Dollars in millions, except per share data
	Three Months Ended									Year Ended December 31,
Summary Financial Data & Key Metrics	December 31, 2023			September 30, 2023			December 31, 2022			2023			2022
Results of Operations:
Net interest income	$	1,911		$	1,990		$	802		$	6,712		$	2,946
Provision for credit losses	249			192			79			1,375			645
Net interest income after provision for credit losses	1,662			1,798			723			5,337			2,301
Noninterest income	543			615			429			12,075			2,136
Noninterest expense	1,492			1,416			760			5,335			3,075
Income before income taxes	713			997			392			12,077			1,362
Income tax expense	199			245			135			611			264
Net income	514			752			257			11,466			1,098
Preferred stock dividends	15			15			14			59			50
Net income available to common stockholders	$	499		$	737		$	243		$	11,407		$	1,048
Adjusted net income available to common stockholders(1)	$	678		$	813		$	306		$	2,548		$	1,201
Pre-tax, pre-provision net revenue (PPNR)(1)	$	962		$	1,189		$	471		$	13,452		$	2,007
Per Share Information:
Diluted earnings per common share (EPS)	$	34.33		$	50.67		$	16.67		$	784.51		$	67.40
Adjusted diluted earnings per common share (EPS)(1)	46.58			55.92			20.94			175.22			77.24
Book value per common share at period end	1,403.12			1,343.52			605.36
Tangible book value per common share (TBV)(1) at period end	1,357.77			1,297.00			571.89
Key Performance Metrics:
Return on average assets (ROA)	0.95		%	1.41		%	0.93		%	5.90		%	1.01		%
Adjusted ROA(1)	1.28			1.55			1.15			1.34			1.15
PPNR ROA(1)	1.78			2.23			1.70			6.92			1.84
Adjusted PPNR ROA(1)	2.27			2.48			1.81			2.19			1.64
Return on average common equity (ROE)	9.97			15.20			11.05			66.88			11.15
Adjusted ROE(1)	13.53			16.77			13.89			14.94			12.78
Return on average tangible common equity (ROTCE)(1)	10.32			15.76			11.70			69.50			11.78
Adjusted ROTCE(1)	14.00			17.39			14.71			15.52			13.50
Efficiency ratio	60.80			54.34			61.74			28.40			60.50
Adjusted efficiency ratio(1)	48.00			46.04			54.08			49.33			56.40
Net interest margin (NIM)(2)	3.86			4.07			3.39			3.92			3.16
Select Balance Sheet Items at Period End:
Total investment securities	$	29,999		$	26,818		$	19,369
Total loans and leases	133,302			133,202			70,781
Total operating lease equipment, net	8,746			8,661			8,156
Total deposits	145,854			146,233			89,408
Total borrowings	37,654			37,712			6,645
Loan to deposit ratio	91.39		%	91.09		%	79.17		%
Noninterest-bearing deposits to total deposits	27.29			29.50			27.87
Capital Ratios at Period End: (3)
Total risk-based capital ratio	15.74		%	15.64		%	13.18		%
Tier 1 risk-based capital ratio	13.94			13.83			11.06
Common equity Tier 1 ratio	13.36			13.24			10.08
Tier 1 leverage capital ratio	9.83			9.73			8.99
Asset Quality at Period End:
Nonaccrual loans to total loans and leases	0.73		%	0.68		%	0.89		%
Allowance for loan and lease losses (ALLL) to loans and leases	1.31			1.26			1.30
Net charge-off ratio for the period	0.53			0.53			0.14			0.47			0.12
(1) Denotes a non-GAAP measure. Refer to the non-GAAP reconciliation subsequently included in these materials for a reconciliation to the most directly comparable GAAP measure. “Adjusted” items exclude the impact of Notable Items.
(2) Calculated net of average credit balances and deposits of factoring clients.
(3) Capital ratios as of the current quarter-end are preliminary pending completion of quarterly regulatory filings.

Dollars in millions, except share and per share data
	Three Months Ended						Year Ended December 31,
Income Statement (unaudited)	December 31, 2023		September 30, 2023		December 31, 2022		2023		2022
Interest income
Interest and fees on loans	$	2,391	$	2,426	$	892	$	8,187	$	2,953
Interest on investment securities	241		180		92		648		354
Interest on deposits at banks	485		504		56		1,556		106
Total interest income	3,117		3,110		1,040		10,391		3,413
Interest expense
Deposits	865		769		176		2,497		335
Borrowings	341		351		62		1,182		132
Total interest expense	1,206		1,120		238		3,679		467
Net interest income	1,911		1,990		802		6,712		2,946
Provision for credit losses	249		192		79		1,375		645
Net interest income after provision for credit losses	1,662		1,798		723		5,337		2,301
Noninterest income
Rental income on operating lease equipment	252		248		224		971		864
Fee income and other service charges	80		71		43		268		155
Client investment fees	51		52		—		157		—
Wealth management services	48		49		35		188		142
International fees	30		30		3		93		10
Service charges on deposit accounts	44		44		22		156		98
Factoring commissions	22		21		26		82		104
Cardholder services, net	36		41		26		139		102
Merchant services, net	12		12		8		48		35
Insurance commissions	14		13		13		54		47
Realized loss on sale of investment securities available for sale, net	—		(12)		—		(26)		—
Fair value adjustment on marketable equity securities, net	9		(1)		2		(11)		(3)
Bank-owned life insurance	—		1		7		8		32
Gain on sale of leasing equipment, net	2		10		2		20		15
Gain on acquisition	(83)		12		—		9,808		431
Gain on extinguishment of debt	—		—		—		—		7
Other noninterest income	26		24		18		120		97
Total noninterest income	543		615		429		12,075		2,136
Noninterest expense
Depreciation on operating lease equipment	96		95		88		371		345
Maintenance and other operating lease expenses	59		51		47		222		189
Salaries and benefits	714		727		354		2,636		1,408
Net occupancy expense	65		65		48		244		191
Equipment expense	114		117		55		422		216
Professional fees	29		12		11		73		45
Third-party processing fees	65		54		26		203		103
FDIC insurance expense	82		36		5		158		31
Marketing expense	24		22		21		102		53
Acquisition-related expenses	116		121		29		470		231
Intangible asset amortization	17		17		6		57		23
Other noninterest expense	111		99		70		377		240
Total noninterest expense	1,492		1,416		760		5,335		3,075
Income before income taxes	713		997		392		12,077		1,362
Income tax expense	199		245		135		611		264
Net income	$	514	$	752	$	257	$	11,466	$	1,098
Preferred stock dividends	15		15		14		59		50
Net income available to common stockholders	$	499	$	737	$	243	$	11,407	$	1,048
Basic earnings per common share	$	34.36	$	50.71	$	16.69	$	785.14	$	67.47
Diluted earnings per common share	$	34.33	$	50.67	$	16.67	$	784.51	$	67.40
Weighted average common shares outstanding (basic)	14,528,447		14,528,310		14,590,387		14,527,902		15,531,924
Weighted average common shares outstanding (diluted)	14,539,838		14,539,133		14,607,426		14,539,613		15,549,944

Dollars in millions
Balance Sheet (unaudited)	December 31, 2023		September 30, 2023		December 31, 2022
Assets
Cash and due from banks	$	908	$	791	$	518
Interest-earning deposits at banks	33,609		36,704		5,025
Securities purchased under agreements to resell	473		549		—
Investment in marketable equity securities	84		75		95
Investment securities available for sale	19,936		16,661		8,995
Investment securities held to maturity	9,979		10,082		10,279
Assets held for sale	76		58		60
Loans and leases	133,302		133,202		70,781
Allowance for loan and lease losses	(1,747)		(1,673)		(922)
Loans and leases, net of allowance for loan and lease losses	131,555		131,529		69,859
Operating lease equipment, net	8,746		8,661		8,156
Premises and equipment, net	1,877		1,768		1,456
Goodwill	346		346		346
Other intangible assets	312		329		140
Other assets	5,857		6,212		4,369
Total assets	$	213,758	$	213,765	$	109,298
Liabilities
Deposits:
Noninterest-bearing	$	39,799	$	43,141	$	24,922
Interest-bearing	106,055		103,092		64,486
Total deposits	145,854		146,233		89,408
Credit balances of factoring clients	1,089		1,282		995
Borrowings:
Short-term borrowings	485		453		2,186
Long-term borrowings	37,169		37,259		4,459
Total borrowings	37,654		37,712		6,645
Other liabilities	7,906		8,149		2,588
Total liabilities	$	192,503	$	193,376	$	99,636
Stockholders’ equity
Preferred stock	881		881		881
Common stock:
Class A - $1 par value	14		14		14
Class B - $1 par value	1		1		1
Additional paid in capital	4,108		4,106		4,109
Retained earnings	16,742		16,267		5,392
Accumulated other comprehensive loss	(491)		(880)		(735)
Total stockholders’ equity	21,255		20,389		9,662
Total liabilities and stockholders’ equity	$	213,758	$	213,765	$	109,298

Dollars in millions, except share per share data
Notable Items (1)	Three Months Ended						Year Ended December 31,
	December 31, 2023		September 30, 2023		December 31, 2022		2023		2022
Noninterest income
Rental income on operating lease equipment (2)	$	(155)	$	(146)	$	(135)	$	(593)	$	(534)
Realized loss on sale of investment securities available for sale, net	—		12		—		26		—
Fair value adjustment on marketable equity securities, net	(9)		1		(2)		11		3
Gain on sale of leasing equipment, net	(2)		(10)		(2)		(20)		(15)
Gain on acquisition	83		(12)		—		(9,808)		(431)
Gain on extinguishment of debt	—		—		—		—		(7)
Other noninterest income (3)	(5)		8		—		3		(11)
Impact of notable items on adjusted noninterest income	$	(88)	$	(147)	$	(139)	$	(10,381)	$	(995)
Noninterest expense
Depreciation on operating lease equipment (2)	(96)		(95)		(88)		(371)		(345)
Maintenance and other operating lease equipment expense (2)	(59)		(51)		(47)		(222)		(189)
Professional fees (4)	(5)		—		—		(5)		—
FDIC insurance special assessment	(64)		—		—		(64)		—
Acquisition-related expenses	(116)		(121)		(29)		(470)		(231)
Intangible asset amortization	(17)		(17)		(6)		(57)		(23)
Other noninterest expense (5)	—		—		—		—		18
Impact of notable items on adjusted noninterest expense	$	(357)	$	(284)	$	(170)	$	(1,189)	$	(770)
Day 2 provision for loan and lease losses and off-balance sheet exposure	$	—	$	—	$	—	$	(716)	$	(513)
Benefit for credit losses on investment securities available for sale	—		3		—		—		—
Impact of notable items on adjusted provision for credit losses	$	—	$	3	$	—	$	(716)	$	(513)
Impact of notable items on adjusted pre-tax income	$	269	$	134	$	31	$	(8,476)	$	288
Income tax impact (6)	90		58		(32)		383		135
Impact of notable items on adjusted net income	$	179	$	76	$	63	$	(8,859)	$	153
Impact of notable items on adjusted diluted EPS	$	12.25	$	5.25	$	4.27	$	(609.29)	$	9.84

(1) Notable items include income and expense for infrequent transactions and certain recurring items (typically noncash) that management believes should be excluded from adjusted measures (Non-GAAP) to enhance understanding of operations and comparability to historical periods. Management utilizes both GAAP and adjusted measures (Non-GAAP) to analyze the Company’s performance. Refer to subsequent pages of this financial supplement for a reconciliation of Non-GAAP measures to the most directly comparable GAAP measures.

(2)Depreciation and maintenance and other operating lease expenses are reclassified from noninterest expense to a reduction of rental income on operating lease equipment. There is no net impact to earnings for this notable item as adjusted noninterest income and expense are reduced by the same amount. Adjusted rental income on operating lease equipment (Non-GAAP) is net of depreciation and maintenance expense for operating lease equipment. Management believes this measure enhances comparability to banking peers, primarily due to the extent of our rail and other equipment rental activities. Refer to subsequent pages of this financial supplement for a reconciliation of Non-GAAP measures to the most directly comparable GAAP measure.

(3)Notable items included in other noninterest income consist of a gain on sale of insurance accounts in 4Q23 and a measurement period adjustment related to FX translation in 3Q23. YTD22 notable items consist of a railcar lease settlement and a gain on sale of the corporate jet.

(4) Professional fees related to other integration.

(5) Notable items included in other noninterest expense consist of an impairment on corporate real estate and the termination of legacy CIT post-retirement plans in YTD22.

(6) For the periods presented, the income tax impact may include tax discrete items and changes in the estimated annualized effective tax rate.

Dollars in millions, except share and per share data
Condensed Income Statements (unaudited) - Adjusted for Notable Items (1)	Three Months Ended						Year Ended December 31,
	December 31, 2023		September 30, 2023		December 31, 2022		2023		2022
Interest income	$	3,117	$	3,110	$	1,040	$	10,391	$	3,413
Interest expense	1,206		1,120		238		3,679		467
Net interest income	1,911		1,990		802		6,712		2,946
Provision for credit losses	249		195		79		659		132
Net interest income after provision for credit losses	1,662		1,795		723		6,053		2,814
Noninterest income	455		468		290		1,694		1,141
Noninterest expense	1,135		1,132		590		4,146		2,305
Income before income taxes	982		1,131		423		3,601		1,650
Income tax expense	289		303		103		994		399
Net income	$	693	$	828	$	320	$	2,607	$	1,251
Preferred stock dividends	15		15		14		59		50
Net income available to common stockholders	$	678	$	813	$	306	$	2,548	$	1,201
Basic earnings per common share	$	46.62	$	55.96	$	20.97	$	175.37	$	77.33
Diluted earnings per common share	46.58		55.92		20.94		175.22		77.24
Weighted average common shares outstanding (basic)	14,528,447		14,528,310		14,590,387		14,527,902		15,531,924
Weighted average common shares outstanding (diluted)	14,539,838		14,539,133		14,607,426		14,539,613		15,549,944

(1)The GAAP income statements and notable items are included previously in this financial supplement. The condensed adjusted income statements above (Non-GAAP) exclude the impacts of notable items. Refer to the Non-GAAP reconciliation table(s) at the end of this financial supplement for a reconciliation of Non-GAAP measures to the most directly comparable GAAP measure.

Dollars in millions
Loans and Leases by Class (end of period)	December 31, 2023		September 30, 2023		December 31, 2022
Loans and Leases by Class
Commercial
Commercial construction	$	3,465	$	3,382	$	2,804
Owner-occupied commercial mortgages	15,567		15,230		14,473
Non-owner-occupied commercial mortgages	11,540		10,941		9,902
Commercial and industrial	27,072		26,389		24,105
Leases	2,054		2,108		2,171
Total commercial	$	59,698	$	58,050	$	53,455
Consumer
Residential mortgage	$	14,422	$	14,287	$	13,309
Revolving mortgage	2,007		1,909		1,951
Consumer auto	1,442		1,411		1,414
Consumer other	720		681		652
Total consumer	$	18,591	$	18,288	$	17,326
SVB
Global fund banking	$	25,553	$	27,516	$	—
Investor dependent - early stage	1,403		1,718		—
Investor dependent - growth stage	2,897		3,948		—
Innovation C&I and cash flow dependent	9,658		8,724		—
Private Bank	9,822		9,648		—
CRE	2,698		2,629		—
Other	2,982		2,681		—
Total SVB	$	55,013	$	56,864	$	—
Total loans and leases	$	133,302	$	133,202	$	70,781
Less: allowance for loan and lease losses	(1,747)		(1,673)		(922)
Total loans and leases, net of allowance for loan and lease losses	$	131,555	$	131,529	$	69,859
Deposits by Type (end of period)	December 31, 2023		September 30, 2023		December 31, 2022
Demand	$	39,799	$	43,141	$	24,922
Checking with interest	23,754		23,461		16,202
Money market	30,616		30,082		21,040
Savings	35,258		32,708		16,834
Time	16,427		16,841		10,410
Total deposits	$	145,854	$	146,233	$	89,408

Dollars in millions
	Three Months Ended									Year Ended December 31,
Credit Quality and Allowance for Loan and Lease Losses	December 31, 2023			September 30, 2023			December 31, 2022			2023			2022
Nonaccrual loans at period end	$	969		$	899		$	627
Ratio of nonaccrual loans to total loans at period end	0.73		%	0.68		%	0.89		%
Charge-offs	$	(201)		$	(199)		$	(39)		$	(638)		$	(146)
Recoveries	24			23			15			78			67
Net charge-offs	$	(177)		$	(176)		$	(24)		$	(560)		$	(79)
Net charge-off ratio	0.53		%	0.53		%	0.14		%	0.47		%	0.12		%
Allowance for loan and lease losses to loans ratio at period end	1.31		%	1.26		%	1.30		%
Allowance for loan and lease losses at beginning of period	$	1,673		$	1,637		$	882		$	922		$	178
Initial PCD ALLL	—			—			—			220			272
Day 2 provision for loan and lease losses	—			—			—			462			454
Provision for loan and lease losses	251			212			64			703			97
Net charge-offs	(177)			(176)			(24)			(560)			(79)
Allowance for loan and lease losses at end of period	$	1,747		$	1,673		$	922		$	1,747		$	922

Dollars in millions	Three Months Ended
Average Balance Sheets, Yields and Rates	December 31, 2023						September 30, 2023						December 31, 2022
	Average Balance		Income/Expense		Yield/Rate		Average Balance		Income/Expense		Yield/Rate		Average Balance		Income/Expense		Yield/Rate
Loans and leases (1)(2)	$	131,594	$	2,391	7.21	%	$	131,653	$	2,426	7.30	%	$	68,949	$	892	5.14	%
Investment securities	28,722		239		3.30		24,388		177		2.90		18,876		92		1.95
Securities purchased under agreements to resell	225		2		5.36		223		3		5.28		—		—		—
Interest-earning deposits at banks	35,712		485		5.39		37,456		504		5.34		6,193		56		3.60
Total interest-earning assets (2)	$	196,253	$	3,117	6.30	%	$	193,720	$	3,110	6.37	%	$	94,018	$	1,040	4.40	%
Operating lease equipment, net	$	8,715					$	8,617					$	8,049
Cash and due from banks	846						911						500
Allowance for loan and lease losses	(1,717)						(1,714)						(886)
All other noninterest-earning assets	10,515						10,460						8,093
Total assets	$	214,612					$	211,994					$	109,774
Interest-bearing deposits
Checking with interest	$	23,820	$	128	2.14	%	$	24,600	$	134	2.15	%	$	15,985	$	13	0.31	%
Money Market	30,178		211		2.77		29,684		179		2.40		21,200		60		1.13
Savings	34,166		362		4.20		30,185		303		3.99		16,030		69		1.71
Time deposits	16,553		164		3.94		16,489		153		3.68		9,317		34		1.45
Total interest-bearing deposits	104,717		865		3.28		100,958		769		3.02		62,532		176		1.12
Borrowings:
Securities sold under customer repurchase agreements	455		1		0.44		454		—		0.35		514		—		0.27
Short-term FHLB borrowings	—		—		—		—		—		—		2,080		20		3.77
Short-term borrowings	455		1		0.44		454		—		0.35		2,594		20		3.08
Federal Home Loan Bank borrowings	—		—		1.99		444		6		5.47		2,818		28		3.90
Senior unsecured borrowings	377		3		2.46		382		2		2.46		906		4		2.08
Subordinated debt	1,038		10		3.82		1,042		10		3.65		1,051		9		3.38
Other borrowings	35,845		327		3.65		35,831		333		3.71		25		1		6.57
Long-term borrowings	37,260		340		3.65		37,699		351		3.72		4,800		42		3.46
Total borrowings	37,715		341		3.61		38,153		351		3.68		7,394		62		3.32
Total interest-bearing liabilities	$	142,432	$	1,206	3.37	%	$	139,111	$	1,120	3.20	%	$	69,926	$	238	1.35	%
Noninterest-bearing deposits	$	41,599					$	43,085					$	26,510
Credit balances of factoring clients	1,275						1,209						1,174
Other noninterest-bearing liabilities	8,566						8,473						2,543
Stockholders' equity	20,740						20,116						9,621
Total liabilities and stockholders’ equity	$	214,612					$	211,994					$	109,774
Net interest income			$	1,911					$	1,990					$	802
Net interest spread (2)					2.93	%					3.17	%					3.05	%
Net interest margin (2)					3.86	%					4.07	%					3.39	%
(1) Loans and leases include non-PCD and PCD loans, nonaccrual loans, and loans held for sale. Interest income on loans and leases includes accretion income and loan fees.
(2) The balance and rate presented is calculated net of average credit balances and deposits of factoring clients.
Note: Certain items above do not precisely recalculate as presented due to rounding.

Dollars in millions	Twelve Months Ended
Average Balance Sheets, Yields and Rates	December 31, 2023						December 31, 2022
	Average Balance		Income/Expense		Yield/Rate		Average Balance		Income/Expense		Yield/Rate
Loans and leases (1)(2)	$	117,708	$	8,187	6.95	%	$	66,303	$	2,953	4.45	%
Investment securities	23,112		640		2.77		19,166		354		1.85
Securities purchased under agreements to resell	161		8		5.20		—		—		—
Interest-earning deposits at banks	29,790		1,556		5.22		7,726		106		1.38
Total interest-earning assets (2)	$	170,771	$	10,391	6.08	%	$	93,195	$	3,413	3.66	%
Operating lease equipment, net	$	8,495					$	7,982
Cash and due from banks	879						512
Allowance for loan and lease losses	(1,495)						(875)
All other noninterest-earning assets	15,631						8,101
Total assets	$	194,281					$	108,915
Interest-bearing deposits
Checking with interest	$	22,296	$	402	1.80	%	$	16,323	$	29	0.18	%
Money Market	27,567		618		2.24		23,949		125		0.52
Savings	26,121		963		3.69		14,392		117		0.81
Time deposits	14,946		514		3.44		8,934		64		0.72
Total interest-bearing deposits	90,930		2,497		2.75		63,598		335		0.53
Borrowings:
Securities sold under customer repurchase agreements	455		2		0.35		590		1		0.19
Short-term FHLB borrowings	108		5		4.79		824		28		3.35
Short-term borrowings	563		7		1.20		1,414		29		2.03
Federal Home Loan Bank borrowings	2,307		120		5.22		1,414		43		3.01
Senior unsecured borrowings	608		14		2.21		1,348		25		1.89
Subordinated debt	1,043		39		3.65		1,056		33		3.15
Other borrowings	27,322		1,002		3.67		64		2		3.22
Long-term borrowings	31,280		1,175		3.75		3,882		103		2.66
Total borrowings	31,843		1,182		3.71		5,296		132		2.49
Total interest-bearing liabilities	$	122,773	$	3,679	3.00	%	$	68,894	$	467	0.68	%
Noninterest-bearing deposits	$	39,660					$	26,318
Credit balances of factoring clients	1,166						1,153
Other noninterest-bearing liabilities	12,745						2,274
Stockholders' equity	17,937						10,276
Total liabilities and stockholders’ equity	$	194,281					$	108,915
Net interest income			$	6,712					$	2,946
Net interest spread (2)					3.08	%					2.98	%
Net interest margin (2)					3.92	%					3.16	%
(1) Loans and leases include non-PCD and PCD loans, nonaccrual loans, and loans held for sale. Interest income on loans and leases includes accretion income and loan fees.
(2) The balance and rate presented is calculated net of average credit balances and deposits of factoring clients.
Note: Certain items above do not precisely recalculate as presented due to rounding.

Dollars in millions, except share and per share data
		Three Months Ended						Year Ended December 31,
Non-GAAP Reconciliations		December 31, 2023		September 30, 2023		December 31, 2022		2023		2022
Net income and EPS
Net income (GAAP)	a	$	514	$	752	$	257	$	11,466	$	1,098
Preferred stock dividends		15		15		14		59		50
Net income available to common stockholders (GAAP)	b	499		737		243		11,407		1,048
Total notable items, after income tax	c	179		76		63		(8,859)		153
Adjusted net income (non-GAAP)	d = (a+c)	693		828		320		2,607		1,251
Adjusted net income available to common stockholders (non-GAAP)	e = (b+c)	$	678	$	813	$	306	$	2,548	$	1,201
Weighted average common shares outstanding
Basic	f	14,528,447		14,528,310		14,590,387		14,527,902		15,531,924
Diluted	g	14,539,838		14,539,133		14,607,426		14,539,613		15,549,944
EPS (GAAP)
Basic	b/f	$	34.36	$	50.71	$	16.69	$	785.14	$	67.47
Diluted	b/g	34.33		50.67		16.67		784.51		67.40
Adjusted EPS (non-GAAP)
Basic	e/f	$	46.62	$	55.96	$	20.97	$	175.37	$	77.33
Diluted	e/g	46.58		55.92		20.94		175.22		77.24
Noninterest income and expense
Noninterest income	h	$	543	$	615	$	429	$	12,075	$	2,136
Impact of notable items, before income tax		(88)		(147)		(139)		(10,381)		(995)
Adjusted noninterest income (non-GAAP)	i	$	455	$	468	$	290	$	1,694	$	1,141
Noninterest expense	j	$	1,492	$	1,416	$	760	$	5,335	$	3,075
Impact of notable items, before income tax		(357)		(284)		(170)		(1,189)		(770)
Adjusted noninterest expense (non-GAAP)	k	$	1,135	$	1,132	$	590	$	4,146	$	2,305
Provision for credit losses
Provision for credit losses		$	249	$	192	$	79	$	1,375	$	645
Less: day 2 provision for loan and lease losses and off-balance sheet exposure		—		—		—		716		513
Plus: benefit for credit losses on investment securities available for sale		—		3		—		—		—
Adjusted provision for credit losses (non-GAAP)		$	249	$	195	$	79	$	659	$	132
PPNR
Net income (GAAP)	a	$	514	$	752	$	257	$	11,466	$	1,098
Plus:
Provision for credit losses		249		192		79		1,375		645
Income tax expense		199		245		135		611		264
PPNR (non-GAAP)	l	$	962	$	1,189	$	471	$	13,452	$	2,007
Impact of notable items (1)		269		137		31		(9,192)		(225)
Adjusted PPNR (non-GAAP)	m	$	1,231	$	1,326	$	502	$	4,260	$	1,782
(1) Excludes the notable items for the provision for credit losses and income taxes as these items are excluded from PPNR as presented in the table above.
Note: Certain items above do not precisely recalculate as presented due to rounding.

Dollars in millions, except share and per share data
		Three Months Ended									Year Ended December 31,
Non-GAAP Reconciliations (continued)		December 31, 2023			September 30, 2023			December 31, 2022			2023			2022
ROA
Net income (GAAP)	a	$	514		$	752		$	257		$	11,466		$	1,098
Annualized net income	n = a annualized	2,041			2,983			1,019			11,466			1,098
Adjusted net income (non-GAAP)	d	693			828			320			2,607			1,251
Annualized adjusted net income	p = d annualized	2,748			3,286			1,269			2,607			1,251
Average assets	o	214,612			211,994			109,774			194,281			108,915
ROA	n/o	0.95		%	1.41		%	0.93		%	5.90		%	1.01		%
Adjusted ROA (non-GAAP)	p/o	1.28			1.55			1.15			1.34			1.15
PPNR ROA
PPNR (non-GAAP)	l	$	962		$	1,189		$	471		$	13,452		$	2,007
Annualized PPNR	q = l annualized	3,818			4,717			1,868			13,452			2,007
Adjusted PPNR (non-GAAP)	m	1,231			1,326			502			4,260			1,782
Annualized adjusted PPNR	r = m annualized	4,882			5,261			1,990			4,260			1,782
PPNR ROA	q/o	1.78		%	2.23		%	1.70		%	6.92		%	1.84		%
Adjusted PPNR ROA (non-GAAP)	r/o	2.27			2.48			1.81			2.19			1.64
ROE and ROTCE
Annualized net income available to common stockholders	s = b annualized	$	1,980		$	2,923		$	966		$	11,407		$	1,048
Annualized adjusted net income available to common stockholders	t = e annualized	$	2,687		$	3,225		$	1,216		$	2,548		$	1,201
Average stockholders' equity (GAAP)		$	20,740		$	20,116		$	9,621		$	17,937		$	10,276
Less: average preferred stock		881			881			881			881			878
Average common stockholders' equity (non-GAAP)	u	$	19,859		$	19,235		$	8,740		$	17,056		$	9,398
Less: average goodwill		346			346			346			346			346
Less: average other intangible assets		322			338			143			298			157
Average tangible common equity (non-GAAP)	v	$	19,191		$	18,551		$	8,251		$	16,412		$	8,895
ROE	s/u	9.97		%	15.20		%	11.05		%	66.88		%	11.15		%
Adjusted ROE (non-GAAP)	t/u	13.53			16.77			13.89			14.94			12.78
ROTCE	s/v	10.32			15.76			11.70			69.50			11.78
Adjusted ROTCE (non-GAAP)	t/v	14.00			17.39			14.71			15.52			13.50
Tangible common equity to tangible assets at period end
Stockholders' equity (GAAP)	w	$	21,255		$	20,389		$	9,662
Less: preferred stock		881			881			881
Common equity (non-GAAP)	x	$	20,374		$	19,508		$	8,781
Less: goodwill		346			346			346
Less: other intangible assets		312			329			140
Tangible common equity (non-GAAP)	y	$	19,716		$	18,833		$	8,295
Total assets (GAAP)	z	213,758			213,765			109,298
Tangible assets (non-GAAP)	aa	213,100			213,090			108,812
Total equity to total assets	w/z	9.94		%	9.54		%	8.84		%
Tangible common equity to tangible assets (non-GAAP)	y/aa	9.25			8.84			7.62

Note: Certain items above do not precisely recalculate as presented due to rounding.
Dollars in millions, except share and per share data
		Three Months Ended									Year Ended December 31,
Non-GAAP Reconciliations (continued)		December 31, 2023			September 30, 2023			December 31, 2022			2023			2022
Book value and tangible book value per common share at period end
Common shares outstanding at period end	bb	14,520,118			14,520,103			14,506,202
Book value per share	x/bb	$	1,403.12		$	1,343.52		$	605.36
Tangible book value per share (non-GAAP)	y/bb	1,357.77			1,297.00			571.89
Efficiency ratio
Net interest income	cc	$	1,911		$	1,990		$	802		$	6,712		$	2,946
Efficiency ratio (GAAP)	j / (h + cc)	60.80		%	54.34		%	61.74		%	28.40		%	60.50		%
Adjusted efficiency ratio (non-GAAP)	k / (i + cc)	48.00			46.04			54.08			49.33		%	56.40		%
Rental income on operating lease equipment
Rental income on operating lease equipment		$	252		$	248		$	224		$	971		$	864
Less:
Depreciation on operating lease equipment		96			95			88			371			345
Maintenance and other operating lease expenses		59			51			47			222			189
Adjusted rental income on operating lease equipment (non-GAAP)		$	97		$	102		$	89		$	378		$	330
Income tax expense
Income tax expense		$	199		$	245		$	135		$	611		$	264
Impact of notable items		90			58			(32)			383			135
Adjusted income tax expense (non-GAAP)		$	289		$	303		$	103		$	994		$	399
Note: Certain items above do not precisely recalculate as presented due to rounding.