Goodwill and Other Intangibles (Tables)

9 Months Ended

Sep. 30, 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 September 30, 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	(17)
Balance at September 30, net of accumulated amortization	$	145

Core Deposit Intangible Accumulated Amortization

dollars in millions	September 30, 2022		December 31, 2021
Gross balance	$	271	$	128
Accumulated amortization	(126)		(109)
Balance, net of accumulated amortization	$	145	$	19

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table summarizes the expected amortization expense as of September 30, 2022 in subsequent periods for core deposit intangibles.

Core Deposit Intangible Expected Amortization

dollars in millions
Remainder 2022	$	5
2023	19
2024	17
2025	16
2026	15
2027	15
Thereafter	58
Total	$	145

Schedule of Finite-Lived Intangible Liabilities

The following tables summarize the activity for the intangible liability during the nine month period ending September 30, 2022.

Intangible Liability

dollars in millions	2022
Balance at January 1	$	—
Acquired in CIT Merger	52
Amortization	(12)
Balance at September 30, net of accumulated amortization	$	40

Schedule of Finite-Lived Intangible Liabilities, Future Amortization Expense

The following table summarizes the expected amortization as of September 30, 2022 in subsequent periods for the intangible liability.

Intangible Liability

dollars in millions
Remainder 2022	$	4
2023	12
2024	6
2025	4
2026	3
2027	2
Thereafter	9
Total	$	40