Loans and ACL (Tables)

6 Months Ended

Jun. 30, 2022

Receivables [Abstract]

Aging Analysis of Past Due Loans and Leases

The following tables present loans and leases HFI by aging category. Government guaranteed loans are not placed on nonperforming status regardless of delinquency because collection of principal and interest is reasonably assured. The past due status of loans that received a deferral under the CARES Act is generally frozen during the deferral period. In certain limited circumstances, accommodation programs result in the delinquency status being reset to current.

	Accruing
June 30, 2022 (Dollars in millions)	Current		30-89 Days Past Due		90 Days Or More Past Due (1)		Nonperforming		Total
Commercial:
Commercial and industrial	$	149,197	$	223	$	27	$	393	$	149,840
CRE	22,117		10		3		19		22,149
Commercial construction	5,150		4		3		—		5,157
Consumer:
Residential mortgage	49,188		535		911		269		50,903
Residential home equity and direct	25,020		156		10		159		25,345
Indirect auto	26,590		584		1		244		27,419
Indirect other	11,874		78		3		6		11,961
Student	4,890		453		801		—		6,144
Credit card	4,668		48		28		—		4,744
Total	$	298,694	$	2,091	$	1,787	$	1,090	$	303,662
(1)Includes government guaranteed loans of $884 million in the residential mortgage portfolio and $796 million in the student portfolio.
	Accruing
December 31, 2021 (Dollars in millions)	Current		30-89 Days Past Due		90 Days Or More Past Due (1)		Nonperforming		Total
Commercial:
Commercial and industrial	$	138,225	$	130	$	13	$	394	$	138,762
CRE	23,902		20		—		29		23,951
Commercial construction	4,962		2		—		7		4,971
Consumer:
Residential mortgage	46,033		514		1,009		296		47,852
Residential home equity and direct	24,809		107		9		141		25,066
Indirect auto	25,615		607		1		218		26,441
Indirect other	10,811		64		3		5		10,883
Student	5,357		555		868		—		6,780
Credit card	4,735		45		27		—		4,807
Total	$	284,449	$	2,044	$	1,930	$	1,090	$	289,513
(1)Includes government guaranteed loans of $978 million in the residential mortgage portfolio and $864 million in the student portfolio.

Schedule of Carrying Amounts by Risk Rating

The following tables present the amortized cost basis of loans by origination year and credit quality indicator:

June 30, 2022 (Dollars in millions)	Amortized Cost Basis by Origination Year												Revolving Credit		Loans Converted to Term		Other (1)
	2022		2021		2020		2019		2018		Prior								Total
Commercial:
Commercial and industrial:
Pass	$	24,294	$	27,579	$	13,238	$	10,294	$	6,785	$	11,523	$	52,024	$	—	$	(188)	$	145,549
Special mention	124		150		325		139		200		45		517		—		—		1,500
Substandard	178		324		357		360		183		240		756		—		—		2,398
Nonperforming	7		52		13		77		48		25		171		—		—		393
Total	24,603		28,105		13,933		10,870		7,216		11,833		53,468		—		(188)		149,840
CRE:
Pass	2,598		3,801		2,607		4,456		2,956		2,925		690		—		(50)		19,983
Special mention	10		87		108		177		237		35		—		—		—		654
Substandard	95		161		168		411		340		318		—		—		—		1,493
Nonperforming	4		3		1		1		—		10		—		—		—		19
Total	2,707		4,052		2,884		5,045		3,533		3,288		690		—		(50)		22,149
Commercial construction:
Pass	768		1,259		1,072		469		201		130		1,008		—		(1)		4,906
Special mention	2		2		30		53		53		—		—		—		—		140
Substandard	11		3		30		33		34		—		—		—		—		111
Nonperforming	—		—		—		—		—		—		—		—		—		—
Total	781		1,264		1,132		555		288		130		1,008		—		(1)		5,157
Consumer:
Residential mortgage:
Current	6,223		17,625		6,385		3,235		1,471		14,249		—		—		—		49,188
30 - 89 days past due	32		50		34		36		38		345		—		—		—		535
90 days or more past due	2		5		59		76		111		658		—		—		—		911
Nonperforming	—		3		9		17		21		219		—		—		—		269
Total	6,257		17,683		6,487		3,364		1,641		15,471		—		—		—		50,903
Residential home equity and direct:
Current	3,044		3,886		1,928		1,141		444		399		10,624		3,569		(15)		25,020
30 - 89 days past due	45		12		8		8		4		2		51		26		—		156
90 days or more past due	—		—		—		—		—		—		8		2		—		10
Nonperforming	—		5		5		5		2		7		46		89		—		159
Total	3,089		3,903		1,941		1,154		450		408		10,729		3,686		(15)		25,345
Indirect auto:
Current	6,833		8,737		5,219		3,265		1,565		971		—		—		—		26,590
30 - 89 days past due	43		163		118		115		72		73		—		—		—		584
90 days or more past due	1		—		—		—		—		—		—		—		—		1
Nonperforming	5		56		53		60		38		32		—		—		—		244
Total	6,882		8,956		5,390		3,440		1,675		1,076		—		—		—		27,419
Indirect other:
Current	3,516		3,386		2,113		1,235		706		918		—		—		—		11,874
30 - 89 days past due	13		22		16		12		9		6		—		—		—		78
90 days or more past due	1		1		1		—		—		—		—		—		—		3
Nonperforming	—		1		1		2		—		2		—		—		—		6
Total	3,530		3,410		2,131		1,249		715		926		—		—		—		11,961
Student:
Current	—		—		19		78		63		4,714		—		—		16		4,890
30 - 89 days past due	—		—		—		—		1		450		—		—		2		453
90 days or more past due	—		—		—		—		1		797		—		—		3		801
Total	—		—		19		78		65		5,961		—		—		21		6,144
Credit card:
Current													4,648		19		1		4,668
30 - 89 days past due													46		2		—		48
90 days or more past due													27		1		—		28
Total	—		—		—		—		—		—		4,721		22		1		4,744
Total	$	47,849	$	67,373	$	33,917	$	25,755	$	15,583	$	39,093	$	70,616	$	3,708	$	(232)	$	303,662

December 31, 2021 (Dollars in millions)	Amortized Cost Basis by Origination Year												Revolving Credit		Loans Converted to Term		Other (1)
	2021		2020		2019		2018		2017		Prior								Total
Commercial:
Commercial and industrial:
Pass	$	35,530	$	17,430	$	14,105	$	8,994	$	5,633	$	9,424	$	43,035	$	—	$	(169)	$	133,982
Special mention	195		221		326		317		46		70		691		—		—		1,866
Substandard	352		356		395		197		91		335		794		—		—		2,520
Nonperforming	50		19		49		42		16		34		184		—		—		394
Total	36,127		18,026		14,875		9,550		5,786		9,863		44,704		—		(169)		138,762
CRE:
Pass	4,836		2,946		5,109		3,201		1,774		2,131		762		—		(61)		20,698
Special mention	13		118		483		247		44		83		—		—		—		988
Substandard	321		264		523		528		321		279		—		—		—		2,236
Nonperforming	1		1		11		—		9		7		—		—		—		29
Total	5,171		3,329		6,126		3,976		2,148		2,500		762		—		(61)		23,951
Commercial construction:
Pass	1,113		1,179		1,259		419		44		95		558		—		12		4,679
Special mention	—		14		72		50		—		—		—		—		—		136
Substandard	7		13		45		67		17		—		—		—		—		149
Nonperforming	—		—		1		—		5		—		—		—		1		7
Total	1,120		1,206		1,377		536		66		95		558		—		13		4,971
Consumer:
Residential mortgage:
Current	17,271		6,798		3,642		1,753		2,237		14,240		—		—		92		46,033
30 - 89 days past due	58		31		32		40		31		322		—		—		—		514
90 or more days past due	3		44		91		133		95		643		—		—		—		1,009
Nonperforming	1		5		18		27		20		226		—		—		(1)		296
Total	17,333		6,878		3,783		1,953		2,383		15,431		—		—		91		47,852
Residential home equity and direct:
Current	4,962		2,630		1,717		691		189		425		10,757		3,388		50		24,809
30 - 89 days past due	8		8		10		3		1		3		53		21		—		107
90 days or more past due	—		—		—		—		—		—		5		4		—		9
Nonperforming	2		3		4		1		—		7		48		75		1		141
Total	4,972		2,641		1,731		695		190		435		10,863		3,488		51		25,066
Indirect auto:
Current	10,699		6,691		4,293		2,158		1,081		504		—		—		189		25,615
30 - 89 days past due	119		138		145		97		56		52		—		—		—		607
90 days or more past due	—		—		—		—		—		1		—		—		—		1
Nonperforming	28		48		61		41		21		19		—		—		—		218
Total	10,846		6,877		4,499		2,296		1,158		576		—		—		189		26,441
Indirect other:
Current	4,333		2,724		1,638		937		455		691		—		—		33		10,811
30 - 89 days past due	14		15		15		12		4		4		—		—		—		64
90 days or more past due	1		1		1		—		—		—		—		—		—		3
Nonperforming	1		1		1		—		—		2		—		—		—		5
Total	4,349		2,741		1,655		949		459		697		—		—		33		10,883
Student:
Current	—		21		88		73		61		5,122		—		—		(8)		5,357
30 - 89 days past due	—		—		1		1		1		552		—		—		—		555
90 days or more past due	—		—		—		—		1		867		—		—		—		868
Total	—		21		89		74		63		6,541		—		—		(8)		6,780
Credit card:
Current													4,711		24		—		4,735
30 - 89 days past due													43		2		—		45
90 days or more past due													26		1		—		27
Total	—		—		—		—		—		—		4,780		27		—		4,807
Total	$	79,918	$	41,719	$	34,135	$	20,029	$	12,253	$	36,138	$	61,667	$	3,515	$	139	$	289,513

(1)Includes certain deferred fees and costs and other adjustments.

Summary of Allowance for Credit Losses

The following tables present activity in the ACL:

(Dollars in millions)	Balance at Apr 1, 2021		Charge-Offs		Recoveries		Provision (Benefit)		Other (1)		Balance at Jun 30, 2021
Commercial:
Commercial and industrial	$	2,136	$	(53)	$	23	$	(302)	$	—	$	1,804
CRE	544		—		4		(108)		—		440
Commercial construction	77		—		1		(9)		—		69
Consumer:
Residential mortgage	343		(4)		5		(23)		—		321
Residential home equity and direct	707		(57)		20		24		—		694
Indirect auto	1,176		(69)		27		(18)		—		1,116
Indirect other	187		(11)		7		(2)		—		181
Student	131		(3)		—		—		1		129
Credit card	361		(42)		10		38		—		367
ALLL	5,662		(239)		97		(400)		1		5,121
RUFC	349		—		—		(34)		—		315
ACL	$	6,011	$	(239)	$	97	$	(434)	$	1	$	5,436
(Dollars in millions)	Balance at Apr 1, 2022		Charge-Offs		Recoveries		Provision (Benefit)		Other (1)		Balance at Jun 30, 2022
Commercial:
Commercial and industrial	$	1,319	$	(17)	$	13	$	42	$	—	$	1,357
CRE	283		(1)		6		(51)		—		237
Commercial construction	53		—		1		(4)		—		50
Consumer:
Residential mortgage	310		(2)		4		15		—		327
Residential home equity and direct	574		(85)		20		79		—		588
Indirect auto	957		(77)		26		46		—		952
Indirect other	211		(18)		6		29		—		228
Student	115		(4)		—		(10)		(1)		100
Credit card	348		(40)		9		31		—		348
ALLL	4,170		(244)		85		177		(1)		4,187
RUFC	253		—		—		(6)		—		247
ACL	$	4,423	$	(244)	$	85	$	171	$	(1)	$	4,434
(Dollars in millions)	Balance at Jan 1, 2021		Charge-Offs		Recoveries		Provision (Benefit)		Other (1)		Balance at Jun 30, 2021
Commercial:
Commercial and industrial	$	2,204	$	(132)	$	42	$	(310)	$	—	$	1,804
CRE	573		(4)		5		(134)		—		440
Commercial construction	81		(2)		2		(12)		—		69
Consumer:
Residential mortgage	368		(15)		7		(39)		—		321
Residential home equity and direct	714		(112)		38		54		—		694
Indirect auto	1,198		(174)		49		43		—		1,116
Indirect other	208		(28)		13		(12)		—		181
Student	130		(6)		—		2		3		129
Credit card	359		(82)		19		71		—		367
ALLL	5,835		(555)		175		(337)		3		5,121
RUFC	364		—		—		(49)		—		315
ACL	$	6,199	$	(555)	$	175	$	(386)	$	3	$	5,436

(Dollars in millions)	Balance at Jan 1, 2022		Charge-Offs		Recoveries		Provision (Benefit)		Other (1)		Balance at Jun 30, 2022
Commercial:
Commercial and industrial	$	1,426	$	(48)	$	30	$	(51)	$	—	$	1,357
CRE	350		(2)		7		(118)		—		237
Commercial construction	52		(1)		2		(3)		—		50
Consumer:
Residential mortgage	308		(4)		10		13		—		327
Residential home equity and direct	615		(143)		40		76		—		588
Indirect auto	1,022		(179)		49		60		—		952
Indirect other	195		(37)		12		58		—		228
Student	117		(10)		—		(7)		—		100
Credit card	350		(81)		18		61		—		348
ALLL	4,435		(505)		168		89		—		4,187
RUFC	260		—		—		(13)		—		247
ACL	$	4,695	$	(505)	$	168	$	76	$	—	$	4,434

(1)Includes the amounts for the ALLL for PCD acquisitions, and other activity.

Financing Receivable, Nonperforming

NPAs

The following table provides a summary of nonperforming loans and leases, excluding LHFS:

	June 30, 2022				December 31, 2021
	Recorded Investment				Recorded Investment
(Dollars in millions)	Without an ALLL		With an ALLL		Without an ALLL		With an ALLL
Commercial:
Commercial and industrial	$	128	$	265	$	125	$	269
CRE	8		11		12		17
Commercial construction	—		—		—		7
Consumer:
Residential mortgage	4		265		4		292
Residential home equity and direct	2		157		3		138
Indirect auto	4		240		1		217
Indirect other	—		6		—		5
Total	$	146	$	944	$	145	$	945

Selected Information About Nonperforming Assets

The following table presents a summary of nonperforming assets and residential mortgage loans in the process of foreclosure:

(Dollars in millions)	Jun 30, 2022		Dec 31, 2021
Nonperforming loans and leases HFI	$	1,090	$	1,090
Nonperforming LHFS	33		22
Foreclosed real estate	3		8
Other foreclosed property	47		43
Total nonperforming assets	$	1,173	$	1,163
Residential mortgage loans in the process of foreclosure	$	245	$	135

Schedule of Performing and Nonperforming TDRs

TDRs

The following table presents a summary of TDRs:

(Dollars in millions)	Jun 30, 2022		Dec 31, 2021
Performing TDRs:
Commercial:
Commercial and industrial	$	105	$	147
CRE	5		5
Commercial construction	1		—
Consumer:
Residential mortgage	1,042		692
Residential home equity and direct	84		98
Indirect auto	401		389
Indirect other	6		7
Student	27		25
Credit card	22		27
Total performing TDRs	1,693		1,390
Nonperforming TDRs	204		152
Total TDRs	$	1,897	$	1,542
ALLL attributable to TDRs	$	122	$	102

Summary Of Primary Reason Loan Modifications Were Classified as TDRs

The primary type of modification for newly designated TDRs is summarized in the tables below. New TDR balances represent the recorded investment at the end of the quarter in which the modification was made. The prior quarter balance represents recorded investment at the beginning of the quarter in which the modification was made. Rate modifications consist of TDRs made with below market interest rates, including those that also have modifications of loan structures.

	As of / For the Three Months Ended June 30, 2022								As of / For the Six Months Ended June 30, 2022
(Dollars in millions)	Type of Modification				Prior Quarter Loan Balance		Related ALLL at Period End		Type of Modification				Prior Quarter Loan Balance		Related ALLL at Period End
	Rate		Structure						Rate		Structure
Newly designated TDRs:
Commercial	$	—	$	1	$	1	$	—	$	—	$	9	$	11	$	—
Consumer	97		197		293		14		245		388		622		29
Credit card	2		—		2		1		4		—		4		2
Re-modification of previously designated TDRs	9		29						30		40
	As of / For the Three Months Ended June 30, 2021								As of / For the Six Months Ended June 30, 2021
	Type of Modification				Prior Quarter Loan Balance		Related ALLL at Period End		Type of Modification				Prior Quarter Loan Balance		Related ALLL at Period End
(Dollars in millions)	Rate		Structure						Rate		Structure
Newly designated TDRs:
Commercial	$	—	$	6	$	6	$	—	$	27	$	109	$	153	$	13
Consumer	63		71		137		10		138		226		370		23
Credit card	2		—		3		1		6		—		7		3
Re-modification of previously designated TDRs	14		6						28		20

Selected Information About Loans And Leases Unearned

The following table presents additional information about loans and leases:

(Dollars in millions)	Jun 30, 2022		Dec 31, 2021
Unearned income, discounts, and net deferred loan fees and costs	$	329	$	849