v3.26.1
LOANS, LEASES, AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Summary of Major Portfolio Segment and Specific Loan Class
The following schedule presents our loan and lease portfolio according to major portfolio segment and specific class:
(In millions)March 31,
2026		December 31,
2025
Loans held for sale$140 $201 
Commercial:
Commercial and industrial 1
$18,263 $18,111 
Owner-occupied9,323 9,274 
Municipal4,272 4,294 
Total commercial31,858 31,679 
Commercial real estate:
Term11,387 11,234 
Construction and land development2,271 2,162 
Total commercial real estate13,658 13,396 
Consumer:
1-4 family residential10,406 10,462 
Home equity credit line3,976 3,950 
Construction and other consumer real estate786 782 
Bankcard and other revolving plans515 515 
Other113 116 
Total consumer15,796 15,825 
Total loans and leases
$61,312 $60,900 
1 Effective March 31, 2026, balances previously reported as “Leasing” are now included in the “Commercial and industrial” loan segment. Prior period amounts have been reclassified to conform to the current presentation. At March 31, 2026 and December 31, 2025, the leasing portfolio totaled $374 million and $367 million, respectively.
Loans Held For Sale The following schedule presents loans added to, or sold from, the held for sale category during the periods presented:
Three Months Ended
March 31,
(In millions)20262025
Loans added to held for sale$562 $175 
Loans sold from held for sale563 139 
Summary of Changes in the Allowance for Credit Losses
Changes in the ACL are summarized as follows:
Three Months Ended March 31, 2026
(In millions)CommercialCommercial real estateConsumerTotal
Allowance for loan losses
Balance at beginning of period$391 $185 $102 $678 
Provision for loan losses5 (25)13 (7)
Gross loan and lease charge-offs7 — 4 11 
Recoveries5 1 1 7 
Net loan and lease charge-offs (recoveries)2 (1)3 4 
Balance at end of period$394 $161 $112 $667 
Reserve for unfunded lending commitments
Balance at beginning of period$19 $19 $8 $46 
Provision for unfunded lending commitments(1)1 — — 
Balance at end of period$18 $20 $8 $46 
Total allowance for credit losses at end of period
Allowance for loan losses$394 $161 $112 $667 
Reserve for unfunded lending commitments18 20 8 46 
Total allowance for credit losses$412 $181 $120 $713 
​
Three Months Ended March 31, 2025
(In millions)CommercialCommercial real estateConsumerTotal
Allowance for loan losses
Balance at beginning of period$308 $300 $88 $696 
Provision for loan losses41 (29)5 17 
Gross loan and lease charge-offs19 — 5 24 
Recoveries7 — 1 8 
Net loan and lease charge-offs (recoveries)12 — 4 16 
Balance at end of period$337 $271 $89 $697 
Reserve for unfunded lending commitments
Balance at beginning of period$26 $11 $8 $45 
Provision for unfunded lending commitments2 (1)— 1 
Balance at end of period$28 $10 $8 $46 
Total allowance for credit losses at end of period
Allowance for loan losses$337 $271 $89 $697 
Reserve for unfunded lending commitments28 10 8 46 
Total allowance for credit losses$365 $281 $97 $743 
​
Summary of Nonaccrual Loans
The following schedule presents the amortized cost basis of loans on nonaccrual:
March 31, 2026
Amortized cost basisTotal amortized cost basis
(In millions)
with no allowance 1
with allowanceRelated allowance
Commercial:
Commercial and industrial$38 $45 $83 $20 
Owner-occupied18 32 50 2 
Municipal— 2 2 — 
Total commercial56 79 135 22 
Commercial real estate:
Term23 19 42 1 
Total commercial real estate23 19 42 1 
Consumer:
1-4 family residential14 53 67 6 
Home equity credit line— 33 33 9 
Bankcard and other revolving plans— 1 1 1 
Other— 1 1 — 
Total consumer14 88 102 16 
Total$93 $186 $279 $39 
December 31, 2025
Amortized cost basisTotal amortized cost basis
(In millions)
with no allowance 1
with allowanceRelated allowance
Commercial:
Commercial and industrial$44 $49 $93 $19 
Owner-occupied33 18 51 1 
Municipal— 2 2 — 
Leasing— — — — 
Total commercial77 69 146 20 
Commercial real estate:
Term 4 68 72 2 
Construction and land development— 1 1 — 
Total commercial real estate4 69 73 2 
Consumer:
1-4 family residential14 51 65 5 
Home equity credit line— 30 30 8 
Bankcard and other revolving plans— 1 1 1 
Total consumer14 82 96 14 
Total$95 $220 $315 $36 
1 Nonaccrual loans with no allowance primarily consist of loans for which a specific reserve is estimated based on the fair value of the collateral. As a result, we generally charge off the portion of the loan balance that exceeds that fair value, and no reserve or related allowance is established for these loans.
The following schedule presents the amount of accrued interest receivables reversed from interest income, categorized by loan portfolio segment during the periods presented:
Three Months Ended
March 31,
(In millions)20262025
Commercial$3 $4 
Commercial real estate1 1 
Consumer1 1 
Total$5 $6 
Summary of Past Due Loans (Accruing and Nonaccruing)
Past due loans (accruing and nonaccruing) are summarized as follows:
March 31, 2026
(In millions)Current30-89 days
past due		90+ days
past due		Total
past due		Total
loans		Accruing
loans
90+ days
past due
Nonaccrual
loans
that are
current 1
Commercial:
Commercial and industrial$18,201 $36 $26 $62 $18,263 $2 $56 
Owner-occupied9,282 20 21 41 9,323 — 24 
Municipal4,272 — — — 4,272 — 2 
Total commercial31,755 56 47 103 31,858 2 82 
Commercial real estate:
Term
11,360 6 21 27 11,387 — 20 
Construction and land development2,271 — — — 2,271 — — 
Total commercial real estate13,631 6 21 27 13,658 — 20 
Consumer:
1-4 family residential10,354 26 26 52 10,406 — 29 
Home equity credit line3,953 14 9 23 3,976 — 20 
Construction and other consumer real estate
786 — — — 786 — — 
Bankcard and other revolving plans
510 3 2 5 515 1 1 
Other112 1 — 1 113 — — 
Total consumer15,715 44 37 81 15,796 1 50 
Total$61,101 $106 $105 $211 $61,312 $3 $152 
December 31, 2025
(In millions)Current30-89 days
past due		90+ days
past due		Total
past due		Total
loans		Accruing
loans
90+ days
past due
Nonaccrual
loans
that are
current 1
Commercial:
Commercial and industrial$18,025 $75 $11 $86 $18,111 $2 $73 
Owner-occupied9,235 11 28 39 9,274 1 17 
Municipal4,293 1 — 1 4,294 — 2 
Total commercial31,553 87 39 126 31,679 3 92 
Commercial real estate:
Term
11,211 1 22 23 11,234 1 50 
Construction and land development2,161 — 1 1 2,162 — — 
Total commercial real estate13,372 1 23 24 13,396 1 50 
Consumer:
1-4 family residential10,411 10 41 51 10,462 — 21 
Home equity credit line3,920 19 11 30 3,950 — 15 
Construction and other consumer real estate
782 — — — 782 — — 
Bankcard and other revolving plans
510 3 2 5 515 1 1 
Other115 1 — 1 116 — — 
Total consumer15,738 33 54 87 15,825 1 37 
Total$60,663 $121 $116 $237 $60,900 $5 $179 
1 Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is not expected.
Summary of Outstanding Loan Balances (Accruing and Nonaccruing) Categorized by Credit Quality Indicators
March 31, 2026
Term loansRevolving loans amortized cost basisRevolving loans converted to term loans amortized cost basis
Amortized cost basis by year of origination
(In millions)
2026
2025
2024
2023
2022
PriorTotal
Commercial:
Commercial and industrial
Pass$871 $3,487 $1,873 $1,030 $827 $892 $8,193 $154 $17,327 
Special Mention— 13 38 49 2 58 46 1 207 
Accruing Substandard52 120 111 85 48 41 180 9 646 
Nonaccrual14 2 4 3 21 5 14 20 83 
Total commercial and industrial937 3,622 2,026 1,167 898 996 8,433 184 18,263 
Owner-occupied
Pass391 1,113 1,115 697 1,366 3,892 234 63 8,871 
Special Mention— 7 16 1 20 20 1 — 65 
Accruing Substandard5 5 49 12 104 135 23 4 337 
Nonaccrual— 6 2 2 6 28 6 — 50 
Total owner-occupied396 1,131 1,182 712 1,496 4,075 264 67 9,323 
Municipal
Pass115 488 632 402 724 1,865 6 35 4,267 
Special Mention— — — — — — — — — 
Accruing Substandard— 3 — — — — — — 3 
Nonaccrual— — — — — 2 — — 2 
Total municipal115 491 632 402 724 1,867 6 35 4,272 
Total commercial1,448 5,244 3,840 2,281 3,118 6,938 8,703 286 31,858 
Commercial real estate:
Term
Pass615 2,456 1,311 1,132 1,612 2,506 364 138 10,134 
Special Mention— 9 21 87 80 15 — — 212 
Accruing Substandard132 249 35 137 338 92 1 15 999 
Nonaccrual— 20 — 16 1 5 — — 42 
Total term747 2,734 1,367 1,372 2,031 2,618 365 153 11,387 
Construction and land development
Pass84 577 471 241 64 2 698 59 2,196 
Special Mention— — 9 — — — — — 9 
Accruing Substandard— 32 24 6 — — 4 — 66 
Nonaccrual— — — — — — — — — 
Total construction and land development84 609 504 247 64 2 702 59 2,271 
Total commercial real estate831 3,343 1,871 1,619 2,095 2,620 1,067 212 13,658 
March 31, 2026
Term loansRevolving loans amortized cost basisRevolving loans converted to term loans amortized cost basis
Amortized cost basis by year of origination
(In millions)
2026
2025
2024
2023
2022
PriorTotal
Consumer:
1-4 family residential
Pass$346 $808 $716 $806 $3,135 $4,525 $— $— $10,336 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — 2 1 — — 3 
Nonaccrual— 1 3 6 14 43 — — 67 
Total 1-4 family residential346 809 719 812 3,151 4,569 — — 10,406 
Home equity credit line
Pass— — — — — — 3,818 116 3,934 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — 9 — 9 
Nonaccrual— — — — — — 28 5 33 
Total home equity credit line— — — — — — 3,855 121 3,976 
Construction and other consumer real estate
Pass21 340 318 56 48 3 — — 786 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — — — — 
Nonaccrual— — — — — — — — — 
Total construction and other consumer real estate21 340 318 56 48 3 — — 786 
Bankcard and other revolving plans
Pass— — — — — — 511 1 512 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — 2 — 2 
Nonaccrual— — — — — — 1 — 1 
Total bankcard and other revolving plans— — — — — — 514 1 515 
Other consumer
Pass18 44 23 14 9 4 — — 112 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — — — — 
Nonaccrual— — — 1 — — — — 1 
Total other consumer18 44 23 15 9 4 — — 113 
Total consumer385 1,193 1,060 883 3,208 4,576 4,369 122 15,796 
Total loans$2,664 $9,780 $6,771 $4,783 $8,421 $14,134 $14,139 $620 $61,312 
December 31, 2025
Term loansRevolving loans amortized cost basisRevolving loans converted to term loans amortized cost basis
Amortized cost basis by year of origination
(In millions)
2025
2024
2023
2022
2020PriorTotal
Commercial:
Commercial and industrial
Pass$3,746 $2,058 $1,143 $898 $350 $698 $8,141 $197 $17,231 
Special Mention14 29 13 16 28 30 99 1 230 
Accruing Substandard60 140 82 41 18 30 177 9 557 
Nonaccrual4 5 4 37 3 3 14 23 93 
Total commercial and industrial3,824 2,232 1,242 992 399 761 8,431 230 18,111 
Owner-occupied
Pass1,112 1,234 727 1,414 1,492 2,515 227 67 8,788 
Special Mention3 28 — 9 9 30 1 — 80 
Accruing Substandard4 37 15 111 71 89 24 4 355 
Nonaccrual6 8 2 6 3 19 7 — 51 
Total owner-occupied1,125 1,307 744 1,540 1,575 2,653 259 71 9,274 
Municipal
Pass542 614 409 745 849 1,070 1 41 4,271 
Special Mention— 3 — — — — — — 3 
Accruing Substandard— — — — — 18 — — 18 
Nonaccrual— — — — 2 — — — 2 
Total municipal542 617 409 745 851 1,088 1 41 4,294 
Total commercial5,491 4,156 2,395 3,277 2,825 4,502 8,691 342 31,679 
Commercial real estate:
Term
Pass2,643 1,223 1,167 1,741 956 1,747 318 140 9,935 
Special Mention51 — 35 71 — 1 — — 158 
Accruing Substandard328 43 142 426 53 36 26 15 1,069 
Nonaccrual21 — 16 1 — 5 — 29 72 
Total term3,043 1,266 1,360 2,239 1,009 1,789 344 184 11,234 
Construction and land development
Pass446 540 375 47 1 1 624 49 2,083 
Special Mention— 8 5 — — — — — 13 
Accruing Substandard53 6 — — — — 6 — 65 
Nonaccrual— — 1 — — — — — 1 
Total construction and land development499 554 381 47 1 1 630 49 2,162 
Total commercial real estate3,542 1,820 1,741 2,286 1,010 1,790 974 233 13,396 
December 31, 2025
Term loansRevolving loans amortized cost basisRevolving loans converted to term loans amortized cost basis
Amortized cost basis by year of origination
(In millions)
2025
2024
2023
2022
2020PriorTotal
Consumer:
1-4 family residential
Pass$917 $847 $867 $3,144 $1,808 $2,812 $— $— $10,395 
Special Mention— — — — — — — — — 
Accruing Substandard— 1 — — — 1 — — 2 
Nonaccrual1 4 5 15 13 27 — — 65 
Total 1-4 family residential918 852 872 3,159 1,821 2,840 — — 10,462 
Home equity credit line
Pass— — — — — — 3,799 111 3,910 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — 10 — 10 
Nonaccrual— — — — — — 26 4 30 
Total home equity credit line— — — — — — 3,835 115 3,950 
Construction and other consumer real estate
Pass246 351 87 91 5 2 — — 782 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — — — — 
Nonaccrual— — — — — — — — — 
Total construction and other consumer real estate246 351 87 91 5 2 — — 782 
Bankcard and other revolving plans
Pass— — — — — — 511 1 512 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — 2 — 2 
Nonaccrual— — — — — — 1 — 1 
Total bankcard and other revolving plans— — — — — — 514 1 515 
Other consumer
Pass55 26 19 11 4 1 — — 116 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — — — — 
Nonaccrual— — — — — — — — — 
Total other consumer55 26 19 11 4 1 — — 116 
Total consumer1,219 1,229 978 3,261 1,830 2,843 4,349 116 15,825 
Total loans$10,252 $7,205 $5,114 $8,824 $5,665 $9,135 $14,014 $691 $60,900 
The following schedules present gross charge-offs categorized by year of loan origination for the periods presented:
Three Months Ended March 31, 2026
Term loansRevolving loans
gross charge-offs		Revolving loans converted to term loans gross charge-offs
Gross charge-offs by year of loan origination
(In millions)20262025202420232022PriorTotal
Commercial:
Commercial and industrial$— $4 $— $— $— $1 $2 $— $7 
Consumer:
Bankcard and other revolving plans— — — — — — 3 — 3 
Other— — — — — 1 — — 1 
Total consumer— — — — — 1 3 — 4 
Total gross charge-offs$— $4 $— $— $— $2 $5 $— $11 
Three Months Ended March 31, 2025
Term loansRevolving loans
gross charge-offs		Revolving loans converted to term loans gross charge-offs
Gross charge-offs by year of loan origination
(In millions)20252024202320222021PriorTotal
Commercial:
Commercial and industrial$— $— $1 $— $1 $10 $7 $— $19 
Consumer:
1-4 family residential— — — — 1 1 — — 2 
Bankcard and other revolving plans— — — — — — 2 — 2 
Other— — — — — — 1 — 1 
Total consumer— — — — 1 1 3 — 5 
Total gross charge-offs$— $— $1 $— $2 $11 $10 $— $24 
Summary of TDRs (Accruing and Nonaccruing) Categorized by Loan Class and Modification Type
The amortized cost of loans to borrowers experiencing financial difficulty that were modified during the period, by loan class and modification type, is summarized in the following schedule:
Three Months Ended March 31, 2026
Amortized cost associated with
the following modification types:
(Dollar amounts in millions)Interest
rate reduction		Maturity
or term
extension		Principal
forgiveness		Payment
deferral
Multiple modification types 1
Total 2
Percentage of total loans 3
Commercial:
Commercial and industrial$— $62 $— $— $3 $65 0.4 %
Owner-occupied— 19 — — — 19 0.2 
Total commercial— 81 — — 3 84 0.3 
Commercial real estate:
Term
— 139 — — — 139 1.2 
Consumer:
1-4 family residential— — — — 2 2 — 
Total$— $220 $— $— $5 $225 0.4 
​
Three Months Ended March 31, 2025
Amortized cost associated with
the following modification types:
(Dollar amounts in millions)Interest
rate reduction		Maturity
or term
extension		Principal
forgiveness		Payment
deferral
Multiple modification types 1
Total 2
Percentage of total loans 3
Commercial:
Commercial and industrial$— $35 $— $— $— $35 0.2 %
Owner-occupied— 5 — — — 5 0.1 
Total commercial— 40 — — — 40 0.1 
Commercial real estate:
Term
— 211 — 8 — 219 2.0 
Construction and land development
— 31 — — — 31 1.1 
Total commercial real estate— 242 — 8 — 250 1.8 
Consumer:
1-4 family residential— — — — 10 10 0.1 
Total consumer— — — — 10 10 0.1 
Total$— $282 $— $8 $10 $300 0.5 
​
1 Includes modifications that resulted from a combination of interest rate reduction, maturity or term extension, principal forgiveness, and payment deferral modifications.
2 Unfunded lending commitments related to loans modified to borrowers experiencing financial difficulty totaled $18 million and
$8 million at March 31, 2026 and March 31, 2025, respectively.
3 Amounts less than 0.05% are rounded to zero.
The following schedule presents the financial impact of loan modifications to borrowers experiencing financial difficulty:
Three Months Ended
March 31, 2026
Weighted-average interest rate reduction (in percentage points)Weighted-average term extension
(in months)
Commercial:
Commercial and industrial1.9 %18
Owner-occupied— 6
Total commercial1.9 16
Commercial real estate:
Term
— 7
Consumer:1
1-4 family residential3.1 34
Total weighted average financial impact2.7 11
Three Months Ended
March 31, 2025
Weighted-average interest rate reduction (in percentage points)Weighted-average term extension
(in months)
Commercial:
Commercial and industrial0.5 %8
Owner-occupied— 83
Total commercial0.5 18
Commercial real estate:
Term
— 6
Construction and land development— 12
Total commercial real estate— 7
Consumer:
1-4 family residential— 3
Total weighted average financial impact0.5 8
The following schedule presents the aging of loans to borrowers experiencing financial difficulty that were modified on or after April 1, 2025 through March 31, 2026, categorized by portfolio segment and loan class:
March 31, 2026
(In millions)Current30-89 days
past due		90+ days
past due		Total
past due		Total
amortized cost of loans
Commercial:
Commercial and industrial$177 $15 $3 $18 $195 
Owner-occupied22 — 6 6 28 
Total commercial199 15 9 24 223 
Commercial real estate:
Term374 — — — 374 
Construction and land development5 — — — 5 
Total commercial real estate379 — — — 379 
Consumer:
1-4 family residential5 — — — 5 
Home equity credit line1 — — — 1 
Total consumer6 — — — 6 
Total$584 $15 $9 $24 $608 
The following schedule presents the aging of loans to borrowers experiencing financial difficulty that were modified on or after April 1, 2024 through March 31, 2025, categorized by portfolio segment and loan class:
March 31, 2025
(In millions)Current30-89 days
past due		90+ days
past due		Total
past due		Total
amortized cost of loans
Commercial:
Commercial and industrial$84 $2 $— $2 $86 
Owner-occupied17 — — — 17 
Municipal— — 8 8 8 
Total commercial101 2 8 10 111 
Commercial real estate:
Term339 8 — 8 347 
Construction and land development36 12 — 12 48 
Total commercial real estate375 20 — 20 395 
Consumer:
1-4 family residential14 — — — 14 
Home equity credit line1 — — — 1 
Bankcard and other revolving plans
1 — — — 1 
Total consumer16 — — — 16 
Total$492 $22 $8 $30 $522 
Summary of Collateral-Dependent Loans
Select information on loans for which the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the underlying collateral, including the type of collateral and the extent to which the collateral secures the loans, is summarized as follows:
March 31, 2026
(Dollar amounts in millions)Amortized costMajor types of collateral
Weighted average LTV 1
Commercial:
Commercial and industrial$2 Semi-trailers and semi-tractors82%
Owner-occupied16 Agriculture production and industrial buildings68%
Municipal2 Multifamily apartments81%
Commercial real estate:
Term41 Office building57%
Consumer:
1-4 family residential3 Single family residential53%
Total$64 
December 31, 2025
(Dollar amounts in millions)Amortized costMajor types of collateral
Weighted average LTV 1
Commercial:
Commercial and industrial$3 Single family residential71%
Owner occupied23 Agriculture production and industrial buildings67%
Municipal2 Multifamily apartments93%
Commercial real estate:
Term37 Office building98%
Consumer:
1-4 family residential5 Single family residential62%
Total$70 
1 The fair value is based on the most recent appraisal or other collateral evaluation.