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Loans and Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Schedule of Loans and Leases by Portfolio Segment
The following table provides the amortized cost basis of loans and leases by portfolio segment and class as of December 31, 2024 and 2023, excluding accrued interest of $271 million and $287 million, respectively, which is included in other assets in the Consolidated Balance Sheets.
Table 8.3.1
LOANS AND LEASES BY PORTFOLIO SEGMENT
December 31,
(Dollars in millions)20242023
Commercial:
Commercial and industrial (a) (b)$29,957 $30,609 
Loans to mortgage companies3,471 2,024 
   Total commercial, financial, and industrial33,428 32,633 
Commercial real estate14,421 14,216 
Consumer:
HELOC2,092 2,219 
Real estate installment loans11,955 11,431 
   Total consumer real estate14,047 13,650 
Credit card and other (c)669 793 
Loans and leases$62,565 $61,292 
Allowance for loan and lease losses(815)(773)
Net loans and leases$61,750 $60,519 
(a)Includes equipment financing leases of $1.4 billion and $1.2 billion as of December 31, 2024 and 2023, respectively.
(b)Includes PPP loans fully guaranteed by the SBA of $12 million and $29 million as of December 31, 2024 and 2023, respectively.
(c)Includes $174 million and $180 million of commercial credit card balances as of December 31, 2024 and 2023, respectively.
Schedule of Financing Receivable Credit Quality Indicators
The following table provides the amortized cost basis of the commercial loan portfolio by year of origination and credit quality indicator as of December 31, 2024 and 2023.
Table 8.3.2
C&I PORTFOLIO
December 31, 2024
(Dollars in millions)20242023202220212020Prior to 2020LMC (a)Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12) (b)$5,590 $2,607 $3,649 $2,336 $1,055 $3,853 $3,471 $8,784 $248 $31,593 
Special Mention (PD grade 13)106 27 78 47 33 57 — 279 2 629 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)84 184 113 179 33 169 — 383 61 1,206 
Total C&I loans$5,780 $2,818 $3,840 $2,562 $1,121 $4,079 $3,471 $9,446 $311 $33,428 

December 31, 2023
(Dollars in millions)20232022202120202019Prior to 2019LMC (a)Revolving LoansRevolving Loans Converted to Term LoansTotal
Credit Quality Indicator:
Pass (PD grades 1 through 12) (b)$4,008 $5,637 $3,506 $1,636 $1,665 $3,448 $2,019 $9,087 $327 $31,333 
Special Mention (PD grade 13)75 60 64 56 101 57 — 186 — 599 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)41 135 94 51 39 100 5 187 49 701 
Total C&I loans$4,124 $5,832 $3,664 $1,743 $1,805 $3,605 $2,024 $9,460 $376 $32,633 
(a)LMC includes non-revolving commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower's sale of those mortgage loans to third party investors. The loans are of short duration with maturities of less than one year.
(b)    Balance includes PPP loans.
Table 8.3.3
CRE PORTFOLIO
December 31, 2024
(Dollars in millions)20242023202220212020Prior to 2020Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12)$694 $1,296 $3,282 $2,778 $894 $3,281 $340 $47 $12,612 
Special Mention (PD grade 13)— 42 280 198 37 130 — 1 688 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)3 31 251 278 116 436 6 — 1,121 
Total CRE loans$697 $1,369 $3,813 $3,254 $1,047 $3,847 $346 $48 $14,421 
December 31, 2023
(Dollars in millions)20232022202120202019Prior to 2019Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12)$853 $3,473 $3,518 $1,162 $1,216 $2,853 $393 $18 $13,486 
Special Mention (PD grade 13)5 1 129 86 175 82 — — 478 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)— 2 5 11 175 59 — — 252 
Total CRE loans$858 $3,476 $3,652 $1,259 $1,566 $2,994 $393 $18 $14,216 
The following table reflects the amortized cost basis by year of origination and refreshed FICO scores for
consumer real estate loans as of December 31, 2024 and 2023. Within consumer real estate, classes include HELOC and real estate installment loans. HELOCs are loans which during their draw period are classified as revolving loans. Once the draw period ends and the loan enters its repayment period, the loan converts to a term loan and is classified as a revolving loan converted to a term loan. All loans classified in the following table as revolving loans or revolving loans converted to term loans are HELOCs. Real estate installment loans are originated as fixed term loans and are classified below in their vintage year. All loans in the following tables classified in a vintage year are real estate installment loans.
Table 8.3.4
CONSUMER REAL ESTATE PORTFOLIO
December 31, 2024
(Dollars in millions)20242023202220212020Prior to 2020Revolving LoansRevolving Loans Converted to Term Loans Total
FICO score 740 or greater$1,045 $1,493 $2,009 $1,592 $675 $1,554 $1,430 $56 $9,854 
FICO score 720-739149 197 270 213 99 271 175 17 1,391 
FICO score 700-71998 140 217 175 72 242 150 18 1,112 
FICO score 660-699133 160 183 100 75 294 146 25 1,116 
FICO score 620-65911 10 17 21 20 122 30 9 240 
FICO score less than 62018 22 19 18 18 203 25 11 334 
Total consumer real estate loans$1,454 $2,022 $2,715 $2,119 $959 $2,686 $1,956 $136 $14,047 
December 31, 2023
(Dollars in millions)20232022202120202019Prior to 2019Revolving LoansRevolving Loans Converted to Term LoansTotal
FICO score 740 or greater$1,572 $2,099 $1,720 $730 $465 $1,332 $1,522 $50 $9,490 
FICO score 720-739205 286 227 107 88 230 192 15 1,350 
FICO score 700-719154 232 193 81 52 224 159 17 1,112 
FICO score 660-699170 198 113 83 53 290 168 18 1,093 
FICO score 620-65911 20 23 22 36 106 36 7 261 
FICO score less than 62018 19 15 20 12 225 24 11 344 
Total consumer real estate loans$2,130 $2,854 $2,291 $1,043 $706 $2,407 $2,101 $118 $13,650 
The following table reflects the amortized cost basis by year of origination and refreshed FICO scores for credit card and other loans as of December 31, 2024 and 2023.
Table 8.3.5
CREDIT CARD & OTHER PORTFOLIO
December 31, 2024
(Dollars in millions)20242023202220212020Prior to 2020Revolving LoansRevolving Loans Converted to Term LoansTotal
FICO score 740 or greater$21 $22 $10 $4 $2 $19 $197 $8 $283 
FICO score 720-7397 3 1 1 — 3 20 2 37 
FICO score 700-7191 2 2 — — 2 14 — 21 
FICO score 660-6991 2 1 — — 3 15 4 26 
FICO score 620-6592 1 — — — 1 9 — 13 
FICO score less than 6208 8 5 4 4 78 181 1 289 
Total credit card and other loans$40 $38 $19 $9 $6 $106 $436 $15 $669 
December 31, 2023
(Dollars in millions)20232022202120202019Prior to 2019Revolving LoansRevolving Loans Converted to Term LoansTotal
FICO score 740 or greater$52 $26 $10 $5 $3 $27 $207 $5 $335 
FICO score 720-7395 3 1 1 1 5 24 1 41 
FICO score 700-7195 4 1 1 1 4 25 1 42 
FICO score 660-6994 3 1 1 1 8 23 — 41 
FICO score 620-6592 1 1 — — 3 7 — 14 
FICO score less than 62012 9 6 8 13 103 168 1 320 
Total credit card and other loans$80 $46 $20 $16 $19 $150 $454 $8 $793 
Schedule of Accruing and Non-Accruing Loans by Class
The following table reflects accruing and non-accruing loans and leases by class on December 31, 2024 and 2023.
Table 8.3.6
ACCRUING & NON-ACCRUING LOANS & LEASES
December 31, 2024
 AccruingNon-Accruing 
(Dollars in millions)Current30-89
Days
Past Due		90+
Days
Past Due		Total
Accruing		Current30-89
Days
Past Due		90+
Days
Past Due		Total
Non-
Accruing		Total
Loans and Leases
Commercial, financial, and industrial:
C&I (a) $29,751 $32 $1 $29,784 $101 $26 $46 $173 $29,957 
Loans to mortgage companies3,471 — — 3,471 — — — — 3,471 
Total commercial, financial, and industrial33,222 32 1 33,255 101 26 46 173 33,428 
Commercial real estate:
CRE (b)14,124 3 — 14,127 221 10 63 294 14,421 
Consumer real estate:
HELOC (c)2,045 11 2 2,058 19 4 11 34 2,092 
Real estate installment loans (d)11,800 39 17 11,856 31 10 58 99 11,955 
Total consumer real estate13,845 50 19 13,914 50 14 69 133 14,047 
Credit card and other:
Credit card262 2 1 265 — — — — 265 
Other400 2 — 402 — 1 1 2 404 
Total credit card and other662 4 1 667 — 1 1 2 669 
Total loans and leases$61,853 $89 $21 $61,963 $372 $51 $179 $602 $62,565 
December 31, 2023
 AccruingNon-Accruing 
(Dollars in millions)Current30-89
Days
Past Due		90+
Days
Past Due		Total
Accruing		Current30-89
Days
Past Due		90+
Days
Past Due		Total
Non-
Accruing		Total
Loans and Leases
Commercial, financial, and industrial:
C&I (a)$30,398 $31 $1 $30,430 $108 $18 $53 $179 $30,609 
Loans to mortgage companies2,018 1 — 2,019 5 — — 5 2,024 
Total commercial, financial, and industrial32,416 32 1 32,449 113 18 53 184 32,633 
Commercial real estate:
CRE (b)14,072 8 — 14,080 41 — 95 136 14,216 
Consumer real estate:
HELOC (c)2,158 11 4 2,173 30 6 10 46 2,219 
Real estate installment loans (d)11,295 29 13 11,337 43 6 45 94 11,431 
Total consumer real estate13,453 40 17 13,510 73 12 55 140 13,650 
Credit card and other:
Credit card271 3 3 277 — — — — 277 
Other512 2 — 514 1 — 1 2 516 
Total credit card and other783 5 3 791 1 — 1 2 793 
Total loans and leases$60,724 $85 $21 $60,830 $228 $30 $204 $462 $61,292 
(a)    $172 million and $178 million of C&I loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance in 2024 and 2023, respectively.
(b)    $287 million and $129 million of CRE loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance for 2024 and 2023, respectively.
(c)    $3 million and $4 million of HELOC loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance for 2024 and 2023, respectively.
(d)    $9 million and $10 million of real estate installment loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance for 2024 and 2023, respectively.
Schedule of Financing Receivable, Modified
The following tables present the amortized cost basis at the end of the reporting period of loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of modification made, as well as the financial effect of the modifications made as of December 31, 2024.
Table 8.3.7
LOAN MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY
Interest Rate Reduction
December 31, 2024December 31, 2023
(Dollars in millions)Balance% of Total ClassFinancial EffectBalance% of Total ClassFinancial Effect
Consumer real estate (a)$— — %
Reduced weighted-average contractual interest rate from 10.70% to 6.75%
$2 — %
Reduced weighted-average contractual interest rate from 8.60% to 5.00%
Credit card and other (a)— — 
Reduced weighted-average contractual interest rate from 4.63% to 3.98%
— — 
Reduced weighted-average contractual interest rate from 11.20% to 0.00%
Total$— — %$2 — %
Term Extension
December 31, 2024December 31, 2023
(Dollars in millions)Balance% of Total ClassFinancial EffectBalance% of Total ClassFinancial Effect
C&I$132 0.4 %
Added a weighted-average 1.3 years to the life of loans, which reduced monthly payment amounts for the borrowers
$90 0.3 %
Added a weighted-average 1 year to the life of loans, which reduced monthly payment amounts for the borrowers
CRE180 1.2 
Added a weighted-average 1.3 years to the life of loans, which reduced monthly payment amounts for the borrowers
40 0.3 
Added a weighted-average 0.8 year to the life of loans, which reduced monthly payment amounts for the borrowers
Consumer real estate (a)— — 
Added a weighted-average 24.4 years to the life of loans, which reduced monthly payment amounts for the borrowers
2 — 
Added a weighted-average 12 years to the life of loans, which reduced monthly payment amounts for the borrowers
Total$312 0.5 %$132 0.2 %
Principal Forgiveness
December 31, 2024December 31, 2023
(Dollars in millions)Balance% of Total ClassFinancial EffectBalance% of Total ClassFinancial Effect
Consumer real estate (a)$— — %
Less than $1 million of the principal of consumer loans was legally discharged in bankruptcy during the period and the borrowers have not re-affirmed the debt as of period end
$2 — %
$1.3 million of the principal of consumer loans was legally discharged in bankruptcy during the period and the borrowers have not re-affirmed the debt as of period end
Total$— — %$2 — %
Payment Deferrals
December 31, 2024December 31, 2023
(Dollars in millions)Balance% of Total ClassFinancial EffectBalance% of Total ClassFinancial Effect
Consumer real estate $— — %N/A$3 — %
Payment deferral for 11 months, with a balloon payment at the end of the term
Total$— — %$3 — %
(a) Balance less than $1 million
Combination - Term Extension and Interest Rate Reduction
December 31, 2024December 31, 2023
(Dollars in millions)Balance% of Total ClassFinancial EffectBalance% of Total ClassFinancial Effect
C&I (a)$8 — %
Added a weighted-average 1 year to the life of loans and reduced weighted-average contractual interest rate from 8.00% to 7.50%
$— — %
Added a weighted-average 1.2 years to the life of loans and reduced weighted-average contractual interest rate from 13.00% to 11.50%
CRE61 0.4 
Added a weighted-average 2 years to the life of loans and reduced weighted-average contractual interest rate from 7.01% to 6.66%
— — N/A
Consumer real estate 3 — 
Added a weighted-average 11 years to the life of loans and reduced weighted-average contractual interest rate from 8.72% to 4.09%
6 — 
Added a weighted-average 14.3 years to the life of loans and reduced weighted-average contractual interest rate from 5.00% to 4.70%
Total$72 0.1 %$6 — %
Combination - Term Extension, Interest Rate Reduction, and Interest Forgiveness
December 31, 2024December 31, 2023
(Dollars in millions)Balance% of Total ClassFinancial EffectBalance% of Total ClassFinancial Effect
C&I$— — %N/A$2 — %
Added a weighted-average 3.7 years to the life of loans, reduced weighted-average contractual interest rate from 11.25% to 7.50% and provided less than $1 million in interest forgiveness
Total$— — %$2 — %
Combination - Term Extension, Interest Rate Reduction, and Interest Deferrals
December 31, 2024December 31, 2023
(Dollars in millions)Balance% of Total ClassFinancial EffectBalance% of Total ClassFinancial Effect
CRE$— — %N/A$15 0.1 %
Added a weighted-average 1 year to the life of loans, reduced weighted-average contractual interest rate from 8.65% to 8.00% and provided less than $1 million in deferred interest
Total$— — %$15 — %
(a) Balance less than $1 million
Schedule of Financing Receivable, Performance of Modified Loan
The following table depicts the performance of loans that have been modified in the last 12 months.
Table 8.3.8
PERFORMANCE OF LOANS THAT HAVE BEEN MODIFIED IN THE LAST 12 MONTHS
December 31, 2024
(Dollars in millions)Current30-89 Days Past Due90+ Days Past DueNon-Accruing
C&I$116 $— $— $24 
CRE195 — — 45 
Consumer real estate2 — — 2 
Credit card and other— — — — 
Total$313 $— $— $71