Overview
- Earnings came in at $4.67 per share with net income available to common shareholders of $718 million.
- Net interest income rose nearly 3% to $1.78 billion as the net interest margin widened to 3.69%.
- Noninterest income increased about 6% to $696 million, led by a 32% jump in mortgage banking revenue.
- Provision for credit losses was $125 million, nonaccrual loans fell to $1.25 billion, and management cited the strongest asset quality in decades.
- Guidance calls for 2026 net interest income of $7.2 billion to $7.35 billion, alongside continued capital returns including $507 million of buybacks and $269 million in dividends.