v3.25.2
BORROWINGS (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Short-Term Borrowings
Following is a summary of short-term borrowings:
TABLE 9.1
(in millions)June 30,
2025		December 31,
2024
Securities sold under repurchase agreements$138 $165 
Federal Home Loan Bank advances885 585 
Federal funds purchased720 370 
Subordinated notes133 136 
Total short-term borrowings$1,876 $1,256 
Schedule of Long-term Borrowings
Following is a summary of long-term borrowings:
TABLE 9.2
(in millions)June 30,
2025		December 31,
2024
Federal Home Loan Bank advances$1,450 $1,750 
Senior notes847 847 
Subordinated notes78 74 
Junior subordinated debt74 73 
Other subordinated debt243 268 
Total long-term borrowings$2,692 $3,012 
Schedule of Senior and Other Subordinated Debt
The following table provides information relating to our senior notes and other subordinated debt as of June 30, 2025. The subordinated notes are eligible for treatment as tier 2 capital for regulatory capital purposes.
TABLE 9.3
(dollars in millions)Aggregate Principal Amount Issued
Net Proceeds (5)
Carrying ValueStated Maturity DateInterest
Rate
Senior Notes:
5.150% Senior Notes due August 25, 2025
$350 $347 $350 8/25/20255.150 %
5.722% Fixed-To-Floating Rate Senior Notes due December 11, 2030 (1)
500 497 497 12/11/20305.722 %
Total senior notes850 844 847 
Other Subordinated Debt:
6.969% Fixed-To-Floating Rate Subordinated Notes due 2029 (2)
120 118 119 2/14/20296.969 %
4.875% Subordinated Notes due 2025
100 98 100 10/2/20254.875 %
7.597% Fixed-To-Floating Rate Subordinated Notes due December 6, 2028 (3) (4)
25 26 24 12/6/20287.597 %
Total other subordinated debt245 242 243 
Total$1,095 $1,086 $1,090 
(1) Fixed rate until December 11, 2029, at which time it converts to a floating rate determined by the Compounded SOFR plus 193 basis points.
(2) Floating rate effective February 14, 2024, determined by the Benchmark Replacement (three-month Chicago Mercantile Exchange (CME) term SOFR plus a tenor spread adjustment of 26 basis points) plus 240 basis points.
(3) Floating rate effective December 6, 2023, determined by the Benchmark Replacement (three-month CME term SOFR plus a tenor spread adjustment of 26 basis points) plus 302 basis points.
(4) Assumed from an acquisition and adjusted to fair value at the time of acquisition.
(5) After deducting underwriting discounts and commissions and offering costs. For the debt assumed from acquisitions, this is the fair value of the debt at the time of the acquisition.
Schedule of Junior Subordinated Debt Trusts
The following table provides information relating to the Trusts as of June 30, 2025:
TABLE 9.4
(dollars in millions)Trust
Preferred
Securities		Common
Securities		Junior
Subordinated
Debt		Stated
Maturity
Date		Interest Rate
Rate Reset Factor
F.N.B. Statutory Trust II$22 $1 $22 6/15/20366.23 %
SOFR + 165 bps
Yadkin Valley Statutory Trust I25 1 23 12/15/20375.90 %
SOFR + 132 bps
FNB Financial Services Capital Trust I25 1 24 9/30/20356.02 %
SOFR + 146 bps
Patapsco Statutory Trust I5 — 5 12/15/20356.06 %
SOFR + 148 bps
Total$77 $3 $74