<\/p>\n
Minneapolis-based Processing Content<\/p>\n Earnings per share of $1.18 were up 15% year over year, exceeding investor expectations by four cents, according to S&P Capital IQ. Net revenue of $7.29 billion increased 4.7%.<\/p>\n “These results demonstrate continued execution within our medium-term financial target ranges and strong momentum across the franchise,” CEO Gunjan Kedia said in a press release. “With disciplined risk management and consistent execution, we are positioned to deliver sustainable returns and long-term value.” <\/p>\n The $701 billion-asset company reported first-quarter net income of $1.95 billion. Loans increased by 5%, and noninterest income rose by 5.7%.<\/p>\n Capital markets revenue totaled $377 million, up 29% from the previous-year first quarter. Other regional and money center banks, including Capital Markets revenue at Revenue generated by Boosted by the growth in loans, net interest income totaled $4.3 billion, a 4.1% increase from 2025’s first quarter. Deposits also increased, climbing 3% year-over-year to $528.2 billion on March 31.<\/p>\n Though “Disciplined expense management has become foundational to how we operate,” Stern said.<\/p>\n While first-quarter net charge-offs of $546 million were virtually level with the 2025 figure, nonperforming loans declined 11.5%, totaling $1.53 billion on March 31.<\/p>\n “Credit quality remained stable, underscoring our clients’ resilience in an uncertain environment,” Small businesses currently generate about 9% of the bank’s revenue and represent “a compelling long-term opportunity for us,” Kedia said. Partnering with Amazon should “meaningfully expand our small business relationships,” she added.<\/p>\n<\/div>\n