Overview

• Total revenue rose 9% to $5.081 billion, a record, with EPS of $1.88 and net income of $1.33 billion, topping analyst estimates.
• Net interest income increased 18% and fee revenue grew 7%, net interest margin improved to 1.31%, and provisions produced a $7 million reserve release.
• Average deposits reached $299.3 billion and average loans $72.69 billion, both up 5% year over year.
• Year-to-date shareholder returns totaled $1.2 billion via dividends and buybacks, with a CET1 ratio of 11.7%, LCR of 112% and NSFR of 130%.
• Management reported early benefits from a platforms operating model and the Eliza enterprise AI rollout, highlighted positive operating leverage, and noted AUC/A of $57.8 trillion and AUM of $2.1 trillion.