Goodwill and Mortgage Servicing Rights (Tables)

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the commercial and residential MSRs follow:

Table 60: Mortgage Servicing Rights


	Commercial MSRs				Residential MSRs
In millions	2026		2025		2026		2025
January 1	$	1,021	$	1,085	$	2,638	$	2,626
Additions:
FirstBank Acquisition	—		—		10		—
From loans sold with servicing retained	15		9		10		7
Purchases	16		27		214		1
Changes in fair value due to:
Time and payoffs (a)	(71)		(78)		(73)		(60)
Other (b)	49		(2)		(13)		(51)
March 31	$	1,030	$	1,041	$	2,786	$	2,523
Related unpaid principal balance of loans serviced at March 31	$	296,482	$	293,685	$	212,261	$	193,417
Servicing advances at March 31	$	642	$	641	$	121	$	133

(a)Represents decrease in MSR value due to passage of time, which includes the impact from regularly scheduled loan principal payments, prepayments and loans that were paid off during the period.

(b)Includes MSR value changes resulting from changes in interest rates and other market-driven conditions.

Commercial Mortgage Loan Servicing Assets - Key Valuation Assumptions

The following tables set forth the fair value of commercial and residential MSRs and the sensitivity analysis of the hypothetical effect on the fair value of MSRs to immediate adverse changes of 10% and 20% in those assumptions.

Table 61: Commercial Mortgage Servicing Rights – Key Valuation Assumptions


Dollars in millions	March 31, 2026			December 31, 2025
Fair value	$	1,030		$	1,021
Weighted-average life (years)	3.7			3.8
Weighted-average constant prepayment rate	4.40		%	4.43		%
Decline in fair value from 10% adverse change	$	8		$	8
Decline in fair value from 20% adverse change	$	15		$	16
Effective discount rate	10.76		%	10.60		%
Decline in fair value from 10% adverse change	$	31		$	30
Decline in fair value from 20% adverse change	$	61		$	61

Residential Mortgage Loan Servicing Assets - Key Valuation Assumptions

Table 62: Residential Mortgage Servicing Rights – Key Valuation Assumptions


Dollars in millions	March 31, 2026			December 31, 2025
Fair value	$	2,786		$	2,638
Weighted-average life (years)	7.5			7.7
Weighted-average constant prepayment rate	6.81		%	6.73		%
Decline in fair value from 10% adverse change	$	67		$	64
Decline in fair value from 20% adverse change	$	130		$	124
Weighted-average option adjusted spread	709		bps	734		bps
Decline in fair value from 10% adverse change	$	82		$	82
Decline in fair value from 20% adverse change	$	160		$	159