v3.26.1
LOANS AND LEASES (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Loans and Leases, Net of Unearned Income
Following is a summary of total loans and leases, net of unearned income:
TABLE 4.1
(in millions)March 31, 2026December 31, 2025
Commercial real estate$12,164 $12,274 
Commercial and industrial8,032 7,718 
Commercial leases778 791 
Other87 141 
Total commercial loans and leases21,061 20,924 
Direct installment2,655 2,678 
Residential mortgages9,038 8,882 
Indirect installment805 767 
Consumer lines of credit1,553 1,526 
Total consumer loans14,051 13,853 
Total loans and leases, net of unearned income$35,112 $34,777 
Schedule of Certain Information Relating to Commercial Real Estate Loans
The following table shows occupancy information relating to commercial real estate loans:
TABLE 4.2
March 31,
2026		December 31,
2025
Commercial real estate:
Percent owner-occupied31.5 %30.9 %
Percent non-owner-occupied68.5 69.1 
Schedule of Loan, Credit Quality Indicators We use an internal risk rating assigned to a commercial loan or lease at origination, summarized below.
TABLE 4.3
Rating CategoryDefinition
Passin general, the condition of the borrower and the performance of the loan is satisfactory or better
Special Mentionin general, the condition of the borrower has deteriorated, requiring an increased level of monitoring
Substandardin general, the condition of the borrower has significantly deteriorated and the performance of the loan could further deteriorate if deficiencies are not corrected
Doubtfulin general, the condition of the borrower has significantly deteriorated and the collection in full of both principal and interest is highly questionable or improbable
Schedule of Financing Receivables, Originated Year
The following table summarizes the designated loan rating category by loan class including term loans on an amortized cost basis by origination year and year-to-date gross charge-offs by originating year:
TABLE 4.4
(in millions)20262025202420232022PriorRevolving Loans Amortized Cost BasisTotal
March 31, 2026
COMMERCIAL
Commercial Real Estate:
Risk Rating:
   Pass$277 $1,442 $1,298 $1,579 $1,458 $5,027 $221 $11,302 
   Special Mention— 3 27 29 191 271 3 524 
   Substandard— 2 13 42 56 217 8 338 
Total commercial real estate277 1,447 1,338 1,650 1,705 5,515 232 12,164 
Commercial real estate gross charge-offs — — — — 0.2 8.1 — 8.3 
Commercial and Industrial:
Risk Rating:
   Pass726 1,713 906 697 567 1,110 1,859 7,578 
   Special Mention— 8 13 12 5 50 164 252 
   Substandard2 4 17 39 10 52 78 202 
Total commercial and industrial728 1,725 936 748 582 1,212 2,101 8,032 
Commercial and industrial gross charge-offs— — 0.3 5.7 0.2 3.0 — 9.2 
Commercial Leases:
Risk Rating:
   Pass112 174 209 123 69 71 — 758 
   Special Mention1 — 3 1 — 3 — 8 
   Substandard— — 2 8 1 1 — 12 
Total commercial leases113 174 214 132 70 75 — 778 
Commercial leases gross charge-offs— — — — — 2.0 — 2.0 
Other Commercial:
Risk Rating:
   Pass7 — — 61 — 4 15 87 
Total other commercial7 — — 61 — 4 15 87 
Other commercial gross charge-offs— — — — — 1.1 — 1.1 
Total commercial loans and leases1,125 3,346 2,488 2,591 2,357 6,806 2,348 21,061 
(in millions)20262025202420232022PriorRevolving Loans Amortized Cost BasisTotal
March 31, 2026
CONSUMER
Direct Installment:
   Current95 428 256 205 517 1,143 — 2,644 
   Past due— 1 — 1 2 7 — 11 
Total direct installment95 429 256 206 519 1,150 — 2,655 
Direct installment gross charge-offs— 0.1 — 0.1 — — — 0.2 
Residential Mortgages:
   Current423 1,729 1,366 1,185 1,437 2,837 — 8,977 
   Past due— 7 11 9 8 26 — 61 
Total residential mortgages423 1,736 1,377 1,194 1,445 2,863 — 9,038 
Residential mortgages gross charge-offs— — 0.2 — — 0.2 — 0.4 
Indirect Installment:
   Current114 292 244 15 37 92 — 794 
   Past due— 1 2 1 3 4 — 11 
Total indirect installment114 293 246 16 40 96 — 805 
Indirect installment gross charge-offs— 0.3 0.4 0.1 0.3 0.4 — 1.5 
Consumer Lines of Credit:
   Current— 4 5 17 38 156 1,322 1,542 
   Past due— — — 1 1 7 2 11 
Total consumer lines of credit— 4 5 18 39 163 1,324 1,553 
Consumer lines of credit gross charge-offs— — — — 0.1 0.1 — 0.2 
Total consumer loans632 2,462 1,884 1,434 2,043 4,272 1,324 14,051 
Total loans and leases$1,757 $5,808 $4,372 $4,025 $4,400 $11,078 $3,672 $35,112 
Total charge-offs$— $0.4 $0.9 $5.9 $0.8 $14.9 $— $22.9 
(in millions)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
December 31, 2025
COMMERCIAL
Commercial Real Estate:
Risk Rating:
   Pass$1,438 $1,336 $1,654 $1,587 $1,686 $3,637 $195 $11,533 
   Special Mention5 17 18 135 94 147 6 422 
   Substandard1 11 10 59 37 195 6 319 
Total commercial real estate1,444 1,364 1,682 1,781 1,817 3,979 207 12,274 
Commercial real estate gross charge-offs— — 0.4 5.4 3.9 20.3 — 30.0 
Commercial and Industrial:
Risk Rating:
   Pass1,799 1,011 787 616 360 835 1,835 7,243 
   Special Mention35 11 12 5 3 72 148 286 
   Substandard2 14 45 11 7 22 88 189 
Total commercial and industrial1,836 1,036 844 632 370 929 2,071 7,718 
Commercial and industrial gross charge-offs0.1 1.5 1.0 3.5 7.0 24.8 — 37.9 
Commercial Leases:
Risk Rating:
   Pass262 222 140 73 41 37 — 775 
   Special Mention1 3 1 — 1 3 — 9 
   Substandard— — 4 1 2 — — 7 
Total commercial leases263 225 145 74 44 40 — 791 
Commercial leases gross charge-offs— — — — — 0.2 — 0.2 
Other Commercial:
Risk Rating:
   Pass9 — 58 — — 4 70 141 
Total other commercial9 — 58 — — 4 70 141 
Other commercial gross charge-offs— — — — — 4.7 — 4.7 
Total commercial loans and leases3,552 2,625 2,729 2,487 2,231 4,952 2,348 20,924 
(in millions)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
December 31, 2025
CONSUMER
Direct Installment:
   Current446 273 218 535 592 601 — 2,665 
   Past due— 1 1 3 2 6 — 13 
Total direct installment446 274 219 538 594 607 — 2,678 
Direct installment gross charge-offs0.1 0.2 0.2 0.2 — 0.2 — 0.9 
Residential Mortgages:
   Current1,741 1,464 1,245 1,468 1,317 1,579 — 8,814 
   Past due6 11 11 7 5 28 — 68 
Total residential mortgages1,747 1,475 1,256 1,475 1,322 1,607 — 8,882 
Residential mortgages gross charge-offs0.1 0.3 0.5 0.1 0.1 1.3 — 2.4 
Indirect Installment:
   Current311 272 16 41 69 43 — 752 
   Past due1 3 2 4 4 1 — 15 
Total indirect installment312 275 18 45 73 44 — 767 
Indirect installment gross charge-offs0.4 1.0 0.9 2.5 2.0 0.8 — 7.6 
Consumer Lines of Credit:
   Current4 6 19 39 12 139 1,295 1,514 
   Past due— — 1 1 — 8 2 12 
Total consumer lines of credit4 6 20 40 12 147 1,297 1,526 
Consumer lines of credit gross charge-offs— — 0.1 0.1 — 0.8 — 1.0 
Total consumer loans2,509 2,030 1,513 2,098 2,001 2,405 1,297 13,853 
Total loans and leases$6,061 $4,655 $4,242 $4,585 $4,232 $7,357 $3,645 $34,777 
Total charge-offs$0.7 $3.0 $3.1 $11.8 $13.0 $53.1 $— $84.7 
Schedule of Age Analysis of Past Due Loans, by Class
The following table provides an analysis of the aging of loans by class.
TABLE 4.5
(in millions)30-89 Days
Past Due
> 90 Days
Past Due
and Still
Accruing
Non-
Accrual		Total
Past Due		CurrentTotal
Loans and
Leases		Non-accrual with No ACL
March 31, 2026
Commercial real estate$23 $— $57 $80 $12,084 $12,164 $31 
Commercial and industrial11 — 35 46 7,986 8,032 13 
Commercial leases— — 4 4 774 778 — 
Other2 35 — 37 50 87 — 
Total commercial loans and leases36 35 96 167 20,894 21,061 44 
Direct installment7 — 4 11 2,644 2,655 — 
Residential mortgages34 13 14 61 8,977 9,038 1 
Indirect installment10 — 1 11 794 805 — 
Consumer lines of credit6 2 3 11 1,542 1,553 — 
Total consumer loans57 15 22 94 13,957 14,051 1 
Total loans and leases$93 $50 $118 $261 $34,851 $35,112 $45 

(in millions)30-89 Days
Past Due
> 90 Days
Past Due
and Still
Accruing
Non-
Accrual		Total
Past Due 		CurrentTotal
Loans and
Leases		Non-accrual with No ACL
December 31, 2025
Commercial real estate$10 $— $45 $55 $12,219 $12,274 $18 
Commercial and industrial10 — 35 45 7,673 7,718 15 
Commercial leases— — 3 3 788 791 — 
Other34 1 2 37 104 141 — 
Total commercial loans and leases54 1 85 140 20,784 20,924 33 
Direct installment8 1 4 13 2,665 2,678 — 
Residential mortgages47 9 12 68 8,814 8,882 1 
Indirect installment14 — 1 15 752 767 — 
Consumer lines of credit7 2 3 12 1,514 1,526 — 
Total consumer loans76 12 20 108 13,745 13,853 1 
Total loans and leases$130 $13 $105 $248 $34,529 $34,777 $34 
Schedule of Non-Performing Assets
Following is a summary of non-performing assets:
TABLE 4.6
(dollars in millions)March 31,
2026		December 31,
2025
Non-accrual loans$118 $105 
Total non-performing loans and leases118 105 
Other real estate owned 3 3 
Total non-performing assets$121 $108 
Asset quality ratios:
Non-performing loans and leases / total loans and leases0.33 %0.30 %
Non-performing assets plus 90 days or more past due / total loans and leases plus OREO
0.49 0.35 
Schedule of Financing Receivable, Modified
The following table shows the amortized cost basis at the end of the reporting period of the loans modified during the period to borrowers experiencing financial difficulty, disaggregated by class of financing receivable, type of concession granted and the financial effect of the modifications made to borrowers experiencing financial difficulty:
TABLE 4.7
(dollars in millions)Amortized Cost Basis% of Total Class of Financing ReceivableFinancial Effect
Three Months Ended March 31, 2026
Term Extension
Commercial real estate$16.9 0.14 %
The modified loans had an average increase in term of 13 months,
extending the maturity date.
Commercial and industrial0.1 — 
The modified loan had an average increase in term of 65 months, extending the maturity date.
Residential mortgages2.0 0.02 
The modified loans had an average increase in term of 32 months, extending the maturity date.
Total19.0 
Term Extension and Rate Reduction
Residential mortgages0.1 — A modification was made with no material financial effect.
Total0.1 
Other
Commercial and industrial2.5 0.03 
The majority resulted in a 3-month deferral on principal payments.
Consumer lines of credit0.3 0.02 A modification was made with no material financial effect.
Total2.8 
Total Outstanding Modified$21.9 
Three Months Ended March 31, 2025
Term Extension
Commercial real estate$1.8 0.01 %
The modified loans had an average increase in term of 2 months, extending the maturity date.
Direct installment0.5 0.02 
The modified loans had an average increase in term of 10 months, extending the maturity date.
Residential mortgages2.2 0.03 
The modified loans had an average increase in term of 27 months, extending the maturity date.
Consumer lines of credit0.1 0.01 
The modified loans had an average increase in term of 221 months, extending the maturity date.
Total4.6 
Term Extension and Rate Reduction
Residential mortgages1.3 0.02 
The term was extended, with a weighted average yield reduction of 100 basis points to 450 basis points with extensions up to 27 years.
Total1.3 
Other
Commercial and industrial0.1 — Multiple modifications were made with no material financial effect.
Total0.1 
Total Outstanding Modified$6.0 
We closely monitor the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of our modification efforts. The following table depicts the performance of loans that have been modified in the last 12 months:
TABLE 4.9
Payment status - amortization cost basis:
(in millions)Current30-89 Days Past Due90+ Days Past Due
March 31, 2026
Commercial real estate$30.8 $1.8 $— 
Commercial and industrial7.5 0.1 — 
Total commercial loans and leases38.3 1.9 — 
Direct installment1.5 0.2 — 
Residential mortgages6.5 2.6 0.4 
Consumer lines of credit0.7 — — 
Total consumer loans8.7 2.8 0.4 
Total$47.0 $4.7 $0.4 
(in millions)Current30-89 Days Past Due90+ Days Past Due
March 31, 2025
Commercial real estate$20.2 $— $— 
Commercial and industrial18.8 — — 
Total commercial loans and leases39.0 — — 
Direct installment1.2 — — 
Residential mortgages7.0 2.0 0.4 
Consumer lines of credit0.8 0.2 — 
Total consumer loans9.0 2.2 0.4 
Total$48.0 $2.2 $0.4 
Schedule of Financing Receivable, Modified, Subsequent Default
Following is a summary of loans modified in a manner that grants a concession to a borrower experiencing financial difficulties, by class, for which there was a payment default, excluding loans that have been paid off and/or sold. Default occurs when a loan is 90 days or more past due or in non-accrual and is within 12 months of restructuring.
TABLE 4.8
Amortized cost basis of modified financing receivables that subsequently defaulted:
(in millions)Term ExtensionTerm Extension and Rate ReductionBalloon PaymentOtherTotal Outstanding Modified
Three Months Ended March 31, 2026
Commercial real estate$13.8 $— $— $1.0 $14.8 
Commercial and industrial0.8 — — 0.5 1.3 
Total commercial loans and leases14.6 — — 1.5 16.1 
Direct installment0.2 — — — 0.2 
Residential mortgages1.7 1.4 — — 3.1 
Total consumer loans1.9 1.4 — — 3.3 
Total$16.5 $1.4 $— $1.5 $19.4 
(in millions)Term ExtensionTerm Extension and Rate ReductionBalloon PaymentOtherTotal Outstanding Modified
Three Months Ended March 31, 2025
Commercial real estate$1.0 $— $0.7 $6.4 $8.1 
Commercial and industrial18.6 15.5 — 5.8 39.9 
Total commercial loans and leases19.6 15.5 0.7 12.2 48.0 
Direct installment0.8 — — — 0.8 
Residential mortgages5.3 0.8 — — 6.1 
Total consumer loans6.1 0.8 — — 6.9 
Total$25.7 $16.3 $0.7 $12.2 $54.9