Outstanding Loans and Leases and Allowance for Credit Losses (Tables)

v3.26.1

Outstanding Loans and Leases and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2026
Receivables [Abstract]
Schedule of Loans and Leases Outstanding	The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at March 31, 2026 and December 31, 2025. 30-59 Days  Past Due (1) 60-89 Days  Past Due (1) 90 Days or More Past Due (1) Total Past Due 30 Days or More Total  Current or  Less Than  30 Days  Past Due (1) Loans  Accounted  for Under  the Fair  Value  Option Total Outstandings (Dollars in millions) March 31, 2026 Consumer real estate             Residential mortgage $ 1,303  $ 279  $ 896  $ 2,478  $ 233,698  $ 236,176  Home equity 79  31  122  232  26,530  26,762  Credit card and other consumer Credit card 673  498  1,341  2,512  100,321  102,833  Direct/Indirect consumer (2) 286  116  98  500  113,454  113,954  Other consumer —  —  —  —  153  153  Total consumer 2,341  924  2,457  5,722  474,156  479,878  Consumer loans accounted for under the fair value option (3) $ 158  158  Total consumer loans and leases 2,341  924  2,457  5,722  474,156  158  480,036  Commercial U.S. commercial 1,491  280  545  2,316  449,635  451,951  Non-U.S. commercial 162  34  66  262  160,460  160,722  Commercial real estate (4) 159  12  760  931  68,684  69,615  Commercial lease financing 65  9  55  129  15,816  15,945  U.S. small business commercial 213  93  225  531  22,636  23,167  Total commercial 2,090  428  1,651  4,169  717,231  721,400  Commercial loans accounted for under the fair value option (3) 3,599  3,599  Total commercial loans and leases 2,090  428  1,651  4,169  717,231  3,599  724,999  Total loans and leases (5) $ 4,431  $ 1,352  $ 4,108  $ 9,891  $ 1,191,387  $ 3,757  $ 1,205,035  Percentage of outstandings 0.37  % 0.11  % 0.34  % 0.82  % 98.87  % 0.31  % 100.00  % (1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $166 million and nonperforming loans of $159 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $53 million and nonperforming loans of $99 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $240 million and nonperforming loans of $777 million. Consumer real estate loans current or less than 30 days past due includes $1.5 billion, and direct/indirect consumer includes $61 million of nonperforming loans. (2)Total outstandings primarily includes auto and specialty lending loans and leases of $53.9 billion, U.S. securities-based lending loans of $56.2 billion and non-U.S. consumer loans of $3.1 billion. (3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $56 million and home equity loans of $102 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.5 billion and non-U.S. commercial loans of $1.1 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option. (4)Total outstandings includes U.S. commercial real estate loans of $64.2 billion and non-U.S. commercial real estate loans of $5.5 billion. (5)Total outstandings includes loans and leases of $47.4 billion pledged as collateral to the Federal Home Loan Bank (FHLB). The Corporation also pledged $315.9 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank (FRB) and FHLB. 30-59 Days Past Due (1) 60-89 Days  Past Due (1) 90 Days or More Past Due (1) Total Past Due 30 Days or More Total Current or Less Than 30 Days Past Due (1) Loans Accounted for Under the Fair Value Option Total Outstandings (Dollars in millions) December 31, 2025 Consumer real estate             Residential mortgage $ 1,335  $ 304  $ 774  $ 2,413  $ 233,889  $ 236,302  Home equity 87  33  120  240  26,583  26,823  Credit card and other consumer           Credit card 711  542  1,351  2,604  103,423    106,027  Direct/Indirect consumer (2) 324  114  109  547  113,583    114,130  Other consumer  —  —  —  —  144    144  Total consumer 2,457  993  2,354  5,804  477,622  483,426  Consumer loans accounted for under the fair value option (3) $ 165  165  Total consumer loans and leases 2,457  993  2,354  5,804  477,622  165  483,591  Commercial               U.S. commercial 743  228  702  1,673  434,569    436,242  Non-U.S. commercial 78  10  59  147  154,898    155,045  Commercial real estate (4) 190  41  909  1,140  67,608    68,748  Commercial lease financing 67  17  75  159  16,082    16,241  U.S. small business commercial 228  96  211  535  21,965    22,500  Total commercial 1,306  392  1,956  3,654  695,122    698,776  Commercial loans accounted for under the fair value option (3) 3,333  3,333  Total commercial loans and leases 1,306  392  1,956  3,654  695,122  3,333  702,109  Total loans and leases (5) $ 3,763  $ 1,385  $ 4,310  $ 9,458  $ 1,172,744  $ 3,498  $ 1,185,700  Percentage of outstandings 0.32  % 0.12  % 0.36  % 0.80  % 98.91  % 0.29  % 100.00  % (1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $179 million and nonperforming loans of $164 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $63 million and nonperforming loans of $105 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $207 million and nonperforming loans of $687 million. Consumer real estate loans current or less than 30 days past due includes $1.4 billion, and direct/indirect consumer includes $45 million of nonperforming loans. (2)Total outstandings primarily includes auto and specialty lending loans and leases of $55.3 billion, U.S. securities-based lending loans of $55.0 billion and non-U.S. consumer loans of $3.0 billion. (3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $58 million and home equity loans of $107 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.1 billion and non-U.S. commercial loans of $1.2 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option. (4)Total outstandings includes U.S. commercial real estate loans of $62.7 billion and non-U.S. commercial real estate loans of $6.0 billion. (5)Total outstandings includes loans and leases of $39.5 billion pledged as collateral to the FHLB. The Corporation also pledged $313.7 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the FRB and FHLB.
Schedule of Financing Receivables, Non Accrual Status	The following table presents the Corporation’s nonperforming loans and leases and loans accruing past due 90 days or more at March 31, 2026 and December 31, 2025. Nonperforming loans held-for-sale (LHFS) are excluded from nonperforming loans and leases, as they are recorded at either fair value or the lower of cost or fair value. For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2025 Annual Report on Form 10-K. Credit Quality Nonperforming Loans and Leases Accruing Past Due 90 Days or More (Dollars in millions) March 31 2026 December 31 2025 March 31 2026 December 31 2025 Residential mortgage (1) $ 2,103  $ 2,008  $ 240  $ 207  With no related allowance (2) 1,853  1,774  —  —  Home equity (1) 391  392  —  —  With no related allowance (2) 313  310  —  —  Credit Card             n/a             n/a 1,341  1,351  Direct/indirect consumer 186  176  1  5  Total consumer 2,680  2,576  1,582  1,563  U.S. commercial 1,488  1,404  178  302  Non-U.S. commercial 334  80  5  9  Commercial real estate 1,191  1,596  22  10  Commercial lease financing 85  97  21  33  U.S. small business commercial 53  51  209  204  Total commercial 3,151  3,228  435  558  Total nonperforming loans $ 5,831  $ 5,804  $ 2,017  $ 2,121  Percentage of outstanding loans and leases 0.49  % 0.49  % 0.17  % 0.18  % (1)Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At March 31, 2026 and December 31, 2025 residential mortgage included $115 million and $104 million of loans on which interest had been curtailed by the Federal Housing Administration (FHA), and therefore were no longer accruing interest, although principal was still insured, and $125 million and $103 million of loans on which interest was still accruing. (2)Primarily relates to loans for which the estimated fair value of the underlying collateral less any costs to sell is greater than the amortized cost of the loans as of the reporting date. n/a = not applicable
Financing Receivable Credit Quality Indicators	The following tables present certain credit quality indicators and gross charge-offs for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at March 31, 2026. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of March 31,  2026 2026 2025 2024 2023 2022 Prior Residential Mortgage Refreshed LTV       Less than or equal to 90 percent $ 223,480  $ 6,335  $ 21,511  $ 13,236  $ 11,866  $ 36,432  $ 134,100  Greater than 90 percent but less than or equal to 100 percent 2,371  92  709  598  372  414  186  Greater than 100 percent 1,441  133  485  410  151  160  102  Fully-insured loans 8,884  4  161  199  164  272  8,084  Total Residential Mortgage $ 236,176  $ 6,564  $ 22,866  $ 14,443  $ 12,553  $ 37,278  $ 142,472  Residential Mortgage Refreshed FICO score Less than 620 $ 3,121  $ 50  $ 216  $ 240  $ 188  $ 530  $ 1,897  Greater than or equal to 620 and less than 660 2,283  37  182  137  147  378  1,402  Greater than or equal to 660 and less than 740 24,438  486  2,419  1,663  1,397  4,134  14,339  Greater than or equal to 740 197,450  5,987  19,888  12,204  10,657  31,964  116,750  Fully-insured loans 8,884  4  161  199  164  272  8,084  Total Residential Mortgage $ 236,176  $ 6,564  $ 22,866  $ 14,443  $ 12,553  $ 37,278  $ 142,472  Gross charge-offs for the three months ended March 31, 2026 $ 9  $ —  $ 1  $ 3  $ 1  $ 2  $ 2  Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) March 31, 2026 Home Equity Refreshed LTV       Less than or equal to 90 percent $ 26,596  $ 667  $ 22,849  $ 3,080  Greater than 90 percent but less than or equal to 100 percent 96  6  86  4  Greater than 100 percent 70  8  53  9  Total Home Equity $ 26,762  $ 681  $ 22,988  $ 3,093  Home Equity Refreshed FICO score Less than 620 $ 706  $ 65  $ 408  $ 233  Greater than or equal to 620 and less than 660 588  43  377  168  Greater than or equal to 660 and less than 740 4,990  164  4,042  784  Greater than or equal to 740 20,478  409  18,161  1,908  Total Home Equity $ 26,762  $ 681  $ 22,988  $ 3,093  Gross charge-offs for the three months ended March 31, 2026 $ 7  $ —  $ 5  $ 2  (1)Includes reverse mortgages of $451 million and home equity loans of $230 million, which are no longer originated. Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage Direct/Indirect Term Loans by Origination Year Credit Card (Dollars in millions) Total Direct/ Indirect as of March 31, 2026 Revolving Loans 2026 2025 2024 2023 2022 Prior Total Credit Card as of March 31, 2026 Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score     Less than 620 $ 1,538  $ 7  $ 25  $ 348  $ 379  $ 370  $ 272  $ 137  $ 6,172  $ 5,784  $ 388  Greater than or equal to 620 and less than 660 1,225  3  68  368  294  236  167  89  5,799  5,546  253  Greater than or equal to 660 and less than 740 8,917  33  941  3,345  1,995  1,278  830  495  40,131  39,621  510  Greater than or equal to 740 42,266  42  4,087  16,226  10,272  5,721  3,505  2,413  50,731  50,644  87  Other internal credit    metrics (2,3) 60,008  59,306  62  216  60  40  69  255  —  —  —  Total credit card and other    consumer $ 113,954  $ 59,391  $ 5,183  $ 20,503  $ 13,000  $ 7,645  $ 4,843  $ 3,389  $ 102,833  $ 101,595  $ 1,238  Gross charge-offs for the three months ended March 31, 2026 $ 105  $ 1  $ —  $ 39  $ 21  $ 19  $ 13  $ 12  $ 1,144  $ 1,102  $ 42  (1)Represents loans that were modified into term loans. (2)Other internal credit metrics may include delinquency status, geography or other factors. (3)Direct/indirect consumer includes $59.3 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at March 31, 2026. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of March 31, 2026 2026 2025 2024 2023 2022 Prior Revolving Loans U.S. Commercial Risk ratings         Pass rated $ 439,963  $ 15,830  $ 55,863  $ 35,821  $ 21,994  $ 26,036  $ 51,366  $ 233,053  Reservable criticized 11,988  3  220  877  1,017  984  2,465  6,422  Total U.S. Commercial $ 451,951  $ 15,833  $ 56,083  $ 36,698  $ 23,011  $ 27,020  $ 53,831  $ 239,475  Gross charge-offs for the three months ended March 31, 2026 $ 141  $ —  $ 3  $ 3  $ 9  $ 23  $ 20  $ 83  Non-U.S. Commercial Risk ratings Pass rated $ 158,285  $ 4,533  $ 24,120  $ 18,941  $ 9,062  $ 7,894  $ 14,597  $ 79,138  Reservable criticized 2,437  —  244  106  395  186  175  1,331  Total Non-U.S. Commercial $ 160,722  $ 4,533  $ 24,364  $ 19,047  $ 9,457  $ 8,080  $ 14,772  $ 80,469  Gross charge-offs for the three months ended March 31, 2026 $ 7  $ —  $ —  $ —  $ 7  $ —  $ —  $ —  Commercial Real Estate Risk ratings Pass rated $ 61,998  $ 2,896  $ 11,847  $ 5,427  $ 4,107  $ 7,533  $ 19,362  $ 10,826  Reservable criticized 7,617  9  5  172  248  2,119  4,504  560  Total Commercial Real Estate $ 69,615  $ 2,905  $ 11,852  $ 5,599  $ 4,355  $ 9,652  $ 23,866  $ 11,386  Gross charge-offs for the three months ended March 31, 2026 $ 89  $ —  $ —  $ —  $ —  $ 2  $ 87  $ —  Commercial Lease Financing Risk ratings Pass rated $ 15,401  $ 591  $ 3,805  $ 2,905  $ 2,561  $ 1,655  $ 3,884  $ —  Reservable criticized 544  —  24  102  151  112  155  —  Total Commercial Lease Financing $ 15,945  $ 591  $ 3,829  $ 3,007  $ 2,712  $ 1,767  $ 4,039  $ —  Gross charge-offs for the three months ended March 31, 2026 $ 13  $ —  $ —  $ 1  $ 6  $ 4  $ 2  $ —  U.S. Small Business Commercial (2) Risk ratings Pass rated $ 11,213  $ 553  $ 2,384  $ 1,863  $ 1,604  $ 1,407  $ 2,588  $ 814  Reservable criticized 627  —  26  115  187  103  189  7  Total U.S. Small Business Commercial $ 11,840  $ 553  $ 2,410  $ 1,978  $ 1,791  $ 1,510  $ 2,777  $ 821  Gross charge-offs for the three months ended March 31, 2026 $ 9  $ —  $ 1  $ —  $ 1  $ 1  $ 2  $ 4  Total $ 710,073  $ 24,415  $ 98,538  $ 66,329  $ 41,326  $ 48,029  $ 99,285  $ 332,151  Gross charge-offs for the three months ended March 31, 2026 $ 259  $ —  $ 4  $ 4  $ 23  $ 30  $ 111  $ 87  (1)Excludes $3.6 billion of loans accounted for under the fair value option at March 31, 2026. (2)Excludes U.S. Small Business Card loans of $11.3 billion. Refreshed FICO scores for this portfolio are $798 million for less than 620; $656 million for greater than or equal to 620 and less than 660; $3.7 billion for greater than or equal to 660 and less than 740; and $6.2 billion for greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $146 million. The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at December 31, 2025. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of December 31,  2025 2025 2024 2023 2022 2021 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 223,761  $ 22,998  $ 14,267  $ 12,431  $ 37,042  $ 69,829  $ 67,194  Greater than 90 percent but less than or equal to 100 percent 2,318  737  644  375  405  94  63  Greater than 100 percent 1,147  453  341  126  137  50  40  Fully-insured loans 9,076  157  198  167  277  2,890  5,387  Total Residential Mortgage $ 236,302  $ 24,345  $ 15,450  $ 13,099  $ 37,861  $ 72,863  $ 72,684  Residential Mortgage Refreshed FICO score Less than 620 $ 3,076  $ 197  $ 242  $ 193  $ 533  $ 724  $ 1,187  Greater than or equal to 620 and less than 660 2,277  192  150  143  408  540  844  Greater than or equal to 660 and less than 740 25,065  2,488  1,854  1,507  4,253  6,668  8,295  Greater than or equal to 740 196,808  21,311  13,006  11,089  32,390  62,041  56,971  Fully-insured loans 9,076  157  198  167  277  2,890  5,387  Total Residential Mortgage $ 236,302  $ 24,345  $ 15,450  $ 13,099  $ 37,861  $ 72,863  $ 72,684  Gross charge-offs for the year ended December 31, 2025 $ 24  $ —  $ 4  $ 6  $ 6  $ 2  $ 6  Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) December 31, 2025 Home Equity Refreshed LTV Less than or equal to 90 percent $ 26,686  $ 687  $ 22,909  $ 3,090  Greater than 90 percent but less than or equal to 100 percent 70  3  63  4  Greater than 100 percent 67  7  51  9  Total Home Equity $ 26,823  $ 697  $ 23,023  $ 3,103  Home Equity Refreshed FICO score Less than 620 $ 701  $ 67  $ 399  $ 235  Greater than or equal to 620 and less than 660 595  44  375  176  Greater than or equal to 660 and less than 740 5,036  173  4,057  806  Greater than or equal to 740 20,491  413  18,192  1,886  Total Home Equity $ 26,823  $ 697  $ 23,023  $ 3,103  Gross charge-offs for the year ended December 31, 2025 $ 16  $ —  $ 10  $ 6  (1)Includes reverse mortgages of $457 million and home equity loans of $240 million, which are no longer originated. Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage Direct/Indirect Term Loans by Origination Year Credit Card (Dollars in millions) Total Direct/Indirect as of December 31, 2025 Revolving Loans 2025 2024 2023 2022 2021 Prior Total Credit Card as of December 31, 2025 Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 1,560  $ 8  $ 274  $ 386  $ 404  $ 306  $ 141  $ 41  $ 6,255  $ 5,872  $ 383  Greater than or equal to 620 and less than 660 1,251  4  352  327  266  186  85  31  5,883  5,640  243  Greater than or equal to 660 and less than 740 9,117  37  3,739  2,236  1,491  986  439  189  41,176  40,679  497  Greater than or equal to 740 43,475  49  18,136  11,534  6,744  4,107  1,865  1,040  52,713  52,632  81  Other internal credit    metrics (2, 3) 58,727  57,999  222  66  31  174  39  196  —  —  —  Total credit card and other    consumer $ 114,130  $ 58,097  $ 22,723  $ 14,549  $ 8,936  $ 5,759  $ 2,569  $ 1,497  $ 106,027  $ 104,823  $ 1,204  Gross charge-offs for the year    ended December 31, 2025 $ 373  $ 6  $ 44  $ 110  $ 92  $ 64  $ 26  $ 31  $ 4,498  $ 4,338  $ 160  (1)Represents loans that were modified into term loans. (2)Other internal credit metrics may include delinquency status, geography or other factors. (3)Direct/indirect consumer includes $58.0 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at December 31, 2025. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of December 31, 2025 2025 2024 2023 2022 2021 Prior Revolving Loans U.S. Commercial Risk ratings         Pass rated $ 424,708  $ 61,845  $ 39,127  $ 23,611  $ 26,931  $ 16,001  $ 36,627  $ 220,566  Reservable criticized 11,534  164  772  965  946  611  2,091  5,985  Total U.S. Commercial $ 436,242  $ 62,009  $ 39,899  $ 24,576  $ 27,877  $ 16,612  $ 38,718  $ 226,551  Gross charge-offs for the year ended    December 31, 2025 $ 536  $ 3  $ 13  $ 35  $ 101  $ 12  $ 34  $ 338  Non-U.S. Commercial Risk ratings Pass rated $ 152,364  $ 25,753  $ 21,446  $ 9,613  $ 8,612  $ 9,223  $ 6,066  $ 71,651  Reservable criticized 2,681  120  117  478  311  63  114  1,478  Total Non-U.S. Commercial $ 155,045  $ 25,873  $ 21,563  $ 10,091  $ 8,923  $ 9,286  $ 6,180  $ 73,129  Gross charge-offs for the year ended    December 31, 2025 $ 33  $ —  $ —  $ 7  $ —  $ 8  $ —  $ 18  Commercial Real Estate Risk ratings Pass rated $ 60,435  $ 11,693  $ 5,607  $ 4,418  $ 8,136  $ 6,175  $ 13,796  $ 10,610  Reservable criticized 8,313  5  249  366  2,294  1,986  2,874  539  Total Commercial Real Estate $ 68,748  $ 11,698  $ 5,856  $ 4,784  $ 10,430  $ 8,161  $ 16,670  $ 11,149  Gross charge-offs for the year ended    December 31, 2025 $ 520  $ —  $ —  $ —  $ 56  $ 102  $ 360  $ 2  Commercial Lease Financing Risk ratings Pass rated $ 15,770  $ 3,916  $ 3,142  $ 2,763  $ 1,847  $ 1,625  $ 2,477  $ —  Reservable criticized 471  13  91  131  119  36  81  —  Total Commercial Lease Financing $ 16,241  $ 3,929  $ 3,233  $ 2,894  $ 1,966  $ 1,661  $ 2,558  $ —  Gross charge-offs for the year ended    December 31, 2025 $ 8  $ —  $ 2  $ 3  $ 2  $ 1  $ —  $ —  U.S. Small Business Commercial (2) Risk ratings Pass rated $ 11,001  $ 2,368  $ 1,908  $ 1,657  $ 1,471  $ 1,131  $ 1,670  $ 796  Reservable criticized 559  14  100  174  95  76  92  8  Total U.S. Small Business Commercial $ 11,560  $ 2,382  $ 2,008  $ 1,831  $ 1,566  $ 1,207  $ 1,762  $ 804  Gross charge-offs for the year ended    December 31, 2025 $ 32  $ —  $ 1  $ 2  $ 3  $ 2  $ 6  $ 18   Total $ 687,836  $ 105,891  $ 72,559  $ 44,176  $ 50,762  $ 36,927  $ 65,888  $ 311,633  Gross charge-offs for the year ended    December 31, 2025 $ 1,129  $ 3  $ 16  $ 47  $ 162  $ 125  $ 400  $ 376  (1) Excludes $3.3 billion of loans accounted for under the fair value option at December 31, 2025. (2) Excludes U.S. Small Business Card loans of $10.9 billion. Refreshed FICO scores for this portfolio are $785 million for less than 620; $651 million for greater than or equal to 620 and less than 660; $3.6 billion for greater than or equal to 660 and less than 740; and $5.9 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $555 million.
Troubled Debt Restructurings on Financing Receivables	The table below provides the ending amortized cost of the Corporation’s consumer real estate loans modified during the three months ended March 31, 2026 and 2025. Consumer Real Estate - Modifications to Borrowers in Financial Difficulty Forbearance and Other Payment Plans (1) Permanent Modification Total As a % of Financing Receivables (Dollars in millions) March 31, 2026 Residential Loans $ 117  $ 37  $ 154  0.07  % Home Equity 3  4  7  0.03  Total $ 120  $ 41  $ 161  0.06  March 31, 2025 Residential Loans $ 8  $ 42  $ 50  0.02  % Home Equity —  7  7  0.03  Total $ 8  $ 49  $ 57  0.02  (1)Limited to those modifications that had an other-than-insignificant delay in payment, including extended residential mortgage relief provided to borrowers for their home rebuilding efforts following the 2025 California wildfires. The table below presents the financial effect of modified consumer real estate loans. Financial Effect of Modified Consumer Real Estate Loans Three Months Ended March 31 2026 2025 Forbearance and Other Payment Plans Weighted-average duration Residential Mortgage 11 months 4 months Home Equity n/m n/m Permanent Modifications Weighted-average Term Extension Residential Mortgage 10.4 years 9.8 years Home Equity 7.2 years 18.4 years Weighted-average Interest Rate Reduction Residential Mortgage 1.62  % 1.41  % Home Equity 3.69  % 1.99  % n/m = not meaningful The table below provides aging information as of March 31, 2026 and 2025 for consumer real estate loans that were modified over the last 12 months. Consumer Real Estate - Payment Status of Modifications to Borrowers in Financial Difficulty Current 30–89 Days Past Due 90+ Days Past Due Total (Dollars in millions) March 31, 2026 Residential mortgage $ 120  $ 35  $ 156  $ 311  Home equity 16  1  3  20  Total $ 136  $ 36  $ 159  $ 331  March 31, 2025 Residential mortgage $ 111  $ 46  $ 51  $ 208  Home equity 27  2  2  31  Total $ 138  $ 48  $ 53  $ 239  The following table provides the ending amortized cost of commercial loans modified during the three months ended March 31, 2026 and 2025. Commercial Loans - Modifications to Borrowers in Financial Difficulty Term Extension Forbearances Interest Rate Reduction Total As a % of Financing Receivables (Dollars in millions) March 31, 2026 U.S. commercial $ 785 $ 44 $ — $ 829 0.18  % Non-U.S. commercial 13 — — 13 0.01  Commercial real estate 122 320 — 442 0.63  Total $ 920 $ 364 $ — $ 1,284 0.19  March 31, 2025 U.S. commercial $ 269 $ 33 $ — $ 302 0.08  % Non-U.S. commercial 15 9 — 24 0.02  Commercial real estate 636 421 — 1,057 1.61  Total $ 920 $ 463 $ — $ 1,383 0.23  The table below provides aging information as of March 31, 2026 and 2025 for commercial loans that were modified over the last 12 months. Commercial - Payment Status of Modified Loans to Borrowers in Financial Difficulty ​ Current 30–89 Days Past Due 90+ Days Past Due Total (Dollars in millions) March 31, 2026 U.S. Commercial $ 1,564  $ 658  $ 173  $ 2,395 Non-U.S. Commercial 49  —  —  49 Commercial Real Estate 949  —  527  1,476 Total $ 2,562  $ 658  $ 700  $ 3,920 March 31, 2025 U.S. Commercial $ 1,189  $ 27  $ 49  $ 1,265 Non-U.S. Commercial 55  9  —  64 Commercial Real Estate 1,996  103  678  2,777 Total $ 3,240  $ 139  $ 727  $ 4,106
Changes in the Allowance for Credit Losses	The changes in the allowance for credit losses, including net charge-offs and provision for loan and lease losses, are detailed in the table below. Consumer Real Estate Credit Card and Other Consumer Commercial Total (Dollars in millions) Three Months Ended March 31, 2026 Allowance for loan and lease losses, January 1 $ 416  $ 7,964  $ 4,823  $ 13,203  Loans and leases charged off (16) (1,316) (405) (1,737) Recoveries of loans and leases previously charged off 18  255  55  328  Net charge-offs 2  (1,061) (350) (1,409) Provision for loan and lease losses (1) 950  404  1,353  Other —  1  —  1  Allowance for loan and lease losses, March 31 417  7,854  4,877  13,148  Reserve for unfunded lending commitments, January 1 62  —  1,115  1,177  Provision for unfunded lending commitments 13  —  (29) (16) Reserve for unfunded lending commitments, March 31 75  —  1,086  1,161  Allowance for credit losses, March 31 $ 492  $ 7,854  $ 5,963  $ 14,309  Three Months Ended March 31, 2025 Allowance for loan and lease losses, January 1 $ 293  $ 8,277  $ 4,670  $ 13,240  Loans and leases charged off (6) (1,349) (378) (1,733) Recoveries of loans and leases previously charged off 18  218  45  281  Net charge-offs 12  (1,131) (333) (1,452) Provision for loan and lease losses 32  1,067  367  1,466  Other 3  (1) —  2  Allowance for loan and lease losses, March 31 340  8,212  4,704  13,256  Reserve for unfunded lending commitments, January 1 57  —  1,039  1,096  Provision for unfunded lending commitments —  —  14  14  Reserve for unfunded lending commitments, March 31 57  —  1,053  1,110  Allowance for credit losses, March 31 $ 397  $ 8,212  $ 5,757  $ 14,366