Loans and Leases (Tables)

12 Months Ended

Dec. 31, 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 December 31:

($ in millions)	2022		2021
Loans and leases held for sale:
Commercial and industrial loans	$	73	7
Commercial mortgage loans	—		13
Commercial leases	—		1
Residential mortgage loans	934		4,394
Total loans and leases held for sale	$	1,007	4,415
Portfolio loans and leases:
Commercial and industrial loans(a)	$	57,232	51,659
Commercial mortgage loans	11,020		10,316
Commercial construction loans	5,433		5,241
Commercial leases	2,704		3,052
Total commercial loans and leases	$	76,389	70,268
Residential mortgage loans	$	17,628	16,397
Home equity	4,039		4,084
Indirect secured consumer loans	16,552		16,783
Credit card	1,874		1,766
Other consumer loans	4,998		2,752
Total consumer loans	$	45,091	41,782
Total portfolio loans and leases	$	121,480	112,050

(a)Includes $94 million and $1.3 billion as of December 31, 2022 and 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 and net charge-offs (recoveries) as of and for the years ended December 31:

	Carrying Value			90 Days Past Due and Still Accruing(a)		Net Charge-Offs (Recoveries)
($ in millions)	2022		2021	2022	2021	2022	2021
Commercial and industrial loans	$	57,305	51,666	11	17	96	60
Commercial mortgage loans	11,020		10,329	—	1	(1)	8
Commercial construction loans	5,433		5,241	—	1	2	—
Commercial leases	2,704		3,053	2	—	4	(1)
Residential mortgage loans	18,562		20,791	7	72	(2)	(4)
Home equity	4,039		4,084	1	1	(2)	(4)
Indirect secured consumer loans	16,552		16,783	—	9	36	14
Credit card	1,874		1,766	18	15	52	70
Other consumer loans	4,998		2,752	1	1	42	31
Total loans and leases	$	122,487	116,465	40	117	227	174
Less: Loans and leases held for sale	1,007		4,415
Total portfolio loans and leases	$	121,480	112,050

(a)Excludes government guaranteed residential mortgage loans.

Investment in Lease Financing

The following table presents the components of the net investment in portfolio leases as of December 31:

($ in millions)(a)	2022		2021
Net investment in direct financing leases:
Lease payment receivable (present value)	$	570	886
Unguaranteed residual assets (present value)	107		147
Net premium on acquired leases	—		1
Net investment in sales-type leases:
Lease payment receivable (present value)	1,704		1,678
Unguaranteed residual assets (present value)	76		55

(a)Excludes $247 and $285 of leveraged leases at December 31, 2022 and 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 2023 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows:

As of December 31, 2022 ($ in millions)	Direct Financing Leases		Sales-Type Leases
2023	$	188	502
2024	148		440
2025	100		376
2026	83		211
2027	44		156
Thereafter	44		155
Total undiscounted cash flows	$	607	1,840
Less: Difference between undiscounted cash flows and discounted cash flows	37		136
Present value of lease payments (recognized as lease receivables)	$	570	1,704