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Loans | 6 Months Ended
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Jun. 30, 2025
Receivables [Abstract] |
Loans |
NOTE 4—LOANS
Our loan portfolio consists of loans held for investment, including loans held in our consolidated trusts, and loans held for sale. We further divide our loans held for investment into three portfolio segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment consists of domestic credit card loans, international credit card loans and personal loans. The Consumer Banking segment consists of auto and retail banking loans. The Commercial Banking segment consists of commercial and multifamily real estate as well as commercial and industrial loans. The information presented in the tables in this note excludes loans held for sale, which are carried at either fair value (if we elect the fair value option) or at the lower of cost or fair value. Accrued interest receivable of $3.0 billion and $2.2 billion as of June 30, 2025 and December 31, 2024, respectively, is not included in the tables in this note. The table below presents the composition and aging analysis of our loans held for investment portfolio as of June 30, 2025 and December 31, 2024. The delinquency aging includes all past due loans, both performing and nonperforming. Table 4.1: Loan Portfolio Composition and Aging Analysis
|  | June 30, 2025
|  |  |  | Delinquent Loans |  |
(Dollars in millions) |  | Current |  | 30-59 Days |  | 60-89 Days |  | > 90 Days |  | Total Delinquent Loans |  | Total Loans
Credit Card: |  |  |  |  |  |  |  |  |  |  |  |
Domestic credit card |  | $ | 243,401 |  | $ | 2,702 |  | $ | 1,985 |  | $ | 4,393 |  | $ | 9,080 |  | $ | 252,481
Personal loans |  | 9,622 |  | 67 |  | 53 |  | 46 |  | 166 |  | 9,788
International card businesses |  | 7,096 |  | 119 |  | 73 |  | 152 |  | 344 |  | 7,440
Total credit card |  | 260,119 |  | 2,888 |  | 2,111 |  | 4,591 |  | 9,590 |  | 269,709
Consumer Banking: |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | 75,647 |  | 2,680 |  | 1,281 |  | 409 |  | 4,370 |  | 80,017
Retail banking |  | 1,200 |  | 11 |  | 2 |  | 3 |  | 16 |  | 1,216
Total consumer banking |  | 76,847 |  | 2,691 |  | 1,283 |  | 412 |  | 4,386 |  | 81,233
Commercial Banking: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily real estate |  | 32,757 |  | 126 |  | 84 |  | 0 |  | 210 |  | 32,967
Commercial and industrial |  | 55,002 |  | 1 |  | 69 |  | 316 |  | 386 |  | 55,388
Total commercial banking |  | 87,759 |  | 127 |  | 153 |  | 316 |  | 596 |  | 88,355
Total loans(1) |  | $ | 424,725 |  | $ | 5,706 |  | $ | 3,547 |  | $ | 5,319 |  | $ | 14,572 |  | $ | 439,297
% of Total loans |  | 96.68% |  | 1.30% |  | 0.81% |  | 1.21% |  | 3.32% |  | 100.00%
|  | December 31, 2024
|  |  |  | Delinquent Loans |  |
(Dollars in millions) |  | Current |  | 30-59 Days |  | 60-89 Days |  | > 90 Days |  | Total Delinquent Loans |  | Total Loans
Credit Card: |  |  |  |  |  |  |  |  |  |  |  |
Domestic credit card |  | $ | 148,565 |  | $ | 1,973 |  | $ | 1,503 |  | $ | 3,577 |  | $ | 7,053 |  | $ | 155,618
Personal loans |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A
International card businesses |  | 6,570 |  | 107 |  | 72 |  | 141 |  | 320 |  | 6,890
Total credit card |  | 155,135 |  | 2,080 |  | 1,575 |  | 3,718 |  | 7,373 |  | 162,508
Consumer Banking: |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | 71,600 |  | 3,149 |  | 1,529 |  | 551 |  | 5,229 |  | 76,829
Retail banking |  | 1,237 |  | 13 |  | 3 |  | 10 |  | 26 |  | 1,263
Total consumer banking |  | 72,837 |  | 3,162 |  | 1,532 |  | 561 |  | 5,255 |  | 78,092
Commercial Banking: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily real estate |  | 31,733 |  | 31 |  | 9 |  | 130 |  | 170 |  | 31,903
Commercial and industrial |  | 55,030 |  | 3 |  | 22 |  | 217 |  | 242 |  | 55,272
Total commercial banking |  | 86,763 |  | 34 |  | 31 |  | 347 |  | 412 |  | 87,175
Total loans(1) |  | $ | 314,735 |  | $ | 5,276 |  | $ | 3,138 |  | $ | 4,626 |  | $ | 13,040 |  | $ | 327,775
% of Total loans |  | 96.02% |  | 1.61% |  | 0.96% |  | 1.41% |  | 3.98% |  | 100.00%
__________ (1)Loans include unamortized premiums, discounts and deferred fees and costs totaling $946 million and $1.2 billion as of June 30, 2025 and December 31, 2024, respectively. The following table presents our loans held for investment that are 90 days or more past due that continue to accrue interest, loans that are classified as nonperforming and loans that are classified as nonperforming without an allowance as of June 30, 2025 and December 31, 2024. Nonperforming loans generally include loans that have been placed on nonaccrual status. We recognized interest income for loans classified as nonperformin g of $3 million and $20 million fo r the three and six months ended June 30, 2025, respectively, and $6 million and $31 million for the three and six months ended June 30, 2024, respectively. Table 4.2: 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans
|  | June 30, 2025 |  | December 31, 2024
(Dollars in millions) |  | > 90 Days and Accruing |  | Nonperforming Loans |  | Nonperforming Loans Without an Allowance |  | > 90 Days and Accruing |  | Nonperforming Loans |  | Nonperforming Loans Without an Allowance
Credit Card: |  |  |  |  |  |  |  |  |  |  |  |
Domestic credit card |  | $ | 4,393 |  |  | N/A |  | $ | 0 |  |  | $ | 3,577 |  |  | N/A |  | $ | 0 |
Personal loans |  | 45 |  |  | $ | 11 |  |  | 0 |  |  | N/A |  | N/A |  | N/A
International card businesses |  | 144 |  |  | 12 |  |  | 0 |  |  | 134 |  |  | $ | 10 |  |  | 0 |
Total credit card |  | 4,582 |  |  | 23 |  |  | 0 |  |  | 3,711 |  |  | 10 |  |  | 0 |
Consumer Banking: |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | 0 |  |  | 585 |  |  | 0 |  |  | 0 |  |  | 750 |  |  | 0 |
Retail banking |  | 0 |  |  | 18 |  |  | 9 |  |  | 0 |  |  | 25 |  |  | 12 |
Total consumer banking |  | 0 |  |  | 603 |  |  | 9 |  |  | 0 |  |  | 775 |  |  | 12 |
Commercial Banking: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily real estate |  | 0 |  |  | 348 |  |  | 176 |  |  | 0 |  |  | 509 |  |  | 227 |
Commercial and industrial |  | 86 |  |  | 803 |  |  | 430 |  |  | 96 |  |  | 701 |  |  | 607 |
Total commercial banking |  | 86 |  |  | 1,151 |  |  | 606 |  |  | 96 |  |  | 1,210 |  |  | 834 |
Total |  | $ | 4,668 |  |  | $ | 1,777 |  |  | $ | 615 |  |  | $ | 3,807 |  |  | $ | 1,995 |  |  | $ | 846 |
% of Total loans held for investment |  | 1.06 | % |  | 0.40 | % |  | 0.14 | % |  | 1.16 | % |  | 0.61 | % |  | 0.26 | %
Credit Quality Indicators We closely monitor economic conditions and loan performance trends to assess and manage our exposure to credit risk. We discuss these risks and our credit quality indicator for each portfolio segment below. Credit Card Our Credit Card segment is highly diversified across millions of accounts and numerous geographies without significant individual exposure. We therefore generally manage credit risk based on portfolios with common risk characteristics. The risk in our Credit Card segment correlates to broad economic trends, such as the U.S. unemployment rate and U.S. Real Gross Domestic Product (“GDP”) growth rate, as well as consumers’ financial condition, all of which can have a material effect on credit performance. The key indicator we assess in monitoring the credit quality and risk of our Credit Card segment is delinquency trends, including an analysis of loan migration between delinquency categories over time. The tables below present our Credit Card segment by delinquency status as of June 30, 2025 and December 31, 2024. Table 4.3: Domestic and International Credit Card Delinquency Status
|  |  |  | June 30, 2025 |  | December 31, 2024
(Dollars in millions) |  |  |  | Revolving Loans |  | Revolving Loans Converted to Term |  | Total |  | Revolving Loans |  | Revolving Loans Converted to Term |  | Total
Credit Card: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic credit card: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  | $ | 242,322 |  |  | $ | 1,079 |  |  | $ | 243,401 |  |  | $ | 148,112 |  |  | $ | 453 |  |  | $ | 148,565 |
30-59 days |  |  |  | 2,643 |  |  | 59 |  |  | 2,702 |  |  | 1,944 |  |  | 29 |  |  | 1,973 |
60-89 days |  |  |  | 1,940 |  |  | 45 |  |  | 1,985 |  |  | 1,483 |  |  | 20 |  |  | 1,503 |
Greater than 90 days |  |  |  | 4,300 |  |  | 93 |  |  | 4,393 |  |  | 3,549 |  |  | 28 |  |  | 3,577 |
Total domestic credit card |  |  |  | 251,205 |  |  | 1,276 |  |  | 252,481 |  |  | 155,088 |  |  | 530 |  |  | 155,618 |
International card businesses: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  | 7,054 |  |  | 42 |  |  | 7,096 |  |  | 6,533 |  |  | 37 |  |  | 6,570 |
30-59 days |  |  |  | 115 |  |  | 4 |  |  | 119 |  |  | 102 |  |  | 5 |  |  | 107 |
60-89 days |  |  |  | 70 |  |  | 3 |  |  | 73 |  |  | 69 |  |  | 3 |  |  | 72 |
Greater than 90 days |  |  |  | 147 |  |  | 5 |  |  | 152 |  |  | 135 |  |  | 6 |  |  | 141 |
Total international card businesses |  |  |  | $ | 7,386 |  |  | $ | 54 |  |  | $ | 7,440 |  |  | $ | 6,839 |  |  | $ | 51 |  |  | $ | 6,890 |
Table 4.4: Personal Loans Delinquency Status
|  | June 30, 2025
|  | Term Loans by Vintage Year |  |  |  |  |  |
(Dollars in millions) |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | Total Term Loans |  | Revolving Loans |  | Revolving Loans Converted to Term |  | Total
Personal loans—Delinquency status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 2,225 |  |  | $ | 3,652 |  |  | $ | 2,294 |  |  | $ | 988 |  |  | $ | 335 |  |  | $ | 128 |  |  | $ | 9,622 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 9,622 |
30-59 days |  | 3 |  |  | 20 |  |  | 25 |  |  | 13 |  |  | 4 |  |  | 2 |  |  | 67 |  |  | 0 |  | 0 |  | 67 |
60-89 days |  | 1 |  |  | 16 |  |  | 20 |  |  | 11 |  |  | 4 |  |  | 1 |  |  | 53 |  |  | 0 |  | 0 |  | 53 |
Greater than 90 days |  | 1 |  |  | 13 |  |  | 17 |  |  | 10 |  |  | 3 |  |  | 2 |  |  | 46 |  |  | 0 |  | 0 |  | 46 |
Total personal loans |  | $ | 2,230 |  |  | $ | 3,701 |  |  | $ | 2,356 |  |  | $ | 1,022 |  |  | $ | 346 |  |  | $ | 133 |  |  | $ | 9,788 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 9,788 |
The personal loans delinquency status table as of December 31, 2024 is not comparative as the Closing Date was subsequent to the period. Consumer Banking Our Consumer Banking segment consists of auto and retail banking loans. Similar to our Credit Card segment, the risk in our Consumer Banking segment correlates to broad economic trends as well as consumers’ financial condition, all of which can have a material effect on credit performance. The key indicator we consider when assessing the credit quality and risk of our auto loan portfolio is borrower credit scores as they measure the creditworthiness of borrowers. Delinquency trends are the key indicator we assess in monitoring the credit quality and risk of our retail banking loan portfolio. The table below presents loans held for investment in our Consumer Banking segment loans held for investment by credit quality indicator as of June 30, 2025 and December 31, 2024. We present our auto loan portfolio by Fair Isaac Corporation (“FICO”) scores at origination and our retail banking loan portfolio by delinquency status, which includes all past due loans, both performing and nonperforming. Table 4.5: Consumer Banking Portfolio by Vintage Year
|  | June 30, 2025 |  |
|  | Term Loans by Vintage Year |  |  |  |  |  |  |  |
(Dollars in millions) |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | Total Term Loans |  | Revolving Loans |  | Revolving Loans Converted to Term |  | Total |  |
Auto—At origination FICO scores:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Greater than 660 |  | $ | 9,274 |  |  | $ | 14,173 |  |  | $ | 6,668 |  |  | $ | 6,285 |  |  | $ | 4,022 |  |  | $ | 1,040 |  |  | $ | 41,462 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 41,462 |  |  |
621-660 |  | 3,466 |  |  | 4,790 |  |  | 2,846 |  |  | 2,253 |  |  | 1,436 |  |  | 517 |  |  | 15,308 |  |  | 0 |  |  | 0 |  |  | 15,308 |  |  |
620 or below |  | 6,503 |  |  | 7,052 |  |  | 4,006 |  |  | 2,814 |  |  | 1,852 |  |  | 1,020 |  |  | 23,247 |  |  | 0 |  |  | 0 |  |  | 23,247 |  |  |
Total auto |  | 19,243 |  |  | 26,015 |  |  | 13,520 |  |  | 11,352 |  |  | 7,310 |  |  | 2,577 |  |  | 80,017 |  |  | 0 |  |  | 0 |  |  | 80,017 |  |  |
Retail banking—Delinquency status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | 57 |  |  | 130 |  |  | 74 |  |  | 83 |  |  | 44 |  |  | 466 |  |  | 854 |  |  | 343 |  |  | 3 |  |  | 1,200 |  |  |
30-59 days |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 3 |  |  | 3 |  |  | 8 |  |  | 0 |  |  | 11 |  |  |
60-89 days |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 2 |  |  | 0 |  |  | 2 |  |  |
Greater than 90 days |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1 |  |  | 1 |  |  | 2 |  |  | 0 |  |  | 3 |  |  |
Total retail banking |  | 57 |  |  | 130 |  |  | 74 |  |  | 83 |  |  | 44 |  |  | 470 |  |  | 858 |  |  | 355 |  |  | 3 |  |  | 1,216 |  |  |
Total consumer banking |  | $ | 19,300 |  |  | $ | 26,145 |  |  | $ | 13,594 |  |  | $ | 11,435 |  |  | $ | 7,354 |  |  | $ | 3,047 |  |  | $ | 80,875 |  |  | $ | 355 |  |  | $ | 3 |  |  | $ | 81,233 |  |  |
|  | December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
|  | Term Loans by Vintage Year |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in millions) |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Total Term Loans |  | Revolving Loans |  | Revolving Loans Converted to Term |  | Total |  |  |  |  |  |  |  |  |  |  |  |
Auto—At origination FICO scores:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Greater than 660 |  | $ | 17,057 |  |  | $ | 8,333 |  |  | $ | 8,194 |  |  | $ | 5,621 |  |  | $ | 1,482 |  |  | $ | 394 |  |  | $ | 41,081 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 41,081 |  |  |  |  |  |  |  |  |  |  |  |  |
621-660 |  | 5,584 |  |  | 3,492 |  |  | 2,906 |  |  | 1,986 |  |  | 667 |  |  | 235 |  |  | 14,870 |  |  | 0 |  |  | 0 |  |  | 14,870 |  |  |  |  |  |  |  |  |  |  |  |  |
620 or below |  | 8,102 |  |  | 4,882 |  |  | 3,626 |  |  | 2,546 |  |  | 1,207 |  |  | 515 |  |  | 20,878 |  |  | 0 |  |  | 0 |  |  | 20,878 |  |  |  |  |  |  |  |  |  |  |  |  |
Total auto |  | 30,743 |  |  | 16,707 |  |  | 14,726 |  |  | 10,153 |  |  | 3,356 |  |  | 1,144 |  |  | 76,829 |  |  | 0 |  |  | 0 |  |  | 76,829 |  |  |  |  |  |  |  |  |  |  |  |  |
Retail banking—Delinquency status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | 143 |  |  | 78 |  |  | 93 |  |  | 49 |  |  | 51 |  |  | 469 |  |  | 883 |  |  | 351 |  |  | 3 |  |  | 1,237 |  |  |  |  |  |  |  |  |  |  |  |  |
30-59 days |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 2 |  |  | 2 |  |  | 11 |  |  | 0 |  |  | 13 |  |  |  |  |  |  |  |  |  |  |  |  |
60-89 days |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1 |  |  | 1 |  |  | 2 |  |  | 0 |  |  | 3 |  |  |  |  |  |  |  |  |  |  |  |  |
Greater than 90 days |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1 |  |  | 7 |  |  | 8 |  |  | 1 |  |  | 1 |  |  | 10 |  |  |  |  |  |  |  |  |  |  |  |  |
Total retail banking |  | 143 |  |  | 78 |  |  | 93 |  |  | 49 |  |  | 52 |  |  | 479 |  |  | 894 |  |  | 365 |  |  | 4 |  |  | 1,263 |  |  |  |  |  |  |  |  |  |  |  |  |
Total consumer banking |  | $ | 30,886 |  |  | $ | 16,785 |  |  | $ | 14,819 |  |  | $ | 10,202 |  |  | $ | 3,408 |  |  | $ | 1,623 |  |  | $ | 77,723 |  |  | $ | 365 |  |  | $ | 4 |  |  | $ | 78,092 |  |  |  |  |  |  |  |  |  |  |  |  |
__________ (1)Amounts represent period-end loans held for investment in each credit score category. Auto loan credit scores generally represent average FICO scores obtained from three credit bureaus at the time of application and are not refreshed thereafter. Balances for which no credit score is available or the credit score is invalid are included in the 620 or below category. Commercial Banking The key credit quality indicator for our Commercial Banking segment is our internal risk ratings. We assign internal risk ratings to loans based on relevant information about the ability of the borrowers to repay their debt. In determining the risk rating of a particular loan, some of the factors considered are the borrower’s current financial condition, historical and projected future credit performance, prospects for support from financially responsible guarantors, the estimated realizable value of any collateral and current economic trends. The scale based on our internal risk rating system is as follows: •Noncriticized: Loans that have not been designated as criticized, frequently referred to as “pass” loans. •Criticized performing: Loans in which the financial condition of the obligor is stressed, affecting earnings, cash flows or collateral values. The borrower currently has adequate capacity to meet near-term obligations; however, the stress, left unabated, may result in deterioration of the repayment prospects at some future date. •Criticized nonperforming: Loans that are not adequately protected by the current net worth and paying capacity of the obligor or the collateral pledged, if any. Loans classified as criticized nonperforming have a well-defined weakness, or weaknesses, which jeopardize the full repayment of the debt. These loans are characterized by the distinct possibility that we will sustain a credit loss if the deficiencies are not corrected and are generally placed on nonaccrual status. We use our internal risk rating system for regulatory reporting, determining the frequency of credit exposure reviews, and evaluating and determining the allowance for credit losses. Generally, loans that are designated as criticized performing and criticized nonperforming are reviewed quarterly by management to determine if they are appropriately classified/rated and whether any impairment exists. Noncriticized loans are generally reviewed, at least annually, to determine the appropriate risk rating. In addition, we evaluate the risk rating during the renewal process of any loan or if a loan becomes past due. The following table presents loans held for investment for our Commercial Banking segment by internal risk ratings as of June 30, 2025 and December 31, 2024. The internal risk rating status includes all past due loans, both performing and nonperforming. Table 4.6: Commercial Banking Portfolio by Internal Risk Ratings
|  | June 30, 2025
|  | Term Loans by Vintage Year |  |  |  |  |  |
(Dollars in millions) |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | Total Term Loans |  | Revolving Loans |  | Revolving Loans Converted to Term |  | Total
Internal risk rating:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noncriticized |  | $ | 1,100 |  |  | $ | 1,694 |  |  | $ | 2,259 |  |  | $ | 3,500 |  |  | $ | 1,823 |  |  | $ | 5,208 |  |  | $ | 15,584 |  |  | $ | 14,715 |  |  | $ | 49 |  |  | $ | 30,348 |
Criticized performing |  | 0 |  |  | 104 |  |  | 89 |  |  | 910 |  |  | 67 |  |  | 1,069 |  |  | 2,239 |  |  | 30 |  |  | 2 |  |  | 2,271 |
Criticized nonperforming |  | 10 |  |  | 18 |  |  | 0 |  |  | 21 |  |  | 81 |  |  | 218 |  |  | 348 |  |  | 0 |  |  | 0 |  |  | 348 |
Total commercial and multifamily real estate |  | 1,110 |  |  | 1,816 |  |  | 2,348 |  |  | 4,431 |  |  | 1,971 |  |  | 6,495 |  |  | 18,171 |  |  | 14,745 |  |  | 51 |  |  | 32,967 |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noncriticized |  | 3,018 |  |  | 5,358 |  |  | 5,142 |  |  | 8,986 |  |  | 4,417 |  |  | 7,898 |  |  | 34,819 |  |  | 16,717 |  |  | 116 |  |  | 51,652 |
Criticized performing |  | 5 |  |  | 168 |  |  | 340 |  |  | 362 |  |  | 623 |  |  | 510 |  |  | 2,008 |  |  | 921 |  |  | 4 |  |  | 2,933 |
Criticized nonperforming |  | 0 |  |  | 15 |  |  | 13 |  |  | 255 |  |  | 150 |  |  | 233 |  |  | 666 |  |  | 137 |  |  | 0 |  |  | 803 |
Total commercial and industrial |  | 3,023 |  |  | 5,541 |  |  | 5,495 |  |  | 9,603 |  |  | 5,190 |  |  | 8,641 |  |  | 37,493 |  |  | 17,775 |  |  | 120 |  |  | 55,388 |
Total commercial banking |  | $ | 4,133 |  |  | $ | 7,357 |  |  | $ | 7,843 |  |  | $ | 14,034 |  |  | $ | 7,161 |  |  | $ | 15,136 |  |  | $ | 55,664 |  |  | $ | 32,520 |  |  | $ | 171 |  |  | $ | 88,355 |
|  | December 31, 2024
|  | Term Loans by Vintage Year |  |  |  |  |  |
(Dollars in millions) |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Total Term Loans |  | Revolving Loans |  | Revolving Loans Converted to Term |  | Total
Internal risk rating:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noncriticized |  | $ | 1,820 |  |  | $ | 2,574 |  |  | $ | 3,846 |  |  | $ | 2,230 |  |  | $ | 903 |  |  | $ | 4,887 |  |  | $ | 16,260 |  |  | $ | 12,691 |  |  | $ | 49 |  |  | $ | 29,000 |
Criticized performing |  | 71 |  |  | 89 |  |  | 1,072 |  |  | 35 |  |  | 110 |  |  | 922 |  |  | 2,299 |  |  | 93 |  |  | 2 |  |  | 2,394 |
Criticized nonperforming |  | 23 |  |  | 0 |  |  | 46 |  |  | 103 |  |  | 86 |  |  | 249 |  |  | 507 |  |  | 2 |  |  | 0 |  |  | 509 |
Total commercial and multifamily real estate |  | 1,914 |  |  | 2,663 |  |  | 4,964 |  |  | 2,368 |  |  | 1,099 |  |  | 6,058 |  |  | 19,066 |  |  | 12,786 |  |  | 51 |  |  | 31,903 |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noncriticized |  | 5,694 |  |  | 6,092 |  |  | 9,952 |  |  | 5,009 |  |  | 2,730 |  |  | 6,239 |  |  | 35,716 |  |  | 15,449 |  |  | 266 |  |  | 51,431 |
Criticized performing |  | 101 |  |  | 190 |  |  | 680 |  |  | 932 |  |  | 92 |  |  | 258 |  |  | 2,253 |  |  | 887 |  |  | 0 |  |  | 3,140 |
Criticized nonperforming |  | 41 |  |  | 13 |  |  | 186 |  |  | 43 |  |  | 184 |  |  | 91 |  |  | 558 |  |  | 143 |  |  | 0 |  |  | 701 |
Total commercial and industrial |  | 5,836 |  |  | 6,295 |  |  | 10,818 |  |  | 5,984 |  |  | 3,006 |  |  | 6,588 |  |  | 38,527 |  |  | 16,479 |  |  | 266 |  |  | 55,272 |
Total commercial banking |  | $ | 7,750 |  |  | $ | 8,958 |  |  | $ | 15,782 |  |  | $ | 8,352 |  |  | $ | 4,105 |  |  | $ | 12,646 |  |  | $ | 57,593 |  |  | $ | 29,265 |  |  | $ | 317 |  |  | $ | 87,175 |
__________ (1)Criticized exposures correspond to the “Special Mention,” “Substandard” and “Doubtful” asset categories defined by bank regulatory authorities. Financial Difficulty Modifications to Borrowers As part of our loss mitigation efforts, we may provide short-term (one to twelve months) or long-term (greater than twelve months) modifications to a borrower experiencing financial difficulty to improve long-term collectibility of the loan and to avoid the need for repossession or foreclosure of collateral. We consider the impact of all loan modifications when estimating the credit quality of our loan portfolio and establishing allowance levels. For our Commercial Banking customers, loan modifications are also considered in the assignment of an internal risk rating. For additional information on financial difficulty modifications (“FDMs”), see “Part II—Item 8. Financial Statements and Supplementary Data—Note 1—Summary of Significant Accounting Policies” in our 2024 Form 10-K. The following tables present the major modification types, amortized cost amounts for each modification type and financial effects for all FDMs undertaken during the three and six months ended June 30, 2025 and 2024. For the three and six months ended June 30, 2025, the tables include amounts of FDMs from the acquired Discover portfolio, including loans which were modified prior to the Closing Date. Table 4.7: Financial Difficulty Modifications to Borrowers
|  | Three Months Ended June 30, 2025
|  | Credit Card |  | Consumer Banking |  | Commercial Banking |  |
(Dollars in millions) |  | Domestic Card(1) |  | Personal Loans |  | International Card Businesses |  | Total Credit Card |  | Auto |  | Retail Banking |  | Total Consumer Banking |  | Commercial and Multifamily Real Estate |  | Commercial and Industrial |  | Total Commercial Banking |  | Total
Interest rate reduction |  | $ | 1,023 |  | $ | — |  | $ | 58 |  |  | $ | 1,081 |  | $ | — |  | $ | — |  |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 1,081
Term extension |  | — |  |  | 10 |  |  | — |  |  | 10 |  |  | 41 |  |  | 1 |  |  | 42 |  |  | 262 |  |  | 164 |  |  | 426 |  |  | 478 |
Principal balance reduction |  | — |  |  | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |  |  | — |  |  | — |  |  | — |  |  | 9 |
Interest rate reduction and term extension |  | 4 |  |  | 18 |  |  | — |  |  | 22 |  |  | 263 |  |  | — |  |  | 263 |  |  | — |  |  | 50 |  |  | 50 |  |  | 335 |
Other(2) |  | — |  |  | 31 |  |  | — |  |  | 31 |  |  | 2 |  |  | — |  |  | 2 |  |  | 22 |  |  | 111 |  |  | 133 |  |  | 166 |
Total loans modified |  | $ | 1,027 |  | $ | 59 |  |  | $ | 58 |  |  | $ | 1,144 |  | $ | 315 |  | $ | 1 |  |  | $ | 316 |  |  | $ | 284 |  |  | $ | 325 |  |  | $ | 609 |  |  | $ | 2,069
% of total class of receivables |  | 0.41 | % |  | 0.60 | % |  | 0.78 | % |  | 0.42 | % |  | 0.39 | % |  | 0.08 | % |  | 0.39 | % |  | 0.86 | % |  | 0.59 | % |  | 0.69 | % |  | 0.47 | %
|  | Six Months Ended June 30, 2025
|  | Credit Card |  | Consumer Banking |  | Commercial Banking |  |
(Dollars in millions) |  | Domestic Card(1) |  | Personal Loans |  | International Card Businesses |  | Total Credit Card |  | Auto |  | Retail Banking |  | Total Consumer Banking |  | Commercial and Multifamily Real Estate |  | Commercial and Industrial |  | Total Commercial Banking |  | Total
Interest rate reduction |  | $ | 2,185 |  | $ | — |  | $ | 93 |  | $ | 2,278 |  | $ | — |  | $ | — |  | $ | — |  | $ | 3 |  |  | $ | 16 |  |  | $ | 19 |  |  | $ | 2,297
Term extension |  | — |  |  | 22 |  |  | — |  |  | 22 |  |  | 60 |  |  | 1 |  |  | 61 |  |  | 470 |  |  | 325 |  |  | 795 |  |  | 878 |
Principal balance reduction |  | — |  |  | — |  |  | — |  |  | — |  |  | 16 |  |  | — |  |  | 16 |  |  | — |  |  | — |  |  | — |  |  | 16 |
Interest rate reduction and term extension |  | 7 |  |  | 36 |  |  | — |  |  | 43 |  |  | 479 |  |  | — |  |  | 479 |  |  | — |  |  | 50 |  |  | 50 |  |  | 572 |
Other(2) |  | — |  |  | 63 |  |  | — |  |  | 63 |  |  | 2 |  |  | — |  |  | 2 |  |  | 54 |  |  | 194 |  |  | 248 |  |  | 313 |
Total loans modified |  | $ | 2,192 |  | $ | 121 |  |  | $ | 93 |  |  | $ | 2,406 |  | $ | 557 |  | $ | 1 |  |  | $ | 558 |  |  | $ | 527 |  |  | $ | 585 |  |  | $ | 1,112 |  |  | $ | 4,076
% of total class of receivables |  | 0.87 | % |  | 1.24 | % |  | 1.24 | % |  | 0.89 | % |  | 0.70 | % |  | 0.08 | % |  | 0.69 | % |  | 1.60 | % |  | 1.06 | % |  | 1.26 | % |  | 0.93 | %
|  | Three Months Ended June 30, 2024
|  | Credit Card |  | Consumer Banking |  | Commercial Banking |  |
(Dollars in millions) |  | Domestic Card |  | Personal Loans |  | International Card Businesses |  | Total Credit Card |  | Auto |  | Retail Banking |  | Total Consumer Banking |  | Commercial and Multifamily Real Estate |  | Commercial and Industrial |  | Total Commercial Banking |  | Total
Interest rate reduction |  | $ | 178 |  |  | N/A |  | $ | 57 |  |  | $ | 235 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 235 |
Term extension |  | — |  |  | N/A |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |  |  | 214 |  |  | 188 |  |  | 402 |  |  | 407 |
Principal balance reduction |  | — |  |  | N/A |  | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |  |  | — |  |  | 15 |  |  | 15 |  |  | 23 |
Interest rate reduction and term extension |  | 5 |  |  | N/A |  | — |  |  | 5 |  |  | 195 |  |  | — |  |  | 195 |  |  | — |  |  | 6 |  |  | 6 |  |  | 206 |
Other(2) |  | — |  |  | N/A |  | — |  |  | — |  |  | 2 |  |  | 1 |  |  | 3 |  |  | 53 |  |  | 115 |  |  | 168 |  |  | 171 |
Total loans modified |  | $ | 183 |  |  | N/A |  | $ | 57 |  |  | $ | 240 |  |  | $ | 210 |  |  | $ | 1 |  |  | $ | 211 |  |  | $ | 267 |  |  | $ | 324 |  |  | $ | 591 |  |  | $ | 1,042 |
% of total class of receivables |  | 0.12 | % |  | N/A |  | 0.83 | % |  | 0.16 | % |  | 0.28 | % |  | 0.08 | % |  | 0.28 | % |  | 0.81 | % |  | 0.58 | % |  | 0.67 | % |  | 0.33 | %
|  | Six Months Ended June 30, 2024
|  | Credit Card |  | Consumer Banking |  | Commercial Banking |  |
(Dollars in millions) |  | Domestic Card |  | Personal Loans |  | International Card Businesses |  | Total Credit Card |  | Auto |  | Retail Banking |  | Total Consumer Banking |  | Commercial and Multifamily Real Estate |  | Commercial and Industrial |  | Total Commercial Banking |  | Total
Interest rate reduction |  | $ | 361 |  |  | N/A |  | $ | 86 |  |  | $ | 447 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 447 |
Term extension |  | — |  |  | N/A |  | — |  |  | — |  |  | 10 |  |  | 2 |  |  | 12 |  |  | 373 |  |  | 327 |  |  | 700 |  |  | 712 |
Principal balance reduction |  | — |  |  | N/A |  | — |  |  | — |  |  | 14 |  |  | — |  |  | 14 |  |  | — |  |  | 16 |  |  | 16 |  |  | 30 |
Interest rate reduction and term extension |  | 8 |  |  | N/A |  | — |  |  | 8 |  |  | 410 |  |  | — |  |  | 410 |  |  | 26 |  |  | 6 |  |  | 32 |  |  | 450 |
Other(2) |  | — |  |  | N/A |  | — |  |  | — |  |  | 2 |  |  | 1 |  |  | 3 |  |  | 142 |  |  | 115 |  |  | 257 |  |  | 260 |
Total loans modified |  | $ | 369 |  |  | N/A |  | $ | 86 |  |  | $ | 455 |  |  | $ | 436 |  |  | $ | 3 |  |  | $ | 439 |  |  | $ | 541 |  |  | $ | 464 |  |  | $ | 1,005 |  |  | $ | 1,899 |
% of total class of receivables |  | 0.25 | % |  | N/A |  | 1.26 | % |  | 0.30 | % |  | 0.59 | % |  | 0.21 | % |  | 0.58 | % |  | 1.65 | % |  | 0.83 | % |  | 1.14 | % |  | 0.60 | %
__________ (1)Includes $432 million and $1.4 billion of FDMs as of June 30, 2025 that were modified prior to the Closing Date in the second quarter and first six months of 2025, respectively. (2)Primarily consists of modifications or combinations of modifications not categorized above, such as payment delays, increases in committed exposure, forbearances and other types of modifications in Commercial Banking. Table 4.8: Financial Effects of Financial Difficulty Modifications to Borrowers
|  | Three Months Ended June 30, 2025
|  | Credit Card |  | Consumer Banking |  | Commercial Banking |  |
(Dollars in millions) |  | Domestic Card |  | Personal Loans |  | International Card Businesses |  |  |  | Auto |  | Retail Banking |  |  |  | Commercial and Multifamily Real Estate |  | Commercial and Industrial |  |  |  |
Weighted-average interest rate reduction |  | 15.31% |  | 14.15% |  | 26.19% |  |  |  | 9.23% |  | 0.50% |  |  |  | —% |  | 1.93% |  |  |  |
Payment delay duration (in months) |  | 12 |  | 34 |  | 0 |  |  |  | 6 |  | 33 |  |  |  | 3 |  | 11 |  |  |  |
Principal balance reduction |  | $73 |  | — |  | — |  |  |  | — |  | — |  |  |  | — |  | — |  |  |  |
Interest and fees forgiven |  | $63 |  | — |  | — |  |  |  | — |  | — |  |  |  | — |  | — |  |  |  |
|  | Six Months Ended June 30, 2025
|  | Credit Card |  | Consumer Banking |  |  |  | Commercial Banking |  |
(Dollars in millions) |  | Domestic Card |  | Personal Loans |  | International Card Businesses |  |  |  | Auto |  | Retail Banking |  |  |  | Commercial and Multifamily Real Estate |  | Commercial and Industrial |  |  |  |
Weighted-average interest rate reduction |  | 14.89% |  | 13.95% |  | 25.75% |  |  |  | 9.13% |  | 0.50% |  |  |  | 0.85% |  | 1.69% |  |  |  |
Payment delay duration (in months) |  | 12 |  | 37 |  | 0 |  |  |  | 6 |  | 14 |  |  |  | 7 |  | 14 |  |  |  |
Principal balance reduction |  | $145 |  | — |  | — |  |  |  | — |  | — |  |  |  | — |  | — |  |  |  |
Interest and fees forgiven |  | $133 |  | — |  | — |  |  |  | — |  | — |  |  |  | — |  | — |  |  |  |
|  | Three Months Ended June 30, 2024
|  | Credit Card |  |  |  | Consumer Banking |  |  |  | Commercial Banking |  |
(Dollars in millions) |  | Domestic Card |  | Personal Loans |  | International Card Businesses |  |  |  | Auto |  | Retail Banking |  |  |  | Commercial and Multifamily Real Estate |  | Commercial and Industrial |  |  |  |
Weighted-average interest rate reduction |  | 20.13% |  | N/A |  | 27.08% |  |  |  | 8.89% |  | 3.48% |  |  |  | —% |  | 1.50% |  |  |  |
Payment delay duration (in months) |  | 12 |  | N/A |  | 0 |  |  |  | 6 |  | 36 |  |  |  | 9 |  | 15 |  |  |  |
Principal balance reduction |  | — |  | N/A |  | — |  |  |  | — |  | — |  |  |  | — |  | $1 |  |  |  |
Interest and fees forgiven |  | — |  | N/A |  | — |  |  |  | — |  | — |  |  |  | — |  | — |  |  |  |
|  | Six Months Ended June 30, 2024
|  | Credit Card |  |  |  | Consumer Banking |  |  |  | Commercial Banking |  |
(Dollars in millions) |  | Domestic Card |  | Personal Loans |  | International Card Businesses |  |  |  | Auto |  | Retail Banking |  |  |  | Commercial and Multifamily Real Estate |  | Commercial and Industrial |  |  |  |
Weighted-average interest rate reduction |  | 20.06% |  | N/A |  | 26.62% |  |  |  | 8.75% |  | 3.48% |  |  |  | 0.79% |  | 1.50% |  |  |  |
Payment delay duration (in months) |  | 12 |  | N/A |  | 0 |  |  |  | 6 |  | 11 |  |  |  | 7 |  | 14 |  |  |  |
Principal balance reduction |  | — |  | N/A |  | — |  |  |  | — |  | — |  |  |  | — |  | $15 |  |  |  |
Interest and fees forgiven |  | — |  | N/A |  | — |  |  |  | — |  | — |  |  |  | — |  | — |  |  |  |
Performance of Financial Difficulty Modifications to Borrowers We monitor loan performance trends, including FDMs, to assess and manage our exposure to credit risk. See “Part II—Item 8. Financial Statements and Supplementary Data—Note 1—Summary of Significant Accounting Policies” in our 2024 Form 10-K for additional information on how the allowance for modified loans is calculated for each portfolio segment. FDMs are accumulated and the performance of each loan that received an FDM is reported on a rolling twelve month basis. The following tables present FDMs over a rolling 12 month period by delinquency status as of June 30, 2025 and 2024. For the 12 month period ended June 30, 2025, the table includes amounts of FDMs from the acquired Discover portfolio, including loans which were modified prior to the Closing Date. Table 4.9 Delinquency Status of Financial Difficulty Modifications to Borrowers(1)
|  | June 30, 2025
|  |  |  | Delinquent Loans |  |
(Dollars in millions) |  | Current |  | 30-59 Days |  | 60-89 Days |  | > 90 Days |  | Total Delinquent Loans |  | Total Loans
Credit Card: |  |  |  |  |  |  |  |  |  |  |  |
Domestic credit card(2) |  | $ | 3,423 |  |  | $ | 200 |  |  | $ | 141 |  |  | $ | 297 |  |  | $ | 638 |  |  | $ | 4,061 |
Personal loans |  | 171 |  |  | 20 |  |  | 12 |  |  | 5 |  |  | 37 |  |  | 208 |
International card businesses |  | 77 |  |  | 12 |  |  | 10 |  |  | 36 |  |  | 58 |  |  | 135 |
Total credit card |  | 3,671 |  |  | 232 |  |  | 163 |  |  | 338 |  |  | 733 |  |  | 4,404 |
Consumer Banking: |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | 646 |  |  | 104 |  |  | 63 |  |  | 21 |  |  | 188 |  |  | 834 |
Retail banking |  | 2 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 2 |
Total consumer banking |  | 648 |  |  | 104 |  |  | 63 |  |  | 21 |  |  | 188 |  |  | 836 |
Commercial Banking: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily real estate |  | 748 |  |  | 21 |  |  | 0 |  |  | 0 |  |  | 21 |  |  | 769 |
Commercial and industrial |  | 917 |  |  | 0 |  |  | 9 |  |  | 48 |  |  | 57 |  |  | 974 |
Total commercial banking |  | 1,665 |  |  | 21 |  |  | 9 |  |  | 48 |  |  | 78 |  |  | 1,743 |
Total |  | $ | 5,984 |  |  | $ | 357 |  |  | $ | 235 |  |  | $ | 407 |  |  | $ | 999 |  |  | $ | 6,983 |
|  | June 30, 2024
|  |  |  | Delinquent Loans |  |
(Dollars in millions) |  | Current |  | 30-59 Days |  | 60-89 Days |  | > 90 Days |  | Total Delinquent Loans |  | Total Loans
Credit Card: |  |  |  |  |  |  |  |  |  |  |  |
Domestic credit card |  | $ | 438 |  |  | $ | 61 |  |  | $ | 45 |  |  | $ | 102 |  |  | $ | 208 |  |  | $ | 646 |
Personal loans |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A
International card businesses |  | 61 |  |  | 11 |  |  | 11 |  |  | 34 |  |  | 56 |  |  | 117 |
Total credit card |  | 499 |  |  | 72 |  |  | 56 |  |  | 136 |  |  | 264 |  |  | 763 |
Consumer Banking: |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | 564 |  |  | 105 |  |  | 68 |  |  | 24 |  |  | 197 |  |  | 761 |
Retail banking |  | 8 |  |  | 0 |  |  | 0 |  |  | 1 |  |  | 1 |  |  | 9 |
Total consumer banking |  | 572 |  |  | 105 |  |  | 68 |  |  | 25 |  |  | 198 |  |  | 770 |
Commercial Banking: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily real estate |  | 622 |  |  | 19 |  |  | 0 |  |  | 0 |  |  | 19 |  |  | 641 |
Commercial and industrial |  | 863 |  |  | 7 |  |  | 0 |  |  | 72 |  |  | 79 |  |  | 942 |
Total commercial banking |  | 1,485 |  |  | 26 |  |  | 0 |  |  | 72 |  |  | 98 |  |  | 1,583 |
Total |  | $ | 2,556 |  |  | $ | 203 |  |  | $ | 124 |  |  | $ | 233 |  |  | $ | 560 |  |  | $ | 3,116 |
__________ (1)Commitments to lend additional funds on FDMs totaled $197 million and $193 million as of June 30, 2025 and 2024, respectively. (2)Includes $3.1 billion of FDMs as of June 30, 2025 that were modified prior to the Closing Date in the second quarter of 2025. Subsequent Defaults of Financial Difficulty Modifications to Borrowers FDMs may subsequently enter default. A default occurs if a FDM is either 90 days or more delinquent, has been charged off, or has been reclassified from accrual to nonaccrual status. Loans that entered a modification program while in default are not considered to have subsequently defaulted for purposes of this disclosure. The allowance for any FDMs that have subsequently defaulted is measured using the same methodology as the allowance for loans held for investment. See “Part II—Item 8. Financial Statements and Supplementary Data—Note 1—Summary of Significant Accounting Policies” in our 2024 Form 10-K for additional information. The following table presents FDMs that entered subsequent default for the three and six months ended June 30, 2025 and 2024. For the three and six months ended June 30, 2025, the tables include amounts of FDMs from the acquired Discover portfolio, including loans which were modified or entered subsequent default prior to the Closing Date. Table 4.10 Subsequent Defaults of Financial Difficulty Modifications to Borrowers
|  | Three Months Ended June 30, 2025
(Dollars in millions) |  | Interest Rate Reduction |  | Term Extension |  |  |  | Interest Rate Reduction and Term Extension |  | Other Modifications |  | Total Loans
Credit Card: |  |  |  |  |  |  |  |  |  |  |  |
Domestic credit card |  | $ | 190 |  |  | $ | 0 |  |  |  |  | $ | 1 |  |  | $ | 0 |  |  | $ | 191 |
Personal loans |  | 0 |  |  | 1 |  |  |  |  | 3 |  |  | 6 |  |  | 10 |
International card businesses |  | 23 |  |  | 0 |  |  |  |  | 0 |  |  | 0 |  |  | 23 |
Total credit card |  | 213 |  |  | 1 |  |  |  |  | 4 |  |  | 6 |  |  | 224 |
Consumer Banking: |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | 0 |  |  | 2 |  |  |  |  | 86 |  |  | 0 |  |  | 88 |
Retail banking |  | 0 |  |  | 0 |  |  |  |  | 0 |  |  | 0 |  |  | 0 |
Total consumer banking |  | 0 |  |  | 2 |  |  |  |  | 86 |  |  | 0 |  |  | 88 |
Commercial Banking: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily real estate |  | 0 |  |  | 0 |  |  |  |  | 0 |  |  | 2 |  |  | 2 |
Commercial and industrial |  | 0 |  |  | 20 |  |  |  |  | 0 |  |  | 3 |  |  | 23 |
Total commercial banking |  | 0 |  |  | 20 |  |  |  |  | 0 |  |  | 5 |  |  | 25 |
Total |  | $ | 213 |  |  | $ | 23 |  |  |  |  | $ | 90 |  |  | $ | 11 |  |  | $ | 337 |
|  | Six Months Ended June 30, 2025
(Dollars in millions) |  | Interest Rate Reduction |  | Term Extension |  |  |  | Interest Rate Reduction and Term Extension |  | Other Modifications |  | Total Loans
Credit Card: |  |  |  |  |  |  |  |  |  |  |  |
Domestic credit card |  | $ | 406 |  |  | $ | 0 |  |  |  |  | $ | 2 |  |  | $ | 0 |  |  | $ | 408 |
Personal loans |  | 0 |  |  | 2 |  |  |  |  | 7 |  |  | 14 |  |  | 23 |
International card businesses |  | 45 |  |  | 0 |  |  |  |  | 0 |  |  | 0 |  |  | 45 |
Total credit card |  | 451 |  |  | 2 |  |  |  |  | 9 |  |  | 14 |  |  | 476 |
Consumer Banking: |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | 0 |  |  | 3 |  |  |  |  | 171 |  |  | 0 |  |  | 174 |
Total consumer banking |  | 0 |  |  | 3 |  |  |  |  | 171 |  |  | 0 |  |  | 174 |
Commercial Banking: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily real estate |  | 0 |  |  | 0 |  |  |  |  | 0 |  |  | 7 |  |  | 7 |
Commercial and industrial |  | 0 |  |  | 20 |  |  |  |  | 0 |  |  | 2 |  |  | 22 |
Total commercial banking |  | 0 |  |  | 20 |  |  |  |  | 0 |  |  | 9 |  |  | 29 |
Total |  | $ | 451 |  |  | $ | 25 |  |  |  |  | $ | 180 |  |  | $ | 23 |  |  | $ | 679 |
|  | Three Months Ended June 30, 2024
(Dollars in millions) |  | Interest Rate Reduction |  | Term Extension |  |  |  | Interest Rate Reduction and Term Extension |  | Other modifications |  | Total Loans
Credit Card: |  |  |  |  |  |  |  |  |  |  |  |
Domestic credit card |  | $ | 53 |  |  | $ | 0 |  |  |  |  | $ | 1 |  |  | $ | 0 |  |  | $ | 54 |
Personal loans |  | N/A |  | N/A |  |  |  | N/A |  | N/A |  | N/A
International card businesses |  | 18 |  |  | 0 |  |  |  |  | 0 |  |  | 0 |  |  | 18 |
Total credit card |  | 71 |  |  | 0 |  |  |  |  | 1 |  |  | 0 |  |  | 72 |
Consumer Banking: |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | 0 |  |  | 2 |  |  |  |  | 116 |  |  | 0 |  |  | 118 |
Retail banking |  | 0 |  |  | 1 |  |  |  |  | 0 |  |  | 0 |  |  | 1 |
Total consumer banking |  | 0 |  |  | 3 |  |  |  |  | 116 |  |  | 0 |  |  | 119 |
Commercial Banking: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily real estate |  | 0 |  |  | 0 |  |  |  |  | 0 |  |  | 0 |  |  | 0 |
Commercial and industrial |  | 0 |  |  | 58 |  |  |  |  | 0 |  |  | 255 |  |  | 313 |
Total commercial banking |  | 0 |  |  | 58 |  |  |  |  | 0 |  |  | 255 |  |  | 313 |
Total |  | $ | 71 |  |  | $ | 61 |  |  |  |  | $ | 117 |  |  | $ | 255 |  |  | $ | 504 |
|  | Six Months Ended June 30, 2024
(Dollars in millions) |  | Interest Rate Reduction |  | Term Extension |  |  |  | Interest Rate Reduction and Term Extension |  | Other modifications |  | Total Loans
Credit Card: |  |  |  |  |  |  |  |  |  |  |  |
Domestic credit card |  | $ | 127 |  |  | $ | 0 |  |  |  |  | $ | 2 |  |  | $ | 0 |  |  | $ | 129 |
Personal loans |  | N/A |  | N/A |  |  |  | N/A |  | N/A |  | N/A
International card businesses |  | 35 |  |  | 0 |  |  |  |  | 0 |  |  | 0 |  |  | 35 |
Total credit card |  | 162 |  |  | 0 |  |  |  |  | 2 |  |  | 0 |  |  | 164 |
Consumer Banking: |  |  |  |  |  |  |  |  |  |  |  |
Auto |  | 0 |  |  | 5 |  |  |  |  | 219 |  |  | 0 |  |  | 224 |
Retail banking |  | 0 |  |  | 1 |  |  |  |  | 0 |  |  | 0 |  |  | 1 |
Total consumer banking |  | 0 |  |  | 6 |  |  |  |  | 219 |  |  | 0 |  |  | 225 |
Commercial Banking: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily real estate |  | 0 |  |  | 0 |  |  |  |  | 0 |  |  | 0 |  |  | 0 |
Commercial and industrial |  | 0 |  |  | 125 |  |  |  |  | 0 |  |  | 255 |  |  | 380 |
Total commercial banking |  | 0 |  |  | 125 |  |  |  |  | 0 |  |  | 255 |  |  | 380 |
Total |  | $ | 162 |  |  | $ | 131 |  |  |  |  | $ | 221 |  |  | $ | 255 |  |  | $ | 769 |
Loans Pledged We pledged loan collateral of $6.5 billion and $6.7 billion to secure a portion of our FHLB borrowing capacity of $34.1 billion and $35.1 billion as of June 30, 2025 and December 31, 2024, respectively. We also pledged loan collateral of $81.7 billion and $80.2 billion to secure our Federal Reserve Discount Window borrowing capacity of $47.1 billion and $46.7 billion as of June 30, 2025 and December 31, 2024, respectively. In addition to loans pledged, we have securitized a portion of our credit card and auto loan portfolios. See “Note 6—Variable Interest Entities and Securitizations” for additional information. Revolving Loans Converted to Term Loans For the three and six months ended June 30, 2025, we converted $263 million and $404 million of revolving loans to term loans, respectively, primarily in our domestic credit card and commercial banking loan portfolios. For the three and six months ended June 30, 2024, we converted $205 million and $321 million of revolving loans to term loans, respectively, primarily in our domestic credit card and commercial banking loan portfolios.

X
- Definition The entire disclosure for claims held for amounts due a company, excluding disclosure for allowance for credit losses. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Also excludes disclosure for financing receivables. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent + Details
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