Dollars in millions, except per share data
			Three Months Ended												Nine Months Ended
Summary Financial Data & Key Metrics			September 30, 2024			June 30, 2024			September 30, 2023						September 30, 2024			September 30, 2023
Results of Operations:
Net interest income			$	1,796		$	1,821		$	1,990					$	5,434		$	4,801
Provision for credit losses			117			95			192						276			1,126
Net interest income after provision for credit losses			1,679			1,726			1,798						5,158			3,675
Noninterest income			650			639			615						1,916			11,532
Noninterest expense			1,456			1,386			1,416						4,218			3,843
Income before income taxes			873			979			997						2,856			11,364
Income tax expense			234			272			245						779			412
Net income			639			707			752						2,077			10,952
Preferred stock dividends			15			16			15						46			44
Net income available to common stockholders			$	624		$	691		$	737					$	2,031		$	10,908
Adjusted net income available to common stockholders(1)			$	660		$	739		$	813					$	2,168		$	1,870
Pre-tax, pre-provision net revenue (PPNR)(1)			$	990		$	1,074		$	1,189					$	3,132		$	12,490
Per Share Information:
Diluted earnings per common share (EPS)			$	43.42		$	47.54		$	50.67					$	140.26		$	750.19
Adjusted diluted EPS(1)			45.87			50.87			55.92						149.71			128.64
Book value per common share at period end			1,547.81			1,487.00			1,343.52
Tangible book value per common share (TBV)(1) at period end			1,504.75			1,443.92			1,297.00
Key Performance Metrics:
Return on average assets (ROA)			1.15		%	1.30		%	1.41		%				1.27		%	7.81		%
Adjusted ROA(1)			1.22			1.39			1.55						1.35			1.37
PPNR ROA(1)			1.79			1.97			2.23						1.91			8.91
Adjusted PPNR ROA(1)			1.88			2.08			2.48						2.03			2.16
Return on average common equity (ROE)			11.30			13.13			15.20						12.73			90.46
Adjusted ROE(1)			11.94			14.05			16.77						13.59			15.51
Return on average tangible common equity (ROTCE)(1)			11.63			13.53			15.76						13.12			94.17
Adjusted ROTCE(1)			12.29			14.48			17.39						14.00			16.15
Efficiency ratio			59.49			56.36			54.34						57.38			23.53
Adjusted efficiency ratio(1)			54.15			50.77			46.04						51.72			49.85
Net interest margin (NIM)(2)			3.53			3.64			4.07						3.62			3.95
NIM, excluding purchase accounting accretion (PAA)(1), (2)			3.33			3.36			3.52						3.35			3.50
Select Balance Sheet Items at Period End:
Total investment securities			$	38,663		$	37,666		$	26,818
Total loans and leases			138,695			139,341			133,202
Total operating lease equipment, net			9,186			8,945			8,661
Total deposits			151,574			151,079			146,233
Total borrowings			37,161			37,458			37,712
Loan to deposit ratio			91.50		%	92.23		%	91.09		%
Noninterest-bearing deposits to total deposits			25.99			26.49			29.50
Capital Ratios at Period End: (3)
Total risk-based capital ratio			15.36		%	15.45		%	15.64		%
Tier 1 risk-based capital ratio			13.78			13.87			13.83
Common equity Tier 1 ratio			13.24			13.33			13.24
Tier 1 leverage capital ratio			10.20			10.29			9.73
Asset Quality at Period End:
Nonaccrual loans to total loans and leases			0.90		%	0.82		%	0.68		%
Allowance for loan and lease losses (ALLL) to loans and leases			1.21			1.22			1.26
Net charge-off ratio for the period			0.42			0.38			0.53						0.37			0.45
(1) Denotes a non-GAAP measure. Refer to the non-GAAP reconciliation tables included at the end of this financial supplement for a reconciliation to the most directly comparable GAAP measure. “Adjusted” items exclude the impacts 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												Nine Months Ended
Income Statement (unaudited)						September 30, 2024			June 30, 2024			September 30, 2023						September 30, 2024			September 30, 2023
Interest income
Interest and fees on loans						$	2,430		$	2,422		$	2,426					$	7,206		$	5,796
Interest on investment securities						358			330			180						970			407
Interest on deposits at banks						350			378			504						1,176			1,071
Total interest income						3,138			3,130			3,110						9,352			7,274
Interest expense
Deposits						1,004			975			769						2,907			1,632
Borrowings						338			334			351						1,011			841
Total interest expense						1,342			1,309			1,120						3,918			2,473
Net interest income						1,796			1,821			1,990						5,434			4,801
Provision for credit losses						117			95			192						276			1,126
Net interest income after provision for credit losses						1,679			1,726			1,798						5,158			3,675
Noninterest income
Rental income on operating lease equipment						262			259			248						776			719
Fee income and other service charges						81			77			71						233			188
Client investment fees						55			54			52						159			106
Wealth management services						54			52			49						157			140
International fees						29			30			30						87			63
Service charges on deposit accounts						45			44			44						133			112
Factoring commissions						19			19			21						55			60
Cardholder services, net						42			40			41						122			103
Merchant services, net						12			12			12						36			36
Insurance commissions						14			13			13						42			40
Realized gain (loss) on sale of investment securities, net						4			—			(12)						4			(26)
Fair value adjustment on marketable equity securities, net						9			(2)			(1)						3			(20)
Gain on sale of leasing equipment, net						5			4			10						19			18
Gain on acquisition						—			—			12						—			9,891
Loss on extinguishment of debt						—			—			—						(2)			—
Other noninterest income						19			37			25						92			102
Total noninterest income						650			639			615						1,916			11,532
Noninterest expense
Depreciation on operating lease equipment						99			98			95						293			275
Maintenance and other operating lease expenses						59			60			51						164			163
Salaries and benefits						788			745			727						2,277			1,922
Net occupancy expense						62			58			65						182			179
Equipment expense						128			126			117						368			308
Professional fees						42			24			12						91			43
Third-party processing fees						55			58			54						173			139
FDIC insurance expense						31			33			36						105			76
Marketing expense						20			18			22						52			78
Acquisition-related expenses						46			44			121						148			354
Intangible asset amortization						15			15			17						47			40
Other noninterest expense						111			107			99						318			266
Total noninterest expense						1,456			1,386			1,416						4,218			3,843
Income before income taxes						873			979			997						2,856			11,364
Income tax expense						234			272			245						779			412
Net income						$	639		$	707		$	752					$	2,077		$	10,952
Preferred stock dividends						15			16			15						46			44
Net income available to common stockholders						$	624		$	691		$	737					$	2,031		$	10,908
Basic earnings per common share						$	43.42		$	47.54		$	50.71					$	140.27		$	750.79
Diluted earnings per common share						$	43.42		$	47.54		$	50.67					$	140.26		$	750.19
Weighted average common shares outstanding (basic)						14,375,974			14,534,499			14,528,310						14,480,874			14,527,718
Weighted average common shares outstanding (diluted)						14,375,974			14,534,499			14,539,133						14,481,919			14,539,383

Dollars in millions, except share data
Balance Sheet (unaudited)						September 30, 2024			June 30, 2024			September 30, 2023
Assets
Cash and due from banks						$	862		$	764		$	791
Interest-earning deposits at banks						25,640			25,361			36,704
Securities purchased under agreements to resell						455			392			549
Investment in marketable equity securities						82			78			75
Investment securities available for sale						28,190			27,053			16,661
Investment securities held to maturity						10,391			10,535			10,082
Assets held for sale						68			92			58
Loans and leases						138,695			139,341			133,202
Allowance for loan and lease losses						(1,678)			(1,700)			(1,673)
Loans and leases, net of allowance for loan and lease losses						137,017			137,641			131,529
Operating lease equipment, net						9,186			8,945			8,661
Premises and equipment, net						1,974			1,938			1,768
Goodwill						346			346			346
Other intangible assets, net						265			280			329
Other assets						6,091			6,402			6,212
Total assets						$	220,567		$	219,827		$	213,765
Liabilities
Deposits:
Noninterest-bearing						$	39,396		$	40,016		$	43,141
Interest-bearing						112,178			111,063			103,092
Total deposits						151,574			151,079			146,233
Credit balances of factoring clients						1,250			1,175			1,282
Borrowings:
Short-term borrowings						391			386			453
Long-term borrowings						36,770			37,072			37,259
Total borrowings						37,161			37,458			37,712
Other liabilities						7,754			7,628			8,149
Total liabilities						$	197,739		$	197,340		$	193,376
Stockholders’ equity
Preferred stock						881			881			881
Common stock:
Class A - $1 par value						13			14			14
Class B - $1 par value						1			1			1
Additional paid in capital						3,389			4,099			4,106
Retained earnings						18,703			18,102			16,267
Accumulated other comprehensive loss						(159)			(610)			(880)
Total stockholders’ equity						22,828			22,487			20,389
Total liabilities and stockholders’ equity						$	220,567		$	219,827		$	213,765

Dollars in millions, except share per share data
Notable Items (1)						Three Months Ended												Nine Months Ended
						September 30, 2024			June 30, 2024			September 30, 2023						September 30, 2024			September 30, 2023
Noninterest income
Rental income on operating lease equipment (2)						$	(158)		$	(158)		$	(146)					$	(457)		$	(438)
Realized (gain) loss on sale of investment securities, net						(4)			—			12						(4)			26
Fair value adjustment on marketable equity securities, net						(9)			2			1						(3)			20
Gain on sale of leasing equipment, net						(5)			(4)			(10)						(19)			(18)
Gain on acquisition						—			—			(12)						—			(9,891)
Loss on extinguishment of debt						—			—			—						2			—
Other noninterest income (3)						—			—			8						(4)			8
Impact of notable items on adjusted noninterest income						$	(176)		$	(160)		$	(147)					$	(485)		$	(10,293)
Noninterest expense
Depreciation on operating lease equipment (2)						(99)			(98)			(95)						(293)			(275)
Maintenance and other operating lease equipment expense (2)						(59)			(60)			(51)						(164)			(163)
Professional fees (4)						—			(1)			—						(4)			—
FDIC insurance special assessment						—			(2)			—						(11)			—
Acquisition-related expenses						(46)			(44)			(121)						(148)			(354)
Intangible asset amortization						(15)			(15)			(17)						(47)			(40)
Other noninterest expense (5)						(8)			2			—						—			—
Impact of notable items on adjusted noninterest expense						$	(227)		$	(218)		$	(284)					$	(667)		$	(832)
Day 2 provisions for loan and lease losses and off-balance sheet credit exposure						$	—		$	—		$	—					$	—		$	(716)
Benefit for credit losses on investment securities available for sale						—			—			3						—			—
Impact of notable items on adjusted provision for credit losses						$	—		$	—		$	3					$	—		$	(716)
Impact of notable items on adjusted pre-tax income						$	51		$	58		$	134					$	182		$	(8,745)
Income tax impact (6)						15			10			58						45			293
Impact of notable items on adjusted net income						$	36		$	48		$	76					$	137		$	(9,038)
Impact of notable items on adjusted diluted EPS						$	2.45		$	3.33		$	5.25					$	9.45		$	(621.55)

(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 BancShares’ 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 deducted from rental income on operating lease equipment to calculate adjusted rental income on operating lease equipment (non-GAAP). There is no net impact to earnings for this non-GAAP item because adjusted noninterest income and expense are reduced by the same amount. Management believes adjusted rental income on operating lease equipment (non-GAAP) is meaningful because it helps management monitor the performance and profitability of the operating leases after deducting direct expenses. Refer to subsequent pages of this financial supplement for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures.

(3) Other noninterest income includes a gain on litigation settlement in the 2024 YTD period and a Silicon Valley Bridge Bank, N.A purchase accounting adjustment related to FX translation in the 2023 QTD and YTD periods.

(4) Professional fees include expenses related to integration activities.

(5) Other noninterest expense consists of a technology fee in 3Q24 and a litigation reserve release in 2Q24.

(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												Nine Months Ended
			September 30, 2024			June 30, 2024			September 30, 2023						September 30, 2024			September 30, 2023
Interest income			$	3,138		$	3,130		$	3,110					$	9,352		$	7,274
Interest expense			1,342			1,309			1,120						3,918			2,473
Net interest income			1,796			1,821			1,990						5,434			4,801
Provision for credit losses			117			95			195						276			410
Net interest income after provision for credit losses			1,679			1,726			1,795						5,158			4,391
Noninterest income			474			479			468						1,431			1,239
Noninterest expense			1,229			1,168			1,132						3,551			3,011
Income before income taxes			924			1,037			1,131						3,038			2,619
Income tax expense			249			282			303						824			705
Net income			$	675		$	755		$	828					$	2,214		$	1,914
Preferred stock dividends			15			16			15						46			44
Net income available to common stockholders			$	660		$	739		$	813					$	2,168		$	1,870
Basic earnings per common share			$	45.87		$	50.87		$	55.96					$	149.72		$	128.74
Diluted earnings per common share			45.87			50.87			55.92						149.71			128.64
Weighted average common shares outstanding (basic)			14,375,974			14,534,499			14,528,310						14,480,874			14,527,718
Weighted average common shares outstanding (diluted)			14,375,974			14,534,499			14,539,133						14,481,919			14,539,383

(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 impact of notable items. Refer to the non-GAAP reconciliation tables 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)			September 30, 2024			June 30, 2024			September 30, 2023
Commercial
Commercial construction			$	4,924		$	4,484		$	3,946
Owner occupied commercial mortgages			16,372			16,233			15,148
Non-owner occupied commercial mortgages			16,078			15,580			14,243
Commercial and industrial			30,867			30,684			28,717
Leases			2,020			2,049			2,108
Total commercial			$	70,261		$	69,030		$	64,162
Consumer
Residential mortgage			$	23,237		$	23,101		$	22,465
Revolving mortgage			2,455			2,351			2,067
Consumer auto			1,543			1,503			1,411
Consumer other			1,347			1,388			1,191
Total consumer			$	28,582		$	28,343		$	27,134
SVB
Global fund banking			$	27,114		$	28,915		$	27,516
Investor dependent - early stage			1,128			1,179			1,718
Investor dependent - growth stage			2,434			2,627			3,948
Innovation C&I and cash flow dependent			9,176			9,247			8,724
Total SVB			$	39,852		$	41,968		$	41,906
Total loans and leases			$	138,695		$	139,341		$	133,202
Less: allowance for loan and lease losses			(1,678)			(1,700)			(1,673)
Total loans and leases, net of allowance for loan and lease losses			$	137,017		$	137,641		$	131,529
Deposits by Type (end of period)			September 30, 2024			June 30, 2024			September 30, 2023
Noninterest-bearing demand			$	39,396		$	40,016		$	43,141
Checking with interest			23,216			23,907			23,461
Money market			34,567			32,636			30,079
Savings			40,266			39,361			32,708
Time			14,129			15,159			16,844
Total deposits			$	151,574		$	151,079		$	146,233

Dollars in millions
			Three Months Ended												Nine Months Ended
Credit Quality and Allowance for Loan and Lease Losses (ALLL)			September 30, 2024			June 30, 2024			September 30, 2023						September 30, 2024			September 30, 2023
Nonaccrual loans at period end			$	1,244		$	1,141		$	899
Ratio of nonaccrual loans to total loans at period end			0.90		%	0.82		%	0.68		%
Charge-offs			$	(177)		$	(159)		$	(199)					$	(464)		$	(437)
Recoveries			32			27			23						84			54
Net charge-offs			$	(145)		$	(132)		$	(176)					$	(380)		$	(383)
Net charge-off ratio			0.42		%	0.38		%	0.53		%				0.37		%	0.45		%
ALLL to loans ratio at period end			1.21		%	1.22		%	1.26		%
ALLL at beginning of period			$	1,700		$	1,737		$	1,637					$	1,747		$	922
Initial PCD ALLL			—			—			—						—			220
Day 2 provision for loan and lease losses			—			—			—						—			462
Provision for loan and lease losses			123			95			212						311			452
Net charge-offs			(145)			(132)			(176)						(380)			(383)
ALLL at end of period			$	1,678		$	1,700		$	1,673					$	1,678		$	1,673

Dollars in millions			Three Months Ended
Average Balance Sheets, Yields and Rates			September 30, 2024									June 30, 2024									September 30, 2023
			Average Balance			Income/Expense			Yield/Rate			Average Balance			Income/Expense			Yield/Rate			Average Balance			Income/Expense			Yield/Rate
Loans and leases (1)(2)			$	137,602		$	2,430		7.03		%	$	135,965		$	2,422		7.15		%	$	131,653		$	2,426		7.30		%
Investment securities			38,189			354			3.70			36,445			327			3.60			24,388			177			2.90
Securities purchased under agreements to resell			241			4			5.34			236			3			5.37			223			3			5.28
Interest-earning deposits at banks			26,167			350			5.33			28,059			378			5.42			37,456			504			5.34
Total interest-earning assets (2)			$	202,199		$	3,138		6.18		%	$	200,705		$	3,130		6.26		%	$	193,720		$	3,110		6.37		%
Operating lease equipment, net			$	9,028								$	8,888								$	8,617
Cash and due from banks			717									750									911
Allowance for loan and lease losses			(1,725)									(1,763)									(1,714)
All other noninterest-earning assets			10,247									10,311									10,460
Total assets			$	220,466								$	218,891								$	211,994
Interest-bearing deposits
Checking with interest			$	23,946		$	134		2.23		%	$	24,427		$	137		2.26		%	$	24,600		$	134		2.15		%
Money market			34,127			278			3.24			31,998			250			3.14			29,684			179			2.40
Savings			39,944			436			4.34			38,434			415			4.35			30,185			303			3.99
Time deposits			14,429			156			4.29			16,043			173			4.33			16,489			153			3.68
Total interest-bearing deposits			112,446			1,004			3.55			110,902			975			3.54			100,958			769			3.02
Borrowings:
Securities sold under customer repurchase agreements			384			—			0.55			380			—			0.46			454			—			0.35
Short-term FHLB borrowings			—			—			—			—			—			—			—			—			—
Short-term borrowings			384			—			0.55			380			—			0.46			454			—			0.35
Federal Home Loan Bank borrowings			—			—			2.01			—			—			2.00			444			6			5.47
Senior unsecured borrowings			361			2			2.59			375			3			2.49			382			2			2.46
Subordinated debt			900			8			3.34			901			7			3.32			1,042			10			3.65
Other borrowings			35,803			328			3.66			35,824			324			3.61			35,831			333			3.71
Long-term borrowings			37,064			338			3.64			37,100			334			3.60			37,699			351			3.72
Total borrowings			37,448			338			3.61			37,480			334			3.56			38,153			351			3.68
Total interest-bearing liabilities			$	149,894		$	1,342		3.57		%	$	148,382		$	1,309		3.54		%	$	139,111		$	1,120		3.20		%
Noninterest-bearing deposits			$	39,026								$	39,344								$	43,085
Credit balances of factoring clients			1,195									1,234									1,209
Other noninterest-bearing liabilities			7,500									7,879									8,473
Stockholders' equity			22,851									22,052									20,116
Total liabilities and stockholders’ equity			$	220,466								$	218,891								$	211,994
Net interest income						$	1,796								$	1,821								$	1,990
Net interest spread (2)									2.61		%							2.72		%							3.17		%
Net interest margin (2)									3.53		%							3.64		%							4.07		%
(1) Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.
(2) The balance and rate presented are 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			Nine Months Ended
Average Balance Sheets, Yields and Rates			September 30, 2024												September 30, 2023
			Average Balance			Income/Expense			Yield/Rate												Average Balance			Income/Expense			Yield/Rate
Loans and leases (1)(2)			$	135,302		$	7,206		7.11		%										$	113,028		$	5,796		6.85		%
Investment securities			35,769			960			3.58												21,222			401			2.52
Securities purchased under agreements to resell			240			10			5.37												139			6			5.12
Interest-earning deposits at banks			29,192			1,176			5.38												27,794			1,071			5.15
Total interest-earning assets (2)			$	200,503		$	9,352		6.22		%										$	162,183		$	7,274		5.99		%
Operating lease equipment, net			$	8,908																	$	8,421
Cash and due from banks			751																		891
Allowance for loan and lease losses			(1,762)																		(1,420)
All other noninterest-earning assets			10,087																		17,354
Total assets			$	218,487																	$	187,429
Interest-bearing deposits
Checking with interest			$	24,112		$	401		2.22		%										$	21,783		$	274		1.68		%
Money market			32,358			760			3.14												26,686			407			2.04
Savings			38,296			1,242			4.33												23,410			601			3.44
Time deposits			15,712			504			4.28												14,404			350			3.25
Total interest-bearing deposits			110,478			2,907			3.51												86,283			1,632			2.53
Borrowings:
Securities sold under customer repurchase agreements			398			1			0.49												455			1			0.32
Short-term FHLB borrowings			—			—			—												145			5			4.79
Short-term borrowings			398			1			0.49												600			6			1.40
Federal Home Loan Bank borrowings			—			—			2.00												3,084			120			5.22
Senior unsecured borrowings			371			7			2.53												686			11			2.16
Subordinated debt			904			23			3.32												1,045			29			3.59
Other borrowings			35,829			980			3.65												24,450			675			3.68
Long-term borrowings			37,104			1,010			3.63												29,265			835			3.80
Total borrowings			37,502			1,011			3.59												29,865			841			3.75
Total interest-bearing liabilities			$	147,980		$	3,918		3.53		%										$	116,148		$	2,473		2.84		%
Noninterest-bearing deposits			$	39,339																	$	39,007
Credit balances of factoring clients			1,178																		1,129
Other noninterest-bearing liabilities			7,793																		14,143
Stockholders' equity			22,197																		17,002
Total liabilities and stockholders’ equity			$	218,487																	$	187,429
Net interest income						$	5,434																	$	4,801
Net interest spread (2)									2.69		%																3.15		%
Net interest margin (2)									3.62		%																3.95		%
(1) Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.
(2) The balance and rate presented are 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												Nine Months Ended
Non-GAAP Reconciliations						September 30, 2024			June 30, 2024			September 30, 2023						September 30, 2024			September 30, 2023
Net income and EPS
Net income (GAAP)			a			$	639		$	707		$	752					$	2,077		$	10,952
Preferred stock dividends						15			16			15						46			44
Net income available to common stockholders (GAAP)			b			$	624		$	691		$	737					$	2,031		$	10,908
Total notable items, after income tax			c			36			48			76						137			(9,038)
Adjusted net income (non-GAAP)			d = (a+c)			675			755			828						2,214			1,914
Adjusted net income available to common stockholders (non-GAAP)			e = (b+c)			$	660		$	739		$	813					$	2,168		$	1,870
Weighted average common shares outstanding
Basic			f			14,375,974			14,534,499			14,528,310						14,480,874			14,527,718
Diluted			g			14,375,974			14,534,499			14,539,133						14,481,919			14,539,383
EPS (GAAP)
Basic			b/f			$	43.42		$	47.54		$	50.71					$	140.27		$	750.79
Diluted			b/g			43.42			47.54			50.67						140.26			750.19
Adjusted EPS (non-GAAP)
Basic			e/f			$	45.87		$	50.87		$	55.96					$	149.72		$	128.74
Diluted			e/g			45.87			50.87			55.92						149.71			128.64
Noninterest income and expense
Noninterest income (GAAP)			h			$	650		$	639		$	615					$	1,916		$	11,532
Impact of notable items, before income tax						(176)			(160)			(147)						(485)			(10,293)
Adjusted noninterest income (non-GAAP)			i			$	474		$	479		$	468					$	1,431		$	1,239
Noninterest expense (GAAP)			j			$	1,456		$	1,386		$	1,416					$	4,218		$	3,843
Impact of notable items, before income tax						(227)			(218)			(284)						(667)			(832)
Adjusted noninterest expense (non-GAAP)			k			$	1,229		$	1,168		$	1,132					$	3,551		$	3,011
Provision for credit losses
Provision for credit losses						$	117		$	95		$	192					$	276		$	1,126
Less: day 2 provision for loan and lease losses and off-balance sheet exposure						—			—			—						—			716
Less: provision (benefit) for credit losses on investment securities available for sale						—			—			(3)						—			—
Adjusted provision for credit losses (non-GAAP)						$	117		$	95		$	195					$	276		$	410
PPNR
Net income (GAAP)			a			$	639		$	707		$	752					$	2,077		$	10,952
Plus:
Provision for credit losses						117			95			192						276			1,126
Income tax expense						234			272			245						779			412
PPNR (non-GAAP)			l			$	990		$	1,074		$	1,189					$	3,132		$	12,490
Impact of notable items (1)						51			58			137						182			(9,461)
Adjusted PPNR (non-GAAP)			m			$	1,041		$	1,132		$	1,326					$	3,314		$	3,029
(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
						Three Months Ended												Nine Months Ended
Non-GAAP Reconciliations (continued)						September 30, 2024			June 30, 2024			September 30, 2023						September 30, 2024			September 30, 2023
ROA
Net income (GAAP)			a			$	639		$	707		$	752					$	2,077		$	10,952
Annualized net income			n = a annualized			2,544			2,842			2,983						2,775			14,642
Adjusted net income (non-GAAP)			d			675			755			828						2,214			1,914
Annualized adjusted net income			p = d annualized			2,684			3,036			3,286						2,958			2,560
Average assets			o			220,466			218,891			211,994						218,487			187,429
ROA			n/o			1.15		%	1.30		%	1.41		%				1.27		%	7.81		%
Adjusted ROA (non-GAAP)			p/o			1.22			1.39			1.55						1.35			1.37
PPNR ROA
PPNR (non-GAAP)			l			$	990		$	1,074		$	1,189					$	3,132		$	12,490
Annualized PPNR			q = l annualized			3,942			4,316			4,717						4,184			16,699
Adjusted PPNR (non-GAAP)			m			1,041			1,132			1,326						3,314			3,029
Annualized adjusted PPNR			r = m annualized			4,141			4,552			5,261						4,427			4,049
PPNR ROA (non-GAAP)			q/o			1.79		%	1.97		%	2.23		%				1.91		%	8.91		%
Adjusted PPNR ROA (non-GAAP)			r/o			1.88			2.08			2.48						2.03			2.16
ROE and ROTCE
Annualized net income available to common stockholders			s = b annualized			$	2,483		$	2,779		$	2,923					$	2,713		$	14,583
Annualized adjusted net income available to common stockholders			t = e annualized			$	2,623		$	2,974		$	3,225					$	2,896		$	2,501
Average stockholders' equity (GAAP)						$	22,851		$	22,052		$	20,116					$	22,197		$	17,002
Less: average preferred stock						881			881			881						881			881
Average common stockholders' equity			u			$	21,970		$	21,171		$	19,235					$	21,316		$	16,121
Less: average goodwill						346			346			346						346			346
Less: average other intangible assets						275			288			338						290			290
Average tangible common equity (non-GAAP)			v			$	21,349		$	20,537		$	18,551					$	20,680		$	15,485
ROE			s/u			11.30		%	13.13		%	15.20		%				12.73		%	90.46		%
Adjusted ROE (non-GAAP)			t/u			11.94			14.05			16.77						13.59			15.51
ROTCE (non-GAAP)			s/v			11.63			13.53			15.76						13.12			94.17
Adjusted ROTCE (non-GAAP)			t/v			12.29			14.48			17.39						14.00			16.15
Tangible common equity to tangible assets at period end
Stockholders' equity (GAAP)			w			$	22,828		$	22,487		$	20,389
Less: preferred stock						881			881			881
Common equity			x			$	21,947		$	21,606		$	19,508
Less: goodwill						346			346			346
Less: other intangible assets						265			280			329
Tangible common equity (non-GAAP)			y			$	21,336		$	20,980		$	18,833
Total assets (GAAP)			z			220,567			219,827			213,765
Tangible assets (non-GAAP)			aa			219,956			219,201			213,090
Total equity to total assets (GAAP)			w/z			10.35		%	10.23		%	9.54		%
Tangible common equity to tangible assets (non-GAAP)			y/aa			9.70			9.57			8.84
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												Nine Months Ended
Non-GAAP Reconciliations (continued)						September 30, 2024			June 30, 2024			September 30, 2023						September 30, 2024			September 30, 2023
Book value and tangible book value per common share at period end
Common shares outstanding at period end			bb			14,179,208			14,529,735			14,520,103
Book value per share			x/bb			$	1,547.81		$	1,487.00		$	1,343.52
Tangible book value per common share (non-GAAP)			y/bb			1,504.75			1,443.92			1,297.00
Efficiency ratio
Net interest income			cc			$	1,796		$	1,821		$	1,990					$	5,434		$	4,801
Efficiency ratio (GAAP)			j / (h + cc)			59.49		%	56.36		%	54.34		%				57.38		%	23.53		%
Adjusted efficiency ratio (non-GAAP)			k / (i + cc)			54.15			50.77			46.04						51.72		%	49.85		%
Rental income on operating lease equipment
Rental income on operating lease equipment (GAAP)						$	262		$	259		$	248					$	776		$	719
Less: depreciation on operating lease equipment						99			98			95						293			275
Less: maintenance and other operating lease expenses						59			60			51						164			163
Adjusted rental income on operating lease equipment (non-GAAP)						$	104		$	101		$	102					$	319		$	281
Net interest income & Net interest margin
Net interest income (GAAP)			cc			$	1,796		$	1,821		$	1,990					$	5,434		$	4,801
Loan PAA income			dd			107			145			275						415			535
Other PAA (expense) income			ee			(6)			(5)			(6)						(16)			11
Total PAA			ff = (dd + ee)			$	101		$	140		$	269					$	399		$	546
Net interest income, excluding PAA (non-GAAP)			gg = (cc - ff)			$	1,695		$	1,681		$	1,721					$	5,035		$	4,255
Annualized net interest income (GAAP)			hh = cc annualized			$	7,147		$	7,322		$	7,894					$	7,259		$	6,418
Annualized net interest income, excluding PAA (non-GAAP)			ii = ee annualized			6,746			6,760			6,829						6,726			5,689
Average interest-earning assets			jj			202,199			200,705			193,720						200,503			162,183
NIM (GAAP)			hh/jj			3.53		%	3.64		%	4.07		%				3.62		%	3.95		%
NIM, excluding PAA (non-GAAP)			ii/jj			3.33			3.36			3.52						3.35			3.50
Note: Certain items above do not precisely recalculate as presented due to rounding.