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Income Taxes - Effective tax rates (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income tax reconciliation      
Tax expense at the U.S. Federal statutory income tax rate $ 102 $ 152 $ 192
State and local taxes, net of Federal benefit 21 30 31
Adjustment of State tax rate used to value deferred taxes (8) (16) (6)
Non-deductible FDIC assessment fees 17 11 13
Other non-deductible / non-taxable items (3) 11 3
Items affecting prior periods (3) 11 0
Low income housing and other tax credit investments (30) (22) (15)
Other (1) 0 6
Provision for income taxes $ 95 $ 177 $ 224
Effective income tax reconciliation      
Tax expense (benefit) at the U.S. federal statutory income tax rate (in percent) 21.00% 21.00% 21.00%
State and local taxes, net of federal benefit (in percent) 4.30% 4.10% 3.40%
Adjustment of State tax rate used to value deferred taxes (in percent) (1.60%) (2.20%) (0.70%)
Non-deductible FDIC assessment fees (in percent) 3.50% 1.50% 1.40%
Other non-deductible / non-taxable items (in percent) (0.60%) 1.50% 0.30%
Items affecting prior periods (in percent) (0.60%) 1.50% 0.00%
Low income housing and other tax credit investments (in percent) (6.20%) (3.00%) (1.70%)
Other (in percent) (0.30%) 0.00% 0.90%
Effective tax rate (in percent) 19.50% 24.40% 24.60%