ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2024								Three Months Ended June 30, 2023
	Commercial		Consumer		SVB		Total		Commercial		Consumer		SVB		Total
Balance at beginning of period	$	1,120	$	155	$	462	$	1,737	$	860	$	178	$	567	$	1,605
Initial PCD ALLL	—		—		—		—		4		—		16		20
Day 2 (benefit) provision for loan and lease losses	—		—		—		—		(11)		11		—		—
Provision (benefit) for loan and lease losses	66		1		28		95		173		(13)		9		169
Total provision (benefit) for loan and lease losses	66		1		28		95		162		(2)		9		169
Charge-offs	(96)		(6)		(57)		(159)		(70)		(6)		(100)		(176)
Recoveries	13		3		11		27		12		3		4		19
Balance at end of period	$	1,103	$	153	$	444	$	1,700	$	968	$	173	$	496	$	1,637

dollars in millions	Six Months Ended June 30, 2024								Six Months Ended June 30, 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	—		—		—		—		14		3		203		220
Day 2 provision for loan and lease losses	—		—		—		—		39		43		380		462
Provision (benefit) for loan and lease losses	125		(5)		68		188		230		1		9		240
Total provision (benefit) for loan and lease losses	125		(5)		68		188		269		44		389		702
Charge-offs	(171)		(13)		(103)		(287)		(124)		(14)		(100)		(238)
Recoveries	23		5		24		52		20		7		4		31
Balance at end of period	$	1,103	$	153	$	444	$	1,700	$	968	$	173	$	496	$	1,637

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

Provision for Credit Losses

dollars in millions	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Day 2 provision for loan and lease losses	$	—	$	—	$	—	$	462
Provision for loan and lease losses	95		169		188		240
Total provision for loan and lease losses	95		169		188		702
Day 2 provision for off-balance sheet credit exposure	—		—		—		254
Benefit from off-balance sheet credit exposure	—		(17)		(29)		(25)
Total (benefit) provision for off-balance sheet credit exposure	—		(17)		(29)		229
(Benefit) provision for investment securities available for sale credit losses	—		(1)		—		3
Provision for credit losses	$	95	$	151	$	159	$	934