v3.25.2
Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Credit Risk Profile of the Bancorp's Residential Mortgage and Consumer Portfolio Segments by Class (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Financing Receivable, Modifications          
Total portfolio loans and leases [1] $ 122,396   $ 122,396   $ 119,791
Residential Mortgage          
Financing Receivable, Modifications          
Residential mortgage loans 107 $ 109 107 $ 109 108
Residential Mortgage | Federal Housing Administration Loan          
Financing Receivable, Modifications          
Losses due to claim denials and curtailments 0 $ 0 1 $ 1  
Residential Mortgage | 30-89 days past due          
Financing Receivable, Modifications          
Residential mortgage loans 1   1   1
Residential Mortgage | 30-89 days past due | Federal Housing Administration Loan          
Financing Receivable, Modifications          
Total portfolio loans and leases 74   74   90
Residential Mortgage | 90 days or more past due          
Financing Receivable, Modifications          
Residential mortgage loans 1   1   1
Residential Mortgage | 90 days or more past due | Federal Housing Administration Loan          
Financing Receivable, Modifications          
Total portfolio loans and leases 161   161   162
Residential Mortgage | Nonperforming          
Financing Receivable, Modifications          
Residential mortgage loans 2   2   2
Residential Mortgage | Residential mortgage loans          
Financing Receivable, Modifications          
Year One 910   910   1,963
Year Two 2,111   2,111   1,003
Year Three 964   964   2,975
Year Four 2,825   2,825   4,629
Year Five 4,375   4,375   2,503
Prior 6,389   6,389   4,362
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17,574   17,574   17,435
Residential Mortgage | Residential mortgage loans | Performing | Current          
Financing Receivable, Modifications          
Year One 910   910   1,961
Year Two 2,109   2,109   998
Year Three 957   957   2,961
Year Four 2,807   2,807   4,606
Year Five 4,349   4,349   2,491
Prior 6,264   6,264   4,245
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17,396   17,396   17,262
Residential Mortgage | Residential mortgage loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   1
Year Two 2   2   3
Year Three 2   2   4
Year Four 4   4   9
Year Five 8   8   4
Prior 14   14   12
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 30   30   33
Residential Mortgage | Residential mortgage loans | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   1
Year Two 0   0   0
Year Three 0   0   1
Year Four 2   2   1
Year Five 2   2   0
Prior 3   3   2
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 7   7   5
Residential Mortgage | Residential mortgage loans | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   2
Year Three 5   5   9
Year Four 12   12   13
Year Five 16   16   8
Prior 108   108   103
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 141   141   135
Consumer          
Financing Receivable, Modifications          
Total portfolio loans and leases 48,244   48,244   46,498
Consumer | Residential mortgage loans          
Financing Receivable, Modifications          
Total portfolio loans and leases 17,681   17,681   17,543
Consumer | Home equity          
Financing Receivable, Modifications          
Year One 88   88   168
Year Two 154   154   67
Year Three 60   60   35
Year Four 30   30   2
Year Five 2   2   4
Prior 90   90   94
Revolving and Other Loans 3,977   3,977   3,739
Revolving Loans Converted to Term Loans 84   84   79
Total portfolio loans and leases 4,485   4,485   4,188
Consumer | Home equity | Performing | Current          
Financing Receivable, Modifications          
Year One 88   88   168
Year Two 154   154   67
Year Three 59   59   34
Year Four 30   30   2
Year Five 2   2   4
Prior 83   83   86
Revolving and Other Loans 3,896   3,896   3,660
Revolving Loans Converted to Term Loans 74   74   72
Total portfolio loans and leases 4,386   4,386   4,093
Consumer | Home equity | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 1   1   1
Revolving and Other Loans 19   19   23
Revolving Loans Converted to Term Loans 4   4   1
Total portfolio loans and leases 24   24   25
Consumer | Home equity | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 0   0   0
Consumer | Home equity | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 1   1   1
Year Four 0   0   0
Year Five 0   0   0
Prior 6   6   7
Revolving and Other Loans 62   62   56
Revolving Loans Converted to Term Loans 6   6   6
Total portfolio loans and leases 75   75   70
Consumer | Indirect secured consumer loans          
Financing Receivable, Modifications          
Year One 4,741   4,741   6,796
Year Two 5,460   5,460   2,873
Year Three 2,360   2,360   3,104
Year Four 2,543   2,543   2,411
Year Five 1,770   1,770   769
Prior 717   717   360
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17,591   17,591   16,313
Consumer | Indirect secured consumer loans | Performing | Current          
Financing Receivable, Modifications          
Year One 4,732   4,732   6,773
Year Two 5,428   5,428   2,836
Year Three 2,322   2,322   3,046
Year Four 2,488   2,488   2,371
Year Five 1,736   1,736   753
Prior 696   696   349
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17,402   17,402   16,128
Consumer | Indirect secured consumer loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 8   8   19
Year Two 24   24   27
Year Three 24   24   39
Year Four 35   35   27
Year Five 20   20   11
Prior 13   13   7
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 124   124   130
Consumer | Indirect secured consumer loans | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 0   0   0
Consumer | Indirect secured consumer loans | Nonperforming          
Financing Receivable, Modifications          
Year One 1   1   4
Year Two 8   8   10
Year Three 14   14   19
Year Four 20   20   13
Year Five 14   14   5
Prior 8   8   4
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 65   65   55
Consumer | Credit card          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving and Other Loans 1,707   1,707   1,734
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 1,707   1,707   1,734
Consumer | Credit card | Performing | Current          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving and Other Loans 1,643   1,643   1,664
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 1,643   1,643   1,664
Consumer | Credit card | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving and Other Loans 17   17   18
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17   17   18
Consumer | Credit card | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving and Other Loans 18   18   20
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 18   18   20
Consumer | Credit card | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving and Other Loans 29   29   32
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 29   29   32
Consumer | Solar energy installation loans          
Financing Receivable, Modifications          
Year One 387   387   897
Year Two 793   793   2,140
Year Three 2,021   2,021   1,129
Year Four 1,082   1,082   2
Year Five 1   1   0
Prior 32   32   34
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 4,316   4,316   4,202
Consumer | Solar energy installation loans | Performing | Current          
Financing Receivable, Modifications          
Year One 387   387   894
Year Two 789   789   2,095
Year Three 1,997   1,997   1,094
Year Four 1,068   1,068   2
Year Five 1   1   0
Prior 31   31   33
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 4,273   4,273   4,118
Consumer | Solar energy installation loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   2
Year Two 2   2   11
Year Three 10   10   7
Year Four 5   5   0
Year Five 0   0   0
Prior 0   0   0
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17   17   20
Consumer | Solar energy installation loans | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 0   0   0
Consumer | Solar energy installation loans | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   1
Year Two 2   2   34
Year Three 14   14   28
Year Four 9   9   0
Year Five 0   0   0
Prior 1   1   1
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 26   26   64
Consumer | Other consumer loans          
Financing Receivable, Modifications          
Year One 124   124   202
Year Two 146   146   358
Year Three 297   297   521
Year Four 445   445   223
Year Five 180   180   172
Prior 259   259   145
Revolving and Other Loans 984   984   861
Revolving Loans Converted to Term Loans 29   29   36
Total portfolio loans and leases 2,464   2,464   2,518
Consumer | Other consumer loans | Performing | Current          
Financing Receivable, Modifications          
Year One 124   124   201
Year Two 145   145   351
Year Three 292   292   507
Year Four 436   436   219
Year Five 177   177   171
Prior 255   255   142
Revolving and Other Loans 983   983   860
Revolving Loans Converted to Term Loans 28   28   34
Total portfolio loans and leases 2,440   2,440   2,485
Consumer | Other consumer loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   1
Year Two 1   1   5
Year Three 3   3   10
Year Four 6   6   3
Year Five 3   3   1
Prior 3   3   2
Revolving and Other Loans 1   1   1
Revolving Loans Converted to Term Loans 0   0   1
Total portfolio loans and leases 17   17   24
Consumer | Other consumer loans | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 0   0   0
Consumer | Other consumer loans | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   2
Year Three 2   2   4
Year Four 3   3   1
Year Five 0   0   0
Prior 1   1   1
Revolving and Other Loans 0   0   0
Revolving Loans Converted to Term Loans 1   1   1
Total portfolio loans and leases 7   7   9
Residential Mortgage and Consumer          
Financing Receivable, Modifications          
Year One 6,250   6,250   10,026
Year Two 8,664   8,664   6,441
Year Three 5,702   5,702   7,764
Year Four 6,925   6,925   7,267
Year Five 6,328   6,328   3,448
Prior 7,487   7,487   4,995
Revolving and Other Loans 6,668   6,668   6,334
Revolving Loans Converted to Term Loans 113   113   115
Total portfolio loans and leases 48,137   48,137   46,390
Residential Mortgage and Consumer | Performing | Current          
Financing Receivable, Modifications          
Year One 6,241   6,241   9,997
Year Two 8,625   8,625   6,347
Year Three 5,627   5,627   7,642
Year Four 6,829   6,829   7,200
Year Five 6,265   6,265   3,419
Prior 7,329   7,329   4,855
Revolving and Other Loans 6,522   6,522   6,184
Revolving Loans Converted to Term Loans 102   102   106
Total portfolio loans and leases 47,540   47,540   45,750
Residential Mortgage and Consumer | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 8   8   23
Year Two 29   29   46
Year Three 39   39   60
Year Four 50   50   39
Year Five 31   31   16
Prior 31   31   22
Revolving and Other Loans 37   37   42
Revolving Loans Converted to Term Loans 4   4   2
Total portfolio loans and leases 229   229   250
Residential Mortgage and Consumer | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   1
Year Two 0   0   0
Year Three 0   0   1
Year Four 2   2   1
Year Five 2   2   0
Prior 3   3   2
Revolving and Other Loans 18   18   20
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 25   25   25
Residential Mortgage and Consumer | Nonperforming          
Financing Receivable, Modifications          
Year One 1   1   5
Year Two 10   10   48
Year Three 36   36   61
Year Four 44   44   27
Year Five 30   30   13
Prior 124   124   116
Revolving and Other Loans 91   91   88
Revolving Loans Converted to Term Loans 7   7   7
Total portfolio loans and leases $ 343   $ 343   $ 365
[1] Includes $43 and $51 of other short-term investments, $757 and $1,000 of portfolio loans and leases, $(14) and $(19) of ALLL, $6 and $5 of other assets, $11 and $12 of other liabilities and $664 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2025 and December 31, 2024, respectively. For further information, refer to Note 7.