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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INTEREST INCOME:      
Loans and leases $ 4,509 $ 1,848 $ 1,525
Securities and money market investments 982 244 164
Total interest income 5,491 2,092 1,689
INTEREST EXPENSE:      
Interest-bearing checking and money market accounts 943 226 31
Savings accounts 169 60 28
Certificates of deposit 646 97 55
Borrowed funds 656 313 286
Total interest expense 2,414 696 400
Net interest income 3,077 1,396 1,289
Provision for credit losses 833 133 3
Net interest income after provision for credit loan losses 2,244 1,263 1,286
NON-INTEREST INCOME:      
Fee income 172 27 23
Bank-owned life insurance 43 32 29
Net loss on securities (1) (2) 0
Net return on mortgage servicing rights 103 6 0
Net gain on loan sales and securitizations 89 5 1
Net loan administration income 82 3 0
Bargain purchase gain 2,131 159 0
Other 68 17 9
Total non-interest income 2,687 247 61
NON-INTEREST EXPENSE:      
Compensation and benefits 1,149 354 303
Occupancy and equipment 200 92 88
General and administrative 750 158 127
Total operating expense 2,099 604 518
Intangible asset amortization 126 5 0
Merger-related and restructuring expenses 330 75 23
Goodwill impairment 2,426 0 0
Total non-interest expense 4,981 684 541
(Loss) Income before income taxes (50) 826 806
Income tax expense 29 176 210
Net (loss) income (79) 650 596
Preferred stock dividends 33 33 33
Net (loss) income available to common stockholders $ (112) $ 617 $ 563
Basic (in usd per share) $ (0.16) $ 1.26 $ 1.20
Diluted (in usd per share) $ (0.16) $ 1.26 $ 1.20
Net (loss) income $ (79) $ 650 $ 596
Other comprehensive gain (loss), net of tax:      
Change in net unrealized loss on securities available for sale, net of tax of $(15); $223 and $42, respectively 45 (581) (112)
Change in pension and post-retirement obligations, net of tax of $(5); $6 and $(8), respectively 12 (17) 23
Change in net unrealized gain on cash flow hedges, net of tax of $(3); $(24) and $(2), respectively 6 64 6
Reclassification adjustment for defined benefit pension plan, net of tax of $(1); $— and $(2), respectively 6 2 5
Reclassification adjustment for net (loss) gain on cash flow hedges included in net income, net of tax $17; $1 and $(7), respectively (48) (3) 18
Total other comprehensive gain (loss), net of tax 21 (535) (60)
Total comprehensive (loss) income, net of tax $ (58) $ 115 536
Maximum      
NON-INTEREST INCOME:      
Net gain on loan sales and securitizations     $ 0