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

v3.26.1

Outstanding Loans and Leases and Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 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) June 30, 2026 Consumer real estate Residential mortgage $ 1,442  $ 284  $ 822  $ 2,548  $ 233,768  $ 236,316  Home equity 78  31  105  214  26,900  27,114  Credit card and other consumer Credit card 655  456  1,241  2,352  103,307  105,659  Direct/Indirect consumer (2) 274  130  87  491  117,836  118,327  Other consumer —  —  —  —  182  182  Total consumer 2,449  901  2,255  5,605  481,993  487,598  Consumer loans accounted for under the fair value option (3) $ 159  159  Total consumer loans and leases 2,449  901  2,255  5,605  481,993  159  487,757  Commercial U.S. commercial 431  227  588  1,246  455,386  456,632  Non-U.S. commercial 49  27  153  229  159,665  159,894  Commercial real estate (4) 52  102  699  853  70,244  71,097  Commercial lease financing 43  22  62  127  15,275  15,402  U.S. small business commercial 212  73  188  473  23,164  23,637  Total commercial 787  451  1,690  2,928  723,734  726,662  Commercial loans accounted for under the fair value option (3) 3,200  3,200  Total commercial loans and leases 787  451  1,690  2,928  723,734  3,200  729,862  Total loans and leases (5) $ 3,236  $ 1,352  $ 3,945  $ 8,533  $ 1,205,727  $ 3,359  $ 1,217,619  Percentage of outstandings 0.27  % 0.11  % 0.32  % 0.70  % 99.02  % 0.28  % 100.00  % (1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $148 million and nonperforming loans of $184 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $52 million and nonperforming loans of $105 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $219 million and nonperforming loans of $708 million. Consumer real estate loans current or less than 30 days past due includes $1.4 billion, and direct/indirect consumer includes $61 million of nonperforming loans. (2)Total outstandings primarily includes auto and specialty lending loans and leases of $52.4 billion, U.S. securities-based lending loans of $61.9 billion and non-U.S. consumer loans of $3.2 billion. (3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $55 million and home equity loans of $104 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.2 billion and non-U.S. commercial loans of $1.0 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 $65.9 billion and non-U.S. commercial real estate loans of $5.2 billion. (5)Total outstandings includes loans and leases of $47.2 billion pledged as collateral to the Federal Home Loan Bank (FHLB). The Corporation also pledged $322.6 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 June 30, 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) June 30 2026 December 31 2025 June 30 2026 December 31 2025 Residential mortgage (1) $ 2,049  $ 2,008  $ 219  $ 207  With no related allowance (2) 1,831  1,774  —  —  Home equity (1) 371  392  —  —  With no related allowance (2) 304  310  —  —  Credit Card             n/a             n/a 1,241  1,351  Direct/indirect consumer 170  176  1  5  Total consumer 2,590  2,576  1,461  1,563  U.S. commercial 1,674  1,404  127  302  Non-U.S. commercial 312  80  35  9  Commercial real estate 1,068  1,596  33  10  Commercial lease financing 62  97  25  33  U.S. small business commercial 45  51  181  204  Total commercial 3,161  3,228  401  558  Total nonperforming loans $ 5,751  $ 5,804  $ 1,862  $ 2,121  Percentage of outstanding loans and leases 0.47  % 0.49  % 0.15  % 0.18  % (1)Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At June 30, 2026 and December 31, 2025 residential mortgage included $119 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 $100 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 June 30, 2026. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of June 30,  2026 2026 2025 2024 2023 2022 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 224,140  $ 12,374  $ 19,225  $ 13,231  $ 12,368  $ 34,806  $ 132,136  Greater than 90 percent but less than or equal to 100 percent 2,230  208  674  561  314  345  128  Greater than 100 percent 1,294  227  462  289  115  112  89  Fully-insured loans 8,652  —  100  159  136  225  8,032  Total Residential Mortgage $ 236,316  $ 12,809  $ 20,461  $ 14,240  $ 12,933  $ 35,488  $ 140,385  Residential Mortgage Refreshed FICO score Less than 620 $ 3,055  $ 62  $ 144  $ 167  $ 166  $ 366  $ 2,150  Greater than or equal to 620 and less than 660 2,328  61  181  147  135  372  1,432  Greater than or equal to 660 and less than 740 24,755  1,116  2,314  1,598  1,451  3,908  14,368  Greater than or equal to 740 197,526  11,570  17,722  12,169  11,045  30,617  114,403  Fully-insured loans 8,652  —  100  159  136  225  8,032  Total Residential Mortgage $ 236,316  $ 12,809  $ 20,461  $ 14,240  $ 12,933  $ 35,488  $ 140,385  Gross charge-offs for the six months ended June 30, 2026 $ 18  $ —  $ 1  $ 5  $ 3  $ 3  $ 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) June 30, 2026 Home Equity Refreshed LTV Less than or equal to 90 percent $ 26,955  $ 636  $ 23,237  $ 3,082  Greater than 90 percent but less than or equal to 100 percent 90  5  81  4  Greater than 100 percent 69  7  54  8  Total Home Equity $ 27,114  $ 648  $ 23,372  $ 3,094  Home Equity Refreshed FICO score Less than 620 $ 693  $ 63  $ 418  $ 212  Greater than or equal to 620 and less than 660 573  41  372  160  Greater than or equal to 660 and less than 740 4,980  153  4,046  781  Greater than or equal to 740 20,868  391  18,536  1,941  Total Home Equity $ 27,114  $ 648  $ 23,372  $ 3,094  Gross charge-offs for the six months ended June 30, 2026 $ 14  $ —  $ 10  $ 4  (1)Includes reverse mortgages of $430 million and home equity loans of $218 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 June 30, 2026 Revolving Loans 2026 2025 2024 2023 2022 Prior Total Credit Card as of June 30, 2026 Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 1,467  $ 6  $ 92  $ 361  $ 350  $ 319  $ 232  $ 107  $ 5,912  $ 5,527  $ 385  Greater than or equal to 620 and less than 660 1,199  2  156  354  270  202  142  73  5,842  5,579  263  Greater than or equal to 660 and less than 740 8,682  28  1,749  2,980  1,747  1,070  705  403  40,841  40,302  539  Greater than or equal to 740 41,123  38  7,594  14,659  9,120  4,745  2,969  1,998  53,064  52,972  92  Other internal credit    metrics (2,3) 65,856  65,036  131  211  52  34  75  317  —  —  —  Total credit card and other    consumer $ 118,327  $ 65,110  $ 9,722  $ 18,565  $ 11,539  $ 6,370  $ 4,123  $ 2,898  $ 105,659  $ 104,380  $ 1,279  Gross charge-offs for the six months ended June 30, 2026 $ 193  $ 3  $ 2  $ 78  $ 36  $ 32  $ 22  $ 20  $ 2,294  $ 2,210  $ 84  (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 $65.0 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 June 30, 2026. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of June 30, 2026 2026 2025 2024 2023 2022 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 445,710  $ 26,996  $ 50,745  $ 34,596  $ 20,239  $ 23,850  $ 49,445  $ 239,839  Reservable criticized 10,922  36  340  985  898  791  2,182  5,690  Total U.S. Commercial $ 456,632  $ 27,032  $ 51,085  $ 35,581  $ 21,137  $ 24,641  $ 51,627  $ 245,529  Gross charge-offs for the six months ended    June 30, 2026 $ 339  $ 2  $ 12  $ 12  $ 11  $ 26  $ 52  $ 224  Non-U.S. Commercial Risk ratings Pass rated $ 157,466  $ 13,574  $ 20,461  $ 17,100  $ 8,475  $ 7,269  $ 12,409  $ 78,178  Reservable criticized 2,428  1  192  111  410  159  151  1,404  Total Non-U.S. Commercial $ 159,894  $ 13,575  $ 20,653  $ 17,211  $ 8,885  $ 7,428  $ 12,560  $ 79,582  Gross charge-offs for the six months ended    June 30, 2026 $ 61  $ —  $ 14  $ —  $ 7  $ 16  $ 3  $ 21  Commercial Real Estate Risk ratings Pass rated $ 64,713  $ 6,739  $ 11,610  $ 5,344  $ 3,632  $ 6,954  $ 19,109  $ 11,325  Reservable criticized 6,384  14  105  151  180  1,413  3,901  620  Total Commercial Real Estate $ 71,097  $ 6,753  $ 11,715  $ 5,495  $ 3,812  $ 8,367  $ 23,010  $ 11,945  Gross charge-offs for the six months ended    June 30, 2026 $ 94  $ —  $ —  $ —  $ —  $ 2  $ 92  $ —  Commercial Lease Financing Risk ratings Pass rated $ 14,797  $ 1,538  $ 3,769  $ 2,894  $ 2,376  $ 1,575  $ 2,645  $ —  Reservable criticized 605  1  30  99  161  113  201  —  Total Commercial Lease Financing $ 15,402  $ 1,539  $ 3,799  $ 2,993  $ 2,537  $ 1,688  $ 2,846  $ —  Gross charge-offs for the six months ended    June 30, 2026 $ 15  $ —  $ 1  $ 2  $ 6  $ 4  $ 2  $ —  U.S. Small Business Commercial (2) Risk ratings Pass rated $ 11,460  $ 1,037  $ 2,411  $ 1,815  $ 1,571  $ 1,376  $ 2,414  $ 836  Reservable criticized 604  —  60  128  168  83  158  7  Total U.S. Small Business Commercial $ 12,064  $ 1,037  $ 2,471  $ 1,943  $ 1,739  $ 1,459  $ 2,572  $ 843  Gross charge-offs for the six months ended    June 30, 2026 $ 21  $ —  $ 1  $ —  $ 4  $ 4  $ 3  $ 9  Total $ 715,089  $ 49,936  $ 89,723  $ 63,223  $ 38,110  $ 43,583  $ 92,615  $ 337,899  Gross charge-offs for the six months ended    June 30, 2026 $ 530  $ 2  $ 28  $ 14  $ 28  $ 52  $ 152  $ 254  (1)Excludes $3.2 billion of loans accounted for under the fair value option at June 30, 2026. (2)Excludes U.S. Small Business Card loans of $11.6 billion. Refreshed FICO scores for this portfolio are $796 million for less than 620; $665 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 $6.4 billion for greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $285 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 and six months ended June 30, 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 Forbearance and Other Payment Plans (1) Permanent Modification Total As a % of Financing Receivables (Dollars in millions) Three Months Ended June 30, 2026 Six Months Ended June 30, 2026 Residential Loans $ 115  $ 57  $ 172  0.07  % $ 135  $ 94  $ 229  0.10  % Home Equity —  4  4  0.01  3  7  10  0.04  Total $ 115  $ 61  $ 176  0.07  $ 138  $ 101  $ 239  0.09  Three Months Ended June 30, 2025 Six Months Ended June 30, 2025 Residential Loans $ 10  $ 58  $ 68  0.03  % $ 17  $ 98  $ 115  0.05  % Home Equity —  5  5  0.02  —  12  12  0.05  Total $ 10  $ 63  $ 73  0.03  $ 17  $ 110  $ 127  0.05  (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 June 30 Six Months Ended June 30 2026 2025 2026 2025 Forbearance and Other Payment Plans Weighted-average duration Residential Mortgage 5 months 6 months 11 months 6 months Home Equity n/m n/m n/m n/m Permanent Modifications Weighted-average Term Extension Residential Mortgage 10.1 years 9.2 years 10.2 years 9.4 years Home Equity 5.4 years 14.7 years 6.0 years 16.6 years Weighted-average Interest Rate Reduction Residential Mortgage 1.45  % 1.06  % 1.52  % 1.19  % Home Equity 2.29  % 2.27  % 2.93  % 2.23  % n/m = not meaningful The table below provides aging information as of June 30, 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) June 30, 2026 Residential mortgage $ 152  $ 40  $ 125  $ 317  Home equity 14  2  3  19  Total $ 166  $ 42  $ 128  $ 336  June 30, 2025 Residential mortgage $ 109  $ 44  $ 37  $ 190  Home equity 23  2  1  26  Total $ 132  $ 46  $ 38  $ 216  The following table provides the ending amortized cost of commercial loans modified during the three and six months ended June 30, 2026 and 2025. Commercial Loans - Modifications to Borrowers in Financial Difficulty Term Extension Forbearances Interest Rate Reduction Total As a % of Financing Receivables Term Extension Forbearances Interest Rate Reduction Total As a % of Financing Receivables (Dollars in millions) Three Months Ended June 30, 2026 Six Months Ended June 30, 2026 U.S. commercial $ 586 $ 399 $ — $ 985 0.22  % $ 1,133 $ 412 $ — $ 1,545 0.34  % Non-U.S. commercial 71 10 — 81 0.05  78 10 — 88 0.06  Commercial real estate 307 — — 307 0.43  363 288 — 651 0.92  Total $ 964 $ 409 $ — $ 1,373 0.20  $ 1,574 $ 710 $ — $ 2,284 0.33  Three Months Ended June 30, 2025 Six Months Ended June 30, 2025 U.S. commercial $ 397 $ 104 $ — $ 501 0.12  % $ 610 $ 134 $ — $ 744 0.18  % Non-U.S. commercial — — — — —  33 9 — 42 0.03  Commercial real estate 769 439 — 1,208 1.84  1,403 551 — 1,954 2.98  Total $ 1,166 $ 543 $ — $ 1,709 0.27  $ 2,046 $ 694 $ — $ 2,740 0.44  The table below provides aging information as of June 30, 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) June 30, 2026 U.S. Commercial $ 2,156  $ 3  $ 134  $ 2,293 Non-U.S. Commercial 105  —  —  105 Commercial Real Estate 658  7  292  957 Total $ 2,919  $ 10  $ 426  $ 3,355 June 30, 2025 U.S. Commercial $ 1,249  $ 7  $ 43  $ 1,299 Non-U.S. Commercial 69  —  —  69 Commercial Real Estate 2,756  5  645  3,406 Total $ 4,074  $ 12  $ 688  $ 4,774
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 following table. Consumer Real Estate Credit Card and Other Consumer Commercial Total (Dollars in millions) Three Months Ended June 30, 2026 Allowance for loan and lease losses, April 1 $ 417  $ 7,854  $ 4,877  $ 13,148  Loans and leases charged off (16) (1,314) (410) (1,740) Recoveries of loans and leases previously charged off 21  269  38  328  Net charge-offs 5  (1,045) (372) (1,412) Provision for loan and lease losses 19  996  362  1,377  Other —  —  1  1  Allowance for loan and lease losses, June 30 441  7,805  4,868  13,114  Reserve for unfunded lending commitments, April 1 75  —  1,086  1,161  Provision for unfunded lending commitments (5) —  (6) (11) Reserve for unfunded lending commitments, June 30 70  —  1,080  1,150  Allowance for credit losses, June 30 $ 511  $ 7,805  $ 5,948  $ 14,264  Three Months Ended June 30, 2025 Allowance for loan and lease losses, April 1 $ 340  $ 8,212  $ 4,704  $ 13,256  Loans and leases charged off (14) (1,299) (511) (1,824) Recoveries of loans and leases previously charged off 22  232  45  299  Net charge-offs 8  (1,067) (466) (1,525) Provision for loan and lease losses (3) 1,087  476  1,560  Other 1  —  (1) —  Allowance for loan and lease losses, June 30 346  8,232  4,713  13,291  Reserve for unfunded lending commitments, April 1 57  —  1,053  1,110  Provision for unfunded lending commitments 1  —  31  32  Other —  —  1  1  Reserve for unfunded lending commitments, June 30 58  —  1,085  1,143  Allowance for credit losses, June 30 $ 404  $ 8,232  $ 5,798  $ 14,434  (Dollars in millions) Six Months Ended June 30, 2026 Allowance for loan and lease losses, January 1 $ 416  $ 7,964  $ 4,823  $ 13,203  Loans and leases charged off (32) (2,630) (815) (3,477) Recoveries of loans and leases previously charged off 39  524  93  656  Net charge-offs 7  (2,106) (722) (2,821) Provision for loan and lease losses 19  1,946  765  2,730  Other (1) 1  2  2  Allowance for loan and lease losses, June 30 441  7,805  4,868  13,114  Reserve for unfunded lending commitments, January 1 62  —  1,115  1,177  Provision for unfunded lending commitments 8  —  (35) (27) Reserve for unfunded lending commitments, June 30 70  —  1,080  1,150  Allowance for credit losses, June 30 $ 511  $ 7,805  $ 5,948  $ 14,264  Six Months Ended June 30, 2025 Allowance for loan and lease losses, January 1 $ 293  $ 8,277  $ 4,670  $ 13,240  Loans and leases charged off (20) (2,648) (889) (3,557) Recoveries of loans and leases previously charged off 40  450  90  580  Net charge-offs 20  (2,198) (799) (2,977) Provision for loan and lease losses 29  2,154  843  3,026  Other 4  (1) (1) 2  Allowance for loan and lease losses, June 30 346  8,232  4,713  13,291  Reserve for unfunded lending commitments, January 1 57  —  1,039  1,096  Provision for unfunded lending commitments 1  —  45  46  Other —  —  1  1  Reserve for unfunded lending commitments, June 30 58  —  1,085  1,143  Allowance for credit losses, June 30 $ 404  $ 8,232  $ 5,798  $ 14,434