Investment Securities (Tables)

9 Months Ended

Sep. 30, 2025

Investments, Debt and Equity Securities [Abstract]

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:


September 30, 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	$	2,105	—	—	2,105

Mortgage-backed securities:
Agency residential mortgage-backed securities	8,102		12	(579)	7,535
Agency commercial mortgage-backed securities	22,812		4	(2,252)	20,564
Non-agency commercial mortgage-backed securities	3,163		1	(217)	2,947
Asset-backed securities and other debt securities	2,567		1	(126)	2,442
Other securities(a)	868		—	—	868
Total available-for-sale debt and other securities	$	39,617	18	(3,174)	36,461
Held-to-maturity securities:(b)
U.S. Treasury and federal agencies securities	$	2,421	15	—	2,436
Mortgage-backed securities:
Agency residential mortgage-backed securities	5,133		13	(56)	5,090
Agency commercial mortgage-backed securities	3,942		41	(5)	3,978
Asset-backed securities and other debt securities	2		—	—	2
Total held-to-maturity securities	$	11,498	69	(61)	11,506

(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $362, $504 and $2, respectively, at September 30, 2025, that are carried at cost.

(b)The amortized cost basis includes a discount of $774 at September 30, 2025 pertaining to the remaining unamortized portion of unrealized losses on securities transferred to HTM.


December 31, 2024 ($ in millions)	Amortized Cost		Unrealized Gains	Unrealized Losses	Fair Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities	$	4,358	2	—	4,360

Mortgage-backed securities:
Agency residential mortgage-backed securities	6,460		—	(779)	5,681
Agency commercial mortgage-backed securities	23,853		1	(3,022)	20,832
Non-agency commercial mortgage-backed securities	4,505		—	(338)	4,167
Asset-backed securities and other debt securities	3,924		3	(198)	3,729
Other securities(a)	778		—	—	778
Total available-for-sale debt and other securities	$	43,878	6	(4,337)	39,547
Held-to-maturity securities:(b)
U.S. Treasury and federal agencies securities	$	2,370	—	(26)	2,344
Mortgage-backed securities:
Agency residential mortgage-backed securities	4,898		—	(197)	4,701
Agency commercial mortgage-backed securities	4,008		—	(90)	3,918
Asset-backed securities and other debt securities	2		—	—	2
Total held-to-maturity securities	$	11,278	—	(313)	10,965

(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $276, $500 and $2, respectively, at December 31, 2024, that are carried at cost.

(b)The amortized cost basis includes a discount of $865 at December 31, 2024 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)	September 30, 2025		December 31, 2024
Trading debt securities	$	1,266	1,185
Equity securities	287		341

Realized Gains and Losses Recognized in Income from Investment Securities

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


	For the three months ended September 30,			For the nine months ended September 30,
($ in millions)	2025		2024	2025	2024
Available-for-sale debt and other securities:
Realized gains	$	3	—	9	4
Realized losses	(3)		—	(9)	—
Impairment losses	—		(11)	—	(21)
Net losses on available-for-sale debt and other securities	$	—	(11)	—	(17)
Trading debt securities:
Net realized gains	—		1	—	—
Net unrealized gains	—		—	—	—
Net trading debt securities gains	$	—	1	—	—
Equity securities:
Net realized (losses) gains	3		4	(2)	15
Net unrealized gains	7		16	19	25
Net equity securities gains	$	10	20	17	40
Total gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities(a)	$	10	10	17	23

(a)Excludes $5 and $11 of net securities gains for the three and nine months ended September 30, 2025, respectively, and $7 and $9 of net securities gains for the three and nine months ended September 30, 2024, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These gains and losses are included in capital markets fees 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 September 30, 2025 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	$	2,871	2,860	605	605
Due after 1 year through 5 years	13,192		12,567	2,795	2,820
Due after 5 years through 10 years	17,364		15,534	7,765	7,746
Due after 10 years	5,322		4,632	333	335
Other securities	868		868	—	—
Total	$	39,617	36,461	11,498	11,506

(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
($ in millions)	Fair Value		Unrealized Losses	Fair Value	Unrealized Losses	Fair Value	Unrealized Losses
September 30, 2025
U.S. Treasury and federal agencies securities	$	1,555	—	—	—	1,555	—

Agency residential mortgage-backed securities	894		(9)	4,655	(570)	5,549	(579)
Agency commercial mortgage-backed securities	62		(1)	20,290	(2,251)	20,352	(2,252)
Non-agency commercial mortgage-backed securities	—		—	2,811	(217)	2,811	(217)
Asset-backed securities and other debt securities	151		(1)	2,215	(125)	2,366	(126)
Total	$	2,662	(11)	29,971	(3,163)	32,633	(3,174)
December 31, 2024
U.S. Treasury and federal agencies securities	$	569	—	—	—	569	—
Agency residential mortgage-backed securities	1,061		(14)	4,566	(765)	5,627	(779)
Agency commercial mortgage-backed securities	157		(6)	20,536	(3,016)	20,693	(3,022)
Non-agency commercial mortgage-backed securities	183		(3)	3,984	(335)	4,167	(338)
Asset-backed securities and other debt securities	283		(11)	3,157	(187)	3,440	(198)
Total	$	2,253	(34)	32,243	(4,303)	34,496	(4,337)