Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2025

Activity of the Components of Other Comprehensive Income and Accumulated Other Comprehensive Income

The tables below present the activity of the components of OCI and AOCI for the three months ended:


	Total OCI				Total AOCI
September 30, 2025 ($ in millions)	Pre-tax Activity		Tax Effect	Net Activity	Beginning Balance	Net Activity	Ending Balance
Unrealized holding gains on available-for-sale debt securities arising during period	$	305	(75)	230
Reclassification adjustment for net losses on available-for-sale debt securities included in net income	—		—	—
Net unrealized losses on available-for-sale debt securities	305		(75)	230	(2,620)	230	(2,390)

Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income	31		(6)	25
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities	31		(6)	25	(637)	25	(612)

Unrealized holding losses on cash flow hedge derivatives arising during period	(25)		6	(19)
Reclassification adjustment for net losses on cash flow hedge derivatives included in net income	43		(10)	33
Net unrealized losses on cash flow hedge derivatives	18		(4)	14	(271)	14	(257)

Net actuarial loss arising during the year	(1)		—	(1)
Reclassification of amounts to net periodic benefit costs	2		—	2
Defined benefit pension plans, net	1		—	1	(16)	1	(15)

Other	—		—	—	(2)	—	(2)
Total	$	355	(85)	270	(3,546)	270	(3,276)


	Total OCI				Total AOCI
September 30, 2024 ($ in millions)	Pre-tax Activity		Tax Effect	Net Activity	Beginning Balance	Net Activity	Ending Balance
Unrealized holding gains on available-for-sale debt securities arising during period	$	1,241	(297)	944

Reclassification adjustment for net losses on available-for-sale debt securities included in net income	11		(2)	9
Net unrealized losses on available-for-sale debt securities	1,252		(299)	953	(3,486)	953	(2,533)


Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income	33		(7)	26
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities	33		(7)	26	(735)	26	(709)

Unrealized holding gains on cash flow hedge derivatives arising during period	530		(127)	403
Reclassification adjustment for net losses on cash flow hedge derivatives included in net income	91		(21)	70
Net unrealized losses on cash flow hedge derivatives	621		(148)	473	(659)	473	(186)


Reclassification of amounts to net periodic benefit costs	1		—	1
Defined benefit pension plans, net	1		—	1	(17)	1	(16)

Other	2		—	2	(4)	2	(2)
Total	$	1,909	(454)	1,455	(4,901)	1,455	(3,446)

The tables below present the activity of the components of OCI and AOCI for the nine months ended:


	Total OCI				Total AOCI
September 30, 2025 ($ in millions)	Pre-tax Activity		Tax Effect	Net Activity	Beginning Balance	Net Activity	Ending Balance
Unrealized holding gains on available-for-sale debt securities arising during the year	$	1,175	(285)	890
Reclassification adjustment for net gains on available-for-sale debt securities included in net income	—		—	—
Net unrealized losses on available-for-sale debt securities	1,175		(285)	890	(3,280)	890	(2,390)

Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income	91		(19)	72
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities	91		(19)	72	(684)	72	(612)

Unrealized holding gains on cash flow hedge derivatives arising during the year	373		(89)	284
Reclassification adjustment for net losses on cash flow hedge derivatives included in net income	149		(36)	113
Net unrealized losses on cash flow hedge derivatives	522		(125)	397	(654)	397	(257)

Net actuarial loss arising during the year	(1)		—	(1)
Reclassification of amounts to net periodic benefit costs	2		—	2
Defined benefit pension plans, net	1		—	1	(16)	1	(15)

Other	—		—	—	(2)	—	(2)
Total	$	1,789	(429)	1,360	(4,636)	1,360	(3,276)


	Total OCI				Total AOCI
September 30, 2024 ($ in millions)	Pre-tax Activity		Tax Effect	Net Activity	Beginning Balance	Net Activity	Ending Balance
Unrealized holding gains on available-for-sale debt securities arising during period	$	1,001	(238)	763
Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities	994		(209)	785
Reclassification adjustment for net losses on available-for-sale debt securities included in net income	17		(4)	13
Net unrealized losses on available-for-sale debt securities	2,012		(451)	1,561	(4,094)	1,561	(2,533)

Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities	(994)		209	(785)
Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income	97		(21)	76
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities	(897)		188	(709)	—	(709)	(709)

Unrealized holding losses on cash flow hedge derivatives arising during period	(29)		7	(22)
Reclassification adjustment for net losses on cash flow hedge derivatives included in net income	270		(62)	208
Net unrealized losses on cash flow hedge derivatives	241		(55)	186	(372)	186	(186)


Reclassification of amounts to net periodic benefit costs	1		—	1
Defined benefit pension plans, net	1		—	1	(17)	1	(16)

Other	2		—	2	(4)	2	(2)
Total	$	1,359	(318)	1,041	(4,487)	1,041	(3,446)

Reclassification Out of Accumulated Other Comprehensive Income to Net Income

The table below presents reclassifications out of AOCI:


	Condensed Consolidated Statements of Income Caption	For the three months ended September 30,			For the nine months ended September 30,
($ in millions)		2025		2024	2025	2024
Net unrealized losses on available-for-sale debt securities:(a)
Net losses included in net income	Securities gains, net	$	—	(11)	—	(17)
	Income before income taxes	—		(11)	—	(17)
	Applicable income tax expense	—		2	—	4
	Net income	—		(9)	—	(13)
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities:(a)
Net losses included in net income	Interest on securities	(31)		(33)	(91)	(97)
	Income before income taxes	(31)		(33)	(91)	(97)
	Applicable income tax expense	6		7	19	21
	Net income	(25)		(26)	(72)	(76)
Net unrealized losses on cash flow hedge derivatives:(a)
Interest rate contracts related to C&I, commercial mortgage and commercial construction loans	Interest and fees on loans and leases	(43)		(91)	(149)	(270)
	Income before income taxes	(43)		(91)	(149)	(270)
	Applicable income tax expense	10		21	36	62
	Net income	(33)		(70)	(113)	(208)
Net periodic benefit costs:(a)
Amortization of net actuarial loss	Compensation and benefits(b)	(1)		(1)	(1)	(1)
Settlements	Compensation and benefits(b)	(1)		—	(1)	—
	Income before income taxes	(2)		(1)	(2)	(1)
	Applicable income tax expense	—		—	—	—
	Net income	(2)		(1)	(2)	(1)
Other:(a)
Net losses included in net income	Other noninterest expense	—		(2)	—	(2)
	Income before income taxes	—		(2)	—	(2)
	Applicable income tax expense	—		—	—	—
	Net income	—		(2)	—	(2)

Total reclassifications for the period	Net income	$	(60)	(108)	(187)	(300)

(a)Amounts in parentheses indicate reductions to net income.

(b)This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 22 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024 for further information.