BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Borrowings

The following table presents long-term borrowings, net of the respective unamortized purchase accounting adjustments and issuance costs, at December 31, 2024 and 2023:

Long-term Borrowings

dollars in millions	Maturity	December 31, 2024		December 31, 2023
Parent Company:
Subordinated:
Fixed-to-Floating subordinated notes at 3.375%	March 2030	$	350	$	349
Junior subordinated debentures (FCB/SC Capital Trust II)(1)	June 2034	—		18
Subsidiaries:
Senior:
Senior unsecured fixed-to-floating rate notes at 2.969%(2)	September 2025	—		318
Fixed senior unsecured notes at 6.00%	April 2036	58		59
Subordinated:
Fixed subordinated notes at 6.125%	March 2028	445		460
Fixed-to-Fixed subordinated notes at 4.125%(3)	November 2029	—		101
Junior subordinated debentures (SCB Capital Trust I)(1)	April 2034	—		10
Secured:
Purchase Money Note to FDIC fixed at 3.50% (4)	March 2028	35,816		35,846
Capital lease obligations	Maturities through May 2057	15		8
Total long-term borrowings		$	36,684	$	37,169

(1)    The borrowings were called during the first quarter of 2024, resulting in a $2 million loss on extinguishment of debt for the year ended December 31, 2024.

(2) Included a callable feature one year prior to maturity and the debt was redeemed in September 2024.

(3) Included an optional redemption feature five years prior to maturity which was exercised in November 2024.

(4) Issued in connection with the SVBB Acquisition and secured by collateral. Refer to Note 2—Business Combinations and Note 4—Loans and Leases.

Schedule of Maturities of Long-Term Debt

Contractual maturities of long-term borrowings (borrowings with original maturities of more than one year) at December 31, 2024 are included in the following table.

Long-term Borrowings Maturities

dollars in millions
Year Ended December 31, (1)
2025	$	(36)
2026	(39)
2027	(39)
2028	36,380
2029	1
Thereafter	417
Total long-term borrowings	$	36,684

(1)    Amounts in this table include amortization and accretion of purchase accounting adjustments based on the scheduled periods of recognition.