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BUSINESS COMBINATIONS (Tables) | 3 Months Ended
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Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Business Acquisitions | The following table provides the final purchase price allocation, including Measurement Period Adjustments, to the identifiable assets acquired and liabilities assumed at their estimated fair values as of the SVBB Acquisition Date. Fair Value Purchase Price Allocation
dollars in millions |  |  |  |  | Fair Value Purchase Price Allocation as of March 27, 2023
Purchase price consideration |  |  |  |  |
Purchase Money Note (1) |  |  |  |  | $ | 35,808
Value Appreciation Instrument |  |  |  |  | 500
Purchase price consideration |  |  |  |  | $ | 36,308
Assets |  |  |  |  |
Cash and due from banks |  |  |  |  | $ | 1,310 |
Interest-earning deposits at banks |  |  |  |  | 34,001 |
Investment securities available for sale |  |  |  |  | 385 |
Loans and leases, net of the initial PCD ALLL |  |  |  |  | 68,468 |
Affordable housing tax credit and other unconsolidated investments |  |  |  |  | 1,273 |
Premises and equipment |  |  |  |  | 308 |
Core deposit intangibles |  |  |  |  | 230 |
Other assets |  |  |  |  | 1,564 |
Total assets acquired |  |  |  |  | $ | 107,539 |
Liabilities |  |  |  |  |
Deposits |  |  |  |  | $ | 56,014 |
Borrowings |  |  |  |  | 10 |
Deferred tax liabilities |  |  |  |  | 3,364 |
Other liabilities |  |  |  |  | 2,035 |
Total liabilities assumed |  |  |  |  | $ | 61,423 |
Fair value of net assets acquired |  |  |  |  | 46,116 |
Gain on acquisition, after income taxes (2) |  |  |  |  | $ | 9,808 |
Gain on acquisition, before income taxes (2) |  |  |  |  | $ | 13,172 |
(1) The principal amount of the Purchase Money Note is the carrying value of net assets acquired of approximately $52.52 billion less the asset discount of $16.45 billion pursuant to the SVBB Purchase Agreement. The $35.81 billion above is net of a fair value discount of approximately $264 million. (2) The difference between the gain on acquisition before and after taxes reflects the deferred tax liabilities of $3.36 billion recorded in the SVBB Acquisition.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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