XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.25.1

Credit Quality and the Allowance for Loan and Lease Losses | 3 Months Ended
--- | ---
Mar. 31, 2025
Receivables [Abstract] |
Credit Quality and the Allowance for Loan and Lease Losses | Credit Quality and the Allowance for Loan and Lease Losses The Bancorp disaggregates ALLL balances and transactions in the ALLL by portfolio segment. Credit quality related disclosures for loans and leases are further disaggregated by class. Refer to Note 1 and Note 6 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024 for additional information on the Bancorp’s accounting policies and estimation practices for the ALLL. Allowance for Loan and Lease Losses The following tables summarize transactions in the ALLL by portfolio segment:
For the three months ended March 31, 2025 ($ in millions) | Commercial | Residential Mortgage | Consumer | Total
Balance, beginning of period | $ | 1,154 |  | 146 |  | 1,052 |  | 2,352 |
Losses charged-off(a) | (67) |  | — |  | (106) |  | (173) |
Recoveries of losses previously charged-off(a) | 3 |  | — |  | 34 |  | 37 |
Provision for (benefit from) loan and lease losses | 151 |  | (7) |  | 24 |  | 168 |
Balance, end of period | $ | 1,241 |  | 139 |  | 1,004 |  | 2,384 |
(a)The Bancorp recorded $6 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
For the three months ended March 31, 2024 ($ in millions) | Commercial | Residential Mortgage | Consumer | Total
Balance, beginning of period | $ | 1,130 |  | 145 |  | 1,047 |  | 2,322 |
Losses charged-off(a) | (40) |  | — |  | (106) |  | (146) |
Recoveries of losses previously charged-off(a) | 5 |  | — |  | 31 |  | 36 |
Provision for (benefit from) loan and lease losses | 46 |  | (5) |  | 65 |  | 106 |
Balance, end of period | $ | 1,141 |  | 140 |  | 1,037 |  | 2,318 |
(a)The Bancorp recorded $8 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. The following tables provide a summary of the ALLL and related loans and leases, classified by portfolio segment:
As of March 31, 2025 ($ in millions) | Commercial | Residential Mortgage | Consumer | Total
ALLL:(a) |  |  |  |
Individually evaluated | $ | 178 |  | 1 |  | 13 |  | 192 |
Collectively evaluated | 1,063 |  | 138 |  | 991 |  | 2,192 |
Total ALLL | $ | 1,241 |  | 139 |  | 1,004 |  | 2,384 |
Portfolio loans and leases:(b) |  |  |  |
Individually evaluated | $ | 563 |  | 136 |  | 101 |  | 800 |
Collectively evaluated | 74,574 |  | 17,336 |  | 29,372 |  | 121,282 |
Total portfolio loans and leases | $ | 75,137 |  | 17,472 |  | 29,473 |  | 122,082 |
(a)Includes $1 related to commercial leveraged leases at March 31, 2025. (b)Excludes $109 of residential mortgage loans measured at fair value and includes $241 of commercial leveraged leases, net of unearned income, at March 31, 2025.
As of December 31, 2024 ($ in millions) | Commercial | Residential Mortgage | Consumer | Total
ALLL:(a) |  |  |  |
Individually evaluated | $ | 106 |  | — |  | 11 |  | 117 |
Collectively evaluated | 1,048 |  | 146 |  | 1,041 |  | 2,235 |
Total ALLL | $ | 1,154 |  | 146 |  | 1,052 |  | 2,352 |
Portfolio loans and leases:(b) |  |  |  |
Individually evaluated | $ | 395 |  | 131 |  | 96 |  | 622 |
Collectively evaluated | 72,898 |  | 17,304 |  | 28,859 |  | 119,061 |
Total portfolio loans and leases | $ | 73,293 |  | 17,435 |  | 28,955 |  | 119,683 |
(a)Includes $1 related to commercial leveraged leases at December 31, 2024. (b)Excludes $108 of residential mortgage loans measured at fair value and includes $248 of commercial leveraged leases, net of unearned income, at December 31, 2024. CREDIT RISK PROFILE Commercial Portfolio Segment For purposes of monitoring the credit quality and risk characteristics of its commercial portfolio segment, the Bancorp disaggregates the segment into the following classes: commercial and industrial, commercial mortgage owner-occupied, commercial mortgage nonowner-occupied, commercial construction and commercial leases. To facilitate the monitoring of credit quality within the commercial portfolio segment, the Bancorp utilizes the following categories of credit ratings: pass, special mention, substandard, doubtful and loss. The five categories, which are derived from standard regulatory rating definitions, are assigned upon initial approval of credit to borrowers and updated periodically thereafter. The Bancorp defines term loans and leases as those having a fixed duration, repayment schedule and defined interest rate. For purposes of disclosing term loans by origination year, the Bancorp generally determines the origination date for loans and leases within the commercial portfolio as the date of the most recent credit decision or extension. Revolving and other loans include loans with revolving privileges and certain complex lending arrangements involving commitments made by the Bancorp under predefined terms, including loans with both revolving and non-revolving components, loans with delayed draw features or loans with interchangeable interest rate and repayment options that extend beyond the time of origination. The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk rating:
As of March 31, 2025 ($ in millions) | Term Loans and Leases by Origination Year | Revolving and Other Loans |  |
2025 | 2024 | 2023 | 2022 | 2021 | Prior | Total
Commercial and industrial loans: |  |  |  |  |  |  |  |  |
Pass | $ | 965 |  | 2,812 |  | 1,180 |  | 2,302 |  | 1,096 |  | 746 |  | 41,472 |  |  | 50,573 |
Special mention | 1 |  | 64 |  | 25 |  | 11 |  | 9 |  | 4 |  | 833 |  |  | 947 |
Substandard | 5 |  | 115 |  | 100 |  | 179 |  | 84 |  | 41 |  | 1,507 |  |  | 2,031 |
Doubtful | — |  | — |  | — |  | 2 |  | — |  | — |  | 147 |  |  | 149 |
Total commercial and industrial loans | $ | 971 |  | 2,991 |  | 1,305 |  | 2,494 |  | 1,189 |  | 791 |  | 43,959 |  |  | 53,700 |
Commercial mortgage owner-occupied loans: |  |  |  |  |  |  |  |  |
Pass | $ | 312 |  | 777 |  | 761 |  | 798 |  | 609 |  | 578 |  | 1,827 |  |  | 5,662 |
Special mention | — |  | 14 |  | 6 |  | 15 |  | 11 |  | 2 |  | 43 |  |  | 91 |
Substandard | 12 |  | 56 |  | 41 |  | 34 |  | 30 |  | 43 |  | 241 |  |  | 457 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial mortgage owner-occupied loans | $ | 324 |  | 847 |  | 808 |  | 847 |  | 650 |  | 623 |  | 2,111 |  |  | 6,210 |
Commercial mortgage nonowner-occupied loans: |  |  |  |  |  |  |  |  |
Pass | $ | 110 |  | 593 |  | 745 |  | 763 |  | 173 |  | 628 |  | 2,613 |  |  | 5,625 |
Special mention | — |  | 56 |  | — |  | 20 |  | — |  | — |  | 206 |  |  | 282 |
Substandard | 2 |  | 31 |  | 22 |  | 29 |  | — |  | 2 |  | 154 |  |  | 240 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial mortgage nonowner-occupied loans | $ | 112 |  | 680 |  | 767 |  | 812 |  | 173 |  | 630 |  | 2,973 |  |  | 6,147 |
Commercial construction loans: |  |  |  |  |  |  |  |  |
Pass | $ | — |  | 2 |  | 7 |  | — |  | 28 |  | — |  | 4,972 |  |  | 5,009 |
Special mention | — |  | — |  | — |  | — |  | — |  | — |  | 705 |  |  | 705 |
Substandard | — |  | — |  | — |  | — |  | — |  | — |  | 238 |  |  | 238 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial construction loans | $ | — |  | 2 |  | 7 |  | — |  | 28 |  | — |  | 5,915 |  |  | 5,952 |
Commercial leases: |  |  |  |  |  |  |  |  |
Pass | $ | 395 |  | 1,220 |  | 308 |  | 256 |  | 277 |  | 612 |  | — |  |  | 3,068 |
Special mention | — |  | 4 |  | 4 |  | 1 |  | 2 |  | — |  | — |  |  | 11 |
Substandard | — |  | — |  | 10 |  | 11 |  | 4 |  | 24 |  | — |  |  | 49 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial leases | $ | 395 |  | 1,224 |  | 322 |  | 268 |  | 283 |  | 636 |  | — |  |  | 3,128 |
Total commercial loans and leases: |  |  |  |  |  |  |  |  |
Pass | $ | 1,782 |  | 5,404 |  | 3,001 |  | 4,119 |  | 2,183 |  | 2,564 |  | 50,884 |  |  | 69,937 |
Special mention | 1 |  | 138 |  | 35 |  | 47 |  | 22 |  | 6 |  | 1,787 |  |  | 2,036 |
Substandard | 19 |  | 202 |  | 173 |  | 253 |  | 118 |  | 110 |  | 2,140 |  |  | 3,015 |
Doubtful | — |  | — |  | — |  | 2 |  | — |  | — |  | 147 |  |  | 149 |
Total commercial loans and leases | $ | 1,802 |  | 5,744 |  | 3,209 |  | 4,421 |  | 2,323 |  | 2,680 |  | 54,958 |  |  | 75,137 |
As of December 31, 2024 ($ in millions) | Term Loans and Leases by Origination Year | Revolving and Other Loans |  |
2024 | 2023 | 2022 | 2021 | 2020 | Prior | Total
Commercial and industrial loans: |  |  |  |  |  |  |  |  |
Pass | $ | 2,966 |  | 1,346 |  | 2,445 |  | 1,321 |  | 371 |  | 437 |  | 40,185 |  |  | 49,071 |
Special mention | 15 |  | 13 |  | 22 |  | 1 |  | 3 |  | 9 |  | 1,055 |  |  | 1,118 |
Substandard | 67 |  | 95 |  | 182 |  | 74 |  | 32 |  | 15 |  | 1,545 |  |  | 2,010 |
Doubtful | — |  | — |  | 2 |  | — |  | — |  | — |  | 70 |  |  | 72 |
Total commercial and industrial loans | $ | 3,048 |  | 1,454 |  | 2,651 |  | 1,396 |  | 406 |  | 461 |  | 42,855 |  |  | 52,271 |
Commercial mortgage owner-occupied loans: |  |  |  |  |  |  |  |  |
Pass | $ | 786 |  | 790 |  | 844 |  | 630 |  | 315 |  | 307 |  | 1,829 |  |  | 5,501 |
Special mention | 8 |  | 9 |  | 23 |  | 7 |  | — |  | 3 |  | 31 |  |  | 81 |
Substandard | 64 |  | 34 |  | 24 |  | 28 |  | 9 |  | 43 |  | 239 |  |  | 441 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial mortgage owner-occupied loans | $ | 858 |  | 833 |  | 891 |  | 665 |  | 324 |  | 353 |  | 2,099 |  |  | 6,023 |
Commercial mortgage nonowner-occupied loans: |  |  |  |  |  |  |  |  |
Pass | $ | 710 |  | 751 |  | 769 |  | 170 |  | 263 |  | 408 |  | 2,698 |  |  | 5,769 |
Special mention | 54 |  | — |  | 50 |  | 5 |  | — |  | — |  | 150 |  |  | 259 |
Substandard | 38 |  | 27 |  | 9 |  | — |  | — |  | 2 |  | 119 |  |  | 195 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial mortgage nonowner-occupied loans | $ | 802 |  | 778 |  | 828 |  | 175 |  | 263 |  | 410 |  | 2,967 |  |  | 6,223 |
Commercial construction loans: |  |  |  |  |  |  |  |  |
Pass | $ | 4 |  | 21 |  | — |  | 29 |  | — |  | — |  | 4,565 |  |  | 4,619 |
Special mention | — |  | — |  | — |  | — |  | — |  | — |  | 756 |  |  | 756 |
Substandard | — |  | — |  | — |  | — |  | — |  | — |  | 213 |  |  | 213 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial construction loans | $ | 4 |  | 21 |  | — |  | 29 |  | — |  | — |  | 5,534 |  |  | 5,588 |
Commercial leases: |  |  |  |  |  |  |  |  |
Pass | $ | 1,532 |  | 335 |  | 281 |  | 311 |  | 137 |  | 517 |  | — |  |  | 3,113 |
Special mention | 4 |  | 4 |  | 2 |  | 3 |  | 2 |  | 4 |  | — |  |  | 19 |
Substandard | — |  | 11 |  | 12 |  | 4 |  | 3 |  | 26 |  | — |  |  | 56 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial leases | $ | 1,536 |  | 350 |  | 295 |  | 318 |  | 142 |  | 547 |  | — |  |  | 3,188 |
Total commercial loans and leases: |  |  |  |  |  |  |  |  |
Pass | $ | 5,998 |  | 3,243 |  | 4,339 |  | 2,461 |  | 1,086 |  | 1,669 |  | 49,277 |  |  | 68,073 |
Special mention | 81 |  | 26 |  | 97 |  | 16 |  | 5 |  | 16 |  | 1,992 |  |  | 2,233 |
Substandard | 169 |  | 167 |  | 227 |  | 106 |  | 44 |  | 86 |  | 2,116 |  |  | 2,915 |
Doubtful | — |  | — |  | 2 |  | — |  | — |  | — |  | 70 |  |  | 72 |
Total commercial loans and leases | $ | 6,248 |  | 3,436 |  | 4,665 |  | 2,583 |  | 1,135 |  | 1,771 |  | 53,455 |  |  | 73,293 |
The following tables summarize the Bancorp’s gross charge-offs within the commercial portfolio segment, by class and vintage:
For the three months ended March 31, 2025 ($ in millions) | Term Loans and Leases by Origination Year | Revolving and Other Loans |  |
2025 | 2024 | 2023 | 2022 | 2021 | Prior | Total
Commercial loans and leases: |  |  |  |  |  |  |  |  |
Commercial and industrial loans | $ | — |  | 6 |  | 4 |  | 1 |  | — |  | — |  | 43 |  |  | 54 |
Commercial mortgage owner-occupied loans | — |  | — |  | — |  | — |  | — |  | 11 |  | — |  |  | 11 |
Commercial leases | — |  | — |  | — |  | — |  | — |  | 2 |  | — |  |  | 2 |
Total commercial loans and leases | $ | — |  | 6 |  | 4 |  | 1 |  | — |  | 13 |  | 43 |  |  | 67 |
For the three months ended March 31, 2024 ($ in millions) | Term Loans and Leases by Origination Year | Revolving and Other Loans |  |
2024 | 2023 | 2022 | 2021 | 2020 | Prior | Total
Commercial loans and leases: |  |  |  |  |  |  |  |  |
Commercial and industrial loans | $ | — |  | 1 |  | 2 |  | — |  | — |  | — |  | 37 |  |  | 40 |
Commercial mortgage owner-occupied loans | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Commercial leases | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial loans and leases | $ | — |  | 1 |  | 2 |  | — |  | — |  | — |  | 37 |  |  | 40 |
Age Analysis of Past Due Commercial Loans and Leases The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class:
| Current Loans and Leases(a) | Past Due | Total Loans and Leases | 90 Days Past Due and Still Accruing
As of March 31, 2025 ($ in millions) | 30-89 Days(a) | 90 Days or More(a) | Total Past Due
Commercial loans and leases: |  |  |  |  |  |
Commercial and industrial loans | $ | 53,377 |  | 147 |  | 176 |  | 323 |  | 53,700 |  | 2 |
Commercial mortgage owner-occupied loans | 6,172 |  | 6 |  | 32 |  | 38 |  | 6,210 |  | 5 |
Commercial mortgage nonowner-occupied loans | 6,137 |  | 3 |  | 7 |  | 10 |  | 6,147 |  | 1 |
Commercial construction loans | 5,952 |  | — |  | — |  | — |  | 5,952 |  | — |
Commercial leases | 3,082 |  | 45 |  | 1 |  | 46 |  | 3,128 |  | — |
Total portfolio commercial loans and leases | $ | 74,720 |  | 201 |  | 216 |  | 417 |  | 75,137 |  | 8 |
(a)Includes accrual and nonaccrual loans and leases.
| Current Loans and Leases(a) | Past Due | Total Loans and Leases | 90 Days Past Due and Still Accruing
As of December 31, 2024 ($ in millions) | 30-89 Days(a) | 90 Days or More(a) | Total Past Due
Commercial loans and leases: |  |  |  |  |  |
Commercial and industrial loans | $ | 52,098 |  | 90 |  | 83 |  | 173 |  | 52,271 |  | 5 |
Commercial mortgage owner-occupied loans | 5,980 |  | 40 |  | 3 |  | 43 |  | 6,023 |  | — |
Commercial mortgage nonowner-occupied loans | 6,215 |  | 6 |  | 2 |  | 8 |  | 6,223 |  | — |
Commercial construction loans | 5,587 |  | 1 |  | — |  | 1 |  | 5,588 |  | — |
Commercial leases | 3,167 |  | 18 |  | 3 |  | 21 |  | 3,188 |  | 1 |
Total portfolio commercial loans and leases | $ | 73,047 |  | 155 |  | 91 |  | 246 |  | 73,293 |  | 6 |
(a)Includes accrual and nonaccrual loans and leases. Residential Mortgage and Consumer Portfolio Segments For purposes of monitoring the credit quality and risk characteristics of its consumer portfolio segment, the Bancorp disaggregates the segment into the following classes: home equity, indirect secured consumer loans, credit card, solar energy installation loans and other consumer loans. The Bancorp’s residential mortgage portfolio segment is also a separate class. The Bancorp considers repayment performance as the best indicator of credit quality for residential mortgage and consumer loans, which includes both the delinquency status and performing versus nonperforming status of the loans. The following tables present the amortized cost basis of the Bancorp’s residential mortgage and consumer portfolio segments, by class and vintage, disaggregated by both delinquency and performing versus nonperforming status:
As of March 31, 2025 ($ in millions) | Term Loans by Origination Year | Revolving Loans | Revolving Loans Converted to Term Loans |
2025 | 2024 | 2023 | 2022 | 2021 | Prior | Total
Residential mortgage loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current(a) | $ | 346 |  | 2,124 |  | 973 |  | 2,885 |  | 4,472 |  | 6,495 |  | — |  | — |  | 17,295 |
30-89 days past due | — |  | 3 |  | 2 |  | 3 |  | 5 |  | 13 |  | — |  | — |  | 26 |
90 days or more past due | — |  | — |  | 1 |  | — |  | 3 |  | 4 |  | — |  | — |  | 8 |
Nonperforming | — |  | — |  | 4 |  | 12 |  | 15 |  | 112 |  | — |  | — |  | 143 |
Total residential mortgage loans(b) | $ | 346 |  | 2,127 |  | 980 |  | 2,900 |  | 4,495 |  | 6,624 |  | — |  | — |  | 17,472 |
Home equity: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 40 |  | 160 |  | 63 |  | 32 |  | 2 |  | 87 |  | 3,714 |  | 71 |  | 4,169 |
30-89 days past due | — |  | — |  | — |  | — |  | — |  | 1 |  | 23 |  | 3 |  | 27 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | — |  | — |  | — |  | — |  | — |  | 7 |  | 59 |  | 3 |  | 69 |
Total home equity | $ | 40 |  | 160 |  | 63 |  | 32 |  | 2 |  | 95 |  | 3,796 |  | 77 |  | 4,265 |
Indirect secured consumer loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 2,331 |  | 6,036 |  | 2,572 |  | 2,767 |  | 2,042 |  | 882 |  | — |  | — |  | 16,630 |
30-89 days past due | 1 |  | 21 |  | 25 |  | 33 |  | 21 |  | 13 |  | — |  | — |  | 114 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | — |  | 7 |  | 12 |  | 19 |  | 13 |  | 9 |  | — |  | — |  | 60 |
Total indirect secured consumer loans | $ | 2,332 |  | 6,064 |  | 2,609 |  | 2,819 |  | 2,076 |  | 904 |  | — |  | — |  | 16,804 |
Credit card: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | — |  | — |  | — |  | — |  | — |  | — |  | 1,595 |  | — |  | 1,595 |
30-89 days past due | — |  | — |  | — |  | — |  | — |  | — |  | 17 |  | — |  | 17 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | 17 |  | — |  | 17 |
Nonperforming | — |  | — |  | — |  | — |  | — |  | — |  | 31 |  | — |  | 31 |
Total credit card | $ | — |  | — |  | — |  | — |  | — |  | — |  | 1,660 |  | — |  | 1,660 |
Solar energy installation loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 192 |  | 849 |  | 2,047 |  | 1,088 |  | 2 |  | 32 |  | — |  | — |  | 4,210 |
30-89 days past due | — |  | 3 |  | 13 |  | 6 |  | — |  | — |  | — |  | — |  | 22 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | — |  | 1 |  | 17 |  | 11 |  | — |  | 1 |  | — |  | — |  | 30 |
Total solar energy installation loans | $ | 192 |  | 853 |  | 2,077 |  | 1,105 |  | 2 |  | 33 |  | — |  | — |  | 4,262 |
Other consumer loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 56 |  | 170 |  | 319 |  | 471 |  | 197 |  | 283 |  | 926 |  | 31 |  | 2,453 |
30-89 days past due | — |  | 1 |  | 4 |  | 7 |  | 3 |  | 3 |  | 3 |  | — |  | 21 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | — |  | — |  | 2 |  | 3 |  | — |  | 1 |  | 1 |  | 1 |  | 8 |
Total other consumer loans | $ | 56 |  | 171 |  | 325 |  | 481 |  | 200 |  | 287 |  | 930 |  | 32 |  | 2,482 |
Total residential mortgage and consumer loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 2,965 |  | 9,339 |  | 5,974 |  | 7,243 |  | 6,715 |  | 7,779 |  | 6,235 |  | 102 |  | 46,352 |
30-89 days past due | 1 |  | 28 |  | 44 |  | 49 |  | 29 |  | 30 |  | 43 |  | 3 |  | 227 |
90 days or more past due | — |  | — |  | 1 |  | — |  | 3 |  | 4 |  | 17 |  | — |  | 25 |
Nonperforming | — |  | 8 |  | 35 |  | 45 |  | 28 |  | 130 |  | 91 |  | 4 |  | 341 |
Total residential mortgage and consumer loans(b) | $ | 2,966 |  | 9,375 |  | 6,054 |  | 7,337 |  | 6,775 |  | 7,943 |  | 6,386 |  | 109 |  | 46,945 |
(a)Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of March 31, 2025, $73 of these loans were 30-89 days past due and $167 were 90 days or more past due. The Bancorp recognized an immaterial amount of losses during the three months ended March 31, 2025 due to claim denials and curtailments associated with these insured or guaranteed loans. (b)Excludes $109 of residential mortgage loans measured at fair value at March 31, 2025, including $1 of 30-89 days past due loans and $2 of nonperforming loans.
As of December 31, 2024 ($ in millions) | Term Loans by Origination Year | Revolving Loans | Revolving Loans Converted to Term Loans |
2024 | 2023 | 2022 | 2021 | 2020 | Prior | Total
Residential mortgage loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current(a) | $ | 1,961 |  | 998 |  | 2,961 |  | 4,606 |  | 2,491 |  | 4,245 |  | — |  | — |  | 17,262 |
30-89 days past due | 1 |  | 3 |  | 4 |  | 9 |  | 4 |  | 12 |  | — |  | — |  | 33 |
90 days or more past due | 1 |  | — |  | 1 |  | 1 |  | — |  | 2 |  | — |  | — |  | 5 |
Nonperforming | — |  | 2 |  | 9 |  | 13 |  | 8 |  | 103 |  | — |  | — |  | 135 |
Total residential mortgage loans(b) | $ | 1,963 |  | 1,003 |  | 2,975 |  | 4,629 |  | 2,503 |  | 4,362 |  | — |  | — |  | 17,435 |
Home equity: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 168 |  | 67 |  | 34 |  | 2 |  | 4 |  | 86 |  | 3,660 |  | 72 |  | 4,093 |
30-89 days past due | — |  | — |  | — |  | — |  | — |  | 1 |  | 23 |  | 1 |  | 25 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | — |  | — |  | 1 |  | — |  | — |  | 7 |  | 56 |  | 6 |  | 70 |
Total home equity | $ | 168 |  | 67 |  | 35 |  | 2 |  | 4 |  | 94 |  | 3,739 |  | 79 |  | 4,188 |
Indirect secured consumer loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 6,773 |  | 2,836 |  | 3,046 |  | 2,371 |  | 753 |  | 349 |  | — |  | — |  | 16,128 |
30-89 days past due | 19 |  | 27 |  | 39 |  | 27 |  | 11 |  | 7 |  | — |  | — |  | 130 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | 4 |  | 10 |  | 19 |  | 13 |  | 5 |  | 4 |  | — |  | — |  | 55 |
Total indirect secured consumer loans | $ | 6,796 |  | 2,873 |  | 3,104 |  | 2,411 |  | 769 |  | 360 |  | — |  | — |  | 16,313 |
Credit card: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | — |  | — |  | — |  | — |  | — |  | — |  | 1,664 |  | — |  | 1,664 |
30-89 days past due | — |  | — |  | — |  | — |  | — |  | — |  | 18 |  | — |  | 18 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | 20 |  | — |  | 20 |
Nonperforming | — |  | — |  | — |  | — |  | — |  | — |  | 32 |  | — |  | 32 |
Total credit card | $ | — |  | — |  | — |  | — |  | — |  | — |  | 1,734 |  | — |  | 1,734 |
Solar energy installation loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 894 |  | 2,095 |  | 1,094 |  | 2 |  | — |  | 33 |  | — |  | — |  | 4,118 |
30-89 days past due | 2 |  | 11 |  | 7 |  | — |  | — |  | — |  | — |  | — |  | 20 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | 1 |  | 34 |  | 28 |  | — |  | — |  | 1 |  | — |  | — |  | 64 |
Total solar energy installation loans | $ | 897 |  | 2,140 |  | 1,129 |  | 2 |  | — |  | 34 |  | — |  | — |  | 4,202 |
Other consumer loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 201 |  | 351 |  | 507 |  | 219 |  | 171 |  | 142 |  | 860 |  | 34 |  | 2,485 |
30-89 days past due | 1 |  | 5 |  | 10 |  | 3 |  | 1 |  | 2 |  | 1 |  | 1 |  | 24 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | — |  | 2 |  | 4 |  | 1 |  | — |  | 1 |  | — |  | 1 |  | 9 |
Total other consumer loans | $ | 202 |  | 358 |  | 521 |  | 223 |  | 172 |  | 145 |  | 861 |  | 36 |  | 2,518 |
Total residential mortgage and consumer loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 9,997 |  | 6,347 |  | 7,642 |  | 7,200 |  | 3,419 |  | 4,855 |  | 6,184 |  | 106 |  | 45,750 |
30-89 days past due | 23 |  | 46 |  | 60 |  | 39 |  | 16 |  | 22 |  | 42 |  | 2 |  | 250 |
90 days or more past due | 1 |  | — |  | 1 |  | 1 |  | — |  | 2 |  | 20 |  | — |  | 25 |
Nonperforming | 5 |  | 48 |  | 61 |  | 27 |  | 13 |  | 116 |  | 88 |  | 7 |  | 365 |
Total residential mortgage and consumer loans(b) | $ | 10,026 |  | 6,441 |  | 7,764 |  | 7,267 |  | 3,448 |  | 4,995 |  | 6,334 |  | 115 |  | 46,390 |
(a)Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of December 31, 2024, $90 of these loans were 30-89 days past due and $162 were 90 days or more past due. The Bancorp recognized an immaterial amount of losses during the three months ended March 31, 2024 due to claim denials and curtailments associated with these insured or guaranteed loans. (b)Excludes $108 of residential mortgage loans measured at fair value at December 31, 2024, including $1 of 30-89 days past due loans, $1 of 90 days or more past due loans and $2 of nonperforming loans. The following tables summarize the Bancorp’s gross charge-offs within the residential mortgage and consumer portfolio segments, by class and vintage:
For the three months ended March 31, 2025 ($ in millions) | Term Loans by Origination Year | Revolving Loans | Revolving Loans Converted to Term Loans |
2025 | 2024 | 2023 | 2022 | 2021 | Prior | Total
Consumer loans: |  |  |  |  |  |  |  |  |
Home equity | $ | — |  | — |  | — |  | — |  | — |  | — |  | 2 |  | — |  | 2 |
Indirect secured consumer loans | — |  | 6 |  | 11 |  | 12 |  | 4 |  | 3 |  | — |  | — |  | 36 |
Credit card | — |  | — |  | — |  | — |  | — |  | — |  | 22 |  | — |  | 22 |
Solar energy installation loans | — |  | 3 |  | 11 |  | 7 |  | — |  | — |  | — |  | — |  | 21 |
Other consumer loans | — |  | 1 |  | 4 |  | 7 |  | 2 |  | 3 |  | 8 |  | — |  | 25 |
Total residential mortgage and consumer loans | $ | — |  | 10 |  | 26 |  | 26 |  | 6 |  | 6 |  | 32 |  | — |  | 106 |
For the three months ended March 31, 2024 ($ in millions) | Term Loans by Origination Year | Revolving Loans | Revolving Loans Converted to Term Loans |
2024 | 2023 | 2022 | 2021 | 2020 | Prior | Total
Consumer loans: |  |  |  |  |  |  |  |  |
Home equity | $ | — |  | — |  | — |  | — |  | — |  | — |  | 2 |  | — |  | 2 |
Indirect secured consumer loans | — |  | 8 |  | 13 |  | 7 |  | 3 |  | 4 |  | — |  | — |  | 35 |
Credit card | — |  | — |  | — |  | — |  | — |  | — |  | 23 |  | — |  | 23 |
Solar energy installation loans | — |  | 8 |  | 6 |  | — |  | — |  | — |  | — |  | — |  | 14 |
Other consumer loans | — |  | 4 |  | 11 |  | 3 |  | 2 |  | 3 |  | 8 |  | 1 |  | 32 |
Total residential mortgage and consumer loans | $ | — |  | 20 |  | 30 |  | 10 |  | 5 |  | 7 |  | 33 |  | 1 |  | 106 |
Collateral-Dependent Loans and Leases The Bancorp considers a loan or lease to be collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. When a loan or lease is collateral-dependent, its fair value is generally based on the fair value less cost to sell of the underlying collateral. The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of:
($ in millions) | March 31, 2025 | December 31, 2024
Commercial loans and leases: |  |
Commercial and industrial loans | $ | 493 |  | 325 |
Commercial mortgage owner-occupied loans | 47 |  | 63 |
Commercial mortgage nonowner-occupied loans | 7 |  | 4 |
Commercial construction loans | — |  | 1 |
Commercial leases | 16 |  | 2 |
Total commercial loans and leases | $ | 563 |  | 395 |
Residential mortgage loans | 136 |  | 131 |
Consumer loans: |  |
Home equity | 66 |  | 66 |
Indirect secured consumer loans | 35 |  | 30 |
Total consumer loans | $ | 101 |  | 96 |
Total portfolio loans and leases | $ | 800 |  | 622 |
Nonperforming Assets Nonperforming assets include nonaccrual loans and leases for which ultimate collectability of the full amount of the principal and/or interest is uncertain and certain other assets, including OREO and other repossessed property. The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of:
| March 31, 2025 |  | December 31, 2024
($ in millions) | With an ALLL | No Related ALLL | Total |  | With an ALLL | No Related ALLL | Total
Commercial loans and leases: |  |  |  |  |  |  |
Commercial and industrial loans | $ | 439 |  | 98 |  | 537 |  |  | 265 |  | 109 |  | 374 |
Commercial mortgage owner-occupied loans | 59 |  | 3 |  | 62 |  |  | 52 |  | 23 |  | 75 |
Commercial mortgage nonowner-occupied loans | 4 |  | 4 |  | 8 |  |  | — |  | 4 |  | 4 |
Commercial construction loans | — |  | — |  | — |  |  | — |  | 1 |  | 1 |
Commercial leases | 1 |  | 15 |  | 16 |  |  | 2 |  | — |  | 2 |
Total nonaccrual portfolio commercial loans and leases | $ | 503 |  | 120 |  | 623 |  |  | 319 |  | 137 |  | 456 |
Residential mortgage loans | 66 |  | 79 |  | 145 |  |  | 57 |  | 80 |  | 137 |
Consumer loans: |  |  |  |  |  |  |
Home equity | 20 |  | 49 |  | 69 |  |  | 21 |  | 49 |  | 70 |
Indirect secured consumer loans | 51 |  | 9 |  | 60 |  |  | 48 |  | 7 |  | 55 |
Credit card | 31 |  | — |  | 31 |  |  | 32 |  | — |  | 32 |
Solar energy installation loans | 30 |  | — |  | 30 |  |  | 64 |  | — |  | 64 |
Other consumer loans | 8 |  | — |  | 8 |  |  | 9 |  | — |  | 9 |
Total nonaccrual portfolio consumer loans | $ | 140 |  | 58 |  | 198 |  |  | 174 |  | 56 |  | 230 |
Total nonaccrual portfolio loans and leases(a)(b) | $ | 709 |  | 257 |  | 966 |  |  | 550 |  | 273 |  | 823 |
OREO and other repossessed property | — |  | 30 |  | 30 |  |  | — |  | 30 |  | 30 |
Total nonperforming portfolio assets(a)(b) | $ | 709 |  | 287 |  | 996 |  |  | 550 |  | 303 |  | 853 |
(a)Excludes $21 and $7 of nonaccrual loans held for sale as of March 31, 2025 and December 31, 2024, respectively. (b)Includes $19 and $18 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of March 31, 2025 and December 31, 2024, respectively. The Bancorp recognized an immaterial amount of interest income on nonaccrual loans and leases for both the three months ended March 31, 2025 and 2024. The Bancorp’s amortized cost basis of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction was $110 million and $94 million as of March 31, 2025 and December 31, 2024, respectively. Modifications to Borrowers Experiencing Financial Difficulty In the course of servicing its loans, the Bancorp works with borrowers who are experiencing financial difficulty to identify solutions that are mutually beneficial to both parties with the objective of mitigating the risk of losses on the loan. These efforts often result in modifications to the payment terms of the loan. The types of modifications offered to borrowers vary by type of loan and may include term extensions, interest rate reductions, payment delays (other than those that are insignificant) or combinations thereof. The Bancorp typically does not provide principal forgiveness except in circumstances where the loan has already been fully or partially charged off. The Bancorp applies its expected credit loss models consistently to both modified and non-modified loans when estimating the ALLL. For loans which are modified for borrowers experiencing financial difficulty, there is generally not a significant change to the ALLL upon modification because the Bancorp’s ALLL estimation methodologies already consider those borrowers’ financial difficulties and the resulting effects of potential modifications when estimating expected credit losses. Portfolio loans with an amortized cost basis of $254 million and $207 million as of March 31, 2025 and 2024, respectively, were modified during the three months ended March 31, 2025 and 2024, respectively, for borrowers experiencing financial difficulty, as further discussed in the following sections. These modifications for the three months ended March 31, 2025 and 2024 represented 0.21% and 0.18%, respectively, of total portfolio loans and leases as of March 31, 2025 and 2024, respectively. These amounts excluded $19 million and $8 million for the three months ended March 31, 2025 and 2024, respectively, of consumer and residential mortgage loans which have been granted a concession under provisions of the Federal Bankruptcy Act and are monitored separately from loans modified under the Bancorp’s loan modification programs. As of March 31, 2025 and December 31, 2024, the Bancorp had commitments of $114 million and $88 million, respectively, to lend additional funds to borrowers experiencing financial difficulty whose terms have been modified during the twelve months ended March 31, 2025 and December 31, 2024, respectively. Commercial portfolio segment Commercial loan modifications are individually negotiated and may vary depending on the borrower’s financial situation, but the Bancorp most commonly utilizes term extensions for periods of three to twelve months. In less common situations, and when specifically warranted by the borrower’s situation, the Bancorp may also consider offering commercial borrowers interest rate reductions or payment delays, which may be combined with a term extension. The following tables present the amortized cost basis as of March 31, 2025 and 2024 of the Bancorp’s commercial portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification, for the three months ended:
March 31, 2025 ($ in millions) | Term Extension |  | Term Extension and Payment Delay | Payment Delay | Other | Total | % of Total Class
Commercial and industrial loans | $ | 50 |  |  | 6 |  | 65 |  | — |  | 121 |  | 0.23 | %
Commercial mortgage owner-occupied loans | 5 |  |  | 24 |  | — |  | — |  | 29 |  | 0.47 |
Commercial mortgage nonowner-occupied loans | 24 |  |  | — |  | — |  | — |  | 24 |  | 0.39 |
Commercial construction loans | 8 |  |  | — |  | 42 |  | — |  | 50 |  | 0.84 |
Total commercial portfolio loans | $ | 87 |  |  | 30 |  | 107 |  | — |  | 224 |  | 0.31 | %
March 31, 2024 ($ in millions) | Term Extension | Term Extension and Payment Delay |  | Payment Delay | Other | Total | % of Total Class
Commercial and industrial loans | $ | 99 |  | — |  |  | 53 |  | 1 |  | 153 |  | 0.29 | %
Commercial mortgage owner-occupied loans | 12 |  | — |  |  | — |  | — |  | 12 |  | 0.22 |
Commercial mortgage nonowner-occupied loans | 5 |  | — |  |  | — |  | — |  | 5 |  | 0.08 |
Commercial construction loans | — |  | — |  |  | — |  | — |  | — |  | — |
Total commercial portfolio loans | $ | 116 |  | — |  |  | 53 |  | 1 |  | 170 |  | 0.24 | %
Residential mortgage portfolio segment The Bancorp has established residential mortgage loan modification programs which define the type of modifications available as well as the eligibility criteria for borrowers. The designs of the Bancorp’s modification programs for residential mortgage loans are similar to those utilized by the various GSEs. The most common modification program utilized for residential mortgage loans is a term extension for up to 480 months from the modification date, combined with a change in interest rate to a fixed rate (which may be an increase or decrease from the rate in the original loan). As part of these modifications, the Bancorp may capitalize delinquent amounts due at the time of the modification into the principal balance of the loan when determining its modified payment structure. For loans where the modification results in a new monthly payment amount, borrowers may be required to complete a trial period of three to four months before the loan is permanently modified. The Bancorp also offers payment delay modifications to qualified borrowers which allow either the delay of repayment for delinquent amounts due until maturity or capitalization of delinquent amounts due into the principal balance of the loan. The number of monthly payments delayed varies by borrower but is most commonly within a range of six to twelve months. The following table presents the amortized cost basis as of March 31, 2025 and 2024 of the Bancorp’s residential mortgage portfolio loans that were modified for borrowers experiencing financial difficulty, by type of modification, during the three months ended:
| March 31, 2025 | March 31, 2024
($ in millions) | Total | % of Total Class | Total | % of Total Class
Payment delay | $ | — |  | — | % | $ | 2 |  | 0.01 | %
Term extension and payment delay | 16 |  | 0.09 |  | 22 |  | 0.13 |
Term extension, interest rate reduction and payment delay | 2 |  | 0.01 |  | 2 |  | 0.01 |
Total residential mortgage portfolio loans | $ | 18 |  | 0.10 | % | $ | 26 |  | 0.15 | %
The Bancorp had $3 million and $1 million of in-process modifications to residential mortgage loans outstanding as of March 31, 2025 and 2024, respectively, which are excluded from the completed modification activity in the table above. These in-process modifications will be reported as completed modifications once the borrower satisfies the applicable contingencies in the modification agreement and the loan is contractually modified to make the modified terms permanent. Consumer portfolio segment The Bancorp’s modification programs for consumer loans vary based on type of loan. The most common modification program for home equity is a term extension for up to 360 months combined with a delay in repayment of delinquent amounts due until maturity, which is typically combined with an interest rate reduction. Modification programs for credit card typically involve an interest rate reduction and an increase to the minimum monthly payment in order to repay a larger portion of outstanding balances. Modifications for indirect secured consumer loans, solar energy installation loans and other consumer loans are less commonly utilized as part of the Bancorp’s loss mitigation activities and programs vary by specific product type. The following tables present the amortized cost basis as of March 31, 2025 and 2024 of the Bancorp’s consumer portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification, during the three months ended:
March 31, 2025 ($ in millions) | Interest Rate Reduction | Payment Delay |  | Term Extension, Interest Rate Reduction and Payment Delay | Total | % of Total Class
Home equity | $ | 1 |  | — |  |  | 3 |  | 4 |  | 0.09 | %
Credit card | 6 |  | — |  |  | — |  | 6 |  | 0.36 |
Solar energy installation loans | — |  | 1 |  |  | — |  | 1 |  | 0.02 |
Other consumer loans | — |  | 1 |  |  | — |  | 1 |  | 0.04 |
Total consumer portfolio loans | $ | 7 |  | 2 |  |  | 3 |  | 12 |  | 0.04 | %
March 31, 2024 ($ in millions) | Interest Rate Reduction | Payment Delay |  | Term Extension, Interest Rate Reduction and Payment Delay | Total | % of Total Class
Home equity | $ | 1 |  | — |  |  | 2 |  | 3 |  | 0.08 | %
Credit card | 7 |  | — |  |  | — |  | 7 |  | 0.40 |
Solar energy installation loans | — |  | — |  |  | — |  | — |  | — |
Other consumer loans | — |  | 1 |  |  | — |  | 1 |  | 0.04 |
Total consumer portfolio loans | $ | 8 |  | 1 |  |  | 2 |  | 11 |  | 0.04 | %
Financial effects of loan modifications The following table presents the financial effects of the Bancorp’s significant types of portfolio loan modifications to borrowers experiencing financial difficulty, by portfolio class for the three months ended March 31:
| Financial Effects | 2025 | 2024
Commercial loans: |  |  |
Commercial and industrial loans | Weighted-average length of term extensions | 6 months | 5 months
| Weighted-average length of payment delay | 4 months | 3 months
Commercial mortgage owner- occupied loans | Weighted-average length of term extensions | 9 months | 3 months
| Weighted-average length of payment delay | 10 months | N/A
Commercial mortgage nonowner- occupied loans | Weighted-average length of term extensions | 4 months | 6 months
Commercial construction loans | Weighted-average length of term extensions | 13 months | N/A
| Weighted-average length of payment delay | 7 months | N/A
Residential mortgage loans | Weighted-average length of term extensions | 10.1 years | 10.9 years
| Approximate amount of payment delays as a percentage of the related loan balances | 11% | 12%
Consumer loans: |  |  |
Home equity | Weighted-average length of term extensions | 16.8 years | 27.1 years
| Weighted-average interest rate reduction | From 8.3% to 6.9% | From 9.1% to 7.3%
| Approximate amount of payment delays as a percentage of the related loan balances | 8% | 4%
Credit card | Weighted-average interest rate reduction | From 23.0% to 4.3% | From 24.1% to 4.2%
Credit quality of modified loans The Bancorp closely monitors the performance of loans that are modified for borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following tables present the amortized cost basis as of March 31, 2025 and 2024 for the Bancorp’s portfolio loans that were modified during the twelve months ended March 31, 2025 and 2024, respectively, for borrowers experiencing financial difficulty, by age and portfolio class:
March 31, 2025 ($ in millions) |  | Past Due |
Current | 30-89 Days | 90 Days or More | Total
Commercial loans: |  |  |  |
Commercial and industrial loans | $ | 213 |  | 6 |  | 33 |  | 252 |
Commercial mortgage owner-occupied loans | 66 |  | — |  | 24 |  | 90 |
Commercial mortgage nonowner-occupied loans | 72 |  | — |  | — |  | 72 |
Commercial construction loans | 107 |  | 1 |  | — |  | 108 |
Residential mortgage loans | 55 |  | 11 |  | 15 |  | 81 |
Consumer loans: |  |  |  |
Home equity | 13 |  | 1 |  | 1 |  | 15 |
Credit card(a) | 15 |  | 3 |  | 2 |  | 20 |
Solar energy installation loans | 1 |  | — |  | — |  | 1 |
Other consumer loans | 3 |  | — |  | — |  | 3 |
Total portfolio loans | $ | 545 |  | 22 |  | 75 |  | 642 |
(a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms.
March 31, 2024 ($ in millions) |  | Past Due |
Current | 30-89 Days | 90 Days or More | Total
Commercial loans: |  |  |  |
Commercial and industrial loans | $ | 207 |  | 11 |  | 56 |  | 274 |
Commercial mortgage owner-occupied loans | 21 |  | 16 |  | — |  | 37 |
Commercial mortgage nonowner-occupied loans | 50 |  | 3 |  | — |  | 53 |
Commercial construction loans | 74 |  | — |  | — |  | 74 |
Residential mortgage loans | 82 |  | 12 |  | 16 |  | 110 |
Consumer loans: |  |  |  |
Home equity | 13 |  | 1 |  | 1 |  | 15 |
Credit card(a) | 17 |  | 4 |  | 3 |  | 24 |
Solar energy installation loans | 1 |  | — |  | — |  | 1 |
Other consumer loans | 4 |  | — |  | — |  | 4 |
Total portfolio loans | $ | 469 |  | 47 |  | 76 |  | 592 |
(a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms. The Bancorp considers modifications to borrowers experiencing financial difficulty that subsequently become 90 days or more past due under the modified terms as subsequently defaulted. The following tables present the amortized cost basis as of March 31, 2025 and 2024 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the three months ended March 31, 2025 and 2024, respectively, and were within twelve months of the modification date:
March 31, 2025 ($ in millions) | Term Extension | Interest Rate Reduction | Payment Delay | Term Extension and Interest Rate Reduction | Term Extension and Payment Delay | Term Extension, Interest Rate Reduction and Payment Delay | Total
Commercial loans: |  |  |  |  |  |  |
Commercial and industrial loans | $ | — |  | — |  | 11 |  | — |  | 6 |  | — |  | 17 |
Commercial mortgage owner-occupied loans | — |  | — |  | — |  | — |  | 24 |  | — |  | 24 |
Residential mortgage loans | — |  | — |  | — |  | — |  | 7 |  | 2 |  | 9 |
Consumer loans: |  |  |  |  |  |  |
Home equity | — |  | 1 |  | — |  | — |  | — |  | — |  | 1 |
Credit card | — |  | 3 |  | — |  | — |  | — |  | — |  | 3 |
Total portfolio loans | $ | — |  | 4 |  | 11 |  | — |  | 37 |  | 2 |  | 54 |
March 31, 2024 ($ in millions) | Term Extension | Interest Rate Reduction | Payment Delay | Term Extension and Interest Rate Reduction | Term Extension and Payment Delay | Term Extension, Interest Rate Reduction and Payment Delay | Total
Commercial loans: |  |  |  |  |  |  |
Commercial and industrial loans | $ | 8 |  | — |  | — |  | 1 |  | — |  | — |  | 9 |
Commercial mortgage owner-occupied loans | — |  | — |  | — |  | — |  | — |  | — |  | — |
Residential mortgage loans | — |  | — |  | 1 |  | — |  | 8 |  | — |  | 9 |
Consumer loans: |  |  |  |  |  |  |
Home equity | — |  | — |  | — |  | — |  | 1 |  | — |  | 1 |
Credit card | — |  | 4 |  | — |  | — |  | — |  | — |  | 4 |
Total portfolio loans | $ | 8 |  | 4 |  | 1 |  | 1 |  | 9 |  | — |  | 23 |

X
- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -Publisher FASB -URI https://asc.fasb.org/310/tableOfContent + Details
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration