ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)

3 Months Ended

Mar. 31, 2025

The following table details the components of AOCI:

Components of Accumulated Other Comprehensive Loss


dollars in millions	March 31, 2025						December 31, 2024
	Pretax		Income Taxes		Net of Income Taxes		Pretax		Income Taxes		Net of Income Taxes
Unrealized loss on securities available for sale	$	(440)	$	95	$	(345)	$	(762)	$	178	$	(584)
Unrealized loss on securities available for sale transferred to held to maturity	(6)		2		(4)		(6)		2		(4)
Defined benefit pension items	182		(47)		135		182		(47)		135

Unrealized gain on cash flow hedge derivatives	20		(5)		15		11		(3)		8
Total accumulated other comprehensive loss	$	(244)	$	45	$	(199)	$	(575)	$	130	$	(445)

The following table details the changes in the components of AOCI, net of income taxes:

Changes in Accumulated Other Comprehensive (Loss) Income by Component


dollars in millions	Unrealized loss on securities available for sale		Unrealized loss on securities available for sale transferred to held to maturity		Defined benefit pension items		Unrealized gain on cash flow hedge derivatives		Total accumulated other comprehensive loss
Balance as of December 31, 2024	$	(584)	$	(4)	$	135	$	8	$	(445)
AOCI activity before reclassifications	239		—		—		10		249
Amounts reclassified from AOCI to earnings	—		—		—		(3)		(3)
Other comprehensive income for the period	239		—		—		7		246
Balance as of March 31, 2025	$	(345)	$	(4)	$	135	$	15	$	(199)

Balance as of December 31, 2023	$	(577)	$	(5)	$	91	$	—	$	(491)


Other comprehensive loss for the period	(91)		—		—		—		(91)
Balance as of March 31, 2024	$	(668)	$	(5)	$	91	$	—	$	(582)

The following table presents the pretax and after tax components of other comprehensive income:

Other Comprehensive Income (Loss) by Component


dollars in millions	Three Months Ended March 31,
	2025						2024
	Pretax		Income Taxes		Net of Income Taxes		Pretax		Income Taxes		Net of Income Taxes		Income Statement Line Items
Unrealized loss on securities available for sale:


Other comprehensive income (loss) on securities available for sale	$	322	$	(83)	$	239	$	(124)	$	33	$	(91)
















Unrealized gain on cash flow hedge derivatives:
AOCI activity before reclassifications	$	12	$	(2)	$	10	$	—	$	—	$	—
Amounts reclassified from AOCI to earnings	(3)		—		(3)		—		—		—		Interest and fees on loans
Other comprehensive income on cash flow hedge derivatives	$	9	$	(2)	$	7	$	—	$	—	$	—
Total other comprehensive income (loss)	$	331	$	(85)	$	246	$	(124)	$	33	$	(91)