---
title: "Alerian MLP Index ETN | 10-Q: FY2026 Q1 Revenue: USD 49.84 B"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284937042.md"
datetime: "2026-05-01T20:28:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284937042.md)
  - [en](https://longbridge.com/en/news/284937042.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284937042.md)
---

# Alerian MLP Index ETN | 10-Q: FY2026 Q1 Revenue: USD 49.84 B

Revenue: As of FY2026 Q1, the actual value is USD 49.84 B.

EPS: As of FY2026 Q1, the actual value is USD 5.94.

#### Firmwide Overview (Three months ended March 31, 2026 vs. March 31, 2025)

-   **Net Income**: $16.5 billion, an increase of 13% compared to $14.643 billion in the prior year.
-   **Total Net Revenue**: $49.8 billion, an increase of 10% compared to $45.310 billion in the prior year.
    -   Net Interest Income (NII): $25.4 billion, an increase of 9%.
    -   NII excluding Markets: $23.3 billion, an increase of 3%.
    -   Noninterest Revenue (NIR): $24.5 billion, an increase of 11%.
-   **Total Noninterest Expense**: $26.9 billion, an increase of 14% compared to $23.597 billion in the prior year.
-   **Pre-provision Profit**: $23.0 billion, an increase of 6% compared to $21.713 billion in the prior year.
-   **Provision for Credit Losses**: $2.5 billion, a decrease of -24% compared to $3.305 billion in the prior year.
-   **Net Charge-offs**: $2.3 billion, a decrease of $16 million.
-   **Net Addition to Allowance for Credit Losses**: $191 million.
-   **Total Allowance for Credit Losses**: $31.4 billion as of March 31, 2026.
-   **Allowance for Loan Losses to Retained Loans Coverage Ratio**: 1.82% as of March 31, 2026, down from 1.94% in the prior year.
-   **Nonperforming Assets**: $10.0 billion as of March 31, 2026, an increase of 10%.
-   **Return on Common Equity (ROE)**: 19%.
-   **Return on Tangible Common Equity (ROTCE)**: 23%.
-   **Overhead Ratio**: 54%.
-   **Firmwide Average Loans**: $1.5 trillion, an increase of 11%.
-   **Firmwide Average Deposits**: $2.6 trillion, an increase of 7%.
-   **Tangible Book Value Per Share (TBVPS)**: $108.87, an increase of 8%.
-   **Common Equity Tier 1 (CET1) Capital Ratio – Standardized**: 14.3%.
-   **Supplementary Leverage Ratio (SLR)**: 5.6%.

#### Consumer & Community Banking (CCB) (Three months ended March 31, 2026 vs. March 31, 2025)

-   **Net Income**: $5.0 billion, an increase of 12%.
-   **Total Net Revenue**: $19.6 billion, an increase of 7%.
    -   Net Interest Income: $14.7 billion, an increase of 4%, primarily from higher Card Services NII.
    -   Noninterest Revenue: $4.8 billion, an increase of 16%.
        -   Lending- and deposit-related fees: $947 million, an increase of 13%.
        -   Asset Management Fees: $1.3 billion, an increase of 19%.
        -   Mortgage Fees and Related Income: $303 million, an increase of 15%.
        -   Card Income: $592 million, a decrease of 9%.
        -   Other Income: $1.7 billion, an increase of 27%, including operating lease income of $1.2 billion (up from $824 million).
-   **Total Noninterest Expense**: $11.0 billion, an increase of 11%.
    -   Compensation Expense: $4.6 billion, an increase of 6%.
    -   Noncompensation Expense: $6.4 billion, an increase of 16%, including depreciation expense on leased assets of $756 million (up from $499 million).
-   **Provision for Credit Losses**: $2.1 billion, a decrease of -22%.
-   **Net Charge-offs**: $2.2 billion, an increase of $41 million, primarily in Card Services.
-   **Net Reduction in Allowance for Credit Losses**: $145 million.
-   **Return on Equity (ROE)**: 32%.
-   **Overhead Ratio**: 56%.
-   **Average Deposits**: $1,075.951 billion, an increase of 2%.
-   **Average Loans**: $582.828 billion, an increase of 1%.
    -   Card Services Average Loans: $239.153 billion, an increase of 7%.
-   **Card Services Net Charge-off Rate**: 3.47%.
-   **Debit and Credit Card Sales Volume**: $487.6 billion, an increase of 9%.
-   **Active Mobile Customers**: 62,960 thousand, an increase of 7%.

#### Commercial & Investment Bank (CIB) (Three months ended March 31, 2026 vs. March 31, 2025)

-   **Net Income**: $9.0 billion, an increase of 30%.
-   **Total Net Revenue**: $23.4 billion, an increase of 19%.
    -   Investment Banking Revenue: $3.1 billion, an increase of 38%.
        -   Advisory Fees: $1.3 billion, an increase of 82%.
        -   Equity Underwriting Fees: $472 million, an increase of 46%.
        -   Debt Underwriting Fees: $1.1 billion, a decrease of -7%.
    -   Payments Revenue: $5.1 billion, an increase of 12%.
    -   Lending Revenue: $2.2 billion, an increase of 13%.
    -   Markets Revenue: $11.6 billion, an increase of 20%.
        -   Fixed Income Markets Revenue: $7.1 billion, an increase of 21%.
        -   Equity Markets Revenue: $4.5 billion, an increase of 17%.
    -   Securities Services Revenue: $1.5 billion, an increase of 18%.
    -   Credit Adjustments & Other: - $104 million, compared to - $20 million in the prior year.
-   **Total Noninterest Expense**: $11.1 billion, an increase of 13%.
-   **Provision for Credit Losses**: $482 million, a decrease of -32%.
-   **Net Addition to Allowance for Credit Losses**: $362 million.
-   **Net Charge-offs**: $120 million.
-   **Return on Equity (ROE)**: 21%.
-   **Overhead Ratio**: 48%.
-   **Average Loans**: $632.339 billion, an increase of 20%.
    -   Average Banking & Payments Loans: $374.017 billion, an increase of 10%.
-   **Average Client Deposits**: $1,234.295 billion, an increase of 12%.

#### Asset & Wealth Management (AWM) (Three months ended March 31, 2026 vs. March 31, 2025)

-   **Net Income**: $1.8 billion, an increase of 12%.
-   **Total Net Revenue**: $6.4 billion, an increase of 11%.
-   **Total Noninterest Expense**: $4.2 billion, an increase of 12%.
-   **Provision for Credit Losses**: - $24 million, compared to - $10 million in the prior year.
-   **Return on Equity (ROE)**: 44%.
-   **Assets Under Management (AUM)**: $4.8 trillion, an increase of 16%.
-   **Average Loans**: up 15% year-over-year and 3% quarter-over-quarter.
-   **Average Deposits**: up 4% year-over-year and 3% quarter-over-quarter.

#### Corporate (Three months ended March 31, 2026 vs. March 31, 2025)

-   **Net Income**: $699 million, a decrease of -59%.
-   **Total Net Revenue**: $1.2 billion, a decrease of -47%.
-   **Total Noninterest Expense**: $568 million, an increase of 207%.
-   **Provision for Credit Losses**: - $1 million, compared to - $19 million in the prior year.

#### Outlook/Guidance (Full-year 2026)

Management anticipates full-year 2026 net interest income to be approximately $103 billion, with net interest income excluding Markets at about $95 billion, both subject to market conditions. Adjusted expense is projected to be approximately $105 billion, also dependent on market factors. The net charge-off rate in Card Services is expected to be approximately 3.4%.

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