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Loans and Leases (Tables)
 12 Months Ended
Dec. 31, 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 December 31:
($ in millions)20242023
Loans and leases held for sale:
Commercial and industrial loans$15 41 
Commercial mortgage loans22 — 
Commercial construction loans29 — 
Commercial leases— 3 
Residential mortgage loans574 334 
Total loans and leases held for sale$640 378 
Portfolio loans and leases:
Commercial and industrial loans$52,271 53,270 
Commercial mortgage loans12,246 11,276 
Commercial construction loans5,588 5,621 
Commercial leases3,188 2,579 
Total commercial loans and leases$73,293 72,746 
Residential mortgage loans$17,543 17,026 
Home equity4,188 3,916 
Indirect secured consumer loans16,313 14,965 
Credit card1,734 1,865 
Solar energy installation loans4,202 3,728 
Other consumer loans2,518 2,988 
Total consumer loans$46,498 44,488 
Total portfolio loans and leases$119,791 117,234 
Total Loans and Leases Owned by the Bancorp
The following table presents a summary of the total loans and leases owned by the Bancorp and net charge-offs (recoveries) as of and for the years ended December 31:
Carrying Value
90 Days Past Due and Still Accruing(a)
Net Charge-Offs (Recoveries)
($ in millions)202420232024202320242023
Commercial and industrial loans$52,286 53,311 5 8 242 155 
Commercial mortgage loans12,268 11,276 — — — (2)
Commercial construction loans5,617 5,621 — — — 1 
Commercial leases3,188 2,582 1 — 2 (1)
Residential mortgage loans18,117 17,360 6 7 (2)— 
Home equity4,188 3,916 — — (1)1 
Indirect secured consumer loans16,313 14,965 — — 90 72 
Credit card1,734 1,865 20 21 68 64 
Solar energy installation loans4,202 3,728 — — 56 26 
Other consumer loans2,518 2,988 — — 77 72 
Total loans and leases$120,431 117,612 32 36 532 388 
Less: Loans and leases held for sale640 378 
Total portfolio loans and leases$119,791 117,234 
(a)Excludes government guaranteed residential mortgage loans.
Investment in Lease Financing
The following table presents the components of the net investment in portfolio leases as of December 31:
($ in millions)(a)
20242023
Net investment in direct financing leases:
Lease payment receivable (present value)$631 556 
Unguaranteed residual assets (present value)121 105 
Net investment in sales-type leases:
Lease payment receivable (present value)2,102 1,585 
Unguaranteed residual assets (present value)86 84 
(a)Excludes $248 and $249 of leveraged leases at December 31, 2024 and 2023, respectively.
Sales-Type and Direct Financing Leases, Payment to be Received, Maturity
The following table presents undiscounted cash flows for both direct financing and sales-type portfolio leases for 2025 through 2029 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows:
As of December 31, 2024 ($ in millions)Direct Financing
Leases		Sales-Type Leases
2025$197 653 
2026169 508 
2027137 438 
202876 313 
202953 172 
Thereafter69 229 
Total undiscounted cash flows$701 2,313 
Less: Difference between undiscounted cash flows and discounted cash flows70 211 
Present value of lease payments (recognized as lease receivables)$631 2,102