During Q1 2025, the Bancorp entered into and settled an accelerated share repurchase transaction in the amount of $225 million. This indicates a continued focus on returning capital to shareholders.

The Bank issued and sold $700 million of fixed-rate/floating-rate senior notes and $300 million of floating-rate senior notes, both due in January 2028. This reflects ongoing capital management and funding activities.

The 10-Q states that there have been no material changes made during the first quarter of 2025 to any of the risk factors as previously disclosed in the Bancorp's Annual Report on Form 10-K for the year ended December 31, 2024.

The provision for credit losses increased due to higher period-end loan and lease balances and deterioration in the economic forecasts used to calculate the ACL. This indicates heightened awareness of potential economic headwinds.

Net interest margin on an FTE basis was 3.03% for the three months ended March 31, 2025 compared to 2.86% for the same period in the prior year. Net interest margin results are expected to modestly increase over the next several quarters driven by loan growth, fixed-rate asset repricing and continued liability cost management.

Net interest margin results are expected to modestly increase over the next several quarters driven by loan growth, fixed-rate asset repricing and continued liability cost management, assuming that the FOMC continues its easing cycle. However, net interest margin may be negatively impacted by increased deposit competition or higher levels of cash and other short-term investments.