v3.25.2
LOAN SERVICING (Tables) - Mortgage Servicing Rights
 6 Months Ended
Jun. 30, 2025
Servicing Assets at Fair Value [Line Items]  
Schedule of Servicing Asset at Amortized Cost The unpaid principal balance of mortgage loans serviced for others is listed below:
TABLE 6.1
(in millions)June 30,
2025		December 31,
2024
Mortgage loans sold with servicing retained$6,730 $6,429 
The following table summarizes activity relating to mortgage loans sold with servicing retained:
TABLE 6.2
Three Months Ended
June 30,		Six Months Ended
June 30,
(in millions)2025202420252024
Mortgage loans sold with servicing retained$323 $306 $635 $622 
Pre-tax net gains (losses) resulting from above loan sales (1)
5 5 9 11 
Mortgage servicing fees (1)
4 3 8 7 
(1) Recorded in mortgage banking operations on the Consolidated Statements of Income.
Following is a summary of activity relating to MSRs:
TABLE 6.3
Three Months Ended
June 30,		Six Months Ended
June 30,
(in millions)2025202420252024
Balance at beginning of period$72.6 $62.5 $70.5 $59.5 
Additions2.5 3.9 6.0 7.8 
Payoffs and curtailments(1.3)(0.8)(2.1)(1.3)
Impairment (charge) / recovery0.1 — — 0.2 
Amortization / other(1.7)(0.5)(2.2)(1.1)
Balance at end of period$72.2 $65.1 $72.2 $65.1 
Fair value, beginning of period$84.8 $75.2 $86.3 $71.8 
Fair value, end of period85.5 78.0 85.5 78.0 
Schedule of Assumptions for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement
Following is a summary of the sensitivity of the fair value of MSRs to changes in key assumptions:
TABLE 6.4
(dollars in millions)June 30,
2025		December 31,
2024
Weighted average life (months)9296
Constant prepayment rate (annualized)8.2 %7.6 %
Discount rate10.1 %10.3 %
Effect on fair value due to change in interest rates:
+2.00%$11 $6 
+1.00%8 5 
+0.50%6 3 
+0.25%3 2 
-0.25%(3)(2)
-0.50%(7)(5)
-1.00%(13)(11)
-2.00%(22)(20)
-3.00%(39)(34)