Loans and Related Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2026

Summary of the Classification of Portfolio Segments


Commercial						Consumer

• Commercial and industrial						• Residential real estate
• Commercial real estate						• Home equity
						• Automobile
						• Credit card
						• Other consumer

Analysis of Loan Portfolio

Table 49 presents the composition and delinquency status of our loan portfolio at June 30, 2026 and December 31, 2025. Loan delinquencies include government insured or guaranteed loans and loans accounted for under the fair value option.

Table 49: Analysis of Loan Portfolio (a) (b)


	Accruing
Dollars in millions	Current or Less Than 30 Days Past Due			30-59 Days Past Due			60-89 Days Past Due			90 Days or More Past Due			Total Past Due (c)				Nonperforming Loans			Fair Value Option Nonaccrual Loans (d)			Total Loans (e)(f)
June 30, 2026
Commercial
Commercial and industrial	$	226,910		$	123		$	121		$	76		$	320			$	685		$	—		$	227,915
Commercial real estate	35,482			7			9			—			16				464			—			35,962
Total commercial	262,392			130			130			76			336				1,149			—			263,877
Consumer
Residential real estate	47,486			372			115			230			717			(c)	325			181			48,709
Home equity	25,698			65			26			—			91				456			35			26,280
Automobile	15,712			59			15			4			78				82			—			15,872
Credit card	7,179			37			28			56			121				11			—			7,311
Other consumer	5,807			32			24			37			93				4			—			5,904
Total consumer	101,882			565			208			327			1,100				878			216			104,076
Total	$	364,274		$	695		$	338		$	403		$	1,436			$	2,027		$	216		$	367,953
Percentage of total loans	99.00		%	0.19		%	0.09		%	0.11		%	0.39		%		0.55		%	0.06		%	100.00		%
December 31, 2025
Commercial
Commercial and industrial	$	201,772		$	182		$	103		$	57		$	342			$	784		$	—		$	202,898
Commercial real estate	28,879			14			98			—			112				574			—			29,565
Total commercial	230,651			196			201			57			454				1,358			—			232,463
Consumer
Residential real estate	42,687			243			101			209			553			(c)	320			200			43,760
Home equity	25,365			70			30			—			100				439			37			25,941
Automobile	16,411			74			18			5			97				83			—			16,591
Credit card	6,859			45			32			65			142				13			—			7,014
Other consumer	5,610			32			21			44			97				5			—			5,712
Total consumer	96,932			464			202			323			989				860			237			99,018
Total	$	327,583		$	660		$	403		$	380		$	1,443			$	2,218		$	237		$	331,481
Percentage of total loans	98.82		%	0.20		%	0.12		%	0.11		%	0.44		%		0.67		%	0.07		%	100.00		%

(a)Amounts in table represent loans held for investment and do not include any associated ALLL.

(b)The accrued interest associated with our loan portfolio totaled $1.5 billion and $1.3 billion at June 30, 2026 and December 31, 2025, respectively. These amounts are included in Other assets on the Consolidated Balance Sheet.

(c)Past due loan amounts include government insured or guaranteed residential real estate loans totaling $0.3 billion at both June 30, 2026 and December 31, 2025.

(d)Consumer loans accounted for under the fair value option for which we do not expect to collect substantially all principal and interest are subject to nonaccrual accounting and classification upon meeting any of our nonaccrual policy criteria. Given that these loans are not accounted for at amortized cost, they have been excluded from the nonperforming loan population.

(e)Includes unearned income, unamortized deferred fees and costs on originated loans and premiums or discounts on purchased loans totaling $1.7 billion and $1.1 billion at June 30, 2026 and December 31, 2025, respectively.

(f)Collateral dependent loans totaled $1.3 billion and $1.5 billion at June 30, 2026 and December 31, 2025, respectively.

Nonperforming Assets

The following table presents our nonperforming assets as of June 30, 2026 and December 31, 2025:

Table 50: Nonperforming Assets


Dollars in millions	June 30, 2026			December 31, 2025
Nonperforming loans
Commercial	$	1,149		$	1,358
Consumer (a)	878			860
Total nonperforming loans (b)	2,027			2,218
OREO, foreclosed and other assets	123			143
Total nonperforming assets	$	2,150		$	2,361
Nonperforming loans to total loans	0.55		%	0.67		%
Nonperforming assets to total loans, OREO, foreclosed and other assets	0.58		%	0.71		%
Nonperforming assets to total assets	0.35		%	0.41		%

(a)Excludes most unsecured consumer loans and lines of credit, which are charged off after 120 to 180 days past due and are not placed on nonperforming status.

(b)Nonperforming loans for which there is no related ALLL totaled $0.7 billion and $0.6 billion at June 30, 2026 and December 31, 2025, respectively. This primarily includes loans with a fair value of collateral that exceeds the amortized cost basis.

Credit Quality Indicators By Loan Class

The following table presents credit quality indicators for our commercial loan classes:

Table 51: Commercial Credit Quality Indicators (a)


	Term Loans by Origination Year
June 30, 2026 In millions	2026			2025		2024		2023		2022		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Commercial and industrial
Pass Rated	$	23,536		$	31,025	$	14,272	$	9,541	$	11,991	$	15,825	$	113,235	$	79	$	219,504
Criticized	112			577		911		564		890		675		4,637		45		8,411
Total commercial and industrial loans	23,648			31,602		15,183		10,105		12,881		16,500		117,872		124		227,915
Gross charge-offs (b)	8		(c)	13		16		20		38		21		153		1		270
Commercial real estate
Pass Rated	4,939			4,555		2,663		2,707		5,355		9,184		762		—		30,165
Criticized	—			207		601		1,380		1,671		1,922		16		—		5,797
Total commercial real estate loans	4,939			4,762		3,264		4,087		7,026		11,106		778		—		35,962
Gross charge-offs (b)	—			9		—		15		—		16		3		—		43
Total commercial loans	$	28,587		$	36,364	$	18,447	$	14,192	$	19,907	$	27,606	$	118,650	$	124	$	263,877
Total commercial gross charge-offs (d)	$	8		$	22	$	16	$	35	$	38	$	37	$	156	$	1	$	313


	Term Loans by Origination Year
December 31, 2025 In millions	2025			2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Commercial and industrial
Pass Rated	$	35,176		$	16,478	$	10,180	$	13,815	$	4,139	$	12,757	$	101,222	$	125	$	193,892
Criticized	559			896		574		1,181		333		510		4,838		115		9,006
Total commercial and industrial loans	35,735			17,374		10,754		14,996		4,472		13,267		106,060		240		202,898
Gross charge-offs (b)	45		(c)	48		82		28		11		18		131		31		394
Commercial real estate
Pass Rated	3,169			2,395		3,080		5,215		1,324		7,686		610		—		23,479
Criticized	221			571		1,467		1,637		287		1,899		4		—		6,086
Total commercial real estate loans	3,390			2,966		4,547		6,852		1,611		9,585		614		—		29,565
Gross charge-offs (b)	5			1		1		—		7		100		—		2		116
Total commercial loans	$	39,125		$	20,340	$	15,301	$	21,848	$	6,083	$	22,852	$	106,674	$	240	$	232,463
Total commercial gross charge-offs	$	50		$	49	$	83	$	28	$	18	$	118	$	131	$	33	$	510

(a)Loans in our commercial portfolio are classified as Pass Rated or Criticized based on the regulatory definitions, which are driven by the PD and LGD ratings that we assign. The Criticized classification includes loans that were rated special mention, substandard or doubtful as of June 30, 2026 and December 31, 2025.

(b)Gross charge-offs are presented on a year-to-date basis, as of the period end date.

(c)Includes charge-offs of deposit overdrafts.

(d)Acquired commercial gross charge-offs are excluded from the balance above and primarily represents the charge-off of certain loans previously charged off by FirstBank, which were written up upon acquisition to unpaid principal balance as required by purchase accounting.

The following table presents credit quality indicators for our residential real estate and home equity loan classes:

Table 52: Credit Quality Indicators for Residential Real Estate and Home Equity Loan Classes


	Term Loans by Origination Year
June 30, 2026 In millions	2026		2025		2024		2023		2022		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Residential real estate
Current estimated LTV ratios
Greater than 100%	$	3	$	42	$	64	$	61	$	64	$	133	$	—	$	—	$	367
Greater than or equal to 80% to 100%	345		573		313		337		835		653		—		—		3,056
Less than 80%	1,012		1,970		1,618		3,190		8,843		28,022		—		—		44,655
No LTV available	1		—		—		—		—		10		—		—		11
Government insured or guaranteed loans	—		2		7		30		31		550		—		—		620
Total residential real estate loans	$	1,361	$	2,587	$	2,002	$	3,618	$	9,773	$	29,368	$	—	$	—	$	48,709
Updated FICO scores
Greater than or equal to 780	$	782	$	1,784	$	1,391	$	2,537	$	7,774	$	21,238	$	—	$	—	$	35,506
720 to 779	465		553		403		573		1,296		4,320		—		—		7,610
660 to 719	92		168		139		230		434		1,709		—		—		2,772
Less than 660	9		43		37		128		166		986		—		—		1,369
No FICO score available (a)	13		37		25		120		72		565		—		—		832
Government insured or guaranteed loans	—		2		7		30		31		550		—		—		620
Total residential real estate loans	$	1,361	$	2,587	$	2,002	$	3,618	$	9,773	$	29,368	$	—	$	—	$	48,709
Gross charge-offs (b) (c)	$	—	$	—	$	—	$	—	$	—	$	1	$	—	$	—	$	1
Home equity (d)
Current estimated LTV ratios
Greater than 100%	$	1	$	2	$	1	$	1	$	1	$	22	$	491	$	423	$	942
Greater than or equal to 80% to 100%	10		7		5		3		3		47		1,566		1,580		3,221
Less than 80%	48		22		17		20		15		3,584		7,911		10,477		22,094
No LTV available	13		—		—		—		—		1		6		3		23
Total home equity loans	$	72	$	31	$	23	$	24	$	19	$	3,654	$	9,974	$	12,483	$	26,280
Updated FICO scores
Greater than or equal to 780	$	16	$	17	$	9	$	8	$	9	$	2,375	$	5,960	$	5,916	$	14,310
720 to 779	8		7		6		6		4		687		2,600		2,974		6,292
660 to 719	4		5		6		5		3		341		1,236		2,052		3,652
Less than 660	—		2		2		5		3		249		173		1,511		1,945
No FICO score available (a)	44		—		—		—		—		2		5		30		81
Total home equity loans	$	72	$	31	$	23	$	24	$	19	$	3,654	$	9,974	$	12,483	$	26,280
Gross charge-offs (b) (c)	$	—	$	—	$	—	$	—	$	—	$	—	$	7	$	13	$	20


(Continued from previous page)	Term Loans by Origination Year
December 31, 2025 In millions	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Residential real estate
Current estimated LTV ratios
Greater than 100%	$	7	$	24	$	74	$	70	$	55	$	51	$	—	$	—	$	281
Greater than or equal to 80% to 100%	534		290		342		707		447		223		—		—		2,543
Less than 80%	1,594		1,466		3,332		8,003		13,210		12,694		—		—		40,299
No LTV available	—		—		—		—		9		2		—		—		11
Government insured or guaranteed loans	—		6		26		27		20		547		—		—		626
Total residential real estate loans	$	2,135	$	1,786	$	3,774	$	8,807	$	13,741	$	13,517	$	—	$	—	$	43,760
Updated FICO scores
Greater than or equal to 780	$	1,337	$	1,325	$	2,748	$	7,065	$	11,095	$	8,644	$	—	$	—	$	32,214
720 to 779	661		354		568		1,206		1,837		2,225		—		—		6,851
660 to 719	117		86		192		394		543		978		—		—		2,310
Less than 660	19		15		134		109		181		751		—		—		1,209
No FICO score available (a)	1		—		106		6		65		372		—		—		550
Government insured or guaranteed loans	—		6		26		27		20		547		—		—		626
Total residential real estate loans	$	2,135	$	1,786	$	3,774	$	8,807	$	13,741	$	13,517	$	—	$	—	$	43,760
Gross charge-offs (b)	$	—	$	1	$	1	$	3	$	2	$	1	$	—	$	—	$	8
Home equity (e)
Current estimated LTV ratios
Greater than 100%	$	—	$	—	$	—	$	—	$	1	$	24	$	422	$	422	$	869
Greater than or equal to 80% to 100%	—		—		—		—		5		45		1,342		1,562		2,954
Less than 80%	—		—		—		—		125		3,772		7,572		10,649		22,118
Total home equity loans	$	—	$	—	$	—	$	—	$	131	$	3,841	$	9,336	$	12,633	$	25,941
Updated FICO scores
Greater than or equal to 780	$	—	$	—	$	—	$	—	$	86	$	2,465	$	5,423	$	5,967	$	13,941
720 to 779	—		—		—		—		29		737		2,504		3,063		6,333
660 to 719	—		—		—		—		11		372		1,200		2,077		3,660
Less than 660	—		—		—		—		5		265		207		1,496		1,973
No FICO score available (a)	—		—		—		—		—		2		2		30		34
Total home equity loans	$	—	$	—	$	—	$	—	$	131	$	3,841	$	9,336	$	12,633	$	25,941
Gross charge-offs (b)	$	—	$	—	$	—	$	—	$	—	$	—	$	13	$	22	$	35

(a)Loans where FICO scores are not available or required generally refers to accounts for which we cannot obtain an updated FICO score (e.g., recent profile changes, bankruptcy event, deceased borrower) and/or loans titled with a business name. Management proactively assesses the risk and size of this loan category and, when necessary, takes actions to mitigate the credit risk.

(b)Gross charge-offs are presented on a year-to-date basis, as of the period end date.

(c)Acquired consumer gross charge-offs are excluded from the balance above and primarily represents the charge-off of certain loans previously charged off by FirstBank, which were written up upon acquisition to unpaid principal balance as required by purchase accounting.

(d)Amounts as of June 30, 2026 include home equity installment loans acquired from FirstBank, which are reflected in the table based on the date the loan was originated.

(e)New originations consisted only of revolving home equity lines of credit for vintage years 2022 through 2025.

The following table presents credit quality indicators for our automobile, credit card and other consumer loan classes:

Table 53: Credit Quality Indicators for Automobile, Credit Card and Other Consumer Loan Classes


	Term Loans by Origination Year
June 30, 2026 In millions	2026			2025		2024		2023		2022		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Automobile
Updated FICO scores
Greater than or equal to 780	$	1,822		$	3,255	$	1,581	$	755	$	423	$	256	$	—	$	—	$	8,092
720 to 779	904			1,930		892		437		218		121		—		—		4,502
660 to 719	316			834		504		284		135		77		—		—		2,150
Less than 660	50			306		314		239		127		92		—		—		1,128

Total automobile loans	$	3,092		$	6,325	$	3,291	$	1,715	$	903	$	546	$	—	$	—	$	15,872
Gross charge-offs (a)	$	—		$	18	$	17	$	14	$	6	$	5	$	—	$	—	$	60
Credit card
Updated FICO scores
Greater than or equal to 780	$	—		$	—	$	—	$	—	$	—	$	—	$	2,301	$	1	$	2,302
720 to 779	—			—		—		—		—		—		1,990		6		1,996
660 to 719	—			—		—		—		—		—		1,911		18		1,929
Less than 660	—			—		—		—		—		—		918		50		968
No FICO score available or required (b)	—			—		—		—		—		—		114		2		116
Total credit card loans	$	—		$	—	$	—	$	—	$	—	$	—	$	7,234	$	77	$	7,311
Gross charge-offs (a) (c)	$	—		$	—	$	—	$	—	$	—	$	—	$	133	$	19	$	152
Other consumer
Updated FICO scores
Greater than or equal to 780	$	135		$	248	$	125	$	80	$	74	$	280	$	34	$	—	$	976
720 to 779	152			250		124		62		41		97		61		—		787
660 to 719	120			171		98		43		24		43		67		—		566
Less than 660	19			54		40		20		12		20		37		—		202
No FICO score available or required (b)	2			5		5		2		1		1		—		—		16
Total loans using FICO credit metric	428			728		392		207		152		441		199		—		2,547
Other internal credit metrics	1			—		2		29		7		689		2,620		9		3,357
Total other consumer loans	$	429		$	728	$	394	$	236	$	159	$	1,130	$	2,819	$	9	$	5,904
Gross charge-offs (a) (c)	$	43	(d)	$	12	$	12	$	6	$	3	$	6	$	5	$	—	$	87


(Continued from previous page)	Term Loans by Origination Year
December 31, 2025 In millions	2025			2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Automobile
Updated FICO Scores
Greater than or equal to 780	$	4,241		$	1,991	$	1,022	$	608	$	387	$	85	$	—	$	—	$	8,334
720 to 779	2,394			1,216		609		322		178		52		—		—		4,771
660 to 719	883			668		387		199		104		39		—		—		2,280
Less than 660	236			352		292		167		100		59		—		—		1,206
Total automobile loans	$	7,754		$	4,227	$	2,310	$	1,296	$	769	$	235	$	—	$	—	$	16,591
Gross charge-offs (a)	$	9		$	38	$	39	$	20	$	11	$	13	$	—	$	—	$	130
Credit card
Updated FICO scores
Greater than or equal to 780	$	—		$	—	$	—	$	—	$	—	$	—	$	2,199	$	1	$	2,200
720 to 779	—			—		—		—		—		—		1,903		6		1,909
660 to 719	—			—		—		—		—		—		1,813		17		1,830
Less than 660	—			—		—		—		—		—		922		55		977
No FICO score available or required (b)	—			—		—		—		—		—		96		2		98
Total credit card loans	$	—		$	—	$	—	$	—	$	—	$	—	$	6,933	$	81	$	7,014
Gross charge-offs (a)	$	—		$	—	$	—	$	—	$	—	$	—	$	280	$	40	$	320
Other consumer
Updated FICO scores
Greater than or equal to 780	$	301		$	168	$	108	$	93	$	39	$	282	$	34	$	—	$	1,025
720 to 779	324			175		90		58		20		98		64		—		829
660 to 719	230			133		62		38		10		44		70		—		587
Less than 660	48			45		27		20		6		22		37		—		205
No FICO score available or required (b)	5			5		3		1		—		—		—		—		14
Total loans using FICO credit metric	908			526		290		210		75		446		205		—		2,660
Other internal credit metrics	6			5		18		7		10		703		2,296		7		3,052
Total other consumer loans	$	914		$	531	$	308	$	217	$	85	$	1,149	$	2,501	$	7	$	5,712
Gross charge-offs (a)	$	81	(d)	$	24	$	24	$	14	$	5	$	14	$	10	$	1	$	173

(a)Gross charge-offs are presented on a year-to-date basis, as of the period end date.

(b)Loans where FICO scores are not available or required generally refers to new accounts issued to borrowers with limited credit history, accounts for which we cannot obtain an updated FICO score (e.g., recent profile changes), cards issued with a business name and/or cards secured by collateral. Management proactively assesses the risk and size of this loan category and, when necessary, takes actions to mitigate the credit risk.

(d)Includes charge-offs of deposit overdrafts.

Financing Receivable, Modified

The following table presents the amortized cost basis, as of the period end date, of commercial FDMs granted during the three and six months ended June 30, 2026 and 2025:

Table 54: Commercial FDMs (a) (b)


Three months ended June 30 Dollars in millions	Term Extension		Payment Delay		Interest Rate Reduction and Term Extension		Payment Delay and Term Extension		Interest Rate Reduction, Payment Delay and Term Extension		Other		Total		% of Loan Class
2026
Commercial and industrial	$	356	$	116	$	1	$	1	$	—	$	96	$	570	0.25	%
Commercial real estate	729		32		—		—		—		—		761		2.12	%

Total commercial	$	1,085	$	148	$	1	$	1	$	—	$	96	$	1,331	0.50	%
2025
Commercial and industrial	$	550	$	37	$	1	$	17	$	—	$	7	$	612	0.32	%
Commercial real estate	268		35		—		—		—		—		303		0.97	%
Total commercial	$	818	$	72	$	1	$	17	$	—	$	7	$	915	0.40	%


Six months ended June 30 Dollars in millions	Term Extension		Payment Delay		Interest Rate Reduction and Term Extension		Payment Delay and Term Extension		Interest Rate Reduction, Payment Delay and Term Extension		Other		Total		% of Loan Class
2026
Commercial and industrial	$	579	$	132	$	2	$	12	$	—	$	96	$	821	0.36	%
Commercial real estate	955		50		—		44		—		—		1,049		2.92	%

Total commercial	$	1,534	$	182	$	2	$	56	$	—	$	96	$	1,870	0.71	%
2025
Commercial and industrial	$	788	$	31	$	2	$	24	$	14	$	54	$	913	0.48	%
Commercial real estate	550		35		—		—		—		14		599		1.92	%
Total commercial	$	1,338	$	66	$	2	$	24	$	14	$	68	$	1,512	0.67	%

(a)The unfunded lending related commitments on FDMs granted during the six months ended June 30, 2026 and 2025 were $0.6 billion and $0.4 billion, respectively.

(b)Excludes the amortized cost basis of modified loans that were paid off, charged off or otherwise liquidated as of the period end date.

Table 55 presents the weighted average financial effect of commercial FDMs granted during the three and six months ended June 30, 2026 and 2025:

Table 55: Financial Effect of Commercial FDMs (a)


Three months ended June 30 Dollars in millions	2026		2025
	Amortized cost basis (b)	Financial effect	Amortized cost basis (b)	Financial effect
Weighted-average term extension (months)
Commercial and industrial	$358	16	$568	11
Commercial real estate	$729	14	$268	16
Interest rate reduction
Commercial and industrial	$1	4.61%	$1	5.50%

Weighted-average payment delay (months)
Commercial and industrial	$117	4	$54	5
Commercial real estate	$32	6	$35	6


Six months ended June 30 Dollars in millions	2026		2025
	Amortized cost basis (b)	Financial effect	Amortized cost basis (b)	Financial effect
Weighted-average term extension (months)
Commercial and industrial	$593	15	$828	17
Commercial real estate	$999	15	$550	16
Interest rate reduction
Commercial and industrial	$2	4.07%	$16	1.17%

Weighted-average payment delay (months)
Commercial and industrial	$144	8	$69	12
Commercial real estate	$94	7	$35	6

(a)Excludes the financial effects of modifications for loans that were paid off, charged off or otherwise liquidated as of the period end date.

(b)The amortized cost basis presented in Table 55 includes combination modification categories in addition to the standalone modification categories presented in Table 54. Primarily due to this reason, the amortized cost basis presented in Table 55 may not agree to the amortized cost basis presented alongside the standalone modification categories in Table 54. Amortized cost basis is as of the period end date.

The following table presents the performance, as of the period end date, of commercial FDMs granted during the twelve months preceding June 30, 2026 and 2025:

Table 56: Delinquency Status of Commercial FDMs (a) (b)


Twelve months ended June 30 Dollars in millions	Current or Less Than 30 Days Past Due		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Nonperforming Loans		Total
2026
Commercial
Commercial and industrial	$	1,703	$	4	$	—	$	—	$	242	$	1,949
Commercial real estate	1,383		—		—		—		191		1,574

Total commercial	$	3,086	$	4	$	—	$	—	$	433	$	3,523
2025
Commercial
Commercial and industrial	$	1,118	$	9	$	4	$	—	$	106	$	1,237
Commercial real estate	711		—		—		—		301		1,012
Total commercial	$	1,829	$	9	$	4	$	—	$	407	$	2,249

(a)Represents amortized cost basis.

(b)Loans in our Payment Delay category are reported as past due in accordance with their contractual terms. Once contractually modified, these loans are reported as past due in accordance with their restructured terms.

The following table presents information about our consumer FDMs:

Table 57: Consumer FDMs (a)(b)


	Three months ended June 30						Six months ended June 30
Dollars in millions	2026			2025			2026			2025
Modifications by type (c)
Payment delay	$	59		$	65		$	93		$	91
Repayment plan	15			18			29			35
Other (d)	12			12			23			22
Total consumer	$	86		$	95		$	145		$	148
Percentage of portfolio segment	0.08		%	0.10		%	0.14		%	0.15		%
Financial effects (c) (e)
Weighted-average payment delay (months)	8			6			9			6


	Twelve months ended June 30
Dollars in millions	2026		2025
Delinquency status (f)
Current or less than 30 days past due	$	57	$	56
30-59 days past due	4		4
60-89 days past due	3		4
90 days or more past due	6		7
Nonperforming loans	155		167
Total	$	225	$	238

(a)Represents amortized cost basis.

(b)The unfunded lending related commitments on consumer FDMs granted were immaterial during the three and six months ended June 30, 2026 and 2025.

(c)Excludes the amortized cost basis and financial effect of modified loans that were paid off, charged-off or otherwise liquidated as of the period end date.

(d)Represents all other modifications and includes trial modifications and loans where we have received notification that a borrower has filed for Chapter 7 bankruptcy relief, but specific instructions as to the terms of the relief have not been formally ruled upon by the court.

(e)Repayment plans are excluded from financial effects because of varying terms offered in these plans. Credit card and unsecured lines of credit programs both offer short-term and fully-amortized repayment plans, impacting terms and interest rates. Home equity programs offer a fixed payment plan, establishing a modified monthly payment based primarily on the borrower’s financial situation and the current market environment.

(f)Loans in our Payment Delay category are reported as past due in accordance with their contractual terms. Once contractually modified, these loans are reported as past due in accordance with their restructured terms.

Rollforward of Allowance for Credit Losses

We maintain the ACL related to loans at levels that we believe to be appropriate to absorb expected credit losses in the portfolios as of the balance sheet date. See Note 1 Accounting Policies in our 2025 Form 10-K for a discussion of the methodologies used to determine this allowance. A rollforward of the ACL related to loans follows:

Table 58: Rollforward of Allowance for Credit Losses


	Three months ended June 30												Six months ended June 30
	2026						2025						2026						2025
In millions	Commercial		Consumer		Total		Commercial		Consumer		Total		Commercial		Consumer		Total		Commercial		Consumer		Total
Allowance for loan and lease losses
Beginning balance	$	3,269	$	1,394	$	4,663	$	3,205	$	1,339	$	4,544	$	3,089	$	1,321	$	4,410	$	3,148	$	1,338	$	4,486
Acquisition PCD reserves	—		—		—		—		—		—		53		40		93		—		—		—
Acquisition PSL reserves	—		—		—		—		—		—		184		45		229		—		—		—
Beginning balance, adjusted	3,269		1,394		4,663		3,205		1,339		4,544		3,326		1,406		4,732		3,148		1,338		4,486
Charge-offs	(165)		(159)		(324)		(163)		(161)		(324)		(313)		(320)		(633)		(294)		(342)		(636)
Recoveries	36		62		98		61		65		126		74		125		199		108		125		233
Acquired loan charge-offs (a)	—		—		—		—		—		—		(10)		(35)		(45)		—		—		—
Net (charge-offs)	(129)		(97)		(226)		(102)		(96)		(198)		(249)		(230)		(479)		(186)		(217)		(403)
Provision for credit losses	114		99		213		121		50		171		181		220		401		259		172		431
Other	—		2		2		6		—		6		(4)		2		(2)		9		—		9
Ending balance	$	3,254	$	1,398	$	4,652	$	3,230	$	1,293	$	4,523	$	3,254	$	1,398	$	4,652	$	3,230	$	1,293	$	4,523
Allowance for unfunded lending related commitments (b)
Beginning balance	$	693	$	139	$	832	$	528	$	146	$	674	$	681	$	137	$	818	$	580	$	139	$	719
Provision for (recapture of) credit losses	(23)		3		(20)		87		(3)		84		(11)		5		(6)		34		4		38
Other	—		(3)		(3)		1		—		1		—		(3)		(3)		2		—		2
Ending balance	$	670	$	139	$	809	$	616	$	143	$	759	$	670	$	139	$	809	$	616	$	143	$	759
Allowance for credit losses at June 30 (c)	$	3,924	$	1,537	$	5,461	$	3,846	$	1,436	$	5,282	$	3,924	$	1,537	$	5,461	$	3,846	$	1,436	$	5,282

(a)Amounts for the six months ended June 30, 2026 include $45 million attributable to FirstBank, which represents the charge-off of certain loans previously charged off by FirstBank, which were written up upon acquisition to unpaid principal balance as required by purchase accounting.

(b)See Note 9 Commitments for additional information about the underlying commitments related to this allowance.

(c)Represents the ALLL plus allowance for unfunded lending related commitments and excludes allowances for investment securities and other financial assets, which together totaled $99 million and $88 million at June 30, 2026 and 2025, respectively.