments<\/p><\/td> \n19,350<\/p><\/td> \n\u00a0<\/p><\/td> \n17,456<\/p><\/td> \n\u00a0<\/p><\/td> \n13,043<\/p><\/td> \n\u00a0<\/p><\/td> \n11%<\/p><\/td> \n\u00a0<\/p><\/td> \n48%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal interest-earning assets<\/p><\/td> \n$267,076<\/p><\/td> \n\u00a0<\/p><\/td> \n$262,894<\/p><\/td> \n\u00a0<\/p><\/td> \n$191,194<\/p><\/td> \n\u00a0<\/p><\/td> \n2%<\/p><\/td> \n\u00a0<\/p><\/td> \n40%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nPeriod-end commercial portfolio loans and leases of $125 billion increased 2% sequentially and 68% year-over-year. Sequential growth was led by C&I, reflecting strong origination activity across corporate banking and middle market, partially offset by elevated payoffs.<\/p> \nPeriod-end consumer portfolio loans of $54 billion were flat sequentially and increased 11% year-over-year. Sequentially, continued momentum in home equity and growth in residential mortgage were offset by declines in indirect secured consumer and solar energy installation balances.<\/p> \nTotal period-end securities (taxable and tax-exempt; amortized cost) of $68 billion increased 1% sequentially and 24% year-over-year. Period-end other short-term investments of $19 billion increased 11% sequentially and increased 48% year-over-year. The sequential increase primarily reflects the reversal of seasonal deposit trends experienced earlier in the quarter.<\/p> \nAverage Deposits<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n($ in millions)<\/b><\/p><\/td> \nFor the Three Months Ended<\/p><\/td> \n\u00a0<\/p><\/td> \n% Change<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \nMarch<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2025<\/p><\/td> \n\u00a0<\/p><\/td> \nSeq<\/p><\/td> \n\u00a0<\/p><\/td> \nYr\/Yr<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nAverage Deposits<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nDemand<\/p><\/td> \n$63,976<\/p><\/td> \n\u00a0<\/p><\/td> \n$55,770<\/p><\/td> \n\u00a0<\/p><\/td> \n$40,885<\/p><\/td> \n\u00a0<\/p><\/td> \n15%<\/p><\/td> \n\u00a0<\/p><\/td> \n56%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nInterest checking<\/p><\/td> \n70,507<\/p><\/td> \n\u00a0<\/p><\/td> \n67,369<\/p><\/td> \n\u00a0<\/p><\/td> \n56,738<\/p><\/td> \n\u00a0<\/p><\/td> \n5%<\/p><\/td> \n\u00a0<\/p><\/td> \n24%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nSavings<\/p><\/td> \n18,430<\/p><\/td> \n\u00a0<\/p><\/td> \n17,546<\/p><\/td> \n\u00a0<\/p><\/td> \n16,962<\/p><\/td> \n\u00a0<\/p><\/td> \n5%<\/p><\/td> \n\u00a0<\/p><\/td> \n9%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nMoney market<\/p><\/td> \n63,200<\/p><\/td> \n\u00a0<\/p><\/td> \n54,219<\/p><\/td> \n\u00a0<\/p><\/td> \n36,296<\/p><\/td> \n\u00a0<\/p><\/td> \n17%<\/p><\/td> \n\u00a0<\/p><\/td> \n74%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal transaction deposits<\/p><\/td> \n$216,113<\/p><\/td> \n\u00a0<\/p><\/td> \n$194,904<\/p><\/td> \n\u00a0<\/p><\/td> \n$150,881<\/p><\/td> \n\u00a0<\/p><\/td> \n11%<\/p><\/td> \n\u00a0<\/p><\/td> \n43%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCDs $250,000 or less<\/p><\/td> \n12,403<\/p><\/td> \n\u00a0<\/p><\/td> \n11,641<\/p><\/td> \n\u00a0<\/p><\/td> \n10,494<\/p><\/td> \n\u00a0<\/p><\/td> \n7%<\/p><\/td> \n\u00a0<\/p><\/td> \n18%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal core deposits<\/p><\/td> \n$228,516<\/p><\/td> \n\u00a0<\/p><\/td> \n$206,545<\/p><\/td> \n\u00a0<\/p><\/td> \n$161,375<\/p><\/td> \n\u00a0<\/p><\/td> \n11%<\/p><\/td> \n\u00a0<\/p><\/td> \n42%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCDs over $250,0001<\/sup><\/i><\/p><\/td> \n2,990<\/p><\/td> \n\u00a0<\/p><\/td> \n2,807<\/p><\/td> \n\u00a0<\/p><\/td> \n2,200<\/p><\/td> \n\u00a0<\/p><\/td> \n7%<\/p><\/td> \n\u00a0<\/p><\/td> \n36%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal average deposits<\/p><\/td> \n$231,506<\/p><\/td> \n\u00a0<\/p><\/td> \n$209,352<\/p><\/td> \n\u00a0<\/p><\/td> \n$163,575<\/p><\/td> \n\u00a0<\/p><\/td> \n11%<\/p><\/td> \n\u00a0<\/p><\/td> \n42%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n1<\/sup>CDs over $250,000 includes $0.1BN, $0.4BN, and $1.1BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 6\/30\/26, 3\/31\/26, and 6\/30\/25, respectively.<\/i><\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nTotal average deposits of $232 billion increased 11% sequentially and 42% year-over-year. Period-end total deposits of $234 billion were flat sequentially and up 43% year-over-year.<\/p> \nPeriod-end consumer deposits grew $4.6 billion in the quarter, supported by outperformance from the Comerica retail deposit campaign, and were largely offset by the intentional reduction of higher-cost, non-relationship commercial deposits. This mix shift is consistent with the strategy to increase granular consumer deposits.<\/p> \nThe period-end portfolio loan-to-core deposit ratio was 77%, compared to 76% in both the prior and year-ago quarters, reflecting balanced growth in loans and deposits.<\/p> \nAverage Wholesale Funding<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n($ in millions)<\/b><\/p><\/td> \nFor the Three Months Ended<\/p><\/td> \n\u00a0<\/p><\/td> \n% Change<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \nMarch<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2025<\/p><\/td> \n\u00a0<\/p><\/td> \nSeq<\/p><\/td> \n\u00a0<\/p><\/td> \nYr\/Yr<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nAverage Wholesale Funding<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nCDs over $250,0001<\/sup><\/i><\/p><\/td> \n$2,990<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,807<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,200<\/p><\/td> \n\u00a0<\/p><\/td> \n7%<\/p><\/td> \n\u00a0<\/p><\/td> \n36%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nFederal funds purchased<\/p><\/td> \n160<\/p><\/td> \n\u00a0<\/p><\/td> \n178<\/p><\/td> \n\u00a0<\/p><\/td> \n206<\/p><\/td> \n\u00a0<\/p><\/td> \n(10)%<\/p><\/td> \n\u00a0<\/p><\/td> \n(22)%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nSecurities sold under repurchase agreements<\/p><\/td> \n444<\/p><\/td> \n\u00a0<\/p><\/td> \n322<\/p><\/td> \n\u00a0<\/p><\/td> \n353<\/p><\/td> \n\u00a0<\/p><\/td> \n38%<\/p><\/td> \n\u00a0<\/p><\/td> \n26%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nFHLB advances<\/p><\/td> \n3,437<\/p><\/td> \n\u00a0<\/p><\/td> \n99<\/p><\/td> \n\u00a0<\/p><\/td> \n4,976<\/p><\/td> \n\u00a0<\/p><\/td> \nNM<\/p><\/td> \n\u00a0<\/p><\/td> \n(31)%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nDerivative collateral and other secured borrowings<\/p><\/td> \n64<\/p><\/td> \n\u00a0<\/p><\/td> \n83<\/p><\/td> \n\u00a0<\/p><\/td> \n89<\/p><\/td> \n\u00a0<\/p><\/td> \n(23)%<\/p><\/td> \n\u00a0<\/p><\/td> \n(28)%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nLong-term debt<\/p><\/td> \n18,817<\/p><\/td> \n\u00a0<\/p><\/td> \n18,062<\/p><\/td> \n\u00a0<\/p><\/td> \n14,599<\/p><\/td> \n\u00a0<\/p><\/td> \n4%<\/p><\/td> \n\u00a0<\/p><\/td> \n29%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nTotal average wholesale funding<\/p><\/td> \n$25,912<\/p><\/td> \n\u00a0<\/p><\/td> \n$21,551<\/p><\/td> \n\u00a0<\/p><\/td> \n$22,423<\/p><\/td> \n\u00a0<\/p><\/td> \n20%<\/p><\/td> \n\u00a0<\/p><\/td> \n16%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n1<\/sup>CDs over $250,000 includes $0.1BN, $0.4BN, and $1.1BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 6\/30\/26, 3\/31\/26, and 6\/30\/25, respectively.<\/i><\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nAverage wholesale funding of $26 billion increased 20% sequentially, driven primarily by a $3.3 billion increase in short-term FHLB advances used to bridge the seasonal trough in commercial deposit balances.<\/p> \nCompared to the year-ago quarter, average wholesale funding increased 16%, driven by a $4.2 billion increase in long-term debt associated with the Comerica acquisition, partially offset by a $1.5 billion decline in FHLB advances as strong deposit growth reduced the reliance on wholesale funding.<\/p> \nCredit Quality Summary<\/b><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n($ in millions)<\/b><\/p><\/td> \nAs of and For the Three Months Ended<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \nJune<\/p><\/td> \n\u00a0<\/p><\/td> \nMarch<\/p><\/td> \n\u00a0<\/p><\/td> \nDecember<\/p><\/td> \n\u00a0<\/p><\/td> \nSeptember<\/p><\/td> \n\u00a0<\/p><\/td> \nJune<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2026<\/p><\/td> \n\u00a0<\/p><\/td> \n2025<\/p><\/td> \n\u00a0<\/p><\/td> \n2025<\/p><\/td> \n\u00a0<\/p><\/td> \n2025<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nTotal nonaccrual portfolio loans and leases (NPLs)<\/p><\/td> \n$1,041<\/p><\/td> \n\u00a0<\/p><\/td> \n$960<\/p><\/td> \n\u00a0<\/p><\/td> \n$767<\/p><\/td> \n\u00a0<\/p><\/td> \n$768<\/p><\/td> \n\u00a0<\/p><\/td> \n$853<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nRepossessed property<\/p><\/td> \n10<\/p><\/td> \n\u00a0<\/p><\/td> \n11<\/p><\/td> \n\u00a0<\/p><\/td> \n11<\/p><\/td> \n\u00a0<\/p><\/td> \n12<\/p><\/td> \n\u00a0<\/p><\/td> \n8<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nOREO<\/p><\/td> \n24<\/p><\/td> \n\u00a0<\/p><\/td> \n28<\/p><\/td> \n\u00a0<\/p><\/td> \n19<\/p><\/td> \n\u00a0<\/p><\/td> \n21<\/p><\/td> \n\u00a0<\/p><\/td> \n25<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nTotal nonperforming portfolio loans and leases and OREO (NPAs)<\/p><\/td> \n$1,075<\/p><\/td> \n\u00a0<\/p><\/td> \n$999<\/p><\/td> \n\u00a0<\/p><\/td> \n$797<\/p><\/td> \n\u00a0<\/p><\/td> \n$801<\/p><\/td> \n\u00a0<\/p><\/td> \n$886<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nNPL ratio(f)<\/sup><\/i><\/p><\/td> \n0.58%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.54%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.62%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.62%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.70%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nNPA ratio(c)<\/sup><\/i><\/p><\/td> \n0.60%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.57%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.65%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.65%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.72%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nPortfolio loans and leases 30-89 days past due (accrual)<\/p><\/td> \n$561<\/p><\/td> \n\u00a0<\/p><\/td> \n$683<\/p><\/td> \n\u00a0<\/p><\/td> \n$360<\/p><\/td> \n\u00a0<\/p><\/td> \n$348<\/p><\/td> \n\u00a0<\/p><\/td> \n$277<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nPortfolio loans and leases 90 days past due (accrual)<\/p><\/td> \n33<\/p><\/td> \n\u00a0<\/p><\/td> \n49<\/p><\/td> \n\u00a0<\/p><\/td> \n30<\/p><\/td> \n\u00a0<\/p><\/td> \n29<\/p><\/td> \n\u00a0<\/p><\/td> \n34<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n30-89 days past due as a % of portfolio loans and leases<\/p><\/td> \n0.31%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.39%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.29%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.28%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.23%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n90 days past due as a % of portfolio loans and leases<\/p><\/td> \n0.02%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.03%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.02%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.02%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.03%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nAllowance for loan and lease losses (ALLL), beginning<\/p><\/td> \n$2,922<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,253<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,265<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,412<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,384<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nTotal net losses charged-off<\/p><\/td> \n(135)<\/p><\/td> \n\u00a0<\/p><\/td> \n(144)<\/p><\/td> \n\u00a0<\/p><\/td> \n(125)<\/p><\/td> \n\u00a0<\/p><\/td> \n(339)<\/p><\/td> \n\u00a0<\/p><\/td> \n(139)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nProvision for loan and lease losses<\/p><\/td> \n131<\/p><\/td> \n\u00a0<\/p><\/td> \n152<\/p><\/td> \n\u00a0<\/p><\/td> \n113<\/p><\/td> \n\u00a0<\/p><\/td> \n192<\/p><\/td> \n\u00a0<\/p><\/td> \n167<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nAllowance on PCD loans and leases at acquisition<\/p><\/td> \n(1)<\/p><\/td> \n\u00a0<\/p><\/td> \n180<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nAllowance on PSLs at acquisition<\/p><\/td> \n1<\/p><\/td> \n\u00a0<\/p><\/td> \n481<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td> \n\u2014<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nALLL, ending<\/p><\/td> \n$2,918<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,922<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,253<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,265<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,412<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nReserve for unfunded commitments, beginning<\/p><\/td> \n$232<\/p><\/td> \n\u00a0<\/p><\/td> \n$157<\/p><\/td> \n\u00a0<\/p><\/td> \n$151<\/p><\/td> \n\u00a0<\/p><\/td> \n$146<\/p><\/td> \n\u00a0<\/p><\/td> \n$140<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n(Benefit from) provision for the reserve for unfunded commitments<\/p><\/td> \n(2)<\/p><\/td> \n\u00a0<\/p><\/td> \n75<\/p><\/td> \n\u00a0<\/p><\/td> \n6<\/p><\/td> \n\u00a0<\/p><\/td> \n5<\/p><\/td> \n\u00a0<\/p><\/td> \n6<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nReserve for unfunded commitments, ending<\/p><\/td> \n$230<\/p><\/td> \n\u00a0<\/p><\/td> \n$232<\/p><\/td> \n\u00a0<\/p><\/td> \n$157<\/p><\/td> \n\u00a0<\/p><\/td> \n$151<\/p><\/td> \n\u00a0<\/p><\/td> \n$146<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nTotal allowance for credit losses (ACL)<\/p><\/td> \n$3,148<\/p><\/td> \n\u00a0<\/p><\/td> \n$3,154<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,410<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,416<\/p><\/td> \n\u00a0<\/p><\/td> \n$2,558<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nACL ratios:<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nAs a % of portfolio loans and leases<\/p><\/td> \n1.76%<\/p><\/td> \n\u00a0<\/p><\/td> \n1.79%<\/p><\/td> \n\u00a0<\/p><\/td> \n1.96%<\/p><\/td> \n\u00a0<\/p><\/td> \n1.96%<\/p><\/td> \n\u00a0<\/p><\/td> \n2.09%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nAs a % of nonperforming portfolio loans and leases<\/p><\/td> \n303%<\/p><\/td> \n\u00a0<\/p><\/td> \n328%<\/p><\/td> \n\u00a0<\/p><\/td> \n314%<\/p><\/td> \n\u00a0<\/p><\/td> \n314%<\/p><\/td> \n\u00a0<\/p><\/td> \n300%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nAs a % of nonperforming portfolio assets<\/p><\/td> \n293%<\/p><\/td> \n\u00a0<\/p><\/td> \n316%<\/p><\/td> \n\u00a0<\/p><\/td> \n302%<\/p><\/td> \n\u00a0<\/p><\/td> \n302%<\/p><\/td> \n\u00a0<\/p><\/td> \n289%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nALLL as a % of portfolio loans and leases<\/p><\/td> \n1.63%<\/p><\/td> \n\u00a0<\/p><\/td> \n1.66%<\/p><\/td> \n\u00a0<\/p><\/td> \n1.84%<\/p><\/td> \n\u00a0<\/p><\/td> \n1.84%<\/p><\/td> \n\u00a0<\/p><\/td> \n1.97%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nTotal losses charged-off<\/p><\/td> \n$(181)<\/p><\/td> \n\u00a0<\/p><\/td> \n$(187)<\/p><\/td> \n\u00a0<\/p><\/td> \n$(177)<\/p><\/td> \n\u00a0<\/p><\/td> \n$(382)<\/p><\/td> \n\u00a0<\/p><\/td> \n$(194)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nTotal recoveries of losses previously charged-off<\/p><\/td> \n46<\/p><\/td> \n\u00a0<\/p><\/td> \n43<\/p><\/td> \n\u00a0<\/p><\/td> \n52<\/p><\/td> \n\u00a0<\/p><\/td> \n43<\/p><\/td> \n\u00a0<\/p><\/td> \n55<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nTotal net losses charged-off1<\/sup><\/i><\/p><\/td> \n$(135)<\/p><\/td> \n\u00a0<\/p><\/td> \n$(144)<\/p><\/td> \n\u00a0<\/p><\/td> \n$(125)<\/p><\/td> \n\u00a0<\/p><\/td> \n$(339)<\/p><\/td> \n\u00a0<\/p><\/td> \n$(139)<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nNet charge-off ratio (NCO ratio)(b)1<\/sup><\/i><\/p><\/td> \n0.30%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.37%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.40%<\/p><\/td> \n\u00a0<\/p><\/td> \n1.09%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.45%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nCommercial NCO ratio<\/p><\/td> \n0.21%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.26%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.27%<\/p><\/td> \n\u00a0<\/p><\/td> \n1.46%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.38%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \nConsumer NCO ratio<\/p><\/td> \n0.53%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.58%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.59%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.52%<\/p><\/td> \n\u00a0<\/p><\/td> \n0.56%<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n \n1<\/sup>Excludes net charge-offs of $111 million which were taken immediately at the time of acquisition.<\/i><\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td> \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nThe provision for credit losses totaled $129 million in the current quarter, down from $227 million in the prior quarter, which included an $83 million Day 1 allowance build associated with the Comerica acquisition. The ACL ratio was 1.76% of total portfolio loans and leases at quarter end, down 3 bps sequentially and 33 bps year-over-year, primarily reflecting the addition of Comerica's portfolio mix and continued strong credit performance. The ACL coverage ratio remained strong at 303% of nonperforming portfolio loans and leases and 293% of nonperforming portfolio assets.<\/p> \nNet charge-offs totaled $135 million, and the NCO ratio improved 7 bps sequentially to 0.30%, the lowest level since the second quarter of 2023.<\/p> |