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Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Analysis Of The Allowance For Credit Losses By Portfolio Segment

			Three Months Ended June 30, 2023
			Commercial						Investor Real Estate						Consumer						Total
			(In millions)
Allowance for loan losses, April 1, 2023			$	693					$	126					$	653					$	1,472
Provision for loan losses			46						25						51						122
Loan losses:
Charge-offs			(52)						—						(60)						(112)
Recoveries			21						—						10						31
Net loan (losses) recoveries			(31)						—						(50)						(81)
Allowance for loan losses, June 30, 2023			708						151						654						1,513
Reserve for unfunded credit commitments, April 1, 2023			77						27						20						124
Provision for (benefit from) unfunded credit commitments			5						(8)						(1)						(4)
Reserve for unfunded credit commitments, June 30, 2023			82						19						19						120
Allowance for credit losses, June 30, 2023			$	790					$	170					$	673					$	1,633

			Three Months Ended June 30, 2022
			Commercial						Investor Real Estate						Consumer						Total
			(In millions)
Allowance for loan losses, April 1, 2022			$	620					$	75					$	721					$	1,416
Provision for (benefit from) loan losses			(14)						15						46						47
Loan losses:
Charge-offs			(22)						—						(48)						(70)
Recoveries			13						1						18						32
Net loan (losses) recoveries			(9)						1						(30)						(38)
Allowance for loan losses, June 30, 2022			597						91						737						1,425
Reserve for unfunded credit commitments, April 1, 2022			52						8						16						76
Provision for unfunded credit commitments			5						2						6						13
Reserve for unfunded credit commitments, June 30, 2022			57						10						22						89
Allowance for credit losses, June 30, 2022			$	654					$	101					$	759					$	1,514

			Six Months Ended June 30, 2023
			Commercial						Investor Real Estate						Consumer						Total
			(In millions)
Allowance for loan losses, December 31, 2022			$	665					$	121					$	678					$	1,464
Cumulative effect of 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 loan losses			116						33						102						251
Loan losses:
Charge-offs			(101)						—						(116)						(217)
Recoveries			31						—						22						53
Net loan (losses) recoveries			(70)						—						(94)						(164)
Allowance for loan losses, June 30, 2023			708						151						654						1,513
Reserve for unfunded credit commitments, January 1, 2023			72						21						25						118
Provision for (benefit from) unfunded credit losses			10						(2)						(6)						2
Reserve for unfunded credit commitments, June 30, 2023			82						19						19						120
Allowance for credit losses, June 30, 2023			$	790					$	170					$	673					$	1,633

			Six Months Ended June 30, 2022
			Commercial						Investor Real Estate						Consumer						Total
			(In millions)
Allowance for loan losses, January 1, 2022			$	682					$	79					$	718					$	1,479
Provision for (benefit from) loan losses			(63)						11						82						30
Loan losses:
Charge-offs			(48)						—						(99)						(147)
Recoveries			26						1						36						63
Net loan (losses) recoveries			(22)						1						(63)						(84)
Allowance for loan losses, June 30, 2022			597						91						737						1,425
Reserve for unfunded credit commitments, January 1, 2022			58						8						29						95
Provision for (benefit from) unfunded credit losses			(1)						2						(7)						(6)
Reserve for unfunded credit commitments, June 30, 2022			57						10						22						89
Allowance for credit losses, June 30, 2022			$	654					$	101					$	759					$	1,514

_____

(1) See Note 1 for additional information.

Financing Receivable Credit Quality Indicators

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 June 30, 2023 and December 31, 2022. Gross charge-offs are also presented by vintage year for the six months ended June 30, 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.

			June 30, 2023
			Term Loans																					Revolving Loans						Revolving Loans Converted to Amortizing						Unallocated (1)						Total
			Origination Year
			2023			2022			2021			2020			2019			Prior
			(In millions)
Commercial and industrial:
Risk rating:
Pass			$	5,217		$	10,688		$	6,018		$	2,717		$	1,705		$	3,684					$	19,693					$	—					$	83					$	49,805
Special Mention			244			208			103			15			13			6						469						—						—						1,058
Substandard Accrual			88			181			96			44			78			2						651						—						—						1,140
Non-accrual			14			73			48			7			5			32						118						—						—						297
Total commercial and industrial			$	5,563		$	11,150		$	6,265		$	2,783		$	1,801		$	3,724					$	20,931					$	—					$	83					$	52,300
Gross charge-offs			$	—		$	34		$	25		$	19		$	9		$	9					$	5					$	—					$	—					$	101
Commercial real estate mortgage—owner-occupied:
Risk rating:
Pass			$	337		$	973		$	1,079		$	739		$	395		$	950					$	91					$	—					$	(5)					$	4,559
Special Mention			7			17			19			30			7			26						1						—						—						107
Substandard Accrual			6			19			26			22			12			11						1						—						—						97
Non-accrual			6			—			9			8			2			8						1						—						—						34
Total commercial real estate mortgage—owner-occupied:			$	356		$	1,009		$	1,133		$	799		$	416		$	995					$	94					$	—					$	(5)					$	4,797
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—
Commercial real estate construction—owner-occupied:
Risk rating:
Pass			$	30		$	110		$	62		$	24		$	13		$	40					$	1					$	—					$	—					$	280
Special Mention			—			—			—			—			—			2						—						—						—						2
Substandard Accrual			2			—			—			2			—			1						—						—						—						5
Non-accrual			—			—			—			1			1			3						—						—						—						5
Total commercial real estate construction—owner-occupied:			$	32		$	110		$	62		$	27		$	14		$	46					$	1					$	—					$	—					$	292
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—
Total commercial			$	5,951		$	12,269		$	7,460		$	3,609		$	2,231		$	4,765					$	21,026					$	—					$	78					$	57,389
Gross commercial charge-offs			$	—		$	34		$	25		$	19		$	9		$	9					$	5					$	—					$	—					$	101
Commercial investor real estate mortgage:
Risk rating:
Pass			$	711		$	1,874		$	1,117		$	658		$	358		$	199					$	452					$	—					$	(5)					$	5,364
Special Mention			35			325			144			21			—			19						73						—						—						617
Substandard Accrual			85			135			38			55			67			41						—						—						—						421
Non-accrual			66			—			—			—			13			19						—						—						—						98
Total commercial investor real estate mortgage			$	897		$	2,334		$	1,299		$	734		$	438		$	278					$	525					$	—					$	(5)					$	6,500
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—
Commercial investor real estate construction:
Risk rating:
Pass			$	136		$	711		$	472		$	77		$	1		$	2					$	590					$	—					$	(15)					$	1,974
Special Mention			—			96			—			—			—			—						41						—						—						137
Substandard Accrual			—			3			—			18			—			—						—						—						—						21
Non-accrual			—			—			—			—			—			—						—						—						—						—
Total commercial investor real estate construction			$	136		$	810		$	472		$	95		$	1		$	2					$	631					$	—					$	(15)					$	2,132
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—
Total investor real estate			$	1,033		$	3,144		$	1,771		$	829		$	439		$	280					$	1,156					$	—					$	(20)					$	8,632
Gross investor real estate charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—

			June 30, 2023
			Term Loans																					Revolving Loans						Revolving Loans Converted to Amortizing						Unallocated (1)						Total
			Origination Year
			2023			2022			2021			2020			2019			Prior
			(In millions)
Residential first mortgage:
FICO scores:
Above 720			$	1,094		$	2,753		$	4,475		$	4,591		$	854		$	2,557					$	—					$	—					$	—					$	16,324
681-720			135			311			357			269			70			306						—						—						—						1,448
620-680			60			163			175			110			48			287						—						—						—						843
Below 620			7			63			103			82			49			403						—						—						—						707
Data not available			22			23			51			47			12			98						2						—						178						433
Total residential first mortgage			$	1,318		$	3,313		$	5,161		$	5,099		$	1,033		$	3,651					$	2					$	—					$	178					$	19,755
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	1					$	—					$	—					$	—					$	1
Home equity lines:
FICO scores:
Above 720			$	—		$	—		$	—		$	—		$	—		$	—					$	2,459					$	47					$	—					$	2,506
681-720			—			—			—			—			—			—						346						11						—						357
620-680			—			—			—			—			—			—						191						9						—						200
Below 620			—			—			—			—			—			—						93						7						—						100
Data not available			—			—			—			—			—			—						114						5						31						150
Total home equity lines			$	—		$	—		$	—		$	—		$	—		$	—					$	3,203					$	79					$	31					$	3,313
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	2					$	—					$	—					$	2
Home equity loans:
FICO scores:
Above 720			$	108		$	410		$	430		$	228		$	105		$	605					$	—					$	—					$	—					$	1,886
681-720			20			65			56			23			16			70						—						—						—						250
620-680			8			25			25			9			8			57						—						—						—						132
Below 620			—			6			9			4			7			39						—						—						—						65
Data not available			36			3			5			3			3			26						—						—						16						92
Total home equity loans			$	172		$	509		$	525		$	267		$	139		$	797					$	—					$	—					$	16					$	2,425
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—
Consumer credit card:
FICO scores:
Above 720			$	—		$	—		$	—		$	—		$	—		$	—					$	713					$	—					$	—					$	713
681-720			—			—			—			—			—			—						241						—						—						241
620-680			—			—			—			—			—			—						197						—						—						197
Below 620			—			—			—			—			—			—						84						—						—						84
Data not available			—			—			—			—			—			—						15						—						(19)						(4)
Total consumer credit card			$	—		$	—		$	—		$	—		$	—		$	—					$	1,250					$	—					$	(19)					$	1,231
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	24					$	—					$	—					$	24
Other consumer—exit portfolios:
FICO scores:
Above 720			$	—		$	—		$	—		$	—		$	83		$	191					$	—					$	—					$	—					$	274
681-720			—			—			—			—			23			45						—						—						—						68
620-680			—			—			—			—			14			31						—						—						—						45
Below 620			—			—			—			—			5			19						—						—						—						24
Data not available			—			—			—			—			1			3						—						—						1						5
Total Other consumer- exit portfolios			$	—		$	—		$	—		$	—		$	126		$	289					$	—					$	—					$	1					$	416
Gross charge-offs			$	—		$	—		$	—		$	—		$	3		$	5					$	—					$	—					$	—					$	8

			June 30, 2023
			Term Loans																					Revolving Loans						Revolving Loans Converted to Amortizing						Unallocated (1)						Total
			Origination Year
			2023			2022			2021			2020			2019			Prior
			(In millions)
Other consumer(2):
FICO scores:
Above 720			$	800		$	1,760		$	578		$	330		$	181		$	144					$	117					$	—					$	—					$	3,910
681-720			116			467			163			87			40			36						66						—						—						975
620-680			71			344			122			59			26			24						55						—						—						701
Below 620			21			132			66			34			17			17						25						—						—						312
Data not available			82			9			6			5			122			71						2						—						(165)						132
Total other consumer			$	1,090		$	2,712		$	935		$	515		$	386		$	292					$	265					$	—					$	(165)					$	6,030
Gross charge-offs			$	20		$	26		$	17		$	8		$	4		$	6					$	—					$	—					$	—					$	81
Total consumer loans			$	2,580		$	6,534		$	6,621		$	5,881		$	1,684		$	5,029					$	4,720					$	79					$	42					$	33,170
Gross consumer charge-offs			$	20		$	26		$	17		$	8		$	7		$	12					$	26					$	—					$	—					$	116
Total Loans			$	9,564		$	21,947		$	15,852		$	10,319		$	4,354		$	10,074					$	26,902					$	79					$	100					$	99,191
Total Gross charge-offs			$	20		$	60		$	42		$	27		$	16		$	21					$	31					$	—					$	—					$	217

			December 31, 2022
			Term Loans																					Revolving Loans						Revolving Loans Converted to Amortizing						Unallocated (1)						Total
			Origination Year
			2022			2021			2020			2019			2018			Prior
			(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 Mention			85			120			70			30			32			1						282						—						—						620
Substandard Accrual			248			114			39			57			53			17						500						—						—						1,028
Non-accrual			95			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 Mention			7			32			17			10			15			12						2						—						—						95
Substandard Accrual			10			16			36			35			5			6						1						—						—						109
Non-accrual			1			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 Accrual			2			—			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 Loans																					Revolving Loans						Revolving Loans Converted to Amortizing						Unallocated (1)						Total
			Origination Year
			2022			2021			2020			2019			2018			Prior
			(In millions)
Commercial investor real estate mortgage:
Risk rating:
Pass			$	2,332		$	1,321		$	634		$	466		$	257		$	94					$	490					$	—					$	(7)					$	5,587
Special Mention			229			75			—			18			—			3						38						—						—						363
Substandard Accrual			107						74			138			68			3						—						—						—						390
Non-accrual			52			—			—			—			—			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 Mention			25			52			—			—			—			—						5						—						—						82
Substandard Accrual			3			—			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
681-720			337			412			313			83			42			300						—						—						—						1,487
620-680			168			183			129			53			34			295						—						—						—						862
Below 620			42			92			77			52			40			379						—						—						—						682
Data not available			27			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
681-720			75			62			26			17			14			67						—						—						—						261
620-680			29			28			11			12			9			58						—						—						—						147
Below 620			4			8			4			5			7			38						—						—						—						66
Data not available			4			3			3			3			4			24						—						—						17						58
Total home equity loans			$	548		$	567		$	294		$	154		$	140		$	769					$	—					$	—					$	17					$	2,489
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

			December 31, 2022
			Term Loans																					Revolving Loans						Revolving Loans Converted to Amortizing						Unallocated (1)						Total
			Origination Year
			2022			2021			2020			2019			2018			Prior
			(In millions)
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
681-720			493			200			106			50			23			20						66						—						—						958
620-680			348			153			73			34			19			15						55						—						—						697
Below 620			102			69			38			20			12			8						23						—						—						272
Data not available			61			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 six months ended June 30, 2023 are also included in the current vintage year.

Past Due Financing Receivables

The following tables include an aging analysis of DPD and loans on non-accrual status for each portfolio segment and class as of June 30, 2023 and December 31, 2022. Loans on non-accrual status with no related allowance totaled $160 million comprised of commercial and investor real estate loans at June 30, 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.

			June 30, 2023
			Accrual Loans
			30-59 DPD						60-89 DPD						90+ DPD						Total 30+ DPD						Total Accrual						Non-accrual						Total
			(In millions)
Commercial and industrial			$	37					$	18					$	10					$	65					$	52,003					$	297					$	52,300
Commercial real estate mortgage—owner-occupied			3						1						1						5						4,763						34						4,797
Commercial real estate construction—owner-occupied			—						—						—						—						287						5						292
Total commercial			40						19						11						70						57,053						336						57,389
Commercial investor real estate mortgage			1						—						—						1						6,402						98						6,500
Commercial investor real estate construction			—						—						—						—						2,132						—						2,132
Total investor real estate			1						—						—						1						8,534						98						8,632
Residential first mortgage			84						35						77						196						19,731						24						19,755
Home equity lines			17						11						19						47						3,285						28						3,313
Home equity loans			7						3						8						18						2,419						6						2,425
Consumer credit card			9						7						15						31						1,231						—						1,231
Other consumer—exit portfolios			4						2						1						7						416						—						416
Other consumer			52						27						24						103						6,030						—						6,030
Total consumer			173						85						144						402						33,112						58						33,170
			$	214					$	104					$	155					$	473					$	98,699					$	492					$	99,191

			December 31, 2022
			Accrual Loans
			30-59 DPD						60-89 DPD						90+ DPD						Total 30+ DPD						Total Accrual						Non-accrual						Total
			(In millions)
Commercial and industrial			$	36					$	20					$	30					$	86					$	50,558					$	347					$	50,905
Commercial real estate mortgage—owner-occupied			7						2						1						10						5,074						29						5,103
Commercial real estate construction—owner-occupied			—						—						—						—						292						6						298
Total commercial			43						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 mortgage			87						45						81						213						18,779						31						18,810
Home equity lines			18						12						15						45						3,482						28						3,510
Home equity loans			8						3						8						19						2,483						6						2,489
Consumer credit card			9						7						15						31						1,248						—						1,248
Other consumer—exit portfolios			7						3						1						11						570						—						570
Other consumer			46						21						17						84						5,697						—						5,697
Total consumer			175						91						137						403						32,259						65						32,324
			$	218					$	113					$	208					$	539					$	96,509					$	500					$	97,009

Modifications by class and segment

For each portfolio segment and class, the following tables present 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 in the three months and six months ended June 30, 2023. During the periods presented, the Company did not make any modifications of principal forgiveness.

												Three Months Ended June 30, 2023
									Term Extension															Payment Deferral															Term Extension and Interest Rate Modification																					Total
												$			%(1)															$			%(1)															$			%(1)																								$			%(1)
												(Dollars in millions)
Commercial and industrial												$	57		0.11		%													$	24		0.05		%													$	—		—		%																						$	81		0.15		%
Commercial real estate mortgage—owner-occupied												8			0.17		%													—			—		%													—			—		%																						8			0.17		%
Commercial real estate construction—owner-occupied												3			0.66		%													—			0.15		%													—			—		%																						3			0.81		%
Total commercial												68			0.12		%													24			0.04		%													—			—		%																						92			0.16		%
Commercial investor real estate mortgage												63			0.98		%													—			—		%													—			—		%																						63			0.98		%
Total investor real estate												63			0.73		%													—			—		%													—			—		%																						63			0.73		%
Residential first mortgage												27			0.14		%													—			—		%													—			—		%																						27			0.14		%
Home equity lines												—			—		%													—			—		%													1			0.02		%																						1			0.03		%
Home equity loans												2			0.06		%													—			—		%													1			0.06		%																						3			0.11		%
Total consumer												29			0.09		%													—			—		%													2			0.01		%																						31			0.09		%
Total												$	160		0.16		%													$	24		0.02		%													$	2		—		%																						$	186		0.19		%

												Six Months Ended June 30, 2023
									Term Extension															Payment Deferral															Term Extension and Interest Rate Modification																					Total
												$			%(1)															$			%(1)															$			%(1)																								$			%(1)
												(Dollars in millions)
Commercial and industrial												$	61		0.12		%													$	182		0.35		%													$	—		—		%																						$	243		0.47		%
Commercial real estate mortgage—owner-occupied												10			0.21		%													—			—		%													—			—		%																						10			0.21		%
Commercial real estate construction—owner-occupied												3			0.66		%													—			—		%													—			—		%																						3			0.81		%
Total commercial												74			0.13		%													182			0.32		%													—			—		%																						256			0.45		%
Commercial investor real estate mortgage												63			0.98		%													—			—		%													—			—		%																						63			0.98		%
Total investor real estate												63			0.73		%													—			—		%													—			—		%																						63			0.73		%
Residential first mortgage												49			0.24		%													—			—		%													1			0.01		%																						50			0.25		%
Home equity lines												1			0.02		%													—			—		%													1			0.04		%																						2			0.06		%
Home equity loans												2			0.10		%													—			—		%													3			0.11		%																						5			0.21		%
Total consumer												52			0.16		%													—			—		%													5			0.02		%																						57			0.17		%
Total												$	189		0.19		%													$	182		0.18		%													$	5		0.01		%																						$	376		0.38		%

____

(1) Amounts calculated based upon whole dollar values.

Financial impact of modifications to troubled borrowers

The following tables present the financial impact of modifications to troubled borrowers during the periods presented by portfolio segment, class of financing receivable, and the type of modification. During the periods presented, the Company did not make any modifications of principal forgiveness. The tables include new modifications to troubled borrowers, as well as renewals of existing modifications to troubled borrowers.

			Three Months Ended June 30, 2023
			Term Extension						Payment Deferral						Term Extension and Interest Rate Modification
			Weighted-Average Term Extension (in years)						Weighted-Average Payment Deferral (in years)						Weighted-Average Term Extension (in years)						Weighted-Average Reduction in Interest Rate
Commercial and industrial			1						0.5						—						—
Commercial real estate mortgage—owner-occupied			0.75						—						—						—
Commercial real estate construction—owner-occupied			0.25						—						—						—
Commercial investor real estate mortgage			0.67						—						—						—
Residential first mortgage			5						—						—						—
Home equity lines			—						—						20						1		%
Home equity loans			18						—						14						3		%

			Six Months Ended June 30, 2023
			Term Extension						Payment Deferral						Term Extension and Interest Rate Modification
			Weighted-Average Term Extension (in years)						Weighted-Average Payment Deferral (in years)						Weighted-Average Term Extension (in years)						Weighted-Average Reduction in Interest Rate
Commercial and industrial			1						0.5						—						—
Commercial real estate mortgage—owner-occupied			0.67						—						—						—
Commercial real estate construction—owner-occupied			0.25						—						—						—
Commercial investor real estate mortgage			0.67						—						—						—
Residential first mortgage			5						—						8						1		%
Home equity lines			19						—						18						1		%
Home equity loans			15						—						16						2		%

In addition to the financial impacts in the table above, during the six months ended June 30, 2023, there were instances of commercial and industrial payment deferrals in which the amortization period was doubled to maturity.

Aging and non-accrual performance for modifications to troubled borrowers

The following tables include aging and non-accrual performance for modifications to troubled borrowers modified in the three and six month periods since the adoption of related accounting guidance by portfolio segment and class.

			Three Months Ended June 30, 2023
			Current						30-89 DPD						90+ DPD						Non-Performing Loans						Total
			(In millions)
Commercial and industrial			$	52					$	—					$	—					$	29					$	81
Commercial real estate mortgage—owner-occupied			4						—						—						4						8
Commercial real estate construction—owner-occupied			2						—						—						1						3
Total commercial			58						—						—						34						92
Commercial investor real estate mortgage			48						—						—						15						63
Total investor real estate			48						—						—						15						63
Residential first mortgage			25						1						—						1						27
Home equity lines			1						—						—						—						1
Home equity loans			2						—						—						1						3
Total consumer			28						1						—						2						31
			$	134					$	1					$	—					$	51					$	186

			Six Months Ended June 30, 2023
			Current						30-89 DPD						90+ DPD						Non-Performing Loans						Total
			(In millions)
Commercial and industrial			$	198					$	2					$	—					$	43					$	243
Commercial real estate mortgage—owner-occupied			6						—						—						4						10
Commercial real estate construction—owner-occupied			2						—						—						1						3
Total commercial			206						2						—						48						256
Commercial investor real estate mortgage			48						—						—						15						63
Total investor real estate			48						—						—						15						63
Residential first mortgage			44						4						1						1						50
Home equity lines			1						—						—						1						2
Home equity loans			4						—						—						1						5
Total consumer			49						4						1						3						57
			$	303					$	6					$	1					$	66					$	376

Troubled Debt Restructurings on Financing Receivables

he following tables present the end of period balance for loans modified in a TDR during the periods presented in 2022 by portfolio segment and class, and the financial impact of those modifications. The tables include modifications made to new TDRs, as well as renewals of existing TDRs.

			Three Months Ended June 30, 2022
															Financial Impact of Modifications Considered TDRs
			Number of Obligors						Recorded Investment						Increase in Allowance at Modification
			(Dollars in millions)
Commercial and industrial			10						$	23					$	—
Commercial real estate mortgage—owner-occupied			6						1						—
Commercial real estate construction—owner-occupied			—						—						—
Total commercial			16						24						—
Commercial investor real estate mortgage			1						27						—
Commercial investor real estate construction			—						—						—
Total investor real estate			1						27						—
Residential first mortgage			368						48						1
Home equity lines			32						2						1
Home equity loans			68						5						—
Consumer credit card			—						—						—
Other consumer—exit portfolios			—						—						—
Other consumer			2						—						—
Total consumer			470						55						2
			487						$	106					$	2

			Six Months Ended June 30, 2022
															Financial Impact of Modifications Considered TDRs
			Number of Obligors						Recorded Investment						Increase in Allowance at Modification
			(Dollars in millions)
Commercial and industrial			20						$	60					$	—
Commercial real estate mortgage—owner-occupied			9						3						—
Commercial real estate construction—owner-occupied			—						—						—
Total commercial			29						63						—
Commercial investor real estate mortgage			2						35						—
Commercial investor real estate construction			—						—						—
Total investor real estate			2						35						—
Residential first mortgage			725						100						4
Home equity lines			54						4						2
Home equity loans			110						8						—
Consumer credit card			2						—						—
Other consumer—exit portfolios			—						—						—
Other consumer			4						—						—
Total consumer			895						112						6
			926						$	210					$	6

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