Overview
- The bank reported fourth-quarter net income available to common shareholders of $718 million, or $4.67 per share.
- Net interest income rose nearly 3% to $1.78 billion as net interest margin improved to 3.69%.
- Noninterest income increased about 6% to $696 million, with mortgage banking revenue up 32%.
- Provisions for credit losses were $125 million, down from $140 million a year earlier, with nonaccrual loans reportedly at $1.25 billion and the allowance at 1.53% of loans.
- Management projected 2026 net interest income of $7.2 billion to $7.35 billion, roughly in line with LSEG’s $7.27 billion consensus, and reported $507 million in buybacks plus $269 million in dividends during the quarter.