v3.26.1
LOAN SERVICING (Tables) - Mortgage Servicing Rights
 3 Months Ended
Mar. 31, 2026
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)March 31,
2026		December 31,
2025
Mortgage loans sold with servicing retained$7,189 $7,062 
The following table summarizes activity relating to mortgage loans sold with servicing retained:
TABLE 6.2
Three Months Ended
March 31,
(in millions)20262025
Mortgage loans sold with servicing retained$557 $312 
Pre-tax net gains (losses) resulting from above loan sales (1)
7 4 
Mortgage servicing fees (1)
5 4 
(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
March 31,
(in millions)20262025
Balance at beginning of period$73.5 $70.5 
Additions4.5 3.5 
Payoffs and curtailments(1.8)(0.8)
Impairment (charge) / recovery0.1 (0.1)
Amortization / other(2.4)(0.5)
Balance at end of period$73.9 $72.6 
Fair value, beginning of period$88.2 $86.3 
Fair value, end of period91.8 84.8 
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)March 31,
2026		December 31,
2025
Weighted average life (months)9189
Constant prepayment rate (annualized)8.4 %8.6 %
Discount rate10.1 %10.1 %
Effect on fair value due to change in interest rates:
+2.00%$11 $13 
+1.00%9 10 
+0.50%6 7 
+0.25%4 4 
-0.25%(4)(4)
-0.50%(9)(8)
-1.00%(16)(14)
-2.00%(26)(24)
-3.00%(43)(42)