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Loans and Leases (Tables)
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Loans and Leases Classified by Primary Purpose
The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of:

($ in millions)		September 30,
2022		December 31,
2021
Loans and leases held for sale:
Commercial and industrial loans$68 7 
Commercial mortgage loans— 13 
Commercial leases1 1 
Residential mortgage loans1,871 4,394 
Total loans and leases held for sale$1,940 4,415 
Portfolio loans and leases:
Commercial and industrial loans(a)
$56,437 51,659 
Commercial mortgage loans10,947 10,316 
Commercial construction loans5,573 5,241 
Commercial leases2,821 3,052 
Total commercial loans and leases$75,778 70,268 
Residential mortgage loans$17,600 16,397 
Home equity4,000 4,084 
Indirect secured consumer loans16,646 16,783 
Credit card1,770 1,766 
Other consumer loans4,205 2,752 
Total consumer loans$44,221 41,782 
Total portfolio loans and leases$119,999 112,050 
(a)Includes $210 million and $1.3 billion as of September 30, 2022 and December 31, 2021, respectively, related to the SBA’s Paycheck Protection Program.
Total Loans and Leases Owned by the Bancorp
The following table presents a summary of the total loans and leases owned by the Bancorp as of:
Carrying Value
90 Days Past Due and Still Accruing(a)

($ in millions)		September 30,
2022		December 31,
2021		September 30,
2022		December 31,
2021
Commercial and industrial loans$56,505 51,666 16 17 
Commercial mortgage loans10,947 10,329 — 1 
Commercial construction loans5,573 5,241 — 1 
Commercial leases2,822 3,053 10 — 
Residential mortgage loans19,471 20,791 7 72 
Home equity4,000 4,084 1 1 
Indirect secured consumer loans16,646 16,783 10 9 
Credit card1,770 1,766 14 15 
Other consumer loans4,205 2,752 1 1 
Total loans and leases$121,939 116,465 59 117 
Less: Loans and leases held for sale1,940 4,415 
Total portfolio loans and leases$119,999 112,050 
(a)Excludes government guaranteed residential mortgage loans.

The following table presents a summary of net charge-offs (recoveries):
For the three months ended
September 30,		For the nine months ended
September 30,
($ in millions)2022202120222021
Commercial and industrial loans$34 5 76 45 
Commercial mortgage loans— (1)(1)8 
Commercial construction loans(1)— 2 — 
Commercial leases(1)— (1)(2)
Residential mortgage loans(1)(1)(2)(2)
Home equity(1)(1)(2)(2)
Indirect secured consumer loans10 (1)23 8 
Credit card12 12 39 57 
Other consumer loans10 8 25 24 
Total net charge-offs$62 21 159 136 
Investment in Lease Financing
The following table presents the components of the net investment in portfolio leases as of:
($ in millions)(a)
September 30,
2022		December 31, 2021
Net investment in direct financing leases:
Lease payment receivable (present value)$655 886 
Unguaranteed residual assets (present value)129 147 
Net premium on acquired leases1 1 
Net investment in sales-type leases:
Lease payment receivable (present value)1,721 1,678 
Unguaranteed residual assets (present value)67 55 
(a)Excludes $248 and $285 of leveraged leases at September 30, 2022 and December 31, 2021, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows:
As of September 30, 2022 ($ in millions)Direct Financing
Leases		Sales-Type Leases
Remainder of 2022$52 139 
2023211 494 
2024152 407 
2025111 342 
202683 189 
202744 137 
Thereafter44 141 
Total undiscounted cash flows$697 1,849 
Less: Difference between undiscounted cash flows and discounted cash flows42 128 
Present value of lease payments (recognized as lease receivables)$655 1,721