2025 Third-Quarter Highlights:
Earnings per common share (EPS) for the quarter was $0.41, higher by $0.07 from the prior quarter, and $0.08 higher than the year-ago quarter. Excluding the after-tax impact of Notable Items, EPS was higher by $0.05 from the prior quarter and $0.07 from the year-ago quarter.
Net interest income increased $39 million, or 3%, from the prior quarter, and $155 million, or 11%, from the year-ago quarter.
Noninterest income increased $157 million, or 33%, from the prior quarter, to $628 million. From the year-ago quarter, noninterest income increased $105 million, or 20%. Excluding the gain on the sale of a portion of our corporate trust and custody business, impact of credit risk transfer transactions, and the impact from the prior quarter securities repositioning, noninterest income increased $72 million, or 13%, from the prior quarter and $75 million, or 14%, from the year-ago quarter.
Average total loans and leases increased $2.8 billion, or 2%, from the prior quarter to $135.9 billion, and increased $11.4 billion, or 9%, from the year-ago quarter.
Average commercial loans grew $2.0 billion, or 3%, from the prior quarter and $8.5 billion, or 12%, from the year-ago quarter.
Average consumer loans grew $794 million, or 1%, from the prior quarter and $2.9 billion, or 5%, from the year-ago quarter.
Average total deposits increased $1.4 billion, or 1%, from the prior quarter and $8.3 billion, or 5%, from the year-ago quarter.
Net charge-offs of 0.22% of average total loans and leases for the quarter, 2 basis points higher than the prior quarter.
Nonperforming asset ratio of 0.60% at quarter end, 3 basis points lower than the prior quarter.
Allowance for credit losses (ACL) of $2.6 billion, or 1.86% of total loans and leases, at quarter end, an increase of $47 million from the prior quarter.
Common Equity Tier 1 (CET1) risk-based capital ratio was 10.6%, at September 30, 2025, compared to 10.5% in the prior quarter. Adjusted Common Equity Tier 1, including the impact of AOCI excluding ...
