Intangible Assets (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2023
Core deposit intangibles	$	209	(184)	25
Developed technology	106		(33)	73
Customer relationships	30		(10)	20
Other	16		(9)	7
Total intangible assets	$	361	(236)	125
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 years ending December 31, 2024 through 2028 is as follows:

($ in millions)	Total
2024	$	35
2025	28
2026	22
2027	14
2028	9