Goodwill and Core Deposit Intangibles (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Core Deposit Intangible Assets

The following tables summarize the activity for core deposit intangibles during the year ended December 31, 2023 and 2022:

Core Deposit Intangibles

dollars in millions	2023		2022
Balance at January 1, net of accumulated amortization	$	140	$	19
Core deposit intangibles related to the SVBB Acquisition	230		—
Core deposit intangibles related to the CIT Merger	—		143
Amortization for the period	(58)		(22)
Balance at December 31, net of accumulated amortization	$	312	$	140

The following tables summarize the accumulated amortization balance for core deposit intangibles at December 31, 2023 and 2022:

Core Deposit Intangible Accumulated Amortization

dollars in millions	December 31, 2023		December 31, 2022
Gross balance	$	501	$	271
Accumulated amortization	(189)		(131)
Balance, net of accumulated amortization	$	312	$	140

Schedule of Core Deposit Intangible Assets, Future Amortization Expense

The following table summarizes the expected amortization expense as of December 31, 2023 in subsequent periods for core deposit intangibles:

Core Deposit Intangible Expected Amortization

dollars in millions
2024	$	63
2025	54
2026	46
2027	39
2028	34
Thereafter	76
Balance, net of accumulated amortization	$	312

Schedule of Finite-Lived Intangible Liabilities

The following tables summarize the activity for the intangible liability during the year ended December 31, 2023 and 2022:

Intangible Liability

dollars in millions	2023		2022
Balance at January 1	$	36	$	—
Acquired in CIT Merger	—		52
Amortization	(12)		(16)
Balance at December 31, net of accumulated amortization	$	24	$	36

The following tables summarize the accumulated amortization balance for the intangible liability at December 31, 2023 and 2022:

Intangible Liability Accumulated Amortization

dollars in millions	December 31, 2023		December 31, 2022
Gross balance	$	52	$	52
Accumulated amortization	(28)		(16)
Balance, net of accumulated amortization	$	24	$	36

Schedule of Finite-Lived Intangible Liabilities, Future Amortization Expense

The following table summarizes the expected amortization as of December 31, 2023 in subsequent periods for the intangible liability:

Intangible Liability

dollars in millions
2024	$	6
2025	4
2026	3
2027	2
2028	2
Thereafter	7
Total	$	24