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Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2023

Receivables [Abstract]

Analysis Of The Allowance For Credit Losses By Portfolio Segment

			Three Months Ended September 30, 2023
			Commercial						Investor Real Estate						Consumer						Total
			(In millions)
Allowance for loan losses, July 1, 2023			$	708					$	151					$	654					$	1,513
Provision for loan losses			25						17						93						135
Loan losses:
Charge-offs			(54)						—						(70)						(124)
Recoveries			13						—						10						23
Net loan (losses) recoveries			(41)						—						(60)						(101)
Allowance for loan losses, September 30, 2023			692						168						687						1,547
Reserve for unfunded credit commitments, July 1, 2023			82						19						19						120
Provision for (benefit from) unfunded credit commitments			8						—						2						10
Reserve for unfunded credit commitments, September 30, 2023			90						19						21						130
Allowance for credit losses, September 30, 2023			$	782					$	187					$	708					$	1,677

			Three Months Ended September 30, 2022
			Commercial						Investor Real Estate						Consumer						Total
			(In millions)
Allowance for loan losses, July 1, 2022			$	597					$	91					$	737					$	1,425
Provision for loan losses			78						8						17						103
Loan losses:
Charge-offs			(20)						—						(115)						(135)
Recoveries			13						—						12						25
Net loan (losses) recoveries			(7)						—						(103)						(110)
Allowance for loan losses, September 30, 2022			668						99						651						1,418
Reserve for unfunded credit commitments, July 1, 2022			57						10						22						89
Provision for unfunded credit commitments			10						7						15						32
Reserve for unfunded credit commitments, September 30, 2022			67						17						37						121
Allowance for credit losses, September 30, 2022			$	735					$	116					$	688					$	1,539

			Nine Months Ended September 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			141						50						195						386
Loan losses:
Charge-offs			(155)						—						(186)						(341)
Recoveries			44						—						32						76
Net loan (losses) recoveries			(111)						—						(154)						(265)
Allowance for loan losses, September 30, 2023			692						168						687						1,547
Reserve for unfunded credit commitments, January 1, 2023			72						21						25						118
Provision for (benefit from) unfunded credit losses			18						(2)						(4)						12
Reserve for unfunded credit commitments, September 30, 2023			90						19						21						130
Allowance for credit losses, September 30, 2023			$	782					$	187					$	708					$	1,677

			Nine Months Ended September 30, 2022
			Commercial						Investor Real Estate						Consumer						Total
			(In millions)
Allowance for loan losses, January 1, 2022			$	682					$	79					$	718					$	1,479
Provision for loan losses			15						19						99						133
Loan losses:
Charge-offs			(68)						—						(214)						(282)
Recoveries			39						1						48						88
Net loan (losses) recoveries			(29)						1						(166)						(194)
Allowance for loan losses, September 30, 2022			668						99						651						1,418
Reserve for unfunded credit commitments, January 1, 2022			58						8						29						95
Provision for unfunded credit losses			9						9						8						26
Reserve for unfunded credit commitments, September 30, 2022			67						17						37						121
Allowance for credit losses, September 30, 2022			$	735					$	116					$	688					$	1,539

_____

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

			September 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			$	6,777		$	10,120		$	5,604		$	2,561		$	1,567		$	3,464					$	19,069					$	—					$	(84)					$	49,078
Special Mention			25			273			62			36			15			40						458						—						—						909
Substandard Accrual			177			219			112			44			22			4						678						—						—						1,256
Non-accrual			78			58			27			11			22			7						158						—						—						361
Total commercial and industrial			$	7,057		$	10,670		$	5,805		$	2,652		$	1,626		$	3,515					$	20,363					$	—					$	(84)					$	51,604
Gross charge-offs			$	3		$	49		$	47		$	22		$	12		$	12					$	9					$	—					$	—					$	154
Commercial real estate mortgage—owner-occupied:
Risk rating:
Pass			$	541		$	954		$	1,026		$	714		$	375		$	875					$	86					$	—					$	(6)					$	4,565
Special Mention			10			29			32			32			8			23						3						—						—						137
Substandard Accrual			8			22			27			9			12			9						1						—						—						88
Non-accrual			8			2			11			9			3			10						—						—						—						43
Total commercial real estate mortgage—owner-occupied:			$	567		$	1,007		$	1,096		$	764		$	398		$	917					$	90					$	—					$	(6)					$	4,833
Gross charge-offs			$	1		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	1
Commercial real estate construction—owner-occupied:
Risk rating:
Pass			$	43		$	84		$	47		$	24		$	12		$	39					$	1					$	—					$	—					$	250
Special Mention			—			7			—			—			—			1						—						—						—						8
Substandard Accrual			—			1			—			—			—			1						—						—						—						2
Non-accrual			2			—			—			3			1			4						—						—						—						10
Total commercial real estate construction—owner-occupied:			$	45		$	92		$	47		$	27		$	13		$	45					$	1					$	—					$	—					$	270
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—
Total commercial			$	7,669		$	11,769		$	6,948		$	3,443		$	2,037		$	4,477					$	20,454					$	—					$	(90)					$	56,707
Gross commercial charge-offs			$	4		$	49		$	47		$	22		$	12		$	12					$	9					$	—					$	—					$	155
Commercial investor real estate mortgage:
Risk rating:
Pass			$	851		$	1,738		$	1,075		$	631		$	341		$	192					$	420					$	—					$	(4)					$	5,244
Special Mention			51			317			85			21			17			3						70						—						—						564
Substandard Accrual			111			155			31			49			68			43						2						—						—						459
Non-accrual			101			—			37			—			12			19						—						—						—						169
Total commercial investor real estate mortgage			$	1,114		$	2,210		$	1,228		$	701		$	438		$	257					$	492					$	—					$	(4)					$	6,436
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—
Commercial investor real estate construction:
Risk rating:
Pass			$	232		$	796		$	423		$	25		$	1		$	1					$	677					$	—					$	(15)					$	2,140
Special Mention			—			101			—			—			—			—						34						—						—						135
Substandard Accrual			—			2			—			18			—			—						6						—						—						26
Non-accrual			—			—			—			—			—			—						—						—						—						—
Total commercial investor real estate construction			$	232		$	899		$	423		$	43		$	1		$	1					$	717					$	—					$	(15)					$	2,301
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—
Total investor real estate			$	1,346		$	3,109		$	1,651		$	744		$	439		$	258					$	1,209					$	—					$	(19)					$	8,737
Gross investor real estate charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—

			September 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			$	1,617		$	2,805		$	4,414		$	4,480		$	821		$	2,441					$	—					$	—					$	—					$	16,578
681-720			193			315			364			261			68			297						—						—						—						1,498
620-680			70			164			162			111			46			285						—						—						—						838
Below 620			13			77			107			83			51			390						—						—						—						721
Data not available			26			17			50			45			12			98						1						—						175						424
Total residential first mortgage			$	1,919		$	3,378		$	5,097		$	4,980		$	998		$	3,511					$	1					$	—					$	175					$	20,059
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	1					$	—					$	—					$	—					$	1
Home equity lines:
FICO scores:
Above 720			$	—		$	—		$	—		$	—		$	—		$	—					$	2,423					$	45					$	—					$	2,468
681-720			—			—			—			—			—			—						336						11						—						347
620-680			—			—			—			—			—			—						192						10						—						202
Below 620			—			—			—			—			—			—						94						7						—						101
Data not available			—			—			—			—			—			—						86						4						32						122
Total home equity lines			$	—		$	—		$	—		$	—		$	—		$	—					$	3,131					$	77					$	32					$	3,240
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	3					$	—					$	—					$	3
Home equity loans:
FICO scores:
Above 720			$	235		$	388		$	410		$	216		$	99		$	566					$	—					$	—					$	—					$	1,914
681-720			37			65			56			22			15			65						—						—						—						260
620-680			12			26			22			9			9			55						—						—						—						133
Below 620			2			8			10			4			7			36						—						—						—						67
Data not available			—			3			5			3			3			24						—						—						16						54
Total home equity loans			$	286		$	490		$	503		$	254		$	133		$	746					$	—					$	—					$	16					$	2,428
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	1					$	—					$	—					$	—					$	1
Consumer credit card:
FICO scores:
Above 720			$	—		$	—		$	—		$	—		$	—		$	—					$	725					$	—					$	—					$	725
681-720			—			—			—			—			—			—						245						—						—						245
620-680			—			—			—			—			—			—						204						—						—						204
Below 620			—			—			—			—			—			—						89						—						—						89
Data not available			—			—			—			—			—			—						14						—						(16)						(2)
Total consumer credit card			$	—		$	—		$	—		$	—		$	—		$	—					$	1,277					$	—					$	(16)					$	1,261
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	38					$	—					$	—					$	38
Other consumer—exit portfolios:
FICO scores:
Above 720			$	—		$	—		$	—		$	—		$	74		$	159					$	—					$	—					$	—					$	233
681-720			—			—			—			—			22			38						—						—						—						60
620-680			—			—			—			—			13			26						—						—						—						39
Below 620			—			—			—			—			5			16						—						—						—						21
Data not available			—			—			—			—			—			3						—						—						—						3
Total Other consumer- exit portfolios			$	—		$	—		$	—		$	—		$	114		$	242					$	—					$	—					$	—					$	356
Gross charge-offs			$	—		$	—		$	—		$	—		$	4		$	7					$	—					$	—					$	—					$	11

			September 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			$	1,088		$	1,625		$	533		$	303		$	165		$	130					$	116					$	—					$	—					$	3,960
681-720			208			438			150			81			37			32						66						—						—						1,012
620-680			137			323			113			55			25			22						55						—						—						730
Below 620			40			142			67			32			15			16						27						—						—						339
Data not available			66			7			5			5			118			68						3						—						(159)						113
Total other consumer			$	1,539		$	2,535		$	868		$	476		$	360		$	268					$	267					$	—					$	(159)					$	6,154
Gross charge-offs			$	38		$	40		$	25		$	13		$	7		$	9					$	—					$	—					$	—					$	132
Total consumer loans			$	3,744		$	6,403		$	6,468		$	5,710		$	1,605		$	4,767					$	4,676					$	77					$	48					$	33,498
Gross consumer charge-offs			$	38		$	40		$	25		$	13		$	11		$	18					$	41					$	—					$	—					$	186
Total Loans			$	12,759		$	21,281		$	15,067		$	9,897		$	4,081		$	9,502					$	26,339					$	77					$	(61)					$	98,942
Total Gross charge-offs			$	42		$	89		$	72		$	35		$	23		$	30					$	50					$	—					$	—					$	341

			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 nine months ended September 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 September 30, 2023 and December 31, 2022. Loans on non-accrual status with no related allowance totaled $225 million comprised of commercial and investor real estate loans at September 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.

			September 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					$	15					$	13					$	65					$	51,243					$	361					$	51,604
Commercial real estate mortgage—owner-occupied			5						2						1						8						4,790						43						4,833
Commercial real estate construction—owner-occupied			—						—						—						—						260						10						270
Total commercial			42						17						14						73						56,293						414						56,707
Commercial investor real estate mortgage			115						—						—						115						6,267						169						6,436
Commercial investor real estate construction			—						—						—						—						2,301						—						2,301
Total investor real estate			115						—						—						115						8,568						169						8,737
Residential first mortgage			97						41						81						219						20,035						24						20,059
Home equity lines			19						14						16						49						3,211						29						3,240
Home equity loans			7						4						7						18						2,422						6						2,428
Consumer credit card			11						7						17						35						1,261												1,261
Other consumer—exit portfolios			4						2						1						7						356						—						356
Other consumer			52						28						27						107						6,154						—						6,154
Total consumer			190						96						149						435						33,439						59						33,498
			$	347					$	113					$	163					$	623					$	98,300					$	642					$	98,942

			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 three and nine months ended September 30, 2023. During the periods presented, the Company did not make any modifications of principal forgiveness.

									Three Months Ended September 30, 2023
									Term Extension															Payment Deferral															Term Extension and Interest Rate Modification									Term Extension and Payment Deferral															Total
												$			%(1)															$			%(1)															$			%(1)						$			%(1)															$			%(1)
									(Dollars in millions)
Commercial and industrial												$	197		0.38		%													$	9		0.02		%													$	—		—		%				$	48		0.09		%													$	254		0.49		%
Commercial real estate mortgage—owner-occupied												3			0.06		%													—			—		%													—			—		%				—			—		%													3			0.06		%
Total commercial												200			0.35		%													9			0.02		%													—			—		%				48			0.08		%													257			0.45		%
Commercial investor real estate mortgage												89			1.39		%													—			—		%													—			—		%				—			—		%													89			1.39		%
Commercial investor real estate construction												2			0.08		%													—			—		%													—			—		%				—			—		%													2			0.08		%
Total investor real estate												91			1.04		%													—			—		%													—			—		%				—			—		%													91			1.04		%
Residential first mortgage												25			0.12		%													2			0.01		%													1			0.01		%				—			—		%													28			0.14		%
Home equity lines												—			—		%													—			—		%													2			0.04		%				—			—		%													2			0.05		%
Home equity loans												1			0.04		%													—			—		%													1			0.05		%				—			—		%													2			0.09		%
Total consumer												26			0.08		%													2			0.01		%													4			0.01		%				—			—		%													32			0.10		%
Total												$	317		0.32		%													$	11		0.01		%													$	4		—		%				$	48		0.05		%													$	380		0.38		%

									Nine Months Ended September 30, 2023
									Term Extension															Payment Deferral															Term Extension and Interest Rate Modification									Term Extension and Payment Deferral															Total
												$			%(1)															$			%(1)															$			%(1)						$			%(1)															$			%(1)
									(Dollars in millions)
Commercial and industrial												$	255		0.49		%													$	148		0.29		%													$	—		—		%				$	48		0.09		%													$	451		0.87		%
Commercial real estate mortgage—owner-occupied												9			0.18		%													—			—		%													—			—		%				—			—		%													9			0.18		%
Commercial real estate construction—owner-occupied												2			0.71		%													—			—		%													—			—		%				—			—		%													2			0.86		%
Total commercial												266			0.47		%													148			0.26		%													—			—		%				48			0.08		%													462			0.81		%
Commercial investor real estate mortgage												151			2.35		%													—			—		%													—			—		%				—			—		%													151			2.35		%
Commercial investor real estate construction												2			0.08		%													—			—		%													—			—		%				—			—		%													2			0.08		%
Total investor real estate												153			1.75		%													—			—		%													—			—		%				—			—		%													153			1.75		%
Residential first mortgage												72			0.36		%													3			0.01		%													3			0.02		%				—			—		%													78			0.39		%
Home equity lines												1			0.02		%													—			—		%													2			0.08		%				—			—		%													3			0.10		%
Home equity loans												3			0.13		%													—			—		%													4			0.15		%				—			—		%													7			0.29		%
Total consumer												76			0.23		%													3			0.01		%													9			0.03		%				—			—		%													88			0.26		%
Total												$	495		0.45		%													$	151		0.15		%													$	9		0.01		%				$	48		0.05		%													$	703		0.71		%

____

(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 September 30, 2023
			Term Extension						Payment Deferral						Term Extension and Interest Rate Modification												Term Extension and Payment Deferral
			Weighted-Average Term Extension						Weighted-Average Payment Deferral						Weighted-Average Term Extension						Weighted-Average Reduction in Interest Rate						Weighted-Average Term Extension						Weighted-Average Payment Deferral
			(In years, except for percentage data)
Commercial and industrial			0.67						0.25						—						—						2						2
Commercial real estate mortgage—owner-occupied			0.92						—						—						—						—						—
Commercial investor real estate mortgage			0.58						—						—						—						—						—
Commercial investor real estate construction			0.42						—						—						—						—						—
Residential first mortgage			7						0.92						7						1		%				—						—
Home equity lines			—						—						20						2		%				—						—
Home equity loans			12						—						15						2		%				—						—

			Nine Months Ended September 30, 2023
			Term Extension						Payment Deferral						Term Extension and Interest Rate Modification												Term Extension and Payment Deferral
			Weighted-Average Term Extension						Weighted-Average Payment Deferral						Weighted-Average Term Extension						Weighted-Average Reduction in Interest Rate						Weighted-Average Term Extension						Weighted-Average Payment Deferral
			(In years, except for percentage data)
Commercial and industrial			0.75						0.50						—						—						2						2
Commercial real estate mortgage—owner-occupied			0.83						—						—						—						—						—
Commercial real estate construction—owner-occupied			0.25						—						—						—						—						—
Commercial investor real estate mortgage			0.67						—						—						—						—						—
Commercial investor real estate construction			0.42						—						—						—						—						—
Residential first mortgage			6						0.92						7						1		%				—						—
Home equity lines			18						—						19						2		%				—						—
Home equity loans			14						—						15						2		%				—						—

In addition to the financial impacts in the table above, during the nine months ended September 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 the end of period balance of aging and non-accrual performance for modifications to troubled borrowers modified in the three and nine month periods since the adoption of related accounting guidance by portfolio segment and class.

			Three Months Ended September 30, 2023
			Current						30-89 DPD						90+ DPD						Non-Performing Loans						Total
			(In millions)
Commercial and industrial			$	73					$	1					$	—					$	180					$	254
Commercial real estate mortgage—owner-occupied			1						—						—						2						3
Total commercial			74						1						—						182						257
Commercial investor real estate mortgage			40						—						—						49						89
Commercial investor real estate construction			2						—						—						—						2
Total investor real estate			42						—						—						49						91
Residential first mortgage			25						2						—						1						28
Home equity lines			2						—						—						—						2
Home equity loans			1						—						—						1						2
Total consumer			28						2						—						2						32
			$	144					$	3					$	—					$	233					$	380

			Nine Months Ended September 30, 2023
			Current						30-89 DPD						90+ DPD						Non-Performing Loans						Total
			(In millions)
Commercial and industrial			$	258					$	2					$	5					$	186					$	451
Commercial real estate mortgage—owner-occupied			4						—						—						5						9
Commercial real estate construction—owner-occupied			—						—						—						2						2
Total commercial			262						2						5						193						462
Commercial investor real estate mortgage			40						48						—						63						151
Commercial investor real estate construction			2						—						—						—						2
Total investor real estate			42						48						—						63						153
Residential first mortgage			63						10						3						2						78
Home equity lines			3						—						—						—						3
Home equity loans			5						—						—						2						7
Total consumer			71						10						3						4						88
			$	375					$	60					$	8					$	260					$	703

Troubled Debt Restructurings on Financing Receivables

The 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 September 30, 2022
															Financial Impact of Modifications Considered TDRs
			Number of Obligors						Recorded Investment						Increase in Allowance at Modification
			(Dollars in millions)
Commercial and industrial			16						$	55					$	—
Commercial real estate mortgage—owner-occupied			1						—						—
Commercial real estate construction—owner-occupied			—						3						—
Total commercial			17						58						—
Commercial investor real estate mortgage			2						—						—
Commercial investor real estate construction			—						—						—
Total investor real estate			2						—						—
Residential first mortgage			118						16						1
Home equity lines			21						1						1
Home equity loans			45						3						—
Consumer credit card			—						—						—
Other consumer—exit portfolios			—						—						—
Other consumer			2						—						—
Total consumer			184						20						2
			203						$	78					$	2

			Nine Months Ended September 30, 2022
															Financial Impact of Modifications Considered TDRs
			Number of Obligors						Recorded Investment						Increase in Allowance at Modification
			(Dollars in millions)
Commercial and industrial			36						$	115					$	—
Commercial real estate mortgage—owner-occupied			10						3						—
Commercial real estate construction—owner-occupied			—						3						—
Total commercial			46						121						—
Commercial investor real estate mortgage			4						35						—
Commercial investor real estate construction			—						—						—
Total investor real estate			4						35						—
Residential first mortgage			843						116						5
Home equity lines			75						5						3
Home equity loans			155						11						—
Consumer credit card			2						—						—
Other consumer—exit portfolios			—						—						—
Other consumer			4						—						—
Total consumer			1,079						132						8
			1,129						$	288					$	8

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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
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Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
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-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-34

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