| Loans |
Loans Loan accounting framework The accounting for a loan depends on management’s strategy for the loan. The Firm accounts for loans based on the following categories: •Originated or purchased loans held-for-investment (i.e., “retained”) •Loans held-for-sale •Loans at fair value Refer to Note 12 of JPMorganChase's 2025 Form 10-K for a detailed discussion of loans, including accounting policies. Refer to Note 3 of this Form 10-Q for further information on the Firm's elections of fair value accounting under the fair value option. Refer to Note 2 of this Form 10-Q for information on loans carried at fair value and classified as trading assets. Loan portfolio The Firm’s loan portfolio is divided into three portfolio segments, which are the same segments used by the Firm to determine the allowance for loan losses: Consumer, excluding credit card; Credit card; and Wholesale. Within each portfolio segment the Firm monitors and assesses the credit risk in the following classes of loans, based on the risk characteristics of each loan class. | | | | | | | | | | | | | | | Consumer, excluding
credit card | | Credit card | | Wholesale(c)(d) | • Residential real estate(a) • Auto and other(b) | | • Credit card loans | | • Secured by real estate • Commercial and industrial • Other(e) |
(a)Includes scored mortgage and home equity loans held in CCB and AWM, and scored mortgage loans held in CIB. (b)Includes scored auto, business banking and consumer unsecured loans as well as overdrafts, primarily in CCB. (c)Includes loans held in CIB, AWM, Corporate, and risk-rated exposure held in CCB, for which the wholesale methodology is applied when determining the allowance for loan losses. (d)The wholesale portfolio segment's classes align with loan classifications as defined by the Federal Reserve Board ("FRB") in effect at each period presented, based on the loan's collateral, purpose, and type of borrower. (e)Includes loans to financial institutions, personal investment companies and trusts, individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB), states and political subdivisions, nonprofits, as well as loans to SPEs. Refer to Note 14 of JPMorganChase’s 2025 Form 10-K for more information on SPEs. The following tables summarize the Firm’s loan balances by portfolio segment. | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 (in millions) | Consumer, excluding credit card | | Credit card | | Wholesale | | Total(a)(b) | | | Retained | $ | 367,128 | | | $ | 249,876 | | | $ | 846,804 | | | $ | 1,463,808 | | | | Held-for-sale | 578 | | | — | | | 15,187 | | | 15,765 | | | | At fair value | 24,037 | | | — | | | 38,852 | |
| 62,889 | | | | Total | $ | 391,743 | | | $ | 249,876 | | | $ | 900,843 | | | $ | 1,542,462 | | | | | | | | | | | | December 31, 2025 (in millions) | Consumer, excluding credit card | | Credit card | | Wholesale | | Total(a)(b) | | | Retained | $ | 368,741 | | | $ | 247,797 | | | $ | 792,367 | | | $ | 1,408,905 | | | | Held-for-sale | 334 | | | — | | | 13,506 | | | 13,840 | | | | At fair value | 33,183 | | | — | | | 37,501 | | | 70,684 | | | | Total | $ | 402,258 | | | $ | 247,797 | | | $ | 843,374 | | | $ | 1,493,429 | | |
(a)Excludes $7.0 billion of accrued interest receivables at both June 30, 2026 and December 31, 2025. The Firm wrote off accrued interest receivables of $14 million and $35 million for the three months ended June 30, 2026 and 2025, respectively, and $31 million and $64 million for the six months ended June 30, 2026 and 2025, respectively. (b)Loans (other than those for which the fair value option has been elected) are presented net of unamortized discounts and premiums and net deferred loan fees or costs, which were not material as of June 30, 2026 and December 31, 2025. For the discount associated with First Republic loans, refer to Note 34 of JPMorganChase’s 2025 Form 10-K. The following tables provide information about the amounts paid or received for retained loans purchased and sold during the periods indicated. Retained loans reclassified to held-for-sale during the periods indicated are reported at the lower of cost or market value on the date of transfer. Loans that were reclassified to held-for-sale and sold in a subsequent period are excluded from the sales line of these tables. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2026 | | 2025 | Three months ended June 30,
(in millions) | Consumer, excluding
credit card | Credit card | Wholesale | Total | | Consumer, excluding
credit card | Credit card | Wholesale | Total | | Purchases | $ | 205 | | (b)(c) | $ | — | | $ | 77 | | $ | 282 | | | $ | 158 | | (b)(c) | $ | — | | $ | 203 | | $ | 361 | | | Sales | 1,014 | | | — | | 16,167 | | 17,181 | | | — | | | — | | 13,365 | | 13,365 | | Retained loans reclassified to held-for-sale(a) | 356 | | | — | | 258 | | 614 | | | 187 | |
| — | | 434 | | 621 | | | | | | | | | | | | | | | 2026 | | 2025 | Six months ended June 30, (in millions) | Consumer, excluding
credit card | Credit card | Wholesale | Total | | Consumer, excluding
credit card | Credit card | Wholesale | Total | | Purchases | $ | 396 | | (b)(c) | $ | — | | $ | 207 | | $ | 603 | | | $ | 285 | | (b)(c) | $ | — | | $ | 333 | | $ | 618 | | | Sales | 1,014 | | | — | | 27,440 | | 28,454 | | | — | | | — | | 25,080 | | 25,080 | | Retained loans reclassified to held-for-sale(a) | 411 | | | — | | 604 | | 1,015 | | | 231 | | | — | | 787 | | 1,018 | |
(a)Reclassifications of loans to held-for-sale are non-cash transactions. (b)Includes purchases of residential real estate loans, including the Firm’s voluntary repurchases of certain delinquent loans from loan pools as permitted by Government National Mortgage Association (“Ginnie Mae”) guidelines. The Firm typically elects to repurchase these delinquent loans as it continues to service them and/or manage the foreclosure process in accordance with applicable requirements of Ginnie Mae, FHA, RHS, and/or VA. (c)Excludes purchases of retained loans of $475 million and $746 million for the three months ended June 30, 2026 and 2025, respectively, and $1.4 billion and $962 million for the six months ended June 30, 2026 and 2025, respectively, which are predominantly sourced through the correspondent origination channel and underwritten in accordance with the Firm’s standards. Gains and losses on sales of loans The following table provides information on the net gains/(losses) on sales of loans and lending-related commitments (including adjustments to record loans and lending-related commitments held-for-sale at the lower of cost or fair value), which were recognized in noninterest revenue. In addition, the sale of loans may also result in write downs, recoveries or changes in the allowance recognized in the provision for credit losses. | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | (in millions) | 2026 | 2025 | | 2026 | 2025 | Net gains/(losses) on sales of loans and lending-related commitments(a) | $ | 118 | | $ | 113 | | | $ | 67 | | $ | 43 | |
(a)Includes $(12) million and $106 million related to loans for the three months ended June 30, 2026 and 2025, respectively, and $60 million and $36 million for the six months ended June 30, 2026 and 2025, respectively. Consumer, excluding credit card loan portfolio Consumer loans, excluding credit card loans, consist primarily of scored residential mortgages, home equity loans and lines of credit, auto and business banking loans, with a focus on serving the prime consumer credit market. These loans include home equity loans secured by junior liens and prime mortgage loans with an interest-only payment period. The following table provides information about retained consumer loans, excluding credit card, by class. | | | | | | | | | | | | | (in millions) | June 30,
2026 | | December 31,
2025 | | Residential real estate | $ | 300,664 | | | $ | 303,531 | | | Auto and other | 66,464 | | | 65,210 | | | Total retained loans | $ | 367,128 | | | $ | 368,741 | |
Delinquency rates are the primary credit quality indicator for consumer loans. Refer to Note 12 of JPMorganChase's 2025 Form 10-K for further information on consumer credit quality indicators. Residential real estate Delinquency is the primary credit quality indicator for retained residential real estate loans. The following tables provide information on delinquency and gross charge-offs. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of or for the six months ended June 30, 2026 (in millions, except ratios) | Term loans by origination year(c) | | Revolving loans | Total | | 2026 | 2025 | 2024 | 2023 | 2022 | Prior to 2022 | | Within the revolving period | Converted to term loans | Loan delinquency(a) | | | | | | | | | | | Current | $ | 11,449 | $ | 20,091 | $ | 8,584 | $ | 13,082 | $ | 55,208 | $ | 176,983 | | $ | 6,867 | | $ | 6,035 | | $ | 298,299 | | | 30–149 days past due | 2 | 24 | 39 | 42 | 136 | 794 | | 24 | | 166 | | 1,227 | | | 150 or more days past due | — | 5 | 11 | 40 | 205 | 768 | | 7 | | 102 | | 1,138 | | Total retained loans | $ | 11,451 | | $ | 20,120 | | $ | 8,634 | | $ | 13,164 | | $ | 55,549 | | $ | 178,545 | | | $ | 6,898 | | $ | 6,303 | | $ | 300,664 | | % of 30+ days past due to total retained loans(b) | 0.02 | % | 0.14 | % | 0.58 | % | 0.62 | % | 0.61 | % | 0.87 | % | | 0.45 | % | 4.25 | % | 0.78 | % | | Gross charge-offs | $ | — | | $ | — | | $ | — | | $ | 2 | | $ | 3 | | $ | 10 | | | $ | 5 | | $ | 2 | | $ | 22 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term loans by origination year(c) | | Revolving loans | | Total | As of or for the year ended December 31, 2025 (in millions, except ratios) | 2025 | 2024 | 2023 | 2022 | 2021 | Prior to 2021 | | Within the revolving period | Converted to term loans | | Loan delinquency(a) | | | | | | | | | | | | | Current | $ | 21,179 | $ | 9,894 | $ | 14,334 | $ | 57,258 | $ | 74,916 | $ | 110,489 | | $ | 6,644 | $ | 6,246 | | $ | 300,960 | | 30–149 days past due | 4 | 16 | 36 | 98 | 99 | 770 | | 27 | 184 | | 1,234 | | 150 or more days past due | — | 12 | 68 | 242 | 231 | 653 | | 12 | 119 | | 1,337 | Total retained loans | $ | 21,183 | $ | 9,922 | $ | 14,438 | $ | 57,598 | $ | 75,246 | $ | 111,912 | | $ | 6,683 | $ | 6,549 | | $ | 303,531 | % of 30+ days past due to total retained loans(b) | 0.02 | % | 0.28 | % | 0.72 | % | 0.59 | % | 0.44 | % | 1.26 | % | | 0.58 | % | 4.63 | % | | 0.84 | % | Gross charge-offs | $ | — | | $ | 2 | | $ | 4 | | $ | 7 | | $ | 10 | | $ | 9 | | | $ | 22 | | $ | 4 | | | $ | 58 | |
(a)Individual delinquency classifications include mortgage loans insured by U.S. government agencies which were not material at June 30, 2026 and December 31, 2025. (b)Excludes mortgage loans that are 30 or more days past due insured by U.S. government agencies which were not material at June 30, 2026 and December 31, 2025. These amounts have been excluded based upon the government guarantee. (c)Purchased loans are included in the year in which they were originated. Approximately 36% of the total revolving loans are senior lien loans; the remaining balance are junior lien loans. The lien position the Firm holds is considered in the Firm’s allowance for credit losses. Revolving loans that have been converted to term loans have higher delinquency rates than those that are still within the revolving period. That is primarily because the fully-amortizing payment that is generally required for those products is higher than the minimum payment options available for revolving loans within the revolving period. Nonaccrual loans and other credit quality indicators The following table provides information on nonaccrual and other credit quality indicators for retained residential real estate loans. | | | | | | | | | | | | | | | (in millions, except weighted-average data) | June 30, 2026 | | December 31, 2025 | | | Nonaccrual loans(a)(b)(c)(d) | $ | 3,615 | | | $ | 3,632 | | | | | | | | | | Current estimated LTV ratios(e)(f)(g) | | | | | | Greater than 125% and refreshed FICO scores: | | | | | | | Equal to or greater than 660 | $ | 109 | | | $ | 71 | | | | | Less than 660 | 4 | | | 4 | | | | | Greater than 100% but less than or equal to 125% and refreshed FICO scores: | | | | | | | Equal to or greater than 660 | 213 | | | 282 | | | | | Less than 660 | 5 | | | 5 | | | | | Greater than 80% but less than or equal to 100% and refreshed FICO scores: | | | | | | | Equal to or greater than 660 | 6,958 | | | 5,990 | | | | | Less than 660 | 118 | | | 131 | | | | | Less than or equal to 80% and refreshed FICO scores: | | | | | | | Equal to or greater than 660 | 284,082 | | | 287,923 | | | | | Less than 660 | 8,463 | | | 8,435 | | | | No FICO/LTV available(h) | 712 | | | 690 | | | | Total retained loans | $ | 300,664 | | | $ | 303,531 | | | | | | | | | | Weighted-average LTV ratio(e)(i) | 47 | % | | 48 | % | | | Weighted-average FICO(f)(i) | 776 | | | 775 | | | | | | | | | | Geographic region(h)(j) | | | | | | | California | $ | 115,325 | | | $ | 117,500 | | | | | New York | 46,074 | | | 46,378 | | | | | Florida | 22,054 | | | 21,864 | | | | | Texas | 14,422 | | | 14,398 | | | | | Massachusetts | 12,837 | | | 12,985 | | | | | Colorado | 10,423 | | | 10,316 | | | | | Washington | 9,182 | | | 9,408 | | | | | Illinois | 8,912 | | | 9,152 | | | | | New Jersey | 7,464 | | | 7,486 | | | | | Connecticut | 6,787 | | | 6,823 | | | | | All other | 47,184 | | | 47,221 | | | | Total retained loans | $ | 300,664 | | | $ | 303,531 | | | |
(a)Includes collateral-dependent residential real estate loans that are charged down to the fair value of the underlying collateral less costs to sell. The Firm reports, in accordance with regulatory guidance, residential real estate loans that have been discharged under Chapter 7 bankruptcy and not reaffirmed by the borrower (“Chapter 7 loans”) as collateral-dependent nonaccrual loans, regardless of their delinquency status. At June 30, 2026, approximately 12% of Chapter 7 residential real estate loans were 30 days or more past due. (b)Mortgage loans insured by U.S. government agencies excluded from nonaccrual loans were not material at June 30, 2026 and December 31, 2025. (c)Generally, all consumer nonaccrual loans have an allowance. In accordance with regulatory guidance, certain nonaccrual loans that are considered collateral-dependent have been charged down to the lower of amortized cost or the fair value of their underlying collateral less costs to sell. If the value of the underlying collateral improves subsequent to charge down, the related allowance may be negative. (d)Interest income on nonaccrual loans recognized on a cash basis was $37 million for each of the three months ended June 30, 2026 and 2025, and $73 million and $74 million for the six months ended June 30, 2026 and 2025, respectively. (e)Represents the aggregate unpaid principal balance of loans divided by the estimated current property value. Current property values are estimated, at a minimum, quarterly, based on home valuation models using nationally recognized home price index valuation estimates incorporating actual data to the extent available and forecasted data where actual data is not available. Current estimated combined LTV for junior lien home equity loans considers all available lien positions, as well as unused lines, related to the property. (f)Refreshed FICO scores represent each borrower’s most recent credit score, which is obtained by the Firm on at least a quarterly basis. (g)Includes residential real estate loans, primarily held in LLCs in AWM that did not have a refreshed FICO score. These loans have been included in a FICO band based on management’s estimation of the borrower’s credit quality. (h)Included U.S. government-guaranteed loans as of June 30, 2026 and December 31, 2025. (i)Excludes loans with no FICO and/or LTV data available. (j)The geographic regions presented in the table are ordered based on the magnitude of the corresponding loan balances at June 30, 2026. Loan modifications The Firm grants certain modifications of residential real estate loans to borrowers experiencing financial difficulty. The Firm's proprietary modification programs as well as government programs, including U.S. GSE programs, that generally provide various modifications to borrowers experiencing financial difficulty including, but not limited to, interest rate reductions, term extensions, other-than-insignificant payment deferral and principal forgiveness that would otherwise have been required under the terms of the original agreement, are considered FDMs. Refer to Note 12 of JPMorganChase's 2025 Form 10-K for further information. Financial effects of FDMs For the three and six months ended June 30, 2026, retained residential real estate FDMs were $49 million and $196 million, respectively, which included $23 million and $152 million, respectively, of FDMs in the form of other-than-insignificant payment deferrals, driven by the forbearance activities related to California wildfires. For the three and six months ended June 30, 2026, the financial effects of the remaining FDMs, which were primarily in the form of term extensions and interest rate reductions, included extending the weighted-average life of the loans by approximately 20 years and 19 years, respectively, and reducing the weighted-average contractual interest rate from 7.33% to 6.74%, and from 7.36% to 6.70%, respectively. For the three and six months ended June 30, 2025, retained residential real estate FDMs were $923 million and $977 million, respectively, which included $887 million and $902 million, respectively, of FDMs in the form of other-than-insignificant payment deferrals, driven by the forbearance activities related to California wildfires. For the three and six months ended June 30, 2025, the financial effects of the remaining FDMs, which were in the form of term extensions and interest rate reductions, included extending the weighted-average life of the loans by approximately 15 years and 16 years, respectively, and reducing the weighted-average contractual interest rate from 7.17% to 5.65% and 7.25% to 5.82%, respectively. As of June 30, 2026 and December 31, 2025, additional unfunded commitments to lend to borrowers experiencing financial difficulty whose loans have been modified as FDMs were not material. For the three and six months ended June 30, 2026 and 2025, loans subject to a trial modification, where the terms of the loans have not been permanently modified, and Chapter 7 loans were not material. Payment status of FDMs The following table provides information on the payment status of retained residential real estate FDMs during the twelve months ended June 30, 2026 and 2025. | | | | | | | | | | |
(in millions) | Amortized cost basis | | | Twelve months ended June 30, | | | | 2026 | 2025 | | | Current | $ | 310 | | $ | 323 | | | | 30-149 days past due | 64 | | 630 | | | | 150 or more days past due | 58 | | 126 | | | | | Total | $ | 432 | | $ | 1,079 | | | |
Defaults of FDMs
For the three and six months ended June 30, 2026 and June 30, 2025, defaults of retained residential real estate FDMs that had been modified within twelve months were not material. Active and suspended foreclosure At June 30, 2026 and December 31, 2025, the Firm had retained residential real estate loans, excluding those insured by U.S. government agencies, with a carrying value of $584 million and $575 million, respectively, that were not included in REO, but were in the process of active or suspended foreclosure. Auto and other Delinquency is the primary credit quality indicator for retained auto and other loans. The following tables provide information on delinquency and gross charge-offs. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of or for the six months ended June 30, 2026 (in millions, except ratios) | Term loans by origination year | | Revolving loans | | | 2026 | 2025 | 2024 | 2023 | 2022 | Prior to 2022 | | Within the revolving period | Converted to term loans | Total | | Loan delinquency | | | | | | | | | | | | Current | $ | 16,453 | | $ | 20,632 | | $ | 12,312 | | $ | 6,923 | | $ | 3,329 | | $ | 1,978 | | | $ | 3,773 | | $ | 205 | | $ | 65,605 | | | 30–119 days past due | 87 | | 154 | | 153 | | 170 | | 118 | | 68 | | | 25 | | 47 | | 822 | | | 120 or more days past due | — | | 1 | | 2 | | 1 | | — | | 1 | | | 1 | | 31 | | 37 | | | Total retained loans | $ | 16,540 | | $ | 20,787 | | $ | 12,467 | | $ | 7,094 | | $ | 3,447 | | $ | 2,047 | | | $ | 3,799 | | $ | 283 | | $ | 66,464 | | % of 30+ days past due to total retained loans | 0.53 | % | 0.75 | % | 1.24 | % | 2.41 | % | 3.42 | % | 3.37 | % | | 0.68 | % | 27.56 | % | 1.29 | % | | Gross charge-offs | $ | 74 | | $ | 124 | | $ | 90 | | $ | 93 | | $ | 50 | | $ | 52 | | | $ | — | | $ | 5 | | $ | 488 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of or for the year ended December 31, 2025 (in millions, except ratios) | Term loans by origination year | | Revolving loans | | | 2025 | 2024 | 2023 | 2022 | 2021 | Prior to 2021 | | Within the revolving period | Converted to term loans | Total | | Loan delinquency | | | | | | | | | | | | Current | $ | 26,490 | | $ | 15,586 | | $ | 9,443 | | $ | 4,899 | | $ | 2,961 | | $ | 846 | | | $ | 3,817 | | $ | 177 | | $ | 64,219 | | | 30–119 days past due | 170 | | 180 | | 225 | | 170 | | 99 | | 25 | | | 33 | | 48 | | 950 | | | 120 or more days past due | — | | 2 | | 2 | | — | | 1 | | — | | | 2 | | 34 | | 41 | | | Total retained loans | $ | 26,660 | | $ | 15,768 | | $ | 9,670 | | $ | 5,069 | | $ | 3,061 | | $ | 871 | | | $ | 3,852 | | $ | 259 | | $ | 65,210 | | % of 30+ days past due to total retained loans | 0.64 | % | 1.15 | % | 2.35 | % | 3.35 | % | 3.23 | % | 2.87 | % | | 0.91 | % | 31.66 | % | 1.52 | % | | Gross charge-offs | $ | 242 | | $ | 228 | | $ | 244 | | $ | 157 | | $ | 69 | | $ | 83 | | | $ | — | | $ | 8 | | $ | 1,031 | |
Nonaccrual loans and other credit quality indicators The following table provides information on nonaccrual and geographic region as a credit quality indicator for retained auto and other consumer loans. | | | | | | | | | | June 30, 2026 | December 31, 2025 | Nonaccrual loans(a)(b) | $ | 228 | | $ | 243 | | | | | Geographic region(c) | | | | California | $ | 10,111 | | $ | 9,926 | | | Texas | 8,271 | | 7,940 | | | Florida | 5,561 | | 5,382 | | | New York | 4,812 | | 4,771 | | | Illinois | 2,845 | | 2,804 | | | New Jersey | 2,370 | | 2,347 | | | Pennsylvania | 2,167 | | 2,066 | | | Georgia | 1,704 | | 1,682 | | | North Carolina | 1,618 | | 1,578 | | | Arizona | 1,608 | | 1,583 | | | All other | 25,397 | | 25,131 | | | Total retained loans | $ | 66,464 | | $ | 65,210 | |
(a)Generally, all consumer nonaccrual loans have an allowance. In accordance with regulatory guidance, certain nonaccrual loans that are considered collateral-dependent have been charged down to the lower of amortized cost or the fair value of their underlying collateral less costs to sell. If the value of the underlying collateral improves subsequent to charge down, the related allowance may be negative. (b)Interest income on nonaccrual loans recognized on a cash basis was not material for the three and six months ended June 30, 2026 and 2025. (c)The geographic regions presented in this table are ordered based on the magnitude of the corresponding loan balances at June 30, 2026.
Loan modifications The Firm grants certain modifications of auto and other loans to borrowers experiencing financial difficulty. For the three and six months ended June 30, 2026 and 2025, retained auto and other FDMs were not material. As of June 30, 2026 and December 31, 2025, there were no additional unfunded commitments to lend to borrowers experiencing financial difficulty whose loans have been modified as FDMs.
Credit card loan portfolio The credit card portfolio segment includes credit card loans originated and purchased by the Firm. Delinquency rates are the primary credit quality indicator for credit card loans. Refer to Note 12 of JPMorganChase's 2025 Form 10-K for further information on the credit card loan portfolio, including credit quality indicators. The following tables provide information on delinquency and gross charge-offs. | | | | | | | | | | | | As of or for the six months ended June 30, 2026 (in millions, except ratios) | Within the revolving period | Converted to term loans | Total | Loan delinquency | | | | | Current and less than 30 days past due and still accruing | $ | 242,184 | | $ | 2,920 | | $ | 245,104 | | | 30–89 days past due and still accruing | 2,067 | | 215 | | 2,282 | | | 90 or more days past due and still accruing | 2,366 | | 124 | | 2,490 | | | Total retained loans | $ | 246,617 | | $ | 3,259 | | $ | 249,876 | | | Loan delinquency ratios | | | | | % of 30+ days past due to total retained loans | 1.80 | % | 10.40 | % | 1.91 | % | | % of 90+ days past due to total retained loans | 0.96 | | 3.80 | | 1.00 | | | Gross charge-offs | $ | 4,688 | | $ | 290 | | $ | 4,978 | |
| | | | | | | | | | | | As of or for the year ended December 31, 2025 (in millions, except ratios) | Within the revolving period | Converted to term loans | Total | Loan delinquency | | | | | Current and less than 30 days past due and still accruing | $ | 240,147 | | $ | 2,289 | | $ | 242,436 | | | 30–89 days past due and still accruing | 2,422 | | 207 | | 2,629 | | | 90 or more days past due and still accruing | 2,619 | | 113 | | 2,732 | | | Total retained loans | $ | 245,188 | | $ | 2,609 | | $ | 247,797 | | | Loan delinquency ratios | | | | | % of 30+ days past due to total retained loans | 2.06 | % | 12.27 | % | 2.16 | % | | % of 90+ days past due to total retained loans | 1.07 | | 4.33 | | 1.10 | | | Gross charge-offs | $ | 8,812 | | $ | 352 | | $ | 9,164 | |
Other credit quality indicators The following table provides information on other credit quality indicators for retained credit card loans. | | | | | | | | | | (in millions, except ratios) | June 30, 2026 | December 31, 2025 | Geographic region(a) | | | | California | $ | 38,965 | | $ | 38,702 | | | Texas | 26,582 | | 26,313 | | | New York | 19,655 | | 19,488 | | | Florida | 18,823 | | 18,622 | | | Illinois | 13,295 | | 13,160 | | | New Jersey | 10,388 | | 10,282 | | | Colorado | 7,580 | | 7,384 | | | Ohio | 7,381 | | 7,326 | | | Pennsylvania | 6,943 | | 6,921 | | | Arizona | 6,292 | | 6,295 | | | All other | 93,972 | | 93,304 | | | Total retained loans | $ | 249,876 | | $ | 247,797 | | Percentage of portfolio based on carrying value with estimated refreshed FICO scores | | | | Equal to or greater than 660 | 84.9 | % | 84.6 | % | | Less than 660 | 14.8 | | 15.2 | | | No FICO available | 0.3 | | 0.2 | |
(a)The geographic regions presented in the table are ordered based on the magnitude of the corresponding loan balances at June 30, 2026. Loan modifications The Firm grants certain modifications of credit card loans to borrowers experiencing financial difficulty. These modifications may involve placing the customer’s credit card account on a fixed payment plan, generally for 60 months, which typically includes reducing the interest rate on the credit card account. If the borrower does not make the contractual payments when due under the modified payment terms, the credit card loan continues to age and will be charged-off in accordance with the Firm's standard charge-off policy. In most cases, the Firm does not reinstate the borrower's line of credit. Financial effects of FDMs The following tables provide information on retained credit card FDMs. | | | | | | | | | | | | | | | | | | | | | | | | | Loan modifications | | Three months ended June 30, 2026 | | Six months ended June 30, 2026 |
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained credit card loans | Financial effect of loan modifications | | Amortized cost basis | % of loan modifications to total retained credit card loans | Financial effect of loan modifications | Term extension and interest rate reduction(a)(b) | $ | 648 | | 0.26 | % | Term extension with a reduction in the weighted average contractual interest rate from 22.92% to 3.35% | | $ | 1,262 | | 0.51 | % | Term extension with a reduction in the weighted average contractual interest rate from 22.84% to 3.37% | Interest rate reduction(b) | 151 | | 0.06 | | Reduced weighted-average contractual interest rate from 22.79% to 8.39% | | 300 | | 0.12 | | Reduced weighted-average contractual interest rate from 22.77% to 8.30% | Total | $ | 799 | | | | | $ | 1,562 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Loan modifications | | Three months ended June 30, 2025 | | Six months ended June 30, 2025 |
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained credit card loans | Financial effect of loan modifications | | Amortized cost basis | % of loan modifications to total retained credit card loans | Financial effect of loan modifications | Term extension and interest rate reduction(a)(b) | $ | 462 | | 0.20 | % | Term extension with a reduction in the weighted average contractual interest rate from 23.12% to 3.45% | | $ | 803 | | 0.37 | % | Term extension with a reduction in the weighted average contractual interest rate from 23.09% to 3.48% | Interest rate reduction(b) | 59 | | 0.03 | | Reduced weighted-average contractual interest rate from 23.10% to 8.01% | | 64 | | 0.03 | | Reduced weighted-average contractual interest rate from 22.93% to 8.06% | Total | $ | 521 | | | | | $ | 867 | | | |
(a)Term extension includes credit card loans whose terms have been modified under long-term programs by placing the customer's credit card account on a fixed payment plan. (b)The interest rates represent weighted average at the time of modification. Payment status of FDMs The following table provides information on the payment status of retained credit card FDMs during the twelve months ended June 30, 2026 and 2025. | | | | | | | | | | |
(in millions) | Amortized cost basis | | | Twelve months ended June 30, | | | | 2026 | 2025 | | | | Current and less than 30 days past due and still accruing | $ | 2,352 | | $ | 1,135 | | | | | 30-89 days past due and still accruing | 181 | | 102 | | | | | 90 or more days past due and still accruing | 118 | | 60 | | | | | Total | $ | 2,651 | | $ | 1,297 | | | |
Defaults of FDMs For the three and six months ended June 30, 2026, defaults of retained credit card FDMs that had been modified within twelve months were $102 million and $136 million, respectively, and were in the form of a combination of term extension and interest rate reduction, while not material for the three and six months ended June 30, 2025. For credit card loans modified as FDMs, payment default is deemed to have occurred when the borrower misses two consecutive contractual payments. Defaulted modified credit card loans remain in the modification program and continue to be charged off in accordance with the Firm's standard charge-off policy. Wholesale loan portfolio Wholesale loans include loans made to a variety of clients, ranging from large corporate and institutional clients to small businesses and high-net-worth individuals. The primary credit quality indicator for wholesale loans is the internal risk rating assigned to each loan. Refer to Note 12 of JPMorganChase’s 2025 Form 10-K for further information on these risk ratings. The following tables provide information on internal risk rating and gross charge-offs for retained wholesale loans. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Secured by real estate | | Commercial and industrial | | Other(a) | | Total retained loans | | (in millions, except ratios) | June 30,
2026 | Dec 31,
2025 | | June 30,
2026 | | Dec 31,
2025 | | June 30,
2026 | Dec 31,
2025 | | June 30,
2026 | | Dec 31,
2025 | | Loans by risk ratings | | | | | | | | | | | | | | | Investment-grade | $ | 119,162 | | $ | 118,875 | | | $ | 73,314 | | | $ | 66,942 | | | $ | 383,732 | | $ | 355,547 | | | $ | 576,208 | | | $ | 541,364 | | | Noninvestment-grade: | | | | | | | | | | | | | | | Noncriticized | 36,711 | | 36,120 | | | 100,897 | | | 92,856 | | | 103,724 | | 93,273 | | | 241,332 | | | 222,249 | | | Criticized performing | 8,816 | | 8,872 | | | 14,195 | | | 12,651 | | | 2,062 | | 2,833 | | | 25,073 | | | 24,356 | | | Criticized nonaccrual | 1,523 | | 1,678 | | | 2,120 | | | 1,954 | | | 548 | | 766 | | | 4,191 | | | 4,398 | | | Total noninvestment-grade | 47,050 | | 46,670 | | | 117,212 | | | 107,461 | | | 106,334 | | 96,872 | | | 270,596 | | | 251,003 | | | Total retained loans | $ | 166,212 | | $ | 165,545 | | | $ | 190,526 | | | $ | 174,403 | | | $ | 490,066 | | $ | 452,419 | | | $ | 846,804 | | | $ | 792,367 | | | % of investment-grade to total retained loans | 71.69 | % | 71.81 | % | | 38.48 | % | | 38.38 | % | | 78.30 | % | 78.59 | % | | 68.05 | % | | 68.32 | % | | % of total criticized to total retained loans | 6.22 | | 6.37 | | | 8.56 | | | 8.37 | | | 0.53 | | 0.80 | | | 3.46 | | | 3.63 | | | % of criticized nonaccrual to total retained loans | 0.92 | | 1.01 | | | 1.11 | | | 1.12 | | | 0.11 | | 0.17 | | | 0.49 | | | 0.56 | |
(a)Includes loans to financial institutions, personal investment companies and trusts, individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB), states and political subdivisions, nonprofits, as well as loans to SPEs. As of June 30, 2026 and December 31, 2025, predominantly consisted of $254.5 billion and $245.1 billion, respectively, to financial institutions, which includes loans to certain SPEs, primarily asset securitizations; $163.1 billion and $141.1 billion, respectively, to individuals and individual entities; and $6.5 billion and $7.4 billion, respectively, to other SPEs. Refer to Note 14 of JPMorganChase’s 2025 Form 10-K for more information on SPEs. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of or for the six months ended June 30, 2026 (in millions) | Secured by real estate | | Term loans by origination year | | Revolving loans | | | 2026 | 2025 | 2024 | 2023 | 2022 | Prior to 2022 | | Within the revolving period | Converted to term loans | Total | | Loans by risk ratings | | | | | | | | | | | | Investment-grade | $ | 10,855 | | $ | 16,983 | | $ | 8,982 | | $ | 8,069 | | $ | 21,176 | | $ | 51,747 | | | $ | 1,350 | | $ | — | | $ | 119,162 | | | Noninvestment-grade | 3,539 | | 6,498 | | 2,761 | | 3,617 | | 11,196 | | 16,958 | | | 2,389 | | 92 | | 47,050 | | | Total retained loans | $ | 14,394 | | $ | 23,481 | | $ | 11,743 | | $ | 11,686 | | $ | 32,372 | | $ | 68,705 | | | $ | 3,739 | | $ | 92 | | $ | 166,212 | | | Gross charge-offs | $ | — | | $ | — | | $ | — | | $ | 4 | | $ | 7 | | $ | 38 | | | $ | — | | $ | — | | $ | 49 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of or for the year ended December 31, 2025 (in millions) | Secured by real estate | | Term loans by origination year | | Revolving loans | | | 2025 | 2024 | 2023 | 2022 | 2021 | Prior to 2021 | | Within the revolving period | Converted to term loans | Total | | Loans by risk ratings | | | | | | | | | | | | Investment-grade | $ | 17,242 | | $ | 9,440 | | $ | 9,187 | | $ | 22,472 | | $ | 22,019 | | $ | 37,392 | | | $ | 1,123 | | $ | — | | $ | 118,875 | | | Noninvestment-grade | 6,930 | | 3,032 | | 4,392 | | 12,444 | | 6,625 | | 10,978 | | | 2,176 | | 93 | | 46,670 | | | Total retained loans | $ | 24,172 | | $ | 12,472 | | $ | 13,579 | | $ | 34,916 | | $ | 28,644 | | $ | 48,370 | | | $ | 3,299 | | $ | 93 | | $ | 165,545 | | | Gross charge-offs | $ | — | | $ | 54 | | $ | 13 | | $ | 92 | | $ | 119 | | $ | 141 | | | $ | 1 | | $ | — | | $ | 420 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of or for the six months ended June 30, 2026 (in millions) | Commercial and industrial | | Term loans by origination year | | Revolving loans | | | 2026 | 2025 | 2024 | 2023 | 2022 | Prior to 2022 | | Within the revolving period | Converted to term loans | Total | | Loans by risk ratings | | | | | | | | | | | | Investment-grade | $ | 13,207 | | $ | 9,714 | | $ | 3,877 | | $ | 2,781 | | $ | 2,424 | | $ | 2,187 | | | $ | 39,123 | | $ | 1 | | $ | 73,314 | | | Noninvestment-grade | 17,295 | | 27,639 | | 10,267 | | 4,863 | | 3,667 | | 2,251 | | | 51,141 | | 89 | | 117,212 | | | Total retained loans | $ | 30,502 | | $ | 37,353 | | $ | 14,144 | | $ | 7,644 | | $ | 6,091 | | $ | 4,438 | | | $ | 90,264 | | $ | 90 | | $ | 190,526 | | | Gross charge-offs | $ | — | | $ | 62 | | $ | 2 | | $ | 29 | | $ | 22 | | $ | 25 | | | $ | 108 | | $ | 4 | | $ | 252 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of or for the year ended December 31, 2025 (in millions) | Commercial and industrial | | Term loans by origination year | | Revolving loans | | | 2025 | 2024 | 2023 | 2022 | 2021 | Prior to 2021 | | Within the revolving period | Converted to term loans | Total | | Loans by risk ratings | | | | | | | | | | | | Investment-grade | $ | 16,186 | | $ | 5,418 | | $ | 3,040 | | $ | 4,352 | | $ | 1,836 | | $ | 1,225 | | | $ | 34,884 | | $ | 1 | | $ | 66,942 | | | Noninvestment-grade | 32,906 | | 13,376 | | 5,927 | | 5,600 | | 2,006 | | 825 | | | 46,721 | | 100 | | 107,461 | | | Total retained loans | $ | 49,092 | | $ | 18,794 | | $ | 8,967 | | $ | 9,952 | | $ | 3,842 | | $ | 2,050 | | | $ | 81,605 | | $ | 101 | | $ | 174,403 | | | Gross charge-offs | $ | 43 | | $ | 64 | | $ | 11 | | $ | 151 | | $ | 129 | | $ | 26 | | | $ | 461 | | $ | 8 | | $ | 893 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of or for the six months ended June 30, 2026 (in millions) | Other(a) | | Term loans by origination year | | Revolving loans | | | 2026 | 2025 | 2024 | 2023 | 2022 | Prior to 2022 | | Within the revolving period | Converted to term loans | Total | | Loans by risk ratings | | | | | | | | | | | | Investment-grade | $ | 29,604 | | $ | 27,905 | | $ | 9,653 | | $ | 5,941 | | $ | 9,494 | | $ | 15,499 | | | $ | 283,093 | | $ | 2,543 | | $ | 383,732 | | | Noninvestment-grade | 13,059 | | 12,517 | | 4,959 | | 3,873 | | 3,636 | | 3,746 | | | 64,486 | | 58 | | 106,334 | | | Total retained loans | $ | 42,663 | | $ | 40,422 | | $ | 14,612 | | $ | 9,814 | | $ | 13,130 | | $ | 19,245 | | | $ | 347,579 | | $ | 2,601 | | $ | 490,066 | | | Gross charge-offs | $ | — | | $ | — | | $ | 86 | | $ | 1 | | $ | — | | $ | 20 | | | $ | 10 | | $ | — | | $ | 117 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of or for the year ended December 31, 2025 (in millions) | Other(a) | | Term loans by origination year | | Revolving loans | | | 2025 | 2024 | 2023 | 2022 | 2021 | Prior to 2021 | | Within the revolving period | Converted to term loans | Total | | Loans by risk ratings | | | | | | | | | | | | Investment-grade | $ | 43,073 | | $ | 13,123 | | $ | 7,939 | | $ | 10,838 | | $ | 5,574 | | $ | 11,757 | | | $ | 263,150 | | $ | 93 | | $ | 355,547 | | | Noninvestment-grade | 16,162 | | 6,456 | | 4,425 | | 4,079 | | 2,013 | | 2,563 | | | 61,095 | | 79 | | 96,872 | | | Total retained loans | $ | 59,235 | | $ | 19,579 | | $ | 12,364 | | $ | 14,917 | | $ | 7,587 | | $ | 14,320 | | | $ | 324,245 | | $ | 172 | | $ | 452,419 | | | Gross charge-offs | $ | 46 | | $ | 195 | | $ | 32 | | $ | 2 | | $ | 9 | | $ | 58 | | | $ | 26 | | $ | 106 | | $ | 474 | |
(a)Includes loans to financial institutions, personal investment companies and trusts, individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB), states and political subdivisions, nonprofits, as well as loans to SPEs. Refer to Note 14 of JPMorganChase’s 2025 Form 10-K for more information on SPEs. The following table presents additional information on retained loans secured by real estate, which consists of loans secured wholly or substantially by a lien or liens on real property at origination. | | | | | | | | | | | | | | | | | | | | | | | | | | |
(in millions, except ratios) | Multifamily | | Other commercial | | Total retained Secured by real estate loans | | June 30, 2026 | Dec 31,
2025 | | June 30, 2026 | Dec 31,
2025 | | June 30, 2026 | Dec 31,
2025 | | Retained loans secured by real estate | $ | 107,012 | | $ | 105,130 | | | $ | 59,200 | | $ | 60,415 | | | $ | 166,212 | | $ | 165,545 | | | Criticized | 4,963 | | 4,661 | | | 5,376 | | 5,889 | | | 10,339 | | 10,550 | | | % of criticized to total retained loans secured by real estate | 4.64 | % | 4.43 | % | | 9.08 | % | 9.75 | % | | 6.22 | % | 6.37 | % | | Criticized nonaccrual | $ | 459 | | $ | 422 | | | $ | 1,064 | | $ | 1,256 | | | $ | 1,523 | | $ | 1,678 | | | % of criticized nonaccrual loans to total retained loans secured by real estate | 0.43 | % | 0.40 | % | | 1.80 | % | 2.08 | % | | 0.92 | % | 1.01 | % |
Geographic distribution and delinquency The following table provides information on the geographic distribution and delinquency for retained wholesale loans. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Secured by real estate | | Commercial and industrial | | Other | | Total retained loans | | (in millions) | June 30, 2026 | Dec 31,
2025 | | June 30, 2026 | Dec 31,
2025 | | June 30, 2026 | Dec 31,
2025 | | June 30, 2026 | Dec 31,
2025 | Loans by geographic distribution(a) | | | | | | | | | | | | | Total U.S. | $ | 163,134 | | $ | 162,378 | | | $ | 143,179 | | $ | 131,945 | | | $ | 352,441 | | $ | 331,737 | | | $ | 658,754 | | $ | 626,060 | | | Total non-U.S. | 3,078 | | 3,167 | | | 47,347 | | 42,458 | | | 137,625 | | 120,682 | | | 188,050 | | 166,307 | | | Total retained loans | $ | 166,212 | | $ | 165,545 | | | $ | 190,526 | | $ | 174,403 | | | $ | 490,066 | | $ | 452,419 | |
| $ | 846,804 | | $ | 792,367 | | | Loan delinquency | | | | | | | | | | | | | Current and less than 30 days past due and still accruing | $ | 164,177 | | $ | 163,189 | | | $ | 187,624 | | $ | 171,227 | | | $ | 487,668 | | $ | 450,582 | |
| $ | 839,469 | | $ | 784,998 | | | 30–89 days past due and still accruing | 462 | | 636 | | | 736 | | 1,220 | | | 1,820 | | 1,057 | | | 3,018 | | 2,913 | | 90 or more days past due and still accruing(b) | 50 | | 42 | | | 46 | | 2 | | | 30 | | 14 | | | 126 | | 58 | | | Criticized nonaccrual | 1,523 | | 1,678 | | | 2,120 | | 1,954 | | | 548 | | 766 | | | 4,191 | | 4,398 | | | Total retained loans | $ | 166,212 | | $ | 165,545 | | | $ | 190,526 | | $ | 174,403 | | | $ | 490,066 | | $ | 452,419 | |
| $ | 846,804 | | $ | 792,367 | |
(a)The U.S. and non-U.S. distribution is determined based predominantly on the domicile of the borrower. (b)Represents loans that are considered well-collateralized and therefore still accruing interest. Nonaccrual loans The following table provides information on retained wholesale nonaccrual loans. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(in millions) | Secured by real estate | | Commercial and industrial | | Other | | Total retained loans | | June 30, 2026 | Dec 31,
2025 | | June 30, 2026 | Dec 31,
2025 | | June 30, 2026 | Dec 31,
2025 | | June 30, 2026 | Dec 31,
2025 | | Nonaccrual loans | | | | | | | | | | | | | With an allowance | $ | 412 | | $ | 365 | | | $ | 1,715 | | $ | 1,562 | | | $ | 372 | | $ | 468 | | | $ | 2,499 | | $ | 2,395 | | Without an allowance(a) | 1,111 | | 1,313 | | | 405 | | 392 | | | 176 | | 298 | | | 1,692 | | 2,003 | | Total nonaccrual loans(b) | $ | 1,523 | | $ | 1,678 | | | $ | 2,120 | | $ | 1,954 | | | $ | 548 | | $ | 766 | | | $ | 4,191 | | $ | 4,398 | |
(a)When the discounted cash flows or collateral value equals or exceeds the amortized cost of the loan, the loan does not require an allowance. This typically occurs when the loans have been partially charged off and/or there have been interest payments received and applied to the loan balance. (b)Interest income on nonaccrual loans recognized on a cash basis was not material for each of the three and six months ended June 30, 2026 and 2025. Loan modifications The Firm grants certain modifications of wholesale loans to borrowers experiencing financial difficulty, which generally align with loans graded substandard or worse consistent with the U.S. banking regulators’ definition of criticized exposures. Financial effects of FDMs The following tables provide information on retained wholesale loan modifications considered FDMs during the three and six months ended June 30, 2026 and 2025. | | | | | | | | | | | | | | | | | | | | | | | | | Secured by real estate | | Three months ended June 30, 2026 | | Six months ended June 30, 2026 | | (in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Secured by real estate loans | Financial effect of loan modifications | | Amortized cost basis | % of loan modifications to total retained Secured by real estate loans | Financial effect of loan modifications | | Single modifications | | | | | | | | | Term extension | $ | 143 | | 0.09 | % | Extended loans by a weighted-average of 7 months | | $ | 210 | | 0.13 | % | Extended loans by a weighted-average of 10 months | | | | | | | | | | Multiple modifications | | | | | | | | | | | | | | | | Other-than-insignificant payment deferral and term extension | 35 | | 0.02 | | Provided payment deferrals with delayed amounts recaptured at the end of deferral period and extended loans by a weighted-average of 3 months | | 35 | | 0.02 | | Provided payment deferrals with delayed amounts recaptured at the end of deferral period and extended loans by a weighted-average of 3 months | Other(a) | — | | — | | NM | | 6 | | — | | NM | | Total | $ | 178 | | | | | $ | 251 | | | |
(a)Includes a loan with single modification. | | | | | | | | | | | | | | | | | | | | | | | | | Secured by real estate | | Three months ended June 30, 2025 | | Six months ended June 30, 2025 | | (in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Secured by real estate loans | Financial effect of loan modifications | | Amortized cost basis | % of loan modifications to total retained Secured by real estate loans | Financial effect of loan modifications | | Single modifications | | | | | | | | | Term extension | $ | 336 | | 0.20 | % | Extended loans by a weighted-average of 21 months | | $ | 585 | | 0.36 | % | Extended loans by a weighted-average of 17 months | | | | | | | | | | Multiple modifications | | | | | | | | | Other-than-insignificant payment deferral and term extension | — | | — | | NM | | 42 | | 0.03 | | Provided payment deferrals with delayed amounts recaptured at maturity and extended loans by a weighted-average of 35 months | Other(a) | — | | — | | NM | | 16 | | 0.01 | | NM | | Total | $ | 336 | | | | | $ | 643 | | | |
(a)Includes loans with a single modification. | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | Three months ended June 30, 2026 | | Six months ended June 30, 2026 | | (in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Commercial and industrial loans | Financial effect of loan modifications | | Amortized cost basis | % of loan modifications to total retained Commercial and industrial loans | Financial effect of loan modifications | | Single modifications | | | | | | | | | Term extension | $ | 522 | | 0.27 | % | Extended loans by a weighted-average of 20 months | | $ | 740 | | 0.39 | % | Extended loans by a weighted-average of 18 months | | Other-than-insignificant payment deferral | 342 | | 0.18 | | Provided payment deferrals with delayed amounts primarily recaptured at maturity | | 399 | | 0.21 | | Provided payment deferrals with delayed amounts primarily recaptured at maturity | | | | | | | | | | | | | | | | | | | | | | | | | | Multiple modifications | | | | | | | | | | | | | | | | | Other-than-insignificant payment deferral and term extension | 16 | | 0.01 | | Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 2 months | | 103 | | 0.05 | | Provided payment deferrals with delayed amounts primarily recaptured at the end of deferral period and extended loans by a weighted-average of 7 months | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other(a) | 5 | | — | | NM | | 20 | | 0.01 | | NM | | Total | $ | 885 | | | | | $ | 1,262 | | | |
(a)Includes loans with single and multiple modifications. | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | Three months ended June 30, 2025 | | Six months ended June 30, 2025 | | (in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Commercial and industrial loans | Financial effect of loan modifications | | Amortized cost basis | % of loan modifications to total retained Commercial and industrial loans | Financial effect of loan modifications | | Single modifications | | | | | | | | | Term extension | $ | 624 | | 0.36 | % | Extended loans by a weighted-average of 16 months | | $ | 835 | | 0.48 | % | Extended loans by a weighted-average of 19 months | | Other-than-insignificant payment deferral | 172 | 0.10 | | Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period | | 418 | 0.24 | | Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period | | Multiple modifications | | | | | | | | Other-than-insignificant payment deferral, interest rate reduction and term extension | 90 | | 0.05 | | Provided payment deferrals with delayed amounts primarily recaptured at maturity, reduced weighted-average contractual interest by 1,076 bps and extended loans by a weighted-average of 15 months | | 90 | 0.05 | | Provided payment deferrals with delayed amounts primarily recaptured at maturity, reduced weighted-average contractual interest by 1,076 bps and extended loans by a weighted-average of 15 months | | Interest rate reduction and term extension | 82 | | 0.05 | | Reduced weighted-average contractual interest by 655 bps and extended loans by a weighted-average of 26 months | | 82 | 0.05 | | Reduced weighted-average contractual interest by 652 bps and extended loans by a weighted-average of 26 months | | Other-than-insignificant payment deferral and term extension | 47 | | 0.03 | | Provided payment deferrals with delayed amounts recaptured at maturity and extended loans by a weighted-average of 26 months | | 47 | 0.03 | | Provided payment deferrals with delayed amounts recaptured at maturity and extended loans by a weighted-average of 26 months | Other(a) | 15 | | 0.01 | | NM | | 15 | | 0.01 | | NM | | Total | $ | 1,030 | | | | | $ | 1,487 | | | |
(a) Includes loans with a single and multiple modifications. | | | | | | | | | | | | | | | | | | | | | | | | | Other | | Three months ended June 30, 2026 | | Six months ended June 30, 2026 | | (in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Other loans | Financial effect of loan modifications | | Amortized cost basis | % of loan modifications to total retained Other loans | Financial effect of loan modifications | | Single modifications | | | | | | | | | Term extension | $ | 98 | | 0.02 | % | Extended loans by a weighted-average of 96 months | | $ | 119 | | 0.02 | % | Extended loans by a weighted-average of 82 months | | | | | | | | | | | | | | | | | | | | | | | | | Other(a) | 16 | | — | | NM | | 17 | | — | | NM | | Total | $ | 114 | | | | | $ | 136 | | | |
(a)Includes loans with single and multiple modifications. | | | | | | | | | | | | | | | | | | | | | | | | | Other | | Three months ended June 30, 2025 | | Six months ended June 30, 2025 | | (in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Other loans | Financial effect of loan modifications | | Amortized cost basis | % of loan modifications to total retained Other loans | Financial effect of loan modifications | | Single modifications | | | | | | | | | Term extension | $ | 109 | | 0.03 | % | Extended loans by a weighted-average of 6 months | | $ | 140 | | 0.03 | % | Extended loans by a weighted-average of 9 months | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other(a) | 3 | | — | | NM | | 3 | | — | | NM | | Total | $ | 112 | | | | | $ | 143 | | | |
(a)Includes a loan with multiple modifications. Payment status of FDMs The following table provides information on the payment status of retained wholesale FDMs during the twelve months ended June 30, 2026 and 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortized cost basis | | | Twelve months ended June 30, 2026 | | | Twelve months ended June 30, 2025 | | | (in millions) | Secured by real estate | Commercial and industrial | Other | | | Secured by real estate | Commercial and industrial | Other | | | Current and less than 30 days past due and still accruing | $ | 227 | | $ | 1,389 | | $ | 109 | | | | $ | 585 | | $ | 1,612 | | $ | 320 | | | | 30-89 days past due and still accruing | — | | 3 | | 3 | | | | — | | 9 | | — | | | | 90 or more days past due and still accruing | 4 | | — | | — | | | | 2 | | 2 | | — | | | | Criticized nonaccrual | 61 | | 718 | | 95 | | | | 288 | | 689 | | 40 | | | | Total | $ | 292 | | $ | 2,110 | | $ | 207 | | | | $ | 875 | | $ | 2,312 | | $ | 360 | | |
Defaults of FDMs The following table provides information on defaults of retained wholesale FDMs that had been modified within twelve months during the three and six months ended June 30, 2026 and 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortized cost basis | | Three months ended June 30, 2026 | | Six months ended June 30, 2026 | | | (in millions) | Secured by real estate | Commercial and industrial | Other | | Secured by real estate | Commercial and industrial | Other | | | | | Term extension | $ | 11 | | $ | 11 | | $ | 3 | | | $ | 11 | | $ | 47 | | $ | 13 | | | | | | Other-than-insignificant payment deferral | — | | 2 | | — | | | — | | 192 | | — | | | | | | Other than insignificant payment deferral and term extension | — | | 10 | | — | | | — | | 10 | | — | | | | | | | | | | | | | | | | Total(a) | $ | 11 | | $ | 23 | | $ | 3 | | | $ | 11 | | $ | 249 | | $ | 13 | | | | | | | | | | | | | | | | | Amortized cost basis | | Three months ended June 30, 2025 | | Six months ended June 30, 2025 | | | (in millions) | Secured by real estate | Commercial and industrial | Other | | Secured by real estate | Commercial and industrial | Other | | | | | Term extension | $ | 21 | | $ | 40 | | $ | 4 | | | $ | 21 | | $ | 49 | | $ | 12 | | | | | | Other-than-insignificant payment deferral | — | | 4 | | — | | | — | | 4 | | — | | | | | | Interest rate reduction and term extension | — | | — | | — | | | — | | 4 | | — | | | | | Total(a) | $ | 21 | | $ | 44 | | $ | 4 | | | $ | 21 | | $ | 57 | | $ | 12 | | | | |
(a)Represents FDMs that were 30 days or more past due. As of June 30, 2026 and December 31, 2025, additional unfunded commitments on modified loans to borrowers experiencing financial difficulty were $1.4 billion and $2.8 billion, respectively, in Commercial and industrial, and $19 million and $73 million, respectively, in Other. Additional unfunded commitments on modified loans to borrowers experiencing financial difficulty whose loans have been modified as FDMs in Secured by real estate were not material at both periods.
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