The Company had $1.5 billion in goodwill as of June 30, 2026 and December 31, 2025, which represents the excess of the total acquisition price paid over the fair value of the assets acquired, net of fair value of liabilities assumed in connection with mergers and acquisitions. The goodwill balance includes $453 million recorded in connection with the acquisition of Pacific Premier in 2025.

The Company performed its annual impairment assessment as of October 31, 2025 and concluded that there was no impairment. As of June 30, 2026, it was determined there were no events or circumstances which would more likely than not reduce the fair value of our reporting unit below its carrying amount.

Core deposit intangibles were determined based on the present value of the expected cost savings attributable to the core deposit funding relative to an alternative source of funding. Intangible assets are being amortized on an accelerated basis over a period of 10 years. No impairment losses have been recognized in the periods presented.

The following table summarizes other intangible assets as of the dates presented:


(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
June 30, 2026	$	1,065	$	(432)	$	633
December 31, 2025	$	1,065	$	(353)	$	712

Amortization expense recognized on intangible assets was $38 million and $79 million for the three and six months ended June 30, 2026, respectively, and $26 million and $54 million for the three and six months ended June 30, 2025, respectively.

The table below presents the forecasted amortization expense for intangible assets as of June 30, 2026:


(in millions)
Year	Expected Amortization
Remainder of 2026	$	76
2027	136
2028	116
2029	97
2030	77
Thereafter	131
Total intangible assets	$	633