ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Changes in Allowance for Credit Losses by Loan and Lease Class

Following is a summary of changes in the ACL, by loan and lease class:

TABLE 5.1


(in millions)	Balance at Beginning of Period		Charge- Offs		Recoveries		Net (Charge- Offs) Recoveries		Provision for Credit Losses		Balance at End of Period
Three Months Ended September 30, 2025
Commercial real estate	$	179.5	$	(9.2)	$	0.4	$	(8.8)	$	7.4	$	178.1
Commercial and industrial	88.3		(9.2)		1.0		(8.2)		14.9		95.0
Commercial leases	21.6		—		—		—		1.7		23.3
Other	4.6		(1.4)		0.2		(1.2)		1.2		4.6
Total commercial loans and leases	294.0		(19.8)		1.6		(18.2)		25.2		301.0
Direct installment	26.6		(0.1)		0.1		—		(0.6)		26.0
Residential mortgages	95.4		(0.5)		0.1		(0.4)		(0.8)		94.2
Indirect installment	9.3		(1.6)		0.6		(1.0)		0.8		9.1
Consumer lines of credit	6.8		(0.2)		0.1		(0.1)		0.3		7.0
Total consumer loans	138.1		(2.4)		0.9		(1.5)		(0.3)		136.3
Total allowance for credit losses on loans and leases	432.1		(22.2)		2.5		(19.7)		24.9		437.3
Allowance for unfunded loan commitments	21.0		—		—		—		(0.9)		20.1
Total allowance for credit losses on loans and leases and allowance for unfunded loan commitments	$	453.1	$	(22.2)	$	2.5	$	(19.7)	$	24.0	$	457.4

Nine Months Ended September 30, 2025
Commercial real estate	$	166.9	$	(19.8)	$	1.0	$	(18.8)	$	30.0	$	178.1
Commercial and industrial	85.6		(31.6)		6.0		(25.6)		35.0		95.0
Commercial leases	22.9		(0.2)		—		(0.2)		0.6		23.3
Other	4.3		(3.6)		0.7		(2.9)		3.2		4.6
Total commercial loans and leases	279.7		(55.2)		7.7		(47.5)		68.8		301.0
Direct installment	29.1		(0.7)		0.4		(0.3)		(2.8)		26.0
Residential mortgages	95.9		(2.3)		0.3		(2.0)		0.3		94.2
Indirect installment	9.5		(5.5)		1.8		(3.7)		3.3		9.1
Consumer lines of credit	8.6		(0.8)		0.3		(0.5)		(1.1)		7.0
Total consumer loans	143.1		(9.3)		2.8		(6.5)		(0.3)		136.3
Total allowance for credit losses on loans and leases	422.8		(64.5)		10.5		(54.0)		68.5		437.3
Allowance for unfunded loan commitments	21.4		—		—		—		(1.3)		20.1
Total allowance for credit losses on loans and leases and allowance for unfunded loan commitments	$	444.2	$	(64.5)	$	10.5	$	(54.0)	$	67.2	$	457.4


(in millions)	Balance at Beginning of Period		Charge- Offs		Recoveries		Net (Charge- Offs) Recoveries		Provision for Credit Losses		Balance at End of Period
Three Months Ended September 30, 2024
Commercial real estate	$	157.7	$	(13.8)	$	0.9	$	(12.9)	$	40.1	$	184.9
Commercial and industrial	93.5		(10.1)		6.5		(3.6)		(11.5)		78.4
Commercial leases	22.9		(0.1)		—		(0.1)		(1.2)		21.6
Other	4.0		(1.2)		0.2		(1.0)		1.0		4.0
Total commercial loans and leases	278.1		(25.2)		7.6		(17.6)		28.4		288.9
Direct installment	30.9		(0.2)		0.2		—		(1.7)		29.2
Residential mortgages	88.2		(0.1)		0.1		—		(4.0)		84.2
Indirect installment	13.1		(4.2)		0.6		(3.6)		(0.5)		9.0
Consumer lines of credit	8.5		(0.4)		0.1		(0.3)		0.7		8.9
Total consumer loans	140.7		(4.9)		1.0		(3.9)		(5.5)		131.3
Total allowance for credit losses on loans and leases	418.8		(30.1)		8.6		(21.5)		22.9		420.2
Allowance for unfunded loan commitments	21.8		—		—		—		0.6		22.4
Total allowance for credit losses on loans and leases and allowance for unfunded loan commitments	$	440.6	$	(30.1)	$	8.6	$	(21.5)	$	23.5	$	442.6
Nine Months Ended September 30, 2024
Commercial real estate	$	166.6	$	(24.1)	$	2.1	$	(22.0)	$	40.3	$	184.9
Commercial and industrial	87.8		(18.7)		9.0		(9.7)		0.3		78.4
Commercial leases	21.2		(0.3)		0.1		(0.2)		0.6		21.6
Other	3.7		(3.1)		1.1		(2.0)		2.3		4.0
Total commercial loans and leases	279.3		(46.2)		12.3		(33.9)		43.5		288.9
Direct installment	33.8		(0.8)		0.6		(0.2)		(4.4)		29.2
Residential mortgages	70.5		(0.3)		0.2		(0.1)		13.8		84.2
Indirect installment	12.8		(9.6)		2.1		(7.5)		3.7		9.0
Consumer lines of credit	9.2		(1.0)		0.6		(0.4)		0.1		8.9
Total consumer loans	126.3		(11.7)		3.5		(8.2)		13.2		131.3
Total allowance for credit losses on loans and leases	405.6		(57.9)		15.8		(42.1)		56.7		420.2
Allowance for unfunded loan commitments	21.5		—		—		—		0.9		22.4
Total allowance for credit losses on loans and leases and allowance for unfunded loan commitments	$	427.1	$	(57.9)	$	15.8	$	(42.1)	$	57.6	$	442.6

Following is a summary of changes in the AULC by portfolio segment:

TABLE 5.2


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
(in millions)
Balance at beginning of period	$	21.0	$	21.8	$	21.4	$	21.5
Provision for unfunded loan commitments and letters of credit:
Commercial portfolio	(0.8)		0.6		(1.1)		1.0
Consumer portfolio	(0.1)		—		(0.2)		(0.1)






Balance at end of period	$	20.1	$	22.4	$	20.1	$	22.4