ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)

12 Months Ended

Dec. 31, 2024

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

Allowance for Loan and Lease Losses


dollars in millions	Year Ended December 31, 2024								Year Ended December 31, 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 for loan and lease losses	298		8		163		469		651		2		50		703
Total provision for loan and lease losses	298		8		163		469		690		45		430		1,165
Charge-offs	(407)		(30)		(220)		(657)		(414)		(28)		(196)		(638)
Recoveries	46		14		57		117		47		13		18		78
Balance at end of period	$	1,063	$	158	$	455	$	1,676	$	1,126	$	166	$	455	$	1,747


dollars in millions	Year Ended December 31, 2022
	Commercial		Consumer		SVB		Total
Balance at beginning of period	$	80	$	98	$	—	$	178
Initial PCD ALLL	258		14		—		272
Day 2 Provision for Loan and Lease Losses	432		22		—		454
Provision (benefit) for loan and lease losses	101		(4)		—		97
Total provision for loan and lease losses	533		18		—		551
Charge-offs	(126)		(20)		—		(146)
Recoveries	44		23		—		67
Balance at end of period	$	789	$	133	$	—	$	922

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

Provision for Credit Losses


dollars in millions	Year Ended December 31,
		2024		2023		2022
Day 2 Provision for Loan and Lease Losses		$	—	$	462	$	454
Provision for loan and lease losses		469		703		97
Total provision for loan and lease losses		469		1,165		551
Day 2 Provision for Off-Balance Sheet Credit Exposure		—		254		59
(Benefit) provision from off-balance sheet credit exposure		(38)		(44)		35
Total (benefit) provision for off-balance sheet credit exposure		(38)		210		94

Provision for credit losses		$	431	$	1,375	$	645