v3.25.4
Interest Income and Interest Expense
 12 Months Ended
Dec. 31, 2025
Banking and Thrift, Interest [Abstract]  
Interest Income and Interest Expense
Interest Income and Interest Expense
Interest is recorded over the life of the instrument on an accrual basis based on contractual interest rates.
The table below presents sources of interest income and interest expense.
Year Ended December
$ in millions202520242023
Deposits with banks$5,959 $9,282 $10,949 
Collateralized agreements18,697 19,895 16,405 
Trading assets17,146 14,316 8,460 
Investments7,597 5,998 3,856 
Loans16,616 16,162 14,905 
Other interest14,358 15,744 13,940 
Total interest income80,373 81,397 68,515 
Deposits18,393 20,282 17,010 
Collateralized financings17,010 17,362 12,705 
Trading liabilities3,992 2,911 2,453 
Short-term borrowings1,336 2,112 1,322 
Long-term borrowings10,115 11,010 11,084 
Other interest15,968 19,664 17,590 
Total interest expense66,814 73,341 62,164 
Net interest income$13,559 $8,056 $6,351 
In the table above:
•Collateralized agreements includes rebates paid and interest income on securities borrowed.
•Loans excludes interest on loans held for sale that are accounted for at the lower of cost or fair value. Such interest is included within other interest.
•Other interest income includes interest income on customer debit balances, other interest-earning assets and loans held for sale that are accounted for at the lower of cost or fair value.
•Collateralized financings consists of repurchase agreements and securities loaned.
•Short- and long-term borrowings include both secured and unsecured borrowings.
•Other interest expense includes rebates received on other interest-bearing liabilities and interest expense on customer credit balances.