v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Summary of Transactions in the ALLL
The following tables summarize transactions in the ALLL by portfolio segment:
For the three months ended June 30, 2026 ($ in millions)
Commercial		Residential
Mortgage
Consumer
Total
Balance, beginning of period$1,820 108 994 2,922 
Losses charged-off(a)
(73)(1)(107)(181)
Recoveries of losses previously charged-off(a)
9 1 36 46 
Provision for (benefit from) loan and lease losses32 (5)104 131 
Allowance on PCD loans and leases at acquisition— (1)— (1)
Allowance on PSLs at acquisition— 1 — 1 
Balance, end of period$1,788 103 1,027 2,918 
(a)The Bancorp recorded $3 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.

For the three months ended June 30, 2025 ($ in millions)

Commercial
Residential
Mortgage

Consumer

Total
Balance, beginning of period$1,241 139 1,004 2,384 
Losses charged-off(a)
(90)— (104)(194)
Recoveries of losses previously charged-off(a)
19 1 35 55 
Provision for (benefit from) loan and lease losses123 (6)50 167 
Balance, end of period$1,293 134 985 2,412 
(a)The Bancorp recorded $5 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.

For the six months ended June 30, 2026 ($ in millions)

Commercial		Residential
Mortgage
Consumer
Total
Balance, beginning of period$1,186 109 958 2,253 
Losses charged off(a)(b)
(151)(1)(216)(368)
Recoveries of losses previously charged off(a)(b)
18 1 70 89 
Provision for (benefit from) loan and lease losses92 (12)203 283 
Allowance on PCD loans and leases at acquisition177 1 1 179 
Allowance on PSLs at acquisition466 5 11 482 
Balance, end of period$1,788 103 1,027 2,918 
(a)The Bancorp recorded $7 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
(b)Excludes net charge-offs of $111 million which were taken at the time of the Comerica acquisition.

For the six months ended June 30, 2025 ($ in millions)
CommercialResidential MortgageConsumerTotal
Balance, beginning of period$1,154 146 1,052 2,352 
Losses charged off(a)
(156)(1)(209)(366)
Recoveries of losses previously charged off(a)
20 2 68 90 
Provision for (benefit from) loan and lease losses275 (13)74 336 
Balance, end of period$1,293 134 985 2,412 
(a)The Bancorp recorded $10 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment The following tables provide a summary of the ALLL and related loans and leases, classified by portfolio segment:
As of June 30, 2026 ($ in millions)
Commercial		Residential
Mortgage
Consumer
Total
ALLL:(a)
Individually evaluated$150 — 13 163 
Collectively evaluated1,638 103 1,014 2,755 
Total ALLL$1,788 103 1,027 2,918 
Portfolio loans and leases:(b)
Individually evaluated$522 153 106 781 
Collectively evaluated124,358 19,458 33,829 177,645 
Total portfolio loans and leases$124,880 19,611 33,935 178,426 
(a)Includes $2 related to commercial leveraged leases at June 30, 2026.
(b)Excludes $102 of residential mortgage loans measured at fair value and includes $239 of commercial leveraged leases, net of unearned income, at June 30, 2026.

As of December 31, 2025 ($ in millions)

Commercial
Residential
Mortgage

Consumer

Total
ALLL:(a)
Individually evaluated$178 — 15 193 
Collectively evaluated1,008 109 943 2,060 
Total ALLL$1,186 109 958 2,253 
Portfolio loans and leases:(b)
Individually evaluated$367 143 105 615 
Collectively evaluated73,195 17,403 31,332 121,930 
Total portfolio loans and leases$73,562 17,546 31,437 122,545 
(a)Includes $2 related to commercial leveraged leases at December 31, 2025.
(b)Excludes $106 of residential mortgage loans measured at fair value and includes $243 of commercial leveraged leases, net of unearned income, at December 31, 2025.
Loan and Leases Balances by Credit Quality Indicator
The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk rating:
As of June 30, 2026 ($ in millions) Term Loans and Leases by Origination YearRevolving and Other Loans
20262025202420232022PriorTotal
Commercial and industrial loans:
Pass$4,100 6,120 3,777 1,611 2,167 1,940 61,322 81,037 
Special mention85 149 88 53 107 27 1,401 1,910 
Substandard29 98 252 155 94 155 1,899 2,682 
Doubtful— — — — — — 107 107 
Total commercial and industrial loans$4,214 6,367 4,117 1,819 2,368 2,122 64,729 85,736 
Commercial mortgage owner-occupied loans:

Pass$1,193 1,682 1,052 954 1,298 1,852 3,365 11,396 
Special mention14 26 16 29 40 55 96 276 
Substandard26 159 51 41 69 75 128 549 
Doubtful— — — — — — — — 
Total commercial mortgage owner-occupied loans$1,233 1,867 1,119 1,024 1,407 1,982 3,589 12,221 
Commercial mortgage nonowner-occupied loans:

Pass$622 1,464 891 806 1,047 1,416 7,373 13,619 
Special mention4 — 26 1 69 23 493 616 
Substandard25 19 52 12 51 24 557 740 
Doubtful— — — — — — — — 
Total commercial mortgage nonowner-occupied loans$651 1,483 969 819 1,167 1,463 8,423 14,975 
Commercial construction loans:

Pass$14 60 — — — 10 7,412 7,496 
Special mention— — — — — — 532 532 
Substandard— — — — — — 431 431 
Doubtful— — — — — — — — 
Total commercial construction loans$14 60 — — — 10 8,375 8,459 
Commercial leases:

Pass$621 1,077 766 240 159 554 — 3,417 
Special mention— 7 13 — — — — 20 
Substandard3 6 16 17 4 6 — 52 
Doubtful— — — — — — — — 
Total commercial leases$624 1,090 795 257 163 560 — 3,489 
Total commercial loans and leases:
Pass$6,550 10,403 6,486 3,611 4,671 5,772 79,472 116,965 
Special mention103 182 143 83 216 105 2,522 3,354 
Substandard83 282 371 225 218 260 3,015 4,454 
Doubtful— — — — — — 107 107 
Total commercial loans and leases$6,736 10,867 7,000 3,919 5,105 6,137 85,116 124,880 
As of December 31, 2025 ($ in millions) Term Loans and Leases by Origination YearRevolving and Other Loans
20252024202320222021PriorTotal
Commercial and industrial loans:
Pass$3,359 2,040 861 1,829 832 553 40,015 49,489 
Special mention23 51 10 7 13 10 839 953 
Substandard57 89 92 138 42 28 1,743 2,189 
Doubtful— 1 — — 6 — 111 118 
Total commercial and industrial loans$3,439 2,181 963 1,974 893 591 42,708 52,749 
Commercial mortgage owner-occupied loans:
Pass$1,136 615 572 648 537 406 1,712 5,626 
Special mention24 4 28 16 14 3 72 161 
Substandard69 44 38 33 27 12 132 355 
Doubtful— — — — — — — — 
Total commercial mortgage owner-occupied loans$1,229 663 638 697 578 421 1,916 6,142 
Commercial mortgage nonowner-occupied loans:
Pass$824 542 486 638 109 419 2,628 5,646 
Special mention1 — — 19 — — 111 131 
Substandard20 63 16 42 — 24 144 309 
Doubtful— — — — — — — — 
Total commercial mortgage nonowner-occupied loans$845 605 502 699 109 443 2,883 6,086 
Commercial construction loans:
Pass$44 — — — 27 — 4,404 4,475 
Special mention— — — — — — 548 548 
Substandard— — — — — — 293 293 
Doubtful— — — — — — — — 
Total commercial construction loans$44 — — — 27 — 5,245 5,316 
Commercial leases:
Pass$1,255 858 266 198 173 472 — 3,222 
Special mention2 6 — — 1 — — 9 
Substandard1 15 11 3 5 3 — 38 
Doubtful— — — — — — — — 
Total commercial leases$1,258 879 277 201 179 475 — 3,269 
Total commercial loans and leases:
Pass$6,618 4,055 2,185 3,313 1,678 1,850 48,759 68,458 
Special mention50 61 38 42 28 13 1,570 1,802 
Substandard147 211 157 216 74 67 2,312 3,184 
Doubtful— 1 — — 6 — 111 118 
Total commercial loans and leases$6,815 4,328 2,380 3,571 1,786 1,930 52,752 73,562 

The following tables summarize the Bancorp’s gross charge-offs within the commercial portfolio segment, by class and vintage:
For the six months ended June 30, 2026 ($ in millions)
Term Loans and Leases by Origination YearRevolving and Other Loans
20262025202420232022PriorTotal
Commercial loans and leases:
Commercial and industrial loans$2 2 2 1 — 6 138 151 
Commercial mortgage owner-occupied loans— — — — — — — — 
Commercial leases— — — — — — — — 
Total commercial loans and leases$2 2 2 1 — 6 138 151 
For the six months ended June 30, 2025 ($ in millions)
Term Loans and Leases by Origination YearRevolving and Other Loans
20252024202320222021PriorTotal
Commercial loans and leases:
Commercial and industrial loans$— 8 22 5 3 1 98 137 
Commercial mortgage owner-occupied loans— — — — 3 11 1 15 
Commercial leases— — 1 1 — 2 — 4 
Total commercial loans and leases$— 8 23 6 6 14 99 156 
The following tables present the amortized cost basis of the Bancorp’s residential mortgage and consumer portfolio segments, by class and vintage, disaggregated by both delinquency and performing versus nonperforming status:
As of June 30, 2026 ($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20262025202420232022PriorTotal
Residential mortgage loans:
Performing:
Current(a)
$1,159 2,167 1,998 1,042 2,758 10,259 — — 19,383 
30-89 days past due1 2 10 2 5 27 — — 47 
90 days or more past due— 1 3 — 1 5 — — 10 
Nonperforming— 1 8 7 16 139 — — 171 
Total residential mortgage loans(b)
$1,160 2,171 2,019 1,051 2,780 10,430 — — 19,611 
Home equity:

Performing:

Current$96 176 120 42 25 61 6,073 173 6,766 
30-89 days past due— — — — — 1 29 2 32 
90 days or more past due— — — — — — — — — 
Nonperforming— — — 1 — 9 111 10 131 
Total home equity$96 176 120 43 25 71 6,213 185 6,929 
Indirect secured consumer loans:

Performing:









Current$4,023 6,347 3,474 1,503 1,586 1,083 — — 18,016 
30-89 days past due5 23 23 20 23 14 — — 108 
90 days or more past due— — — — — — — — — 
Nonperforming1 7 11 13 17 13 — — 62 
Total indirect secured consumer loans$4,029 6,377 3,508 1,536 1,626 1,110 — — 18,186 
Credit card:

Performing:
Current$— — — — — — 1,623 — 1,623 
30-89 days past due— — — — — — 15 — 15 
90 days or more past due— — — — — — 16 — 16 
Nonperforming— — — — — — 29 — 29 
Total credit card$— — — — — — 1,683 — 1,683 
Solar energy installation loans:

Performing:
Current$67 700 666 1,824 983 27 — — 4,267 
30-89 days past due— 2 5 11 6 — — — 24 
90 days or more past due— — — — — — — — — 
Nonperforming3 4 2 8 6 — — — 23 
Total solar energy installation loans$70 706 673 1,843 995 27 — — 4,314 
Other consumer loans:

Performing:

Current$295 278 152 252 374 418 1,017 18 2,804 
30-89 days past due— 2 1 2 4 3 1 — 13 
90 days or more past due— — — — — 1 — — 1 
Nonperforming— 1 — 1 2 1 — — 5 
Total other consumer loans$295 281 153 255 380 423 1,018 18 2,823 
Total residential mortgage and consumer loans:
Performing:
Current$5,640 9,668 6,410 4,663 5,726 11,848 8,713 191 52,859 
30-89 days past due6 29 39 35 38 45 45 2 239 
90 days or more past due— 1 3 — 1 6 16 — 27 
Nonperforming4 13 21 30 41 162 140 10 421 
Total residential mortgage and consumer loans(b)
$5,650 9,711 6,473 4,728 5,806 12,061 8,914 203 53,546 
(a)Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of June 30, 2026, $70 of these loans were 30-89 days past due and $266 were 90 days or more past due. The Bancorp recognized losses of an immaterial amount during both the three and six months ended June 30, 2026 due to claim denials and curtailments associated with these insured or guaranteed loans.
(b)Excludes $102 of residential mortgage loans measured at fair value at June 30, 2026, including $1 of 30-89 days past due loans, $1 of 90 days or more past due loans and $5 of nonperforming loans.
As of December 31, 2025 ($ in millions) Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20252024202320222021PriorTotal
Residential mortgage loans:
Performing:
Current(a)
$1,871 2,047 897 2,649 4,095 5,800 — — 17,359 
30-89 days past due— 4 2 3 8 15 — — 32 
90 days or more past due— 2 1 — 3 4 — — 10 
Nonperforming— 3 7 14 17 104 — — 145 
Total residential mortgage loans(b)
$1,871 2,056 907 2,666 4,123 5,923 — — 17,546 
Home equity:
Performing:
Current$194 137 50 27 1 76 4,182 83 4,750 
30-89 days past due— — — — — 1 23 1 25 
90 days or more past due— — — — — — — — — 
Nonperforming— — 1 — — 5 61 4 71 
Total home equity$194 137 51 27 1 82 4,266 88 4,846 
Indirect secured consumer loans:
Performing:
Current$7,854 4,387 1,881 2,004 1,213 435 — — 17,774 
30-89 days past due23 26 24 31 17 8 — — 129 
90 days or more past due— — — — — — — — — 
Nonperforming4 10 12 19 11 5 — — 61 
Total indirect secured consumer loans$7,881 4,423 1,917 2,054 1,241 448 — — 17,964 
Credit card:
Performing:
Current$— — — — — — 1,683 — 1,683 
30-89 days past due— — — — — — 18 — 18 
90 days or more past due— — — — — — 17 — 17 
Nonperforming— — — — — — 29 — 29 
Total credit card$— — — — — — 1,747 — 1,747 
Solar energy installation loans:

Performing:
Current$814 724 1,914 1,030 1 29 — — 4,512 
30-89 days past due1 4 14 7 — — — — 26 
90 days or more past due— — — — — — — — — 
Nonperforming1 2 11 7 — 1 — — 22 
Total solar energy installation loans$816 730 1,939 1,044 1 30 — — 4,560 
Other consumer loans:
Performing:
Current$248 104 245 377 139 204 957 22 2,296 
30-89 days past due1 1 3 5 2 2 1 1 16 
90 days or more past due— — — — — — — — — 
Nonperforming— — 2 3 — — 2 1 8 
Total other consumer loans$249 105 250 385 141 206 960 24 2,320 
Total residential mortgage and consumer loans:
Performing:
Current$10,981 7,399 4,987 6,087 5,449 6,544 6,822 105 48,374 
30-89 days past due25 35 43 46 27 26 42 2 246 
90 days or more past due— 2 1 — 3 4 17 — 27 
Nonperforming5 15 33 43 28 115 92 5 336 
Total residential mortgage and consumer loans(b)
$11,011 7,451 5,064 6,176 5,507 6,689 6,973 112 48,983 
(a)Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of December 31, 2025, $83 of these loans were 30-89 days past due and $195 were 90 days or more past due. The Bancorp recognized an immaterial amount and $1 of losses during the three and six months ended June 30, 2025, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans.
(b)Excludes $106 of residential mortgage loans measured at fair value at December 31, 2025, including $2 of 30-89 days past due loans and $4 of nonperforming loans.
The following tables summarize the Bancorp’s gross charge-offs within the residential mortgage and consumer portfolio segments, by class and vintage:
For the six months ended June 30, 2026
($ in millions)
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20262025202420232022PriorTotal
Residential mortgage loans$— — — — — 1 — — 1 
Consumer loans:
Home equity— — — — — — 3 — 3 
Indirect secured consumer loans— 16 16 16 20 8 — — 76 
Credit card— — — — — — 39 — 39 
Solar energy installation loans— 5 9 26 15 — — — 55 
Other consumer loans— 3 2 5 9 6 17 1 43 
Total residential mortgage and consumer loans$— 24 27 47 44 15 59 1 217 

For the six months ended June 30, 2025
($ in millions)
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20252024202320222021PriorTotal
Residential mortgage loans$— — — — — 1 — — 1 
Consumer loans:
Home equity— — — — — — 3 — 3 
Indirect secured consumer loans— 13 20 22 8 6 — — 69 
Credit card— — — — — — 42 — 42 
Solar energy installation loans— 6 25 13 — — — — 44 
Other consumer loans— 2 8 13 4 7 16 1 51 
Total residential mortgage and consumer loans$— 21 53 48 12 14 61 1 210 
Financing Receivable, Past Due
The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class:
Current
Loans and
Leases(a)
Past DueTotal Loans
and Leases		90 Days Past
Due and Still
Accruing
As of June 30, 2026 ($ in millions)
30-89
Days(a)
90 Days
or More(a)
Total
Past Due
Commercial loans and leases:
Commercial and industrial loans$85,474 176 86 262 85,736 4 
Commercial mortgage owner-occupied loans12,171 31 19 50 12,221 — 
Commercial mortgage nonowner-occupied loans14,841 130 4 134 14,975 1 
Commercial construction loans8,413 — 46 46 8,459 — 
Commercial leases3,483 6 — 6 3,489 — 
Total portfolio commercial loans and leases$124,382 343 155 498 124,880 5 
(a)Includes accrual and nonaccrual loans and leases.

Current
Loans and
Leases(a)
Past DueTotal Loans
and Leases		90 Days Past
Due and Still
Accruing
As of December 31, 2025 ($ in millions)
30-89
Days(a)
90 Days
or More(a)
Total
Past Due
Commercial loans and leases:
Commercial and industrial loans$52,481 173 95 268 52,749 2 
Commercial mortgage owner-occupied loans6,127 3 12 15 6,142 — 
Commercial mortgage nonowner-occupied loans6,083 1 2 3 6,086 — 
Commercial construction loans5,315 — 1 1 5,316 1 
Commercial leases3,258 11 — 11 3,269 — 
Total portfolio commercial loans and leases$73,264 188 110 298 73,562 3 
(a)Includes accrual and nonaccrual loans and leases.
Summary of the Amortized Cost Basis of the Bancorp's Collateral Dependent Loans
The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of:
($ in millions)June 30,
2026		December 31,
2025
Commercial loans and leases:
Commercial and industrial loans$380 322 
Commercial mortgage owner-occupied loans66 19 
Commercial mortgage nonowner-occupied loans10 5 
Commercial construction loans62 — 
Commercial leases4 — 
Total commercial loans and leases$522 346 
Residential mortgage loans153 143 
Consumer loans:
Home equity71 70 
Indirect secured consumer loans35 35 
Total consumer loans$106 105 
Total portfolio loans and leases$781 594 
Summary of the Bancorp's Nonperforming Loans and Leases by Class
The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of:
June 30, 2026December 31, 2025
 ($ in millions)With an ALLLNo Related
ALLL		TotalWith an ALLLNo Related
ALLL		Total
Commercial loans and leases:
Commercial and industrial loans$377 78 455 350 43 393 
Commercial mortgage owner-occupied loans50 33 83 16 13 29 
Commercial mortgage nonowner-occupied loans10 1 11 5 — 5 
Commercial construction loans— 62 62 — — — 
Commercial leases4 — 4 — — — 
Total nonaccrual portfolio commercial loans and leases$441 174 615 371 56 427 
Residential mortgage loans96 80 176 69 80 149 
Consumer loans:
Home equity80 51 131 23 48 71 
Indirect secured consumer loans53 9 62 52 9 61 
Credit card29 — 29 29 — 29 
Solar energy installation loans23 — 23 22 — 22 
Other consumer loans5 — 5 8 — 8 
Total nonaccrual portfolio consumer loans$190 60 250 134 57 191 
Total nonaccrual portfolio loans and leases(a)(b)
$727 314 1,041 574 193 767 
OREO and other repossessed property— 34 34 — 30 30 
Total nonperforming portfolio assets(a)(b)
$727 348 1,075 574 223 797 
(a)Excludes $167 and $70 of nonaccrual loans held for sale as of June 30, 2026 and December 31, 2025, respectively.
(b)Includes $35 and $21 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of June 30, 2026 and December 31, 2025, respectively.
Summary of Loan Modifications
The following tables present the amortized cost basis as of June 30, 2026 and 2025 of the Bancorp’s commercial portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification:
For the three months ended June 30, 2026 ($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total Class
Commercial and industrial loans$511 13 — 1 525 0.61 
Commercial mortgage owner-occupied loans77 — 2 — 79 0.65 
Commercial mortgage nonowner-occupied loans83 — — — 83 0.55 
Commercial construction loans33 — — — 33 0.39 
Total commercial portfolio loans$704 13 2 1 720 0.59 

For the three months ended June 30, 2025 ($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total Class
Commercial and industrial loans$80 — 163 — 243 0.46 
Commercial mortgage owner-occupied loans48 — 1 — 49 0.83 
Commercial mortgage nonowner-occupied loans— — — — — — 
Commercial construction loans41 — — — 41 0.74 
Total commercial portfolio loans$169 — 164 — 333 0.47 

For the six months ended June 30, 2026 ($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total Class
Commercial and industrial loans$734 21 — 20 775 0.90 
Commercial mortgage owner-occupied loans80 — 2 — 82 0.67 
Commercial mortgage nonowner-occupied loans85 — — — 85 0.57 
Commercial construction loans67 — — — 67 0.79 
Total commercial portfolio loans$966 21 2 20 1,009 0.83 

For the six months ended June 30, 2025 ($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total Class
Commercial and industrial loans$116 4 163 — 283 0.53 
Commercial mortgage owner-occupied loans53 23 1 — 77 1.31 
Commercial mortgage nonowner-occupied loans2 — — — 2 0.03 
Commercial construction loans50 — 43 — 93 1.68 
Total commercial portfolio loans$221 27 207 — 455 0.64 
The following tables present the financial effects of the Bancorp’s significant types of commercial portfolio loan modifications to borrowers experiencing financial difficulty, by portfolio class:
For the three months ended
June 30,
Financial Effects20262025
Commercial and industrial loansWeighted-average length of term extensions9 months20 months
Weighted-average length of payment delay6 months9 months
Commercial mortgage owner-occupied loansWeighted-average length of term extensions5 months6 months
Weighted-average length of payment delay1 month6 months
Commercial mortgage nonowner-occupied loansWeighted-average length of term extensions9 monthsN/A
Commercial construction loansWeighted-average length of term extensions3 months12 months

For the six months ended
June 30,
Financial Effects20262025
Commercial and industrial loansWeighted-average length of term extensions9 months16 months
Weighted-average length of payment delay5 months9 months
Commercial mortgage owner-occupied loansWeighted-average length of term extensions5 months7 months
Weighted-average length of payment delay1 month10 months
Commercial mortgage nonowner-occupied loansWeighted-average length of term extensions9 months6 months
Commercial construction loansWeighted-average length of term extensions6 months12 months
Weighted-average length of payment delayN/A7 months
The following tables present the amortized cost basis as of June 30, 2026 and 2025 of the Bancorp’s residential mortgage portfolio loans that were modified for borrowers experiencing financial difficulty, by type of modification:
June 30, 2026June 30, 2025
For the three months ended ($ in millions)Total% of Total ClassTotal% of Total Class
Payment delay$2 0.01$— — 
Term extension and payment delay5 0.0322 0.12 
Term extension, interest rate reduction and payment delay— —12 0.07 
Total residential mortgage portfolio loans$7 0.04$34 0.19 

June 30, 2026June 30, 2025
For the six months ended ($ in millions)
Total% of Total ClassTotal% of Total Class
Payment delay$2 — $— — 
Term extension and payment delay14 0.0738 0.21 
Term extension, interest rate reduction and payment delay7 0.0413 0.07 
Total residential mortgage portfolio loans$23 0.12$51 0.29 
The following tables present the amortized cost basis as of June 30, 2026 and 2025 of the Bancorp’s consumer portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification:
For the three months ended June 30, 2026 ($ in millions)
Interest Rate ReductionPayment DelayOtherTotal% of Total Class
Home equity$1 — 2 3 0.04 
Credit card6 — — 6 0.36 
Solar energy installation loans— — — — — 
Other consumer loans— 1 — 1 0.04 
Total consumer portfolio loans$7 1 2 10 0.03 

For the three months ended June 30, 2025 ($ in millions)
Interest Rate ReductionPayment DelayOtherTotal% of Total Class
Home equity$— — 3 3 0.07 
Credit card5 — — 5 0.29 
Solar energy installation loans— 1 — 1 0.02 
Other consumer loans— 1 — 1 0.04 
Total consumer portfolio loans$5 2 3 10 0.03 

For the six months ended June 30, 2026 ($ in millions)
Interest Rate ReductionPayment DelayOtherTotal% of Total Class
Home equity$2 — 6 8 0.12 
Credit card11 — — 11 0.65 
Solar energy installation loans— 1 — 1 0.02 
Other consumer loans— 1 — 1 0.04 
Total consumer portfolio loans$13 2 6 21 0.06 
For the six months ended June 30, 2025 ($ in millions)
Interest Rate ReductionPayment DelayOtherTotal% of Total Class
Home equity$1 — 6 7 0.16 
Credit card10 — — 10 0.59 
Solar energy installation loans— 1 — 1 0.02 
Other consumer loans— 2 — 2 0.08 
Total consumer portfolio loans$11 3 6 20 0.07 
Financing Receivable, Modified, Past Due
The following tables present the amortized cost basis as of June 30, 2026 and 2025 for the Bancorp’s commercial portfolio loans that were modified during the twelve months ended June 30, 2026 and 2025, respectively, for borrowers experiencing financial difficulty, by age and portfolio class:
June 30, 2026 ($ in millions)
Past Due
Current30-89 Days90 Days or MoreTotal
Commercial and industrial loans$801 24 9 834 
Commercial mortgage owner-occupied loans84 — — 84 
Commercial mortgage nonowner-occupied loans167 2 — 169 
Commercial construction loans97 — — 97 
Total commercial portfolio loans$1,149 26 9 1,184 
June 30, 2025 ($ in millions)
Past Due
Current30-89 Days90 Days or MoreTotal
Commercial and industrial loans$321 3 62 386 
Commercial mortgage owner-occupied loans100 — 23 123 
Commercial mortgage nonowner-occupied loans51 — — 51 
Commercial construction loans118 — — 118 
Total commercial portfolio loans$590 3 85 678 
Summary of Amortized Cost Basis of Modifications to Borrowers Experiencing Financial Difficulty That Subsequently Defaulted and Were Within Twelve Months of the Modification Date The following tables present the amortized cost basis of commercial portfolio loans as of June 30, 2026 and 2025 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the three months ended June 30, 2026 and 2025, respectively, and were within twelve months of the modification date:
June 30, 2026 ($ in millions)
Term ExtensionPayment DelayTerm Extension and Payment DelayOtherTotal
Commercial and industrial loans$28 — 8 19 55 
Commercial mortgage owner-occupied loans— — — — — 
Commercial construction loans— — 31 — 31 
Total commercial portfolio loans$28 — 39 19 86 

June 30, 2025 ($ in millions)
Term ExtensionPayment DelayTerm Extension and Payment DelayOtherTotal
Commercial and industrial loans$1 43 — — 44 
Commercial mortgage owner-occupied loans— — — — — 
Commercial construction loans— — — — — 
Total commercial portfolio loans$1 43 — — 44 

The following tables present the amortized cost basis as of June 30, 2026 and 2025 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the six months ended June 30, 2026 and 2025, respectively, and were within twelve months of the modification date:
June 30, 2026 ($ in millions)
Term ExtensionPayment DelayTerm Extension and Payment DelayOtherTotal
Commercial and industrial loans$50 — 8 19 77 
Commercial mortgage owner-occupied loans— — — — — 
Commercial construction loans— — 31 — 31 
Total commercial portfolio loans$50 — 39 19 108 

June 30, 2025 ($ in millions)
Term ExtensionPayment DelayTerm Extension and Payment DelayOtherTotal
Commercial and industrial loans$1 52 3 — 56 
Commercial mortgage owner-occupied loans— — 23 — 23 
Commercial construction loans— — — — — 
Total commercial portfolio loans$1 52 26 — 79