Dollars in millions, except per share data
			Three Months Ended												Year Ended December 31,
Summary Financial Data & Key Metrics			December 31, 2023			September 30, 2023			December 31, 2022						2023			2022
Results of Operations:
Net interest income			$	1,911		$	1,990		$	802					$	6,712		$	2,946
Provision for credit losses			249			192			79						1,375			645
Net interest income after provision for credit losses			1,662			1,798			723						5,337			2,301
Noninterest income			543			615			429						12,075			2,136
Noninterest expense			1,492			1,416			760						5,335			3,075
Income before income taxes			713			997			392						12,077			1,362
Income tax expense			199			245			135						611			264
Net income			514			752			257						11,466			1,098
Preferred stock dividends			15			15			14						59			50
Net income available to common stockholders			$	499		$	737		$	243					$	11,407		$	1,048
Adjusted net income available to common stockholders(1)			$	678		$	813		$	306					$	2,548		$	1,201
Pre-tax, pre-provision net revenue (PPNR)(1)			$	962		$	1,189		$	471					$	13,452		$	2,007
Per Share Information:
Diluted earnings per common share (EPS)			$	34.33		$	50.67		$	16.67					$	784.51		$	67.40
Adjusted diluted earnings per common share (EPS)(1)			46.58			55.92			20.94						175.22			77.24
Book value per common share at period end			1,403.12			1,343.52			605.36
Tangible book value per common share (TBV)(1) at period end			1,357.77			1,297.00			571.89
Key Performance Metrics:
Return on average assets (ROA)			0.95		%	1.41		%	0.93		%				5.90		%	1.01		%
Adjusted ROA(1)			1.28			1.55			1.15						1.34			1.15
PPNR ROA(1)			1.78			2.23			1.70						6.92			1.84
Adjusted PPNR ROA(1)			2.27			2.48			1.81						2.19			1.64
Return on average common equity (ROE)			9.97			15.20			11.05						66.88			11.15
Adjusted ROE(1)			13.53			16.77			13.89						14.94			12.78
Return on average tangible common equity (ROTCE)(1)			10.32			15.76			11.70						69.50			11.78
Adjusted ROTCE(1)			14.00			17.39			14.71						15.52			13.50
Efficiency ratio			60.80			54.34			61.74						28.40			60.50
Adjusted efficiency ratio(1)			48.00			46.04			54.08						49.33			56.40
Net interest margin (NIM)(2)			3.86			4.07			3.39						3.92			3.16
Select Balance Sheet Items at Period End:
Total investment securities			$	29,999		$	26,818		$	19,369
Total loans and leases			133,302			133,202			70,781
Total operating lease equipment, net			8,746			8,661			8,156
Total deposits			145,854			146,233			89,408
Total borrowings			37,654			37,712			6,645
Loan to deposit ratio			91.39		%	91.09		%	79.17		%
Noninterest-bearing deposits to total deposits			27.29			29.50			27.87
Capital Ratios at Period End: (3)
Total risk-based capital ratio			15.74		%	15.64		%	13.18		%
Tier 1 risk-based capital ratio			13.94			13.83			11.06
Common equity Tier 1 ratio			13.36			13.24			10.08
Tier 1 leverage capital ratio			9.83			9.73			8.99
Asset Quality at Period End:
Nonaccrual loans to total loans and leases			0.73		%	0.68		%	0.89		%
Allowance for loan and lease losses (ALLL) to loans and leases			1.31			1.26			1.30
Net charge-off ratio for the period			0.53			0.53			0.14						0.47			0.12
(1) Denotes a non-GAAP measure. Refer to the non-GAAP reconciliation subsequently included in these materials for a reconciliation to the most directly comparable GAAP measure. “Adjusted” items exclude the impact of Notable Items.
(2) Calculated net of average credit balances and deposits of factoring clients.
(3) Capital ratios as of the current quarter-end are preliminary pending completion of quarterly regulatory filings.

Dollars in millions, except share and per share data
						Three Months Ended												Year Ended December 31,
Income Statement (unaudited)						December 31, 2023			September 30, 2023			December 31, 2022						2023			2022
Interest income
Interest and fees on loans						$	2,391		$	2,426		$	892					$	8,187		$	2,953
Interest on investment securities						241			180			92						648			354
Interest on deposits at banks						485			504			56						1,556			106
Total interest income						3,117			3,110			1,040						10,391			3,413
Interest expense
Deposits						865			769			176						2,497			335
Borrowings						341			351			62						1,182			132
Total interest expense						1,206			1,120			238						3,679			467
Net interest income						1,911			1,990			802						6,712			2,946
Provision for credit losses						249			192			79						1,375			645
Net interest income after provision for credit losses						1,662			1,798			723						5,337			2,301
Noninterest income
Rental income on operating lease equipment						252			248			224						971			864
Fee income and other service charges						80			71			43						268			155
Client investment fees						51			52			—						157			—
Wealth management services						48			49			35						188			142
International fees						30			30			3						93			10
Service charges on deposit accounts						44			44			22						156			98
Factoring commissions						22			21			26						82			104
Cardholder services, net						36			41			26						139			102
Merchant services, net						12			12			8						48			35
Insurance commissions						14			13			13						54			47
Realized loss on sale of investment securities available for sale, net						—			(12)			—						(26)			—
Fair value adjustment on marketable equity securities, net						9			(1)			2						(11)			(3)
Bank-owned life insurance						—			1			7						8			32
Gain on sale of leasing equipment, net						2			10			2						20			15
Gain on acquisition						(83)			12			—						9,808			431
Gain on extinguishment of debt						—			—			—						—			7
Other noninterest income						26			24			18						120			97
Total noninterest income						543			615			429						12,075			2,136
Noninterest expense
Depreciation on operating lease equipment						96			95			88						371			345
Maintenance and other operating lease expenses						59			51			47						222			189
Salaries and benefits						714			727			354						2,636			1,408
Net occupancy expense						65			65			48						244			191
Equipment expense						114			117			55						422			216
Professional fees						29			12			11						73			45
Third-party processing fees						65			54			26						203			103
FDIC insurance expense						82			36			5						158			31
Marketing expense						24			22			21						102			53
Acquisition-related expenses						116			121			29						470			231
Intangible asset amortization						17			17			6						57			23
Other noninterest expense						111			99			70						377			240
Total noninterest expense						1,492			1,416			760						5,335			3,075
Income before income taxes						713			997			392						12,077			1,362
Income tax expense						199			245			135						611			264
Net income						$	514		$	752		$	257					$	11,466		$	1,098
Preferred stock dividends						15			15			14						59			50
Net income available to common stockholders						$	499		$	737		$	243					$	11,407		$	1,048
Basic earnings per common share						$	34.36		$	50.71		$	16.69					$	785.14		$	67.47
Diluted earnings per common share						$	34.33		$	50.67		$	16.67					$	784.51		$	67.40
Weighted average common shares outstanding (basic)						14,528,447			14,528,310			14,590,387						14,527,902			15,531,924
Weighted average common shares outstanding (diluted)						14,539,838			14,539,133			14,607,426						14,539,613			15,549,944

Dollars in millions
Balance Sheet (unaudited)						December 31, 2023			September 30, 2023			December 31, 2022
Assets
Cash and due from banks						$	908		$	791		$	518
Interest-earning deposits at banks						33,609			36,704			5,025
Securities purchased under agreements to resell						473			549			—
Investment in marketable equity securities						84			75			95
Investment securities available for sale						19,936			16,661			8,995
Investment securities held to maturity						9,979			10,082			10,279
Assets held for sale						76			58			60
Loans and leases						133,302			133,202			70,781
Allowance for loan and lease losses						(1,747)			(1,673)			(922)
Loans and leases, net of allowance for loan and lease losses						131,555			131,529			69,859
Operating lease equipment, net						8,746			8,661			8,156
Premises and equipment, net						1,877			1,768			1,456
Goodwill						346			346			346
Other intangible assets						312			329			140
Other assets						5,857			6,212			4,369
Total assets						$	213,758		$	213,765		$	109,298
Liabilities
Deposits:
Noninterest-bearing						$	39,799		$	43,141		$	24,922
Interest-bearing						106,055			103,092			64,486
Total deposits						145,854			146,233			89,408
Credit balances of factoring clients						1,089			1,282			995
Borrowings:
Short-term borrowings						485			453			2,186
Long-term borrowings						37,169			37,259			4,459
Total borrowings						37,654			37,712			6,645
Other liabilities						7,906			8,149			2,588
Total liabilities						$	192,503		$	193,376		$	99,636
Stockholders’ equity
Preferred stock						881			881			881
Common stock:
Class A - $1 par value						14			14			14
Class B - $1 par value						1			1			1
Additional paid in capital						4,108			4,106			4,109
Retained earnings						16,742			16,267			5,392
Accumulated other comprehensive loss						(491)			(880)			(735)
Total stockholders’ equity						21,255			20,389			9,662
Total liabilities and stockholders’ equity						$	213,758		$	213,765		$	109,298

Dollars in millions, except share per share data
Notable Items (1)						Three Months Ended															Year Ended December 31,
						December 31, 2023			September 30, 2023			December 31, 2022									2023			2022
Noninterest income
Rental income on operating lease equipment (2)						$	(155)		$	(146)		$	(135)								$	(593)		$	(534)
Realized loss on sale of investment securities available for sale, net						—			12			—									26			—
Fair value adjustment on marketable equity securities, net						(9)			1			(2)									11			3
Gain on sale of leasing equipment, net						(2)			(10)			(2)									(20)			(15)
Gain on acquisition						83			(12)			—									(9,808)			(431)
Gain on extinguishment of debt						—			—			—									—			(7)
Other noninterest income (3)						(5)			8			—									3			(11)
Impact of notable items on adjusted noninterest income						$	(88)		$	(147)		$	(139)								$	(10,381)		$	(995)
Noninterest expense
Depreciation on operating lease equipment (2)						(96)			(95)			(88)									(371)			(345)
Maintenance and other operating lease equipment expense (2)						(59)			(51)			(47)									(222)			(189)
Professional fees (4)						(5)			—			—									(5)			—
FDIC insurance special assessment						(64)			—			—									(64)			—
Acquisition-related expenses						(116)			(121)			(29)									(470)			(231)
Intangible asset amortization						(17)			(17)			(6)									(57)			(23)
Other noninterest expense (5)						—			—			—									—			18
Impact of notable items on adjusted noninterest expense						$	(357)		$	(284)		$	(170)								$	(1,189)		$	(770)
Day 2 provision for loan and lease losses and off-balance sheet exposure						$	—		$	—		$	—								$	(716)		$	(513)
Benefit for credit losses on investment securities available for sale						—			3			—									—			—
Impact of notable items on adjusted provision for credit losses						$	—		$	3		$	—								$	(716)		$	(513)
Impact of notable items on adjusted pre-tax income						$	269		$	134		$	31								$	(8,476)		$	288
Income tax impact (6)						90			58			(32)									383			135
Impact of notable items on adjusted net income						$	179		$	76		$	63								$	(8,859)		$	153
Impact of notable items on adjusted diluted EPS						$	12.25		$	5.25		$	4.27								$	(609.29)		$	9.84

(1) Notable items include income and expense for infrequent transactions and certain recurring items (typically noncash) that management believes should be excluded from adjusted measures (Non-GAAP) to enhance understanding of operations and comparability to historical periods. Management utilizes both GAAP and adjusted measures (Non-GAAP) to analyze the Company’s performance. Refer to subsequent pages of this financial supplement for a reconciliation of Non-GAAP measures to the most directly comparable GAAP measures.

(2) Depreciation and maintenance and other operating lease expenses are reclassified from noninterest expense to a reduction of rental income on operating lease equipment. There is no net impact to earnings for this notable item as adjusted noninterest income and expense are reduced by the same amount. Adjusted rental income on operating lease equipment (Non-GAAP) is net of depreciation and maintenance expense for operating lease equipment. Management believes this measure enhances comparability to banking peers, primarily due to the extent of our rail and other equipment rental activities. Refer to subsequent pages of this financial supplement for a reconciliation of Non-GAAP measures to the most directly comparable GAAP measure.

(3) Notable items included in other noninterest income consist of a gain on sale of insurance accounts in 4Q23 and a measurement period adjustment related to FX translation in 3Q23. YTD22 notable items consist of a railcar lease settlement and a gain on sale of the corporate jet.

(4) Professional fees related to other integration.

(5) Notable items included in other noninterest expense consist of an impairment on corporate real estate and the termination of legacy CIT post-retirement plans in YTD22.

(6) For the periods presented, the income tax impact may include tax discrete items and changes in the estimated annualized effective tax rate.

Dollars in millions, except share and per share data
Condensed Income Statements (unaudited) - Adjusted for Notable Items (1)						Three Months Ended												Year Ended December 31,
						December 31, 2023			September 30, 2023						December 31, 2022						2023			2022
Interest income						$	3,117		$	3,110					$	1,040					$	10,391		$	3,413
Interest expense						1,206			1,120						238						3,679			467
Net interest income						1,911			1,990						802						6,712			2,946
Provision for credit losses						249			195						79						659			132
Net interest income after provision for credit losses						1,662			1,795						723						6,053			2,814
Noninterest income						455			468						290						1,694			1,141
Noninterest expense						1,135			1,132						590						4,146			2,305
Income before income taxes						982			1,131						423						3,601			1,650
Income tax expense						289			303						103						994			399
Net income						$	693		$	828					$	320					$	2,607		$	1,251
Preferred stock dividends						15			15						14						59			50
Net income available to common stockholders						$	678		$	813					$	306					$	2,548		$	1,201
Basic earnings per common share						$	46.62		$	55.96					$	20.97					$	175.37		$	77.33
Diluted earnings per common share						46.58			55.92						20.94						175.22			77.24
Weighted average common shares outstanding (basic)						14,528,447			14,528,310						14,590,387						14,527,902			15,531,924
Weighted average common shares outstanding (diluted)						14,539,838			14,539,133						14,607,426						14,539,613			15,549,944

(1) The GAAP income statements and notable items are included previously in this financial supplement. The condensed adjusted income statements above (Non-GAAP) exclude the impacts of notable items. Refer to the Non-GAAP reconciliation table(s) at the end of this financial supplement for a reconciliation of Non-GAAP measures to the most directly comparable GAAP measure.

Dollars in millions
Loans and Leases by Class (end of period)						December 31, 2023			September 30, 2023			December 31, 2022
Loans and Leases by Class
Commercial
Commercial construction						$	3,465		$	3,382		$	2,804
Owner-occupied commercial mortgages						15,567			15,230			14,473
Non-owner-occupied commercial mortgages						11,540			10,941			9,902
Commercial and industrial						27,072			26,389			24,105
Leases						2,054			2,108			2,171
Total commercial						$	59,698		$	58,050		$	53,455
Consumer
Residential mortgage						$	14,422		$	14,287		$	13,309
Revolving mortgage						2,007			1,909			1,951
Consumer auto						1,442			1,411			1,414
Consumer other						720			681			652
Total consumer						$	18,591		$	18,288		$	17,326
SVB
Global fund banking						$	25,553		$	27,516		$	—
Investor dependent - early stage						1,403			1,718			—
Investor dependent - growth stage						2,897			3,948			—
Innovation C&I and cash flow dependent						9,658			8,724			—
Private Bank						9,822			9,648			—
CRE						2,698			2,629			—
Other						2,982			2,681			—
Total SVB						$	55,013		$	56,864		$	—
Total loans and leases						$	133,302		$	133,202		$	70,781
Less: allowance for loan and lease losses						(1,747)			(1,673)			(922)
Total loans and leases, net of allowance for loan and lease losses						$	131,555		$	131,529		$	69,859
Deposits by Type (end of period)						December 31, 2023			September 30, 2023			December 31, 2022
Demand						$	39,799		$	43,141		$	24,922
Checking with interest						23,754			23,461			16,202
Money market						30,616			30,082			21,040
Savings						35,258			32,708			16,834
Time						16,427			16,841			10,410
Total deposits						$	145,854		$	146,233		$	89,408

Dollars in millions
															Three Months Ended												Year Ended December 31,
Credit Quality and Allowance for Loan and Lease Losses															December 31, 2023			September 30, 2023			December 31, 2022						2023			2022
Nonaccrual loans at period end															$	969		$	899		$	627
Ratio of nonaccrual loans to total loans at period end															0.73		%	0.68		%	0.89		%
Charge-offs															$	(201)		$	(199)		$	(39)					$	(638)		$	(146)
Recoveries															24			23			15						78			67
Net charge-offs															$	(177)		$	(176)		$	(24)					$	(560)		$	(79)
Net charge-off ratio															0.53		%	0.53		%	0.14		%				0.47		%	0.12		%
Allowance for loan and lease losses to loans ratio at period end															1.31		%	1.26		%	1.30		%
Allowance for loan and lease losses at beginning of period															$	1,673		$	1,637		$	882					$	922		$	178
Initial PCD ALLL															—			—			—						220			272
Day 2 provision for loan and lease losses															—			—			—						462			454
Provision for loan and lease losses															251			212			64						703			97
Net charge-offs															(177)			(176)			(24)						(560)			(79)
Allowance for loan and lease losses at end of period															$	1,747		$	1,673		$	922					$	1,747		$	922

Dollars in millions			Three Months Ended
Average Balance Sheets, Yields and Rates			December 31, 2023									September 30, 2023									December 31, 2022
			Average Balance			Income/Expense			Yield/Rate			Average Balance			Income/Expense			Yield/Rate			Average Balance			Income/Expense			Yield/Rate
Loans and leases (1)(2)			$	131,594		$	2,391		7.21		%	$	131,653		$	2,426		7.30		%	$	68,949		$	892		5.14		%
Investment securities			28,722			239			3.30			24,388			177			2.90			18,876			92			1.95
Securities purchased under agreements to resell			225			2			5.36			223			3			5.28			—			—			—
Interest-earning deposits at banks			35,712			485			5.39			37,456			504			5.34			6,193			56			3.60
Total interest-earning assets (2)			$	196,253		$	3,117		6.30		%	$	193,720		$	3,110		6.37		%	$	94,018		$	1,040		4.40		%
Operating lease equipment, net			$	8,715								$	8,617								$	8,049
Cash and due from banks			846									911									500
Allowance for loan and lease losses			(1,717)									(1,714)									(886)
All other noninterest-earning assets			10,515									10,460									8,093
Total assets			$	214,612								$	211,994								$	109,774
Interest-bearing deposits
Checking with interest			$	23,820		$	128		2.14		%	$	24,600		$	134		2.15		%	$	15,985		$	13		0.31		%
Money Market			30,178			211			2.77			29,684			179			2.40			21,200			60			1.13
Savings			34,166			362			4.20			30,185			303			3.99			16,030			69			1.71
Time deposits			16,553			164			3.94			16,489			153			3.68			9,317			34			1.45
Total interest-bearing deposits			104,717			865			3.28			100,958			769			3.02			62,532			176			1.12
Borrowings:
Securities sold under customer repurchase agreements			455			1			0.44			454			—			0.35			514			—			0.27
Short-term FHLB borrowings			—			—			—			—			—			—			2,080			20			3.77
Short-term borrowings			455			1			0.44			454			—			0.35			2,594			20			3.08
Federal Home Loan Bank borrowings			—			—			1.99			444			6			5.47			2,818			28			3.90
Senior unsecured borrowings			377			3			2.46			382			2			2.46			906			4			2.08
Subordinated debt			1,038			10			3.82			1,042			10			3.65			1,051			9			3.38
Other borrowings			35,845			327			3.65			35,831			333			3.71			25			1			6.57
Long-term borrowings			37,260			340			3.65			37,699			351			3.72			4,800			42			3.46
Total borrowings			37,715			341			3.61			38,153			351			3.68			7,394			62			3.32
Total interest-bearing liabilities			$	142,432		$	1,206		3.37		%	$	139,111		$	1,120		3.20		%	$	69,926		$	238		1.35		%
Noninterest-bearing deposits			$	41,599								$	43,085								$	26,510
Credit balances of factoring clients			1,275									1,209									1,174
Other noninterest-bearing liabilities			8,566									8,473									2,543
Stockholders' equity			20,740									20,116									9,621
Total liabilities and stockholders’ equity			$	214,612								$	211,994								$	109,774
Net interest income						$	1,911								$	1,990								$	802
Net interest spread (2)									2.93		%							3.17		%							3.05		%
Net interest margin (2)									3.86		%							4.07		%							3.39		%
(1) Loans and leases include non-PCD and PCD loans, nonaccrual loans, and loans held for sale. Interest income on loans and leases includes accretion income and loan fees.
(2) The balance and rate presented is calculated net of average credit balances and deposits of factoring clients.
Note: Certain items above do not precisely recalculate as presented due to rounding.

Dollars in millions			Twelve Months Ended
Average Balance Sheets, Yields and Rates			December 31, 2023												December 31, 2022
			Average Balance			Income/Expense			Yield/Rate												Average Balance			Income/Expense			Yield/Rate
Loans and leases (1)(2)			$	117,708		$	8,187		6.95		%										$	66,303		$	2,953		4.45		%
Investment securities			23,112			640			2.77												19,166			354			1.85
Securities purchased under agreements to resell			161			8			5.20												—			—			—
Interest-earning deposits at banks			29,790			1,556			5.22												7,726			106			1.38
Total interest-earning assets (2)			$	170,771		$	10,391		6.08		%										$	93,195		$	3,413		3.66		%
Operating lease equipment, net			$	8,495																	$	7,982
Cash and due from banks			879																		512
Allowance for loan and lease losses			(1,495)																		(875)
All other noninterest-earning assets			15,631																		8,101
Total assets			$	194,281																	$	108,915
Interest-bearing deposits
Checking with interest			$	22,296		$	402		1.80		%										$	16,323		$	29		0.18		%
Money Market			27,567			618			2.24												23,949			125			0.52
Savings			26,121			963			3.69												14,392			117			0.81
Time deposits			14,946			514			3.44												8,934			64			0.72
Total interest-bearing deposits			90,930			2,497			2.75												63,598			335			0.53
Borrowings:
Securities sold under customer repurchase agreements			455			2			0.35												590			1			0.19
Short-term FHLB borrowings			108			5			4.79												824			28			3.35
Short-term borrowings			563			7			1.20												1,414			29			2.03
Federal Home Loan Bank borrowings			2,307			120			5.22												1,414			43			3.01
Senior unsecured borrowings			608			14			2.21												1,348			25			1.89
Subordinated debt			1,043			39			3.65												1,056			33			3.15
Other borrowings			27,322			1,002			3.67												64			2			3.22
Long-term borrowings			31,280			1,175			3.75												3,882			103			2.66
Total borrowings			31,843			1,182			3.71												5,296			132			2.49
Total interest-bearing liabilities			$	122,773		$	3,679		3.00		%										$	68,894		$	467		0.68		%
Noninterest-bearing deposits			$	39,660																	$	26,318
Credit balances of factoring clients			1,166																		1,153
Other noninterest-bearing liabilities			12,745																		2,274
Stockholders' equity			17,937																		10,276
Total liabilities and stockholders’ equity			$	194,281																	$	108,915
Net interest income						$	6,712																	$	2,946
Net interest spread (2)									3.08		%																2.98		%
Net interest margin (2)									3.92		%																3.16		%
(1) Loans and leases include non-PCD and PCD loans, nonaccrual loans, and loans held for sale. Interest income on loans and leases includes accretion income and loan fees.
(2) The balance and rate presented is calculated net of average credit balances and deposits of factoring clients.
Note: Certain items above do not precisely recalculate as presented due to rounding.

Dollars in millions, except share and per share data
						Three Months Ended												Year Ended December 31,
Non-GAAP Reconciliations						December 31, 2023			September 30, 2023			December 31, 2022						2023			2022
Net income and EPS
Net income (GAAP)			a			$	514		$	752		$	257					$	11,466		$	1,098
Preferred stock dividends						15			15			14						59			50
Net income available to common stockholders (GAAP)			b			499			737			243						11,407			1,048
Total notable items, after income tax			c			179			76			63						(8,859)			153
Adjusted net income (non-GAAP)			d = (a+c)			693			828			320						2,607			1,251
Adjusted net income available to common stockholders (non-GAAP)			e = (b+c)			$	678		$	813		$	306					$	2,548		$	1,201
Weighted average common shares outstanding
Basic			f			14,528,447			14,528,310			14,590,387						14,527,902			15,531,924
Diluted			g			14,539,838			14,539,133			14,607,426						14,539,613			15,549,944
EPS (GAAP)
Basic			b/f			$	34.36		$	50.71		$	16.69					$	785.14		$	67.47
Diluted			b/g			34.33			50.67			16.67						784.51			67.40
Adjusted EPS (non-GAAP)
Basic			e/f			$	46.62		$	55.96		$	20.97					$	175.37		$	77.33
Diluted			e/g			46.58			55.92			20.94						175.22			77.24
Noninterest income and expense
Noninterest income			h			$	543		$	615		$	429					$	12,075		$	2,136
Impact of notable items, before income tax						(88)			(147)			(139)						(10,381)			(995)
Adjusted noninterest income (non-GAAP)			i			$	455		$	468		$	290					$	1,694		$	1,141
Noninterest expense			j			$	1,492		$	1,416		$	760					$	5,335		$	3,075
Impact of notable items, before income tax						(357)			(284)			(170)						(1,189)			(770)
Adjusted noninterest expense (non-GAAP)			k			$	1,135		$	1,132		$	590					$	4,146		$	2,305
Provision for credit losses
Provision for credit losses						$	249		$	192		$	79					$	1,375		$	645
Less: day 2 provision for loan and lease losses and off-balance sheet exposure						—			—			—						716			513
Plus: benefit for credit losses on investment securities available for sale						—			3			—						—			—
Adjusted provision for credit losses (non-GAAP)						$	249		$	195		$	79					$	659		$	132
PPNR
Net income (GAAP)			a			$	514		$	752		$	257					$	11,466		$	1,098
Plus:
Provision for credit losses						249			192			79						1,375			645
Income tax expense						199			245			135						611			264
PPNR (non-GAAP)			l			$	962		$	1,189		$	471					$	13,452		$	2,007
Impact of notable items (1)						269			137			31						(9,192)			(225)
Adjusted PPNR (non-GAAP)			m			$	1,231		$	1,326		$	502					$	4,260		$	1,782
(1) Excludes the notable items for the provision for credit losses and income taxes as these items are excluded from PPNR as presented in the table above.
Note: Certain items above do not precisely recalculate as presented due to rounding.

Dollars in millions, except share and per share data
						Three Months Ended												Year Ended December 31,
Non-GAAP Reconciliations (continued)						December 31, 2023			September 30, 2023			December 31, 2022						2023			2022
ROA
Net income (GAAP)			a			$	514		$	752		$	257					$	11,466		$	1,098
Annualized net income			n = a annualized			2,041			2,983			1,019						11,466			1,098
Adjusted net income (non-GAAP)			d			693			828			320						2,607			1,251
Annualized adjusted net income			p = d annualized			2,748			3,286			1,269						2,607			1,251
Average assets			o			214,612			211,994			109,774						194,281			108,915
ROA			n/o			0.95		%	1.41		%	0.93		%				5.90		%	1.01		%
Adjusted ROA (non-GAAP)			p/o			1.28			1.55			1.15						1.34			1.15
PPNR ROA
PPNR (non-GAAP)			l			$	962		$	1,189		$	471					$	13,452		$	2,007
Annualized PPNR			q = l annualized			3,818			4,717			1,868						13,452			2,007
Adjusted PPNR (non-GAAP)			m			1,231			1,326			502						4,260			1,782
Annualized adjusted PPNR			r = m annualized			4,882			5,261			1,990						4,260			1,782
PPNR ROA			q/o			1.78		%	2.23		%	1.70		%				6.92		%	1.84		%
Adjusted PPNR ROA (non-GAAP)			r/o			2.27			2.48			1.81						2.19			1.64
ROE and ROTCE
Annualized net income available to common stockholders			s = b annualized			$	1,980		$	2,923		$	966					$	11,407		$	1,048
Annualized adjusted net income available to common stockholders			t = e annualized			$	2,687		$	3,225		$	1,216					$	2,548		$	1,201
Average stockholders' equity (GAAP)						$	20,740		$	20,116		$	9,621					$	17,937		$	10,276
Less: average preferred stock						881			881			881						881			878
Average common stockholders' equity (non-GAAP)			u			$	19,859		$	19,235		$	8,740					$	17,056		$	9,398
Less: average goodwill						346			346			346						346			346
Less: average other intangible assets						322			338			143						298			157
Average tangible common equity (non-GAAP)			v			$	19,191		$	18,551		$	8,251					$	16,412		$	8,895
ROE			s/u			9.97		%	15.20		%	11.05		%				66.88		%	11.15		%
Adjusted ROE (non-GAAP)			t/u			13.53			16.77			13.89						14.94			12.78
ROTCE			s/v			10.32			15.76			11.70						69.50			11.78
Adjusted ROTCE (non-GAAP)			t/v			14.00			17.39			14.71						15.52			13.50
Tangible common equity to tangible assets at period end
Stockholders' equity (GAAP)			w			$	21,255		$	20,389		$	9,662
Less: preferred stock						881			881			881
Common equity (non-GAAP)			x			$	20,374		$	19,508		$	8,781
Less: goodwill						346			346			346
Less: other intangible assets						312			329			140
Tangible common equity (non-GAAP)			y			$	19,716		$	18,833		$	8,295
Total assets (GAAP)			z			213,758			213,765			109,298
Tangible assets (non-GAAP)			aa			213,100			213,090			108,812
Total equity to total assets			w/z			9.94		%	9.54		%	8.84		%
Tangible common equity to tangible assets (non-GAAP)			y/aa			9.25			8.84			7.62

Note: Certain items above do not precisely recalculate as presented due to rounding.
Dollars in millions, except share and per share data
						Three Months Ended												Year Ended December 31,
Non-GAAP Reconciliations (continued)						December 31, 2023			September 30, 2023			December 31, 2022						2023			2022
Book value and tangible book value per common share at period end
Common shares outstanding at period end			bb			14,520,118			14,520,103			14,506,202
Book value per share			x/bb			$	1,403.12		$	1,343.52		$	605.36
Tangible book value per share (non-GAAP)			y/bb			1,357.77			1,297.00			571.89
Efficiency ratio
Net interest income			cc			$	1,911		$	1,990		$	802					$	6,712		$	2,946
Efficiency ratio (GAAP)			j / (h + cc)			60.80		%	54.34		%	61.74		%				28.40		%	60.50		%
Adjusted efficiency ratio (non-GAAP)			k / (i + cc)			48.00			46.04			54.08						49.33		%	56.40		%
Rental income on operating lease equipment
Rental income on operating lease equipment						$	252		$	248		$	224					$	971		$	864
Less:
Depreciation on operating lease equipment						96			95			88						371			345
Maintenance and other operating lease expenses						59			51			47						222			189
Adjusted rental income on operating lease equipment (non-GAAP)						$	97		$	102		$	89					$	378		$	330
Income tax expense
Income tax expense						$	199		$	245		$	135					$	611		$	264
Impact of notable items						90			58			(32)						383			135
Adjusted income tax expense (non-GAAP)						$	289		$	303		$	103					$	994		$	399
Note: Certain items above do not precisely recalculate as presented due to rounding.