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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

Schedule of Investment Securities

The following tables provide the amortized cost, unrealized gains and losses and fair value for the major categories of the available-for-sale debt and other securities and held-to-maturity securities portfolios as of:

June 30, 2026 ($ in millions)			Amortized Cost			Unrealized Gains			Unrealized Losses			Fair Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities			$	1,906		1			(8)			1,899
Mortgage-backed securities:
Agency residential mortgage-backed securities			15,659			9			(639)			15,029
Agency commercial mortgage-backed securities			23,556			1			(2,200)			21,357
Non-agency commercial mortgage-backed securities			2,826			—			(208)			2,618
Asset-backed securities and other debt securities			2,416			2			(115)			2,303
Other securities(a)			1,260			—			—			1,260
Total available-for-sale debt and other securities			$	47,623		13			(3,170)			44,466
Held-to-maturity securities:(b)
U.S. Treasury and federal agencies securities			$	3,382		11			(10)			3,383
Mortgage-backed securities:
Agency residential mortgage-backed securities			5,472			8			(95)			5,385
Agency commercial mortgage-backed securities			9,548			12			(72)			9,488
Asset-backed securities and other debt securities			2			—			—			2
Total held-to-maturity securities			$	18,404		31			(177)			18,258

(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $368, $889 and $3, respectively, at June 30, 2026, that are carried at cost.

(b)The amortized cost basis includes a discount of $685 at June 30, 2026 pertaining to the remaining unamortized portion of unrealized losses on securities transferred to HTM.

December 31, 2025 ($ in millions)			Amortized Cost			Unrealized Gains			Unrealized Losses			Fair Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities			$	1,575		—			—			1,575
Mortgage-backed securities:
Agency residential mortgage-backed securities			9,138			18			(533)			8,623
Agency commercial mortgage-backed securities			22,307			4			(2,124)			20,187
Non-agency commercial mortgage-backed securities			3,032			1			(200)			2,833
Asset-backed securities and other debt securities			2,381			2			(116)			2,267
Other securities(a)			674			—			—			674
Total available-for-sale debt and other securities			$	39,107		25			(2,973)			36,159
Held-to-maturity securities:(b)
U.S. Treasury and federal agencies securities			$	2,438		19			—			2,457
Mortgage-backed securities:
Agency residential mortgage-backed securities			5,023			23			(44)			5,002
Agency commercial mortgage-backed securities			3,905			43			(5)			3,943
Asset-backed securities and other debt securities			2			—			—			2
Total held-to-maturity securities			$	11,368		85			(49)			11,404

(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $167, $505 and $2, respectively, at December 31, 2025, that are carried at cost.

(b)The amortized cost basis includes a discount of $742 at December 31, 2025 pertaining to the remaining unamortized portion of unrealized losses on securities transferred to HTM.

The following table provides the fair value of trading debt securities and equity securities as of:

($ in millions)			June 30, 2026			December 31, 2025
Trading debt securities			$	1,853		1,057
Equity securities			495			453

Realized Gains and Losses Recognized in Income from Investment Securities

The following table presents the components of net securities gains and losses recognized in the Condensed Consolidated Statements of Income:

			For the three months ended June 30,						For the six months ended June 30,
($ in millions)			2026			2025			2026			2025
Available-for-sale debt and other securities:
Realized gains			$	4		1			10			6
Realized losses			(14)			(1)			(21)			(6)
Impairment losses			(7)			—			(7)			—
Net losses on available-for-sale debt and other securities			$	(17)		—			(18)			—
Equity securities:
Net realized gains (losses)			3			(5)			4			(5)
Net unrealized gains			34			21			22			12
Net equity securities gains			$	37		16			26			7
Total gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities(a)			$	20		16			8			7

(a)Excludes $2 and $5 of net securities gains for the three and six months ended June 30, 2026, respectively, and $2 and $6 of net securities gains for the three and six months ended June 30, 2025, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These gains and losses are included in commercial banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income.

Contractual Maturity Schedule

The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of June 30, 2026 are shown in the following table:

($ in millions)			Available-for-Sale Debt and Other						Held-to-Maturity
			Amortized Cost			Fair Value			Amortized Cost			Fair Value
Debt securities:(a)
Due in 1 year or less			$	1,560		1,545			235			236
Due after 1 year through 5 years			19,778			19,007			7,381			7,351
Due after 5 years through 10 years			19,476			17,934			10,621			10,502
Due after 10 years			5,549			4,720			167			169
Other securities			1,260			1,260			—			—
Total			$	47,623		44,466			18,404			18,258

(a)Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.

Fair Value and Gross Unrealized Loss of Securities Available for Sale

The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of:

			Less than 12 months						12 months or more						Total
June 30, 2026 ($ in millions)			Fair Value			Unrealized Losses			Fair Value			Unrealized Losses			Fair Value			Unrealized Losses
U.S. Treasury and federal agencies securities			$	1,442		(8)			—			—			1,442			(8)
Agency residential mortgage-backed securities			8,675			(78)			4,382			(561)			13,057			(639)
Agency commercial mortgage-backed securities			2,934			(38)			17,769			(2,162)			20,703			(2,200)
Non-agency commercial mortgage-backed securities			86			(1)			2,466			(207)			2,552			(208)
Asset-backed securities and other debt securities			395			(7)			1,438			(108)			1,833			(115)
Total			$	13,532		(132)			26,055			(3,038)			39,587			(3,170)
December 31, 2025
U.S. Treasury and federal agencies securities			$	1,225		—			—			—			1,225			—
Agency residential mortgage-backed securities			1,454			(7)			4,615			(526)			6,069			(533)
Agency commercial mortgage-backed securities			149			(1)			19,826			(2,123)			19,975			(2,124)
Non-agency commercial mortgage-backed securities			1			—			2,695			(200)			2,696			(200)
Asset-backed securities and other debt securities			135			(1)			1,893			(115)			2,028			(116)
Total			$	2,964		(9)			29,029			(2,964)			31,993			(2,973)

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- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

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