ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)

9 Months Ended

Sep. 30, 2024

The ALLL activity for loans and leases is summarized in the following table:

Allowance for Loan and Lease Losses


dollars in millions	Three Months Ended September 30, 2024								Three Months Ended September 30, 2023
	Commercial		Consumer		SVB		Total		Commercial		Consumer		SVB		Total
Balance at beginning of period	$	1,103	$	153	$	444	$	1,700	$	968	$	173	$	496	$	1,637



Provision (benefit) for loan and lease losses	78		—		45		123		166		(10)		56		212
Charge-offs	(116)		(8)		(53)		(177)		(83)		(7)		(109)		(199)
Recoveries	11		5		16		32		13		4		6		23
Balance at end of period	$	1,076	$	150	$	452	$	1,678	$	1,064	$	160	$	449	$	1,673


dollars in millions	Nine Months Ended September 30, 2024								Nine Months Ended September 30, 2023
	Commercial		Consumer		SVB		Total		Commercial		Consumer		SVB		Total
Balance at beginning of period	$	1,126	$	166	$	455	$	1,747	$	789	$	133	$	—	$	922
Initial PCD ALLL	—		—		—		—		14		3		203		220
Day 2 Provision for Loan and Lease Losses	—		—		—		—		39		43		380		462
Provision (benefit) for loan and lease losses	203		(5)		113		311		396		(9)		65		452
Total provision (benefit) for loan and lease losses	203		(5)		113		311		435		34		445		914
Charge-offs	(287)		(21)		(156)		(464)		(207)		(21)		(209)		(437)
Recoveries	34		10		40		84		33		11		10		54
Balance at end of period	$	1,076	$	150	$	452	$	1,678	$	1,064	$	160	$	449	$	1,673

The following table presents the components of the provision for credit losses:

Provision for Credit Losses


dollars in millions	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Day 2 Provision for Loan and Lease Losses	$	—	$	—	$	—	$	462
Provision for loan and lease losses	123		212		311		452
Total provision for loan and lease losses	123		212		311		914
Day 2 Provision for Off-balance Sheet Credit Exposure	—		—		—		254
Benefit from off-balance sheet credit exposure	(6)		(17)		(35)		(42)
Total (benefit) provision for off-balance sheet credit exposure	(6)		(17)		(35)		212
(Benefit) provision for investment securities available for sale credit losses	—		(3)		—		—
Provision for credit losses	$	117	$	192	$	276	$	1,126