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Loans and Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Loans and Leases Classified by Primary Purpose
The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of:

($ in millions)		September 30,
2024		December 31,
2023
Loans and leases held for sale:
Commercial and industrial loans$14 41 
Commercial mortgage loans34 — 
Commercial construction loans50 — 
Commercial leases2 3 
Residential mortgage loans512 334 
Total loans and leases held for sale$612 378 
Portfolio loans and leases:
Commercial and industrial loans$50,916 53,270 
Commercial mortgage loans11,394 11,276 
Commercial construction loans5,947 5,621 
Commercial leases2,873 2,579 
Total commercial loans and leases$71,130 72,746 
Residential mortgage loans$17,166 17,026 
Home equity4,074 3,916 
Indirect secured consumer loans15,942 14,965 
Credit card1,703 1,865 
Solar energy installation loans4,078 3,728 
Other consumer loans2,575 2,988 
Total consumer loans$45,538 44,488 
Total portfolio loans and leases$116,668 117,234 
Total Loans and Leases Owned by the Bancorp
The following table presents a summary of the total loans and leases owned by the Bancorp as of:
Carrying Value
90 Days Past Due and Still Accruing(a)

($ in millions)		September 30,
2024		December 31,
2023		September 30,
2024		December 31,
2023
Commercial and industrial loans$50,930 53,311 10 8 
Commercial mortgage loans11,428 11,276 3 — 
Commercial construction loans5,997 5,621 — — 
Commercial leases2,875 2,582 1 — 
Residential mortgage loans17,678 17,360 8 7 
Home equity4,074 3,916 — — 
Indirect secured consumer loans15,942 14,965 — — 
Credit card1,703 1,865 18 21 
Solar energy installation loans4,078 3,728 — — 
Other consumer loans2,575 2,988 — — 
Total loans and leases$117,280 117,612 40 36 
Less: Loans and leases held for sale612 378 
Total portfolio loans and leases$116,668 117,234 
(a)Excludes government guaranteed residential mortgage loans.

The following table presents a summary of net charge-offs (recoveries):
For the three months ended
September 30,		For the nine months ended
September 30,
($ in millions)2024202320242023
Commercial and industrial loans$72 65 187 127 
Commercial construction loans— — — 1 
Commercial leases— (1)— (1)
Residential mortgage loans(1)— (1)— 
Home equity— — — 1 
Indirect secured consumer loans22 19 63 48 
Credit card16 15 52 46 
Solar energy installation loans14 8 39 16 
Other consumer loans19 18 56 54 
Total net charge-offs$142 124 396 292 
Investment in Lease Financing
The following table presents the components of the net investment in portfolio leases as of:
($ in millions)(a)
September 30,
2024		December 31,
2023
Net investment in direct financing leases:
Lease payment receivable (present value)$593 556 
Unguaranteed residual assets (present value)119 105 
Net investment in sales-type leases:
Lease payment receivable (present value)1,829 1,585 
Unguaranteed residual assets (present value)85 84 
(a)Excludes $247 and $249 of leveraged leases at September 30, 2024 and December 31, 2023, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The following table presents undiscounted cash flows for both direct financing and sales-type portfolio leases for the remainder of 2024 through 2029 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows:
As of September 30, 2024 ($ in millions)Direct Financing
Leases		Sales-Type Leases
Remainder of 2024$45 134 
2025184 595 
2026151 429 
2027117 359 
202866 237 
202940 101 
Thereafter53 127 
Total undiscounted cash flows$656 1,982 
Less: Difference between undiscounted cash flows and discounted cash flows63 153 
Present value of lease payments (recognized as lease receivables)$593 1,829