Short-Term Borrowings

3 Months Ended

Mar. 31, 2026

Borrowings with original maturities of one year or less are classified as short-term. The following table presents a summary of the Bancorp’s short-term borrowings as of:


($ in millions)	March 31, 2026		December 31, 2025
FHLB advances	$	750	300
Securities sold under repurchase agreements	338		311
Derivative collateral	—		19
Other borrowed money	43		70
Federal funds purchased	158		226
Total short-term borrowings	$	1,289	926

The Bancorp’s securities sold under repurchase agreements are accounted for as secured borrowings and may be collateralized by securities included in available-for-sale debt and other securities or held-to-maturity securities in the Condensed Consolidated Balance Sheets. These securities are subject to changes in market value and, therefore, the Bancorp may increase or decrease the level of securities pledged as collateral based upon these movements in market value. As of both March 31, 2026 and December 31, 2025, all securities sold under repurchase agreements were secured by agency mortgage-backed securities and the repurchase agreements had an overnight remaining contractual maturity.