v3.26.1
Loans and Related Allowance for Credit Losses
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Loans and Related Allowance for Credit Losses LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES
Loan Portfolio

Our loan portfolio consists of two portfolio segments – Commercial and Consumer. Each of these segments comprises multiple loan classes. Classes are characterized by similarities in risk attributes and the manner in which we monitor and assess credit risk.
CommercialConsumer
• Commercial and industrial
• Residential real estate
• Commercial real estate
• Home equity
• Automobile
• Credit card
• Other consumer
See Note 1 Accounting Policies for additional information on our loan classes. See Note 1 Accounting Policies in our 2025 Form 10-K for additional information on our loan related policies.

Credit Quality
We closely monitor economic conditions and loan performance trends to manage and evaluate our exposure to credit risk within the loan portfolio based on our defined loan classes. In doing so, we use several credit quality indicators, including, but not limited to, trends in delinquency rates, nonperforming status, analyses of PD and LGD ratings, updated credit scores and originated and updated LTV ratios.
We manage credit risk based on the risk profile of the borrower, repayment sources, underlying collateral and other support given current events, economic conditions and expectations. We refine our practices to address operating environment changes such as inflation levels, industry specific risks, interest rate levels, the level of consumer savings and deposit balances, and structural and secular changes such as those that arose from the pandemic. We offer loan modifications and collection programs to assist our customers and mitigate losses.
Table 47 presents the composition and delinquency status of our loan portfolio at March 31, 2026 and December 31, 2025. Loan delinquencies include government insured or guaranteed loans and loans accounted for under the fair value option.

Table 47: Analysis of Loan Portfolio (a) (b)
 Accruing    
Dollars in millionsCurrent or Less
Than 30 Days
Past Due		30-59
Days
Past Due		60-89
Days
Past Due		90 Days
or More
Past Due		Total
Past
Due (c) 		 Nonperforming
Loans		Fair Value
Option
Nonaccrual
Loans (d)		Total Loans
(e)(f)
March 31, 2026  
Commercial  
Commercial and industrial$220,039 $283 $50 $68 $401   $750 $— $221,190 
Commercial real estate34,032 90 17 1 108   630 — 34,770 
Total commercial254,071 373 67 69 509   1,380 — 255,960 
Consumer 
Residential real estate48,424 284 110 245 639 (c)316 188 49,567 
Home equity25,635 73 32 — 105 447 36 26,223 
Automobile
16,161 59 15 5 79   85 — 16,325 
Credit card6,921 41 31 64 136   12 — 7,069 
Other consumer
5,686 33 18 39 90 3 — 5,779 
Total consumer102,827 490 206 353 1,049   863 224 104,963 
Total$356,898 $863 $273 $422 $1,558   $2,243 $224 $360,923 
Percentage of total loans98.88 %0.24 %0.08 %0.12 %0.43 %0.62 %0.06 %100.00 %
December 31, 2025
Commercial
Commercial and industrial$201,772 $182 $103 $57 $342 $784 $— $202,898 
Commercial real estate28,879 14 98 — 112 574 — 29,565 
Total commercial230,651 196 201 57 454 1,358 — 232,463 
Consumer
Residential real estate42,687 243 101 209 553 (c)320 200 43,760 
Home equity25,365 70 30 — 100 439 37 25,941 
Automobile
16,411 74 18 5 97 83 — 16,591 
Credit card6,859 45 32 65 142 13 — 7,014 
Other consumer
5,610 32 21 44 97 5 — 5,712 
Total consumer96,932 464 202 323 989 860 237 99,018 
Total$327,583 $660 $403 $380 $1,443 $2,218 $237 $331,481 
Percentage of total loans98.82 %0.20 %0.12 %0.11 %0.44 %0.67 %0.07 %100.00 %
(a)Amounts in table represent loans held for investment and do not include any associated ALLL.
(b)The accrued interest associated with our loan portfolio totaled $1.4 billion and $1.3 billion at March 31, 2026 and December 31, 2025, respectively. These amounts are included in Other assets on the Consolidated Balance Sheet.
(c)Past due loan amounts include government insured or guaranteed residential real estate loans totaling $0.3 billion at both March 31, 2026 and December 31, 2025.
(d)Consumer loans accounted for under the fair value option for which we do not expect to collect substantially all principal and interest are subject to nonaccrual accounting and classification upon meeting any of our nonaccrual policy criteria. Given that these loans are not accounted for at amortized cost, they have been excluded from the nonperforming loan population.
(e)Includes unearned income, unamortized deferred fees and costs on originated loans and premiums or discounts on purchased loans totaling $1.7 billion and $1.1 billion at March 31, 2026 and December 31, 2025, respectively.
(f)Collateral dependent loans totaled $1.5 billion at both March 31, 2026 and December 31, 2025.
At March 31, 2026, we pledged unpaid principal balances in the amounts of $58.2 billion of commercial and consumer loans to the FRB and $89.4 billion of secured real estate and other loans to the FHLB as collateral for the ability to borrow, if necessary. The comparable amounts at December 31, 2025 were $55.0 billion and $80.6 billion, respectively.
Nonperforming Assets
Nonperforming assets include nonperforming loans and leases, OREO, foreclosed and other assets. Nonperforming loans are those loans accounted for at amortized cost whose credit quality has deteriorated to the extent that full collection of contractual principal and interest is not probable. Interest income is generally not recognized on these loans. Loans accounted for under the fair value option are reported as performing loans; however, when nonaccrual criteria is met, interest income is not recognized on these loans. Additionally, certain government insured or guaranteed loans for which we expect to collect substantially all principal and interest are not reported as nonperforming loans and continue to accrue interest. See Note 1 Accounting Policies in our 2025 Form 10-K for additional information on our nonperforming loan and lease policies.
The following table presents our nonperforming assets as of March 31, 2026 and December 31, 2025:
Table 48: Nonperforming Assets
Dollars in millionsMarch 31, 2026December 31, 2025
Nonperforming loans
Commercial$1,380 $1,358 
Consumer (a)863 860 
Total nonperforming loans (b)2,243 2,218 
OREO, foreclosed and other assets139 143 
Total nonperforming assets$2,382 $2,361 
Nonperforming loans to total loans0.62 %0.67 %
Nonperforming assets to total loans, OREO, foreclosed and other assets0.66 %0.71 %
Nonperforming assets to total assets0.40 %0.41 %
(a)Excludes most unsecured consumer loans and lines of credit, which are charged off after 120 to 180 days past due and are not placed on nonperforming status.
(b)Nonperforming loans for which there is no related ALLL totaled $0.7 billion and $0.6 billion at March 31, 2026 and December 31, 2025, respectively. This primarily includes loans with a fair value of collateral that exceeds the amortized cost basis.

Additional Credit Quality Indicators by Loan Class

Commercial Loan Classes
See Note 3 Loans and Related Allowance for Credit Losses in our 2025 Form 10-K for additional information related to these loan classes, including discussion around the credit quality indicators that we use to monitor and manage the credit risk associated with each loan class.
The following table presents credit quality indicators for our commercial loan classes:
Table 49: Commercial Credit Quality Indicators (a)
 Term Loans by Origination Year  
March 31, 2026
In millions
20262025202420232022PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial and industrial
Pass Rated$11,441 $33,066 $15,777 $10,163 $12,836 $16,752 $111,994 $82 $212,111 
Criticized81 514 886 531 1,121 760 5,134 52 9,079 
Total commercial and industrial loans11,522 33,580 16,663 10,694 13,957 17,512 117,128 134 221,190 
Gross charge-offs (b)4 (c)6 7 7 6 4 95 — 129 
Commercial real estate
Pass Rated1,952 4,366 2,770 2,957 5,678 9,959 745 — 28,427 
Criticized— 253 597 1,503 1,856 2,115 19 — 6,343 
Total commercial real estate loans1,952 4,619 3,367 4,460 7,534 12,074 764 — 34,770 
Gross charge-offs (b)— — — 16 — 3 — — 19 
Total commercial loans$13,474 $38,199 $20,030 $15,154 $21,491 $29,586 $117,892 $134 $255,960 
Total commercial gross charge-offs (d)$4 $6 $7 $23 $6 $7 $95 $— $148 
 Term Loans by Origination Year  
December 31, 2025
In millions
20252024202320222021PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial and industrial
Pass Rated$35,176 $16,478 $10,180 $13,815 $4,139 $12,757 $101,222 $125 $193,892 
Criticized559 896 574 1,181 333 510 4,838 115 9,006 
Total commercial and industrial loans35,735 17,374 10,754 14,996 4,472 13,267 106,060 240 202,898 
Gross charge-offs (b)45 (c)48 82 28 11 18 131 31 394 
Commercial real estate
Pass Rated3,169 2,395 3,080 5,215 1,324 7,686 610 — 23,479 
Criticized221 571 1,467 1,637 287 1,899 4 — 6,086 
Total commercial real estate loans3,390 2,966 4,547 6,852 1,611 9,585 614 — 29,565 
Gross charge-offs (b)5 1 1 — 7 100 — 2 116 
Total commercial loans$39,125 $20,340 $15,301 $21,848 $6,083 $22,852 $106,674 $240 $232,463 
Total commercial gross charge-offs$50 $49 $83 $28 $18 $118 $131 $33 $510 
(a)Loans in our commercial portfolio are classified as Pass Rated or Criticized based on the regulatory definitions, which are driven by the PD and LGD ratings that we assign. The Criticized classification includes loans that were rated special mention, substandard or doubtful as of March 31, 2026 and December 31, 2025.
(b)Gross charge-offs are presented on a year-to-date basis, as of the period end date.
(c)Includes charge-offs of deposit overdrafts.
(d)Acquired commercial gross charge-offs are excluded from the balance above and primarily represents the charge-off of certain loans previously charged off by FirstBank, which were written up upon acquisition to unpaid principal balance as required by purchase accounting.

Consumer Loan Classes
See Note 3 Loans and Related Allowance for Credit Losses in our 2025 Form 10-K for additional information related to these loan classes, including discussion around the credit quality indicators that we use to monitor and manage the credit risk associated with each loan class.
Residential Real Estate and Home Equity
The following table presents credit quality indicators for our residential real estate and home equity loan classes:
Table 50: Credit Quality Indicators for Residential Real Estate and Home Equity Loan Classes
Term Loans by Origination Year
March 31, 2026
In millions
20262025202420232022PriorRevolving LoansRevolving Loans Converted to TermTotal
Residential real estate
Current estimated LTV ratios
Greater than 100%$— $7 $40 $59 $62 $127 $— $— $295 
Greater than or equal to 80% to 100%164 490 286 394 840 756 — — 2,930 
Less than 80%515 2,230 1,819 3,328 9,062 28,730 — — 45,684 
No LTV available— — — — — 11 — — 11 
Government insured or guaranteed loans— 1 7 31 33 575 — — 647 
Total residential real estate loans$679 $2,728 $2,152 $3,812 $9,997 $30,199 $— $— $49,567 
Updated FICO scores
Greater than or equal to 780$300 $1,667 $1,398 $2,595 $7,535 $20,727 $— $— $34,222 
720 to 779277 617 422 638 1,412 4,659 — — 8,025 
660 to 71935 180 125 235 430 1,734 — — 2,739 
Less than 6602 40 41 139 176 1,015 — — 1,413 
No FICO score available (a)65 223 159 174 411 1,489 — — 2,521 
Government insured or guaranteed loans— 1 7 31 33 575 — — 647 
Total residential real estate loans$679 $2,728 $2,152 $3,812 $9,997 $30,199 $— $— $49,567 
Gross charge-offs (b) (c)$— $— $— $— $— $1 $— $— $1 
Home equity (d)
Current estimated LTV ratios
Greater than 100%$— $— $— $— $— $27 $468 $446 $941 
Greater than or equal to 80% to 100%2 — — — — 48 1,456 1,597 3,103 
Less than 80%19 37 28 26 20 3,745 7,851 10,436 22,162 
No LTV available9 — — — — 1 4 3 17 
Total home equity loans$30 $37 $28 $26 $20 $3,821 $9,779 $12,482 $26,223 
Updated FICO scores
Greater than or equal to 780$4 $18 $10 $8 $9 $2,435 $5,715 $5,909 $14,108 
720 to 7791 10 7 8 5 746 2,535 2,999 6,311 
660 to 7191 5 5 4 2 371 1,263 2,049 3,700 
Less than 660— 1 3 5 3 267 224 1,496 1,999 
No FICO score available (a)24 3 3 1 1 2 42 29 105 
Total home equity loans$30 $37 $28 $26 $20 $3,821 $9,779 $12,482 $26,223 
Gross charge-offs (b) (c)$— $— $— $— $— $— $3 $7 $10 
(Continued from previous page)Term Loans by Origination Year
December 31, 2025
In millions
20252024202320222021PriorRevolving LoansRevolving Loans Converted to TermTotal
Residential real estate
Current estimated LTV ratios
Greater than 100% $7 $24 $74 $70 $55 $51 $— $— $281 
Greater than or equal to 80% to 100% 534 290 342 707 447 223 — — 2,543 
Less than 80%1,594 1,466 3,332 8,003 13,210 12,694 — — 40,299 
No LTV available— — — — 9 2 — — 11 
Government insured or guaranteed loans— 6 26 27 20 547 — — 626 
Total residential real estate loans$2,135 $1,786 $3,774 $8,807 $13,741 $13,517 $— $— $43,760 
Updated FICO scores
Greater than or equal to 780$1,337 $1,325 $2,748 $7,065 $11,095 $8,644 $— $— $32,214 
720 to 779661 354 568 1,206 1,837 2,225 — — 6,851 
660 to 719117 86 192 394 543 978 — — 2,310 
Less than 66019 15 134 109 181 751 — — 1,209 
No FICO score available (a)1 — 106 6 65 372 — — 550 
Government insured or guaranteed loans— 6 26 27 20 547 — — 626 
Total residential real estate loans$2,135 $1,786 $3,774 $8,807 $13,741 $13,517 $— $— $43,760 
Gross charge-offs (b)$— $1 $1 $3 $2 $1 $— $— $8 
Home equity (e)
Current estimated LTV ratios
Greater than 100%$— $— $— $— $1 $24 $422 $422 $869 
Greater than or equal to 80% to 100%— — — — 5 45 1,342 1,562 2,954 
Less than 80%— — — — 125 3,772 7,572 10,649 22,118 
Total home equity loans$— $— $— $— $131 $3,841 $9,336 $12,633 $25,941 
Updated FICO scores
Greater than or equal to 780$— $— $— $— $86 $2,465 $5,423 $5,967 $13,941 
720 to 779— — — — 29 737 2,504 3,063 6,333 
660 to 719— — — — 11 372 1,200 2,077 3,660 
Less than 660— — — — 5 265 207 1,496 1,973 
No FICO score available (a)— — — — — 2 2 30 34 
Total home equity loans$— $— $— $— $131 $3,841 $9,336 $12,633 $25,941 
Gross charge-offs (b)$— $— $— $— $— $— $13 $22 $35 
(a)Loans where FICO scores are not available or required generally refers to accounts for which we cannot obtain an updated FICO score (e.g., recent profile changes, bankruptcy event, deceased borrower), and/or loans titled with a business name. Management proactively assesses the risk and size of this loan category and, when necessary, takes actions to mitigate the credit risk.
(b)Gross charge-offs are presented on a year-to-date basis, as of the period end date.
(c)Acquired consumer gross charge-offs are excluded from the balance above and primarily represents the charge-off of certain loans previously charged off by FirstBank, which were written up upon acquisition to unpaid principal balance as required by purchase accounting.
(d)Amounts as of March 31, 2026 include home equity installment loans acquired from FirstBank, which are reflected in the table based on the date the loan was originated.
(e)New originations consisted only of revolving home equity lines of credit for vintage years 2022 through 2025.
Automobile, Credit Card and Other Consumer
The following table presents credit quality indicators for our automobile, credit card and other consumer loan classes:

Table 51: Credit Quality Indicators for Automobile, Credit Card and Other Consumer Loan Classes
Term Loans by Origination Year
March 31, 2026
In millions
20262025202420232022PriorRevolving LoansRevolving Loans Converted to TermTotal
Automobile
Updated FICO scores
Greater than or equal to 780$1,135 $3,487 $1,735 $862 $500 $347 $— $— $8,066 
720 to 779416 2,296 1,061 523 272 171 — — 4,739 
660 to 719124 958 597 341 169 107 — — 2,296 
Less than 66012 314 349 274 151 124 — — 1,224 
Total automobile loans$1,687 $7,055 $3,742 $2,000 $1,092 $749 $— $— $16,325 
Gross charge-offs (a)$— $9 $8 $8 $3 $3 $— $— $31 
Credit card
Updated FICO scores
Greater than or equal to 780$— $— $— $— $— $— $2,210 $1 $2,211 
720 to 779— — — — — — 1,890 5 1,895 
660 to 719— — — — — — 1,845 17 1,862 
Less than 660— — — — — — 922 53 975 
No FICO score available or required (b)— — — — — — 124 2 126 
Total credit card loans$— $— $— $— $— $— $6,991 $78 $7,069 
Gross charge-offs (a) (c)$— $— $— $— $— $— $64 $10 $74 
Other consumer
Updated FICO scores
Greater than or equal to 780$58 $275 $141 $90 $81 $298 $31 $— $974 
720 to 77973 293 147 75 49 109 60 — 806 
660 to 71972 197 119 53 32 49 66 — 588 
Less than 66010 55 45 24 16 24 36 — 210 
No FICO score available or required (b)4 6 5 2 1 — — — 18 
Total loans using FICO credit metric217 826 457 244 179 480 193 — 2,596 
Other internal credit metrics— 6 5 29 7 711 2,418 7 3,183 
Total other consumer loans$217 $832 $462 $273 $186 $1,191 $2,611 $7 $5,779 
Gross charge-offs (a) (c)$22 (d)$5 $5 $4 $2 $4 $3 $— $45 
(Continued from previous page)Term Loans by Origination Year
December 31, 2025
In millions
20252024202320222021PriorRevolving LoansRevolving Loans Converted to TermTotal
Automobile
Updated FICO Scores
Greater than or equal to 780$4,241 $1,991 $1,022 $608 $387 $85 $— $— $8,334 
720 to 7792,394 1,216 609 322 178 52 — — 4,771 
660 to 719883 668 387 199 104 39 — — 2,280 
Less than 660236 352 292 167 100 59 — — 1,206 
Total automobile loans$7,754 $4,227 $2,310 $1,296 $769 $235 $— $— $16,591 
Gross charge-offs (a)$9 $38 $39 $20 $11 $13 $— $— $130 
Credit card
Updated FICO scores
Greater than or equal to 780$— $— $— $— $— $— $2,199 $1 $2,200 
720 to 779— — — — — — 1,903 6 1,909 
660 to 719— — — — — — 1,813 17 1,830 
Less than 660— — — — — — 922 55 977 
No FICO score available or required (b)— — — — — — 96 2 98 
Total credit card loans$— $— $— $— $— $— $6,933 $81 $7,014 
Gross charge-offs (a)$— $— $— $— $— $— $280 $40 $320 
Other consumer
Updated FICO scores
Greater than or equal to 780$301 $168 $108 $93 $39 $282 $34 $— $1,025 
720 to 779324 175 90 58 20 98 64 — 829 
660 to 719230 133 62 38 10 44 70 — 587 
Less than 66048 45 27 20 6 22 37 — 205 
No FICO score available or required (b)5 5 3 1 — — — — 14 
Total loans using FICO credit metric908 526 290 210 75 446 205 — 2,660 
Other internal credit metrics 6 5 18 7 10 703 2,296 7 3,052 
Total other consumer loans$914 $531 $308 $217 $85 $1,149 $2,501 $7 $5,712 
Gross charge-offs (a)$81 (d)$24 $24 $14 $5 $14 $10 $1 $173 
(a)Gross charge-offs are presented on a year-to-date basis, as of the period end date.
(b)Loans where FICO scores are not available or required generally refers to new accounts issued to borrowers with limited credit history, accounts for which we cannot obtain an updated FICO score (e.g., recent profile changes), cards issued with a business name and/or cards secured by collateral. Management proactively assesses the risk and size of this loan category and, when necessary, takes actions to mitigate the credit risk.
(c)Acquired consumer gross charge-offs are excluded from the balance above and primarily represents the charge-off of certain loans previously charged off by FirstBank, which were written up upon acquisition to unpaid principal balance as required by purchase accounting.
(d)Includes charge-offs of deposit overdrafts.
Loan Modifications to Borrowers Experiencing Financial Difficulty

FDMs result from our loss mitigation activities and include loan modifications that may result in interest rate reductions, term extensions, payment delays, repayment plans or combinations thereof. See Note 1 Accounting Policies in our 2025 Form 10-K for additional information on FDMs.
The following table presents the amortized cost basis, as of the period end date, of commercial FDMs granted during the three months ended March 31, 2026 and 2025:

Table 52: Commercial FDMs (a) (b)

Three months ended March 31
Dollars in millions
Term ExtensionPayment Delay Interest Rate Reduction and Term ExtensionPayment Delay and Term ExtensionInterest Rate Reduction, Payment Delay and Term ExtensionOtherTotal% of Loan Class
2026
Commercial and industrial$308 $109 $1 $38 $— $72 $528 0.24 %
Commercial real estate237 32 — 45 — 13 327 0.94 %
Total commercial$545 $141 $1 $83 $— $85 $855 0.33 %
2025
Commercial and industrial$471 $74 $2 $— $13 $107 $667 0.37 %
Commercial real estate355 — — — — 14 369 1.14 %
Total commercial$826 $74 $2 $— $13 $121 $1,036 0.47 %
(a)The unfunded lending related commitments on FDMs granted during the three months ended March 31, 2026 and 2025 were $0.3 billion and $0.2 billion, respectively.
(b)Excludes the amortized cost basis of modified loans that were paid off, charged off or otherwise liquidated as of the period end date.
Table 53 presents the weighted average financial effect of commercial FDMs granted during the three months ended March 31, 2026 and 2025:

Table 53: Financial Effect of Commercial FDMs (a)
Three months ended March 31
Dollars in millions
20262025
Amortized cost basis (b)Financial effectAmortized cost basis (b)Financial effect
Weighted-average term extension (months)
Commercial and industrial$34710$48616
Commercial real estate$28216$35512
Interest rate reduction
Commercial and industrial$13.62%$151.00%
Weighted-average payment delay (months)
Commercial and industrial$1475$873
Commercial real estate$777$——
(a)Excludes the financial effects of modifications for loans that were paid off, charged off or otherwise liquidated as of the period end date.
(b)The amortized cost basis presented in Table 53 includes combination modification categories in addition to the standalone modification categories presented in Table 52. Primarily due to this reason, the amortized cost basis presented in Table 53 may not agree to the amortized cost basis presented alongside the standalone modification categories in Table 52. Amortized cost basis is as of the period end date.
After we modify a loan, we continue to track its performance under its most recent modified terms. The following table presents the performance, as of the period end date, of commercial FDMs granted during the twelve months preceding March 31, 2026 and 2025:

Table 54: Delinquency Status of Commercial FDMs (a) (b)

Twelve months ended March 31
Dollars in millions		Current or Less Than 30 Days Past Due30-59 Days Past Due60-89 Days Past Due90 Days
or More
Past Due		Nonperforming
Loans 		Total
2026
Commercial
Commercial and industrial$1,915 $6 $— $— $157 $2,078 
Commercial real estate795 — 13 — 289 1,097 
Total commercial$2,710 $6 $13 $— $446 $3,175 
2025
Commercial
Commercial and industrial$1,184 $16 $— $— $189 $1,389 
Commercial real estate790 1 — — 444 1,235 
Total commercial$1,974 $17 $— $— $633 $2,624 
(a)Represents amortized cost basis.
(b)Loans in our Payment Delay category are reported as past due in accordance with their contractual terms. Once contractually modified, these loans are reported as past due in accordance with their restructured terms.
We generally consider FDMs to have subsequently defaulted when they become 60 days past due after the most recent date the loan was modified. Commercial loans that were both (i) classified as FDMs, and (ii) subsequently defaulted during the three months ended March 31, 2026 and 2025 were $23 million and $44 million, respectively.
The following table presents information about our consumer FDMs:

Table 55: Consumer FDMs (a)(b)

Three months ended March 31
Dollars in millions
20262025
Modifications by type (c)
Payment delay$47 $29 
Repayment plan17 20 
Other (d)15 11 
Total consumer$79 $60 
Percentage of portfolio segment 0.08 %0.06 %
Financial effects (c) (e)
Weighted-average payment delay (months) 106
Delinquency status (f)
Current or less than 30 days past due$67 $58 
30-59 days past due4 4 
60-89 days past due 4 4 
90 days or more past due6 7 
Nonperforming loans170 127 
Total $251 $200 
(a)Represents amortized cost basis.
(b)The unfunded lending related commitments on consumer FDMs granted were immaterial during the three months ended March 31, 2026 and 2025.
(c)Excludes the amortized cost basis and financial effect of modified loans that were paid off, charged-off or otherwise liquidated as of the period end date.
(d)Represents all other modifications and includes trial modifications and loans where we have received notification that a borrower has filed for Chapter 7 bankruptcy relief, but specific instructions as to the terms of the relief have not been formally ruled upon by the court.
(e)Repayment plans are excluded from financial effects because of varying terms offered in these plans. Credit card and unsecured lines of credit programs both offer short-term and fully-amortized repayment plans, impacting terms and interest rates. Home equity programs offer a fixed payment plan, establishing a modified monthly payment based primarily on the borrower’s financial situation and the current market environment.
(f)Loans in our Payment Delay category are reported as past due in accordance with their contractual terms. Once contractually modified, these loans are reported as past due in accordance with their restructured terms.

We generally consider FDMs to have subsequently defaulted when they become 60 days past due after the most recent date the loan
was modified. Consumer loans that were both (i) classified as FDMs, and (ii) subsequently defaulted during the three months ended March, 31 2026 and 2025 were $20 million and $27 million, respectively.
Allowance for Credit Losses

We maintain the ACL related to loans at levels that we believe to be appropriate to absorb expected credit losses in the portfolios as of the balance sheet date. See Note 1 Accounting Policies in our 2025 Form 10-K for a discussion of the methodologies used to determine this allowance. A rollforward of the ACL related to loans follows:

Table 56: Rollforward of Allowance for Credit Losses
Three months ended March 31
20262025
In millionsCommercialConsumerTotalCommercialConsumerTotal
Allowance for loan and lease losses
Beginning balance$3,089 $1,321 $4,410 $3,148 $1,338 $4,486 
Acquisition PCD reserves53 40 93 — — — 
Acquisition PSL reserves184 45 229 — — — 
Beginning balance, adjusted3,326 1,406 4,732 3,148 1,338 4,486 
Charge-offs(148)(161)(309)(131)(181)(312)
Recoveries38 63 101 47 60 107 
Acquired loan charge-offs (a)(10)(35)(45)— — — 
Net (charge-offs)(120)(133)(253)(84)(121)(205)
Provision for credit losses 67 121 188 138 122 260 
Other(4)— (4)3 — 3 
Ending balance$3,269 $1,394 $4,663 $3,205 $1,339 $4,544 
Allowance for unfunded lending related commitments (b)
Beginning balance$681 $137 $818 $580 $139 $719 
Provision for (recapture of) credit losses12 2 14 (53)7 (46)
Other— — — 1 — 1 
Ending balance$693 $139 $832 $528 $146 $674 
Allowance for credit losses at March 31 (c)
$3,962 $1,533 $5,495 $3,733 $1,485 $5,218 
(a)Amounts for the three months ended March 31, 2026 include $45 million attributable to FirstBank, which represents the charge-off of certain loans previously charged off by FirstBank, which were written up upon acquisition to unpaid principal balance as required by purchase accounting.
(b)See Note 9 Commitments for additional information about the underlying commitments related to this allowance.
(c)Represents the ALLL plus allowance for unfunded lending related commitments and excludes allowances for investment securities and other financial assets, which together totaled $103 million and $91 million at March 31, 2026 and 2025, respectively.
The ACL related to loans totaled $5.5 billion at March 31, 2026 and $5.2 billion at December 31, 2025. The increase was driven by portfolio activity, including the addition of FirstBank loans.