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GOODWILL AND CORE DEPOSIT INTANGIBLES
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND CORE DEPOSIT INTANGIBLES NOTE 7 — GOODWILL AND CORE DEPOSIT INTANGIBLES
Goodwill
BancShares had goodwill of $346 million at March 31, 2025 and December 31, 2024. There was no goodwill impairment during the three months ended March 31, 2025 or 2024. Goodwill relates to the General Bank reporting segment.

Core Deposit Intangibles
Core deposit intangibles represent the estimated fair value of core deposits and other customer relationships acquired. Core deposit intangibles are being amortized over their estimated useful lives. The following tables summarize the activity for core deposit intangibles:

Core Deposit Intangibles
Three Months Ended March 31,
dollars in millions2025
Balance at beginning of period, net of accumulated amortization $249 
Less: amortization for the period15 
Balance at end of period, net of accumulated amortization$234 

The following table summarizes the accumulated amortization balance for core deposit intangibles:

Core Deposit Intangible Accumulated Amortization
dollars in millionsMarch 31, 2025December 31, 2024
Gross balance$501 $501 
Less: accumulated amortization267 252 
Balance, net of accumulated amortization$234 $249 

The following table summarizes the expected amortization expense as of March 31, 2025 in subsequent periods for core deposit intangibles:

Core Deposit Intangible Expected Amortization
dollars in millions
Remainder 2025$39 
202646 
202739 
202834 
202930 
203028 
Thereafter18 
Balance, net of accumulated amortization$234