v3.26.1
INVESTMENT SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Securities Available for Sale
The amortized cost and fair value of AFS debt securities are presented in the table below. There was no ACL associated with the AFS portfolio at March 31, 2026 and December 31, 2025. Accrued interest receivable on AFS debt securities totaled $15.7 million at March 31, 2026 and $16.2 million at December 31, 2025, and is excluded from the estimate of credit losses and assessed separately in other assets in the Consolidated Balance Sheets. Accordingly, we have excluded accrued interest receivable from both the fair value and amortized cost basis of AFS debt securities.
TABLE 3.1
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities AFS:
March 31, 2026
U.S. Treasury$354 $1 $(1)$354 
U.S. government agencies31 — — 31 
U.S. GSE266 — (1)265 
Residential MBS:
Agency MBS824 4 (12)816 
Agency CMO631 — (63)568 
Agency commercial MBS1,659 11 (16)1,654 
States of the U.S. and political subdivisions (municipals)13 — (1)12 
Other debt securities76 — (1)75 
Total debt securities AFS$3,854 $16 $(95)$3,775 
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities AFS:
December 31, 2025
U.S. Treasury$354 $2 $— $356 
U.S. government agencies35 — — 35 
U.S. GSE266 — — 266 
Residential MBS:
Agency MBS801 7 (8)800 
Agency CMO662 — (61)601 
Agency commercial MBS1,595 19 (15)1,599 
States of the U.S. and political subdivisions (municipals)20 — (1)19 
Other debt securities50 1 — 51 
Total debt securities AFS$3,783 $29 $(85)$3,727 
Schedule of Amortized Cost and Fair Value of Securities Held to Maturity
The amortized cost and fair value of HTM debt securities are presented in the following table. The ACL for the HTM portfolio was $0.33 million and $0.29 million at March 31, 2026 and December 31, 2025, respectively. Accrued interest receivable on HTM debt securities totaled $15.5 million and $15.7 million at March 31, 2026 and December 31, 2025, respectively, and is excluded from the estimate of credit losses and assessed separately in other assets in the Consolidated Balance Sheets. Accordingly, we have excluded accrued interest receivable from both the fair value and amortized cost basis of HTM debt securities.
TABLE 3.2
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities HTM:
March 31, 2026
Residential MBS:
Agency MBS$751 $1 $(57)$695 
Agency CMO588 — (65)523 
Agency commercial MBS1,837 12 (22)1,827 
States of the U.S. and political subdivisions (municipals)970 1 (80)891 
Other debt securities37 — (1)36 
Total debt securities HTM$4,183 $14 $(225)$3,972 
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities HTM:
December 31, 2025
Residential MBS:
Agency MBS$784 $2 $(55)$731 
Agency CMO612 — (62)550 
Agency commercial MBS1,715 18 (19)1,714 
States of the U.S. and political subdivisions (municipals)982 1 (60)923 
Other debt securities24 — (1)23 
Total debt securities HTM$4,117 $21 $(197)$3,941 
Schedule of Amortized Cost and Fair Value of Securities, by Contractual Maturities
As of March 31, 2026, the amortized cost and fair value of debt securities, by contractual maturities, were as follows:
TABLE 3.3
Available for SaleHeld to Maturity
(in millions)Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due in one year or less$205 $205 $8 $8 
Due after one year but within five years382 380 95 92 
Due after five years but within ten years138 137 318 299 
Due after ten years15 15 586 528 
740 737 1,007 927 
Residential MBS:
Agency MBS824 816 751 695 
Agency CMO631 568 588 523 
Agency commercial MBS1,659 1,654 1,837 1,827 
Total debt securities$3,854 $3,775 $4,183 $3,972 
Schedule of Securities Pledged as Collateral
Following is information relating to investment securities pledged:
TABLE 3.4
(dollars in millions)March 31,
2026		December 31,
2025
Securities pledged (carrying value):
To secure public deposits, trust deposits and for other purposes as required by law$6,407 $6,445 
As collateral for short-term borrowings115 140 
Securities pledged as a percent of total securities82.0 %84.0 %
Schedule of Fair Values and Unrealized Losses of Impaired Securities, Segregated by Length of Impairment
Following are summaries of the fair values of AFS debt securities in an unrealized loss position for which an ACL has not been recorded, segregated by security type and length of time in a continuous loss position:
TABLE 3.5
Less than 12 Months12 Months or MoreTotal
(dollars in millions)#Fair
 Value		Unrealized
Losses		#Fair
 Value		Unrealized
Losses		#Fair
 Value		Unrealized
Losses
Debt Securities AFS
March 31, 2026
U.S. Treasury5 $129 $(1)— $— $— 5 $129 $(1)
U.S. government agencies4 6 — 11 17 — 15 23 — 
U.S. GSE6 164 (1)3 51 — 9 215 (1)
Residential MBS:
Agency MBS8 228 (4)86 204 (8)94 432 (12)
Agency CMO— — — 64 568 (63)64 568 (63)
Agency commercial MBS13 377 (2)21 344 (14)34 721 (16)
States of the U.S. and political subdivisions (municipals)— — — 7 12 (1)7 12 (1)
Other debt securities6 38 (1)3 9 — 9 47 (1)
Total 42 $942 $(9)195 $1,205 $(86)237 $2,147 $(95)
Less than 12 Months12 Months or MoreTotal
(dollars in millions)#Fair
 Value		Unrealized
Losses		#Fair
 Value		Unrealized
Losses		#Fair
 Value		Unrealized
Losses
Debt Securities AFS
December 31, 2025
U.S. government agencies5 $8 $— 12 $20 $— 17 $28 $— 
U.S. GSE2 65 — 3 51 — 5 116 — 
Residential MBS:
Agency MBS1 46 — 90 251 (8)91 297 (8)
Agency CMO— — — 64 601 (61)64 601 (61)
Agency commercial MBS4 132 (1)22 371 (14)26 503 (15)
States of the U.S. and political subdivisions (municipals)— — — 9 19 (1)9 19 (1)
Other debt securities— — — 3 9 — 3 9 — 
Total12 $251 $(1)203 $1,322 $(84)215 $1,573 $(85)