v3.26.1
Loans (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Loan Portfolio Composition and Aging Analysis The table below presents the composition and aging analysis of our loans held for investment portfolio as of March 31, 2026 and December 31, 2025. The delinquency aging includes all past due loans, both performing and nonperforming.
Table 4.1: Loan Portfolio Composition and Aging Analysis
 March 31, 2026
Delinquent Loans
(Dollars in millions)Current30-59
Days		60-89
Days
> 90
Days
Total
Delinquent
Loans		Total
Loans
Credit Card:
Domestic credit card$244,633$2,617$2,021$4,757$9,395$254,028
Personal loans
8,9066849471649,070
International card businesses7,091118841673697,460
Total credit card260,6302,8032,1544,9719,928270,558
Consumer Banking:
Auto81,7292,7709622393,97185,700
Retail banking1,1531442201,173
Total consumer banking82,8822,7849662413,99186,873
Commercial Banking:
Commercial and multifamily real estate33,60490407520533,809
Commercial and industrial56,1222010426839256,514
Total commercial banking89,72611014434359790,323
Total loans(1)
$433,238$5,697$3,264$5,555$14,516$447,754
% of Total loans96.76%1.27%0.73%1.24%3.24%100.00%
    
December 31, 2025
Delinquent Loans
(Dollars in millions)Current30-59
Days		60-89
Days
> 90
Days
Total
Delinquent
Loans		Total
Loans
Credit Card:
Domestic credit card$251,932$3,015$2,308$5,148$10,471$262,403
Personal loans
9,3257253491749,499
International card businesses7,304117831643647,668
Total credit card268,5613,2042,4445,36111,009279,570
Consumer Banking:
Auto78,7583,1651,3233544,84283,600
Retail banking1,1711225191,190
Total consumer banking79,9293,1771,3253594,86184,790
Commercial Banking:
Commercial and multifamily real estate33,5015416211733,618
Commercial and industrial55,33057325431455,644
Total commercial banking88,831111431643189,262
Total loans(1)
$437,321$6,492$3,773$6,036$16,301$453,622
% of Total loans96.41%1.43%0.83%1.33%3.59%100.00%
__________
(1)Loans include unamortized premiums, discounts and deferred fees and costs totaling $1.0 billion and $980 million as of March 31, 2026 and December 31, 2025, respectively.
90 Plus Day Delinquent Loans Accruing Interest and Nonperforming Loans
The following table presents our loans held for investment that are 90 days or more past due that continue to accrue interest, loans that are classified as nonperforming and loans that are classified as nonperforming without an allowance as of March 31, 2026 and December 31, 2025. Nonperforming loans generally include loans that have been placed on nonaccrual status. We recognized interest income for loans classified as nonperforming of $4 million and $3 million for the three months ended March 31, 2026 and 2025, respectively.
Table 4.2: 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans
March 31, 2026December 31, 2025
(Dollars in millions)
> 90 Days and Accruing
Nonperforming
Loans
Nonperforming
 Loans Without an Allowance
> 90 Days and Accruing
Nonperforming
Loans		Nonperforming
 Loans Without an Allowance
Credit Card:
Domestic credit card$4,757 N/A$0 $5,148 N/A$0 
Personal loans
44 $12 0 47$12 0 
International card businesses161 11 0 157 12 0 
Total credit card4,962 23 0 5,352 24 0 
Consumer Banking:
Auto0 475 0 0 566 0 
Retail banking0 19 9 0 17 4 
Total consumer banking0 494 9 0 583 4 
Commercial Banking:
Commercial and multifamily real estate0 362 174 0 320 191 
Commercial and industrial0 906 527 0 892 527 
Total commercial banking0 1,268 701 0 1,212 718 
Total$4,962 $1,785 $710 $5,352 $1,819 $722 
% of Total loans held for investment1.11 %0.40 %0.16 %1.18 %0.40 %0.16 %
Credit Quality Indicator
The tables below present our Credit Card segment by delinquency status as of March 31, 2026 and December 31, 2025.
Table 4.3: Domestic and International Credit Card Delinquency Status
March 31, 2026December 31, 2025
(Dollars in millions)Revolving LoansRevolving Loans Converted to TermTotalRevolving LoansRevolving Loans Converted to TermTotal
Credit Card:
Domestic credit card:
Current
$242,915 $1,718 $244,633 $250,332 $1,600 $251,932 
30-59 days
2,529 88 2,617 2,925 90 3,015 
60-89 days
1,951 70 2,021 2,233 75 2,308 
Greater than 90 days
4,631 126 4,757 5,016 132 5,148 
Total domestic credit card252,026 2,002 254,028 260,506 1,897 262,403 
International card businesses:
Current
7,046 45 7,091 7,260 44 7,304 
30-59 days
113 5 118 112 5 117 
60-89 days
81 3 84 80 3 83 
Greater than 90 days
162 5 167 158 6 164 
Total international card businesses$7,402 $58 $7,460 $7,610 $58 $7,668 
Table 4.4: Personal Loans Delinquency Status
March 31, 2026
Term Loans by Vintage Year
(Dollars in millions)20262025202420232022PriorTotal Term LoansRevolving LoansRevolving Loans Converted to TermTotal
Personal loans—Delinquency status:
Current$921 $3,586 $2,323 $1,334 $532 $210 $8,906 $0 $0 $8,906 
30-59 days1 16 22 18 8 3 68 0 0 68 
60-89 days0 12 16 12 6 3 49 0 0 49 
Greater than 90 days0 9 14 14 7 3 47 0 0 47 
Total personal loans$922 $3,623 $2,375 $1,378 $553 $219 $9,070 $0 $0 $9,070 
December 31, 2025
Term Loans by Vintage Year
(Dollars in millions)20252024202320222021PriorTotal Term LoansRevolving LoansRevolving Loans Converted to TermTotal
Personal loans—Delinquency status:
Current$4,050 $2,727 $1,614 $658 $208 $68 $9,325 $0 $0 $9,325 
30-59 days14 22 22 10 3 1 72 0 0 72 
60-89 days8 17 16 8 3 1 53 0 0 53 
Greater than 90 days5 16 17 8 2 1 49 0 0 49 
Total personal loans$4,077 $2,782 $1,669 $684 $216 $71 $9,499 $0 $0 $9,499 
The table below presents loans held for investment in our Consumer Banking segment loans held for investment by credit quality indicator as of March 31, 2026 and December 31, 2025. We present our auto loan portfolio by Fair Isaac Corporation (“FICO”) scores at origination and our retail banking loan portfolio by delinquency status, which includes all past due loans, both performing and nonperforming.
Table 4.5: Consumer Banking Portfolio by Vintage Year
March 31, 2026
Term Loans by Vintage Year
(Dollars in millions)20262025202420232022PriorTotal Term LoansRevolving LoansRevolving Loans Converted to TermTotal
Auto—At origination FICO scores:(1)
Greater than 660$5,371 $16,021 $10,430 $4,551 $3,899 $2,472 $42,744 $0 $0 $42,744 
621-6601,980 6,223 3,630 2,000 1,434 964 16,231 0 0 16,231 
620 or below3,670 11,557 5,416 2,856 1,808 1,418 26,725 0 0 26,725 
Total auto11,021 33,801 19,476 9,407 7,141 4,854 85,700 0 0 85,700 
Retail banking—Delinquency status:
Current47 84 125 67 76 422 821 330 2 1,153 
30-59 days0 0 1 0 0 4 5 9 0 14 
60-89 days0 1 0 1 0 0 2 2 0 4 
Greater than 90 days0 0 0 0 0 1 1 1 0 2 
Total retail banking47 85 126 68 76 427 829 342 2 1,173 
Total consumer banking$11,068 $33,886 $19,602 $9,475 $7,217 $5,281 $86,529 $342 $2 $86,873 
    
December 31, 2025
Term Loans by Vintage Year
(Dollars in millions)20252024202320222021PriorTotal Term LoansRevolving LoansRevolving Loans Converted to TermTotal
Auto—At origination FICO scores:(1)
Greater than 660$17,601 $11,622 $5,209 $4,634 $2,706 $512 $42,284 $0 $0 $42,284 
621-6606,691 4,002 2,258 1,683 988 263 15,885 0 0 15,885 
620 or below12,319 5,947 3,213 2,115 1,290 547 25,431 0 0 25,431 
Total auto36,611 21,571 10,680 8,432 4,984 1,322 83,600 0 0 83,600 
Retail banking—Delinquency status:
Current103 126 69 78 40 411 827 341 3 1,171 
30-59 days1 0 0 0 0 1 2 10 0 12 
60-89 days0 0 0 0 0 1 1 1 0 2 
Greater than 90 days0 0 0 0 0 2 2 3 0 5 
Total retail banking104 126 69 78 40 415 832 355 3 1,190 
Total consumer banking$36,715 $21,697 $10,749 $8,510 $5,024 $1,737 $84,432 $355 $3 $84,790 
__________
(1)Amounts represent period-end loans held for investment in each credit score category. Auto loan credit scores generally represent average FICO scores obtained from three credit bureaus at the time of application and are not refreshed thereafter. Balances for which no credit score is available or the credit score is invalid are included in the 620 or below category.
The following table presents loans held for investment for our Commercial Banking segment by internal risk ratings as of March 31, 2026 and December 31, 2025. The internal risk rating status includes all past due loans, both performing and nonperforming.
Table 4.6: Commercial Banking Portfolio by Internal Risk Ratings
March 31, 2026
Term Loans by Vintage Year
(Dollars in millions)20262025202420232022PriorTotal Term LoansRevolving LoansRevolving Loans Converted to TermTotal
Internal risk rating:(1)
Commercial and multifamily real estate
Noncriticized$1,285 $2,216 $1,360 $1,769 $2,846 $5,236 $14,712 $16,783 $50 $31,545 
Criticized performing0 0 107 145 460 1,068 1,780 32 90 1,902 
Criticized nonperforming0 9 24 0 0 329 362 0 0 362 
Total commercial and multifamily real estate1,285 2,225 1,491 1,914 3,306 6,633 16,854 16,815 140 33,809 
Commercial and industrial
Noncriticized1,864 7,726 4,871 4,575 6,812 9,306 35,154 17,799 47 53,000 
Criticized performing0 43 267 188 519 900 1,917 691 0 2,608 
Criticized nonperforming0 17 67 14 157 416 671 186 49 906 
Total commercial and industrial1,864 7,786 5,205 4,777 7,488 10,622 37,742 18,676 96 56,514 
Total commercial banking$3,149 $10,011 $6,696 $6,691 $10,794 $17,255 $54,596 $35,491 $236 $90,323 
December 31, 2025
Term Loans by Vintage Year
(Dollars in millions)20252024202320222021PriorTotal Term LoansRevolving LoansRevolving Loans Converted to TermTotal
Internal risk rating:(1)
Commercial and multifamily real estate
Noncriticized$2,288 $1,516 $2,034 $3,178 $1,357 $4,573 $14,946 $16,352 $140 $31,438 
Criticized performing0 172 145 428 109 975 1,829 29 2 1,860 
Criticized nonperforming10 17 0 0 76 217 320 0 0 320 
Total commercial and multifamily real estate2,298 1,705 2,179 3,606 1,542 5,765 17,095 16,381 142 33,618 
Commercial and industrial
Noncriticized8,077 5,391 4,623 7,531 3,284 6,667 35,573 16,643 219 52,435 
Criticized performing3 162 185 391 726 309 1,776 541 0 2,317 
Criticized nonperforming12 71 12 158 246 196 695 162 35 892 
Total commercial and industrial8,092 5,624 4,820 8,080 4,256 7,172 38,044 17,346 254 55,644 
Total commercial banking$10,390 $7,329 $6,999 $11,686 $5,798 $12,937 $55,139 $33,727 $396 $89,262 
__________
(1)Criticized exposures correspond to the “Special Mention,” “Substandard” and “Doubtful” asset categories defined by bank regulatory authorities.
The table below presents gross charge-offs for loans held for investment by vintage year during the three months ended March 31, 2026.
Table 5.2: Gross Charge-Offs by Vintage Year
Three Months Ended March 31, 2026
Term Loans by Vintage Year
(Dollars in millions)20262025202420232022PriorTotal Term LoansRevolving LoansRevolving Loans Converted to TermTotal
Credit Card
Domestic credit cardN/AN/AN/AN/AN/AN/AN/A$4,257 $113 $4,370 
Personal loans
$0 $24 $41 $35 $15 $6 $121 N/AN/A121 
International card businessN/AN/AN/AN/AN/AN/AN/A145 5 150 
Total credit card0 24 41 35 15 6 121 4,402 118 4,641 
Consumer Banking
Auto3 207 197 125 102 77 711 0 0 711 
Retail banking0 0 0 0 0 1 1 23 0 24 
Total consumer banking3 207 197 125 102 78 712 23 0 735 
Commercial Banking
Commercial and multifamily real estate0 0 0 0 0 3 3 0 0 3 
Commercial and industrial0 0 0 0 10 52 62 4 0 66 
Total commercial banking0 0 0 0 10 55 65 4 0 69 
Total$3 $231 $238 $160 $127 $139 $898 $4,429 $118 $5,445 
FDM Disclosures
The following tables present the major modification types, amortized cost basis amounts for each modification type and financial effects for all FDMs undertaken during the three months ended March 31, 2026 and 2025.
Table 4.7: Financial Difficulty Modifications to Borrowers
Three Months Ended March 31, 2026
Credit CardConsumer BankingCommercial Banking
(Dollars in millions)
Domestic Card
Personal LoansInternational Card BusinessesTotal Credit CardAutoRetail BankingTotal Consumer BankingCommercial and Multifamily Real EstateCommercial and IndustrialTotal Commercial BankingTotal
Interest rate reduction$1,098—$72$1,170———— — — $1,170
Term extension— $11 — 11 $56 $2 $58 $22 $69 $91 160 
Principal balance reduction— — — — 11 — 11 — — — 11 
Interest rate reduction and term extension5 20 — 25 565 — 565 — — — 590 
Other(1)
— 29 — 29 3 1 4 4 228 232 265 
Total loans modified$1,103$60 $72 $1,235$635$3 $638 $26 $297 $323 $2,196
% of total class of receivables0.43 %0.65 %0.97 %0.46 %0.74 %0.25 %0.73 %0.08 %0.53 %0.36 %0.49 %
Three Months Ended March 31, 2025
Credit CardConsumer BankingCommercial Banking
(Dollars in millions)Domestic CardPersonal LoansInternational Card BusinessesTotal Credit CardAutoRetail BankingTotal Consumer BankingCommercial and Multifamily Real EstateCommercial and IndustrialTotal Commercial BankingTotal
Interest rate reduction$171 N/A$57 $228 — — — $3 $16 $19 $247 
Term extension— N/A— — $33 $3 $36 210 201 411 447 
Principal balance reduction— N/A— — 9 — 9 — — — 9 
Interest rate reduction and term extension4 N/A— 4 269 — 269 — — — 273 
Other(1)
— N/A— — 1 — 1 32 107 139 140 
Total loans modified$175 N/A$57 $232 $312 $3 $315 $245 $324 $569 $1,116 
% of total class of receivables0.12 %N/A0.83 %0.15 %0.40 %0.21 %0.40 %0.77 %0.58 %0.65 %0.35 %
__________
(1)Primarily consists of modifications or combinations of modifications not categorized above, such as payment delays, increases in committed exposure, forbearances and other types of modifications in Commercial Banking.
Table 4.8: Financial Effects of Financial Difficulty Modifications to Borrowers
Three Months Ended March 31, 2026
Credit CardConsumer BankingCommercial Banking
(Dollars in millions)Domestic CardPersonal LoansInternational Card BusinessesAutoRetail BankingCommercial and Multifamily Real EstateCommercial and Industrial
Weighted-average interest rate reduction15.25%13.94%23.78%9.33%———
Payment delay duration (in months)12300653610
Principal balance reduction$70——————
Interest and fees forgiven$64——————
Three Months Ended March 31, 2025
Credit CardConsumer BankingCommercial Banking
(Dollars in millions)Domestic Card
Personal Loans
International Card BusinessesAutoRetail BankingCommercial and Multifamily Real EstateCommercial and Industrial
Weighted-average interest rate reduction19.38%N/A25.30%9.03%—0.85%0.25%
Payment delay duration (in months)12N/A0651121
Principal balance reduction—N/A—————
The following tables present FDMs over a rolling 12-month period by delinquency status as of March 31, 2026 and 2025. For the 12-month period ended March 31, 2026, the table includes amounts of FDMs from the acquired Discover portfolio, including loans which were modified prior to the Closing Date.
Table 4.9 Delinquency Status of Financial Difficulty Modifications to Borrowers(1)
March 31, 2026
Delinquent Loans
(Dollars in millions)Current30-59 Days60-89 Days
> 90 Days
Total Delinquent LoansTotal Loans
Credit Card:
Domestic credit card(2)
$3,140 $194 $149 $304 $647 $3,787 
Personal loans168 21 11 6 38 206 
International card businesses80 14 13 43 70 150 
Total credit card3,388 229 173 353 755 4,143 
Consumer Banking:
Auto1,214 161 79 24 264 1,478 
Retail banking4 1 1 0 2 6 
Total consumer banking1,218 162 80 24 266 1,484 
Commercial Banking:
Commercial and multifamily real estate144 0 0 0 0 144 
Commercial and industrial692 3 57 72 132 824 
Total commercial banking836 3 57 72 132 968 
Total$5,442 $394 $310 $449 $1,153 $6,595 
March 31, 2025
Delinquent Loans
(Dollars in millions)Current30-59 Days60-89 Days
> 90 Days
Total Delinquent LoansTotal Loans
Credit Card:
Domestic credit card$388 $51 $38 $75 $164 $552 
Personal loans
N/AN/AN/AN/AN/AN/A
International card businesses71 11 10 35 56 127 
Total credit card459 62 48 110 220 679 
Consumer Banking:
Auto608 89 48 18 155 763 
Retail banking6 0 0 1 1 7 
Total consumer banking614 89 48 19 156 770 
Commercial Banking:
Commercial and multifamily real estate631 0 0 0 0 631 
Commercial and industrial880 20 48 43 111 991 
Total commercial banking1,511 20 48 43 111 1,622 
Total$2,584 $171 $144 $172 $487 $3,071 
__________
(1)Commitments to lend additional funds on FDMs totaled $173 million and $225 million as of March 31, 2026 and 2025, respectively.
(2)Includes $315 million of FDMs as of March 31, 2026 that were modified prior to the Closing Date.
Schedule of Debtor Troubled Debt Restructuring, Subsequent Periods
The following table presents FDMs that entered subsequent default for the three months ended March 31, 2026 and 2025. For the three months ended March 31, 2026, the tables include amounts of FDMs from the acquired Discover portfolio, including loans which were modified or entered subsequent default prior to the Closing Date.
Table 4.10 Subsequent Defaults of Financial Difficulty Modifications to Borrowers
Three Months Ended March 31, 2026
(Dollars in millions)Interest Rate ReductionTerm ExtensionPrincipal balance reductionInterest Rate Reduction and Term ExtensionOther ModificationsTotal Loans
Credit Card:
Domestic credit card$162 $0 $0 $1 $0 $163 
Personal loans0 2 0 3 12 17 
International card businesses24 0 0 0 0 24 
Total credit card186 2 0 4 12 204 
Consumer Banking:
Auto0 3 0 142 0 145 
Retail banking0 0 0 0 1 1 
Total consumer banking0 3 0 142 1 146 
Commercial Banking:
Commercial and multifamily real estate0 0 0 0 0 0 
Commercial and industrial0 0 5 0 0 5 
Total commercial banking0 0 5 0 0 5 
Total$186 $5 $5 $146 $13 $355 
Three Months Ended March 31, 2025
(Dollars in millions)Interest Rate ReductionTerm ExtensionInterest Rate Reduction and Term ExtensionOther modificationsTotal Loans
Credit Card:
Domestic credit card$37 $0 $1 $0 $38 
Personal loans
N/AN/AN/AN/AN/A
International card businesses21 0 0 0 21 
Total credit card58 0 1 0 59 
Consumer Banking:
Auto0 1 85 0 86 
Total consumer banking0 1 85 0 86 
Commercial Banking:
Commercial and multifamily real estate0 0 0 4 4 
Commercial and industrial0 0 0 0 0 
Total commercial banking0 0 0 4 4 
Total$58 $1 $86 $4 $149