Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Schedule of Credit Extension Commitment Expirations

The following table includes the notional amount of commitments of $2.5 billion and $2.4 billion at March 31, 2026 and December 31, 2025 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $68 million and $67 million at March 31, 2026 and December 31, 2025, which is classified in accrued expenses and other liabilities. For more information regarding the Corporation’s loan commitments accounted for under the fair value option, see Note 15 – Fair Value Option.



Credit Extension Commitments

	Expire in One Year or Less		Expire After One Year Through Three Years		Expire After Three Years Through Five Years		Expire After Five Years		Total
(Dollars in millions)	March 31, 2026
Notional amount of credit extension commitments
Loan commitments (1)	$	146,767	$	215,436	$	242,960	$	22,371	$	627,534
Home equity lines of credit	4,350		9,323		6,473		22,826		42,972
Standby letters of credit and financial guarantees (2)	24,077		10,339		4,747		456		39,619
Letters of credit	659		34		18		39		750
Other commitments (3)	13		51		65		1,008		1,137
Legally binding commitments	175,866		235,183		254,263		46,700		712,012
Credit card lines (4)	485,759		—		—		—		485,759
Total credit extension commitments	$	661,625	$	235,183	$	254,263	$	46,700	$	1,197,771

	December 31, 2025
Notional amount of credit extension commitments
Loan commitments (1)	$	139,725	$	224,524	$	244,340	$	24,587	$	633,176
Home equity lines of credit	4,247		9,808		7,240		21,787		43,082
Standby letters of credit and financial guarantees (2)	24,086		9,626		4,018		386		38,116
Letters of credit	639		46		19		44		748
Other commitments (3)	15		57		54		1,002		1,128
Legally binding commitments	168,712		244,061		255,671		47,806		716,250
Credit card lines (4)	476,926		—		—		—		476,926
Total credit extension commitments	$	645,638	$	244,061	$	255,671	$	47,806	$	1,193,176

(1) At March 31, 2026 and December 31, 2025, $3.5 billion and $3.4 billion of these loan commitments were held in the form of a security.

(2) The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $28.4 billion and $10.2 billion at March 31, 2026, and $26.8 billion and $10.4 billion at December 31, 2025. Amounts in the table include consumer SBLCs of $1.0 billion and $987 million at March 31, 2026 and December 31, 2025.

(3) Primarily includes second-loss positions on lease-end residual value guarantees.

(4) Includes business card unused lines of credit.