v3.26.1
INVESTMENT SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2026
Investments [Abstract]  
Schedule of Amortized Cost and Fair Value of Investment Securities
The following tables include the amortized cost and fair value of investment securities:

Amortized Cost and Fair Value - Investment Securities
dollars in millions June 30, 2026December 31, 2025
Gross UnrealizedGross Unrealized
Amortized CostGainsLossesFair ValueAmortized CostGainsLossesFair Value
Investment securities available for sale
U.S. Treasury$13,365 $6 $(51)$13,320 $10,624 $50 $(1)$10,673 
Government agency34 — (1)33 44 — (1)43 
Residential mortgage-backed securities17,804 71 (375)17,500 17,683 263 (323)17,623 
Commercial mortgage-backed securities3,145 7 (180)2,972 3,444 28 (173)3,299 
Corporate bonds132 — (4)128 145 — (5)140 
Municipal bonds12 — — 12 12 — — 12 
Other18 — — 18 — — — — 
Total investment securities available for sale$34,510 $84 $(611)$33,983 $31,952 $341 $(503)$31,790 
Investment in marketable equity securities$95 $62 $(1)$156 $83 $44 $— $127 
Investment securities held to maturity
U.S. Treasury$390 $— $(14)$376 $388 $— $(15)$373 
Government agency1,190 — (55)1,135 1,225 — (55)1,170 
Residential mortgage-backed securities4,311 17 (498)3,830 4,450 32 (490)3,992 
Commercial mortgage-backed securities3,279 — (633)2,646 3,337 — (608)2,729 
Supranational securities247 — (21)226 246 — (20)226 
Other1 — — 1 1 — — 1 
Total investment securities held to maturity$9,418 $17 $(1,221)$8,214 $9,647 $32 $(1,188)$8,491 
Total investment securities$44,023 $163 $(1,833)$42,353 $41,682 $417 $(1,691)$40,408 
Schedule of Investment Securities Maturity Information
The following table provides the amortized cost and fair value by contractual maturity. Expected maturities will differ from contractual maturities on certain securities because borrowers and issuers may have the right to call or prepay obligations with or without prepayment penalties. Residential and commercial mortgage-backed, government agency, and other investment securities are stated separately as they are not due at a single maturity date.

Maturities
dollars in millionsJune 30, 2026December 31, 2025
Amortized CostFair ValueAmortized CostFair Value
Investment securities available for sale
Non-amortizing securities maturing in:
One year or less$4,486 $4,489 $4,893 $4,914 
After one through five years8,995 8,945 5,853 5,879 
After five through 10 years16 14 23 20 
After 10 years12 12 12 12 
Government agency34 33 44 43 
Residential mortgage-backed securities17,804 17,500 17,683 17,623 
Commercial mortgage-backed securities3,145 2,972 3,444 3,299 
Other18 18 — — 
Total investment securities available for sale$34,510 $33,983 $31,952 $31,790 
Investment securities held to maturity
Non-amortizing securities maturing in:
One year or less$452 $446 $307 $303 
After one through five years1,376 1,292 1,434 1,360 
After five through 10 years— — 119 107 
Residential mortgage-backed securities4,311 3,830 4,450 3,992 
Commercial mortgage-backed securities3,279 2,646 3,337 2,729 
Total investment securities held to maturity$9,418 $8,214 $9,647 $8,491 
Schedule of Interest and Dividends on Investment Securities
The following table presents interest and dividend income on investment securities:

Interest and Dividends on Investment Securities
dollars in millionsThree Months Ended June 30,Six Months Ended June 30,
2026202520262025
Interest income - taxable investment securities (1)
$401 $418 $784 $831 
Dividend income - marketable equity securities— 1 1 2 
Interest on investment securities$401 $419 $785 $833 
(1) Amount includes interest income on securities purchased under agreements to resell.
Schedule of Realized Losses
The following table presents the gross realized gain and loss on sales of investment securities available for sale, and the net realized gain on sale of marketable equity securities:

Realized Gain (Loss) on Sale of Investment Securities, Net
dollars in millionsThree Months Ended June 30,Six Months Ended June 30,
2026202520262025
Gross realized gain on sale of investment securities available for sale$12 $— $12 $1 
Gross realized loss on sale of investment securities available for sale(12)— (12)(2)
Net realized gain (loss) on sale of investment securities available for sale— — — (1)
Net realized gain on sale of marketable equity securities
— — — 1 
Realized gain (loss) on sale of investment securities, net$— $— $— $— 
Schedule of Unrealized Losses on Available-for-sale Securities
The following table provides information regarding investment securities available for sale with unrealized losses:

Gross Unrealized Losses on Investment Securities Available For Sale
dollars in millionsJune 30, 2026
Less than 12 months12 months or moreTotal
Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Investment securities available for sale
U.S. Treasury$9,139 $(51)$— $— $9,139 $(51)
Government agency— — 33 (1)33 (1)
Residential mortgage-backed securities6,898 (49)2,858 (326)9,756 (375)
Commercial mortgage-backed securities665 (3)1,000 (177)1,665 (180)
Corporate bonds8 — 112 (4)120 (4)
Total$16,710 $(103)$4,003 $(508)$20,713 $(611)
December 31, 2025
Less than 12 months12 months or moreTotal
Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Investment securities available for sale
U.S. Treasury$859 $(1)$— $— $859 $(1)
Government agency— — 43 (1)43 (1)
Residential mortgage-backed securities815 (2)3,292 (321)4,107 (323)
Commercial mortgage-backed securities48 — 1,129 (173)1,177 (173)
Corporate bonds— — 123 (5)123 (5)
Total$1,722 $(3)$4,587 $(500)$6,309 $(503)