ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of Allowance for Loan and Lease Losses

The ALLL activity for loans and leases is summarized in the following table.

Allowance for Loan and Lease Losses

dollars in millions	Three Months Ended March 31, 2024								Three Months Ended March 31, 2023
	Commercial		Consumer		SVB		Total		Commercial		Consumer		SVB		Total
Balance at beginning of period	$	1,126	$	166	$	455	$	1,747	$	789	$	133	$	—	$	922
Initial PCD ALLL	—		—		—		—		10		3		187		200
Day 2 provision for loan and lease losses	—		—		—		—		50		32		380		462
Provision (benefit) for loan and lease losses	59		(6)		40		93		57		14		—		71
Total provision (benefit) for loan and lease losses	59		(6)		40		93		107		46		380		533
Charge-offs	(75)		(7)		(46)		(128)		(54)		(8)		—		(62)
Recoveries	10		2		13		25		8		4		—		12
Balance at end of period	$	1,120	$	155	$	462	$	1,737	$	860	$	178	$	567	$	1,605

The following table presents the components of the provision for credit losses:

Provision for Credit Losses

dollars in millions	Three Months Ended March 31,
	2024		2023
Day 2 provision for loan and lease losses	$	—	$	462
Provision for loan and lease losses	93		71
Total provision for loan and lease losses	93		533
Day 2 provision for off-balance sheet credit exposure	—		254
Benefit from off-balance sheet credit exposure	(29)		(8)
Total (benefit) provision for off-balance sheet credit exposure	(29)		246
Provision for investment securities available for sale credit losses	—		4
Provision for credit losses	$	64	$	783