BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Borrowings

The following table presents long-term borrowings, net of the respective unamortized purchase accounting adjustments and issuance costs:

Long-term Borrowings

dollars in millions	Maturity	September 30, 2025		December 31, 2024
Parent Company:
Senior:
Fixed-to-Floating Senior Notes at 5.231% (1)	March 2031	$	497	$	—
Subordinated:
Fixed-to-Floating Subordinated Notes at 3.375% (2)	March 2030	—		350
Fixed Rate Reset Subordinated Notes at 5.600% (3)	September 2035	597		—
Fixed-to-Fixed Subordinated Notes at 6.254% (4)	March 2040	745		—
Subsidiaries:
Senior:
Fixed Senior Unsecured Notes at 6.000%	April 2036	58		58
Subordinated:
Fixed Subordinated Notes at 6.125%	March 2028	434		445
Secured:
Purchase Money Note to FDIC fixed at 3.500% (5)	March 2028	35,854		35,816
Capital lease obligations	Maturities through May 2057	67		15
Total long-term borrowings		$	38,252	$	36,684

(1) The fixed rate period will end March 12, 2030, and the notes will thereafter bear a floating interest rate equal to a benchmark rate based on the Compounded Secured Overnight Financing Rate (“SOFR”) Index Rate plus 141 basis points (“bps”) per annum until the maturity date (or date of earlier redemption).

(2) The fixed rate period ended on March 15, 2025, and the notes converted to a floating interest rate equal to Three-Month Term SOFR plus 246.5 bps per annum. The notes included a callable feature and were redeemed on June 15, 2025.

(3) The interest rate will reset on September 5, 2030, and the notes will thereafter bear a fixed interest rate equal to the Five-year U.S. Treasury Rate as of the day falling two business days prior to the notes reset date plus 185 bps per annum until the maturity date (or date of earlier redemption).

(4) The interest rate will reset on March 12, 2035, and the notes will thereafter bear a fixed interest rate equal to the Five-year U.S. Treasury Rate as of the day falling two business days prior to the notes reset date plus 197 bps per annum until the maturity date (or date of earlier redemption).

(5)    Refer to Note 2—Business Combinations and Note 4—Loans and Leases.