SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

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.


	Three Months Ended March 31, 2025
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	788	$	293	$	493	$	(52)	$	141	$	1,663
Rental income on operating lease equipment	—		56		—		214		—		270
All other noninterest income	164		69		132		2		(2)		365
Total noninterest income	164		125		132		216		(2)		635
Total revenue	952		418		625		164		139		2,298
Depreciation on operating lease equipment	—		44		—		54		—		98
Maintenance and other operating lease expenses	—		—		—		58		—		58
Personnel cost	214		72		114		8		410		818
Acquisition-related expenses	—		—		—		—		42		42
All other noninterest expense (3)	351		159		265		14		(312)		477
Total noninterest expense	565		275		379		134		140		1,493

Provision for credit losses	46		85		23		—		—		154
Income (loss) before income taxes	341		58		223		30		(1)		651
Income tax expense	88		15		57		8		—		168
Net income (loss)	$	253	$	43	$	166	$	22	$	(1)	$	483

Select Period End Balances
Loans and leases	$	64,847	$	38,631	$	37,818	$	62	$	—	$	141,358
Operating lease equipment, net	—		731		—		8,640		—		9,371

Deposits	74,309		2,994		37,020		12		44,990		159,325

(1) Corporate includes all other financial information that is not included in the reportable segments.
(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	Three Months Ended March 31, 2024
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	684	$	300	$	523	$	(43)	$	353	$	1,817
Rental income on operating lease equipment	—		57		—		198		—		255
All other noninterest income	145		83		134		4		6		372
Total noninterest income	145		140		134		202		6		627
Total revenue	829		440		657		159		359		2,444
Depreciation on operating lease equipment	—		46		—		50		—		96
Maintenance and other operating lease expenses	—		—		—		45		—		45
Personnel cost	207		74		119		8		336		744
Acquisition-related expenses	—		—		—		—		58		58
All other noninterest expense (3)	321		140		247		14		(289)		433
Total noninterest expense	528		260		366		117		105		1,376

Provision for credit losses	21		20		23		—		—		64
Income before income taxes	280		160		268		42		254		1,004
Income tax expense	79		42		75		11		66		273
Net income	$	201	$	118	$	193	$	31	$	188	$	731

Select Period End Balances
Loans and leases	$	62,015	$	36,251	$	37,042	$	62	$	—	$	135,370
Operating lease equipment, net	—		763		—		8,048		—		8,811

Deposits	70,908		3,400		33,879		14		41,408		149,609

(1) Corporate includes all other financial information that is not included in the reportable segments.
(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.