Hi Scott! We have checked this with our data source, and according to them, the net loss of $4.3 billion in the second quarter of 2025 and $2.9 billion in the first six months of 2025, compared to net income of $597 million in the second quarter of 2024 and $1.9 billion in the first six months of 2024, was primarily driven by:

Higher provision for credit losses, primarily driven by the initial allowance for credit losses for non-purchased credit deteriorated (“non-PCD”) loans acquired in the Transaction.

Higher non-interest expense, primarily driven by impacts from the Transaction, including integration expenses, as well as continued investment in technology.

They confirmed that the total revenue is accurate, as it was collected based on the company-reported financials. The significant difference is due to the higher provision for credit losses.

Hi Scott! Thanks for letting us know.

We will investigate this and get back to you.