v3.26.3
INVESTMENT SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2026
Investments [Abstract]  
Schedule of Investment Securities
The following schedule presents the amortized cost and estimated fair values of our AFS and HTM securities:
September 30, 2026
(In millions)Amortized
cost
Gross unrealized gains 1
Gross unrealized lossesEstimated
fair value
Available-for-sale
U.S. Treasury securities$2,292 $— $227 $2,065 
U.S. Government agencies and corporations:
Agency securities260 — 22 238 
Agency guaranteed mortgage-backed securities6,631 1 1,218 5,414 
Small Business Administration loan-backed securities283 — 14 269 
Municipal securities858 — 83 775 
Other debt securities25 — — 25 
Total available-for-sale10,349 1 1,564 8,786 
Held-to-maturity
U.S. Government agencies and corporations:
Agency securities127 — 6 121 
Agency guaranteed mortgage-backed securities7,904 1 394 7,511 
Municipal securities237 — 13 224 
Total held-to-maturity8,268 1 413 7,856 
Total investment securities$18,617 $2 $1,977 $16,642 
December 31, 2025
(In millions)Amortized
cost
Gross unrealized gains 1
Gross unrealized lossesEstimated
fair value
Available-for-sale
U.S. Treasury securities$1,500 $17 $106 $1,411 
U.S. Government agencies and corporations:
Agency securities313 — 15 298 
Agency guaranteed mortgage-backed securities7,207 5 989 6,223 
Small Business Administration loan-backed securities355 — 14 341 
Municipal securities953 — 44 909 
Other debt securities25 — — 25 
Total available-for-sale10,353 22 1,168 9,207 
Held-to-maturity
U.S. Government agencies and corporations:
Agency securities137 — 3 134 
Agency guaranteed mortgage-backed securities8,459 111 25 8,545 
Municipal securities271 — 10 261 
Total held-to-maturity8,867 111 38 8,940 
Total investment securities$19,220 $133 $1,206 $18,147 
1 Gross unrealized gains for the respective AFS security categories without values were individually less than $1 million.
Schedule of Amount of Gross Unrealized Losses for Debt Securities and Estimated Fair Value
The following schedule presents gross unrealized losses for AFS securities and the estimated fair value, categorized by the length of time the securities have been in an unrealized loss position:
September 30, 2026
Less than 12 months12 months or moreTotal
(In millions)Gross
unrealized
losses		Estimated
fair
value		Gross
unrealized
losses		Estimated
fair
value		Gross
unrealized
losses		Estimated
fair
value
Available-for-sale
U.S. Treasury securities$94 $1,797 $133 $268 $227 $2,065 
U.S. Government agencies and corporations:
Agency securities— 13 22 216 22 229 
Agency guaranteed mortgage-backed securities14 301 1,204 5,017 1,218 5,318 
Small Business Administration loan-backed securities— — 14 241 14 241 
Municipal securities2 85 81 669 83 754 
Other— 15 — — — 15 
Total available-for-sale investment securities$110 $2,211 $1,454 $6,411 $1,564 $8,622 
December 31, 2025
Less than 12 months12 months or moreTotal
(In millions)Gross
unrealized
losses		Estimated
 fair
 value		Gross
unrealized
losses		Estimated
 fair
 value		Gross
unrealized
losses		Estimated
 fair
 value
Available-for-sale
U.S. Treasury securities$— $99 $106 $296 $106 $395 
U.S. Government agencies and corporations:
Agency securities— 7 15 288 15 295 
Agency guaranteed mortgage-backed securities2 86 987 5,735 989 5,821 
Small Business Administration loan-backed securities— 24 14 309 14 333 
Municipal securities— 68 44 797 44 865 
Other— 15 — — — 15 
Total available-for-sale investment securities$2 $299 $1,166 $7,425 $1,168 $7,724 
Schedule of Interest Income by Security Type
The following schedule presents interest income categorized by investment security type:
Three Months Ended September 30,
20262025
(In millions)TaxableNontaxableTotalTaxableNontaxableTotal
Available-for-sale$65 $5 $70 $66 $7 $73 
Held-to-maturity44 1 45 49 2 51 
Total investment securities$109 $6 $115 $115 $9 $124 
Nine Months Ended September 30,
20262025
(In millions)TaxableNontaxableTotalTaxableNontaxableTotal
Available-for-sale$188 $17 $205 $196 $21 $217 
Held-to-maturity136 3 139 151 4 155 
Total investment securities$324 $20 $344 $347 $25 $372 
Schedule of Contractual Maturities Debt Securities
The following schedule presents the amortized cost and weighted average yields of debt securities, categorized by the remaining contractual maturity of principal payments at September 30, 2026. The schedule does not reflect the effects of interest rate resets or fair value hedges. Additionally, the remaining contractual principal maturities shown do not represent the portfolio's duration, as they exclude expected prepayments or amortization, which typically result in measured durations that are significantly shorter than contractual maturities.
September 30, 2026
Total
debt securities		Due in one year or lessDue after one year through five yearsDue after five years through ten yearsDue after ten years
(Dollar amounts in millions)Amortized costAverage yieldAmortized costAverage yieldAmortized costAverage yieldAmortized costAverage yieldAmortized costAverage yield
Available-for-sale
U.S. Treasury securities$2,292 3.92 %$100 4.05 %$397 4.22 %$1,394 4.27 %$401 2.35 %
U.S. Government agencies and corporations:
Agency securities260 3.50 8 2.51 57 4.21 124 3.28 71 3.42 
Agency guaranteed mortgage-backed securities6,631 2.06 34 3.61 302 2.27 1,954 1.67 4,341 2.21 
Small Business Administration loan-backed securities283 3.96 — — 16 4.84 92 3.50 175 4.12 
Municipal securities 1
858 1.95 56 3.00 373 1.78 416 1.95 13 2.46 
Other debt securities25 7.81 — — 10 9.50 — — 15 6.69 
Total available-for-sale securities10,349 2.57 198 3.62 1,155 2.98 3,980 2.70 5,016 2.32 
Held-to-maturity
U.S. Government agencies and corporations:
Agency securities127 4.16 — — — — 77 3.52 50 5.14 
Agency guaranteed mortgage-backed securities
7,904 2.14 — — 35 1.90 — — 7,869 2.14 
Municipal securities 1
237 3.26 33 3.53 121 2.68 78 3.78 5 7.36 
Total held-to-maturity securities 2
8,268 2.20 33 3.53 156 2.51 155 3.65 7,924 2.16 
Total investment securities$18,617 2.40 $231 3.60 $1,311 2.92 $4,135 2.74 $12,940 2.22 
1 The yields on tax-exempt securities are calculated on a tax-equivalent basis.
2 Weighted average yields by maturity bucket are based on amortized cost, excluding unamortized basis adjustments associated with the transfer of certain debt securities from AFS to HTM, and are presented pre-tax.