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ALLOWANCE FOR LOAN AND LEASE LOSSES | 12 Months Ended
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Dec. 31, 2025
Receivables [Abstract] |
ALLOWANCE FOR LOAN AND LEASE LOSSES | NOTE 6 — ALLOWANCE FOR LOAN AND LEASE LOSSES The ALLL is reported as a separate line item on the Consolidated Balance Sheets, while the reserve for off-balance sheet credit exposure of $260 million and $278 million, at December 31, 2025 and December 31, 2024, respectively, is included in other liabilities. The provision or benefit for credit losses related to (i) loans and leases (ii) off-balance sheet credit exposure, and (iii) other receivables or investment securities available for sale, if any, is reported in the Consolidated Statements of Income as provision or benefit for credit losses. The Initial PCD ALLL for the SVBB Acquisition was established through a PCD Gross-Up and there was no corresponding increase to the provision for credit losses. The PCD Gross-Up is discussed in Note 1—Significant Accounting Policies and Basis of Presentation. The initial ALLL for Non-PCD loans and leases acquired in the SVBB Acquisition was established through a corresponding increase to the Day 2 Provision for Loan and Lease Losses. The ALLL activity for loans and leases is summarized in the following table: Allowance for Loan and Lease Losses
dollars in millions | Year Ended December 31, 2025 |  | Year Ended December 31, 2024 |  | Year Ended December 31, 2023
| Commercial |  | Consumer |  |  |  | Total |  | Commercial |  | Consumer |  |  |  | Total |  | Commercial |  | Consumer |  | Total
Balance at beginning of period | $ | 1,518 |  |  | $ | 158 |  |  |  |  | $ | 1,676 |  |  | $ | 1,581 |  |  | $ | 166 |  |  |  |  | $ | 1,747 |  |  | $ | 789 |  |  | $ | 133 |  |  | $ | 922 |
Initial PCD ALLL | — |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | 217 |  |  | 3 |  |  | 220 |
Day 2 Provision for Loan and Lease Losses | — |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | 419 |  |  | 43 |  |  | 462 |
Provision (benefit) for loan and lease losses | 538 |  |  | (8) |  |  |  |  | 530 |  |  | 461 |  |  | 8 |  |  |  |  | 469 |  |  | 701 |  |  | 2 |  |  | 703 |
Total provision (benefit) for loan and lease losses | 538 |  |  | (8) |  |  |  |  | 530 |  |  | 461 |  |  | 8 |  |  |  |  | 469 |  |  | 1,120 |  |  | 45 |  |  | 1,165 |
Charge-offs | (708) |  |  | (33) |  |  |  |  | (741) |  |  | (627) |  |  | (30) |  |  |  |  | (657) |  |  | (610) |  |  | (28) |  |  | (638) |
Recoveries | 88 |  |  | 13 |  |  |  |  | 101 |  |  | 103 |  |  | 14 |  |  |  |  | 117 |  |  | 65 |  |  | 13 |  |  | 78 |
Balance at end of period | $ | 1,436 |  |  | $ | 130 |  |  |  |  | $ | 1,566 |  |  | $ | 1,518 |  |  | $ | 158 |  |  |  |  | $ | 1,676 |  |  | $ | 1,581 |  |  | $ | 166 |  |  | $ | 1,747 |
The decrease of $110 million in the ALLL at December 31, 2025 compared to December 31, 2024, mainly driven by loan growth concentrated in capital call lines which have a lower loss rate relative to our other loan portfolios, elimination of the reserves related to Hurricane Helene, a modest shift in our weighting from the downside to baseline economic scenario, improvements in the economic outlook and credit quality, and lower specific reserves for individually evaluated loans. Also, during the year ended December 31, 2025, we updated our PD, LGD, and exposure at default methodology for certain portfolios which contributed to changes in the ALLL compared to prior periods. The following table presents the components of the provision for credit losses: Provision for Credit Losses
dollars in millions | Year Ended December 31, |  |  |  |
| 2025 |  | 2024 |  | 2023 |  |  |  |
Day 2 Provision for Loan and Lease Losses | $ | — |  |  | $ | — |  |  | $ | 462 |  |  |  |  |
Provision for loan and lease losses | 530 |  |  | 469 |  |  | 703 |  |  |  |  |
Total provision for loan and lease losses | 530 |  |  | 469 |  |  | 1,165 |  |  |  |  |
Day 2 Provision for Off-Balance Sheet Credit Exposure | — |  |  | — |  |  | 254 |  |  |  |  |
Benefit for off-balance sheet credit exposure | (18) |  |  | (38) |  |  | (44) |  |  |  |  |
Total (benefit) provision for off-balance sheet credit exposure | (18) |  |  | (38) |  |  | 210 |  |  |  |  |
Provision for other receivables | 2 |  |  | — |  |  | — |  |  |  |  |
Provision for credit losses | $ | 514 |  |  | $ | 431 |  |  | $ | 1,375 |  |  |  |  |

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