v3.26.1
Loans and Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Loans and Leases by Portfolio Segment
The following table provides the amortized cost basis of loans and leases by portfolio segment and class as of June 30, 2026 and December 31, 2025, excluding accrued interest of $249 million and $257 million, respectively, which is included in other assets in the Consolidated Balance Sheets.
LOANS AND LEASES BY PORTFOLIO SEGMENT
(Dollars in millions)June 30, 2026December 31, 2025
Commercial:
Commercial and industrial (a)$32,537 $31,202 
Loans to mortgage companies4,759 4,703 
   Total commercial, financial, and industrial 37,296 35,905 
Commercial real estate13,595 13,563 
Consumer:
HELOC2,163 2,164 
Real estate installment loans11,706 11,944 
   Total consumer real estate13,869 14,108 
Credit card and other (b)570 580 
Loans and leases$65,330 $64,156 
Allowance for loan and lease losses(709)(738)
Net loans and leases$64,621 $63,418 
(a)Includes equipment financing leases of $1.5 billion for both June 30, 2026 and December 31, 2025.
(b)Includes $153 million and $143 million of commercial credit card balances as of June 30, 2026 and December 31, 2025, respectively.
Schedule of Financing Receivable Credit Quality Indicators
The following tables provide the amortized cost basis of the commercial loan portfolio by year of origination and
credit quality indicator as of June 30, 2026 and December 31, 2025.
C&I PORTFOLIO
June 30, 2026
(Dollars in millions)20262025202420232022Prior to 2022LMC (a)Revolving
 Loans		Revolving Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12)$2,964 $4,743 $2,494 $2,247 $2,812 $5,504 $4,737 $9,995 $225 $35,721 
Special Mention (PD grade 13)2 19 59 62 30 70 22 99 9 372 
Substandard, Doubtful, or Loss (PD grades 14, 15, and 16)16 96 100 112 242 324 — 308 5 1,203 
Total C&I loans$2,982 $4,858 $2,653 $2,421 $3,084 $5,898 $4,759 $10,402 $239 $37,296 
December 31, 2025
(Dollars in millions)20252024202320222021Prior to 2021LMC (a)Revolving
 Loans		Revolving Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12)$4,492 $5,124 $2,012 $2,706 $1,749 $3,997 $4,703 $9,448 $210 $34,441 
Special Mention (PD grade 13)7 55 42 78 30 61 — 123 6 402 
Substandard, Doubtful, or Loss (PD grades 14, 15, and 16)52 86 92 207 152 182 — 283 8 1,062 
Total C&I loans$4,551 $5,265 $2,146 $2,991 $1,931 $4,240 $4,703 $9,854 $224 $35,905 
(a) LMC includes non-revolving commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower's sale of those mortgage loans to third-party investors. The loans are of short duration with maturities less than one year.


CRE PORTFOLIO
June 30, 2026
(Dollars in millions)20262025202420232022Prior to 2022Revolving
 Loans		Revolving Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12) $1,022 $1,672 $978 $1,473 $2,086 $4,925 $305 $59 $12,520 
Special Mention (PD grade 13)— — — 36 10 49 — — 95 
Substandard, Doubtful, or Loss (PD grades 14, 15, and 16)— — 13 85 478 370 34 — 980 
Total CRE loans$1,022 $1,672 $991 $1,594 $2,574 $5,344 $339 $59 $13,595 

December 31, 2025
(Dollars in millions)20252024202320222021Prior to 2021Revolving
 Loans		Revolving Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12)$1,362 $1,011 $1,726 $2,314 $1,873 $3,457 $293 $93 $12,129 
Special Mention (PD grade 13)— — 1 191 92 88 33 — 405 
Substandard, Doubtful, or Loss (PD grades 14, 15, and 16)10 11 9 480 152 321 46 — 1,029 
Total CRE loans$1,372 $1,022 $1,736 $2,985 $2,117 $3,866 $372 $93 $13,563 
The following table reflects the amortized cost basis by year of origination and refreshed FICO scores for consumer
real estate loans as of June 30, 2026 and December 31, 2025. Within consumer real estate, classes include HELOC and real estate installment loans. HELOCs are loans which during their draw period are classified as revolving loans. Once the draw period ends and the loan enters its repayment period, the loan converts to a term loan and is classified as a revolving loan converted to a term loan. All loans classified in the following table as revolving loans or revolving loans converted to term loans are HELOCs. Real estate installment loans are originated as fixed term loans and are classified below in their vintage year. All loans in the following table classified in a vintage year are real estate installment loans.
CONSUMER REAL ESTATE PORTFOLIO
June 30, 2026
(Dollars in millions)20262025202420232022Prior to 2022Revolving LoansRevolving Loans Converted to Term LoansTotal
FICO score 740 or greater$529 $919 $918 $1,316 $1,984 $3,778 $1,510 $77 $11,031 
FICO score 720-73952 83 65 86 85 231 162 12 776 
FICO score 700-71936 64 40 86 88 210 127 11 662 
FICO score 660-69926 76 60 68 106 224 135 21 716 
FICO score 620-6598 33 27 30 34 116 38 11 297 
FICO score less than 620 10 22 27 44 43 182 37 22 387 
Total consumer real estate loans$661 $1,197 $1,137 $1,630 $2,340 $4,741 $2,009 $154 $13,869 
December 31, 2025
(Dollars in millions)20252024202320222021Prior to 2021Revolving LoansRevolving Loans Converted
to Term Loans		Total
FICO score 740 or greater$920 $922 $1,330 $1,830 $1,430 $1,924 $1,551 $75 $9,982 
FICO score 720-739119 139 173 250 193 324 182 17 1,397 
FICO score 700-71994 90 125 202 159 250 134 14 1,068 
FICO score 660-69992 128 145 163 90 268 115 19 1,020 
FICO score 620-6599 11 10 16 18 102 22 5 193 
FICO score less than 620 25 25 20 19 23 306 15 15 448 
Total consumer real estate loans$1,259 $1,315 $1,803 $2,480 $1,913 $3,174 $2,019 $145 $14,108 
The following table reflects the amortized cost basis by year of origination and refreshed FICO scores for credit
card and other loans as of June 30, 2026 and December 31, 2025.
CREDIT CARD & OTHER PORTFOLIO
June 30, 2026
(Dollars in millions)20262025202420232022Prior to 2022Revolving LoansRevolving Loans Converted to Term LoansTotal
FICO score 740 or greater$7 $19 $7 $8 $3 $14 $192 $8 $258 
FICO score 720-7395 2 1 — 1 3 23 — 35 
FICO score 700-7191 2 1 1 — 2 24 2 33 
FICO score 660-699— 2 1 1 — 3 23 1 31 
FICO score 620-659— 1 — — — 1 8 1 11 
FICO score less than 620 8 6 4 3 2 45 133 1 202 
Total credit card and other loans$21 $32 $14 $13 $6 $68 $403 $13 $570 
December 31, 2025
(Dollars in millions)20252024202320222021Prior to 2021Revolving LoansRevolving Loans Converted
to Term Loans		Total
FICO score 740 or greater$25 $8 $8 $3 $2 $8 $197 $6 $257 
FICO score 720-7392 1 1 — — 1 13 1 19 
FICO score 700-7192 1 — 1 — — 12 1 17 
FICO score 660-6991 — — — — 1 6 1 9 
FICO score 620-6591 1 — — — — 7 1 10 
FICO score less than 620 5 4 4 3 2 48 202 — 268 
Total credit card and other loans$36 $15 $13 $7 $4 $58 $437 $10 $580 
Schedule of Accruing and Non-Accruing Loans by Class
The following table reflects accruing and non-accruing loans and leases by class on June 30, 2026 and December 31, 2025.
ACCRUING & NON-ACCRUING LOANS AND LEASES
June 30, 2026
AccruingNon-Accruing
(Dollars in millions)Current30-89
Days
Past Due		90+
Days
Past Due		Total
Accruing		Current30-89
Days
Past Due		90+
Days
Past Due		Total
Non-
Accruing		Total
Loans and Leases
Commercial, financial, and industrial:
C&I (a) $32,299 $32 $1 $32,332 $123 $22 $60 $205 $32,537 
Loans to mortgage companies4,758 1 — 4,759 — — — — 4,759 
Total commercial, financial, and industrial37,057 33 1 37,091 123 22 60 205 37,296 
Commercial real estate:
CRE (b)13,400 11 — 13,411 173 — 11 184 13,595 
Consumer real estate:
HELOC (c)2,114 10 — 2,124 19 9 11 39 2,163 
Real estate installment loans (d)11,572 32 — 11,604 37 22 43 102 11,706 
Total consumer real estate13,686 42 — 13,728 56 31 54 141 13,869 
Credit card and other:
Credit card230 3 1 234 — — — — 234 
Other333 2 — 335 1 — — 1 336 
Total credit card and other563 5 1 569 1 — — 1 570 
Total loans and leases$64,706 $91 $2 $64,799 $353 $53 $125 $531 $65,330 
December 31, 2025
AccruingNon-Accruing
(Dollars in millions)Current30-89
Days
Past Due		90+
Days
Past Due		Total
Accruing		Current30-89
Days
Past Due		90+
Days
Past Due		Total
Non-
Accruing		Total
Loans and Leases
Commercial, financial, and industrial:
C&I (a) $30,943 $34 $1 $30,978 $120 $35 $69 $224 $31,202 
Loans to mortgage companies4,703 — — 4,703 — — — — 4,703 
Total commercial, financial, and industrial35,646 34 1 35,681 120 35 69 224 35,905 
Commercial real estate:
CRE (b)13,321 3 — 13,324 218 11 10 239 13,563 
Consumer real estate:
HELOC (c)2,115 14 — 2,129 17 7 11 35 2,164 
Real estate installment loans (d)11,806 27 6 11,839 40 9 56 105 11,944 
Total consumer real estate13,921 41 6 13,968 57 16 67 140 14,108 
Credit card and other:
Credit card224 3 1 228 — — — — 228 
Other349 2 — 351 — — 1 1 352 
Total credit card and other573 5 1 579 — — 1 1 580 
Total loans and leases$63,461 $83 $8 $63,552 $395 $62 $147 $604 $64,156 
(a)    $182 million and $211 million of C&I loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance in 2026 and 2025, respectively.
(b)    $183 million and $238 million of CRE loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance in 2026 and 2025, respectively.
(c)    $4 million and $3 million of HELOC loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance in 2026 and 2025, respectively.
(d)    $8 million of real estate installment loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance in both 2026 and 2025.
Schedule of Financing Receivables Loans Modified
The following table presents the amortized cost basis at the end of the reporting period of loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of modification made as of June 30, 2026 and June 30, 2025.
LOAN MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY
Amortized Cost
(Dollars in millions)Interest Rate ReductionTerm ExtensionPrincipal Forgiven/Payment DeferredCombination (a)Total% of Total Class
As of June 30, 2026
C&I$— $104 $— $21 $125 0.34 %
CRE— 38 — 2 40 0.29 
Consumer real estate— — 2 — 2 0.01 
Total$— $142 $2 $23 $167 0.26 %
As of June 30, 2025
C&I$— $122 $— $— $122 0.36 %
CRE47 124 — 33 204 1.46 
Consumer real estate— — — 1 1 0.01 
Total$47 $246 $— $34 $327 0.52 %
(a) Combination modifications consist primarily of loans modified with both an interest rate reduction and a term extension.

The following table describes the financial effect of the loan modifications made to borrowers experiencing financial difficulty.

FINANCIAL EFFECT OF LOAN MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY (a)
Combination
(Dollars in millions)Weighted-average Interest Rate ReductionWeighted-average Term Extension (in years)Amount of Principal Forgiven/Payment DeferredWeighted-average Interest Rate ReductionWeighted-average Term Extension (in years)
As of June 30, 2026
C&I— %1.12$— 0.04 %1.27
CRE— 1.68— 0.67 4.63
Consumer real estate— 0.002 — 0.00
As of June 30, 2025
C&I— %1.10$— — %0.00
CRE0.65 1.30— 0.96 2.00
Consumer real estate— 0.00— 4.08 11.20
(a) Certain disclosures related to financial effects of modifications do not include those deemed to be immaterial.
Schedule of Financing Receivable, Performance of Modified Loan
The following table depicts the performance of loans that have been modified in the last 12 months.
PERFORMANCE OF LOANS THAT HAVE BEEN MODIFIED IN THE LAST 12 MONTHS
June 30, 2026
(Dollars in millions)Current30-89 Days Past Due90+ Days Past DueNon-AccruingTotal
C&I$152 $7 $— $19 $178 
CRE104 — — 38 142 
Consumer Real Estate1 — — 3 4 
Total$257 $7 $— $60 $324 
June 30, 2025
(Dollars in millions)Current30-89 Days Past Due90+ Days Past DueNon-AccruingTotal
C&I$127 $8 $— $27 $162 
CRE247 — — 148 395 
Consumer Real Estate1 — — 1 2 
Total$375 $8 $— $176 $559