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LEASES (Tables)
 9 Months Ended
Sep. 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 millionsClassificationSeptember 30, 2025December 31, 2024
Lease assets:
Operating lease ROU assetsOther assets$305 $316 
Finance leasesPremises and equipment67 15 
Total lease assets$372 $331 
Lease liabilities:
Operating leasesOther liabilities$342 $357 
Finance leasesOther borrowings67 15 
Total lease liabilities$409 $372 
Weighted-average remaining lease terms:
Operating leases7.3 years7.4 years
Finance leases8.1 years11.7 years
Weighted-average discount rate:
Operating leases3.10 %2.94 %
Finance leases4.20 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 September 30,Nine Months Ended September 30,
Classification2025202420252024
Operating lease cost
Occupancy expense$18 $19 $54 $56 
Finance lease ROU asset amortizationEquipment expense3 — 6 1 
Interest on lease liabilitiesInterest expense - other borrowings1 — 2 — 
Variable lease cost (1)
Occupancy expense4 7 16 22 
Sublease income Occupancy expense(1)(1)(4)(4)
Net lease cost (1)
$25 $25 $74 $75 
(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 millionsNine Months Ended September 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$58 $57 
Operating cash flows from finance leases2 — 
Financing cash flows from finance leases5 1 
ROU assets obtained in exchange for new operating lease liabilities44 26 
ROU assets obtained in exchange for new finance lease liabilities55 — 
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 September 30,Nine Months Ended September 30,
2025202420252024
Lease income – operating leases$261 $236 $772 $714 
Variable lease income – operating leases (1)
12 26 43 62 
Rental income on operating leases273 262 815 776 
Interest income – sales type and direct financing leases44 44 131 131 
Variable lease income included in other noninterest income (2)
14 15 44 46 
Interest income – leveraged leases1 1 3 3 
Total lease income$332 $322 $993 $956 
(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.