v3.26.3
LOANS AND LEASES (Tables)
 9 Months Ended
Sep. 30, 2026
Receivables [Abstract]  
Schedule of Loans and Leases, Net of Unearned Income
Following is a summary of total loans and leases, net of unearned income:
TABLE 4.1
(in millions)September 30, 2026December 31, 2025
Commercial real estate$11,780 $12,274 
Commercial and industrial8,766 7,718 
Commercial leases799 791 
Other159 141 
Total commercial loans and leases21,504 20,924 
Direct installment2,654 2,678 
Residential mortgages9,738 8,882 
Indirect installment964 767 
Consumer lines of credit1,677 1,526 
Total consumer loans15,033 13,853 
Total loans and leases, net of unearned income$36,537 $34,777 
Schedule of Certain Information Relating to Commercial Real Estate Loans
The following table shows occupancy information relating to commercial real estate loans:
TABLE 4.2
September 30,
2026		December 31,
2025
Commercial real estate:
Percent owner-occupied32.5 %30.9 %
Percent non-owner-occupied67.5 69.1 
Schedule of Loan, Credit Quality Indicators We use an internal risk rating assigned to a commercial loan or lease at origination, summarized below.
TABLE 4.3
Rating CategoryDefinition
Passin general, the condition of the borrower and the performance of the loan is satisfactory or better
Special Mentionin general, the condition of the borrower has deteriorated, requiring an increased level of monitoring
Substandardin general, the condition of the borrower has significantly deteriorated and the performance of the loan could further deteriorate if deficiencies are not corrected
Doubtfulin general, the condition of the borrower has significantly deteriorated and the collection in full of both principal and interest is highly questionable or improbable
Schedule of Financing Receivables, Originated Year
The following table summarizes the designated loan rating category by loan class including term loans on an amortized cost basis by origination year and year-to-date gross charge-offs by originating year:
TABLE 4.4
(in millions)20262025202420232022PriorRevolving Loans Amortized Cost BasisTotal
September 30, 2026
COMMERCIAL
Commercial Real Estate:
Risk Rating:
   Pass$1,054 $1,355 $1,262 $1,306 $1,321 $4,268 $235 $10,801 
   Special Mention— 5 28 58 160 352 10 613 
   Substandard— 4 15 60 67 216 4 366 
Total commercial real estate1,054 1,364 1,305 1,424 1,548 4,836 249 11,780 
Commercial real estate gross charge-offs — — 2.7 1.3 1.0 13.4 — 18.4 
Commercial and Industrial:
Risk Rating:
   Pass2,181 1,592 758 537 398 932 1,895 8,293 
   Special Mention43 20 12 11 4 48 79 217 
   Substandard2 12 23 65 7 62 85 256 
Total commercial and industrial2,226 1,624 793 613 409 1,042 2,059 8,766 
Commercial and industrial gross charge-offs0.1 0.6 0.4 10.3 2.0 10.5 — 23.9 
Commercial Leases:
Risk Rating:
   Pass243 153 189 102 59 39 — 785 
   Special Mention— — 1 1 1 — — 3 
   Substandard1 — 4 5 1 — — 11 
Total commercial leases244 153 194 108 61 39 — 799 
Commercial leases gross charge-offs— — — — — 2.3 — 2.3 
Other Commercial:
Risk Rating:
   Pass13 — — 66 — 7 73 159 
Total other commercial13 — — 66 — 7 73 159 
Other commercial gross charge-offs— — — — — 3.7 — 3.7 
Total commercial loans and leases3,537 3,141 2,292 2,211 2,018 5,924 2,381 21,504 
(in millions)20262025202420232022PriorRevolving Loans Amortized Cost BasisTotal
September 30, 2026
CONSUMER
Direct Installment:
   Current347 382 218 175 479 1,041 — 2,642 
   Past due— 1 2 1 2 6 — 12 
Total direct installment347 383 220 176 481 1,047 — 2,654 
Direct installment gross charge-offs— 0.2 0.1 0.1 0.1 0.2 — 0.7 
Residential Mortgages:
   Current1,547 1,734 1,244 1,077 1,365 2,695 — 9,662 
   Past due4 17 12 11 6 26 — 76 
Total residential mortgages1,551 1,751 1,256 1,088 1,371 2,721 — 9,738 
Residential mortgages gross charge-offs— 0.3 0.5 0.4 0.1 0.7 — 2.0 
Indirect Installment:
   Current424 240 192 12 27 59 — 954 
   Past due1 1 2 1 2 3 — 10 
Total indirect installment425 241 194 13 29 62 — 964 
Indirect installment gross charge-offs0.1 1.0 1.1 0.3 1.0 1.0 — 4.5 
Consumer Lines of Credit:
   Current2 3 5 15 34 160 1,446 1,665 
   Past due— — — 1 1 7 3 12 
Total consumer lines of credit2 3 5 16 35 167 1,449 1,677 
Consumer lines of credit gross charge-offs— — — 0.1 — 0.5 — 0.6 
Total consumer loans2,325 2,378 1,675 1,293 1,916 3,997 1,449 15,033 
Total loans and leases$5,862 $5,519 $3,967 $3,504 $3,934 $9,921 $3,830 $36,537 
Total charge-offs$0.2 $2.1 $4.8 $12.5 $4.2 $32.3 $— $56.1 
(in millions)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
December 31, 2025
COMMERCIAL
Commercial Real Estate:
Risk Rating:
   Pass$1,438 $1,336 $1,654 $1,587 $1,686 $3,637 $195 $11,533 
   Special Mention5 17 18 135 94 147 6 422 
   Substandard1 11 10 59 37 195 6 319 
Total commercial real estate1,444 1,364 1,682 1,781 1,817 3,979 207 12,274 
Commercial real estate gross charge-offs— — 0.4 5.4 3.9 20.3 — 30.0 
Commercial and Industrial:
Risk Rating:
   Pass1,799 1,011 787 616 360 835 1,835 7,243 
   Special Mention35 11 12 5 3 72 148 286 
   Substandard2 14 45 11 7 22 88 189 
Total commercial and industrial1,836 1,036 844 632 370 929 2,071 7,718 
Commercial and industrial gross charge-offs0.1 1.5 1.0 3.5 7.0 24.8 — 37.9 
Commercial Leases:
Risk Rating:
   Pass262 222 140 73 41 37 — 775 
   Special Mention1 3 1 — 1 3 — 9 
   Substandard— — 4 1 2 — — 7 
Total commercial leases263 225 145 74 44 40 — 791 
Commercial leases gross charge-offs— — — — — 0.2 — 0.2 
Other Commercial:
Risk Rating:
   Pass9 — 58 — — 4 70 141 
Total other commercial9 — 58 — — 4 70 141 
Other commercial gross charge-offs— — — — — 4.7 — 4.7 
Total commercial loans and leases3,552 2,625 2,729 2,487 2,231 4,952 2,348 20,924 
(in millions)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
December 31, 2025
CONSUMER
Direct Installment:
   Current446 273 218 535 592 601 — 2,665 
   Past due— 1 1 3 2 6 — 13 
Total direct installment446 274 219 538 594 607 — 2,678 
Direct installment gross charge-offs0.1 0.2 0.2 0.2 — 0.2 — 0.9 
Residential Mortgages:
   Current1,741 1,464 1,245 1,468 1,317 1,579 — 8,814 
   Past due6 11 11 7 5 28 — 68 
Total residential mortgages1,747 1,475 1,256 1,475 1,322 1,607 — 8,882 
Residential mortgages gross charge-offs0.1 0.3 0.5 0.1 0.1 1.3 — 2.4 
Indirect Installment:
   Current311 272 16 41 69 43 — 752 
   Past due1 3 2 4 4 1 — 15 
Total indirect installment312 275 18 45 73 44 — 767 
Indirect installment gross charge-offs0.4 1.0 0.9 2.5 2.0 0.8 — 7.6 
Consumer Lines of Credit:
   Current4 6 19 39 12 139 1,295 1,514 
   Past due— — 1 1 — 8 2 12 
Total consumer lines of credit4 6 20 40 12 147 1,297 1,526 
Consumer lines of credit gross charge-offs— — 0.1 0.1 — 0.8 — 1.0 
Total consumer loans2,509 2,030 1,513 2,098 2,001 2,405 1,297 13,853 
Total loans and leases$6,061 $4,655 $4,242 $4,585 $4,232 $7,357 $3,645 $34,777 
Total charge-offs$0.7 $3.0 $3.1 $11.8 $13.0 $53.1 $— $84.7 
Schedule of Age Analysis of Past Due Loans, by Class
The following table provides an analysis of the aging of loans by class.
TABLE 4.5
(in millions)30-89 Days
Past Due
> 90 Days
Past Due
and Still
Accruing
Non-
Accrual		Total
Past Due		CurrentTotal
Loans and
Leases		Non-accrual with No ACL
September 30, 2026
Commercial real estate$19 $— $62 $81 $11,699 $11,780 $47 
Commercial and industrial11 — 37 48 8,718 8,766 11 
Commercial leases— — 1 1 798 799 — 
Other— 36 — 36 123 159 — 
Total commercial loans and leases30 36 100 166 21,338 21,504 58 
Direct installment7 1 4 12 2,642 2,654 — 
Residential mortgages52 13 11 76 9,662 9,738 — 
Indirect installment9 — 1 10 954 964 — 
Consumer lines of credit7 2 3 12 1,665 1,677 — 
Total consumer loans75 16 19 110 14,923 15,033 — 
Total loans and leases$105 $52 $119 $276 $36,261 $36,537 $58 

(in millions)30-89 Days
Past Due
> 90 Days
Past Due
and Still
Accruing
Non-
Accrual		Total
Past Due 		CurrentTotal
Loans and
Leases		Non-accrual with No ACL
December 31, 2025
Commercial real estate$10 $— $45 $55 $12,219 $12,274 $18 
Commercial and industrial10 — 35 45 7,673 7,718 15 
Commercial leases— — 3 3 788 791 — 
Other34 1 2 37 104 141 — 
Total commercial loans and leases54 1 85 140 20,784 20,924 33 
Direct installment8 1 4 13 2,665 2,678 — 
Residential mortgages47 9 12 68 8,814 8,882 1 
Indirect installment14 — 1 15 752 767 — 
Consumer lines of credit7 2 3 12 1,514 1,526 — 
Total consumer loans76 12 20 108 13,745 13,853 1 
Total loans and leases$130 $13 $105 $248 $34,529 $34,777 $34 
Schedule of Non-Performing Assets
Following is a summary of non-performing assets:
TABLE 4.6
(dollars in millions)September 30,
2026		December 31,
2025
Non-accrual loans$119 $105 
Total non-performing loans and leases119 105 
Other real estate owned 2 3 
Total non-performing assets$121 $108 
Asset quality ratios:
Non-performing loans and leases / total loans and leases0.33 %0.30 %
Non-performing assets plus 90 days or more past due / total loans and leases plus OREO
0.47 0.35 
Schedule of Financing Receivable, Modified
The following table shows the amortized cost basis at the end of the reporting period of the loans modified during the period to borrowers experiencing financial difficulty, disaggregated by class of financing receivable, type of concession granted and the financial effect of the modifications made to borrowers experiencing financial difficulty:
TABLE 4.7
(dollars in millions)Amortized Cost Basis% of Total Class of Financing ReceivableFinancial Effect
Three Months Ended September 30, 2026
Term Extension
Commercial real estate$1.1 0.01 %
The modified loans had an average increase in term of 9 months, extending the maturity date.
Commercial and industrial11.5 0.13 
The modified loans had an average increase in term of 3 months, extending the maturity date.
Direct installment0.5 0.02 
The modified loans had an average increase in term of 14 months, extending the maturity date.
Residential mortgages0.3 — 
The modified loans had an average increase in term of 78 months, extending the maturity date.
Consumer lines of credit0.2 0.01 
The modified loans had an average increase in term of 243 months, extending the maturity date.
Total13.6 
Term Extension and Rate Reduction
Commercial and industrial0.1 — Modifications were made with no material financial effect.
Residential mortgages0.9 0.01 Modifications were made with no material financial effect.
Total1.0 
Other
Commercial real estate3.2 0.03 
The majority resulted in a 3 to 5 month deferral on principal payments.
Commercial and industrial4.0 0.05 
The majority resulted in a 3 to 6 month deferral on principal payments.
Total7.2 
Total Outstanding Modified$21.8 
(dollars in millions)Amortized Cost Basis% of Total Class of Financing ReceivableFinancial Effect
Nine Months Ended September 30, 2026
Term Extension
Commercial real estate$18.1 0.15 %
The modified loans had an average increase in term of 13 months, extending the maturity date.
Commercial and industrial11.8 0.13 
The modified loans had an average increase in term of 4 months, extending the maturity date.
Direct installment1.2 0.05 
The modified loans had an average increase in term of 16 months, extending the maturity date.
Residential mortgages3.5 0.04 
The modified loans had an average increase in term of 46 months, extending the maturity date.
Consumer lines of credit0.2 0.01 
The modified loans had an average increase in term of 225 months, extending the maturity date.
Total34.8 
Term Extension and Rate Reduction
Commercial real estate11.6 0.10 
The modified loan had an increase in term of 15 months, extending the maturity date, with a weighted average yield reduction of 300 basis points, and other collateral terms.
Commercial and industrial0.1 — Multiple modifications were made with no material financial effect.
Residential mortgages1.9 0.02 
The modified loans had an increase in term of 132 months, extending the maturity date, with a weighted average yield reduction of 213 basis points.
Total13.6 
Other
Commercial real estate6.2 0.05 
The majority resulted in a 3 to 5 month deferral on principal payments.
Commercial and industrial8.1 0.09 
The majority resulted in a 3 to 6 month deferral on principal payments.
Consumer lines of credit0.3 0.02 Modifications were made with no material financial effect.
Total14.6 
Total Outstanding Modified$63.0 
(dollars in millions)Amortized Cost Basis% of Total Class of Financing ReceivableFinancial Effect
Three Months Ended September 30, 2025
Term Extension
Commercial real estate$1.0 0.01 %
The modified loans had an average increase in term of 10 months, extending the maturity date.
Commercial and industrial0.3 — 
The modified loans had an average increase in term of 72 months, extending the maturity date.
Direct installment0.4 0.01 
The modified loans had an average increase in term of 36 months, extending the maturity date.
Residential mortgages0.7 0.01 
The modified loans had an average increase in term of 117 months, extending the maturity date.
Consumer lines of credit0.2 0.01 
The modified loans had an average increase in term of 129 months, extending the maturity date.
Total2.6 
Term Extension and Rate Reduction
Residential mortgages0.7 0.01 Multiple modifications were made with no material financial effect.
Total0.7 
Other
Commercial real estate0.8 0.01 Multiple modifications were made with no material financial effect.
Commercial and industrial1.3 0.02 Multiple modifications were made with no material financial effect.
Total2.1 
Total Outstanding Modified$5.4 
Nine Months Ended September 30, 2025
Term Extension
Commercial real estate$2.7 0.02 %
The modified loans had an average increase in term of 5 months, extending the maturity date.
Commercial and industrial1.2 0.02 
The modified loans had an average increase in term of 41 months, extending the maturity date.
Direct installment1.9 0.07 
The modified loans had an average increase in term of 26 months, extending the maturity date.
Residential mortgages3.6 0.04 
The modified loans had an average increase in term of 44 months, extending the maturity date.
Consumer lines of credit0.6 0.04 
The modified loans had an average increase in term of 165 months, extending the maturity date.
Total10.0 
Term Extension and Rate Reduction
Commercial and industrial0.1 — Multiple modifications were made with no material financial effect.
Residential mortgages1.9 0.02 
The term was extended, with a weighted average yield reduction of 100 basis points to 475 basis points with extensions up to 28 years.
Total2.0 
Other
Commercial real estate2.2 0.02 
The majority resulted in a 3-month deferral on principal payments.
Commercial and industrial2.2 0.03 
The majority resulted in a 3-month deferral on principal payments.
Total4.4 
Total Outstanding Modified$16.4 
We closely monitor the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of our modification efforts. The following table depicts the performance of loans that have been modified in the last 12 months:
TABLE 4.9
Payment status - amortization cost basis:
(in millions)Current30-89 Days Past Due90+ Days Past Due
September 30, 2026
Commercial real estate$36.4 $0.2 $— 
Commercial and industrial20.6 2.6 0.1 
Total commercial loans and leases57.0 2.8 0.1 
Direct installment1.2 0.2 0.1 
Residential mortgages4.1 3.2 0.8 
Consumer lines of credit0.6 — — 
Total consumer loans5.9 3.4 0.9 
Total$62.9 $6.2 $1.0 
(in millions)Current30-89 Days Past Due90+ Days Past Due
September 30, 2025
Commercial real estate$20.9 $— $1.3 
Commercial and industrial2.9 0.8 1.8 
Total commercial loans and leases23.8 0.8 3.1 
Direct installment1.8 — 0.3 
Residential mortgages5.6 1.0 0.7 
Consumer lines of credit1.0 — — 
Total consumer loans8.4 1.0 1.0 
Total$32.2 $1.8 $4.1 
Schedule of Financing Receivable, Modified, Subsequent Default
Following is a summary of loans modified in a manner that grants a concession to a borrower experiencing financial difficulties, by class, for which there was a payment default, excluding loans that have been paid off and/or sold. Default occurs when a loan is 90 days or more past due or in non-accrual and is within 12 months of restructuring.
TABLE 4.8
Amortized cost basis of modified financing receivables that subsequently defaulted:
(in millions)Term ExtensionTerm Extension and Rate ReductionOtherTotal Outstanding Modified
Three Months Ended September 30, 2026
Commercial and industrial$12.1 $— $2.6 $14.7 
Total commercial loans and leases12.1 — 2.6 14.7 
Direct installment0.2 — — 0.2 
Residential mortgages0.5 — — 0.5 
Consumer lines of credit0.1 — — 0.1 
Total consumer loans0.8 — — 0.8 
Total $12.9 $— $2.6 $15.5 
Nine Months Ended September 30, 2026
Commercial real estate$— $11.6 $1.0 $12.6 
Commercial and industrial13.1 — 3.1 16.2 
Total commercial loans and leases13.1 11.6 4.1 28.8 
Direct installment0.5 — — 0.5 
Residential mortgages3.8 1.8 — 5.6 
Consumer lines of credit0.2 — — 0.2 
Total consumer loans4.5 1.8 — 6.3 
Total$17.6 $13.4 $4.1 $35.1 
(in millions)Term ExtensionTerm Extension and Rate ReductionOtherTotal Outstanding Modified
Three Months Ended September 30, 2025
Commercial real estate$0.1 $— $— $0.1 
Total commercial loans and leases0.1 — — 0.1 
Total$0.1 $— $— $0.1 
Nine Months Ended September 30, 2025
Commercial real estate$1.1 $— $1.9 $3.0 
Commercial and industrial0.5 3.0 3.8 7.3 
Total commercial loans and leases1.6 3.0 5.7 10.3 
Direct installment0.4 — — 0.4 
Residential mortgages2.4 0.5 — 2.9 
Consumer lines of credit0.2 — — 0.2 
Total consumer loans3.0 0.5 — 3.5 
Total$4.6 $3.5 $5.7 $13.8