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LOANS AND LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Schedule of loans and leases
The following table presents loans and leases, excluding LHFS:
December 31,
(dollars in millions)20242023
Commercial and industrial$42,551 $44,974 
Commercial real estate27,225 29,471 
Total commercial69,776 74,445 
Residential mortgages32,726 31,332 
Home equity16,495 15,040 
Automobile4,744 8,258 
Education10,812 11,834 
Other retail 4,650 5,050 
Total retail69,427 71,514 
Total loans and leases$139,203 $145,959 
The following table presents the composition of LHFS:
December 31, 2024December 31, 2023
(dollars in millions)
Residential Mortgages(1)
Commercial(2)
Total
Residential Mortgages(1)
Commercial(2)
Total
Loans held for sale at fair value$633 $192 $825 $614 $62 $676 
Other loans held for sale— 33 33 — 103 103 
Total loans held for sale
$633 $225 $858 $614 $165 $779 
(1) Residential mortgage LHFS at fair value are originated for sale.
(2) Commercial LHFS at fair value consist of loans managed by the Company’s commercial secondary loan desk. Other commercial LHFS primarily consist of loans associated with the Company’s syndication business.
Schedule of investment in leases, before the ALLL
The components of the net investment in direct financing and sales-type leases, before ALLL, are presented below:
(dollars in millions)December 31, 2024December 31, 2023
Total future minimum lease rentals$916 $942 
Estimated residual value of leased equipment (non-guaranteed)231 322 
Initial direct costs4 5 
Unearned income(124)(121)
Total leases$1,027 $1,148 
Maturity analysis of direct financing lease receivables
A maturity analysis of direct financing and sales-type lease receivables at December 31, 2024 is presented below:
Year
(dollars in millions)
2025$241 
2026198 
2027177 
2028126 
202968 
Thereafter106 
Total undiscounted future minimum lease rentals$916