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Commitments and Contingencies (Tables) | 6 Months Ended
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Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract] |
Tax Credit and Equity Investments | The following table summarizes certain tax credit and equity investments:
(Dollars in millions) | Balance Sheet Location | Jun 30, 2026 |  | Dec 31, 2025
Investments in affordable housing projects, other qualified tax credits and other community development investments: |  |  |  |
Carrying amount | Other assets | $ | 8,655 |  |  | $ | 8,049 |
Amount of future funding commitments included in carrying amount | Other liabilities | 2,449 |  |  | 2,531 |
Lending exposure | Loans and leases for funded amounts | 2,203 |  |  | 2,341 |
Renewable energy investments: |  |  |  |
Carrying amount | Other assets | 895 |  |  | 736 |
Amount of future funding commitments not included in carrying amount | NA | 1,071 |  |  | 719 |
SBIC and certain other equity method investments: |  |  |  |
Carrying amount | Other assets | 1,173 |  |  | 1,015 |
Amount of future funding commitments not included in carrying amount | NA | 615 |  |  | 626 |
Tax Credits and Amortization, Tax Credit Investment Activity | The following table presents a summary of tax credits and amortization expense associated with the Company’s tax credit investment activity.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(Dollars in millions) | Income Statement Location | 2026 |  | 2025 |  | 2026 |  | 2025 |  |
Tax credits: |  |  |  |  |  |  |  |  |  |
Investments in affordable housing projects, other qualified tax credits, and other community development investments(1) | Provision for income taxes | $ | 232 |  |  | $ | 209 |  |  | $ | 457 |  |  | $ | 420 |  |  |
Amortization and other changes in carrying amount: |  |  |  |  |  |  |  |  |  |
Investments in affordable housing projects and other qualified tax credits | Provision for income taxes | $ | 202 |  |  | $ | 186 |  |  | $ | 402 |  |  | $ | 374 |  |  |
Other community development investments | Other noninterest income | 2 |  |  | 3 |  |  | 4 |  |  | 5 |  |  |
(1)Excludes renewable energy investment tax credits. These credits are recorded as a reduction to the carrying value of the underlying investments.
Notional Amounts of Off-Balance Sheet Financial Instruments | The following is a summary of selected notional amounts of off-balance sheet financial instruments:
(Dollars in millions) | Jun 30, 2026 | Dec 31, 2025
Commitments to extend, originate, or purchase credit and other commitments | $ | 234,101 |  |  | $ | 230,007 |
Residential mortgage loans sold with recourse | 137 |  |  | 138 |
Maximum recourse exposure from mortgage loans sold with recourse liability | 93 |  |  | 91 |
Indemnification, recourse, and repurchase reserves | 18 |  |  | 18 |
CRE mortgages serviced for others covered by recourse provisions | 9,217 |  |  | 9,421 |
Maximum recourse exposure | 2,782 |  |  | 2,786 |
Recorded reserves related to CRE mortgages recourse exposure | 10 |  |  | 10 |
Other loans serviced for others covered by recourse provisions | 3,028 |  |  | 2,803 |
Maximum recourse exposure | 76 |  |  | 80 |
Letters of credit and financial guarantees | 9,864 |  |  | 9,347 |
TRS Transactions with The Associated VIE Reference Assets | The following table provides a summary of the TRS transactions with the associated VIE reference assets, which include trading loans and bonds:
(Dollars in millions) |  | Jun 30, 2026 |  | Dec 31, 2025
Total return swaps: |  |  |  |
VIE assets |  | $ | 1,951 |  |  | $ | 2,117 |
Trading loans and bonds |  | 1,763 |  |  | 1,909 |
VIE liabilities |  | 179 |  |  | 285 |
Total Carrying Amount of Pledged Assets by Asset Type | The following table provides the total carrying amount of pledged assets by asset type:
(Dollars in millions) |  | Jun 30, 2026 |  | Dec 31, 2025
Pledged securities |  | $ | 39,128 |  |  | $ | 40,144 |
Pledged loans: |  |  |  |
Federal Reserve |  | 105,490 |  |  | 108,214 |
FHLB |  | 76,596 |  |  | 74,767 |
Unused borrowing capacity: |  |  |  |
Federal Reserve |  | 81,004 |  |  | 84,160 |
FHLB |  | 27,491 |  |  | 23,464 |

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