SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Segment Reporting Information

The following tables present the condensed income statements by segment and include the significant segment expenses and measure of segment profit or loss.


dollars in millions	Three Months Ended September 30, 2025
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	846	$	303	$	493	$	(55)	$	147	$	1,734
Rental income on operating lease equipment	—		54		—		219		—		273
All other noninterest income	166		101		135		2		22		426
Total noninterest income	166		155		135		221		22		699
Total revenue	1,012		458		628		166		169		2,433
Depreciation on operating lease equipment	—		43		—		55		—		98
Maintenance and other operating lease expenses	—		—		—		67		—		67
Personnel cost	213		74		106		6		418		817
Acquisition-related expenses	—		—		—		—		28		28
All other noninterest expense (3)	369		149		267		16		(320)		481
Total noninterest expense	582		266		373		144		126		1,491

Provision for credit losses	1		168		22		—		—		191
Income before income taxes	429		24		233		22		43		751
Income tax expense	109		6		58		5		5		183
Net income	$	320	$	18	$	175	$	17	$	38	$	568

Select Period End Balances
Loans and leases	$	65,225	$	38,841	$	40,629	$	63	$	—	$	144,758
Operating lease equipment, net	—		737		—		8,709		—		9,446

Deposits	74,596		2,978		39,891		2		45,723		163,190







	Three Months Ended September 30, 2024
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	760	$	305	$	560	$	(48)	$	219	$	1,796
Rental income on operating lease equipment	—		57		—		205		—		262
All other noninterest income	149		79		137		2		21		388
Total noninterest income	149		136		137		207		21		650
Total revenue	909		441		697		159		240		2,446
Depreciation on operating lease equipment	—		47		—		52		—		99
Maintenance and other operating lease expenses	—		—		—		59		—		59
Personnel cost	212		68		112		6		390		788
Acquisition-related expenses	—		—		—		—		46		46
All other noninterest expense (3)	341		150		272		14		(313)		464
Total noninterest expense	553		265		384		131		123		1,456

Provision for credit losses	55		11		51		—		—		117
Income before income taxes	301		165		262		28		117		873
Income tax expense	99		41		75		8		11		234
Net income	$	202	$	124	$	187	$	20	$	106	$	639

Select Period End Balances
Loans and leases	$	64,254	$	37,281	$	37,098	$	62	$	—	$	138,695
Operating lease equipment, net	—		767		—		8,419		—		9,186

Deposits	71,898		3,126		35,844		14		40,692		151,574

(1) Corporate includes all other financial information that is not included in the reportable segments.
(2) In the segment reporting table above, there are no reconciling differences between BancShares and the aggregate of all reportable segments and Corporate.
(3) All other noninterest expense represents “other segment items” under Accounting Standards Codification (“ASC”) 280 and primarily includes Allocated Expenses, net occupancy expense, equipment expense, professional fees, third-party processing fees, FDIC insurance expense, marketing expense, and intangible amortization. All other noninterest expense is presented net of Allocated Expenses in the segment reporting table above, resulting in Contra Expense for Corporate as further discussed above.


dollars in millions	Nine Months Ended September 30, 2025
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	2,458	$	895	$	1,476	$	(160)	$	423	$	5,092
Rental income on operating lease equipment	—		164		—		651		—		815
All other noninterest income	494		268		397		7		31		1,197
Total noninterest income	494		432		397		658		31		2,012
Total revenue	2,952		1,327		1,873		498		454		7,104
Depreciation on operating lease equipment	—		131		—		165		—		296
Maintenance and other operating lease expenses	—		—		—		180		—		180
Personnel cost	637		215		330		20		1,243		2,445
Acquisition-related expenses	—		—		—		—		108		108
All other noninterest expense (3)	1,090		462		804		56		(957)		1,455
Total noninterest expense	1,727		808		1,134		421		394		4,484

Provision for credit losses	60		300		100		—		—		460
Income before income taxes	1,165		219		639		77		60		2,160
Income tax expense (benefit)	298		56		162		19		(1)		534
Net income	$	867	$	163	$	477	$	58	$	61	$	1,626










	Nine Months Ended September 30, 2024
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	2,174	$	916	$	1,636	$	(136)	$	844	$	5,434
Rental income on operating lease equipment	—		172		—		604		—		776
All other noninterest income	446		239		405		8		42		1,140
Total noninterest income	446		411		405		612		42		1,916
Total revenue	2,620		1,327		2,041		476		886		7,350
Depreciation on operating lease equipment	—		141		—		152		—		293
Maintenance and other operating lease expenses	—		—		—		164		—		164
Personnel cost	604		205		354		20		1,094		2,277
Acquisition-related expenses	—		—		—		—		148		148
All other noninterest expense (3)	978		425		765		43		(875)		1,336
Total noninterest expense	1,582		771		1,119		379		367		4,218

Provision for credit losses	113		70		93		—		—		276
Income before income taxes	925		486		829		97		519		2,856
Income tax expense	270		127		235		27		120		779
Net income	$	655	$	359	$	594	$	70	$	399	$	2,077






(1) Corporate includes all other financial information that is not included in the reportable segments.
(2) In the segment reporting table above, there are no reconciling differences between BancShares and the aggregate of all reportable segments and Corporate.
(3) All other noninterest expense represents “other segment items” under ASC 280 and primarily includes Allocated Expenses, net occupancy expense, equipment expense, professional fees, third-party processing fees, FDIC insurance expense, marketing expense, and intangible amortization. All other noninterest expense is presented net of Allocated Expenses in the segment reporting table above, resulting in Contra Expense for Corporate as further discussed above.