Deposits

6 Months Ended

Jun. 30, 2026

Other Liabilities Disclosure [Abstract]

7. DEPOSITS

The table below summarizes deposits by type:


	June 30, 2026		December 31, 2025
	(in millions)
Non-interest bearing deposits	$	27,820	$	24,353
Interest bearing:
Demand accounts	19,259		18,416
Savings and money market accounts	24,886		24,586
Time certificates of deposit ($250,000 or more)	2,396		2,276
Other time deposits (1)	7,513		7,528
Total deposits	$	81,874	$	77,159

(1) Other time deposits included $4.2 billion and $4.3 billion of brokered deposits as of June 30, 2026 and December 31, 2025, respectively.

A summary of the contractual maturities for all time deposits as of June 30, 2026 is as follows:


	(in millions)
2026	$	6,807
2027	3,012
2028	70
2029	14
2030	4
2031	2

Total	$	9,909

Brokered deposits provide an additional source of deposits and are placed with the Bank through third-party brokers. At June 30, 2026 and December 31, 2025, the Company held wholesale brokered deposits of $5.3 billion and $5.4 billion, respectively, excluding reciprocal deposits. In addition, WAB is a participant in the IntraFi Network, a network that offers deposit placement services such as CDARS and ICS, and other reciprocal deposit networks, which offer products that qualify large deposits for FDIC insurance. At June 30, 2026, the Company had $15.2 billion of reciprocal deposits, compared to $14.4 billion at December 31, 2025.

In addition, certain customers with non-interest-bearing accounts receive earnings credits that can be used to offset applicable bank charges, and in certain cases, loan interest. The Company also pays referral fees for certain interest bearing or non-interest bearing deposits that are referred to the Bank. Deposits for which the Company provides account holders with excess earnings credits and referral fees totaled $29.9 billion and $25.1 billion at June 30, 2026 and December 31, 2025, respectively. The below table presents the income statement classification for total earnings credit and referral costs incurred on these deposits:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(in millions)
Income statement line item
Interest income (1)	$	52.5	$	61.3	$	101.2	$	119.4
Service charges and fees (1)	8.4		4.4		16.7		8.6
Deposit costs (2)	173.3		142.8		330.5		272.7
Total earnings credit and referral costs	$	234.2	$	208.5	$	448.4	$	400.7

(1) Earnings credits recorded as a reduction to Interest income and Service charges and fees.

(2) Deposit costs also included other deposit related costs of $5.9 million and $4.6 million for the three months ended June 30, 2026 and 2025, respectively, and $12.0 million and $11.5 million for the six months ended June 30, 2026 and 2025, respectively, primarily associated with reciprocal deposits.