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Leases | 6 Months Ended
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Jun. 30, 2026
Leases [Abstract] |
Leases | 9. Leases As a lessee, we enter into leases of land, buildings, and equipment. Our real estate leases primarily relate to bank branches and office space. The leases of equipment principally relate to technology assets for data processing and data storage. As a lessor, we primarily provide financing through our equipment leasing business. For more information on our leasing activity, see Note 9 (“Leases”) beginning on page 147 of our 2025 Form 10-K. Lessor Equipment Leasing Leases may have fixed or floating rate terms. Variable payments are based on an index or other specified rate and are included in rental payments. Certain leases contain an option to extend the lease term or the option to terminate at the discretion of the lessee. Under certain conditions, lease agreements may also contain the option for a lessee to purchase the underlying asset. Interest income from sales-type and direct financing leases is recognized in "interest income — loans" on the Consolidated Statements of Income. Income related to operating leases is recognized in “operating lease income and other leasing gains” on the Consolidated Statements of Income. The components of equipment leasing income are summarized in the table below:
| Three months ended June 30, |  | Six months ended June 30,
Dollars in millions | 2026 | 2025 |  | 2026 | 2025
Sales-type and direct financing leases |  |  |  |  |
Interest income on lease receivable | $ | 11 |  | $ | 14 |  |  | $ | 23 |  | $ | 29 |
Interest income related to accretion of unguaranteed residual asset | 2 |  | 2 |  |  | 4 |  | 4 |
Interest income on deferred fees and costs | 5 |  | 5 |  |  | 11 |  | 10 |
Total sales-type and direct financing lease income | $ | 18 |  | $ | 21 |  |  | $ | 38 |  | $ | 43 |
Operating leases |  |  |  |  |
Operating lease income related to lease payments | $ | 8 |  | $ | 11 |  |  | $ | 17 |  | $ | 23 |
Other operating leasing gains (losses) | 2 |  | 3 |  |  | 1 |  | — |
Total operating lease income and other leasing gains | 10 |  | 14 |  |  | 18 |  | 23 |
Total lease income | $ | 28 |  | $ | 35 |  |  | $ | 56 |  | $ | 66 |
Leases | 9. Leases As a lessee, we enter into leases of land, buildings, and equipment. Our real estate leases primarily relate to bank branches and office space. The leases of equipment principally relate to technology assets for data processing and data storage. As a lessor, we primarily provide financing through our equipment leasing business. For more information on our leasing activity, see Note 9 (“Leases”) beginning on page 147 of our 2025 Form 10-K. Lessor Equipment Leasing Leases may have fixed or floating rate terms. Variable payments are based on an index or other specified rate and are included in rental payments. Certain leases contain an option to extend the lease term or the option to terminate at the discretion of the lessee. Under certain conditions, lease agreements may also contain the option for a lessee to purchase the underlying asset. Interest income from sales-type and direct financing leases is recognized in "interest income — loans" on the Consolidated Statements of Income. Income related to operating leases is recognized in “operating lease income and other leasing gains” on the Consolidated Statements of Income. The components of equipment leasing income are summarized in the table below:
| Three months ended June 30, |  | Six months ended June 30,
Dollars in millions | 2026 | 2025 |  | 2026 | 2025
Sales-type and direct financing leases |  |  |  |  |
Interest income on lease receivable | $ | 11 |  | $ | 14 |  |  | $ | 23 |  | $ | 29 |
Interest income related to accretion of unguaranteed residual asset | 2 |  | 2 |  |  | 4 |  | 4 |
Interest income on deferred fees and costs | 5 |  | 5 |  |  | 11 |  | 10 |
Total sales-type and direct financing lease income | $ | 18 |  | $ | 21 |  |  | $ | 38 |  | $ | 43 |
Operating leases |  |  |  |  |
Operating lease income related to lease payments | $ | 8 |  | $ | 11 |  |  | $ | 17 |  | $ | 23 |
Other operating leasing gains (losses) | 2 |  | 3 |  |  | 1 |  | — |
Total operating lease income and other leasing gains | 10 |  | 14 |  |  | 18 |  | 23 |
Total lease income | $ | 28 |  | $ | 35 |  |  | $ | 56 |  | $ | 66 |
Leases | 9. Leases As a lessee, we enter into leases of land, buildings, and equipment. Our real estate leases primarily relate to bank branches and office space. The leases of equipment principally relate to technology assets for data processing and data storage. As a lessor, we primarily provide financing through our equipment leasing business. For more information on our leasing activity, see Note 9 (“Leases”) beginning on page 147 of our 2025 Form 10-K. Lessor Equipment Leasing Leases may have fixed or floating rate terms. Variable payments are based on an index or other specified rate and are included in rental payments. Certain leases contain an option to extend the lease term or the option to terminate at the discretion of the lessee. Under certain conditions, lease agreements may also contain the option for a lessee to purchase the underlying asset. Interest income from sales-type and direct financing leases is recognized in "interest income — loans" on the Consolidated Statements of Income. Income related to operating leases is recognized in “operating lease income and other leasing gains” on the Consolidated Statements of Income. The components of equipment leasing income are summarized in the table below:
| Three months ended June 30, |  | Six months ended June 30,
Dollars in millions | 2026 | 2025 |  | 2026 | 2025
Sales-type and direct financing leases |  |  |  |  |
Interest income on lease receivable | $ | 11 |  | $ | 14 |  |  | $ | 23 |  | $ | 29 |
Interest income related to accretion of unguaranteed residual asset | 2 |  | 2 |  |  | 4 |  | 4 |
Interest income on deferred fees and costs | 5 |  | 5 |  |  | 11 |  | 10 |
Total sales-type and direct financing lease income | $ | 18 |  | $ | 21 |  |  | $ | 38 |  | $ | 43 |
Operating leases |  |  |  |  |
Operating lease income related to lease payments | $ | 8 |  | $ | 11 |  |  | $ | 17 |  | $ | 23 |
Other operating leasing gains (losses) | 2 |  | 3 |  |  | 1 |  | — |
Total operating lease income and other leasing gains | 10 |  | 14 |  |  | 18 |  | 23 |
Total lease income | $ | 28 |  | $ | 35 |  |  | $ | 56 |  | $ | 66 |
Leases | 9. Leases As a lessee, we enter into leases of land, buildings, and equipment. Our real estate leases primarily relate to bank branches and office space. The leases of equipment principally relate to technology assets for data processing and data storage. As a lessor, we primarily provide financing through our equipment leasing business. For more information on our leasing activity, see Note 9 (“Leases”) beginning on page 147 of our 2025 Form 10-K. Lessor Equipment Leasing Leases may have fixed or floating rate terms. Variable payments are based on an index or other specified rate and are included in rental payments. Certain leases contain an option to extend the lease term or the option to terminate at the discretion of the lessee. Under certain conditions, lease agreements may also contain the option for a lessee to purchase the underlying asset. Interest income from sales-type and direct financing leases is recognized in "interest income — loans" on the Consolidated Statements of Income. Income related to operating leases is recognized in “operating lease income and other leasing gains” on the Consolidated Statements of Income. The components of equipment leasing income are summarized in the table below:
| Three months ended June 30, |  | Six months ended June 30,
Dollars in millions | 2026 | 2025 |  | 2026 | 2025
Sales-type and direct financing leases |  |  |  |  |
Interest income on lease receivable | $ | 11 |  | $ | 14 |  |  | $ | 23 |  | $ | 29 |
Interest income related to accretion of unguaranteed residual asset | 2 |  | 2 |  |  | 4 |  | 4 |
Interest income on deferred fees and costs | 5 |  | 5 |  |  | 11 |  | 10 |
Total sales-type and direct financing lease income | $ | 18 |  | $ | 21 |  |  | $ | 38 |  | $ | 43 |
Operating leases |  |  |  |  |
Operating lease income related to lease payments | $ | 8 |  | $ | 11 |  |  | $ | 17 |  | $ | 23 |
Other operating leasing gains (losses) | 2 |  | 3 |  |  | 1 |  | — |
Total operating lease income and other leasing gains | 10 |  | 14 |  |  | 18 |  | 23 |
Total lease income | $ | 28 |  | $ | 35 |  |  | $ | 56 |  | $ | 66 |
Leases | 9. Leases As a lessee, we enter into leases of land, buildings, and equipment. Our real estate leases primarily relate to bank branches and office space. The leases of equipment principally relate to technology assets for data processing and data storage. As a lessor, we primarily provide financing through our equipment leasing business. For more information on our leasing activity, see Note 9 (“Leases”) beginning on page 147 of our 2025 Form 10-K. Lessor Equipment Leasing Leases may have fixed or floating rate terms. Variable payments are based on an index or other specified rate and are included in rental payments. Certain leases contain an option to extend the lease term or the option to terminate at the discretion of the lessee. Under certain conditions, lease agreements may also contain the option for a lessee to purchase the underlying asset. Interest income from sales-type and direct financing leases is recognized in "interest income — loans" on the Consolidated Statements of Income. Income related to operating leases is recognized in “operating lease income and other leasing gains” on the Consolidated Statements of Income. The components of equipment leasing income are summarized in the table below:
| Three months ended June 30, |  | Six months ended June 30,
Dollars in millions | 2026 | 2025 |  | 2026 | 2025
Sales-type and direct financing leases |  |  |  |  |
Interest income on lease receivable | $ | 11 |  | $ | 14 |  |  | $ | 23 |  | $ | 29 |
Interest income related to accretion of unguaranteed residual asset | 2 |  | 2 |  |  | 4 |  | 4 |
Interest income on deferred fees and costs | 5 |  | 5 |  |  | 11 |  | 10 |
Total sales-type and direct financing lease income | $ | 18 |  | $ | 21 |  |  | $ | 38 |  | $ | 43 |
Operating leases |  |  |  |  |
Operating lease income related to lease payments | $ | 8 |  | $ | 11 |  |  | $ | 17 |  | $ | 23 |
Other operating leasing gains (losses) | 2 |  | 3 |  |  | 1 |  | — |
Total operating lease income and other leasing gains | 10 |  | 14 |  |  | 18 |  | 23 |
Total lease income | $ | 28 |  | $ | 35 |  |  | $ | 56 |  | $ | 66 |

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