XML 43 R32.htm IDEA: XBRL DOCUMENT v3.25.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Operating and Finance Lease Assets and Liabilities
The following table presents supplemental balance sheet information and remaining weighted average lease terms and discount rates:

Supplemental Lease Information
dollars in millionsClassificationJune 30, 2025December 31, 2024
Lease assets:
Operating lease ROU assetsOther assets$318 $316 
Finance leasesPremises and equipment60 15 
Total lease assets$378 $331 
Lease liabilities:
Operating leasesOther liabilities$356 $357 
Finance leasesOther borrowings63 15 
Total lease liabilities$419 $372 
Weighted-average remaining lease terms:
Operating leases7.2 years7.4 years
Finance leases8.0 years11.7 years
Weighted-average discount rate:
Operating leases2.97 %2.94 %
Finance leases4.33 3.96 
Schedule of Net Lease Cost
The following table presents components of lease cost:

Components of Net Lease Cost
dollars in millionsThree Months Ended June 30,Six Months Ended June 30,
Classification2025202420252024
Operating lease cost
Occupancy expense$18 $19 $36 $37 
Finance lease ROU asset amortizationEquipment expense2 — 3 1 
Interest on lease liabilitiesInterest expense - other borrowings1 — 1 — 
Variable lease cost (1)
Occupancy expense5 6 12 15 
Sublease income Occupancy expense(1)(2)(3)(3)
Net lease cost (1)
$25 $23 $49 $50 
(1) Includes short-term lease cost.
Schedule of Supplemental Cash Flow Information
The following table presents supplemental cash flow information related to leases:

Supplemental Cash Flow Information
dollars in millionsSix Months Ended June 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$40 $37 
Operating cash flows from finance leases1 — 
Financing cash flows from finance leases2 1 
ROU assets obtained in exchange for new operating lease liabilities41 22 
ROU assets obtained in exchange for new finance lease liabilities48 — 
Schedule of Operating Lease Income
The table that follows presents lease income related to BancShares’ operating and finance leases:

Lease Income
dollars in millionsThree Months Ended June 30,Six Months Ended June 30,
2025202420252024
Lease income – operating leases$258 $241 $512 $478 
Variable lease income – operating leases (1)
14 18 30 36 
Rental income on operating leases272 259 542 514 
Interest income – sales type and direct financing leases44 44 87 87 
Variable lease income included in other noninterest income (2)
16 15 30 31 
Interest income – leveraged leases1 1 2 2 
Total lease income$333 $319 $661 $634 
(1)     Primarily includes per diem railcar operating lease rental income earned on a time or mileage usage basis.
(2) Includes revenue related to insurance coverage on leased equipment and leased equipment property tax reimbursements due from customers.