v3.26.1
Goodwill and Mortgage Servicing Rights (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Mortgage Servicing Rights
Changes in the commercial and residential MSRs follow:

Table 62: Mortgage Servicing Rights
Commercial MSRsResidential MSRs
In millions202620252026 2025
January 1 $1,021 $1,085 $2,638 $2,626 
Additions:
FirstBank Acquisition— — 10 — 
From loans sold with servicing retained26 24 20 14 
Purchases31 45 240 1 
Changes in fair value due to:
Time and payoffs (a)(146)(155)(155)(127)
Other (b)107 11 9 (57)
June 30$1,039 $1,010 $2,762 $2,457 
Related unpaid principal balance of loans serviced at June 30$294,011 $294,675 $208,949 $189,216 
Servicing advances June 30$690 $707 $103 $110 
(a)Represents decrease in MSR value due to passage of time, which includes the impact from regularly scheduled loan principal payments, prepayments and loans that were paid off during the period.
(b)Includes MSR value changes resulting from changes in interest rates and other market-driven conditions.
Commercial Mortgage Loan Servicing Assets - Key Valuation Assumptions
The following tables set forth the fair value of commercial and residential MSRs and the sensitivity analysis of the hypothetical effect on the fair value of MSRs to immediate adverse changes of 10% and 20% in those assumptions.

Table 63: Commercial Mortgage Servicing Rights – Key Valuation Assumptions
Dollars in millionsJune 30, 2026December 31, 2025
Fair value$1,039 $1,021
Weighted-average life (years)3.63.8
Weighted-average constant prepayment rate4.51%4.43 %
Decline in fair value from 10% adverse change$7 $8
Decline in fair value from 20% adverse change$15 $16
Effective discount rate10.94%10.60 %
Decline in fair value from 10% adverse change$31 $30
Decline in fair value from 20% adverse change$61 $61
Residential Mortgage Loan Servicing Assets - Key Valuation Assumptions
Table 64: Residential Mortgage Servicing Rights – Key Valuation Assumptions
Dollars in millions
June 30, 2026December 31, 2025
Fair value$2,762 $2,638 
Weighted-average life (years)7.47.7
Weighted-average constant prepayment rate6.77%6.73%
Decline in fair value from 10% adverse change$65 $64 
Decline in fair value from 20% adverse change$125 $124 
Weighted-average option adjusted spread708 bps734 bps
Decline in fair value from 10% adverse change$80 $82 
Decline in fair value from 20% adverse change$156 $159