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Loans and leases and the allowance for credit losses (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Summary of Current, Past Due and Nonaccrual Loans
A summary of current, past due and nonaccrual loans as of March 31, 2025 and December 31, 2024 follows:
(Dollars in millions)Current30-89 Days
Past Due		Accruing Loans Past Due 90 Days or MoreNonaccrualTotal (a) (b)
March 31, 2025
Commercial and industrial$59,671 $256 $7 $662 $60,596 
Real estate:   
Commercial (c)19,351 351 — 394 20,096 
Residential builder and developer (d)819 6 — 1 826 
Other commercial construction4,867 50 — 28 4,945 
Residential (e)22,053 579 368 284 23,284 
Consumer:   
Home equity lines and loans4,450 28 — 78 4,556 
Recreational finance12,794 93 — 26 12,913 
Automobile5,064 52 — 11 5,127 
Other2,134 32 9 56 2,231 
Total$131,203 $1,447 $384 $1,540 $134,574 
December 31, 2024
Commercial and industrial$60,374 $399 $12 $696 $61,481 
Real estate:   
Commercial (c)20,054 255 3 468 20,780 
Residential builder and developer830 3 — 2 835 
Other commercial construction5,018 65 — 66 5,149 
Residential (e)21,853 719 315 279 23,166 
Consumer:   
Home equity lines and loans4,482 29 — 81 4,592 
Recreational finance12,429 104 — 31 12,564 
Automobile4,724 58 — 12 4,794 
Other2,134 23 8 55 2,220 
Total$131,898 $1,655 $338 $1,690 $135,581 
__________________________________________________________________________________
(a)Balances include net discounts, comprised of unamortized premiums, discounts and net deferred loan fees and costs of $265 million and $277 million at March 31, 2025 and December 31, 2024, respectively.
(b)Balances exclude accrued interest receivable of $603 million and $628 million at March 31, 2025 and December 31, 2024, respectively, which is included as Accrued interest and other assets in the Company's Consolidated Balance Sheet.
(c)Commercial real estate loans held for sale were $192 million at March 31, 2025 and $310 million at December 31, 2024.
(d)Residential builder and developer loans held for sale were $693 million at March 31, 2025.
(e)One-to-four family residential mortgage loans held for sale were $179 million at March 31, 2025 and $211 million at December 31, 2024.
Summary of Loan grades applied various classes of Commercial and Real Estate Loans The following table summarizes the loan grades applied at March 31, 2025 to the various classes of the Company’s commercial and industrial loans and commercial real estate loans and gross charge-offs for those types of loans for the three-month period ended March 31, 2025 by origination year.
 Term Loans by Origination YearRevolving
Loans		Revolving Loans Converted to Term
Loans		Total
(Dollars in millions)20252024202320222021Prior
Commercial and industrial:
Pass$2,222 $8,230 $5,812 $5,456 $2,918 $6,474 $25,358 $94 $56,564 
Criticized accrual29 272 393 403 188 588 1,461 36 3,370 
Criticized nonaccrual— 11 66 102 41 270 154 18 662 
Total commercial and industrial$2,251 $8,513 $6,271 $5,961 $3,147 $7,332 $26,973 $148 $60,596 
Gross charge-offs three months ended March 31, 2025$— $3 $8 $9 $2 $5 $23 $— $50 
Real estate:
Commercial:
Pass$538 $402 $1,492 $1,310 $1,196 $11,051 $447 $— $16,436 
Criticized accrual— 39 352 560 279 2,029 7 — 3,266 
Criticized nonaccrual— 1 1 55 25 311 1 — 394 
Total commercial real estate$538 $442 $1,845 $1,925 $1,500 $13,391 $455 $— $20,096 
Gross charge-offs three months ended March 31, 2025$— $— $— $— $— $22 $— $— $22 
Residential builder and developer:
Pass$124 $327 $171 $41 $11 $14 $66 $— $754 
Criticized accrual1 18 22 30 — — — — 71 
Criticized nonaccrual— 1 — — — — — — 1 
Total residential builder and developer$125 $346 $193 $71 $11 $14 $66 $— $826 
Gross charge-offs three months ended March 31, 2025$— $— $— $— $— $— $— $— $— 
Other commercial construction:
Pass$4 $165 $1,407 $982 $213 $500 $39 $— $3,310 
Criticized accrual— 2 126 729 309 435 6 — 1,607 
Criticized nonaccrual— — 1 16 1 10 — — 28 
Total other commercial construction$4 $167 $1,534 $1,727 $523 $945 $45 $— $4,945 
Gross charge-offs three months ended March 31, 2025$— $— $— $— $— $— $— $— $— 
The following table summarizes the loan grades applied at December 31, 2024 to the various classes of the Company’s commercial and industrial loans and commercial real estate loans by origination year.
Term Loans by Origination YearRevolving
Loans		Revolving Loans Converted to Term
Loans		 
(Dollars in millions)20242023202220212020PriorTotal
Commercial and industrial: 
 Pass$9,021 $6,454 $5,845 $3,258 $1,534 $5,147 $26,262 $79 $57,600 
 Criticized accrual189 385 402 210 75 528 1,359 37 3,185 
 Criticized nonaccrual11 56 98 41 59 220 194 17 696 
Total commercial and industrial$9,221 $6,895 $6,345 $3,509 $1,668 $5,895 $27,815 $133 $61,481 
Real estate: 
Commercial: 
 Pass$674 $1,477 $1,358 $1,222 $1,774 $9,611 $413 $— $16,529 
 Criticized accrual39 389 665 253 591 1,839 7 — 3,783 
 Criticized nonaccrual1 1 53 26 17 369 1 — 468 
Total commercial real estate$714 $1,867 $2,076 $1,501 $2,382 $11,819 $421 $— $20,780 
Residential builder and developer: 
 Pass$380 $236 $40 $12 $4 $10 $60 $— $742 
 Criticized accrual15 42 34 — — — — — 91 
 Criticized nonaccrual1 — — — — 1 — — 2 
Total residential builder and developer$396 $278 $74 $12 $4 $11 $60 $— $835 
Other commercial construction: 
 Pass$108 $1,395 $1,091 $269 $175 $379 $42 $— $3,459 
 Criticized accrual42 104 687 346 297 145 3 — 1,624 
 Criticized nonaccrual— — 17 33 — 16 — — 66 
Total other commercial construction$150 $1,499 $1,795 $648 $472 $540 $45 $— $5,149 
Summary of loans in Accrual and Nonaccrual Status A summary of loans in accrual and nonaccrual status at March 31, 2025 for the various classes of the Company’s residential real estate loans and consumer loans and gross charge-offs for those types of loans for the three-month period ended March 31, 2025 by origination year follows:
 Term Loans by Origination YearRevolving
Loans		Revolving Loans Converted to Term
Loans		 Total
(Dollars in millions)20252024202320222021Prior
Residential real estate:
Current$776 $2,031 $1,317 $4,347 $3,432 $10,044 $106 $— $22,053 
30-89 days past due— 11 15 94 62 397 — — 579 
Accruing loans past due 90 days or more— 3 12 44 75 234 — — 368 
Nonaccrual— 1 4 38 17 222 2 — 284 
Total residential real estate$776 $2,046 $1,348 $4,523 $3,586 $10,897 $108 $— $23,284 
Gross charge-offs three months ended March 31, 2025$— $— $— $— $— $2 $— $— $2 
Consumer:  
Home equity lines and loans:  
Current$— $— $— $— $1 $88 $3,065 $1,296 $4,450 
30-89 days past due— — — — — 1 — 27 28 
Accruing loans past due 90 days or more— — — — — — — — — 
Nonaccrual— — — — — 3 — 75 78 
Total home equity lines and loans$— $— $— $— $1 $92 $3,065 $1,398 $4,556 
Gross charge-offs three months ended March 31, 2025$— $— $— $— $— $— $— $1 $1 
Recreational finance:  
Current$995 $3,701 $2,075 $1,956 $1,589 $2,478 $— $— $12,794 
30-89 days past due1 13 17 15 16 31 — — 93 
Accruing loans past due 90 days or more— — — — — — — — — 
Nonaccrual— 4 6 4 4 8 — — 26 
Total recreational finance$996 $3,718 $2,098 $1,975 $1,609 $2,517 $— $— $12,913 
Gross charge-offs three months ended March 31, 2025$— $5 $8 $7 $7 $13 $— $— $40 
Automobile: 
Current$471 $2,250 $772 $715 $582 $274 $— $— $5,064 
30-89 days past due— 13 13 11 9 6 — — 52 
Accruing loans past due 90 days or more— — — — — — — — — 
Nonaccrual— 3 2 2 2 2 — — 11 
Total automobile$471 $2,266 $787 $728 $593 $282 $— $— $5,127 
Gross charge-offs three months ended March 31, 2025$— $3 $3 $3 $2 $1 $— $— $12 
Other:  
Current$103 $222 $134 $90 $64 $30 $1,490 $1 $2,134 
30-89 days past due2 2 2 1 — — 24 1 32 
Accruing loans past due 90 days or more— — — — — — 9 — 9 
Nonaccrual1 1 1 1 — — 52 — 56 
Total other$106 $225 $137 $92 $64 $30 $1,575 $2 $2,231 
Gross charge-offs three months ended March 31, 2025$1 $6 $3 $1 $1 $1 $20 $— $33 
Total loans and leases at March 31, 2025$5,267 $17,723 $14,213 $17,002 $11,034 $35,500 $32,287 $1,548 $134,574 
Total gross charge-offs for the three months ended
   March 31, 2025
$1 $17 $22 $20 $12 $44 $43 $1 $160 
A summary of loans in accrual and nonaccrual status at December 31, 2024 for the various classes of the Company’s residential real estate loans and consumer loans by origination year follows:
Term Loans by Origination YearRevolving
Loans		Revolving Loans Converted to Term
Loans		Total
(Dollars in millions)20242023202220212020Prior
Residential real estate:
Current$2,264 $1,354 $4,394 $3,488 $2,376 $7,874 $103 $— $21,853 
30-89 days past due12 9 111 77 38 472 — — 719 
Accruing loans past due 90 days or more1 7 39 47 20 201 — — 315 
Nonaccrual— 2 27 16 5 226 3 — 279 
Total residential real estate$2,277 $1,372 $4,571 $3,628 $2,439 $8,773 $106 $— $23,166 
Consumer:
Home equity lines and loans:
Current$— $— $— $2 $2 $91 $3,085 $1,302 $4,482 
30-89 days past due— — — — — 2 — 27 29 
Accruing loans past due 90 days or more— — — — — — — — — 
Nonaccrual— — — — — 2 — 79 81 
Total home equity lines and loans$— $— $— $2 $2 $95 $3,085 $1,408 $4,592 
Recreational finance:
Current$3,918 $2,203 $2,044 $1,661 $1,100 $1,503 $— $— $12,429 
30-89 days past due13 18 15 20 15 23 — — 104 
Accruing loans past due 90 days or more— — — — — — — — — 
Nonaccrual3 6 6 5 4 7 — — 31 
Total recreational finance$3,934 $2,227 $2,065 $1,686 $1,119 $1,533 $— $— $12,564 
Automobile:
Current$2,264 $775 $740 $632 $220 $93 $— $— $4,724 
30-89 days past due11 13 13 12 5 4 — — 58 
Accruing loans past due 90 days or more— — — — — — — — — 
Nonaccrual2 2 3 2 1 2 — — 12 
Total automobile$2,277 $790 $756 $646 $226 $99 $— $— $4,794 
Other:
Current$259 $152 $102 $71 $16 $18 $1,515 $1 $2,134 
30-89 days past due4 2 1 1 — — 14 1 23 
Accruing loans past due 90 days or more— — — — — — 8 — 8 
Nonaccrual2 1 1 — — — 51 — 55 
Total other$265 $155 $104 $72 $16 $18 $1,588 $2 $2,220 
Total loans and leases at
   December 31, 2024
$19,234 $15,083 $17,786 $11,704 $8,328 $28,783 $33,120 $1,543 $135,581 
Changes in Allowance for Credit Losses Changes in the allowance for credit losses for the three months ended March 31, 2025 and 2024 were as follows:
Commercial
and Industrial		Real Estate   
(Dollars in millions)Commercial Residential Consumer Total
Three Months Ended March 31, 2025
Beginning balance$769 $599 $108 $708 $2,184 
Provision for credit losses22 30 (3)81 130 
Net charge-offs:
Charge-offs(50)(22)(2)(86)(160)
Recoveries21 3 2 20 46 
Net charge-offs(29)(19)— (66)(114)
Ending balance$762 $610 $105 $723 $2,200 
Three Months Ended March 31, 2024
Beginning balance$620 $764 $116 $629 $2,129 
Provision for credit losses137 9 2 52 200 
Net charge-offs:
Charge-offs(78)(25)(1)(59)(163)
Recoveries5 6 1 13 25 
Net charge-offs(73)(19)— (46)(138)
Ending balance$684 $754 $118 $635 $2,191 
Loan and Leases Considered Nonaccrual and Interest Income Recognized on Loans
Information with respect to loans and leases that were considered nonaccrual at the beginning and end of the reporting period and the interest income recognized on such loans for the three-month periods ended March 31, 2025 and 2024 follows:
 Amortized Cost with AllowanceAmortized Cost without AllowanceTotalAmortized CostInterest Income Recognized
(Dollars in millions)March 31, 2025January 1, 2025Three Months
Ended
March 31,
2025
Commercial and industrial$522 $140 $662 $696 $6 
Real estate:     
Commercial341 53 394 468 7 
Residential builder and developer1 — 1 2 — 
Other commercial construction23 5 28 66 — 
Residential135 149 284 279 3 
Consumer:     
Home equity lines and loans36 42 78 81 2 
Recreational finance17 9 26 31 — 
Automobile8 3 11 12 — 
Other56 — 56 55 — 
Total$1,139 $401 $1,540 $1,690 $18 
(Dollars in millions)March 31, 2024January 1, 2024Three Months
Ended
March 31,
2024
Commercial and industrial$590 $274 $864 $670 $2 
Real estate:
Commercial379 476 855 869 6 
Residential builder and developer3 — 3 3 — 
Other commercial construction33 108 141 171 — 
Residential100 155 255 270 4 
Consumer:
Home equity lines and loans48 39 87 81 1 
Recreational finance18 12 30 36 — 
Automobile7 6 13 14 — 
Other54 — 54 52 — 
Total$1,232 $1,070 $2,302 $2,166 $13 
Loan Modification Activities to Borrowers Experiencing Financial Difficulty on Financing Receivables The table that follows summarizes the Company’s loan modification activities to borrowers experiencing financial difficulty for the three-month periods ended March 31, 2025 and 2024:
Amortized Cost
(Dollars in millions)Term ExtensionOther (a)Combination of Modification Types (b)Total (c) (d)Percent of Total Loan Class
Three Months Ended March 31, 2025
Commercial and industrial$35 $2 $74 $111 .18 %
Real estate:
Commercial131 — — 131 .65 
Residential builder and developer— — — — — 
Other commercial construction225 — — 225 4.53 
Residential40 3 7 50 .22 
Consumer:
Home equity lines and loans— — — — — 
Recreational finance— — — — — 
Automobile— — — — — 
Other— — — — — 
Total$431 $5 $81 $517 .38 %
Three Months Ended March 31, 2024
Commercial and industrial$139 $45 $— $184 .32 %
Real estate:
Commercial267 — 3 270 1.07 
Residential builder and developer2 — — 2 .18 
Other commercial construction131 — — 131 2.11 
Residential45 5 1 51 .22 
Consumer:
Home equity lines and loans— — — — — 
Recreational finance— — — — — 
Automobile— — — — — 
Other— — — — — 
Total$584 $50 $4 $638 .47 %
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(a)Predominantly payment deferrals.
(b)Predominantly term extensions combined with payment deferrals or interest rate reductions for the three-month periods ended March 31, 2025 and 2024, respectively.
(c)Includes approximately $36 million and $44 million of loans guaranteed by government-related entities (predominantly first lien residential mortgage loans) for the three-month periods ended March 31, 2025 and 2024, respectively.
(d)Excludes unfunded commitments to extend credit totaling $9 million and $29 million for the three-month periods ended March 31, 2025 and 2024, respectively.
Summary of Payment Status of Loans Modified The following table summarizes the payment status, at March 31, 2025 and 2024, of loans that were modified during the twelve-month period ended March 31, 2025 and 2024.
Payment Status (Amortized Cost) (a)
(Dollars in millions)Current30-89 Days Past Due
Past Due 90 Days or More (b)
Total
Twelve Months Ended March 31, 2025
Commercial and industrial$293 $3 $17 $313 
Real estate:
Commercial419 49 — 468 
Residential builder and developer1 — — 1 
Other commercial construction289 30 9 328 
Residential (c)104 35 41 180 
Consumer:
Home equity lines and loans1 — — 1 
Recreational finance1 — — 1 
Automobile— — — — 
Other— — — — 
Total$1,108 $117 $67 $1,292 
Twelve Months Ended March 31, 2024
Commercial and industrial$310 $7 $10 $327 
Real estate:
Commercial715 33 24 772 
Residential builder and developer14 39 — 53 
Other commercial construction534 5 — 539 
Residential (c)118 37 30 185 
Consumer:
Home equity lines and loans2 — — 2 
Recreational finance— — — — 
Automobile— — — — 
Other— — — — 
Total$1,693 $121 $64 $1,878 
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(a) As of respective period end.
(b) Predominantly loan modifications with term extensions.
(c) Includes loans guaranteed by government-related entities classified as 30 to 89 days past due of $29 million and $30 million and as past due 90 days or more of $34 million and $27 million at March 31, 2025 and 2024, respectively.