XML 107 R85.htm IDEA: XBRL DOCUMENT v3.24.0.1
CREDIT QUALITY AND THE ALLOWANCE FOR CREDIT LOSSES - Summary of Changes in Allowance for Credit Losses (Details) - USD ($)
$ in Millions
12 Months Ended
Apr. 06, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Allowance for Loan and Lease Losses [Roll Forward]        
Allowance for loan and lease losses, beginning of period   $ 1,983 $ 1,758 $ 2,443
Allowance on PCD loans and leases at acquisition     101  
Charge-offs   (757) (434) (539)
Recoveries   148 164 214
Net charge-offs   (609) (270) (325)
Provision expense (benefit) for loans and leases   724 394 (360)
Allowance for loan and lease losses, end of period   2,098 1,983 1,758
Unfunded lending commitments [Roll Forward]        
Allowance for unfunded lending commitments, beginning of period   257 176 227
Provision expense (benefit) for unfunded lending commitments   (37) 80 (51)
Allowance on PCD unfunded lending commitments at acquisition     1  
Allowance for unfunded lending commitments, end of period   220 257 176
Total allowance for credit losses, end of period   2,318 2,240 1,934
Investors Acquisition        
Allowance for Loan and Lease Losses [Roll Forward]        
Allowance on PCD loans and leases at acquisition $ 101      
Online Deposit Business And 80 East Coast Branches Of HSBC Bank And Investors        
Allowance for Loan and Lease Losses [Roll Forward]        
Provision expense (benefit) for loans and leases     169  
Commercial        
Allowance for Loan and Lease Losses [Roll Forward]        
Allowance for loan and lease losses, beginning of period   1,060 821 1,233
Allowance on PCD loans and leases at acquisition     99  
Charge-offs   (285) (70) (218)
Recoveries   18 18 54
Net charge-offs   (267) (52) (164)
Provision expense (benefit) for loans and leases   457 192 (248)
Allowance for loan and lease losses, end of period   1,250 1,060 821
Unfunded lending commitments [Roll Forward]        
Allowance for unfunded lending commitments, beginning of period   207 153 186
Provision expense (benefit) for unfunded lending commitments   (32) 53 (33)
Allowance on PCD unfunded lending commitments at acquisition     1  
Allowance for unfunded lending commitments, end of period   175 207 153
Total allowance for credit losses, end of period   1,425 1,267 974
Commercial | Investors Acquisition        
Allowance for Loan and Lease Losses [Roll Forward]        
Charge-offs     (34)  
Retail        
Allowance for Loan and Lease Losses [Roll Forward]        
Allowance for loan and lease losses, beginning of period   923 937 1,210
Allowance on PCD loans and leases at acquisition     2  
Charge-offs   (472) (364) (321)
Recoveries   130 146 160
Net charge-offs   (342) (218) (161)
Provision expense (benefit) for loans and leases   267 202 (112)
Allowance for loan and lease losses, end of period   848 923 937
Unfunded lending commitments [Roll Forward]        
Allowance for unfunded lending commitments, beginning of period   50 23 41
Provision expense (benefit) for unfunded lending commitments   (5) 27 (18)
Allowance on PCD unfunded lending commitments at acquisition     0  
Allowance for unfunded lending commitments, end of period   45 50 23
Total allowance for credit losses, end of period   $ 893 $ 973 $ 960