v3.26.1
FAIR VALUES OF ASSETS AND LIABILITIES - Level 3 Roll Forward (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Level 3 Assets Roll Forward:                
Transfers into Level 3     $ 0          
Transfers out of Level 3     (28)          
Derivative instruments                
Opening balance $ 9 $ 7 9 $ 7 $ 6 $ 3 $ 3 $ 2
Transfers into Level 3 0 0   0        
Transfers out of Level 3 (15) (10)   (17)        
Included in earnings   0   $ 0        
Included in earnings, location       Interest and Dividend Income, Operating        
Included in OCI 0 0 0 $ 0        
Purchases/originations 0 0 0 0        
Repayments 0 0 0 0        
Settlements 1 3 3 6        
Closing balance 9 7 9 7        
Change in unrealized gains (losses) for the period included in earnings for assets held at end of the reporting date 3 2 4 5        
Mortgage banking income                
Derivative instruments                
Included in earnings $ 17 $ 12 30 22        
Included in earnings, location Noninterest income Noninterest income            
Other noninterest income                
Derivative instruments                
Included in earnings   $ (1)   (6)        
Included in earnings, location   Noninterest income            
Cadence                
Derivative instruments                
Purchases/originations     1          
MSRs                
Level 3 Assets Roll Forward:                
Opening balance $ 735 $ 564 593 573        
Transfers into Level 3 0 0 0 0        
Transfers out of Level 3 0 0 0 0        
Total gains (losses) for the period:                
Included in earnings   $ 0   $ 0        
Included in earnings, location   Interest and Dividend Income, Operating   Interest and Dividend Income, Operating        
Included in OCI 0 $ 0 0 $ 0        
Purchases/originations 40 20 68 40        
Repayments 0 0 0 0        
Settlements (24) (17) (45) (31)        
Closing balance 752 567 752 567 735 593 564 573
Change in unrealized gains (losses) for the period included in earnings for assets held at end of the reporting date 1 0 (4) (15)        
MSRs | Mortgage banking income                
Total gains (losses) for the period:                
Included in earnings $ 1 $ 0 $ (4) $ (15)        
Included in earnings, location Noninterest income Noninterest income Noninterest income Noninterest income        
MSRs | Other noninterest income                
Total gains (losses) for the period:                
Included in earnings   $ 0   $ 0        
Included in earnings, location   Noninterest income   Noninterest income        
MSRs | Cadence                
Total gains (losses) for the period:                
Purchases/originations     $ 140          
Municipal securities                
Level 3 Assets Roll Forward:                
Opening balance $ 4,251 $ 3,929 4,061 $ 3,954        
Transfers into Level 3 0 0 0 0        
Transfers out of Level 3 0 0 0 0        
Total gains (losses) for the period:                
Included in earnings   $ (1)   $ (1)        
Included in earnings, location   Interest and Dividend Income, Operating   Interest and Dividend Income, Operating        
Included in OCI (6) $ 12 (32) $ 17        
Purchases/originations 663 421 989 639        
Repayments 0 0 0 0        
Settlements (343) (294) (453) (542)        
Closing balance 4,565 4,067 4,565 4,067 4,251 4,061 3,929 3,954
Change in unrealized gains (losses) for the period included in earnings for assets held at end of the reporting date (8) 10 (34) 14        
Municipal securities | Mortgage banking income                
Total gains (losses) for the period:                
Included in earnings $ 0 $ 0 $ 0 $ 0        
Included in earnings, location Noninterest income Noninterest income Noninterest income Noninterest income        
Municipal securities | Other noninterest income                
Total gains (losses) for the period:                
Included in earnings   $ 0   $ 0        
Included in earnings, location   Noninterest income   Noninterest income        
Municipal securities | Cadence                
Total gains (losses) for the period:                
Purchases/originations     $ 0          
Private-label CMO                
Level 3 Assets Roll Forward:                
Opening balance $ 20 $ 22 19 $ 21        
Transfers into Level 3 0 0 0 0        
Transfers out of Level 3 0 0 0 0        
Total gains (losses) for the period:                
Included in earnings   $ 0   $ 0        
Included in earnings, location   Interest and Dividend Income, Operating   Interest and Dividend Income, Operating        
Included in OCI 0 $ 0 0 $ 0        
Purchases/originations 0 0 0        
Repayments 0 0 0 0        
Settlements 0 (1) 1 0        
Closing balance 20 21 20 21 20 19 22 21
Change in unrealized gains (losses) for the period included in earnings for assets held at end of the reporting date 0 0 0 0        
Private-label CMO | Mortgage banking income                
Total gains (losses) for the period:                
Included in earnings $ 0 $ 0 $ 0 $ 0        
Included in earnings, location Noninterest income Noninterest income Noninterest income Noninterest income        
Private-label CMO | Other noninterest income                
Total gains (losses) for the period:                
Included in earnings   $ 0   $ 0        
Included in earnings, location   Noninterest income   Noninterest income        
Private-label CMO | Cadence                
Total gains (losses) for the period:                
Purchases/originations     $ 0          
Asset-backed securities                
Level 3 Assets Roll Forward:                
Opening balance $ 19 $ 47 28 $ 49        
Transfers into Level 3 0 0 0 0        
Transfers out of Level 3 0 0 0 0        
Total gains (losses) for the period:                
Included in earnings   $ 0   $ 0        
Included in earnings, location   Interest and Dividend Income, Operating   Interest and Dividend Income, Operating        
Included in OCI 0 $ 0 0 $ 0        
Purchases/originations 24 0 24        
Repayments 0 0 0 0        
Settlements 0 (9) (9) (11)        
Closing balance 43 38 43 38 19 28 47 49
Change in unrealized gains (losses) for the period included in earnings for assets held at end of the reporting date 0 0 0 0        
Asset-backed securities | Mortgage banking income                
Total gains (losses) for the period:                
Included in earnings $ 0 $ 0 $ 0 $ 0        
Included in earnings, location Noninterest income Noninterest income Noninterest income Noninterest income        
Asset-backed securities | Other noninterest income                
Total gains (losses) for the period:                
Included in earnings   $ 0   $ 0        
Included in earnings, location   Noninterest income   Noninterest income        
Asset-backed securities | Cadence                
Total gains (losses) for the period:                
Purchases/originations     $ 0          
Loans held for investment                
Level 3 Assets Roll Forward:                
Opening balance $ 61 $ 63 62 $ 61        
Transfers into Level 3 3 1 4 4        
Transfers out of Level 3 0 0 0 0        
Total gains (losses) for the period:                
Included in earnings   $ 0   $ 0        
Included in earnings, location   Interest and Dividend Income, Operating   Interest and Dividend Income, Operating        
Included in OCI 0 $ 0 0 $ 0        
Purchases/originations 0 0 0 0        
Repayments (2) (2) (4) (3)        
Settlements 0 0 0 0        
Closing balance 62 62 62 62 $ 61 $ 62 $ 63 $ 61
Change in unrealized gains (losses) for the period included in earnings for assets held at end of the reporting date 0 0 0 0        
Loans held for investment | Mortgage banking income                
Total gains (losses) for the period:                
Included in earnings $ 0 $ 0 $ 0 $ 0        
Included in earnings, location Noninterest income Noninterest income Noninterest income Noninterest income        
Loans held for investment | Other noninterest income                
Total gains (losses) for the period:                
Included in earnings   $ 0   $ 0        
Included in earnings, location   Noninterest income   Noninterest income        
Loans held for investment | Cadence                
Total gains (losses) for the period:                
Purchases/originations     $ 0