SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Segment Reporting Information

The following tables present the condensed income statements by segment and include the significant segment expenses and measure of segment profit or loss that are further discussed in Note 1—Significant Accounting Policies and Basis of Presentation.


dollars in millions	Year Ended December 31, 2024
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	2,980	$	1,100	$	2,274	$	(186)	$	975	$	7,143
Rental income on operating lease equipment	—		227		—		821		—		1,048
All other noninterest income	612		315		565		15		60		1,567
Total noninterest income	612		542		565		836		60		2,615
Total revenue	3,592		1,642		2,839		650		1,035		9,758
Depreciation on operating lease equipment	—		185		—		209		—		394
Maintenance and other operating lease expenses	—		—		—		219		—		219
Personnel cost	787		233		530		25		1,503		3,078
Acquisition-related expenses	—		—		—		—		210		210
All other noninterest expense (3)	1,244		493		1,023		50		(976)		1,834
Total noninterest expense	2,031		911		1,553		503		737		5,735

Provision for credit losses	153		144		134		—		—		431
Income before income taxes	1,408		587		1,152		147		298		3,592
Income tax expense (benefit)	362		147		295		36		(25)		815
Net income	$	1,046	$	440	$	857	$	111	$	323	$	2,777
Select Period End Balances
Loans and leases	$	66,768	$	33,197	$	40,194	$	62	$	—	$	140,221
Operating lease equipment, net	—		750		—		8,573		—		9,323

Deposits	73,062		3,283		36,637		18		42,229		155,229

(1) Corporate includes all other financial information that is not included in the reportable segments as further discussed above and in Note 1—Significant Accounting Policies and Basis of Presentation.
(2) In the segment reporting table above, there are no reconciling differences between BancShares and the aggregate of all reportable segments and Corporate.
(3) All other noninterest expense represents “other segment items” under ASC 280 and primarily includes Allocated Expenses, net occupancy expense, equipment expense, professional fees, third-party processing fees, FDIC insurance expense, marketing expense, and intangible amortization. All other noninterest expense is presented net of Allocated Expenses in the segment reporting table above, resulting in Contra Expense for Corporate as further discussed above.


dollars in millions	Year Ended December 31, 2023
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	2,580	$	1,015	$	1,647	$	(143)	$	1,613	$	6,712
Rental income on operating lease equipment	—		231		—		740		—		971
All other noninterest income	526		329		430		5		9,814		11,104
Total noninterest income	526		560		430		745		9,814		12,075
Total revenue	3,106		1,575		2,077		602		11,427		18,787
Depreciation on operating lease equipment	—		180		—		191		—		371
Maintenance and other operating lease expenses	—		—		—		222		—		222
Personnel cost	725		194		401		22		1,294		2,636
Acquisition-related expenses	—		—		—		—		470		470
All other noninterest expense (3)	1,114		450		883		45		(856)		1,636
Total noninterest expense	1,839		824		1,284		480		908		5,335

Provision for credit losses	77		517		65		—		716		1,375
Income before income taxes	1,190		234		728		122		9,803		12,077
Income tax expense	319		69		184		32		7		611
Net income	$	871	$	165	$	544	$	90	$	9,796	$	11,466
Select Period End Balances
Loans and leases	$	62,832	$	30,936	$	39,511	$	23	$	—	$	133,302
Operating lease equipment, net	—		780		—		7,966		—		8,746

Deposits	68,729		3,228		34,730		13		39,154		145,854

(1) Corporate includes all other financial information that is not included in the reportable segments as further discussed above and in Note 1—Significant Accounting Policies and Basis of Presentation.
(2) In the segment reporting table above, there are no reconciling differences between BancShares and the aggregate of all reportable segments and Corporate.
(3) All other noninterest expense represents “other segment items” under ASC 280 and primarily includes Allocated Expenses, net occupancy expense, equipment expense, professional fees, third-party processing fees, FDIC insurance expense, marketing expense, and intangible amortization. All other noninterest expense is presented net of Allocated Expenses in the segment reporting table above, resulting in Contra Expense for Corporate as further discussed above.


dollars in millions	Year Ended December 31, 2022
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	1,830	$	884	$	—	$	(80)	$	312	$	2,946
Rental income on operating lease equipment	—		212		—		652		—		864
All other noninterest income	483		306		—		4		479		1,272
Total noninterest income	483		518		—		656		479		2,136
Total revenue	2,313		1,402		—		576		791		5,082
Depreciation on operating lease equipment	—		169		—		176		—		345
Maintenance and other operating lease expenses	—		—		—		189		—		189
Personnel cost	549		171		—		20		668		1,408
Acquisition-related expenses	—		—		—		—		231		231
All other noninterest expense (3)	909		405		—		42		(454)		902
Total noninterest expense	1,458		745		—		427		445		3,075

Provision for credit losses	11		121		—		—		513		645
Income (loss) before income taxes	844		536		—		149		(167)		1,362
Income tax expense (benefit)	214		128		—		37		(115)		264
Net income (loss)	$	630	$	408	$	—	$	112	$	(52)	$	1,098
Select Period End Balances
Loans and leases	$	43,212	$	27,491	$	—	$	78	$	—	$	70,781
Operating lease equipment, net	—		723		—		7,433		—		8,156

Deposits	67,894		3,219		—		15		18,280		89,408

(1) Corporate includes all other financial information that is not included in the reportable segments as further discussed above and in Note 1—Significant Accounting Policies and Basis of Presentation.
(2) In the segment reporting table above, there are no reconciling differences between BancShares and the aggregate of all reportable segments and Corporate.
(3) All other noninterest expense represents “other segment items” under ASC 280 and primarily includes Allocated Expenses, net occupancy expense, equipment expense, professional fees, third-party processing fees, FDIC insurance expense, marketing expense, and intangible amortization. All other noninterest expense is presented net of Allocated Expenses in the segment reporting table above, resulting in Contra Expense for Corporate as further discussed above.