Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets

The details of the Bancorp’s intangible assets are shown in the following table:

($ in millions)	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount
As of September 30, 2023
Core deposit intangibles	$	209	(179)	30
Developed technology	106		(29)	77
Customer relationships	30		(9)	21
Other	17		(9)	8
Total intangible assets	$	362	(226)	136
As of December 31, 2022
Core deposit intangibles	$	229	(182)	47
Developed technology	106		(17)	89
Customer relationships	30		(7)	23
Other	20		(10)	10
Total intangible assets	$	385	(216)	169

Estimated Amortization Expense

Estimated amortization expense for the remainder of 2023 through 2027 is as follows:

($ in millions)	Total
Remainder of 2023	$	11
2024	35
2025	28
2026	22
2027	14