Quarterly report pursuant to Section 13 or 15(d)

ALLOWANCE FOR CREDIT LOSSES (Tables)

v3.24.2
ALLOWANCE FOR CREDIT LOSSES (Tables)
 6 Months Ended
Jun. 30, 2024
Credit Loss [Abstract]  
Allowance Roll-forward
Allowance for Credit Losses - Roll-forward
The following tables present ACL activity by portfolio segment.
(dollar amounts in millions) Commercial Consumer Total
Three months ended June 30, 2024
ALLL balance, beginning of period $ 1,589  $ 691  $ 2,280 
Loan and lease charge-offs (95) (50) (145)
Recoveries of loans and leases previously charged-off 38  17  55 
Provision for loan and lease losses 55  59  114 
ALLL balance, end of period $ 1,587  $ 717  $ 2,304 
AULC balance, beginning of period $ 69  $ 66  $ 135 
Provision (benefit) for unfunded lending commitments (5) (11) (16)
AULC balance, end of period $ 64  $ 55  $ 119 
ACL balance, end of period $ 1,651  $ 772  $ 2,423 
Three months ended June 30, 2023
ALLL balance, beginning of period $ 1,457  $ 685  $ 2,142 
Loan and lease charge-offs (53) (39) (92)
Recoveries of loans and leases previously charged-off 26  17  43 
Provision for loan and lease losses 53  31  84 
ALLL balance, end of period $ 1,483  $ 694  $ 2,177 
AULC balance, beginning of period $ 75  $ 82  $ 157 
Provision for unfunded lending commitments 3  5  8 
AULC balance, end of period $ 78  $ 87  $ 165 
ACL balance, end of period $ 1,561  $ 781  $ 2,342 
(dollar amounts in millions) Commercial Consumer Total
Six months ended June 30, 2024
ALLL balance, beginning of period $ 1,563  $ 692  $ 2,255 
Loan and lease charge-offs (169) (104) (273)
Recoveries of loans and leases previously charged-off 57  34  91 
Provision for loan and lease losses 136  95  231 
ALLL balance, end of period $ 1,587  $ 717  $ 2,304 
AULC balance, beginning of period $ 66  $ 79  $ 145 
Provision (benefit) for unfunded lending commitments (2) (24) (26)
AULC balance, end of period $ 64  $ 55  $ 119 
ACL balance, end of period $ 1,651  $ 772  $ 2,423 
Six months ended June 30, 2023
ALLL balance, beginning of period $ 1,424  $ 697  $ 2,121 
Loan and lease charge-offs (105) (86) (191)
Recoveries of loans and leases previously charged-off 49  36  85 
Provision for loan and lease losses 115  47  162 
ALLL balance, end of period $ 1,483  $ 694  $ 2,177 
AULC balance, beginning of period $ 71  $ 79  $ 150 
Provision for unfunded lending commitments 7  8  15 
AULC balance, end of period $ 78  $ 87  $ 165 
ACL balance, end of period $ 1,561  $ 781  $ 2,342