Goodwill and Other Intangibles (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The following tables summarize the activity for core deposit intangibles during the quarter ending March 31, 2022.

Core Deposit Intangibles

dollars in millions	2022
Balance, net of accumulated amortization at January 1	$	19
Core deposit intangibles related to the CIT Merger	143
Amortization for the period	(6)
Balance at March 31, net of accumulated amortization	$	156

Core Deposit Intangible Accumulated Amortization

dollars in millions	March 31, 2022		December 31, 2021
Gross balance	$	271	$	128
Accumulated amortization	(115)		(109)
Balance, net of accumulated amortization	$	156	$	19

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table summarizes the expected amortization expense in subsequent periods for core deposit intangibles.

Core Deposit Intangible Expected Amortization

dollars in millions
Twelve months ended March 31,
2023	$	21
2024	19
2025	16
2026	16
2027	15
Thereafter	69
Total	$	156

Schedule of Finite-Lived Intangible Liabilities

The following tables summarize the activity for the intangible liability during the quarter ending March 31, 2022.

Intangible Liability

dollars in millions	2022
Balance at January 1	$	—
Acquired in CIT Merger	52
Amortization	(4)
Balance at March 31, net of accumulated amortization	$	48

Intangible Liability Accumulated Amortization

dollars in millions	March 31, 2022
Gross balance	$	52
Accumulated amortization	(4)
Balance, net of accumulated amortization	$	48

Schedule of Finite-Lived Intangible Liabilities, Future Amortization Expense

The following table summarizes the expected accretion in subsequent periods for the intangible liability.

Intangible Liability

dollars in millions
Twelve months ended March 31,
2023	$	15
2024	11
2025	5
2026	3
2027	3
Thereafter	11
Total	$	48