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Deposits and Borrowings (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Components of Deposits, Short-Term Borrowings and Long-Term Debt

The following tables summarize the components of our deposits, short-term borrowings and long-term debt as of September 30, 2025 and December 31, 2024. The carrying value presented below for these borrowings includes any unamortized debt premiums and discounts, net of debt issuance costs and fair value hedge accounting adjustments.

Table 8.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt

(Dollars in millions)						September 30, 2025						December 31, 2024
Deposits:
Non-interest bearing deposits						$	27,649					$	26,122
Interest-bearing deposits(1)						441,136						336,585
Total deposits						$	468,785					$	362,707
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase						$	616					$	562
Total short-term borrowings						$	616					$	562

						September 30, 2025																								December 31, 2024
(Dollars in millions)						Maturity Dates						Stated Interest Rates						Weighted-Average Interest Rate						Carrying Value						Carrying Value
Long-term debt:
Securitized debt obligations						2025 - 2030						1.03% - 5.82%						3.78%						$	13,642					$	14,264
Senior and subordinated notes:
Fixed unsecured senior debt(2)						2025-2036						1.65 - 7.96						5.04						31,984						26,930
Fixed unsecured subordinated debt						2026-2036						2.36 - 6.18						4.59						4,678						3,766
Total senior and subordinated notes																								36,662						30,696
Other long-term borrowings
FHLB advances						2030						4.77 - 4.82						4.82						538						0
Finance lease liabilities						2025 - 2030						3.74 - 9.91						5.64						24						29
Total other long-term borrowings																								$	562					$	29
Total long-term debt																								$	50,866					$	44,989
Total short-term borrowings and long-term debt																								$	51,482					$	45,551

__________

(1)Some customers have time deposits in excess of the federal deposit insurance limit, making a portion of the deposit uninsured. As of September 30, 2025, the total time deposit amount with some portion in excess of the insured amount was $16.9 billion and the portion of total time deposits estimated to be uninsured was $13.7 billion. As of December 31, 2024, the total time deposit amount with some portion in excess of the insured amount was $15.2 billion and the portion of total time deposits estimated to be uninsured was $10.1 billion.

(2)Includes $543 million and $473 million of Euro (“EUR”) denominated unsecured notes as of September 30, 2025 and December 31, 2024, respectively.

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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