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LONG-TERM DEBT AND SHAREHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2025
Debt And Equity [Abstract]  
LONG-TERM DEBT AND SHAREHOLDERS' EQUITY LONG-TERM DEBT AND SHAREHOLDERS’ EQUITY
Long-Term Debt
The long-term debt carrying values presented on the consolidated balance sheet represent the par value of the debt, adjusted for any unamortized premium or discount, unamortized debt issuance costs, and fair value hedge basis adjustments. During the third quarter of 2025, we issued $500 million in 4.70% Fixed-to-Floating Senior Notes with a maturity date of August 18, 2028.
The following schedule presents the components of our long-term debt:
LONG-TERM DEBT
(In millions)September 30,
2025		December 31, 2024
Subordinated notes 1
$971 $946 
Senior notes499 — 
Finance lease obligations3 4 
Total$1,473 $950 
1 The change in the subordinated note balance is primarily due to fair value hedge basis adjustments. See also Note 7.
Shareholders' Equity
Our common stock is traded on the National Association of Securities Dealers Automated Quotations (“NASDAQ”) Global Select Market. At September 30, 2025, there were 147.6 million shares of $0.001 par value common stock outstanding. Common stock and additional paid-in capital was $1.7 billion at both September 30, 2025 and December 31, 2024.
At September 30, 2025, the AOCI balance reflected a net loss of $2.1 billion, primarily attributable to a decline in the fair value of fixed-rate AFS securities as a result of changes in interest rates. This amount includes $1.7 billion ($1.2 billion after tax) of unrealized losses associated with securities previously transferred from AFS to HTM. The following schedule presents the changes in AOCI by major component:
(In millions)Net unrealized gains (losses) on investment securitiesNet unrealized gains (losses) on derivatives and otherPension and post-retirementTotal
Nine Months Ended September 30, 2025
Balance at December 31, 2024$(2,301)$(78)$(1)$(2,380)
Other comprehensive income before reclassifications, net of tax
142 6 — 148 
Amounts reclassified from AOCI, net of tax137 39 — 176 
Other comprehensive income279 45 — 324 
Balance at September 30, 2025$(2,022)$(33)$(1)$(2,056)
Income tax expense included in other comprehensive income
$91 $15 $— $106 
Nine Months Ended September 30, 2024
Balance at December 31, 2023$(2,526)$(165)$(1)$(2,692)
Other comprehensive income before reclassifications, net of tax
137 2 — 139 
Amounts reclassified from AOCI, net of tax147 70 — 217 
Other comprehensive income 284 72 — 356 
Balance at September 30, 2024$(2,242)$(93)$(1)$(2,336)
Income tax expense included in other comprehensive income
$93 $24 $— $117 
Amounts reclassified from AOCI
(In millions)Three Months Ended
September 30,		Nine Months Ended
September 30,
AOCI components2025202420252024Affected line item on statement of income
Net unrealized gains (losses) on investment securities
$(62)$(67)$(182)$(195)Securities gains (losses), net
Less: Income tax expense (benefit)(15)(16)(45)(48)
Total$(47)$(51)$(137)$(147)
Net unrealized gains (losses) on derivative instruments and other
$(15)$(28)$(52)$(93)Interest and fees on loans; Interest on short- and long-term borrowings
Less: Income tax expense (benefit)(4)(7)(13)(23)
Total$(11)$(21)$(39)$(70)