v3.26.1
Deposits and Borrowings (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Components of Deposits, Short-Term Borrowings and Long-Term Debt The following tables summarize the components of our deposits, short-term borrowings and long-term debt as of March 31, 2026 and December 31, 2025. The carrying value presented below for these borrowings includes any unamortized debt premiums and discounts, net of debt issuance costs and fair value hedge accounting adjustments.
Table 8.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt
(Dollars in millions)March 31, 2026December 31, 2025
Deposits:
Non-interest-bearing deposits
$27,936 $27,385 
Interest-bearing deposits(1)
461,117 448,386 
Total deposits
$489,053 $475,771 
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase$626 $587 
Short-term FHLB advances1,000 500 
Total short-term borrowings$1,626 $1,087 
 March 31, 2026December 31, 2025
(Dollars in millions)Maturity DatesStated Interest RatesWeighted-Average Interest RateCarrying ValueCarrying Value
Long-term debt:
Securitized debt obligations2026-2035
1.03% - 5.82%
3.51 %$11,283 $12,853 
Senior and subordinated notes:
Fixed unsecured senior debt(2)
2026-2037
1.65 - 7.96
5.0633,767 31,335 
Fixed unsecured subordinated debt2026-2036
2.36 - 6.18
4.594,654 4,666 
Total senior and subordinated notes38,421 36,001 
Other long-term borrowings
FHLB advances2030
4.77 - 4.82
4.82536 1,037 
Finance lease liabilities2026-2030
3.74 - 9.91
5.5822 22 
Total other long-term borrowings$558 $1,059 
Total long-term debt$50,262 $49,913 
Total short-term borrowings and long-term debt$51,888 $51,000 
__________
(1)Some customers have time deposits in excess of the federal deposit insurance limit, making a portion of the deposit uninsured. As of March 31, 2026, the total time deposit amount with some portion in excess of the insured amount was $17.7 billion and the portion of total time deposits estimated to be uninsured was $13.4 billion. As of December 31, 2025, the total time deposit amount with some portion in excess of the insured amount was $17.4 billion and the portion of total time deposits estimated to be uninsured was $12.9 billion.
(2)Includes $532 million and $544 million of Euro (“EUR”)-denominated unsecured notes as of March 31, 2026 and December 31, 2025, respectively.