Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2023

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Rollforward Of The Allowance For Loan Losses By Portfolio Segment

The following table provides a rollforward of the ALLL and the reserve for unfunded lending commitments by portfolio type for the three and six months ended June 30, 2023 and 2022:

ROLLFORWARD OF ALLL & RESERVE FOR UNFUNDED LENDING COMMITMENTS
(Dollars in millions)	Commercial, Financial, and Industrial (a)		Commercial Real Estate		Consumer Real Estate		Credit Card and Other		Total
	Three Months Ended June 30, 2023
Allowance for loan and lease losses:
Balance as of April 1, 2023	$	325	$	150	$	209	$	31	$	715
Charge-offs	(19)		(8)		(1)		(5)		(33)
Recoveries	5		1		3		1		10
Provision for loan and lease losses	15		16		10		4		45
Balance as of June 30, 2023	$	326	$	159	$	221	$	31	$	737
Reserve for remaining unfunded commitments:
Balance as of April 1, 2023	$	53	$	21	$	11	$	—	$	85
Provision for remaining unfunded commitments	2		3		—		—		5
Balance as of June 30, 2023	55		24		11		—		90
Allowance for credit losses as of June 30, 2023	$	381	$	183	$	232	$	31	$	827
	Three Months Ended June 30, 2022
Allowance for loan and lease losses:
Balance as of April 1, 2022	$	287	$	151	$	164	$	20	$	622
Charge-offs	(12)		—		(2)		(7)		(21)
Recoveries	1		1		6		1		9
Provision for loan and lease losses	(2)		(11)		15		12		14
Balance as of June 30, 2022	$	274	$	141	$	183	$	26	$	624
Reserve for remaining unfunded commitments:
Balance as of April 1, 2022	$	43	$	12	$	9	$	—	$	64
Provision for remaining unfunded commitments	10		5		1		—		16
Balance as of June 30, 2022	53		17		10		—		80
Allowance for credit losses as of June 30, 2022	$	327	$	158	$	193	$	26	$	704

(Dollars in millions)	Commercial, Financial, and Industrial (a)		Commercial Real Estate		Consumer Real Estate		Credit Card and Other		Total
	Six Months Ended June 30, 2023
Allowance for loan and lease losses:
Balance as of January 1, 2023	$	308	$	146	$	200	$	31	$	685
Adoption of ASU 2022-02	1		—		(7)		—		(6)
Charge-offs	(33)		(10)		(1)		(10)		(54)
Recoveries	7		1		5		2		15
Provision for loan and lease losses	43		22		24		8		97
Balance as of June 30, 2023	$	326	$	159	$	221	$	31	$	737
Reserve for remaining unfunded commitments:
Balance as of January 1, 2023	$	55	$	22	$	10	$	—	$	87
Provision for remaining unfunded commitments	—		2		1		—		3
Balance as of June 30, 2023	55		24		11		—		90
Allowance for credit losses as of June 30, 2023	$	381	$	183	$	232	$	31	$	827
	Six Months Ended June 30, 2022
Allowance for loan and lease losses:
Balance as of January 1, 2022	$	334	$	154	$	163	$	19	$	670
Charge-offs	(25)		—		(3)		(12)		(40)
Recoveries	4		1		11		2		18
Provision for loan and lease losses	(39)		(14)		12		17		(24)
Balance as of June 30, 2022	$	274	$	141	$	183	$	26	$	624
Reserve for remaining unfunded commitments:
Balance as of January 1, 2022	$	46	$	12	$	8	$	—	$	66
Provision for remaining unfunded commitments	7		5		2		—		14
Balance as of June 30, 2022	53		17		10		—		80
Allowance for credit losses as of June 30, 2022	$	327	$	158	$	193	$	26	$	704

(a) C&I loans as of June 30, 2023 and 2022 include $44 million and $375 million in PPP loans, respectively, which due to the government guarantee and forgiveness provisions are considered to have no credit risk and therefore have no allowance for loan and lease losses.

Schedule Of Gross Charge Offs by Year of Origination

The following table represents gross charge-offs by year of origination for the six months ended June 30, 2023:

GROSS CHARGE-OFFS
(Dollars in millions)	2023		2022		2021		2020		2019		Prior to 2019		Revolving Loans		Total
C&I	$	1	$	5	$	6	$	4	$	6	$	10	$	1	$	33
CRE	—		—		—		—		2		8		—		10
Consumer Real Estate	—		—		—		—		—		1		—		1
Credit Card and Other	6		—		—		—		—		1		3		10
Total	$	7	$	5	$	6	$	4	$	8	$	20	$	4	$	54