BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2025

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:

Long-term Borrowings

dollars in millions	Maturity	March 31, 2025		December 31, 2024
Parent Company:
Senior:
Fixed-to-Floating Senior Notes at 5.231%(1)	March 2031	$	497	$	—
Subordinated:
Fixed-to-Floating subordinated notes at 3.375%(2)	March 2030	350		350
Fixed-to-Fixed Subordinated Notes at 6.254%(3)	March 2040	745		—
Subsidiaries:
Senior:
Fixed senior unsecured notes at 6.00%	April 2036	58		58
Subordinated:
Fixed subordinated notes at 6.125%	March 2028	441		445
Secured:
Purchase Money Note to FDIC fixed at 3.50%(4)	March 2028	35,829		35,816
Capital lease obligations	Maturities through May 2057	36		15
Total long-term borrowings		$	37,956	$	36,684

(1) The fixed rate period will end March 12, 2030, and the notes will thereafter bear a floating interest rate equal to a benchmark rate based on the Compounded Secured Overnight Financing Rate (“SOFR”) Index Rate plus 141 basis points (“bps”) per annum until the maturity date (or date of earlier redemption).

(2) The fixed rate period ended on March 15, 2025, and the notes now bear a floating interest rate equal to Three-Month Term SOFR plus 246.5 bps per annum.

(3) The interest rate will reset on March 12, 2035, and the notes will thereafter bear a fixed interest rate equal to the Five-year U.S. Treasury Rate plus 197 bps per annum until the maturity date (or date of earlier redemption).

(4)    Refer to Note 2—Business Combinations and Note 4—Loans and Leases.