v3.25.4
LOANS, LEASES, AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Summary of Major Portfolio Segment and Specific Loan Class
The following schedule presents our loan and lease portfolio according to major portfolio segment and specific class:
December 31,
(In millions)20252024
Loans held for sale$201 $74 
Commercial:
Commercial and industrial$17,761 $16,891 
Owner-occupied9,274 9,333 
Municipal4,294 4,364 
Leasing367 377 
Total commercial31,696 30,965 
Commercial real estate:
Term11,234 10,703 
Construction and land development2,162 2,774 
Total commercial real estate13,396 13,477 
Consumer:
1-4 family residential10,462 9,939 
Home equity credit line3,950 3,641 
Construction and other consumer real estate782 810 
Bankcard and other revolving plans515 457 
Other116 121 
Total consumer15,825 14,968 
Total loans and leases
$60,917 $59,410 
Schedule of Loans Held For Sale The following schedule presents loans added to, or sold from, the held for sale category during the periods presented:
Twelve Months Ended
December 31,
(In millions)20252024
Loans added to held for sale$1,287 $922 
Loans sold from held for sale1,145 899 
Summary of Changes in the Allowance for Credit Losses
The following schedule presents a roll-forward of the ACL categorized by loan portfolio segment:
December 31, 2025
(In millions)
 
CommercialCommercial
real estate		ConsumerTotal
Allowance for loan and lease losses
Balance at beginning of year$308 $300 $88 $696 
Provision for loan losses162 (115)24 71 
Gross loan and lease charge-offs103 4 15 122 
Recoveries24 4 5 33 
Net loan and lease charge-offs (recoveries)79 — 10 89 
Balance at end of year$391 $185 $102 $678 
Reserve for unfunded lending commitments
Balance at beginning of year$26 $11 $8 $45 
Provision for unfunded lending commitments(7)8 — 1 
Balance at end of year$19 $19 $8 $46 
Total allowance for credit losses
Allowance for loan and lease losses$391 $185 $102 $678 
Reserve for unfunded lending commitments19 19 8 46 
Total allowance for credit losses$410 $204 $110 $724 
December 31, 2024
(In millions)CommercialCommercial
real estate		ConsumerTotal
Allowance for loan and lease losses
Balance at beginning of year$302 $241 $141 $684 
Provision for loan losses51 67 (46)72 
Gross loan and lease charge-offs68 11 12 91 
Recoveries23 3 5 31 
Net loan and lease charge-offs (recoveries)45 8 7 60 
Balance at end of year$308 $300 $88 $696 
Reserve for unfunded lending commitments
Balance at beginning of year$19 $17 $9 $45 
Provision for unfunded lending commitments7 (6)(1)— 
Balance at end of year$26 $11 $8 $45 
Total allowance for credit losses
Allowance for loan and lease losses$308 $300 $88 $696 
Reserve for unfunded lending commitments26 11 8 45 
Total allowance for credit losses$334 $311 $96 $741 
Summary of Nonaccrual Loans
The following schedule presents the amortized cost basis of loans on nonaccrual:
December 31, 2025
Amortized cost basisTotal amortized cost basis
(In millions)
with no allowance 1
with allowanceRelated allowance
Commercial:
Commercial and industrial$44 $46 $90 $18 
Owner-occupied33 18 51 1 
Municipal— 2 2 — 
Leasing— 3 3 1 
Total commercial77 69 146 20 
Commercial real estate:
Term4 68 72 2 
Construction and land development— 1 1 — 
Total commercial real estate4 69 73 2 
Consumer:
1-4 family residential14 51 65 5 
Home equity credit line— 30 30 8 
Bankcard and other revolving plans— 1 1 1 
Total consumer loans14 82 96 14 
Total$95 $220 $315 $36 
December 31, 2024
Amortized cost basisTotal amortized cost basis
(In millions)
with no allowance 1
with allowanceRelated allowance
Commercial:
Commercial and industrial$45 $69 $114 $19 
Owner-occupied18 13 31 1 
Municipal5 6 11 2 
Leasing— 2 2 1 
Total commercial68 90 158 23 
Commercial real estate:
Term27 32 59 4 
Total commercial real estate27 32 59 4 
Consumer:
1-4 family residential12 37 49 4 
Home equity credit line5 25 30 5 
Bankcard and other revolving plans— 1 1 1 
Total consumer loans17 63 80 10 
Total$112 $185 $297 $37 
1 Nonaccrual loans with no allowance primarily consist of loans for which a specific reserve is estimated based on the fair value of the collateral. As a result, we generally charge off the portion of the loan balance that exceeds that fair value, and no reserve or related allowance is established for these loans.
The following schedule presents the amount of accrued interest receivables reversed from interest income categorized by loan portfolio segment during the periods presented:
Twelve Months Ended
December 31,
(In millions)202520242023
Commercial$16 $16 $10 
Commercial real estate5 5 3 
Consumer4 4 2 
Total$25 $25 $15 
Summary of Past Due Loans (Accruing and Nonaccruing)
The following schedules present loans categorized by their past-due or delinquency status:
December 31, 2025
(In millions)Current30-89 days
past due		90+ days
past due		Total
past due		Total
loans		Accruing
loans
90+ days
past due
Nonaccrual
loans
that are
current1
Commercial:
Commercial and industrial$17,676 $74 $11 $85 $17,761 $2 $71 
Owner-occupied9,235 11 28 39 9,274 1 17 
Municipal4,293 1 — 1 4,294 — 2 
Leasing366 1 — 1 367 — 2 
Total commercial31,570 87 39 126 31,696 3 92 
Commercial real estate:
Term11,211 1 22 23 11,234 1 50 
Construction and land development
2,161 — 1 1 2,162 — — 
Total commercial real estate13,372 1 23 24 13,396 1 50 
Consumer:
1-4 family residential10,411 10 41 51 10,462 — 21 
Home equity credit line3,920 19 11 30 3,950 — 15 
Construction and other consumer real estate
782 — — — 782 — — 
Bankcard and other revolving plans
510 3 2 5 515 1 1 
Other115 1 — 1 116 — — 
Total consumer loans15,738 33 54 87 15,825 1 37 
Total$60,680 $121 $116 $237 $60,917 $5 $179 
December 31, 2024
(In millions)Current30-89 days
past due		90+ days
past due		Total
past due		Total
loans		Accruing
loans
90+ days
past due
Nonaccrual
loans
that are
current1
Commercial:
Commercial and industrial$16,857 $20 $14 $34 $16,891 $1 $98 
Owner-occupied9,309 10 14 24 9,333 3 16 
Municipal4,348 6 10 16 4,364 10 11 
Leasing377 — — — 377 — 2 
Total commercial30,891 36 38 74 30,965 14 127 
Commercial real estate:
Term
10,667 2 34 36 10,703 3 28 
Construction and land development2,774 — — — 2,774 — — 
Total commercial real estate13,441 2 34 36 13,477 3 28 
Consumer:
1-4 family residential9,896 16 27 43 9,939 — 15 
Home equity credit line3,609 20 12 32 3,641 — 13 
Construction and other consumer real estate
810 — — — 810 — — 
Bankcard and other revolving plans
453 2 2 4 457 1 — 
Other121 — — — 121 — — 
Total consumer loans14,889 38 41 79 14,968 1 28 
Total$59,221 $76 $113 $189 $59,410 $18 $183 
1 Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is not expected.
Summary of Outstanding Loan Balances (Accruing and Nonaccruing) Categorized by Credit Quality Indicators
The following schedules present the amortized cost of loans and leases by vintage year—that is, the year of origination or, when applicable, the year of the most recent renewal, extension, or modification that resets the loan's vintage. The schedules also present these balances by the credit quality classifications used by management in monitoring portfolio risk.
December 31, 2025
Term LoansRevolving loans amortized cost basisRevolving loans converted to term loans amortized cost basis
Amortized cost basis by year of origination
(In millions)20252024202320222021PriorTotal
Commercial:
Commercial and industrial
Pass$3,668 $1,970 $1,086 $825 $335 $675 $8,141 $197 $16,897 
Special Mention14 29 13 16 28 30 99 1 230 
Accruing Substandard60 139 80 32 17 30 177 9 544 
Nonaccrual4 4 3 36 3 3 14 23 90 
Total commercial and industrial3,746 2,142 1,182 909 383 738 8,431 230 17,761 
Owner-occupied
Pass1,112 1,234 727 1,414 1,492 2,515 227 67 8,788 
Special Mention3 28 — 9 9 30 1 — 80 
Accruing Substandard4 37 15 111 71 89 24 4 355 
Nonaccrual6 8 2 6 3 19 7 — 51 
Total owner-occupied1,125 1,307 744 1,540 1,575 2,653 259 71 9,274 
Municipal
Pass542 614 409 745 849 1,070 1 41 4,271 
Special Mention— 3 — — — — — — 3 
Accruing Substandard— — — — — 18 — — 18 
Nonaccrual— — — — 2 — — — 2 
Total municipal542 617 409 745 851 1,088 1 41 4,294 
Leasing
Pass95 88 57 73 15 23 — — 351 
Special Mention— — — — — — — — — 
Accruing Substandard— 1 2 9 1 — — — 13 
Nonaccrual— 1 1 1 — — — — 3 
Total leasing95 90 60 83 16 23 — — 367 
Total commercial5,508 4,156 2,395 3,277 2,825 4,502 8,691 342 31,696 
December 31, 2025
Term LoansRevolving loans amortized cost basisRevolving loans converted to term loans amortized cost basis
Amortized cost basis by year of origination
(In millions)20252024202320222021PriorTotal
Commercial real estate:
Term
Pass2,643 1,223 1,167 1,741 956 1,747 318 140 9,935 
Special Mention51 — 35 71 — 1 — — 158 
Accruing Substandard328 43 142 426 53 36 26 15 1,069 
Nonaccrual21 — 16 1 — 5 — 29 72 
Total term3,043 1,266 1,360 2,239 1,009 1,789 344 184 11,234 
Construction and land development
Pass446 540 375 47 1 1 624 49 2,083 
Special Mention— 8 5 — — — — — 13 
Accruing Substandard53 6 — — — — 6 — 65 
Nonaccrual— — 1 — — — — — 1 
Total construction and land development499 554 381 47 1 1 630 49 2,162 
Total commercial real estate3,542 1,820 1,741 2,286 1,010 1,790 974 233 13,396 
Consumer:
1-4 family residential
Pass917 847 867 3,144 1,808 2,812 — — 10,395 
Special Mention— — — — — — — — — 
Accruing Substandard— 1 — — — 1 — — 2 
Nonaccrual1 4 5 15 13 27 — — 65 
Total 1-4 family residential918 852 872 3,159 1,821 2,840 — — 10,462 
Home equity credit line
Pass— — — — — — 3,799 111 3,910 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — 10 — 10 
Nonaccrual— — — — — — 26 4 30 
Total home equity credit line— — — — — — 3,835 115 3,950 
Construction and other consumer real estate
Pass246 351 87 91 5 2 — — 782 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — — — — 
Nonaccrual— — — — — — — — — 
Total construction and other consumer real estate246 351 87 91 5 2 — — 782 
Bankcard and other revolving plans
Pass— — — — — — 511 1 512 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — 2 — 2 
Nonaccrual— — — — — — 1 — 1 
Total bankcard and other revolving plans— — — — — — 514 1 515 
Other consumer
Pass55 26 19 11 4 1 — — 116 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — — — — 
Nonaccrual— — — — — — — — — 
Total other consumer55 26 19 11 4 1 — — 116 
Total consumer1,219 1,229 978 3,261 1,830 2,843 4,349 116 15,825 
Total loans$10,269 $7,205 $5,114 $8,824 $5,665 $9,135 $14,014 $691 $60,917 
December 31, 2024
Term LoansRevolving loans amortized cost basisRevolving loans converted to term loans amortized cost basis
Amortized cost basis by year of origination
(In millions)20242023202220212020PriorTotal
Commercial:
Commercial and industrial
Pass$2,479 $1,951 $1,504 $759 $387 $679 $8,043 $150 $15,952 
Special Mention37 24 47 8 2 34 85 5 242 
Accruing Substandard53 43 200 26 28 21 200 12 583 
Nonaccrual7 13 31 17 1 4 38 3 114 
Total commercial and industrial2,576 2,031 1,782 810 418 738 8,366 170 16,891 
Owner-occupied
Pass1,346 907 1,606 1,657 900 2,097 234 47 8,794 
Special Mention38 — 38 31 2 18 18 1 146 
Accruing Substandard23 28 75 66 25 133 7 5 362 
Nonaccrual5 1 4 1 — 15 5 — 31 
Total owner-occupied1,412 936 1,723 1,755 927 2,263 264 53 9,333 
Municipal
Pass604 498 939 960 553 753 — 29 4,336 
Special Mention— — — — — — — — — 
Accruing Substandard10 4 — — — 3 — — 17 
Nonaccrual3 — — 5 — 3 — — 11 
Total municipal617 502 939 965 553 759 — 29 4,364 
Leasing
Pass109 79 94 26 12 36 — — 356 
Special Mention— — 2 — — — — — 2 
Accruing Substandard1 3 10 2 1 — — — 17 
Nonaccrual— 1 1 — — — — — 2 
Total leasing110 83 107 28 13 36 — — 377 
Total commercial4,715 3,552 4,551 3,558 1,911 3,796 8,630 252 30,965 
Commercial real estate:
Term
Pass1,687 1,198 2,093 1,278 1,053 1,608 254 175 9,346 
Special Mention48 — 87 — — 5 — — 140 
Accruing Substandard298 105 443 144 13 102 27 26 1,158 
Nonaccrual— — 23 — — 10 — 26 59 
Total term2,033 1,303 2,646 1,422 1,066 1,725 281 227 10,703 
Construction and land development
Pass361 701 445 4 1 9 680 52 2,253 
Special Mention— 22 21 17 — — — 25 85 
Accruing Substandard57 52 249 78 — — — — 436 
Nonaccrual— — — — — — — — — 
Total construction and land development418 775 715 99 1 9 680 77 2,774 
Total commercial real estate2,451 2,078 3,361 1,521 1,067 1,734 961 304 13,477 
December 31, 2024
Term LoansRevolving loans amortized cost basisRevolving loans converted to term loans amortized cost basis
Amortized cost basis by year of origination
(In millions)20242023202220212020PriorTotal
Consumer:
1-4 family residential
Pass1,062 870 2,959 1,877 925 2,197 — — 9,890 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — — — — 
Nonaccrual— 3 8 9 2 27 — — 49 
Total 1-4 family residential1,062 873 2,967 1,886 927 2,224 — — 9,939 
Home equity credit line
Pass— — — — — — 3,506 99 3,605 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — 6 — 6 
Nonaccrual— — — — — — 22 8 30 
Total home equity credit line— — — — — — 3,534 107 3,641 
Construction and other consumer real estate
Pass157 191 420 34 5 3 — — 810 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — — — — 
Nonaccrual— — — — — — — — — 
Total construction and other consumer real estate157 191 420 34 5 3 — — 810 
Bankcard and other revolving plans
Pass— — — — — — 453 1 454 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — 2 — 2 
Nonaccrual— — — — — — 1 — 1 
Total bankcard and other revolving plans— — — — — — 456 1 457 
Other consumer
Pass52 35 22 8 2 2 — — 121 
Special Mention— — — — — — — — — 
Accruing Substandard— — — — — — — — — 
Nonaccrual— — — — — — — — — 
Total other consumer52 35 22 8 2 2 — — 121 
Total consumer1,271 1,099 3,409 1,928 934 2,229 3,990 108 14,968 
Total loans$8,437 $6,729 $11,321 $7,007 $3,912 $7,759 $13,581 $664 $59,410 
The following schedules present gross charge-offs categorized by year of loan origination for the periods presented:
December 31, 2025
Term loansRevolving loans
gross charge-offs		Revolving loans converted to term loans gross charge-offs
Gross charge-offs by year of loan origination
(In millions)20252024202320222021PriorTotal
Commercial:
Commercial and industrial$— $2 $2 $3 $3 $13 $75 $1 $99 
Owner-occupied— — — — — 1 — — 1 
Municipal— — — — 3 — — — 3 
Leasing— — — — — — — — — 
Total commercial— 2 2 3 6 14 75 1 103 
Commercial real estate:
Term1 — 3 — — — — — 4 
Consumer:
1-4 family residential— — — — 1 2 — — 3 
Home equity credit line— — — — — — 2 — 2 
Bankcard and other revolving plans— — — — — — 8 — 8 
Other— — — — — 2 — — 2 
Total consumer— — — — 1 4 10 — 15 
Total gross charge-offs$1 $2 $5 $3 $7 $18 $85 $1 $122 
December 31, 2024
Term loansRevolving loans
gross charge-offs		Revolving loans converted to term loans gross charge-offs
Gross charge-offs by year of loan origination
(In millions)20242023202220212020PriorTotal
Commercial:
Commercial and industrial$— $3 $19 $2 $— $9 $30 $4 $67 
Owner-occupied— — 1 — — — — — 1 
Total commercial— 3 20 2 — 9 30 4 68 
Commercial real estate:
Term— 7 4 — — — — — 11 
Consumer:
1-4 family residential— — — — — 1 — — 1 
Home equity credit line— — — — — — 1 — 1 
Bankcard and other revolving plans— — — — — — 8 — 8 
Other— — — — — 2 — — 2 
Total consumer— — — — — 3 9 — 12 
Total gross charge-offs$— $10 $24 $2 $— $12 $39 $4 $91 
Summary of TDRs (Accruing and Nonaccruing) Categorized by Loan Class and Modification Type
The following schedule presents the amortized cost of loans to borrowers experiencing financial difficulty that were modified during the period, categorized by loan class and modification type:
Twelve Months Ended December 31, 2025
Amortized cost associated with
the following modification types:
(Dollar amounts in millions)Interest
rate reduction		Maturity
or term
extension		Principal
forgiveness		Payment
deferral
Multiple modification types 1
Total 2
Percentage of total loans 3
Commercial:
Commercial and industrial$— $179 $— $— $4 $183 1.0 %
Owner-occupied— 30 — — — 30 0.3 
Total commercial— 209 — — 4 213 0.7 
Commercial real estate:
Term
— 385 — 4 25 414 3.7 
Construction and land development
— 27 — — — 27 1.2 
Total commercial real estate— 412 — 4 25 441 3.3 
Consumer:
1-4 family residential— — — — 7 7 0.1 
Home equity credit line— — — — 1 1 — 
Bankcard and other revolving plans
— 1 — — — 1 0.2 
Total consumer loans— 1 — — 8 9 0.1 
Total$— $622 $— $4 $37 $663 1.1 
Twelve Months Ended December 31, 2024
Amortized cost associated with
the following modification types:
(Dollar amounts in millions)Interest
rate reduction		Maturity
or term
extension		Principal
forgiveness		Payment
deferral
Multiple modification types 1
Total 2
Percentage of total loans 3
Commercial:
Commercial and industrial$19 $37 $— $1 $48 $105 0.6 %
Owner-occupied— 12 — — — 12 0.1 
Municipal— 11 — — — 11 0.3 
Total commercial19 60 — 1 48 128 0.4 
Commercial real estate:
Term
— 179 — — 110 289 2.7 
Construction and land development
— 18 — — 25 43 1.6 
Total commercial real estate— 197 — — 135 332 2.5 
Consumer:
1-4 family residential— — 2 — 5 7 0.1 
Home equity credit line— — 1 — 1 2 0.1 
Bankcard and other revolving plans
— — — — 1 1 0.2 
Total consumer loans— — 3 — 7 10 0.1 
Total$19 $257 $3 $1 $190 $470 0.8 
1 Includes modifications resulting from combinations of interest rate reductions, maturity or term extensions, principal forgiveness, and payment deferrals. At December 31, 2025 and 2024, $30 million and $185 million, respectively, classified within multiple modification types included both interest rate reductions and maturity or term extensions.
2 Unfunded lending commitments related to loans modified to borrowers experiencing financial difficulty totaled $33 million and $11 million at December 31, 2025 and 2024, respectively.
3 Amounts less than 0.05% are rounded to zero.
The following schedule presents the financial impact of loan modifications to borrowers experiencing financial difficulty during the twelve months ended December 31, 2025 and 2024:
Twelve Months Ended
December 31, 2025		Twelve Months Ended
December 31, 2024
Weighted-average interest rate reduction
(in percentage points)		Weighted-average term extension
(in months)		Weighted-average interest rate reduction
(in percentage points)		Weighted-average term extension
(in months)
Commercial:
Commercial and industrial0.3 %110.7 %7
Owner-occupied 1
— 17— 12
Total commercial0.3 120.7 9
Commercial real estate:
Term
0.7 120.6 9
Construction and land development— 90.2 9
Total commercial real estate0.7 120.5 9
Consumer: 1
1-4 family residential0.9 71.7 36
Home equity credit line4.1 645.6 39
Bankcard and other revolving plans
— 510.3 3
Total consumer loans3.7 142.7 32
Total weighted average financial impact0.7 120.6 10
1 Primarily relates to a small number of loans within each respective loan class.
The following schedule presents the aging of loans to borrowers experiencing financial difficulty that were modified on or after January 1, 2025 through December 31, 2025, categorized by portfolio segment and loan class.
December 31, 2025
(In millions)Current30-89 days
past due		90+ days
past due		Total
past due		Total
amortized cost of loans
Commercial:
Commercial and industrial$162 $21 $— $21 $183 
Owner-occupied24 5 1 6 30 
Total commercial186 26 1 27 213 
Commercial real estate:
Term
409 — 5 5 414 
Construction and land development27 — — — 27 
Total commercial real estate436 — 5 5 441 
Consumer:
1-4 family residential7 — — — 7 
Home equity credit line1 — — — 1 
Bankcard and other revolving plans
1 — — — 1 
Total consumer loans9 — — — 9 
Total$631 $26 $6 $32 $663 
The following schedule presents the aging of loans to borrowers experiencing financial difficulty that were modified on or after January 1, 2024 through December 31, 2024, categorized by portfolio segment and loan class.
December 31, 2024
(In millions)Current30-89 days
past due		90+ days
past due		Total
past due		Total
amortized cost of loans
Commercial:
Commercial and industrial$102 $2 $1 $3 $105 
Owner-occupied11 1 — 1 12 
Municipal3 — 8 8 11 
Total commercial116 3 9 12 128 
Commercial real estate:
Term
289 — — — 289 
Construction and land development43 — — — 43 
Total commercial real estate332 — — — 332 
Consumer:
1-4 family residential6 1 — 1 7 
Home equity credit line2 — — — 2 
Bankcard and other revolving plans
1 — — — 1 
Total consumer loans9 1 — 1 10 
Total$457 $4 $9 $13 $470 
Summary of Collateral-Dependent Loans
Select information on loans for which the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the underlying collateral, including the type of collateral and the extent to which the collateral secures the loans, is summarized as follows:
December 31, 2025
(Dollar amounts in millions)Amortized CostMajor Types of Collateral
Weighted Average LTV1
Commercial:
Commercial and industrial$3 Single family residential71%
Owner-occupied23 Agriculture production and industrial buildings67%
Municipal2 Multifamily apartments93%
Commercial real estate:
Term37 Office building98%
Consumer:
1-4 family residential5 Single family residential62%
Total$70 
December 31, 2024
(Dollar amounts in millions)Amortized CostMajor Types of Collateral
Weighted Average LTV1
Commercial:
Owner-occupied$6 Retail facility64%
Municipal5 Multifamily apartments174%
Commercial real estate:
Term49 Office building98%
Consumer:
1-4 family residential3 Single family residential29%
Home equity credit line3 Single family residential38%
Total$66 
1 The fair value is based on the most recent appraisal or other collateral evaluation.