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Credit Quality and the Allowance for Loan and Lease Losses | 6 Months Ended
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Jun. 30, 2026
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, 2025 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 June 30, 2026 ($ in millions) | Commercial | Residential Mortgage | Consumer | Total
Balance, beginning of period | $ | 1,820 |  | 108 |  | 994 |  | 2,922 |
Losses charged-off(a) | (73) |  | (1) |  | (107) |  | (181) |
Recoveries of losses previously charged-off(a) | 9 |  | 1 |  | 36 |  | 46 |
Provision for (benefit from) loan and lease losses | 32 |  | (5) |  | 104 |  | 131 |
Allowance on PCD loans and leases at acquisition | — |  | (1) |  | — |  | (1) |
Allowance on PSLs at acquisition | — |  | 1 |  | — |  | 1 |
Balance, end of period | $ | 1,788 |  | 103 |  | 1,027 |  | 2,918 |
(a)The Bancorp recorded $3 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
For the three months ended June 30, 2025 ($ in millions) | Commercial | Residential Mortgage | Consumer | Total
Balance, beginning of period | $ | 1,241 |  | 139 |  | 1,004 |  | 2,384 |
Losses charged-off(a) | (90) |  | — |  | (104) |  | (194) |
Recoveries of losses previously charged-off(a) | 19 |  | 1 |  | 35 |  | 55 |
Provision for (benefit from) loan and lease losses | 123 |  | (6) |  | 50 |  | 167 |
Balance, end of period | $ | 1,293 |  | 134 |  | 985 |  | 2,412 |
(a)The Bancorp recorded $5 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
For the six months ended June 30, 2026 ($ in millions) | Commercial | Residential Mortgage | Consumer | Total
Balance, beginning of period | $ | 1,186 |  | 109 |  | 958 |  | 2,253 |
Losses charged off(a)(b) | (151) |  | (1) |  | (216) |  | (368) |
Recoveries of losses previously charged off(a)(b) | 18 |  | 1 |  | 70 |  | 89 |
Provision for (benefit from) loan and lease losses | 92 |  | (12) |  | 203 |  | 283 |
Allowance on PCD loans and leases at acquisition | 177 |  | 1 |  | 1 |  | 179 |
Allowance on PSLs at acquisition | 466 |  | 5 |  | 11 |  | 482 |
Balance, end of period | $ | 1,788 |  | 103 |  | 1,027 |  | 2,918 |
(a)The Bancorp recorded $7 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. (b)Excludes net charge-offs of $111 million which were taken at the time of the Comerica acquisition.
For the six months ended June 30, 2025 ($ in millions) | Commercial | Residential Mortgage | Consumer | Total
Balance, beginning of period | $ | 1,154 |  | 146 |  | 1,052 |  | 2,352 |
Losses charged off(a) | (156) |  | (1) |  | (209) |  | (366) |
Recoveries of losses previously charged off(a) | 20 |  | 2 |  | 68 |  | 90 |
Provision for (benefit from) loan and lease losses | 275 |  | (13) |  | 74 |  | 336 |
Balance, end of period | $ | 1,293 |  | 134 |  | 985 |  | 2,412 |
(a)The Bancorp recorded $10 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. The following tables provide a summary of the ALLL and related loans and leases, classified by portfolio segment:
As of June 30, 2026 ($ in millions) | Commercial | Residential Mortgage | Consumer | Total
ALLL:(a) |  |  |  |
Individually evaluated | $ | 150 |  | — |  | 13 |  | 163 |
Collectively evaluated | 1,638 |  | 103 |  | 1,014 |  | 2,755 |
Total ALLL | $ | 1,788 |  | 103 |  | 1,027 |  | 2,918 |
Portfolio loans and leases:(b) |  |  |  |
Individually evaluated | $ | 522 |  | 153 |  | 106 |  | 781 |
Collectively evaluated | 124,358 |  | 19,458 |  | 33,829 |  | 177,645 |
Total portfolio loans and leases | $ | 124,880 |  | 19,611 |  | 33,935 |  | 178,426 |
(a)Includes $2 related to commercial leveraged leases at June 30, 2026. (b)Excludes $102 of residential mortgage loans measured at fair value and includes $239 of commercial leveraged leases, net of unearned income, at June 30, 2026.
As of December 31, 2025 ($ in millions) | Commercial | Residential Mortgage | Consumer | Total
ALLL:(a) |  |  |  |
Individually evaluated | $ | 178 |  | — |  | 15 |  | 193 |
Collectively evaluated | 1,008 |  | 109 |  | 943 |  | 2,060 |
Total ALLL | $ | 1,186 |  | 109 |  | 958 |  | 2,253 |
Portfolio loans and leases:(b) |  |  |  |
Individually evaluated | $ | 367 |  | 143 |  | 105 |  | 615 |
Collectively evaluated | 73,195 |  | 17,403 |  | 31,332 |  | 121,930 |
Total portfolio loans and leases | $ | 73,562 |  | 17,546 |  | 31,437 |  | 122,545 |
(a)Includes $2 related to commercial leveraged leases at December 31, 2025. (b)Excludes $106 of residential mortgage loans measured at fair value and includes $243 of commercial leveraged leases, net of unearned income, at December 31, 2025. CREDIT RISK PROFILE Commercial Portfolio Segment For purposes of monitoring the credit quality and risk characteristics of its commercial portfolio segment, the Bancorp disaggregates the segment into the following classes: commercial and industrial, commercial mortgage owner-occupied, commercial mortgage nonowner-occupied, commercial construction and commercial leases. To facilitate the monitoring of credit quality within the commercial portfolio segment, the Bancorp utilizes the following categories of credit ratings: pass, special mention, substandard, doubtful and loss. The five categories, which are derived from standard regulatory rating definitions, are assigned upon initial approval of credit to borrowers and updated periodically thereafter. The Bancorp defines term loans and leases as those having a fixed duration, repayment schedule and defined interest rate. For purposes of disclosing both originated and acquired term loans by origination year, the Bancorp generally determines the origination date for loans and leases within the commercial portfolio as the date of the most recent credit decision or extension. Revolving and other loans include loans with revolving privileges and certain complex lending arrangements involving commitments made by the Bancorp under predefined terms, including loans with both revolving and non-revolving components, loans with delayed draw features or loans with interchangeable interest rate and repayment options that extend beyond the time of origination. The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk rating:
As of June 30, 2026 ($ in millions) | Term Loans and Leases by Origination Year | Revolving and Other Loans |  |
2026 | 2025 | 2024 | 2023 | 2022 | Prior | Total
Commercial and industrial loans: |  |  |  |  |  |  |  |  |
Pass | $ | 4,100 |  | 6,120 |  | 3,777 |  | 1,611 |  | 2,167 |  | 1,940 |  | 61,322 |  |  | 81,037 |
Special mention | 85 |  | 149 |  | 88 |  | 53 |  | 107 |  | 27 |  | 1,401 |  |  | 1,910 |
Substandard | 29 |  | 98 |  | 252 |  | 155 |  | 94 |  | 155 |  | 1,899 |  |  | 2,682 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | 107 |  |  | 107 |
Total commercial and industrial loans | $ | 4,214 |  | 6,367 |  | 4,117 |  | 1,819 |  | 2,368 |  | 2,122 |  | 64,729 |  |  | 85,736 |
Commercial mortgage owner-occupied loans: |  |  |  |  |  |  |  |  |
Pass | $ | 1,193 |  | 1,682 |  | 1,052 |  | 954 |  | 1,298 |  | 1,852 |  | 3,365 |  |  | 11,396 |
Special mention | 14 |  | 26 |  | 16 |  | 29 |  | 40 |  | 55 |  | 96 |  |  | 276 |
Substandard | 26 |  | 159 |  | 51 |  | 41 |  | 69 |  | 75 |  | 128 |  |  | 549 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial mortgage owner-occupied loans | $ | 1,233 |  | 1,867 |  | 1,119 |  | 1,024 |  | 1,407 |  | 1,982 |  | 3,589 |  |  | 12,221 |
Commercial mortgage nonowner-occupied loans: |  |  |  |  |  |  |  |  |
Pass | $ | 622 |  | 1,464 |  | 891 |  | 806 |  | 1,047 |  | 1,416 |  | 7,373 |  |  | 13,619 |
Special mention | 4 |  | — |  | 26 |  | 1 |  | 69 |  | 23 |  | 493 |  |  | 616 |
Substandard | 25 |  | 19 |  | 52 |  | 12 |  | 51 |  | 24 |  | 557 |  |  | 740 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial mortgage nonowner-occupied loans | $ | 651 |  | 1,483 |  | 969 |  | 819 |  | 1,167 |  | 1,463 |  | 8,423 |  |  | 14,975 |
Commercial construction loans: |  |  |  |  |  |  |  |  |
Pass | $ | 14 |  | 60 |  | — |  | — |  | — |  | 10 |  | 7,412 |  |  | 7,496 |
Special mention | — |  | — |  | — |  | — |  | — |  | — |  | 532 |  |  | 532 |
Substandard | — |  | — |  | — |  | — |  | — |  | — |  | 431 |  |  | 431 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial construction loans | $ | 14 |  | 60 |  | — |  | — |  | — |  | 10 |  | 8,375 |  |  | 8,459 |
Commercial leases: |  |  |  |  |  |  |  |  |
Pass | $ | 621 |  | 1,077 |  | 766 |  | 240 |  | 159 |  | 554 |  | — |  |  | 3,417 |
Special mention | — |  | 7 |  | 13 |  | — |  | — |  | — |  | — |  |  | 20 |
Substandard | 3 |  | 6 |  | 16 |  | 17 |  | 4 |  | 6 |  | — |  |  | 52 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial leases | $ | 624 |  | 1,090 |  | 795 |  | 257 |  | 163 |  | 560 |  | — |  |  | 3,489 |
Total commercial loans and leases: |  |  |  |  |  |  |  |  |
Pass | $ | 6,550 |  | 10,403 |  | 6,486 |  | 3,611 |  | 4,671 |  | 5,772 |  | 79,472 |  |  | 116,965 |
Special mention | 103 |  | 182 |  | 143 |  | 83 |  | 216 |  | 105 |  | 2,522 |  |  | 3,354 |
Substandard | 83 |  | 282 |  | 371 |  | 225 |  | 218 |  | 260 |  | 3,015 |  |  | 4,454 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | 107 |  |  | 107 |
Total commercial loans and leases | $ | 6,736 |  | 10,867 |  | 7,000 |  | 3,919 |  | 5,105 |  | 6,137 |  | 85,116 |  |  | 124,880 |
As of December 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 | $ | 3,359 |  | 2,040 |  | 861 |  | 1,829 |  | 832 |  | 553 |  | 40,015 |  |  | 49,489 |
Special mention | 23 |  | 51 |  | 10 |  | 7 |  | 13 |  | 10 |  | 839 |  |  | 953 |
Substandard | 57 |  | 89 |  | 92 |  | 138 |  | 42 |  | 28 |  | 1,743 |  |  | 2,189 |
Doubtful | — |  | 1 |  | — |  | — |  | 6 |  | — |  | 111 |  |  | 118 |
Total commercial and industrial loans | $ | 3,439 |  | 2,181 |  | 963 |  | 1,974 |  | 893 |  | 591 |  | 42,708 |  |  | 52,749 |
Commercial mortgage owner-occupied loans: |  |  |  |  |  |  |  |  |
Pass | $ | 1,136 |  | 615 |  | 572 |  | 648 |  | 537 |  | 406 |  | 1,712 |  |  | 5,626 |
Special mention | 24 |  | 4 |  | 28 |  | 16 |  | 14 |  | 3 |  | 72 |  |  | 161 |
Substandard | 69 |  | 44 |  | 38 |  | 33 |  | 27 |  | 12 |  | 132 |  |  | 355 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial mortgage owner-occupied loans | $ | 1,229 |  | 663 |  | 638 |  | 697 |  | 578 |  | 421 |  | 1,916 |  |  | 6,142 |
Commercial mortgage nonowner-occupied loans: |  |  |  |  |  |  |  |  |
Pass | $ | 824 |  | 542 |  | 486 |  | 638 |  | 109 |  | 419 |  | 2,628 |  |  | 5,646 |
Special mention | 1 |  | — |  | — |  | 19 |  | — |  | — |  | 111 |  |  | 131 |
Substandard | 20 |  | 63 |  | 16 |  | 42 |  | — |  | 24 |  | 144 |  |  | 309 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial mortgage nonowner-occupied loans | $ | 845 |  | 605 |  | 502 |  | 699 |  | 109 |  | 443 |  | 2,883 |  |  | 6,086 |
Commercial construction loans: |  |  |  |  |  |  |  |  |
Pass | $ | 44 |  | — |  | — |  | — |  | 27 |  | — |  | 4,404 |  |  | 4,475 |
Special mention | — |  | — |  | — |  | — |  | — |  | — |  | 548 |  |  | 548 |
Substandard | — |  | — |  | — |  | — |  | — |  | — |  | 293 |  |  | 293 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial construction loans | $ | 44 |  | — |  | — |  | — |  | 27 |  | — |  | 5,245 |  |  | 5,316 |
Commercial leases: |  |  |  |  |  |  |  |  |
Pass | $ | 1,255 |  | 858 |  | 266 |  | 198 |  | 173 |  | 472 |  | — |  |  | 3,222 |
Special mention | 2 |  | 6 |  | — |  | — |  | 1 |  | — |  | — |  |  | 9 |
Substandard | 1 |  | 15 |  | 11 |  | 3 |  | 5 |  | 3 |  | — |  |  | 38 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total commercial leases | $ | 1,258 |  | 879 |  | 277 |  | 201 |  | 179 |  | 475 |  | — |  |  | 3,269 |
Total commercial loans and leases: |  |  |  |  |  |  |  |  |
Pass | $ | 6,618 |  | 4,055 |  | 2,185 |  | 3,313 |  | 1,678 |  | 1,850 |  | 48,759 |  |  | 68,458 |
Special mention | 50 |  | 61 |  | 38 |  | 42 |  | 28 |  | 13 |  | 1,570 |  |  | 1,802 |
Substandard | 147 |  | 211 |  | 157 |  | 216 |  | 74 |  | 67 |  | 2,312 |  |  | 3,184 |
Doubtful | — |  | 1 |  | — |  | — |  | 6 |  | — |  | 111 |  |  | 118 |
Total commercial loans and leases | $ | 6,815 |  | 4,328 |  | 2,380 |  | 3,571 |  | 1,786 |  | 1,930 |  | 52,752 |  |  | 73,562 |
The following tables summarize the Bancorp’s gross charge-offs within the commercial portfolio segment, by class and vintage:
For the six months ended June 30, 2026 ($ in millions) | Term Loans and Leases by Origination Year | Revolving and Other Loans |
2026 | 2025 | 2024 | 2023 | 2022 | Prior | Total
Commercial loans and leases: |  |  |  |  |  |  |  |
Commercial and industrial loans | $ | 2 |  | 2 |  | 2 |  | 1 |  | — |  | 6 |  | 138 |  | 151 |
Commercial mortgage owner-occupied loans | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial leases | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total commercial loans and leases | $ | 2 |  | 2 |  | 2 |  | 1 |  | — |  | 6 |  | 138 |  | 151 |
For the six months ended June 30, 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 | $ | — |  | 8 |  | 22 |  | 5 |  | 3 |  | 1 |  | 98 |  |  | 137 |
Commercial mortgage owner-occupied loans | — |  | — |  | — |  | — |  | 3 |  | 11 |  | 1 |  |  | 15 |
Commercial leases | — |  | — |  | 1 |  | 1 |  | — |  | 2 |  | — |  |  | 4 |
Total commercial loans and leases | $ | — |  | 8 |  | 23 |  | 6 |  | 6 |  | 14 |  | 99 |  |  | 156 |
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 June 30, 2026 ($ in millions) | 30-89 Days(a) | 90 Days or More(a) | Total Past Due
Commercial loans and leases: |  |  |  |  |  |
Commercial and industrial loans | $ | 85,474 |  | 176 |  | 86 |  | 262 |  | 85,736 |  | 4 |
Commercial mortgage owner-occupied loans | 12,171 |  | 31 |  | 19 |  | 50 |  | 12,221 |  | — |
Commercial mortgage nonowner-occupied loans | 14,841 |  | 130 |  | 4 |  | 134 |  | 14,975 |  | 1 |
Commercial construction loans | 8,413 |  | — |  | 46 |  | 46 |  | 8,459 |  | — |
Commercial leases | 3,483 |  | 6 |  | — |  | 6 |  | 3,489 |  | — |
Total portfolio commercial loans and leases | $ | 124,382 |  | 343 |  | 155 |  | 498 |  | 124,880 |  | 5 |
(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, 2025 ($ in millions) | 30-89 Days(a) | 90 Days or More(a) | Total Past Due
Commercial loans and leases: |  |  |  |  |  |
Commercial and industrial loans | $ | 52,481 |  | 173 |  | 95 |  | 268 |  | 52,749 |  | 2 |
Commercial mortgage owner-occupied loans | 6,127 |  | 3 |  | 12 |  | 15 |  | 6,142 |  | — |
Commercial mortgage nonowner-occupied loans | 6,083 |  | 1 |  | 2 |  | 3 |  | 6,086 |  | — |
Commercial construction loans | 5,315 |  | — |  | 1 |  | 1 |  | 5,316 |  | 1 |
Commercial leases | 3,258 |  | 11 |  | — |  | 11 |  | 3,269 |  | — |
Total portfolio commercial loans and leases | $ | 73,264 |  | 188 |  | 110 |  | 298 |  | 73,562 |  | 3 |
(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 June 30, 2026 ($ in millions) | Term Loans by Origination Year | Revolving Loans | Revolving Loans Converted to Term Loans |
2026 | 2025 | 2024 | 2023 | 2022 | Prior | Total
Residential mortgage loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current(a) | $ | 1,159 |  | 2,167 |  | 1,998 |  | 1,042 |  | 2,758 |  | 10,259 |  | — |  | — |  | 19,383 |
30-89 days past due | 1 |  | 2 |  | 10 |  | 2 |  | 5 |  | 27 |  | — |  | — |  | 47 |
90 days or more past due | — |  | 1 |  | 3 |  | — |  | 1 |  | 5 |  | — |  | — |  | 10 |
Nonperforming | — |  | 1 |  | 8 |  | 7 |  | 16 |  | 139 |  | — |  | — |  | 171 |
Total residential mortgage loans(b) | $ | 1,160 |  | 2,171 |  | 2,019 |  | 1,051 |  | 2,780 |  | 10,430 |  | — |  | — |  | 19,611 |
Home equity: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 96 |  | 176 |  | 120 |  | 42 |  | 25 |  | 61 |  | 6,073 |  | 173 |  | 6,766 |
30-89 days past due | — |  | — |  | — |  | — |  | — |  | 1 |  | 29 |  | 2 |  | 32 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | — |  | — |  | — |  | 1 |  | — |  | 9 |  | 111 |  | 10 |  | 131 |
Total home equity | $ | 96 |  | 176 |  | 120 |  | 43 |  | 25 |  | 71 |  | 6,213 |  | 185 |  | 6,929 |
Indirect secured consumer loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 4,023 |  | 6,347 |  | 3,474 |  | 1,503 |  | 1,586 |  | 1,083 |  | — |  | — |  | 18,016 |
30-89 days past due | 5 |  | 23 |  | 23 |  | 20 |  | 23 |  | 14 |  | — |  | — |  | 108 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | 1 |  | 7 |  | 11 |  | 13 |  | 17 |  | 13 |  | — |  | — |  | 62 |
Total indirect secured consumer loans | $ | 4,029 |  | 6,377 |  | 3,508 |  | 1,536 |  | 1,626 |  | 1,110 |  | — |  | — |  | 18,186 |
Credit card: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | — |  | — |  | — |  | — |  | — |  | — |  | 1,623 |  | — |  | 1,623 |
30-89 days past due | — |  | — |  | — |  | — |  | — |  | — |  | 15 |  | — |  | 15 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | 16 |  | — |  | 16 |
Nonperforming | — |  | — |  | — |  | — |  | — |  | — |  | 29 |  | — |  | 29 |
Total credit card | $ | — |  | — |  | — |  | — |  | — |  | — |  | 1,683 |  | — |  | 1,683 |
Solar energy installation loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 67 |  | 700 |  | 666 |  | 1,824 |  | 983 |  | 27 |  | — |  | — |  | 4,267 |
30-89 days past due | — |  | 2 |  | 5 |  | 11 |  | 6 |  | — |  | — |  | — |  | 24 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | 3 |  | 4 |  | 2 |  | 8 |  | 6 |  | — |  | — |  | — |  | 23 |
Total solar energy installation loans | $ | 70 |  | 706 |  | 673 |  | 1,843 |  | 995 |  | 27 |  | — |  | — |  | 4,314 |
Other consumer loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 295 |  | 278 |  | 152 |  | 252 |  | 374 |  | 418 |  | 1,017 |  | 18 |  | 2,804 |
30-89 days past due | — |  | 2 |  | 1 |  | 2 |  | 4 |  | 3 |  | 1 |  | — |  | 13 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | 1 |  | — |  | — |  | 1 |
Nonperforming | — |  | 1 |  | — |  | 1 |  | 2 |  | 1 |  | — |  | — |  | 5 |
Total other consumer loans | $ | 295 |  | 281 |  | 153 |  | 255 |  | 380 |  | 423 |  | 1,018 |  | 18 |  | 2,823 |
Total residential mortgage and consumer loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 5,640 |  | 9,668 |  | 6,410 |  | 4,663 |  | 5,726 |  | 11,848 |  | 8,713 |  | 191 |  | 52,859 |
30-89 days past due | 6 |  | 29 |  | 39 |  | 35 |  | 38 |  | 45 |  | 45 |  | 2 |  | 239 |
90 days or more past due | — |  | 1 |  | 3 |  | — |  | 1 |  | 6 |  | 16 |  | — |  | 27 |
Nonperforming | 4 |  | 13 |  | 21 |  | 30 |  | 41 |  | 162 |  | 140 |  | 10 |  | 421 |
Total residential mortgage and consumer loans(b) | $ | 5,650 |  | 9,711 |  | 6,473 |  | 4,728 |  | 5,806 |  | 12,061 |  | 8,914 |  | 203 |  | 53,546 |
(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 June 30, 2026, $70 of these loans were 30-89 days past due and $266 were 90 days or more past due. The Bancorp recognized losses of an immaterial amount during both the three and six months ended June 30, 2026 due to claim denials and curtailments associated with these insured or guaranteed loans. (b)Excludes $102 of residential mortgage loans measured at fair value at June 30, 2026, including $1 of 30-89 days past due loans, $1 of 90 days or more past due loans and $5 of nonperforming loans.
As of December 31, 2025 ($ 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) | $ | 1,871 |  | 2,047 |  | 897 |  | 2,649 |  | 4,095 |  | 5,800 |  | — |  | — |  | 17,359 |
30-89 days past due | — |  | 4 |  | 2 |  | 3 |  | 8 |  | 15 |  | — |  | — |  | 32 |
90 days or more past due | — |  | 2 |  | 1 |  | — |  | 3 |  | 4 |  | — |  | — |  | 10 |
Nonperforming | — |  | 3 |  | 7 |  | 14 |  | 17 |  | 104 |  | — |  | — |  | 145 |
Total residential mortgage loans(b) | $ | 1,871 |  | 2,056 |  | 907 |  | 2,666 |  | 4,123 |  | 5,923 |  | — |  | — |  | 17,546 |
Home equity: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 194 |  | 137 |  | 50 |  | 27 |  | 1 |  | 76 |  | 4,182 |  | 83 |  | 4,750 |
30-89 days past due | — |  | — |  | — |  | — |  | — |  | 1 |  | 23 |  | 1 |  | 25 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | — |  | — |  | 1 |  | — |  | — |  | 5 |  | 61 |  | 4 |  | 71 |
Total home equity | $ | 194 |  | 137 |  | 51 |  | 27 |  | 1 |  | 82 |  | 4,266 |  | 88 |  | 4,846 |
Indirect secured consumer loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 7,854 |  | 4,387 |  | 1,881 |  | 2,004 |  | 1,213 |  | 435 |  | — |  | — |  | 17,774 |
30-89 days past due | 23 |  | 26 |  | 24 |  | 31 |  | 17 |  | 8 |  | — |  | — |  | 129 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | 4 |  | 10 |  | 12 |  | 19 |  | 11 |  | 5 |  | — |  | — |  | 61 |
Total indirect secured consumer loans | $ | 7,881 |  | 4,423 |  | 1,917 |  | 2,054 |  | 1,241 |  | 448 |  | — |  | — |  | 17,964 |
Credit card: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | — |  | — |  | — |  | — |  | — |  | — |  | 1,683 |  | — |  | 1,683 |
30-89 days past due | — |  | — |  | — |  | — |  | — |  | — |  | 18 |  | — |  | 18 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | 17 |  | — |  | 17 |
Nonperforming | — |  | — |  | — |  | — |  | — |  | — |  | 29 |  | — |  | 29 |
Total credit card | $ | — |  | — |  | — |  | — |  | — |  | — |  | 1,747 |  | — |  | 1,747 |
Solar energy installation loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 814 |  | 724 |  | 1,914 |  | 1,030 |  | 1 |  | 29 |  | — |  | — |  | 4,512 |
30-89 days past due | 1 |  | 4 |  | 14 |  | 7 |  | — |  | — |  | — |  | — |  | 26 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | 1 |  | 2 |  | 11 |  | 7 |  | — |  | 1 |  | — |  | — |  | 22 |
Total solar energy installation loans | $ | 816 |  | 730 |  | 1,939 |  | 1,044 |  | 1 |  | 30 |  | — |  | — |  | 4,560 |
Other consumer loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 248 |  | 104 |  | 245 |  | 377 |  | 139 |  | 204 |  | 957 |  | 22 |  | 2,296 |
30-89 days past due | 1 |  | 1 |  | 3 |  | 5 |  | 2 |  | 2 |  | 1 |  | 1 |  | 16 |
90 days or more past due | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Nonperforming | — |  | — |  | 2 |  | 3 |  | — |  | — |  | 2 |  | 1 |  | 8 |
Total other consumer loans | $ | 249 |  | 105 |  | 250 |  | 385 |  | 141 |  | 206 |  | 960 |  | 24 |  | 2,320 |
Total residential mortgage and consumer loans: |  |  |  |  |  |  |  |  |
Performing: |  |  |  |  |  |  |  |  |
Current | $ | 10,981 |  | 7,399 |  | 4,987 |  | 6,087 |  | 5,449 |  | 6,544 |  | 6,822 |  | 105 |  | 48,374 |
30-89 days past due | 25 |  | 35 |  | 43 |  | 46 |  | 27 |  | 26 |  | 42 |  | 2 |  | 246 |
90 days or more past due | — |  | 2 |  | 1 |  | — |  | 3 |  | 4 |  | 17 |  | — |  | 27 |
Nonperforming | 5 |  | 15 |  | 33 |  | 43 |  | 28 |  | 115 |  | 92 |  | 5 |  | 336 |
Total residential mortgage and consumer loans(b) | $ | 11,011 |  | 7,451 |  | 5,064 |  | 6,176 |  | 5,507 |  | 6,689 |  | 6,973 |  | 112 |  | 48,983 |
(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, 2025, $83 of these loans were 30-89 days past due and $195 were 90 days or more past due. The Bancorp recognized an immaterial amount and $1 of losses during the three and six months ended June 30, 2025, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (b)Excludes $106 of residential mortgage loans measured at fair value at December 31, 2025, including $2 of 30-89 days past due loans and $4 of nonperforming loans. The following tables summarize the Bancorp’s gross charge-offs within the residential mortgage and consumer portfolio segments, by class and vintage:
For the six months ended June 30, 2026 ($ in millions) | Term Loans by Origination Year | Revolving Loans | Revolving Loans Converted to Term Loans |
2026 | 2025 | 2024 | 2023 | 2022 | Prior | Total
Residential mortgage loans | $ | — |  | — |  | — |  | — |  | — |  | 1 |  | — |  | — |  | 1 |
Consumer loans: |  |  |  |  |  |  |  |  |
Home equity | — |  | — |  | — |  | — |  | — |  | — |  | 3 |  | — |  | 3 |
Indirect secured consumer loans | — |  | 16 |  | 16 |  | 16 |  | 20 |  | 8 |  | — |  | — |  | 76 |
Credit card | — |  | — |  | — |  | — |  | — |  | — |  | 39 |  | — |  | 39 |
Solar energy installation loans | — |  | 5 |  | 9 |  | 26 |  | 15 |  | — |  | — |  | — |  | 55 |
Other consumer loans | — |  | 3 |  | 2 |  | 5 |  | 9 |  | 6 |  | 17 |  | 1 |  | 43 |
Total residential mortgage and consumer loans | $ | — |  | 24 |  | 27 |  | 47 |  | 44 |  | 15 |  | 59 |  | 1 |  | 217 |
For the six months ended June 30, 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 | $ | — |  | — |  | — |  | — |  | — |  | 1 |  | — |  | — |  | 1 |
Consumer loans: |  |  |  |  |  |  |  |  |
Home equity | — |  | — |  | — |  | — |  | — |  | — |  | 3 |  | — |  | 3 |
Indirect secured consumer loans | — |  | 13 |  | 20 |  | 22 |  | 8 |  | 6 |  | — |  | — |  | 69 |
Credit card | — |  | — |  | — |  | — |  | — |  | — |  | 42 |  | — |  | 42 |
Solar energy installation loans | — |  | 6 |  | 25 |  | 13 |  | — |  | — |  | — |  | — |  | 44 |
Other consumer loans | — |  | 2 |  | 8 |  | 13 |  | 4 |  | 7 |  | 16 |  | 1 |  | 51 |
Total residential mortgage and consumer loans | $ | — |  | 21 |  | 53 |  | 48 |  | 12 |  | 14 |  | 61 |  | 1 |  | 210 |
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) | June 30, 2026 | December 31, 2025
Commercial loans and leases: |  |
Commercial and industrial loans | $ | 380 |  | 322 |
Commercial mortgage owner-occupied loans | 66 |  | 19 |
Commercial mortgage nonowner-occupied loans | 10 |  | 5 |
Commercial construction loans | 62 |  | — |
Commercial leases | 4 |  | — |
Total commercial loans and leases | $ | 522 |  | 346 |
Residential mortgage loans | 153 |  | 143 |
Consumer loans: |  |
Home equity | 71 |  | 70 |
Indirect secured consumer loans | 35 |  | 35 |
Total consumer loans | $ | 106 |  | 105 |
Total portfolio loans and leases | $ | 781 |  | 594 |
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:
| June 30, 2026 |  | December 31, 2025
($ in millions) | With an ALLL | No Related ALLL | Total |  | With an ALLL | No Related ALLL | Total
Commercial loans and leases: |  |  |  |  |  |  |
Commercial and industrial loans | $ | 377 |  | 78 |  | 455 |  |  | 350 |  | 43 |  | 393 |
Commercial mortgage owner-occupied loans | 50 |  | 33 |  | 83 |  |  | 16 |  | 13 |  | 29 |
Commercial mortgage nonowner-occupied loans | 10 |  | 1 |  | 11 |  |  | 5 |  | — |  | 5 |
Commercial construction loans | — |  | 62 |  | 62 |  |  | — |  | — |  | — |
Commercial leases | 4 |  | — |  | 4 |  |  | — |  | — |  | — |
Total nonaccrual portfolio commercial loans and leases | $ | 441 |  | 174 |  | 615 |  |  | 371 |  | 56 |  | 427 |
Residential mortgage loans | 96 |  | 80 |  | 176 |  |  | 69 |  | 80 |  | 149 |
Consumer loans: |  |  |  |  |  |  |
Home equity | 80 |  | 51 |  | 131 |  |  | 23 |  | 48 |  | 71 |
Indirect secured consumer loans | 53 |  | 9 |  | 62 |  |  | 52 |  | 9 |  | 61 |
Credit card | 29 |  | — |  | 29 |  |  | 29 |  | — |  | 29 |
Solar energy installation loans | 23 |  | — |  | 23 |  |  | 22 |  | — |  | 22 |
Other consumer loans | 5 |  | — |  | 5 |  |  | 8 |  | — |  | 8 |
Total nonaccrual portfolio consumer loans | $ | 190 |  | 60 |  | 250 |  |  | 134 |  | 57 |  | 191 |
Total nonaccrual portfolio loans and leases(a)(b) | $ | 727 |  | 314 |  | 1,041 |  |  | 574 |  | 193 |  | 767 |
OREO and other repossessed property | — |  | 34 |  | 34 |  |  | — |  | 30 |  | 30 |
Total nonperforming portfolio assets(a)(b) | $ | 727 |  | 348 |  | 1,075 |  |  | 574 |  | 223 |  | 797 |
(a)Excludes $167 and $70 of nonaccrual loans held for sale as of June 30, 2026 and December 31, 2025, respectively. (b)Includes $35 and $21 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of June 30, 2026 and December 31, 2025, respectively. The Bancorp recognized an immaterial amount of interest income on nonaccrual loans and leases for both the three and six months ended June 30, 2026 and 2025. 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 $189 million and $110 million as of June 30, 2026 and December 31, 2025, 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 $737 million and $377 million as of June 30, 2026 and 2025, respectively, were modified during the three months ended June 30, 2026 and 2025, respectively, and $1.1 billion and $526 million were modified during the six months ended June 30, 2026 and 2025, respectively, for borrowers experiencing financial difficulty, as further discussed in the following sections. These modifications for the three months ended June 30, 2026 and 2025 represented 0.41% and 0.31%, respectively, of total portfolio loans and leases as of June 30, 2026 and 2025, respectively, and 0.59% and 0.43% for the six months ended June 30, 2026 and 2025, respectively. These amounts excluded $22 million and $19 million for the three months ended June 30, 2026 and 2025, respectively, and $38 million and $31 million for the six months ended June 30, 2026 and 2025, 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 June 30, 2026 and December 31, 2025, the Bancorp had commitments of $321 million and $69 million, respectively, to lend additional funds to borrowers experiencing financial difficulty whose terms have been modified during the twelve months ended June 30, 2026 and December 31, 2025, respectively. Commercial portfolio segment Commercial loan modifications are individually negotiated and may vary depending on the borrower’s financial situation, but the Bancorp most commonly utilizes term extensions for periods of three to twelve months. The Bancorp may also consider offering commercial borrowers interest rate reductions or payment delays, which may be combined with a term extension. The following tables present the amortized cost basis as of June 30, 2026 and 2025 of the Bancorp’s commercial portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification:
For the three months ended June 30, 2026 ($ in millions) | Term Extension |  | Term Extension and Payment Delay | Payment Delay | Other | Total | % of Total Class
Commercial and industrial loans | $ | 511 |  |  | 13 |  | — |  | 1 |  | 525 |  | 0.61 |
Commercial mortgage owner-occupied loans | 77 |  |  | — |  | 2 |  | — |  | 79 |  | 0.65 |
Commercial mortgage nonowner-occupied loans | 83 |  |  | — |  | — |  | — |  | 83 |  | 0.55 |
Commercial construction loans | 33 |  |  | — |  | — |  | — |  | 33 |  | 0.39 |
Total commercial portfolio loans | $ | 704 |  |  | 13 |  | 2 |  | 1 |  | 720 |  | 0.59 |
For the three months ended June 30, 2025 ($ in millions) | Term Extension | Term Extension and Payment Delay |  | Payment Delay | Other | Total | % of Total Class
Commercial and industrial loans | $ | 80 |  | — |  |  | 163 |  | — |  | 243 |  | 0.46 |
Commercial mortgage owner-occupied loans | 48 |  | — |  |  | 1 |  | — |  | 49 |  | 0.83 |
Commercial mortgage nonowner-occupied loans | — |  | — |  |  | — |  | — |  | — |  | — |
Commercial construction loans | 41 |  | — |  |  | — |  | — |  | 41 |  | 0.74 |
Total commercial portfolio loans | $ | 169 |  | — |  |  | 164 |  | — |  | 333 |  | 0.47 |
For the six months ended June 30, 2026 ($ in millions) | Term Extension |  |  | Term Extension and Payment Delay | Payment Delay | Other | Total | % of Total Class
Commercial and industrial loans | $ | 734 |  |  |  | 21 |  | — |  | 20 |  | 775 |  | 0.90 |
Commercial mortgage owner-occupied loans | 80 |  |  |  | — |  | 2 |  | — |  | 82 |  | 0.67 |
Commercial mortgage nonowner-occupied loans | 85 |  |  |  | — |  | — |  | — |  | 85 |  | 0.57 |
Commercial construction loans | 67 |  |  |  | — |  | — |  | — |  | 67 |  | 0.79 |
Total commercial portfolio loans | $ | 966 |  |  |  | 21 |  | 2 |  | 20 |  | 1,009 |  | 0.83 |
For the six months ended June 30, 2025 ($ in millions) | Term Extension | Term Extension and Payment Delay |  | Payment Delay | Other | Total | % of Total Class
Commercial and industrial loans | $ | 116 |  | 4 |  |  | 163 |  | — |  | 283 |  | 0.53 |
Commercial mortgage owner-occupied loans | 53 |  | 23 |  |  | 1 |  | — |  | 77 |  | 1.31 |
Commercial mortgage nonowner-occupied loans | 2 |  | — |  |  | — |  | — |  | 2 |  | 0.03 |
Commercial construction loans | 50 |  | — |  |  | 43 |  | — |  | 93 |  | 1.68 |
Total commercial portfolio loans | $ | 221 |  | 27 |  |  | 207 |  | — |  | 455 |  | 0.64 |
Financial effects of loan modifications The following tables present the financial effects of the Bancorp’s significant types of commercial portfolio loan modifications to borrowers experiencing financial difficulty, by portfolio class:
|  | For the three months ended June 30,
| Financial Effects | 2026 | 2025
Commercial and industrial loans | Weighted-average length of term extensions | 9 months | 20 months
| Weighted-average length of payment delay | 6 months | 9 months
Commercial mortgage owner-occupied loans | Weighted-average length of term extensions | 5 months | 6 months
| Weighted-average length of payment delay | 1 month | 6 months
Commercial mortgage nonowner-occupied loans | Weighted-average length of term extensions | 9 months | N/A
Commercial construction loans | Weighted-average length of term extensions | 3 months | 12 months
|  | For the six months ended June 30,
| Financial Effects | 2026 | 2025
Commercial and industrial loans | Weighted-average length of term extensions | 9 months | 16 months
| Weighted-average length of payment delay | 5 months | 9 months
Commercial mortgage owner-occupied loans | Weighted-average length of term extensions | 5 months | 7 months
| Weighted-average length of payment delay | 1 month | 10 months
Commercial mortgage nonowner-occupied loans | Weighted-average length of term extensions | 9 months | 6 months
Commercial construction loans | Weighted-average length of term extensions | 6 months | 12 months
| Weighted-average length of payment delay | N/A | 7 months
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 June 30, 2026 and 2025 for the Bancorp’s commercial portfolio loans that were modified during the twelve months ended June 30, 2026 and 2025, respectively, for borrowers experiencing financial difficulty, by age and portfolio class:
June 30, 2026 ($ in millions) |  | Past Due |
Current | 30-89 Days | 90 Days or More | Total
Commercial and industrial loans | $ | 801 |  | 24 |  | 9 |  | 834 |
Commercial mortgage owner-occupied loans | 84 |  | — |  | — |  | 84 |
Commercial mortgage nonowner-occupied loans | 167 |  | 2 |  | — |  | 169 |
Commercial construction loans | 97 |  | — |  | — |  | 97 |
Total commercial portfolio loans | $ | 1,149 |  | 26 |  | 9 |  | 1,184 |
June 30, 2025 ($ in millions) |  | Past Due |
Current | 30-89 Days | 90 Days or More | Total
Commercial and industrial loans | $ | 321 |  | 3 |  | 62 |  | 386 |
Commercial mortgage owner-occupied loans | 100 |  | — |  | 23 |  | 123 |
Commercial mortgage nonowner-occupied loans | 51 |  | — |  | — |  | 51 |
Commercial construction loans | 118 |  | — |  | — |  | 118 |
Total commercial portfolio loans | $ | 590 |  | 3 |  | 85 |  | 678 |
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 of commercial portfolio loans as of June 30, 2026 and 2025 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the three months ended June 30, 2026 and 2025, respectively, and were within twelve months of the modification date:
June 30, 2026 ($ in millions) | Term Extension |  | Payment Delay |  | Term Extension and Payment Delay |  | Other | Total
Commercial and industrial loans | $ | 28 |  |  | — |  |  | 8 |  |  | 19 |  | 55 |
Commercial mortgage owner-occupied loans | — |  |  | — |  |  | — |  |  | — |  | — |
Commercial construction loans | — |  |  | — |  |  | 31 |  |  | — |  | 31 |
Total commercial portfolio loans | $ | 28 |  |  | — |  |  | 39 |  |  | 19 |  | 86 |
June 30, 2025 ($ in millions) | Term Extension |  | Payment Delay |  | Term Extension and Payment Delay |  | Other | Total
Commercial and industrial loans | $ | 1 |  |  | 43 |  |  | — |  |  | — |  | 44 |
Commercial mortgage owner-occupied loans | — |  |  | — |  |  | — |  |  | — |  | — |
Commercial construction loans | — |  |  | — |  |  | — |  |  | — |  | — |
Total commercial portfolio loans | $ | 1 |  |  | 43 |  |  | — |  |  | — |  | 44 |
The following tables present the amortized cost basis as of June 30, 2026 and 2025 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the six months ended June 30, 2026 and 2025, respectively, and were within twelve months of the modification date:
June 30, 2026 ($ in millions) | Term Extension |  | Payment Delay |  | Term Extension and Payment Delay |  | Other | Total
Commercial and industrial loans | $ | 50 |  |  | — |  |  | 8 |  |  | 19 |  | 77 |
Commercial mortgage owner-occupied loans | — |  |  | — |  |  | — |  |  | — |  | — |
Commercial construction loans | — |  |  | — |  |  | 31 |  |  | — |  | 31 |
Total commercial portfolio loans | $ | 50 |  |  | — |  |  | 39 |  |  | 19 |  | 108 |
June 30, 2025 ($ in millions) | Term Extension |  | Payment Delay |  | Term Extension and Payment Delay |  | Other | Total
Commercial and industrial loans | $ | 1 |  |  | 52 |  |  | 3 |  |  | — |  | 56 |
Commercial mortgage owner-occupied loans | — |  |  | — |  |  | 23 |  |  | — |  | 23 |
Commercial construction loans | — |  |  | — |  |  | — |  |  | — |  | — |
Total commercial portfolio loans | $ | 1 |  |  | 52 |  |  | 26 |  |  | — |  | 79 |
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. Refer to 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, 2025 for additional information on the Bancorp’s residential mortgage loan modification programs. The following tables present the amortized cost basis as of June 30, 2026 and 2025 of the Bancorp’s residential mortgage portfolio loans that were modified for borrowers experiencing financial difficulty, by type of modification:
| June 30, 2026 | June 30, 2025
For the three months ended ($ in millions) | Total | % of Total Class | Total | % of Total Class
Payment delay | $ | 2 |  | 0.01 | $ | — |  | — |
Term extension and payment delay | 5 |  | 0.03 | 22 |  | 0.12 |
Term extension, interest rate reduction and payment delay | — |  | — | 12 |  | 0.07 |
Total residential mortgage portfolio loans | $ | 7 |  | 0.04 | $ | 34 |  | 0.19 |
| June 30, 2026 | June 30, 2025
For the six months ended ($ in millions) | Total | % of Total Class | Total | % of Total Class
Payment delay | $ | 2 |  | — |  | $ | — |  | — |
Term extension and payment delay | 14 |  | 0.07 | 38 |  | 0.21 |
Term extension, interest rate reduction and payment delay | 7 |  | 0.04 | 13 |  | 0.07 |
Total residential mortgage portfolio loans | $ | 23 |  | 0.12 | $ | 51 |  | 0.29 |
The Bancorp had $69 million and $3 million of trial modifications to residential mortgage loans outstanding as of June 30, 2026 and 2025, respectively, which are excluded from the completed modification activity in the table above. These trial modifications will be reported as completed modifications once the borrower satisfies the applicable contingencies in the modification agreement and the loan is contractually modified to make the modified terms permanent. Consumer portfolio segment The Bancorp’s modification programs for consumer loans vary based on type of loan. Refer to Note 6 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025 for additional information on the Bancorp’s consumer loan modification programs. The following tables present the amortized cost basis as of June 30, 2026 and 2025 of the Bancorp’s consumer portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification:
For the three months ended June 30, 2026 ($ in millions) | Interest Rate Reduction | Payment Delay |  |  |  | Other | Total | % of Total Class
Home equity | $ | 1 |  | — |  |  |  |  | 2 |  | 3 |  | 0.04 |
Credit card | 6 |  | — |  |  |  |  | — |  | 6 |  | 0.36 |
Solar energy installation loans | — |  | — |  |  |  |  | — |  | — |  | — |
Other consumer loans | — |  | 1 |  |  |  |  | — |  | 1 |  | 0.04 |
Total consumer portfolio loans | $ | 7 |  | 1 |  |  |  |  | 2 |  | 10 |  | 0.03 |
For the three months ended June 30, 2025 ($ in millions) | Interest Rate Reduction | Payment Delay |  |  |  | Other | Total | % of Total Class
Home equity | $ | — |  | — |  |  |  |  | 3 |  | 3 |  | 0.07 |
Credit card | 5 |  | — |  |  |  |  | — |  | 5 |  | 0.29 |
Solar energy installation loans | — |  | 1 |  |  |  |  | — |  | 1 |  | 0.02 |
Other consumer loans | — |  | 1 |  |  |  |  | — |  | 1 |  | 0.04 |
Total consumer portfolio loans | $ | 5 |  | 2 |  |  |  |  | 3 |  | 10 |  | 0.03 |
For the six months ended June 30, 2026 ($ in millions) | Interest Rate Reduction | Payment Delay |  |  | Other | Total | % of Total Class
Home equity | $ | 2 |  | — |  |  |  | 6 |  | 8 |  | 0.12 |
Credit card | 11 |  | — |  |  |  | — |  | 11 |  | 0.65 |
Solar energy installation loans | — |  | 1 |  |  |  | — |  | 1 |  | 0.02 |
Other consumer loans | — |  | 1 |  |  |  | — |  | 1 |  | 0.04 |
Total consumer portfolio loans | $ | 13 |  | 2 |  |  |  | 6 |  | 21 |  | 0.06 |
For the six months ended June 30, 2025 ($ in millions) | Interest Rate Reduction | Payment Delay |  |  | Other | Total | % of Total Class
Home equity | $ | 1 |  | — |  |  |  | 6 |  | 7 |  | 0.16 |
Credit card | 10 |  | — |  |  |  | — |  | 10 |  | 0.59 |
Solar energy installation loans | — |  | 1 |  |  |  | — |  | 1 |  | 0.02 |
Other consumer loans | — |  | 2 |  |  |  | — |  | 2 |  | 0.08 |
Total consumer portfolio loans | $ | 11 |  | 3 |  |  |  | 6 |  | 20 |  | 0.07 |

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