Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets

The details of the Bancorp’s intangible assets are shown in the following table:

($ in millions)	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount
As of September 30, 2024
Core deposit intangibles	$	206	(192)	14
Developed technology	106		(46)	60
Customer relationships	28		(9)	19
Other	13		(8)	5
Total intangible assets	$	353	(255)	98
As of December 31, 2023
Core deposit intangibles	$	209	(184)	25
Developed technology	106		(33)	73
Customer relationships	30		(10)	20
Other	16		(9)	7
Total intangible assets	$	361	(236)	125

Estimated Amortization Expense

Estimated amortization expense for the remainder of 2024 through 2028 is as follows:

($ in millions)	Total
Remainder of 2024	$	9
2025	28
2026	22
2027	14
2028	9