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Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Analysis Of The Allowance For Credit Losses By Portfolio Segment

			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			205						74						268						547
Loan losses:
Charge-offs			(197)						—						(293)						(490)
Recoveries			52						—						41						93
Net loan (losses) recoveries			(145)						—						(252)						(397)
Allowance for loan losses, December 31, 2023			722						192						662						1,576
Reserve for unfunded credit commitments, January 1, 2023			72						21						25						118
Provision for (benefit from) unfunded credit losses			20						(8)						(6)						6
Reserve for unfunded credit commitments, December 31, 2023			92						13						19						124
Allowance for credit losses, December 31, 2023			$	814					$	205					$	681					$	1,700

			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			40						45						163						248
Loan losses:
Charge-offs			(107)						(5)						(263)						(375)
Recoveries			50						2						60						112
Net loan (losses) recoveries			(57)						(3)						(203)						(263)
Allowance for loan losses, December 31, 2022			665						121						678						1,464
Reserve for unfunded credit commitments, January 1, 2022			58						8						29						95
Provision for (benefit from) unfunded credit losses			14						13						(4)						23
Reserve for unfunded credit commitments, December 31, 2022			72						21						25						118
Allowance for credit losses, December 31, 2022			$	737					$	142					$	703					$	1,582

			2021
			Commercial						Investor Real Estate						Consumer						Total
			(In millions)
Allowance for loan losses, January 1, 2021			$	1,196					$	183					$	788					$	2,167
Provision for (benefit from) loan losses			(445)						(87)						39						(493)
Initial allowance on acquired PCD loans			—						—						9						9
Loan losses:
Charge-offs			(128)						(20)						(180)						(328)
Recoveries			59						3						62						124
Net loan (losses) recoveries			(69)						(17)						(118)						(204)
Allowance for loan losses, December 31, 2021			682						79						718						1,479
Reserve for unfunded credit commitments, January 1, 2021			97						14						15						126
Provision for (benefit from) unfunded credit losses			(39)						(6)						14						(31)
Reserve for unfunded credit commitments, December 31, 2021			58						8						29						95
Allowance for credit losses, December 31, 2021			$	740					$	87					$	747					$	1,574

_____

(1) See Note 1 for additional information.

Financing Receivable Credit Quality Indicators

			December 31, 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			$	8,272		$	9,123		$	5,267		$	2,326		$	1,376		$	3,210					$	18,561					$	—					$	53					$	48,188
Special Mention			87			186			71			109			26			90						484						—						—						1,053
Substandard Accrual			141			212			74			38			7			3						678						—						—						1,153
Non-accrual			128			102			37			6			20			10						168						—						—						471
Total commercial and industrial			$	8,628		$	9,623		$	5,449		$	2,479		$	1,429		$	3,313					$	19,891					$	—					$	53					$	50,865
Gross charge-offs			$	12		$	57		$	55		$	28		$	15		$	16					$	12					$	—					$	—					$	195

			December 31, 2023
			Term Loans																					Revolving Loans						Revolving Loans Converted to Amortizing						Unallocated (1)						Total
			Origination Year
			2023			2022			2021			2020			2019			Prior
			(In millions)
Commercial real estate mortgage—owner-occupied:
Risk rating:
Pass			$	799		$	954		$	988		$	658		$	343		$	801					$	76					$	—					$	(5)					$	4,614
Special Mention			21			13			33			20			7			13						14						—						—						121
Substandard Accrual			3			34			32			14			8			24						1						—						—						116
Non-accrual			4			3			10			8			3			8						—						—						—						36
Total commercial real estate mortgage—owner-occupied:			$	827		$	1,004		$	1,063		$	700		$	361		$	846					$	91					$	—					$	(5)					$	4,887
Gross charge-offs			$	1		$	—		$	—		$	—		$	—		$	1					$	—					$	—					$	—					$	2
Commercial real estate construction—owner-occupied:
Risk rating:
Pass			$	89		$	53		$	44		$	24		$	11		$	38					$	3					$	—					$	—					$	262
Special Mention			—			7			—			—			—			1						—						—						—						8
Substandard Accrual			—			1			—			1			—			1						—						—						—						3
Non-accrual			2			—			—			2			—			4						—						—						—						8
Total commercial real estate construction—owner-occupied:			$	91		$	61		$	44		$	27		$	11		$	44					$	3					$	—					$	—					$	281
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—
Total commercial			$	9,546		$	10,688		$	6,556		$	3,206		$	1,801		$	4,203					$	19,985					$	—					$	48					$	56,033
Gross commercial charge-offs			$	13		$	57		$	55		$	28		$	15		$	17					$	12					$	—					$	—					$	197
Commercial investor real estate mortgage:
Risk rating:
Pass			$	1,130		$	1,587		$	1,135		$	488		$	296		$	110					$	383					$	—					$	(4)					$	5,125
Special Mention			269			247			52			59			30			—						90						—						—						747
Substandard Accrual			134			197			—			67			67			3						32						—						—						500
Non-accrual			99			57			37			—			12			28						—						—						—						233
Total commercial investor real estate mortgage			$	1,632		$	2,088		$	1,224		$	614		$	405		$	141					$	505					$	—					$	(4)					$	6,605
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—
Commercial investor real estate construction:
Risk rating:
Pass			$	256		$	836		$	280		$	26		$	2		$	1					$	649					$	—					$	(15)					$	2,035
Special Mention			—			122			—			—			—			—						59						—						—						181
Substandard Accrual			—			25			—			—			—			—						4						—						—						29
Non-accrual			—			—			—			—			—			—						—						—						—						—
Total commercial investor real estate construction			$	256		$	983		$	280		$	26		$	2		$	1					$	712					$	—					$	(15)					$	2,245
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—
Total investor real estate			$	1,888		$	3,071		$	1,504		$	640		$	407		$	142					$	1,217					$	—					$	(19)					$	8,850
Gross investor real estate charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	—					$	—					$	—					$	—
Residential first mortgage:
FICO scores:
Above 720			$	1,939		$	2,863		$	4,358		$	4,390		$	816		$	2,353					$	—					$	—					$	—					$	16,719
681-720			226			298			355			255			52			294						—						—						—						1,480
620-680			86			153			153			112			43			270						—						—						—						817
Below 620			21			90			122			87			53			389						—						—						—						762
Data not available			33			16			49			46			11			92						1						—						181						429
Total residential first mortgage			$	2,305		$	3,420		$	5,037		$	4,890		$	975		$	3,398					$	1					$	—					$	181					$	20,207
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	1					$	—					$	—					$	—					$	1

			December 31, 2023
			Term Loans																					Revolving Loans						Revolving Loans Converted to Amortizing						Unallocated (1)						Total
			Origination Year
			2023			2022			2021			2020			2019			Prior
			(In millions)
Home equity lines:
FICO scores:
Above 720			$	—		$	—		$	—		$	—		$	—		$	—					$	2,399					$	45					$	—					$	2,444
681-720			—			—			—			—			—			—						346						11						—						357
620-680			—			—			—			—			—			—						184						9						—						193
Below 620			—			—			—			—			—			—						97						7						—						104
Data not available			—			—			—			—			—			—						85						5						33						123
Total home equity lines			$	—		$	—		$	—		$	—		$	—		$	—					$	3,111					$	77					$	33					$	3,221
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	3					$	—					$	—					$	3
Home equity loans:
FICO scores:
Above 720			$	322		$	370		$	397		$	205		$	93		$	529					$	—					$	—					$	—					$	1,916
681-720			53			62			49			22			14			60						—						—						—						260
620-680			19			27			23			8			8			52						—						—						—						137
Below 620			2			8			12			5			7			35						—						—						—						69
Data not available			1			4			5			3			3			25						—						—						16						57
Total home equity loans			$	397		$	471		$	486		$	243		$	125		$	701					$	—					$	—					$	16					$	2,439
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	1					$	—					$	—					$	—					$	1
Consumer credit card:
FICO scores:
Above 720			$	—		$	—		$	—		$	—		$	—		$	—					$	780					$	—					$	—					$	780
681-720			—			—			—			—			—			—						254						—						—						254
620-680			—			—			—			—			—			—						210						—						—						210
Below 620			—			—			—			—			—			—						95						—						—						95
Data not available			—			—			—			—			—			—						20						—						(18)						2
Total consumer credit card			$	—		$	—		$	—		$	—		$	—		$	—					$	1,359					$	—					$	(18)					$	1,341
Gross charge-offs			$	—		$	—		$	—		$	—		$	—		$	—					$	52					$	—					$	—					$	52
Other consumer—exit portfolios:
FICO scores:
Above 720			$	—		$	—		$	—		$	—		$	2		$	22					$	—					$	—					$	—					$	24
681-720			—			—			—			—			1			4						—						—						—						5
620-680			—			—			—			—			—			5						—						—						—						5
Below 620			—			—			—			—			1			7						—						—						—						8
Data not available			—			—			—			—			—			1						—						—						—						1
Total other consumer—exit portfolios			$	—		$	—		$	—		$	—		$	4		$	39					$	—					$	—					$	—					$	43
Gross charge-offs			$	—		$	—		$	—		$	—		$	19		$	31					$	—					$	—					$	—					$	50

			December 31, 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			$	1,312		$	1,519		$	501		$	284		$	155		$	118					$	119					$	—					$	—					$	4,008
681-720			270			409			136			74			34			29						67						—						—						1,019
620-680			178			294			103			50			21			20						53						—						—						719
Below 620			52			147			65			31			14			13						30						—						—						352
Data not available			94			10			7			5			114			65						1						—						(149)						147
Total other consumer			$	1,906		$	2,379		$	812		$	444		$	338		$	245					$	270					$	—					$	(149)					$	6,245
Gross charge-offs			$	59		$	57		$	32		$	17		$	9		$	12					$	—					$	—					$	—					$	186
Total consumer loans			$	4,608		$	6,270		$	6,335		$	5,577		$	1,442		$	4,383					$	4,741					$	77					$	63					$	33,496
Gross consumer charge-offs			$	59		$	57		$	32		$	17		$	28		$	45					$	55					$	—					$	—					$	293
Total Loans			$	16,042		$	20,029		$	14,395		$	9,423		$	3,650		$	8,728					$	25,943					$	77					$	92					$	98,379
Total Gross charge-offs			$	72		$	114		$	87		$	45		$	43		$	62					$	67					$	—					$	—					$	490

			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 twelve months ended December 31, 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 December 31, 2023 and December 31, 2022. Loans on non-accrual status with no related allowance totaled $280 million comprised of commercial and investor real estate loans at December 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.

			2023
			Accrual Loans
			30-59 DPD						60-89 DPD						90+ DPD						Total 30+ DPD						Total Accrual						Non-accrual						Total
			(In millions)
Commercial and industrial			$	43					$	21					$	11					$	75					$	50,394					$	471					$	50,865
Commercial real estate mortgage—owner-occupied			3						2						—						5						4,851						36						4,887
Commercial real estate construction—owner-occupied			—						1						—						1						273						8						281
Total commercial			46						24						11						81						55,518						515						56,033
Commercial investor real estate mortgage			—						—						23						23						6,372						233						6,605
Commercial investor real estate construction			—						—						—						—						2,245						—						2,245
Total investor real estate			—						—						23						23						8,617						233						8,850
Residential first mortgage			104						48						95						247						20,185						22						20,207
Home equity lines			17						10						20						47						3,192						29						3,221
Home equity loans			10						4						7						21						2,433						6						2,439
Consumer credit card			11						8						20						39						1,341						—						1,341
Other consumer—exit portfolios			2						1						—						3						43						—						43
Other consumer			60						31						29						120						6,245						—						6,245
Total consumer			204						102						171						477						33,439						57						33,496
			$	250					$	126					$	205					$	581					$	97,574					$	805					$	98,379

			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 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 in the twelve months ended December 31, 2023. During 2023, the Company did not make any modifications of principal forgiveness.

									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												$	379		0.75		%													$	139		0.27		%													$	—		—		%				$	37		0.07		%													$	555		1.09		%
Commercial real estate mortgage—owner-occupied												3			0.05		%													—			—		%													—			—		%				—			—		%													3			0.06		%
Commercial real estate construction—owner-occupied												2			0.67		%													1			0.15		%													—			—		%				—			—		%													3			0.81		%
Total commercial												384			0.68		%													140			0.25		%													—			—		%				37			0.07		%													561			1.00		%
Commercial investor real estate mortgage												213			3.23		%													—			—		%													—			—		%				—			—		%													213			3.23		%
Total investor real estate												213			2.41		%													—			—		%													—			—		%				—			—		%													213			2.41		%
Residential first mortgage												94			0.46		%													2			0.01		%													3			0.02		%				—			—		%													99			0.49		%
Home equity lines												1			0.02		%													—			—		%													4			0.11		%				—			—		%													5			0.13		%
Home equity loans												4			0.17		%													—			—		%													5			0.18		%				—			—		%													9			0.35		%
Total consumer												99			0.29		%													2			0.01		%													12			0.03		%				—			—		%													113			0.34		%
												$	696		0.71		%													$	142		0.14		%													$	12		0.01		%				$	37		0.04		%													$	887		0.90		%

____

(1) Amounts calculated based upon whole dollar values.

Financial impact of modifications to troubled borrowers

The following table presents the financial impact of modifications to troubled borrowers during 2023 by portfolio segment, class of financing receivable, and the type of modification. The table includes new modifications to troubled borrowers, as well as renewals of existing modifications to troubled borrowers.

			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			1						0.5						—						—						3						3
Commercial real estate mortgage—owner-occupied			1.50						—						—						—						—						—
Commercial real estate construction—owner-occupied			0.25						—						—						—						—						—
Commercial investor real estate mortgage			0.83						—						—						—						—						—
Residential first mortgage			6						0.83						7						1		%				—						—
Home equity lines			18						—						21						1		%				—						—
Home equity loans			14						—						17						2		%				—						—

In addition to the financial impacts in the table above, during the twelve months ended December 31, 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 table includes the end of period balances of aging and non-accrual performance for modifications to troubled borrowers modified in the twelve-month period since the adoption of related accounting guidance by portfolio segment and class.

			2023
			Current						30-89 DPD						90+ DPD						Non-Performing Loans						Total
			(In millions)
Commercial and industrial			$	355					$	—					$	5					$	195					$	555
Commercial real estate mortgage—owner-occupied			1						—						—						2						3
Commercial real estate construction—owner-occupied			—						—						—						3						3
Total commercial			356						—						5						200						561
Commercial investor real estate mortgage			151						—						—						62						213
Total investor real estate			151						—						—						62						213
Residential first mortgage			75						16						5						3						99
Home equity lines			5						—						—						—						5
Home equity loans			6						1						—						2						9
Total consumer			86						17						5						5						113
			$	593					$	17					$	10					$	267					$	887

For modifications to troubled borrowers, a subsequent payment default is defined in terms of delinquency, when a principal or interest payment is 90 days past due or classified as non-accrual status during the reporting period. As of December 31, 2023, subsequent defaults of the loans restructured as a modification to a troubled borrower during the twelve-month period ended December 31, 2023 totaled $116 million.

Troubled Debt Restructurings on Financing Receivables

The following table presents the end of period balance for loans modified in a TDR during the period presented 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.

			Twelve Months Ended December 31, 2022
															Financial Impact of Modifications Considered TDRs
			Number of Obligors						Recorded Investment						Increase in Allowance at Modification
			(Dollars in millions)
Commercial and industrial			50						$	174					$	—
Commercial real estate mortgage—owner-occupied			11						5						—
Commercial real estate construction—owner-occupied			—						3						—
Total commercial			61						182						—
Commercial investor real estate mortgage			5						48						—
Commercial investor real estate construction			—						—						—
Total investor real estate			5						48						—
Residential first mortgage			983						135						6
Home equity lines			94						6						4
Home equity loans			208						14						—
Consumer credit card			4						—						—
Other consumer—exit portfolios			—						—						—
Other consumer			5						—						—
Total consumer			1,294						155						10
			1,360						$	385					$	10

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