EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2026

NOTE 17 — EMPLOYEE BENEFIT PLANS

BancShares sponsors non-contributory defined benefit pension plans and supplemental and executive retirement plans for its qualifying employees. The service cost component of net periodic benefit cost is included in salaries and wages, while all other non-service cost components are included in other noninterest expense.

The components of net periodic benefit cost are as follows:

Net Periodic Benefit Costs



dollars in millions	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Service cost	$	2	$	2	$	4	$	4
Interest cost	16		16		32		32
Expected return on assets	(24)		(23)		(49)		(47)

Amortization of net actuarial gain	(1)		—		(1)		—
Total net periodic benefit	$	(7)	$	(5)	$	(14)	$	(11)