SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 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.


dollars in millions	Three Months Ended June 30, 2025
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	824	$	299	$	490	$	(53)	$	135	$	1,695
Rental income on operating lease equipment	—		54		—		218		—		272
All other noninterest income	164		98		130		3		11		406
Total noninterest income	164		152		130		221		11		678
Total revenue	988		451		620		168		146		2,373
Depreciation on operating lease equipment	—		44		—		56		—		100
Maintenance and other operating lease expenses	—		—		—		55		—		55
Personnel cost	210		69		110		6		415		810
Acquisition-related expenses	—		—		—		—		38		38
All other noninterest expense (3)	370		154		272		26		(325)		497
Total noninterest expense	580		267		382		143		128		1,500

Provision for credit losses	13		47		55		—		—		115
Income before income taxes	395		137		183		25		18		758
Income tax expense (benefit)	101		35		47		6		(6)		183
Net income	$	294	$	102	$	136	$	19	$	24	$	575

Select Period End Balances
Loans and leases	$	64,987	$	38,691	$	37,529	$	62	$	—	$	141,269
Operating lease equipment, net	—		750		—		8,716		—		9,466

Deposits	73,499		2,899		37,798		3		45,736		159,935







	Three Months Ended June 30, 2024
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	730	$	311	$	553	$	(45)	$	272	$	1,821
Rental income on operating lease equipment	—		58		—		201		—		259
All other noninterest income	152		77		134		2		15		380
Total noninterest income	152		135		134		203		15		639
Total revenue	882		446		687		158		287		2,460
Depreciation on operating lease equipment	—		48		—		50		—		98
Maintenance and other operating lease expenses	—		—		—		60		—		60
Personnel cost	185		63		123		6		368		745
Acquisition-related expenses	—		—		—		—		44		44
All other noninterest expense (3)	316		135		246		15		(273)		439
Total noninterest expense	501		246		369		131		139		1,386

Provision for credit losses	37		39		19		—		—		95
Income before income taxes	344		161		299		27		148		979
Income tax expense	92		44		85		8		43		272
Net income	$	252	$	117	$	214	$	19	$	105	$	707

Select Period End Balances
Loans and leases	$	63,327	$	36,835	$	39,117	$	62	$	—	$	139,341
Operating lease equipment, net	—		767		—		8,178		—		8,945

Deposits	71,261		3,294		35,773		10		40,741		151,079

(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 Accounting Standards Codification (“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	Six Months Ended June 30, 2025
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	1,612	$	592	$	983	$	(105)	$	276	$	3,358
Rental income on operating lease equipment	—		110		—		432		—		542
All other noninterest income	328		167		262		5		9		771
Total noninterest income	328		277		262		437		9		1,313
Total revenue	1,940		869		1,245		332		285		4,671
Depreciation on operating lease equipment	—		88		—		110		—		198
Maintenance and other operating lease expenses	—		—		—		113		—		113
Personnel cost	424		141		224		14		825		1,628
Acquisition-related expenses	—		—		—		—		80		80
All other noninterest expense (3)	721		313		537		40		(637)		974
Total noninterest expense	1,145		542		761		277		268		2,993

Provision for credit losses	59		132		78		—		—		269
Income before income taxes	736		195		406		55		17		1,409
Income tax expense (benefit)	189		50		104		14		(6)		351
Net income	$	547	$	145	$	302	$	41	$	23	$	1,058










	Six Months Ended June 30, 2024
	General Bank		Commercial Bank		SVB Commercial		Rail		Corporate (1)		BancShares (2)
Net interest income (expense)	$	1,414	$	611	$	1,076	$	(88)	$	625	$	3,638
Rental income on operating lease equipment	—		115		—		399		—		514
All other noninterest income	297		160		268		6		21		752
Total noninterest income	297		275		268		405		21		1,266
Total revenue	1,711		886		1,344		317		646		4,904
Depreciation on operating lease equipment	—		94		—		100		—		194
Maintenance and other operating lease expenses	—		—		—		105		—		105
Personnel cost	392		137		242		14		704		1,489
Acquisition-related expenses	—		—		—		—		102		102
All other noninterest expense (3)	637		275		493		29		(562)		872
Total noninterest expense	1,029		506		735		248		244		2,762

Provision for credit losses	58		59		42		—		—		159
Income before income taxes	624		321		567		69		402		1,983
Income tax expense	171		86		160		19		109		545
Net income	$	453	$	235	$	407	$	50	$	293	$	1,438






(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.