v3.25.2
Credit Quality and the Allowance for Loan and Lease Losses (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Summary of Transactions in the ALLL
The following tables summarize transactions in the ALLL by portfolio segment:
For the three months ended June 30, 2025 ($ in millions)
Commercial		Residential
Mortgage
Consumer
Total
Balance, beginning of period$1,241 139 1,004 2,384 
Losses charged-off(a)
(90)— (104)(194)
Recoveries of losses previously charged-off(a)
19 1 35 55 
Provision for (benefit from) loan and lease losses123 (6)50 167 
Balance, end of period$1,293 134 985 2,412 
(a)The Bancorp recorded $5 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.

For the three months ended June 30, 2024 ($ in millions)

Commercial
Residential
Mortgage

Consumer

Total
Balance, beginning of period$1,141 140 1,037 2,318 
Losses charged-off(a)
(83)(1)(98)(182)
Recoveries of losses previously charged-off(a)
3 1 34 38 
Provision for (benefit from) loan and lease losses52 (4)66 114 
Balance, end of period$1,113 136 1,039 2,288 
(a)The Bancorp recorded $7 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.

For the six months ended June 30, 2025 ($ in millions)

Commercial		Residential
Mortgage
Consumer
Total
Balance, beginning of period$1,154 146 1,052 2,352 
Losses charged off(a)
(156)(1)(209)(366)
Recoveries of losses previously charged off(a)
20 2 68 90 
Provision for (benefit from) loan and lease losses275 (13)74 336 
Balance, end of period$1,293 134 985 2,412 
(a)The Bancorp recorded $10 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.

For the six months ended June 30, 2024 ($ in millions)
CommercialResidential MortgageConsumerTotal
Balance, beginning of period$1,130 145 1,047 2,322 
Losses charged off(a)
(123)(1)(204)(328)
Recoveries of losses previously charged off(a)
8 2 64 74 
Provision for (benefit from) loan and lease losses98 (10)132 220 
Balance, end of period$1,113 136 1,039 2,288 
(a)The Bancorp recorded $15 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment The following tables provide a summary of the ALLL and related loans and leases, classified by portfolio segment:
As of June 30, 2025 ($ in millions)
Commercial		Residential
Mortgage
Consumer
Total
ALLL:(a)
Individually evaluated$181 1 14 196 
Collectively evaluated1,112 133 971 2,216 
Total ALLL$1,293 134 985 2,412 
Portfolio loans and leases:(b)
Individually evaluated$452 141 108 701 
Collectively evaluated73,700 17,433 30,455 121,588 
Total portfolio loans and leases$74,152 17,574 30,563 122,289 
(a)Includes $1 related to commercial leveraged leases at June 30, 2025.
(b)Excludes $107 of residential mortgage loans measured at fair value and includes $242 of commercial leveraged leases, net of unearned income, at June 30, 2025.

As of December 31, 2024 ($ in millions)

Commercial
Residential
Mortgage

Consumer

Total
ALLL:(a)
Individually evaluated$106 — 11 117 
Collectively evaluated1,048 146 1,041 2,235 
Total ALLL$1,154 146 1,052 2,352 
Portfolio loans and leases:(b)
Individually evaluated$395 131 96 622 
Collectively evaluated72,898 17,304 28,859 119,061 
Total portfolio loans and leases$73,293 17,435 28,955 119,683 
(a)Includes $1 related to commercial leveraged leases at December 31, 2024.
(b)Excludes $108 of residential mortgage loans measured at fair value and includes $248 of commercial leveraged leases, net of unearned income, at December 31, 2024.
Loan and Leases Balances by Credit Quality Indicator
The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk rating:
As of June 30, 2025 ($ in millions) Term Loans and Leases by Origination YearRevolving and Other Loans
20252024202320222021PriorTotal
Commercial and industrial loans:
Pass$1,840 2,545 1,002 2,183 997 688 40,659 49,914 
Special mention— 70 15 18 15 3 1,021 1,142 
Substandard33 114 96 163 53 33 1,574 2,066 
Doubtful— — — — — — 190 190 
Total commercial and industrial loans$1,873 2,729 1,113 2,364 1,065 724 43,444 53,312 
Commercial mortgage owner-occupied loans:

Pass$527 738 698 744 584 510 1,582 5,383 
Special mention— 13 19 18 9 3 44 106 
Substandard40 18 42 33 26 16 236 411 
Doubtful— — — — — — — — 
Total commercial mortgage owner-occupied loans$567 769 759 795 619 529 1,862 5,900 
Commercial mortgage nonowner-occupied loans:

Pass$260 565 658 773 169 564 2,796 5,785 
Special mention— 5 — — — — 89 94 
Substandard2 80 21 29 — 1 200 333 
Doubtful— — — — — — — — 
Total commercial mortgage nonowner-occupied loans$262 650 679 802 169 565 3,085 6,212 
Commercial construction loans:

Pass$8 4 — — 28 — 4,668 4,708 
Special mention— — — — — — 594 594 
Substandard— — — — — — 249 249 
Doubtful— — — — — — — — 
Total commercial construction loans$8 4 — — 28 — 5,511 5,551 
Commercial leases:

Pass$775 1,033 287 232 233 567 — 3,127 
Special mention— 9 4 — — — — 13 
Substandard— 8 8 9 5 7 — 37 
Doubtful— — — — — — — — 
Total commercial leases$775 1,050 299 241 238 574 — 3,177 
Total commercial loans and leases:
Pass$3,410 4,885 2,645 3,932 2,011 2,329 49,705 68,917 
Special mention— 97 38 36 24 6 1,748 1,949 
Substandard75 220 167 234 84 57 2,259 3,096 
Doubtful— — — — — — 190 190 
Total commercial loans and leases$3,485 5,202 2,850 4,202 2,119 2,392 53,902 74,152 
As of December 31, 2024 ($ in millions) Term Loans and Leases by Origination YearRevolving and Other Loans
20242023202220212020PriorTotal
Commercial and industrial loans:
Pass$2,966 1,346 2,445 1,321 371 437 40,185 49,071 
Special mention15 13 22 1 3 9 1,055 1,118 
Substandard67 95 182 74 32 15 1,545 2,010 
Doubtful— — 2 — — — 70 72 
Total commercial and industrial loans$3,048 1,454 2,651 1,396 406 461 42,855 52,271 
Commercial mortgage owner-occupied loans:
Pass$786 790 844 630 315 307 1,829 5,501 
Special mention8 9 23 7 — 3 31 81 
Substandard64 34 24 28 9 43 239 441 
Doubtful— — — — — — — — 
Total commercial mortgage owner-occupied loans$858 833 891 665 324 353 2,099 6,023 
Commercial mortgage nonowner-occupied loans:
Pass$710 751 769 170 263 408 2,698 5,769 
Special mention54 — 50 5 — — 150 259 
Substandard38 27 9 — — 2 119 195 
Doubtful— — — — — — — — 
Total commercial mortgage nonowner-occupied loans$802 778 828 175 263 410 2,967 6,223 
Commercial construction loans:
Pass$4 21 — 29 — — 4,565 4,619 
Special mention— — — — — — 756 756 
Substandard— — — — — — 213 213 
Doubtful— — — — — — — — 
Total commercial construction loans$4 21 — 29 — — 5,534 5,588 
Commercial leases:
Pass$1,532 335 281 311 137 517 — 3,113 
Special mention4 4 2 3 2 4 — 19 
Substandard— 11 12 4 3 26 — 56 
Doubtful— — — — — — — — 
Total commercial leases$1,536 350 295 318 142 547 — 3,188 
Total commercial loans and leases:
Pass$5,998 3,243 4,339 2,461 1,086 1,669 49,277 68,073 
Special mention81 26 97 16 5 16 1,992 2,233 
Substandard169 167 227 106 44 86 2,116 2,915 
Doubtful— — 2 — — — 70 72 
Total commercial loans and leases$6,248 3,436 4,665 2,583 1,135 1,771 53,455 73,293 

The following tables summarize the Bancorp’s gross charge-offs within the commercial portfolio segment, by class and vintage:
For the six months ended June 30, 2025
($ in millions)
Term Loans and Leases by Origination YearRevolving and Other Loans
20252024202320222021PriorTotal
Commercial loans and leases:
Commercial and industrial loans$— 8 22 5 3 1 98 137 
Commercial mortgage owner-occupied loans— — — — 3 11 1 15 
Commercial leases— — 1 1 — 2 — 4 
Total commercial loans and leases$— 8 23 6 6 14 99 156 
For the six months ended June 30, 2024
($ in millions)
Term Loans and Leases by Origination YearRevolving and Other Loans
20242023202220212020PriorTotal
Commercial loans and leases:
Commercial and industrial loans$— 2 3 1 1 — 116 123 
Commercial mortgage owner-occupied loans— — — — — — — — 
Commercial leases— — — — — — — — 
Total commercial loans and leases$— 2 3 1 1 — 116 123 
The following tables present the amortized cost basis of the Bancorp’s residential mortgage and consumer portfolio segments, by class and vintage, disaggregated by both delinquency and performing versus nonperforming status:
As of June 30, 2025 ($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20252024202320222021PriorTotal
Residential mortgage loans:
Performing:
Current(a)
$910 2,109 957 2,807 4,349 6,264 — — 17,396 
30-89 days past due— 2 2 4 8 14 — — 30 
90 days or more past due— — — 2 2 3 — — 7 
Nonperforming— — 5 12 16 108 — — 141 
Total residential mortgage loans(b)
$910 2,111 964 2,825 4,375 6,389 — — 17,574 
Home equity:

Performing:

Current$88 154 59 30 2 83 3,896 74 4,386 
30-89 days past due— — — — — 1 19 4 24 
90 days or more past due— — — — — — — — — 
Nonperforming— — 1 — — 6 62 6 75 
Total home equity$88 154 60 30 2 90 3,977 84 4,485 
Indirect secured consumer loans:

Performing:









Current$4,732 5,428 2,322 2,488 1,736 696 — — 17,402 
30-89 days past due8 24 24 35 20 13 — — 124 
90 days or more past due— — — — — — — — — 
Nonperforming1 8 14 20 14 8 — — 65 
Total indirect secured consumer loans$4,741 5,460 2,360 2,543 1,770 717 — — 17,591 
Credit card:

Performing:
Current$— — — — — — 1,643 — 1,643 
30-89 days past due— — — — — — 17 — 17 
90 days or more past due— — — — — — 18 — 18 
Nonperforming— — — — — — 29 — 29 
Total credit card$— — — — — — 1,707 — 1,707 
Solar energy installation loans:

Performing:
Current$387 789 1,997 1,068 1 31 — — 4,273 
30-89 days past due— 2 10 5 — — — — 17 
90 days or more past due— — — — — — — — — 
Nonperforming— 2 14 9 — 1 — — 26 
Total solar energy installation loans$387 793 2,021 1,082 1 32 — — 4,316 
Other consumer loans:

Performing:

Current$124 145 292 436 177 255 983 28 2,440 
30-89 days past due— 1 3 6 3 3 1 — 17 
90 days or more past due— — — — — — — — — 
Nonperforming— — 2 3 — 1 — 1 7 
Total other consumer loans$124 146 297 445 180 259 984 29 2,464 
Total residential mortgage and consumer loans:
Performing:
Current$6,241 8,625 5,627 6,829 6,265 7,329 6,522 102 47,540 
30-89 days past due8 29 39 50 31 31 37 4 229 
90 days or more past due— — — 2 2 3 18 — 25 
Nonperforming1 10 36 44 30 124 91 7 343 
Total residential mortgage and consumer loans(b)
$6,250 8,664 5,702 6,925 6,328 7,487 6,668 113 48,137 
(a)Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of June 30, 2025, $74 of these loans were 30-89 days past due and $161 were 90 days or more past due. The Bancorp recognized an immaterial amount and $1 of losses during the three and six months ended June 30, 2025, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans.
(b)Excludes $107 of residential mortgage loans measured at fair value at June 30, 2025, including $1 of 30-89 days past due loans, $1 of 90 days or more past due loans and $2 of nonperforming loans.
As of December 31, 2024 ($ in millions) Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20242023202220212020PriorTotal
Residential mortgage loans:
Performing:
Current(a)
$1,961 998 2,961 4,606 2,491 4,245 — — 17,262 
30-89 days past due1 3 4 9 4 12 — — 33 
90 days or more past due1 — 1 1 — 2 — — 5 
Nonperforming— 2 9 13 8 103 — — 135 
Total residential mortgage loans(b)
$1,963 1,003 2,975 4,629 2,503 4,362 — — 17,435 
Home equity:
Performing:
Current$168 67 34 2 4 86 3,660 72 4,093 
30-89 days past due— — — — — 1 23 1 25 
90 days or more past due— — — — — — — — — 
Nonperforming— — 1 — — 7 56 6 70 
Total home equity$168 67 35 2 4 94 3,739 79 4,188 
Indirect secured consumer loans:
Performing:
Current$6,773 2,836 3,046 2,371 753 349 — — 16,128 
30-89 days past due19 27 39 27 11 7 — — 130 
90 days or more past due— — — — — — — — — 
Nonperforming4 10 19 13 5 4 — — 55 
Total indirect secured consumer loans$6,796 2,873 3,104 2,411 769 360 — — 16,313 
Credit card:
Performing:
Current$— — — — — — 1,664 — 1,664 
30-89 days past due— — — — — — 18 — 18 
90 days or more past due— — — — — — 20 — 20 
Nonperforming— — — — — — 32 — 32 
Total credit card$— — — — — — 1,734 — 1,734 
Solar energy installation loans:

Performing:
Current$894 2,095 1,094 2 — 33 — — 4,118 
30-89 days past due2 11 7 — — — — — 20 
90 days or more past due— — — — — — — — — 
Nonperforming1 34 28 — — 1 — — 64 
Total solar energy installation loans$897 2,140 1,129 2 — 34 — — 4,202 
Other consumer loans:
Performing:
Current$201 351 507 219 171 142 860 34 2,485 
30-89 days past due1 5 10 3 1 2 1 1 24 
90 days or more past due— — — — — — — — — 
Nonperforming— 2 4 1 — 1 — 1 9 
Total other consumer loans$202 358 521 223 172 145 861 36 2,518 
Total residential mortgage and consumer loans:
Performing:
Current$9,997 6,347 7,642 7,200 3,419 4,855 6,184 106 45,750 
30-89 days past due23 46 60 39 16 22 42 2 250 
90 days or more past due1 — 1 1 — 2 20 — 25 
Nonperforming5 48 61 27 13 116 88 7 365 
Total residential mortgage and consumer loans(b)
$10,026 6,441 7,764 7,267 3,448 4,995 6,334 115 46,390 
(a)Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of December 31, 2024, $90 of these loans were 30-89 days past due and $162 were 90 days or more past due. The Bancorp recognized an immaterial amount and $1 of losses during the three and six months ended June 30, 2024, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans.
(b)Excludes $108 of residential mortgage loans measured at fair value at December 31, 2024, including $1 of 30-89 days past due loans, $1 of 90 days or more past
due loans and $2 of nonperforming loans.
The following tables summarize the Bancorp’s gross charge-offs within the residential mortgage and consumer portfolio segments, by class and vintage:
For the six months ended June 30, 2025
($ in millions)
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20252024202320222021PriorTotal
Residential mortgage loans$— — — — — 1 — — 1 
Consumer loans:
Home equity— — — — — — 3 — 3 
Indirect secured consumer loans— 13 20 22 8 6 — — 69 
Credit card— — — — — — 42 — 42 
Solar energy installation loans— 6 25 13 — — — — 44 
Other consumer loans— 2 8 13 4 7 16 1 51 
Total residential mortgage and consumer loans$— 21 53 48 12 14 61 1 210 

For the six months ended June 30, 2024
($ in millions)
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20242023202220212020PriorTotal
Residential mortgage loans$— — — — — 1 — — 1 
Consumer loans:
Home equity— — — — — — 3 — 3 
Indirect secured consumer loans— 16 26 13 5 6 — — 66 
Credit card— — — — — — 46 — 46 
Solar energy installation loans— 8 6 — 5 9 — — 28 
Other consumer loans— 5 13 6 10 9 16 2 61 
Total residential mortgage and consumer loans$— 29 45 19 20 25 65 2 205 
Financing Receivable, Past Due
The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class:
Current
Loans and
Leases(a)
Past DueTotal Loans
and Leases		90 Days Past
Due and Still
Accruing
As of June 30, 2025 ($ in millions)
30-89
Days(a)
90 Days
or More(a)
Total
Past Due
Commercial loans and leases:
Commercial and industrial loans$53,086 73 153 226 53,312 5 
Commercial mortgage owner-occupied loans5,883 6 11 17 5,900 — 
Commercial mortgage nonowner-occupied loans6,202 1 9 10 6,212 3 
Commercial construction loans5,550 1 — 1 5,551 — 
Commercial leases3,163 14 — 14 3,177 — 
Total portfolio commercial loans and leases$73,884 95 173 268 74,152 8 
(a)Includes accrual and nonaccrual loans and leases.

Current
Loans and
Leases(a)
Past DueTotal Loans
and Leases		90 Days Past
Due and Still
Accruing
As of December 31, 2024 ($ in millions)
30-89
Days(a)
90 Days
or More(a)
Total
Past Due
Commercial loans and leases:
Commercial and industrial loans$52,098 90 83 173 52,271 5 
Commercial mortgage owner-occupied loans5,980 40 3 43 6,023 — 
Commercial mortgage nonowner-occupied loans6,215 6 2 8 6,223 — 
Commercial construction loans5,587 1 — 1 5,588 — 
Commercial leases3,167 18 3 21 3,188 1 
Total portfolio commercial loans and leases$73,047 155 91 246 73,293 6 
(a)Includes accrual and nonaccrual loans and leases.
Summary of the Amortized Cost Basis of the Bancorp's Collateral Dependent Loans
The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of:
($ in millions)June 30,
2025		December 31,
2024
Commercial loans and leases:
Commercial and industrial loans$416 325 
Commercial mortgage owner-occupied loans28 63 
Commercial mortgage nonowner-occupied loans7 4 
Commercial construction loans— 1 
Commercial leases— 2 
Total commercial loans and leases$451 395 
Residential mortgage loans141 131 
Consumer loans:
Home equity74 66 
Indirect secured consumer loans34 30 
Total consumer loans$108 96 
Total portfolio loans and leases$700 622 
Summary of the Bancorp's Nonperforming Loans and Leases by Class
The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of:
June 30, 2025December 31, 2024
 ($ in millions)With an ALLLNo Related
ALLL		TotalWith an ALLLNo Related
ALLL		Total
Commercial loans and leases:
Commercial and industrial loans$425 35 460 265 109 374 
Commercial mortgage owner-occupied loans28 12 40 52 23 75 
Commercial mortgage nonowner-occupied loans4 4 8 — 4 4 
Commercial construction loans— — — — 1 1 
Commercial leases— — — 2 — 2 
Total nonaccrual portfolio commercial loans and leases$457 51 508 319 137 456 
Residential mortgage loans63 80 143 57 80 137 
Consumer loans:
Home equity24 51 75 21 49 70 
Indirect secured consumer loans57 8 65 48 7 55 
Credit card29 — 29 32 — 32 
Solar energy installation loans26 — 26 64 — 64 
Other consumer loans7 — 7 9 — 9 
Total nonaccrual portfolio consumer loans$143 59 202 174 56 230 
Total nonaccrual portfolio loans and leases(a)(b)
$663 190 853 550 273 823 
OREO and other repossessed property— 33 33 — 30 30 
Total nonperforming portfolio assets(a)(b)
$663 223 886 550 303 853 
(a)Excludes $27 and $7 of nonaccrual loans held for sale as of June 30, 2025 and December 31, 2024, respectively.
(b)Includes $16 and $18 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of June 30, 2025 and December 31, 2024, respectively.
Summary of Loan Modifications
The following tables present the amortized cost basis as of June 30, 2025 and 2024 of the Bancorp’s commercial portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification:
For the three months ended June 30, 2025 ($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayTotal% of Total Class
Commercial and industrial loans$80 — 163 243 0.46 
Commercial mortgage owner-occupied loans48 — 1 49 0.83 
Commercial mortgage nonowner-occupied loans— — — — — 
Commercial construction loans41 — — 41 0.74 
Total commercial portfolio loans$169 — 164 333 0.47 

For the three months ended June 30, 2024 ($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayTotal% of Total Class
Commercial and industrial loans$95 18 3 116 0.22 
Commercial mortgage owner-occupied loans23 — 1 24 0.44 
Commercial mortgage nonowner-occupied loans— — — — — 
Commercial construction loans4 — — 4 0.07 
Total commercial portfolio loans$122 18 4 144 0.20 

For the six months ended June 30, 2025 ($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayTotal% of Total Class
Commercial and industrial loans$116 4 163 283 0.53 
Commercial mortgage owner-occupied loans53 23 1 77 1.31 
Commercial mortgage nonowner-occupied loans2 — — 2 0.03 
Commercial construction loans50 — 43 93 1.68 
Total commercial portfolio loans$221 27 207 455 0.64 

For the six months ended June 30, 2024 ($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayTotal% of Total Class
Commercial and industrial loans$149 18 16 183 0.35 
Commercial mortgage owner-occupied loans33 — 1 34 0.63 
Commercial mortgage nonowner-occupied loans5 — — 5 0.08 
Commercial construction loans4 — — 4 0.07 
Total commercial portfolio loans$191 18 17 226 0.31 
The following tables present the amortized cost basis as of June 30, 2025 and 2024 of the Bancorp’s residential mortgage portfolio loans that were modified for borrowers experiencing financial difficulty, by type of modification:
June 30, 2025June 30, 2024
For the three months ended ($ in millions)Total% of Total ClassTotal% of Total Class
Payment delay$— — $3 0.02 
Term extension and payment delay22 0.12 24 0.14 
Term extension, interest rate reduction and payment delay12 0.07 2 0.01 
Total residential mortgage portfolio loans$34 0.19 $29 0.17 
June 30, 2025June 30, 2024
For the six months ended ($ in millions)
Total% of Total ClassTotal% of Total Class
Payment delay$— — $5 0.03 
Term extension and payment delay38 0.21 45 0.26 
Term extension, interest rate reduction and payment delay13 0.07 3 0.02 
Total residential mortgage portfolio loans$51 0.29 $53 0.31 
The following tables present the amortized cost basis as of June 30, 2025 and 2024 of the Bancorp’s consumer portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification:
For the three months ended June 30, 2025 ($ in millions)
Interest Rate ReductionPayment DelayTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal% of Total Class
Home equity$— — — 3 3 0.07 
Credit card5 — — — 5 0.29 
Solar energy installation loans— 1 — — 1 0.02 
Other consumer loans— 1 — — 1 0.04 
Total consumer portfolio loans$5 2 — 3 10 0.03 

For the three months ended June 30, 2024 ($ in millions)
Interest Rate ReductionPayment DelayTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal% of Total Class
Home equity$1 — — 2 3 0.08 
Credit card6 — — — 6 0.35 
Solar energy installation loans— — — — — — 
Other consumer loans— 1 — — 1 0.04 
Total consumer portfolio loans$7 1 — 2 10 0.04 

For the six months ended June 30, 2025 ($ in millions)
Interest Rate ReductionPayment DelayTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal% of Total Class
Home equity$1 — 1 5 7 0.16 
Credit card10 — — — 10 0.59 
Solar energy installation loans— 1 — — 1 0.02 
Other consumer loans— 2 — — 2 0.08 
Total consumer portfolio loans$11 3 1 5 20 0.07 

For the six months ended June 30, 2024 ($ in millions)
Interest Rate ReductionPayment DelayTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal% of Total Class
Home equity$1 — 1 5 7 0.18 
Credit card12 — — — 12 0.69 
Solar energy installation loans— — — — — — 
Other consumer loans— 2 — — 2 0.08 
Total consumer portfolio loans$13 2 1 5 21 0.08 
The following tables present the financial effects of the Bancorp’s significant types of portfolio loan modifications to borrowers experiencing financial difficulty, by portfolio class:
For the three months ended
June 30,
Financial Effects20252024
Commercial loans:
Commercial and industrial loansWeighted-average length of term extensions20 months10 months
Weighted-average length of payment delay9 months6 months
Commercial mortgage owner-
occupied loans
Weighted-average length of term extensions6 months12 months
Weighted-average length of payment delay6 months6 months
Commercial construction loansWeighted-average length of term extensions12 months6 months
Residential mortgage loansWeighted-average length of term extensions8.6 years9.1 years
Weighted-average interest rate reduction
From 6.5% to 5.0%
From 7.9% to 7.2%
Approximate amount of payment delays as a percentage of the related loan balances9%11%
Consumer loans:
Home equityWeighted-average length of term extensions21.6 years24.0 years
Weighted-average interest rate reduction
From 8.6% to 7.0%
From 8.8% to 7.1%
Approximate amount of payment delays as a percentage of the related loan balances4%5%
Credit cardWeighted-average interest rate reduction
From 23.2% to 4.1%
From 23.7% to 3.7%
For the six months ended
June 30,
Financial Effects20252024
Commercial loans:
Commercial and industrial loansWeighted-average length of term extensions16 months9 months
Weighted-average length of payment delay9 months5 months
Commercial mortgage owner-
occupied loans
Weighted-average length of term extensions7 months9 months
Weighted-average length of payment delay10 months6 months
Commercial mortgage nonowner-
occupied loans
Weighted-average length of term extensions6 months6 months
Commercial construction loansWeighted-average length of term extensions12 months6 months
Weighted-average length of payment delay7 monthsN/A
Residential mortgage loansWeighted-average length of term extensions9.2 years10.2 years
Weighted-average interest rate reduction
From 6.6% to 5.3%
From 7.8% to 7.2%
Approximate amount of payment delays as a percentage of the related loan balances10%12%
Consumer loans:
Home equityWeighted-average length of term extensions19.1 years24.9 years
Weighted-average interest rate reduction
From 8.5% to 6.9%
From 8.9% to 7.2%
Approximate amount of payment delays as a percentage of the related loan balances6%5%
Credit cardWeighted-average interest rate reduction
From 23.1% to 4.2%
From 23.9% to 3.9%
Financing Receivable, Modified, Past Due
The following tables present the amortized cost basis as of June 30, 2025 and 2024 for the Bancorp’s portfolio loans that were modified during the twelve months ended June 30, 2025 and 2024, respectively, for borrowers experiencing financial difficulty, by age and portfolio class:
June 30, 2025 ($ in millions)
Past Due
Current30-89 Days90 Days or MoreTotal
Commercial loans:
Commercial and industrial loans$321 3 62 386 
Commercial mortgage owner-occupied loans100 — 23 123 
Commercial mortgage nonowner-occupied loans51 — — 51 
Commercial construction loans118 — — 118 
Residential mortgage loans63 15 9 87 
Consumer loans:
Home equity13 1 1 15 
Credit card(a)
14 3 2 19 
Solar energy installation loans2 — — 2 
Other consumer loans3 — — 3 
Total portfolio loans$685 22 97 804 
(a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms.
June 30, 2024 ($ in millions)
Past Due
Current30-89 Days90 Days or MoreTotal
Commercial loans:
Commercial and industrial loans$199 3 8 210 
Commercial mortgage owner-occupied loans34 — — 34 
Commercial mortgage nonowner-occupied loans50 — — 50 
Commercial construction loans23 — — 23 
Residential mortgage loans74 15 11 100 
Consumer loans:
Home equity13 1 1 15 
Credit card(a)
17 3 3 23 
Solar energy installation loans1 — — 1 
Other consumer loans4 — — 4 
Total portfolio loans$415 22 23 460 
(a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms.
Summary of Amortized Cost Basis of Modifications to Borrowers Experiencing Financial Difficulty That Subsequently Defaulted and Were Within Twelve Months of the Modification Date The following tables present the amortized cost basis as of June 30, 2025 and 2024 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the three months ended June 30, 2025 and 2024, respectively, and were within twelve months of the modification date:
June 30, 2025 ($ in millions)
Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal
Commercial loans:
Commercial and industrial loans$1 — 43 — — — 44 
Commercial mortgage owner-occupied loans— — — — — — — 
Residential mortgage loans— — — — 6 1 7 
Consumer loans:
Home equity— — — — — 1 1 
Credit card— 1 — — — — 1 
Total portfolio loans$1 1 43 — 6 2 53 

June 30, 2024 ($ in millions)
Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal
Commercial loans:
Commercial and industrial loans$— — 13 — 6 — 19 
Commercial mortgage owner-occupied loans— — — — — — — 
Residential mortgage loans— — — — 7 — 7 
Consumer loans:
Home equity— 1 — — — — 1 
Credit card— 4 — — — — 4 
Total portfolio loans$— 5 13 — 13 — 31 

The following tables present the amortized cost basis as of June 30, 2025 and 2024 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the six months ended June 30, 2025 and 2024, respectively, and were within twelve months of the modification date:
June 30, 2025 ($ in millions)
Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal
Commercial loans:
Commercial and industrial loans$1 — 52 — 3 — 56 
Commercial mortgage owner-occupied loans— — — — 23 — 23 
Residential mortgage loans— — — — 13 3 16 
Consumer loans:
Home equity— — — — — 1 1 
Credit card— 4 — — — — 4 
Total portfolio loans$1 4 52 — 39 4 100 

June 30, 2024 ($ in millions)
Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal
Commercial loans:
Commercial and industrial loans$8 — 13 1 6 — 28 
Commercial mortgage owner-occupied loans— — — — — — — 
Residential mortgage loans— — 1 — 16 — 17 
Consumer loans:
Home equity— 1 — — — — 1 
Credit card— 6 — — — — 6 
Total portfolio loans$8 7 14 1 22 — 52