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Allowance for Credit Losses
 3 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Allowance for Credit Losses LLOWANCE FOR CREDIT LOSSES
Regions determines the appropriate level of the allowance on a quarterly basis. Refer to Note 1 "Basis of Presentation" in the Annual Report on Form 10-K for the year ended December 31, 2022, for a description of the methodology prior to the adoption of modifications to troubled borrowers accounting on January 1, 2023.
ROLLFORWARD OF ALLOWANCE FOR CREDIT LOSSES
The following tables present analyses of the allowance for credit losses by portfolio segment for the years ended March 31, 2023, and 2022.
 Three Months Ended March 31, 2023
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, December 31, 2022$665 $121 $678 $1,464 
Cumulative change in accounting guidance(1)
(3)(3)(32)(38)
Allowance for loan losses, January 1, 2023 (adjusted for change in accounting guidance)662 118 646 1,426 
Provision for (benefit from) loan losses70 8 51 129 
Loan losses:
Charge-offs(49)— (56)(105)
Recoveries10 — 12 22 
Net loan (losses) recoveries(39)— (44)(83)
Allowance for loan losses, March 31, 2023693 126 653 1,472 
Reserve for unfunded credit commitments, January 1, 202372 21 25 118 
Provision for (benefit from) unfunded credit losses5 6 (5)6 
Reserve for unfunded credit commitments, March 31, 202377 27 20 124 
Allowance for credit losses, March 31, 2023$770 $153 $673 $1,596 
_____
(1) See Note 1 for additional information.
 Three Months Ended March 31, 2022
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, January 1, 2022$682 $79 $718 $1,479 
Provision for (benefit from) loan losses(49)(4)36 (17)
Loan losses:
Charge-offs(26)— (51)(77)
Recoveries13 — 18 31 
Net loan (losses) recoveries(13)— (33)(46)
Allowance for loan losses, March 31, 2022620 75 721 1,416 
Reserve for unfunded credit commitments, January 1, 202258 8 29 95 
Provision for (benefit from) unfunded credit losses(6)— (13)(19)
Reserve for unfunded credit commitments, March 31, 202252 8 16 76 
Allowance for credit losses, March 31, 2022$672 $83 $737 $1,492 
PORTFOLIO SEGMENT RISK FACTORS
Regions' portfolio segments are commercial, investor real estate, and consumer. Classes within each segment present unique credit risks. Refer to Note 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2022 for information regarding Regions' portfolio segments and related classes, as well as the risks specific to each.
CREDIT QUALITY INDICATORS
The commercial and investor real estate portfolio segments' primary credit quality indicator is internal risk ratings which are detailed by categories related to underlying credit quality and probability of default. Regions assigns these risk ratings at loan origination and reviews the relationship utilizing a risk-based approach on, at minimum, an annual basis or at any time management becomes aware of information affecting the borrowers' ability to fulfill their obligations. Both quantitative and qualitative factors are considered in this review process. Regions' ratings are aligned to federal banking regulators' definitions and are utilized to develop the associated allowance. Refer to Note 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2022 for information regarding commercial risk ratings.
Regions' consumer portfolio segment has various classes that present unique credit risks. Regions considers factors such as periodic updates of FICO scores, accrual status, days past due status, unemployment rates, home prices, and geography as credit quality indicators for the consumer loan portfolio. FICO scores are obtained at origination as part of Regions' formal underwriting process. Refreshed FICO scores are obtained by the Company quarterly for all consumer loans, including residential first mortgage loans. Current FICO data is not available for certain loans in the portfolio for various reasons; for example, if customers do not use sufficient credit, an updated score may not be available. These categories are utilized to develop the associated allowance for credit losses. The higher the FICO score the less probability of default and vice versa.
The following tables present applicable credit quality indicators for the loan portfolio segments and classes, excluding loans held for sale, by vintage year as of March 31, 2023 and December 31, 2022. Gross charge-offs are also presented by vintage year for the three months ended March 31, 2023 as a result of the prospective adoption of new accounting guidance. See Note 1 and Note 12 for additional information. Classes in the commercial and investor real estate portfolio segments are disclosed by risk rating. Classes in the consumer portfolio segment are disclosed by current FICO scores. Refer to Note 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2022 for more information regarding Regions' credit quality indicators.
March 31, 2023
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20232022202120202019Prior
(In millions)
Commercial and industrial:
   Risk Rating:
   Pass$2,594 $11,308 $6,487 $2,975 $2,014 $3,937 $19,852 $— $344 $49,511 
   Special Mention6 153 96 61 16 10 375 — — 717 
   Substandard Accrual229 179 93 44 77 33 543 — — 1,198 
   Non-accrual14 115 44 10 8 34 160 — — 385 
Total commercial and industrial$2,843 $11,755 $6,720 $3,090 $2,115 $4,014 $20,930 $— $344 $51,811 
Gross charge-offs$— $13 $21 $3 $5 $5 $2 $— $— $49 
Commercial real estate mortgage—owner-occupied:
   Risk Rating:
   Pass$188 $969 $1,090 $831 $453 $1,064 $88 $— $(4)$4,679 
   Special Mention3 11 43 12 34 17 2 — — 122 
   Substandard Accrual4 15 18 46 6 12 2 — — 103 
   Non-accrual1 3 8 7 1 14 — — — 34 
Total commercial real estate mortgage—owner-occupied:$196 $998 $1,159 $896 $494 $1,107 $92 $— $(4)$4,938 
Gross charge-offs$— $— $— $— $— $— $— $— $— $— 
Commercial real estate construction—owner-occupied:
   Risk Rating:
   Pass$7 $127 $63 $23 $14 $47 $10 $— $— $291 
   Special Mention— 2 — — — 2 — — — 4 
   Substandard Accrual— 2 — 2 — 1 — — — 5 
   Non-accrual— 1 — 1 — 4 — — — 6 
Total commercial real estate construction—owner-occupied:$7 $132 $63 $26 $14 $54 $10 $— $— $306 
Gross charge-offs$— $— $— $— $— $— $— $— $— $— 
Total commercial$3,046 $12,885 $7,942 $4,012 $2,623 $5,175 $21,032 $— $340 $57,055 
Gross commercial charge-offs$— $13 $21 $3 $5 $5 $2 $— $— $49 
Commercial investor real estate mortgage:
   Risk Rating:
   Pass$313 $2,029 $1,229 $680 $418 $255 $479 $— $(6)$5,397 
   Special Mention35 278 125 19 61 25 34 — — 577 
   Substandard Accrual38 107 — 56 81 69 — — — 351 
   Non-accrual50 — — — 17 — — — — 67 
Total commercial investor real estate mortgage$436 $2,414 $1,354 $755 $577 $349 $513 $— $(6)$6,392 
Gross charge-offs$— $— $— $— $— $— $— $— $— $— 
Commercial investor real estate construction:
   Risk Rating:
   Pass$50 $557 $444 $96 $51 $1 $700 $— $(15)$1,884 
   Special Mention— 80 55 — — — 1 — — 136 
   Substandard Accrual— 2 — 18 — — — — — 20 
   Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$50 $639 $499 $114 $51 $1 $701 $— $(15)$2,040 
Gross charge-offs$— $— $— $— $— $— $— $— $— $— 
Total investor real estate$486 $3,053 $1,853 $869 $628 $350 $1,214 $— $(21)$8,432 
Gross investor real estate charge-offs$— $— $— $— $— $— $— $— $— $— 
March 31, 2023
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20232022202120202019Prior
(In millions)
Residential first mortgage:
FICO scores
   Above 720$398 $2,625 $4,482 $4,693 $878 $2,671 $— $— $— $15,747 
   681-72062 308 391 285 77 319 — — — 1,442 
   620-68029 178 184 119 53 308 — — — 871 
   Below 6201 52 95 81 52 410 — — — 691 
   Data not available4 28 55 48 14 102 3 — 167 421 
Total residential first mortgage$494 $3,191 $5,207 $5,226 $1,074 $3,810 $3 $— $167 $19,172 
Gross charge-offs$— $— $— $— $— $— $— $— $— $— 
Home equity lines:
FICO scores
   Above 720$— $— $— $— $— $— $2,486 $47 $— $2,533 
   681-720— — — — — — 373 11 — 384 
   620-680— — — — — — 215 9 — 224 
   Below 620— — — — — — 99 9 — 108 
   Data not available— — — — — — 112 5 31 148 
Total home equity lines$— $— $— $— $— $— $3,285 $81 $31 $3,397 
Gross charge-offs$— $— $— $— $— $— $1 $— $— $1 
Home equity loans
FICO scores
   Above 720$41 $425 $445 $236 $110 $640 $— $— $— $1,897 
   681-7209 72 60 27 17 78 — — — 263 
   620-6804 28 28 11 11 61 — — — 143 
   Below 620— 6 9 4 6 45 — — — 70 
   Data not available20 1 4 3 3 26 — — 16 73 
Total home equity loans$74 $532 $546 $281 $147 $850 $— $— $16 $2,446 
Gross charge-offs$— $— $— $— $— $— $— $— $— $— 
Consumer credit card:
FICO scores
Above 720$— $— $— $— $— $— $675 $— $— $675 
681-720— — — — — — 240 — — 240 
620-680— — — — — — 204 — — 204 
Below 620— — — — — — 87 — — 87 
Data not available— — — — — — 13 — — 13 
Total consumer credit card$— $— $— $— $— $— $1,219 $— $— $1,219 
Gross charge-offs$— $— $— $— $— $— $12 $— $— $12 
Other consumer—exit portfolios:
FICO scores
   Above 720$— $— $— $— $91 $224 $— $— $— $315 
   681-720— — — — 27 53 — — — 80 
   620-680— — — — 16 40 — — — 56 
   Below 620— — — — 7 23 — — — 30 
   Data not available— — — — 1 5 — — 1 7 
Total Other consumer- exit portfolios$— $— $— $— $142 $345 $— $— $1 $488 
Gross charge-offs$— $— $— $— $2 $3 $— $— $— $5 
March 31, 2023
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20232022202120202019Prior
(In millions)
Other consumer(2):
FICO scores
   Above 720$403 $1,842 $610 $349 $196 $160 $112 $— $— $3,672 
   681-72042 515 184 98 45 39 65 — — 988 
   620-68020 387 144 68 31 29 56 — — 735 
   Below 6205 132 72 37 19 19 24 — — 308 
   Data not available76 25 6 5 126 74 2 — (169)145 
Total other consumer$546 $2,901 $1,016 $557 $417 $321 $259 $— $(169)$5,848 
Gross charge-offs$4 $17 $8 $4 $2 $3 $— $— $— $38 
Total consumer loans$1,114 $6,624 $6,769 $6,064 $1,780 $5,326 $4,766 $81 $46 $32,570 
Gross consumer charge-offs$4 $17 $8 $4 $4 $6 $13 $— $— $56 
Total Loans$4,646 $22,562 $16,564 $10,945 $5,031 $10,851 $27,012 $81 $365 $98,057 
Total Gross charge-offs$4 $30 $29 $7 $9 $11 $15 $— $— $105 
December 31, 2022
Term LoansRevolving LoansRevolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20222021202020192018Prior
(In millions)
Commercial and industrial:
Risk Rating:
Pass$11,948 $7,167 $3,277 $2,297 $1,026 $3,283 $19,599 $— $313 $48,910 
Special Mention85 120 70 30 32 1 282 — — 620 
Substandard Accrual248 114 39 57 53 17 500 — — 1,028 
Non-accrual95 55 11 9 36 6 135 — — 347 
Total commercial and industrial$12,376 $7,456 $3,397 $2,393 $1,147 $3,307 $20,516 $— $313 $50,905 
Commercial real estate mortgage—owner-occupied:
Risk Rating:
Pass$1,058 $1,175 $929 $479 $519 $626 $89 $— $(5)$4,870 
Special Mention7 32 17 10 15 12 2 — — 95 
Substandard Accrual10 16 36 35 5 6 1 — — 109 
Non-accrual1 2 9 1 5 11 — — — 29 
Total commercial real estate mortgage—owner-occupied:$1,076 $1,225 $991 $525 $544 $655 $92 $— $(5)$5,103 
Commercial real estate construction—owner-occupied:
Risk Rating:
Pass$115 $79 $22 $15 $15 $38 $1 $— $— $285 
Special Mention— — — — 2 — — — — 2 
Substandard Accrual2 — 2 — — 1 — — — 5 
Non-accrual— — 1 1 — 4 — — — 6 
Total commercial real estate construction—owner-occupied:$117 $79 $25 $16 $17 $43 $1 $— $— $298 
Total commercial$13,569 $8,760 $4,413 $2,934 $1,708 $4,005 $20,609 $— $308 $56,306 
December 31, 2022
Term LoansRevolving LoansRevolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20222021202020192018Prior
(In millions)
Commercial investor real estate mortgage:
Risk Rating:
Pass$2,332 $1,321 $634 $466 $257 $94 $490 $— $(7)$5,587 
Special Mention229 75 — 18 — 3 38 — — 363 
Substandard Accrual107 74 138 68 3 — — — 390 
Non-accrual52 — — — — 1 — — — 53 
Total commercial investor real estate mortgage$2,720 $1,396 $708 $622 $325 $101 $528 $— $(7)$6,393 
Commercial investor real estate construction:
Risk Rating:
Pass$458 $402 $205 $112 $— $1 $722 $— $(16)$1,884 
Special Mention25 52 — — — — 5 — — 82 
Substandard Accrual3 — 17 — — — — — — 20 
Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$486 $454 $222 $112 $— $1 $727 $— $(16)$1,986 
Total investor real estate$3,206 $1,850 $930 $734 $325 $102 $1,255 $— $(23)$8,379 
Residential first mortgage:
FICO scores
Above 720$2,485 $4,455 $4,765 $899 $327 $2,445 $— $— $— $15,376 
681-720337 412 313 83 42 300 — — — 1,487 
620-680168 183 129 53 34 295 — — — 862 
Below 62042 92 77 52 40 379 — — — 682 
Data not available27 45 47 13 4 98 2 — 167 403 
Total residential first mortgage$3,059 $5,187 $5,331 $1,100 $447 $3,517 $2 $— $167 $18,810 
Home equity lines:
FICO scores
Above 720$— $— $— $— $— $— $2,620 $47 $— $2,667 
681-720— — — — — — 369 12 — 381 
620-680— — — — — — 212 11 — 223 
Below 620— — — — — — 99 8 — 107 
Data not available— — — — — — 97 4 31 132 
Total home equity lines$— $— $— $— $— $— $3,397 $82 $31 $3,510 
Home equity loans
FICO scores
Above 720$436 $466 $250 $117 $106 $582 $— $— $— $1,957 
681-72075 62 26 17 14 67 — — — 261 
620-68029 28 11 12 9 58 — — — 147 
Below 6204 8 4 5 7 38 — — — 66 
Data not available4 3 3 3 4 24 — — 17 58 
Total home equity loans$548 $567 $294 $154 $140 $769 $— $— $17 $2,489 
December 31, 2022
Term LoansRevolving LoansRevolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20222021202020192018Prior
(In millions)
Consumer credit card:
FICO scores
Above 720$— $— $— $— $— $— $719 $— $— $719 
681-720— — — — — — 246 — — 246 
620-680— — — — — — 204 — — 204 
Below 620— — — — — — 86 — — 86 
Data not available— — — — — — 9 — (16)(7)
Total consumer credit card$— $— $— $— $— $— $1,264 $— $(16)$1,248 
Other consumer- exit portfolios:
FICO scores
Above 720$— $— $— $102 $172 $96 $— $— $— $370 
681-720— — — 30 40 23 — — — 93 
620-680— — — 17 30 17 — — — 64 
Below 620— — — 7 17 10 — — — 34 
Data not available— — — 1 3 3 — — 2 9 
Total other consumer- exit portfolios$— $— $— $157 $262 $149 $— $— $2 $570 
Other consumer(2):
FICO scores
Above 720$2,072 $674 $382 $215 $99 $80 $119 $— $— $3,641 
681-720493 200 106 50 23 20 66 — — 958 
620-680348 153 73 34 19 15 55 — — 697 
Below 620102 69 38 20 12 8 23 — — 272 
Data not available61 6 5 130 73 5 2 — (153)129 
Total other consumer$3,076 $1,102 $604 $449 $226 $128 $265 $— $(153)$5,697 
Total consumer loans$6,683 $6,856 $6,229 $1,860 $1,075 $4,563 $4,928 $82 $48 $32,324 
Total Loans$23,458 $17,466 $11,572 $5,528 $3,108 $8,670 $26,792 $82 $333 $97,009 
________
(1)These amounts consist of fees that are not allocated at the loan level and loans serviced by third parties wherein Regions does not receive FICO or vintage information.
(2)Other consumer class includes overdrafts and related gross charge-offs. Overdrafts are included in the current vintage year and the majority of overdraft gross charge-offs for the three months ended March 31, 2023 are also included in the current vintage year.
AGING AND NON-ACCRUAL ANALYSIS
The following tables include an aging analysis of DPD and loans on non-accrual status for each portfolio segment and class as of March 31, 2023 and December 31, 2022. Loans on non-accrual status with no related allowance totaled $205 million comprised of commercial and investor real estate loans at March 31, 2023. Loans on non-accrual status with no related allowance totaled $151 million comprised of commercial loans at December 31, 2022. Non–accrual loans with no related allowance typically include loans where the underlying collateral is deemed sufficient to recover all remaining principal. Loans that have been fully charged-off do not appear in the tables below.
 March 31, 2023
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$33 $14 $23 $70 $51,426 $385 $51,811 
Commercial real estate mortgage—owner-occupied5 2 — 7 4,904 34 4,938 
Commercial real estate construction—owner-occupied— — — — 300 6 306 
Total commercial38 16 23 77 56,630 425 57,055 
Commercial investor real estate mortgage1 — — 1 6,325 67 6,392 
Commercial investor real estate construction— — — — 2,040 — 2,040 
Total investor real estate1 — — 1 8,365 67 8,432 
Residential first mortgage74 37 77 188 19,146 26 19,172 
Home equity lines18 10 17 45 3,367 30 3,397 
Home equity loans7 3 8 18 2,440 6 2,446 
Consumer credit card9 6 15 30 1,219 — 1,219 
Other consumer—exit portfolios5 2 1 8 488 — 488 
Other consumer48 21 17 86 5,848 — 5,848 
Total consumer161 79 135 375 32,508 62 32,570 
$200 $95 $158 $453 $97,503 $554 $98,057 
 
 December 31, 2022
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$36 $20 $30 $86 $50,558 $347 $50,905 
Commercial real estate mortgage—owner-occupied7 2 1 10 5,074 29 5,103 
Commercial real estate construction—owner-occupied— — — — 292 6 298 
Total commercial43 22 31 96 55,924 382 56,306 
Commercial investor real estate mortgage— — 40 40 6,340 53 6,393 
Commercial investor real estate construction— — — — 1,986 — 1,986 
Total investor real estate— — 40 40 8,326 53 8,379 
Residential first mortgage87 45 81 213 18,779 31 18,810 
Home equity lines18 12 15 45 3,482 28 3,510 
Home equity loans8 3 8 19 2,483 6 2,489 
Consumer credit card9 7 15 31 1,248 — 1,248 
Other consumer—exit portfolios7 3 1 11 570 — 570 
Other consumer46 21 17 84 5,697 — 5,697 
Total consumer175 91 137 403 32,259 65 32,324 
$218 $113 $208 $539 $96,509 $500 $97,009 
MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY
Modifications to troubled borrowers are loans where the borrower is experiencing financial difficulty at the time of modification and are undertaken in order to improve the likelihood of repayment. Typical modifications include accommodations such as renewals and forbearances. The majority of Regions' commercial and investor real estate modifications to troubled borrowers are the result of renewals of classified loans wherein there has been an interest rate reduction and/or maturity extension (that is considered other than insignificant). Similarly, Regions works to meet the individual needs of troubled consumer borrowers through its CAP. Regions designed the program to allow for customer-tailored modifications with the goal of keeping customers in their homes and avoiding foreclosure where possible. Modifications may be offered to any borrower experiencing financial hardship regardless of the borrower's payment status. Consumer modifications to troubled borrowers primarily involve an interest rate reduction and/or a payment deferral or maturity extension that is considered other than insignificant. All CAP modifications that involve an interest rate reduction, principal forgiveness, other than insignificant payment deferral or term extension and/or a combination of these are disclosed as modifications to troubled borrowers because the customer documents a financial hardship in order to participate. Refer to Note 1 "Basis of Presentation" for additional information regarding the Company's modifications to troubled borrowers.
For each portfolio segment and class, the following table presents the end of period balance of new modifications to troubled borrowers and the related percentage of the loan portfolio period-end balance by the type of modification. During the period presented, the Company did not make any modifications of principal forgiveness.
Three months ended March 31, 2023
Term ExtensionPayment DeferralTerm Extension and Interest Rate ModificationTotal
$
%(1)
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$18 0.03 %$164 0.32 %$— — %$182 0.35 %
Commercial real estate mortgage—owner-occupied2 0.04 %— — %— — %2 0.05 %
Commercial real estate construction—owner-occupied1 0.17 %— — %— — %1 0.17 %
Total commercial21 0.04 %164 0.29 %— — %185 0.32 %
Residential first mortgage22 0.12 %— — %2 0.01 %24 0.13 %
Home equity lines1 0.02 %— — %— — %1 0.03 %
Home equity loans1 0.04 %— — %1 0.06 %2 0.09 %
Total consumer24 0.07 %— — %3 0.01 %27 0.09 %
Total$45 0.05 %$164 0.17 %$3 — %$212 0.22 %
____
(1) Amounts calculated based upon whole dollar values.
The following table presents the financial impact of modifications to troubled borrowers during the period presented by portfolio segment, class of financing receivable, and the type of modification. During the period presented, the Company did not make any modifications of principal forgiveness. The table includes new modifications to troubled borrowers, as well as renewals of existing modifications to troubled borrowers.
Three Months Ended March 31, 2023
Financial Effect
Term Extension
Commercial and industrialIncreased weighted-average contractual term by 5 months.
Commercial real estate mortgage—owner-occupiedIncreased weighted-average contractual term by 6 months.
Commercial real estate construction—owner-occupiedIncreased weighted-average contractual term by 5 months.
Residential first mortgageIncreased weighted-average contractual term by approximately 5 years.
Home equity linesIncreased weighted-average contractual term by approximately 20 years.
Home equity loansIncreased weighted-average contractual term by approximately 11 years.
Payment Deferral
Commercial and industrialPayments were deferred for an average of 2 months. In instances where amortization periods were increased, the amortization period was doubled to maturity.
Combination - Term Extension and Interest Rate Modification
Residential first mortgageReduced weighted-average contractual interest rate by 1%. Increased weighted-average contractual term by approximately 7 years.
Home equity loansReduced weighted-average contractual interest rate by 2%. Increased weighted-average contractual term by approximately 17 years.
The following table includes aging and non-accrual performance for modifications to troubled borrowers modified in the three month period since the adoption of related accounting guidance by portfolio segment and class.
March 31, 2023
Current30-89 DPD90+ DPDNon-Performing LoansTotal
(In millions)
Commercial and industrial$169 $— $— $13 $182 
Commercial real estate mortgage—owner-occupied2 — — — 2 
Commercial real estate construction—owner-occupied— — — 1 1 
Total commercial171 — — 14 185 
Residential first mortgage23 — — 1 24 
Home equity lines1 — — — 1 
Home equity loans2 — — — 2 
Total consumer26 — — 1 27 
$197 $— $— $15 $212 
Prior to the Company’s adoption of new guidance related to modifications to borrowers experiencing financial difficulty, Regions accounted for loans in which the borrower was experiencing financial difficulty at the modification date and wherein Regions had granted a concession to the borrower as a TDR. Like modifications to troubled borrowers, TDRs were undertaken in order to improve the likelihood of repayment of a loan. However, TDR modifications were different because they may have had a stated interest rate lower than the current market rate for new debt with similar risk, other modifications to the structure of the loan that fell outside of normal underwriting policies and procedures, or in limited circumstances forgiveness of principal and/or interest. Refer to Note 1 "Summary of Significant Accounting Policies" and Note 3 "Loans and the Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2022 for additional information.
The following table presents the end of period balance for loans modified in a TDR during the period presented in 2022 by portfolio segment and class, and the financial impact of those modifications. The table includes modifications made to new TDRs, as well as renewals of existing TDRs.
Three Months Ended March 31, 2022
Financial Impact
of Modifications
Considered TDRs
Number of
Obligors		Recorded
Investment		Increase in
Allowance at
Modification
(Dollars in millions)
Commercial and industrial10 $37 $— 
Commercial real estate mortgage—owner-occupied3 2 — 
Commercial real estate construction—owner-occupied— — — 
Total commercial13 39 — 
Commercial investor real estate mortgage1 8 — 
Commercial investor real estate construction— — — 
Total investor real estate1 8 — 
Residential first mortgage357 52 3 
Home equity lines22 2 1 
Home equity loans42 3 — 
Consumer credit card2 — — 
Other consumer—exit portfolios— — — 
Other consumer2 — — 
Total consumer425 57 4 
439 $104 $4