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Business Combinations (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Net Assets Acquired
A summary of the net assets acquired and the estimated fair value adjustments resulting in the bargain purchase gain is as follows:

(in millions)March 20, 2023
Net assets acquired before fair value adjustments$2,973 
  Fair value adjustments:
    Loans(727)
    Core deposit and other intangibles464 
    Certificates of deposit 27 
    Other net assets and liabilities39 
    FDIC Equity Appreciation Instrument(85)
Deferred tax liability(690)
Bargain purchase gain on Signature Transaction, as initially reported$2,001 
Adjustments related to items identified subsequent to the initial reporting period as of March 20, 2023:
Measurement period adjustments, excluding taxes(134)
Change in deferred tax liability143 
Bargain purchase gain on Signature Transaction, as adjusted$2,010 
The following table provides the purchase price allocation to the assets acquired and liabilities assumed at their estimated fair values as of the date of the Signature Transaction:
(in millions)As Initially ReportedMeasurement Period AdjustmentsAs Adjusted
Purchase Price consideration$85 $85 
Fair value of assets acquired:
Cash & cash equivalents25,043 (142)24,901 
Loans held for sale232 232 
Loans held for investment:
Commercial and industrial10,102 (214)9,888 
Commercial real estate1,942 (262)1,680 
Consumer and other174 (1)173 
Total loans held for investment12,218 (477)11,741 
CDI and other intangible assets464 — 464 
Other assets679 (266)413 
Total assets acquired38,636 (885)37,751 
Fair value of liabilities assumed:
Deposits33,568 (61)33,507 
Other liabilities2,982 (833)2,149 
Total liabilities assumed36,550 (894)35,656 
Fair value of net identifiable assets2,086 9 2,095 
Bargain purchase gain$2,001 $9 $2,010