v3.26.3
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts and Gross Fair Values of Derivative Assets and Derivative Liabilities
The following table presents notional amounts and gross fair values of our derivative assets and derivative liabilities which are not offset in the Consolidated Balance Sheets:
TABLE 11.1
September 30, 2026December 31, 2025
NotionalFair ValueNotionalFair Value
(in millions)AmountAssetsLiabilitiesAmountAssetsLiabilities
Gross Derivatives
Subject to master netting arrangements:
Interest rate contracts – designated$1,750 $— $24 $1,650 $13 $— 
Interest rate swaps – not designated5,897 148 1 6,064 51 51 
Total subject to master netting arrangements7,647 148 25 7,714 64 51 
Not subject to master netting arrangements:
Interest rate swaps – not designated5,897 1 278 6,064 51 155 
Interest rate lock commitments – not designated260 — 6 298 7 — 
Forward delivery commitments – not designated371 10 — 458 — 2 
Credit risk contracts – not designated748 — — 815 — — 
Total not subject to master netting arrangements7,276 11 284 7,635 58 157 
Total$14,923 $159 $309 $15,349 $122 $208 
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income (AOCI)
The following table shows amounts reclassified from AOCI:
TABLE 11.2
Amount of Gain (Loss) Recognized in OCI on DerivativesLocation of Gain (Loss) Reclassified from AOCI into IncomeAmount of Gain (Loss) Reclassified from AOCI into Income
Nine Months Ended
September 30,		Nine Months Ended
September 30,
(in millions)2026202520262025
Derivatives in cash flow hedging relationships:
   Interest rate contracts $(35)$14 Interest income (expense)$2 $(19)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table represents gains (losses) recognized in the Consolidated Statements of Income on cash flow hedging relationships:
TABLE 11.3
Nine months ended September 30,
20262025
(in millions)Interest Income - Loans and LeasesInterest Expense - Short-Term BorrowingsInterest Income - Loans and LeasesInterest Expense - Short-Term Borrowings
Total amounts of income and expense line items presented in the Consolidated Statements of Income (the effects of cash flow hedges are included in these line items)$1,488 $62 $1,492 $52 
The effects of cash flow hedging:
     Gain (loss) on cash flow hedging relationships:
     Interest rate contracts:
        Amount of gain (loss) reclassified from AOCI into net income2 — (19)— 
Schedule of Derivative Financial Instruments on the Consolidated Statements of Income
The following table presents the effect of certain derivative financial instruments on the Consolidated Statements of Income:
TABLE 11.4
Nine Months Ended
September 30,
(in millions)Consolidated Statements of Income Location20262025
Interest rate swapsNon-interest income - other$— $— 
Mortgage banking contractsMortgage banking operations12 (3)
Credit risk contractsNon-interest income - other— — 
Schedule of Offsetting Assets
The following table presents a reconciliation of the net amounts of derivative assets and derivative liabilities presented in the Consolidated Balance Sheets to the net amounts that would result in the event of offset. Swap derivative transactions with customers are generally secured by rights to non-financial collateral, such as real and personal property, which is not shown in the table below.
TABLE 11.5
Gross Amounts Not Offset in the Consolidated Balance Sheets
(in millions)Gross Amount RecognizedGross Amount Offset in the Consolidated Balance SheetsNet Amount
Presented in
the Consolidated Balance
Sheets		Financial
Instruments Available for Offset		Collateral Received/PledgedNet
Amount
September 30, 2026
Derivative Assets
Subject to master netting arrangement$148 $— $148 $1 $147 $— 
Not subject to master netting arrangement1 — 1 
Total$149 $— $149 
Derivative Liabilities
Subject to master netting arrangement$25 $— $25 $1 $24 $— 
Not subject to master netting arrangement278 — 278 
Total$303 $— $303 

December 31, 2025
Derivative Assets
Subject to master netting arrangement$64 $— $64 $43 $20 $1 
Not subject to master netting arrangement51 — 51 
Total$115 $— $115 

Derivative Liabilities
Subject to master netting arrangement$51 $— $51 $43 $8 $— 
Not subject to master netting arrangement155 — 155 
Total$206 $— $206 
Schedule of Offsetting Liabilities
The following table presents a reconciliation of the net amounts of derivative assets and derivative liabilities presented in the Consolidated Balance Sheets to the net amounts that would result in the event of offset. Swap derivative transactions with customers are generally secured by rights to non-financial collateral, such as real and personal property, which is not shown in the table below.
TABLE 11.5
Gross Amounts Not Offset in the Consolidated Balance Sheets
(in millions)Gross Amount RecognizedGross Amount Offset in the Consolidated Balance SheetsNet Amount
Presented in
the Consolidated Balance
Sheets		Financial
Instruments Available for Offset		Collateral Received/PledgedNet
Amount
September 30, 2026
Derivative Assets
Subject to master netting arrangement$148 $— $148 $1 $147 $— 
Not subject to master netting arrangement1 — 1 
Total$149 $— $149 
Derivative Liabilities
Subject to master netting arrangement$25 $— $25 $1 $24 $— 
Not subject to master netting arrangement278 — 278 
Total$303 $— $303 

December 31, 2025
Derivative Assets
Subject to master netting arrangement$64 $— $64 $43 $20 $1 
Not subject to master netting arrangement51 — 51 
Total$115 $— $115 

Derivative Liabilities
Subject to master netting arrangement$51 $— $51 $43 $8 $— 
Not subject to master netting arrangement155 — 155 
Total$206 $— $206