v3.25.4
INVESTMENT SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2025
Investments [Abstract]  
Summary of Investment Securities
The following schedule presents the amortized cost and estimated fair values of our AFS and HTM securities:
December 31, 2025
(In millions)Amortized
cost
Gross
unrealized
gains 1
Gross
unrealized
losses		Estimated
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 
December 31, 2024
(In millions)Amortized
cost
Gross
unrealized
gains 1
Gross
unrealized
losses		Estimated
fair value
Available-for-sale
U.S. Treasury securities$781 $— $119 $662 
U.S. Government agencies and corporations:
Agency securities441 — 26 415 
Agency guaranteed mortgage-backed securities7,713 1 1,263 6,451 
Small Business Administration loan-backed securities455 — 21 434 
Municipal securities1,186 — 78 1,108 
Other debt securities25 — — 25 
Total available-for-sale10,601 1 1,507 9,095 
Held-to-maturity
U.S. Government agencies and corporations:
Agency securities148 — 8 140 
Agency guaranteed mortgage-backed securities9,202 2 263 8,941 
Municipal securities319 — 18 301 
Total held-to-maturity9,669 2 289 9,382 
Total investment securities$20,270 $3 $1,796 $18,477 
1 Gross unrealized gains for the respective AFS security categories without values were individually less than $1 million.
Schedule of Debt Securities, Available-for-Sale
The following schedule presents gross unrealized losses for AFS securities and the estimated fair value, categorized by the length of time the securities have been in an unrealized loss position:
December 31, 2025
Less than 12 months12 months or moreTotal
(In millions)Gross
unrealized
losses		Estimated
fair
value		Gross
unrealized
losses		Estimated
fair
value		Gross
unrealized
losses		Estimated
fair
value
Available-for-sale
U.S. Treasury securities$— $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 
December 31, 2024
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$3 $198 $116 $285 $119 $483 
U.S. Government agencies and corporations:
Agency securities— 3 26 403 26 406 
Agency guaranteed mortgage-backed securities— 86 1,263 6,171 1,263 6,257 
Small Business Administration loan-backed securities— 35 21 387 21 422 
Municipal securities— 68 78 984 78 1,052 
Total available-for-sale investment securities$3 $390 $1,504 $8,230 $1,507 $8,620 
Schedule of Interest Income by Security Type
The following schedule presents interest income categorized by investment security type:
202520242023
(In millions)TaxableNontaxableTotalTaxableNontaxableTotalTaxableNontaxableTotal
Available-for-sale$261 $27 $288 $294 $31 $325 $291 $31 $322 
Held-to-maturity199 5 204 218 4 222 236 3 239 
Total investment securities$460 $32 $492 $512 $35 $547 $527 $34 $561 
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 December 31, 2025. 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.
December 31, 2025
Total debt securitiesDue 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 cost
Average yield
Amortized cost
Average yield
Amortized cost
Average yield
Amortized cost
Average yield
Amortized cost
Average yield
Available-for-sale
U.S. Treasury securities$1,500 3.71 %$100 4.04 %$201 3.99 %$798 4.28 %$401 2.35 %
U.S. Government agencies and corporations:
Agency securities313 3.25 — — 56 3.98 159 2.97 98 3.30 
Agency guaranteed mortgage-backed securities
7,207 2.09 7 1.30 218 2.91 1,778 1.83 5,204 2.14 
Small Business Administration loan-backed securities
355 4.36 — — 11 5.26 106 3.70 238 4.61 
Municipal securities 1
953 2.06 100 3.17 298 1.93 541 1.92 14 2.41 
Other debt securities25 7.97 — — 10 9.51 — — 15 6.95 
Total available-for-sale securities10,353 2.45 207 3.53 794 3.01 3,382 2.54 5,970 2.29 
Held-to-maturity
U.S. Government agencies and corporations:
Agency securities137 4.15 — — — — 76 3.50 61 4.96 
Agency guaranteed mortgage-backed securities
8,459 1.84 — — 28 1.45 10 2.78 8,421 1.84 
Municipal securities 1
271 3.22 24 2.03 137 2.95 103 3.67 7 5.88 
Total held-to-maturity securities8,867 1.91 24 2.03 165 2.69 189 3.55 8,489 1.86 
Total investment securities$19,220 2.20 $231 3.37 $959 2.95 $3,571 2.59 $14,459 2.04 
1 The yields on tax-exempt securities are calculated on a tax-equivalent basis.