v3.26.1
Outstanding Loans and Leases and Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Loans and Leases Outstanding
The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at June 30, 2026 and December 31, 2025.
30-59 Days
 Past Due (1)
60-89 Days
 Past Due (1)
90 Days or
More
Past Due (1)
Total Past
Due 30 Days
or More
Total
 Current or
 Less Than
 30 Days
 Past Due (1)
Loans
 Accounted
 for Under
 the Fair
 Value
 Option		Total
Outstandings
(Dollars in millions)June 30, 2026
Consumer real estate
Residential mortgage$1,442 $284 $822 $2,548 $233,768 $236,316 
Home equity78 31 105 214 26,900 27,114 
Credit card and other consumer
Credit card655 456 1,241 2,352 103,307 105,659 
Direct/Indirect consumer (2)
274 130 87 491 117,836 118,327 
Other consumer— — — — 182 182 
Total consumer2,449 901 2,255 5,605 481,993 487,598 
Consumer loans accounted for under the fair value option (3)
$159 159 
Total consumer loans and leases2,449 901 2,255 5,605 481,993 159 487,757 
Commercial
U.S. commercial431 227 588 1,246 455,386 456,632 
Non-U.S. commercial49 27 153 229 159,665 159,894 
Commercial real estate (4)
52 102 699 853 70,244 71,097 
Commercial lease financing43 22 62 127 15,275 15,402 
U.S. small business commercial212 73 188 473 23,164 23,637 
Total commercial787 451 1,690 2,928 723,734 726,662 
Commercial loans accounted for under the fair value option (3)
3,200 3,200 
Total commercial loans and leases787 451 1,690 2,928 723,734 3,200 729,862 
Total loans and leases (5)
$3,236 $1,352 $3,945 $8,533 $1,205,727 $3,359 $1,217,619 
Percentage of outstandings 0.27 %0.11 %0.32 %0.70 %99.02 %0.28 %100.00 %
(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $148 million and nonperforming loans of $184 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $52 million and nonperforming loans of $105 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $219 million and nonperforming loans of $708 million. Consumer real estate loans current or less than 30 days past due includes $1.4 billion, and direct/indirect consumer includes $61 million of nonperforming loans.
(2)Total outstandings primarily includes auto and specialty lending loans and leases of $52.4 billion, U.S. securities-based lending loans of $61.9 billion and non-U.S. consumer loans of $3.2 billion.
(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $55 million and home equity loans of $104 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.2 billion and non-U.S. commercial loans of $1.0 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option.
(4)Total outstandings includes U.S. commercial real estate loans of $65.9 billion and non-U.S. commercial real estate loans of $5.2 billion.
(5)Total outstandings includes loans and leases of $47.2 billion pledged as collateral to the Federal Home Loan Bank (FHLB). The Corporation also pledged $322.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank (FRB) and FHLB.
30-59 Days
Past Due (1)
60-89 Days
 Past Due (1)
90 Days or
More
Past Due (1)
Total Past
Due 30 Days
or More
Total
Current or
Less Than
30 Days
Past Due (1)
Loans
Accounted
for Under
the Fair
Value Option		Total Outstandings
(Dollars in millions)December 31, 2025
Consumer real estate
Residential mortgage$1,335 $304 $774 $2,413 $233,889 $236,302 
Home equity87 33 120 240 26,583 26,823 
Credit card and other consumer
Credit card711 542 1,351 2,604 103,423 106,027 
Direct/Indirect consumer (2)
324 114 109 547 113,583 114,130 
Other consumer — — — — 144 144 
Total consumer2,457 993 2,354 5,804 477,622 483,426 
Consumer loans accounted for under the fair value option (3)
$165 165 
Total consumer loans and leases2,457 993 2,354 5,804 477,622 165 483,591 
Commercial
U.S. commercial743 228 702 1,673 434,569 436,242 
Non-U.S. commercial78 10 59 147 154,898 155,045 
Commercial real estate (4)
190 41 909 1,140 67,608 68,748 
Commercial lease financing67 17 75 159 16,082 16,241 
U.S. small business commercial228 96 211 535 21,965 22,500 
Total commercial1,306 392 1,956 3,654 695,122 698,776 
Commercial loans accounted for under the fair value option (3)
3,333 3,333 
Total commercial loans and leases
1,306 392 1,956 3,654 695,122 3,333 702,109 
Total loans and leases (5)
$3,763 $1,385 $4,310 $9,458 $1,172,744 $3,498 $1,185,700 
Percentage of outstandings 0.32 %0.12 %0.36 %0.80 %98.91 %0.29 %100.00 %
(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $179 million and nonperforming loans of $164 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $63 million and nonperforming loans of $105 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $207 million and nonperforming loans of $687 million. Consumer real estate loans current or less than 30 days past due includes $1.4 billion, and direct/indirect consumer includes $45 million of nonperforming loans.
(2)Total outstandings primarily includes auto and specialty lending loans and leases of $55.3 billion, U.S. securities-based lending loans of $55.0 billion and non-U.S. consumer loans of $3.0 billion.
(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $58 million and home equity loans of $107 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.1 billion and non-U.S. commercial loans of $1.2 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option.
(4)Total outstandings includes U.S. commercial real estate loans of $62.7 billion and non-U.S. commercial real estate loans of $6.0 billion.
(5)Total outstandings includes loans and leases of $39.5 billion pledged as collateral to the FHLB. The Corporation also pledged $313.7 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the FRB and FHLB.
Schedule of Financing Receivables, Non Accrual Status
The following table presents the Corporation’s nonperforming loans and leases and loans accruing past due 90 days or more at June 30, 2026 and December 31, 2025. Nonperforming loans held-for-sale (LHFS) are excluded from nonperforming loans and leases, as they are recorded at either fair value or the lower of cost or fair value. For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2025 Annual Report on Form 10-K.
Credit Quality
Nonperforming Loans
and Leases		Accruing Past Due
90 Days or More
(Dollars in millions)June 30
2026		December 31
2025		June 30
2026		December 31
2025
Residential mortgage (1)
$2,049 $2,008 $219 $207 
With no related allowance (2)
1,831 1,774 — — 
Home equity (1)
371 392 — — 
With no related allowance (2)
304 310 — — 
Credit Card            n/a            n/a1,241 1,351 
Direct/indirect consumer170 176 1 5 
Total consumer2,590 2,576 1,461 1,563 
U.S. commercial1,674 1,404 127 302 
Non-U.S. commercial312 80 35 9 
Commercial real estate1,068 1,596 33 10 
Commercial lease financing62 97 25 33 
U.S. small business commercial45 51 181 204 
Total commercial3,161 3,228 401 558 
Total nonperforming loans$5,751 $5,804 $1,862 $2,121 
Percentage of outstanding loans and leases
0.47 %0.49 %0.15 %0.18 %
(1)Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At June 30, 2026 and December 31, 2025 residential mortgage included $119 million and $104 million of loans on which interest had been curtailed by the Federal Housing Administration (FHA), and therefore were no longer accruing interest, although principal was still insured, and $100 million and $103 million of loans on which interest was still accruing.
(2)Primarily relates to loans for which the estimated fair value of the underlying collateral less any costs to sell is greater than the amortized cost of the loans as of the reporting date.
n/a = not applicable
Financing Receivable Credit Quality Indicators
The following tables present certain credit quality indicators and gross charge-offs for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at June 30, 2026.
Residential Mortgage – Credit Quality Indicators By Vintage
Term Loans by Origination Year
(Dollars in millions)Total as of June 30,
 2026		20262025202420232022Prior
Residential Mortgage
Refreshed LTV
Less than or equal to 90 percent$224,140 $12,374 $19,225 $13,231 $12,368 $34,806 $132,136 
Greater than 90 percent but less than or equal to 100 percent
2,230 208 674 561 314 345 128 
Greater than 100 percent
1,294 227 462 289 115 112 89 
Fully-insured loans
8,652 — 100 159 136 225 8,032 
Total Residential Mortgage$236,316 $12,809 $20,461 $14,240 $12,933 $35,488 $140,385 
Residential Mortgage
Refreshed FICO score
Less than 620$3,055 $62 $144 $167 $166 $366 $2,150 
Greater than or equal to 620 and less than 6602,328 61 181 147 135 372 1,432 
Greater than or equal to 660 and less than 74024,755 1,116 2,314 1,598 1,451 3,908 14,368 
Greater than or equal to 740
197,526 11,570 17,722 12,169 11,045 30,617 114,403 
Fully-insured loans
8,652 — 100 159 136 225 8,032 
Total Residential Mortgage$236,316 $12,809 $20,461 $14,240 $12,933 $35,488 $140,385 
Gross charge-offs for the six months ended June 30, 2026$18 $— $1 $5 $3 $3 $6 
Home Equity - Credit Quality Indicators
Total
Home Equity Loans and Reverse Mortgages (1)
Revolving LoansRevolving Loans Converted to Term Loans
(Dollars in millions)June 30, 2026
Home Equity
Refreshed LTV
Less than or equal to 90 percent$26,955 $636 $23,237 $3,082 
Greater than 90 percent but less than or equal to 100 percent
90 5 81 4 
Greater than 100 percent
69 7 54 8 
Total Home Equity$27,114 $648 $23,372 $3,094 
Home Equity
Refreshed FICO score
Less than 620$693 $63 $418 $212 
Greater than or equal to 620 and less than 660573 41 372 160 
Greater than or equal to 660 and less than 7404,980 153 4,046 781 
Greater than or equal to 740
20,868 391 18,536 1,941 
Total Home Equity$27,114 $648 $23,372 $3,094 
Gross charge-offs for the six months ended June 30, 2026$14 $— $10 $4 
(1)Includes reverse mortgages of $430 million and home equity loans of $218 million, which are no longer originated.
Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage
Direct/Indirect
Term Loans by Origination YearCredit Card
(Dollars in millions)Total Direct/
Indirect as of June 30, 2026		Revolving Loans20262025202420232022PriorTotal Credit Card as of June 30, 2026Revolving Loans
Revolving Loans Converted to Term Loans (1)
Refreshed FICO score
Less than 620$1,467 $6 $92 $361 $350 $319 $232 $107 $5,912 $5,527 $385 
Greater than or equal to 620 and less than 6601,199 2 156 354 270 202 142 73 5,842 5,579 263 
Greater than or equal to 660 and less than 7408,682 28 1,749 2,980 1,747 1,070 705 403 40,841 40,302 539 
Greater than or equal to 74041,123 38 7,594 14,659 9,120 4,745 2,969 1,998 53,064 52,972 92 
Other internal credit
   metrics (2,3)
65,856 65,036 131 211 52 34 75 317 — — — 
Total credit card and other
   consumer		$118,327 $65,110 $9,722 $18,565 $11,539 $6,370 $4,123 $2,898 $105,659 $104,380 $1,279 
Gross charge-offs for the six months ended June 30, 2026$193 $3 $2 $78 $36 $32 $22 $20 $2,294 $2,210 $84 
(1)Represents loans that were modified into term loans.
(2)Other internal credit metrics may include delinquency status, geography or other factors.
(3)Direct/indirect consumer includes $65.0 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at June 30, 2026.
Commercial – Credit Quality Indicators By Vintage (1)
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in millions)Total as of
June 30, 2026		20262025202420232022PriorRevolving Loans
U.S. Commercial
Risk ratings
Pass rated$445,710 $26,996 $50,745 $34,596 $20,239 $23,850 $49,445 $239,839 
Reservable criticized10,922 36 340 985 898 791 2,182 5,690 
Total U.S. Commercial
$456,632 $27,032 $51,085 $35,581 $21,137 $24,641 $51,627 $245,529 
Gross charge-offs for the six months ended
   June 30, 2026
$339 $2 $12 $12 $11 $26 $52 $224 
Non-U.S. Commercial
Risk ratings
Pass rated$157,466 $13,574 $20,461 $17,100 $8,475 $7,269 $12,409 $78,178 
Reservable criticized2,428 1 192 111 410 159 151 1,404 
Total Non-U.S. Commercial
$159,894 $13,575 $20,653 $17,211 $8,885 $7,428 $12,560 $79,582 
Gross charge-offs for the six months ended
   June 30, 2026
$61 $— $14 $— $7 $16 $3 $21 
Commercial Real Estate
Risk ratings
Pass rated$64,713 $6,739 $11,610 $5,344 $3,632 $6,954 $19,109 $11,325 
Reservable criticized6,384 14 105 151 180 1,413 3,901 620 
Total Commercial Real Estate
$71,097 $6,753 $11,715 $5,495 $3,812 $8,367 $23,010 $11,945 
Gross charge-offs for the six months ended
   June 30, 2026
$94 $— $— $— $— $2 $92 $— 
Commercial Lease Financing
Risk ratings
Pass rated$14,797 $1,538 $3,769 $2,894 $2,376 $1,575 $2,645 $— 
Reservable criticized605 1 30 99 161 113 201 — 
Total Commercial Lease Financing
$15,402 $1,539 $3,799 $2,993 $2,537 $1,688 $2,846 $— 
Gross charge-offs for the six months ended
   June 30, 2026
$15 $— $1 $2 $6 $4 $2 $— 
U.S. Small Business Commercial (2)
Risk ratings
Pass rated$11,460 $1,037 $2,411 $1,815 $1,571 $1,376 $2,414 $836 
Reservable criticized604 — 60 128 168 83 158 7 
Total U.S. Small Business Commercial
$12,064 $1,037 $2,471 $1,943 $1,739 $1,459 $2,572 $843 
Gross charge-offs for the six months ended
   June 30, 2026
$21 $— $1 $— $4 $4 $3 $9 
Total$715,089 $49,936 $89,723 $63,223 $38,110 $43,583 $92,615 $337,899 
Gross charge-offs for the six months ended
   June 30, 2026
$530 $2 $28 $14 $28 $52 $152 $254 
(1)Excludes $3.2 billion of loans accounted for under the fair value option at June 30, 2026.
(2)Excludes U.S. Small Business Card loans of $11.6 billion. Refreshed FICO scores for this portfolio are $796 million for less than 620; $665 million for greater than or equal to 620 and less than 660; $3.7 billion for greater than or equal to 660 and less than 740; and $6.4 billion for greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $285 million.
The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at December 31, 2025.
Residential Mortgage – Credit Quality Indicators By Vintage
Term Loans by Origination Year
(Dollars in millions)Total as of December 31,
 2025		20252024202320222021Prior
Residential Mortgage
Refreshed LTV
Less than or equal to 90 percent$223,761 $22,998 $14,267 $12,431 $37,042 $69,829 $67,194 
Greater than 90 percent but less than or equal to 100 percent
2,318 737 644 375 405 94 63 
Greater than 100 percent
1,147 453 341 126 137 50 40 
Fully-insured loans
9,076 157 198 167 277 2,890 5,387 
Total Residential Mortgage$236,302 $24,345 $15,450 $13,099 $37,861 $72,863 $72,684 
Residential Mortgage
Refreshed FICO score
Less than 620$3,076 $197 $242 $193 $533 $724 $1,187 
Greater than or equal to 620 and less than 6602,277 192 150 143 408 540 844 
Greater than or equal to 660 and less than 74025,065 2,488 1,854 1,507 4,253 6,668 8,295 
Greater than or equal to 740196,808 21,311 13,006 11,089 32,390 62,041 56,971 
Fully-insured loans
9,076 157 198 167 277 2,890 5,387 
Total Residential Mortgage$236,302 $24,345 $15,450 $13,099 $37,861 $72,863 $72,684 
Gross charge-offs for the year ended December 31, 2025$24 $— $4 $6 $6 $2 $6 
Home Equity - Credit Quality Indicators
Total
Home Equity Loans and Reverse Mortgages (1)
Revolving LoansRevolving Loans Converted to Term Loans
(Dollars in millions)December 31, 2025
Home Equity
Refreshed LTV
Less than or equal to 90 percent$26,686 $687 $22,909 $3,090 
Greater than 90 percent but less than or equal to 100 percent
70 3 63 4 
Greater than 100 percent
67 7 51 9 
Total Home Equity$26,823 $697 $23,023 $3,103 
Home Equity
Refreshed FICO score
Less than 620$701 $67 $399 $235 
Greater than or equal to 620 and less than 660595 44 375 176 
Greater than or equal to 660 and less than 7405,036 173 4,057 806 
Greater than or equal to 740
20,491 413 18,192 1,886 
Total Home Equity$26,823 $697 $23,023 $3,103 
Gross charge-offs for the year ended December 31, 2025$16 $— $10 $6 
(1)Includes reverse mortgages of $457 million and home equity loans of $240 million, which are no longer originated.
Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage
Direct/Indirect
Term Loans by Origination YearCredit Card
(Dollars in millions)Total Direct/Indirect as of December 31, 2025Revolving Loans20252024202320222021PriorTotal Credit Card as of December 31, 2025Revolving Loans
Revolving Loans Converted to Term Loans (1)
Refreshed FICO score
Less than 620$1,560 $8 $274 $386 $404 $306 $141 $41 $6,255 $5,872 $383 
Greater than or equal to 620 and less than 6601,251 4 352 327 266 186 85 31 5,883 5,640 243 
Greater than or equal to 660 and less than 7409,117 37 3,739 2,236 1,491 986 439 189 41,176 40,679 497 
Greater than or equal to 74043,475 49 18,136 11,534 6,744 4,107 1,865 1,040 52,713 52,632 81 
Other internal credit
  metrics (2, 3)
58,727 57,999 222 66 31 174 39 196 — — — 
Total credit card and other
  consumer		$114,130 $58,097 $22,723 $14,549 $8,936 $5,759 $2,569 $1,497 $106,027 $104,823 $1,204 
Gross charge-offs for the year
   ended December 31, 2025		$373 $6 $44 $110 $92 $64 $26 $31 $4,498 $4,338 $160 
(1)Represents loans that were modified into term loans.
(2)Other internal credit metrics may include delinquency status, geography or other factors.
(3)Direct/indirect consumer includes $58.0 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at December 31, 2025.
Commercial – Credit Quality Indicators By Vintage (1)
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in millions)Total as of December 31, 202520252024202320222021PriorRevolving Loans
U.S. Commercial
Risk ratings
Pass rated$424,708 $61,845 $39,127 $23,611 $26,931 $16,001 $36,627 $220,566 
Reservable criticized11,534 164 772 965 946 611 2,091 5,985 
Total U.S. Commercial
$436,242 $62,009 $39,899 $24,576 $27,877 $16,612 $38,718 $226,551 
Gross charge-offs for the year ended
  December 31, 2025		$536 $3 $13 $35 $101 $12 $34 $338 
Non-U.S. Commercial
Risk ratings
Pass rated$152,364 $25,753 $21,446 $9,613 $8,612 $9,223 $6,066 $71,651 
Reservable criticized2,681 120 117 478 311 63 114 1,478 
Total Non-U.S. Commercial
$155,045 $25,873 $21,563 $10,091 $8,923 $9,286 $6,180 $73,129 
Gross charge-offs for the year ended
  December 31, 2025		$33 $— $— $7 $— $8 $— $18 
Commercial Real Estate
Risk ratings
Pass rated$60,435 $11,693 $5,607 $4,418 $8,136 $6,175 $13,796 $10,610 
Reservable criticized8,313 5 249 366 2,294 1,986 2,874 539 
Total Commercial Real Estate
$68,748 $11,698 $5,856 $4,784 $10,430 $8,161 $16,670 $11,149 
Gross charge-offs for the year ended
  December 31, 2025		$520 $— $— $— $56 $102 $360 $2 
Commercial Lease Financing
Risk ratings
Pass rated$15,770 $3,916 $3,142 $2,763 $1,847 $1,625 $2,477 $— 
Reservable criticized471 13 91 131 119 36 81 — 
Total Commercial Lease Financing
$16,241 $3,929 $3,233 $2,894 $1,966 $1,661 $2,558 $— 
Gross charge-offs for the year ended
  December 31, 2025		$8 $— $2 $3 $2 $1 $— $— 
U.S. Small Business Commercial (2)
Risk ratings
Pass rated$11,001 $2,368 $1,908 $1,657 $1,471 $1,131 $1,670 $796 
Reservable criticized559 14 100 174 95 76 92 8 
Total U.S. Small Business Commercial
$11,560 $2,382 $2,008 $1,831 $1,566 $1,207 $1,762 $804 
Gross charge-offs for the year ended
  December 31, 2025		$32 $— $1 $2 $3 $2 $6 $18 
 Total $687,836 $105,891 $72,559 $44,176 $50,762 $36,927 $65,888 $311,633 
Gross charge-offs for the year ended
  December 31, 2025		$1,129 $3 $16 $47 $162 $125 $400 $376 
(1) Excludes $3.3 billion of loans accounted for under the fair value option at December 31, 2025.
(2) Excludes U.S. Small Business Card loans of $10.9 billion. Refreshed FICO scores for this portfolio are $785 million for less than 620; $651 million for greater than or equal to 620 and less than 660; $3.6 billion for greater than or equal to 660 and less than 740; and $5.9 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $555 million.
Troubled Debt Restructurings on Financing Receivables
The table below provides the ending amortized cost of the Corporation’s consumer real estate loans modified during the three and six months ended June 30, 2026 and 2025.
Consumer Real Estate - Modifications to Borrowers in Financial Difficulty
Forbearance and Other Payment Plans (1)
Permanent ModificationTotalAs a % of Financing Receivables
Forbearance and Other Payment Plans (1)
Permanent ModificationTotalAs a % of Financing Receivables
(Dollars in millions)
Three Months Ended June 30, 2026Six Months Ended June 30, 2026
Residential Loans$115 $57 $172 0.07 %$135 $94 $229 0.10 %
Home Equity— 4 4 0.01 3 7 10 0.04 
Total$115 $61 $176 0.07 $138 $101 $239 0.09 
Three Months Ended June 30, 2025Six Months Ended June 30, 2025
Residential Loans$10 $58 $68 0.03 %$17 $98 $115 0.05 %
Home Equity— 5 5 0.02 — 12 12 0.05 
Total$10 $63 $73 0.03 $17 $110 $127 0.05 
(1)Limited to those modifications that had an other-than-insignificant delay in payment, including extended residential mortgage relief provided to borrowers for their home rebuilding efforts following the 2025 California wildfires.

The table below presents the financial effect of modified consumer real estate loans.
Financial Effect of Modified Consumer Real Estate Loans
Three Months Ended June 30Six Months Ended June 30
2026202520262025
Forbearance and Other Payment Plans
Weighted-average duration
Residential Mortgage5 months6 months11 months6 months
Home Equityn/mn/mn/mn/m
Permanent Modifications
Weighted-average Term Extension
Residential Mortgage10.1 years9.2 years10.2 years9.4 years
Home Equity5.4 years14.7 years6.0 years16.6 years
Weighted-average Interest Rate Reduction
Residential Mortgage1.45 %1.06 %1.52 %1.19 %
Home Equity2.29 %2.27 %2.93 %2.23 %
n/m = not meaningful
The table below provides aging information as of June 30, 2026 and 2025 for consumer real estate loans that were modified over the last 12 months.
Consumer Real Estate - Payment Status of Modifications to Borrowers in Financial Difficulty
Current
30–89 Days
Past Due
90+ Days
Past Due
Total
(Dollars in millions)June 30, 2026
Residential mortgage$152 $40 $125 $317 
Home equity14 2 3 19 
Total$166 $42 $128 $336 
June 30, 2025
Residential mortgage$109 $44 $37 $190 
Home equity23 2 1 26 
Total$132 $46 $38 $216 
The following table provides the ending amortized cost of commercial loans modified during the three and six months ended June 30, 2026 and 2025.
Commercial Loans - Modifications to Borrowers in Financial Difficulty
Term ExtensionForbearancesInterest Rate ReductionTotalAs a % of Financing ReceivablesTerm ExtensionForbearancesInterest Rate
Reduction		TotalAs a % of Financing Receivables
(Dollars in millions)Three Months Ended June 30, 2026Six Months Ended June 30, 2026
U.S. commercial$586$399$—$9850.22 %$1,133$412$—$1,5450.34 %
Non-U.S. commercial7110—810.05 7810—880.06 
Commercial real estate307——3070.43 363288—6510.92 
Total$964$409$—$1,3730.20 $1,574$710$—$2,2840.33 
Three Months Ended June 30, 2025Six Months Ended June 30, 2025
U.S. commercial$397$104$—$5010.12 %$610$134$—$7440.18 %
Non-U.S. commercial————— 339—420.03 
Commercial real estate769439—1,2081.84 1,403551—1,9542.98 
Total$1,166$543$—$1,7090.27 $2,046$694$—$2,7400.44 
The table below provides aging information as of June 30, 2026 and 2025 for commercial loans that were modified over the last 12 months.
Commercial - Payment Status of Modified Loans to Borrowers in Financial Difficulty
​
Current
30–89 Days
Past Due
90+ Days
Past Due
Total
(Dollars in millions)June 30, 2026
U.S. Commercial$2,156 $3 $134 $2,293
Non-U.S. Commercial105 — — 105
Commercial Real Estate
658 7 292 957
Total$2,919 $10 $426 $3,355
June 30, 2025
U.S. Commercial$1,249 $7 $43 $1,299
Non-U.S. Commercial69 — — 69
Commercial Real Estate2,756 5 645 3,406
Total$4,074 $12 $688 $4,774
Changes in the Allowance for Credit Losses
The changes in the allowance for credit losses, including net charge-offs and provision for loan and lease losses, are detailed in the following table.
Consumer
Real Estate		Credit Card and Other ConsumerCommercialTotal
(Dollars in millions)Three Months Ended June 30, 2026
Allowance for loan and lease losses, April 1$417 $7,854 $4,877 $13,148 
Loans and leases charged off(16)(1,314)(410)(1,740)
Recoveries of loans and leases previously charged off21 269 38 328 
Net charge-offs5 (1,045)(372)(1,412)
Provision for loan and lease losses19 996 362 1,377 
Other — — 1 1 
Allowance for loan and lease losses, June 30
441 7,805 4,868 13,114 
Reserve for unfunded lending commitments, April 175 — 1,086 1,161 
Provision for unfunded lending commitments(5)— (6)(11)
Reserve for unfunded lending commitments, June 30
70 — 1,080 1,150 
Allowance for credit losses, June 30
$511 $7,805 $5,948 $14,264 
Three Months Ended June 30, 2025
Allowance for loan and lease losses, April 1$340 $8,212 $4,704 $13,256 
Loans and leases charged off(14)(1,299)(511)(1,824)
Recoveries of loans and leases previously charged off22 232 45 299 
Net charge-offs8 (1,067)(466)(1,525)
Provision for loan and lease losses(3)1,087 476 1,560 
Other1 — (1)— 
Allowance for loan and lease losses, June 30
346 8,232 4,713 13,291 
Reserve for unfunded lending commitments, April 157 — 1,053 1,110 
Provision for unfunded lending commitments1 — 31 32 
Other— — 1 1 
Reserve for unfunded lending commitments, June 30
58 — 1,085 1,143 
Allowance for credit losses, June 30
$404 $8,232 $5,798 $14,434 
(Dollars in millions)Six Months Ended June 30, 2026
Allowance for loan and lease losses, January 1$416 $7,964 $4,823 $13,203 
Loans and leases charged off(32)(2,630)(815)(3,477)
Recoveries of loans and leases previously charged off39 524 93 656 
Net charge-offs7 (2,106)(722)(2,821)
Provision for loan and lease losses19 1,946 765 2,730 
Other(1)1 2 2 
Allowance for loan and lease losses, June 30
441 7,805 4,868 13,114 
Reserve for unfunded lending commitments, January 162 — 1,115 1,177 
Provision for unfunded lending commitments8 — (35)(27)
Reserve for unfunded lending commitments, June 30
70 — 1,080 1,150 
Allowance for credit losses, June 30
$511 $7,805 $5,948 $14,264 
Six Months Ended June 30, 2025
Allowance for loan and lease losses, January 1$293 $8,277 $4,670 $13,240 
Loans and leases charged off(20)(2,648)(889)(3,557)
Recoveries of loans and leases previously charged off40 450 90 580 
Net charge-offs20 (2,198)(799)(2,977)
Provision for loan and lease losses29 2,154 843 3,026 
Other4 (1)(1)2 
Allowance for loan and lease losses, June 30
346 8,232 4,713 13,291 
Reserve for unfunded lending commitments, January 157 — 1,039 1,096 
Provision for unfunded lending commitments1 — 45 46 
Other— — 1 1 
Reserve for unfunded lending commitments, June 30
58 — 1,085 1,143 
Allowance for credit losses, June 30
$404 $8,232 $5,798 $14,434