v3.26.3
BORROWINGS (Tables)
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Borrowings
The following table presents long-term borrowings as of September 30, 2026 and December 31, 2025, net of the respective unamortized purchase accounting adjustments, issuance costs, and impacts of fair value hedges:

Long-term Borrowings
dollars in millionsInterest RateIssuance DateMaturityRate Reset DateInterest Rate After ResetSeptember 30,
2026		December 31,
2025
Parent Company:
Senior unsecured:
Fixed-to-Floating Senior Notes (1)
5.231 %March 12, 2025March 2031March 12, 2030
Compounded SOFR + 141 bps
$479 $497 
Fixed-to-Floating Senior Notes (1)
4.869 %March 3, 2026March 2032March 3, 2031
Compounded SOFR + 148.7 bps
474 — 
Subordinated:
Fixed Rate Reset Subordinated Notes (1)
5.600 %September 5, 2025September 2035September 5, 2030
Five-year U.S. Treasury Rate + 185 bps
571 597 
Fixed-to-Fixed Subordinated Notes (1)
6.254 %March 12, 2025March 2040March 12, 2035
Five-year U.S. Treasury Rate + 197 bps
689 745 
Subsidiaries:
Senior unsecured:
Fixed-to-Floating Senior Notes (1) (2)
5.097 %June 24, 2026July 2029July 13, 2028
Compounded SOFR + 114.6 bps
1,130 — 
Fixed Senior Notes 6.000 %March 27, 2006April 2036——57 58 
Subordinated:
Fixed Subordinated Notes6.125 %March 9, 2018March 2028——420 430 
Secured:
Purchase Money Note to FDIC (fixed rate) (3)
3.500 %March 27, 2023March 2028——20,453 33,385 
Capital lease obligations——Maturities through May 2057——81 72 
Total long-term borrowings$24,354 $35,784 
(1) Borrowings that are the hedged item in a fair value hedge as discussed in Note 11—Derivative Financial Instruments.
(2) Includes an original issuance on June 24, 2026 and an additional issuance on August 3, 2026.
(3) Issued in connection with the SVBB Acquisition. The unamortized discount was $47 million and $115 million at September 30, 2026 and December 31, 2025, respectively. Refer to Note 5—Loans and Leases for further information on loans pledged as collateral to secure borrowings.