Investment Securities (Tables)

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

The following tables provide the amortized cost, unrealized gains and losses and fair value for the major categories of the available-for-sale debt and other securities and held-to-maturity securities portfolios as of:


March 31, 2026 ($ in millions)	Amortized Cost		Unrealized Gains	Unrealized Losses	Fair Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities	$	3,454	2	(2)	3,454

Mortgage-backed securities:
Agency residential mortgage-backed securities	15,183		10	(599)	14,594
Agency commercial mortgage-backed securities	24,403		3	(2,168)	22,238
Non-agency commercial mortgage-backed securities	2,962		1	(212)	2,751
Asset-backed securities and other debt securities	2,438		2	(114)	2,326
Other securities(a)	798		—	—	798
Total available-for-sale debt and other securities	$	49,238	18	(3,095)	46,161
Held-to-maturity securities:(b)
U.S. Treasury and federal agencies securities	$	2,154	3	—	2,157
Mortgage-backed securities:
Agency residential mortgage-backed securities	5,612		11	(71)	5,552
Agency commercial mortgage-backed securities	8,621		36	(27)	8,630
Asset-backed securities and other debt securities	2		—	—	2
Total held-to-maturity securities	$	16,389	50	(98)	16,341

(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $204, $591 and $3, respectively, at March 31, 2026, that are carried at cost.

(b)The amortized cost basis includes a discount of $715 at March 31, 2026 pertaining to the remaining unamortized portion of unrealized losses on securities transferred to HTM.


December 31, 2025 ($ in millions)	Amortized Cost		Unrealized Gains	Unrealized Losses	Fair Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities	$	1,575	—	—	1,575

Mortgage-backed securities:
Agency residential mortgage-backed securities	9,138		18	(533)	8,623
Agency commercial mortgage-backed securities	22,307		4	(2,124)	20,187
Non-agency commercial mortgage-backed securities	3,032		1	(200)	2,833
Asset-backed securities and other debt securities	2,381		2	(116)	2,267
Other securities(a)	674		—	—	674
Total available-for-sale debt and other securities	$	39,107	25	(2,973)	36,159
Held-to-maturity securities:(b)
U.S. Treasury and federal agencies securities	$	2,438	19	—	2,457
Mortgage-backed securities:
Agency residential mortgage-backed securities	5,023		23	(44)	5,002
Agency commercial mortgage-backed securities	3,905		43	(5)	3,943
Asset-backed securities and other debt securities	2		—	—	2
Total held-to-maturity securities	$	11,368	85	(49)	11,404

(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $167, $505 and $2, respectively, at December 31, 2025, that are carried at cost.

(b)The amortized cost basis includes a discount of $742 at December 31, 2025 pertaining to the remaining unamortized portion of unrealized losses on securities transferred to HTM.

The following table provides the fair value of trading debt securities and equity securities as of:


($ in millions)	March 31, 2026		December 31, 2025
Trading debt securities	$	1,669	1,057
Equity securities	544		453

Realized Gains and Losses Recognized in Income from Investment Securities

The following table presents the components of net securities losses and gains recognized in the Condensed Consolidated Statements of Income:


	For the three months ended March 31,
($ in millions)	2026		2025
Available-for-sale debt and other securities:
Realized gains	$	7	5
Realized losses	(7)		(5)

Net losses on available-for-sale debt and other securities	$	—	—
Trading debt securities:

Net unrealized losses	(1)		—
Net trading debt securities losses	$	(1)	—
Equity securities:
Net realized gains	1		—
Net unrealized losses	(12)		(9)
Net equity securities losses	$	(11)	(9)
Total losses recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities(a)	$	(12)	(9)

(a)Excludes $3 and $4 of net securities gains for the three months ended March 31, 2026 and 2025, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These gains and losses are included in capital markets fees and wealth and asset management revenue in the Condensed Consolidated Statements of Income.

Contractual Maturity Schedule

The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of March 31, 2026 are shown in the following table:


($ in millions)	Available-for-Sale Debt and Other			Held-to-Maturity
	Amortized Cost		Fair Value	Amortized Cost	Fair Value
Debt securities:(a)
Due in 1 year or less	$	4,010	3,986	308	308
Due after 1 year through 5 years	21,048		20,382	5,546	5,565
Due after 5 years through 10 years	19,350		17,447	10,350	10,279
Due after 10 years	4,032		3,548	185	189
Other securities	798		798	—	—
Total	$	49,238	46,161	16,389	16,341

(a)Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.

Fair Value and Gross Unrealized Loss of Securities Available for Sale

The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of:


	Less than 12 months			12 months or more		Total
March 31, 2026 ($ in millions)	Fair Value		Unrealized Losses	Fair Value	Unrealized Losses	Fair Value	Unrealized Losses

U.S. Treasury and federal agencies securities	$	1,496	(2)	—	—	1,496	(2)

Agency residential mortgage-backed securities	7,900		(50)	4,469	(549)	12,369	(599)
Agency commercial mortgage-backed securities	1,973		(15)	19,366	(2,153)	21,339	(2,168)
Non-agency commercial mortgage-backed securities	64		(1)	2,598	(211)	2,662	(212)
Asset-backed securities and other debt securities	305		(4)	1,762	(110)	2,067	(114)
Total	$	11,738	(72)	28,195	(3,023)	39,933	(3,095)
December 31, 2025
U.S. Treasury and federal agencies securities	$	1,225	—	—	—	1,225	—
Agency residential mortgage-backed securities	1,454		(7)	4,615	(526)	6,069	(533)
Agency commercial mortgage-backed securities	149		(1)	19,826	(2,123)	19,975	(2,124)
Non-agency commercial mortgage-backed securities	1		—	2,695	(200)	2,696	(200)
Asset-backed securities and other debt securities	135		(1)	1,893	(115)	2,028	(116)
Total	$	2,964	(9)	29,029	(2,964)	31,993	(2,973)