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FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents assets and liabilities measured at fair value on a recurring basis:

Assets and Liabilities Measured at Fair Value - Recurring Basis

dollars in millions			December 31, 2025
			Total						Level 1						Level 2						Level 3
Assets
Investment securities available for sale
U.S. Treasury			$	10,673					$	—					$	10,673					$	—
Government agency			43						—						43						—
Residential mortgage-backed securities			17,623						—						17,623						—
Commercial mortgage-backed securities			3,299						—						3,299						—
Corporate bonds			140						—						117						23
Municipal bonds			12						—						12						—
Total investment securities available for sale			$	31,790					$	—					$	31,767					$	23
Marketable equity securities			127						50						77						—
Loans held for sale			87						—						87						—
Loans			22						—						22						—
Derivative assets (1)
Total qualifying hedge assets			$	—					$	—					$	—					$	—
Interest rate contracts — non-qualifying hedges			$	385					$	—					$	383					$	2
Foreign exchange contracts — non-qualifying hedges			122						—						122						—
Other derivative contracts — non-qualifying hedges			27						—						—						27
Total non-qualifying hedge assets			$	534					$	—					$	505					$	29
Total derivative assets			$	534					$	—					$	505					$	29
Liabilities
Derivative liabilities (1)
Interest rate contracts — qualifying hedges			$	—					$	—					$	—					$	—
Interest rate contracts — non-qualifying hedges			$	381					$	—					$	381					$	—
Foreign exchange contracts — non-qualifying hedges			113						—						113						—
Other derivative contracts — non-qualifying hedges			—						—						—						—
Total non-qualifying hedge liabilities			$	494					$	—					$	494					$	—
Total derivative liabilities			$	494					$	—					$	494					$	—
(1) Derivative fair values include accrued interest.

dollars in millions			December 31, 2024
			Total						Level 1						Level 2						Level 3
Assets
Investment securities available for sale
U.S. Treasury			$	13,903					$	—					$	13,903					$	—
Government agency			77						—						77						—
Residential mortgage-backed securities			15,620						—						15,620						—
Commercial mortgage-backed securities			3,666						—						3,666						—
Corporate bonds			467						—						299						168
Municipal bonds			17						—						17						—
Total investment securities available for sale			$	33,750					$	—					$	33,582					$	168
Marketable equity securities			101						48						53						—
Loans held for sale			55						—						55						—
Derivative assets (1)
Total qualifying hedge assets			$	1					$	—					$	1					$	—
Interest rate contracts — non-qualifying hedges			$	491					$	—					$	490					$	1
Foreign exchange contracts — non-qualifying hedges			152						—						152						—
Other derivative contracts — non-qualifying hedges			16						—						—						16
Total non-qualifying hedge assets			$	659					$	—					$	642					$	17
Total derivative assets			$	660					$	—					$	643					$	17
Liabilities
Derivative liabilities (1)
Interest rate contracts — qualifying hedges			$	—					$	—					$	—					$	—
Interest rate contracts — non-qualifying hedges			$	516					$	—					$	516					$	—
Foreign exchange contracts — non-qualifying hedges			108						—						108						—
Other derivative contracts — non-qualifying hedges			1						—						—						1
Total non-qualifying hedge liabilities			$	625					$	—					$	624					$	1
Total derivative liabilities			$	625					$	—					$	624					$	1

(1)     Derivative fair values include accrued interest.

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The following tables summarize information about significant unobservable inputs related to BancShares’ categories of Level 3 financial assets and liabilities measured on a recurring basis:

Quantitative Information About Level 3 Fair Value Measurements - Recurring Basis

dollars in millions
Financial Instrument						Estimated Fair Value												Valuation Technique						Significant Unobservable Inputs
						December 31, 2025						December 31, 2024
Assets
Corporate bonds						$	23					$	168					Indicative bid provided by broker						Multiple factors, including but not limited to, current operations, financial condition, cash flows, and recently executed financing transactions related to the issuer.
Interest rate & other derivative — non-qualifying hedges						$	29					$	17					Internal valuation model						Multiple factors, including but not limited to, private company valuation, illiquidity discount, and estimated life of the instrument.
Liabilities
Interest rate & other derivative — non-qualifying hedges						$	—					$	1					Internal valuation model						Not material

Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table summarizes the changes in estimated fair value for all assets and liabilities measured at estimated fair value on a recurring basis using significant unobservable inputs (Level 3):

Changes in Estimated Fair Value of Level 3 Financial Assets and Liabilities - Recurring Basis

dollars in millions			Year Ended December 31, 2025																		Year Ended December 31, 2024
			Corporate Bonds						Other Derivative Assets — Non-Qualifying						Other Derivative Liabilities — Non-Qualifying						Corporate Bonds						Other Derivative Assets — Non-Qualifying						Other Derivative Liabilities — Non-Qualifying
Beginning balance			$	168					$	17					$	1					$	157					$	7					$	1
Purchases			—						8						—						—						9						—
Changes in fair value included in earnings			—						5						(1)						(1)						2						—
Changes in fair value included in comprehensive income			9						—						—						12						—						—
Transfers out			(24)						—						—						—						—						—
Maturity and settlements			(130)						(1)						—						—						(1)						—
Ending balance			$	23					$	29					$	—					$	168					$	17					$	1

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table summarizes the changes in estimated fair value for all assets and liabilities measured at estimated fair value on a recurring basis using significant unobservable inputs (Level 3):

Changes in Estimated Fair Value of Level 3 Financial Assets and Liabilities - Recurring Basis

dollars in millions			Year Ended December 31, 2025																		Year Ended December 31, 2024
			Corporate Bonds						Other Derivative Assets — Non-Qualifying						Other Derivative Liabilities — Non-Qualifying						Corporate Bonds						Other Derivative Assets — Non-Qualifying						Other Derivative Liabilities — Non-Qualifying
Beginning balance			$	168					$	17					$	1					$	157					$	7					$	1
Purchases			—						8						—						—						9						—
Changes in fair value included in earnings			—						5						(1)						(1)						2						—
Changes in fair value included in comprehensive income			9						—						—						12						—						—
Transfers out			(24)						—						—						—						—						—
Maturity and settlements			(130)						(1)						—						—						(1)						—
Ending balance			$	23					$	29					$	—					$	168					$	17					$	1

Schedule of Fair Value Option

The following table summarizes the difference between the aggregate fair value and the UPB for residential mortgage loans originated for sale measured at fair value:

Aggregate Fair Value and UPB - Residential Mortgage Loans

dollars in millions			December 31, 2025																		December 31, 2024
			Fair Value						Unpaid Principal Balance						Difference						Fair Value						Unpaid Principal Balance						Difference
Originated loans held for sale (1)			$	109					$	109					$	—					$	55					$	54					$	1

(1) Originated loans held for sale include loans held for sale and loans originated for sale but transferred to portfolio and held for investment.

Schedule of Fair Value, Assets Measured on Nonrecurring Basis

The following table presents carrying value of assets measured at estimated fair value on a non-recurring basis for which gains and losses have been recorded in the periods. The gains and losses reflect amounts recorded for the respective periods, regardless of whether the asset is still held at period end.

Assets Measured at Fair Value - Non-recurring Basis

dollars in millions			Fair Value Measurements
			Total						Level 1						Level 2						Level 3						Total Gains (Losses)
December 31, 2025
Assets held for sale - loans			$	5					$	—					$	—					$	5					$	(7)
Loans - collateral dependent loans			186						—						—						186						(157)
Other real estate owned			104						—						—						104						—
Total			$	295					$	—					$	—					$	295					$	(164)
December 31, 2024
Assets held for sale - loans			$	13					$	—					$	—					$	13					$	(7)
Loans - collateral dependent loans			388						—						—						388						(171)
Other real estate owned			16						—						—						16						6
Total			$	417					$	—					$	—					$	417					$	(172)

Schedule of Carrying Values and Estimated Fair Values for Financial Instruments

The table below presents the carrying values and estimated fair values for financial instruments, excluding leases and certain other assets and liabilities for which these disclosures are not required.

Carrying Values and Fair Values of Financial Assets and Liabilities

dollars in millions			December 31, 2025
									Estimated Fair Value
			Carrying Value						Level 1						Level 2						Level 3						Total
Financial Assets
Cash and due from banks			$	801					$	801					$	—					$	—					$	801
Interest-earning deposits at banks			19,801						19,801						—						—						19,801
Securities purchased under agreements to resell			232						—						232						—						232
Investment in marketable equity securities			127						50						77						—						127
Investment securities available for sale			31,790						—						31,767						23						31,790
Investment securities held to maturity			9,647						—						8,491						—						8,491
Loans held for sale			799						—						781						18						799
Net loans			144,346						—						1,580						143,782						145,362
Accrued interest receivable			912						—						912						—						912
Federal Home Loan Bank stock			20						—						20						—						20
Mortgage servicing rights			32						—						—						50						50
Derivative assets - non-qualifying hedges			534						—						505						29						534
Financial Liabilities
Deposits with no stated maturity			150,342						—						150,342						—						150,342
Time deposits			11,236						—						11,227						—						11,227
Credit balances of factoring clients			1,148						—						—						1,148						1,148
Securities sold under customer repurchase agreements			224						—						224						—						224
Long-term borrowings			35,712						—						35,795						—						35,795
Accrued interest payable			140						—						140						—						140
Derivative liabilities - non-qualifying hedges			494						—						494						—						494
			December 31, 2024
									Estimated Fair Value
			Carrying Value						Level 1						Level 2						Level 3						Total
Financial Assets
Cash and due from banks			$	814					$	814					$	—					$	—					$	814
Interest-earning deposits at banks			21,364						21,364						—						—						21,364
Securities purchased under agreements to resell			158						—						158						—						158
Investment in marketable equity securities			101						48						53						—						101
Investment securities available for sale			33,750						—						33,582						168						33,750
Investment securities held to maturity			10,239						—						8,702						—						8,702
Loans held for sale			82						—						55						27						82
Net loans			136,567						—						1,463						133,409						134,872
Accrued interest receivable			902						—						902						—						902
Federal Home Loan Bank stock			20						—						20						—						20
Mortgage servicing rights			27						—						—						47						47
Derivative assets - qualifying hedges			1						—						1						—						1
Derivative assets - non-qualifying hedges			659						—						642						17						659
Financial Liabilities
Deposits with no stated maturity			141,976						—						141,976						—						141,976
Time deposits			13,253						—						13,247						—						13,247
Credit balances of factoring clients			1,016						—						—						1,016						1,016
Securities sold under customer repurchase agreements			367						—						367						—						367
Long-term borrowings			36,669						—						36,220						—						36,220
Accrued interest payable			134						—						134						—						134
Derivative liabilities - non-qualifying hedges			625						—						624						1						625

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