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Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2022
Investments [Abstract]  
Schedule of Amortized Cost and Fair Value of Investment Securities
The following tables as of March 31, 2022 include the investment security balances acquired in the CIT Merger, which were recorded at fair value on the acquisition date. The amortized cost and fair value of investment securities at March 31, 2022 and December 31, 2021, were as follows:

Amortized Cost and Fair Value - Debt Securities
March 31, 2022
dollars in millions Amortized CostGross
Unrealized
Gains		Gross Unrealized
Losses		Fair
value
Investment securities available for sale
U.S. Treasury$2,014 $— $(83)$1,931 
Government agency206 1 (1)206 
Residential mortgage-backed securities5,340 — (288)5,052 
Commercial mortgage-backed securities1,584 2 (66)1,520 
Corporate bonds582 8 (4)586 
Total investment securities available for sale$9,726 $11 $(442)$9,295 
Investment in marketable equity securities$73 $27 $— $100 
Investment securities held to maturity
U.S. Treasury$471 $— $(24)$447 
Government agency1,541 — (78)1,463 
Residential mortgage-backed securities4,776 — (315)4,461 
Commercial mortgage-backed securities2,988 — (183)2,805 
Supranational securities294 — (17)277 
Other4 — — 4 
Total investment securities held to maturity$10,074 $— $(617)$9,457 
Total investment securities$19,873 $38 $(1,059)$18,852 
December 31, 2021
dollars in millionsAmortized CostGross
Unrealized
Gains		Gross Unrealized
Losses		Fair
value
Investment securities available for sale
U.S. Treasury$2,007 $— $(2)$2,005 
Government agency221 1 (1)221 
Residential mortgage-backed securities4,757 8 (36)4,729 
Commercial mortgage-backed securities1,648 9 (17)1,640 
Corporate bonds582 27 (1)608 
State, county and municipal— — — — 
Total investment securities available for sale$9,215 $45 $(57)$9,203 
Investment in marketable equity securities$73 $25 $— $98 
Investment securities held to maturity
Residential mortgage-backed securities$2,322 $6 $(22)$2,306 
Commercial mortgage-backed securities1,485 — (34)1,451 
Other2 — — 2 
Total investment securities held to maturity$3,809 $6 $(56)$3,759 
Total investment securities$13,097 $76 $(113)$13,060 
Schedule of Investment Securities Maturity Information
The following table provides the amortized cost and fair value by contractual maturity. Expected maturities will differ from contractual maturities on certain securities because borrowers and issuers may have the right to call or prepay obligations with or without prepayment penalties. Residential and commercial mortgage-backed and government agency securities are stated separately as they are not due at a single maturity date.

Maturities - Debt Securities
March 31, 2022December 31, 2021
dollars in millionsCostFair
value		CostFair
value
Investment securities available for sale
Non-amortizing securities maturing in:
One year or less$9 $9 $— $— 
After one through five years2,055 1,972 2,049 2,048 
After five through 10 years515 520 523 548 
After 10 years17 16 17 17 
Government agency206 206 221 221 
Residential mortgage-backed securities5,340 5,052 4,757 4,729 
Commercial mortgage-backed securities1,584 1,520 1,648 1,640 
Total investment securities available for sale$9,726 $9,295 $9,215 $9,203 
Investment securities held to maturity
Non-amortizing securities maturing in:
One year or less$4 $4 $2 $2 
After one through five years873 836 — — 
After five through 10 years1,433 1,351 — — 
Residential mortgage-backed securities4,776 4,461 2,322 2,306 
Commercial mortgage-backed securities2,988 2,805 1,485 1,451 
Total investment securities held to maturity$10,074 $9,457 $3,809 $3,759 
Schedule of Other Interest and Dividend Income
The following table presents interest and dividend income on investments and other interest-bearing assets:

Other Interest and Dividend Income
Three months ended March 31,
dollars in millions20222021
Interest income - taxable debt securities$83 $30 
Interest income - interest-bearing cash5 1 
Dividend income - marketable equity securities1 1 
Total other interest and dividend income$89 $32 
Schedule of Realized Gain (Loss)
The following table provides the gross realized gains and losses on the sales of investment securities available for sale:

Realized Gains on Debt Securities Available For Sale
Three months ended March 31,
dollars in millions20222021
Gross realized gains on sales of investment securities available for sale$— $9 
Gross realized losses on sales of investment securities available for sale— — 
Net realized gains on sales of investment securities available for sale$— $9 

The following table provides the realized and unrealized gains and losses on marketable equity securities:

Realized and Unrealized Gains on Marketable Equity Securities
Three months ended March 31,
dollars in millions20222021
Marketable equity securities gains, net$3 $16 
Unrealized gains recognized on marketable equity securities held for sale$3 $16 
Schedule of Unrealized Loss on Available-for-sale Securities
The following table provides information regarding investment securities available for sale with unrealized losses for which an ACL has not been recorded:

Gross Unrealized Losses on Debt Securities Available For Sale
March 31, 2022
Less than 12 months12 months or moreTotal
dollars in millionsFair
value		Unrealized
losses		Fair
value		Unrealized
losses		Fair
value		Unrealized
losses
Investment securities available for sale
U.S. Treasury$1,931 $(83)$— $— $1,931 $(83)
Government agency21 — 74 (1)95 (1)
Residential mortgage-backed securities4,247 (239)670 (49)4,917 (288)
Commercial mortgage-backed securities744 (42)485 (24)1,229 (66)
Corporate bonds187 (4)— — 187 (4)
Total$7,130 $(368)$1,229 $(74)$8,359 $(442)
December 31, 2021
Less than 12 months12 months or moreTotal
dollars in millionsFair
value		Unrealized
losses		Fair
value		Unrealized
losses		Fair
value		Unrealized
losses
Investment securities available for sale
U.S. Treasury$1,811 $(2)$— $— $1,811 $(2)
Government agency17 — 79 (1)96 (1)
Residential mortgage-backed securities3,992 (36)1 — 3,993 (36)
Commercial mortgage-backed securities852 (15)111 (2)963 (17)
Corporate bonds52 (1)— — 52 (1)
Total$6,724 $(54)$191 $(3)$6,915 $(57)