XML 22 R12.htm IDEA: XBRL DOCUMENT v3.25.3
Loans And The Allowance For Credit Losses
 9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Loans And The Allowance For Credit Losses
NOTE 4. LOANS AND THE ALLOWANCE FOR CREDIT LOSSES
LOANS
The following table presents the distribution of Regions' loan portfolio by segment and class, net of unearned income:
September 30, 2025December 31, 2024
 (In millions)
Commercial and industrial$49,234 $49,671 
Commercial real estate mortgage—owner-occupied4,835 4,841 
Commercial real estate construction—owner-occupied285 333 
Total commercial54,354 54,845 
Commercial investor real estate mortgage7,122 6,567 
Commercial investor real estate construction1,948 2,143 
Total investor real estate9,070 8,710 
Residential first mortgage19,881 20,094 
Home equity lines3,209 3,150 
Home equity loans2,340 2,390 
Consumer credit card1,437 1,445 
Other consumer (1)
5,834 6,093 
Total consumer32,701 33,172 
Total loans, net of unearned income$96,125 $96,727 
______
(1) Starting in 2025, other consumer loans also includes exit portfolios, which were previously presented separately. The portfolio consists primarily of indirect auto loans, and presentation of prior periods has been conformed accordingly.
ALLOWANCE FOR CREDIT LOSSES
Regions determines the appropriate level of the allowance on a quarterly basis. Refer to Note 1 "Summary of Significant Accounting Policies" in the Annual Report on Form 10-K for the year ended December 31, 2024, for a description of the methodology.
ROLLFORWARD OF ALLOWANCE FOR CREDIT LOSSES
The following tables present analyses of the allowance for credit losses by portfolio segment for three and nine months ended September 30, 2025, and 2024.
Three Months Ended September 30, 2025
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, July 1, 2025$747 $234 $631 $1,612 
Provision for loan losses86 (47)65 104 
Loan losses:
Charge-offs(58)(34)(68)(160)
Recoveries11 2 12 25 
Net loan losses(47)(32)(56)(135)
Allowance for loan losses, September 30, 2025786 155 640 1,581 
Reserve for unfunded credit commitments, July 1, 202599 13 19 131 
Provision for unfunded credit commitments3 (3)1 1 
Reserve for unfunded credit commitments, September 30, 2025102 10 20 132 
Allowance for credit losses, September 30, 2025$888 $165 $660 $1,713 
 Three Months Ended September 30, 2024
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, July 1, 2024$736 $233 $652 $1,621 
Provision for loan losses47 10 46 103 
Loan losses:
Charge-offs(71)(12)(60)(143)
Recoveries15 — 11 26 
Net loan losses(56)(12)(49)(117)
Allowance for loan losses, September 30, 2024727 231 649 1,607 
Reserve for unfunded credit commitments, July 1, 202485 8 18 111 
Provision for unfunded credit commitments8 2 — 10 
Reserve for unfunded credit commitments, September 30, 202493 10 18 121 
Allowance for credit losses, September 30, 2024$820 $241 $667 $1,728 
 Nine Months Ended September 30, 2025
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, January 1, 2025$743 $240 $630 $1,613 
Provision for loan losses197 (29)171 339 
Loan losses:
Charge-offs(187)(58)(193)(438)
Recoveries33 2 32 67 
Net loan losses(154)(56)(161)(371)
Allowance for loan losses, September 30, 20257861556401,581
Reserve for unfunded credit commitments, January 1, 202591 7 18 116 
Provision for (benefit from) unfunded credit losses11 3 2 16 
Reserve for unfunded credit commitments, September 30, 2025102 10 20 132 
Allowance for credit losses, September 30, 2025$888 $165 $660 $1,713 
Nine Months Ended September 30, 2024
CommercialInvestor Real
Estate		ConsumerTotal
(In millions)
Allowance for loan losses, January 1, 2024$722 $192 $662 $1,576 
Provision for loan losses166 54 150 370 
Loan losses:
Charge-offs(194)(17)(196)(407)
Recoveries33 2 33 68 
Net loan losses(161)(15)(163)(339)
Allowance for loan losses, September 30, 20247272316491,607
Reserve for unfunded credit commitments, January 1, 202492 13 19 124 
Provision for (benefit from) unfunded credit losses1 (3)(1)(3)
Reserve for unfunded credit commitments, September 30, 202493 10 18 121 
Allowance for credit losses, September 30, 2024$820 $241 $667 $1,728 
PORTFOLIO SEGMENT RISK FACTORS
Regions' portfolio segments are commercial, investor real estate, and consumer. Classes within each segment present unique credit risks. Refer to Note 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2024 for information regarding Regions' portfolio segments and related classes, as well as the risks specific to each.
CREDIT QUALITY INDICATORS
The commercial and investor real estate portfolio segments' primary credit quality indicator is internal risk ratings which are detailed by categories related to underlying credit quality and probability of default. Regions assigns these risk ratings at loan origination and reviews the relationship utilizing a risk-based approach on, at minimum, an annual basis or at any time management becomes aware of information affecting the borrowers' ability to fulfill their obligations. Both quantitative and qualitative factors are considered in this review process. Refer to Note 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2024 for information regarding commercial risk ratings.
Regions' consumer portfolio segment has various classes that present unique credit risks. Regions considers factors such as periodic updates of FICO scores, accrual status, days past due status, unemployment rates, home prices, and geography as credit quality indicators for the consumer loan portfolio. FICO scores are obtained at origination as part of Regions' formal underwriting process. Refreshed FICO scores are obtained by the Company quarterly for most consumer loans, including residential first mortgage loans. Current FICO data is not available for certain loans in the portfolio for various reasons; for example, if customers do not use sufficient credit, an updated score may not be available. These categories are utilized to develop the associated allowance for credit losses. The higher the FICO score the less probability of default and vice versa.
The following tables present applicable credit quality indicators for the loan portfolio segments and classes, excluding loans held for sale and gross charge-offs, by vintage year as of September 30, 2025 and December 31, 2024. Regions defines the vintage date for the purposes of disclosure as the date of the most recent credit decision. In general, renewals that are categorized as new credit decisions reflect the renewal date as the vintage date. 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, 2024 for more information regarding Regions' credit quality indicators.

September 30, 2025
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Other (1)
Total
20252024202320222021Prior
(In millions)
Commercial and industrial:
Risk rating:
   Pass$7,784 $6,535 $3,131 $4,193 $2,100 $3,762 $19,381 $— $301 $47,187 
   Special Mention43 57 182 45 35 12 232 — — 606 
   Substandard Accrual111 54 155 159 14 17 407 — — 917 
   Non-accrual48 96 126 44 33 29 148 — — 524 
Total commercial and industrial$7,986 $6,742 $3,594 $4,441 $2,182 $3,820 $20,168 $— $301 $49,234 
Commercial real estate mortgage—owner-occupied:
Risk rating:
   Pass$554 $720 $614 $750 $690 $1,053 $111 $— $(6)$4,486 
   Special Mention4 7 6 39 28 58 1 — — 143 
   Substandard Accrual31 26 12 21 35 37 3 — — 165 
   Non-accrual1 3 2 3 13 19 — — — 41 
Total commercial real estate mortgage—owner-occupied:$590 $756 $634 $813 $766 $1,167 $115 $— $(6)$4,835 
Commercial real estate construction—owner-occupied:
Risk rating:
   Pass$63 $42 $33 $31 $23 $46 $13 $— $— $251 
   Special Mention— 8 — 8 — — — — — 16 
   Substandard Accrual5 10 — — — 2 — — — 17 
   Non-accrual— — — — — 1 — — — 1 
Total commercial real estate construction—owner-occupied:$68 $60 $33 $39 $23 $49 $13 $— $— $285 
Total commercial$8,644 $7,558 $4,261 $5,293 $2,971 $5,036 $20,296 $— $295 $54,354 
September 30, 2025
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Other (1)
Total
20252024202320222021Prior
(In millions)
Commercial investor real estate mortgage:
Risk rating:
   Pass$2,192 $1,010 $591 $1,063 $367 $203 $521 $— $(5)$5,942 
   Special Mention157 — 98 178 3 2 — — — 438 
   Substandard Accrual216 46 — 160 98 28 57 — — 605 
   Non-accrual15 69 — 44 — 9 — — — 137 
Total commercial investor real estate mortgage$2,580 $1,125 $689 $1,445 $468 $242 $578 $— $(5)$7,122 
Commercial investor real estate construction:
Risk rating:
   Pass$180 $528 $301 $177 $— $1 $700 $— $(11)$1,876 
   Special Mention— 7 — 42 — — — — — 49 
   Substandard Accrual— — — — — — 23 — — 23 
   Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$180 $535 $301 $219 $— $1 $723 $— $(11)$1,948 
Total investor real estate$2,760 $1,660 $990 $1,664 $468 $243 $1,301 $— $(16)$9,070 
Residential first mortgage:
FICO scores:
   Above 720$932 $1,212 $1,799 $2,578 $3,785 $6,132 $— $— $— $16,438 
   681-72072 95 160 207 255 471 — — — 1,260 
   620-68035 49 80 124 138 372 — — — 798 
   Below 6206 38 97 164 169 534 — — — 1,008 
   Data not available25 27 15 14 31 93 2 — 170 377 
Total residential first mortgage$1,070 $1,421 $2,151 $3,087 $4,378 $7,602 $2 $— $170 $19,881 
Home equity lines:
FICO scores:
   Above 720$— $— $— $— $— $— $2,425 $59 — $2,484 
   681-720— — — — — — 343 12 — 355 
   620-680— — — — — — 198 14 — 212 
   Below 620— — — — — — 116 9 — 125 
   Data not available— — — — — — 1 — 32 33 
Total home equity lines$— $— $— $— $— $— $3,083 $94 $32 $3,209 
Home equity loans:
FICO scores:
   Above 720$245 $277 $217 $267 $286 $524 $— $— $— $1,816 
   681-72046 44 34 43 33 62 — — — 262 
   620-68014 20 19 22 21 54 — — — 150 
   Below 6201 8 13 16 16 43 — — — 97 
   Data not available— — — — — — — — 15 15 
Total home equity loans$306 $349 $283 $348 $356 $683 $— $— $15 $2,340 
Consumer credit card:
FICO scores:
Above 720$— $— $— $— $— $— $820 $— $— $820 
681-720— — — — — — 276 — — 276 
620-680— — — — — — 238 — — 238 
Below 620— — — — — — 119 — — 119 
Data not available— — — — — — 5 — (21)(16)
Total consumer credit card$— $— $— $— $— $— $1,458 $— $(21)$1,437 
September 30, 2025
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Other (1)
Total
20252024202320222021Prior
(In millions)
Other consumer(2):
FICO scores:
   Above 720$577 $671 $841 $1,167 $352 $362 $113 $— $— $4,083 
   681-72094 117 150 232 77 66 60 — — 796 
   620-68047 69 85 163 53 46 48 — — 511 
   Below 62010 25 49 109 36 28 31 — — 288 
   Data not available79 3 4 9 5 143 — — (87)156 
Total other consumer$807 $885 $1,129 $1,680 $523 $645 $252 $— $(87)$5,834 
Total consumer loans$2,183 $2,655 $3,563 $5,115 $5,257 $8,930 $4,795 $94 $109 $32,701 
Total Loans$13,587 $11,873 $8,814 $12,072 $8,696 $14,209 $26,392 $94 $388 $96,125 
December 31, 2024
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Other (1)
Total
20242023202220212020Prior
(In millions)
Commercial and industrial:
Risk rating:
   Pass$8,285 $4,798 $6,295 $3,284 $1,526 $3,446 $19,165 $— $114 $46,913 
   Special Mention59 309 173 61 3 41 460 — — 1,106 
   Substandard Accrual81 179 255 79 32 84 534 — — 1,244 
   Non-accrual48 90 124 37 5 6 98 — — 408 
Total commercial and industrial$8,473 $5,376 $6,847 $3,461 $1,566 $3,577 $20,257 $— $114 $49,671 
Commercial real estate mortgage—owner-occupied:
Risk rating:
   Pass$794 $695 $796 $785 $522 $808 $87 $— $(5)$4,482 
   Special Mention5 21 57 33 9 57 2 — — 184 
   Substandard Accrual4 6 37 40 15 33 3 — — 138 
   Non-accrual2 2 5 14 4 9 1 — — 37 
Total commercial real estate mortgage—owner-occupied:$805 $724 $895 $872 $550 $907 $93 $— $(5)$4,841 
Commercial real estate construction—owner-occupied:
Risk rating:
   Pass$131 $54 $38 $30 $20 $37 $7 $— $— $317 
   Special Mention— 6 1 — — — — — — 7 
   Substandard Accrual— — 3 — 1 — — — — 4 
   Non-accrual— — — — 1 4 — — — 5 
Total commercial real estate construction—owner-occupied:$131 $60 $42 $30 $22 $41 $7 $— $— $333 
Total commercial$9,409 $6,160 $7,784 $4,363 $2,138 $4,525 $20,357 $— $109 $54,845 
Commercial investor real estate mortgage:
Risk rating:
   Pass$1,598 $464 $1,753 $747 $322 $125 $314 $— $(2)$5,321 
   Special Mention173 12 209 30 11 1 4 — — 440 
   Substandard Accrual76 — 131 39 28 2 107 — — 383 
   Non-accrual167 93 113 — — 50 — — — 423 
Total commercial investor real estate mortgage$2,014 $569 $2,206 $816 $361 $178 $425 $— $(2)$6,567 
December 31, 2024
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Other (1)
Total
20242023202220212020Prior
Commercial investor real estate construction:
Risk rating:
   Pass$300 $380 $443 $— $— $2 $694 $— $(13)$1,806 
   Special Mention— 32 218 — — — 76 — — 326 
   Substandard Accrual— — — — — — 11 — — 11 
   Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$300 $412 $661 $— $— $2 $781 $— $(13)$2,143 
Total investor real estate$2,314 $981 $2,867 $816 $361 $180 $1,206 $— $(15)$8,710 
Residential first mortgage:
FICO scores:
   Above 720$1,111 $1,967 $2,742 $4,055 $4,004 $2,730 $— $— $— $16,609 
   681-720107 185 253 289 222 305 — — — 1,361 
   620-68056 87 141 136 99 283 — — — 802 
   Below 62015 73 138 150 100 419 — — — 895 
   Data not available29 31 16 41 46 90 2 — 172 427 
Total residential first mortgage$1,318 $2,343 $3,290 $4,671 $4,471 $3,827 $2 $— $172 $20,094 
Home equity lines:
FICO scores:
   Above 720$— $— $— $— $— $— $2,341 $48 $— $2,389 
   681-720— — — — — — 339 12 — 351 
   620-680— — — — — — 176 11 — 187 
   Below 620— — — — — — 96 7 — 103 
   Data not available— — — — — — 81 5 34 120 
Total home equity lines$— $— $— $— $— $— $3,033 $83 $34 $3,150 
Home equity loans:
FICO scores:
   Above 720$328 $263 $308 $329 $163 $472 $— $— $— $1,863 
   681-72051 40 49 39 16 56 — — — 251 
   620-68018 19 23 21 9 48 — — — 138 
   Below 6203 7 14 13 5 37 — — — 79 
   Data not available1 1 4 7 4 26 — — 16 59 
Total home equity loans$401 $330 $398 $409 $197 $639 $— $— $16 $2,390 
Consumer credit card:
FICO scores:
Above 720$— $— $— $— $— $— $847 $— $— $847 
681-720— — — — — — 270 — 270 
620-680— — — — — — 224 — — 224 
Below 620— — — — — — 108 — — 108 
Data not available— — — — — — 18 — (22)(4)
Total consumer credit card$— $— $— $— $— $— $1,467 $— $(22)$1,445 
December 31, 2024
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Other (1)
Total
20242023202220212020Prior
Other consumer(2):
FICO scores:
   Above 720$898 $1,016 $1,337 $417 $232 $213 $117 $— $— $4,230 
   681-720160 191 275 97 49 40 62 — — 874 
   620-68082 111 191 64 31 25 50 — — 554 
   Below 62016 47 117 43 19 17 31 — — 290 
   Data not available71 4 10 6 5 155 2 — (108)145 
Total other consumer$1,227 $1,369 $1,930 $627 $336 $450 $262 $— $(108)$6,093 
Total consumer loans$2,946 $4,042 $5,618 $5,707 $5,004 $4,916 $4,764 $83 $92 $33,172 
Total Loans$14,669 $11,183 $16,269 $10,886 $7,503 $9,621 $26,327 $83 $186 $96,727 
________
(1)Other consists of amounts that are not accounted for at the loan level.
(2)Other consumer class includes overdrafts which are included in the current vintage year. Starting in 2025, other consumer loans also includes exit portfolios, which were previously presented separately. The portfolio consists primarily of indirect auto loans, and presentation of prior periods has been conformed accordingly.
The following tables present gross charge-offs by vintage year for the nine months ended September 30, 2025 and 2024.
Nine Months Ended September 30, 2025
Term LoansRevolving LoansTotal
20252024202320222021Prior
(In millions)
Commercial and industrial$1 $22 $26 $51 $8 $2 $74 $184 
Commercial real estate mortgage—owner-occupied— — — — 1 2 — 3 
Total commercial1 22 26 51 9 4 74 187 
Commercial investor real estate mortgage3 19 23 7 — 5 1 58 
Total investor real estate3 19 23 7 — 5 1 58 
Residential first mortgage— — — 2 — — — 2 
Home equity lines— — — — — — 1 1 
Consumer credit card— — — — — — 50 50 
Other consumer(1)
32 20 20 34 12 14 8 140 
Total consumer32 20 20 36 12 14 59 193 
Total gross charge-offs$36 $61 $69 $94 $21 $23 $134 $438 
Nine Months Ended September 30, 2024
Term LoansRevolving LoansTotal
20242023202220212020Prior
(In millions)
Commercial and industrial$6 $52 $51 $12 $6 $9 $56 $192 
Commercial real estate mortgage—owner-occupied— — — 1 — 1 — 2 
Total commercial6 52 51 13 6 10 56 194 
Commercial investor real estate mortgage— — 6 5 — 6 — 17 
Total investor real estate— — 6 5 — 6 — 17 
Residential first mortgage— — — — — 1 — 1 
Home equity lines— — — — — — 3 3 
Consumer credit card— — — — — — 47 47 
Other consumer(1)
28 30 46 15 7 12 7 145 
Total consumer28 30 46 15 7 13 57 196 
Total gross charge-offs$34 $82 $103 $33 $13 $29 $113 $407 
______
(1)Other consumer class includes overdraft gross charge-offs. The majority of overdraft gross charge-offs for the nine months ended September 30, 2025 and 2024 are included in the current vintage year. Starting in 2025, other consumer loans also includes exit portfolios, which were previously presented separately. The portfolio consists primarily of indirect auto loans, and presentation of prior periods has been conformed accordingly.
AGING AND NON-ACCRUAL ANALYSIS
The following tables include an aging analysis of DPD and loans on non-accrual status for each portfolio segment and class as of September 30, 2025 and December 31, 2024. Loans on non-accrual status with no related allowance totaled $173 million and $119 million and were comprised of commercial and investor real estate loans at September 30, 2025 and December 31, 2024, respectively. 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, 2025
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$43 $20 $4 $67 $48,710 $524 $49,234 
Commercial real estate mortgage—owner-occupied7 3 2 12 4,794 41 4,835 
Commercial real estate construction—owner-occupied— — — — 284 1 285 
Total commercial50 23 6 79 53,788 566 54,354 
Commercial investor real estate mortgage28 — — 28 6,985 137 7,122 
Commercial investor real estate construction— — — — 1,948 — 1,948 
Total investor real estate28 — — 28 8,933 137 9,070 
Residential first mortgage119 75 132 326 19,857 24 19,881 
Home equity lines20 8 14 42 3,185 24 3,209 
Home equity loans9 5 7 21 2,333 7 2,340 
Consumer credit card12 8 20 40 1,437 — 1,437 
Other consumer(1)
44 24 23 91 5,834 — 5,834 
Total consumer204 120 196 520 32,646 55 32,701 
$282 $143 $202 $627 $95,367 $758 $96,125 
 
 December 31, 2024
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$51 $18 $7 $76 $49,263 $408 $49,671 
Commercial real estate mortgage—owner-occupied4 1 1 6 4,804 37 4,841 
Commercial real estate construction—owner-occupied— — — — 328 5 333 
Total commercial55 19 8 82 54,395 450 54,845 
Commercial investor real estate mortgage— — — — 6,144 423 6,567 
Commercial investor real estate construction— — — — 2,143 — 2,143 
Total investor real estate— — — — 8,287 423 8,710 
Residential first mortgage139 78 143 360 20,071 23 20,094 
Home equity lines15 9 16 40 3,124 26 3,150 
Home equity loans11 6 7 24 2,384 6 2,390 
Consumer credit card11 9 20 40 1,445 — 1,445 
Other consumer(1)
51 26 27 104 6,093 — 6,093 
Total consumer227 128 213 568 33,117 55 33,172 
$282 $147 $221 $650 $95,799 $928 $96,727 
_____
(1) Starting in 2025, other consumer loans also includes exit portfolios, which were previously presented separately. The portfolio consists primarily of indirect auto loans, and presentation of prior periods has been conformed accordingly.
At September 30, 2025 and December 31, 2024, the Company had collateral-dependent commercial loans of $381 million and $264 million, respectively. At September 30, 2025 and December 31, 2024, the Company had collateral-dependent investor real estate loans of $134 million and $323 million, respectively. The collateral for commercial and investor real estate loans generally consists of all business assets including real estate, receivables and equipment. At September 30, 2025 and December 31, 2024, the Company had collateral-dependent residential mortgage and home equity loans and lines totaling $117 million and $115 million, respectively. The collateral for these loans are secured by residential real estate. Refer to Note 1 "Summary of Significant Accounting Policies" in the Annual Report on Form 10-K for the year ended December 31, 2024 for additional details for the criteria of collateral-dependent loans.
MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY
Modifications to troubled borrowers are loans where the borrower is experiencing financial difficulty at the time of modification and are undertaken in order to improve the likelihood of repayment. Refer to Note 1 "Summary of Significant Accounting Policies" in the Annual Report on Form 10-K for the year ended December 31, 2024 for additional information.
For each portfolio segment and class, the following tables present the end of period balances 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 and nine months ended September 30, 2025 and 2024.
Three Months Ended September 30, 2025
Term ExtensionTerm Extension and Interest Rate ModificationTotal
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$27 0.06 %$— — %$27 0.06 %
Commercial real estate mortgage—owner-occupied3 0.05 %— — %3 0.05 %
Total commercial30 0.05 %— — %30 0.06 %
Residential first mortgage50 0.25 %5 0.02 %55 0.28 %
Home equity lines— — %2 0.05 %2 0.05 %
Home equity loans1 0.03 %1 0.06 %2 0.09 %
Total consumer51 0.15 %8 0.02 %59 0.18 %
Total$81 0.08 %$8 0.01 %$89 0.09 %
Three Months Ended September 30, 2024
Term Extension
Payment DeferralTerm Extension and Interest Rate ModificationOtherTotal
$
%(1)
$
%(1)
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$21 0.04 %$— — %$33 0.07 %$— — %$54 0.11 %
Commercial real estate mortgage—owner-occupied2 0.04 %— — %— — %— — %2 0.04 %
Total commercial23 0.04 %— — %33 0.06 %— — %56 0.10 %
Commercial investor real estate mortgage72 1.10 %— — %— — %29 0.44 %101 1.54 %
Total investor real estate72 0.82 %— — %— — %29 0.33 %101 1.14 %
Residential first mortgage37 0.18 %1 0.01 %2 0.01 %— — %40 0.20 %
Home equity lines— — %— — %4 0.13 %— — %4 0.13 %
Home equity loans1 0.05 %— — %2 0.08 %— — %3 0.13 %
Total consumer38 0.11 %1 — %8 0.02 %— — %47 0.14 %
Total$133 0.14 %$1 — %$41 0.04 %$29 0.03 %$204 0.21 %
Nine Months Ended September 30, 2025
Term ExtensionPayment DeferralTerm Extension and Interest Rate ModificationTotal
$
%(1)
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$105 0.21 %$— — %$— — %$105 0.21 %
Commercial real estate mortgage—owner-occupied3 0.07 %— — %— — %3 0.07 %
Total commercial108 0.20 %— — %— — %108 0.20 %
Commercial investor real estate mortgage77 1.07 %— — %— — %77 1.07 %
Total investor real estate77 0.84 %— — %— — %77 0.84 %
Residential first mortgage162 0.81 %3 0.01 %14 0.07 %179 0.90 %
Home equity lines1 0.02 %— — %5 0.14 %6 0.17 %
Home equity loans3 0.11 %— — %4 0.19 %7 0.30 %
Total consumer166 0.51 %3 0.01 %23 0.07 %192 0.58 %
Total$351 0.36 %$3 — %$23 0.02 %$377 0.39 %
Nine Months Ended September 30, 2024
Term ExtensionPayment DeferralTerm Extension and Interest Rate ModificationOtherTotal
$
%(1)
$
%(1)
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$51 0.10 %$— — %$33 0.07 %$— — %$84 0.17 %
Commercial real estate mortgage—owner-occupied4 0.08 %— — %— — %— — %4 0.09 %
Total commercial55 0.10 %— — %33 0.06 %— — %88 0.16 %
Commercial investor real estate mortgage99 1.51 %— — %— — %29 0.44 %128 1.95 %
Total investor real estate99 1.13 %— — %— — %29 0.33 %128 1.46 %
Residential first mortgage115 0.57 %2 0.01 %4 0.02 %— — %121 0.60 %
Home equity lines— 0.01 %— — %7 0.21 %— — %7 0.22 %
Home equity loans3 0.13 %— — %6 0.24 %— — %9 0.37 %
Total consumer118 0.36 %2 0.01 %17 0.05 %— — %137 0.41 %
Total$272 0.28 %$2 — %$50 0.05 %$29 0.03 %$353 0.36 %
____
(1) Amounts calculated based upon whole dollar values.
The end of period balance of unfunded commitments related to modifications to troubled borrowers was $118 million and $71 million at September 30, 2025 and December 31, 2024, respectively.
The following tables present the financial impact of modifications to troubled borrowers during the three and nine months ended September 30, 2025 and 2024 by class of financing receivable and the type of modification. The tables include new modifications to troubled borrowers, as well as renewals of existing modifications to troubled borrowers.
Three Months Ended September 30, 2025
Term ExtensionTerm Extension and Interest Rate Modification
Weighted-Average Term Extension Weighted-Average Term Extension Weighted-Average Reduction in Interest Rate
(In years, except for percentage data)
Commercial and industrial0.92— — 
Commercial real estate mortgage—owner-occupied0.75— — 
Residential first mortgage66less than 1%
Home equity lines— 251 %
Home equity loans7213 %
Three Months Ended September 30, 2024
Term ExtensionPayment DeferralTerm Extension and Interest Rate Modification
Weighted-Average Term Extension Weighted-Average Payment Deferral Weighted-Average Term Extension Weighted-Average Reduction in Interest Rate
(In years, except for percentage data)
Commercial and industrial1.08— 1.17less than 2%
Commercial real estate mortgage—owner-occupied1.42— — — 
Commercial investor real estate construction0.17— — — 
Residential first mortgage70.424less than 1%
Home equity lines— — 242 %
Home equity loans16— 243 %
Nine Months Ended September 30, 2025
Term ExtensionPayment DeferralTerm Extension and Interest Rate Modification
Weighted-Average Term Extension Weighted-Average Payment Deferral Weighted-Average Term Extension Weighted-Average Reduction in Interest Rate
(In years, except for percentage data)
Commercial and industrial0.75— — — 
Commercial real estate mortgage—owner-occupied1.75— — — 
Commercial investor real estate mortgage0.67— — — 
Residential first mortgage70.675less than 1%
Home equity lines29— 261 %
Home equity loans11— 213 %
Nine Months Ended September 30, 2024
Term ExtensionPayment DeferralTerm Extension and Interest Rate Modification
Weighted-Average Term ExtensionWeighted-Average Payment Deferral Weighted-Average Term Extension Weighted-Average Reduction in Interest Rate
(In years, except for percentage data)
Commercial and industrial1.83— 1.17less than 2%
Commercial real estate mortgage—owner-occupied1.00— — — 
Commercial investor real estate mortgage0.75— — — 
Residential first mortgage70.55less than 1%
Home equity lines— — 232 %
Home equity loans12— 252 %
In addition to the financial impacts in the table above, during the three and nine months ended September 30, 2024, the Company had an other modification type in which a commercial investor real estate loan was modified from amortizing to an interest-only structure. Under this structure the interest was extended for an average of two months and principal payments were deferred.
The following tables include the end of period balances of aging and non-accrual performance for modifications to troubled borrowers modified in the previous twelve-month period by portfolio segment and class as of September 30, 2025 and September 30, 2024.
September 30, 2025
Current30-89 DPD90+ DPDNon-Performing LoansTotal
(In millions)
Commercial and industrial$77 $— $— $34 $111 
Commercial real estate mortgage—owner-occupied3 — — 1 4 
Total commercial80 — — 35 115 
Commercial investor real estate mortgage82 — — 53 135 
Total investor real estate82 — — 53 135 
Residential first mortgage155 39 17 7 218 
Home equity lines6 — — 2 8 
Home equity loans8 — — 3 11 
Total consumer169 39 17 12 237 
$331 $39 $17 $100 $487 
September 30, 2024
Current30-89 DPD90+ DPDNon-Performing LoansTotal
(In millions)
Commercial and industrial$101 $— $— $46 $147 
Commercial real estate mortgage—owner-occupied3 — — 2 5 
Total commercial104 — — 48 152 
Commercial investor real estate mortgage103 27 — 134 264 
Total investor real estate103 27 — 134 264 
Residential first mortgage106 20 11 5 142 
Home equity lines7 — — 1 8 
Home equity loans8 1 — 1 10 
Total consumer121 21 11 7 160 
$328 $48 $11 $189 $576 
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. Loans defaulted during the three and nine month periods ended September 30, 2025 that were restructured as modifications to troubled borrowers during the previous twelve months had period-end balances of $26 million and $74 million, respectively. Loans defaulted during the three and nine month periods ended September 30, 2024 that were restructured as modifications to troubled borrowers during the previous twelve months had period-end balances of $49 million and $183 million, respectively.